COMMUNITY FOOD CO-OP
BOARD OF DIRECTORS (BoD) MEETING
16 NOVEMBER 2017 AT CO-OP CLUBHOUSE
MINUTES
PRESENT: B. BUCHANAN, A. DAWOOD, K. COYLE, J. MADDEN (BOARD FACILITATOR), J. MADGIC, C. HILDRETH, S. SEBREN (CURRENT BOARD ASSISTANT), L. PETERMANN, S. QUARLES, K. THOMAS, K. WISEMAN (GENERAL MANAGER)
EXCUSED: C. SHANKS
GUESTS: W. NELSON (STAFF), STEFAN JOHNSON
I. MEMBER FORUM
Attended by Stefan Johnson
II. UPDATE ON MONTANA PORK COMPANY (MPC) FROM WYATT NELSON
Board approved empowering the management team to move forward in the creation of Montana Pork Company to sell sausage to outside vendors.
III. CHECK-INS
Proposed meeting agenda and draft of October minutes were approved as revised. Calendar and action items were reviewed.
IV. CONSENT AGENDA
None
V. COMMITTEE ITEMS THAT REQUIRE BOARD ACTION
- Approved adding Hanah McCarthy, Assistant Controller, as a signer on bank docs
- Farm to Food Bank program will be phased out rather than stop at year’s end
Nominations & Process (NAP):
Decided to explore the feasibility of in-store paperless voting during the coming year and implement sometime after Expansion Project is finished
VI. EXPANSION PROJECT COMMUNICATION & UPDATES Member loan drive began and has raised $800K in10 days
VII. FINANCE
- Board approved a staff profitability bonus for Q3 (July-September). Staff member Lori Petermann recused herself from vote
- Approved Member Dividend for fiscal year 2016-17
- Accepted First Interstate Bank’s terms for financing the Expansion Project
VIII. GENERAL MANAGER REPORT
Strong growth in lots of areas in the store. Kelly has been conducting staff meetings about the Expansion Project. Member meeting is scheduled for December 5 at the Bozeman Public Library and announcements will be posted.
IX. MISCELLANEOUS
None
X. REVIEW OF ACTION ITEMS
XI. Adjourned at 8:04pm
XII. EXECUTIVE SESSION
Facilitator review
XIII. Adjourned at 8:17pm
PRESENT: B. BUCHANAN, A. DAWOOD, K. COYLE, J. MADGIC, C. HILDRETH, L. PETERMANN, S. QUARLES, K. THOMAS
Next meeting January 18, 2018