HomeMy WebLinkAbout2024-10-11 CHA MinutesAPPROVED
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Caldwell Housing Authori Date Z 12- 2.
October 11, 2024
CHA Community Center and via ZOOM
Board Members Present: Arnoldo Hernandez. Estella Zamora, Patricia Benedict, Jim Porter.
and Sid 17reeman
Board Members Absent: Robert Acosta, Adam Garcia and Brad Doty
Staff \9embers Present: Alike Dittenber. Teresa Sanchez, Marisela Melchor. Dominique
it-loreno. and Rosario Soto
Guests Present: None
In Order of Business
1. Roll call and call to order:
Arnold called the meeting to order at 12:20 p.m.
2. Agenda Approval
Jim Porter made a motion to approve the October meeting agenda, seconded by Sid Freeman.
and approved hN the hoard at 12:21 p.m.
3. Approval of the .tune 2t124 Meeting Minutes
Patricia Benedict made a motion to approvc the August 2024 meeting minutes with corrections.
seconded bN- Jim Porter, and approved b}- the Board at 12:22 p.m.
4. September financial report
Rosario Soto provided the financial report and updated the Board. He indicated Rice House
expenses were high. but the Sunwest construction loan of $700,000 was on schedule for
December approx al. I le indicated the loan was in the final process of approval but was awaiting
the property eN aluation by the County Assessor. Jim Porter made a motion to approve the
September financials. seconded by Estella Zamora and approved by the Board at 12:26 p.m.
5. Non -Profit Corporation
Mike spoke about the necessity to create a 501(c)33 to assist with CHA's fundraising efforts for
some of'the community projects undertaken b}- CHA. After some discussion, it was decided the
Board should proceed N%ith starting the non-profit but wanted to see the final documents prior to
submission to the taxing agencies and prier to final approval from the Board. Jim Porter made a
notion to give "tat'f provisional permission to create a non-profit corporation contingent on final
approval al a later meetinu,. seconded by Sid Freeman and conditionally approved by the Board
at 12:52 p.m.
6. 2025 pent Structure
Rosario Soto distribute([ a handout and spoke to the necessity of making a 2025 rent adjustment.
He ntentioned ho%% CI IA �Nas currently using the 2022 federal rent structures and how our
financial solmare sug�1-ests Cl IA is leaving a considerable amount of stoney on the table with
the current ,[rueture. I le iniormed the Board that making an adjustment to the 2025 FMR would
cause a 40"'o increase in rent that might be hard for the tenants to swallow. Mike also indicated
that lie was not in lit or ol'a .lartuary I" increase. rather supporting a March I" increase. After
sonic discussion. the Board decided to continue the discussion until a later date when more
information could he pro%ided.
7. Executive Session
Paricia Benedict made a motion to enter executive session to discuss matters not disclosable
under tilt la%%. seconded bN Jim Porter and approved by the Board at 1:15 p.m. The Board exited
EscctttiVC Session at 1:30 p.m.
8. Actions after Executive Session
Jim Porter oracle a motion to approve the director's salary request. seconded by Patricia Benedict
and appro,,ed by the Board at 1:35 p.m. The Board approved a $4,300 performance bonus for
the executii'e director and authorized a 3.31% increase in his salary to $113,630 annually and
effective January L 20_'5.
11. Adjourned
I he Board exited ]-xel'tttilt Session and A"I+W t4# P.M.
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Certified:
President, Board of Directors
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�xecutive Director
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