SPECIAL VESTRY MEETING
St. Peter’s Church - July 24, 2006
Fr. George Young opened the meeting with prayer at 6:00 p.m. Present: Toby Atkinson, Lynn Grant, Ginger Mock, Bill Dickson, John Dyal, Neil Frink, Francis Flood, Ben Stephens; Treasurer Jim Carpenter; and Clyde Davis, Attorney.
The following notes were compiled by Bill Dickson and Lynn Grant, edited by the undersigned:
St. Peter’s Church Charitable Foundation:
Bill Dickson has the Vestry Initiative to establish St. Peter’s Church Charitable Foundation. Using documents shared by Christ Church, Ponte Vedra as a model, Clyde Davis,our attorney, has prepared and submitted for review the By-Laws of St. Peter’s Charitable Foundation, describing the “entity of the foundation” and the rules governing its organization and operation.
The following changes were discussed and recommended: change “elected” to “selected” when referring to trustees; trustees will serve as a “managing body” and will be elected at a meeting in November; members may 1) vote by proxy (but no proxy shall have a duration exceeding three months); and 2) set limits on reimbursements of out-of-pocket expenses. The Vice Chairman of the Board of Trustees shall be the Senior Warden, Junior Warden, or vestry member appointed by the Vestry; the Treasurer of the Board of Trustees shall not be the Treasurer of St. Peter’s.
Motion by Bill Dickson; seconded by Ben Stephens:
Approve the By-Laws pending review of final draft including recommended changes. Motion carried.
Update on St. Peter’s Employee Benefit Program:
A recent review of the employee benefit program at St. Peter’s revealed several shortcomings; proposals needed to remedy include the following: life insurance offered through the Diocese to be made available to any employee working more 20 hours per week; medical and dental insurance to be added for each employee.
Proposal: Pay 50% of the cost of dental insurance; pension program to be provided to all employees; 5% into 501 plan for employees.
Motion by Ben Stephens; seconded by Francis Flood:
Approve dental plan at 50% and change to immediate vesting (90 days) for pension
plans. Motion carried.
Sale of property at 11th and Broome:
Trevett Homes reduced their offer to $750,000, contingent on satisfactory results of a soil study.
Three options exist:
- Accept Trevett offer but include caveat related to the number of units and their cost;
- Reopen discussions with Housing Assistance Corp regarding their interest in
affordable housing project; - Remove property from market.
Motion by John Dyal; seconded by Neil Frink:
Reject Trevett’s offer and remove property from the market. Authorize Fr. George, Jim Carpenter and Bill Dickson to reopen discussions with Housing Assistance Corp; update Vestry by October Vestry meeting.
Motion carried (Ginger Mock abstained)
Respectfully submitted,
John C. Train, Clerk
