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 a new . 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 dated (mmddyyyy?) will have a similar 5-year term starting (mmddyyyy) and

expiring mmddyyyy. This means LVL1 will continue to pay Year 2 rent at $2,200/month through mmddyyyy. It then extends to 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. Barrett has not pursued the penalty terms for LVL1 not signing the original proposed lease as another sign of his good faith.
  • The escalator clause adds flexiblity 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

Workshops

Makerfaire

Halloween to Holidays

September Pitchin