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Meeting directs incentive reimbursement to repay CEIDC debt; Lincoln Lumber to convey Genie SkyTrack
Summary
Participants voted to direct an incentive reimbursement toward CEIDC debt obligations and approved accepting a Genie SkyTrack valued at $38,000 from Lincoln Lumber, conditional on clear title; mover/second and vote tally were not specified in the transcript.
Meeting participants voted to direct an incentive reimbursement toward repayment of CEIDC debt obligations and to accept a Genie SkyTrack valued at $38,000 from Lincoln Lumber, provided the company conveys the equipment with clear title, a meeting participant said.
The motion, as stated in the record, directed that the “incentive re reimbursement amount shall be directed…
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