GLENN LAKES HOMEOWNERS ASSOCIATION, INC.

HARMONY MANAGEMENT

4400 El Conquistador Pkwy.

Bradenton, FL 34210

(941) 758-9624

BOARD OF DIRECTORS MEETING

MINUTES

December 13, 2005

The meeting was called to order by President A. Angeli at 6:34 P.M.

IN ATTENDANCE: A. Angeli, R. Suszek, N. Perry, D. Bright and V. Schneider

UNIT OWNERS IN ATTENDANCE: 64

FOR PROPERTY MANAGEMENT: J. Hagerty

A Quorum was established.

PROOF OF NOTICE:

The meeting notice was posted in accordance with statutory requirements.

MEETING NOTIFICATION:

The Board unanimously approved a meeting notice policy that stipulates each Board meeting will be posted and a copy of the meeting agenda will be mailed to each owner at least five (5) days in advance of the meeting.  This was accomplished via a motion by D. Bright that was seconded by N. Perry.

FINANCIAL REPORT:

Treasurer N. Perry presented the November 30, 2005 financial report.  The asset balances as of that date were:

Operating:          $111,866.46

Reserves:           $  76,615.08

Other:               $    3,867.61

Total:                $192,349.15

The Board requested financial statement be submitted to the Board at least three (3) days in advance of the meeting. This was accomplished via a motion by N. Perry that was seconded by D. Bright.  The motion passed unanimously.

2006 PROPOSED BUDGET:

N. Perry presented the proposed 2006 budget that calls for a yearly fee of $400.00.  The budget was unanimously adopted as presented via a motion by N. Perry that was seconded by D. Bright.  The Board unanimously agreed to adopt a policy that all Board members approve invoices and expenses.

VOLUNTEER WORKERS:

The Board requested management obtain an opinion from the association’s attorney ensuring association volunteers are covered by the association’s liability insurance policy.

OTHER BOARD DECISIONS (Corrected Minutes)

A.         The Board voted to have an audit conducted.

B.         The Board unanimously agreed they will approve all contracts.

C.         The Board unanimously agreed not to have a Board member to serve on the Architecture Review Committee.

D.         Association funds should be invested in Certificate of Deposits to increase interest earned.

GENERAL DISCUSSION:

A.         Volunteers:

1.         An owner stated that the community should pull together not divide itself.

2.         An owner stated she felt other owners should not put letters or notices on owner’s mailboxes.

B.         Landscape Contract:

D. Bright wanted assurances that all common areas are covered by the landscape process.  He was assured that all the common property will be serviced.

C.         Communication:

Management was requested to maintain a log of phone calls, walk in or e-mail communications from association members and provide copies to the Board on a monthly basis.

D.         Landscape Problems:

1.         An owner reported an area between two lakes near his home has not been maintained.

2.         An area of dead cattails exist on the lake need to be addressed.

3.         An owner reported Oak trees on common grounds are growing low and impending traffic.  Management to handle.

E.         Traffic Problem:

An owner reported the intersection of 51^st Street and 50^th Avenue is too dark.  Additional lights are needed.

F.         Architecture Review Committee:

Committee members will be appointed at the next meeting.

No further business came before the Board and the meeting was adjourned via a motion by N. Perry at 8:15 P.M.

Respectfully submitted,

John A. Hagerty

Community Association Manager

JAH/kp