I have the REI Men's Ranier jacket and I love it. I found last year's color in the Clearance section of the site and paid somewhere between $30-35. Pit zips, hood easily tucks away if not needed, relatively lightweight, and makes a great wind shell as well.
At the current $90 regular, it still falls under your budget.
“Between every two pine trees there is a door leading to a new way of life.” (John Muir)
one or more gifts or other benefits from the co-op.