January Board Meeting Update

On Monday the 30th of January all the board members were present together with the company secretary to discuss the following subjects relating to Wanaka Marina.
Craig Fahey has completed the essential maintenance at the Southern end of the Marina. The time and materials required went over the maintenance budget but there was sufficient funds to cope with this. There are no anticipated large projects in the next 12 months but this very much depends on the weather.
The time of year has come when we need to review and request quotes for insurance cover. As stated in previous years only one company QBE were prepared to insure the Marina. We are approaching AON, Vision, (current brokers) and Marsh( Frankton Marina brokers) to find the best possible policy for us. Efforts are also being made to obtain an idea of the cost of replacement of the Marina for a new and modern structure which may assist us in the future.
It is hoped that work will commence in February 2023 to remove as much of the silt that has built up between the inside of the Marina and the new boardwalk. Craig is working closely with the earth movers to get this completed. Conditions, with the level being so low are good and hopefully will improve with the dry weather we are experiencing.
Still nothing from QLDC regarding the hand rail for the pathway entrance. This may be to our advantage as access to the lake is required for the removal of the silt.
The Lagarosiphon continues to grow and spread, not just around the Marina but the entire lake. Although we are actively trying to get this dealt with there is only one company for the whole of New Zealand that is able to deliver the treatment and they are in high demand. Again we are hoping it will be undertaken in February.
The financials are are looking healthy. Enquiries are underway with our legal advisor regarding the FMC and our ability to become exempt from annual auditing. This is proving to be a complex issue but we hope to have an answer soon.
The Coastguard vessel will be leaving the Marina soon for its more permanent home at Eely point. This follows the sale of berth 16. Berth 78 also sold and the returns for the owners were very good. please remember WML are there to assist with your sales and rentals at anytime. Details are available on the website of any current sales.
During the summer there were no Health and Safety issues reported or any complaints of damage or theft from the Marina. This we believe is due to Craig’s presence and planning as we aim to keep the site hazard free and up to date with maintenance issues. Please remember he is always available for advice and the supply of ropes and fenders.
The next board meeting is due on the 17th of March when another update will be made available.
Mike Barker