1983-05-09 Reading Housing Authority Minutes

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READING HOUSING AUTHORITY Minutes of the Regular Meetin& --%y 9, 1983 The Reading Housing Authority met in regular session on Monday, May 9, 1983 at 7:30 P.M. at 22 Frank D. Tanner Drive in the Town of Reading, Massachusetts. Notice of this meeting had been properly posted in accordance with the By -Laws. The meeting was called to order by the Chairman, Mr. Dempster. Those mem- bers also present were Mr. Westra and Mr. Rand, forming a quorum. Mrs. Pierce, the Executive Director, was also present. A motion was first made by Mr. Westra and seconded by Mr. Rand, and unanimously: VOTED: To accept for the record, the Minutes of the Annual Meeting held April 12,, 1983, copies of which had previously been mailed to all members. The Chairman thereupon declared said motion carried and said vote in effect. Another motion was made by Mr. Rand and seconded by Mr. Westra, and unanimously: VOTED: To approve the payment of bills and sign checks for 667 -C in the amount of 11,173.57 and to ratify and sign checks for the Section 8 Program in the amount of $1,279.34 and Project 689 -1 for $612.00. A list of these bills had pre- viously been mailed to all members, and are attached hereto and made a part of these Minutes. The Chairman thereupon declared said motion carried and said vote in effect. Iv ,xs. Pierce reported on the financial condition of the Authority, advising that the balance in the BayBank Middlesex Checking account as of April 30, 1983, was $369.19. With the payment of the above checks due at this time, this account would show a deficit balance of $ 742.04. The current balance in the M.M.D.T. Savings account for 667 -2, was $27,208.75 plus interest. All rents had been paid for the month of May, totalling $8,690.00. Mrs. Pierce also reported that the two new Money Market accounts discussed at previous meetings were now established with MassBank for Savings in Reading - with current balances of $16,312.26 for Section 8, and $58,000.00 for Project 689 -1. At this time, a motion was made by Mr. Westra and seconded by Mr. Rand, and unanimously: VOTED: To withdraw $1,000 from the M.M.D.T. to cover current expenses, and to accept the Financial Report as read. The Chairman thereupon declared said motion carried and said vote in effect, and a check was drawn on the M.M.D.T. account. Mrs. Pierce gave the members an update on Project 689 -1 and the status of its development. She said that all the paperwork on the sale of the property, including the Plan of Land recently obtained, had been forwarded to E.O.C.D., and was assumed to be satisfactory. The Contract for the Architect, John Walker, had been approved, but to date he has not presented any preliminary drawings or speci- fications on the work to be done to renovate this property for the purpose intended. 0 1.