Hidden Hammocks Estates Homeowners Association

Coral Springs, Florida

BOARD OF DIRECTORS MEETING

February 24, 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 6:03 p.m. by Dan Rothenberger.

The minutes from the Board of Directors meeting held January 27, 2003 were reviewed and approved.

The board heard from Kirk Nelson a representative from National Parking and Access, Inc. regarding the front gate and transponder system that is being considered for our community.

Dan Rothenberger read his Presidents report briefly stating some of his concerns and views for our community, focusing on issues at the gate.

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 $5965.00 outstanding/delinquent.

Our property manager gave the board a bid to consider converting our city water irrigation system to a well system.

The Board heard from several residents offering their support to the board.

With no further business the meeting was adjourned at 8:30 p.m.