Chapter Meeting Minutes
January 11^th, 2005

Members Present-Ralph Blackman (Dean), John Bross, John Clarke, Tom Eley (ex-officio), Pamela Lightcap, Doug Lyons, Philip Mantle, Ann Meuse, Cecilia Mowatt, Rev. Jerry Ness, Christopher Plotner, Anne Tuohy, and Elsa Vaintzettel (ex-officio).

Absent-Robert Black (excused), Marianne Culver (excused).  

Also Present-Bruce Barber, Tom Paterson, Lyle Roebuck, and Jeff Wilhelm.  

John Bross led a bible study at 5:20 before sandwiches were served and the meeting began at 5:50 with the lifting up of prayerful petitions and Saint James Cathedral prayer by the Dean and said by all.  

On motion made, seconded and carried, the minutes of the meeting held December 14^th were approved. 

Elsa Vaintzettel gave the treasurer’s report including the profit/loss report through December 31, 2004. Generally all staffers and ministry heads spent within their budget. The Cathedral drew more from the endowment than had been planned to compensate for less income from pledges than had been budgeted; however the Cathedral took in more in offerings than had been anticipated. In spite of the additional draw the endowment was up year-to-date. The 2005 operating budget was reviewed and Elsa took some questions. On motion made, seconded and carried, the 2005 Cathedral budget was passed unanimously. 

On motion made, seconded and carried, Chapter approved an expenditure of $5,000 to cover a bill from 4240 Architecture for drawings done. 

Tom Patterson made an investment report, that began with a review of investment objectives, guidelines and restrictions (copies were distributed, see attached). The drawdown procedure was reviewed; also the history of the Cathedral investments. Tom compared the growth performance of Stein Roe with Merrill Lynch. Tom recapped the last investment committee meeting and took questions. There was a brief discussion about if/how the committee screens managers with a view to diversity and/or social responsibility. Currently the committee screens based on performance, not diversity; but does screen on matters of social responsibility. The committee follows the National Church guidelines regarding the latter. On motion made, seconded and carried, the investment policies were approved. 

Redevelopment. The dean gave a brief update. The diocese proposed that the Cathedral buy the mezzanine, rather than a floor in the new building. This would save the Cathedral and the diocese money in the long run and would allow for better access to the Cathedral. The dean showed an updated version of the drawing of the new building, with the upper portion now enclosed. The aesthetic aspects of the design are still a matter in the works. On motion made, seconded and carried, the Chapter approved the idea of the Cathedral pursuing interest in the mezzanine and approved the dean and steering committee continuing in their work. 

The agenda for annual meeting was reviewed and discussed. Annual Meeting will be on Sunday, January 23rd. On motion made, seconded and carried, the Cathedral will pay for lunch (out of the Hospitality budget) for the congregation at Annual Meeting. A five dollar per person donation will be requested on the day of the meeting to offset the cost of the lunch. 

The Chapter retreat planning team (Chris Plotner and Ann Meuse) will meet to organize the event, (February 18^th & 19^th). 

Nominating Committee. John Bross reported that nominee biographies will be due into the Cathedral office by January 13 and that there will be a “Meet & Greet” in the narthex following the 10:30 Eucharist on Sunday, January 16^th. 

Other Business. Chris Plotner inquired about mid-week and evening parking. Could someone from the Cathedral negotiate with the local garages for a better rate? A proposal was made that this be addressed at the Annual Meeting. On motion made, seconded and carried, John Bross was given Chapter’s approval to solicit funds in the Cathedral’s name to benefit The Anglican Women’s Empowerment Team, a United Nations project of Phoebe Griswold. Dr. John Clarke offered to provide the supper for Chapter’s March 8^th meeting. 

Dean Blackman took a moment to thank outgoing Chapter Members for their service. 

Following prayer, on motion made, seconded and carried, the meeting adjourned at 8:38 p.m. 

Respectfully submitted, 
L. T. Roebuck for Pamela Lightcap, Chapter Secretary