Riverview Improvement Association Stockholders Meeting
NOVEMBER 15, 2015 4:10 pm-38 Lippitt Ave
Present: Tony Caparco, Frank Ferri, Stephanie VanPatten, Bill Sears, Ray & Judy O’Brien, Steve Williams, Kevin & Kathy Eiseman, Brenda Smith, Pauline Genest, David Woisard, Desiree Schuler, George Welly, Sandra Corrente, Nancy Striuli, Martha Powers, Ron Amirault
MINUTES- Previous year’s read- Desiree motion, Stephanie second. Passed
TREASURER’S REPORT – $X.XX Investment Acct at Citizens, $X.XX Checking Acct, – Revenue & Exp in line with budget except for high landscaping expense. Written report distributed. Invoicing should be done for Membership – Frank will chair membership
drive. Proposed budget same as last year. Motion to accept treas. report passed.
DISCUSSIONS
Landscaping – Neighborhood will weed on Liippitt Ave. 3x spring, summer, fall – Find volunteers weed weekly. Ron will meet with landscaper about end of season work- Will have landscaper continue to cut Cady & Mill Cove. Can city do it? City not consistent.
Welcome package for new neighbors
Can we Resume Bus route on Tidewater
Sewers – We don’t think it is fair to pay high assessment because we are the last to get sewers. We need to advocate for an equitable approach.
Kevin: Councilman Ladouceur would like to attend our meetings but they conflict with council meetings. Could we schedule a time he can attend?
PREDIDENT’S REPORT
Dave Picozzi – On Friday Dave inspected damage, will determine temporay or full fix this year.
Charity- Elizabeth Buffam Chace $250 / Holiday Donations -PTA 2 families adopted Warwick Neck School- $125 gift cert Stop &
Shop ($250 Total), also gifts for children. St Marks $250 cash. Need to spend certain percentage of funds for charity.
* Will ask George S about legal requirement (see addendum).
Caroling Dec 19. Meet at Park 6pm – hosted by Dana & Catherine Monks.
NOMINATIONS FOR NEW STOCKHOLDERS
Ed & Claudia Pacheco, Bernie DiMauro
motion Frank, second Stephanie
2016 CALENDAR
JAN Pasta dinner Jan 9, 1pm Meadowbrook
March Easter Egg Hunt – March 26, 10am – Lippitt Park
APRIL Fundraiser Wine & Cheese – Frank & Tony
MAY Landscaping Lippitt Park by neighbors May 14, 9am
JUNE Yard Sale June 18- Nancy coordinating
JULY – Independence Day Parade-July 3
Beach Clean Up with Save the Bay TBD
SEPT Block Party Sept 11. 4pm Food Drive
OCT Halloween Parade & Hayride Oct 30, 4pm
NOV Stockholders Meeting Nov 13 – 4 pm Board meeting, 5pm Stockholders meeting
DEC Caroling – Date & Host TBD
Next Neighborhood Meeting – Jan 11, 7pm – 15 River Vue Ave (changed from Dec 14)
Meeting Adjourned 5:35pm – Submitted Frank Ferri Corres Sec
* Addendum: George Shuster – There is a rule for private foundations, requiring expenditure of at least 5% of the foundation’s endowment on charitable purposes each year. While this rule does not likely apply to RVIA in a strict sense, it is likely a good benchmark for distribution of the relatively large RVIA funds base. If RVIA were saving its funds for some larger or longer-term purpose (for example, the repurchase of land for community use), that would be fine. But if RVIA has no other plans or purposes for its funds, it would seem appropriate to spend something like the 5% per year. Note that the 5% expenditure need not be a donation to some other charitable organization – expenditure on RVIA’s own charitable purposes, such as neighborhood events, should also count toward the 5%.
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