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| EXECUTIVE SUMMARY | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Olympic Commercial & Residential Construction, L.L.C.Olympic Commercial & Residential Construction, L.L.C. ("Olympic") is in the business of restoring hurricane-damaged, deficiently-repaired homes and commercial properties, as well as performing general contracting work. Also, Olympic undertakes new construction for residential and commercial properties. Further, Olympic serves as a sub-contractor for large commercial projects. In 2007, Mr. Maurice Hurst and Mr. J. Douglas Sunseri agreed to purchase a majority interest in Olympic. Mr. Hurst brings his business experience as an executive in the NFL and experience in construction and development of residential property in the Greater New Orleans area to Olympic. Mr. Sunseri brings his 20 years of legal experience in business and construction to Olympic. From 2003-present, Mr. Hurst and Mr. Sunseri served as the owners of HMS Properties, LLC, an entity restoring numerous blighted residential properties in the Greater New Orleans area. LOCATION Olympic is located at the following address: 3000 18th Street Olympic leases its office from 18th Street Holding, LLC. The office has 2 conference rooms and access to 6,400 square feet. The administrative staff, general counsel and accounting department function at this location. EXECUTIVE SUMMARY Olympic is in the business of restoring hurricane-damaged, blighted homes and commercial properties as well as undertaking new construction projects. Further, Olympic processes will be calculated and precise to ensure quality work and quick turnover. The president of Olympic, Maurice Hurst, former NFL football player, emphasizes hard work and attention to detail to ensure excellent product. Olympic concentrates all its creative energy on the success of Olympic. Olympic’s advisors play an essential role in the success of the company. All advisors have experience in real estate law and/or finance and will be available to Olympic throughout the life of the business. The law firm of Nicaud, Sunseri & Fradella, L.L.C., in Metairie, Louisiana will serve as legal counsel for Olympic. The Greater New Orleans area was devastated by Hurricane Katrina on August 29, 2005. Many neighborhoods and commercial hubs are located in areas built before the 1950s. In the aftermath of Hurricane Katrina, the Greater New Orleans area is in need of revitalization and restoration. The Greater New Orleans area is absolutely ideal for sound investment and hard work. The Greater New Orleans area will be restored to its former greatness in part through the energy and creativity of Olympic. Vision Strive for perfection in the rehabilitation and construction of family residences, multi-family homes, and commercial properties. Further, Olympic seeks to build new residential and commercial properties. Also, Olympic may serve as a sub-contractor for large commercial jobs. Mission Olympic is determined to be a successful leader in residential and commercial rehabilitation through ethical and socially-responsible business practices and work product. Olympic vows to maintain a vested interest in the rebuilding of our businesses and neighborhoods. Tagline We will help you build the home and/or commercial property for your prosperity. Further, Olympic will assist as sub-contractor in large commercial projects. Company Name The legal name of Olympic is: Olympic Commercial & Residential Construction, L.L.C. Legal Form of Business Olympic is incorporated as an LLC at the following location: 3000 18th Street MANAGEMENT SUMMARY Olympic is owned and operated by Maurice Hurst and J. Douglas Sunseri. Maurice Hurst serves as president of Olympic. Mr. Hurst will serve as project manager. Joseph Ravannack will serve as construction manager, overseeing all on-site activity. He has extensive experience in carpentry and has worked for the past 7 years on various properties in the Greater New Orleans area. Mr. Hurst is an experienced and successful businessman with the necessary knowledge to direct Olympic in restoring New Orleans to its former glory. Mr. Hurst developed his management style as an executive in the National Football League (NFL) after his playing career. Management Background Maurice Hurst - President/Owner Mr. Maurice Hurst serves as president of Olympic. Mr. Hurst has developed and constructed property in the Greater New Orleans area including Central City, New Orleans East, Faubourg Marigny, Treme, 9th Ward, 7th Ward, Kenner and Metairie. Mr. Hurst served as project manager in his previous company, HMS Properties, LLC. Subsequent to Hurricane Katrina, Maurice has decided to forego his career as an executive in the NFL to pursue his vocation in the construction industry. As a lifetime resident of New Orleans, Maurice has a personal interest in the redevelopment of the Greater New Orleans area in the aftermath of Hurricane Katrina. Mr. Maurice Hurst grew up in the Carrollton area in New Orleans. He graduated from Fortier High School in 1985. He attended Southern University in Baton Rouge, Louisiana on a football scholarship from 1985-1989. At Southern University, he was a Division 1-A All American playing defensive back. Maurice was a fourth (4th) round draft pick by the New England Patriots in the 1989 NFL Draft. Maurice played for the New England Patriots from 1989-1995. Coach Bill Parcells