WASHINGTON MATERIALS MANAGEMENT
AND
FINANCING AUTHORITY

Approved Minutes
Special Meeting of the Board of Directors
August 28, 2007

The Board of Directors (“Board”) of the Washington Materials Management and Financing Authority (the “Authority”) held a special meeting at 12:00 p.m. PDT on Tuesday, August 28, 2007, at the offices of Van Ness Feldman in Seattle, Washington.

Directors Present:
Nick Ammann, Apple Computers
Mark Bracking, PC Salvage
Mark Dabek, Re-PC
Mary Jacques, Lenovo
Tim McGrady, LG Electronics
Mike Moss, Samsung
John Swiderski, Deer Park Computer Sales and Service
Mike Watson, Dell Computers

Also Present Were:
Peter Lyon, Dept. of Ecology (Ex Officio)

Directors Absent:
Kyle Holifield, Wal-Mart
Brenda Mathison, Best Buy

Counsel Present:
Tyson Kade, Van Ness Feldman

1. Call to Order

John Swiderski, Chairperson, called the meeting to order at 12:05 p.m. A quorum of Directors was present.

2. Development of Operating Plan - Review and Approve Consulting Contract

Discussion: The Board discussed the consulting contract to hire Walter Alcorn to assist with the preparation of the Authority’s operating plan.

On a motion duly made (Ammann) and seconded (Jacques), it was:

VOTED to approve the consulting contract for Walter Alcorn.

The recorded vote was unanimous (7-0), and the motion carried. Director Watson was not present for the vote.

3. Authority’s Comments on Ecology’s Proposed Regulations

Discussion: The Board reviewed the draft comments on the Department of Ecology’s proposed electronic waste regulations. The Board discussed whether to comment on the application of WAC 173-900-450(2) to “retail recyclers” (comment 8).

On a motion duly made (Swiderski) and seconded (Dabek), it was:

VOTED to adopt the comments as drafted on August 28, except for comment 8.

The vote was unanimous (8-0), and the motion carried.

4. Insurance Policy for D & O Coverage

Discussion: The Board discussed the need for D & O insurance to meet the loan requirement. The Board also agreed to add additional insurance coverage in the future, as necessary.

On a motion duly made (Dabek) and seconded (Swiderski), it was:

VOTED to authorize John Swiderski to enter into a D & O insurance policy for the Authority with a premium not to exceed $3,000 per year.

The vote was unanimous (8-0), and the motion carried.

5. Adjournment

The meeting was adjourned at 12:25 p.m.


Kyle Holifield
Secretary of the Board