[OMS_MANAGERS] Facade Improvement Loans

[Peggy Moretti]

This would technically be a conflict of interest, since a board member is benefiting financially.  There is probably a good way to resolve this by having them recuse themselves from the discussion and vote.  The non-profit handbook should have proper protocal spelled out.

Peggy
Peggy Moretti, Exec. Director
RESTORE OREGON
503 243-1923

-----Original Message-----
From: OMS_MANAGERS [mailto:oms_managers-bounces at listsmart.osl.state.or.us] On Behalf Of kendallbell945 at gmail.com
Sent: Thursday, August 20, 2015 2:52 PM
To: oms_managers at listsmart.osl.state.or.us
Subject: [OMS_MANAGERS] Facade Improvement Loans

Hello Everyone,   I am interested in learning how other communities handle the following situation.   We are now a 501(c) 3.  We are considering offering a Facade Improvement Loan.  One of the key properties on the entrance to our Main Street that is in great disrepair is owned by a board member.  They would like to apply for a loan.  
Any suggestions or thoughts??
Kendall in Klamath Falls

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