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Mad River Glen Cooperative

Board of Trustees Meeting

Minutes – Saturday, April 4th 2015

 

After due notice, a meeting of the Board of Trustees of the Mad River Glen Cooperative was convened at 4:30 pm on Saturday, April 4th, 2015 on the third floor of the Basebox at Mad River Glen Ski Area (“MRG”) in Fayston, Vermont.

 

 

 

Trustee

Attendance

Trustee

Attendance

Elkind (Chair)

Present

Holtan

Present

Tobin (Vice-Chair)

Present

Lesure

Present

Anderson (Secretary)

Present

Hourihan

Present

Stetson  (Treasurer)

Present

Palola

Present

Bowen

Present

 

 

 

 

Also present were President Wimble and 2 shareholders

 

4:30  PM            Call to Order

 

Chair Elkind welcomed the assembled and asked Trustee Stetson for his report..

 

Trustee Stetson stated the Finance Committee had met on April 2nd  to review share redemptions.

During that meeting the following motion was passed:

 

The finance committee recommends that the shares tendered during FY 2014 be redeemed promptly.

 

After a brief discussion a motion was made.

 

 

Motion

Made by

2nd by

Aye

Nay

Abstain

To follow the finance committee’s recommendation  to redeem shares tendered in fiscal year 2014.   

Trustee Anderson

Trustee Bowen

9

0

0

 

 

 

 

4:33 PM     Shareholder comments

 

Shareholder Meier asked the board to remember and respect the loyalty of early shareholders when the issue of share redemptions comes up next year.

 

4:34 PM

 

Motion

Made by

2nd by

Aye

Nay

Abstain

To adjourn

Trustee

Hourihan

Trustee Lesure

9

0

0

 

Respectfully submitted,

 

Jon Anderson

 

.

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