GENTRY PARK HOMEOWNERS ASSOCIATION
SPECIAL MEETING
OCTOBER 9, 2007

Call to Order:

Upon proper notice sent out by Boyle Management, a special meeting of the Gentry Park Home Owners Board (the Board) was held on Oct 9th, 2006 @ 6:30 pm; called to order by Ron Seals, President. The purpose of the meeting was two-fold. First, was to meet with Mark Jacobson from Newland Communities to discuss the status and options for our irrigation situation and the second was to meet with Jim Boyle of Boyle Management to discuss a proposed budget for Gentry Park for the year of 2007.

Attendance: The following board members, being a majority of the Board and meeting the requirements of quorum set forth in the bylaws, were in attendance:

o Ron Seals
o Al Kiczula
o Rob Edwards

The following parties were also in attendance:
o Curtis Bourque
o Joe Bordonaro
o Jim & Karen Stueve
o Sandra McCoy
o Tiffany Enger
o Leanne Garman
o Dave Garcia
o Jeff & Dawn Bracey

In the absence of Patty Kenny, the Gentry Park HOA Board Meeting Minutes were taken by Rob Edwards.

6:30 Meeting with Mark Jacobson from Newland Communities

Mark gave a recap of his understanding regarding our irrigation situation, and after some clarification 2 viable options: 1) stay hooked up to Orange County's potable drinking water (which is our current temporary situation) or 2) hook back into the CDD water, but it is evident that we need to find a permanent solution.

If we decide to keep things the way they are now, we can hook into CDD to water the common areas (which are owned by Newland) but would have to shut off the sprinkler heads on the individual lots. That would mean individual homeowners would be responsible for watering their own strip of grass. If CDD continues to own the common area, they would pass on an assessment to GPHOA to cover maintenance costs and taxes. If GPHOA took over ownership, we would be responsible for these costs. So one point of concern is the tax burden we'd incur. Al questioned whether we were inheriting headaches for a situation that should have been properly maintained from the beginning.

Mark pointed out that the advantage to GPHOA owning the common areas would be that we could make decisions regarding the maintenance, like what company would we could use and what would be responsible for.

If ownership stays with the CDD, we would end up with 2 lawn maintenance contracts, 1 for the common areas and 1 for the private areas in front of the buildings.

Mark suggested that he check with the DEP and make sure there is no issue between them and the county regarding us hooking up to CDD lines. If there is no problem there, then we could put the meter back on their line.

Mark also said he would have their lawyers check on the tax situation but suggested we both have our lawyers check into this.

Mark will also propose allowing us to hook up to CDD again.

We, GPHOA, need to discuss whether we want to leave the common areas under CDD ownership or take it over ourselves.

Al also questioned whether Mark could persuade to kick in any part of the sod replacement. Mark said he would propose that as well.

7:00 Meeting with Jim Boyle of Boyle Management

Because the Board hadn't been provided a copy of the proposed budget prior to the meeting to review, Ron proposed that we just go over the budget for clarification.

Jim Boyle stated that the budget wouldn't change much overall except in the areas of insurance and the reserves set up for road and alley maintenance, should we decide to take them over as well. He didn't see the budget increasing more than 15% over the 2006 budget, in which case, we would need to get homeowners approval if it exceeded the 15% guideline. He also said that the landscaping would not increase. Another concern would be the water situation. But, overall, he thought the homeowners assessments would stay around the $93 level.

There was some discussion regarding what the management company's responsibilities were and, basically, it boils down to what the homeowners and homeowner association is willing to pay for. The management company is to provide general maintenance for the property, is to have a property manager assigned to us, and the PM is to visit our location at least twice a month. They are also responsible for the collection of the assessments owed and to disburse funds as required. The Board meets to discuss issues and decides a course of action that they want the management company to pursue, for example, the water situation. It was pointed out that the members of the Board are not paid so we rely on the management company to manage the property in a manner consistent with our recommendations. It is the homeowners responsibility to contact the management company if there are issues regarding the property, like streetlights broken or out, or any conditions that might pose a danger to the residents.

At this point, there was a suggestion that we just gloss over the copies of the budget we were given because the figures weren't firm. Jim agreed to email the board members a spreadsheet of the old budget and the proposed new budget by Wednesday. He also stated that he would not be able to make it to the Board meeting on Monday, October 23rd but would be available on Tuesday, October 24th, so we agreed to meet on the 24th.

There was a question regarding whether the landscaper was going to do anything abut the trees. Jim said that it was standard practice to trim the trees in October.

Because this was not a regularly scheduled Board Meeting, no other Board business was discussed.

Respectfully Submitted,

Rob Edwards