This Week · Level 10

Level 10 Weekly

Last meeting: 2026-07-21 — Six Peak Capital - Weekly L10

◆ 0 active to-dos ▲ 0 rocks tracked ● Last meeting 2026-07-21

Rocks Complete

Actions Closed

Open To-Dos

Rock Owners

Weekly Summary

2026-07-21 — Six Peak Capital - Weekly L10

The meeting reviewed operational priorities across finance, commercial, construction, and product planning, with focused updates on institutionalizing the finance engine, EOS rollout timing, a new weekly scorecard pilot, and near-term commercial negotiations.
Finance and reporting: Bob and Chris Andresen kicked off the finance engine institutionalization; Chris Andresen confirmed board-portal financial reporting work and an MDNA due for the finance meeting by month-end.
Robert will develop an SOP for repeated financing tasks and implement Claude into one LD finance workflow.
A non-recourse revolving credit facility was recommended for later discussion.
Repayment of borrowed capital is planned by end of 2027.
EOS and organizational work: EOS operating system rollout remains on track for completion by the end of next month and the future-state accountability chart aligns to that timeline.
Schuyler is preparing a subordinate-debt deck for potential buyers and a council presentation; a mayor’s-office signature delay exists on TEFRA timing but lawyers see no legal risk.
Schuyler also reported the first UL Foundation hire completed onboarding.
Commercial and product: Chris Aiello completed cowork adoption mandate and progressed board portal and reporting standards, with remaining LV KPI integration and estimating-tool tweaks before finalizing GMPs for Acama and Lexington.
He described near-term negotiations toward a term sheet with two Palantir engineers for an AI sister company and flagged capital constraints favoring partnership over acquisitions; the Palantir term sheet will be sent to Jonah.
Projects, construction, and staff: Grady implemented Claude for PM/PC roles and needs a playbook and onboarding session for the co-work platform; two hires completed with one superintendent still required for field stability.
Tom is advancing SonTrack planning and OVM marketing pitch preparation.
Wilton repairs reported 85–90% complete with a few remaining punchlist items and a QMC meter network activation dependency.
LITECH and dependencies: Francis’s close is the gating event for the LITECH closing checklist and the LITECH operating manual, targeted to begin in the first week of August.
Derek noted Ramsgate off-site condo proposals progressing, dependent on Genesis finance sign-off and outstanding DWP permit package delivery.
Some LVA workflow work depends on the Palantir engineers signing the term sheet.
Tools and scorecard: Bob introduced a new weekly scorecard pilot—10–15 key metrics, single owners, RYG conditional coding, and a three-week-red auto-escalation rule—intended as an early-warning weekly tool; definitions and the RYG key will be circulated and integration into the L10 portal was discussed.
Claude automation of the scorecard dashboard into the LTM weekly portal is planned and expected to take several weeks.
Open constraints and unresolved items: Outstanding items include finalizing the Palantir term sheet acceptance, Genesis finance approvals, DWP permit delivery, mayor’s-office signature timing on TEFRA, remaining construction punchlist tasks (Wilton and meter activation), staffing allocation decisions, and structuring a possible credit facility.

Action Items

From 2026-07-21

Chris Andresen Chris Andresen will add a follow-up meeting to his and Bob Kennedy’s calendars for the finance engine project
Bob Kennedy Bob Kennedy will execute the consulting agreement with Tom by the end of next month and attempt to add it to the near-term list if not completed today or tomorrow
Chris Aiello Chris Aiello will follow up with Grady on the status of Wilton repairs and any outstanding items
Chris Aiello Chris Aiello will send the term sheet to Jonah today for the AI sister company proposal
Chris Andresen Chris Andresen will produce an MDNA to support the finance meeting
Chris Andresen and Robert Carrega Chris Andresen and Robert Carrega will meet with Jonah either today or tomorrow to review whether Jonah already has a solution for the LV finance workflow before using Claude
Chris Aiello Chris Aiello will send updated staffing allocations to Grady after Grady’s text so Grady can decide which roles to fill this year
Robert Robert will continue developing the standard operating procedure for repeated financing tasks and identify which tasks he will own.
Robert and Chris Robert and Chris will implement Claude into one LD finance workflow.
Schuyler Schuyler will reach out to foundation vendors after the foundation meeting later this week once Life Olson is onboarded.
Bob Kennedy Bob Kennedy will build an automated dashboard that pulls finance metrics via Claude and integrate it into the LTM weekly portal, estimated to take a few weeks.
Grady Lakamp Grady Lakamp will send an email updating the team and copying Derek to start the conversation about landing the Cat6 cable and activating the QMC meter connection.
Bob Kennedy Bob Kennedy will email the scorecard, including definitions and the red/yellow/green key, to the team immediately after the meeting.

