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July 2011 letter
Meeting
Agenda
Notice of Anual Meeting
Proxy
Budget
BLOODY
POINT PROPERTY OWNERS ASSOCIATION
ANNUAL MEETING MARCH 26, 2011
PRELIMINARY AGENDA
I)
9:00AM CALL TO ORDER……………………………..TONY
SIMONELLI
II) INTRODUCTIONS OF BOARD AND ALL PRESENT
III) REVIEW AND APPROVAL OF MINUTES OF 2010 ANNUAL MEETING
IV) PRESIDENT’S REPORT
V) COMMITTEE REPORTS
FINANCE…………………………………RICH
SILVER, TREASURER
INFRASTRUCTURE…………………..MIKE
LOFTUS, VICE-PRESIDENT
NOMINATING…………………………TONY
RIVELLINO
ARB………………………………………..TONY
RIVELLINO
VI)
OLD BUSINESS
BEACH STABILIZATION PROGRAM/ SECOND GROIN (G-2)
RESORT SALE STATUS
BLOODY POINT STATUS
CBRA
VII)
NEW BUSINESS
LAWSUIT
AGAINST POA AND BOARD MEMBERS
MAINTENANCE OF BLOODY POINT
THE WAY FORWARD FOR BLOODY POINT
ELECTION OF BOARD MEMBERS
VIII)
Q AND A
IX) ADJOURNMENT
BLOODY
POINT PROPERTY OWNERS ASSOCIATION
NOTICE OF ANNUAL MEEETING
February 10, 2011
Fellow Bloody Point Property Owners:
The annual meeting of the Bloody Point Property Owners Association
will be held on Saturday March 26, 2011 at 30 Fuskie Lane in Bloody
Point (Simonelli home) at 9:00 am.
At this time we have nothing concrete to report regarding the status
of the Daufuskie Island Resort Properties. As you are aware the
auction brought out no bidders and the Trustee has been unable to
find a purchaser for the Resort properties. Additionally, as I indicated
in my letter of last September, the Bloody Point course has gone
to seed. Your POA did cut the course in October in order to keep
the Bloody Point community looking well maintained.
There have been reports from the Trustee that a buyer is near to
receiving his financing but we are skeptical based upon what we
understand the financing structure to be. The two major creditors
did credit bid back their property after the auction but have yet
to close. This action would only affect Melrose, since it was the
only segment of the Resort substantially encumbered.
In November, the second beach groin, G-2, was completed. This was
the culmination of a ten year program to stabilize the beach at
Bloody Point. Early indicators are that the groin is doing its job
much as G-1, the first groin, is doing. We have been good stewards
of the beach and our beach is recognized as the best on the island.
We completed this work with the funds already collected and dedicated
to the beach stabilization and renourishment program. As some of
you may remember we raised our dues several years ago as part of
a settlement agreement with the state so that there was a fund available
for the beach renourishment and stabilization program, of which
the groins were a part, and for replacement sand in the event it
would be needed to renourish the beach.
Last week we were informed that Bill and Gayle Dixon, the former
owners of the Resort as well as former Bloody Point property owners,
along with two of their entities, have filed a lawsuit against our
POA, the Melrose POA, Melrose Club, Inc. (MCI) and the board members
of each of those organizations individually. We have turned over
the suit to our POA attorney who will be working with our Directors
and Officers Insurance carrier.
It
is VERY IMPORTANT to have a quorum to conduct business of the association.
If you cannot attend, please be sure to sign and return the proxy
immediately. You may fax it to GW Services at 843 686-4055 or return
it to them by mail.
The Greene home was completed this fall and brings the total number
of homes in Bloody Point to 20. Owners have been coming down all
year and have used the beach, the Melrose course and the local restaurants
as always. Early last year Haig Point began an Affiliated Membership
program and many of our owners have taken advantage of it and have
added the beautiful Haig Point facilities to their Daufuskie experience.
The Nominating Committee has met in accordance with the by-laws.
The committee notes the following:
Current Board Composition:
Member Term in Years Served Remaining Expires
Tony Simonelli 3 3 0 3/11
Mike Loftus 3 2 1 3/12
Rich Silver 3 3 0 3/11
Tony Rivellino 3 2 1 3/12
Bob Webb 3 2 1 3/12
Jim Wells 2 2 1 3/12
George Shingler 1 1 0 3/11
Tony
Simonelli and Rich Silver are being nominated for three year terms
and George Shingler is being nominated for a one year term.
There will be an election for these seats at the annual meeting.
Melrose will have their annual meeting on the same day and weill
have our Annual Bloody Point/Melrose Challenge Golf Tournament in
the afternoon.
Accompanying this letter is a proxy form that we ask you to fill
out and return according to the instructions on the form. We also
ask that you let us know as soon as possible as to your attendance
at the Annual Meeting. Please also let us know if you wish to play
in the golf tournament.
This letter and the accompanying information will also be posted
on our website www.bloodypoint.net.
Please try to attend. We need your support to continue to make Bloody
Point the finest community on the island. We would like to have
as much input and involvement of our owners as possible.
Sincerely,
Tony Simonelli
President, Bloody Point Property Owners Association
Phone: 843 842-4570
tsimcob@aol.com
This
package should contain the following:
Letter from Tony Simonelli
Preliminary Meeting Agenda
Proxy Form
Proposed Operating Budget
Minutes from 2010 Annual Meeting
If any of the above is missing please email maryann@gwserviceshhi.com.
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