Board of Trustees Meeting Minutes January 27, 2002

MAD RIVER GLEN COOPERATIVE
BOARD OF TRUSTEES

MINUTES OF MEETING
JANUARY 27, 2002

After due notice, the Mad River board of Trustees convened at 8:00 a.m. on January 27^th 2001 at the headquarters of Northern Power in Fayston, VT. Board members Bleier, Coleman, Eaton, Michl, Putnam, Russell, Schultz, and Steins were present throughout. Board member Kirkpatrick arrived shortly after the meeting began. The president presided for the first part of the meeting. The secretary, Mr. Bleier, kept the minutes. Coop owners Bill Heinzerling, Christian Jaquith, and Heidi Schmidt were also in attendance. The strategic planning session was presided over by (coop owner) Patricia Floyd.

The meeting was called to order at 8:05 AM.

Executive Committee Report

The president, Mr. Russell reported that the executive committee had met via telephone on 1/23/02 to discuss a sudden reduction in the amount of general liability insurance coverage. The Executive committee authorized the general manager to run the mountain with a reduced coverage of 2 million dollars general liability coverage while the GM researched his insurance options. The board consented to this action.

Mr. Bleier stated that although he had no objection to the end result, he objected to the special committee taking action on the recent letter sent to the owners concerning the release of the coop owners list without first reporting to the Board, as is now the established policy. Mr. Schultz supported Mr. Bleier’s remarks noting that the Board was striving to be consistent in its operations.

At approximately 8:15, Ms. Floyd took over the chair and began the strategic planning session. Her notes are attached to these minutes.

Ms. Floyd finished up the session at approximately 11:40.

After a brief discussion, Mr. Eaton made and Ms. Steins seconded the

The motion passed by a 7-2 vote with Mr.Bleier and Mr.Schultz being the minority votes cast.

The meeting adjourned at 11:45 am.

A true record.

ATTEST: ____________________________

Robin “Rocky” Bleier, Secretary