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I <br />Board Meeting <br />Randall & Blake, Inc. <br />July 21, <br />Present: Randy Maher Eric Reger Rick Randall <br />Marge Cocchiarella Jeff Croll Todd Williams <br />Pam Randall <br />I) Rick Randall brought the meeting to order at 10:20 a.m. on July 21, 1997 <br />II) Approval of last meeting minutes: Todd moves to accept the minutes from the last board <br />meeting. Randy seconded the motion. All were in favor. <br />III) Landmark <br />A) We have finalized reabsorbing Landmark into RBI now that everyone has signed <br />off. To complete the transaction we need to get checks out from RBI to all of the <br />Landmark stock owners for the sum of $1.00. Marge will take care of this. <br />B) Rick Randall reinforced to Jeff Croll and the board that we need to get some work <br />into Landmark because they have to make $3 million to get the NOL. <br />C) Landmark Operations <br />1) Work prospects <br />a) Jeff said that there is silica work coming up soon and he thinks that <br />it will be profitable. <br />b) Jeff doesn't think that they currently have a crew in place to do <br />over lot type work. <br />C) Marvin Wolf is ready and willing to get back into underground <br />storage tanks which are a viable market. <br />d) There is an AML project bidding in Oklahoma this week. <br />e) Jeff asked if we can pass on bidding on the Coal job which had <br />been brought to the table because there is no up-front money or <br />payment bond. Rick said to definitely pass on this and any similar <br />situations. <br />2) Aquatics <br />a) Landmark Aquatics in CCL is doing great and is actually making <br />money so we need to leave it in Landmark. <br />b) Denver aquatics in on hold. All our bio-channels and other <br />materials have been pulled or will be pulled within the next couple <br />of months with the exception of the waste water treatment plant <br />and Boulder. <br />C) Drew Goodyear and Hal Gobel have been put on commission to <br />- July Board Meeting Page I - <br />C,?,)