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SPECIAL HAPPENINGS
Constitutional Convention For many years the Race Team has operated in effect as a subsidiary of the Club. The FFBC Board and Team management have agreed that the time is right for the relationship to be formalized. This is expected to be achieved through some constitutional changes. For the first time the Team will have a constitution and it is proposed
that the Team be constituted as a tax-exempt 501(c)(3) subsidiary of the
Club. An amendment will be necessary to the Club's constitution to
reciprocate this relationship. It is expected that there will be Tax-exempt status will help the Team's quest for sponsors, enabling a potential sponsor to gain a tax benefit from supporting the Team. This is not a unique relationship - we know that the Valley Spokesmen Club has this structure. The exact structure and wording of the constitutional changes are to be proposed by a committee with representation from both the Club and Team. From the Team's side, we have some familiar names: Jason Sage, Garry Birch & Richard Brockie. We would like 3 representatives from the Club to complete the committee with the goal to propose the amendments in time for voting at the February Club meeting. If the proposed constitutional changes are approved, it will then be necessary to incorporate the Team, a process which requires an attorney. If you have any questions, want to be part of the constitutional committee or can give us a lead on an attorney who can help us, please contact Jason Sage (Team Captain) or Karen White (President). 2007 Membership Dues Annual club membership fees are due and must be mailed to the
club post office box through January 2007 in order to be eligible
to lead club rides and to continue receiving Pedal Pounder credit.
A membership form can be found linked to this newsletter at: |
