Hooper Trustees Meeting Minutes – 11/16/17



NOVEMBER 16, 2017


Hooper Trustees Present:  Peggy Pschirrer (Chair); Steven Dalessio; Cheryl Mayberry


CALL TO ORDER:  Mrs. Pschirrer called this Hooper Trustees meeting to order at 8:00 PM.



HOOPER TRUSTEES MEETING – November 9, 2017:  Mr. Dalessio moved to accept the Minutes of the Hooper Trustees meeting of November 9, 2017, as submitted.  Seconded by Ms. Mayberry.  With Mr. Dalessio, Ms. Mayberry and Mrs. Pschirrer in favor, the Minutes were approved.



Transfer of FundsMr. Dalessio moved to approve the transfer of funds from the Hooper Trust I to the Town of Walpole in the amount of $3,383.00.  Seconded by Ms. Mayberry.  With Mr. Dalessio, Ms. Mayberry and Mrs. Pschirrer in favor, the motion was approved.


Mansion Antique Sale UpdateMrs. Pschirrer reported the antique furniture sale at the Mansion went very well.  Eventually they will sell a few more items. Additionally, there will be proceeds from Ms. Sharon Boccelli’s auction in the spring.  The total sales at this time are $10,658.12.  She expressed gratitude for the many people who worked this past week-end.  It includes the Women of Walpole, Sue Dalessio, Amy Howard, Robin Fernsell, Sarah Downing, Terry Holcombe, Karen Galloway, Tom Goins, Steve Dalessio, Peter Kenney, Bill and Lynn Reed and other members of the community.


Merger of Education and Scholarship TrustsMr. Dalessio distributed copies of the proposed “Merger of Education and Scholarship Trusts”, dated November 14, 2017.  This the analysis prepared by Mr. Tom Goins.  One of the terms of the sale is the merger of the education and scholarship trusts.  Mr. Dalessio pointed out what the anticipated numbers would be based on a Five Year Cash Flow Forecast.  Nothing will be done until after the sale of the Hooper property occurs.  It is the Hooper Trustees decision to make.  The Hooper Maintenance Fund could be used for expansion and repairs to the Hooper Institute.  There is a lot of opportunity to heat the building year-round, etc.



Ms. Mayberry moved to adjourn this Hooper Trustees meeting.  Seconded by Mr. Dalessio.  With Ms. Mayberry, Mr. Dalessio, and Mrs. Pschirrer in favor, the meeting was adjourned at 8:14 PM.


Respectfully submitted,

Regina Borden, Recording Secretary



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