MINUTES OF MEETING
BOARD OF DIRECTORS
KEY ROYAL CLUBHOUSE, 8204 KEY ROYAL CIRCLE, NAPLES, FL 34119
WEDNESDAY, JUNE 25, 2008 @ 7 P.M.
Meeting was called to order at 7:06pm and roll call found all Board members present. A motion was made by Joe Kalinowski to approve the minutes of the April 4, 2008 meeting.Seconded by Ken Stephens and approved 3-0.Under Old Business two new contracts for landscaping (Southern Gulf West Landscape) andsecurity (Preferred Security Providers, Inc) services were ratified by a vote of 3-0.Contractamounts are $57,600 and $27,600 respectively.Presidents Report - Joe Kalinowski gave an update on the Board working with Wachovia Bank on providing a more beneficial deal for monies set aside for Reserves and Insurance.Theintent being considered is to move monies into a CD vs. the current money market account andthereby earn more interest. Vice-Presidents Report - Charlie Miller wished to thank everyone involved in helping with BBQgrill upgrades.The following people were recognized:Tom & Chris Carroll, Pat Foiles, Joe & Carol Kalinowski, Al & Karen LaFemina, Charlie & Jeanne Miller, Al Spina and Dave & TheresaWorklan all volunteered time and/or money to spruce up the BBQ grill areas around Bldgs1/Clubhouse, 2/3, 4/14 and 15/16.Additionally, the memorial plaque for Phil Ignoffio has beenordered and will be installed in the near future.Only four grills are left to upgrade.If anyonewishes to volunteer please contact Diane at the office for information on materials needed.Cost is approximately $40 for mulch/lava rock and $60 for bench.Also, thanks to Diane Eagerand Jacquelyn Stephens for the time and money in planting of new hibiscus plants at the frontgate/keypad area.Thanks to Kristin Farrar and Jeanne Miller for work at the Front Clubhouseentrance and last but not least thanks to the many anonymous donors who have contributed tothe Clubhouse Library for everyones enjoyment.Secretary/Treasurers Report - Ken Stephens gave the following information:Working on a newwebsite for Key Royal with the intent to have it up and running by end of July.Watch for