December 10, 2019 — Board Minutes

The Ipswich Outboard Club Board of Directors held a regular meeting at the St. Lawrence Literary Society, Ipswich, Ma. Commodore Clifford called the meeting to order at 7:04 pm. All IOC officers and directors were present except for Rick Tucker.

The minutes from the previous meeting on November 7, 2019, were approved as submitted.

Secretary’s Report:

  • Email and PO box are clean.
  • Trying to contact cons comm about Summer Street project.
  • Hanover Insurance forms have been completed.
  • A business line of credit would be $3000 closing costs.
  • Annual mailing party scheduled for 12/30.
  • Boat US cooperative agreement is done.
  • All bills have been given to the treasurer.

The secretary’s report was approved as submitted.

Treasurer’s Report:

  • Checking account $27,017.10
  • MMCH               4,914.78
  • CD                    25,364.66
  • Total               $57,296.54
  • All bills have been paid
  • 2020 budget was reviewed and approved.
  • Loan balance: $11,309.74

The treasurer’s report was accepted as submitted.

Vice Commodore’s Report :

  • The parking lot cable is installed.
  • The fence will be repaired at the top of the lot.
  • The moorings are sitting on the ramp.

The vice commodore’s report was accepted as read.

Old Business:

  • Annual meeting scheduled for 1/21/20. Pizza/drinks will be served. Steve Clifford will coordinate pizza. Dave Morin will coordinate all necessary papers. Nominating committee and financial audit being planned. The week of 1/12 will be the audit.
  • The capital plan will be reviewed at the next board meeting.
  • A lengthy discussion was held on leave of absence. Many members have been on the list for years. Motion made to have the LOA fee be $100, seconded, and approved.

New Business:

  • Next IOC Directors meeting scheduled for January 7, 2020, at 7 pm at the St. Lawrence Society.
  • Directors and officers nomination discussion was held.
  • A large discussion was held on a new shed with possible fresh water and bathroom access.
  • Motion to adjourn the meeting at 8:23 pm, seconded, and approved.

Attest: David Morin, Secretary
Steve Clifford, Commodore