Present: Marlaine Noel, Matt Cullina, Michael Chazan, John Scott, Laura Travis, Sam Seidel, Richard Welch, Brian Jepson, Adeola Oredola, Kipp Bradford, Manny Vales

Absent with prior notice: Jonathan Bonner, Seth Price, Clay Rockefeller

Absent without prior notice: Pich Chhoeun, Kara Orr

Staff: Bert Crenca, Lucie Searle

1. Call to order: 6:10pm

2. Chair Report:

  Stacey Jordan has resigned from the board (has taken a job outside of providence)
  Keith Munslow has resigned from the board (other commitments at AS220)

  Matt made a motion to remove Peter Costa from the AS220 board. Michael Chazan
  will contact him regarding other possible involvement with the organization.
    Motioned: Matt
    Seconded: Michael
    So moved


3. AS220 at the Mercantile Block  

  Recommendation from the board:

    A concern arose regarding whether this project will tax our limits. Some
    board members mentioned that they have confidence that the staff will
    continue their introspection into their capabilities, but several board
    members asked that the board be kept up to date with their assessments and
    to let the board know what they can do to help optimize their capabilities.

  MOTION
    To authorize the AS220 Artistic Director to execute the above 
    referenced Purchase and Sales Agreement between AS220 and the 
    Mercantile Block Associates for the purchase of the Mercantile
    Block (Plat 25, Lot 170) at a price of $2,000,000 (2 million
    dollars).

    Motioned: Manny
    Seconded: Adeola
    Abstaining: Richard Welch
    SO MOVED

  MOTION: 

    To authorize a loan in an amount not to exceed $50,000 from
    AS220 to the Mercantile project to cover pre-development 
    expenses associated with the acquisition and re-development
    of the Mercantile Block.  

    Motioned: Manny
    Seconded: Kipp
    Abstaining: Richard Welch
    SO MOVED

4. Meeting Adjourned: 7:19pm

  Motioned: Matt
  Seconded: Kipp
  So moved