Welcome! 6:30 pm: Mingle ● ● ●
Fill out your survey card for a chance to win a Cabot Creamery Cooperative basket! Check out the Store Design Input Corner If you’re not a member, find someone in a KCFC t-shirt so you can join
7 pm: Meeting called to order. Agenda: ● ● ● ● ●
Housekeeping 2015 Board Election Info Money Committed to Date The Gap and How We Fill it Take Aways (BE BRAVE)
Before we get started... From Amy Poehler’s Smart Girls:
"Pushing aside our fear of embarrassment makes it a little easier for other people to do the same. Being bold makes other people feel brave. And, before you know it, that fear of embarrassment gets a little smaller and the hunger for an interesting, smart, happy, blissful life takes over not just you, but also the people you encounter."
Housekeeping Survey/Sign in cards Raffle stuff/Thank yous/T-shirts Store Design Corner Annual Report
2015 Board Elections -Nominations are open, due 5/22 -5 open seats -How to nominate: nominees must be 18 years old, a member in good standing and have attended a membership meeting. Email
[email protected] -Voting will open via Helios and paper ballot 6/1 -Voting will close 7/1 This info will be available on kcfc.coop and via email
Money Committed to Date Income from Marketplace:
$20,000
Grants and other sources:
$34,000
Member-owner equity:
$124,800
MLC Phase I:
$215,000
TRF Loan Commitment: $518,000!!!!!
$911,800
The Gap and How We’ll Fill It The Gap: approximately $650,000 1.
Fall 2015 MLC Phase II: $235,000
2.
Member Equity: $150,200 a. new member-owners (1,000 total by June 1st; 500 additional by the end of 2015) b. people deepening their equity
3.
Grants and donations: approximately $265,000
4.
Possible larger loan from TRF
Take Aways...AKA, Being Brave What can you do to help fill the gap? Please see anyone in a KCFC T-shirt! 1. 2. 3. 4. 5. 6. 7. 8.
JOIN Ask your neighbors to join (flyers available to take with you tonight) Commit to make a loan Tell us about someone else who wants to make a loan Deepen your equity Pre-order and shop at the MP (4th Tuesdays) and bring your friends Host an Eat and Greet Join this core group working on this project/volunteer at an event
KCFC 2015 Timeline Jan/Feb
Mar/April
May/June
July/Aug
Sept/Oct
Nov/Dec
Financing Member Loans and Increased Equity Continued work with Institutional Lenders (TRF, NCDF, etc) Grants
None of this matters MLC II Membership Growth we the 1,000 New Member-Owners by 6/1/15unless1,500 Newget Member-Owners Prep for Construction members and the Store Design money! Contractor Bids Permitting
Staff and Governance Process to hire GM Governance Transition: late 2015/early 2016 MRC work
Q&A
