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A
Good
afternoon
welcome
to
Pittsburgh
land
bank
Board
of
Directors
meeting
for
Friday
July
12
2009
teen.
Our
first
order
of
business
is
usually
the
roll
call.
Beth
Lee
will
be
here
a
bit,
but
we
can
move
to
public
comment.
Members
of
the
public
who
want
to
address
the
land
bank
can
come
for
it.
In
particular,
we're
asking
for
public
comment
around
the
property
reserve
and
so
those
who
are
interested
in
the
property
reserve.
Perhaps
some
statements
or
thoughts
about
it.
Please
come
for
it
first
speaker,
please,
first
speaker,
please
is
there
any
speakers
seeing
none?
B
A
Of
a
quorum,
thank
you
very
much.
I
want
to
first
of
all
congratulate
one
of
our
board
members,
diamante
Walker,
who
has
been
promoted
to
the
interim
deputy
director
of
the
ura,
and
she
will
by
then
a
month
actually
be
leading
that
organization,
and
so
we
are
we
are
we
are.
We
are
proud
of
her.
We
are
excited
for
her
and
we
are
grateful
to
have
her
obvious
expertise,
professionalism
and
insight.
As
a
member
of
this
board.
A
A
B
B
That's
part,
one
that
way
come
the
end
of
this
year,
depending
on
how
the
activities
and
the
planning
for
the
board
goes
for
the
rest
of
the
year.
They
can
then
consider
both
contracts
at
the
same
time
and
then
part
two
is
to
add
an
additional
set
of
services.
Irene
has
served
as
more
like
general
and
public
interest
counsel
for
the
land
bank
for
the
last
three
years
and
as
the
real
estate
activities
are
starting
to
ramp
up
that
we
have
need
of
some
more
specific
direct
real
estate
services.
B
So
a
small,
increased
Irene's
hourly
fee
specific
to
real
estate
services
is
the
second
part
of
the
addendum
to
the
agreement.
So
part
one
is
to
Co
terminate
on
December,
31st,
2019
and
part
two
is
to
add
real
estate
administrative
services
for
an
hourly
rate
of
one
hundred
and
fifty
dollars
an
hour
questions.
D
A
B
D
D
F
A
F
A
C
B
Members
of
this
board
have
participated
in
a
delegation
in
years
past
in
cities
like
Baltimore
and
I.
Think
Milwaukee.
Maybe
so
it's
time
once
again
and
registration
is
now
open.
The
dates
are
October
2nd
through
4th.
The
city
is
Atlanta
and,
as
this
board
thinks
about
participating
in
that
conference
and
or
in
the
past,
we
have
asked
other
other
delegates
to
come
with
us
that
from
the
community
other
stakeholders,
other
experts
that
we
may
want
to
participate
as
well.
D
B
Thank
You,
director
legarre,
so
I'm
you
have
in
your
packet
once
again
the
standard
monthly
reports,
budget
versus
actual
the
balance
sheet,
expend
your
due
date
expenditures.
So
not
a
lot
of
activity
the
same,
and
we
have
several
professional
services
contracts
open.
In
addition
to
miss
Clark,
we
have
our
website
designer
our
insurance
advisor,
so
monthly
activity.
What
was
minimal-
and
you
can
just
see
the
budget
versus
actual-
is
income
around
five
hundred
sixty
thousand
year
to
date,
expenditures
in
one
hundred
and
sixteen
thousand,
which
is
significantly
lower
than
originally
budgeted.
B
As
director
legger
reminds
us
that
we
put
together
an
aspirational
budget
for
the
year
to
make
sure
that
and
should
revenues
not
match
projected
activities.
Then
we
have
to
revise
and
relook
at
our
activities,
but
we
are
well
on
track
to
be
within
our
budgeted
revenue
for
the
year
in
terms
of
our
activities.
B
So
then,
if
you,
you
can
turn
to
your
balance
sheet
and
see
assets,
/
liabilities
and
then
finally,
the
expenditures
year-to-date
and
there
have
been
a
few
monthly
administrator
approved
expenditures,
and
then
the
we
have
two
months
worth
of
the
URA
x'
monthly
fee.
For
administrative
services
for
the
board
to
approve
today,
alright.
A
B
We
have
an
outstanding
contract
with
the
city
of
Pittsburgh,
that
is
a
reimbursement
contract,
so
we're
about
halfway
into
that
reimbursement
and
there's
about
another
I
think
$80,000
that
we
have
yet
to
bill
for,
and
we
probably
are
on
track
to
to
build.
For
the
rest.
We've
received
one
payment
earlier
in
the
year.
We've
now
accumulated
about
the
remaining
expenses
that
we
can
then
submit
other
than
that
no
I
have.
A
Good
news,
the
good
news
is,
as
of
today
to
to
243
metal
Street
is
in
the
pittsburgh
land
bank
ownership.
So
we
own
that
piece
of
property.
As
of
today.