called Maurice the “smartest” defensive back he had ever coached. Mr. Hurst retired in 1996 due to an injury while playing for the St. Louis Rams. From 1998-2000 Mr. Hurst served as a Director of Player Programs for the New Orleans Saints. In addition to his duties as a scout and coach, he assisted players in securing housing upon signing with the New Orleans Saints. In 2003-2004, Mr. Hurst served as a scout for the Dallas Cowboys. Also he served as a special assistant coach to Bill Parcells. Mr. Hurst served on the same coaching staff as Head Coach Sean Payton of the New Orleans Saints; Tony Sporano, Head Coach of the Miami Dolphins, and Jeff Ireland, General Manager of the Miami Dolphins. From 2002-2007, Maurice served as Project Manager/Consultant to HMS Properties, LLC. In said capacity, he redeveloped blighted residential properties in the Greater New Orleans area. Presently, Maurice Hurst is the CEO of Olympic. He is specializing in redeveloping and repairing commercial and residential properties in the Greater New Orleans area. Presently, Mr. Hurst, his wife and children reside in Chateau Estates in Kenner, Louisiana. Joseph O. Ravannack - Construction Manager - Licensed Contractor Mr. Joe Ravannack is a co-owner of Olympic. Mr. Ravannack has been involved in the construction industry in various capacities, including but not limited to renovation and redevelopment of blighted properties. Since Hurricane Katrina, Mr. Ravannack has specialized in repair of hurricane-damaged properties including properties in historical districts and subject to regulations by the HDLC. Mr. Joe Ravannack grew up in Metairie and is a 1980 graduate of East Jefferson High School. Mr. Ravannack enlisted in the United States Navy in December 1981 and retired on Commander Naval Reserve Force Staff in January 2002. Further, while in the Navy, he graduated with a Bachelor’s Degree in Business Administration from St. Leo College in Ohio. Upon his return to Louisiana, he served as a Wresting Coach at Northshore High School, St. Paul High School and Mandeville High School. Thereafter, Mr. Ravannack began his career in the construction industry. Mr. Ravannack has special expertise in renovating and rehabilitating blighted properties and hurricane-damaged properties, including properties in various historic districts in the City of New Orleans. From 2002-2005, Mr. Ravannack served as foreman for HMS Properties, LLC. Thereafter in 2005, Mr. Ravannack served as Project Manager for JDS Holdings, LLC. Further, Mr. Ravannack has performed complete renovations of properties on the Westbank, Algiers, Metairie, Kenner, 9th Ward, New Orleans East, Central City, Lakeview and the Northshore. Mr. Ravannack is a licenced contractor with the Louisiana Licensing Board for Contractors in Baton Rouge, Louisiana. He is licensed as a Commercial Contractor No. 88616 and Residential Building Contractor No. 46163. J. Douglas Sunseri - General Counsel/Owner Mr. J. Douglas Sunseri is an owner and legal counsel of Olympic. Mr. Sunseri is one of the founding partners in the law firm of Nicaud, Sunseri & Fradella, L.L.C. established in 1994. Mr. Sunseri specializes in business law, commercial litigation, insurance and construction law. Also, from 2003-present, Mr. Sunseri has developed residential properties with Mr. Maurice Hurst through their company, HMS Properties, LLC. Since his admission to the Louisiana Bar in 1988, Mr. J. Douglas Sunseri has practiced in diverse areas of the law. From 1990-1994, Mr. Sunseri worked under Attorney J. Williams Becknell, the legal counsel for Mr. John Mecom, Jr. and his affiliated companies. Mr. Mecom was the initial owner of the New Orleans Saints and had numerous holdings in oil & gas, hotels, real estate, professional sports and related businesses. As a result, Mr. Sunseri was fully educated in broad areas of law and business. Mr. Sunseri has participated in litigation involving employees, insureds, employers, insurers, and self-insured funds for property/casualty, employers’ liability, employment discrimination, and workers’ compensation claims. Other areas of practice consist of insurance coverage, flood claims, hazard claims, wind-driven rain claims, business interruption, errors and omissions liability for insurance agents/insurance companies. Mr. Sunseri’s practice also encompasses commercial litigation, mergers and acquisitions, incorporations, corporate agreements, employment contracts, licensing for intellectual property, leases, real estate, estate planning, wills, trusts and successions. Since Hurricane Katrina, Mr. Sunseri has specialized in a broad range of insurance issues including insurance coverage, flood v. wind-driven rain, business interruption and construction claims. Mr. Sunseri’s litigation experience includes jury trials in state and federal court. Mr. Sunseri also practices before workers’ compensation judges with the Louisiana Department of Labor, administrative law judges and Special Masters assigned by the National Football League. He has directed litigation to the United States Supreme Court in connection with the National Football League and the National Football League Players Association (NFLPA). Mr. Sunseri has conducted numerous seminars on topics involving Hurricane Katrina, construction law, insurance claims, flood v. wind-driven rain claims, employment issues, workers’ compensation and estate planning. From 1988-1998, Mr. Sunseri