Files Referenced

Needed to keep moving

No files referenced.

To-Dos

Active this week

Grady Grady will host a lunch-and-learn with Derek and Jonah to introduce Claude and its uses to the team from action item
Bob Kennedy Bob Kennedy will use the finalized scorecard to build an automated dashboard that pulls finance metrics via Claude and integrate it into the L10 weekly portal from action item

Company Rocks

Shared quarterly goals

Finance engine institutionalized High Parent

Owner Bob Kennedy

Directly supports Wickman’s 90-day priorities and data component.

Done when…
Written finance JTBD for the CFO seat (scope: FP&A, cash management, capital markets, Board Portal updates) agreed by Bob, Chris Aiello, Grady, and Chris Andresen; Board Portal pulls actuals vs model monthly for at least 3 consecutive months with MDA circulated before each finance review; standard 12-month cash forecast and cost-of-capital template built, linked to the model, and used in at least one real decision (for example, LOC vs Steyn draw).

Depends on: Chris Andresen for modeling and reporting; Steyn data availability

2026-08-31
Six Peak HoldCo operating system fully live High Parent

Owner Bob Kennedy

Pure Wickman: L10 cadence plus 90-day Rocks at the parent level.

Done when…
Six Peak L10 held at least 12 of 13 weeks with an updated parent scorecard; daily or MWF stand-ups and weekly 1:1s in place and happening for each direct report with simple written agendas; Q4 2026 Rock-setting session completed using this cadence, with Rocks for each direct report tied to the VTO.

Depends on: Direct reports’ calendars; adoption by leadership team

2026-08-31
Business development engine defined High Parent / LV

Owner Bob Kennedy

Ensures 3–7 individual Rocks align to a clear company-level BD priority.

Done when…
Tom BD consulting agreement fully executed; written BD playbook produced (target profiles, give-before-you-get process, LIHTC lists, demo/permit monitoring, outreach metrics); Q4 BD scorecard defined with 3–5 weekly measurables agreed and ready for use.

Depends on: Tom as primary BD; LV leadership for capacity input

2026-08-31
LIHTC closing checklist built High Dev / LV

Owner Bob Kennedy

Converts “begin Francis construction” into a controllable process Rock.

Done when…
Complete written LIHTC developer-side closing checklist covering all documents, back-and-forth items, and consultant deliverables needed to close Francis as a LIHTC deal (developer side, tax-credit equity, and debt closing only); checklist validated against Francis documentation and explicitly marked as reusable for Third Street and Reseda.

Depends on: Chris Andresen and Derek for inputs; Francis closing experience

2026-08-31
Mandate Claude Cowork adoption with an easy Projects manual Medium Parent / LV

Owner Chris Aiello

Directly supports org-wide AI adoption you discussed in the Q3 meeting.

Done when…
Short, plain-language manual explaining Claude Cowork Projects (how to set up, return to, and maintain per-deal projects) distributed to the team; Cowork usage required across the org for at least 3 active deals, evidenced by Projects with multiple updates over the quarter.

Depends on: Derek to drive org-wide adoption; Derek’s AI workflows

2026-07-15
Board portal and Steyn reporting standard finalized High Parent / LV

Owner Chris Aiello

Combines “Finalize board portal” and the Steyn reporting IDS into one Company Rock.

