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Pequot Lakes Community Library Board Meeting <br />Location: Little Pine Plaza <br />Tuesday, June 16, 2009 <br />`,,,hairperson John Longnecker called the meeting to order. <br />Board members present: David Anderson, Nancy Adams, John Longnecker, Claire Nagel, Sam Hennes, Lydia <br />Loven and Tina Hanneken. Visitors present: Harry Olson <br />A motion was made to approve the May 19, 2009 minutes. Lydia Loven made a motion and Claire Nagel <br />seconded that motion. Motion carried. <br />A motion was made to approve the May 22, 2009 (special meeting) minutes. Lydia Loven made a motion and <br />Claire Nagel seconded that motion. Motion carried. <br />Treasurer's Report by David Anderson: <br />As of 6/8/09 Total: $128,411.54 <br />Checking Account: $6,348.30 Endowment Fund: $70,224.30 <br />Rainy Day Fund: $10,524.48 Building and Expansion: $41,314.46 <br />Additional information will be gathered about the Little Pine Plaza's utilities usage, water, and any other past <br />information that will help us with future budgeting needs. <br />Claire Nagel made a motion to approve the Treasurer's report. Sam Hennes seconded the motion. Motion <br />carried. <br />Committee Reports: <br />Volunteer Coordinator —Nancy Adams <br />- Attendance is amazing! It is higher than last year at this time. <br />- Sentence to Serve crew have been helping with moving. They may also be asked to help with painting. <br />- Additional table are needed for the book sale. Tina is finding more. <br />NOTE: St. Alice has agreed to let us use some of their tables. <br />Old Business - <br />-Shelf for outside of door is in place fore when the library is closed. <br />- "Conversation With..." <br />- approximately 15 people in attendance <br />-Next is July 14a' at 11 AM <br />- 501(c)(3)- continuing the process <br />-New name: Friends of the Pequot Lakes Community Library, Inc. <br />-Board of Directors: Nancy Adams, David Anderson, John Longnecker <br />-Nancy Cross — Brainerd Community Action — graciously continues to help us through this process. <br />- donations will continue to be tax deductible <br />New Business <br />-Little Pine Plaza- Discussion on the current amount pledged to the library <br />- $41,300 — building fund <br />420,000 — matching $10,000 grant <br />- $50,000 — Family Foundation at 3% interest for five years <br />- $25,000 —loan from a family <br />- $25,000 —loan from a family <br />- $1,000 — donations <br />k motion was made to use necessary Endowment Funds as collateral for the Larsen Foundation loan. Claire <br />�'* –Nagel made the motion. Lydia Loven seconded the motion. Motion carried. <br />