BOARD OF TRUSTEES
July 19, 2000
A regular meeting of the Board of Trustees of Peninsula Endowment was held at the home of Harry Lewenstein, 1102 Ramona, Palo Alto, on July 19, 2000. The meeting was called to order by President Westman at 11 am.
Present: MMes. Bitting, Tedrow, Westman; Messrs. Jaquette, Lewenstein, and Moerdyke.
Minutes of the meeting held February 9, 2000, were approved.
Trustees discussed a change in the By-Laws which would permit an increase in their number. It was moved, seconded, and carried that Article IV, section 1, of the By-Laws be amended to read:
The Board of Trustees shall consist of a minimum of five (5) members and a maximum of nine (9) until changed by amendment to these By-Laws as hereinafter provided.
It was m/s/c to elect JoAnn Bitting to the Board of Trustees.
The Treasurer’s Report prepared by Steve Hamel was studied and accepted.
Newly elected Nor/Cal Unit chair Stratton Jaquette reported staff changes and additions which have precipitated need for more work space. production is going well, however. new digital audio technology is being installed with volunteer training to begin in mid-August.
The generous bequest of $4000,000 made by Ruth Davidson to the Nor/Cal Unit will be used to solve the crowding problem. An architect has been engaged, has presented a contract and asked for signatures by the head of both the Unit and PE. Since the Unit’s bequest money will fund a structure built on property owned by PE, the legal complexities require careful study. An attorney for the Unit has suggested a long term lease. Trustee/attorney Moerdyke recommends and agreement first be signed by the Unit Chair stating PE will be held harmless against and fully protected from liens and any and all claims or lawsuits connected with the project. He will prepare such an agreement. It was m/s/c/to authorize president Westman to sign the architect’s contract as soon as the unit Chair had signed the hold harmless agreement. Other legal aspects of the project were discussed
Due to the anticipated length of the meeting, no portfolio review was scheduled.
Meeting adjourned at12:30 pm. Next meeting at the cll of the President.
Virginia V. Tedrow