FRYE ISLAND INCORPORATED
BOARD OF DIRECTORS MEETING
Call To Order:
President Potts called the meeting to order at 7:06 PM
J. Potts, D. Norris, D. Gleeson, and Town Manager W. Fournier
Present by telephone conferencing were D. Giggey and P. Perry.
Approval of Minutes: Corrections to future planned meeting dates were made,
discussed and approved. Motion to accept the minutes of the 08/27/05 Board Meeting was made by D. Norris, seconded by P. Perry and passed unanimously.
Communications & Petitions from the Public: There were none presented.
Reports: Financial Report for the year ending 2005 and a summary through April 2006 was presented by J. Potts. These reports were reviewed, discussed and accepted by the Board.
(B.) Buy Back White Paper to be mailed with questionnaire - A discussion ensued covering the final details of the draft to be mailed. A motion to accept the White Paper in its final form was made by P. Perry, and seconded by D. Giggey. The Motion passed with (4) voting for the final draft and (1) against it
(C.) Proxy Ballot to Stockholders – August 2006. A discussion ensued resulting in the deletion of the August 2006 report date to a date to be determined. A final draft was approved. Board Member D. Norris will present the final letter to Town Manager W. Fournier for printing.
New Business. None
Next Meeting Dates:
(A.) Board Meeting 7:00 PM. Saturday June 10, 2006.
(B.) Stockholders Meeting. 9:00 AM. Saturday July 1, 2006.
Motion made by P Perry to adjourn the meeting at 9:05 PM , and seconded by D Gleeson. Motion passed unanimously.
David S Gleeson, Secretary