Call to Order: President Hollingsworth called the January 27, 2010 meeting of the Board of Directors to order at 7:05 pm.
| President: | Stuart Hollingsworth | Present |
| Vice President: | Mark Reddie | Present |
| Treasurer: | Rick Andrews | Present |
| Secretary: | Aileen Fowler | Present |
| Director: | Chris Mause | Present |
| Director: | Ray Oliver | Absent |
| Director: | John Ramirez | Present |
| Director: | Susan Valocchi | Present |
Motion #1: Approve the agenda. Motion by Director Mause. Seconded by Director Ramirez. Motion Passed.
Motion #2: Approve the minutes of the November 18, 2009 regular meeting of the Board of Directors. Motion by Director Reddie. Seconded by Director Valocchi. Motion Passed.
Old Business
None.
New Business
Motion #3: As amended: Recommend that the Board convert the long-term Chase CD in the amount of $100,000 plus interest that matures on 01/27/10 into a 13-month Chase CD. Motion to amend by Director Reddie. Motion to amend seconded by Director Andrews. Motion Passed.
Motion #4: As amended: Recommend that the Board convert the long-term State Farm CD in the amount of $126,710 plus interest that matures on 02/11/10 into a 12-month State Farm CD. Motion to Amend by Director Fowler. Motion to Amend Seconded by Director Andrews. Motion Passed.
Motion #5: Allow the Fishing and Boating Committee to spend $2,084.87 out of their 2010 budget to stock 200 lbs of 1 lb. bass and 100 lbs of 3 lb. catfish in accordance with the 2010 stocking schedule/budget (attached). Motion by Director Reddie. Seconded by Director Ramirez. Motion Passed.
Motion #6: Approve expenditure of $500 from the Operations budget for the purchase of one complimentary beverage for each attendee at the LCA Committee Appreciation Social. Motion by Director Fowler. Seconded by Director Ramirez. Motion Passed.
Motion #7: Modify the marina slip lease to an annual rate of 1.5 times the quarterly HOA assessment. Eliminate the boat length calculation in determining the rate. Motion by Director Mause. Seconded by Director Ramirez. Motion Passed.
Motion #8: Motion to Amend: Modify the room rental rates to $50/hour for the multi-purpose room and $100/hour for the upstairs adult lounge. Additionally charge $100 for the dance floor set-up and take-down (available upstairs only). Motion to Amend by Director Valoochi. Motion to Amend Seconded by Director Fowler. Motion Passed.
Motion #9: Motion was made to adjourn the meeting. Motion by Director Fowler. Seconded by Director Valocchi. Motion Passed.
Board Meeting was adjourned at 8:05 pm.
