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READING HOUSING AUTHORITY
<br />Minutes of the Regular Meeting - June 18, 1984
<br />(Rescheduled from June 11. 1984)
<br />The Reading Housing Authority met in regular session on Monday, June 18, ',1984
<br />at 7:30 P.M. at 22 Frank D. Tanner Drive in the Town of Reading, Massachusetts. This
<br />meeting was scheduled to replace the June 11, 1984 meeting which was cancelled a to
<br />lack of a quorum. Notice of this meeting had been properly posted in accordance with
<br />the By-Laws.
<br />The meeting was called to order by the Vice - Chairman, Mr. Westra, in the
<br />absence of the Chairman. Those other members present were Mr. Rand, Mrs. Swain,
<br />and Mr. White, forming a quorum. Mrs. Pierce, the Executive Director, was also
<br />present.
<br />A motion was made by Mr. Rand and seconded by Mr. White, and unanimously:
<br />VOTED: To accept for the record, the Minutes of the Regular Meeting held!,
<br />on May 14+,-1984, copies of which had previously been mailed to all members.
<br />The Vice - Chairman thereupon declared said motion carried and said vote in effmtl.
<br />A notion was made by Mr. White and seconded by Mrs. Swain, And:uhanimously:
<br />VOTED: To ratify the checks signed at the cancelled meeting of June 11
<br />for payment at that time, and to approve and pay additional checks at this ntde'ti g
<br />`'ok a total of $16,176.08 for 667 -C, and $2,183.76 for Section 8. A list of those
<br />,,necks is attached to, and made a part of these Minutes.
<br />The Vice - Chairman thereupon declared said motion curried and said vote in effect,.
<br />Mrs. Pierce next reported on the financial condition of the Authority,
<br />stating that the balance in the BayBank Middlesex Checking Account for 667 -0 was'',
<br />$6,785.99 as of May 31, 1984. With the payment of the above bills due at this
<br />time, upon the date of this meeting, there was a deficit balance in this account
<br />of $3,733.06• This was due to a large payment of $3,173.26 to the Reading Coin b-
<br />utory Retirement Fund for FY 85. Mrs. Pierce explained to the Board, that the Town
<br />was allowing the payment of only 1/3 of the total bill of $9,519.78 at this time
<br />inasmuch as the Authority's funds are currently low, pending payment at the end of
<br />FY 84 by the, State for the operating subsidy. The balance is to be paid before
<br />the end of August. Currently, there is a balance in the M.M.D.T. account of o ly
<br />$5,676.17 lAus interest. It was also reported that all rents had been collect d
<br />for the month of June, totalling $8,738.00.
<br />It was also noted, that, to ease the deficit balance above, a Section'.8
<br />administrative reimbursement was due during the month, but the exact amount was
<br />not known until the Accountant works up the figures. Therefore, upon a motion
<br />made by Mr. White, and seconded by Mr. Rand, it was unanimously:
<br />VOTED: To withdraw from the M.M.D.T: account, an amount up to $2,000,
<br />which, together with the Section 8 reimbursement, would cover the bills for the
<br />`month; and to accept the Financial Report as read.
<br />Lne Vice - Chairman thereupon declared said motion carried and said vote in effect.
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