Rainbow Whole Foods Grocery, Inc.

Board of Directors Meeting

5:32 March 21, 2006

Board Members Present: Luke Lundemo, Barbara Scobee, Ann Herlihy, John McNeal, Nicole Jenkins, Amy Breckenridge

Absent: Karen Parker

Also present: Steve Whitlow, Bruce Fraiser, and Beth Ramsey.

A quorum was present.

Minutes Approved: The minutes of the February Board of Directors meeting were approved with minor corrections. .

Member Input: There was no member input.

Managers Report: Steve Whitlow presented the report. Rainbow had another very good month. Even though there were 3 less shopping days in the month sales were down only about 2%. He discussed how the fewer shopping days affected the café and deli more than the store. There was discussion about the membership continuing to increase. Luke mailed out over 700 renewal reminders. This should result in membership renewals. The bulk department has set new records. The façade renovation is now almost complete. The last part is the signage lighting which is in the works. There was discussion about the café and deli’s profitability.

Financial Report: Barbara Scobee distributed several financial reports for the month of February. She reviewed our statement of profit and loss. She reported that all of the numbers continue to look good. She also mentioned the need to look into the lease of the building and the continuing parking problem.

Café Committee Report: Amy presented the report. She is continuing to attempt to find a time and a date which will be convenient for more membership participation. There has been discussion of a new Rainbow cookbook. Barbara suggested she continue to have the Café Committee meeting at noon at Rainbow.

There was discussion of the need for the web site being improved on. Luke will make some inquiries into this.

There was discussion about the annual membership meeting. The Cedars is available for the annual meeting. Luke reported that the invitations have been sent out. There was discussion about how to advertise the meeting. A banner was suggested that could be used year after year. Steve is to take care of this. Steve is also to discuss with High Noon the two entrees they will be preparing for the event. Luke also mentioned that additional parking for the event has been secured.

New Business: There was discussion of the general manager’s accountability. Luke discussed management training. He will look into how other cooperatives have addressed this.

A motion was made to adjourn. This motion was seconded and passed.

Meeting adjourned at 7:30 Minutes are submitted by Ann Herlihy