Waterbury Inn Owners Association, Inc
Board of Directors Meeting Minutes
Saturday, June 11, 2022 

Board Members

Board President: 		Bill Niemiec		-112 & 215
Board Vice President:		Rose Mastricola	-104
Board Treasurer: 		Chuck Frain		-203 (Absent)
Board Secretary:		Mike Gadsby		-122 	
Board Position:		Dennis Kapustka	-213
Owners Rep:			Mary Binder		-107
Owners Rep:			Sheri Mastalish	-210
Owners Rep:			D'Ann Jackson	-G01
Waterbury Inn Innkeeper: 	Chuck Naffier

In attendance:  Peter Jackson -G01, Jane Harber -103, Mary Lou Lager -118, Karen & Ron Grosse  -116 & 117, Tom Delahunt -109,  Bob Olsen -105, Steve Stoffregen- 115, Inga Bacon, CPA

Call to Order and attendance:
	9:02 call to order 

Approval of Agenda: A motion to approve the agenda was made by Dennis Kapustka and seconded by Mike Gadsby, unanimously passed.

Approval of the minutes:  A motion to approve the minutes of the April 22, 2022 Owner's Annual Meeting was made by Dennis Kapustka and seconded by Mike Gadsby, unanimously passed.

Financial Report/Status:  (Chuck Naffier)
	a.  Chuck noted that the budget forecast is updated and that advanced reservations (see attached report) are ahead. 
	b.  Inga indicated that the May financials will be ready soon.
	c.  In response to an inquiry on our bookings being up, Chuck noted that reservations were sold out for every weekend with a few exceptions.  There is a two-night minimum for weekend days and one night stays available for Monday, Tuesday, and Wednesday.	
	
Communications/Owners' Concerns: (Rose Mastricola)
	a.  In response to inquiries Rose has received she wanted to indicate that rotations are not impacted by any help situations.
	b.  Secondly, Rose reiterated that communications through an owner's representative as well as any board member is always welcome.

Operation/Innkeeper's Report: (Chuck Naffier)
	a.  Chuck submitted a completed Manager's Report for the June 11, 2022 meeting which is attached for review.
	
Committee (Review of Documents) Report: (Rose Mastricola)
	a.  Rose pointed out that the committee's review of the Waterbury Inn documents has revealed numerous issues which need to be addressed.  Notes on the Committee's findings are attached.
	b.  After a review by Peter & D'Ann Jackson on the deeds & records pertaining to Waterbury, a follow-up plan to contact a real estate attorney to review the property documents and the possible acquisition of an updated property survey was determined to be needed to clarify & legally define the correct status of the Waterbury property.
	c.  Further the committee's goal is to have the necessary revisions and changes to our documents made and reviewed by an attorney and then provided to the owners to vote on by the 2023 Owners' Meeting.
	d.  Mary Binder has agreed to join the committee to assist in processing the necessary changes to the documents once approved to our website.

Old Business: 
	a.  Until the property survey is straightened out, any further progress on the engineering report pertaining to the parking lot will be put on hold and Dennis Kapustka will keep the engineers updated.
	b.  Any owners who frequent the adjacent property in question (the George Burr Gallery) should be advised not to discuss any information pertaining to either of our properties until the legal status of the properties is accurately determined.
			
New Business:
	None	

Meeting adjourned at 9:53 am

Next Meeting:  September 10, 2022 (In Door County & via Zoom)

Respectfully Submitted
Mike Gadsby
Board Secretary
Unit 122

Attachment:	 Reservations Comparison 2017-2022
Attachment:	June 11, 2022 Manager Report
Attachment:	Notes on Waterbury Inn Review of Documents