Board of Trustees Minutes – April 6, 2014

Mad River Glen Cooperative

Board of Trustees Meeting

Minutes – Sunday, April 6th, 2014

A meeting of the Board of Trustees of the Mad River Glen Cooperative was convened at 9:00 am on Sunday April 6th 2014 in General Starks Pub in the Basebox at Mad River Glen Ski Area (“MRG”) in Fayston, Vermont.

Also present were President Wimble, Trustee elect John Tobin and 1 shareholder.

9:03 am

Chair Elkind called the meeting to order and welcomed John Tobin to the board. The results of the Trustee election of April 5th, 2014 are as follows.

Voting totals shown below.

In State:

Jon Anderson 534

Russ Bowen 515

Out of State:

John Tobin 323

Meg Hourihan 249

Candidates Anderson, Bowen and Tobin were elected to 3 year terms.

9:05 am

The Board reviewed their Annual calendar of activities and meetings for May 2014 through June 2015.

The board spent the next hour discussing various topics, some of which had been brought up the prior night at the annual meeting. These included the timeline the Fund Raising committee has been working on, how and where to spend the money raised by the campaign, how to allocate funds to the various projects we will need to undertake, the need to work closely with the Stark Mountain Foundation and further discussion about snowmaking.

The board discussed getting a proposal from shareholder Stein regarding the “Unconventional snowmaking system” as well as possible costs involved in a study on water sources and storage.

No actions were taken during the meeting and it adjourned at 10:07am.