Financial Snapshot Month End 3-31-10

Assets (Checking/Savings): $196,046.04

A/R: $29,819.35

Budget Overage/Underage: $13,618.79 under budget

QUARTERLY HOA MEETING JUNE 3, 2010

The next Quarterly Meeting of The Greens HOA will take place on Thursday June 3, 2010 6:30pm at The Greens community pool. There are a number of important topics to be addressed; please make every effort to attend.

*Note, should it be raining heavily as of 4:30pm on the date of this meeting, please check our website (http://thegreensnewsletter.blogspot.com) for information as to the alternate location.

We look forward to seeing you at the meeting.

Landscaping

Dear Greens Residents:

A number of you have contacted us over the past few weeks regarding the condition of our landscaping, one of the most important features of the community. We are as concerned about the condition of the landscaping as you are.

The Association has taken measures to remedy the current condition which includes bringing in a new landscaping company beginning this week.

To that effect, the new contractor, Twin States Marketing will begin its service Monday morning April 26, 2010. This contractor has considerable experience with luxury developments (including St. Andrews, Woodfield Country Club, Polo Club and Mizner's Preserve) and comes highly recommended.

Turf cuts, hedge and bush trimming, mulching, as well as major tree trimming will occur in the coming two weeks. There will likely be quite a few trucks on the property from time to time, so please keep an eye out for our progress. Once the major work is done over the next two weeks, we will address weeds and fertilization with a weed and feed program to remove the weeds from the lawns and fertilize the vegetation. It will take some time to address all of the weed issues, as they have become quite pervasive, but this will be a major focus of the program.

Please note that the decision to replace our longtime landscape vendors was not easy and before making the decision to switch vendors, Management, in detail, outlined the issues which required immediate remedying. Unfortunately, the conditions did not improve over a sixty (60) day period, and as a result it was recommended and determined that bringing in the new contractor had become necessary. Notwithstanding, we part ways on amicable terms and would like to thank them for their years of service to the community.

We are working diligently to enhance the appearance of our community and are confident that you will see positive results over the coming months. Thank you in advance for your understanding in this matter.

Sincerely, The Greens Board of Directors

Gates to the Greens Pool

Dear Greens Resident,

When utilizing the pool area, you are reminded to close the pool gates behind you. Recently we have found that the pool gates have been left left open both when people are using the pool and when the pool area is vacant. Leaving the pool area gates open at any time opens up the community to all kinds of potential liability not to mention that it makes us more susceptible to a tragic accident such as a young child wandering on to the pool deck and falling into the pool. Effective immediately, the Association will take action against any resident or visitor found to be leaving the pool gates open, including fines, loss of pool usage privileges and referral to outside counsel for further action. Thank you in advance for your understanding and anticipated cooperation.

Sincerely,

The Greens Board of Directors

Maintenance Payments

Dear Residents,

As you are aware, we have recently changed management companies. Per our previous notices, you should no longer be making payments to the previous management company.

Your payment options are as follows:

1) Return your coupon with your check to the address listed on the coupon or 2) Request an automatic withdrawal (ACH) form from the manager, or fill out the one previously sent to you and return it to the management office at:

2101 Corporate Blvd. NW

Suite 317

Boca Raton, FL 33431

Due to the transition and possible confusion, late fees will be waived for the month of March only. The late fee policy remains in effect and will resume for the April payment.

If you have not received your coupon book or have any questions, please contact Andrew Ginsburg at 305-766-8415, or email him at manager@demamgt.com

DEMA CONTACT INFORMATION

Down East Management Associates, LLC

2101 N.W. Corporate Blvd., Suite 317

Boca Raton, FL 33431

Tel: (305) 766-8415

E-Mail: manager@demamgt.com

ACH Debit for Maintenance Payments Now Available

Dear Greens Resident:

As you know, as of March 1, 2010 Down East Management Associates (DEMA) is our new property management firm.

For those of you who are interested in ACH Debit in order to make your monthly payments to the Association, we recently emailed DEMA's ACH Debit Authorization Form which you will need to complete and return to DEMA so as to be able to participate in the program. If you have not received the form and are interested in the program, please email us at thegreensnewsletter@gmail.com

Additionally, for those of you who have prepaid your March (or future) maintenance to Prime prior to the transition, DEMA will be aware of this. If you recently mailed your March payment to Prime, Prime will forward your payment to DEMA (if this is the case, please let us know so that we may track same with Prime and DEMA).

Thank you for your anticipated cooperation during this transition period.

Sincerely,

The Greens Board of Directors