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.