GASPARILLA CONDOMINIUM ASSOCIATION

ANNUAL MEMBER MEETING

JANUARY 23, 2007

To be approved at next Annual Meeting

CALL TO ORDER: The meeting was called to order at 7:00 p.m. by President Bill Leavitt.

ELECTION OF DIRECTORS:  President Leavitt appointed Joel Hokkanen and Don McCallum to count the ballots for the election.

CONFIRMATION OF PROPER MEETING NOTICE: The Notice for the meeting was POSTED in accordance with the Bylaws of the association and requirements of Florida Statutes.

DETERMINATION OF A QUORUM: A quorum was met by members present and by proxy. 

APPROVAL OF MINUTES: Sue Boyd read Minutes of previous Annual meeting, held January 17, 2006.  A motion was made by Joe Farrelly to approve the minutes.  Bud Stewart seconded the motion.  All in favor.

TREASURER’S REPORT:  Dave Hubbard was not able to give a final report as the statements for year end were not available. He is projecting a loss of $5400. in 2006, due in part because of our handyman, who was hired into the fiscal year 2006 and it was not a budgeted position.  The final budget will be available within 30 days of this meeting. 

PRESIDENT’S REPORT:

Bill Leavitt reported on the highlights from the past year.  We hired a handyman who has become a very valuable asset to the community – repairing and taking care of many problems.  We have had problems and had to replace/repair pumps and timer.  The pool was leaking badly and we had to repair to make it usable.  We have a new landscaper and are very pleased with the job he is doing.  Our workshop was burglarized during the summer and all of our power tools were stolen.  They have all been replaced from auction funds.  This was not covered by insurance.   In addition, seven of the lounge chairs around the pool had to be refinished, again from auction funds.

Bill read a letter from the engineering firm providing an update on the status of the pool.  The letter will be posted for all to see.   

Bill thanked all of the Board of Directors for their efforts throughout the year.  They all did a yeoman’s job, working for the best of the entire community with no personal agenda.  He also thanked all committees for their efforts and Gene Sullivan for reviewing our books.   

COMMITTEE REPORTS:

Dock:  Jim McMahon reported that he expects 16 docks to be rented out for the year.  In the coming year, the committee will paint a wood sealer on the dock, extend the water supply to slips # 1 and #19.  The railing inspection has been completed, but the dock inspection is outstanding. The Coast Guard will attend our dock on Saturday a.m. for a free inspection for all boat owners who would like to participate. 

Social:  Donna Freeman noted the pot luck to be held on Friday evening, the Book Club meeting and the Ladies Luncheon to be held on Feb 7^th at T.J. Carney’s in Venice.

UNFINISHED BUSINESS:  None.

NEW BUSINESS: 

• Vote on Proposed Amendment Change to the By-Laws  -  31 yes votes, 2 no votes and 2 invalid votes  
• Vote on Proposed Amendment Change to the Articles of Incorporation  -   35 yes votes, 1 no vote and 1 invalid vote
• This received the required majority vote.  Accordingly, both amendments passed. 

ELECTION RESULTS:    

• Dave Hubbard          40
• Joyce Kendall           35
• Tom Voss                 29
• Bill Leavitt                 28
• Sue Boyd                  28
• Bill James                  21
• Joe Farrelly               16

To break the tie, Sue Boyd conceded to Bill Leavitt.  The new Board of Directors is Dave Hubbard, Joyce Kendall, Tom Voss, Bill Leavitt, and Bud Stewart, who has one year remaining on his term. 

Sue and Joe both spoke and thanked everyone for the support received during their terms of office. 

ADJOURNMENT:  The meeting adjourned at 7:53 p.m.

Respectfully submitted,

  Sue Boyd,

 Secretary.

  Minutes for Board of Directors Organizational Meeting