1981-05-18 Reading Housing Authority Minutes

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READING HOUSING AUTHORITY (W Minutes of the Regular Meeting - May 18, 1981 The Reading Housing Authority met in regular session on Monday, Noy 18, 1981 at 7 :30 P.M. at 22 Frank D. Tanner Drive in the Town of Reading, Massach- usetts. This meeting had been postponed on May 13th due to lack of a quorum. The meeting was called to order by the Chairman, Mr. Dempster. Those m also present were Mr. Johnson, Mr. Ogden and Mr. Westra, forming a quorum. Mrs. Pierce, the Executive Director, and Mr. Crouse, bookkeeper for the Authority, w also present. As of this date, Mr. Ogden's reappointment as the State Member not been renewed, and he felt that he should not vote at this meeting. Upon a motion made by Mr. Westra and seconded by Mr. Johnson, it was unanimously: VOTED: To accept for the record, the Minutes of the regular meeting April 15, 13U1, copies of which had previously been mailed to all members. The Chairman thereupon declared said motion carried and said vote in effect. Upon a motion made by Mr. Johnson and seconded by Mr. Westra, it was mouslys VOTED: To ratify the signing of checks on May 13th by Mr. Dempster and Mr. Westra the amount of $9,512.82 for 667-C, and $1,005.93 for Section 8,,'a $545.40 for Modernization. A list of these checks is attached hereto and made L,art of these Minutes, and had been previously mailed to all members. The Chairman thereupon declared said motion carried and said vote in effect. Mrs. Pierce reported that with the payment of the above checks for '667 -C there would be a deficit balance in the BayBank Checking Account in the amount of $1,680.22. Also, money was needed in the BayBank Checking account for Modern- ization to cover those monthly checks. In order to expedite payment of the bills, Mr. Dempster and Mr. Westra had signed a withdrawal check from the savings account, which has a current balance of $19,653.10 plus interest. All rents were paid also Therefore, a motion was made by Mr. Johnson and seconded by Mr. Westra, and unanimously: VOTED: To ratify the withdrawal of $2,500 from the M.M.D.T. account for deposit of $2,000 into 667-0 funds and $500 into the Modernization account, and to accept the Financial Report as read. The Chairman thereupon declared said motion carried and said vote in effect. Mrs. Pierce had previously mailed to the members, copies of a letter from T.O.C.D. concerning the availability of Chapter 121B Planning Funds. These fun( are available for economic development and urban renewal planning activities at the local level, should be of short duration and should lead to "action plans" which can be implemented immediately. Two basic drawbacks to applying for these funds are first, that a cash contribution of a minimum of 25% of the costs must be borne by the applicant; and secondly, that the deadline for application is May 22nd, leaving little time for completion of the forms. Mr. Johnson said he heard that EOCD was going to extend the application date, however. 1.