HARBOR AREA REGIONAL BOARD OF RESOURCES, INC.
EXECUTIVE COMMITTEE MEETING
WEDNESDAY, May 17, 2005; 12:00 P.M.
City of Harbor Springs City Council Chambers

Welcome/Attendance

Present:Branson,Breighner,Dika,Erber,Esposito,Gallagher Hughes,Simon

Absent - none

The meeting was called to order by Tom Gallagher at 12:05 pm. Executive Director Danna Widmar and Assistant Preston McGregor were present.

Minutes
Simon made a motion to approve the minutes from March 15, 2006. Dika seconded the motion. Motion Carried.

Financials
Erber noted expenses of computer purchase and income from Frey and DEQ grants. CD at Bank of Northern Michigan in the amount of $42,000 will be renewed for 3 months @ 4.25%. Dika moved to approve both financial statements. Simon seconded the motion. Motion Carried.

Business
Board of Director’s Insurance: In advance, Widmar provided written pro and con recommendations for Board of Director’s insurance. In this information, Director Jack Deegan of Plunkett and Cooney noted that Michigan State law MCL 450.2209 says that non-profits articles of incorporation may have a provision that eliminates the personal liability of a volunteer director or volunteer officer to the corporation. After much discussion, it was agreed to have the Board of Director’s be uninsured, however the final recommendation will be made by HARBOR Inc attorney Jim Ramer.
An extension was filed for the corporate tax return. Widmar expects to have it filed before 6/1/06.
Annual Meeting: Dates and forums were discussed for annual meeting of members and board of directors in August 2006. It was decided to offer a meal at the meeting. Widmar will secure a location.
Widmar has been asked by H.S. Chamber director Kathy Lott to take part in the ‘State of The Community’ address on 7/19/06.
PR/Marketing – read a report from Brianna Girard on marketing. Widmar will make sure that there is a tag line recommendation and final plan before BOD meeting 5/31/06.
A discussion was held on term limits for appointed members of the Board of Director’s and all members of the executive committee. Widmar will further investigate term limit wording and convey this information to the EC.
Board of Director’s quarterly meeting will be held May 31, 2006 at Little Traverse Township Hall.

The next executive committee meeting will be June 7, 2006.
The meeting adjourned at 1:15 p.m.
_____________________________ ____________________________
Danna Widmar, Executive Director