Prior to the meeting, Sergeant Craig Brandon and Detective Tray Federici, from the Punta Gorda Police Department, gave a presentation on safety tips. They answered some questions from the audience.

Call to Order: President, Bob Toth, called the meeting to order at 10:50 AM.

Establish a Quorum: A quorum was established with the following present: Bob Toth, Jay Ward, Nick Cole, and Linda Huber. Joe Ring was absent.

Also present was Sherry Danko from Star Hospitality Management.

Proof of Notice: The meeting notice was distributed and posted according to the Association Bylaws and Florida Statute 720.

Approval of Minutes: With no changes, Jay Ward moved, and Nick Cole seconded to approve the April 14, 2008 minutes. The motion carried.

Treasurer’s Report: Nick Cole reported that the year-to-date figures through April are effectively at breakeven. He also noted that due to accumulated operating surpluses, a revised budget would be mailed prior to the June Board meeting. If approved at the June meeting, the reduction would go into affect July 1. It is also anticipated that no significant increases are expected for 2009. Full Report

Committee Reports: Linda Huber introduced the following committees:

Activity: Jay Ward presented for Wayne Karlak. Ken Ledford did a great job in organizing the sunset cruise. A Kentucky Derby Day was enjoyed by over 70 participants with refreshments and betting. A Preakness Day is scheduled for May 17^th. Bingo will be held on May 14^th at 4 PM. No other activities are planned for the rest of the month; but watch your tube for announcements.

CERT: Ray Negrycz reported that the Committee is in the process of updating their response survey forms. Red and yellow bands are being placed on the light posts for hurricane season. Owners were reminded to check their emergency supplies and to prepare their personal evacuation plans. Owners were also warned to watch for brush fires.

Lakes, Roads, & Maintenance: Fred Eyrich reported that a survey was taken of street and traffic signs. Many are being removed, repaired, painted, and re-installed by Fred Eyrich and Jack Carpenter’s help. A simulated wood stop sign has been installed as a test to determine if it can hold up to the weather. Volunteers have been addressing the weeds along the road edges. Fred Eyrich also discussed the erosion problem with Lake D which will need grading, rip rap, and sod. The Committee met with the affected owners around Lake D. Fred Eyrich advised a street catch basin needs repair which will cost approximately $870.00. Fred Eyrich stated that the repair and painting of the road side of the Burnt Store wall was completed and looks good. Volunteers are being sought to assist with straightening the fence along the golf course at the end of the wall. Owners were reminded to clean their mailboxes and light posts. During the past two weeks, 100% of the lampposts have been miraculously working. Full Report

Pool: Galen Price gave a brief overview of the operating expenses for the past 12-month period for the pool. They averaged $3,000 per month. It was suggested that the Board negotiate vigorously in future negotiations for the lease. Committee members were thanked for their contributions. Galen Price advised that the pool area is used for both Association and individual owner activities and if you have an individual event to contact someone on the Pool Committee so it can be posted on the calendar. Galen Price announced that he is resigning as Pool Chair to pursue other activities. He stated that Stu Smith has been asked to assume the role as Chair, and that the finances would be handled by Nick Cole. Full Report

Management Report: Sherry Danko gave an overview of the status of the Association’s accounts receivables which are in good shape, AVOs, work orders for Greenscapes, and violation letters sent to owners.

Old Business:
Lake D Shoreline: Bob Toth provided some background on the proposed project as well as the details of the repairs and costs. Annually, the lakes are evaluated to determine if repairs are necessary. For 2008, Lake D has been identified to be in need of repair. Bids were requested from four companies; however, only two gave firm bids. Of the two bids, the Lakes & Roads Committee is recommending Abbott Construction. They offered two alternatives: grading and dirt ($11,300) or dirt and rip rap ($46,900). For long term effects, the Committee is recommending the rip rap. The project will also require an additional $5,000 for sod. Jay Ward moved, and Nick Cole seconded to approve the rip rap project awarding the job to Abbott at a total cost not to exceed $52,000. Linda Huber inquired about the type of sod and asked if the sod installation could wait until the rainy season began. Sod installation can wait, but cannot wait too long due to possible erosion. An owner inquired about the type of stone to be used as well as the balance of the lake reserve at the end of the year. Nick Cole responded the reserve would be $15,000 to $20,000. The motion carried.

Stop Signs: The Lakes, Roads, & Maintenance Committee recommended that the Board wait one year to see how the sample stop sign holds up before purchasing others. The Board agreed.

New Business:
Architectural Review:
26101 Feathersound: enclose lanai: Nick Cole moved, and Bob Toth seconded to approve the request. The motion carried.

26370 Feathersound: enclose lanai, with block even with the back of the house; the portion away from the back of the house will remain under the screen enclosure: Nick Cole moved, and Linda Huber seconded to approve the request. The motion carried.

26265 Feathersound: satellite dish on rear of house: Linda Huber moved, and Nick Cole seconded to approve the request. The motion carried.

Catch Basin on Seminole Lakes Blvd: Per Fed Eyrich’s earlier comments, Bob Toth conveyed to the Board the need to repair the catch basin on Seminole Lakes Blvd. The cost would be $870 if done by Abbott Construction while they are on property to do the Lake D repairs. It must be done while the water level is low. Linda Huber moved, and Nick Cole seconded to approve the repair at $870.00. The motion carried.

Next Meeting: The next meeting will be held June 9, 2008 at 10 AM at the Burnt Store Presbyterian Church.

Owner Comments:
One owner asked about the objective of the proposed reduction to the budget. Nick Cole responded that the purpose was to absorb past accumulated operating surpluses. Another owner expressed concern about the brown spots in the lawns which is due to the severe drought. Owners may consider having their irrigation go through the cycle twice on the allotted day, i.e. once in the morning and once in the evening.

The issue of speeding in the community was raised again.

Adjournment: With no further business to come before the Board, Jay Ward moved and Nick Cole seconded to adjourn the meeting. The motion carried, and the meeting adjourned at 11:45 AM.

Sherry Danko

For Linda Huber, Secretary