Resignation of the administrator

Dear owners in Finca San Antonio:

I was surprised to see that the president included in his report a recommendation to change the administrator, I was not aware of any problems during the year. In any case, I guess he represents the majority of the community, so I think it is better that you hold the next AGM with the new administrator instead of with me. I will pass him all details as soon as you confirm me his election, so he can starts on 1st April, while I complete the accounts of this first quarter.

I am only left to tell you it was a challenge to take over the community with about 70.000 euros debt, and left it 3 years after with the pools refurbished, most of the buildings painted, 14.000 euros in the bank, the big court case against SAP won, and very close to an agreement with San Antonio Properties to collect the rest of our debt. The ordinary expenses have been reduced more than 20% from 2009 to 2012. the indoor facilities were connected to electricity and water at no cost, and are now ready to be used. I'm sure that, with the help of the owners and Daniel, the new administrtor will manage to complete these tasks and any others that you need.

It was a pleasure to meet you all and work for your community. I wish you all the best.

Regards

Mario Bravo.

AGM 16th march 2012

The next AGM of our community will take place on the meetings' room next friday 16th march 2012 at 10am. Agenda, accounts and president's report have been sent by email to all owners. Copies can be asked to the administrator (info@mariobravo.com).

SEWAGE TAX

The community (and also the individual owners) have seen their water bill increased sensibly after the inclusion of a new tax for the water that goes into the sewage. There is a meter for the garden that is charged also with this tax because the swimming pools are connected to it. If we connect both swimming pools to the blocks, those meters will be only feeding the garden, which is free of this tax (water from the garden goes into the grounds directly). The cost of the connections is 848 + vat for the small pool (to be connected to block 3), and 1050 + vat for the big pool, to be connected to block 2. We could recover this money in one year, maximum 2.