HomeMy WebLinkAbout04/19/2005
Fishers Island Community Center Board
Meeting Minutes for 4/19/05, 6:00pm
Fishers Island VilIage Office
In attendance:
Karla Heath, Judi Imbriglio, Charlie Stepanek, Sara McLean, Grace Burr and Mere.
. Proposal for FIDCO:
o We need revised numbers from CME in order to really get the proposal to
be specific. John and Sara are working on that proposal.
o May 13-14 is discussed as a potential weekend that some of the C.C.
Board could meet with FIDCO reps from the building committee. Sara and
Grace will try to button 98 up with that meeting.
o Kinlin hopes to have plans for us next week.
. Next the email that Sarah Moody sent around was discussed. She needs more info
on costs for equipping the building.
o Judi sent her some info that her and Karla worked on.
o Sara thought that the exercise room could be fitted for around $100,000
based on the 2,00, sq. ft. plans we have discussed.
o Sarah Moody wants estimates on membership numbers and revenue from
that. She thinks that 50% of our costs should come from that.
. Usage was discussed next. How many people will use the C.C. once it is going?
o Mere provided the off-Island list that the ICB had been using and we all
looked at that and the phone book to collect a sampling of potential users.
o It was roughly determined that 300-400 households could potentially join
and that basic membership could revenue about $50,000 (from an
estimated 200 family and 50 single memberships) a year from the non-
resident population for year-round access to the C.C.
o It was assumed that people interested in the exercise room also would join
and pay $360.00 for an adult membership and $650.00 for a couple. If 25
adults joined and 10 couples from the Annual member pool, that would
gross $15,000.00 more for the C.C.
o Six month members wanting to use the exercise room could net us around
$26,000.00 from $300.00 adult fees (x50) and $525.00 couple fees (x50).
There could be as many as 75 (x $50.00) kids umnarried from ages 16-15
and this would net another $11,250.00.
o Also to consider is the visitor drop-in fees of $20.00 per day that will be
available to household guests of members of the C.C.
o The year-round population could bring in around $5,000.00 each year by
assuming that 50 families might join at a rate of $1 00.00 a year.
o These numbers (leaving out bowling alley revenue) add up to $120,000.00
each year coming from membership fees alone and basing this all on what
we feel are very reasonable numbers of potential users. These may even be
low-balled numbers.
. It was determined that members could pay quarterly.