Notice: This meeting of the Lake Bluff Library Board of Trustees was held with a quorum of Trusteesphysically present. The meeting was recorded. As required by law, at least one representative from theLibrary was present at the Library while participating in the meeting.

  1. Call to Order: Board President Bonnie Shaul called the meeting to order at 9:05 am.
  2. Roll Call: Trustees Friedeman, Jardine, Zaute, Graziano, Shaul and Jerch were present; TrusteeHayes was absent. Library Director Renee Grassi, Jamie Rachlin (Meristem Advisors) and CarrieWelles (facilitator) were also in attendance.
  3. Additions & Corrections to the Agenda: There were none.
  4. Opportunity for Public to Address the Board: There was none.
  5. Remarks by Board President Bonnie Shaul: President Shaul thanked the Board for theirincreased engagement and acknowledged Library Director Grassi’s leadership in thetransformation of the library.
  6. Introduction & Review of the Day by Renee Grassi: Director Grassi reiterated thanks to theBoard for their engagement. Director Grassi provided an overview of the day’s schedule andmade an introduction to Jamie Rachlin, Municipal Advisor from Meristem Advisors, LLC.
  7. Financial Presentation and Discussion by Jamie Rachlin, Municipal Advisory from MeristemAdvisors, LLC: Jamie Rachlin presented the financial condition of the Library, as well as asummary of operating and capital needs. This includes revenue options for the Library anddetermining pathways to meet financial objectives. Director Grassi and Jamie Rachlin willdevelop a summary table of revenue options to the Board.
  8. Post-Presentation Discussion and Q&A: The Board engaged in a discussion regarding thepresentation by Jamie Rachlin.
  9. Community Engagement Discussion facilitated by Carrie Welles: The Board discussed whatcommunity views of the Library are based on feedback provided to Trustees by communitymembers and future topics/messaging that the Library needs to communicate to the community.
  10. Executive Session(s) if needed: There was none.
  11. Review Action Items, Final Remarks from Library Director Renee Grassi: Director Grassi sharedthanks to Jamie Rachlin and Carrie Welles for their participation in the Board retreat. As a nextstep, Director Grassi will work with the Library Board to summarize the topics discussed at theBoard Retreat to share with the community
  12. Adjournment: Trustee Jerch moved to adjourn, Trustee Zaute seconded; all voted aye. Themeeting adjourned at 1:00 pm.

Respectfully submitted,

Alexandra Friedeman

Secretary