New Property Management Company

TIMBERWOOD OF NAPLES ASSOCIATION, INC.

c/o C. Allen Properties

3050 North Horseshoe Drive #172

Naples, Fl. 34104

239-403-4006 Tel. 239-403-4008 Fax.

Dear Homeowners,

As your Board of Directors of Timberwood of Naples Association, we have retained a company to manage the common elements. This transition will occur on March 1, 2018. Should you have any questions, please feel free to contact them by phone, e-mail or letter:

Our company is:

C. Allen Properties, Inc.

3050 North Horseshoe Drive Suite # 172

Naples, Fl. 34104

Our managers are Chip Allen and Lee Burgin. Their team handles the needs of a select few Associations very professionally in over 30 years of experience. They bring a highly skilled team of administrative, financial and maintenance personnel to assist our Association. We have every confidence they will help us manage a smooth transition for you.

QUESTIONS OR CONCERNS:

Call Chip Allen, Lee Burgin or our Administrators, Ileana Castro and Marsha Hubicz at 239-403-4006. or emails @ chip@capnaples.com , lee@capnaples.com , ileana@capnaples.com , marsha@capnaples.com

BILLING:

The current billing procedure is simple and efficient. Starting with the April 1st, 2018 billing, you will receive a billing statement each quarter. Simply tear off the top portion of the billing at the perforation, insert it with your check in the envelope included to Iberia Bank and mail. The coupon book you have will no longer be of use. Your check is posted to the Associations account on the day it is received. SPECIAL NOTE: You may be interested in having your fees automatically deducted each quarter through our ACH debit, please fill out the ACH Form that can be found at:

https://www.dropbox.com/s/qw5svtdjlnzhbt9/ACH%20FORM.doc?dl=0

Thank you very much for your cooperation during this transition.

Respectfully,

Timberwood of Naples Board of Directors