Prior to the start of the meeting, Bob Toth introduced Frank Desguin, County Appraiser, and Monica Woodmansee, Tax Collector Communications Director. Mr. Desguin and Ms. Woodmansee gave overviews of the duties and responsibilities of their respective offices. Mr. Desguin also discussed assessed values, homestead exemptions, and Save Our Homes. Both fielded questions from the audience. A handout was distributed to owners present.

Call to Order: The meeting was called to order at 10:45 AM by Bob Toth, President, at the Burnt Store Presbyterian Church.

Establish a Quorum: A quorum was established with the following present: Bob Toth, Sandy Blaesing, Al DiSessa, Linda Huber, and Dan Langone. Also present was Sherry Danko, Star Hospitality Management.

Notice of Meeting: The meeting notice was posted in accordance with the Association Bylaws and Florida Statute 720.

Disposal of Minutes: Dan Langone moved, and Linda Huber seconded to approve the December 11, 2006 Board meeting minutes. The motion carried.

President’s Report: Bob Toth began his report with comments regarding the wiring problems in the junction boxes in PGI. Although Seminole Lakes does not have this type of box, FP&L has been asked to include Seminole Lakes in their inspection program. If owners experience any power problems, they should contact the Board. Bob Toth continued by stating that the County will be doing a cost/benefit analysis to determine if a sound barrier along Burnt Store Road is necessary. The City has been asked to get involved so that Seminole Lakes is not short changed. The City proposal to allow second kitchens has been withdrawn. Owners were encouraged to attend the South Charlotte County Coalition meetings held the fourth Thursday of each month. FDOT will be attending the January meeting of the Coalition. Jan Report

Treasurer’s Report: Al DiSessa stated that 2006 is behind us, and the Association should look to 2007. After considerable research, CDs were opened at Busey Bank and Bank United for reserve ($100,000) and surplus operating funds ($100,000) at excellent rates (5.40% and 5.35% respectively). Al DiSessa responded to a resident comment made at last month’s meeting regarding the incorrect amounts being auto debited to homeowner bank accounts. Al DiSessa reported that he performed an extensive evaluation of the auto debit process that Star follows and is convinced that the procedure is sound and no errors were made. Al DiSessa added that the owner who made the statement last month had further discussion with the owners in question and advised Al DiSessa after the Board Meeting that he withdrew his statement as there were no incorrect actions taken. Al DiSessa also responded to a resident letter distributed to owners present at the December meeting regarding an opinion from Wayne Sallade, Office of Emergency Management, on hurricane reserves. After the meeting, Wayne Sallade was contacted to verify the authenticity of his comments portrayed in the resident letter and Al Disessa stated that Mr. Sallade noted that he did not realize the homeowner would embellish his comments or print selected passages out of context. Al DiSessa concluded his comments by stating that Seminole Lakes has not drawn down its reserves but rather, they have increased them by almost 100% since Hurricane Charley.  Jan Report

Lights at Seminole Lakes Blvd. & Stillwater Circle: As part of the Lakes & Road Report, Joe Ring presented a proposal to install a 19-foot pole and light at the afore-mentioned intersection. Bids were obtained from Doyle Electric ($3135 in 2005) and Bruce Ladd ($3,235). As Doyle is no longer interested, Joe Ring recommended Bruce Ladd. Bob Toth contacted the owners at the intersection and assured them that glare from the light will not be a problem. Linda Huber moved, and Al DiSessa seconded to approve up to $3500 to purchase and install the light pole. The motion carried. It will take eight weeks for the project to be completed. Full Report

ARB: Sandy Blaesing reported there were no new applications to be considered.

Pool Complex Rental Update: Sandy Blaesing gave the following report: Your Board entered into a six month rental agreement for the pool complex with Seminole Lakes, Inc., (the developer). This rental agreement was for the period of August 1, 2006, through January 31, 2007. The rental period was to determine usage patterns through several seasons and to establish an effective working relationship with the developer. We monitored the rental plan very closely and there were many hard working people behind the scenes, especially Galen Price and the Pool Committee.

