July 14, 2009 Board minutes

DCM Board Meeting
Tuesday, July 14, 2009
538 Foster St, Durham, NC 27701

 
Call to Order: 6:45pm
Present: Aubrey, Beth, Danny, Don, Michael, Pam, Robin, Stephen
 
1. July 7, 2009 minutes approved
 
2. Shares sold 481.
 
3.  Update on PIFC/DFC (Stephen and Pam)
 The PIFC/DFC annual meeting is set for Sunday 4pm.  Those attending: Beth, Michael, Pam, Robin.
 
4. Sprout Loan (Stephen)
 Decision: DCM is authorized to enter into an agreement with Food Co-op 500.
  
5. Officers  
Decision: Aubrey will become Treasurer and chair of the Finance committee; Stephen will become Vice President and co-chair of the Capital Campaign.
 
6. Capital Campaign
 
Next time: Patronage dividend vs Discount; Business shares?
 
8:20pm  Meeting Adjourned