January 10, 2003

The president, Dick Laughlin, called the meeting to order at 2:00 p.m. in the Boardroom of the SunTrust Bank. Present were: Dr. Ted Raia, John Iaizzo, James Hobin, Robert Andersen, Gen. John (Mike) Coyne, Mrs. Libbie Bramson, Marvin Peterson, and Mrs. Alice Kay Potter. Mrs. Barbara Martin was absent. She had been unable to resolve a conflict due to the change in the meeting date.

Also present were Raymond O’Connor, immediate past president of PBPOA; John Boland, committee member at large; Don Spanier, chairman of the Community Affairs Committee; Glen Harrell, general manager of Waterside Shops; Michael O’Brien, director of Clarion Partners; and Daniel A. Summers, AIA, partner with Barnay Schmitt Summers Weaver, Inc.

The president introduced the three last named gentlemen. Mr. Harrell presented a detailed proposal for the upgrade and enlargement of Waterside Shops, assisted by his two associates, using architectural drawings and plans.

Mr. Harrell explained that he is seeking a PUD (Planned Unit Development) amendment in order to purchase and transfer all available development rights from Marketplace on the north end of Pelican Bay to Waterside Shops on the south end. However, before he can even start to “run with the ball”, i.e., hold public informational meetings in Pelican Bay and seek County permits, he must first obtain approval from PBPOA. This is so because Westinghouse Corporation, the original developer of Pelican Bay, made an agreement with PBPOA to give the association the legal right to first approve or disapprove all such amendments.

Mr. Harrell said he would send a draft of the type of approval he is requesting to the Board for its consideration. The president thanked the three visitors and said the matter would be given the Board’s attention.

The president stated that there is a vacancy on the board due to the untimely death of Mr. Toomey. Mrs. Bramson moved that John Boland be elected to the Board to fill this vacancy, seconded by Mrs. Potter and passed unanimously. Mr. Boland was welcomed to the Board and took his place thereon.

Upon motion of Mrs. Bramson, seconded by Mr. Peterson and passed unanimously General Coyne was elected treasurer for the remainder of this term.

Upon motion by Dr. Raia, seconded by Mrs. Potter, and passed unanimously, Mr. Hobin was elected vice-president for the remainder of this term.

Upon motion of Dr. Raia, seconded by Mr. Hobin and passed unanimously, the minutes of the October and November 2002 Board meetings and a memorandum of the December 2002 holiday party were approved.

The treasurer presented an eleven month financial statement ending November 30, 2002, which was accepted by the Board (copy attached).

The treasurer presented a proposed budget for 2003 (copy attached). After discussion, the Board recommended that all outreach items be combined into one “Public Relations” category to allow for greater flexibility in the use of these funds, and that the appropriation for the Year-Rounders be set at $2,500.

Dr. Raia moved that the recommended changes to the 2003 budget be made and that this amended budget be approved by the Board, seconded by Mrs. Bramson and passed unanimously.

Mr. Hobin, chairman of the by-laws Committee, presented three proposed changes to our by-laws for consideration at the annual meeting. After discussion, the Board recommended that only one, the amendment to Article 8, (copy attached) be introduced at the annual meeting and that the president and Mr. Hobin be responsible for giving adequate notice to the membership. Mr. Iaizzo moved this recommendation which was passed unanimously by the Board.

Gen. Coyne, chairman of the Safety Committee, presented an in-depth comparison study of private firms that provide security to communities such as Pelican Bay. The Board will consider this matter at a subsequent meeting.

Dr. Raia gave a progress report on his efforts to alert the public to the problems that will be manifest if Gulf Bay is allowed to build Cap d’Antibes, combining two condominium towers into one, thus becoming a “monster building” dwarfing nearby condominiums. A scale model of this proposed development is on display at Hammock Oak Center.

The Board considered Mr. Harrell’s proposed amendment to the Pelican Bay PUD and will await receipt o his draft before taking action.

Mrs. Bramson moved to adjourn the meeting due to the lateness of the hour and to resume next week at a time and date to be determined, seconded, and passed unanimously.

The meeting was adjourned at 5:00 p.m.