BVCLT Board Meeting
Date: June 18, 2009
Present:
Tina, Somerset-notes, Helen, Lexi, Julio, Joselyn, Julio Sr, Julio Jr, Michelle, Barbara, Lara,
Agenda:
LAUSD Update
Green Jobs update
Memorandum
Committee Updates:
Building a stronger board committee
Grant writer
Graphic designer
Speak with Ron, about training board members also….
Decide on broshure icons and branding. Get design details from Susie.
Proforma soliciting points for new board members, advisory board members
Register by July 6th the training on resale formulas see Helen.
Green Jobs update
The Grant that Michelle is working to land. Memo from the Mayors office some American recovery and investment act
Competitive grant for 1000 young adults funding faith based organizations.
The 2 million that the grant awards could go towards 3-4 centers.
The portion that Joscelyn and Michelle are applying for would be for 100000. For 50 students,
Business plan workshops,
LA conservation corp would be asked to colab. On this program.
If there is an industry that needs to be cited, then water conservation would be the focus.
What’s the follow up to the certificate business course.
Environmental health issues would be good to pursue as well as safe practices.
Their Proposal is: is BVCLT interested in collaborating/supporting with Joscelyn and Michelle on this program.
Most likely in the future after we’ve gotten some properties that we need to work on and coordinate contractors.
A motion was made by Lara: we partner in the grant proposal. We support of the idea, and hope they can contract with then in the future. Unanimous approved by the board
No concerns,
LAUSD. Site use.
Since the budget cuts we have not had good communication from them, as this is probably perceived as “small potatoes”
It should be in their interest to do this as it requires spending less money. It makes them look good and is a good photo and story op.
We need a celeb,
We want people to write letters to Monica Garcia, CC Eric Garcetti, and others,
We are looking to show that the timing of the white house place’s last class, the state DTS (contamination auditors) are in general comments stage, meaning it’s at it’s last stage soon. So we are the last hurtle for the parking lot to be done.
Michelle’s wonderful video will help get the word out. Please:
Write a letter,
Sign the petition
Does Virgil have a PTA we can contact. They have volunteer moms that run the afterschool center, they have been hesitant to support us.
Lara is pursuing speaking with the head of Joint use for this parking property.
Memorandum
The three elements we need to decide on:
-Property tax, assessments, insurance( this gets passed on to the residents most often as a separate fee
-Administrative costs- We are not going to spend a lot of time buying back shares to restrict the residents, we will be doing a minimum just making sure that people are under 60% of minimum, this will be a low fee. Most Community Land Trusts use this low admin costs to base the land use fee.
-land use fee, this is more ambiguous( the worth of the land to the residents)
for calculating the fee, speaking with experts, none have mentioned this element, maybe because it’s too difficult. The principle one one side we have to have the land as cheep as possible for the affordable housing, and on the other it has to have concrete value for the land trust.
$25 per unit is what is standard for the norcal comm. Land trust fees should not be value of the fair market value as it will be too high and not be affordable, BUT WE SHOULD KNOW IT. They calculate it based on their subjective approach, they base it on how the market should be. Theoretically we can do this, we can also consider the surrounding properties in relation to the value to the land. It has to be fair, reasonable.
It’s important to have a healthy fee, if we base the fee on the admin costs we won’t have any money to use for new properties.
This could send a great example in the CLT world and help reset the market value because of our healthy rate to base it off of .
The cost of housing should be no more than 1/3rd of some ones income, maybe base it off of housing costs in the 1930’s.
This way we can define the property values. This building was built in 1922 perhaps base it off of those values.
We don’t have admin costs,
Staffing is the most expensive costs, also training like managing finances. Property inspection. Regulatory/logistics,
WE NEED TO DEVELOP THIS AND PREPARE FOR THE EXPLANATION WHY IT IS THE WAY IT IS AT THE RETREAT IN JULY.
Email resume’s to Michelle