All motions were approved.
Here is the tally:Question #1
Motion to adopt the Board recommended revised bylaws
|Vote In Favor - adopt revised bylaws||287|
|Abstain (default if nothing selected)||12|
Motion to approve Fall 2019 minutes
|Vote In Favor - approve minutes||266|
|Abstain (default if nothing selected)||36|
Motion to approve Spring 2020 minutes
|Vote In Favor - approve minutes||263|
|Abstain (default if nothing selected)||35|
Motion to adopt the Board recommended increase to our equity share price
|Vote In Favor - increase equity share price||250|
|Abstain (default if nothing selected)||11|
Our updated bylaws can be found here.
Here is an FAQ document on why the owner share price was changed from $200 to $300.
Later today, Friday, October 2nd, we will be sending out information about how existing owners can add their $100 in additional equity to bring their share up to $300 and how new members can join for $300. We will offer an abundance of options including extended installment plans (and a grace period for existing member-owners those that need time to begin making installments toward that additional $100). Those who are member-owners through our Community Equity Fund will see no change. Again, stay tuned for more information. Thank you everyone for your support!
Chad Hooper, Board President
Lori Burge, General Manager