BANYAN SPRINGS PROPERTY OWNERS

Barry Prince announced that the purpose of today’s meeting was to inform the residents of the contract breach with Platinum Food Services, Inc. He then turned the meeting over to Robert Dow

Robert Dow reported that the contract calls for a 30 day time frame to get things in order, and to comply with our contract. Christopher LaDagana, D/B/A Platinum Food Services, in the past, would comply with our demands for contract compliance, but the corrections would last for very short periods.

A get-together with Barry Prince, Robert Dow, Rick Leach, Larry Granet and Christopher LaDagana took place on the first of December at which time Christopher LaDagana was advised of many contract breaches, among the complaints filed by our Board were:

· Understaffing

· Cleanliness of the premises

· Food quality

· Food quantity

· Our facility being used for a training ground for Platinum’s employees, and after training, the trainee was taken to another of Platinum’s facilities.

· Untimely payment of rent when due.

Christopher LaDagana responded by admitting that all of the above breaches were true, and that he wanted to continue here as our purveyor of a “Gold Plated Establishment”.

Those persons who were present at that gathering made demands upon Christopher LaDagana if he were to continue running our Poolside Café.

Christopher LaDagana was informed that if he continues, then he must honor the contract and would agree to being present himself for a minimum of 5 days.

Christopher LaDagana was then told that if we gave him 6 weeks from December 1^st to clean things up, pay his rent in a timely manner, provide enough help for the comfort of our residents, and, in general bring things back to the way it was when his company first started in our Poolside Patio.

Christopher LaDagana agreed to the terms and was told he was to put it in writing and sign and deliver the Agreement before the end of the next day, which was December 2^nd.

Robert Dow went on to state that there were 2 ways to handle the situation, and they were, as told to Christopher LaDagana, and he agreed:

1. We could just change the locks in the Café and supply room, thereby preventing Christopher LaDagana and/or his employees from operating the Café.

2. Give Christopher LaDagana a 30 day notice to fulfill his

obligation to his contract with us.

Robert Dow stated that the latter would be our choice.

The group adjourned with Christopher LaDagana agreeing to our terms. As of this writing we are awaiting to receive the executed agreement and rent payment, as due, from Christopher LaDagana, D/B/A/ Poolside Café.

Barry Prince said there was no need for discussion from the audience as this meeting was called to inform the residents of what has been transpiring between the Board and the Poolside Café.

Larry Granet made a motion to adjourn at 2:00 P.M. Seconded by Paul Whitney and passed unanimously.

Respectfully submitted,

Miriam Plonsky

Secretary