MANAGER’S REPORT

10/20/08

Units for sale or for rent

#304 $415,000 being rented
#602 $449,000
#603 #439,000
#1105 rented
#1202 $449,000 in foreclosure…rented?
#1203 $429,900
#1303 $650,000
#1306 $669,000
#1505 $386,000 short sale
#1702 rented…foreclosure
#1801 vacant #1804 vacant
#1806 $739,000

Administrative

1. Federal and state payroll tax returns for 3rd Qtr. prepared and filed.

2. Fire extinguishers inspected, tagged and recharged where necessary. Next years 27 extinguishers will need replacement. Approximate cost is $1,000.

3. Health Department inspected the swimming pool and spa…passed. Inspector pointed out that the pool is not permitted for night operation and posted rules should reflect correct hours of operation or apply for after-dark operation.

4. New laws affecting condominiums were passed effective October 1, 2008. One of the new laws requires building inspections. “For condominiums greater that three stories in height, at least every five years, the board shall have the building inspected by an architect or engineer licensed to practice in Florida.”

5. Contacted the Direct TV provider. He will do another presentation, date and time to as yet be determined.

6. The Association has a contract with Joytel for internet access.

Building and Property

1. Water leak in supply line within unit #304 repaired by B & G Plumbing.

2. Extensive repairs to kitchen area in #606 damaged by clogged main drain back-up into unit.

3. B & G conducted video inspection of roof drain pipes. Sent findings to Pipe Tech for analysis.

4. Maintenance (Ron) sealed roof drain flanges and removed plant growth from around drain screens.

5. Lights within the garage on the east side were rewired to stay on all the time so as to provide additional illumination.