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Thursday, November 17, 2011

BAY COLONY CLUB NOV 15, 2011 BOD MEETING - SYNOPSIS


Special Meeting of the Membership:  45 residents attending.  Total votes on reserves: 385;  Voting against: 374;  Voting for 11  Reserves waived for 2012.  Special meeting adjourned 7:04.

Board Members Attending: Paul Barros, Bill Brady, Joyous Burkart, Bud Lauer, Malachy Smith

Board Members Absent: Danielle Harrell Recovering from hip surgery)

Miscellaneous Other Attendees: Coleen, BCC Manager

BCC Owners Attendees: 45 (est.)

November 2010 Minutes: Reading waived and minutes unanimously approved.

2012 Budget: Brady’s proposed 2012 budget called for quarterly maintenance payments of $973.  Discussion on legal fees being budgeted being too high. 
Motion made to reduce seawall budget from $90,000 to $40,000 and do only 100 feet of canal seawall repair.  Yes: Barros, Burkart, Lauer, Malachy; No: Brady.  Motion passed.
Quarterly maintenance payments for 2012 to be $954

Meeting adjourned at 8:47

Many thanks to Bev Houston for providing meeting facts.
 
NOTES:  Anyone know what the increase in total seawall costs will be by requiring the barge and crane to return again?  How does that compare with the $19 a quarter shaved from 2012 maintenance? 

All corrections and comments would be appreciated