MINUTES OF THE BOARD OF DIRECTORS MEETING

BRISTOL LAKES HOMEOWNERS ASSOCIATION, INC.

HELD ON TUESDAY, DECEMBER 17, 2002, 7:00 P.M.,

WEST BOYNTON PARK

A meeting of the Board of Directors of the Bristol Lakes Homeowners Association, Inc. was held on Tuesday, December 17, 2002, 6:00 P.M., at West Boynton Park

Those members present were Tom Houy, President; Howard Kanter, Vice President; Joey Caballero, 1^st Vice President; and Pat Giombetti, Treasurer, Wayne August, Secretary arrived at 6:17 P.M. Also present were Mike Reed and Maxine Sawyer from Residential Management Concepts.

Tom Houy called the meeting to order at 6:08 P.M.

The Board opened the meeting for discussion with members of the community for five minutes.

MINUTES

Howard Kanter moved to approve the minutes of November 14, 2002 as presented, seconded by Joey Caballero. All in favor.

FINANCIAL

As of November 30, 2002, the Association?s accounts total $5,727.00. Mike Reed stated that the delinquency report may not be accurate as First Southern Bank will not release any information until they receive a letter from the Association board stating that Residential Management is the new management company.

Mike Reed reported that the Association is currently operating at a deficit of $21,000 as of November 30, 2002 and that deficit will probably be $25,000 at the end of 2002.

Additionally, CAS has not paid the Association?s vendors since August

Tom Houy reported once we settle with M/I that they owe the Association about $39,000. The 2001 tax report and audit, signed at the September meeting, states that M/I owes close to $18,000 which is on the books and not counted in the $21,000 deficit Mike reported bring the actual current shortfall to $39,000. The transition audit assures the Association that they are owed about a total of $39,000 which the Association would like to collect now to help the cash flow. Mike Reed suggested that the Association engage Becker & Poliakoff and have them write a demand letter written to M/I.

Mike Reed presented a few options for covering the deficit and making some improvements to the community:

1. Special assess for $300 per household to cover deficit
2. Special assess for special projects
3. Get a loan from the bank for special projects and to cover the deficit

Tom Houy moved to have Mike Reed research the options for a bank loan, seconded by Pat Giombetti. All in favor.

Tom Houy motioned to retain the law firm of Becker & Poliakoff, seconded by Wayne August. All in favor except Howard Kanter who was opposed. Motion passed.

RMC is to contact Becker & Poliakoff and have them write a letter to M/I asking for the payment of $17,974.60 due the Association as of 12/31/01 plus interest.

The Board signed the Kislak Bank signature cards for the new bank account.

Tom Houy moved to engage Feldman & Feldman to do the year end financials, seconded by Pat Giombetti. All in favor.

Mike Reed explained the proposed collection procedures (attached). Howard Kanter moved to accept the proposed procedures and to engage Collectol as the collection agency, seconded by Tom Houy. All in favor.

IRRIGATION PROPOSAL

Mike Perkins of Irrigation Design made a detailed presentation of the services he offers. His company does forensic assessment of irrigation systems and also designs new systems. He recommends retaining Southeastern Irrigation to do the Association?s irrigation maintenance and repairs. His initial opinion is that the pump stations are substandard. However, he will make a detailed evaluation of the entire system at the January meeting.

COMMITTEE STATUS

SECURITY

Kevin Hutchins, chairman of the Security Committee, reported that the Security Committee has met. They formulated three levels of security that they would like to see addressed.

1. Perimeter Security - Fence top to wall, ficus hedge, bougainvillea planting, missing fence at front gates
2. Entrance Control (Unmanned) - Arm barriers, camera surveillance, curb barrier between lanes
3. Entrance Control (Manned)

An explanation of each level of security was given as well as the projected costs. Crime statistics for the area of community will be obtained and will presented at next month?s meeting. A discussion ensued about the security of the community. Joey Caballero suggested filling in the gaps in the landscaping around the wall to create a dense hedge.

The Chairmen of the ARB and Compliance Committees will put together an outline of committee responsibilities in the near future.

OLD BUSINESS

The Board reviewed three landscape proposals, Landscape Techniques, Grass Roots and MMC.

After much discussion about the proposals Tom Houy moved to accept the proposal of Landscape Techniques subject to their lowering their proposal to $183,000 which includes fertilization. Motion seconded by Wayne August. All in favor.

Landscape Techniques is to make an evaluation of the community and identify areas that were destroyed by Special Touch Landscaping as well as the replacement cost so that amount will be deducted from the final payment to Special Touch.

RMC is to send cancellation notices to A Special Touch and TruGreen ChemLawn as soon as possible.

Mike Reed explained the proposed violation procedures (attached). He will be doing deed rides throughout the year and residents will be getting violation notices followed by fines if the violations are not corrected within thirty days. Joey Caballero moved to accept the proposed violation procedure, seconded by Tom Houy. All in favor.

The lighting at the front entrance way and guard house will be added to other proposals that will be presented to the community in January.

The Board decided to purchase a 36" x 48" bulletin board to be placed on the exit side of the

guard house. A new mailbox will also be purchased to be put under the bulletin board.

Numerous signs are missing from the front entrance area. RMC is to order replacement signs.

NEW BUSINESS

Tom Houy explained that the Association?s documents allow for the creation of an Executive Committee to help run the day to day matters of the community. It allows the Committee to have workshops but does not allow the Committee to make decisions in the workshops. Howard Kanter moved to create an Executive Committee whose members will be the members of the Board of Directors, seconded by Wayne August. All in favor.

M/I is trying to sell the home on Lot 35 and claims they are not running a sales office from the old sales home. The former sales office is to be gutted and will be restored to a home. The new owner?s are scheduled to take ownership on February 13, 2003.

Because of one statement in our Association?s Documents (CAS missed when informing the board that the next election should be January 2004) requires that we have a board election at the 2003 Annual Meeting. The Annual Meeting must be held in January, February or March of each year, but no later that March 31. Because of the time required for an election, Joey Caballero moved to have the Annual Meeting in March instead of January, seconded by Wayne August. All in favor.

Mike Reed will attempt to get a representative of Kislak Bank to meet with the Executive Committee regarding a loan to the Association.

There being no further business before the Board, the meeting was adjourned at 10:05 P.M.