SUMMARY ofJune 12, 2007 Board meeting

Dear Fellow BSBCCA Members,

The following summary of the June 12, 2007 Board Meeting was approved at the Board meeting of July 11, 2007

The appeal of the tax rate charged by the Town of Narragansett continues to move forward. A new appeal will be filed for the 2007 taxes.

The Superior Court recently dismissed the Developer’s suit for damages against the Association based on his claim that we excluded him from participating in the septic systems. The Developer does have a right to appeal this dismissal to the Supreme Court.

Subsequent to the spring nor’easter, our engineer inspected the structural integrity of the premises thoroughly. He advises that the next area which we should address with hurricanes straps in the area underneath the Square and the Horse Shoe.

The fire alarm update which was mandated under the new Fire Code has been completed.

Negotiations continue with insurance carriers to attempt to recoup some of our damages from the recent storm. Damage to equipment and inventory appears to be covered in full. Some structural damage but not all of it is covered.

An upgrade to the alarm system was approved at an expense of $500.00. This will allow us to upgrade the panel so that each employee with access to the panel has his or her own individual code. Our Manager requested this upgrade to allow him to track accurately each time the alarm system is turned on and off and to identify the employee in each instance.

Wednesday night fish and chips in the restaurant is a go. Service should start July 11, 2007.

There was a lengthy discussion relative to Guest Pass rule. A proposal to require members to be present at the facility when they invite guests was tabled for further discussion in the off-season. It was decided to make entry at the gate a point of emphasis this season. The Gate Staff will be instructed to check ID’s for each guest entering the facility so that we can track whether or not a particular guest is coming to the Beach Club more and the allotted times per season. An increase in Guest Pass fees was discussed, and it was agreed to table further discussion until the off-season.

The Board had a lengthy discussion relative to the new fee instituted this past off-season in which the Association collects a contribution to the capital reserve payable by the buyer on the sale of each Condominium Unit. At the annual meeting, a member has raised a concern that this fee violated Article 2, Paragraph V of the By-Laws. The Board decided that the quoted section of the By-Laws does not apply since the Board does not approve the transfer of Unit, and the fee is not assessed to the owner but is assessed to the buyer as an initial contribution to our existing capital reserve account. Based on this discussion, the Board decided to allow the fee to stand as originally imposed.

Respectfully submitted,
BSBCCA Board of Directors