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2005-11-14 SRA Annual Meeting MinutesSRA Minutes November 14, 2005 Page 1 of 2 MINUTES OF THE ANNUAL BOARD MEETING OF THE SALEM REDEVELOPMENT AUTHORITY HELD ON NOVEMBER 14, 2005 The Annual Meeting of the Salem Redevelopment Authority (SRA) Board was held in the third floor conference room at the City Hall Annex, 120 Washington Street, on Monday, November 14, 2005 at 6:00pm. Roll Call Chairman Michael Brennan called the meeting to order, and on roll call the following members were present: Michael Brennan, Conrad Baldini, Michael Connelly, Christine Sullivan, and Russell Vickers. Also present were Lynn Duncan, Executive Director, Tania Hartford, Economic Development Planner, and Debra Tucker, Clerk. Order of Business 1. Annual Report Lynn Duncan presented the Redevelopment Authority’s Annual Report for the fiscal year ending June 30, 2005. Ms. Duncan noted that the Authority had been involved in 43 years of revitalization. She indicated that her report included urban renewal and downtown core projects over the past year, the most significant of which was the old Salem Jail project. Other projects, both completed and underway, that were noted were: the old Police Station project, Derby Lofts, 289 Derby St., 10 Federal St., Bluestone Alley, Artists’ Row, Lappin Park, and a new Design Guidelines Manual. Work with the Design Review Board concerning signage and storefront improvements was also mentioned. Ms. Duncan also reported that there was one business loan made during the fiscal year and that there are 7 active loans and 26 jobs. Christine Sullivan was appointed to the boa rd. Mr. Vickers said that the report was well done and the board agreed. Mr. Connelly moved to accept the Redevelopment Authority’s annual Executive Director’s report as presented for the fiscal year ending June 30, 2005 as presented. Mr. Vickers second ed the motion, and the motion passed (5-0). Financial Report Ms. Duncan presented the Redevelopment Authority’s annual financial report for the fiscal year ending June 30, 2005. The board reviewed the report. Ms. Duncan explained the financial activity for the year with the majority of it related to the costs and deposits collected for the old Salem Jail project. Ms. Sullivan stated that she hoped that the Authority would look to other needs of the downtown, including possible improvements to the pedestrian mall. Ms. Duncan noted that the costs for the Jail project were significant and that she hopes to hire an Attorney experienced with this type of project. Mr. Baldini moved to accept the Redevelopment Authority’s financial report for the fiscal yea r ending June 30, 2005 as presented. Mr. Connelly seconded the motion, and the motion passed (5-0). SRA Minutes November 14, 2005 Page 2 of 2 2. Election of Officers Mr. Baldini moved that the following officers be elected for a one year term: Chair Michael Brennan Vice Chair Russell Vickers Treasurer Michael Connelly Mr. Vickers seconded the motion, and the motion passed (5-0). 3. Approval of 2006 Meeting Schedule Ms. Duncan presented the 2006 meeting schedule for approval. Ms. Sullivan moved that the 2006 meeting schedule be approved as presented. Mr. Connelly seconded the motion, and the motion passed (5-0). 4. Adjournment There being no further business, Mr. Vickers moved that the meeting be adjourned. Mr. Connelly seconded the motion, and the motion passed (5-0). Meeting stands adjourned. Respectfully submitted, Debra Tucker Clerk