Meetings

A motion to approve the minutes as written was made by Niles Kin and seconded by Jalisa Reever. Vote was 2 – approved; 1 – objection. Motion was passed as presented.

4. Establish Captains for Each Building for Proxies

Mr. Kin stated that a list of units that had not turned in proxies would be given to Ms. Reever and Mr. Colin for the purpose of contacting these owners.

Mrs. Ullmann informed the Board that a mailing had gone out with the form for the owners to complete regarding their choice of tiles. She was then giving these to Larry West.

5. Grande Cay Repair Check List Update

At this time there were no outstanding items on the list.

6. Discussion

There were a few questions from homeowners present regarding the lanai project. Mr. Kin explained that all of these were addressed at the last Town Hall Meeting.

7. Next Meeting Date

The next meeting will be the Special Meeting at the Grande Cay pool on March 28, 2008

at 9 AM.

8. Adjournment

A motion was made by Jalisa Reever to adjourn the meeting. Mr. Conlin seconded the motion. Meeting was adjourned at 9:30 AM.

Grande Cay Recreation Association Inc.

Board of Directors Meeting

Date: February 12, 2008

Time: 2:00PM

Location: Management offices and by teleconference

Board Members Present: Bill Banglesdorf, Tom Conlin and Denny Collins with Jalisa Reever via teleconference. Niles Kin was unavailable. Mike Gill attended to present his report.

Also Present: Rod Middleton and Sheila Ullmann of Suitor & Associates and many interested owners

Establish a Quorum

Four Board Members were presented thereby representing a quorum with due and appropriate notice given and posted.

Call to Order

Mr. Banglesdorf called the meeting to order at 2:00PM.

Approval of Minutes was deferred to the next meeting without objection.

New Business: Mr. Gill was invited to summarize his report for the benefit of Directors. He offered a prepared report which summarized scope timing and anticipated costs associated with the building repairs determined from the LCM Engineering report. Lanai conditions were outlined as was a process summary. A copy of the report is attached to and forms part of the minutes of the meeting.

After discussion, Mr. Collins moved to proceed with the project and including a funding provision for shutter/slider removal and reinstallation conditional upon no new slider or shutter installations pending completion of remedial repairs. Mr. Banglesdorf seconded the motion which carried unanimously.

A question was raised relative to the merits of seeking a legal opinion as to the Association’s authority to include shutter/slider removal and reinstallation costs for individual units where work was required. Discussion ensued with no action taken.

Other Business: Contracts with LCM Engineering and LW Construction were presented by Mr. Gill. He noted that the construction contract was prepared by legal counsel and did not include a bonding provision.

Discussion followed as to scope of work and anticipated timing. A phased approach was discussed and considered. Owner comments and questions were received. Mr. Collins moved to proceed with the complete project and to execute contracts with LW Construction as written without provision for construction completion bonding and LCM Engineering for construction oversight. Jalissa Reever seconded the motion which carried unanimously.

Mr. Collins reviewed anticipated project costs, legal fees and possible interest expense if bank funding was obtained. It was determined that an assessment in excess of $12,000 in aggregate could be required if a bank loan arrangement was negotiated. Discussion followed as to the merits and costs of a structured multi year borrowing arrangement. Many members present recommended proceeding with the full project with the necessary assessments as opposed to incurring interest carrying costs associated with a bank loan. Mr. Collins moved to approve a special assessment of $9,500 per unit with anticipated payment terms of $3500 May 31, 2008, $4000 November 30 and $2000 June 30, 2009. Use of proceeds will be for lanai construction costs and associated contingencies and forn legal costs associated with possible developer litigation. Mr. Conlin seconded the motion which carried unanimously. A meeting will be convened February 28, 2008 at 9:00AM at the management offices to formally adopt the special assessment.

Mr. Collins addressed the Association year end financial results and previous deliberations to revise the 2008 operating budget to reflect savings in insurance costs. Thanks were offered to Mr. Sam Herold and Mr. Banglesdorf for their diligence and effort in securing more favorably priced property and wind insurance. Mr. Collins moved to approve a revised 2008 budget for the second, third and fourth quarter dues at $1030 per unit. Mr. Banglesdorf seconded the motion which carried unanimously. Notice will be mailed to the membership with formal adoption of the revised budget February 28, 2008 at 9:00AM.

Mr. Banglesdorf noted that Mr. Kin had corresponded with director candidate Mr. Pereira thanking him for entering his name into nomination as a director and seeking clarification as to concerns and comments offered in his resume. Mr. Pereira was invited to attend at a Board meeting to share his comments and concerns.

President Banglesdorf commented on continued violation at unit 2904 relative to window blinds. Management will issue a formal demand letter seeking abatement within 10 days failing which the matter will be referred to the Fining Committee.

The next meeting will be February 28, 2008 the management offices.

