SILVER LAKES HOMEOWNERS ASSOCIATION, INC.
BOARD OF DIRECTORS MEETING
JULY 16, 2002

The Silver Lakes Homeowners Association, Inc. Board of Directors held a regular meeting on July 16, 2002 at 7:30 p.m. at 744 Silversmith Cir., 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 7:30 p.m. Directors present were George Perina (President), Kent Wilkins (Vice President), Madeliane Levine (Secretary), Rod Meli, Joyce Groom, Bill Smith, and Lionel Bonck. John Verity (Treasurer) was unable to attend. Tim Naylon, Community Association Manager, represented Sentry Management, Inc.

MINUTES:

Mr. Perina moved that the reading of the minutes of the June 6, 2002 meeting be dispensed with and that they be approved as written and previously distributed, which motion was seconded and passed unanimously.

TREASURER’S REPORT:

Mr. Naylon presented the Treasurer’s Report for June 2002.

Mr. Wilkins moved to file a lien on Account #000006, which motion was seconded and passed. Mr. Meli voted against the motion.

Mr. Wilkins moved to waive the $0.50 past due assessment amount for Account #000044 because the costs related to collection would exceed the amount due, which motion was seconded and passed unanimously.

After answering several questions, the Treasurer’s Report was accepted by all Board Members present.

MANAGER’S REPORT:

Manager’s Report was presented by Mr. Naylon, which was accepted by all Board Members present.

ARCHITECTURAL CONTROL COMMITTEE REPORT:

Architectural Control Committee member, Mr. Smith, reported that Wood & What Knots Signs completed the "Lawn Award" sign and displayed the sign at the meeting. Mr. Smith did approve several Construction/Paint Application’s that were not controversial in nature. Mr. Smith will award the sign to Mr. & Mrs. Gray at 797 Silversmith Cir.

BEAUTIFICATION COMMITTEE REPORT:

Mr. Wilkins will contact The Crossings regarding the Association assuming the responsibility to maintain the monument sign and related landscaping including reimbursement of expenses.

It was stated that the nighttime gathering of young adults at the front entrance has been reduced and that homeowners need to notify the Sheriff if it continues.

COMMON AREAS COMMITTEE REPORT:

Mr. Wilkins stated that he requested that the County assume the cost for additional Florida Power Corp. lighting at the entrance, which is being reviewed by the County. Mr. Wilkins will explore the possibility of the Association purchasing the additional desired lighting.

UNFINISHED BUSINESS:

Ms. Levine moved to exclude all clean roof violations listed on the Rules & Regulations Property Notebook dated July 4, 2002 and to send violations letters to all remaining violators including the addition of any violations reported by Mr. Smith, which motion was seconded and passed unanimously.

NEW BUSINESS:

Management was instructed to:

The following is the schedule for the next three (3) Board meetings and location:

ADJOURNMENT:

Mr. Smith moved to adjourn the meeting at 9:35 p.m., which motion was seconded and passed unanimously.