While the pool complex use was not as high as expected, those that used it provided positive feedback. Daily water aerobics, Thursday evening get-togethers, and a New Year’s Day Gathering of 150 people were the most well attended activities. Options for going forward after the rental period expired were explored. General feedback from the community indicated a preference for a lease/purchase plan, rather than continuing to lease. Hours of work were put into a plot survey, a preliminary legal agreement and cover letter for a lease/purchase of the pool complex. The developer said no to our lease/purchase plan. He stated there were two parties interested in purchasing the golf course including the pool complex.

The Board then solicited additional input from the Pool Committee. With very accurate cost and use data, the Board explored continued rental of the pool complex for "operating costs," which did not include taxes or insurance. The developer was not interested in this. He further stated that the first five months’ accounting of the pool rental shows a net loss of over $2,000 and that it would not be profitable for him to continue the rental at the existing $4,000 per month. (It should be noted, however, that the developer’s accounting includes major repairs and purchases to get the pool ready for our initial rental agreement.) In summary, therefore, the current POA rental of the pool complex will terminate on January 31, 2007. The developer has advised the Board that he will offer pool memberships to interested residents. If the golf course and pool complex are sold, there may be a future opportunity for the POA to again consider a lease/purchase or rental.

Landscaping: Sandy Blaesing moved, and Dan Langone seconded to approve the $950 proposal from Greenscapes to clean out along the Burnt Store Road wall. The motion carried.

Resident Recognition: Linda Huber asked one owner to select a nominee’s name from entries received. The name chosen was Frank Glindmeir. Linda Huber read the nomination which recognized that he organized and initiated the wall alongside the golf fairway (16^th) which provides improved security for Seminole Lakes. Frank was given a gift certificate to a local restaurant. MVP Jan

Committee Reports:

Covenants: Linda Huber announced that Nick Cole has agreed to Chair the Covenants Committee effective January 1^st. His first challenge will be working with the Committee to update the Rules and Regulations to be included with the phone book directory in 2007. Owners were also reminded to inspect and clean their lights and light posts, mailboxes, and homes and roofs for mold.

Maintenance: Fred Eyrich reminded owners to remove any light adaptors used for holiday decorations. The Committee has started repairs on the wall behind Feathersound. Fred suggested that the wall be power washed before painting (to remove mold and mildew) at a total cost not to exceed $1,000. Sandy Blaesing moved, and Dan Langone seconded to approve the proposal to power wash and paint the wall. The motion carried. Fred Eyrich noted that residents along the wall would be contacted regarding water usage for the cleaning. He also noted the pavers would be installed under the bench at the end of Seminole Lakes Blvd. once Greenscapes moves the bougainvillea. Full Report

Pool Committee: Galen Price reported on the action of the Committee during the pool rental period. The activity included: monitor usage by owners and their guests, monitor electricity and water usage, monitor equipment malfunctions, cleanliness, etc., analyzing costs as compared to past years (provided by the landlord) Water and air temperatures were monitored as they pertain to the contracted 82 degrees. Galen provided further details on heat pump repairs, pool maintenance, and pool usage at other communities. Seminole Lakes usage averaged higher than other Associations.

Management: Sherry Danko reported that the POA’s accounts receivable is in great shape with only 1.1% of owners having delinquent accounts beyond the current month. She also noted that the 60-day notice of elections and the annual meeting would be mailed on January 11^th. Owners interested in being on the Board should submit their intents for one of two positions available.

Governing Documents and Legal Opinions: Bob Toth made a Power Point presentation on the Association Documents and legal opinions obtained from the Association attorney. Included in the discussion, Bob touched on the following: clarification between the sunshine law and Florida Statute 720 meeting notice requirements, the Covenants, the Bylaws, and the Articles of Incorporation and the process to amend to all. Bob Toth also discussed Attorney Client Privilege, and provided information regarding the legal opinions obtained since 2002.  Full Report

Next Meeting: The next meeting of the Board of Directors will be Monday, February 12, 2007 at 10:00am at the Burnt Store Presbyterian Church.

Comments for Future Consideration: None

Adjournment: With no further business to come before the Board, Dan Langone moved and Sandy Blaesing seconded to adjourn the meeting. The motion carried, and the meeting adjourned at 12:32 PM.

Submitted for Linda Huber, Secretary