Hidden Hammocks Estates Homeowners Association

Coral Springs, Florida

BOARD OF DIRECTORS MEETING

January 27, 2003

Benchmark Property Management Co.

7932 Wiles Road, Coral Springs, Florida

Present: Dan Rothenberger – President

Tom Base – Treasurer

Jay Nelson – Secretary

Melissa L. Henann – Benchmark Property Mgmt.

The meeting was called to order at 6:10 p.m. by Dan Rothenberger.

The minutes from the Board of Directors meeting held December 2002 were not approved or resolved

Dan Rothenberger read his Presidents report briefly stating some of his concerns and views for our community, including commercial vehicles needing to be marked while working in our neighborhood and landscaping issues.

Tom Base read his Treasurers report stating our cash on hand, reserves at Amtrust Bank, late fees, pre-paid assessments, past due assessments and future financial projects. At the time of our meeting we currently had $11,600.00 outstanding. Tom also noted that our current budget included $5000.00 per year in contributions to the road reserve for future repairs.

Melissa Henann, our assigned property manager, noted that 47 letters went out to residence regarding roof cleaning and landscape issues.

Tom motioned to enter a resolution to waive late fees on two delinquencies based on bank errors. This motion was seconded by Jay with all in favor.

The Board discussed the Kinsella house. As of the meeting very little work had commenced and the 90 day dead line would be coming due before the next scheduled board meeting.

The Board discussed the issue of transponders for the front gate and reviewed quotes. We decided to interview the companies to help us make a more informed decision.

The Board heard several complaints regarding violations of our H.O.A. rules and it was decided to have Melissa Henann send letters to the individual homeowners.

With no further business the meeting was adjourned at 8:15 p.m.