Done when…
Board portal finalized in a Steyn-accepted format, incorporating LV open items; Steyn-Six Peak reporting handoff standard (single format and checklist) agreed by Bob, Chris Aiello, and Chris Andresen; portal and standard used for at least one monthly reporting cycle by 9/30.

Depends on: Steyn sign-off; data from LV and finance

2026-08-31
LV 3rd-party platform and capacity readiness defined Medium LV

Owner Tom Taggart

Anchors Tom’s BD Rocks and keeps them within LV’s execution capacity.

Done when…
Written LV 3rd-Party Platform Brief (service lines, target buyer profile per line, fee structure, contract posture, explicit “won’t do” list) completed; joint written capacity-readiness assessment with Grady covering 18-month committed load and required hires; recommendation on earliest credible go-to-market window (for example, Q4 2026 vs Q1 2027) documented and reviewed in L10.

Depends on: Grady and LV senior team for bandwidth and hiring assumptions

2026-08-30

Deferred / Q4 (1) — not scored this quarter

LV bonding and growth roadmap documented Medium LV

Owner Bob Kennedy

Keep as future Rock; not scored as a Q3 Company Rock per your instruction.

Done when…
Bonding memo completed summarizing current capacity, project pipeline, track record, and target capacity by year through 2028; meeting held with Travelers to present the case and agree on quantitative milestones for increased capacity; at least one supplemental surety or alternative structure explored and documented, even if not pursued.

Depends on: Travelers; LV delivery performance

Q4 2026

Individual Rocks

By owner

Bob Kennedy 0 / 2

Company Rocks owned

Finance engine institutionalized
Six Peak HoldCo operating system fully live
Business development engine defined
LIHTC closing checklist built

Future-state accountability chart and off-ramp plan drafted Medium Parent

Supports the HoldCo operating system Rock.

Done when…
Future-state accountability chart (including LA-based CEO / BD closer and COO) drafted; quantitative triggers for each role (revenue, EBITDA, backlog, cash) defined; simple PL model showing cost vs incremental billings completed; first draft reviewed with Chris Aiello by the Q4 2026 planning session.

Depends on: Chris Aiello input

2026-08-31
Benefits & employment attorney-produced memo on LV / Six Peak 401(k) Medium LV / Parent

Compliance + tax savings.

Done when…
ERISA guidance letter in hand confirming compliance for comparable benefit plans

Depends on: Outside legal counsel; HR support

2026-08-31

Chris Aiello 1 / 5

Company Rocks owned

Mandate Claude Cowork adoption with an easy Projects manual
Board portal and Steyn reporting standard finalized

Complete Tom’s transition from asset management to BD High Parent / LV

Aligns Tom fully with BD engine.

Done when…
By 9/30, (a) Tom delivers Ramsgate PM proposals and Chris finalizes PM with Ramsgate LP (with Derek support), (b) Chris takes over Reading effective 7/1, and (c) Tom hands 100 percent of Melrose back to Steyn Group; all documented in writing and communicated.

Depends on: Derek; Steyn

2026-07-01
Refine construction-estimating skill High LV / Parent

Supports BD engine and LV platform Rocks.

Done when…
By 9/30, the estimating skill is refined and validated against LV’s historical bids (Francis, Ramsgate, HVN, Greg Smith’s sheets) so indicative pricing lands within an agreed tolerance, and it has been used on at least one live BD opportunity.

Depends on: Data from LV, Derek, and Greg

2026-08-31
Sell 626 Wilton High Dev

Close on sale to Category

Done when…
By 7/15/2026, either (a) current offer is accepted and under contract, or (b) a written fallback business plan (hold, develop, or re-market path) with financial case is approved by partners.

Depends on: Partners’ decision; market inputs

2026-09-15
Finalize AI sister-company deal Medium Parent / LV

Subordinate to Company Rocks but important.

Done when…
By 8/1/2026, signed term sheet or executed agreement with one of the two AI sister-company prospects, defining structure and economics.

