MANAGEMENT UPDATE

                                             MANAGEMENT UPDATE
                                            THURSDAY, MAY 27, 2010
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Domenico’s Nursery & Landscaping completed the POA’s Landscaping Improvement Project on Thursday, May 20^th. The project included removing dead or dying plants, shrubs or flowers, mulching of beds, planting flowers or shrubs and planting the Bismarck Palm in the island near the Military Trail Gate. The cost of the project totaled $4,890.50, which was less than the original proposal of $6,071.50, due to the unavailability of some shrubs that the Landscaping Committee had approved for the project.

Thompson & Thompson Fencing completed installation of fencing around the Japanese Spa equipment behind the Fitness Center Building on Wednesday, May 26^th at a cost of $1,275.00. Upon Palm Beach County Health Departments last inspection; we were informed that the equipment in this area was required to be fenced in.

The engineering plans for the installation of collector tanks for the Cabana Club Spa and the Japanese Hot Tubs have been submitted to the Palm Beach County Health Department for approval. This process could take up to 30 days before they are returned to our contractor, Pugh Pools. At that time, we will schedule this project so that it does not coincide with the removal and installation of tile in the Clubhouse in July.

During today’s Workshop Meeting, the Board will be approving the proposal from Papico Construction, Inc. for the resurfacing of tennis courts #2 & #3. The courts are scheduled to be resurfaced beginning Monday, September 20^th, weather permitting.

Florida Power & Light was supposed to be scheduling a date to install the equipment for the POA to enroll in FPL’s On Call Program. After contacting an FPL representative, I was informed that FPL has decided to delay installing equipment for new participants until further notice. Management will keep the Board informed of any further developments.

Our staff will begin preliminary work on removal of the planters in the Clubhouse Lobby and other preparation for the start date of the Flooring Project. Mario Ferrazoli & Son’s will begin removal of the Mexican Tile on Friday, July 9^th. The Clubhouse will be closed on that day and will remain closed for at least one week, due to the air conditioning system being shut down. As soon as the removal phase is complete, some of the areas will be reopened during the installation of the tile. The entire project could take three weeks to complete, but the Pool and Fitness Center Building will remain open for use and the office will remain operational during the project.

The office will be closed on Monday, May 31^st in observance of Memorial Day.

Respectfully submitted,

Rick Leach, L.C.A.M.

Property Manager