BRISTOL LAKES HOMEOWNER'S ASSOCIATION, INC..

c/o Residential Management Concepts, Inc.
P.O. Box 97-0069
Boca Raton, FL 33497
(965) 956-9918 * (954) 956-9626 Fax

MINUTES OF THE BOARD OF DIRECTORS MEETING
BRISTOL LAKES HOMEOWNERS ASSOCIATION, INC.
HELD ON TUESDAY, APRIL 22, 2003, 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, April 22 2003, 7:00 P.M., at West Boynton Park

Those members present were Tom Houy, President, Joey Caballero, 1^st Vice President; Wayne August, Secretary and Pat Giombetti, Treasurer. Also present from Residential Management Concepts were Mike Reed and Maxine Sawyer.

Tom Houy called the meeting to order at 7:06 P.M.

MINUTES

Pat Giombetti moved to approve the minutes of March 27 , 2003 as presented, seconded by Wayne August. All in favor. Motion carried.

FINANCIAL REPORT

As of April 22, 2003 the cash operating accounts total $14,406.39, the cash replacement account is $7,891.96 for a total cash status of $23,800.53. The Association is $5,300.00 over budget at this time.

The Executive Committee will meet within the next few weeks to formulate the budget for July through December. Approval of the budget will take place at the May meeting.

PROPERTY REPORT

Tom Houy presented the Board with POA information packet including the financials.

Mike Reed reviewed a letter the Association received complaining about a neighbor?s loud pool equipment. He met with the homeowner who then contacted Code Enforcement. The problem has been resolved.

Executive Committee

The Executive Committee met and interviewed three candidates for the Board vacancy. The Board unanimously appointed Joe Ernsteen to fill the vacant Board position.

Pat Giombetti resigned as Treasurer of the Board of Directors. Tom Houy nominated Pat Giombetti as Vice President of the Board, seconded by Joey Caballero. All in favor. Motion carried. Joey Caballero nominated Joe Ernsteen to the position of Treasurer, seconded by Pat Giombetti. All in favor. Motion carried.

A meeting was held with Mark Welch of M/I Homes to go through the issues Bristol Lakes has with the developer. Joey Caballero will be meeting with M/I Homes every Friday morning to insure that they are correcting the issues. M/I has completed approximately 50% of the issues to date. M/I has not yet paid the Association any of the money owed to Bristol Lakes because of an issue involving A Special Touch Landscape, which reduces the money, owed by M/I.

It seems that M/I and Bristol Lakes were both billed for mulch and landscaping done to the community that was installed last summer. Since M/I Homes ordered it and paid approximately $15,938 for the mulch, the amount M/I Homes owes to the Association has been reduced to $24,023.22. The Association will have to get the overpayment of the mulch back from A Special Touch Landscape. The Association issued a stop payment on an outstanding check to A Special Touch Landscape for $8,900 and the association still owes over $22K but there is also the outstanding issue of dead plants from back in July.

Joey Caballero reported that M/I Homes has been very cooperative. Some of the issues to be worked out are the paving/sealcoating of the roads, the irrigation system and the Gates. M/I/ Homes is also considering filling in the landscape gaps in the perimeter wall. Joey Caballero would also like M/I Homes to pressure clean the sidewalks and curbs at the entrance of the community.

David Teller is working with Southeastern Irrigation to get estimates for an electronic controller on the west side and for long line distribution. These estimates will be presented to M/I Homes.

Social Committee

Pat Giombetti reported that about sixty people will be attending the picnic on Saturday, April 26, 2003. The next community dinner will be held on May 16, 2003 at Macaroni Grill. The Easter egg hunt was a great success.

OLD BUSINESS

A discussion ensued about a resident of Bristol Lakes who has a pit bull/pit bull terrier mix.

The Association?s attorney has written the resident a letter but it is not known at this time if the resident has responded to the attorney. The Board decided that the attorney should proceed with removing the dog from the property.

The Board reviewed the proposed survey that will be sent to all residents asking them to prioritize projects. Pat Giombetti will revise and give it to the other Board members this week for review.

It should be distributed to all homeowners soon.

A discussion ensued as to who is responsible for cleaning sidewalks. It is not clear but the board believes that our documents indicate the Association should be responsible for the cleaning of the sidewalks. After verifying responsibility and because the cost of cleaning is about $6,000, the board will organize a community cleaning event. (see comments later in the meeting for details)

Joe Ernsteen moved to ratify the purchase of security cameras for the entrance gates at a cost of $5,758.98, seconded by Joey Caballero. All in favor. Motion carried. The purchase of the security cameras is to protect the investment of the entrance gates.

NEW BUSINESS

At the last meeting, several homeowners complained about bikes being chained to our front gates. The Board discussed purchasing a bike rack. Mike Reed, Joey Caballero and Tom Houy are to look at the area on the east side of the community where a rack may be placed keeping bikes out of plain view. If there is room for it one can be ordered.

Pat Giombetti commented that there are a number of homes for sale throughout the community. If residents decide to rent their homes instead of selling, according to HOA rules, the Board of Directors must approve any potential renters. The homeowner must submit a request to the Secretary of the HOA.

A discussion ensued about pressure cleaning of the sidewalks and gutters within the community. Joey Caballero got a proposal for $30.00 per home to clean the sidewalks and would like to see this built into the 2004 budget. Joey Caballero would like homeowners to voluntarily

clean their own sidewalks until such time that the Association has the funds to do it.

RMC will provide the Executive Committee with the Association?s costs through April and the projected expenses for the balance of the year in order to facilitate forming the budget for July through December.

There being no further business before the Board, Pat Giombetti moved to adjourn the meeting, seconded by Wayne August. All in favor. Motion carried. Meeting adjourned at 8:42 P.M.