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HomeMy WebLinkAbout1999-09-21 Reading Housing Authority MinutesREADING HOUSING AUTHORITY MINUTES OF THE CONTINUED BOARD MEETING OF SEPTEMBER 13, 1999 HELD ON SEPTEMBER 21, 1999 A regular business meeting of the Reading Housing Authority was continued from Monday, September 13, 1999 until Tuesday, September 21, 1999 at 5:30 P.M. at the office of the Authority, 22 Frank D. Tanner Drive in the town of Reading, Massachusetts. The meet' g was called to order at 5:30 P.M. with the Chairman, Mr. Sweet, presiding. Those members also present and forming a quorum were: Ms. Connors, Ms. Galvin, Mr. Allen and Mr. Kelley. The Executive Director, Ms. Plansky, was also in attendance. Mr. Greco, RHA attorney, also attended this meeting. Finances Upon a motion duly made by Mr. Allen and seconded by Ms. Galvin, it was unanimously VOTED: To approve and sign the checkroll/bilholl for the period for Accounts Payable ch #4922 -4924; Payroll check #2299 -2300; Section 8 Certificate Program #5220 -5221, presented. The Chairman then declared said motion carried and said vote in effect. Section 8 Wait List Oyeninr — Chanze of Dates Upon a motion duly made by Mr. Allen and seconded by Ms. Galvin, it was unanimously VOTED: To rescind the prior approved wait list opening dates from October 12, 13 and 14, 1999 and to approve the wait list opening for October 19, 20 and 21, 1999. All other matters relative to this vote still in effect. The Chairman then declared said motion carried and said vote in effect. At 5:40 P.M., upon a motion duly made by Mr. Allen and seconded by Ms. Galvin, it was VOTED: To adjourn to Executive Session for the purpose of discussing real estate matters and to reconvene in regular session thereafter, by the following roll call vote Mr. Allen — aye Mr. Kelley — aye Ms. Connors — aye Ms. Galvin — aye Mr. Sweet - aye The Chairman then declared said motion carried and said vote in effect. Page 2 Minutes -Exec Session 9/21/99 It is important that CPDC knows that there is an impasse in the negotiations as Marriott is appearing before them on Monday, September 27, 1999 at 8 PM. The letter should note the following: • It is the Board's position that Town Meeting, CPDC and the Authority's clear intention for the payment in lieu provision was an equivalent cash payment equal to ten percent (10 %) of the fair market value of the completed project. • Fair market value connotes annraisal and not assessed value. • That if this impasse cannot be resolved, the Board would require that ten percent (10 %) of the units be provided on -site. The Executive Director will send copies of the drafts to Mr. Sweet, Mr. Kelley and Mr. Greco before forwarding to the appropriate parties. Pleasant Street Property adiacent to Police Station The Board reviewed the letter from the Town Manager on the Pleasant Street property. This is a 2 family house situated with the shortest elevation on Pleasant Street and located lengthwise on the property. The Town would need the back portion of the property and would want the Authority to move the house to have the longest side facing Pleasant Street. The Town would then purchase the back portion of the property from the Authority and construct a parking lot. If the house was not turned, there would be a net loss of 16 parking spaces plus improved vehicular circulation on the site. The Board assessed the financial risk to the Authority. At this point in the meeting, Mr. Sweet had to leave and Mr. Kelley assumed the Chair. Mr. Allen presented a financial pro- forma, which put the Authority at a great risk if they bought, moved and had to rehab kW, *s property. The income could not support this project and could seriously jeopardize other pr6 b 6awin g off their surplus. Mr. Kelley appointed the following sub- committee to review the proposal: Mr. Allen: Mr. Kelley and Ms. Plansky The house bek4d the post office has not been formally presented to the Board. It appears that there is no avalble vacant land on which to locate this property. The Chair should check with the Town I dfa and the Selectmen to see what might be available for this or future projects. The Boar reconvened in public session at 6:50 P.M. .Jj Respectfully submitted, Margare�Plansky, Secretary and Executive Director