Depends on: Counterparty timing

2026-08-01
9033 Ramsgate PM Proposals

Finalize all proposals and present recommendation to Kinfolk

08-31-26

Chris Andresen 0 / 5

Finalize board-portal financial reporting process High Parent / LV

Supports Company finance engine and board-portal Rocks.

Done when…
Board-portal financial reporting updated monthly for 3 consecutive months with reconciled actuals vs model and MDAs prepared in time for the finance review; process documented so it is repeatable.

Depends on: Data from LV; Bob for expectations

2026-08-15
Put in place a non-recourse revolving LOC High Parent

Not a Q3 Company Rock, but a clear individual Rock aligned with the finance engine.

Done when…
Target facility size, structure (true non-recourse or limited recourse), and covenant package defined with Bob and Chris Aiello; at least 3 lenders screened, with 2 term sheets received and compared; one facility approved and documented, with internal use-of-proceeds and draw/repay guidelines agreed by Bob and Chris Aiello.

Depends on: Chris Andresen leads lender process

2026-10-31
Finalize restructure of equity positions under SPC & CLH2 Medium Parent

Clear binary completion.

Done when…
All positions restructured into intended SPVs; new entities formed; financials and cap tables updated to reflect the structure; coinvestment agreement and Hunton steps completed.

Depends on: Legal (Hunton); coinvest partners

2026-08-15
Implement Claude in at least one LV finance workflow Medium LV

Mirrors Robert’s AI Rock; both remain individual.

Done when…
At least one recurring LV finance workflow (for example, employee reimbursements and related AP) fully or partially automated using Claude, running in production for 2 consecutive months.

Depends on: LV finance team; AI tools

2026-08-15
Evaluate construction-specific finance software Low LV

Keeps software evaluation bounded.

Done when…
List of alternative construction-finance / ERP options produced; pros/cons documented for each, including AI integration; summary presented to Bob and LV leadership with a recommendation to keep Yardi or pilot an alternative.

Depends on: Vendor transparency

2026-08-31

Derek Sanders 0 / 3

Execute Ramsgate offsite conduit proposal High LV

Fully in Derek’s “execution lane.”

Done when…
Subcontractor mobilized and actively trenching in the street; all LADWP refund documentation executed; underground trenching work underway, even if it bleeds into Q4.

Depends on: LADWP permits; lender approvals

2026-08-30
Develop LIHTC closing operating manual High Dev / LV

Keeps Francis outcome external but process internal and controllable.

Done when…
“Operating Manual for future LIHTC closings” drafted, referencing the Company LIHTC checklist; includes playbook for internal roles, sequencing, and communication; reviewed and approved by Bob and Chris.

Depends on: Bob; Chris

2026-08-30
Assist Jonah/LV on AI workflow build Medium LV

Supports Company AI adoption Rock.

Done when…
1–2 AI workflows built and actively tested and used by the project team for at least one LV project; Grady has a working dashboard view for those workflows.

Depends on: Jonah; engineering resources; staff adoption

2026-08-30

Grady Lakamp 0 / 2

Implement Claude in PM/PC roles High LV

Tightly coupled with Company AI adoption Rock.

Done when…
PM team using Claude Cowork for Excel file management, drafting, and file organization on at least two active projects; usage demonstrated via Projects logs.

Depends on: PM/PC team buy-in; manual from Chris

2026-08-30
Finalize onsite staffing for 2026 projects High LV

Supports Tom’s capacity-readiness Rock.

Done when…
HVN portfolio and Francis staffed with full-time superintendents; at least 3 additional onsite supervising staff hired or signed to offers and assigned to 2026 projects.

Depends on: Recruiting; compensation approvals

2026-08-30

Robert Carrega 1 / 3

Create monthly checklist for financial statements and LV pay apps Medium LV / Parent

Supports finance engine.

Done when…
Monthly checklist drafted and implemented for LV financial statements and pay apps; used for at least 2 monthly closes; improvements captured (for example, reduced errors or rework).

