Board of Trustees Meeting; April 6, 2008
Board of Trustees
Meeting
Minutes – Sunday, April
6th, 2008
Draft
After due notice, a meeting of the Board of Trustees of the
Mad River Glen Cooperative was convened at 9:00 a.m. on Sunday, April 6th, 2008
in the Basebox at Mad River Glen Ski Area (“MRG”) in Fayston, Vermont.
Trustees Jay Appleton, Paul Finnerty, Geordie Hall, Eric Schoenholz, Bill Reynolds, Jed Kalkstein, Lars
Bruns, Betsy Jondro, and Liz Godwin were present. Also present were President Jamey Wimble and
approximately five shareholders.
CALL TO ORDER:
Jay Appleton, chair, called the meeting to order at 9:02 a.m.
CONGRATULATIONS TO NEW TRUSTEES (Trustee Appleton):
Chair Appleton opened the
meeting by congratulating the elected Trustees:
Betsy Jondro (In-State)
Geordie Hall
(In-State)
Liz Godwin (Out-of-State)
NEW CHAIR NAMING RAFFLE TICKET WINNER SELECTED
(Trustee Appleton):
Chair Appleton then randomly
picked a name from the collection of raffle tickets to select a winner to name
a new chair. Congratulations to Laurie
Neill who will be contacted by the office.
ELECTION OF OFFICERS (Trustees Appleton and Reynolds):
Chair Appleton then opened a
discussion regarding Board officer elections and the Board then proceeded to
elect new officers as follows.
For Chair: Trustee Appleton
nominated Trustee Reynolds for Board Chair, which was seconded by Trustee
Kalkstein. There was no discussion, and
the Board then voted Trustee Reynolds as Board Chair by a unanimous vote, 9-0.
For Vice-Chair: Trustee
Reynolds nominated Trustee Bruns for Vice-Chair, which was seconded by Trustee
Hall. There was no discussion, and the
Board then voted Trustee Bruns as Board Vice-Chair by a unanimous vote, 9-0.
For Treasurer: Trustee
Reynolds nominated Trustee Schoenholz for Treasurer, which was seconded by
Trustee Godwin. There was no discussion,
and the Board then voted Trustee Schoenholz as Board Treasurer by a unanimous
vote, 9-0.
For Secretary: Trustee Kalkstein nominated Trustee Godwin
for Secretary, which was seconded by Trustee Bruns. There was no discussion, and the Board then
voted Trustee Godwin as Board Secretary by a unanimous vote, 9-0.
NEW BUSINESS (Trustee Reynolds):
Chair Reynolds then
led the Board through a brief discussion of a potential capital expenditure. President Wimble is pursuing a cost-saving
opportunity associated with a mountain vehicle expense that needed Board
discussion/authorization. Following
discussion, Trustee Kalkstein motioned to authorize President Wimble to spend
up to $35k for the previously discussed mountain vehicle expense. The motion was then seconded by Trustee
Hall. The motion was approved after a
unanimous vote in favor of the authorization, 9-0.
SHAREHOLDER COMMENTARY (Trustee Reynolds):
Shareholder Lu
Putnam opened the shareholder commentary asking about the tower donor plaques
and the placement of these plaques on the towers. She believed that should the Board consider moving
one plaque, all should be allowed to be moved if desired. Ms. Putnam also stated that some of the purchasers
of old chairs were upset about not being recognized on the all-donor plaque. She also commented on the loss of some mountain’s
tradition regarding the timing of the family race in the annual schedule, the
running/management of the no-stop-no-fall contest, and the loss of the club
races since “these were good traditions back in the day.”
Shareholder Bob
Rodgers seconded Ms. Putnam’s concerns about the plaque placement/location.
Shareholder Penny Parson
echoed Ms. Putnam’s and Mr. Rodgers’ comments regarding donor plaque
placement/location. She believed that
the donor recognition policy guidelines attached to the Memorandum of
Understanding with Stark Mountain Foundation/Preservation Trust of Vermont was an
earlier version of the policy, which did not contain specific language about
tower plaque placement. She believes
that she may have inadvertently misguided some of the donors and apologized for
this.
NEXT MEETING:
Upon review of the calendar, it was determined that the next
meeting of the Board will be on Saturday, June 7th at 8am on the
third floor of the Basebox at MRG in Fayston, Vermont.
ADJOURNMENT:
Trustee Hall made a motion to adjourn the meeting, seconded
by Trustee Appleton. The meeting was
adjourned at 9:48am.
Respectfully submitted, a true record.
Attest:
_________________________________
Liz Godwin, Secretary
