SILVER LAKE WEST HOMEOWNER’S ASSOCIATION, INC.

BOARD OF DIRECTORS MEETING

DECEMBER 5,2002

MINUTES

The Silver Lakes West Homeowners’ Association, Inc. Board of Directors held a regular meeting on December 5, 2002 at 7:30 p.m. at 891 Silverado Court, Lake Mary, Florida, 32746. Notice of the meeting was duly posted on the association property 48 hours in advance. A quorum of the Board was established and Kent Wilkins called the meeting to order at 7:30 p.m. Directors present were: Kent Wilkins, Rod Meli, Madelaine Levine, Lionel Bonck, John Verity, Bill Smith, and Joyce Groom. Marie Anderson was in attendance representing Sentry Management.

The minutes from the November 7,2002 Board Meeting were discussed and an amendment to the section Unfinished Business were noted. The correction should read:

Madelaine Levine made a motion to contact the Association’s attorney and have the attorney draft a letter of settlement to the Kopmans with the following terms: 1) the truck be maintained in an acceptable condition, painted and free from oil leaks... Madelaine Levine made a motion to accept the minutes as amended. Lionel Bonck seconded the motion. All in favor. Motion carried.

TREASURER’S REPORT

John Verity gave the Treasurer’s Report. It was reported that the Budget committee had approved the 2003 Budget and it has been turned in to Sentry Management.

MANAGER’S REPORT

Marie Anderson gave the Manager’s Report. A discussion regarding current covenant violations, landscape bids, and removal of the water meter at the front entrance took place.

COMMITTEE REPORTS

A. Architectural Control - a homeowner had contacted the association with regard to adding a concrete pad

B. Budget - the 2003 budget has been approved

B. Beautification- Bill Smith’s wife is willing to do the decorations at the front entrance at Christmas if the Board so desires. The items in the storage facility will be checked to see what is there that may be used next Christmas.

C. General Activities- The block party was a success. A discussion was held relative to giving gifts to new homeowners. The committee still has some items in stock that may be used for this.

D. Nominating- A discussion regarding the vacancies for the annual meeting and elections was held. Three positions will be open for the election next month. Directors terms ending are: George Perina, Bill Smith, and Joyce Groom.

UNFINISHED BUSINESS

None

NEW BUSINESS

Bill Smith made a motion for Sentry Management to create a letter to the homeowners with explanation regarding the imminent domain issue with Seminole County. Madelaine Levine seconded the motion. A vote was taken. Six votes were taken for approval, they were: Bill Smith, Kent Wilkins, Lionel Bonck, Madelaine Levine, Joyce Groom, and Rod Meli. John Verity opposed. Motion carried.

Marie Anderson will create a newsletter for Silver Lakes West with explanations regarding the taking of the land by Seminole County along with the notice of the annual meeting and election. Sentry Management will mail out the notice of annual meeting and the proxies for such meeting. Marie Anderson will also check with Richard Milhien regarding developing a document to attempt to acquire 2/3 of the signatures of the homeowners to allow the Board of Directors and the attorney to negotiate the sale of the land to the county.

It was reported that Judi Bentley said someone left a huge Santa on her driveway. No one has reported the Santa as being stolen.

A discussion was held regarding the county patching the cracks in the roads. The patch will be cured for approximately one to two months and then an over seal is scheduled to be applied. There have been some complaints regarding the over spray getting on homeowners vehicles.

John Verity made a motion to formally accept Sentry Management as the management company for the year 2003. Bill Smith seconded the motion. All in favor. Motion carried.

The next meeting will be the annual meeting. It will be held on January 15, 2003, at the Library.

ADJOURNMENT

Madelaine Levine made a motion to adjourn the meeting. Joyce Groom seconded the Motion. All in favor. Motion carried. The meeting was adjourned at 9:13 p.m.