Board Meeting – September 30, 2025

Bay Colony Marina Monthly Board Meeting

September Board of Directors Meeting; September 30, 2025

Approval and web posting of Minutes from the July 2025 Monthly Board Meeting held on August 26, 2025.

Attendees: D. Degidio, D. Bodnar, K. Moore, P. Hekl, Bill Hoyle.

Upfront Items for Information, Discussion, and Decision

Marina Financial Update

- New Slip Owner addresses
- Welcome email sent to new Slip Owners (David)
- Add email to Constant Contact List (Don)
- Slip sales – totals

Marina Replacement Committee – MRC

Conducted September MRC meeting
Review Draft Marina Replacement Survey on potential ways forward
Reviewing Capital Improvement loan information with banks
Marina Replacement proposals; previous estimate August 2020 at $3.8M, and May 2023 at $4.35M; awaiting new 2025 estimates

Marina Maintenance Update

- Replaced and repaired Gate 1 door lock – twice
- Repaired all security cameras (total of 6 x cameras)
- PJ (Carpenter) dock repairs – floats; triangles, aluminum covering

- Replace Pedestal lightbulbs – check this week and mark with tape
- Replace Marina building outside lightbulbs
- Re-trim around Marina basin – Dockmaster, Board, and MRC Volunteers
- Conduct dump run
- PJ (Carpenter) ongoing dock repairs – floats; triangles, aluminum covering

Marina Business Update

Previous Business
- Marina incidents
  - Boating accident discussion between boat owners
- Dockmaster purging and updating master files and display board
New and Ongoing Business
- Slips for Rent and Sale on Marina website
  - 2 x Slips for Rent; F-1, Negotiable; G-07, Negotiable
  - 6 x Slips for Sale (1xnew listing); A-6 $67.5K; C-5 $65.9; F-10 $60K; F-15 $58.5; F-22 $64.9K; F-42 $60.3K
- Constant Contact emails to send out
  - Marina winterization
  - MRC Survey
- Marina Dredge Update
  - State and Federal Permits
    - Dredge Permit Consultant;, Verdantas – David Small, PE, and Savannah Budka, EiT
  - Dredge material spoil site contract, April 3, 2025, deposit of $10K
    - Land owner – Chris Magee, Frankford, DE
    - Price is $10 per yrd (4,000 yrds x $10 = $40K)
  - Dredging Company – develop and sign contract – Clarke Droney, Millville, DE
    - Price is $45 per yrd (4,000 yrds x $45 = $180K)
  - Tentative dredge date – determined by DNREC and USACE – Jan – Feb 2026
  - Conduct bathymetric study in 2026 at the conclusion of dredging
- December – Mail Annual Letter and 2026 assessments; $1,200
- Review Marina Monthly activity task list for October, November, December

Future Business

Spring 2026 – Host Delaware Boater Safety Course conducted by the USCG Auxiliary Indian River Station. Cost is $20 per student. Include an Indian River Inlet familiarization portion for new Owners/Renters.

Next Monthly Board meetings and Special Board Meeting;

Next Marina Replacement Committee (MRC) Meeting;