MEETING MINUTES - APRIL 2019
To: Board of Directors
From: Allison Cappella
Re: April Board Meeting Minutes
Date: April 2, 2019
A. Organizational Matters
I. Call meeting to order—Meeting called to order at 3:00 pm
II. Attendance
Board Members Present:
Ali Church
Lisa Daily
Joe Donat
Paul Halayko
Andrei Niles
David Potack
Others Present:
Allison Cappella
Burke Blackman
Amy Blair
David Rothman via Telephone
III. FY2020 PARIS Budget – A. Cappella presented the draft FY2020 PARIS budget. D. Potack made a motion to approve the budget, and A. Church seconded the motion. All approved, none opposed.
B. Property Related Matters
I. Extensions
a. 17 Dubois, 9 & 12 S Miller St. – B. Blackman provided an update on the purchaser’s progress at these three properties. All three are expected to be complete by mid-August 2019. D. Potack made a motion to give an extension of time to obtain Certificate of Occupancy through July 15, subject to additional site visits and a progess report at the May 20 board meeting. P. Halayko seconded the motion. All approved, none opposed.
b. 61 Liberty St. – B. Blackman provided an update on the purchaser’s progress. With the May 16 deadline for Certificate of Occupancy coming up, purchaser will be requesting an extension at the May 20 board meeting. In order to grant an extension, the board would like purchaser to provide a property maintenance plan and proof of funding, plans, names of contractors, and estimates.
c. 96 Broadway - B. Blackman provided an update on the purchaser’s progress. Construction is approximately 75% completed. P. Halayko made a motion to extend the deadline for a Certificate of Occupancy to the July 15 board meeting, subject to a progress report at the May 20 board meeting. A. Church seconded the motion. All approved, none opposed.
d. 143 Washington St. – B. Blackman provided an update on the purchaser’s progress. Purchaser has until April 22 to complete the three requirements for extension requested by the board and has indicated he intends to do so.
II. Acquisitions—27 & 41 Johnston, 140 Chambers: A. Cappella discussed NCLB’s opportunity to acquire 3 properties from the City and gave an overview of their intended uses in NCLB’s current work plan. P. Halayko made a motion to move forward with acquisition. A. Niles seconded the motion. All approved, none opposed.
III. Status of Market Acquisition - 57 Lander: A. Cappella updated that at the last Board Meeting the Board approved acquisition of this property via private sale. NCLB obtained an appraisal and engineering report but our purchase bid was not high enough and we will not obtain it.
IV. Recent Closing
a. Per Board request, B. Blackman skipped ahead on agenda to recent closing of 10 Dubois, a side lot which closed last week for $5,000 purchase price.
EXECUTIVE SESSION at the call of the Chair. L. Daly made a motion to enter executive session for attorney consultation with regard to proposed, pending or current litigation and for discussion of employment-related matters. A. Niles seconded the motion. All approved, none opposed.
Board returned from Executive session. A. Church moved to authorize the Executive Director to pursue any necessary legal action to enforce the deed reverters which are active due to expired project deadlines and/or noncompliance with owner-occupancy requirements. D. Potack seconded the motion. All approved, none opposed.
Joe Donat left the meeting at 4:00 pm.
IV. Status of MLS Listing - 419 Carpenter: The Board reviewed purchase offers obtained for this property through recent MLS listing with broker. D. Potack made a motion to accept the bid of Rafiq Majeed to purchase 419 Carpenter based on his rehab experience, status as a local business owner, and competitive bid and realistic rehab budget. A. Church seconded the motion. All approved, none opposed.
Next regular meeting: May 20, 2019
Meeting adjourned at 5:00 pm.