The Annual Meeting of RIC, held Monday, August 23rd,
was a great success. About 25 attendees, including
several new faces, participated in RIC's first 'event'
to take place in a RIC house.

The second RIC board election took place, with At
Large member and Property Committee chair Chris Johns
accepting to continue in his position, Secretary Chris Papadopoulos doing the same, and Larraine McNamara-McGraw accepting her nomination to the Vice Presidency. A big thanks to these folks for providing the active membership that makes a cooperative successful.

Also, in addition to the President's and the Treasurer's reports, committee chairs led a question and answer session.

In preparation for the meeting, the board members
created an annual report as a pdf file that is on the
website and can be accessed below.

http://www.riverwestinvest.com/RIC-2004-Annual-Report.pdf

One important recent development is the news that we
have all been waiting for - we are close to our goal of acquiring the loan that will propel the house to completion and will allow us to move forward with new projects quickly. This is a good time to start an invesment in RIC, as a membership now could produce a significant return on your investment.

Thank you for your support and involvement,
Quinn Wilder