Newsletter October 2013
Transcription
Newsletter October 2013
PAGE 4 LE V E R T C O MP A NI E S V O LU M E 4 , I S S U E 2 Family branch briefs Ashley Lamar Welch and her husband Thaddeus of Portland, ME, welcomed a baby girl, Remy Louis, to the family on June 2013. Ashley, 29, daughter of Willem “Mart” Lamar of Jackson, MS, works with foreign exchange students in Portland, while Thaddeus is employed by Spinnaker Trust, Portland, as an assistant portfolio manager. Samuel Lamar, 23, August 2013 graduate of Mississippi State University with a B.S. in geology, recently went to work for McGowan Working Partners in Jackson, MS, an oil industry concern. Willem Lamar, Jr. and his wife, Mary Jordan, of Jackson, MS, also welcomed a baby girl, Ava Lenior, to their family on January 2013. Willem, 26, is pursuing a civil engineering degree at Mississippi State, and works part time with his father in the oil business in Jackson. Lucius “Luke” Lamar, 18, youngest of Mart’s four children, graduated in May 2013 from Jackson Preparatory High School in Jackson and enrolled at Mississippi State in August to study civil engineering. Mart, his four children, and two new granddaughters, Ava and Remy, are members of the Albert family branch. All 2013 annual meeting photos by Mary and Steven Andry Christina and Blaine Anderson of Austin, TX, have announced the birth of a daughter, Kayleigh Blaine Anderson, their first child, on February 2013. Blaine, son of Eugenie Toledano Anderson, is a electrical engineer in Austin and Christina is a homemaker. Daughter Kayleigh, father Blaine, and his mother Eugenie are members of the Robert Louis family branch. Katrina Kirkpatrick of Reno, NV, graphics artist and designer, conducted a power point presentation session recently for High Sierra Writers, a publishing consortium. Jean Baptiste, Jr. family member, she demonstrated how she designs book covers for authors, including J. Lee Taylor of the Cindy Nesbit mystery series. Raising Cain (Continued from page 3) Bink, active in cultural and civic affairs in Thibodaux for many years, died in 1996 at age 86. Six years later, in 1943, DiDi moved with his family to Thibodaux to replace Lawrence, Sr. as manager of the Reinzi and Webre operations until his own retirement in 1976, three years before his unexpected death in 1979. Shortly after his death, Levert Companies established two scholarships in his name at Nicholls State University, Thibodaux: L.C. “DiDi” Levert, Jr. for business majors and Rienzi for all majors. Like another anecdote about DiDi, who was so full of the joy of living that he seemed to carry everything and everybody along in his light-hearted wake? DiDi invited a cousin and some celebrities participating in a big parade in town to Rienzi. Of course, he woke us up to meet his new friends, actors Rudy Valee and Cesar Romero, who shook our hands then autographed the wall in the Rienzi bar . . . Ira Harkey, III, editor V O LU M E 4 , I S S U E 3 OCTOBER 2013 President’s message Despite sluggish market, Companies place attractive properties under contract The past few months have been especially busy in our attempt to continue to grow our Companies by expanding their inventories of incomeproducing properties. Our efforts continue to be affected by a sluggish real estate market that remains constricted and provides only slight opportunities to acquire an attractive property. Over the past few months, however, we have studied and considered a variety of properties, finally settling on two that were recently placed under contract and are being further examined to facilitate potential closings. We are excited about the possibility of adding these two buildings to our stable of properties. Stay tuned for details of what transpires in the February newsletter. Troy Bellanger, vice president, Thibodaux operations, Inside this issue Down on the farm 2 Real estate happenings 2 Rienzi update Keeping history in good repair 2 3 2013 annual meeting pictures 4 Family branch briefs 4 also has been busy preparing for and scheduling sales of residential lots in our latest Plantation Acres, LLC development. Approval and acceptance of the newly constructed Rienzi Place Subdivision, Addendum #2, Phase 1, residential development was received from the city of Thibodaux. Thirty of the 31 lots either are being sold or held under contract by prospective purchasers. If all goes as anticipated, the Rienzi Place project should provide a surge in earnings for Plantation Acres, thus, offsetting some of the predicted loss of revenue in Levert-St. John in 2013 resulting from depressed sugar prices and the increased vacancy rate. Andy Andolsek, President L.C. “DiDi” Levert, Jr. as King Sugar of the Washington, D.C. Mardi Gras ball in 1954. For more pictures and for the rest of the story about DiDi, a grandson of Company founder, Jean Baptiste Levert, see page 3 of this newsletter. This is another in a series of profiles featuring descendants of J.B. DiDi circa early 1930s. (All photographs courtesy of DiDi Levert family.) Work on capital