KING S GATE CLUB, INC.

Transcription

1 MEETING OF THE BOARD OF DIRECTORS Thursday April 15, 2010 KGC CLUBHOUSE 9:00 a.m. A Meeting of the Board of Directors of King s Gate Club, Inc. was held at the Clubhouse of the Corporation on Thursday, April 15, 2010, pursuant to prior rule and notice. Present and participating were Directors Eade, Fote, Holdway, McDonald, McMains and Crane. Absent was Walker, Patricca and Richmond. Pres. Eade called the meeting to order at 9:01 a.m. SECRETARY'S REPORT Secretary Holdway asked for a consideration of the Minutes of the Board of Directors Meeting held on February 18, 2010 & March 4, MOTION is made by Secretary Holdway "to accept the Minutes of the Board of Directors Meeting on February 18, 2010 & March 4, 2010 as presented. Director McDonald seconded the Motion. Pres. Eade then called for any discussion from the BOD or residents. Vote: UNANIMOUS. Motion passed. TREASURER'S REPORT Treasurer Crane gave the current financial report of the Club. Copies available in the office. MANAGER S REPORT A copy of the full report may be obtained at the office. PRESIDENT S REPORT Pres. Eade announced that the money from Comcast had come in and that it would be placed in laddered CD s. He summarized they smaller summer projects that came from the walk around, gave the short and long term goals. COMMITTEE REPORTS 1. Alterations Committee: Director McDonald reported that there were nine (9) approved alteration requests since the last BOD meeting. Unit #324, 27, 78, 288, 205, 17, 63, 35, & King s Gate Realty Report: None at this time. Page 1 of 3

2 3. Roundtable: Jim Purkey announced that the RTC came up with some short & long term goals also. They take care of the short term goals over the summer and work with BOD on the long term goals. COMMUNICATIONS There were two resident letters one from Gene Fournier regarding the deterioration in the roads. The BOD was in the process of looking into options already. The second letter was from Vernon Crane asking the maintenance shop be upgraded and brought to workable condition for the maintenance staff. The BOD is getting quotes on this project. 1. Discuss and act on Roundtable 2010/2011 budget. MOTION is made by Treasurer Crane "to accept the RTC budget as presented on 3/19/10 Director Fote Crane Yes, Fote Yes, Holdway Yes McDonald Yes McMains Yes: Vote: 5 YES UNANIMOUS. Motion passed to accept 2. Approve check signers for the Roundtable bank accounts. MOTION is made by Director McDonald "to accept check signers as stated in the letter dated 3/3/10 Tres. Crane seconded the Motion. Pres. Eade then called for any discussion from the BOD or residents. Crane Yes, Fote Yes, Holdway Yes McDonald Yes McMains Yes: 5 -YES UNANIMOUS. Motion passed. 3. Discuss and act on proposal to modify the Spa to meet new Federal Mandates. MOTION is made by Director McDonald "to accept Elite-Weiler proposal for spa restoration Director McMains seconded the Motion. Pres. Eade then called for any discussion from the BOD or residents Crane Yes, Fote Yes, Holdway Yes McDonald Yes McMains Yes Vote: 5 YES UNANIMOUS. Motion passed to accept 4. Discuss and act on proposal to resurface the Pool. MOTION is made by Director Fote "to put the project on hold and do more research Director McDonald seconded the Motion. Pres. Eade then called for any discussion from the BOD or residents. Crane Yes, Fote Yes, Holdway Yes McDonald Yes McMains Yes NEW BUSINESS 1. Discuss and act on modification to the 401k Plan. MOTION is made by Treas. Crane "to accept the modifications as needed to the 401k plan Director McDonald seconded the Motion. Pres. Eade then called for any discussion from the BOD or residents. Crane Yes, Fote Yes, Holdway Yes McDonald Yes McMains Yes Page 2 of 3

3 2. Discuss and act on changing lake maintenance and aeration systems MOTION is made by Director Fote "to use Solar B product on a 1 year pilot program Director McDonald seconded the Motion. Pres. Eade then called for any discussion from the BOD or residents. Crane Yes, Fote Yes, Holdway Yes McDonald Yes McMains Yes 3. Discuss the damage to the roads. Connie Lorenz with Asphalt Restoration Technology Systems, Inc. came in to speak to the residents and the BOD as to why, how and when to fix the roads and maintain them. 4. Authorize the establishment of CD, Money Market and Checking accounts at SunTrust Bank. MOTION is made by Treas. Crane "to open a 26 & 49 month CD at SunTrust Bank and also a 1 year CD at TIB Bank using the funds from Comcast as laddered CD s Director McDonald Crane Yes, Fote Yes, Holdway Yes McDonald Yes McMains Yes Meeting adjourned at 11:15 a.m. Page 3 of 3

4 SPECIAL MEETING OF THE BOARD OF DIRECTORS Wednesday, April 21, 2010 KGC RECREATION HALL 1:00 P.M. A Special Meeting of the Board of Directors of King s Gate Club, Inc. was held at the Clubhouse of the Corporation on Wednesday, April 21, 2010 pursuant to prior rule and notice. Present and participating were Directors Eade, Holdway, Crane, McDonald, Richmond and McMains. Absent were Walker, Fote and Patricca. President Eade called the meeting to order at 1:00 p.m. 1. Discuss and act on a proposal to resurface the Pool. MOTION is made by Tres. Crane "to reopen the resurfacing pool issue Director McMains Vote: 5 YES UNANIMOUS. MOTION is made by Tres. Crane "to accept the bid from Aquatech of $19,589 Director McDonald Meeting adjourned at 1:10 p.m.

5 SPECIAL MEETING OF THE BOARD OF DIRECTORS Wednesday, April 21, 2010 KGC RECREATION HALL 1:00 P.M. A Special Meeting of the Board of Directors of King s Gate Club, Inc. was held at the Clubhouse of the Corporation on Wednesday, April 21, 2010 pursuant to prior rule and notice. Present and participating were Directors Eade, Holdway, Crane, McDonald, Richmond and McMains. Absent were Walker, Fote and Patricca. President Eade called the meeting to order at 1:00 p.m. 1. Discuss and act on a proposal to resurface the Pool. MOTION is made by Tres. Crane "to reopen the resurfacing pool issue Director McMains Vote: 5 YES UNANIMOUS. MOTION is made by Tres. Crane "to accept the bid from Aquatech of $19,589 Director McDonald Meeting adjourned at 1:10 p.m.