Location: Minnesota Horse & Hunt Club – Hunter’s Lodge, 2920 East 220^th Street, Prior Lake, MN

Meeting was called to order at 7:40 pm and chaired by Karen Correll

In Attendance: Sara Borgmann, Karen Correll, Terry Correll, Cara Correll, Jo Erp, Jeff Harris, Brian Edwards, Arlan Miller

Not present: Joe Wagner, Jen Budrow, Bob Neil

Discussion: Amended articles of incorporation:

Action:
Karen Correll: To "table" the Amended Articles of Incorporation until the Feb. meeting,

Was seconded by Jo Erp. (Voter Conclusion – All "YES" votes)

Discussion: Adoption of TLCF Inc By-Laws

To adopt the by-laws with these amendments:

The Executive Director serves as an officer and can also be a board member,

The Executive Director can NOT be the Treasurer or the Chair of the Board

Checks need to be signed by two signatures.

Officers – serve 1-year term

Directors- serve 2-year terms

By-laws will be reviewed at the February meeting should the Board consider other changes to the By-Laws.

Action:
Karen Correll: To adopt the amended by-laws until the Feb. meeting and review them at that time for additional changes. Was seconded by Arlan Miller. (Voter Conclusion – All "YES votes)

Discussion: Director Elections

Action:
Karen Correll: To accept as Directors the list of persons excluding Robyn Correll (to be replaced by Cara Correll in the family section of the board) and Scott Meyer due to change in his residing state.

The TLCF board as elected:

Jo Erp – Community Member, Arlan Miller – Community Member

Open Community Member- open (vacated by Scott Meyer)

Sara Borgmann – EMS, Brian Edwards – EMS, Jen Budrow – EMS

Karen Correll – Family Member, Cara Correll – Family Member (replaced Robyn Correll)

Terry Correll – Family Member, Joe Wagner – Fire Department, Jeff Harris – Fire Department

Bob Neil – Fire Department

Discussion: Election of Officers
Karen Correll- Nominate the Officers of Secretary, Treasurer, Chair, Vice Chair, and Executive Director.

Action:
Cara Correll – was nominated for the office of Secretary and seconded by Brian Edwards. (Voter Conclusion- All "YES" votes)

Karen Correll- was nominated for the office of Executive Director and was seconded by Arlan Miller. (Voter Conclusion- All "YES" votes)

Terry Correll – nominated for office of Chair – He declined the nomination

Jo Erp and Arlan Miller – nominated for office of the Chair. (Voter Conclusion – Arlan Miller won the nomination by handwritten votes)

Joe Wagner – nominated for the office of Vice Chair and seconded by Cara Correll (Voter Conclusion – All "YES" votes) subject to Joe’s acceptance.

Jo Erp- nominated for office of the Treasurer and seconded by Cara Correll (Voter Conclusion- All "YES" votes)

Discussion: 2004 Budget

Action:
Motion made by Brian Edwards- To have the board hire a CPA attorney or Tax attorney to answer the tax questions we may have, before a decision will be reached regarding how many fundraisers we will hold in 2004. Seconded by Jeff Harris. (Voter Conclusion – All "YES" votes) Tabled budget approval until the February meeting.

Discussion: Training Grants

Action: Motion made by Brian Edwards- To "table" the training grant until our Feb. meeting so that we may further research our possibilities and where we would like the money to go and for what purpose. Seconded by Arlan Miller. (Voter Conclusion- All "YES" votes)

Discussion: High School Scholarships
Action:
Karen Correll – motion to stick with the 2003 Application Form for the high school Scholarships for the 2004 School Year. Seconded by Sara Borgmann. (Voter Conclusion- All "YES" votes)

Discussion: State-wide high school scholarship

Action:
A 3^rd high school scholarship will be added in 2004 and given to a student in one of these counties: Goodhue, Rice, Le Sueur, Scott, Dakota, Sibley, Carver, and Washington counties. (It was decided to add these Metro counties instead of going statewide for the time being until we grow further in our Foundation)

1. Tax Question: Hire a CPA or other such tax attorney to answer 501c(3) and budget questions.
2. Investment of Foundation Assets: Research investment opportunities for Foundation assets.
3. Vacant Board Position: A person to fill the position on the board that was opened in the Community Member position on the board.
4. Department Training Grants: Research training grants at this time to research into that area further. We will also look into funding equipment grants at a later date when our foundation has grown further.

Our next meeting will be Tuesday, February 17^th, at 7:30 p.m. at the Minnesota Horse & Hunt Club Hunter’s Lodge.

Brian Edwards moved to adjourn meeting at 9:00 pm. Seconded by Jeff Harris. (Voter Conclusion All "YES" votes) Meeting was adjourned.

Respectfully Submitted,

Cara Correll, Secretary