Board Meeting – October 28, 2025

Bay Colony Marina Monthly Board Meeting

October Board of Directors Meeting; October 28, 2025

Approval and web posting of Minutes from the September 2025 Monthly Board Meeting held on September 30, 2025.

Attendees: D. Bodnar, D. Shapiro, K. Moore, P. Hekl

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
Draft a shorter 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

- PJ (Carpenter) dock repairs – floats; triangles, aluminum covering – completion in October
- Replaced Pedestal and Marina Office building light bulbs – Board member conduct check at night to make sure all work – take off tape for those that work.

- Re-trim around Marina basin – Dockmaster, Board, and MRC Volunteers
- Conduct dump run

Marina Business Update

Previous Business
- Marina incidents
  - Boating accident discussion between boat owners – completed
- Dockmaster purging and updating master files and display board
New and Ongoing Business
- Dockmaster Tom completed season on October 26
- Slips for Rent and Sale on Marina website
  - 2 x Slips for Rent; F-1, Negotiable, E-6: $7000
  - 6 x Slips for Sale; A-6 $67.5K; C-5 $65.9K; F-10 $60K; F-15 $58.5K; F-22 $64.9K, F-6 $59.9K
- Constant Contact emails sent out
  - Marina winterization – done
  - MRC Survey – TBD
- Marina Dredge Update
  - State and Federal Permits all submitted
    - 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 yard (4,000 yards x $10 = $40K)
  - Dredging Company – develop and sign contract – Clarke Droney, Millville, DE
    - Price is $45 per yard (4,000 yards x $45 = $40K)
  - Tentative dredge date – determined by DNREC and USACE – Jan – Feb 2026
  - Conduct bathymetric study in 2026 at the conclusion of dredging
- November – Mail Annual Letter and 2026 assessments; $1,200

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;