Address and Telephone Number for Property Management Firm

Down East Management Associates
2400 NE 2nd Avenue, Studio D
Miami, FL 33137
Phone: 305.514.0514
Fax: 305.572.7057

Email: manager@demamgt.com

FY 2012 Budget Meeting & Quarterly Meeting - Saturday November 19, 2011

A reminder that the FY 2012 Budget Meeting and a Greens Quarterly HOA Meeting will take place on Saturday November 19, 2011 9am, poolside.

All residents have been provided a DRAFT 2012 budget through the US Mail. Should you have any comments or suggestions with respect to the proposed budget, please provide them in writing via e-mail to thegreensnewsletter@gmail.com before close of business Tuesday November 15, 2011.

The Board will review any comments, make modifications if necessary, and present a final FY2012 Budget for discussion and adoption at the Budget Meeting scheduled for November 19, 2011.

Financial Snapshot Month End 10-31-11

Assets (Checking/Savings): $85,942

A/R: $44,107

Budget Overage/Underage: $10,358 under budget to date for FY 2011

Financial Snapshot Month End 9-30-11

Assets (Checking/Savings): $89,366

A/R: $34,328

Budget Overage/Underage: $639 under budget to date for FY 2011

Financial Snapshot Month End 8-31-11

Assets (Checking/Savings): $88,217

A/R: $36,489

Budget Overage/Underage: $1773 over budget to date for FY 2011

Financial Snapshot Month End 7-31-11

Assets (Checking/Savings): $119,034

A/R: $43,448

Budget Overage/Underage: $1374 under budget to date for FY 2011

Financial Snapshot Month End 6-30-11

Assets (Checking/Savings): $151,295

A/R: $44,285

Budget Overage/Underage: $2107 over budget to date for FY 2011

Financial Snapshot Month End 5-31-11

Assets (Checking/Savings): $205,019

A/R: $45,749

Budget Overage/Underage: $5584 under budget to date for FY 2011

Financial Snapshot Month End 4-30-11

Assets (Checking/Savings): $210,055

A/R: $48,650

Budget Overage/Underage: $3617 under budget to date for FY 2011

Financial Snapshot Month End 3-31-11

Financial Snapshot Month End 3-31-11

Assets (Checking/Savings): $204,294

A/R: $43,865

Budget Overage/Underage: $2902 under budget to date for FY 2011

Quarterly HOA Meeting Wednesday 6/1/11 6:30pm

Please take note that the next quarterly meeting of the Boca Golf & Tennis Townhomes HOA ("The Greens") will be held on Wednesday 6/1/11 at 6:30pm at The Greens Community Pool (rain location Boca Country Club Main Clubhouse by Front Gate).

Important Community Update

May 2011

Dear Unit Owner:

We would like to take a moment to update you on some items concerning our community.

2011 Annual Meeting

In March, The Greens held its annual meeting of the membership for the purpose of electing a Board for the next year. A small number of residents were in attendance and others “attended” via proxy. The meeting was conducted by our Property Manager, Andrew Ginsburg, owner of DEMA. At the meeting, nominations were taken from the floor and the prior Board of Directors was reelected to their current positions. The names and offices held for 2011 are: Bradley Schnur, President; Tim Fox, Vice President, Joe Piechocki, Treasurer; Kathy Coughlin, Secretary; Joan Faunce, Board Member. These officers will remain in place until the next annual meeting in 2012.

Following the election portion of the meeting the Board opened the floor for unit owner questions which continued for approximately 40 minutes.

The minutes from the annual meeting will be reviewed and approved at the next quarterly meeting of the Board tentatively scheduled for June 1, 2011 and will be placed on the Greens blog (http://thegreensnewsletter.blogspot.com) for all to see.

Preview and Announcement of Upcoming Exterior Renovations to the Greens Complex

The Board has been working through our property manager to assess the current condition of the exterior of all buildings including roofs, vents, standardization of exterior lighting, standardization of exterior unit appearance, condition of stucco, driveways and walkways, plus storm drains in the roadway and the roads themselves.

