MANAGEMENT UPDATE

                                                  MANAGEMENT UPDATE
                                                       SEPTEMBER 10, 2009
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S.P.M., Inc., completed replacing the outside wall of the Ladies Shower Room, which had separated from the building and fallen down. The repair required using tongue and groove cedar planking, which was the original construction material and installing an 8’ foot bench at a cost of $3,400.

In early August, the aluminum tree on the sign at the front entrance to Banyan Springs was removed by vandals. CNC Innovations, Inc. removed the tree from the other side of the sign for painting, will fabricate a new tree and attach both to the sign using a more secure method. The cost of the job is $905.25 and we expect the repair to be completed and installed next week.

On August 17^th, Top Branch Industries replaced landscaping on the corners and around the sign at the front entrance. In addition, Top Branch also installed new stakes on the Oleander Trees for better support. The cost of the project totaled $2,005.00 and was funded out of the Landscaping Improvement line item of the budget.

The new Picnic Area also known as the Outback, with two new gas grills and four tables with umbrellas was completed on Thursday, August 27^th. With the help of our staff, we poured the concrete pad, which saved money and the project was completed for a total of $6,956.20, which included a donation of $3,000.00 from the Social Club. We anticipate lots of usage during the season by the many residents that are unable to grill out at their homes. Rules for use of this new amenity are available at the office.

Next Monday, September 14^th, Papico Construction will be here to begin the Annual Tennis Court Resurfacing Project. This year, Courts 1, 6 & 7 will be resurfaced and the project should be completed in one week, weather permitting.

Gold Coast Surfaces, Inc., is tentatively scheduled to begin cleaning, repairing and sealing all cracks on the pool deck on Monday, September 21^st. The work will take approximately two days or so to complete and will necessitate closing the pool area, so those that swim daily may want to use the Cabana Pool during this time. Although the schedule is set, it is subject to change due to the weather, so we will confirm the date at the end of next week, we will post signs around the Clubhouse and also on Channel 63.

Beginning next week, Management will begin scheduling meetings with Board Members of the Condominium Associations, as well as the P.O.A. Finance Committee to work on the 2010 Annual Budgets.

Respectfully submitted,

Rick Leach, L.C.A.M.

Property Manger