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ACDC Minutes - 04/30/2024

MINUTES

AUBURN COMMUNITY DEVELOPMENT CORPORATION

The Board of Director's Regular Meeting

April 30, 2024

The Board of Directors of the Auburn Community Development Corporation ("ACDC") had its Regular Board meeting on Tuesday, April 30, 2024. The meeting was held at the Auburn Housing Authority located at 931 Booker Street, Auburn, AL 36832

CALL TO ORDER

The Board of Director's Regular Meeting was called to order at 1:01 PM by Sharon Tolbert, President.

ROLL CALL

Directors Present: Robert Smith, Deborah Hand, Marguerite White, Rene Waldrop, Nolan Torbert and Sharon Tolbert

Directors Absent: None
Others Present: Tabitha Griffin (Staff), Marquita Floyd (RAB-Virtual)

APPROVAL OF THE AGENDA

President Tolbert asked if there were any changes to the Agenda. There were no changes. President Tolbert asked for a motion to approve the Agenda. Director White moved that the Agenda be approved as received. Director Torbert seconded said motion and all members voted aye. President Tolbert declared the Agenda approved.

APPROVAL OF MINUTES

President Tolbert asked if there were any corrections to the March 26, 2024, Regular Meeting Minutes. There were no changes. President Tolbert asked for a motion to approve the Minutes. Director White moved that the Minutes be approved. Director Torbert seconded said motion and all members voted aye. President Tolbert declared the Minutes approved.

PUBLIC COMMENTS

There were no public comments.

TREASURER'S REPORTS

A. Finance Report
Secretary/Treasurer Torbert reviewed the March 2024 grant revenue, expenses, and available balance. The Board was provided detailed reports for each grant allocation.

UNFINISHED BUSINESS

A. Food Pantry Update
Directors were provided with a copy of the Food Pantry Update Report. President Tolbert reviewed the report to include Food Pantry visits and special outreach events.

B. Affordable Housing
There was no affordable housing report.

NEW BUSINESS

A. RESOLUTION FYE2024-001: 2024 Cadence Bank Foundation Grant Award
Resolution FYE2024-001 was introduced by President Tolbert. Directors were provided with a copy of the resolution and supporting documentation. President Tolbert informed the Board that the resolution is to approve the grant award from the Cadence Bank Foundation for $500 to support the Food Pantry.

President Tolbert asked for a motion to approve Resolution FYE2024- 001. Director Waldrop moved that the resolution be approved as received. Director Torbert seconded said motion and all members voted aye. President Tolbert declared the resolution approved.

B. RESOLUTION FYE2024-002: CBDG Budget Amendment
Resolution FYE2024-002 was introduced by President Tolbert. Directors were provided with a copy of the resolution and supporting documentation. President Tolbert informed the Board that the resolution is to approve the grant award from the City of Auburn for $50,000 to support the Food Pantry. The funds are funded by the 2021 CDBG-CV grant.

President Tolbert asked for a motion to approve Resolution FYE2024- 02 for the said nominations. Director Smith moved that the resolution be approved as received. Director Waldrop seconded said motion and all members voted aye. President Tolbert declared the resolution approved.

C. Next Meeting
The next meeting will be held on May 28, 2024.

OTHER BUSINESS

There was no Other Business.

ADJOURNMENT

There being no further business, President Tolbert asked for a motion to adjourn. Director White moved that the meeting be adjourned; Director Waldrop seconded. The meeting was adjourned at 1:10 PM.