[Cottonwood Development Corporation Meeting]
          [00:00:09]
          >>> WILL CALL THIS MEETING TO ORDER. THE FIRST ITEM IS -- HAVE ANY PUBLIC COMMENT? LET'S MOVE ON TO ITEM 4.1. DISCUSSION AND POSSIBLE ACTION RELATING TO THE COTTONWOOD DEVELOPMENT CORPORATION FISCAL YEAR '24 FINANCIAL REPORT AND PROPOSED 
          FOR '24-'25. >> THANK YOU. ALBERTA BARRETT, FINANCE DIRECTOR. THE COTTONWOOD DEVELOPMENT CORPORATION AT THE END OF THE SCHOOL YEAR IN 2023 HAD A NEGATIVE BALANCE OF 1003 75 AREA. DURING THIS YEAR, DURING THE PROJECTED FY '2024:, WE HAD ATTORNEY FEES ESTIMATED TO BE 64,001 SIX 25. WE WILL TRANSFER IN FROM THE GENERAL FUND TO COVER THE DEFICIT AND THOSE ATTORNEY FEES FOR X TO 5000 -- 65,000 TO BRING THAT TO ZERO. THEN NEXT YEAR, WE ARE ESTIMATING THE ATTORNEY FEES TO BE 65,000 AND WE WILL TRANSFER THAT EXACT AMOUNT IN FROM THE GENERAL FUND TO COVER THOSE COSTS AND KEEP THE FUND BALANCE AT ZERO. ANY QUESTIONS? I CAN HELP ON THAT. THE ESTIMATE ON ATTORNEYS FEES WE DID GET FROM 
          OUR ATTORNEY. >> IF THERE ARE NO QUESTIONS, I WILL ENTERTAIN A MOTION TO APPROVE THE BUDGET 
          >> I MAY A MOTION TO APPROVE THE FY '25 BUDGET AS 
          PRESENTED. >> SECOND. OKAY. MOTION BY BOARD MEMBER CLARK. SECOND BITE CHAIR GORDON. I WILL CALL THE VOTE. 
          4.2. CONSIDERATION OF POSSIBLE ACTION REGARDING THE JUNE 15TH, 2023 COTTONWOOD DEVELOPMENT CORPORATION MINUTES. 
          >> I MAKE A MOVE TO ACCEPT THE MINUTES AS PRESENTED. 
          >> I WILL CALL THE VOTE. CLARK. 
          >> AYE. >> GORDON. 
          >> AYE. AYE.
* This transcript was compiled from uncorrected Closed Captioning.