Minutes of the Board of Directors

Lumber City Development Corporation 

January 25, 2011

500 Wheatfield Street

North Tonawanda, NY  14120

 

The meeting of the Lumber City Development Corporation (LCDC) was called to order at 6:00 pm by Chairman Taylor at 500 Wheatfield Street, North Tonawanda, NY.  The following Directors were present:

 

Douglas Taylor Nick Maniccia  Bob Miller  Joe Fonzi  Rob Ortt Dave Guido

Dave Gross   Garry Krause    Andrea Moreau  Ed Janulionis   Rich Andres (6:45pm)

                      Community Development Director James Sullivan

Absent:           Joe Miranto, Joe McMahon, Gary Przewozny

           

Minutes Review

The minutes from the November 16, 2011 board meeting were included in the package and the Board took a few minutes to review them.  As there were no questions or clarifications:

 

Resolution:      Moved by Director Gross,

That the Board of Directors approves the minutes of the November 16, 2011 meeting.

                        Seconded by Director Moreau and unanimously approved.

 

Treasurer's Reports

Director Moreau presented and reviewed the reports for November and December, 2011. The total ending balance for all accounts as of December 31, 2011 was $605,008.45.

 

Resolution:      Moved by Director Ortt,

That a motion be made for the November and December, 2011 reports presented is approved and accepted.

                                    Seconded by Director Guido and unanimously approved.

Committee Reports:

Marketing:     A meeting was held on January 18, 2012. Minutes from the meeting were distributed to the board.

Resolution:      Moved by Director Moreau,

                       

That a motion be made to spend $1,500.00 towards a Chamber of Commerce (bronze) sponsorship.

Seconded by Director Guido and unanimously approved.

Resolution:      Moved by Director Moreau,

                       

That a motion be made to place an advertisement in the NT Business Directory ($600) and the Business First Brochure ($2,895) as were placed in the 2011 issues.

Seconded by Director Guido and unanimously approved.

Finance/Loan: A meeting was held on January 19, 2012. Minutes from the meeting were distributed to the board.

Resolution:      Moved by Director Gross,

                       

That a motion be made to approve a $7,000.00 extension in Microenterprise funds to the Canalside Creamery subject to acceptable business plan and meeting criteria of Microenterprise business loan.

Seconded by Director Krause and unanimously approved.

Resolution:      Moved by Director Gross,

                       

That a motion be made to approve a $20,000 Microenterprise Grant to Sweet Angels Daycare subject to final business plan detailing timing and ability to meet demands and confirmation of IDA approval and copyrights to product.

Seconded by Director Guido and unanimously approved.

Resolution:      Moved by Director Gross,

                       

That a motion be made to approve a $35,000 Microenterprise Grant to Beach Bright, subject to Beach Bright submitting the following to the finance committee; Revised Business Plan, including inventory details, details on intellectual property rights, and confirmation of the Niagara County Microenterprise Loan.

Seconded by Director Guido and unanimously approved.

 

Projects:        A meeting was held on January 18, 2012. Minutes from the meeting were distributed to the board.

Resolution:      Moved by Director Gross,

                       

That a motion be made to approve an agreement with DCS Consulting for construction management pertaining to 80 Webster Street at a rate of $50/hour not to exceed 30 hours.

Seconded by Director Miller and unanimously approved.

           

Resolution:      Moved by Director Andres,

                       

That a motion be made to approve an agreement with Upstate Consultants to assist the LCDC with planning and facilitating grants and incentives at $100/hour on a on-call basis with a contract that can be terminated at any time by the Corporation.

Seconded by Director Gross and unanimously approved.

 

Personnel:     There was no previous Personnel committee meeting.

Resolution:      Moved by Director Andres,

                       

That a motion be made to authorize the Personnel Committee to establish a simple retirement plan and complete the Employee Handbook.

Seconded by Director Moreau and unanimously approved.

                       

Old Business:            

Joy Kuebler Architects- Joy has not moved forward with moving her business into the Remington Lofts and has returned funds that were approved through the Microenterprise Grant to the LCDC. Joy is in the process of having her current location zoning changed to allow her business to continue in the current location.

 

New Business: 

a.       Remington Tavern Grant Agreement, Microenterprise Grant Agreement.

Resolution:      Moved by Director Ortt,

                       

That a motion be made to facilitate required agreements pertaining to the CDBG funding for  the Remington Tavern project and the Microenterprise grant program between the City of North Tonawanda and LCDC in terms of transfer of funding and administration.

Seconded by Director Janulionis and unanimously approved.

Resolution:      Moved by Director Gross,

                       

That a motion be made to approve the contract with Toski Associates for audit services for the year ending December 31, 2011.

Seconded by Director Moreau and unanimously approved.

                                   

There being no further business, a motion was made by Director Gross to adjourn at 7:45 pm.  Seconded by Director Moreau and unanimously approved.

 

Respectfully submitted,

 

Secretary, LCDC

January 25, 2012