The monthly board meeting was held on Tuesday, December 17, 2002.

Bob Fernander was absent.
 

Director of Tennis Mike Smith reported on upcoming events that include a tennis exhibition to be held Sunday, December 22, 2002 at 11:00 AM and a Round Robin scheduled for Friday, January 10, 2003. Mike Smith has submitted his letter of resignation effective Tuesday, December 31, 2002.
 

Treasurer Jere Berkey reported that as we come to a close for 2002 the club's financial status is in very good shape. As reported in the annual letter to all club members there is a projection of a surplus of approximately $19,000 for the year ending December 31, 2002. As of November 30, 2002 the net income over expenditures is at $17,400 with an anticipated net income for the month of December 2002 at approximately $2000. The entire surplus generated for the year 2002 will be added to the Capital Replacement Fund and beginning January 1, 2003 the balance of this fund will be approximately $48,800. The proposed 2003 budget expenditures out of the Capital Replacement Fund is targeted at $42,000.
 

Club Manager Kevin Richards reported that the corrective action on the brick pavers has been completed. A "Color Committee" has been established and is working on selecting a color for use on painting the LRC club buildings. New landscaping timbers were installed at both ends of the Fitness Center. The order from the Sarasota County Health Department to place pool chemical barrels in closeable containers has been complied with. A recommendation was made by Kevin Richards that the LRC board create a Tennis Pro Committee to start the search for a new pro. The leak that was discussed at en earlier meeting has been located - underground PVC piping related to the spa. Paperwork has been sent to SCES requesting credit based on the leak being located. The club will now be able to realize what the actual water rate will be.
 

The Tennis Committee suggested to the board several recommendations regarding the format for the upcoming Club Championships. The board suggested that the tennis committee review dates and confirm with the social calendar of the club before setting up the championships. In addition, a motion was made by Jack Jost and seconded by Colin Wendell regarding the structure (dates, category of play/repeat partners, tiebreaker format and consolation matches for first round losers) of the Club Championships be regarded as recommendations only at this time as there will be a new LRC President and a new tennis committee who will make these recommendations their first order of business.
 

Old Business: Jack Jost, Len Gumley and Roy Goodwill continue working on the acoustical problem in the Lakeside Clubhouse. They met and discussed the specs from Siebein Associates, Inc. Questions arising from the specs include - are there rooms similar to this that have been acoustically renovated? If so, could names and locations be provided so the committee could visit these locations to see renovations in a similar application? Could an acoustical contractor(s) in the Sarasota area be recommended? In response, Siebein Associates, Inc. has provided acoustical design recommendations for the St. Thomas More Parish Center. The next step will be to establish a committee to visit the room and second to find a contractor to review specs and give LRC a budget estimate. The committee will discuss with the St. Thomas More committee before vs. after renovations and the name of the contractor used. Ralph Ricapito and Kevin Richards will join the existing committee.
 

New Business: A Talent Show will be held Sunday, January 26, 2003 in the afternoon and a Super Bowl Party will be held in the evening of the same day. More information on Valentine's Day events will be forthcoming.
On January 16, 2003 at 7:00 PM there will be a wine and cheese party for the purpose of organizing and updating the LRC library. Two additional bookshelves will be purchased. Sign up in the pro shop and bring a hardcover book to donate.
 

The meeting was adjourned at 3:10 PM. The next regular meeting of your board of directors will be held Tuesday, January 21, 2003 at 2:00 PM.

Submitted by Barbara Pendrell, Secretary.