To all Le Baron Unit Owners:

Subject: Le Baron Condominium Concrete Restoration Project

Dear Owner:

Please be advised the Board of Directors took the following action at the board meeting held on April 24, 2006, at the Le Baron Clubhouse:

The board passed a motion to establish a line of credit at the Colonial Bank in the amount of $3,000,000 dollars to be used to fund the cash flow of the concrete restoration project approved by the board on January 20, 2006. The bank required the Board of Directors, as a part of the approved motion, to establish the following assessment payment schedule:

January 20, 2006	$5,000.00
June 1, 2006	$5,000.00
September 1, 2006	$5,000.00
December 1, 2006	$3,650.00
Total	$18,650.00

The board passed a separate motion to approve the payment of $5,000.00 due and payable on June 1, 2006, and to become delinquent on July 1, 2006.

Payments of the remaining special assessments will be delinquent 30 days after the due date listed above pursuant to the Declaration of Condominium, and the policy adopted by the Board of Directors on April 6, 2006.

Very truly yours,

Le Baron Condominium Association
Samuel M. Bowling
President