FOUR WINDS BEACH RESORT CONDOMINIUM ASSOCIATION, INC.

BOARD OF DIRECTOR’S MEETING/TELECONFERENCE

MARCH 7, 2007

 

 

 

A meeting of the Board of Directors of the Four Winds Beach Resort Condominium Association, Inc. was held at 10:00 AM, on March 7, 2007 at the resort.  Present were Vice President Pat Webb, Director Shirley Schilla, General Manager Nancy Yoder, and Assistant Manager Larry Claypool.  Attending by phone were President Joe Walsh, Treasurer John Tanner, Secretary Paul Erickson, and Director Bill Cunningham.  Mr. Claypool notified the phone participants that the meeting was being recorded and if they did not identify themselves they would not be recognized for purposes of discussion.

 

POOL & SPA HEATERS:

President Walsh called the meeting to order, and explained that the purpose of the meeting was to discuss the situation concerning the pool and spa heaters.  He then asked Nancy to explain what had taken place in this regard.  She explained the history of the replacement of the pool heater in 2006 and the consideration of returning to geo-thermal heating of the pool and spa.  She explained that Symbiont Pools had made a proposal to replace the current heaters for a total cost of $31,939.  She said that after discussions between herself, Treasurer Tanner, President Walsh and Symbiont concerning payment options, it had been decided that the best solution available was for Four Winds to pay 50% ($15,969.50) now, with a balance due in 12 monthly payments of $1341, starting 90-days after installation, and would include no interest.  She said Symbiont could do this immediately. 

 

Treasurer Tanner explained that while the Board had already approved putting in the geothermal spa heater, but that it became clear that since the heat exchanger was the expensive part of the system it did not make financial sense to install just part of the system.  He emphasized the point, made by Nancy, that the Resort was spending a lot of money on gas to heat the pool and spa now.  He explained that the Board could move money from the asphalt overlay and dining table line items to partially pay for this unforeseen expense, which amounted to $23,000 of the amount needed.  He also said he was sure the Board could come up with the balance by September. 

 

At President Walsh’s request, Director Cunningham moved that the Board go ahead with the replacement of the heaters according to the way Treasurer Tanner had explained the financing of the project.  Nancy explained that the only other costs not included in the above quote were the costs of getting the Longboat Key permits.  As such, Secretary Erickson seconded the motion, which then passed unanimously. 

 

The Board encouraged Nancy to get this done as soon as possible, and suggested that Director Schilla could be helpful in handling any guests inconvenienced by the work.

 

ADJOURNMENT:

President Walsh asked for a motion to adjourn.  The motion to adjourn was made by Treasurer Tanner and seconded by Director Schilla.  The motion then carried unanimously.  The next scheduled meeting of the Four Winds Condominium Association Board of Directors is a teleconference at 10 AM on May 22, 2007.

 

Respectfully submitted,

Larry Claypool

For Paul Erickson

3/10/07