SILVER LAKES HOMEOWNERS ASSOCIATION, INC.

MAY 2, 2002

The Silver Lakes Homeowners Association, Inc. Board of Directors held a regular meeting on May 2, 2002 at 7:30 p.m. at 916 Sloewood Court, Lake Mary, Florida. Notice of the meeting was duly posted on the Association property 48 hours in advance. A quorum of the Board was established and Mr. Perina called the meeting to order at 7:35 p.m. Directors present were George Perina (President), Kent Wilkins (Vice President), Madeliane Levine (Secretary), John Verity (Treasurer), Joyce Groom, Bill Smith, and Maria Pascual. Lionel Bonck and Rod Meli were unable to attend. Tim Naylon, Community Association Manager, represented Sentry Management, Inc.

MINUTES:

The April 10, 2002 minutes are to be amended to reflect that Mr. Wilkins supplied the letter regarding tree trimming and that he also obtained the tree trimming proposal, the correct spelling for Mr. Verity and that reference to the Beautification Committee is to be changed to Common Areas Committee. Mr. Smith moved that the minutes of the April 10, 2002 meeting be approved as amended, which motion was seconded and passed unanimously.

MANAGER’S REPORT:

Manager’s Report was presented by Mr. Naylon. The Board reviewed the Rules & Regulations Property Notebook. It was decided, due to the number of common violations, Mr. Perina will compose a letter addressed to all owners regarding common violations which will be mailed with the Rules and Regulations booklet. Mr. Wilkins will deliver to SMI the booklets.

ARCHITECTURAL CONTROL COMMITTEE REPORT:

Architectural Control Committee member, Mr. Smith, reported that Wood & What Knots Signs proposes to make the "Yard of the Month" sign for $350.00.

Ms. Levine moved that the Association purchase the "Yard of the Month" sign from Wood & What Knots Signs for $350.00, which motion was seconded and passed 6-1.

COMMON AREAS COMMITTEE REPORT:

Mr. Wilkins and Mr. Smith will determine if a 4’ fluorescent light fixture is adequate for lighting the entrance wall/sign and that they will pole the Board for approval to have the lighting and electrical service replaced/repaired.

The project to remulch the landscape areas will be postponed until the lighting and electrical projects are completed.

Mr. Wilkins will proceed with the planting of annuals once the irrigation system is operational.

Mr. Wilkins moved to have Florida Power Corp. install a coach pole light fixture in the center island, which motion was seconded and passed 5-2.

GENERAL ACTIVITIES COMMITTEE:

Ms. Pascul and Ms. Levine reported they delivered three "New Resident Packages" in April. Ms. Levine stated that the tentative date for the Association Block Party is in October.

UNFINISHED BUSINESS:

Mr. Perina moved to accept the settlement agreement regarding the Moore case as proposed by the Moore’s, which motion was seconded and passed unanimously.

The Board approved the request to remove two trees at 832 Silversmith Cir.

Management was instructed to:

NEW BUSINESS:

Mr. Wilkins, Mr. Smith and Mr. Perina will attend The Crossings Master Community Association Workshop meeting on June 27, 2002.

ADJOURNMENT:

Mr. Smith moved to adjourn the meeting at 9:10 p.m., which motion was seconded and passed unanimously.