Draft Agenda
Regular Pacifica National Board Open Session
Teleconference Meeting
Thursday, February 6, 2020
8:30 pm ET
All times are Eastern Time
(meeting notice appended to the end of this
agenda)

Directors:

Grace Aaron, KPFK, Listener Ron Pinchback, WPFW, Staff
Robin Collier, KCEI,
Affiliate Ralph Poynter, WBAI, Listener
Chris Cory, KPFA, Listener Lawrence Reyes, KPFK, Listener
Bill
Crosier, KPFT, Listener Shawn Rhodes, WBAI, Staff
Donald Goldmacher, KPFA, Listener Eileen Rosin, WPFW,
Listener
Jan Goodman, KPFK, Listener Mansoor Sabbagh, KPFK, Staff
Heather Gray, Affiliate James Sagurton,
WBAI, Listener
Sabrina Jacobs, KPFA, Staff Nancy Sorden, WPFW, Listener
Wally James, KPFT, Staff Alex
Steinberg, WBAI, Listener
DeWayne Lark, KPFT, Listener Tom Voorhees, KPFA, Listener
Martha Peterson, WPFW,
Listener

Others:
Lydia Brazon, Interim Executive Director
John Tatum, Parliamentarian
Renee
Penaloza, National Elections Supervisor
Otis Maclay

Item # Description
Time
1. Preliminary items
10 min.
A.
Call to Order by Alex Steinberg, Chair Pro Tem
B. Roll Call
C. Election of Chair Pro Tem

D. Election of Vice Chair Pro Tem
E. Election of Secretary Pro Tem
F. Excused Absences (for both of
tonight’s meetings) G. Identify Timekeepers (for both of tonight’s meetings)

2. The Chair Pro Tem
explains to the public that at the time certain of 10:00 pm the Board will be moving into closed session to consider an
urgent legal and financial matter. 2 min.
3. Agenda Approval
5 min.
4. Minutes
Approval - Approve Jan. 30, 2020 Open Session Minutes 3 min.
5. Bylaws
Amendment Election Update – Renee Penaloza, National Election Supervisor 30 min.
6. iED Report & Q & A
7 min.


7. MOTION: Percentage of Windfall Income to be used for
Loan Repayment
- by the Management Team
15 min.
Whereas, the $3.1 million loan that is collateralized by Pacifica owned buildings
is due in about 13 months, and,
Whereas, thus far no agreed upon plan has been put forward to pay the principal owed,
and,
Whereas, there is no guarantee that the lender will be willing to extend the term of the loan,
Therefore, be
it Resolved that at least 50% of any windfall income to ‘Pacifica’ that is not restricted in nature be used to pay
the principal on the loan, and,
Further, that 30% of any windfall income to any of our stations or units that is not
restricted also be used to pay the principal on the loan.
‘Windfall income’ shall be defined as income of
$50,000 or more and would include large donations, bequests, etc.
All such income after this date, January 30, 2020,
is subject to this policy.
Jan. 30, 2020 Crosier amendment to the motion on allocating windfall revenue:
Insert
before "Therefore be it Resolved" the following:
"Whereas, allocating a good portion of bequests and other windfall
revenue for repayment of the big loan sounds reasonable under normal circumstances, but Pacifica also has over $200,000
of accounts payable, most overdue for critical services like accounting, audits, pension administration, and legal
expenses"
Also insert the following after "principal of the loan" in both the "Therefore be it Resolved" clause and
in the Further, that 30%..." clause:
"and Accounts Payable for the National Office".
Also insert the following
before "‘Windfall income’ shall be defined":
"Pacifica management shall also endeavor to ensure that all stations
pay their Central Services in full each month so that our critical services and Accounts Payable can be paid and kept
current."
So the amended version of the motion, with changes in red, would then be:
Percentage of Windfall Income
to be used for Loan Repayment

Whereas, the $3.1 million loan that is collateralized by Pacifica owned buildings
is due in about 13 months, and,
Whereas, thus far no agreed upon plan has been put forward to pay the principal owed,
and,
Whereas, there is no guarantee that the lender will be willing to extend the term of the loan,
Whereas,
allocating a good portion of bequests and other windfall revenue for repayment of the big loan sounds reasonable under
normal circumstances, but Pacifica also has over $200,000 of accounts payable, most overdue for critical services like
accounting, audits, pension administration, and legal expenses, all of which must also be paid,
Therefore, be it
Resolved that at least 50% of any windfall income to ‘Pacifica’ that is not restricted in nature be used to pay the
principal on the loan and Accounts Payable for the National Office, and,
Further, that 30% of any windfall income to
any of our stations or units that is not restricted also be used to pay the principal on the loan and Accounts Payable
for the National Office.
Pacifica management shall also endeavor to ensure that all stations pay their Central
Services in full each month so that our critical services and Accounts Payable can be paid and kept
current.
‘Windfall income’ shall be defined as income of $50,000 or more and would include large donations,
bequests, etc.
All such income after this date, January 30, 2020, is subject to this policy.
8. Adjourn to
Closed Session to Address an Urgent Legal and Financial Matter at a time certain of 10:00 pm (Open Session to Resume
after Closed Session if needed.)

*************************************************************
All Times
Eastern Back to the Calendar

________________________________________
Thursday, February 6, 2020 8:30 PM
ET
Pacifica National Board Teleconference
Purpose: Regular meeting of the PNB. Committee Members

Regular
meeting of the PNB.
Alex Steinberg pnbalex@gmail.com

Posted: 01/04/2020 - 11:45 PM Updated :01/04/2020 -
11:45 PM
Streamed Here  The direct link is http://kpftx.org:6280  Also
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