SILVER LAKES WEST ASSOCIATION, INC.

BOARD OF DIRECTORS MEETING

APRIL 3, 2003

MINUTES

The Silver Lakes Homeowners Association, Inc. Board of Directors held a regular meeting on April 3, 2003 at 7:05 p.m. at 898 Silverado Ct., Lake Mary, Florida 32746. Notice of the meeting was duly posted at the community entrances in excess of 48 hours. A quorum of the Board was established, present were Kent Wilkins, Bill Smith, Gary Denham, Maria Pascual, Lionel Bonck, John Verity, Rabinder Gill, Rod Meli and Danny Moore. Representing Sentry Management was Lynda McGee.

APPROVAL OF MINUTES

Motion by Danny to approve the March 6th, 2003 minutes with the following amendment to the minutes:

1) To include the name of Danny Moore as in attendance of the meeting.

2) Typo under minutes approval. Gary listed twice, should read Gary Denham made motion.

3) Addition under Treasurer’s Report stating Gary will investigate new banking accounts and interest rates.

4) Under Old Business, (the last sentence), the date of the Special Meeting with the homeowners will be in September.

PRESIDENT FORUM

None, this item is to be removed from future agenda’s.

TREASURER’S FORUM

Gary reported the Washington Mutual accounts and information on interest and fees. He recommended the account with a $3,500 minimum balance, 1.95~ interest, no fee with minimum balance. They can only write three (3) checks per month on this account. Gary feels this will be no problem on that account. The Board was in agreement that Gary should open the new account at Washington Mutual.

MANAGER’ S REPORT

Lynda McGee gave the report and included a package of all violations and notices sent out. A discussion ensued on notices sent out from the last inspection with the President and previous manager. The Board instructed management to give each Board member a copy of the open violations report with each Board packet.

Management was instructed to give only the Treasurer a full financial. The other Board members will only get a financial summary.

NEWSLETTER

Bill Smith volunteered to chair the Newsletter Committee, he will do a newsletter every four (4) months. The deadline to him for this coming newsletter articles is April 15th, 2003. He will have the newsletter out by the first of May.

OLD BUSINESS

County Land Acquisition - The President spoke to the county about the request previously made. The county attorney is not ready at this time to settle due to the fact that the engineering plans for the road are not completed. The condemnation hearing is to be held June 12th, 2003. The Special Membership Meeting will be held on September 10th, 2003 at the library.

LANDSCAPE

The President has negotiated with Surface Management’s contract to remove the back retention pond. Coreta Graham’s cost is to only do 19 cuts per year with bush hog for $2,364.00. The Board at this time has no interest in the Graham contract.

A motion was made by Rod to accept the Surface Landscape contract ending December 31st, 2003. Motion seconded by Lionel, vote called, all in favor of motion.

The President will get the executed contract to management

NEW BUSINESS

Legal - The President received a verbal status concerning the Kopman law suit. A motion was made by Lionel to continue the law suit at least through mediation. Motion seconded by Rod, discussion ensued. Vote called, six (6) in favor, three (3) against, motion carried.

A motion was made by Rod to include the minutes of the meetings on the web-site. Motion seconded by Gary. A discussion ensued. Management suggested that the minutes posted should only be the approved minutes. The Board feels that they should post the minutes as soon as they are transcribed with a disclaimer on the web-site. Vote called, all were in favor. A motion was made by Bill to include a statement on the posted minutes that they are unapproved. Motion seconded by Gary, vote called, all were in favor. Motion carried.

The President stated he was not happy with the current attorney from Taylor & Cans that is handling their legal cases. Management suggested he contact Mr. Taylor and ask to have another attorney assigned. The President at this time will monitor this matter.

ARCHITECTURAL

An approval was given to 940 Silverton Loop for painting approval.

LAWN AWARD

Maria and Rod will finalize the selection for the award.

BOARD MEETINGS

Management informed the Board of a suggestion agenda and action items being sent five (5) days prior to a meeting. Also, only items being discussed would be on motions made and seconded. Management suggested the Board review some other communities standards so they can determine what violations will be sent. Also, once the Board adopts some standards, they can publicize them to all residents so they will be aware of what will cause violation letters from the Association.

NEXT BOARD MEETING

The next meeting will be held on May 1st, 2003 at 7:00 p.m. at the home of Bill Smith.

ADJOURNMENT

Motion made by Gary to adjourn the meeting. Motion seconded by Gill, vote called, all in favor.

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