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Home My WebLink About1993-06-21 Reading Housing Authority MinutesREADING HOUSING AUTHORITY Minutes of the Meeting of June 21,1993 A regular business meeting of the members of the Reading Housing Authority was held on Monday, June 21, 1993 at 7:30 P.M, at the office of the Authority, 22 Frank D. Tanner Drive in the Town of Reading, Massachusetts. The meeting was called to order at 7:30 P.M. with the Chairman, Mr. McIsaac, presiding. Those members present and forming a quorum were: Mr. Sweet, Mr. Reynolds and Mr. Allen. The Executive Director, Ms. Plansky, was also in attendance. Minutes Upon a motion duly made by Mr. Sweet and seconded by Mr. Allen, it was unanimously VOTED: To approve and accept for the record the minutes of the meeting of May 17, 1993, as presented. The Chairman then declared said motion carried and said vote in effect. Finances The Board reviewed the checkroll /billroll for the period as prese ted. Upon a motion duly made by Mr. Allen and seconded by Mr. Reynolds , it was unanimously VOTED: To approve and sign the checkroll /billroll for the period from check #844 -906, inclusively. The Chairman then declared said motion carried and said vote in effect. State Budqets for FY 194 The Board members discussed the budgets for the next fiscal year for all State programs with the Fee Accountant at their lasst Board meeting. The Board reviewed the budgets, as prepared. Upon a motion duly made by Mr. Sweet and seconded by Mr. Allen, it was unanimously VOTED: To approve and sign the budget for the 667, 705 -1 and 705 -2 programs, Program #40001 in the amount of $206,067, 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 Mr. Reynolds, it was unanimously VOTED: To approve and sign the 689 -1 budget in the amount of $10,404, as presented. Page 2 Minutes 6/21/93 The Chairman then declared said motion carried and said vote in effect. Upon a motion duly made by Mr. Sweet and seconded by Mr. Allen, it was unanimously VOTED: To approve and sign the Massachusetts Rental Voucher Program in the amount of $2531, as presented. The Chairman then declared said motion carried and said vote in effect. Section 8 Cost Amendments The Board reviewed the documents received from HUD that would provide an additional $54,000 to the current Section 8 Existing Certificate program ACC. Upon a motion duly made by Mr. Sweet and seconded by Mr. Reynolds, it was unanimously VOTED: To approve and authorize the Chairman to sign the cost amendment MA06 -E075 -906 from the U.S. Department of H.U.D., in the amount of $54,000.00, for the current Annual Contributions Contract for the Section 8 Existing Certificate Program. The Chairman then declared said motion carried and said vote in effect. Greenhouse Acres - Linkage The Authority's attorney, Mr. John L. Greco, joined the Board at this point in the meeting. The Board received a copy of a cost analysis done by one of the residents and current owners at Greenhouse Acres. Mr. Ed Burke, is the chief financial officer for Somerville Lumber and he had his company cost the project at today's prices, using the old Fafard plans; as well as a break -out using cost per square foot for similar construction. Both prices show that this is a costly project to build; this is a risky project with marginal profit as projected; costs for linkage could be too costly and the project would not be built. Mr. Burke asked that the Board consider the current situation of the development; the interest that the current owners at Greenhouse Acres have; and asked the Board to consider some compromise when working with any developer. The current owners have lost value in their units due to the deflated real estate market; the condition of the unfinished project is also making their homes less valuable and less saleable. The Board assured Mr. Burke that they would consider the owners situation as they negotiate for the linkage. The Chairman stated that the Board is bound and commited to its obligations under the zoning By -laws and Special Permit and will also have to keep that in their considerations. Page 3 Minutes 6/21/93 Executive Session - Real Estate Negotiations Locus Property Management President, Bob McNeil and his associate, Bill Kouchalakas along with his attorney, Peter Harrington and attorney for North Shore Holdings /Eastern Bank, Martha Rausch were present to discuss the details of the linkage with the Board, Mr. Greco, the Authority attorney, and the Executive Director, Ms. Plansky. Upon a motion duly made by Mr. Allen and seconded by Mr. Reynolds, it was unanimously VOTED: To adjourn to Executive Session at 8:30 P.M. with all members of the Board, the Executive Director, Mr. Greco, Mr. Harrington, Ms. Rausch and Locus Property Management Bob McNeil and Bill Kouchalakas for the purpose of real estate strategy and negotiations relative to the linkage requirements at Greenhouse Acres. The Board will reconvene in Open Session at the end of the negotating meeting. The unanimous roll call vote was as follows:: Mr. McIsaac - aye Mr. Sweet - aye Mr. Reynolds - aye Mr. Allen - aye Ms. Galvin was not present at this Board meeting. The Chairman then declared said motion carried and said vote in effect. The Board reconvened in Open Session at 10:50 P.M. CORI Policy Upon a motion duly made by Mr. Sweet and seconded by Mr. Reynolds, it was unanimously VOTED: To amend the current CORI policy to include obtaining records for people seeking rental assistance from the Reading Housing Authority. The Chairman then declared said motion carried and said vote in effect. Section 8 Income Guidlines Upon a motion duly made by Mr. Allen and seconded by Mr. Reynolds, it was unanimously Page 4 Minutes 6/21/93 VOTED: To approve the Federal Income limits as prepared by U.S. Department of Housing and Urban Development on December 12, 1992 and effective May 1993, as follows: Family: One Two Three Four Five Six Seven Ei ht V Low 17900 20500 23050 25600 27650 29700 31650 33800 Low 27800 31750 35750 39700 42900 46050 49250 52400 The Chairman then declared said motion carried and said vote in effect. Section 8 Voucher Limits After careful study by the Administrative Assistant using RHA case studies, the Executive Director recommended a schedule for Section 8 voucher limits. Upon a motion duly made by Mr. Allen and seconded by Mr. Reynolds, it was unanimously VOTED: To approve the following schedule for voucher limits for the Section 8 Voucher Program for the Reading Housing Authorit; 1 bedroom - $ 647.00 2 bedroom - 800.00 3 bedroom - 1000.00 4 bedroom - 1100.00 The Chairman then declared said motion carried and said vote in effect. MRVP Income Guidlines The Executive Office of Communities and Development has forwarded a schedule of income guidelines for eligibility under the MRVP. Upon a motion duly made by Mr. Allen and seconded by Mr. Sweet, it was unanimously VOTED: To approve the following schedule of income guidelines for eligibility under the Massachusetts Rental Voucher Program (MRVP): # of Household Members Eligible Income One $ 13,940.00 Two 18,860.00 Three 23,780.00 Four 28,700.00 Five 33,620.00 Six 38,540.00 Seven 43,460.00 Eight 48,380.00 Over eight Add $4,920.00 for each additional member The Chairman then declared said motion carried and said vote in effect. Page 5 Minutes 6/21/93 Returned Peace Corps /Boston University Program The Board was invited to attend the formal signing of the contract among B.U. School of Public Health, the U.S. Department of H.U. ., and the 13 area housing authorities for case management service provided by Retired Peace Corps volunteers currently enrolled in the Masters program at Boston University School of Public Health. The Chairman and Executive Director plan on attending this ceremony. There being no' further business before the Board, it was unanim usly voted to adjourn at 11:15 P.M. Respectfully submitted, Marga K. Plansky, Secre ary and Executive Director