Gilford Yacht Club
Quarterly meeting Minutes
In Attendance:
Steve Wilson, Dave Almstrom, Tim Matyuf, Svend Filby, Dimitry Zhivotovsky and Dave Johnson
Meeting called to order at 1:03 PM
Financials: Dave A presented a bill received from Secretary Steve Wilson for stamps, copies, and envelopes for $80.45 motion made to reimburse. Passed 5-0.
A/R aging summary was presented to show current nonpayment of dues. The board discussed late fee charges after April 1. The board decided to follow Article XI section F of the amended and restated bylaws for GYC, which states there will be a late fee of $50.00 for each thirty-day period it is overdue. Tim Made a motion to adopt, board accepted 5-0.
The board also made a motion to clear an outstanding balance of $1050.00 on the A/R aging report going back over 4 years that has no paper trail and would be difficult to collect. Dave A made a motion to accept. Board voted 5-0 to accept.
Because our last annual meeting notice may have inadvertently gone out without the location address, the board is going to re-vote on the removal of Rich Bono and Mike Mayo from the capital improvement committee. Motion was made by Tim, board agreed voted 5-0 to accept, and motion by Dave A to remove Al Posnak from Investment committee. Board agreed voted 5-0 to accept
Projects:
Solar lights along finger docks
Lattice on Gas dock Bathhouse
New propane water heater for gas dock bathhouse (have propane company install )
Repair shed walls with T-111
Need to find a new lawn caretaker
Steve made a motion to increase Matt’s pay by $20.00 a week for cleaning bathrooms, Matt does a great job and is very reliable. The board voted unanimously 5-0.
Dave A. Spoke regarding GYC Insurance renewal, after talking with our insurers and looking over our policy, it was determined to stop coverage on gas dock, the only dock in GYC insured for replacement value. Still covered under liability.
The lift was insured for 25k. Insurance company said they would not pay this amount to replace it.
Insurance Savings $1500.00
Dock rentals: Board decided that if an owner wants to rent an extra slip from another owner for Jet skis this is OK as long as they don’t exceed the dock’s deeded measurements. Renters cannot rent slips for their jet skis.
Svend suggests GYC go over our rental policies to make sure owners are following the rules to make sure renters have insurance per our by-laws.
Tim mentioned that there seems to be a lot more boat trailers and we need to keep a better handle on whose trailer is whose, so we are not allowing the public to park trailers in our lot.
Motion to adjourn 2:18PM