O&D Meeting 08/19/2025

Agenda

Old Action Items

• Revision the Wavier Stuff - Raj Tabled until after lease

• Schedule Meeting with landlord and talk with landlord - Raj and Jim can now report progress, as follows:
  • Raj and Jim (finally) had a face-to-face meeting with Barrett in his office at The Pointe, on Tuesdy, August 12.
  • The meeting was cordial. Barrett listened to our concerns.
  • Barrett proposed an "escalator clause", emailed to <directors@lvl1.org on August 13,2025> for review, discussion, and concensus approval.
  • The original proposed 5-year lease dated May 14, 2024, with 5-year term starting February 1, 2024 and expiring on January 31, 2029 will be shifted in time and replaced with new dates. We are currently following its terms (without signing) and paying its Year 2 rent at $2,200/month through January of 2026.
  • The new proposed 5-year lease will have a similar 5-year term likely starting Sept. 2025 and expiring in 5 years on mmddyyyy. This means LVL1 will continue to pay Year 2 rent at $2,200/month for the first year of the new lease. It then extends to the existing year 3 rent, and year 4 and 5 rent is subject to the escalator clause.
  • Raj and Jim believe Barrett has listened and is acting in good faith with a concession to LVL1's advantage by extending the current duration for paying rent at the year 2 rate. This is a significant savings to us compared to the expected rent increase of year 3. Barrett has also not pursued the penalty terms for LVL1 not signing the original proposed lease as another sign of his good faith.
  • The escalator clause adds flexibility to adjust the year 4 and 5 rent rates (+/-) based on circumstances at that future time.

• Look into Intercom - Joe

• Work on Air Stuff and possibly run a FAP - Joe

• Have another Oops meeting - Danielle

• Look into Batteries and door stuff - Joe and Lock a Dock

• Keep updating on handrail. - Joe

• Keep stressing pizza fund and filament fund. - Kevin

• Set up a tour at metal factory place - Michael

Old Business

• Lease

• Back Door - Joe

• Battery Policy

• FAPS

Membership Report

July membership stands at TBD Here is the link for the <LVL1 - Membership Trend 202506.pdf>.

Treasurer Report

The month of July 2025 was cash positive and that makes three months in-a-row. This is a good trend if we can maintain it. Here is the link for the <LVL1-FinancialSummary-202507.pdf> with the following values:

• July 2025 REVENUE was $4,951.85.
• July 2025 EXPENSE was ($4,020.93). The LG&E bill at $504.70 was the lowest of the year.
• July 2025 NET was cash positive at $930.92 for the month, and we are cash positive year-to-date at $2,541.71.
• The Vending Fund has crossed the $1k boundary and stands at $1,051.36.

New Business

Hot Water Heater

Workshops

Makerfaire

Halloween to Holidays

September Pitchin

Action Items for Next Meeting

Contact landlord about approval of terms and hot water heater. - Kevin F.

Look at Waiver - Raj

Sump Pump stuff - Joe

Update Signage for Battery Policy - Kevin F.