Depends on: LV finance team; project accounting

2026-07-31
Create SOPs for repeated finance tasks Medium LV / Parent

Ties directly to EOS process component.

Done when…
Repeated tasks identified; at least 3 core SOPs drafted and in use; SOPs stored in a shared location and referenced at least once per month.

Depends on: Bob / Chris for priority ranking

2026-07-31
Implement Claude in one LV finance workflow Medium LV

Duplicate in concept with Chris’s Rock, but each focused on different workflows is fine.

Done when…
At least one recurring LV finance workflow automated with Claude, running in production for 2 consecutive months; stands alongside, but separate from, Chris’s AI Rock.

Depends on: AI tools; LV finance team

2026-08-15

Schuyler Dietz 0 / 4

Begin Fundraising process for UL Foundation High Parent

Done when…
Identify major capital investors that will anchor the ~$200mm raise with a timeline to fund closing

Depends on: General apetite for the bonds in the market. this is a novel financing mechanism, but if it works, it opens up an entirely new business line

2026-07-31
Complete all regulatory hurdles for Uplifters Foundation HighIn progress Parent

TEFRA Hearing is now complete, need Council Resolution and Letter from Mayor

Done when…
When all the paperwork is approved by the City. 1) TEFRA Hearing 2) Council Resolution 3) Mayor's letter of supp

Depends on: Entirely on the City's timelines

2026-07-31
Streamline LV 3rd-party reporting system High LV

Within his control and directly valuable.

Done when…
Semi-automated reporting system built where LV staff input monthly project updates into a standard template; at least one client or investor receives the new report for 2 consecutive months.

Depends on: LV project teams; AI tools

2026-08-31
Have signed LOI's with all UL Foundation Vendors for a turnkey rebuilds High Parent

Done when…
Have signed LOIs with three GC's who agree to build within our framework, parameters and pricing

Depends on: Apetite of Design Build GC's to sign GMP contracts with a single company

2026-08-31

Tom Taggart 0 / 2

Company Rock owned

LV 3rd-party platform and capacity readiness defined

Develop LV marketing pitch Medium LV

Aligns with platform definition.

Done when…
4–6 page pitch deck completed, covering unique product offering, case-study summaries, execution capabilities (sector, size, schedule, complexity), key team members, and differentiated relationship approach; reviewed with LV leadership.

Depends on: LV leadership for case studies

2026-08-30
Build 3rd-party buyer landscape Medium LV

Desk-research quarter, not outreach quarter.

Done when…
Targeted contact list built for owners, developers, capital allocators, and key service providers within LV’s geographic and sector sweet spots; outreach plan (phasing) aligned with capacity-readiness recommendation.

Depends on: Output from platform and capacity Rocks

2026-08-30

Past quarters 15 archived

✓ Bob Kennedy LIHTC Parking Study Oversight Q2 2026
✓ Chris Aiello Update BBC memo for 4/13 IC meeing Q2 2026
✓ Chris Aiello & Chris Andresen Finalize 3rd St Closing 4/21 Q2 2026
✓ Chris Andresen & Robert Carrega Finalize Remaining Restructure Items Q2 2026
✓ Chris Andresen & Robert Carrega Review the board portal for accuracy of expenses Q2 2026
✓ Company AI Workflow Q2 2026
✓ Derek Sanders & Tom Taggart Reading Utility bill back issue Q2 2026
✓ Derek Sanders (discuss with Grady) Construction photo plan Q2 2026
✓ Schuyler Dietz 8350 Reseda HOA dialogue Q2 2026
✓ Schuyler Dietz Create a targeted list of outbound dev. site leads Q2 2026
✓ Schuyler Dietz Finalize uplifters memo and term sheet Q2 2026
✓ Schuyler Dietz & Chris Aiello Monthly Reporting to Justin Kruger Q2 2026
✓ Schuyler Dietz & Chris Aiello Revise LV website Q2 2026
✓ Tom Taggart LIHTC Parking Study Q2 2026
✓ Tom Taggart Reading Lease renewal plan Q2 2026

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