MANAGEMENT UPDATE WEDNESDAY

                                            MANAGEMENT UPDATE
                                    WEDNESDAY, DECEMBER 15, 2010
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Domenico’s Nursery and Landscaping completed the scheduled landscape improvements to various areas in the community on November 22nd. In addition to removing the old flowers and planting impatiens, Domenico’s installed sod and planted new shrubs where needed at many locations. The total cost of the project was $10,851.25, which was approved by the Landscaping Committee.

Al Hoffer Pest Protection Services has been in the community the last two weeks applying a light fertilization to maintain the lawns and treating the area for insects and weeds.

Boucher’s Gas Service replaced one of the natural gas pool heaters for the main pool on Wednesday, December 7^th. The cost of the new heater totaled $3,301.50 including installation and removal of the old heater. The old heater could have been repaired, but the parts needed would have taken a couple of weeks to come in from California , so the decision was made to replace it immediately, especially as we are in season. Boucher’s has agreed to repair the old heater for an additional cost of $300, in order that we have a spare.

Sullivan Electric & Pump, Inc. had to replace the 10 HP pump, couplings, check valve and submersible cable at the Lake Well Pump behind Lakeside Condo 9.
Although the motor on the pump was in good condition, a number of components and pipe fittings had to be replaced. The work was completed last week and the cost totaled $5,291.53, including parts and labor.

Work is continuing on the upgrade of the Cabana Clubhouse. Our staff will be working on the walls in the hallway and the restrooms, which will complete the project. Also, our staff has been busy with the walls of the Clubhouse and yesterday assisted the Decorating Committee with hanging pictures.

We have received word from Andrew Culpepper of Felix & Associates, the contractor for the installation of the water line for Boynton Beach Utilities, regarding the dates that the water line will be installed along Boynton Beach Blvd at the main entrance to Banyan Springs at Cedar Point Blvd. The work is tentatively scheduled to begin on Wednesday, January 5, 2011 at 7:00 P.M until 6:00 A.M. as the entrance will be closed for work. On Thursday, January 6^th, the exit on Cedar Point Blvd. will be closed and the entrance to the community will be open. During this period, the main entrance will be used to enter the community and all residents must exit the community through the Military Trail Exit. Although this will be an inconvenience, it will be a safer way for traffic to navigate through the community between the hours of 7:00 P.M. and 6:00 A.M. for the days that the work will be done. There will be an officer on duty to direct traffic to avoid potential confusion. As the start date is tentative and there is a possibility that the contractor may need another night, if there are any complications with the project, we will keep the community up to date if there are any changes to the schedule.

This week, the POA mailed the Second Notice of the 2011 Annual Meeting and Election to all 658 Unit Owners. The Annual Meeting and Election is scheduled on Wednesday, January 19, 2011 at 9:00 A.M. and 7:30 P.M. in the Center. There are ten Candidates vying for five vacancies and of course, they will be participating in tonight’s “Meet the Candidates Night”. The Annual Meeting will take place beginning at 9:00 A.M. on January 19^th , adjourned and followed by voting at 9:30 A.M. with the results to be announced at the 7:30 P.M. Meeting. Eight Candidates are vying for five vacancies on the 2011 Board of Directors. The three Board members elected with the most votes will serve three year terms with the remaining two Directors serving a one year term.

Tomorrow, December16, 2010, the Meeting for 2011 Banyan Springs POA Budget is scheduled for 10: A.M. in the Banyan Room. The Proposed Budget will be reviewed and if approved by the Board will go into effect on January 1, 2011 and be the same as in 2010.

The office will be closed on Thursday, December 23rd at 12:00 Noon and closed on December 24 for the Christmas Holiday. Next week, the office will be closed on Thursday, December 30th at 12:00 Noon and Closed January 31^st for New Years!

From the staff and Management at Banyan Springs, we wish each and everyone a happy, healthy and prosperous New Year!

Respectfully submitted,

Rick Leach, L.C.A.M.

Property Manager