Annual Meeting Minutes, April 15, 2025

Minutes for the April 15, 2025 Clarksville CDC Annual Meeting

Board members present: Amanda Cox, Billy Edwards, BJ Friedman, Malcolm Greenstein, Paula Hern, Felecia Miller, Kim O’Brien, Chris Thomas

 Others present: Emily Green, Lou Rigler, Randi Shade, Heather Way

1.              Presentation of the “State of the CCDC” Annual Report.

Chris Thomas, President.

A copy of the President's Report is posted on the CCDC website.

2.              Presentation regarding the CCDC’s Financial Status.

BJ Friedman, Treasurer.

A copy of the Treasurer’s Fiscal Year 2024 report (October 2023-September 2024)  and other documents are posted on the CCDC website.

3.              Presentation regarding the CCDC’s housing program.

Brad Prak, Property Manager.

Brad reported that it was a challenging year. Over the past two years, we have reinvested in our housing stock, taking on needed major repairs. Costs have been high. And often, units had to be empty in order to take on the projects, meaning revenue was down. Our vendors have been understanding and we’re able to pay them in installments. In addition to empty units due to repairs, for a variety of reasons, our tenant turnover has been higher than usual. In the short term, we are limiting expenses, while taking care of regular maintenance and tenant issues. As repairs have been completed and units are refilling, our bottom line is improving.

4.              Announcement of Election Results.

Kim O’Brien, acting as Election Administrator.

23 members voted, a 12% participation rate.

Aubrey Carter, Billy Edwards, BJ Friedman, and Felecia Miller were elected to serve 2-year terms, which will end at the end of April 2027.