DUCK SOUP COOP
Board Minutes
December 2, 2007
Present: Peggy James, Ann Mueller, Cynthia Nelson, Mary Helen Polensky, Tania Nezrick, Patti Ruback
Absent: Judy Krajewski, Ruth Peterson
The meeting was called to order at 4:00pm
James gave the General Manager's report. She presented the Budget Proposal for the GMM. Nezrick made a motion to approve the proposed budget for the GMM, it was seconded by Ruback.
There was an earlier e-mail vote regarding a proposed Bylaw change.
ARTICLE V. Board of Directors
Section 3. Terms, Resignation, Removal
Current: Board members shall serve two year staggered terms...
Proposed: Board members shall serve three year staggered terms....
board members voted to present the proposed change to the general membership for approval/declination.
Polensky gave an update on her conversation with Mike Carpenter (named property manager for the building), regarding the new lease. Some of the issues he is still considering:
--Allowing the Coop to shop for competitive bids on insurance coverage
--Giving the Coop first right of refusal should the building be sold
--Providing clear language in the lease regarding responsibility for maintenance vs. capital expenditures.
Until we receive a response, we will continue under the terms and rate of the current lease.
There was discussion regarding the Scholarship Program--the program was amended to conform to the practices of the previous scholarship program. (i.e. waiving of the equity fees and payment of annual fees by way of donations from interested members.
submitted by: Ann Mueller