Adjournment:

Denny Collins moved to adjourn the meeting at 3:45PM. Tom Conlin seconded the motion and the meeting was adjourned.

Grande Cay Recreation Association Inc.

Board of Directors Meeting

Date: December 19, 2007 APPROVED

Time: 2:00AM

Location: Offices of Suitor & Associates

Board Members Present: Mike Gill, Niles Kin, Tom Conlin and Denny Collins with Bill Banglesdorf via teleconference.

Also Present: Rod Middleton and Sheila Ullmann of Suitor & Associates

Bill Camp of LCM Engineering and Larry West of L.W. Construction

Establish a Quorum

All Board Members were present thereby representing a quorum with due and appropriate notice given and posted.

Call to Order

Mr. Gill called the meeting to order at 2:00 AM.

Approval of Minutes of December 11, 2007 Board of Director Meeting.

Minutes held until next meeting.

Lanai Engineering Report – Bill Camp, LCM Engineering and Larry West – L.W. Construction

There was discussion of individual unit damage. Mr. West stated the there were several conditions; framing may be rotted, combination of things. He recommended for repairs to stop the source of water, repair crack in wall, rebuild the soffitt, and waterproof floors. Connect old stucco to new stucco, connect old wood to new wood.

Mr. Gill had prepared a roll up sheet. $83,000 had been approved to spend today. Mr. Gill had reviewed the expense roll up. Sliders would be taken out and put back, not replaced. There is $22,510 remaining.

Mr. Gill asked the rest of the Board if they should stop at $60,000 or go to $83,000 without legal fees.

Mr. Conlin asked if they could cover all the leaking problems first. Mr. Collins stated they must talk to the owners first. Discussion was held to have Aaron Pruss draft a letter to Pulte first.

Mr. Gill suggested they go ahead with the three units that were committed and install the vents. Mr. West stated they should put the vents in the ends if they are going into litigation. That would let them dry out. Mr. West will break down the costs.

Mr. Gill suggested that a meeting be set up with Mr. Aaron Pruss before January 1^st. Mr. West needs permit from Lee County.

Mr. Gill placed a motion to:

1. Put vents on all open holes both ends

2. Repair the 3 units

3. Meet with Mr. Pruss, Mr. Camp and Mr. West

4. LCM report by 57 boxes.

Motion was seconded by Mr. Kin. Motion passed.

Mr. Middleton informed the Board that the check from Citizens had been received.

5. Other Business

Mr. Conlin discussed the dryer vent issue. They get clogged and it can be a serious situation. He showed the Board a piece of lint that had been taken from his vent. Mr. Gill stated that there had been a service in place. Mr. Bangelsdorf suggested the name of the lint dryer company be posted by the mailboxes.

A motion to adjourn the meeting was made by Mr. Collins, seconded by Mr. Kin. Meeting was adjourned by President, Mr. Gill, at 3:15 PM

Grande Cay Recreation Association Inc.

Board of Directors Meeting

Date: December 11, 2007 APPROVED

Time: 9:00AM

Location: Offices of Suitor & Associates

Board Members Present: Mike Gill, Bill Banglesdorf with Niles Kin, Tom Conlin and Denny Collins via teleconference

Also Present: Rod Middleton and Sheila Ullmann of Suitor & Associates and two interested owners

Establish a Quorum

All Board Members were present thereby representing a quorum with due and appropriate notice given and posted.

Call to Order

Mike Gill called the meeting to order at 9:00 AM.

Approval of Minutes of November 15, 2007 Board of Director Meeting.

Denny Collins moved to approve the minutes of the November 15, 2007 Board of Director Meeting. Bill Banglesdorf seconded the motion and the motion carried unanimously.

Treasurer’s Report

Rod Middleton went over the financial report with the Board. Net loss is $7060 which does not include the $34,000 from Pulte. That will show on next month’s financial report. Therefore, the Association is roughly $28,000 ahead. The insurance this year is $28,000 better than budget. They will be in a better condition in January when they redo the budget. Most of the bills have been paid for the gutter and the lake. Denny Collins will do a summary of the gutter and lake project.

By-Law Changes for Annual Meeting

The change for directorship by Section will miss the cut off date. The other change would be to a 2/3rds vote of a quorum rather than 2/3rds of the membership.

Architectural Committee Report

Spa heater required coil replacement for $1600 against deferred maintenance. The coil was replaced because it had sprung a leak. It is working well now.

Pool screened room cabinets will have to wait for renovation.

Lake Update – waiting for county to reply for filings. Mike Gill had written to DeFilice.

Lanai Mainteance Update – The work commenced on December 5, 2007. All the buildings around the lake were opened and examined by Bill Camp from LCM. Mr. Gill asked for Board approval for full repair of #3103 and #3104. The box is fully rotted. Water had ruined the drywall in the bedroom which cost $900.00. The letter which was sent to the other units will be sent to Unit #2407.

