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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

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