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ACDC Minutes - 08/31/2021

MINUTES

AUBURN COMMUNITY DEVELOPMENT CORPORATION

The Board of Director's Regular Meeting

August 31, 2021

The Board of Directors of the Auburn Community Development Corporation ("ACDC") met on Tuesday, August 31, 2021 at the Auburn Housing Authority located at 931 Booker Street, Auburn, AL 36832. Due to COVID19, conference call was available for the general public at (712) 775-7031, access code 311-546.

CALL TO ORDER

The Board of Director's Regular Meeting was called to order at 1:39 pm by Sharon Tolbert, President.

ROLL CALL

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

Others Present: Sandra Sanders (Staff), Michael Syme (Attorney), and Kristen Packard (Financial Consultant)

Absent: None
There was a quorum for the purpose of conducting business.

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 Waldrop moved that the Agenda be approved as received. Director White 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 July 26, 2021 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. CDBG CARES Finance Report
Directors were provided the CDBG CARES Finance Report. Secretary/Treasurer Torbert reviewed the report.

UNFINISHED BUSINESS

A. Food Pantry Update
President Tolbert provided an update of the Food Pantry. There was various dialogue about the Food Panty.

B. Bedell Village Update
Discussed under New Business.

NEW BUSINESS

A. Resolution FYE2022-001: Bedell Village Best and Final
Resolution FYE2022-001 was introduced by President Tolbert. The Resolution approves increasing the Best and Final Offer to purchase property located at 889 Lunsford Drive in Auburn, Alabama in the amount of $3,0000,000. Michael Syme and Kristen Packard discussed the details of the Best and Final Offer and the recommendation to increase the offer to $3,000,000 in an effort to remain competitive. There were various discussions regarding the proposed purchase.

President Tolbert asked for a motion to approve Resolution FYE2022-001. Director Waldrop moved that the resolution be approved as received. Director Torbert seconded said motion and all members voted aye. Director Smith abstained. President Tolbert declared the Resolution approved.

A. Next Meeting
The next meeting will be held on September 28, 2021.

OTHER BUSINESS

There was no additional business.

ADJOURNMENT

There being no further business, President Tolbert asked for a motion to adjourn. Director Waldrop moved that the meeting be adjourned; Director White seconded. The meeting was adjourned at 2:09 pm.