PRESENT: President, Ed Wallach, Jean Crispino, Jeff Nodelman,, Augie Semeria, Mike Hessney, Shek Gong, Jerry Pozen and Lucille Passannante

STAFF: Bob Fedderwitz

MINUTES: The minutes of the November 16^th, 2011 meeting were accepted as read by Jerry Pozen

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FINANCIAL

REPORT The November 2011 financial report was accepted as read by Jeff Nodelman.

DELINQUENCY

REPORT As of November 30^th, 2011 there are 439 delinquencies, down 10 from this time last year.

DIRECTOR’S .

REPORT Bob wished all a Happy Holiday Season. He reported that the painting of the exterior of the building was complete and looks great. The re-upholstering of the Patio Room chairs was complete and looks great. The grounds were mulched and annuals planted and added to the decorations outside and inside the lobby for the holidays. Bob announced that Center Stage season ticket sales were down but he was hopeful for single ticket sales to make up the difference. Bob reported that the annual dues bill was mailed and will reach mailboxes by Christmas Eve. He said the staff party at his house was very successful and fun for all who attended. Bob gave a special thanks to the Administrative Assistant, Muriel for her hard work especially re-scheduling personnel to cover the illnesses of some of our employees. He reminded all that the Annual meeting will take place on Wednesday, January 4^th at 7:30 PM where the new Board Members will be installed. Bob then deemed by the powers inherent to double the salaries of the Board of Directors and asked each Board Member to accept a small gift on behalf of the members of the Town Center Club for all of their diligent work in 2011. Bob wished all a Happy Hanukkah, a Merry Christmas and a Healthy and Happy New Year..

PRESIDENT’S

REPORT President Ed Wallach, in an emotional speech, thanked the Board for their hard work in 2011. He thanked all for their support during his term as President and talked about filling the shoes of past presidents like Mike Carioscia and Pete Montana. With best wishes to the new Board, Ed ended his last report as president as all in attendance applauded his accomplishments.

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BUSINESS None

NEW

BUSINESS None