projects near completion at St. John House Work is near completion on the final phase of the major capital improvements project at St. John Plantation House, according to Frank Kearny, house committee chairman. Kearny said construction crews began work after Labor Day to restore three of the four upstairs bedrooms, install a support railing on the front gallery steps leading to the screen door, and replace all central heating/air duct grills on the first floor. “Capital budget covered the costs of painting the bedrooms and the railing and duct grill projects, but not hanging new curtains and installing new carpets, as planned, in the bedrooms,” Kearny said. “The plan now is to get approval at the January LevertSt. John board meeting for additional monies so we can hang new curtains and install new carpets.” He said that work is scheduled to begin sometime next spring. The house was not opened to family members and friends during September so the crews could complete all the remaining upgrades by the end of September. PAGE 2 LE V E R T C O MP A NI E S V O LU M E 4 , I S S U E 3 Charlie: ‘Imperative we produce average or above average yields’ predictable” equipment failures and having to prepare immediately for sugarcane planting on lands where the beans had just been harvested, a total of 1,072 acres in cane were planted with 221 acres of seed being used. “This will provide 3,443 acres for the mill, which would be the most acreage ever harvested by our Company,” Charlie said. “With the start of the cane harvest October 1, let’s keep our fingers crossed that no hurricanes make their way to southwest Louisiana and favorable weather conditions prevail, thus, allowing us to deliver all of the crop to the mill for grinding and to realize our full yield potential.” Charlie said with raw sugar prices currently at 30-year lows, “It is imperative that we produce average or above average yields to remain viable.” Real estate happenings Companies acquire third retail center near LSU campus Levert Companies have acquired its third property near the LSU campus in Baton Rouge, according to Pam Tapie, vice president, real estate operations. The 17,000-square-foot retail center at 3930 Burbank Dr., known as Southgate Village, is now retained by Campus View II, LLC, which was formed with LevertSt. John, LLC as 75 percent owner and J.B. Levert Land, LLC as 25 percent owner. Pam said the center was purchased in March 2013 for less than $4 million and, she added, “We can thank the previous years of good sugar prices for affording Levert-St. John the ability to acquire a stake in this entity.” The center is currently 100 percent occupied. It’s comprised of seven suites and a free-standing ATM banking location. In addition to the ATM bank, tenants include restaurants, coffee and ice cream shops, a fraternity/sorority shop, and a tutoring center. Meanwhile, Tapie reported that the combined occupancy rate of the Levert Companies is 93 percent, down from 94 percent at the beginning of 2013. Pam said, “We are actively marketing vacan- cies as well as negotiating renewals with current tenants and a few new leases with prospective tenants in an effort to maintain and/or improve our occupancy rate.” ‘Authentic and delicate’ — Lafargue Construction crews begin certain demolition work at Rienzi As part of the ongoing remodeling project, construction crews have demolished the laundry room, formally the 1940s kitchen, at the rear of Rienzi Plantation house and plan to restore the rear gallery located at ground level to provide a more “authentic and delicate” connection from the house to the kitchen that was built in the 1960s. John Lafargue, Rienzi owner, said the plan is to remodel the 1960s kitchen and furnish it with state-of-theart appliances. He said demolition began about a month ago and is scheduled to be completed by the end of 2013. John said that the bathroom adjacent to the first-floor, 1960s kitchen will be renovated – converted from a half-bath to a full bathroom to include a shower. The new owner, who divides his time between Houma and New Orleans, where he owns and manages several properties, added that more landscaping of the seven-acre property will begin about November through January since the fall and winter months are the best time to plant grasses, shrubs, and trees. Meantime, John said that work on the second-floor front gallery and double staircase, including the curved PAGE 3 Keeping history in good repair Down on the farm Weather conditions allowed Levert-St. John Farms to prepare and plant 304 acres of soybeans on sugarcane lands that were “fallow” or lying in wait for the fall planting, thus, providing for an additional source of revenue in 2013, according to Charlie Levert, vice president, agricultural operations. Charlie said harvest of the integrated soybean crop was completed September 6, yielding 41 bushels per acre at about $14 per bushel. “This price and yield are respectable, despite several problems experienced during the bean growing season,” he added. Meanwhile, 2013 sugarcane