BAY COLONY CLUB REALTY REPORT AS OF 12/20/09

Total #2 BR for sale:  21
High      $425,000 (on the intracoastal)
Low      $154,900
Median $225,000

Total #1 BR for sale:  8
High      $139,000
Low      $  95,000
Median $108,450

Sold 2BR YTD:  12             LP/SP               Days on Market
High      $212,500                80%                         699
Low      $145,000               100%                          12
Median $175,000                 90%                         192


Sold 1BR YTD: 6
High     $117,000                 95%                        298
Low     $  93,000                 84%                          14
Median $102,500                90%                         119

Information provided by Marge Matinale, Li  c.Assoc.Broker, Prudential Florida 1st Realty
954-298-2527,fax 954-771-7367,email margesells4u@yahoo.com

BAY COLONY CLUB SYNOPSIS NOVEMBER 19 BOARD MEETING

Board members attending: George Lauth, William Brady, Harriet Gustafson, Sam Slota, Saundra Zubko
Absent members: Pete Shelton, Wilbur Bullock
Miscellaneous other: Joanne Lowenthal, manager
BCC owner attendees: 37 in audience
Minutes: October 22 and November 2 minutes read and approved
Meeting Behavior Rules: It was noted that BCC rules allow  fines for obnoxious behavior.  No discussion about same rules applying to BOD members.
Reports: (Available on BCC web site)
Old Business:
1. Communications Consultants Group (CCG) contract update: Discussion postponed.
New Business:
1. Rules & Election Committees: Zubko announced her appointment of Rochelle Bisaillon (Rules) and Bunny Schmitt (Election) as committee chairman.  Additional nominations not requested or considered.
2. Palm Trees: Replacement of 10 dead or dying palms at cost of $3,705 approved unanimously.
4. Holiday Fund: Zubko announced her decision to revise rules governing holiday fund distribution to employees.  She also decided that postcards soliciting owners contributions would NOT be mailed out.  (Some owners have set up a card mailing fund and are soliciting donations.)
5. No Turkey Distribution (not an agenda item): Zubko announced that the long-term practice of distributing holiday turkeys to employees was discontinued.  (Some owners have set up a Turkey Fund and are soliciting donations.  Please click on “Turkey Fund” link in left column for details.)
Meeting adjourned at 7:55.
Open Forum Topics:
Lower pool temperatures, weekend employees on hand, Christmas lights, lawyer’s fees for CCG contract, elimination of turkey gifts.
Thanks to Bev Houston for fact checking and edit help.