KOREATOWN OAKLAND Koreatown Northgate Community Benefit District Board of Directors Meeting Office, 2633 Telegraph Avenue # 107

December 14, 2011- 4:30 p.m. Present: Phil Porter, Keun Bae Yoo, Sheila Katz, , Jack Beallo, Alex Hahn, Monrelle Williams, Neelam Lata (7). Staff: Marco Li Mandri, Shari Godinez Guest: Ada Chan (City of Oakland), 2 guests Magnolia Wellness Center, CC (Cecelia Clark), Suk Hee Yoo, Kyle Franklin

Subject

Discussion

Action

1. Introductions Call to Order 2. Public Comments Announcements 3. Approval of Minutes for: Nov 9, 2011 4. Review financial report and Adopt new budget for 2012 Holiday party announced. Sheila announced that the future minutes will be slightly more condensed. There were no corrections to the minutes. All approved. Reviewed the 2011 financials year to date and the new 2012 budget proposal. Phil stated that we now have our security and maintenance costs in our base budget and no longer supplemented with reserve money. This allows us to use our reserve money for specific projects. Motion to adopt the 2012 budget by Jack Beallo, Neelam Lata seconded the motion; all approved; no abstentions. Marco discussed the major changes in the bylaws: A (Article VII sect 1e) defines term property owner and now states that they need to be current on their assessment payments and owe no previous payments in order to serve on the Board. B (Article VII section 2 b) changed the timeline to 45 days (previously 60 days) for meeting notice and solicitations of nominations to the Board and the nominations must be received 14 days before the annual election meeting and still allowing the option to nominate people from the floor if needed. C (Article VIII section 1 a) changed the number of Directors to a minimum of five and not more than twenty-five as long as it is an odd number (previously at least 7 but no more than 13). D (Article VIII Section 1 b2) a minimum of two-thirds 2/3 shall be property owner directors within the district. (previously 70% assesses 20% community residents or civic leaders, one business licensee within the district). E (Article VIII Section 1b3) all remaining Directors shall be Community Directors and at least one should be (previously shall be) a non-property owning Business Tenant. This allows flexibility if you are not able to get a business owner on the Board. F (Article VIII Section 13) Removal and Vacancies. If a Board member misses four Board meetings within one calendar year he/she will be automatically removed from the Board. Sheila motioned to accept changes B through F; Motion Second by Jack Beallo; all in favor; no abstentions. Motion passed. There was a discussion on the change on Article VII Sect. 1e. regarding the delinquency of the assessments and the property owners ability to serve on the Board. It was agreed to amend the wording to who is current within two years of the assessments being due.. Motion by Monrelle Williams to accept A (Article VII sect 1e) with the agreed upon change to the wording; Motion seconded by Neelam Lata; all in favor, no one opposed; Motion passed. Recommendation from the Security & Operations Committee to use Safety1st as the maintenance contractor for 2012. Sheila recapped the process leading up to the decision. The committee is also recommending that we allocate $5,000 for start-up costs to come from the 2012 PROWSO one time projects of 13.6k and the ongoing maintenance costs will be folded into the 12k per month budget. 2 Start date of Jan 15, 2012. No discussion: All in favor, no opposed, no abstentions; motion passed. Minutes approved New 2012 Budget approved by the Board.

5. Adopt new Bylaws

The Board adopted the changes B through F of the Bylaws. The Board adopted the changes in A with amendments. Marco will finalize the Bylaws with the agreed upon changes and provide to Shari to post to the website.

6. Recommend Safety1st as the maintenance & security contractor for 2012 with a budget not to exceed $12,000 per month, start-up costs not to exceed $5,000.00 and start-up costs

The Board voted to contract with Safety1st for maintenance and security services at a cost not to exceed 12k per month and allocate 5k for one time start-up costs

Minutes: by Shari Godinez