planting began August 7 and ended September 13. Levert said in spite of some “annoying, LE V E R T C O MP A NI E S V O LU M E 4 , I S S U E 3 Just how did DiDi raise his cane . . . oops Cain? (Editor’s Note: The “Tales of DiDi” presented in italics are provided by Winnie Goulas, one of DiDi’s three daughters.) He would motor to the [Thibodaux] Sheraton, park his car, turn on the parking lights, and walk into the La Pirogue lounge. Inevitably, someone would walk in and yell, “Someone left his lights on in the parking lot.” He would stand up and tell him, “That’s how I find my car when I want to go home . . .” Family members have any doubt who this amusing story is describing? While many younger family members may not be sure, it probably would take older members five or six seconds to figure it out. Of course, it’s Lawrence Constant “DiDi” Levert, Jr., or DiDi as he was known by the family. Who else? Here’s another entertaining tale – family secret? – that tells a lot about the popular, fun-loving DiDi and how he, in fact, raised his cane, or Cain, as it were: DiDi liked to gamble . . . he introduced most of the young men in Thibodaux to his game of craps. When our dates came to pick us up at Rienzi, he was waiting for them. He’d take them into the bar downstairs and get them to shoot craps with him, take their money, and we’d be left with nowhere to go, because he took all our dates’ money. Like his grandfather, Company founder Jean Baptiste Levert, and his father, Lawrence, Sr., DiDi gave added prestige and honor to an old distinguished family name – Levert – long associated with growing and manufacturing/ processing sugarcane in South Louisiana. Respected and admired as an adroit sugar farmer and long-time plantation manager, businessman, and civic leader, he began his career in the sugar industry learning firsthand and working with Albert Levert, his uncle and eldest son of Jean Baptiste. He helped his uncle direct the St. John Plantation and St. John sugar mill operations in St. Martinville as field superintendent and also worked with the tenant farmers. In 1943 he transferred his talents and skills to Rienzi and Webre plantations near Thibodaux, remaining there for the next 33 years. (Uncle Albert died in 1942, after having managed St. John Plantation and the sugar mill for Levert-St. John, LLC and his father since the early 1890s – one of the longest management tenures – 50 years – in the history of the Louisiana sugar industry. DiDi’s father, meanwhile, banisters and columns, is more than 95 per cent completed. Bink and DiDi in their prime. Bink and DiDi on their wedding day in 1937 at Bink’s home at Valley Head, Alabama. John B. Levert, Jr. is ring bearer. retired in 1943 to his beloved Banker Plantation near St. Martinville and lived there until his death in 1961.) Because of his keen interest in sugar planting, the “hellraising” DiDi probably enjoyed nothing more than to plant a large amount of sugarcane in his fields, wait for it grow, trim this cane for more sugarcane, which can be used to grow another generation of cane – this process being repeated indefinitely, yielding a regular supply of cane without the hassle of having to cover large areas of his fields. And also like his grandfather, especially, DiDi loved the Mardi Gras. He was a member of several carnival clubs as well as many civic and professional organizations, including the American Sugar Cane League and Lafourche Parish Police Jury. He served for many years as vice president of J.B. Levert Land, LLC and on the boards of directors of Levert-St. John, LLC and the defunct Caldwell Sugars Cooperative Inc., in Thibodaux. Honoring the Louisiana sugar industry in 1954, he reigned as King Sugar of the seventh annual Mardi Gras ball in Washington, D.C. When he was King Sugar he had crawfish, packed in ice, flown up to his Washington hotel. When the crawfish arrived they were numb from being packed in ice, and DiDi decided to liven up things by turning some loose in the halls . . . in those days many people not from Louisiana had no idea what a crawfish was, let alone had ever seen one . . . you can just imagine the people’s reaction upon seeing the crawfish crawling around in the halls. DiDi was born Aug. 9, 1911, on Banker Plantation, oldest of two sons born to Amelie “Lulu” Gauthier Levert and Lawrence C. Levert, Sr. (younger brother Dr. Edward “T-babe” Levert preceded him in death in 1964). DiDi spent much of his youth on Banker. The plantation was a wedding present to Lulu and Uncle Lawrence from Jean Baptiste when they were married in 1910. DiDi was graduated from St. Martinville High School, studied engineering at Georgetown University in Washington, D.C., and later attended the University of Louisiana, Lafayette. In 1937, he married Winston “Bink” Tutwiler of Valley Head, Alabama, and the couple had four children: the late Jacqueline Andolsek and Winnie Goulas, both of Thibodaux; Lawrence C. “Boo” Levert, III of St. Martinville; and Stephanie Marie Levert of Baton Rouge. Raising Cain (Continued on page 4)