The Board has reviewed various proposals, conducted walk-arounds with our property manager and contractors and considered the development of a plan to systematically address each of the items mentioned above over the next three to four months.

In late April 2011 repair work commenced on the Greens roadways.

Beginning on or about May 18, 2011 work will begin to power wash roofs and buildings as a prelude to painting all units.

The color of the units will be maintained and no changes to the existing color palette is envisioned.

Before the end of May 2011, the painting work will commence by building, with each building’s repainting taking about one week. A formal initial schedule will be developed and disseminated to all unit owners in the next week or so by email, blog and USPS letter delivered to the official billing address on record. It should be noted that weather and general conditions can modify the schedule from time to time as with any construction/renovation project(s).

Specific components to the project, in the order of events, are detailed below:

Roadways (Storm Drains): Major repairs to the collars surround the street storms drains have commenced wherein removal of the existing material surrounding each drain was replaced with new material. Additionally, where necessary repairs were made to the asphalt on the general roadway within The Greens.

Roofs: The roofs will be power washed to remove accumulated grime, mold and dirt and should take on a new appearance after this process.

Gutter Cleaning: The gutters will be cleaned in conjunction with the remediation project.

Stucco: All stucco will be power washed prior to repainting to ensure adhesion of the new paint. Repairs to damaged stucco, corner braces and other elements will take place prior to repainting and will vary from unit to unit as required. The Board and contractor have walked the complex to identify the extent of the repairs required. During the painting process all exterior hose reels will be removed from the front of the units in order to move the community back towards a more uniform look.

Painting: Painting of each building will take about one week including lanais. All non-glassed enclosed lanai will be painted the standard and approved exterior building color. Residents will be notified of the date(s) scheduled for their particular building ahead of time so that access to these areas can be coordinated to allow for power washing and repainting so that you remove all personal belongings from the work area(s).

Driveways and Walkways: Will be repainted to original and approved colors after the building painting project is complete.

Streets and Storm Drains: The streets and drain areas will be seal coated at the completion of all projects to provide a uniform and contemporary appearance.

Exterior lighting: In connection with the above work, standardized Exterior light fixtures will be required for all units whereas there are now some twenty plus variations that have been put in place over the years.

As a part of the above processes, the Board is also reviewing the Greens existing rules and regulations booklet to update it and ensure that these major improvements are supported and adhered to allow the best possible long term appearance of our community and preserve the value of each unit. These revised rules which will be published shortly, will also address contractor work within the community whereas recently we have encountered work that has left adjoining units with driveway damage and construction debris and other materials being washed down streets leaving residue that cannot be washed away.

Finally, this communication is merely an initial summary and overview of what is contemplated and more detail will be posted in the glass announcement boxes, published on our blog (http://thegreensnewsletter.blogspot.com), mailed and emailed as we approach each event. It is imperative that we have your current e-mail address and telephone number on file. Please take a moment to update your contact information by sending an e-mail to thegreensnewsletter@gmail.com or by fax to 1-636-707-3908. General questions can certainly be forwarded to Andrew Ginsburg, Property Manager at DEMA via email (manager@demamgt.com with a copy to (thegreensnewsletter@gmail.com) or by calling 305-766-8415.

The Board does not anticipate a special assessment will needed for this required work at this time whereas the Board has managed the budget over the last few years to accumulate a reserve fund to pay for the projects listed above. Notwithstanding, the Board reserves the right to issue a special assessment should unforeseen conditions be found during the projects which exceed the funds budgeted. At that time, the Board may elect to assess the community or particular building(s), as needed.

We ask that everyone be patient during this process, again envisioned to be about 12 to 16 weeks in length. It is a process we need to go through every six years or so and is a fact of life in any community in South Florida.

Thank you in advance for your cooperation and support.

