January 2024 Meeting Summary

Summary of COMIDA Meeting for January 16th, 2024
Observed by Deborah Rice Gordon
This COMIDA meeting can be viewed at:  https://www.youtube.com/watch?v=AKw8FQHxD0A
Public Comments
Timothy Starwald from Iron Workers Union local #33 asked for clarification on a local labor waiver for the Fairlife project.  Specifically, is the required certification to install the berm wall for the contractor or the individual worker?  The Board responded that the certification policy applies to the individual.  The paperwork for this waiver has not been issued as of this date.  The Board will investigate and get back to Mr. Starwald.
Monitoring reports: Financial Report
The end of year numbers finished strong with $5.6 million in cash and equivalents.  A little more than $4 million was invested in treasuries. Income was $5.9 million and two projects closed in the last quarter and accounted for over 80% of income.  Ten percent of fee revenue was committed to the workforce development fund.  Overall, this was one of the best years on record.

Project Modifications:
The following modification request was approved: Executive Director Update Finance Committee Update An executive session was held to discuss litigation.  The Board did not return afterward.