1994-09-26 Reading Housing Authority Minutes

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READING HOUSING AUTHORITY Minutes of the Meeting of September 26, 1994 A regular business meeting of the members of the Reading Housing Authority was held on Monday, September 26, 1994 at 5:30 P.M. at the office of the Authority, 22 Frank D. Tanne Drive in the Town of Reading, Massachusetts. The meeting was called to order with theVic - chairman, Mr. Sweet, presiding. Those members present and forming a quorum were: Mr. Allen, Mr. Reynolds, and Ms. Galvin. Mr. McIsaac was conferenced in by telephone for his input during discussion. The Executive Director, Ms. Plansky, was also in attendance as well as Mr. Robert McNeil from Locus Property Management and his construction supervisor for the Greenhouse development. Also present was Selectperson, Sally Hoyt. Linkage - Greenhouse Development Mr. McNeil gave on overview of his current position at Greenhouse Acres: 47 of the 54 remaining units to be built have been sold. He has scheduled passings and needs another 13 certificates of occupancy (CO) released. Mr. McNeil and the Executive Director met and discussed the progress of the second building, which is scheduled to be turned over to the RHA on or before January 15, 1994. Both parties agreed that a construction schedule, materials list and work items list would be formulated within the next 10 days. Mr. McNeil also asked that the Board release the four (4) remaining COs on the Main Street property and consider granting the early release of nine additional COs with the Summer Avenue property. The agreeement between Locus and the RHA calls for release of 9 COs for each unit turned over to the RHA The Board discussed the release of the four remaining COs for the Main Street property and agreement between the Director and Mr. McNeil for the required work/materials /constructic schedule. Upon a motion duly made by Mr. Allen and seconded by Ms. Galvin, it was unanimously VOTED: To authorize the release of the four (4) remaining Certificates of Occupancy with the Main Street property released to the Reading Housing Authority. The Chairman then declared said motion carried and said vote in effect. After a protracted discussion regarding the early release of nine (9) COs for the Summer A property, the Board felt that some security must be provided to insure the performance of tl work and the provisions of the existing agreement between the parties. Upon a motion dul, made by Mr. Allen and seconded by Ms. Galvin, it was unanimously VOTED: To authorize the advance release of nine (9) Certificates of Occupancy for the Avenue property dependent upon the following requirements: 1) - an escrow account in the amount of Fifty Thousand ($50,000.00) Dollars be established name of the Reading Housing Authority in order to guarantee performance and work; 2) - that passing of papers on this property will be completed by November 30, 1994 upon conditions in existing agreement between parties; 3) - The work/materials /construction schedule will be approved by Executive Director with in the