1980-04-15 Reading Housing Authority Minutes

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READING HOUSING AUTHORITY Minutes of the Regular Meeting - April 15, 1980 The members of the Reading Housing Authority met in regular session at 7 :30 P.M. on Tuesday, April 15, 1980, at 22 Frank D. Tanner Drive in the Town of Reading, Massachusetts. The meeting was called to order by the Chairman, Mr. White. Those members also present were Mr. Dempster, Mr. Johnson, Mr. Ogden and Mr. Westr�, forming a quorum. Mrs. Pierce, the Executive Director, was also present. A motion made by Mr. Dempster and seconded by Mr. Johnson was unanimouslys VOTEDt That the Secretary's Report for the meeting held March 110 1980 be accepted as read. The Chairman thereupon declared said motion carried and said vote in effect.! A motion was made by Mr. Johnson and seconded by Mr. Dempster, and unanimously: VOTED: To approve and pay checks and bills, a list of which is attached hereto and made a part of these Minutes, in the amount of $9,247.85' for 667 -C. The Chairman thereupon declared said motion carried and said vote in effect,', and the checks were signed. At this time, the Board reviewed the Quarterly Operating Statement for the period ended March 31, 1980, and all line items seemed to be in line with the budgeted figures for this particular time period. Mrs. Pierce them reported that the balance in the BayBank M jdlesecchecking account as of March 31st was $802.78, for 667 -C. As of the date of thh meeting, with all of the above checks to be paid, the balance in this account would be a deficit of $2,181.07. Mrs. Pierce reminded the members that as of April 1st, the new forward funding regulation was going into effect, and the Authority should be receiving a portion of the annual deficit soon. However, in the meantime, in order to cover expenses, a motion was made by Mr. Johnson and seconded by Mr. Westra, and unanimouslys VOTED: To withdraw $3,000 from the M.M.D.T. account for current payments. The Chairman thereupon declared said motion carried and said vote in effect. It was also reported that the balance in the M.M.D.T. account was $22,984.70 and that all rents for the month of April had been paid in the amount of $6,264.00. Upon a motion made by Mr. Ogden and seconded by Mr. Westra, it was unanimously: VOTED: To accept the Financial Report as read. 1.