[OMS_MANAGERS] Facade Improvement Loans

[Joan Wessell]

That's exactly how we handle it when a Board Member applies for an improvement loan.
 
Joan Wessell, EdM, CMSM
Executive Director
Downtown Corvallis Association
PO Box 1536 - Corvallis OR 97339


> On Aug 20, 2015, at 4:16 PM, Peggy Moretti <PeggyM at restoreoregon.org> wrote:
> 
> 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
> 
> Sent from my iPad
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