All Meeting Minutes

1996.01.04 - Excom

EXCOM MEETING
Thursday January 04, 1996

Executive Committee Meeting

Jan. 4, 1996

The regular meeting of the Executive Committee of the Cal Sailing Club was held at the Clubhouse on Thursday, January 4, 1996. Commodore Bill Csajko presided.

The meeting was called to order at 7:25 PM. In attendance were Bill Csajko, Veronique Anxolabehere, Dan Acland, Louis Benainous, Jesse Smith, and Jennifer Kirkland. Also in attendance were Donations Chair Saul Schumsky, and member Ward Fulcher.

A report of the club s finances was not available.

REPORTS

Commodore's Report (Bill Csajko)

Web Site: CSC's home page has attracted other sailing enthusiasts. An individual from a Lido sailing club in Fremont contacted us recently and was interested in learning more about our experiences sailing the new Lido.

Vice Commodore's Report (Veronique Anxolabehere)

No Report

First Vice Commodore s Report (Narcisse)

No Report

Second Vice Commodore s Report (Bill Moseley)

Equipment Update: 12 sails are now being repaired. CSC has a total of 23 junior sails and 23 novice sails. The boards are also in good shape. Although during the recent storm some boards needed to be secured, board storage is considered adequate for all but the most extreme circumstances.

Third Vice Commodore s Report (Dan Acland)

Dismasted Dewey: With the new year came Tim Brandon's resolution to fix the mast ASAP.

Boat Haul-out: Dan is currently looking into a Richmond boat yard's offer of cheap boat haul-out.

Rear Commodore's Report (Louis Benainous) No Report

Port Captain s Report: (Jesse Smith)

Dayleader Update: A new dayleader was hired. His name is Naim, and he sails and windsurfs. Of note is that all dayleaders are junior skippers. One more dayleader needs to be hired, and a training session for dayleaders will be held in the coming week.

Ramp Repair : Repairs on the ramp appear to be moving slowly. There is no information on when it will be operational.

Treasurer's Report: (Patrick Twohy)

No Report

Secretary s Report: (Jennifer Kirkland)

No Report

Committee Reports

Donations Chair ( Saul Schumsky)

Saul is currently looking into taking a donation of a Cal 20. He has yet to inspect the boat, but will report back as soon as possible with the details.

The issue of how CSC would like to handle donations was discussed. In the past, CSC has acquired donations mostly for scavenging and resale purposes. As long as a boat's value is under $5000, we are able to sell immediately. When the boat is valued at or above $5000, it needs to be held for at least two years so it will not affect the donators tax write-off.

Apparently, if the boat is subsequently re- sold immediately for less than the donators charitable deduction, the IRS redflags it and the possibility of an audit skyrockets. The risk of an audit goes down if the donators gets a professional appraisal, but this poses additional and unwanted expense for the donators.

Thus, CSC is obliged to hold the boat for two years to allow the donators to get a market value deduction. This practice would cause CSC to incur quite a bit of upfront expense and reduce the profit from any sale. For these reasons, CSC has historically discouraged any boat donations worth $5000 or more.

Saul contended that CSC is missing out on a potentially very profitable enterprise. There are two possibilities for reducing storage costs for boats. First, CSC could invest in a large carrier and store the boat in the boatyard, but the cost could be $1000- $1500. Second, CSC could engage in a 2 year lease with the person the boat is resold to, but there may be liability issues involved.

Although there is room for quite a bit of growth in this area, there would need to be an investment of time and money to realize it. Saul would not be able to pursue an expansion of donations without having the support of CSC. This project could conceivable become a part-time job, which would necessitate his being compensated for his time.

Given the unanswered questions regarding holding boats, the topic was left open to be revisited until all the details are gathered.

AGENDA ITEMS

Fleet Replacement:

No member questions or concerns have been raised about purchasing the Lido. It appears that the membership supports the decision and CSC should move forward with negotiations with Schock.

Peter Kuhn has submitted suggestions for boat modifications. Louis is still collecting ideas from as many people as possible before he gives the requirements over to Schock.

Bill suggested we consider buying 10 boats instead of 8, since our membership has grown significantly since the last fleet replacement.

Dan Acland- Cruising Skipper:

Dan presented the credentials necessary for becoming cruising skipper. Letters of recommendation from Bill Gavelis, Scott Hotes, Bill Csajko, and Louis Benainous were read, and certification in required courses was submitted. Jesse moved to make Dan a cruising skipper. It was seconded by Veronique and was passed with 5 votes in favor and one abstention (Dan). CONGRATULATIONS DAN!

The meeting was adjourned at 8:40 PM. The next scheduled meeting is January 18, 1996.