ANNUAL MEETING

March 8, 2001

The president, Ray O'Connor, called the meeting to order at 4:00 p.m. at the Hammock Oak Community Center. Directors present were: William Turner, Lois Sabatino, Robert Andersen, James Henry, Charles Morris, John Domenie, John Iaizzo and Alice Kay Potter. Richard Laughlin and Marvin Peterson were absent.

The secretary informed the president that she was in possession of 837 proxy votes, which, combined with the 175 members in attendance yielded a number greater than one-third of the dues paying members of record as of February 1, 2001. Thus a quorum is present and the meeting is authorized to conduct business.

Upon motion duly made, seconded and passed unanimously, the reading of the minutes from the year 2000 annual meeting was dispensed with.

The treasurer, William Turner, presented his report, a copy of which is attached hereto. Mr. Turner gave a detailed summary and explanation of the association's financial affairs and answered questions from the audience, which applauded his efforts.

Mrs. Lois Sabatino, chairman of the nominating committee, presented the names of Tom Toomey and Gerhard Seblatnigg as candidates for the PBPOA's Board of Directors.

The president announced that two Board members, Richard Laughlin and John Domenie, whose terms are expiring, are eligible to serve another term and have informed the committee of their interest in doing so.

The president asked for nominations from the floor. There were none.

The president directed the secretary to come forward and cast the 837 proxy votes for the four above named candidates. Mrs. Potter did so. The president declared the four candidates now official members of the PBPOA's Board.

The president introduced the entire Board to the audience. He expressed the deep regret all felt at the loss of Mrs. Sabatino and Mr. Peterson whose terms expire with this meeting. He explained that Mr. Peterson's absence was due to serious family illness. He extolled the many achievements of Mrs. Sabatino, which included the founding of the Year-Rounders and the publication and editing of the newsletter "Straight Talk" and the chairmanship of the Public Relations Committee.

The President introduced Sheriff Don Hunter, who addressed the members, replying to a letter of invitation (copy attached), which outlined concerns of Pelican Bay residents. He

Reassured them that their very legitimate concerns were being taken care of, even the "dummy" inside the patrol car.

The President introduced James Carter, Pelican Bay resident and Chairman of the Collier County Board of Commissioners, who informed the members of the present status of items before the commission such as the new central library building and the new north regional park for which land has already been purchased. He warned them that four million additional people are projected to live in Florida by 2025, and we are already behind in building the infrastructure they will need. He pledged to stay abreast of such community concerns as traffic lights, restoration of the mangrove forest, speeding on Pelican Bay Blvd., landscaping of project 41, and crime prevention, and to report back to them.

The president asked the committee chairmen to give their reports, with the exception of the Governance Committee, which would be addressed at the forthcoming public meeting to be held at the registry Resort on Sunday, March 11 at 2:30 p.m.

Membership Chairman - Charles Morris reported that as of March 7 PBPOA's membership stood at 3,150. Non-member residents of Pelican Bay will be canvassed.

Public Relations - Lois Sabatino reported that there are now 900 Year-Rounders and Mrs. Barbara Martin is the new chairman. Last year the Year-Rounders donated over $10,000 to local charities as a result of their parties. She introduced Ms. Sharon Hood, editor of the new Pelican Bay Post, which is mailed to every resident of Pelican Bay free of charge and contains all local announcements and news, thus saving local organizations the cost of their individual newsletters and notices.

Community Affairs - John Domenie reported that this committee is studying the effect on Pelican Bay the proposed multi-story parking garage between the property owned by NPB Limited (new owner of First Union Building) and the Philharmonic Center; the bicycle land to the new six-lane US 41, and other possible problems. He said the CERT program now has 30 members in Pelican Bay and 20 more at the Ritz-Carlton Hotel.

Project 41 - Robert Andersen gave the report for himself and his co-chairman, James Henry. The actual planting of the landscaping is getting "relatively close" but these efforts must be coordinated with the widening of US 41 to six lanes, which is being done in two phases. The County has assured him that the County will assume the maintenance of the plantings.

Web-site and Security - John Iaizzo reported that the PBPOA's web-site can be accessed by typing in pbpropertyowners.com. He then displayed a page of its contents and explained how to use it. In regard to security, he reported that the possibility of erecting a barrier between US 41 and the Oakmont section of Pelican Bay is being researched.

The Mangrove report was not given in order to conserve time.

The president asked the members to remember Arlyce and Marvin Peterson in their prayers and paid a moving tribute to the late Norman Snow, chairman of the Liaison Committee, whose good work was cut short by his untimely death.

The meeting was adjourned at 5:58 p.m. followed by a social hour with refreshments. Mrs. Dolly Turner, Mrs. Carol Fehling and Mrs. Ellie Dulebohn served as hostesses.