Board of Directors

Regular Meeting -- November 2, 2014

The Board of Directors held its regular monthly meeting at 2007 Bert Avenue, Austin, TX 78704, starting at 2:43 pm. The following directors (constituting a quorum of the full board) were present at the meeting: President Kathy Lee, Vice President Tamara Vogt, Secretary Pam Chambers and Treasurer Penny Chambers. The following director was absent: Lesleigh Ellinger. Robert McGarey (Executive Director) was also present at the meeting.

Reading of Mission Statement and Approval of Minutes

The Mission Statement was read aloud at the beginning of the meeting. Minutes from the previous meeting were read aloud and approved as read.

Executive Director's Report

Mortgage. Bob asked the board members to formally approve refinancing the mortgage. So Pam moved, Kathy seconded, and it was unanimously

RESOLVED, that the board approves any and all policies and documents that are necessary for implementing a refinance of our mortgage with Frost Bank.

The board then started examining the best ways to utilize the additional funding we will receive from refinancing. Discussion included how to keep the back yard mowed so it doesn't grow over, purchasing a riding lawn mower, painting the campus buildings, and numerous other possible uses of the additional funds. The board voted to use the money only for three purposes: Ways to Increase Income, Ways to Decrease Expenses, and Essential Expenses.

Building Community Book. The board discussed the first third of the "Empowerment on an Unstable Planet" book, with an eye towards how to apply its concepts to build greater community here. We will cover the other sections of the book in future board meetings.

Since there was no further business, the meeting adjourned at 4:30 pm. Minutes submitted by Pam Chambers, Secretary, November 2, 2014