October 2014 Newsletter

On Tuesday, September 23, 2014, Build Industries board of directors discussed the following matters:

  • The Directors reviewed the company’s current sick leave policy and discussed whether or not there would need to be any changes made to comply with the new part time employee paid sick leave law enacted in California.
  • The Board also considered the impending expiration of the current lease agreement in San Fernando, and discussed possible terms which should be proposed if Build was considering extending the San Fernando lease agreement.
  • Build President and CEO, Matt Lynch discussed a prospective property which is currently operating as a charter school in the city of San Fernando. Mr. Lynch discussed the benefits and costs associated with acquiring the property as a new location for Build’s licensed facilities and also discussed the possible specified conditions which should be met if the company enters escrow.
  • The Board of Directors reviewed the company’s annual Program Evaluation summary for the prior year.  Discussions centered around Isabel Boniface various elements of each program’s current performance and possible opportunities and challenges which will be faced in the coming year.
  • The Board appointed a nominating committee and chairman, who were entrusted with the responsibility of nominating candidates for election as Directors and Officers of the Board of Directors for the coming year.
  • A discussion transpired surrounding the personnel policies and any suggested changes. The period of time allowed for employees to suggest changes had expired with no changes submitted.
  • The Board also discussed the annual Build Rehabilitation client Christmas party, which has been set for December 12, 2014.
  • President Lynch also notified the Board of Directors that the date of the second annual ILS Client Art Show had been changed from the first week of December, and moved up to early November. The actual date of the event will be announced shortly.
  • The Board also revisited the likely consequences which will emanate from a plan by the city of Los Angeles, to significantly increase the minimum wage. Most notably, the issue of prevailing wages for clients in the work activity program and concerns regarding decreased ability to remain competitive with local cities outside of Los Angeles such as San Fernando, Burbank, Santa Clarita and Simi valley.
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