However, that has again been rejected by Mr Brosnan and Mrs Spite - Mr Brosnan pointing out he was the highest polling candidate in last year's election which showed the support of the community.
The pressure comes after the trust recorded a loss of almost $1.5 million for the 2010-11financial year, which led to the Waitaki Citizens and Ratepayers group last week calling for Mr Brosnan and Mrs Spite to resign.
Mr Monks was first elected to the board in last October's local body elections, standing in a bid to tighten up the trust's decision-making and save what was left of the community-owned asset.
"I believe I have achieved some successes with the return of the management and accounting services to Oamaru," he said.
That administration had been under contract to the Ashburton Licensing Trust, but last month the Oamaru trust appointed Carey Lister as general manager. Despite improvements made with Mr Lister's appointment, Mr Monks still had serious concerns for the trust's future.
He pointed to a board decision three to four years ago to borrow heavily to undertake the $3 million Northstar development, placing "a heavy and unnecessary financial burden" on the trust - one it would struggle to recover from.
"These decisions have led to significant losses and placed the trust in a very precarious position. I believe the trustees responsible for these decisions should be held accountable." He was concerned trustees could only be held to account at election time and felt the 2013 elections may be too late.
"It will take brave community-minded people to board the trust in its current position but I feel it can be saved. I do not believe that it is appropriate that trustees who have been responsible for decisions that have led to the significant losses in the past three years should remain in control." It was time for some long-serving board members to pass the baton and allow for an injection of new blood.
Mr Monks said a by-election would be a small price to pay considering the trust's losses.
It was also inappropriate to continue electing two trustees - Mrs Spite (Corriedale) and Waihemo's Ken Brown - representing wards that no longer had trust assets.
He encouraged people to attend the trust's annual meeting tomorrow at the Northstar Tavern.
Mr Brosnan said Mr Monks was "totally out of line" and he questioned the validity of his claim, particularly in terms of the new management contract.
'This [Mr Monks'] action is of no benefit to the trust and I question his motives. It is unacceptable and totally outside his trust's responsibilities," he said.
The trust was making good progress so far this financial year with great management and staff, but the media was not the place to resolve the issues the trust was facing.
The last by-election held by the trust cost $25,000, and two by-elections would be needed if the resignation calls were heeded, Mr Brosnan said.
The five trustees on the board are Mr Brosnan, Mr Monks and Peter Garvan (Oamaru ward), Mrs Spite and Mr Brown.
