Call to Order: The meeting was called to order at 10:00 AM by Dan Langone, Vice President, at the Burnt Store Presbyterian Church.

Establish a Quorum: A quorum was established with the following present: Dan Langone, Al DiSessa, Linda Huber, and Jay Ward. Bob Toth was absent. Also present was Sherry Danko, Star Hospitality Management.

Notice of Meeting: The meeting notice was posted in accordance with the Association Bylaws and Florida Statute 720.

Disposal of Minutes: Jay Ward moved, and Linda Huber seconded to approve the November 13, 2007 Board meeting minutes. The motion carried.

President’s Report: No report.

Treasurer’s Report: Al DiSessa reported that November had an $838.23 surplus bringing the year-to-date surplus to $33,820.94. He also gave a cash analysis of the Association accounts and a reminder to owners of the $5.00 increase for monthly fees commencing 1/1/08. Lastly, Al Disessa suggested owners who might be selling their homes request a copy of the 2006 audit to provide to potential buyers.

Old Business:

Amenities Purchase Presentation: Bud Nelson began the presentation by asking owners to keep an open mind regarding the amenities purchase. He introduced Tary Kettle, President and management consultant from Master-Link, to the audience. Mr. Kettle gave an overview of what his firm can do to evaluate the amenities purchase and see it through to the actual purchase if that is the conclusion. Mr. Kettle gave some background of his company and experience in purchases of this nature. He advised owners the purchase would represent a lifestyle change and could breathe life into the amenities. A "Question and Answer" followed by the residents. Discussion included the following: mortgage and operating costs to the owners, method of paying, Master-Link fees: $25,000 to 2.5% of closing price if the sale goes through, additional costs for engineer, CPA, lawyer, and architect, Town Hall meeting to be held no later than 4/15, current status of other self-owned courses Mr. Kettle has handled, and Master-Link is available for golf course management at a cost of approximately $5,000 per month. Mr. Nelson also introduced representatives from Colonial Bank who gave a presentation on the process whereby they could loan money to the Association to purchase the amenities package. Currently, the bank could offer a 6.75% to 6.9% fixed mortgage. Colonial has made similar types of loans to other Associations. Inasmuch as Mr. Carney, Colonial Bank said he was not familiar with our documents; Linda Huber advised that at a July 17^th meeting with Attorney, Becker & Poliakoff the Board was advised our Association’s charter does not provide for owning and operating a public golf course and that a 2/3 affirmative resident vote would be required to approve the purchase, as well as financing would require a 2/3 positive vote of residents. Al DiSessa made some comments about providing alternative uses for owners who are not interested in the amenities themselves. Al DiSessa moved, and Jay Ward seconded to table further discussion until the January 2008 Board meeting. The motion carried.

ARC: Dan Langone presented two applications: 26370 Seminole Lakes Blvd. for a satellite dish and 26077 Seminole Lakes Blvd. for hurricane panels. Linda Huber moved, and Jay Ward seconded to approve both requests. The motion carried. Dan Langone made mention of the metal tile roof indicating that the Board approved it as the roof had the same appearance as a clay tile roof. He read the letter to the son of the owner indicating that the son’s letter was accepted as the ARC application for the new roof.

2007 Audit: Al DiSessa moved, and Linda Huber seconded to execute the engagement letter from the CPA for the 2007 audit. The motion carried.

Landscaping Proposal: Carol Larsen gave an overview of projects the committee has recently been working on. She indicated the area currently planted with poinsettias will be an annual garden with seasonal changes in flowers. Al DiSessa stated that in the interest of time for the Holiday season, he approved the mulch for the project without the Board’s knowledge. With this disclosure, Linda Huber moved and Jay Ward seconded to approve the $2,000-$2,500 for the mulch and plantings at the entrance. The motion carried. Carol Larsen presented a proposal to spend $3950 (including $500 from Jack Stephenson) for landscape improvements around the pool deck. Al DiSessa moved, and Jay Ward seconded to approve the purchase as part of the 2008 budget. Galen Price was given a copy of the proposal. He indicated he was concerned about the palms blocking the sunning areas. It was noted that the palms would be on wheels and could be moved. The motion carried.

Committee Reports: Due to the amenities presentation, there were no committee reports.

Management: Sherry Danko reported that only 2.0% of owners are delinquent in their monthly fees. Owners were reminded to contact Star when returning for the winter months so they are sure to receive association mailings in a timely manner. She also reported that eight AVOs had been submitted to Greenscapes this past month along with five work orders from Star. Responses received back from Greenscapes are shared with the applicable owners.

Next Meeting: Dan Langone reported that the next meeting will be Monday, January 14, 2008 at 10:00am at the Burnt Store Presbyterian Church.

Dan Langone announced that Tom Jackson, COPG Utilities Director, would speak at the January meeting. Kelly Carr, Tidwell Hospice, would speak at the February meeting.

There will be three director positions coming up for election in March, 2008.

One owner asked if there were any plans to seal coat the rest of the streets. Dan Langone said he would ask Bob Toth.

Adjournment: With no further business to come before the Board, Jay Ward moved, and Linda Huber seconded to adjourn. The motion carried. The meeting adjourned at 11:58 AM.

Submitted for Linda Huber, Secretary