Hidden Hammocks Estates Homeowners Association

Coral Springs, Florida

BOARD OF DIRECTORS MEETING

March 31, 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 6:04 p.m. by Dan Rothenberger.

The minutes from the Board of Directors meeting held February 24, 2003 were reviewed and approved.

The board heard from Bob Anderson a representative from Prestige Security regarding the front gate rule and procedures. The board sighted several breaches in security that has been occurring over the past months. Bob Anderson assures the board that all problems shall be addressed.

Dan Rothenberger read his Presidents report briefly stating some of his concerns and views for our community as well as mentioning 3 or 4 new residence that have moved in to our community.

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 $5320.00 outstanding/delinquent with $52,589.00 in our operating account. Tom Base also put on the record that he is expecting an increase in our quarterly dues to begin next year based on, but not limited to, increases in insurance.

Our property manager notified the board of over 100 letters going out for maintenance issues on residence properties.

The board is currently reviewing bids for speed bump repairs, model row street repairs and the converting of our city water sprinkler system to a well water system.

With no further business the meeting was adjourned at 8:35 p.m.