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Riverwest Investment Co-op Election Process

FROM: Quinn Wilder, RW Investment Club
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Hello current and interested RIC members,

Exciting things are happening with RIC! Early this month at
the CDC office about a dozen members and interested
folks helped to set the election process that will
establish the first elected board of RIC.

Up to May 22, any member may nominate themselves
and/or another member for any officer position. In order
to establish a staggered system, initial terms vary for
each seat. Following this election, each term will be
3 years. There is a President (2 years), VP (1 year),
Treasurer (3 years), and Secretary (1 year). There is
also three at-large positions (1,2,and 3 years
respectively), each of which must be dedicated to
working on a committee. Currently we have a finance,
marketing/pr, and property committee.

Nominations must be received before May 22 via email
or mail (2462 Bremen), and a ballot will be held at
the May 22 meeting to vote on the nominatees.

Several very important issues were raised and
discussed at the meeting, and the current board
announced that it has a list of properties it is
considering. A small flurry of checks were written by
new members, and a good deal more are expected by the
end of the month.

For those who would like to become members but cannot
afford it, we have directed people to the Brewery
Credit Union to either get a personal loan (you can
become a member there by starting an account for free
and depositing a minimum of $5) or to simply start a
savings account and save up until you're ready to
join. In addition, the newly elected board will
quickly consider possible avenues for becoming an
investor at different levels.

Don't forget to become a member soon so you can
nominate members and vote for the new board! And
email me here if you would like to discuss any
questions, ideas, or concerns.

Your Interim President,

Quinn Wilder
riverwestinvestmentcoop@yahoo.com


Riverwest Currents online edition - May, 2003