President, James F. Strong, 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, May 13, 2006.  The board members in attendance were Mark Hipskind, Jim Blanton, Harry Filbey, Joe Pedigo, Hank Reimer, Everett Roberts, Jim Strong, and Colleen Hickman.

The minutes of the previous meetings were approved as written.

Treasurer, Mark Hipskind, gave the financial report. The bank balance as of May 13, 2006, is $722,704.47. The Treasurer's Report was approved.

Golf Course Committee Chairman was not in attendance.  President Strong commented that the golf course is in good shape.

Lot Marketing - No report.

Pool, Club Room and Recreation Area Committee report was given by Mim Hruby. The proposal submitted to the Board is near completion. The pool lounge chairs have been re-strapped, new lounge chairs and upright chairs have been delivered. Some pieces of equipment in the exercise room have been repaired or refurbished, the bathrooms in the exercise room have been repaired or refurbished, the floors have been painted and some other items will be completed next year.  There are still one or two things in the club room, some wall decorations and a plan to begin to replace the tables that are in there.  Discussion followed.

The Architectural Control Committee had nothing to report.

Security Committee - Joe Pedigo reported for the security committee.  There is no new information to report; there has not been any increase in crime rate noticed. Discussion followed.

Mark Hipskind reported for the Marina Committee.  The wheels are turning slowly but they are turning.  There was a meeting with the LCRA this week.  The permit issue was visited during this meeting.  If everything goes well, there could be some visible work started by the end of the summer.  The worst case scenario would be a year and a half down the road.  All this will be based on public input because a public notice does need to be filed.  Discussion followed.         

The Parks and Landscape Committee report was given by Colleen Hickman.  Our committee has had several meetings.  It has been suggested that no new plants be put in until the fall.  There have been some changes at the park, new pieces of playground equipment have been installed, and we have moved the 15/mph that was outside the park inside.  It was suggested that the traffic flow be changed to eliminate any driving between the pavilion and the playground.  The Board will discuss the various options of where a fence would go.  You will still be able to drive up to the pavilion but not between the pavilion and the playground.  Colleen encouraged everyone, if it had not been done, to use the Point Venture sticker or the temporary stickers issued by the guard.

Old Business - No old business to discuss.

New Business - One item of new business was the certification of the Board of Directors nominees. These are the names of the candidates that will appear on the ballot: Perry Senn, Bobby Kuykendall, James T. Blanton, Gwen Kale, Joel Desmarais, and Jim Hawkins. Also, a concern was voiced by a property owner regarding the re-directing of the water when the road was re-done on Comanche Lane and how this has affected the way the water runs behind her house as well as the possibility of flooding on her property if the rain is significant.  Discussion followed.

A motion was made to adjourn at approximately 10:10 a.m.  The motion was approved.