SILVER RIDGE HOMEOWNER ASSOCIATION, INC.

BOARD OF DIRECTORS MEETING

FEBRUARY 2, 2000 -7:00 P.M.

LOCATED AT: ORANGE COUNTY LIBRARY, W. COLONIAL DRIVE, ORLANDO, FL 32818

MINUTES

CALL TO ORDER: THE MEETING WAS CALLED TO ORDER AT 7: 15 P.M. BY JOHNNY GREENE. PRESENT WERE: JOHNNY GREENE, ERIC OELSCHLAGER LINDA HARRELL BOARD OF DIRECTORS, SHAWN THORNTON FROM DON ASHER & ASSOCIATES, INC.

PROOF OF NOTICE: THE NOTICE OF THE MEETING WAS SENT TO ALL BOARD MEMBERS BY SHAWN THORNTON.

APPROVAL OF MINUTES FROM 11/30/99: LINDA MOTIONED TO DISPENSE WITH THE READING OF THE MINUTES AND APPROVE THEM AS SUBMITTED. ERIC SECONDED, ALL AGREED.

REPORTS:

MANAGEMENT -SHAWN THORNTON PRESENTED THIS SUMMARY TO THE BOARD MEMBERS PRESENT. AT THIS TIME, THE MATTER OF 2902 SILVER RIDGE WAS DISCUSSED.

ERIC STATED THAT AFTER REVIEW OF THE FILE, IT APPEARED THAT THE DOCUMENTATION SUPPORTS THE LEGAL CHARGES. LINDA MOTIONED TO DISAPPROVE THE REQUEST TO DROP THE LEGAL CHARGES AND JOHNNY STATED THAT HE WOULD ANSWER THE LETTER. ALL AGREED.

THE LEGAL DEMAND LETTERS THAT HAVE NOT BEEN COMPLIED WITH: 7493 BORDWINE, 2858 HICKORY CREEK, 7658 HAVENFORD, 2651 SILVER RIDGE WERE DISCUSSED. THE BOARD STATED THAT SINCE THE COST DEPOSITS WERE ALREADY FILED TO PROCEED WITH THE FILING THE SUITS ON THESE VIOLATIONS.

THE REMAINING 19 VIOLATIONS WERE DISCUSSED. LINDA MOTIONED TO HAVE ONE FINAL DEMAND LETTER GIVING THE HOMEOWNERS 10 DAYS OR THE MATTERS WILL BE TURNED OVER TO THE ATTORNEY FOR DEMAND LETTERS. ERIC SECONDED THE MOTION AND ALL AGREED.

ANNUAL MEETING -3/6/00 AT 7:00 P.M. AT THE OASIS COMMUNITY CHURCH. A NEWSLETTER BEFORE THE ANNUAL MEETING WILL COMPLETED. IT WAS DISCUSSED TO HAVE FOCUS COMMUNITY SERVICES POSSIBLY DO THE NEWSLETTER. THREE POSITIONS WILL BE OPEN FOR ELECTION AT THIS ANNUAL MEETING.

ADJOURNMENT: JOHNNY MOTIONED TO ADJOURN THE MEETING AT 8:45 P.M. AND ALL AGREED.

SUBMITTED BY:

SHAWN THORNTON, LCAM FOR THE BOARD OF DIRECTORS