Approved 03/07/02

Present:Koch, Gemmer, Anthony, Fell, Frisbie, Olsen, LaVrar, French, Bardizbanian, Varady, Brooks, Capozzo, Sottana

Ex-Officio: Chesarek

Guest: Pat Grace

The meeting commenced at 6:30 p.m. Minutes of January 3, 2002
Olsen motioned to approve, Bardizbanian seconded. The motion carried.

Treasurer's Report
Accepted.

Anthony motioned that the excess revenues from 2001 ($11,000) be made available in 2002 and that each member receive a $2.00 monthly credit ($1.00 for associate members) on their monthly billing commencing March 2002. A letter of explanation is to be sent with the billing. Gemmer seconded, the motion carried. (One abstention).

10 Year NEB Representative
On behalf for the 2002 Board of Directors, Koch honored Pat Grace with a plaque in recognition of his dedication and service as a GVCC representative for ten years and a NEB Executive Committee Member.

NEB
The North East Bay Association of Country Clubs (NEB) consists of sixteen clubs which meet quarterly to report on the activities of their club. The information contained in the reports are useful to our Board of Directors and Club management. Each meeting has a guest speaker. The topics cover a wide range of issues particular to private golf clubs.

NCGA
The Northern California Golf Association (NCGA) has scheduled 13 meetings in the Bay Area for 2002. Koch noted that any Board member was welcome to attend.

Minimum Selling Price
No adjustments at this time. The minimum selling price will be discussed at the March 2002 Board of Directors meeting.

Membership Sales & Notations
The Board of Directors took note of four Notices to Sell and six reductions in the selling price of a membership. All will be effective February 8, 2002.

Committees

Greens: OUTSIDE TOURNAMENTS - After reviewing the advantages and disadvantages of outside tournaments, the green committee feels it is appropriate to continue scheduling these events at the Club. Story is attending a Green Superintendent's seminar in Orlando, Florida.

Golf: OUTSIDE TOURNAMENTS - After reviewing the advantages and disadvantages of outside tournaments, the golf committee feels it is appropriate to continue scheduling these events at the Club. The 2003 outside tournament fees will be discussed by the committee in the near future.

House: An informative meeting to update new and returning members on the progress of purchases, estimates and plans for 2003.

Tennis: Court usage has increased from 2001. The tennis calendar of events will be mailed soon. The committee has tabled for future consideration the March 2002 ballots for a tennis class of membership.

Membership: The committee discussed various ways to promote Club sales.

F&B/Social: No meeting. Subject to C.I.F. funds, Capozzo will purchase three tables with wings to create round tables when necessary for casual Club dinners.

B&G: No meeting.

Pool: Discussion on dates for pool opening, swim team sign up, practices and swim lessons. There was also a discussion on the Fitness Center. The committee is working on a second plan for the Fitness Facility in the event that the Long Range Planning Committee is delayed.

Old & New Business

Member Correspondence: A member requested that current selling information be placed in the KEY. Due to deadlines, CURRENT information cannot be placed in the KEY. In an attempt to keep the membership informed of selling prices, Varady motioned that the prior month listed selling prices be placed in the KEY as well as a notation that CURRENT information can be found on the Golf Pro Shop bulletin board and the Club's website. Olsen added that the KEY notice state "subject to change without notice." Gemmer seconded, the motion carried.

Membership Committee Transfer Fee to a Son or Daughter: Tabled until revision. Olsen is contacting Lavezzo for revision.

Employee Parties: The Board of Directors agreed with Capozzo's recommendation of no alcoholic beverages at the Summer Employee Pool Party. The discussion for the Employee Christmas Party was tabled.

House Rules: LaVrar suggested to mail a yearly update of the House Rules with the Directory.

The meeting adjourned at 8:15 p.m.

Respectfully Submitted, Anne Gemmer, Secretary