Members of the Dalry DREAM Ltd company have voted to wind up the company after disappointing turnout at an Extraordinary General meeting held earlier this week.

There was a disappointing turnout at the final meeting held in the community centre, with only eleven people present, including Cllr John Reid, Kenneth Gibson MSP, and members of the DREAM Committee who have worked hard to keep the company going.

The main item on the agenda was to decide the future of the company and given the circumstances, and the low turnout, the decision was quickly taken to hold a vote to wind up the company, which was passed by 16 votes to four, with one abstention.

Of the remaining cash in DREAM's accounts, £350 is to be repaid to the Blair Trust, which paid the money in the early stages of setting up the company, and the remaining cash will be given to Dalry Community Association after legal fees have been paid.

You can read the full minutes of the final meeting of DREAM here below.

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Minutes of the Extraordinary General Meeting of Dalry DREAM Ltd.
on Tuesday, 31st August, 2010 at 7.30 pm at Dalry Community Centre.

Agenda

1. Welcome
Present: Gordon Davidson, Mary Gemmell, Norrie Macfarlane, Anthony Hume, Aileen McDermott, Frances Gourlay, Cllr John Reid, Lina Borwick, Kenneth Gibson MSP, Brian Bowen

2. Apologies: Cllr Robert Barr, Ken McCracken, Margaret Donaldson, E. Maynard, Elizabeth Lamont, Mr. & Mrs. R. Hume, Eleanor McConnell, Mr. & Mrs. S. Paterson, K. McNab, Mrs. & Mrs. S. Smith

3. Where we are just now.

4. The way forward.

5. Any questions.

With such a disappointing attendance and the members present being familiar of progress the above 3 items on the agenda did not require further explanation. After discussion a vote was taken.

6. The vote.

7. The decision
There was a majority of 16 votes (7 votes in attendance & 9 postal votes) that Dalry DREAM Ltd should not continue, 4 votes (1 votes in attendance & 3 postal votes) that Dalry DREAM Ltd should continue and 1 abstained from voting.

8. Dependent on decision.
a) Appoint new office bearers. - not a requirement.
b) Wind up the company.
It was agreed to wind up the company and funds:-
To return £350 to the Blair Trust that was given to DREAM in the earlier stages of setting up the company.
To approach Ken McCracken, JRD Partnership on how we wind up the company and any accountancy fees due.

Enquire at Companies House and any fees for de-registration of the company.
After all fees have been paid it was agreed that the balance be given to Dalry Community Association as they have similar aims to meeting the needs of the community by providing hall space.

Everyone was thanked for all their hard work, help and support throughout.

9. Close of meeting.