SARASOTA OFFICE:
  Argus Property Management, Inc.
  2477 Stickney Point Road
  Suite 118-A
  Sarasota, FL 34231
  941.927.6464 Phone
  941.927.6767 Fax
  info@argusmgmt.com

VENICE OFFICE:
  Argus of Venice
  Property Management, Inc.
  153 Center Road
  Venice, FL 34285
  941.408.7413 Phone
  941.408.7419 Fax
  info@argusmgmt.com

Management Proposal and Schedule of Services

Professional Community Association management services available to your Association through Argus Property Management, Inc.

1. BILLING FOR AND COLLECTION OF MAINTENANCE ASSESSMENTS/FEES:

a) Prepare and maintain collection of accounts and monies owed to the association, to include the institution of legal proceedings in the name of the Association, to collect such accounts and to enforce the rights of the Association as creditors of the Associations;

b) Deposit all fees collected in a timely basis in the appropriate account in accordance with the legal or lawful instructions of the Board, the Articles of Incorporation, and By-laws of the Association.

2. ACCOUNTS PAYABLE/CASH DISBURSEMENTS:

a) Establish and maintain the orderly payment of accounts payable, taxes, and other debts of the Association provided that Manager's responsibility under this section shall be limited to the exercise of good faith and reasonable diligence and care to apply the funds collected in the operation of the Association to its obligations in a timely and prudent manner.  Manager shall deposit in a bank or banks designated by the Board all funds received from the Association. All costs and expenses of the Association shall be paid out of the Association's appropriate bank accounts;

b) All Property Management personnel authorized to draw upon the Association's bank accounts shall be bonded or otherwise insured.

3. MONTHLY FINANCIAL STATEMENTS:

a) Maintain all books, records, charts of accounts, and other appropriate accounting systems consistent with generally accepted accounting principles as agreed to between Manager and Association;

b) Prepare and deliver to the Board unaudited monthly (quarterly) financial statements, including balance sheet, statements of operations, and such supplemental information as the Manager deems appropriate.

4. ASSISTANCE IN BUDGET PREPARATION:

a) Assist the Board in outlining a budget program of capital expenditures for the next fiscal year, which budget shall designate expenditure items as either mandatory or desirable;

b) Assist the Board in the preparation of an operating budget setting forth operating revenues, reserves, and expenses for the next fiscal year, which operating budget shall be in reasonable detail and shall contain an explanation of anticipated changes and/or any other factors differing significantly from the current year;

c) Assist the Board in the preparation of a projection of cash receipts and disbursements based upon the proposed capital expenditures and operating budget.

5. LEGAL LIAISON FOR THE BOARD:

a) Manager shall operate the Association in such a manner so as to:

1. Comply with all applicable federal, state, and local laws, rules and regulations, including state and local life and safety codes, relating to the Association;
2. Maintain all necessary licenses, permits, consents and approvals from all governmental agencies, which have jurisdiction over the operation of the Associations.

b) The Board shall provide such assistance as may be necessary to allow Manager to comply with all laws, rules, and regulations pertaining to Condominium and Homeowners Associations.

6. MEETINGS AND ADMINISTRATION OF CORPORATE RECORDS:

a) Upon the Board's request attend, annual meetings, and special meetings;

b) Prepare an agenda for each meeting;

c) Maintain record book of minutes. Such minutes to become part of the Association's Corporate Records;

d) Administer the current and archival records of the Association in accordance with Florida Statutes.

7. INSURANCE:

a) Prepare Association's insurance specifications in order to obtain competitive quotes from agents;

b) Prepare a quote comparison schedule for Board's review and approval;

c) Once insurance coverage is placed, Manager reviews new policies to make sure they correspond to original quotation;

d) Handle claims filed against Association's coverage and follow-up on outstanding settlements with agents and adjuster;

e) On Association's behalf, complete applications for Property & Casualty Insurance, Directors' and Officers' coverage, and Fidelity Bonds.

f) Handle all Insurance correspondence and inquiries, and comply with mortgage requests for Certificates of Insurance;

g) Complete Condominium Certification forms needed for mortgage loan approvals for individual Association members.

8. CORRESPONDENCE:

a) Provide secretarial services to include preparation and distribution of all required correspondence for the Association;

b) Provide required notices of meetings;

c) Distribution of year-end financial statements;

d) All other general correspondence as may be required.

9. SUPERVISION OF ASSOCIATION CONTRACTORS:

On behalf of the Association, Manager will supervise and conduct a program of regular maintenance and repair as required to maintain the Common Elements within the confines of the Association Budget. Maintenance program will be in accordance with federal, state, and local codes and shall include such things as cleaning, painting, decorating, plumbing, carpentry, irrigation, grounds care, and such other maintenance and repair as may be necessary.

a) Provide special attention to preventive maintenance;

b) Represent and advise the Board with respect to negotiation, execution, termination, and administration of all significant service contracts. All such contracts shall be upon such terms and for such rates of compensation as the Board shall agree;

c) Purchase all materials, equipment, tools supplies, and services necessary for property maintenance and repair on behalf of the Association and in accordance with the approved budget;

d) Inspect all work in process and examine contractors work upon completion;

e) Hire, train, and supervise on-site personnel.

10. LIAISON WITH UNIT OWNERS:

Manager will accept and process written complaints from owners of individual units following guidelines and procedures established by the Board.

11. CONTRACT EXCLUSIONS:

Not included in the cost of your contract with us is the actual cost of disposable supplies used specifically on behalf of your association or which will become the property of your association. These supplies include, but are not limited to, file folders, dividers, envelopes, labels, storage boxes for your archival records and other paper goods. The cost to the association for these supplies will not exceed actual retail value.

REGULAR OFFICE HOURS ARE:

9:00 A.M. to 4:30 P.M., Monday through Friday. There is a 24-hour manned answering service available for after hours and emergency calls. Our staff is available by personal pagers and mobile phones.