Rob Holmlund

The Board of Directors conducted a regular meeting where they addressed several key administrative and operational items. The meeting included the appointment of a new Director to the Board and the adoption of a new quarterly meeting schedule. The Board also reviewed financial statements and received an Executive Director's report. Furthermore, the Board adopted an audit for the fiscal year 2023/2024.

The board addressed various items including the adoption of minutes and the authorization for the Executive Director to execute an extension agreement to stay rent and loan payments. Discussions were held regarding Peninsula infrastructure and emergency repairs, as well as bay-wide projects. Additionally, the board reviewed updates on sewage treatment plant operations, permitting, and letters of support for community grants, alongside the election of board officers.

The Board discussed the update on the New Market Tax Credit loan termination timeline, process, and preliminary costs, though no formal action was taken on this item. Additionally, the Board approved the exercise of the option to assign the purchase and sale of APN# 401-031-083 to the Humboldt Bay Harbor, Recreation and Conservation District. Future agenda items were identified, specifically regarding an evaluation of the association's financials to determine potential contributions to the Samoa Peninsula Fire District.

The Board adopted the Audit Report for Fiscal Year 2022-2023 and the Preliminary Budget for Fiscal Year 2024-2025. Additionally, the Board discussed the Humboldt Bay Development Association Lease as an informational item, with no formal action taken.

The Board reviewed the financial status report regarding the 2018-2019 audit and voted to accept the audit for submission to the New Market Tax Credit program. Additionally, the Board received an update on the New Market Tax Credit status, approved a new agreement with the Humboldt Bay Harbor District for administrative services, and discussed occupancy and future development options for the Redwood Marine Terminal II.