1993-11-08 Reading Housing Authority Minutes

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READING HOUSING AUTHORITY Minutes of the Meeting of November 8,1993 A regular business meeting of the members of the Reading Housing Authority was held on Monday, November 8, 1993 at 7:30 P.M. at the office of the Authority, 22 Frank D. Tanner Drive in the Town of Reading, Massachusetts. The meeting was called to order at 7:30 P.M. with the Acting Chairman, Mr. Reynolds, presiding. Those members present and forming a quorum were: Ms. Galvin and Mr. Allen. The Executive Director, Ms. Plansky, was also in attendance. Mr. McIsaac and Mr. Sweet were present subsequent to the opening of the meeting. Minutes Upon a motion duly made by Mr. Allen and seconded by Ms. Galvin, it was unanimously VOTED: To approve and accept for the record the minutes of the meeting of October 4, 1993, as presented. The Chairman then declared said motion carried and said vote in effect. Finances The Board reviewed the checkroll /billroll and landlord payroll for the period as presented. Upon a motion duly made by Mr. Allen and seconded by Ms. Galvin, it was unanimously VOTED: To approve and sign the checkroll /billroll for the perio, from check #1214 -1247; and payroll check #100 -124, inclusively. The Chairman then declared said motion carried and said vote in effect. Report of Programs The Executive Director reviewed the financial reports as prepare by Fenton, Ewald and Associates for the period ending October 31, 1993 with the Board members. The Director reported that FY 194 has 53 week pay periods; one of these weeks will be readjusted to accurately reflect the salaries for this fiscal year. Loan Agreement - Reading Cooperative Bank: Locus Property The Board reviewed the loan agreement from the bank for the pro erty at 173- 175 -177 Main Street. Upon a motion duly made by Mr. Allen and seconded by Ms. Galvin, it was unanimously VOTED: To approve and authorize the Chairman or Executive Dire for to sign the Loan Agreement as required for the mortgage to purc ase