Downtowns Share $300,000 In Transportation GrantsBennington, Bristol, Burlington, Montpelier and Rutland Are WinnersMONTPELIER, Vt. (October 30 ,2008) – Five Vermont communities will be sharing more than $300,000 in state grants to pay for transportation infrastructure improvements in their downtowns, officials announced today. The Vermont Downtown Development Board also approved Village Center Designation for East Montpelier at its meeting Monday.”These grants will help strengthen these important centers of job creation and social activity,” said Kevin Dorn, Secretary of the Agency of Commerce and Community Development and chairman of the Downtown Development Board. “This is in keeping with Governor Jim Douglas’ vision of revitalizing Vermont’s downtowns.”The awards include:* Bennington – $5,157 for street signs, planters, and trees.* Bristol – – $74,772 for Prince Lane improvements to the back side of Main Street buildings to include undergrounding utilities, and a new sidewalk that will open up access to the rear of the buildings, clean up a neglected area, and improve pedestrian safety.* Burlington – $75,000 to contribute to a complete replacement of street lights at the Church Street Marketplace.* Montpelier – $74,961 for restoring an historic railroad turntable and creating a new public park, Turntable Park, on Stone Cutters Way.* Rutland – $75,000 for replacing streetlights on Strong’s Avenue and Washington Street, the fifth phase of the downtown streetlight project in Rutland.”These projects represent important investments in our communities, which not only help promote commerce but also help prevent sprawl and make our citizens less dependent on automobiles,” Dorn said.The transportation grant program was created specifically to support downtown capital transportation projects through the Vermont Downtown Program, which is part of the Agency of Commerce and Community Development.The Downtown Board also approved designation of East Montpelier’s village center, which runs along Route 2 roughly from the East Montpelier Home Center and just north of Mekkelsen’s RV, to the town offices and fire station at the junction of Routes 2 and 14.In addition to providing training, technical assistance, and administering grant and tax credit programs, the Downtown Program also oversees designation of downtowns and village centers.To date, 23 downtowns and 83 village centers have been designated and all older and historic buildings in these designated areas are eligible for state revitalization incentives.To become a Designated Downtown, communities must have both a downtown revitalization organization and demonstrate their commitment and capacity to support such a program, as well as meet several other requirements. Village Centers go through a similar, but abbreviated process.Both designated downtowns and village centers are also eligible to compete tax credits for historic and older building rehabilitation.More information can be found at the Agency of Commerce and Community Development’s Vermont Downtown Program website, www.historicvermont.org/programs/downtown.html(link is external)-30-
The Church Commissioners, the Church of England’s investment arm with an £8.2bn (€9.4bn) portfolio, have nominated Gareth Mostyn as their new chief executive, starting on 1 February 2020.Mostyn is currently chief finance and operations officer (CFOO) for the National Church Institutions of the Church of England, which encompass the Church Commissioners, Church of England Pensions Board and Archbishops’ Council.In his new role, he will also become secretary to the Church Commissioners, reporting to the First Church Estates Commissioner and the board of governors. He will support the Commissioners in strategic policy and prioritisation, and take responsibility for strategic leadership of the investments team, among other roles.His tenure of office, which is subject to approval by the Church Commissioners at an extraordinary general meeting to be held in November, will follow the retirement of current CEO Andrew Brown at the end of January 2020. Mostyn joined the National Church Institutions in 2018 from diamond company De Beers plc, where he was the board director responsible for strategy and corporate affairs, before which he was chief financial officer. Gareth Mostyn has been proposed as the Church Commissioners’ new CEOLoretta Minghella, first Church estates commissioner, said: “Since his arrival as CFOO, [Mostyn] has demonstrated a clear-eyed commitment to delivering sustainable financial support to the Church over the long term to help the Church meet its mission priorities.”Minghella continued: “He has a thorough understanding of the oversight required for an endowment of our size and significance, a solid grasp of our requirements as a leader in responsible and ethical investment and a real appreciation of the broader role the Commissioners play in support of the Church’s work.”Mostyn has also held senior finance roles with Anglo American and The BOC Group (latterly The Linde Group).The Church Commissioners made an investment return of 1.8% for the 2018 calendar year, although the average return over the past 30 years is 8.9%, above the Commissioners’ 8.2% target.The Commissioners promote socially responsible investment and engagement with investee companies, and in 2018 voted against or withheld votes on 15.6% of resolutions presented at company meetings, most commonly on executive remuneration.