Board Meeting Agenda & Information Packet -February 12, 2024, 2024

 

Click here to view the information packet for this meeting

 

Cape George Colony Club Board of Trustees

Special Meeting Agenda

BOARD WORK SESSION ON RESERVE FUNDING

Monday, February 12, 2024, 3:00 p.m. – 5:00 p.m.

 

A. Call to Order – President Betsy Coddington

 

B. President’s Comments – Betsy Coddington

 

C. Fiduciary Responsibility of Cape George Colony Club Board of Directors – Betsy       Coddington. See attached.

 

D. What is the ideal target for the percentage of funding for the Reserves? Board discussion.

 

E. How can Cape George reserve assessment funding be structured to reach that target?

 

Three proposals are attached for review and discussion that include changes to the Bylaws:

 

     Proposal 1. Nancy Charpentier, Treasurer. See attached.

 

     Proposal 2. Bart Mooyman-Beck, Vice President. See attached.

 

     Proposal 3. Mark Kochendorfer, representing the proposal of the Finance

     Committee, which includes Mark, Susan Sanford, and Fayla Schwartz.  See attached.

 

F. Once attained, how can the Association maintain healthy healthy Reserve Funding balances? Board Discussion. 

 

G. Suggestions for informing and educating members before submitting a proposal to the membership for a vote. Board Discussion.

 

H. Member Participation. Members will have the opportunity to speak, submit questions and comments in writing, at the end of the Board Work Session. Member participation will continue until 5 p.m. or when the President chooses to adjourn the meeting. The topic of Reserve Funding will be on the Study Session agenda, Tues., Feb. 20, 2024. Additional member discussion/education meetings will be held on the topic of reserve funding.

 

I. Announcements:

 

Mon., Feb. 19. The office will be closed to observe President’s Day.

 

Tues., Feb. 20, Board Study Session, 3 p.m. in Clubhouse and on Zoom Meeting.

 

Fri., Feb. 23, Board of Trustees Meeting, 3 p.m. in Clubhouse and on Zoom Meeting.