Back

Directors in attendance: Greg Huth, Lynea Derwis, T. J. Lewarchick, Ed Pryll Jr., Dave Lawhun, Theresa Martin, Alice Ratka, Bruce Page, Dane Reich, John Jenkins, and Terrell Cole.

Staff: Robyn Sandys

Guest: Frank Ford - Representing Neighborhood Progress, Inc. (NPI)

Greg Huth called the meeting to order at 6:00 pm. The minutes were approved for January 2009.

Mr. Frank Ford was introduced to Board Representing NPI. He handed out worksheets to be done by the Board concerning the role the board in relationship to staff and the executive director as well as the community/membership. It was an exercise that all participated in. He also presented a study/statistics concerning foreclosures and loans at risk in our service area. A discussion ensued by members on how to prepare owners, landlords, and even renters to recognize problems. If anyone has questions, his phone # is 216-830-2770 ext. 218.

The financial report was presented by T. J. Lewarchick. A question and answer session followed. Questions were resolved. A motion was made by Lynea Derwis to accept the Treasurer’s report and second by Alice Ratka. Motion approved.

Executive Director Report:

Foreclosed Properties:
Robyn Sandys informed the board of four HUD properties had become available to purchase for a reserve bid of one hundred dollars ($100.00). She and Dave Fox, our real estate manager, had investigated all properties and found one worthwhile to put our reserve on. Dave Lawhun made a motion to allow Executive Director up to five hundred dollars ($500.00) to spend towards properties. Motion was seconded by John Jenkins. Motion approved.

The Executive Director created and handed out a housing rehab business plan that was briefly reviewed last month. There are many answers to Board member’s questions in the plan and it covers a variety of scenarios. She also mentioned that she met with a representative from Key Bank along with Theresa Martin our board member from Key Bank about an application for a residential program line of credit. They will accept an application from OBCDC that will include financial information as well as a copy of the business plan. The plan was accepted by the board with approval to provide to Key Bank.

One other major discussion was concerning the redistricting and boundary change due to City Council downsizing. This could have a major effect on the community, OBCDC, and other organizations as well.

Dane Reich made a motion to adjourn. Seconded by Terrell Cole. Motion approved.

Meeting was adjourned at 8:30 pm.