Minutes of Board of Directors Meeting Silver Ridge Homeowner's Association Orange County Public Library, N. Hiawassee Rd. Orlando January 23, 2003 AD Tony Greene called the meeting to order at 19:09 on January 23, 2003 AD. The notice of the meeting (located at the Hiawassee library branch) was posted at the front entrance of the community 48 hours in advance to the meeting. In attendance were board members Tony Green, Matthew Steinhoff and Emily Pierson. Yvonne C. Sabater and was absent. Colman McKenna was also in attendance. Greene moved to accept the minutes. Pierson seconded. Motion carries. The board received the financial report as prepared by Penn First Management. There were no updates from the ACC. Sarah Steinhoff, Newsletter Editor, presented the board receipts for $327.57 from the fourth quarter mailing. She is still working on moving away from first class mailing and toward bulk mail. The next newsletter is scheduled for March 1, 2003. Greene presented the president's issues and action report to the board. Greene motioned that we accept the terms of the Penn First management agreement. This agreement will cover the next three years. Steinhoff seconded. Motion carries. Steinhoff motioned that we accept the bid by Richart Landscaping and Irrigation Company for maintaining our landscaping and retention ponds. Greene seconded. Motion carries. Steinhoff discussed the amendments to the Silver Ridge CC&Rs. The board would like to see a mailing about the amendments go out the first week of February along with the proxies. Greene will work with Penn First to get a sample of the mailing to the board the last week of January. Greene closed the meeting at 19:31.