VILLA PORTOFINO BOARD OF DIRECTORS ANNUAL REPORT

FROM NOVEMBER 5TH 2017 TO NOVEMBER 5TH 2018

The Board of Directors of Villa Portofino West Hoa, elected on November 2nd.

2016, made all effort to make this community a better place to live, therefore

they have been developed a series of projects through this year such:

1. Started with a self-management system which has advantages like:

a) Significant saving in total Management Fees and better financial

management of annual approved budget.

For example: Estoppels, processing fees, application and

administration fees now are coming to the association.

We use to spent a lot in printing and postage. Now is much cheaper.

Having an in-house, full time Property Manager (personalized and

prompt services to the HOA residents, 3rd parties and vendors).

b) Property Manager and Bookkeeper working only for Villa Portofino West.

Property Manager is here every day answering phone calls, responding

emails, receiving residents to hear their concerns, receive payments,

send violations every week, activate transponders and make sure

every resident has one, process faster purchase and lease applications

(one week).

c) Office at the community (increased and improved supervision by the

BOD over the management of the community), check very close any

contractor that is working at the property and check the status of the

projects.

d) More payment options and more convenience by having a BB&T Bank

branch close by.

The owners that live here can pay direct at the office, go to the bank

in person because is really close or enroll in automatic payments.

e) Customize policies and procedures to satisfy specific needs of VPW HOA.

2. Installation of security cameras, phase two (cameras on the streets).

3. Cleaned Drainage.

4. Finished the lighting project.

5. Repaired all damaged pavers.

6. The community was pressure cleaned after finishing pavers project.

7. The fence was raised 6 feet high (which is the maximum allowed), to

prevent intruders from jumping into the community.

8. The grass that was destroyed by the hurricane Irma was replaced.

9. Every three months the new landscaping company is applying a treatment

to eliminate the weeds on the driveways. In few months all the driveways

will be clean and nice.

1. Christmas Decoration.

2. Christmas party for our kids.

3. Replace grass in many areas to make look our community nicer.

4. Install the rest of the cameras.