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ACDC Minutes - 06/10/2025

MINUTES

AUBURN COMMUNITY DEVELOPMENT CORPORATION

The Board of Director's Annual Meeting

June 10, 2025

The Board of Directors of the Auburn Community Development Corporation (ACDC") had its Annual Board meeting on Tuesday, June 10, 2025 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 Annual Meeting was called to order at 12:01 PM by Sharon Tolbert, President.

ROLL CALL

Directors Present: Deborah Hand, Rene Waldrop, Marguerite White, and Sharon Tolbert

Directors Absent: Nolan Torbert and Robert Smith
Others Present: Wendy Cochran and Michael Syme

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 Waldrop 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 April 29, 2025, 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 Hand 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
President Tolbert reviewed the May 2025 grant revenue, expenses, and available balance. The Board was provided detailed reports for open grants. President Tolbert asked for a motion to accept the May 2025 Treasure's Report. Director Waldrop moved to accept the report. Director White seconded said motion and all members voted aye.

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 through May 2025. There were various discussions.

NEW BUSINESS
A. Resolution FYE2025-005: Smart Bank Foundation Grant Resolution FYE2025-005 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 $1,000 grant from the Smart Bank Foundation to support the Food Pantry.

President Tolbert asked for a motion to approve Resolution FYE2025- 005. Director Waldrop moved that the resolution be approved as received. Director White seconded said motion and all members voted aye. President Tolbert declared the resolution approved.

B. Resolution FYE2025-006: Elect Chairperson and Vice Chairperson
Resolution FYE2025-006 was introduced by President Tolbert. The resolution was to appoint a President, Vice President and Secretary/Treasurer for 2025 - 2026. The nominations were as follows: President: Sharon Tolbert, Vice President: Marguerite White, and Secretary/Treasurer: Nolan Torbert.

President Tolbert asked for a motion to approve Resolution FYE2025- 06 for the said nominations. Director White moved that the resolution be approved as received. Director Hand seconded said motion and all members voted aye. President Tolbert declared the resolution approved.

C. Next Meeting
The next meeting will be held on July 29, 2025.

OTHER BUSINESS

There was no Other 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 12:08 PM.