Board of Directors Meeting
meeting minutes

William G Mellon, III Secretary
Wednesday January 7, 2009

The following minutes have been accepted and approved by the Board of Directors of Phoenix Earth Food Cooperative at their meeting on

Minutes for Co-op board of Directors meeting on December 18, 2008 at the Sanger Branch Library

Attending:

Abby Youngs, General Manager

Yvonne Goodwin, President

Lisa Blake, Treasurer

William Mellon, Secretary

Halasz Sandor

Karl Richarson

John Klear

Absent:

William Watkins, Vice President

Tammy Brandner

Nancy Pickens

Meeting Minutes:

1. Manager’s Report

a. NCGA Steering Committee meeting with Co-op

i. Loan repayment agreement changed from $4200 per month for 6 months, to $2100 per month for 12 months.

ii. Have until January 8, 2009 to increase store sales…

iii. Abby informed the board of the committees suggestion of increased board involvement with the Co-op.

iv. Abby requested from the NCGA to change the Co-op’s membership dues to $0…

b. Abby Youngs is scheduled to attend the New Orleans NCGA Conference on January 28^th through the 31^st.

c. Abby announced the creation of product order sheets to track product movement, sales and ordering, more efficiently.

2. Monitoring

a. Financial Discussion (Lisa and Abby)

i. Lisa Blake presented a Brief Treasurer’s report to the board.

ii. [details to be added]

3. Board Disscussion

a. Switching to Equity System

i. Yvonne motioned to approved changing the Co-op to equity ownership; Karl Richardson seconded;

ii. Equity ownership unanimously approved by the board.

4. Meeting adjourned at 8:45 pm.

5. Next meeting to be held on January 8, 2009.

[store info here]