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UNAPPROVED – PENDING NEXT BOARD MEETING
THE CHARTER CLUB OF
MINUTES OF THE BOARD OF DIRECTORS ANNUAL MEETING
December 14, 2007
The annual meeting of the Board of Directors (the “Board”)
of The Charter Club of Naples Bay
Owners’ Association, Inc. (the “Association”) was held on December 14, 2007,
at the Charter Club of Naples Bay, a condominium, located at
Jim
Anderson
President
Larry Foust
Vice
President
Bert Ramgren Treasure
Ms. Sanders was present via telephone. The following members
of Island One Resorts Management Corporation (the “Management Company”),
the management company for the Condominium, were also present:
Also present was Rob Samouce, counsel for the Association.
Ms. Stumbras welcomed everyone and introduced the members
of the Board and representatives of the Management Company who were present.
Mr. Anderson welcomed everyone in attendance and noted that,
as President of the Association, he would act as Chair of the meeting.
Mr. Samouce affirmed that all of the directors were present
at the meeting, that the Board, therefore, had a quorum present and that the Board
could legally conduct business. He
also provided proof that the meeting notice had been mailed to the Board and posted
on the Condominium property in accordance with the Association Bylaws and
The Chair then presented the minutes of the Board
WHEREUPON,
after discussion and motion duly made and seconded, the following resolution was
unanimously adopted:
RESOLVED,
that the minutes of the Board of Directors
RESOLVED, FURTHER, that the Secretary be, and is, authorized
and directed to place the minutes in the official records of the Association.
As the next item of business, the Chair proposed that the
Board adopt a resolution approving the waiver of statutory funding of reserves and
recommending that the waiver be presented for adoption at the annual meeting of
the owners of the Association.
WHEREUPON,
after discussion and motion duly made and seconded, the following resolution was
unanimously adopted:
RESOLVED,
that the members of the Board approve waiver of statutory funding of the reserves
of the Association as required by statute, and that the reserves be funded at the
levels as set forth in the proposed 2008 Association budget; and
RESOLVED, FURTHER, that the decision to waive statutory funding
of the reserves be presented to the owners of the Association for consideration
and approval.
As the next item of business, the Chair suggested that the
Board approve a resolution adopting the proposed 2008 budget for the Association
and recommending that the 2008 budget be presented for adoption at the annual meeting
of the owners of the Association.
WHEREUPON,
after discussion and motion duly made and seconded, the following resolution was
unanimously adopted:
RESOLVED,
that the proposed 2008 budget for the Association be, and it is, adopted; and
RESOLVED, FURTHER, that the proposed 2008 budget for the
Association be presented to the owners of the Association for consideration and
approval.
The Chair then proposed that the Board adopt a resolution
as required by Florida Statutes waiving
the category restrictions on reserve accounts and recommending that the waiver be
presented for consideration and adoption at the annual meeting of the owners of
the Association.
WHEREUPON,
after discussion and motion duly made and seconded, the following resolution was
unanimously adopted:
RESOLVED,
that the members of the Board approve
waiver of the category restrictions on reserve accounts of the Association; and
RESOLVED, FURTHER, that the decision to waive category restrictions on reserve accounts be presented
to the owners of the Association for consideration and approval.
There being no further business, the meeting was unanimously
adjourned at 9:15 a.m.
_______________________
The Board met at 9:45
am on December 14, 2007, after the annual Association meeting and addressed the
appointment of officers for 2008.
WHEREUPON, after discussion and motion duly made and seconded, the following
resolution was unanimously adopted:
RESOLVED, that the Board members serve in the following capacities for 2008:
Jim Anderson – President
Bert Ramgren – Treasurer
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UNAPPROVED – PENDING
NEXT ASSOCIATION MEETING
THE CHARTER CLUB OF
MINUTES OF THE
ANNUAL OWNERS’ MEETING
December 14, 2007
The annual meeting of The Charter Club of Naples Bay Owners’
Association, Inc. (the “Association”) was held on December 14, 2007, at the
Charter Club of Naples Bay, a condominium, located at
Jim Anderson
President
Larry Foust
Vice President
Bert Ramgren
Treasurer
Ms. Sanders was present via telephone. The following members
of Island One Resorts Management Corporation (the “Management Company”),
the management company for the Condominium, were also present:
Also present was Rob Samouce, counsel for the Association.
Ms. Stumbras welcomed everyone and introduced the members
of the Board and representatives of the Management Company who were present.
Mr. Anderson welcomed everyone in attendance and noted that,
as President of the Association, he would act as Chair of the meeting.
The Chair announced that a quorum was needed to hold the
meeting. Mr. Samouce certified the
proxies, noting that a total number of 937 were present either in person or by proxy. Mr. Samouce then stated that the majority
quorum requirement as set forth in the Bylaws of the Association was met.
Mr. Samouce then provided proof that the meeting notice
had been mailed to the owners and posted on the Condominium property in accordance
with the Association Bylaws and
The Chair then presented the minutes of the
WHEREUPON,
after discussion and motion duly made and seconded, the following resolution was
unanimously adopted:
RESOLVED,
that the minutes of the
RESOLVED, FURTHER, that the Secretary be, and is, authorized
and directed to place the minutes in the official records of the Association.
The Chair called upon Ms. Rozzo to present the financial
report and discuss the budget for 2008.
The Chair then called upon Mr. Wolner to present a report on operations and items
of interest at the resort.
The Chair then called upon Mr. Samouce to explain the election
process. Mr. Samouce announced that the two-year
term director positions held by Mr. Foust and Mr. Ramgren were up for
election, that Mr. Foust and Mr. Ramgren had indicated that they wished to run for
reelection and that there were no other candidates.
Mr. Foust and Mr. Ramgren addressed the owners present.
At this point, Mr. Samouce requested that the members present indicate their
vote for director and submit their ballots.
Under the supervision of Mr. Samouce, the Management Company collected the ballots
for the election of directors and tallied the votes.
As new business, the Chair stated that each of the members
present who had not mailed their proxies had received a ballot upon signing in. The Chair stated that there would be
discussion of the items presented, the owners would then have the opportunity to
indicate their vote on the items of new business and then ballots would be collected.
The first item of new business was the waiver of statutory
funding of the reserves which had been approved by the Board at the Board annual
meeting. After discussion, the Chair
asked for a motion approving the waiver of full funding of reserves.
Motion was made and seconded.
As the second item of new business, the Chair called for
discussion of the 2008 budget which had been approved by the Board at the Board
annual meeting. After discussion, the
Chair asked for a motion approving the waiver of full funding of reserves.
Motion was made and seconded.
The next item of new business was discussion of waiver of
category restrictions on reserves which had been approved by the Board at the Board
annual meeting. After discussion, the
Chair asked for a motion approving the waiver of full funding of reserves.
Motion was made and seconded.
The Management Company then collected and tallied the ballots.
The Chair then called upon Mr. Samouce to certify the vote
count. Mr. Samouce announced that Mr.
Foust and Mr. Ramgren were elected to a two year term.
Mr. Samouce then reported on the results of the vote on
the items of new business. He stated
that the waiver of statutory funding of reserves was approved by a majority consisting
of 923 votes in favor with 16 votes against; that the budget was approved by a majority
consisting of 894 votes in favor with 21 votes against; and that the waiver of category
restrictions on reserve accounts for 2008 was approved by a majority consisting
of 877 votes in favor, with 31 votes against.
The Chair then opened the floor to discussion and representatives
of the Management Company and the Board answered questions from the owners.
There being no further business, the meeting was adjourned
at 9:45 a.m.
_______________________
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