Tremont West Development Corporationnn

TREMONT WEST DEVELOPMENT CORPORATION
BOARD OF DIRECTORS
OCTOBER 19, 2006

Present: J. Boylan, S. Catania, B. Bergen, M. Leslie, C. Krosel, P. Pavarini, M. Hundt, S. Nagy, B. Blough, S. Smith

Excused: B. Riker, K. Moss, R. Vinci, N. Swerdlow, L. Murray

In the absence of President Vinci, S. Catania called the meeting to order at 6 p.m.

I. Minutes of September Meeting: S. Nagy moved to accept them; M. Leslie seconded. All voted in favor. (Bill Blough who came in later, asked that it be noted that he was excused from the September meeting.

II. Dialog with Councilman Cimperman

The Councilman stated that CDC's need to communicate and be collaborative. He cited the Duck Island dispute with RTA over land use as a case where CDC's could have been proactive. He noted that CBDG funding will be cut 35% cumulatively in the next five years. CDC's need to work together. Boards must initiate efforts. Contiguous territory could suggest natural partnerships.

Another challenge is Tremont's desirability as a restaurant location and problems of parking and the proliferation of liquor licenses and the overall impact on residents. Unrestricted development saturated and destroyed the Flats as an entertainment area. Neighbor residents and the councilman can discuss and advise on zoning issues. A councilman can approve or reject liquor licenses.

Jon Boylan cited our developing Master Plan. It is more general rather than designed to deal with a specific business. Can we ask Paul Volpe and his staff at City Architecture to analyze parking resources in the neighborhood and suggest possible solutions? M. Hundt suggested that city ordinances be used as guidelines. M. Leslie cautioned that we need to know what the residents think on particular issues and development plans. B. Blough pointed out that we need to be realistic; not all restaurants succeed. We need to gauge extent of problem.

It was suggested that a process be designed. New businesses or businesses that wish to expand, must meet with block clubs. Architects must provide plans and be able to answer questions that arise. Plans must include definite plans for parking including off-street or valet. A question arose regarding how and where valet drivers place cars.

III. Economic Development/Long Range Planning/Housing:

Model Blocks: Land Assembly team has acquired additional property. A discount for multiple driveway installations will save lower cost.

2406 Professor: All units are rented.

Brayton Townhomes-Exterior work finished, interior work has begun.

Clover Townhomes: Project delayed because developer has to complete some city requirements

Homeward/Lease Purchase-three units on sold; two on market

Hope VI -Valleyview --infrastructure work for rental units has begun. City Architecture has redesigned the for sale units to keep them affordable.

Gospel Press Building: roof work is being done

Scranton Village: CH is withdrawing as the developer. Four lots are left on Buhrer. Opportunity for TWDC to solicit co-developer for these. VCC is willing to loan TWDC $60,000 for purchase price. TWDC needs to send out RFQ for developer. Discussion re: particulars of project, financial risks, design-cost issues. It was decided to table the issue until further information is available. S. Catania stated that board members should receive all pertinent information regarding proposed development partnerships. We need to analyze and review material before we set the organization on a course of action. As directors, we are personally liable for the organization and we need to be responsible.

Tremont Commons: last units completed

Bergen Village - seven pre-sales; eight more units planned

Brevier Court: 49 units; 23 townhouses and 26 single homes. Meeting with Councilman and residents on 10-10

Riverside Landing: TWDC will consult with Flats Oxbox Association re: securing financing for developer.

McCreary -laswt two sold; work to began on West 7th location.

Strategic Plan - Completed plan will be presented at Annual Meeting if schedule is met.

III. Finance: J. Boylan said Finance Committee will meet prior to November Board Meeting to discuss audit.

S. Nagy moved to accept monthly financial statements; B. Blough seconded. All voted in favor except Sandy Smith who had not received her board packet.

IV. Fund-Raising: B. Riker and M. Hundt will contact major sponsors for reverse raffle prior to start of 2007. A date for the marketing committee will be set. Phil Pavarini asked that we consider brainstorming for new ideas and means to implement them.

V. Community Organizing: Please see Inside Tremont for updates

VI. Property Management: Situation stable

New Business:

I. Job Description for Fundraising and Marketing - very detailed. S. Catania suggested that tasks need to be prioritized.

II. Construction Manager John Tyna has left to accept new employment.
Discussion concerning how consistent we are at arranging farewells. M. Leslie suggested that the board needs to meet with present employees. She said that we muse praise outstanding performers. Scott Rosenstein worked very hard on the Arts and Cultural Festival. Should he receive two extra vacation days as a show of our appreciation.

III. Board Attendance: Discussion arose over definition of excused absences and unexcused absences and penalties for them. We have changed meeting times/dates on occasion and this caused difficulty for board members. Incoming board members must understand their commitment.

B. Blough moved to adjourn; S. Smith seconded. All voted in favor. Meeting adjourned at 7: 40 p.m.