Congratulations
we
own
it
now
this
resolution
for
us
to
sign,
for
me
I,
guess,
to
sign
a
resolution
of
lying
the
land
bank
to
acquire
property
through
bank
foreclosures.
That's
the
layman's
version
of
it.
Bethenny
we'll
give
you
the
more
formal
version
of
it
is.
E
So
what
you
have
in
front
of
you
is
a
resolution
to
participate
in
REO
real
estate
owned
acquisition
programs.
Reo
real
estate
owned,
refers
to
those
bank
owned
properties.
So
these
are
the
properties
that
the
bank's
out
there
have
foreclosed
on,
and
many
of
them
have
been
interested
in
unloading,
some
of
that
inventory
and
getting
into
relationships
and
partnerships
with
land
banks
and
other
community-based
organizations
to
transfer
these
properties
to
those
kinds
of
entities.
E
So
this
is
saying
that
the
Pittsburgh
land
bank
will
participate
in
those
programs
out
there,
and
one
of
them
is
mentioned
in
this
resolution.
The
national
community
trusts
stabilization
trusts
real
estate
owned
acquisition
program.
That's
one
program
out
there
that
we
have
applied
for
the
plb
and
we
don't
want
to
limit
ourselves
just
to
that
program.
So
this
is
setting
up
an
opportunity.
E
The
the
catch
is
and
the
reason
why
we're
doing
this
resolution
is
these
programs
give
very
very,
very
quick
opportunities
to
grab
these
properties
at
a
very
good
price,
often
donated,
but
it's
like
literally
a
48-hour
kind
of
turnaround.
So
this
would
empower
staff
to
be
able
to
quickly
grab
the
moment
and
seize
those
opportunities
and
roll
with
the
acquisition
of
these
REO
properties.
C
B
Of
these
either
individual
financial
institutions
that
have
their
own
inventories
or
the
Clearinghouse,
the
national
community
stabilization
trust
that
Irene
mentioned.
Those
fast
turnarounds
are
specifically
for
local
government
entities
and
nonprofit
community-based
entities
they're.
They
usually
refer
to
them
as
first-look
programs,
to
give
us
the
opportunity
to
capture
that
inventory
in
our
in
our
neighborhoods
and
in
our
communities
before
they
put
it
on
the
private
market,
so
being
able
to
deploy
and
be
as
flexible
as
possible
to
take
advantage
of
those
opportunities,
and
it's
not
a
100
percent.
B
If
the
opportunities
available
you
have
to
take
it.
So
much
is,
if
you
even
want
the
wants
them
to
send
you
the
opportunity
to
review.
So
there
is
a
review
process.
We
still
have
all
of
our
acquisition
review
criteria
that
are
in
place.
We
just
have
to
deploy
it
as
quickly
as
possible,
and
our
policies
and
procedures
already
allow
us
to
participate
in
these
programs,
but
the
sort
of
signatory
authority,
the
ability
to
make
the
decisions
that
would
then
be
ratified
by
the
board
or
the
executive
committee.
G
F
G
F
B
You
an
immediate
example:
they
sent
property
in
the
Troy
Hill
neighborhood
to
us
for
review
and
asked
us
to
review
it
by
the
end
of
the
week.
Luckily
it
was
the
July
4th
week,
so
we
were
able
to
squeeze
out
a
few
more
days
and
what
happens
is
we
go?
We
tour
the
property
we
sort
of
do
an
initial
vetting.
If
they
have
a
title
report
available,
they
provide
that
information.
B
They
provide
their
financial
package
so
either
what
it
would
cost,
or
sometimes,
if
it's
a
donation,
it
comes
with
a
small
amount
of
League
of
them,
sometimes
of
financial
support,
because
maybe
maybe
it's
a
structure,
but
our
plan
is
to
demolish
it.
They
might
provide
some
financial
resources
there.
B
They
don't
go
a
long
way,
but
every
little
bit
helps
and
then
we
indicate
we
say
yes,
we'd
like
to
take
the
next
step
and
the
next
step
just
buys
us
like
another
week.
So
then
we
go
in
with
our
engineers,
our
construction
staff,
to
do
a
further
deeper
analysis
in
terms
of
what
it
financially
could
cost.
But
from
start
to
finish,
it's
usually
about
a
two-week
window
as
Miss
Clark.
As
Irene
mentioned,
Robbie's.
B
G
B
G
B
Every
I'm
sure
every
bank
probably
has
their
own
inventory.
There
are
ways
we
can
produce
lists
using
sort
of
ownership
records
from
like
the
county,
for
example,
just
a
report
of
as
many
of
the
banks
and
financial
institutions
that
you
can
capture
the
stabilization
trust
program,
which
is
a
clearinghouse
for
ten
of
the
more
national
banks
like
that.
Don't
necessarily
a
physical
presence
here
like
Deutsche
Bank
u.s.
bank
JP,
Morgan
Chase.
B
C
G
B
Thank
you
and
I
should
mention
that
Wanda
Wilson
had
intended
to
be
here,
but
had
an
emergency
right
before
this
meeting
so
asked
me
to
provide
the
report
on
her
behalf
short
and
sweet.