Mr. Gill suggested that there be another Board Meeting next week as the report will be ready to review with Bill Camp. Meeting was set for Wednesday, December 19, 2007 at 2PM in the offices of Suitor & Associates. Mr. Gill will confirm the date and time with Bill Camp. There was already approval to do Unit # 3308/3307, #3103/3104 and #2406/#2407. This would be around $35,000.00 plus fixed expenses.

Lanai Update: Mr. Gill had spoken to Aaron Pruss. He had suggested they do a face to face meeting with the VP of Pulte. Mr. Gill tried to reach Pulte but got no response. Mr. Pruss suggested he write a letter to try to get them to participate at some extent.

Owner request for installation of plexiglass windows in the lanai (Unit #2408) On the lower half of the frame structure of the lanai structure they want to install permanent plexiglass and on top would be sliding glass windows. The ARC had reviewed this request and it was denied. Mr. Gill asked if there were any objections from the Board. The motion to deny this request by Mr. Collins. Seconded by Mr. Banglesdorf. Motion passed.

The guest parking project had been completed and was paid for out of the reserves. Gutter work over the unit entries is pending by the committee.

The Annual Meeting will be held on January 17, 2008 at the Sales Center. It will be at 2 PM. Mr. Banglesdorf ordered refreshments. There will be a board organizational meeting on January 24, 2008 at 9AM at the community pool.

Motion to adjourn made by Mr. Gill and seconded by Mr. Conlin. Motion passed. Meeting was adjourned at 9:45 AM.

Grande Cay Recreation Association Inc. Approved

Board of Directors Meeting

Date: November15, 2007

Time: 9:00AM

Location: Association pool area

Board Members Present: Mike Gill, Tom Conlin and Bill Banglesdorf with Niles Kin and Denny Collins via teleconference

Also Present: Rod Middleton and Sheila Ullmann of Suitor & Associates and several interested owners

Establish a Quorum

All Board Members were presented thereby representing a quorum with due and appropriate notice given and posted.

Call to Order

Mike Gill called the meeting to order at 9:00 AM.

Approval of Minutes of October 16, 2007 Board of Director Meeting.

Niles Kin moved to approve the minutes of the October 16, 2007 Board of Director Meeting. Bill Banglesdorf seconded the motion and the motion carried unanimously.

Approval of minutes of the October 24, 2007 Board of Director meeting. Niles Kin moved to approve the minutes of the October 24, 2007 Board of Director Meeting. Bill Banglesdorf seconded the motion and the motion carried unanimously

4. The proposed budget for 2008 was unanimously adopted with provision for quarterly fees of $1,355 on motion by Mr. Collins, seconded by Mr. Banglesdorf

Other Business: Mr. Bangledorf described his investigations relative to alternative insurance carriers and described plans to bind coverage with American Coastal Insurance (ACI) at significant savings opposite the current carrier. He noted that ACI was owned by BB&T Bank which is a significant bank holding company.

Mr. Bangledorf moved to bind coverage with ACI effective November 20, 2007 and to cancel coverage with Citizens as of the same date. Niles Kin seconded the motion which carried unanimously.

Once in place and full premiums are clear, a budget meeting will be convened in the first quarter of 2008 in order to consider a downward revision of dues for the 2^nd, 3^rd and 4^th quarters of 2008.

Fountain timers and scheduled operating times were reviewed by Mr. Gill. On motion by Mr. Gill, seconded by Mr. Bangledorf, it was unanimously determined to start the small fountain at 8AM with shut down at 11PM and to start the aerator at 9AM to be shut down at 9PM.

Lake Update: Mr. Gill advised that he was in receipt of approval from SFWMD as respects the lake repairs now completed. A certificate from the Association engineer together with the requisite filings has been forwarded to Mr. Peter Eckenrode at the County.

Mr. Gill also indicated that he had received communication from Pulte wherein they had confirmed their intention to remit payment of $34,000 per the recent invoice from Grande Cay.

Members were advised that lake signage was now in place and that the small washout area had been repaired.

Lanai Project: Mr. Gill noted that construction on the lanai vent project would begin in approximately two weeks. He indicated that some 57 units were affected and that at buildings 23 & 24, new boxes would be installed. On the other units, the placement of vents will proceed and they will be painted to match the existing building color.

Other Business: Mr. Collins moved to pursue an owner vote at the annual meeting to authorize the use of up to $10,000 of reserve interest income to offset expenses related to the lake repairs. Mr. Banglesdorf seconded the motion which carried unanimously.

The next meeting will be December 11, 2007 at 9AM at the management offices.

Adjournment:

Denny Collins moved to adjourn the meeting at 9:50AM. Tom Conlin seconded the motion and the meeting was adjourned.