1980-09-08 Reading Housing Authority Minutes

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READING HOUSING AUTHORITY Minutes of the Regular Meeting - September 8. 1980 The members of the Reading Housing Authority met in regular session at 7:30 P.M. on Monday, September 8, 1980 at 22 Frank D. Tanner Drive in the Town of Reading, Massachusetts. The meeting was called to order by the Chairman, Mr. Dempster. Those mem- bers also present were Mr. White, Mr. Johnson, Mr. Westra and Mr. Ogden, forming a quorum. Mrs. Pierce, the Executive Director and Patricia Renzello, Section'8 Administrator, were also present. Upon a motion made by Mr. Westra and seconded by Mr. Johnson, it was unanimously: VOTED: To accept for the record, the Minutes of the regular meeting held August 11, 1980, copies of which had previously been mailed to all members. The Chairman thereupon declared said motion carried and said vote in effect. Upon a motion made by Mr. Johnson and seconded by Mr. Westra, it was unanimouslys VOTED: To approve and pay checks and bills, a list of which is attached hereto and made a part of these Minutes and previously had been mailed to all' members, in the amount of $4,921.52 for 667-C. The Chairman thereupon declared said motion carried and said vote in effect, and the checks were signed. Mrs. Pierce reported that the balance in the BayBank Middlesex checking account for 667-0 as of August 31, 1980 was $4,900.49. After payment of the above approved checks, the balance in this account was $6,620.97• The balance. in the M.M.D.T. savings account at this time is $28,229.68 plus interest. All, rents for the month of September had been collected, totalling $6,642. This was the first month of the new rents as redetermined by the latest rent review. A motion was made at this time by Mr. White and seconded by Mr. Johnson,'. and unanimously: VOTEDs To draw a check for $4,000 on the BayBank Middlesex account to be deposited to the M.M.D.T. account to obtain the maximum interest on the Authority's money; and to accept the Financial Report as read. The Chairman thereupon declared said motion carried and said vote in effect. Mrs. Pierce presented the Board with a copy of•the Revised Budget for the current fiscal year. Due to the fact that there was a delay on the part of E.O.C.D. to put the new Rent Determination Regulations into effect, and the un+ certainty on whether or not the 1980 Social Security increase would be include$ in the income for this year, the Budget submitted on May 31, 1980 did not refloct the correct income figures. Therefore, the figures have been revised and thel, new deficit for the year is now $21,258 rather than $18,253, as modified by E.O.C.D. Upon a motion made by Mr. Johnson and seconded by Mr. Westra, it was unanimously: VOTED: To approve the Revised Budget as submitted, and to authorize the Chairman to sign for the Board. i 1.