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RIC Meeting Minutes 7/2

Riverwest Investment Cooperative (RIC) Meeting Minutes July 02, 2003, 7:00 pm, YMCA CDC I. June 19, 2003 minutes approved with one correction. II. Marketing/PR Update: Template for the new website reviewed. It will be up and running very soon and will include: A summary of the minutes after each meeting [RIC News] clarification of membership for investment of $1000 [Invest with Us] link to board members [front page] clarification that dividends will be paid based on net proceeds [Invest with Us] mission statement [front page] advertise upcoming events Frequently asked questions. A motion was approved to establish our own domain. III. Finance Committee Update: The Articles of Incorporation were delivered to and archived by the Secretary. The finance committee is currently addressing our ability to finance our first property. IV. Property Committee: Contacts have been made with other community groups that have an interest in owning their own building. RIC will work in partnership with these groups for mutually beneficial outcomes. V. A 1-year At-Large Board Position is vacant. VI. Fine-tuning of the by-laws will be discussed and approved at next RIC meeting. Lecture & Workshop by Catherine Austin-Fitts who will speak about investing locally in our neighborhoods. July 30th –6:30pm the doors open. The lecture begins at 7:00 p.m. and runs until 9:30p.m July 31st The workshop runs from 6:30 to 9:30pm This will be held at Turner Hall. Tickets for the lecture are $10.00. Tickets for the workshop are $20.00. Purchase of both events is $25.00. Tickets are available for purchase online at www.Diamondsinourbackyard.com. E-mail any questions to VIII. Next Meeting: Thursday July 17, 7:00 pm at YMCA CDC on East Center St.