1987-01-12 Reading Housing Authority Minutes

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READING HOUSING AUTHORITY Minutes _of_the (W The Reading Housing Authority January 12, 1987 at 7:30 P.M. Town of Reading, Massachusett properly posted in accordance _Meeting_of_January_12,_1987 met in regular session on Monday, at 22 Frank D. Tanner Drive in the S. Notice of this meeting had been with the By -laws. The meeting was called to order by the Chairman, Mr. Dempster. Those members also present and forming a quorum were: Ms. Swain and Mr. White. Ms. Plansky, the Executive Director, was also pre-sent. The board welcomed Mr. William Mcisaac to-the Board. As the new State appointee, Mr. Mcisaac will serve until 1991. Minutes: Upon a motion duly made by Mr. White and seconded by Ms. Swain, it was unanimously VOTED: To accept for the record, the minutes of the regular meeting of November 24, 1986, copies of which had been previously distributed to the members for their review. The Chairman then declared said motion carried and said vote in effect. Finances CWUpon a motion duly made by Ms. Swain and seconded by Mr. White, it was unanimously VOTED: To approve and pay check /billroll for 667 -C in the amount of $15,573.87. To accept for the record the monthly financial statement, as corrected. The Chairman then declared said motion carried and said vote in effect. The Board requested that the payment of $5511.90 be made to 705, the payment of $7029.34 be made to.the Town of Reading Contributory Re- tirement system; and that the Director and Chairman determine what amount could be transferred to MMDT -667 account. The Director reported on the problems encountered with the new HUD policy of holding subsidy payments for the local housing authorities until the 1st of the Month. The Authority has requested that HUD directly wire our money to BayBank to insure coverage of landlord payments, which are scheduled for the..lst under the HAP agreement. The Director will transfer funds to cover the payments until the direct wiring of funds from HUD has commenced, Upon a motion duly made by Ms. Swain and seconded by Mr. White, it was unanimously VOTED: To close out the Mass. Bank 689 account and open an MMDT account with those funds. ,,. Upon a motion duly made by Mr. White and seconded by Ms. Swain, it was unanimously VOTED: To authorize the Chairman to sign the amended Contract for Financial Assistance which increases the 705 grant amount from $390,0.00, to $737,000 for the 6 units of family housing. The Chairman then declared said motion carried and said vote in effect.