MEETING MINUTES - OCTOBER 2015

MINUTES

BOARD OF DIRECTORS MEETING
OCTOBER 21, 2015

I. CALL MEETING TO ORDER

Lisa Daily called the meeting to order at 4:00pm

II. ATTENDANCE

Board Members Present:

Lisa Daily
Deirdre Glenn
Karen Mejia
Kevin White
Joe Surace
David Potack
Paul Halayko
Fred Visconti

Board Members Absent:

Andre Niles
Robert Ingram
Michael Ciaravino                                 

III. APPROVE September2015 MEETING MINUTES

Resolution: Deirdre Glenn moves to approve September 16, 2015 meeting minutes as presented.
Second: David PotackVote: Favor: ALLOpposed:---

IV.ORGANIZATIONAL MATTERS

a.     Monthly Financial Report

Resolution: Paul Halayko moves to approve monthly financial report as presented.
Second: Karen Mejia  Vote: Favor: ALLOpposed:---

 b.     FY 2015 Audit Review:

Discussion: Collateralization; two signatures on Procurement Policy. Have to establish a real appropriate threshold, Paul Halayko suggested that we look at the books and sort all cash transactions by amount to better adjust threshold.

c.     Board Membership: The NCLB needs a new board member. Members of the board suggested someone from the real estate field/resident.

d.     Board Officers:

Resolution:  Deirdre Glenn moves to elect slate as is.

Second: David Potack
Vote: Favor: ALLOpposed:---

e.     Committees- Audit, Finance, Others?

Discussion: the Board will form and audit committees towards the end of the fiscal year, the committee will work with Land Bank staff to prepare all of the documents for the auditors.

V. DISPOSITION PROPOSALS/PROJECT PROPOSALS/PROPERTY UPDATES

a.     Leviticus Fund Bridge Loan- Central Hudson Project Update

Resolution:  David Potack moves to authorize Executive Director to execute necessary documents to borrow a $250,000 bridge loan for the purposes of implementing the Central Hudson Main Street Revitalization Project.
Second: Fred Visonti

Vote: Favor: ALLOpposed:---

b.     Bid Review and Contractor Selection Committee:

Resolution: Fred Visconti moves to enter a contract with Affordable Housing Concepts for the Phase I façade renovation and stabilization project at 96 Broadway. 

Second: David Potack
Vote: Favor: ALLOpposed:---

Discussion: 157 Grand, purchaser is Winston Ragle, Board members want to know how the total square footage for each project. 37 South Miller Phase 2 removal asbestos in roof: chose prestige because they have a certification for asbestos removal.

c. Proposed plan to establish a Qualified Contractor List for the purposes of more efficiently accomplishing the abatement and stabilization goals of the Land Bank and its purchasers

1. Solicit proposals for qualified contractors in the following areas:

Asbestos Abatement
Lead Abatement
Roofing
Masonry
General Contracting

2. Authorize Executive Director to solicits proposals from and/or enter into contracts for up to $100,000 for contractors on the Qualified Contractor List with recommendations from the contracting committee.

d.     Other contracts:  37 S Miller St; 61 Liberty St WH; 157 Grand St Roof Replacements.

Resolution:  Paul Halayko moves to……
Second: Vote: Favor: ALLOpposed:---

e.     82 Liberty St WH – Proposal for sale to Andre Guimond & Christina Zamarripa. 

Resolution:  David Potack   moves  to approve
Second:  Paul Halayko Vote: Favor: ALLOpposed:---

VI.            Other Business:

a.  42, 44, 46 South Miller :

Discussion: these three attached brick row buildings are in bad shape and have been vacant for a very long time.

VII.          NEXT MEETING

December 9, 2015 (4:00 pm-5:30 pm). 

VIII. MEETING ADJOURNMENT:

Meeting adjorned at 5:30 pm