Board Meeting Notes 2025-08-05: Difference between revisions
From Pumping Station One
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=== New Business === | === New Business === | ||
* | *Lydia wants a new volunteer authorizer - board votes yes | ||
*Loaned tool agreement | |||
**The current agreement gives PS1 almost unlimited liability | |||
**James is going to ask the lawyers to write a better agreement | |||
**Books wants us to sign the existing agreement now for the plastic shredder | |||
**No one calls a vote to do that, so we do not vote on that | |||
**Nick motions to move on after a bunch of useless talking in circles | |||
*Wingate and James want to check the cameras to see what the cleaning lady does | |||
**We talk in circles a bunch more. Books and Ron have actually seen/spoken to her. | |||
*ID Checks | *ID Checks | ||
**David Perkins wants clarity on why we do them and how we can make them less invasive | **David Perkins wants clarity on why we do them and how we can make them less invasive | ||
**We talk in circles some more with a bunch of tangents | |||
**Lindsay will draft a wiki page documenting the ID check process, then James and Nick will help finalize it. | |||
**No real changes to the process are proposed, just clarification of existing policies. | |||
*Building Purchase - closing moved up to 12/1/25 from May '26 | |||
**Tony is apparently fine, but other family members are bickering (per james) | |||
**The question today is, can we afford to close with a $250k down payment on 12/1/25? | |||
***Wingate presents some numbers. | |||
****He projects that we will have $336k on 12/1/25 cash on hand. | |||
****We may or may not have a $100k LOC available through Chase. James will call Chase tomorrow to confirm. | |||
****We should probably ask volunteers to not spend too much cash | |||
***Insurance is an issue. James, Nick, and Jennie will meet on it later. | |||
***Lawyer had originally said 60 days after contract, James talked to lawyer and now it is 12/1 - it's unclear what is happening on the seller side. | |||
***Uwe wants to confirm that we will be released from the lease and get our security deposit back on the new closing date | |||
***The board proceeds to talk in circles some more with a bunch of hypotheticals | |||
***There is general consensus that if we confirm the existence of the $100k LOC, we are comfortable voting to close with current terms on 12/1/25. | |||
=== Old Business === | === Old Business === | ||
== Votes == | == Votes == | ||
*BoD grants WILD status to John Kennedy as an authorizer for Arts | *BoD grants WILD status to John Kennedy as an authorizer for Arts | ||
**Vote passes | |||
*BoD votes to check the cameras to see what the cleaning process is | |||
**Vote passes | |||
[[Category:Board_Meetings]] | [[Category:Board_Meetings]] | ||
[[Category:2025 Board Meetings]] | [[Category:2025 Board Meetings]] | ||
