Special Member Meeting 2010 05 25

Note: This page serves as the 2010-05-25 Special Member Meeting's agenda (before the meeting) and minutes (after the meeting).

Time and Location

May 25, 2010 Meeting called to order at 7:08pm by el Presidente

Members Present: Jason, Daniel P, Todd F, Martin, Brian H, Elliot, Eric, Arc, Dan T, Alan M, Brad B, Katie, Darian, Andy, Jamie, Dave, Ben S, Dan B, Tommy

Others:

Quorum yes! we rock!

New Business

• Current cash (after one time expenses): $7000 - 8000
• Current cash in bank: $7000 - 7500
• Total one time expenses $1750
• Owed by insurance: $400
• Current paypal balance: $1300
• Current monthly income: $1800 + store/soda ~ $1850/mo
• Current annual income: $22,200

• Monthly expenses besides rent: $85 insurance

CURRENT OFFICE:

• Current rent: $964 + 2% increase + $300 basement
• Current rent: $964 * 1.02 = $983.28 + $300 = $1283.28
• Cost for one year: $1283.28 * 12 = $15,399.36

NEW OFFICE:

• New rent (would be): $2000 for six months from Jun 1, $2475 thereafter, including internet and basement.
• Cost for six months: $12,000
• Cost for one year: $12,000 + $14,850 = $26,850

Rent Shortfall Fund: $200 mo shortfall for six months $675 shortfall for six months $1200 + 6 * $675 = $4,050 + $1,200 = $5,250

Alan made motion: Motion to sign the lease for the larger office and set aside a rent shortfall fund to cover rent shortfall for the duration of the lease.

Arc seconded motion.

Secret ballot given... Dan B takes a tally...

17 for, 1 abstain, 1 against

Andy motioned to take pledges to establish a moving fund (use to be decided) of $50 or $100 contributions.

• Dan B. $100
• Dan P. $100
• Andy $100
• Brian USRP funds
• Dan T. $100
• Jamie $50
• Alan $100
• Darian $100
• Brad $100
• Ben $100
• Katie $50
• Michael B-C $50 (not a member just an awesome guy)
• Eric $50

Motion to set aside above pledges for moving expenses immediately. Seconded by Dan B.

Motion passed. Dave and Eric were against.

Now a meeting about organizing.

Adjournment

Meeting adjourned at 8:53PM.