Pam (commission member; full name not specified) reported an increase in net assets for the commission’s O'Connor Fund accounts and told commissioners she had signed grant paperwork enabling a preservation project to proceed.

Pam said the O'Connor Fund showed a notable uptick in net assets for August and described O'Connor 1 and O'Connor 2 as both higher than the prior month. She characterized the change as a positive month‑to‑month increase and noted these figures are available in her written report filed with the meeting packet.

Pam said she had signed the grant agreement and that the project team had been advised they could begin work. She said project staff and a consultant (Matt Klaus) were discussing whether any historic‑review steps were required; Pam said she told them no local historic‑district review was needed because the planned work is primarily repair and maintenance. Pam noted the applicant is still navigating tax‑credit questions with the State Historic Preservation Office.

Commissioners discussed a practical issue: a newly exposed rear wall that had been covered by an adjacent structure now needs to be finished to match the building envelope for both weather protection and appearance. Pam and other commissioners said the likely solution is to paint or otherwise finish that wall to match the rest of the building to preserve aesthetic and material uniformity.

Ending: Commissioners did not take a formal vote on O'Connor Fund disbursements at the meeting; the report stands as an update and staff indicated the project can proceed with the signed grant paperwork and with further coordination on tax‑credit compliance.