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Vaughan Fund Minutes 12/13/2016

Vaughan Fund
December 13, 2016
 
 
Chairman Russell H. Abell called the meeting to order at 6:53pm.  Trustees present included John C. Kareckas, John James, and Thomas Chase.  Town Manager Perry Ellsworth was also present.  Laura Leber arrived after the roll call and adoption of the prior minutes.
 
New Business
 
1. 01-26-16:  On a motion by Mr. Kareckas, seconded by Mr. James, it was unanimously voted to adopt the minutes as written.
 
2. On a nomination by Mr. Kareckas, seconded by Mr. James, it was unanimously voted to elect Russell H. Abell as Chairman for the ensuing year.
 
On a nomination by Mr. Kareckas, seconded by Mr. James, it was unanimously voted to elect Laura Leber as Treasurer for the ensuing year.
 
3. The Trustees agreed that it would be prudent to have the financial advisor give an update on the Fund’s performance.
 
Mr. Abell asked when grant applications are due and if we advertise.  Mr. Ellsworth confirmed that applications are due in February.  He added that he does not believe there will be funds available for distribution this spring.
 
ADJOURNMENT
 
On a motion by Mr. Kareckas, seconded by Mrs. Leber, it was unanimously voted to adjourn the meeting at 6:59pm.
 
  
Attest:
  
Barbara Bennett, CCM

Town Clerk