served as a Contract Advisor for the National Football League Players Association representing over 50 NFL players in various capacities. From 1996-present, Mr. Sunseri was legal counsel for licensing agreements involving the National Football League (NFL), NFLPA, Professional Golf Association (PGA), NCAA, Super Bowl, Sugar Bowl, LSU, Tulane, Ohio State, University of Florida, Florida State, Texas A&M, the New Orleans Saints, Coach Mike Ditka and Coach Tommy Bowden. Recently, Mr. Sunseri was legal counsel for obtaining the licensing rights from the NFLPA for the Fantasy Football Board Game. Since Hurricane Katrina, Mr. Sunseri has made numerous appearances on WDSU-TV Channel 6 newscasts as a legal analyst on insurance issues and contracting issues in the construction industry. Also, he has testified on behalf of the Louisiana Association of Business and Industry on employment and insurance issues in the Louisiana Legislature. Further, Mr. Sunseri has made numerous appearances on ESPN, ESPN Radio WWL 870 AM, USA Today, NBC and other local media outlets in connection with representing clients in the professional sports industry. Personal: Education: Admissions: Professional Memberships: ADVISORS Banking and Finance: Regions Bank serves as Olympic’s financial institution. Licensed General Contracting: Olympic is a general contractor licensed by the Louisiana Licensing Board for Contractors. Olympic is licensed as a Residential Building (# 88616), Commercial Building Construction (#46163) and Home Improvement Contractor (# HI 0551839). Further, Olympic’s General Liability Carrier is Colony Insurance Company and their Workers’ Compensation Carrier is Bridgefield Casualty Insurance Company. Olympic’s insurance agent is Sprague Williams of Williams Insurance Agency in Zachary, Louisiana. Sub-Contractors: Workers will be paid based on experience and skill. Specific team leaders and workers will be assigned to projects by Olympic, allowing Maurice and Joe to begin focusing on an increasing number of future investments and financing. Olympic uses sub-contractors for HVAC, plumbing and electrical, which are licensed and insured with the State of Louisiana. Engineers: Mr. Kennon Crockett of K Crockett Designs will serve as a consulting engineer for Olympic. Mr. Crockett’s office is located at 1828 Hermosa Street, New Orleans, Louisiana 70114. He is a licensed civil engineer, specializing in the design of residential, multi-family and commercial properties. CPA/Accounting: Ms. Jan Cotaya, CPA will serve as the CPA for Olympic. Ms. Cotaya has served as a CPA for the past 2 years. She has served as the CPA for numerous businesses and construction companies including HMS Properties, LLC and Nicaud, Sunseri & Fradella, LLC. Low Voltage Wiring and Information Technology Mr. Johnathan Brock at Precysion Technology Services, LLC, 119 Sierra Court, Metairie, LA 70001, serves as a vendor and consultant for Olympic Construction for issues and implementation of low voltage wiring and information technology. Legal Counsel The law firm of Nicaud, Sunseri & Fradella, LLC, 3000 18th Street, Metairie, LA 70002, serves as the legal counsel for Olympic Construction. PRODUCTS Olympic is not selling just a product but a tool for the rebuilding of Southern Louisiana. Olympic will be developing residential, rental and commercial properties in the Greater New Orleans area. Specifically, quality rehabilitated homes and commercial properties in markets that demonstrate strong growth potential and revitalization. Further, Olympic will develop rental properties in the Greater New Orleans area. At the present time, the Greater New Orleans area is experiencing a backlog of demand for government subsidized housing. This will provide purchasers of rental properties consistent rental income. Also, Olympic would serve as a sub-contractor for large commercial projects. COMPETITION Currently, there are numerous local firms that deal in residential construction and home improvement. However, many of the construction companies performing repairs and redevelopment in the aftermath of Hurricane Katrina are inefficient, inexperienced and unqualified. Olympic is locally owned and understands the architecture and "vibe" unique to the Greater New Orleans area and South Louisiana. Further, Olympic is the sole and exclusive contractor for HMS Properties, LLC, 4443-45 Wilson, LLC, and JDS Holdings, LLC. Olympic deals primarily in the area of renovation or new construction, residential development, rental property, multi-family units and commercial property. They will also be directly and indirectly involved in real estate, property management and sub-contracting. Overall, Olympic believes that there are enough blighted properties to warrant continued entry into this industry. Further, local, state and federal governments are dedicating enormous amounts of money in Southeast Louisiana. Olympic is focusing on creative and effective ways to win motivated buyers and investors as well as cultivating a lasting relationship to assist in the return of South Louisiana to its greatness. Certifications and Memberships: Olympic (Tax ID 59-3818879) is a member of the following professional organizations and certified in the following categories for governmental agencies:
Past Job References:
Building Supply Credit References:
Sub-Contractors Regularly Used: Carpentry: Olympic |
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