Annual Meeting-November 15, 2011

FOUR WINDS BEACH RESORT C ONDOMINIUM ASSOCIATION, INC.

ANNUAL MEETING OF THE MEMBERSHIP

NOVEMBER 15, 2011

A meeting of the Four Winds Beach Resort Condominium Association, Inc. was held on November 15, 2011 at 10:00 A.M. at the Four Winds Beach Resort.  Present were President, Joe Walsh, Vice-President, Pat Webb, Treasurer, John Tanner, Secretary, Paul Erickson and Directors Bill Cunningham, Del Gorecki and Chuck Govin.  Also present were General Manager, Nancy Yoder, Four Winds Realtor, Kathleen Rhodes and Bookkeeper, Mary Kay Rasmussen.  Present in the audience were owners Yvonne Gorecki, Jackie Walsh, Bobbie Erickson, Janet Webb, June Young, Leonard Woynoski, Marion Woynoski, Helen and Dick Kotal, Patricia Ayers, Barbara Bull, Leo Christian, Phyllis Billingsly, Steve Sadler, Guy and Terri Candido, Rich and Sharon Olson, Jeri Schletter and Susann Mlynarski.

CALL TO ORDER:

President Walsh called the meeting to order and introduced the Board members to the audience.

APPROVAL OF MINUTES:

President Walsh asked the Board members to review the Minutes of the Annual Meeting held on November 3, 2010.  Director Gorecki moved to approve the minutes and the motion was seconded by Director Cunningham and passed unanimously.

NOMINATIONS:

President Walsh asked if there were any nominations from the floor to fill the four positions being voted on today.  There were none.

TREASURER’S REPORT:

President Walsh called on Treasurer Tanner to discuss the Treasurer’s Report of October 31, 2011.  He reviewed the various balances and confirmed that Operating and Reserves were in very good shape.  Secretary Erickson moved to accept the Treasurer’s Report as presented.  Director Govin seconded the motion and it passed unanimously.

FLOOR DISCUSSION:

Guy Candido inquired about replacement of furniture, ceiling fans, faucets and lights above the dining room table.  He stated that he felt if we spent more on these fixtures, that the replacement would not be as frequent.   Phyllis Billingsly asked why TV’s were not provided in the penthouse guest bedroom.  Treasurer Tanner explained his reasons against providing TV’s to the larger units.  Unit owners that are in smaller units pay for these TV’s as part of their maintenance fees, and do not get the benefits that larger units receive. It’s a matter of fairness to the owners of the smaller units.  President Walsh stated that we are improving the units in steps.  Mr. Candido stated his appreciation of the safes in the units.  Treasurer Tanner stated that the Studios are set to be complete with tile and vanities during the remainder of 2011 and in 2012.  Bedroom furniture is scheduled to be replaced in 2013, along with the tennis courts and other improvements.  A sample of bedroom furniture will be delivered this week and tested for durability to determine the quality.  If the furniture meets the criteria for our resort, more will be purchased during the next few years.  TV’s will be purchased for master bedrooms.

OUTCOME OF ELECTION:

President Walsh announced the outcome of the election.  The results are as follows:  Joe Walsh, Del Gorecki, Chuck Govin and Bob Bonzer were elected.  A quorum of 67.79% was met and 31 unit weeks were represented by owners present.

NEW BUSINESS:

Nancy explained that we are replacing windows in the center building for Phase I of the project.  Phase II will include the wings and will hopefully be completed by the end of 2012.  The windows are by code and will be a great improvement.  Mr. Sadler inquired if the bathroom windows would be the slide type or crank out type.  They are definitely slide windows that conform to hurricane code, are tinted and they are approved by the Town of Longboat Key. Marion Woynoski complimented the staff for handling the problems that arise.  She is grateful for the new windows.

PRESENTATION:

President Walsh thanked Pat Webb for his service to Four Winds in the past several years.  Pat is retiring after this meeting and we will miss him greatly.  He presented Pat with an engraved plaque in appreciation of his contributions to Four Winds.

Treasurer Tanner thanked Nancy for the wonderful job she does as manager and also thanked Kathleen for all she does as well.

ADJOURNMENT:

Director Gorecki moved to adjourn the meeting and the motion was seconded by director Govin and passed unanimously.

Respectfully submitted,
Mary Kay Rasmussen
For Secretary Erickson