HomeMy WebLinkAbout1995-07-10 Reading Housing Authority MinutesA regular business meeting of the members of the Reading Housing Authority was held on Mon
10, 1995 at 7:30 P.M. at the office of the Authority, 22 Frank D. Tanner Drive in the Town of R
Massachusetts. The meeting was called to order at 7:30 P.M. with the Chairman, Mr. McIsaac,
Those members present and forming a quorum were: Mr. Reynolds, and Mr. Allen. Mr. Sweet
Reynolds both joined the meeting while in progress. The Executive Director, Ms. Plansky, was
attendance.
Upon a motion duly made by Mr. Allen and seconded by Ms. Galvin, it was unanimously
VOTED: To accept for the record the Minutes of the Meeting of June 12, 1995, as presented.
The Chairman then declared said motion carried and said vote in effect.
Upon a motion duly made by Mr. Allen and seconded by Ms. Galvin, it was unanimously
VOTED: To approve and sign the checkroll/billroll for the period from check #2234 -2286 for
payable; and checks #704 -738 for payroll.
The Chairman then declared said motion carried and said vote in effect.
Rev. Robert K. Sweet, Jr. joined the meeting at this point.
Upon a motion duly made by Mr. Allen and seconded by Mr. Sweet, it was unanimously
VOTED: To approve the following income limits for the Massachusetts Rental Voucher
effective March 1, 1995, as follows:
# of Household Members
1
2
3
4
5
6
7
8
Over 8
200% of Poverty_ Level
$ 14,940
20,060
25,180
30,300
35,420
40,540
45,660
50,780
Add $5,120 for each additional
household member
ly, July
siding.
Mr.
in
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Minutes
7/10/95
The Chairman then declared said motion carried and said vote in effect
Mr. Reynolds joined the meeting at this point.
1, umage - neaarinis Lottery System
The Board discussed the concept of resale for the "linkage units" associated with Bear Hill. In concept the
Board approves the following: To allow the right of first refusal to any interested person who is in the
pool or is on a list kept current with interested prospective purchasers; subsequent to that, the owner at
resale could then sell the property within the confines of the indexing factor to income - qualified buyers at
large.
Mr. Allen reported on a meeting that he and the Executive Director attended regarding financing Assisted
Living Facilities within the Commonwealth by area banks, REITs, pension funds, etc. which presented the
financial viability of such projects. Mr. Allen reported that the Authority could possibly support such a
development but would have to carefully research the market, the affordability issues, the operatiogal and
management costs and the possibility of forming a partnership with an area provider such as Lahey Clinic,
Winchester Hospital, etc. Given the Authority's ability to offer tax credits, this could be prove to be a
definite incentive for developers and lenders. The Board accepted the report as presented.
The Board reviewed a request from Community Family Executive Director, Jerry Tuttle, to explore
possibilities for building/creating a day care facility within the Town, and explore the possibility of
developing such a facility in conjunction with the Authority. The Board requested that the Executive
Director continue to explore this concept and report back to the Board at a subsequent meeting.
The Executive Director gave a report of the programs and properties of the Authority. Currently all
Authority.-owned properties are fully leased. The Section 8 Certificate has 88 of 95 certificates lease; 24
of 25 Vouchers leased. The Bancroft Avenue lease renewal went into effect July 1, 1995 with a new
rental of $1100 per month. There is a need for new storm/screen doors at the back of Waverly Oaks and
this will be incorporated into next year's budget, if possible. We anticipate an August 1st vacancy at
Main Street. The porch at the Summer Avenue property was totally refurbished by the developer. The
Board accepted the report as presented.
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Minutes
7/10/95
Upon a motion duly made by Mr. McIsaac and seconded by Ms. Galvin, it was unanimously
VOTED: To elect the following slate of officers for the next fiscal year:
Chairman
Vice - Chairman
Treasurer
Assistant Treasurer
Board Member
Secretary
-Executive Director
Rev. Robert K. Sweet, Jr.
Donald Allen (State appointee)
Jean Galvin
Arthur J. Reynolds, Jr.
William E. McIsaac
Margaret K. Plansky
Margaret K. Plansky
The Chairman then declared said motion carried and said vote in effect.
Due to conflicting vacation schedules the Board decided to change the meeting date for August
August 14th to August 7, 1995 at 7:30 P.M.
There being no further business before the Board it was unanimously voted to adjourn at 10:00 P
Respectfully submitted,
Margaret risky, Secretary
and Executive Director