Board of Directors - Meeting
January 29, 2015
7:30 - 8:30
Present: Susan, Quinn, Mike, Marie, Chris, Earl, Tama, Molly (via Skype), Greg (GM), Nathan, Bethy
Business credit card.
While a board member would file out the application, that member would not take any risk. There are offers from Amex, Capital 1, NDFCU.
Motion to authorize GM to get a Visa Capital 1 business credit card with Mike as the co-applicant. Passes 10-0.
Credit card account may not carry an interest accruing balance past the due date without approval by the Officers of the Board and Mike. Motion oasses 9-1.
Discussion regarding seeking doing a credit card with NDFCU, which is local and we have a prior relationship with.
Motion to change walkin-cooler proposal so that there is a hole in the wall (access point) on the north side of the bulk section. Passed 10-0.
Motion to authorize purchase of walkin-cooler by Jay Siade (currently quote is $23k) 10-0
GM will get requote with Jay Siade with moving it to the corner, making hole in wall, and making cooler larger. GM will email new quote and Board will respond within 24 hours. 10-0
Ancon Debt; NDFCU loan
What is our back up plan if loan from NDFCU? NDFCU has been slow to respond to GM’s emails. What about a new member loan campaign for new member-owners. Target new members that have not been a part of a member loan campaign before.
Suggestion to try loan or grant from First Source.
GM will call NDFCU regarding hold up of loan. Mike will call NDFCU (he is member of NDFCU) to talk to someone about what is slowing out loan down.
A new (small) targeted member-loan campaign. Nathan and Marie are willing to help. Possibly get help from new marketing person.
Alcohol license: Board liability; insurance
Cost are $750 annual, liability insurance will go up $500 a year. There is an increased risk with serving alcohol. Motion to apply for liquor license. Approved 10-0.
Committee file on google drive has been updated.
Work with Maple City Market
We are pursuing a Board to Board meeting with Maple City Market. Susan will continue to plan.
New board terms settled. Will need to replace two board member this year (Heather resigned 12/2014, Quinn will resign 05/2015).
St Patty’s Day Parade
Tama will look into having a PPC float in the st patty’s day parade.
Next Meeting: Feb 19th, 2015 7:30