Present were:
Chairman-Marty Bluewater, Commissioner United Indians of All Tribes Foundation (UIATF)
Secretary-Lillian Chappell, Commissioner American Indian Women’s Service League
Carl Elliott, Commissioner Seattle Indian Center
Constance Griffin, Commissioner American Indian Women’s Service League
Augustine McCaffery, Commissioner United Indians of All Tribes Foundation
Jack N. Richards, Commissioner Seattle Indian Center
Vice-chair-Rosalee Walz, Commissioner Seattle Indian Health Board
Michael Marshall Executive Director SISC
Absent:
Treasurer-Terry Danysh, Commissioner Seattle Indian Health Board-called
Staff/Public
Carol Peloza SISC Staff
Greg Sundberg USB Piper Jaffray
Jay Reich Preston, Gates & Ellis
Shaun Dale Seattle Indian Center
AGENDA ITEMS:
1. Approval of Minutes – The minutes of the January 15th SISC Board meeting were discussed. Mr. Bluewater requested a motion be made to approve the minutes. The motion was so moved by Mr. Richards and seconded by Ms. McCaffery the motion carried, Ms. Griffin abstained.
Mr. Bluewater introduced Mr. Dale from the Seattle Indian Center who then gave a report on the Christmas Party that the Commission had funded.

2. Executive Director’s Report
Bond Refinancing – Mr. Marshall introduced Jay Reich, Bond Counsel-Preston Gates & Ellis. Mr. Reich introduced Resolution 02-01 and then proceeded to explain the history of the Bonds pertaining to the Commission. Mr. Reich introduced Mr. Sundberg-USB Piper Jaffray who proceeded to explain the Special Obligation Revenue Refunding Bonds, Series 2002, Final Pricing Information. After a question and answer period Mr. Sundberg turned the meeting back to Mr. Reich. Mr. Reich then proceeded to explain the technicalities of refinancing the Bond and the action needed by the Board. Mr. Bluewater asked if there were any questions. Mr. Walz moved that Resolution 02-01 be approved, Ms. McCaffery seconded, motion carried.
Financial Reports – Mr. Marshall went over the 7th financial report. Mr. Bluewater requested a motion to approve the financial reports for February. The motion was so moved by Ms. Walz and seconded by Ms. Chappell, the motion carried.
Traditions & Beyond –Mr. Marshall informed the Board that Traditions & Beyond had their typical drop in sales in January but seems to be recovering.
Scholarship Requests –There were no requests for this meeting.
Earthquake Damage – Mr. Marshall explained where we were in the FEMA process. We had received approval to proceed on the Pearl Warren Building, the Leschi Center is expected to be completed by the end of June with work to begin on the Pearl Warren Building July 1.
Gates Foundation- The equipment for the Options Program has been ordered. Mr. Marshall will begin work on the room in April for a possible lab opening by late April.
Funding Requests-I-Wa-Sil requested $500 for a youth basketball tournament. Mr. Bluewater requested a motion to approve the request, so moved by Ms. McCaffery seconded by Ms. Walz, motion carried.
Audit-Mr. Marshall informed the Board that the audit was completed. Preliminary drafts and the disclosure letter, for the Boards information were available.
Insurance- Mr. Marshall informed the Board that the insurance costs had gone up from $16,000 to $24,000.
Budget- Mr. Marshall informed the Board that due to a series of events-FEMA, Gates Foundation Grant, the increase in insurance costs that at the next Board meeting he would be submitting an interim budget for the Boards consideration.
3. New Business- No new business.
4. Old Business- No old business.
There being no further business Mr. Bluewater adjourned the February Board meeting of the Seattle Indian Services Commission at 6:10pm.Respectfully submitted: Carol Peloza, Assistant Director