March 25, 2026
Gilford Yacht Club Board meeting
Minutes
In attendance: Steve W, Dave A, Tim M, Dimitri,Dave J Guests: Lawyer Philpot, and GYC members Mike Mayo and Al Posnak
10AM
Meeting called to order
Tim let members know that they only had 5 min each to talk
Mike Mayo asked why Ducharme was let go as there was no notice given to members. Tim and Dimitri responded he was expensive and was not working in the best interest of the board. The board is not required to update members on decisions they make.
Mike Mayo also asked for information on the year the travel lift was built . There is no date of manufacture readily available. Probably in the 1960s. All parts are readily accessible for replacement if needed. Mike Mayo also had a list of questions he has wanted answered. Dave J will address.
Mike Mayo also introduced the board paperwork to add 3 GYC members (Robert M (Mike) Mayo, Amy Auletto, and Rich Bono) who would like to run for board positions at the annual meeting in June.
Al Posnack asked questions about our finances that our treasurer answered.
Tim introduced GYC new lawyer,William Philpot to the board. Mr. Philpot was the lawyer that drew up the original declaration and by laws for Gilford Yacht Club. Mr. Philpot informed the board he will only answer questions from the board and only when directed by the board answer members’ questions.
Budget was discussed. GYC has a CD in Meredith bank $63.000 and working capital in the bank of $83,825. We are in very good financial shape. GYC is going to have to pay taxes on some of the money we earned, so we are looking into ways to reduce taxes.
We have some people that have not paid their dues and there was talk of how to get this money. Liens will most likely be placed on their dock. More discussion is needed.
Board made a motion to appoint GYC member Kevin Morris(#53) to the open board seat vacated by Svend. Motion was accepted.
Kevin Morris, David Almstrom, and Dimitri Zhivotosky will all be running for re-election
this June. If any member would like to run for a board seat, please submit your name to any board member by April 15, 2026.
Board approved keeping same workers that have been mowing lawn and cleaning bathrooms.
New lattice will be put up around bottom of bath house. We will continue to work on bath house dock, nails have been pounded down and dock will pressure washed and stained. Board will continue to monitor lights and replace them as needed.
Board is very happy with our relationship with accountant Steve Geer, and feel he is doing a great job keeping us on solid financial ground.
Motion to adjourn meeting accepted 11:51