1994-07-18 Reading Housing Authority Minutes

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READING HOUSING AUTHORITY Minutes of the Meeting of July 18,1994 A regular business meeting of the members of the Reading Housing Authority was held on Monday, July 18, 1994 at 7:30 P.M. at the office of the Authority, 22 Frank D. Tanner Dri, the Town of Reading, Massachusetts. The meeting was called to order at 7:30 P.M. with tl acting Chairman, Mr. Sweet, presiding. Those members present and forming a quorum we Mr. Reynolds, and Mr. Allen. The Executive Director, Ms. Plansky, was also in attendanc, Minutes Upon a motion duly made by Mr. Allen and seconded by Mr. Reynolds, it was unanirr VOTED: To approve and accept for the record the minutes of the meeting of June 13, presented. The Chairman then declared said motion carried and said vote in effect. Finances Upon a motion duly made by Mr. Allen and seconded by Mr. Reynolds, it was unanimousl: VOTED: To approve and sign the checkroll/billroll for the period from check #1625 -1680 payroll checks #333 -379, as presented. The Chairman then declared said motion carried and said vote in effect. At this point in the meeting Mr. McIsaac, the Chairman, arrived and presided over the rem agenda items. Mr. Allen and the Executive Director reported on the Federal Home Loan Bank's (FHLB) Community Building Program, which provides discounted rates for affordable housing proj through member banks. Mr. Allen reviewed the details of the program requirements. The Executive Director outlined the possible property that could be acquired under this prograrr After careful review and consideration, and upon a motion duly made by Mr. Sweet and seconded by Mr. Reynolds, it was unanimously in as VOTED: To authorize the Executive Director and Mr. Allen to work on relevant projects r the FHLB's Community Building Program and to work on a plan with a member of the FHLB, with preference to a member bank of the Massachusetts Thrift Fund, and to expend any and all costs related thereto from Section 8 Operating Reserves. The Chairman then declarled said motion carried and said vote in effect. The Chairman signed the previously approved Contract for Financial Services between F Ewald and Associates and the Reading Housing Authority.