The 2005 Annual Membership Meeting of the Lansbrook Master Association was held at the Lansbrook Golf Club, 4605 Village Center Drive, Palm Harbor, Florida. Called to order at 7:00 PM by President Ed VanScoy, who introduced himself, the other Board Members in attendance, Community Manager Barbara Mathews and Maintenance Superintendent Stu Hazard.

There were 1,177 homes represented through delegate attendance and proxies; quorum established. There were approximately 30 homeowners in attendance as well. Affidavit of Notice was presented by Barbara Mathews and made available for review.

Motion was made, seconded and approved to waive the reading of the 2004 Annual Meeting Minutes and accept them as submitted.

NEW BUSINESS:

Ms. Mathews explained that recent changes in Florida Statute 720 required that a community association with a budget of LMA's size have an audit performed, unless that requirement was waived at a properly covened meeting by a majority of the members present. Upon motion, and second, it was approved by a majority of the members present to waive the audit and have only the required tax returns prepared by an independent CPA.

Election of Directors: Pres. VanScoy explained that there were three positions to be filled for the 2005­/2006 board and five candidates nominated for those positions. Candidates present were introduced: Irv DeToro, Presidents Landing; Don Hatton, Fallbrook; Marvin Honig, Quail Lake; Edward Jozwiak, Juniiper Bay and Ed VanScoy, Ivy Ridge. Proxy ballots and ballots cast by delegates at the meeting were tabulated by Barbara Mathews with volunteer assistance. The results of the election were then announced, with the following candidates receiving the largest number of votes: Irv DeToro, Don Hatton and EdVanscoy.

Members' questions and input were received for approximately 25 minutes.

Barbara Mathews asked that all communities keep LMA updated on names and contact information of the board presidents and LMA delegates.

There being no further business, the meeting was adjourned at 8:00 PM.