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R <br />ELK RIVER YOUTH ASSOCIATION BOARD MEETING <br />DATE: FEBRUARY 27, 1995 <br />II. ERYHA GENERAL BOARD MEETING <br />PRESENT: Don Crook, Kent Madsen, Dale Martin, Lois Droogsma, Fonda Whalen, Dave <br />Taus, Rich Czech, Mark Morris, Randy Gunderson, Ron Nathe and Linda Gunderson. <br />There were two non-board members present. <br />CALL TO ORDER <br />The Meeting was called to order by Don Crook at 7:15 p.m. <br />REVIEW OF MINUTES <br />Minutes from the January 16th meeting were read. Mark Morris made a motion to <br />approve the minutes as written. This was seconded by Linda Gunderson and <br />approved unanimously. <br />TREASURER'S REPORT - Dale Martin <br />The Treasurer Income/Expense Report for January, 1995 was reviewed by Dale <br />Martin. (Report is attached) <br />Dale informed the board that he has taken out 2 CDs ($20,000 each) earning 2.1~ <br />interest and put this money in a 60 day CD and a 91 day CD. ($20,000 each) <br />Dale Martin made the following motion: The Elk River Youth Hockey Association <br />will donate to the city of Elk River for the arena project total cash available .._ <br />,~~ immediately of $75,000 and an additional $25,000 pledge backed by the gambling <br />fund. This motion was seconded by Mark Morris and passed unanimously- by the <br />board. <br />Dale Martin made a motion to set up a savings account for the arena pledges at <br />the First National Bank of Elk River. This was seconded by Dave Taus and passed <br />unanimously. <br />Dale Martin made a motion that Mark Morris be approved as a second signature for <br />the checking and savings account. This was seconded by Dave Taus and passed <br />unanimously. <br />Dale reported that the commitment of hours is needed by the banks handling the <br />arena loan. The report is attached and will be given to the banks. <br />Dale Martin made a motion that ERYHA be committed to 1, 055 hours as a minimum for <br />the 1995-1996 season with a possible 100 additional hours if teams are added with <br />increase of percentage over the following years. Dave Taus seconded this motion <br />and it passed unanimously. <br />Annual Board Meeting: The primary date is April 11th and the secondary date is <br />April 4th. Names for approval on ballot must be submitted for the board meeting <br />scheduled in March. <br />Dale Martin made a motion to purchase a new computer, printer and software not <br />to exceed $3500. Rfter discussion this was seconded by Mark Morris and passed <br />unanimously. <br />STAFF REPORTS <br />REGISTRATION - Mark Morris <br />Money from the last statements has to be gone through yet. Mark reported that <br />