March 13th, 2025

This is a correction to a figure cited on pages 50-55 of the board book, in relation to the new staff benefits package. Documents cite an anticipated annual cost of $252,546 and a savings of $223,690.90 in 2025 when compared to the budgeted amount. The correct figures should be a total projected cost of $296,046 (including existing benefit contract for Q1 and new contract for Q2-4) for projected savings against budget of $180,191.

To consider and take appropriate action to a potential 2025 budget amendment for the Corporation.

To consider a proposal and take appropriate action regarding engaging an auditing firm for the corporation.

To consider and take action to ratify the execution of a renewed employee benefits contract.

To approve the execution of an amended and restated ground lease and a second amended and restated agreement of limited partnership; execution of certain agreements in connection with financing of the project; and containing other provisions relating to participation in a multifamily residential development known as Silver Springs Apartments.