September 13, 2012
Claudia McClintock, Michael Piontkowski, Boyd Franklin, Cliff Sprinkle, Tedi Gillespie, Mickey Krakowski, Travis Reed Minutes by: Jason Smith
Beginning at 6 pm, Tedi gave the ED and Staff Reports.
1. The meeting was called to order at 6:37 pm.
2. Approval of Board Minutes
The minutes of the August 9, 2012 regular Board of Directors meeting were approved.
3. Budget to Actual Review
Tedi let us know about the situation with the rental unit at 1312 Ute. The rent is not being paid and the eviction process has been started. It was noted that there was concern for the renters as they have been in the house since 2003 and that they left their belongings in the house.
The Board and ED discussed the Budget to Actual report and had some questions about the negative net income for the January to August period. Tedi noted that the report had an error and needed to be revised by Scott.
4. SWOT threat #1: External Debt Discussion
The Board discussed the need to fund raise for the station. We talked about seeking out underwriters individually and bringing interested parties contact information to the ED and Staff for completing underwriting contracts.
Some Board members asked for an underwriters workshop after the fund drive to better help them understand what was needed in seeking out underwriters.
Board members mentioned the need for developing verticals and listener demographics to for use in approaching potential underwriters.
5. Western Colorado Community Radio Collaboration Effort
The ED relayed information about a collaborative effort of staffs and board members from six Western Colorado radio stations to provide a “more vibrant, meaningful public media service in Colorado by working together in the areas of Development, Operations, Program and/or Administration.” After staff and board discussion of the benefits of this endeavor a motion was put forth and passed that read: “We the Board of KAFM Community Radio, support this concept and hereby direct our staff to continue to explore specific collaborative programs, available resources at our disposal as well as possible structures or agreements that may be necessary to move forward with the Western Colorado Community Radio Collaboration Effort”.
6. Committee Updates
a. Executive Monitoring
Cliff set the next ED monitoring meeting for Thursday, September 20.
b. Real Estate
Cliff discussed the memorandum of understanding that was worked out with the Arguello's concerning the second mortgage they hold for the Ute Avenue properties. The agreement extends the current mortgage arrangement until the end of 2012. Beginning in January of 2013, we have agreed to a 30 year amortization at 7 % interest with a balloon payment at 10 years. This works out to an additional $1677 a month in expenses.
c. Capitol Improvements
Jason discussed the construction of a wall and installation of a new door and vents for the server area. This will allow for greater security and cooling for the computer equipment.
This information was covered in the Real Estate discussion.
Boyd discussed the need for a new production room computer.
Mickey talked about his experience with the CAB meeting. He said that one guest at the meeting, Chris Brown, commented that he thought listeners did not listen to a thirty minute community affairs show that shorter segments would better to bring in more listeners. He also mentioned that that it was hard to find the individual community affairs shows on the schedule.
Tedi reminded the board that the CAB is supposed to be made up of the community at large discussing the sound and content of our programming.
7. Other Business
Mickey brought up that the ED and Staff should be focused on the business of Radio and not on management of the rental properties. Mickey discussed options for property management and was also added to the Real Estate Committee.
A motion was introduced and passed that reads “the Real Estate Committee will look to define the value of the rental properties and explore options expeditiously.”
8. Meeting was adjourned at 8:35 pm.