Minutes of the 2-01-2010 Board Meeting

Medford Food Co-op
Meeting of the Board of Directors
225 W. Main St., Medford
Feb. 1, 2010

Call to Order: 6:19 P.M.

Present: Donna Kessler, John Miele, Jim Sims and Tommy
Larson, Absent: Augustine Colebrook and Claire Haflich. Also present was owner/member Gary Bowles. Steven Kraft submitted his letter of resignation from the Board of Directors

Minutes of the meeting of January 18, 2010 were read and approved.

Old Business:

Jim S. Reported that the Department of Revenue advised him that because we do have employees and no income from sales that no reporting of revenue is required.
Tommy Larson was unanimously elected Secretary of the Board of Directors .
Gary Bowles and Augustine C have not yet received updated owner’s addresses email and phone numbers from John Statler.

New Business:

In accordance with the vote of the owners at the Annual Mee4ting on January 13th the Board authorized the issuance of shares as fully transferable and eligible for dividends on net profits as authorized by Oregon Law. Approved 3-1. Jim S. dissented.
Jim S. reported that there is a local Food conference sponsored by Ashland Food Co-op, Thrive and Jaclac February 19, 6 PM at No. Medford High. We have been requested to put up a booth. Augustine C. has agreed to manage organizing the booth.
The Board went in executive session at 7:40 PM to address lease negotiation terms.

Adjourned 8:08 PM

Jim Sims
President