May 8, 2003

The president, Marvin Peterson, called the meeting to order at 2:00 p.m. Present were: Jim Hobin, Libbie Bramson, Ted Raia, John Boland, Coleman Connell, and Ed Rossini. Also present were John D’Aquanno and Allan Grossman who will replace John Iaizzo and Don Spanier on the Board, and Kay Potter, past Board member. Absent were Dick Laughlin who is in the hospital, and Mike Coyne who is at a relative’s wedding.

The Board has received the written resignation of John Iaizzo and the verbal resignation of Don Spanier. Mr. Spanier said the written form would be forthcoming.

The president determined that we had a quorum

By motion duly made, seconded and passed unanimously, the minutes of April 10, 2003 were approved.

Libbie Bramson, Treasurer, said that we need to reorganize our monies. She is “shopping” around at local banks to see where we can get the best interest rate. She would like to change our checking and money market account to another bank because we have over $280,000 in SunTrust Bank, which is only Federally insured for $100,000 (see attachment). Libbie recommends we take $100,00 from our money market account in SunTrust Bank and buy a CD at Bank of Florida at 2.25% for 12 months (FDIC insured) and look for higher interest rates to open a checking and money market account.

Marvin suggested that other members of the Board work with Libbie on this project, and that she do what she thinks is best as presented. Marvin made this a motion which was seconded by Jim Hobin and passed unanimously.

Marvin had a meeting with Ian McKeag, Vice-President of the Foundation and Gerhard Seblatnigg on working relationships between the two organizations. Our representative to the Foundation will attend future meetings and report to the Board by e-mail. It was determined that all e-mail correspondence be sent to the office for record.

Jim Hobin moved that we pay Mr. Volpe for 10 extra hours on the Cap d’Antibes project as he has requested. This was seconded by Ed Rossini and passed unanimously by the Board.
Marvin mentioned he hoped the Board would be able to attend the Foundation Town Hall meeting on May 22 at 7:00 p.m.

He also mentioned the public information meeting regarding the Waterside Shops meeting on May 14 at 5:30 p.m.

Committee Reports
Public Relations – Libbie needs pictures of the two new Board members and one of Ed Rossini for the Pelican Bay Post.

Community Affairs - Do we need this committee? Don Spanier is no longer chairman. Coleman Connell will chair for now and it will be known as the Community Relations Committee. The Security Committee will function under this committee. Ted Raia will work with Coleman on this committee. Jim Hobin reported on the Oakmont Lake Pathway. The Oakmont Civic Association, of which he is president, voted in favor of maintaining that path for walkers only. Jim conveyed this info to David Trecker. Dave told Jim that there is still a question of whether the Foundation or the Services Division owns the path. Word needs to be given to a member/resident who would like this issue clarified. Bobbie will call Kyle for an update and then relate the info to the member.

It was suggested that all e-mail should be responded to by e-mail.

Year-Rounders – Libbie passed out the list of parties for the year.

PBSD – Coleman reported on the meeting of May 7 which dealt, for the most part, with the proposed budget which will be adopted in August. There was a large contingency from the sheriff’s office attending. They are offering one alternative to the 24-hour, 7-days a week service – a cut down version of the $409,000 a year to $266,000.

Mangrove Restoration – Kay Potter, representing Ray O’Connor for this committee, gave a report. Kay mentioned that there are three projects on-going:1.)There is a marked improvement in the Bay Colony area. 2.) Kathy Wurley, working for the Conservancy has been monitoring the mangroves for 5 years, but says it needs a 10-year study. $4,000 a year for 5 years is needed to finish the project. The conservancy says no more funding for the project. Pelican Bay Services is not going to fund, but the Foundation may. 3.) The budget booklet is available at the Services office.

25th Anniversary – John Boland reported that the Foundation will sponsor two dinner dances, and put in $10,000 for the committee use. Myra Daniels says two nights’ events are available at $75,000 each, which the Foundation said they would sponsor. Lois Sabatino had a woman design a picture, had it copyrighted to be used as a logo for the 25th anniversary celebration. The Steering Committee will make decisions from now on.

Sharon Hood will be coordinator for the event. A more reasonable report will be given in October.
Old Business

Cap d’Antibes – Marvin stated that Ted Raia needs to show the County that illegal things were done by Gulf Bay; we need to work for a good, clean settlement. Much discussion went on concerning the issue of going forward administratively. We need to go into a quiet mode at the present time until we see where this goes.

New Business
Office space is available on the 6th floor. John Boland, Jim Hobin and John D’Aquanno will work on the committee to look into this space. Our present lease expires August 31, 2003.

Bobbie Scoville proposed a summer office schedule in which she will work out of Massachusetts, performing her usual tasks. She will return about 3 times during the summer to check on the office functions (see attachment). Several Board members offered to come and check the office. The Board voted unanimously to allow the office to be run from Massachusetts from June 1 – September 26.

The meeting was adjourned at 4:45 p.m.