Pre-Agenda:

Frank Glindmeier presented a tribute in memory of September 11, 2001. Connie Swett provided musical accompaniment.

Lee Swift, Vice-Chair of the Charlotte County School Board, gave a presentation on the sales tax referendum. The audience had the opportunity to ask questions.

Call to Order: The meeting was called to order at 10:50 AM by Bob Toth, President, at the Burnt Store Presbyterian Church.

Establish a Quorum: A quorum was established with the following present: Bob Toth, Dan Langone, Al DiSessa, Linda Huber, and Jay Ward. 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 Al DiSessa seconded to approve the June 11, 2007 Board meeting minutes. The motion carried.

President’s Report: Bob Toth reported that a number of State Bills took effect on July 1^st that will have an impact on HOAs. These changes are currently being analyzed and will be reported upon further in the future. Bob Toth indicated that the Outback Restaurant withdrew its interest to build a restaurant in the Sweet Bay Plaza. He also discussed The Loop, a shopping area planned for Jones Loop Road which is expected to open in 2009.

Treasurer’s Report: Al DiSessa reported that the year to date surplus as of August 31^st is $34,432.30. The Reserve balance at August 31^st is $455,702.05. This is after disbursements for the Lake A restoration project. Except for the Lake A project, expenses for the past three months have been usual and customary. In September, three CDs will be expiring. Al Disessa expects to renew at the same or higher rates. The next ten weeks will be spent on budget preparation for 2008. Al DiSessa reported that the Lake A Reserve was short in funding the restoration project. As the Lake A operating expense category was running under budget, it could accommodate a portion of the expense. After some discussion, Al DiSessa moved, and Linda Huber seconded to approve transferring $3,639.10 of the Lake A reserve (restoration) expense to the Lake A operating expense category. The motion carried.  Full Report

Lake A Repair Summary: Bob Toth gave a slide and movie presentation which gave a visual summary of the pre and post aspects of the restoration project. The movie presentation was prepared by George Anderer. Both were well received.

Telephone Directory Report: June Toth announced the 2007-09 directories were ready. They incorporated some new additions including dividers, revised Important Phone Numbers, revised Rules & Regulations, and a revised map. Owners were encouraged to make certain they had an ivory colored page 1. The project came in under budget at a cost of $1515.20. June Toth thanked the members of the committee who worked diligently on this project.

Ad Hoc Committee for the Amenities: Jay Ward began discussion on the possible purchase of the amenities by the POA. He stated that the Board has no formal opinion at this time. Jay Ward added that the Association attorney advised this would be a major undertaking and clearly not easy. He noted that Becker & Poliakoff indicated the preliminary legal costs would be in the $10,000 range. Jay Ward moved, and Dan Langone seconded to approve the following: Skip Slattery and Dave Osweiler to head an ad hoc committee to investigate the purchase of the amenities from the developer. The committee will be responsible for the following: establish a timeline for the proposed purchase; set up meetings with the POA Board with representatives of banks, golf course management consultants, and any appraisers that might do an appraisal in the future; develop rough numbers related to cost per parcel for the purchase of the amenities; and if possible, determine operating costs and potential profit/loss from the amenities operation. The committee would be empowered to enlist as many additional members as they may deem necessary. The committee would not be permitted to expend funds at this time. Discussion continued as follows: 2/3 positive membership votes would be necessary for the purchase and for financing. Most Association-owned courses are private, not public. It would be difficult if not impossible to obtain all of the votes needed for the various issues, especially amending our documents since they do not provide for owning and operating a public golf course. The committee needs to be knowledgeable of the documents and the statues. The storm water drainage system on the developer property is a major concern due to shoreline and headwall erosion and possible violation of SWFWMD permit requirements. It would have to be resolved before any amenities purchase. It was suggested that the committee have five to seven members with golfers and non-golfers. The ad hoc committee should not restrict its discussions with one bank and one golf course consultant. The negative impact on real estate sales must be considered. One owner felt the Board should not sanction this committee. The committee would be looking to see if the amenities purchase (all or part) would be feasible. A business plan would have to be created and address all issues and concerns. Owners were reminded to focus on the motion, not the details of the committee’s duties. The committee should check other courses and associations who own courses. The Board voted, and the motion carried.

ARC: None

Punta Gorda Fire Safety: Bob Toth moved, and Linda Huber seconded to support the PG Fire Safety Program by spending $100.00 to purchase safety manuals for 50 children. The motion carried.

Resident Recognition: Robert Hess’ name was selected. He was praised for his help and advice for numerous projects over the years. He never refuses a request for help. Robert Hess will be awarded a $50 gift certificate to a local restaurant and have his picture in the Grapevine. MVP Sept 07

Committee Reports: Linda Huber introduced the committees as follows:

Activities: On behalf of Wayne Karlack, Linda Mack presented the report. She made mention of the following: successful hurricane and labor day parties and golf scramble, POPS Concert on Oct. 20, Halloween Party on Oct. 29, Pumpkin Carving on Oct. 31, a possible Par Love event, bowling, Flamingo Races, and the Christmas Party on Dec. 17.

CERT: Ray Negrycz reported that the Committee trained on communications and equipment management. Members were encouraged to have a personal evacuation plan and hurricane disaster supply kit which includes: First aid kit and essential medications, canned food and manually operated can opener, at least three gallons of water per person, protective clothing, rainwear, and bedding or sleeping bags, battery operated radio, flashlight, and extra batteries, special items required by disabled family members, and written instructions on how to turn off electricity and water if authorities advise you to do so.

Pool Committee: Galen Price gave a brief overview of the pool activities and expenses since June. Expenses have been coming in under budget. During the cooler months, this will change with heating the pool. A policy for adequately heating the pool is being considered.

Management: Sherry Danko reported that only 1% of owners are delinquent in their monthly fees. Owners were reminded to contact Star when returning for the winter months so they are sure to receive association mailings in a timely manner. Address and phone number changes, received by Star, are shared with the Directory Committee.

Next Meeting: Bob Toth reported that the next meeting will be Monday, October 8, 2007 at 10:00am at the Burnt Store Presbyterian Church.

Comments for Future Consideration: An owner expressed his concern about the possible installation of a propane gas tank in a neighboring yard to support a generator. The Board advised that this would be discussed at the next meeting.

Adjournment: With no further business to come before the Board, Jay Ward moved, and Dan Langone seconded to adjourn. The motion carried, and the meeting adjourned at 12:05 PM

Submitted for Linda Huber, Secretary