President, Jim Hawkins, called the regular meeting of the Board of Directors of Point Venture Property Owners Association, Inc. to order at approximately 9:00 a.m. on Saturday, December 9, 2006.  The Board members in attendance were Joel Desmarais, Harry Filbey, Everett Roberts, Bobby Kuykendall, Mark Hipskind, Jim Hawkins, James F. Strong, Colleen Hickman, and Hank Riemer.

The minutes of the October meeting were approved as written.  The revised minutes of the August meeting were approved. 

President Hawkins introduced Joe Hanneken as the new POA General Manager.

     Treasurer, Bobby Kuykendall, gave the financial report. The bank balance as of November 30, 2006, is $859,504.32. The Treasure's Report was approved.

Golf Course Committee report was given by Colleen Hickman.  The lease for the golf course will expire in July 2008.  The current lessee has indicated that they will not renew the lease.  New management will need to be found or a decision made on whether or not the POA will take over management.  Discussion followed.

Amenities Committee report was Mim Hruby.  The committee has been working on next year's budget.  The Exercise Room and the Club Room are getting a lot of use and there has been some activity in the Library.  The crack at the pool has been repaired.  Another thing that has been decided was to put some color in the Club Room.

Security Committee - Hank Riemer reported for the security committee.  Locking the recycle center is working out well.  The new key tags for security and emergency personnel have been distributed.  A lockbox has been requested for the post by the gate at the park and the entrance to the marina.  Lights were added to the courtesy dock as requested by a property owner at the last meeting.  A new vehicle will be purchased for the security personnel to use.

Mark Hipskind reported for the Marina Committee.  The LCRA has approved our plan.  We are requesting a permit from the Texas General Land Office to allow several anchor points that would be outside of the 93 acres that we own.  RFP's are being sent to manufacturers and contractors to do the marina.  The application for the variance is before the LCRA's Board and that could be granted anytime between now and February.  This does not prevent us from going ahead and getting the GLO approval and getting bids.  We are moving forward and with any luck, we could start construction on the breakwater by the end of February or the beginning of March.  Discussion followed.

The Parks and Landscape Committee report was given by Carol Hanson.  The landscaping is coming right along.  There are new plants all around the office complex.  A display of the ideas the committee has was available for those present to see.  The work will continue once the more funds are available as all the funds allocated to date have now been used.  The entrance to Point Venture will be the focus in the coming year.   Discussion followed.

The Restaurant Lease Committee report was given by Harry Filbey.  The committee worked hard and long to come up with a lease that is now in the hands of the attorney to be revised and have the language modernized.  The process is complete and an agreement has been reached with somebody.  Harry will write an article for the newsletter detailing the whole process the committee went through to accomplish this.  Included will be the people that were involved, the bidders, the results of the process and the deal points as they changed for the benefit of Point Venture.  Discussion followed.

James F. Strong asked President Hawkins if he knew or if he could inquire regarding the Village of Point Venture requirements on road construction and tearing of the roads.  He has noticed some work done on Lakeland that has required the road be cut but the repair of the road is not up to previous standards.  Discussion followed.

    Old Business - No old business to discuss.

    New Business - Under new business there were several items presented:
1. 2007 Suggested Board Meeting Date - This item was approved unanimously.
2. President Jim Hawkins made a presentation regarding present and future dues.  This presentation was made by him as a property owner and not as a President of the Association or a representative of the Board.  The presentation consisted of a slide show detailing the effect an increase in marina slips prices would have on the monthly dues paid by all property owners.
3. Review Fiscal Year 2007 Schedule of Fees - All fees are to remain the same with the exception of the Club Room rental fee.  This fee has been eliminated for the year 2007 altogether and the deposit to secure the reservation was reduced to $50, amount that would be returned to the property owner that made the reservation.
4. 2007 Budget Proposal - Tabled

Members Input or Inquiries -
I. A member requested the dates for the 2007 Board meetings. 

     A motion was made by Mark Hipskind to adjourn at approximately 11:15 a.m.  The motion was second and approved.