American Contract Bridge League Unit 522 – Fresno, Inc.

A Non-profit Corporation Serving Fresno, Madera and Mariposa Counties

2415 East Clinton Avenue, Fresno, California 93703

March 14, 2007

The March 4, 2007, Meeting of the Board of Directors was reopened by the Vice President, David Shuster at 10:50 a. m. at Pardini’s Restaurant.

DIRECTORS PRESENT: Dave Shuster, Maggie Mahaffee, Mary Jo Davila, Kay Chrisman, Paul Boyd, Bert Rettner, Anita Penny, John Oakshott.

DIRECTORS NOT PRESENT: Mary Lou DaCosta, Dora Gostanian, and Richard Meffley

GUESTS PRESENT: Judy Nicholson, Chairman of the Building Committee, Byron Steinert, Peggy Oakshott, Sandra Rettner

The unfinished business for discussion was the possible purchase of the building located at 2515 West Shaw, Fresno, California. Vice President, Dave Shuster asked for open discussion on the following topics:

1. Convenience of the location for the Unit’s members.
2. Suitability of the building for the Unit’s needs.
3. Financing

LOCATION: After much discussion as to the accessibility to the building from both Freeway 99 and 41 and the convenience of using Shaw Avenue and various other routes, the consensus was that the location was more than acceptable. There was discussion as to the noise from the train tracks and determined that the current occupants have no problem with noise.

IT WAS MOVED BY KAY CHRISMAN AND SECONDED BY BERT RETTNER AND UNANAMOUSLY AGREED BY THE BOARD THAT THE LOCATION WAS ACCEPTABLE.

BUILDING:

1. Exterior is in excellent condition, with a new roof.
2. Parking is more than adequate with approximately one hundred parking places in the immediate vicinity. Parking lot is in excellent condition.
3. Interior is in excellent condition, providing adequate bathroom facilities and large kitchen area. Some walls will need to be removed to conform to our needs but structurally this should be easy with no additional costs for permits. Carpet is acceptable, however, should be re-addressed once walls are removed. Zoning restrictions will not allow for a stove in the kitchen, however it was determined that accommodations could be made to meet our needs.
4. Byron Steinert took interior measurements and will gather prices of paint, carpet and miscellaneous items so the Board can estimate move in costs.
5. Byron Steinert will also contact the City of Fresno to determine additional cost, if any, to bring the building to code once the sale is complete.

Minutes continuted:

IT WAS MOVED BY KAY CHRISMAN AND SECONDED BY PAUL BOYD THAT THE BUILDING BE ACCEPTED FOR CONSIDERATION TO PURCHASE. THE BOARD UNANAMOUSLY AGREED.

FINANCING: There was much discussion as to possible ways to finance the property. John Oakshott and Bert Rettner both offered excellent possibilities. It was agreed that the Finance Committee, chaired by Mary Jo Davila would pursue these and any other possibilities and report to the Building Committee with their recommendations.

It was further decided that if an offer to purchase is to be made, it be made as soon as possible.

Therefore, the Building Committee, chaired by Judy Nicholson, should be ready to make a recommendation to the Board early next week.