February 11, 2026 Board Meeting Minutes

                        MALONE ISLAND ASSOCIATION

                                                            MEETING MINUTES

                                                            11 FEBRUARY 2026

1. Meeting called to order by President Kevin Dallmann at 6:04PM CST

2. Roll Call.

            Members present: Kevin Dallmann, Ron Larson, Jeff Hubbard, David Hodge, Neil

            Hailstone. Absent: Wes Myckelby and Eric Wilaby

3. Presidents Report.

            New Members….Welcome David Hodge as Treasurer and Neil Hailstone as Trustee

4. Secretary’s Report.

            Discussion: Should the Board approve Membership Meeting Minutes. It was decided that the             Board should approve Membership Meeting Minutes in order to have them posted to the website on a timelier basis.

            Secretary Hubbard presented September Membership Minutes for approval.

            Motion to approve minutes by Hubbard, seconded by Larson. Approved unanimously.

5. Treasurers Report.

            A, Checking Account Balance: $17,243.32

            B, Savings Account Balance: $13,407.61

            C. Projected Cash as of 1 March 2026: $33,000.00

            D. Loan Balance: $80,000.00

            E. Projected annual income is approx. $19,000.00; Expenses approx. $18,000.00. Hodge says      that normally he would recommend that some of the excess funds should be used to make       additional payment on loan principal, however with the cost of weed control in the marina an unknown he suggests that any additional payments be deferred until true weed control cost is determined. After discussion, Board agreed to defer any additional payment.

6. Welcome Committee Report

            New Members

                        Rich Subject at 1455 White Cloud Dr

                        Paul and Kathy Carraher at 1700 White Cloud Dr

                        Dan Lorentz at 1520 White Cloud Dr

                        Brad and Pam Miller 1435 White Cloud Dr

7. Dock Committee Report

            VanHull Dock still needs to be moved. Dallmann will get in touch with him.

8. Maintenance Committee Report

            Waiting for a calm day wind wise to burn

9. New Business

            Proposed new Bylaws have been distributed. Dallmann asks that members review, make

            comments and prepare to discuss them during the spring meeting.

            An ad hoc committee, consisting of Dallmann, Larson, and Hailstone has been formed to come    up with a solution for weed issue

            The current web site is NOT user friendly. Discussion about hiring a webmaster or perhaps             changing host. It was noted that there may be a member with the ability to manage the site.             Kevin will explore ideas.

Having completed all necessary business a motion to adjourn was requested.

Motion made by Hailstone, seconded by Hodge.

Passed unanimously.

Meeting Adjourned at 7:58PM CST

Minutes approved at May 21st Board Meeting