Sincerely,

The Greens HOA Board & DEMA Management

Road Repairs to Commence April 21, 2011

NOTICE

To: All Greens Residents

Date: APRIL 19, 2011

As a part of the upcoming community repair and improvement program, contractors will commence concrete and asphalt repairs beginning this week which we anticipate being completed next week. Additional notices will follow regarding the scope and timing of the additional improvement projects that will commence in the near future.

The initial road repair program will occur this and next week and will be comprised of

1) Storm Drain Collar Replacement and 2) Asphalt Repairs:

Storm Drain Collar Replacement

a. The badly damaged concrete collars surrounding the storm drains in the community will be removed and replaced.

b. This work will Commence Thursday, April 21, 2011, and will be completed the same day.

c. The areas will be roped off with construction tape, cones and barricades while the concrete cures for twenty-four (24) hours following construction. Access should not be impeded to the community or driveways.

d. Please take extra care not to hit the cones or barricades and do not remove same as it is critical that the concrete is able to cure correctly, otherwise the Association will incur additional expense to repair this work.

Asphalt Repairs

a. There are areas of degraded asphalt throughout the community. These areas will be removed and patched with new asphalt.

b. This work will commence Wednesday, April 27, 2011 or Thursday, April 28, 2011 and will take approximately two (2) days to complete.

c. There will be minimal impact to access and traffic while the repairs are being conducted.

d. The new asphalt will be ready for traffic the same day it is installed.

Seal Coating will commence at a later date.

If you have any questions, or concerns, please don’t hesitate to contact Andrew at manager@demamgt.com, or 305-766-8415.

Where to Make Payments of Common Charges

A reminder that payment of common charges are due on the 1st day of each month.

For your convenience, common charges can be paid in two ways:

To the Lock-Box: The Greens c/o Down East Management Associates, PO Box 166368, Miami, FL 3316-6368. Please note that this is the lock-box only, no regular mail should be sent here.

In Person: 1800 N.W. Corporate Blvd. Suite 303, Boca Raton, FL 33431. (Your envelope must be clearly marked Attn: DEMA Re: The Greens).

Thank you.

Greens Annual Meeting 3-31-11

The Annual Meeting of the members of the Boca Golf & Tennis Townhomes Homeowners' Association, Inc. will be held on March 31, 2011 6:00pm at 1800 N.W. Corporate Blvd., Suite 303 Boca Raton, Florida.

Financial Snapshot Month End 2-28-11

Assets (Checking/Savings): $191,566

A/R: $43,361

Budget Overage/Underage: $492 over budget to date for FY 2011

Financial Snapshot Month End 1-31-11

Assets (Checking/Savings): $196,265

A/R: $38,885

Budget Overage/Underage: $222 over budget to date for FY 2011

Greens HOA Quarterly Meeting Tuesday 2/15/11 6:30pm

Please take note that the next quarterly meeting of the Boca Golf & Tennis Townhomes HOA ("The Greens") will be held on Tuesday 2/15/11 6:30pm at unit 17046-6 Boca Club Blvd. in The Greens. Please bring your own chair(s) (e.g. folding chairs) as the meeting will be held in this vacant unit which the HOA currently holds title to.

Maintenance & Roof Loan Payments

You are reminded that maintenance and roof loan payments are due on the first day of each month.

Payments may be made by mailing the payment to the address on the DEMA Coupons, mailing a check to DEMA's accounting department (address below) or by participating in the ACH program (details below).

Any payments not received by the 10th of the month incur a late charge. Any payments not received within thirty (30) days will be referred for collections.

Thank you in advance for your anticipated cooperation with this matter.

To request an automatic withdrawal (ACH) form from DEMA, contact manager@demamgt.com or call (305) 766-8415. The mailing address for DEMA's accounting department is:

Down East Management Associates

1800 N.W. Corporate Blvd.

Suite 303

Boca Raton, FL 33431

Attn: The Greens @ Boca G&T - Accounting

Financial Snapshot Year-End 2010

Assets (Checking/Savings): $190,176

A/R: $38,116

Budget Overage/Underage: $10,759.46 under budget for FY 2010