FII BOARD MINUTES

OCTOBER 18, 2002 at 8:00 PM

ADMINISTRATION BUILDING

 

 

I. CALL TO ORDER:

Call to order at approximately 8:15 (late as FINS had wrong time and location)

 

II. ATTENDANCE :

Babineau, Fournier, Giggy (by phone), Hommel (excused for eye problem), Norris, Sullivan-Toomey, Thomas, General Manager Wayne Fournier, Mueller (by phone), guest Treacy
 

III. APPROVAL OF MINUTES

Approved except: 1) change date of prior meeting to Sept. 20; 2) under Frye Island Corp. list Hummel as Secretary; and 3) reasons for financials re loans payoffs changed/ removed
 

IV. APPROVAL OF STORE/CAFE LEASE:

Approved

 

IV. APPROVAL OF TOWN LEASE

Approved with correction of typographical errors

 

V. FINANCIALS

Laurie and Diane to check status of money allocated to town in 2001

 

Potential allocation of money to limit taxes for 2002 to be researched by Mark with same general adjustments as prior year
 

VI. GOLF REPORT

Working on possible driving range financing and developing a transfer report for Town operation in accord with new Town lease.

 

VII. MARINA REPORT

Gravel spread on roads, beavers (5) gone.  Yacht Club Policy Handbook rewrite continues.  Rental Payments to slip owners to be processed.
 

VIII REAL ESTATE

One official offer for inland lots on #1942 and #1941 $15,000.  The Board indicated a feeling that this offer is probably low but will be started through process when island opens in the spring so it can be advertised/posted; check was received and deposited;

 

A waterfront offer was submitted with no deposit.  Not considered.

 

The letters on Right of First Refusal are being developed and will be sent out shortly.

 

A notice of recruitment for the Steering Committee to be published in the Winter FINS.  Individuals expressing interest to date are Ed Charrette and Dick Giggey.

 

IX. RECREATION BEACH AND SURROUNDING AREA

Mr Treacy wants to swap 15 foot of land next to admin. building for 1 inland lot and will buy adjacent lot (both opposite road into recreation beach).  There was some discussion regarding the potential merit of purchasing area adjacent to the Administration Building.  No vote or consensus.  This issue will be discussed in future meetings.
 

The question was asked if Carl had a clear copy of deed on Earnhardt sale.  He has a copy from the Registry, but certain portions are blanked out.

 

X NEXT MEETING

Date for winter meeting: first Saturday in December (7th) at 9 A.M. somewhere
in N.H. or Mass. west of Boston

 

XI. ADJOURNMEN
Adjourned  at 10:45

 

Respectfully submitted by Diane Babineau, temp. sec.