The Landings Management Association, Inc.

Minutes of the Board of Directors Meeting

October 3, 2002

 Call to Order

The meeting was called to order by Bob Capo at 7:00 PM at the Landings Racquet Club, 5350 Landings Boulevard, Sarasota, Florida.

 Determination of Quorum

Present were Bob Capo, Fred Stanyer, Eli Chatson, Don Smally and Dee Ricapito constituting a quorum.  Larry Spelman, Ray Rakoff, Jerry McFadden and Ted Humphrey were absent.  Also present were Jim Faix of Argus Property Management, Inc. and 7 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 September 5, 2002

(Words underlined are additions, words with strikethrough are deletions.)

 Page 2, Lines 75,76,77 (Duplicate lines from Page 1, Lines 43,44,45)

A motion was made by Ray Rakoff, second by Eli Chatson to reimburse Michael Hibnick for vehicle damage at the sum of $208.65.

The motion passed unanimously.

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

 Presidentís Report

Bob Capo indicated that homeowners Krista Benz and Suzanne Douglas wished to address the Board.  Mrs. Benz and Mrs. Douglas asked the Board to reconsider any decision allowing contractors to begin work at 7:30 AM in the yards.  Mothers with young children get very little sleep and the early start wakes up their children and therefore wakes up the parent. They asked to please keep the start times at 8:00 AM.

 Treasurerís Report

Bob Capo presented the Financial Report. 

 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.)

 Engaging CPA for Audit

A motion was made by Fred Stanyer, second by Dee Ricapito to engage James B. Richardson, CPA to conduct the audit of the 2002 fiscal year at a cost of $3,200. (A copy of the engagement letter is attached hereto and made a part of these minutes as Exhibit B.)

The motion passed unanimously.

Safety and Security Committee

No report.

Landscape Committee

Fred Stanyer reported that a deadly scale is affecting all sago palms in the state of Florida.  Some commercially available chemicals are available to treat the problem.  Raberís Lawn Service has been advised to try these chemicals where necessary.

 Roads and Drainage Committee

Don Smally presented the roads and drainage committee report that revises the long range road resurfacing plan. (A copy of the Roads and Drainage Committee report and revised Long Range Resurfacing Plan is attached hereto and made a part of these minutes as Exhibit C.)

 A motion was made by Don Smally, second by Dee Ricapito to approve the revised Long Range Road Resurfacing Plan as presented. (See Exhibit C)

The motion passed unanimously.

 Lakes Committee

Dee Ricapito presented the Lakes Committee report in the absence of Jerry McFadden. Suggested names for the lakes have been in The Landings Eagle and the most logical names suggested are based on the location of the lake. (A copy of the Lakes Committee report naming the lakes according to their locations is attached hereto and made a part of these minutes as Exhibit D.)

 A motion was made by Fred Stanyer, second by Eli Chatson to rename the lakes according to their location as presented by the Lakes Committee. (See Exhibit D)

The motion passed unanimously.

 Nature Trail

No report. 

Public Relations Committee

Dee Ricapito reminded the Board of the ďNewcomerísĒ party to be held October 15, 2002.   She will be providing a welcoming letter and a packet of information about the association to the new members.

 Also discussed were the purchasing magnetic backing for a business-card-sized quick reference card of important phone numbers for the members.  These can be included in next yearís edition of the LMA Green Book.

 A discussion was held regarding the purchase of an eagle statue for the front entrance.  This eagle would cost approximately $1,000 installed.  Discussion of color, placement, appearance, and the shape of the eagleís beak ensued.  The committee will report on this again at the next meeting.  

New Business 

2003 Budget

A discussion was held regarding some of the accounts needed for the 2003 budget.  A review of a draft budget was held.  After changes, this budget will be included in The Landings Eagle for publication. 

Adjournment

The meeting was adjourned at 9:12 PM.  The next meeting is scheduled for November 7, 2002.

 Respectfully submitted,

 James M. Faix, Acting Secretary