GBHA Properties 1 Inc. retains officers and approves small operating budget starting July 1, 2026

The Chair called the May 21, 2026 meeting of GBHA Properties 1 Inc. to order and the board moved, seconded and approved the meeting agenda and the minutes of the February 19 meeting by voice vote.

The board then considered the selection of officers. A Board member moved to retain the current slate of chair, vice chair and secretary; the motion received a second and the board approved retention of the existing officers by voice vote.

The board next reviewed and approved the GBHA 1 Inc. operating budget for the fiscal year beginning July 1, 2026. The Board member summarized the entity's role and finances, saying the entity "owns the property" at the scattered sites and that revenues are held in a bank account used to pay insurance and audit fees. The Board member also reported, "Our revenues are exceeding our expenses," and added that with approximately two more months of revenues and no planned additional expenses the entity should remain in a positive position. After discussion the Chair called for a motion; a motion and second were recorded and the operating budget was approved by voice vote.

During the informational portion of the meeting the Board member delivered a financial report echoing that revenues exceed expenses. The board noted this meeting served as an annual meeting and that the date of the next meeting would be announced later.

A motion to adjourn was made, seconded and approved by voice vote, and the Chair adjourned the meeting.

The meeting record does not specify individual board member names, vote tallies, or the exact dollar totals for the approved budget; those details were not provided in the meeting packet or the transcript.