Dave Anderson, president, called the meeting to order the first order and introduced the review of the 2008 budget provided by Pat Moyer as the first order of business. Dave asked the board to address how to restore the reserve account that was almost depleted to pay for a new front gate to replace the vandalized gate. Also, how the board should address road maintenance as budgetary options.

Bid for roads from Duval Asphalt came in at about $52,000 for a 1” covering. Walt Walton said he was expecting other bids. Walt told the board that the price of oil directly affects the cost of the petroleum based asphalt. Board discussed the conditions of the roads and what would be required to keep them serviceable over time. Nick broke down the development into road segments. The worst being roads approached from the Beach blvd via front gate.

Nick suggested doing road recovering in segments and described the 4 segments. Nick then broke down costs and duplicating costs resulting from not doing all roads at one time. Discussion focused on budgeting a $20,000 per year road cost for the next 4 years. Each road segment would have a life span of 10 years. Segment one would be done in 2009. The road account will have enough balance to pay cash at that time. This can be accomplished by budgeting $7,500 per year for roads. It was determined that a special assessment was not necessary but an increase in annual dues may be required.

John brought up a call he received from Dave Mullins, owner of lot 60. Mr. Mullins had questions about why the common access between his lot and lot 59 was partly or mostly covered by the driveway of the house on lot 59. He said this cut off access to his property and limited his ability to build on his lot. He asked John Ragosta about the possibility of the Association giving him the land of the common property near AIA to mitigate the problem. John told Mr. Mullins he did not know about that but he told Mr. Mullins the Board would certainly work with him to resolve his problem.

Nick spoke with police about investigation of vandalism to front gate. Board discussed additional damage entrance pad.

SJRWMD has not done a walk through yet but they do have the As-Builds.
Dave updated board that two lampposts were left to be installed and power run to the new lampposts.

Dave suggested letters be sent to members whose properties are in disrepair and others for parking on the street in front of neighbors’ houses. Board agreed unanimously.

Next board meeting was scheduled for November 9, 2007
Deadline for nominations was determined
Motion to adjourn was made by Nick Binder. Meeting was adjourned.