Windermere reaches its bond reserve - Word&Way

Windermere reaches its bond reserve

Roach — Windermere Baptist Conference Center trustees celebrated reaching the center's $1 million bond reserve with a final $390,000 installment by its Nov. 15 deadline.

Windermere issued bonds as part of debt restructuring related to its Wilderness Creek expansion project.

Although he did not release specifics, Windermere president Dan Bench noted, "Many friends of Windermere stepped up and responded. It is exciting to watch God work through His people."

Meeting at the center on Nov. 16, trustees reelected Arthur Mallory and Robert Plunk to three-year terms as board members.

They also reelected the pair as chair and vice chair respectively.

Board members named controller Carol Kaylor as corporate vice president and chief financial officer. She replaces Rich O'Guin, who recently resigned as vice president and director of operations.

In other action, trustees decided to host onsite meetings at Windermere only once each quarter and to conduct other monthly sessions by teleconference.