 |
Riverton Community Housing |
|
Riverton Community Housing |
Riverton Annual Meeting Report
September 20, 2000
Members Present: Peter Easterlund*, Martha Hurr, Dave Rugg, Sara Cannon, May Prombutur*, Mike Mazzarella*, Jim Jones (NASCO staff) *Chateau Members on Riverton Board
Chateau Members Present: Ryan Albu, Changquan Calvin Sun, Kelly Ferrell, Kelly Flanagan, Thanaphong Saimek, Xin Chen, Reiping Huang
Marcy Park members Present: Steve Pothoff, Amol Kulkarmi, Sara Cannon
Riverton Staff Present: Valerie Aas, Gary Ellis, Amy Sun
7:00 p.m.
Call to Order of the meeting by President Peter Easterlund
Introductions of all in attendance
Overview of member cooperatives, new and old, by Martha
Valerie noted the Marshall board membership of six people, which represents the best participatory percentage of a cooperative on record
Gary mentioned plans to bring cooperative boards together
Jim noted that Riverton now houses approximately 750 people, making it one of the largest housing co-ops in the US
7:30 p.m.
Gary presented the Riverton annual report to the group, and presented the 2000 financial report on behalf of Steve Bradley who was unable to attend. He reported that the new co-ops are in good shape financially, and should be self-sustaining. The 2000 budget did not reflect the acquisition of Franklin, since the bonds on the purchase did not clear until July.
7:40 p.m.
Elections were held for the Riverton Board of Directors. Peter moved for a white ballot, Sara seconded and the motion passed unanimously. 10 Chateau members and 3 Marcy Park members voted.
7:45 p.m.
Martha asked for feedback from the various co-ops, and in response to the resulting question explained the relationship of Riverton to the various co-ops. She explained their leasehold status, Riverton’s non-profit status, and that the co-ops are separate entities but they have the right of first refusal should Riverton sell.
Mike explained the Board and committee structures of the existing co-ops.
Any Riverton documents are available via the web or the office.
Meeting Adjourned, 7:50 p.m.