January 3, 2007

January 11, 2008

Dear Old <= st1:PlaceName w:st=3D"on">Cutler Bay Resident:

Happy New Year!&n= bsp; Many people in Old Cutler Bay already know who we are, but for those of you new to our community let me explain the purpose of the Old Cutler Bay Homeowners Association

We are a voluntar= y Homeowners Association comprised of the following unpaid, elected officers: Toni Schrager, President; Andy Murai, Vice President and Lola Solis, Secretary/Treasurer. The three member financial oversight committee, also a voluntary position, is made up of O= ld Cutler Bay residents George Irvin, Toni Fraga and Kit Toom= ey. We are a corporation, file an annu= al tax return (which is available to all members) and pay our annual filing fees.<= span style=3D'mso-spacerun:yes'> Please feel free to request= a copy of our income and expense report, or pick one up at our next Homeowners Association meeting scheduled for Thursday, March 6, 2008. We will post additional notices of date, time and place.

Your maintenance = fee funds the community’s annual expenses (listed below) as well as large improvement projects chosen and voted on by the Association’s members each year.

Annual Expenses:

· = Landscape: new quarterly plantings; seasonal landscape & lighting; maintenance &am= p; repair

· = Maintenance: Front entrance, guard house security cameras and nine cul-de-sacs

· = FPL and Miami-Dade Water & Sewer charges for common areas=

· = Accounting services

· = Legal Fees

· = Licenses, permits, bank charges

· = Homeowners Association communications (i.e. Internet & Mailings) and office suppli= es

· Guards’ holiday bonus

Proposed new projects to be discuss= ed at next meeting (include but not limited to):

· = Professional landscape lighting for the nine cul-de-sacs and the = Solano Prado Park

· = Up-grading the guard house

· = Last but not least, the on-going traffic circle debate.

The unenviable ta= sk of collecting the annual Homeowners dues falls on our shoulders at the beginni= ng of each year. Our 2008 association fee of $1,000 is due January 31, 2008. At your earliest convenience please make out a check payable to: Old Cutler Bay Homeowners Association and place in the self addressed envelope, or mail to me at = 700 Solano Prado, Coral Gables, FL 33156.

Thank you and I l= ook forward to working diligently with all of you to keep our community outstanding.

Sincerely,

Toni Schrager, Preside= nt