Troy Capital Resource Corporation
Regular MeetingTroy, NY · November 16, 2018
Minutes
November 16, 2018
10:00 AM
Board Meeting
Minutes
Present: Kevin O’Bryan, Hon. Mark McGrath, Steve Strichman, Paul Carroll, Lou Anthony, Brian
Carroll, Tina Urzan and Hon. Anasha Cummings
Absent: Susan Farrell and Bill Strang
Also in attendance: Justin Miller, Esq., MaryEllen Flores, Deanna Dal Pos, Heidi Knoblauch,
Luke Nathan, John Hodorowski, Dylan Turek and Denee Zeigler.
The Vice Chairman called the regular board meeting to order at 10:15 a.m.
I. Executive Director’s Report
Monument Square – Mr. Strichman advised that he would like to come back next
month for a funding request and discussion on Monument Square. He explained a
design charrette was done for the site. We have two funding sources; one for the
redevelopment of monument square and one for the esplanade. Mr. Strichman
noted that we have funds in house for a match of the redevelopment of monument
square, but the esplanade has no match. He advised that both grants expire at the
end of 2019. Mr. Strichman noted that he would like to spend down a portion of
the esplanade grant before the year is up. Brian Carroll asked if spending will help
to extend the grant. Mr. Strichman said yes.
II. Financials
Ms. Flores presented the financials to the board members. She advised that there
is $427,000 in assets and $427,000 in equity. The board noted that we will work to
come up with projects to do that fit within our mission.
Hon. Mark McGrath made a motion to accept the CRC financials are
presented.
Brian Carroll seconded the motion, motion carried.
III. Adjournment
With no other items to discuss, the regular board meeting of the CRC was adjourned at
10:19 a.m.
Tina Urzan made a motion to adjourn the CRC regular board meeting.
Paul Carroll seconded the motion, motion carried.
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Agenda
Chairman Board Members
Kevin O’Bryan Paul Carroll
Louis Anthony
Vice‐Chair Tina Urzan
Brian Carroll
Susan Farrell
BOARD OF DIRECTORS MEETING Hon. Anasha Cummings
Executive Director November 16, 2018
Steven Strichman Hon. Mark McGrath
10:00 a.m.
Bill Strang
Planning Department Conference Room
City Hall
AGENDA
I. Approval of Minutes from the October 19, 2018 board meetings.
II. Executive Director’s Report
III. Financials
IV. New Business
V. Old Business
VI. Adjournment
City Hall – 433 River Street, Suite 5001, Troy, New York 12180
Phone: 518.279.7166
October 19, 2018
10:30 AM
Board Meeting
Minutes
Present: Kevin O’Bryan, Hon. Mark McGrath, Steve Strichman, Paul Carroll, Lou Anthony, Brian
Carroll, Tina Urzan, Susan Farrell, Hon. Anasha Cummings and Bill Strang
Absent:
Also in attendance: Justin Miller, Esq., MaryEllen Flores, Deanna Dal Pos, Heidi Knoblauch,
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Sharon Martin, Bill Flannigan, Luke Nathan, John Hodorowski and Denee Zeigler.
I. Minutes
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The board reviewed the minutes from August 10, 2018 board meetings.
Brian Carroll made a motion to approve the minutes from the
August 10, 2018 meeting.
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Paul Carroll seconded the motion, motion carried.
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The board adjourned the CRC regular board meeting to convene the CRC audit and
finance meeting at 10:32.
Hon. Mark McGrath made a motion to adjourn the CRC regular
board meeting and convene as the CRC audit and finance meeting.
Paul Carroll seconded the motion, motion carried.
Lou Anthony made a motion to adjourn the CRC audit and finance
committee meeting and convene the CRC regular board meeting at
10:34 a.m.
Bill Strang seconded the motion, motion carried.
II. Financials
Ms. Flores presented the financials to the board members. She advised that there
is $428,000 in assets and $428,000 in equity. The board noted that we will work to
come up with projects to do that fit within our mission.
Hon. Mark McGrath made a motion to accept the CRC financials are
presented.
Brian Carroll seconded the motion, motion carried.
III. Budget
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Mr. Strichman advised that the budget discussed in the CRC audit and finance
committee will need to be adopted by this board.
Hon. Anasha Cummings made a motion to adopt the 2019 CRC
budget.
Brian Carroll seconded the motion, motion carried.
IV. Adjournment
With no other items to discuss, the regular board meeting of the CRC was adjourned at
10:36 a.m.
Brian Carroll made a motion to adjourn the CRC regular board meeting.
Paul Carroll seconded the motion, motion carried.
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