- All Directors were
present. Vrazel handed out minutes of October’s meeting. Celia motioned to accept it after
everyone read them and Jack seconded it – all were in favor.
- Roland presented the
Lake Proposal to be presented to the Leisure Lands board of
directors. Van Duyne read
them aloud. Discussion ensued
regarding how something like this could be passed. Gilmartin concluded sagely,
“Nothing ventured, nothing gained.”
- Roland also informed
all that the generator instructions, which she showed all, were to be
posted down stairs by the flash lights in the liquor room.
- Mallin proposed a
by-law amendment regarding Charter Members who sell their houses – to give
the option to remain a member while not being a Leisure Lands
resident. This could be
accomplished if the member continued to pay the yearly dues and
assessments. All were in
favor. He also questioned
what the redemption fee mentioned in the by-laws would be? It was determined that that would
be the initial amount put forward – so also added in the amendment would
state this as $75.
- Roland then proposed
the by-law amendment put forth by Audrey Pappas regarding a regular member
moving up to Charter Member status.
It was determined that this could be done after researching similar
organizations and consulting the attorney for Lakeview. Roland presented that Charter
Membership worth could be determined with the following formula: Current Lakeview Worth (land,
facilities & license)- less debt / divided by current amount of
charter member = equals a prorated share of total worth. Reilly made the motion to accept
the proposal to amend the by-laws.
Van Duyne seconded it and all were in favor.
motioned for approval and Gilmartin seconded it. All were in favor. It was determined that votes must be postdated by
December 15th to be valid. Votes not received would be counted as yes votes. Majority of total membership
party for the membership scheduled for December 10th. 1 Free drink and free eats.
- Reilly asked about
taxes. $3800 short of funds,
Reilly motioned to accept Van Duyne’s proposal to take it from the line of
credit, Van Duyne seconded it.
All were in favor.
meeting set for December 19th at 7:45 pm. Roland adjourned the meeting.