HARTS POINT INC. ANNUAL MEETING JULY 25, The Annual Meeting of Hart s Point Inc. was called to order by President Edwin Ladu at 10:07 AM.

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1 HARTS POINT INC. ANNUAL MEETING JULY 25, 2009 Board Members Present: Edwin Ladu, President Joseph Gallagher, Trustee David Greenwood, Trustee James Kalohn, Trustee Richard Klein, Vice President Christine Prysmont, Secretary Board Member Absent William Topka, Treasurer The Annual Meeting of Hart s Point Inc. was called to order by President Edwin Ladu at 10:07 AM. Mr. Ladu read a letter from Bill Topka in which Bill indicated that he would not be a candidate for treasurer for the upcoming year. Ed reported that the Mannato property has been purchased by the Isabelle M. McGuigan trust. Ed also reported that Francis Nassel died during the winter. REPORTS; Secretary: Christine Prysmont, HPI Secretary read the minutes from the 2008 Annual Meeting. Tony LoCascio corrected the minutes to add him to the Sign Committee. The motion was then made by Phyllis Lyngard and seconded by Susan Klein to accept the minutes as corrected. Motion Carried. Nominating Committee Kathy Johnson, chairperson of the Nominating Committee reported the addition of two members to the slate of officers as follows: Tom Lanka to run for President and Al Prysmont to run as Treasurer. Mr. Lyngard, acting as representative for Jim Maroney, nominated Ed Ladu for GLCA representative. Maureen Baldwin and John Wisniewski were added to the Nominating Committee. Mr. Ladu suggested that this committee function without restriction by the Board.

2 Page 2 Treasurer: President Ed Ladu presented the treasurer s report in William Topka s absence. Expenditures as of December 31, 2008 were $3, The motion was made by Jay Bowman and seconded by Thomas Costello to accept the treasurer s report given by Ed Ladu. Motion Carried. HPI Dues Edwin Ladu recommended that the dues for HPI remain at $ The motion was made by Pam Perlman and seconded by Kathy Johnson to accept the recommendation made by Mr. Ladu. Auditor s Report Bill Leitch stated that he approved the 2009 HPI financial records. He suggested that the Board consider a fall meeting for any issues. An insurance issue occurred, unknown to the President and Vice President, concerning the Liability Insurance coverage by the Britell Agency. The policy was cancelled on September 23, 2008 by HPI s Insurance Broker. Mr. Topka paid the Britell Agency the required fee of $1, Mr. Leitch reported that Ed Ladu has an invoice of $1, for the new fiscal year starting July 15, He further reported that Mr. Ladu negotiated a rebate of $ from the Britell Agency. Mr. Leitch recommended that the Board improve communications by having more frequent meetings and more extensive use of s. Mr. LoCascio suggested that HPI consider increasing liability coverage to 5 million dollars. The Board will consider this option. Ben Baldwin suggested getting bids from insurance agents and recommendations from insurance experts. The motion was made by Pam Lombard and seconded by David Greenwood to accept the auditor s report. Trustees: There was none this year.

3 Page 3 Roads: Richard Klein began his report by thanking Tony LoCascio for the road maintenance he has done. Road conditions were evaluated and the decision was made to work on the B Road entry, problem areas on the B Road between Nassel Road and Leahy Drive, between Leahy Drive and the curve near Greenwood Drive and the areas of the B Loop. Additional areas on Leahy Drive and Nassel Road were identified to receive specific attention. This work was completed July 10, An additional load of material than originally planned increased the cost by $ The total cost for the road repairs was $6, Two locations have been established for road repair materials; the old location near Greenwood Drive and off B Road opposite Nassel Road. The Road Committee will be looking at trees on HPI lands adjacent to it s roadways to identify hazards. Other trees on HPI land away from the roads that pose hazards will be looked at and recommendations will be brought to the HPI Board. The motion was made by Jim Lombard and seconded by Jay Bowman to accept the road committee report as presented by Richard Klein. Galway Lake Campers Association (GLCA): Tom Lanka gave the GLCA report in place of Lenore Lanka. The drawdown during was 6 feet instead of the usual 4 feet. Green Filamentous Algae has been noted in West Bay and North End. Barley Straw, which has chemical properties that suppress growth of algae spores are being used one in West Bay, one in North End and two in front of the Lombard property. Jim Lombard led this effort. Testing regarding weed growth has indicated that nutrient problems are affecting the lake. Of specific concern is agricultural runoff, septic tank effluent and waterfowl excrement. GLCA will work with farmers to see if the run off problem can be resolved. The recommendation was made to empty septic tanks every one or two years, check the efficiency of these tanks and work with the town to get wastewater treatment regulations. A new program will enable GLCA to have geese captured and transported to another locale. Interns from Skidmore will be conducting an environmental study at Galway Lake. Zebra Mussels and Spiny Water Fleas are also being monitored. There is a possibility that dredging of the West Bay Cove for the purpose of decreasing the

