The Landings Management Association, Inc.
Minutes of the Board of Directors Meeting
January 2, 2003

 

Call to Order
The meeting was called to order by Larry Spelman at 7:00 PM at the Landings Racquet Club,
5350 Landings Boulevard, Sarasota, Florida.

Determination of Quorum
Present were Larry Spelman, Bob Capo, Dee Ricapito, Eli Chatson, Don Smally, Ray Rakoff,

Jerry McFadden and Ted Humphrey constituting a quorum. Fred Stanyer was absent. Also present were Jim Faix of Argus Property Management, Inc. and 4 unit owners.

Confirmation of Proper Meeting Notice
The notice was posted in accordance with the Bylaws of the Association and requirements of
Florida Statutes.

Appointment of Acting Secretary
A motion
was made and second to appoint Jim Faix as Acting Secretary for the meeting.
The motion passed unanimously.

Approval of Minutes of December 5, 2002
(Words underlined are additions, words with strikethrough are deletions.)

Page 2, Line 111
The Board formally thanked Mr. Earl Morgoch for the donation of his eagle sculpture at the
entrance to The Landings. This eagle will be moved to one of the traffic islands on Landings
Blvd. at Kestral Parkway and a plaque will be added bearing his name as the sculptor.

Hearing no objections, the minutes of the Board of Directors meeting of December 5, 2002 were
approved as amended.

Presidentís Report
The President reported that the Racquet Club would like to install permanent posts and ropes
along Landings Boulevard along the front of the Club to prevent parking on the grass. The
Board then discussed the issue.

A motion was made by Jerry McFadden, second by Dee Ricapito for the President to advise the
Manager of~ the Racquet Club that the LMA Board does not consent to the permanent
placement of posts and ropes outside of the Landings Racquet Club parking areas.
The motion passed unanimously.

Treasurerís Report
Bob Capo presented the Financial Report. He indicates that the Association should have a
carry-over of approximately $35,000 for the end of the year.

Management Report:
Jim Faix presented the Management report. (A copy of the Management report is attached
hereto and made a part of these minutes as Exhibit A.)

Safety and Security Committee
Ray Rakoff presented the Safety and Security Committee report. Over the Christmas and New
Year holidays, school kids damaged some signs and a mover damaged some property. No claim
for property damage has been submitted by any owners. He also reported that the fencing
along Starling Drive was damaged by the storm on New Yearís Eve.
               

 Landscape Committee

 Jim Faix reported that the irrigation pump at the main well along Landings Boulevard was replaced at a cost of $2,400.

 Roads and Drainage Committee

Don Smally reported that the engineers have finished the plans for the resurfacing project and

the plans are now going out for bid. Bids should be available for the March Board Meeting.

 Lakes Committee

Jerry McFadden reported that the spray nozzle at lake #8 was replaced on the fountain.

 Nature Trail

Jim Faix reported that Dunescapes has trimmed the mangroves along the nature trail at a cost

 of $1,l00.

 Public Relations Committee

Dee Ricapito presented Earl Morgoch with a small plaque in appreciation for his donation of a

carved Eagle for the Landings.

 She also reported that the Eagle statue for the Landings entrance would be installed this week.

She also would like to move the ntove the nautical pilings at the entrance to a new location.

(A copy of the Public Relations Committee report is attached hereto and made a part of these

 minutes as Exhibit B).

 A motion was made by Dee Ricapito, second by Ted Humphrey to move the nautical pilings at

the entrance to another location within The Landings. The new location will be at the

discretion of the Public Relations Chair.

 In Favor of the motion were: Ted Humphrey, Dee Ricapito, Larry Spelman, Jerry McFadden,

and Ray Rakoff.

 Against the motion were Eli Chatson, Don Smally, and Bob Capo.

 Motion carried.

  Old Business  None

  New Business

 A discussion took place regarding the availability of authorized signers for the checking

  account, Bob Capo had indicated that it frequently occurs that only one officer is available to

 sign checks when the policy of the LMA Board is to have two officers sign. He suggested that

 LMA authorize the manager to be an authorized signer on the checking account.

 A motion was made by Bob Capo, second by Larry Spelman to add Jim Faix as an authorized

signer on the Wachovia Bank checking account. All checks will still require a second signature

by another officer of the LMA Board before being released.

In Favor of the motion were Bob Capo, Larry Spelman, Ted Humphrey, Don Smally, Jerry

McFadden, and Ray Rakoff.

Against the motion were Dee Ricapito and Eli Chatson.

Motion carried.

 Adjournment

The meeting was adjourned at 7:50 PM. The next meeting is scheduled for February 6, 2003.

 Respectfully submitted,

            James M. Faix, Acting Secretary