Moonspinner Board of Directors Meeting Notice and Agenda – Meeting April 21, 2020
April 20, 2020
TO: ALL MEMBERS OF THE BOARD OF DIRECTORS
The Board of Directors will hold a Board meeting on Tuesday, April 21, 2020, at 9:00 AM local time (10:00 AM Eastern time) via conference call. (Details below.) There WILL NOT be a physical meeting in the Dinich building.
The purpose of the meeting is to confirm approval of the Moonspinner application for the SBA – Payroll Protection Plan (PPP) loan, to approve executing the promissory note, to approve opening a separate bank account at Trustmark for these funds, and to approve specific individuals to sign checks on this account.
Moonspinner has been advised that the loan has been approved, and funds should be available next week. The recommendation is that these funds be put in a separate account for ease of accounting, and this account needs to be open and ready to receive the funds. The expectation is that all withdrawals from this account will be by digital means, but we still need to specify signatories in the event that there is a need to write a check. The minutes of this Board meeting are required by Trustmark to open the account and to specifically designate signatories.
This meeting will be limited to the above issues. No other Moonspinner issues will be addressed, and minutes of previous meeting(s) will not be addressed. Board members who cannot attend in person will need to attend by phone so we can establish a quorum.
Agenda is as follows:
Roll call to establish a quorum.
Confirmation of prior email Board approval of the SBA-PPP loan application.
Approve executing the promissory note.
Approval of opening new bank account and designating signatories.
ALL OWNERS ARE WELCOMED AND ENCOURAGED TO ATTEND
Conference Dial-In Number: (712) 775-7035 Access Code: 865249# Mute/Unmute *6
Bob Reeves, HOA President MOONSPINNER CONDOMINIUM ASSOCIATION, INC.