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MINUTES AS220 Board of Directors Meeting 1997/10/21
Members absent: Staff present: (1) Call to OrderLucie Searle called the meeting to order.(2) Secretary's BusinessOn a motion by Steve Durkee, seconded by John Kelly, the board unanimously VOTED to approve the minutes of the meeting of 1997/09/09. (3) Financial CommitteeShawn reported that our RISCA grant came in today, and the City's payment for our Web services is due next week. Bert reported that the AS220/Spot joint proposal to the Convention & Visitors Bureau (CVB) was rejected and another vendor received the contract; however, the CVB's new contractor is not providing the amount of content that AS220 had. AS220 probably will agree to provide content for the CVB Web site (for as generous a fee as possible, of course). It was noted that one of our institutional tenants is behind on rent again. After some discussion about recurring problems with this issue, the board named Jay Coogan, Steve Durkee, and John Kelly a committee to study leases and rents, determine if and what any changes need to be made (including possible rent increases), and report back to the board at the January meeting. (4) Selection CommitteeLaura Travis and David Newton reported on proceedings of the Selection Committee. Five applicants were interviewed to fill two vacancies upcoming on the third floor. Two applicants were selected and one was wait-listed. Laura and David acknowledged the outstanding participation of Lane Myer from RISD on the selection panel, and by consensus the board directed that its thanks be conveyed to Lane Myer for his services.(5) AS2000 ReportAfter Lucie announced that the Lederer-Packard Building (i.e., 202-06 Washington Street) would be the next topic for consideration, John Kelly and Steve Durkee offered to leave the meeting, since they may participate or have an interest in a proposal that may be prepared by another developer. The chair and artistic director, with the concurrence of the board, indicated that they had no reservations about Messrs. Kelly and Durkee remaining at the meeting, and that they valued their input on the matter to be discussed.Lucie reported on behalf of the committee previously delegated to investigate the possibility of submitting a proposal for AS220 to acquire and develop the Lederer-Packard Building. The City intends to sell the building for a minimum of $250,000. Citizens Bank very much wants to lease the first floor and basement and has provided the committee with a letter of intent and term sheet. The committee has invited architects Barbara Macaulay and Bob Hogan and the Stone Company to help prepare the architectural and construction sections, respectively, of the proposed proposal. It is estimated that rehab of the Lederer-Packard Building will amount to $575,000, of which $125,000 cannot be financed; that money will have to be raised in another manner. A long discussion about money-raising ensued. On a motion by Robert O. Jones, seconded by Eric Suggs, the board VOTED to authorize the committee delegated to study the City's RFP for the Lederer-Packard Building to prepare and submit a proposal for acquisition and development of the Lederer-Packard Building on behalf of AS220. The vote was unanimous except for Steve Durkee and John Kelly, who abstained from voting on the matter. Lucie suggested that a Campaign Think Tank be immediately formed to brainstorm how to go about raising the funding we will need to implement our monumental schemes. Norma Anderson, Jim Pfeiffer, and Laura Travis volunteered for the committee, and John Kelly and Manny Vales agreed to be consultants to the committee. The committee scheduled a meeting at AS220 on Sunday 11/09 at 3 PM. Bert reported that there was an all-building dinner planned for Sunday 10/26 at 2 PM to introduce our tenants and residents to the plans for AS2000 and to invite them to participate. He invited any and all board members to attend. (6) AdjournmentOn a motion by Steve Durkee, seconded by John Kelly, the board unanimouslyVOTED to adjourn the meeting.
AS220 Board of Directors Meeting -- 1997/10/21 page 3
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