The
committee
has
met
twice
now
and
has
a
timeline
is
on
well
on
track
to
meet
the
the
goal
and
the
what's
written
and
agreed
to
in
the
tripod
a
cooperation
agreement
of
December
31st
2019.
B
We
have
several
committee
members
here
today
and
the
timeline
or
the
work
plan
is
to
front-load
a
lot
of
the
work
to
have
draft
recommendations
to
be
provided
so
for
the
general
public
input
as
well
as
this
board
to
review
come
September
and
progress
is
good.
We
actually
had
another
meeting
yesterday
that
a
working
session
and
we'll
have
several
more
probably
take
advantage
of
the
opportunity
summer
summer,
break
in
August
August
break
for
a
lot
of
the
organizations
to
really
dig
in
and
get
a
lot
of.
The
work
done
can.
C
A
E
D
C
E
B
B
That
the
work
of
the
lam
bank,
specifically
access
to
the
inventory
and
access
to
be
able
to
meet
the
sort
of
for
the
public
to
interact
with
the
lam
bank
around
properties,
be
those
things
to
be
sort
of
highlighted,
lifted
out
front
and
center
on
the
webpage
that
there
be
resources
would
be
ample
opportunity
in
places
where
the
public
can
provide
comment
they
can
connect,
they
can
find
the
email
address.
They
can
find
the
list
of
properties,
they
can
submit
an
inquiry.
These
are
sort
of
all
of
the
priorities
of
the
committee.
B
We
have
several
committee
members
here,
so
I,
don't
know
if
you
they
wanted
to
add
anything.
But
overall
it's
a
pretty
straightforward
website.
It's
not
complicated
front
and
center
right
now
these
are
just
placeholder
properties.
You
will
see
243
meadow
and
a
couple
others
as
our
inventory
grows,
but
you
can
click
on
them
and
you
can
take
yourself
to
what
will
eventually
be
the
the
property
in
general.
Again
these
are
placeholders
but
it'll.
Take
you
to
the
online
component.
B
Where
you
can
get
more
information,
you
can
look
at
the
inventory
right
there
you
can
submit
forms.
You
can
contact
us
so
again.
It
is
really
straightforward.
It
has
a
a
clean
layout.
It
gives
all
the
board
and
the
staff
contact
information,
so
people
so
to
meet
the
goal
of
being
transparent
around
who,
who
is
the
lam
bank?
Who
are
the
people
in
charge?
Who
can
we
contact
and
the
the
major
functions?
A
B
F
F
It
also
exempts
land
banks
from
transfer
tax,
which
is
is
reiterated
when
you
have
those
transactions,
so
that
obviously,
is
is
a
good
thing.
It
also
expands
the
eligibility
of
the
criteria
of
the
neighborhood
assistance
program
to
include
locations
that
the
lien
were
lien
Bank
has
acquisition
so
that
that's
also
part
of
it.
F
There
was
a
question
about
inheritance
tax,
but
I,
don't
know
that
that
falls
in
here
or
not,
but
the
I
can
pass
it
all
along,
but
they
reformed
the
inheritance
tax
and
it
mends
to
eliminate
inheritance
act
for
children
21
years
of
age
and
under
they
eliminates
the
inheritance
tax.
So
we
passed
that
it's
in
Act,
13
of
2019
off
the
bat
I
want
to
you.
So
you
have
so
that's
all.
A
To
keep
us
apprised
of
state
stuff
and
to
be
our
advocate
on
the
state
level
I'm
going
to
make
two
announcements
and
then
call
for
a
motion
to
adjourn.
First
of
all,
there
will
be
no
meeting
in
August
we're
going
to
take
a
guess
recess.
Please
enjoy
yourself
again.
Mr.
legger
told
me
privately
he'll,
be
on
the
north
side
and
have
met
they'll
be
hosting
a
cookout.
At
the
same
time
of
the
next
meeting
so
view
her
hungry
I
were
on
the
9th
going
over
his
house,
he'll
be
cooking
out,
as
he
does
every
evening.
A
I'm
sure.
The
second
of
all
I
want
to
announce
that
I'm
going
to
asked
our
audiences
to
leave
fairly
quickly
we're
going
to
have
a
quick
executive
session.
I
think
we'll
just
meet
right
here.
It's
easy!
We're
already
here
we'll
have
the
executive
session
right
here
on
personnel
matters,
so
we're
going
to
have
a
5
to
10
minute
executive
session
right
after
this
meeting
on
personnel.
All
right
is
there
any
other
things
that
come
before
this
body.
D
Just
just
one
quickie,
which
I
didn't
think
of
until
after
we
passed
the
reo
stuff,
I'd
like
to
see
a
checklist
of
how
we
evaluate
the
properties
that
we
take
and
on
that
checklist.
I
would
like
to
assure
that
we're
not
evicting
anybody
and
we're
not
part
of
that
process
by
the
banks
to
throw
people
out
of
their
homes.