Board of Directors Meeting Notice and Agenda – Meeting of March 3, 2020
TO: ALL MEMBERS OF THE BOARD OF DIRECTORS
The Board of Directors will hold a Board meeting on Tuesday, March 3, 2020, at 9:00 AM local time in the Dinich Building, 4425 Thomas Drive, Panama City Beach, Florida. The purposes of the meeting are:
‘The first issue is to approve opening a new checking account that would only receive and disburse insurance claim proceeds. This is at the recommendation of the auditor to keep these funds separate from all other funds so as to be easily and more accountable for as they are spent on insured damage. Any insurance claim funds that are not spent on insured repairs are subject to income tax at some point, so this account offers more clarity to the accounting function.
The second issue is to establish an updated list of those who are approved by the Board to sign checks on all Moonspinner checking accounts at Trustmark, including the new/future account for insurance claim proceeds. (All Moonspinner checks require two signatures.) Trustmark will not allow any changes to the current list without Board meeting minutes establishing the new list.
The Board will consider Board members and our General Manager:
Jackie Wysong, General Manager
Upon receipt of the minutes of this meeting, Trustmark will initiate paperwork to establish the new approved list. All signers will be required to sign/resign signature cards and associated paperwork.
This meeting will strictly follow the agenda below. No other Moonspinner issues will be addressed. Board members who cannot attend in person will need to attend by phone so we can establish a quorum.
Roll call to establish a quorum
Reading and approval of minutes of the February 8, 2020, meeting
Approval to open a new checking account for insurance proceeds
Approval of list approved to co-sign Moonspinner checks
Conference Line Instructions
Call (712) 775-7035
Access Code: 865249#
*6 will mute/unmute the line
ALL OWNERS ARE WELCOMED AND ENCOURAGED TO ATTEND
MOONSPINNER CONDOMINIUM ASSOCIATION, INC.
Bob Reeves, President