Board Minutes

MINUTES
AS220 Board of Directors Meeting - 2000/06/13

Members present:

Dennis diBattista, Laura Travis, Mary Ann Hewitt-Howe, Robert O. Jones, Keith Munslow, Michael Simon, Steve Durkee, John Scott, Jon Ozbek, Richard Welch, Stuart Giannini, Alan Addison, Jim Pfeiffer, Erminio Pinque.

Members absent:

Norna Anderson, Bob Arellano, Manny Vales

Staff present:

Bert Crenca, Shawn Wallace, Geoff Griffin

(1) Call to Order

Dennis diBattista called the meeting to order.

(2) Old Business

Dennis reported that David Henry and Jan Swearer had decided to resign from the board, and that he had sent letters of termination to Shelly Weeden, Venus Jones, and Munir Mohammed (see copies of letters). Robert O. Jones gave a report on terms expiring for consideration by the Nominating Committee and board (see list).

(3) FY 2001 Budget.

Shawn Wallace presented the budget (see copy). Income will be boosted slightly by rent increases. The expense side features salaries for an Artistic Director, Managing Director, Assistant Artistic Director, House Manager, Gallery Director, and Communications Director (all full-time), Volunteer Coordinator (0.5 time), a Cafe Manager, 3 Cafe employees, and a Darkroom Coordinator (0.25 time). The Development Director position is currently being filled by a VISTA employee. The new format of the budget, broken into program areas, elicited some confusion in comparing this to past budgets. On a motion by Steve Durkee, seconded by Laura Travis and Keith Munslow, the board unanimously

VOTED to approve the budget as presented.

At the request of Steve Durkee and Jim Pfeiffer, endorsed by the rest of the board, the staff agreed to present a version of the budget in the old format at the next meeting.

(4) Perishable Theatre

Dennis reported that the Perishable Theatre board had approved and forwarded a letter of intent to purchase the premises at 95 Empire Street. A long discussion ensued about how to determine the value of the property (income-production versus comparable-property appraisal) and the short- and long-term benefits and disadvantages to AS220. Sale would eliminate a substantial portion of regular income, but the infusion of cash could be used to reduce debt or fund other initiatives. There could be a problem if the IRS decided to tax the transaction as unrelated to the corporation's non-profit operations. The consensus of the board was that the staff and appropriate consultants should investigate proceeding with negotiations while protecting AS220's position to the greatest extent.

(5) AS220 Broad Street Studio

This report was tabled until the next meeting.

(6) Adjournment

On a motion by Steve Durkee, seconded by Keith Munslow, the board unanimously

VOTED to adjourn the meeting.

Recorded and submitted by
Robert Owen Jones
Secretary

MINUTES AS220 Board of Directors Meeting - 2000/06/13