Minutes:20090711

From EcoReality

Saturday, 11 Jul 2009, Members' Ad Hoc Meeting

Present: Jan Steinman, Carol Wagner, Justin Roller, Osha Roller, Susie Anne Bartsch, Shannon Cowan, Dennis Lucarelli, James Cowan, Rudy Siegers

• facilitator - Shannon Cowan,
• recorder - Carol Wagner
• Meeting called to order: 16:05 pm
• Circle Check-in
• Agenda approved.
• 28 Jun minutes NOT approved
  • Clarification of the proposal to change the bylaws. To name directors to make major decisions.
    • Concerns/issues:
      • Justin concerned about # 21, 23 & 25 in the co-op rules
      • Founders syndrome (currently the founders would be the only ones able to fill these roles if adopted.
      • It was offered that ample notice would be given to all members of decisions/issues on the Directors Agreement Scope.
  • Discussion regarding Mark & Penny's request for return of Class A shares & Member Share
    • We need to set a deadline for all of their delinquent hours to be turned in. Agreed: 7 days from this meeting date or as late as the 24 July if really needed.
    • We will deduct monies that are in arrears from their shares and will be mutually agreed upon by all parties.
    • When to pay back. Jan Slakov has request a return of her investment of $11,000. Jan suggested that Mark & Penny be reimbursed after Jan Slakov and that no monies be redeemed until after the balloon payment is met and others have invested in EcoReality.
    • Dennis observed that the requests are that they would like monies back sooner rather than later.
    • Justin thinks that $10,000 should be paid back and that it will not impact the balloon payment.
  • Time ran out and we decided to leave the discussion there.
• 17:10 Adjourned

Carol Wagner 20:44, 13 July 2009