Louviers Mutual Service Company Meeting Summary (Unapproved)

Meeting Date: Thursday, September 22nd, 2005

Time: 6:00-8:00 PM

Location: Village Club – Pool Room

Attendees from LMSC Board: Diana Miller, Mike Hammer, Michael Smith, Pete Holub

Attendees from the Membership: 30 Members

Meeting Summary:

Pete started the meeting with a review of the LMSC meeting rules. He then provided a summary of the LMSC accomplishments in 2005 (attached).

Diana Miller provided an overview of the Wastewater Treatment project and the reason and need for the RUS Loan Resolution Security Agreement.

The floor was then opened for Member input and questions. At the completion of the Member input period, the vote was taken using pre-printed voting slips.

Result:

1. OK to the Loan Resolution Security Agreement authorizing the LMSC Board to take action as necessary to obtain funding for our Wastewater Treatment Project through Rural Development. There were 17 votes by proxy. 4 Members had own more than one property voted based on the number of properties.

YES: 50           NO: 6              INVALID: 4

Nominations were then taken for the LMSC Board Member election. Pete Holub first noted that current Board Members Kent Sarff and Mark Edson were not going to run for the Board this year. Pete opened nominations to the Board and current Board Members Diana Miller, Michael Smith, Pete Holub, and Mike Hammer self-nominated. Nominations then moved to the floor. Jason Ingenthron, Julie Sarff, and Tim Lone self-nominated. Pete Holub nominated Chris Dearborn, who was not present, based on previous discussion with Chris. Nominations were then closed, voting slips printed and distributed, and the vote was taken.

Result:

Diana Miller, Michael Smith, Mike Hammer, Pete Holub, Jason Ingenthron, Chris Dearborn, and Tim Lone were elected. 

The meeting was adjourned.