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Vaughan Fund Minutes 04/28/2015

Vaughan Fund
April 28, 2015
Chairman John C. Kareckas called the meeting to order at 6:22pm.  Trustees present included Jean Demetracopoulos, and Laura Leber.  Town Manager Perry Ellsworth was also present.  Russell Abell and John James were not in attendance.
Approval of Minutes
1. 11-25-14:  On a motion by Mrs. Demetracopoulos, seconded by Mrs. Leber, it was unanimously voted to adopt the minutes as written.
New Business
1. Chairman Kareckas stated that he called the meeting to give an update on the status of the fund.  He spoke with Ryan Hale at LPL Financial and the balance is slightly down by about $2700.  Overall, the fund has been performing well.
Mrs. Demetracopoulos asked if there had been any requests for funding.  Mr. Ellsworth stated that we had not received any.  The Clerk confirmed that the deadline for grant applications was February 28th.
Mr. Kareckas stated that the Trustees could consider new applications, but would have to inform any applicants that the deadline had passed.
All agreed that the Trustees could do better at advertising the application process.
The meeting was adjourned by consensus at 6:27pm.
Barbara Bennett, CCM
Town Clerk