1981-09-14 Reading Housing Authority Minutes

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READING HOUSING AUTHORITY Minutes of the Regular Meeting - Sept. 14. 1981 tw The Reading Housing Authority met in regular session on Monday, Septem 14, 1981 at 7 :30 P.M. at 22 Frank D. Tanner Drive in the flown of Reading, Mas usetts. Notice of this meeting had been properly posted in accordance with By -Laws. The meeting was called to order by the Vice - Chairman, Mr. Johnson. Hewel- comed to the Board, Mr. William Rand, recently appointed by the Governor as a member replacing Richard Ogden whose term had expired. Those other members also present were Mr. White and Mr. Westra, forming a quorum. Mrs. Pierce, the Executive Director, was also present. Upon a motion made by Mr. Westra and seconded by Mr. White, it was VOTED: To accept for the record, the Minutes of the regular meeting h on August 0 1981, copies of which had previously been mailed to all members. The Vice - Chairman thereupon declared said motion carried and said vote in Upon a motion made by Mr. White and seconded by Mr. Westra, it was VOTED: To approve and pay checks and bills in the amount of $6,094.60 f 667 -C andT9920.68 for Section 8. A list of these checks is attached hereto and made a part of these Minutes, and had been previously mailed to all members. he Vice - Chairman thereupon declared said motion carried and said vote in effect rnd all checks were signed. At this point Mr. Dempster entered the meeting, assumed his role as Chair and zviterated Mr. Johnson's welcome to Mr. Rand. Next, Mrs. Pierce reported on the financial condition of the Authority, s ing that there was currently a balance in the BayBank checking account, after payment of the above checks, of $8,740.09 for 667 -C. The reason for this excess was the receipt of $5,547 from E.O.C.D. which was the Authority's portion of the utility reimbursement from the HEAP Program application. The current balance in the M.M.D.T'. savings,,account was $24,582.50 plus interest. This included a deposit of $23,300 of Modernization funds which were received during the month. Also, it was reported that all-'rents for the month of September had been received in the amount of $8,172. This was the first mon of the new increases in rents. In order to obtain the maximuminterest from the M.M.D.T. account, a motio was made by Mr. White and seconded by Mr. Westra, and unanimouslys VOTED: To withdraw $8,500 from the checking account and deposit it into the M.M.D.T. savings account until it is needed; and also to approve the Financ. Report as read. The Chairman thereupon declared said motion carried and said vote in effect.. 1.