THE 39^th STREET COMMUNITY IMPROVEMENT DISTRICT
MINUTES OF THE APRIL 17, 2008 MEETING OF

THE BOARD OF DIRECTORS OF THE DISTRICT

             I.      CALL TO ORDER

  The meeting was called to order at 9:00 a.m. at Commerce Bank at the 43^rd Avenue Banking Center, 1906 West 43^rd Avenue , Kansas City , Kansas .

  Members of the Board of Directors (the �Board�) for the 39^th Street Community Improvement District (the �District�) and guests were present as follows:

  Board Members:
 Hal Shapiro, Chairman
 Bill Vogt, Vice Chairman
Ted Larkin, Member
Max Ross, Member Ad Interim
 Vic Allred, Member

Others present:
David Minkler, Treasurer
Mark Valentine, Marketing Consultant 

          II.      APPROVAL OF MINUTES

A motion was made tabled to approve the minutes of the March 2008 meeting. The minutes will be approved along with the April minutes at the May Board meeting.

       III.      REPORTS FROM MEMBERS

A.                Treasurer’s Report: The Treasurer gave a report of the deposits, money market and certificates of deposit.  Vic discussed some problems with the original bookkeeping and noted that he will redo the entire Balance Sheet and Income Statement  for the last fiscal year to bring it in line with the correct account balances on the Balance Sheet and prepare the Income Statement to match the approved Fiscal Budget categories.

B.                 Lighting Project:  Hal updated the Lighting project.  Discussion about why KCP&L will not let us their poles to attach lights.  Hal also indicated PIAC needed to the CID to provide 2,000,000 in General Liability Insurance.  The insurance issue was discussed and agreed by all to purchase ASAP.

C.                 Budget: Mark updated progress on the approved 40,000 fiscal year marketing plan.  Presented invoices for Cumulus Broadcasting advertising.  Mark further updated Board on each item of the marketing budget.  Mark offered to waive his normal discount that advertising companies receive and pass the savings to the CID.

D.                Security:  There was discussion on how to better be aware of any problems with billing or hours worked.  Several Board members discussed there pleasure with the new company.

E.                 3^rd Friday Concert Series:  Discussion of the band schedule for 3^rd Fridays.  Mark presented the slate of musicians and the benefits each one bring to the series.  It was also passed that the CID would buy gift certificates from the members of the CID to promote as giveaways during the concerts.  It was also discussed that Fric and Frac Restaurant would take care of the beer sales for the event and give the CID 20% of the gross revenue.  Also discussed was the purchasing of several street closure barricades in lieu of renting them.  After questions were resolved, the decision to buy them was made.

       IV.      NEXT MEETING

The next Board Meeting is scheduled for Thursday, May 15th, 2008 at 9:00 a.m. at Commerce Bank at the 43^rd Avenue Banking Center, 1906 West 43^rd Avenue , Kansas City , Kansas .

          V.      MEETING ADJOURNED

There being no other business, a motion was made to adjourn the meeting. The motion was seconded, a vote was held, the motion carried and the meeting was adjourned at 10:30 p.m.

                                                                        Respectfully submitted,

                                                                        Bill Vogt, Secretary Pro Tem