This meeting of N132EA, LLC., was called by Patrik Jonsson and held in the Hilo Civil Air Patrol hangar at 11:45am, Oct 21, 2017. Patrik Jonsson, Daniel Fuka, Bob Arthurs and Andrew Cole were present.
The member capital account was amended to reflect the sale of 1/6 share by Bob Arthurs to Andy Cole and the sale of 1/6 share from Arthur Cunningham to Daniel Fuka. The current LLC members and their shares and capital accounts are:
- Patrik Jonsson, 2/6, $10k
- Daniel Fuka, 2/6, $10k
- Bob Arthurs, 1/6, $5k
- Andy Cole, 1/6, $5k
Approved motion to authorize Daniel Fuka and Patrik Jonsson to open savings and checking account at HFS FCU in the name of N132EA, LLC, with Daniel Fuka and Patrik Jonsson to have signature authority and be authorized to make changes to the accounts. Authorized issuing debit cards in the LLC's name to Daniel Fuka and Patrik Jonsson.
Approved motion to authorize Patrik Jonsson to set up an account with Air Service Hawaii in the name of the LLC.
Approved motion to adopt Daniel Fuka as treasurer.
Approved motion to adopt Patrik Jonsson as director of maintenance, with authority to make maintenance decisions up to a total cost of $300.
Approved motion to purchase policy from Falcon Insurance for liability coverage (1M$) and hull coverage ($30k) for an annual premium of approximately $3200/yr, with Bob Arthurs, Patrik Jonsson, Daniel Fuka, and Andrew Cole as named insured.
Discussion of member contributions was tabled until a better motivation for the amounts can be provided.
Unanimously adopted motion for a one-time contribution to the LLC of $900/member.
Tabled discussion of shelter options.
The meeting was adjourned.
Signed,
Patrik Jonsson, secretary of the meeting
Daniel Fuka, witness