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</o:shapelayout></xml><![endif]--></head><body lang=EN-US link="#0563C1" vlink="#954F72" style='word-wrap:break-word'><div class=WordSection1><div><div><div><div><div><p class=MsoNormal>To the Board of Directors \u2013 <o:p></o:p></p><p class=MsoNormal>It\u2019s that time of year again! Annual Invoice Time! Attached are drafts of the various Agreements that I send along with the invoices on November 15. Please review them and let me know if you think anything needs to be changed. I will ask that they be approved at the 11/11 Board meeting. I made a small change to the Launch Agreement: line 4 used to end with \u201con or before the first date on which the Launch User wants to use the launch, but no later than June 1\u201d. I took out the no later than June 1 part because we have a couple of \u2018economy-minded\u2019 members who wait every year until the middle of June or July to pay and then want to not just pay the fee but have the fee prorated.<o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>At the Board meeting, I will also ask for approval of the various fees we charge. Currently, those fees are:<o:p></o:p></p><p class=MsoNormal>Annual Locker - $40 \u2013 Recommend $50<o:p></o:p></p><p class=MsoNormal>Seasonal slip - $75/foot \u2013 Recommend $80<o:p></o:p></p><p class=MsoNormal>Seasonal Mooring - $1600 \u2013 Recommend $1750<o:p></o:p></p><p class=MsoNormal>Seasonal Dinghy - $150 \u2013 Recommend $175<o:p></o:p></p><p class=MsoNormal>Seasonal Dinghy Pullout - $25 \u2013 Recommend $50<o:p></o:p></p><p class=MsoNormal>Seasonal Launch - $175 \u2013 Recommend $250<o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>Other fees we charge during the season include:<o:p></o:p></p><p class=MsoNormal>Transient Mooring July & August - $40 \u2013 Recommend $45<o:p></o:p></p><p class=MsoNormal>Transient Mooring June, Sept, Oct - $25 \u2013 Recommend same as July & August (we charge that anyway)<o:p></o:p></p><p class=MsoNormal>Member Mooring - $15 (was $8)/night \u2013 Recommend $20/night<o:p></o:p></p><p class=MsoNormal>Wait List Seasonal Launch - $450 \u2013 Recommend same<o:p></o:p></p><p class=MsoNormal>One-way Launch Ride - $5 \u2013 recommend same or maybe $10<o:p></o:p></p><p class=MsoNormal>Member Dock or Slip - $10/night \u2013 Recommend $20/night or same as member mooring<o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>Please give these fees some thought. In the past, they have been somewhat contentious. Feel free to discuss them among yourselves prior to the meeting to minimize the time we spend debating them at the meeting. <o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p></div></div></div></div></div><p class=MsoNormal>Note that dues and membership application fees are not on these lists. Those fees are fixed in the Constitution and can only be changed by a vote of the members as a change to the Constitution at the annual meeting. You might start thinking about that as well. A useful modification to the Constitution might be a clause to permit the Board to raise dues and application fees by up to 5% per year.<o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>Thank you,<o:p></o:p></p><p class=MsoNormal><b><span style='font-size:14.0pt;font-family:"Lucida Handwriting"'>Doyle Skeels, Treasurer<o:p></o:p></span></b></p><p class=MsoNormal>Portsmouth Yacht Club<o:p></o:p></p><p class=MsoNormal><a href="mailto:treasurer@portsmouthyc.org">treasurer@portsmouthyc.org</a> <o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal><o:p> </o:p></p></div></body></html>