FRYE ISLAND INCORPORATED

BOARD OF DIRECTORS MEETING

SATURDAY JUNE 10TH 2006

ADMISTRATION BUILDING CONFERENCE ROOM

 

 

Call To Order:  President Potts called the meeting to order at 7:08 PM

 

Attendance:  J. Potts, D. Norris, D. Gleeson, P. Perry, and Town Manager W. Fournier. Present by telephone conferencing was D. Giggey.  

 

Approval of Minutes: Minutes of the 05/13/06 Board Meeting were presented.                      

Motion to accept the minutes as presented by J Potts and seconded by P Perry. Minutes were accepted unanimously.

 

Communications & Petitions from the Public: Mr and Mrs J O’Connor were present and made several inquiries about the Buy Back White Paper which was mailed May 15th, 2006. .

 

Reports: None were presented.
 

Discussion Items:  (A) The Buy Back Survey Tally Process. It was determined that President J Potts and Board Member P Perry would record the balance of the surveys still outstanding at the Administration Building, June 17th, at 1PM. At the time of the evening’s meeting, approximately 222 had been received and recorded.
 

                            (B) Nominations for the FII Board were solicitated. All current serving members of the Board expressed an interest to serve for the next session, July-2006, through July-2007.

 

Old Business:  None presented for discussion.

 

New Business: (A) FII By Law Revision. After a brief discussion, FII Board Members felt it best to solicit the opinions of the FI Stockholders at the July 1st Stockholders Meeting, to determine which of two meeting dates the FII Board should align its Annual Meeting to. Further discussion on an amended date would take place at the FII Board’s first meeting after the Stockholders meeting.

 

                         (B) Capital Improvement Request. Board Member P Perry presented a proposal to fund a new “floating floor”, to correct several floor deficiencies in the recreation room, as well as balancing the lighting in the room. The Board requested that P Perry present a formal proposal representing the estimated cost of materials and labor to be reviewed and considered at a future meeting. 

 

Future Meeting Dates:

Board Meeting – 1:00 PM, Saturday, June 17, 2006. Administrative Building.
Stockholders Meeting – 9:00 AM, Saturday, July 1, 2006. Community Center.

Board Meeting – 7:00 PM, Saturday, July 8, 2006. Community Center.

Meeting Adjourment: A Motion was tendered by J Potts and seconded by P Perry. The motion was passed unanimously.

 

Respectfully Submitted,

David S Gleeson, Secretary