BOARD OF DIRECTORS MEETING MINUTES May 18, 2022

BOARD OF DIRECTORS MEETING MINUTES 

May 18, 2022

A. Organizational Matters

I.               Call meeting to order – Meeting called to order at 11:35 a.m. by D. Potack

II.              Attendance –A. Church, L. Daily, A. Ivor Hall, A. Niles, R. Monteverde, , A. Niles; A. Morales, D. Potack , J. Surace.  Others: A. Filosa, E. Talbott, J. Welles, C. Elden. Absent: D. Chafizadeh; L. Daily.

III.            Review & Approval of April 2022 Minutes – J. Surace made a motion to approve the minutes. A. Church seconded it. All approved via roll call, none opposed.

IV.            Review & Approval of Financial Reports: April 2022- A. Church made a Motion to approve Financial Reports, A. Morales seconded it. All approved via roll call, none opposed. 

V.             Fundraising Committee reports – The Fundraising Committee had a zoom call on May 8th with two colleagues of A. Church who are fundraising professionals and are working pro bono: one works in International human rights org, the other in a non-profit in institutional giving; Set a goal of 100k for the first year.  Discussed funding from M&T Bank; discussed potential block party, walk, ribbon cutting at completed 27 and 43 Johnston Street buildings this summer with Rhinebeck Bank and other fundraising initiatives.

VI.            Review of Draft RFP for Legal Services – J. Welles states respondents can apply for all or some of the legal services: areas are real estate; corporate counsel and litigation. Opening up the application process and will be sending to local attorneys and one interested in Orange County; J. Welles will follow up.

B. Property Related Matters

I.    New development/in progress: 

1.     House to Home update:  

i.  27 and 43 Johnston: in contract update by Executive Director J. Welles: In contract on both buildings.

ii.150 Lander, 115 Lander – update: Executive Director J. Welles stated that there is an anticipated date of completJuly 2022.  There was an information session for prospective buyers on April 28 at our office. Eileen Clifford from Pathstone was present and it was a well -informed training that will be put on Facebook live later on. Got a lot of interest from attendees. Will hold open houses in the future.

iii.             Legacy Cities funding for 6 properties updates –Executive Director J. Welles reported doing value engineering to reduce costs; working with co-developer and Architect to bring the numbers down and to reduce overhead; Going to zoning Board and to the ARC for predevelopment process. 

II.              Sales of NCLB Development Projects:

1.     128 Dubois Street – Executive Director J. Welles stated that 128 Dubois – RFA due May 13th– update. There were no viable applications. NCLB will be opening up this process again. 

2.     34 and 38 Lander Street – there were two applicants that were viable. Will review at the next Board Meeting for all to approve. 

C.  Other

Executive Director states that NCLB received 10k from a Charitable Trust donation as well as 5k in donation from Ulster Community Bank. 

D.  Executive Session: None 

E.  Meeting Adjourned A. Church makes a motion to adjourn the meeting and D. Potack seconds the motion.  The meeting adjourned at 12:30 p.m.   Next Board Meeting: June 15, 2022, 11:30 a.m. to be held in person at 15 Chambers St.