and Final FII Board Meeting Friday 7-16-04
Location: Community Center Building
President N. Fournier called the meeting to order at 7:02 PM.
In attendance: all 9 (nine) of the directors elected at the 7-3-04 FII Stockholders meeting, specifically, N. Fournier, J. Potts, D Babineau, R. Giggey, C. Hommel, R. Norris, J. Roberts, P. Perry, J. Atkinson.
Also in attendance: Town Manager W. Fournier, M. Hommel, J. Kuiken, B. Roberts, B. Nisula, and M. Thomas.
Motion by D. Babineau, seconded by J. Roberts, passed unanimously to accept the minutes of the FII Board meeting 6-19-04 with corrections of the lots to be merged from 1769 and 1760 to 1769 and 1770, respectively and which have been offered to O’Dwyer in exchange for lot 1805.
Motion by D. Babineau, seconded by P. Perry, passed unanimously to accept the minutes of the special FII Board meeting 6-22-04.
Motion by J. Roberts, seconded by D. Babineau, passed unanimously to accept the minutes of the FII Stockholders Meeting 7-03-04.
The FII Board of Directors elected the following officers for the ensuing year (7-1-04 to 7-1-05):
Joe Potts as President;
Dick Giggey as Vice President;
Diane Babineau as Treasurer; and
Phil Perry as Secretary.
D. Giggey updated the Board on the improvement activities on the beaches. It was noted that a serious erosion problem needs to be addressed rapidly on Beach 10. J. Potts indicated that there is a 7-1-05 deadline for corrective action to be taken by both Town and individuals before PWD and DEP might step in and start assessing fines. There was also concern expressed about the possibility of the water level being authorized to be approximately one (1) foot higher later in the summer season. Both issues will be discussed at the next Board meeting.
A FII right-of-way between lots 1737 and 1738 has obstructions in it, apparently placed by adjacent property owners. The golf committee will meet and make a recommendation as to whether this right-of-way needs to be maintained as a golf course to Cabana toilet pathway. To be decided is when it is to be cleared and by whom. Motion by J. Roberts, seconded by D. Babineau, passed unanimously to table this particular problem until the next meeting.
The Town Manager updated the Board on the merging of lots 1769 and 1770 and their offer to O’Dwyer in exchange for lot 1805. Further action is pending acceptance by O’Dwyer.
It should be noted that this exchange was initiated to solve a potential need to re-survey the entire east side of the Island at an estimated cost of $100,000 to resolve lot lines and bring all Town maps into compliance with the Cumberland County Registry maps. J. Potts and R. Norris are to run a tape measure to try to resolve the map issue.
There have been several recent requests for privacy lot sales. The sale of privacy lots continues to be on hold pending FII tax returns and further financial review now that major assets have been transferred to the Town. Their names will be added to the list of those requesting privacy lots from the last several years.
FII will check on (and promulgate if necessary) the covenants regarding using RVs to live in while constructing homes.
Now that additional FII assets have been approved and transferred to the Town of Frye Island, there is a need to execute residual leases for 2004. This needs to be done as soon as possible.
Motion by J. Potts, seconded by D. Babineau, passed unanimously to include the same legal language as previously used in the transfer of the ferry system in all of the covenants for the assets approved to be transferred to the Town of Frye Island at the 7-3-04 FII Stockholders Meeting, to wit:
“Upon any dissolution of the Town of Frye Island, the (here insert the name of the transferred asset) will be transferred to Frye Island, Inc. which may, in its sole discretion, accept or decline such transfer.”
The next FII Board meeting will be 8-6-04, 7 PM at the Community Center.
Motion to adjourn at 9:40 PM by J. Roberts, seconded by D. Giggey, passed unanimously.
Respectfully Submitted by,
Phil Perry, Secretary