1982-11-09 Reading Housing Authority Minutes

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READING HOUSING AUPHORITY Minutes of the Regular Meeting - November 9, 1982 The Reading Housing Authority met in regular session on Tuesday, Novem 9, 1982 at 7:30 P.M. at 22 Frank D. Tanner Drive in the Town of Reading, Mass. Notice of this Meeting had been properly posted in accordance with the By -La The meeting was called to order by the Chairman, Mr. Dempster. Those members also present were Mr. Johnson and Mr. Rand; forming a quorum. Mrs. Pierce, the Executive Director, was also present. 1 Upon a motion made by Mr. Rand and seconded by Mr. Johnson, it was unani- mously: .VOTED: To accept for the record, the Minutes of the Regular Meeting . held October 12, 19820 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. Johnson, and unanimously: VOTED: To approve the payment of checks and bills for 667-0 in the amount of 7,7.52.03s for Section 8 in the amount of $1,631.34; and for the new 689-1 Project in the amount of $425.00. Copies of the,-.]List of these checks had been previously mailed to all members, and are made a part of these Minutes. The Chairman thereupon declared said notion carried and said vote in effect, ai the checks were signed. Mrs. Pierce reported that the balance in the BayBank Middlesex checking account for 667-0 was $18,115.06 as of October 31, 1982. This included a che+ for subsidy from F*CD of $16,608 which had just been deposited. The balance the M.M.D.T. savings account was $20,114.32 plus interest as of the date of th. meeting, a a! $6,493 of that amount is being held for the Modernisation Program All rents for the month of November have been collected, totalling $8,596.00. At this point, a notion was made by Mr. Johnson and seconded by Mr. and unanimously: VOrE�D: To deposit $18,500 into the savings account from the checking account for interest, and to approve the Financial Report as read. The Chairman thereupon declared said motion carried and said vote in effect. Patricia Rensello, the Section 8 Administrator, was present at this timq to discuss with the Board, several items concerning the Section 8 Program. St first reported on the Existing Program, under which 53 units are currently unde lease of the 55 wader Contract with HUD, - 31 of the S3 are family and 22 are elderly. Under the Mobility Program the Authority is the issuing h9st to the Authority and the Medford Housing Authority for one unit each, and the host to one unit in North Reading. Lynn 1.