General News · 20th June 2012
Dear Members of Cortes Natural Foods Co-op,
Your Board of Directors require 2 important Special Resolutions to be passed by you, the members, in order to proceed with important changes at the Co-op.
The first is a legal requirement to enable us to enter into a mortgage with Vancity for the land purchase.
The second is to reinstate the annual membership operations fee to enable us to help fund both the new POSIM point of sale system that will allow us to start member discount programs and to have some funds for our needed septic upgrades to meet Health Department standards.
Here is the wording for the Special Resolutions:
1. Mortgage Special Resolution:
The members of the Cortes Natural Foods Co-op hereby grant permission to the Board to enter into a mortgage agreement as described below for $230,000.00 in order to purchase the Coop's land.
2. Annual Operations Membership Fee:
The members of the CNFC hereby grant permission to the Board to assess members an Annual Operations Membership Fee of $20 effective immediately.
See you Thursday July 5 at 7:30PM at Manson's Hall.
For the Board of Directors
President of The Board
Cortes Natural Food Co-op
Mansons Landing, BC V0P 1K0