Riverton Community Housing

Present: Peter Easterlund, Gary Ellis, Chris Goodwin, Steve Bradley, Mike Mazzarella, Valerie Aas, May Prombutr, Julien Kubesh, Alex Volinsky.
Meeting called to order at 5:15

Martha introduced Julien and May. She had lunch with them and they are interested in joining the Board.

Gary informed the Board that the closing on the property at 1405 5th Street SE would be tomorrow. Riverton had signed off on a North Country loan that will be used, with cash, to purchase the property. Within the next few months, bonds will be issued to repay the loan and cash reserves. The loan is for up to one year, but the bonds should be issued within 2-3 months.
Martha made a motion to authorize issuing the bonds. Peter seconded. The motion passed.

The Board retreat will be held at the Northland Inn on January 29 from 8-5. Packets with information will be out by the 19th.
The Board reviewed the progress of the strategic plan.

Val noted that the new property needs a name. The maintenance staff has taken to calling it "Hollywood". The Board considered names such as Kigawa, Marshall, Dinkytown, and Paul Merrill. The Board decided to defer the decision to the retreat.

Peter reported that the Chateau ethernet wiring is underway.
Val reported that the Marcy Park retreat in on January 22.

Val asked for feedback about the Riverton website. Everyone was asked to review the site before the retreat.

The budget and minutes of the December meeting were reviewed and approved.

Martha made a motion to accept Julien and May onto the Board. The motion passed.

Meeting minutes prepared by Peter Easterlund.

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