Pelican Cove Canal Owner's Association

P.O. Box 1655

  Aransas Pass, TX 78335

Office Phone/Fax 361.758.6797

pelicancovecoa@gmail.com

Next Board meeting June 6, 2012 at 6 pm at the Chamber office.  The Annual General Meeting wil be June 16, 2012 at Compton Hall sign in beginning at 8 am meeting at 9 am.

Approved Minutes
Board Meeting August 13, 2008
Chamber of Commerce

President: Irwin Walters 

Directors & Officers Present: Pat Walters, Joe Seburn, Sandy Keirn. Jimmy Raper, Charlie Goff,Dan Moore. 

Secretary: Wendy Battle 

Absent: Paul Froeschner. 

President called the meeting to order at 6:25 pm. 

Motion to approve the minutes from:

Board of Directors Meeting June 4^th, Special Meeting June 14^th, Board of Directors Meeting June 14^th, Special Meeting June 19^th, Special Meeting June 28th 

Moved: Joe Seburn
Seconded: Pat Walters
All Approved. 

Treasurer gave financial statement, $726,643.90 in the bank
$57,000 had been moved to Bank of America to protect the assets. The board discussed the options regarding opening a Money Market account or acquiring a 3-month CD in order to maximize the large sum on deposit.  

Motion made that the Treasurer inquire about interest rates and CD’s.
Moved Pat Walters
Seconded Charlie Goff
All approved.
The secretary will write a letter of authority for the bank on behalf of the Board. 

Special Assessment Status. 10 property owners still outstanding, the deadline for payment is Friday August 15^th. Collection policies will be discussed in Executive Session. 

Treasurer had acquired an annual quote of $2500-$2700 for Liability Insurance.
This item was tabled by acclamation for discussion at a later date.  

President’s Report:
Follow up from the last meeting:

·        Irwin Walters gave a brief update on Phase 2 of the water quality improvement project(report on file).

·        J.M.Davidson will begin cleaning out the cave-in on E5 and slip lining the pipe; this part of the project should be completed within a week.

·        Joe Seburn has been monitoring the project on a daily basis 

Address and phone number List Update:
The secretary explained that the list was approximately 2/3 complete. Once it is ready for distribution property owners will be advised and can request an emailed copy.

New Sea Gate Signs Update:
Gary Hansen had been asked to produce an estimate of costs. The materials, coatings and applications have been researched.
Mr. Hansen should have an estimate for approval by the board soon. 

Motion was made to get a dedicated Internet connection for the office.
Moved: Dan Moore
Seconded: Sandi Keirn
All approved. 

Secretary will contact Cableone. 

President asked for the meeting to be adjourned to executive session to discuss payment policies. 

6:50pm 

*                                   *                                *                                *                              *

 Meeting resumed 7:45pm 

Date set for next meeting October 1, 2008 

Motion to Adjourn 

Moved: Pat Walters
Seconded: Charlie Goff
All approved. 
Meeting closed 7:46pm.

                                                                       Latitude N 27.53.70, Longitude W 97.08.79