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NCYC General Membership Meeting Minutes
Page 7 of 8
3. Loan payoff with member notes
Commodore Brian discussed the selling of notes to the membership to pay off the
existing loan and avoid the cost of flood insurance. The flood insurance costs have
increased from $4,300 to $6,700 for next year. The loan payoff as of November 6,
was $77,500. The notes would be sold in either $5,000 or $10,000 increments, to be
determined by the Board.
Motion:
Moved by Bill Calihan to move forward with this initiative. Seconded by Art
Brooks.
Motion Carried.
First Mates:
President Mary Marini reminded everyone that the First Mates Holiday Party will be
held on December 8th at the Avanti Hall. Cost is $35 per person and includes dinner
and an open bar. Bring your friends and relatives. Donations for the raffle are needed.
As a fundraiser, we will be accepting donations to the Ronald McDonald House.
Recognition of Past Commodores:
1979 PC Paul Jarvis
2007 PC Harley Burris
1995 PC Scott Bell
2013 PC Don Vanover
1999 PC Hugh Vestal
2014 PC John Anderson
Good of the order:
PC Harley Burris stated that he still needs managers for 2016. Please contact PC Harley if
interested.
PC Don Vanover thanked Commodore Brian and the entire Board for an excellent year.
Everyone had a great time.
Member of the Month
Archie and Patti Archibald
Adjournment:
MOTION:
Moved by RC Pat Carroll to adjourn the meeting. Seconded by VC Chuck Stroh.
Motion Carried.
Meeting adjourned at 8:40pm