FII BOARD MINUTES
SEPTEMBER 30, 2000
COMMUNITY CENTER

1. CALL TO ORDER:

The meeting was called to order by  President Thomas at 12:35 P.M.

2. ATTENDANCE

Present were Steve Comley, Bill Gately, Carl Hommel, Fritz Mueller, Oleg Svetlichny, Mark Thomas and General Manager Rich Roedner. Dave Decker, Dick Giggey and Diane Babineau were absent.

3. REVEW PROPOSED FII BUDGET

Hommel MOVED and Svetlichny SECONDED that the FII budget be approved with the addition of adding the transfer of $2,500 from the FII Reserve Fund to establish a Ball Field Maintenance Reserve Fund. Motion PASSED unanimously.

4. NEW BUSINESS

Possible uses of the FII Reserve Funds were discussed, but no action was taken. This will be discussed again at the Winter Meeting. Ideas mentioned included investing the money and using only the interest, purchasing unbuildable lots and inland lots from private owners to reduce the buildable lot inventory below 750, and then selling more waterfront lots. Hommel was authorized to discuss this with Island Realtors and get their lists of inland lots.

General Manager Roedner reported that he had been asked if the FII Board of Directors meetings could be posted on the Webpage. It was agreed that this would be done.

MOVED and SECONDED that the meeting be adjourned. PASSED unanimously. The meeting was adjourned at 1.15 PM.