BOARD OF DIRECTORS MEETING

DATE: March 24, 2016

SEA HAVEN LOUNGE

7:00 P.M.

I. PLEDGE OF ALLEGIANCE

II. ROLL CALL: Frank, Terry, Bill S., Jud, Jack, Carmel and Bill W.

III. READING AND APPROVAL OF MINUTES January 21, 2016 and January 28, 2016.

Jack made motion to waive the reading of the January 21,2016 meeting and approve as submitted, second by Terry all were in favor. Bev read minutes of the January 28, 2016 informational meeting with corrections from Mrs. Harris apt 614 “A” regarding a association member owning 5 apartments. Minutes were corrected to reflect this was not at Sea Haven but a Condominum Association sshe has in Panama City. Minutes were also corrected to reflect that John Petri apt. 235 “B” did not say there were no volunteers to help build Bocce’ Ball Court. Minutes approved with corrections motion made by Terry second by Jud all in favor.

IV. LETTERS FROM OWNERS - Apt 414 Marilyn McConnaughay and Coleen Blackmore regarding bulk e-mail and web pages. Jack made motion to include letter in next meeting of BOD to start moving in the direction of modern times. Yacht Club regarding a $5,000 contribution for balance of dock composite and new dock lighting.

V. OPEN SESSION FOR OWNERS: Guy LaMotta Apt 331”B” regarding the death of Helen Caselli stating she and her husband were orginal owners. Guy also asked the board to share and pick up the cost of lighting for docks . This will save on electricity and he feels 300 people can afford the cost and share in the expense. Apt 337 “B” Marie LaMotta questioned the check from Comcast for $60,000 or is it just a rumor? Bill stated we have not received a check yet. Marie asked what about the slush fund we have

$83,000, we can use that money for better lighting instead of benches and sea horses. $60,000 should be given back to the people who have been paying for Cable. Bob DiCimillo Apt 807 “A” questioning the red & Green Lights from the towers, when will that be taken care of. Bill stated he will not give a date when this will be done but is something he will be working on. Jane Heath apt 535”B” questioning Security. Do we still have security stating no one ever sees the guard or the security cart. Can the gals get a cabinet to lock up there dominio tiles since someone keeps taking them. Wireless security cameras would be better then the guards. Other general questions regarding survey results, 75% vote necessary for different items of interest etc. were also discussed.

VI. DIRECTORS REPORTS;

Terry stated that our finances are in good shape. Currently we have a surplus of $34,862.35 from 2015 budget. Frank made motion to put the surplus into unrestricted reserves Bill second the motion and all were in favor. Terry also stated for 2 months ending February 29, 2016 we are in the black on our current budget in the amount of $6,762.56.

VII. OLD BUSINESS:

1. Current Status informational survey. Bev reported survey’s are coming in but we have no final reports at this time. Resident asked if you don’t vote how is that counted in the survey? The Board stated no submitted vote is a no vote.

VIII. NEW BUSINESS:

1. Sales and Lease Approval; See report attached for full information. Sale to apt 801 and lease renewals to apts 304 and 403. Bill made motion jack second the motion all were in favor.

2. Insurance Package for 2016/2017: Jack reported the insurance for 2016 has been secured and we are anticipating that we will meet our budget by the end of the year. We do feel once all contracts are finalized that we will be under budget about $20,000.

Frank stated that unrestricted reserve amounts have projects that are need to be completed. Waterproofing building towers, hurricane glass in lounge and so on.

IX. ADJOURNMENT

Jack made motion to adjourn second by Terry. All members were in favor and meeting ended at 8:00 P.M.

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