4 Page 4 buildup of sediment may occur. Owners of pontoon boards were requested to cruise in deeper water. The thought is that motors of these boats cut the milfoil and that each cutting becomes a new plant. Inspection reports indicate that there are no serious problems with the dam and that any minor problems that occurred were done. There will be no deep drawdown this year. The GLCA dues for will be $ s are encouraged to be sent to GLCA and to check information related to the Association at its website: GalwayLakeAssociation.org. Sign Committee Tom Lanka, on behalf of Lenore Lanka, gave the report of the sign committee. Tony LoCascio was thanked for putting up the refurbished sign. Designs of signs have been submitted to the committee. It was reported that zoning rules indicate that a sign not be larger than 6 square feet. Costs of signs ranged from $ to $ The Board will consider a range of $ to $ for each sign A Road and B Road. The suggestion was made to use the insurance refund to help cover cost. ELECTION: The motion was made by Phyllis Lyngard and seconded by Tom Lanka to make recommendations for a sign for Road A and Road B at a cost of $ to per sign. The slate of officers proposed by the Nominating Committee was: President: Edwin Ladu, Thomas Lanka; Vice President: Richard Klein, Treasurer: Joseph Gallagher, Albert Prysmont; Secretary: Christine Prysmont; Trustee: David Greenwood; GLCA Representative: Lenore Lanka, Edwin Ladu. Voting took place with results as follows: President: Thomas Lanka Vice President: Richard Klein Treasurer: Tie vote between Albert Prysmont and Joseph Gallagher Secretary: Christine Prysmont Trustee: David Greenwood GLCA Representative: Tie vote between Lenore Lanka and Edwin Ladu Sue Klein thanked Edwin Ladu for his years of service as HPI President. Albert Prysmont withdrew from the race for Treasurer.

5 Page 5 Anthony LoCascio, with Susan Klein, seconding nominated Albert Prysmont to the one year (Gallagher s unfinished term) position of Trustee. Pat McCarthy, with Pam Perlman, seconding nominated Edwin Ladu to the one year (Gallagher s unfinished term) position of Trustee. James Ralbovsky, with Ruth Gau seconding, nominated Thomas Costello to the one year (Gallagher s unfinished term) position of Trustee. A vote was taken. Albert Prysmont was elected to the one year position of Trustee. A second vote was taken for the position of GLCA Representative. Edwin Ladu was elected to this position. Final Results of Election: President: Thomas Lanka Vice President: Richard Klein Treasurer: Joseph Gallagher Secretary: Christine Prysmont Trustee: David Greenwood (three year term) Trustee: Albert Prysmont (one year term) GLCA Representative: Edwin Ladu BY LAW AMENDMENT PROPOPSALS: (1) The terms of office for president, vice-president, secretary and treasurer shall not exceed three consecutive one year terms. (submitted by Rosemary Wisniewski) Proposal defeated. (2) The executed proxy must be received by the Secretary within five days prior to the scheduled meeting. Proxies not received or delivered to the Secretary will not be considered valid. The execution of a proxy does not affect your right to vote in person. (submitted by Anthony LoCascio) Proposal defeated.

6 Page 6 (3) All information received by the President or Board of Directors of HPI dealing with proposed property subdivisions or property changes is shared with all members of HPI as soon as possible. (submitted by Anthony LoCascio) Proposal withdrawn by Mr. LoCascio OLD BUSINESS: There was no verbal report. (Note: There is a written Annual Report of Directors as mandated by Not for Profit Law on file.) NEW BUSINESS: The topic of an HPI newsletter was discussed. It was recommended that Board Members and HPI deed holders have input. The Sign Committee will continue. Signs for the B loop will be considered. The HPI By-Laws will be studied for clarity and/or revision. Jim Lombard raised the question of the current method of voting. HPI members are allowed one vote regardless of the amount of separate deeds. Richard Klein stated that the NYS Non-for-Profit Law and HPI By-Laws prohibit a member, regardless of number of deeds, from voting more that once. Mr. Klein further stated that the NYS Non-for-Profit Law also supersedes HPI By-Laws. Mr. LoCascio took exception to this and stated that the Not for Profit Law and HPI By Laws were open for interpretation. ADJOURNMENT: The motion was made by David Greenwood and was seconded by Richard Klein to adjourn the annual meeting at 1:10 PM.. Respectfully submitted, Christine Prysmont, HPI Secretary.