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READING HOUSING AUTHORITY <br />Minutes of the Executive Session of the adjourned Meeting of August 15, 1995 <br />A regular Board meeting of the Reading Housing Authority was held on Tuesday, August 15, <br />1995 at 7:30 P.M. at the Town Hall, 16 Lowell Street in the Town of Reading, Massachusetts. <br />The Chairman, Reverend Robert K. Sweet, Jr., called the meeting to order. Due to a lack of <br />quorum, the meeting was adjourned until Wednesday, August 16, 1995 at 7:30 P.M. and was <br />held at the office of the Authority, 22 Frank D. Tanner Drive in the Town of Reading, <br />Massachusetts. Those members present and forming a quorum were: Mr. Sweet, Mr. Reynol <br />and Mr. Allen. Ms. Plansky was also in attendance along with the Authority's attorney, Mr. <br />Greco. <br />Upon a unanimous roll call vote, the Board adjourned to Executive Session to discuss the real <br />estate matters pending with the Bear Hill development. <br />Mr. Sweet gave an overview of the events that had transpired since the last meeting. <br />8/6/95 - Board met and voted to require that the 13 units of affordable housing be as <br />follows: <br />11 units for sale; 2 units donated to RHA <br />10 units with 2 BR ( 2 with garages): <br />5 @ 2BR, 2 B at $99,900 ( "A" Units) <br />2 @ 2BR, 1.5 B at $108,000 ( "C" Units) <br />2 @ 2BR, 2B at $108,000 ( "E" or "G" Units) <br />1 @ 2BR, 2B donated to RHA ( "E" or "G" Unit) <br />3 units with 3 BR ( 2 with garages): <br />2 @ 3BR, 2B at $127,000 ( "H" Units) <br />I @ 3BR, 2B donated to RHA ( "H" Unit) <br />8/9/95 - Letter received by Executive Director regarding offer of all 2 BR units <br />containing 1.5 baths. Also stated that the "affordable" units will be the same as all market <br />rate units. <br />ED checked with attorney and sent letter to Board of Selectmen and Town Manager <br />stating that no such offer had been made. Sent copies of transmittal to Board memb <br />ED went on vacation. <br />8/10/95 - ED sent info to Don Allen for cost comparison information. Mr. Allen said <br />thought that Mr. Sweet had said something about all units having 1.5 baths. <br />8/11/95 - Mr. Sweet called Sally Hoyt to tell her of the confusion. Mr. Dolben had <br />offered the units before a break and in the confusion the offer had not been heard by <br />others and was not put on the table for discussion during deliberations. <br />