MANAGEMENT UPDATE THURSDAY NOVEMBER 3

                                             MANAGEMENT UPDATE
                                       THURSDAY NOVEMBER 3, 2011
                                         = = = = = = = = = = = = = = = = = =
A service call by RCB Electric to check problems with our current generator for the Clubhouse, has prompted management to look at possibly replacing the generator with an enclosed, automated model, that is more reliable and trouble free. Fortunately, we’ve not had to use the generator since it was purchased back in 2006, but over the years we have spent in excess of $1000 for minor repairs, excluding the cost to convert from propane to natural gas. As we approach the end of Hurricane Season, management is currently gathering information, options and associated costs for a new generator and will present them to the Board for further review at a future Workshop Meeting.

TEM Systems Inc. replaced a defective magnetic lock at the main entrance to the Fitness Center on Monday, October 31^st.   In addition, all of the card readers to the Fitness Center were re-programmed to extend the activation time to 10 seconds. This should solve the problems that some of our residents were having with getting in and out of these doors.

The BSPOA Finance Committee held their second meeting on Tuesday, October 25^th to discuss and prepare the 2012 Proposed Budget that will be presented to the Board today, to approve the mailing to all Unit Owners. We want to thank the Finance Committee Members, which consisted of Board members, Joel Brusso, Bob Dow, Barry Prince, Tony Scorsese, as well as Lakeside # 1 President, Bill Canosa and Walter Meyer, former President of Lakeside #5. Fortunately, the Proposed Budget will have no increase this year, which will hold the maintenance at the same level as the past two years.

Al Hoffer Pest Protection Services fertilized the lawns and shrubs of the entire community last week and is treating the shrubs for the dreaded white fly today. On Tuesday, November 8^th, Hoffer will be treating the trees in Banyan Springs for white fly and other pests that have attacked some of our black olive trees.

Epic Wireless Corporation, will be on site today and tomorrow to install additional cameras at the Fitness Center , the Pool Deck and at the Cabana Pool, to improve security at these areas. The additional cameras and installation charges is funded in the 2011 Budget.

Comcast was here on Tuesday, Wednesday and will be here today to finish improving the signal strength to the Spa and Fitness Center Building . The work over the last few days has consisted of running new line to the building, installing signal boosters and a new high definition cable box, which will be installed today.

Frames Tree Service was in the community yesterday, to remove 3 dying and diseased queen palms at the Pool Area, by the Cabana Pool and on Pine Drive . The immediate removal was essential, as the disease can spread to other trees if not done in a timely matter and the cost for the service totaled $450.

Parker Well & Pump, Inc., will be here tomorrow to check and diagnose what caused a large sinkhole to develop behind the rear of the Clubhouse, where Lake Pump Well # 2 is located. Management will advise the Board, just as soon as we find out what needs to be done to remedy the problem.

Domenico Nursery and Landscaping, is currently finalizing their proposal for the Fall Planting Project. In coordination with Landscape Committee Chairman, David Lefton, the project should get underway before the end of this month.

The Banyan Springs Annual Meeting and Election is scheduled to be held on Wednesday, January 18^th, 2012 . For the 2012 Election, there will be 3 vacancies on the Board to be filled and of course, all Unit Owners will be receiving Notices of the Annual Meeting and Election, as well as the 2012 Budget Meeting in the mail, along with the Notice of the 2012 BSPOA Budget Meeting.

The next General Meeting is scheduled for Wednesday, November 16^th at 7:30P.M. , in the Center.

The office will be closed on Friday, November 11^th, in observance of Veterans Day.

Respectfully submitted,

Rick Leach, L.C.A.M.

Property Manager