February 21, 2013
Present: Minutes by: Present: Barry Barak, Claudia McClintock, Michael Piontkowski, Boyd Franklin, Cliff Sprinkle, Mickey Krakowski, Tedi Gillespie Minutes by: Jason Smith
1. The meeting was called to order at 6:34 pm.
2. Minutes for the January 10, 2013 regular BOD meeting were approved.
3. 2013 Budget Approval.
The board and ED discussed the budget assumptions and various line items as presented in the 2013 Budget. After all questions had been answered the board voted unanimously to approve the 2013 Budget as presented.
4. Arguello MOU Approval.
The Memorandum of Understanding (MOU) between Grand Valley Public Radio and Leroy and Patsy Arguello was discussed by the board and ED. The board determined that the MOU needed a statement that ensured that there would be no penalty for early repayment of the Arguello loan and a signature line for the Arguellos. With the changes the board approved signing the MOU by the board president.
a) Real Estate.
Barry talked about the objective of the Real Estate committee for 2013 being to seek out loan consolidation. The Real Estate committee will approach Alpine Bank concerning consolidation of the loans and interest rate reduction.
This new committee with be chaired by Barry Barak, with Boyd Franklin and Mickey Krakowski as members. New members from the board and from outside will be added as needs are identified. The goal of the fundraising committee will be to raise funds from an array of sources to pay off the line of credit debt.
6. Board Development & Recruitment.
The board discussed the Board Member Agreement and what the expectations are for board members in regard to fundraising. Board members suggested that we explore formation of committees made up of KAFM members with specialized expertise to assist with fundraising activities and other business.
It was recommended that the board also explore adding detail to the board member agreement to better define the expectations of board members.
7. Other Business.
a) ED Monitoring.
Cliff presented the ED Monitoring that was completed for 3Q and 4Q 2012.
b) Bicycle Poker Run.
Mickey presented information about discussions he has had with persons in the community concerning a bicycle poker run that would benefit KAFM. Mickey will pull together a committee to organize the ride.
8. Meeting was adjourned at 8:25 pm.