UPTOWN ASSOCIATION BOARD OF DIRECTORS
February 24, 2015
Board Members:
Corey Collins, Chris Condie, Rick Cornejo, Max Ellis, Mike Finkelstein, Marcus Genzlinger, Natasha
Greiling, Paul Pashibin, Judy Shields, Gayle Steiger, Ted Stephany, Lucas Wilson, Robin Fortney,
Heather Asbury, Dwight Carlson, Thang Chau, Samantha Igo, Jacob Sheehan
Staff:
Jill Osiecki, Maude Lovelle, Ann Wempner
Guests:
Ben Somogyi, Inspector Todd Loining, Amanda Vallone
Bold:
Not in attendance
Date/Time:
Tuesday, February 24, 2015 from 7:30 a.m. - 9:00 a.m.
Location:
Lund’s Market, 1450 W. Lake Street, 2nd floor Community Room
Time
Topic
Call to Order
Discussion Leader
Marcus Genzlinger
● Approval of December 2014 minutes
Judy Shields 1st
Natasha Greiling 2nd
● Approval of January 2015 minutes
Judy Shields 1st
Rick Cornejo 2nd
Ward 10 Update
Ben Somogyi
-Revisting the zoning for small compost, 120 yards. Curbside compost would be available
for 5 units and more.
-Revisiting parking requirements for along transit lines. This would be driven by the market.
Encouraging foot and bike traffic. The availability of car sharing is also encouraged.
-Parklet program application is currently open.
-Support for homeless shelters to not have a religious affiliation is being presented.
-Revamping of 29th Street is in the budget for 2016, $700,000. This project will start at Bryant
and Lyndale. A completion is predicted for 2020.
5th Precinct Update
Inspector Todd Loining
-Crime has seen a considerable reduction in the Uptown area.
-Uptown has a strong team and that is what is needed for community support.
-There is the assumption that with the warmer weather there will be a spike in burglaries.
Dialing 911 is always encouraged, no matter how insignificant you think it may be.
-Shoplifting is being detoured with the presence of foot beat officers.
-We are encouraged to all work together and join a block club and get involved.
-There is the possibility of adding a supplemental bike officer.
-Encouraged to improve lighting for both residential and business.
-Open House at the 5th Precinct on May 12
UPTOWN ASSOCIATION
FINANCE COMMITTEE REPORT - FINANCIAL SUMMARY
February 2015
1.
SUMMARY OF MONTHLY FINANCE COMMITTEE MEETING FOR DECEMBER 2014



2.
Reviewed the February Financial Statement.
High priority in Q1 2015 to find new credit card processor to lower fees.
Continued discussion to chart additional ways to increase AF revenue.
SNAPSHOT OF CASH POSITION FOR 1 MONTH PERIOD ENDING DECEMBER 2014
Central Bank Checking
Central Bank Groupon
Bremer Bank
Checking
Savings
Line of Credit
Balance Owing
Available Credit
Credit Limit
3.
$9 396
$26,910
----$0
$50,000
$50,000
$ 9,068
N/A
---N/A
N/A
N/A
$235
N/A
----N/A
N/A
N/A
SNAP SHOT OF PROFIT / LOSS STATEMENT AND BALANCE SHEET FOR DECEMBER 2014
Profit / Loss
Total Income
Total Expenses
Net Operating Income
February 2015
$8,705
$28,092
($19,387)
Year-To-Date 2015
$30,079
$71,444
($41,364)
February 2015
$72,138
$0
$78,133
$78,133
February 2014
$92,767
$0
$95,523
$95,523
Year-To-Date 2014
$31,272
$57,577
($27,705)
Balance Sheet
Total Cash Assets
Total Liabilities
Total Equity
Total Liabilities & Equity
4.
VARIANCE EXPLANATIONS – P&L ACTUAL VS BUDGET FOR DECEMBER 2014 & YEAR-TO-DATE
No major variance this month.
5.
NOTES TO FINANCIAL STATEMENTS
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
YTD15 income of $30k is in line with expectations compared to YTD14 income of $31k.
YTD15 expenses of $71k are $14k higher than expenses of $57k at YTD14 causing YTD15 NOI to be $14k lower than the
YTD14 NOI.
Cash Assets of $72k at YTD15 are $20k less than YTD14. Due to this equity is lower by $17k from YTD14 to YTD15.
The line of credit at Central Bank was renewed for a 12 month period. The line of credit has a zero balance as of February
28th 2015 and had $50k available.
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
2015 Board Officers Election - VOTE
-Ballots were passed for voting purposes
- Results
President- Marcus Genzlinger
Vice-President- Ted Stephany
Maude Lovelle
Treasurer- Mike Finkelstein
Secretary- Max Ellis
At-Large- Chris Condie, Natasha Greiling
Committee Selection for 2015
-Each board member need to commit to one committee
-Can sign up for more than one
-Need other viewpoint than staff’s
-Need to add additional information
-Sign-up sheet was passed for signing up for a
Maude Lovelle
UA Structure and Goals
Marcus Genzlinger
What are some of areas that the Association should be involved with?
Response and Discussion: Farmers market, Traffic, Streetscape, Lighting, the Lakes
Adjourn
Marcus Genzlinger
Dwight Carlson 1st
Ted Stephany 2nd
_______________________________________________
Marcus Genzlinger, President
________________________________________
Max Ellis, Secretary