THE VILLAS AT SHADOW BAY CONDOMINIUM ASSOCIATION, INC.

BOARD OF DIRECTORS’MEETING

January06, 2011, 7:00 PM

SBC Office Center

Conference Room

Kissimmee, FL 34741

MINUTES

Quorum: A quorum of the directors was established with the presence of President, Rosie Furtado, Director, Fred Lewis, and Director, Josette Delaine by telephone. Also, present from DWD Professional Management was William C. Webb.

Call to Order: Rosie Furtadocalled the meeting to order at 4:45 PM.

  1. Previous Minutes: Previous two meetings’ minutes (August18, 2010 and December 01, 2010) approval motioned by Rosie Furtado, seconded by Fred Lewis; Approval of minutes (3-0).
  1. Proof of Notice: Notice was posted at the community pool.
  1. Manager’s Report:
  1. Update on Financials: William C. Webb presented the financials to the Board for the review.
  1. Update on Work Completed: William C. Webb presented the work order list to the Board for the review.
  1. Discussion of New Contracts for 2011: Discussed all upcoming needs for the 2011 Fiscal Year. No new contracts were presented at this time, and the Board does not want to initiate any new services at this time.
  1. New Business:
  1. Discussion of Situation Concerning Board Position: The Board had an open discussion concerning a Board Member who had fallen more than 3 months behind on his dues, in violation of FS 718.112(n).
  2. Vote on Removal of Board Member: After a lengthy discussion of the situation concerning the Board Member in arrears, a motion was made by Josette Delaine to remove the Member from the Board of Directors. Motion was seconded by Rosie Furtado; all in accordance (3-0).
  3. Appointment of New Board Member: A motion was made by Josette Delaine to appoint Pat Sobotka as a Member of the Board of Directors. Motion was seconded by Rosie Furtado; all in accordance (3-0).
  1. Old Business: N/A
  1. Open Forum:

Adjournment– Adjournment of the meeting motioned by Rosie Furtado, seconded by Fred Lewis; all in accordance (3-0). The meeting was adjourned at 6:00 PM. The next meeting is scheduled for March16, 2011.

Minutes Approved By:______