MVF Board selects option for North Creek Pool Renovation

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by Mike Conroy

During their regular monthly meeting on July 25, the Montgomery Village Foundation (MVF) Board of Directors discussed several options for the North Creek Pool and Bathhouse Renovation Project, before authorizing Executive Vice President (EVP) Dave Humpton to negotiate and execute a contract for the pool.

After previous feedback from residents and the Board, staff provided four options of the concept for the Board to consider: 1) the base pool; 2) the base pool with a diving well; 3) the base pool with a heater; and 4) the base pool with a diving well and heater. After hearing additional input during Residents Time, as well as discussion regarding the options, the Board ultimately passed a motion to negotiate and execute the contract on option 2, the base pool with a diving well.

Other Agenda Items
The Board also approved a number of other facility maintenance-related items. Bids to resurface the Hurley Park and Whetstone Community Center (WCC) parking lots were given to Total Asphalt ($32,165) and A.B. Veirs & Sons Inc. ($33,615), respectively. Additionally, Total Asphalt was awarded a bid of $17,225 to resurface the basketball court at WCC, while All Pro Recreation Surfaces will finish the court by painting new lines with a bid of $5,695.

EVP Humpton was also authorized to exercise the final two years of the audit contract, allowing auditors DeLeon & Stang to perform the 2019 and 2020 financial audits.

President’s Remarks
Board President Glenn Gargan made a presentation to long-time Village residents, supporters and volunteers Pam and Frank Mondell, noting their accomplishments and contributions to Montgomery Village over the last 40-plus years. He noted that both Pam and Frank worked for the good of the community through their involvement in the schools, MVF Board and committees and overall stew-ardship as good neighbors.

Gargan presented Frank with a Lifetime Achievement Award and Pam with a heartfelt note of thanks and bouquet of flowers. Frank remarked that all the accomplishments were a collaborative effort and that he and Pam enjoyed making the Village their home.

EVP Report
EVP Humpton noted that the permit for the electronic sign at Lake Marion Community Center would be coming soon, and this would facilitate a hopeful mid-September installation for the sign. He also said MVF camps were running smoothly this season, and staff was doing a great job balancing the needs of the community in these programs.

On the development front, Humpton said that Lidl filed their preliminary plan—“Montgomery Village Whetstone Center”—with the Planning Board on July 19. In addition, Atlantic Realty Companies (ARC), who owns the Village Center, is awaiting final permits from the county to begin work on the site. They anticipate a fall groundbreaking for the updates to the center.

Finally, Humpton mentioned that the county council recently made some movements on Bus Rapid Transit (BRT), using facility money to allow more engineering to be done on the project. He said this will give the council options on how they want the project to proceed. Humpton said he would provide further updates as they become available.

Treasurer’s Report
MVF Treasurer Bob Carey reported on the financial health of the organization for both the month of June and year-to-date (YTD). He noted MVF’s liabilities and liquidity were in great shape, continuing the organization’s strong financial position; MVF is carrying approximately $9 million in Cash and Investments.
Carey said Revenue for June was slightly unfavorable to the budget, but YTD was tracking favorable to the budget. He noted Investment Returns and overall Expenses were favorable as well, with only temporary labor and legal expenses over budget at this time.

He reported that the MVF Investment Committee, under advisement from the investment manager, recently made a shift in investments from value funds to those in a better growth position—not changing the overall mix, but changing the equity investments—for a better return on investment over the next 2 to 3 year period.

Next Meeting
The next MVF Board of Directors meeting is scheduled for 7:30 p.m. on Thursday, Aug. 22 at Stedwick Community Center, 10401 Stedwick Road. The meeting begins promptly at 7:30 p.m. with Residents Time. The Board will review the draft 2020 Budget prior to voting to publish it for 30-day resident review and comment. Residents are invited and encouraged to attend the meeting. The meeting agenda and information packet will be available online at the week of the meeting.