In November 2006, the board approved a plan to refurbish 14 units in the two main buildings over a two-year period. The refurbishment is being funded by a special assessment of $500 per unit week payable in two equal annual installments. The refurbishment of 7 units (3, 4, 5, 6, 11, 14 and 15) was completed in the fall of 2007 and another 7 units (1, 2, 7, 8, 9, 10 and 16) will commence in the fall of 2008 with completion before year-end. The first special assessment installment was billed in 2007 and the second installment of $250 has been billed for payment in July 2008.

We understand that the owners of units in the front building want to know when the refurbishment of their units will take place. The board continues to work on a plan for the office building and in the process has determined that the roof and the outside wood needs replacement or repair. It has also been discovered that to accomplish the preferred interior configuration requires amendment to our condominium timeshare documents at a cost of about $ 4,000 for professional fees. The board is exploring the available options.

Many very good comments and suggestions have been received from owners as a result of the refurbishment of the 9 units already completed. The board is considering your comments and suggestions in planning for the 2008 refurbishments. A proposal for the 2008 refurbishments is in process from the contractor used for the 2007 refurbishments and a written agreement will be obtained. The costs for the 2008 units will undoubtedly be higher than for the 2007 units but the anticipated cost is not known at this time.

At the April board meeting, the February resignation of Jennifer Kazar as member and secretary for health reasons was accepted with regret and thanks for her many years of service. The board elected H. Celeste Marshall to complete Jennifer's term as member. Betty Williams was elected to serve as secretary and Joe Jeffords was elected as treasurer.

The board welcomes our new maintenance staff, Eugene and Eileen Ciesel. Comments received from owners and renters about the new staff have been very favorable. Many compliments have been received about the resort property looking much better. Much of that can be attributed to Gene and Eileen and they are working hard to continue improving the appearance of the place we all enjoy.

Other significant happenings at the resort include: upgrading the unit 12 and 13 kitchens and painting the walls other than the bedroom and bathroom the same color as in the units refurbished in fall 2007; adding an 18 inch cabinet and extended countertop in the kitchens of units 4 and 5; entering into a new agreement with the linen company to obtain a better quality of linens in bone instead of white; laundering of bedspreads, mattress pads and blankets routinely by an outside laundry service with good results; and installation of an automatic chemicals feeder and new timers for the jacuzzi (strongly recommended by the Pinellas County Health Department).

The resort recently had a fire safety inspection and several significant issues were raised that must be corrected before the reinspection. The grills are being moved to the gulf end of the north building as they must be 10 feet from any structure or overhang. The chairs on the second floor walkways are being removed as they are considered an egress obstruction in the event of a fire.

The board is presently evaluating three proposals obtained for solar heating of pool water and hot water for the units. The pool water and hot water heating are now heated with gas and it appears a significant reduction in the gas cost can be realized with a minimal investment in solar heating equipment.

Revision to the board member election process is being studied for presentation to the membership at the annual meeting in October 2008. The proposal would increase a board member's term to 2 years from 1 year and would limit a board member's consecutive years of service to six. The members would be required to vote on the proposed changes since the articles of incorporation and by laws would need to be amended. These changes should assure continuity on the board and would be implemented if approved by the members.

Please advise the Association office as soon as possible after any name; address; or home, business or cell phone number including area code changes. The resort manager can be reached by phone, facsimile or email at resortmgr@theislandernrbfl.com . The Islander website is available with board members, officers and resort contact information, rental rates, ownership (selling prices), units, amenities, maps and attractions at www.theislandernrbfl.com . The Board is working on a bulletin board it hopes to have available soon for posting of important information for all who visit our website.

Comments and questions are always appreciated and considered for action by the board, officers and staff. The resort manager can always contact a specific officer or board member if you make a request for a return phone call or you can email a specific officer or board member at their specific address on the website.

The board, officers and staff are extremely happy to welcome numerous new owners as well as existing owners purchase of additional unit weeks. Please tell all of your friends and relatives about the great purchase opportunities available to enjoy the beach and beautiful resort facilities together with very reasonable prices and low maintenance fees.

THE ASSOCIATION BOARD OF DIRECTORS, OFFICERS AND STAFF