In attendance were John Peterson, Jim Moss, Willie Robison, Sherrie Weller, Selena Vaughn and Marie Bidney. Staff attendance was Steve Jernudd. Absent: Clint Martin, Joe Mosley and Bryan Frater

President John Peterson called the meeting to order

Minutes for Approval:

The minutes for the May 22nd Stated Board meeting were approved as written.

Committee Reports:

Financial: Steve Jernudd gave report in Joe Mosley’s absence. Mr. Jernudd commented that we are hitting our financial goals. He also reported that $165,000 has been spent on capital improvements to our facilities. Any future improvements for the remaining year will have to have an additional funding source.

Architectural: Jim Moss reported that during the month of May there was a total of 33 violation letters sent out and 29 past and current violations corrected. The Covenant Compliance Committee is doing a great job in helping the architectural department identify the properties that are in violation. YTD violations can be found at www.lakeforestpoa.com.

Building and Grounds: Willie Robison reported that the air conditioning unit has been installed at the 19th hole and ladies locker room. Mike Beck our Maintenance Supervisor is currently seeking bids for the demolition of the swim & racquet building. We should have the bids in by the next working meeting with an anticipated removal date between September – December 2008; upon removal, a discussion will take place regarding replacement.

Communications: Selena Vaughn reported that the Improvement Committee had requested a link on the website for the Neighborhood Watch Program. Selena mentioned there would be a Mayoral Forum on July 15th at the Country Club to introduce all the candidates.

Food and Beverage: Sherrie Weller reported May was a great month for Food & Beverage. Total sales for all three establishments for the month equaled $39,400 against the $16,000 cost of goods. Labor expenses were under budget at the Yacht Club (by only $300) and 19th hole ($1500). Operating expenses were under budget at the Yacht Club and Bayview and only slightly over budget ($330) at the 19th hole. The net loss was under budget at the Yacht Club and 19th hole and a profit at the Bayview. There were two weddings in May on the same day, one at the Yacht Club and one at the Country Club, Debbie Waite, Annie Walker and the staff did a marvelous job in turning both events into great successes.

Greens: The greens renovation is right on schedule. Mowing will begin later in the week, right now we are rowing and top dressing the greens, we are continuing tree removal and irrigation, we are aerifying entire holes, 2, 4, 5, 6, 7 & 8 have been completed to date, this will continue until opening. The whole course is going to be such an improvement when this is completed. Even though the greens will look ready before hand, it is important that we wait and open on August 1st because the last two weeks are used for smoothing out and other horticultural practices. Lake: John Peterson reported David Yeager with ADEM had some health problems and has not been able to help as forcefully as we would like. A complaint was filed with ADEM in March regarding the Malbis Plantation property. We have not had a response from ADEM other than they are working on this. John Peterson stated that he took it upon himself to call the Malbis Plantation representatives and was directed to their attorney, information was shared, and they are going to have a Forester go out and look at their property and the damage being done. They will access the erosion problem and hopefully we will get some assistance from them to curb the steady erosion problem coming off their property.

Recreation: No Report.

Yacht Club and Marina: Marie reported on the Young Anglers Fishing Tournament held on Saturday the 21st. We had about 15 children participating. The Eastern Shore Sportsman Association helped with baiting hooks and also providing the bait, the children caught flounder, stingray, croaker and crabs. There was even a goldfish pool for the younger children set up by the Yacht Club Boaters Association.

At the Lake Forest Marina, there are currently 22 out of 64 wet slips rented out and 81 out of 110 dry slips.

General Manager Report: Steve Jernudd gave report.

Member Comments:

George Lieb commented that he was unable to participate in the fishing tournament, but thought it was a great idea and hopefully can make the next one. Mr. Lieb wanted to know what was going on with the current swim & racquet issue. Mr. Peterson said that the Swim & Racquet pool does not meet the current standard and there are issues with the building there. We are looking to resolve those issues and have competitive and lap swimming available within the next year, we have met and approved through the capital plan some conceptional planning, we have received some plans from landscape architects, we are going to be making improvements on all of the pools, enhancements and modifications are going to be taking place. We will have to determine cost and see where are funding mechanism is at. George said the Improvement Committee would be actively involved with the landscaping as improvements take place.

Old Business: None

New Business:

The Scholarship Committee met and selected the five recipients for the 2008 Lake Forest Scholarship Award. The selected five are Ashley Taylor Bacy, Corey Anne Bevier, Dana Marie McCormick, Lucille Leigh Mosley and Matthew Spencer Stephens. There were 24 applicants in all and a tough decision for the committee to choose only five. Motion to approve to names submitted passed unanimously.

John Peterson would like for the Lake Forest Board members to become involved with the Government Affairs Committee, Willie Robison has volunteered to be on this committee.

Pool Improvements: Steve Jernudd reported that their was a meeting last week with Conceptional Drawings regarding improvements to our outlining amenities, Montclair Pool, Ridgewood Pool, Swim & Racquet Pool and for possible Clubhouse pool. What it comes down to is the Financial Committee will have to come up with a capital plan, we are in a step in the right direction to show constant improvement, how fast improvements come will be dealing with the Board of Directors, deciding what do we want to achieve and how do we want to achieve it. It is obviously time to upgrade our amenities, Mr. Jernudd is pleased with what’s came out of this and when the board saw these changes and how it could upgrade our community and help enhance property values for everybody. Daphne is growing and we should grow right along with it.

Board Comments:

Mr. Jernudd reiterated what Mrs. Weller mentioned earlier in the meeting regarding food and beverage employees, they have been working very hard putting together functions. We have had 19th hole and Yacht Club employees working both facilities, he has had people working hard and has always taken the stance that we are one overall facility. He is very pleased with the staff and how they have reacted to make sure this all gets accomplished. We do not have a big turnover here at Lake Forest; employees enjoy their jobs and love the people they work for.

Mr. Moss feels that having the central pool facility at the clubhouse is not the silver bullet that we think it will be. He does not feel that a pool at the clubhouse would increase revenue for the club and for food & beverage facility. The most efficient way is to tear down the old dox building and upgrade the pool at the swim & racquet.

Sherrie Weller reminded everyone of the Mayoral Forum to be held on July 15th at the clubhouse.

Willie Robison said that he enjoyed the afternoon at the Yacht Club for the fishing tournament, parents and children were having a great time, Willie was appreciative of the support from the Boaters Association and the Eastern Shore Sportsman Assoc.

John Peterson stated that a regular, quarterly event at the Yacht Club would be a great idea. Something for the kids and parents.

Adjournment

Motion to adjourn at 6:40, Motion Passed.