Board present: Tracy Erfling, Tom Duncan, Mary Blake, Ute Swerdloff.
Staff present: Matt Stanley
Guests: Judy Richmond and friend Wanda
Public comment: None

The board accepts the resignation of Leon Jackson and Peggy Bondurant. The vacated spot of treasurer is taken over by Mary Blake and Ute Swerdloff is the new secretary.

MANAGER'S REPORT

Sales continue to be strong in September. We will probably do around $67,000 for the 30 day month. August saw sales of almost $75,000. It seems the summer rush is over to an extent. Daily store traffic is down from approximately 150 per day to 140 per day average. Basket count is up however. I think regulars are happy about the presentation of the store and are excited to be hearing news of the move.

Taxes for 2007, state and federal, have been filed. WWC services have been an incredible asset. We are declaring the sale of 1355 Exchange a patronage income so as not to pay taxes on that income. Leon and Mike Wallis suggested this was worth a shot to save us around $4,000 in taxes.

Staff reviews are underway.

Tony Giglio is a new employee.

Vincent Reynolds has reduced his working hours to 8/week and wants to become an independent contractor for the Coop.

Areas Requiring Review and Decision-Making:

• Lease Review – Have latest draft from Caruana that includes changes and amendments suggested by myself, Leon, Richard, and Robert. Attorney review. See section 3.
• RCI down payment has been made (26K). Work slated to begin third week of October. Caruana will do plumbing and hand us the invoices. Same for a generator if necessary. Electrical load checks out.
• Raising more money. Shall we accept more loans?
• Floor plan review
• Move timeline
• Shelving (new vs. used)/ bulk display
• Wish List: filtration sink, etc.

NEW BUILDING

Barefoot Bill will build checkout counter, produce rack and soup and coffee counter. He has very affordable rates.

The Lease is still a work in progress. Matt has revised some sections but wants board members to review it before it is signed.

A real estate lawyer (L. Popkin) is being hired to look over the lease.

A list of former board members was compiled so that they can be contacted by Pam Tillson for volunteer efforts regarding the move into the new buidling.

The basement of the currently rented space needs to be cleaned. The clean-up day is set for Saturday, November 1, 2008 from 8am-12 pm. Volunteers get a free lunch and and a tour of the new space.

NEXT MEETING

Board will hold a special meeting dealing with the Mission Statement on October 6 at 6 pm.

EVALUATION OF GENERAL MANAGER

The board evaluated the performance of the GM as a group. Tracy recorded specific comments.

Meeting was adjourned 7:58 pm.

Ute Swerdloff