GASPARILLA CONDOMINIUM ASSOCIATION, INC.

ORGANIZATIONAL MEETING OF THE

BOARD OF DIRECTORS 

January 29, 2008

 ELECTION OF A CHAIRPERSON OF THIS MEETING:

Dave Hubbard was elected to chair this meeting. 

The meeting was called to order at 7:37pm. Members in attendance were Ron Hook, Dave Hubbard, Joyce Kendall, Gary Payne, and Tom Voss. Corrine Malopolski represented the management company, Antares.

DETERMINATION OF A QUORUM:

All five members were present therefore a quorum.

CONFIRMATION OF NOTICE AND POSTING:

The Notice for the meeting was posted in accordance with the Bylaws of the Association and requirements of Florida Statutes.

TERMS OF OFFICE:  There being no election, as per advice from GCA’s attorney, the terms of office for 2008 were decided by way of agreement among the directors.

            Three-year terms:

                        Dave Hubbard

                        Joyce Kendall

            Two-year terms:

                        Ron Hook

                        Tom Voss

            One-year term:

                        Gary Payne

ELECTION OF OFFICERS:  

Motion by Gary Payne, seconded by Dave Hubbard, naming the following:

President: Tom Voss

Vice President:  Gary Payne

Secretary: Joyce Kendall

Treasurer: Dave Hubbard

Member at Large: Ron Hook

Motion passed.

UNFINISHED BUSINESS: 

Insurance and Finance:  A motion was made by Dave Hubbard naming an Insurance/Finance Committee to be made up of himself (Dave Hubbard), Gary Payne, and Dick Haynes.  Motion seconded by Tom Voss. Motion passed.

NEXT MEETING:

The next meeting of the Board of Directors will be held on February 1, 2008 at the Cabana.  The agenda will be the insurance.   Next monthly meeting will be February 16, 2008.

NEW BUSINESS: 

1. Designation of a registered agent.  Antares Group, Inc. is the registered agent.
2. Designation of a depository (operating, designated funds, and reserves) Peoples Bank, a division of the Superior Bank is the depository.
3. Designation of signatories (President, Treasurer, Secretary, and Management) President, Treasurer, Secretary, and Management are the signatories.
4. Designation for location of posting meeting notices. Bulletin board at the cabana was named.
5. Other:

* Motion by Dave Hubbard to authorize the payment of our insurance premium from the Reserve Account  to be paid back before year end with interest. Seconded by Tom Voss. Motion passed.

* Motion by Dave Hubbard to secure the services of Mark Knauf, CPA, to prepare the Association’s 2007 tax returns. Seconded by Joyce Kendall. Motion passed.

* Having had no response from the owner of unit 116 the Board asked Corrine to write a follow-up letter relative to Article XXI.  Item (21), Use Restrictions.

ADJOURNMENT:

There being no further business to come before the Board the meeting was adjourned at 8:05 p.m.

 Respectfully submitted,

Joyce Kendall, Secretary