Board approves up-to-$5,000 start-up cap for Wind Point lighthouse gift shop
Board approved a modest capital cap of up to $5,000 to start a volunteer-run gift shop at the Wind Point lighthouse, increasing the original $3,000 proposal after members recommended a slightly larger opening inventory to avoid undercapitalization.
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The board approved the lighthouse committee's recommendation to fund a volunteer-run gift shop with an initial inventory cap of up to $5,000. The committee had proposed $3,000 initially, but after discussion trustees agreed to increase the capital cap to reduce the risk of early stockouts and the need to return for additional funding.
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