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Board Meeting Notes 2021-02-02 (view source)
Revision as of 23:09, 16 February 2021
, 23:09, 16 February 2021no edit summary
The board discussed Ed Bennett's vote to extend the current lease.
The board discussed Ed Bennett's vote to extend the current lease. Ed's vote was as follows:
"Our Lease expires May 31st, but renewal is not automatic. We have the
option to renew for another 5 years, but in order to do so, we must send
the landlord, by registered mail, a written "notice of election to
renew", at least 90 days prior to the end of the lease. This is around
March 1st. A link to our current lease is included in the vote proposal.
According to our Bylaws, large contracts must be approved by the Membership.
This vote authorizes the Board and the President to commit PS1 to another 5
years in our current location, and to communicate our intention to the
landlord."
The board had the following thoughts on the matter:
Reading the Article 6, section 7 of the bylaws: "Novel agreements which include a clause placing significant risk on the Organization such as fines for breach of contract or claims to property as recourse, for example, must first be authorized by a vote of the Members."
Reading the Article 6, section 7 of the bylaws: "Novel agreements which include a clause placing significant risk on the Organization such as fines for breach of contract or claims to property as recourse, for example, must first be authorized by a vote of the Members."
