The loose bolt on boogie has been replaced.
I think the issue was glue failure as the bolt was well recessed. It took over 3 hours to remove. This included drilling a hole directly above the bolt along the shaft.
When it finally came out, I found that the shaft had tack welds along it which I suspect were binding to the edge of the hole
To the MORON who removed the red tape off this bolt somewhere between Wednesday afternoon and Saturday morning. Not everyone was aware of the loose bolt, including one of my friends who happened to lead boogie Saturday morning and was slightly surprised at what he found.