Minutes of the 1-11-2010 Board Meeting

Medford Food Co-op
Special Meeting of the Board of Directors
January 11, 2010

Call to Order: 6:14 P.M.

Present: Augustine Colebrook, Donna Kessler, Steven Kraft, John Miele, Jim Sims and Tommy
Larson. Absent: John Statler

Committee Reports:

Fundraising – Augustine C. reported that she has organized two fundraising socials for this week to promote the purchase of subscriptions. She reported that the expenses expected to mail out the remaining fundraising letters will be approximately $30 for postage, $49 for envelopes with return address, and $ for labels. She’ll use left over return envelopes and reprint the color letter on her home computer to save money.

Old Business:  The Board set the agenda for the Annual Meeting on January 13th::
1. Introduction of Board of Directors and Officers
2. Election of Directors
3. Vote on Bylaw amendment to change the method of owner’s meeting notices to email,
publication in a general circulation newspaper and posting in the Co-op store.
4. Discussion of authorizing dividends on owner shares
5. Discussion of location of a new site for the MFC
New Business:

A motion to apply for funding grants or seed loans from the Jefferson Grapevine and local banks for any and all Co-op purposes was passed unanimously.

The next regular Board meeting is Monday January 19th as usual.

Adjourned at 8:35 P.M.

Jim Sims
President