OCTOBER 18, 2018 - BOARD BOOK

FINANCIAL MATTERS : Mr. Nelson, Treasurer and Chair of the Finance Committee, reported that the Community experienced an unfavorable variance to budget of $36k; the Club income was under budget by $68k, while the POA ended favorable to budget by $32k. The unfavorable variance was due in part to an unseasonably wet month of May which affected dining venues, i.e., Sports Bar & Beach Club. PROJECT UPDATES:  Beach Club Matter: Mr. Slepkow reported that the Beach Club matter has been resolved with the Town of Juno Beach and the settlement agreement was executed and recorded with the courthouse. He stated that going forward our goal is to rebuild the relationship with the Town of Juno Beach.  Club Buildings Ad Hoc Committee: Mr. Slepkow, Chair of the Club Buildings Ad Hoc Committee, reported on the Ad Hoc Committee meeting held prior to this Board meeting and a recommendation to the Board that the option of a “new building” no longer be pursued. He stated that a new building would cost approximately $20M more; it would mean a tent and closure for possibly 2 years and that there is no other practical place to build another building except for its current site. That said, Mr. Slepkow focused on option 1A which would cure all infrastructure issues and address some issues of flow and he touched on a proposed timeline going forward. Mr. Slepkow further reported that building a parking garage at this time will not be pursued, but that a land planner will look at the existing parking and a reconfiguration to add approximately 80 more parking spaces. Mr. Stanfield made a motion “to no longer pursue the option of a new build and to proceed with future efforts on Plan 1A.” Mr. Nelson seconded the motion and the motion carried unanimously.  Master Plan Ad Hoc Committee : Mr. Stanfield, Chair of Master Plan Ad Hoc Committee, reported that the Committee continues to look at the list of projects between 2018 and the end of 2023, which total approximately $10-$14M. There was discussion regarding regrassing the golf course which the Committee feels should be done prior to the clubhouse remodel. The Committee will continue to look at the needs and alternative funding methods and will provide an update at a future Board meeting. POA MATTERS: Mr. Polselli, Asst. General Manager, reported that the County is redoing the sidewalk along A1A and the Frenchman’s Creek property to an 8’ wide sidewalk. He then reported on notification of a possible sale of the 2 acre lot at the corner of Donald Ross Road and Palmwood/Prosperity Farms Road for the construction of a storage unit building. He stated that the potential buyers are currently in the planning stages and doing their due diligence. An update will be provided to the Board once new information becomes available. PRIVATE PARTY REQUESTS: Mr. Goswami presented seven (7) private party requests for review and approval. After discussion, Mr. Nelson made a motion “to ratify private party request #1, as submitted.” Mr. Glazer seconded the motion and the motion passed unanimously. Mr. Glazer then made a motion “to approve private EXECUTIVE DIRECTOR’S REPORT: Mr. Goswami, Executive Director, reported on the overall operations of the Club and various other items in his written report.

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