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Home My WebLink About1990-11-20 Reading Housing Authority MinutesREADING HOUSING AUTHORITY Minutes of the Meetinq of November 20, 1990 A regular business meeting of the members of the Reading Housing A� was held on November 20, 1990 at the office of the Authority, 22 F D. Tanner Drive, Reading, Massachusetts. The meeting was called to order at 8:15 P.M. The Chairman, Richard S. Dempster, presided; Other members present and forming a quorum were: Mr. Sweet, Mr. R� Mr. McIsaac and Ms. Galvin. The Executive Director, Margaret K. PI was also in attendance as well as John L. Greco, Attorney for the Authority and Harry Mack, President of Fafard Companies. Minutes The Board reviewed the minutes for the meeting of October 22, 1990 as distributed prior to the meeting. Upon a motion duly made by MI Sweet and seconded by Mr. Reynolds, it was unanimously VOTED: To approve the minutes of the Meeting of October 22, 1990 with the insertion under the heading "Financnes" in the 7th paragr� after the words "to install from 3 to 8 lifetime guaranteed water heaters ", the following phrase: ", as many as funds will allow," ai to correct the spelling of Steven Goetz on page 2 of the minutes. Copies of these minutes were previously distributed to the Board f( their review. The Chairman then declared said motion carried and said vote in efl Finances The Board reviewed the checkroll /billroll for the period. Upon a motion duly made by Mr. Reynolds and seconded by Ms. Galvin, it wa: unanimously VOTED: To approve the checkroll /billroll from check #3004 through #3061 as presented. The Chairman then declared said motion carried and said vote in efl ithority -ank !ynolds, .ansky, iph id )r 7ect . ect. The Board reviewed the quotes obtained for a new 8 horsepower snow 1, thrower. After review and upon a motion duly made by Mr. McIsaac and seconded by Mr. Reynolds, it was unanimously VOTED: To approve and ratify the purchase of an Ariens 8 horsepower snow blower from Reading Cycle for the price of $1200, that being the lowest price received. The Chairman then declared said motion carried and said vote in effect. Page 2 Minutes 11/20/90 I The Board unanimously voted to defer any action on the installation of a new burglar alarm system in the office /maintenance /hall area! at 667 development. The Board was informed that the new budget guidelines were out and that the fee accountant would have the budgets for the December meeting. The impact for this fiscal year will be a 3.75% bottom line cut, with specific line item cuts required; and a 1.25% bottom line cut in FAY 92. Linkage - Fafard Companies Mr. Harry Mack reviewed for the Board his understanding of the commitments that Fafard has made regarding both Greenhouse Acres and the Schoolhouse Developments. By law he stated that 4 1 -BR elderly units at Schoolhouse on -site were required; and 10 units at Greenhouse off -site were required. There was some discussion about developing land off North Main Street with 4 2 -BR elderly and 8 family units to satisfy both requirements. The Board concurred that they would allow the 12 units off -site tol satisfy the linkage requirements and that this was the current agreement per Board vote. -�or bow EvroJ� Mr. Mack stated that Fafard was under Chapter 11 and trying to work out the financial problems with Bank of Boston for High School and Eastern Bank for Greenhouse Acres. The creditors now have an agreement plan and Howard Fafard is under protection both privately and corporately. The biggest problem that they have currently is working out the linkage with the developments to the satisfaction of both banks. Mr. Mack then presented the following options to the Board: 1) - 2) - 3) - offer existing units at both developments for linkage requirements; develop an additional 6 -plex on -site at Greenhouse to satisfy the remaining requirements. The problems are that these unit would not be scattered throughout the development and would be restricted to 2 BR units per Comprehensive Permit. look to develop the North Main Street property for the 12 unilts. The problems are: Fafard would have to go to the banks to gets a construction loan; and would have to get permission from Ton to allow linkage requirements for both developments be satisf'ed by these proposed 12 units. the Executive Director', bridging loan, perhaps per the Comprehensive', The Board requested that Mr. Mack work with and the Authority's attorney in regards to a with Eastern Bank; and also the requirements Permit and Zoning By -laws. The Board thanked Mr. Mack for his presentation and emphasized the short time -frame for working out these linkage requirements. Page 3 Minutes 11/20/90 705 -1 Waverly Oaks Development - Bonding Company The Board reviewed the proposal from Hanify and King, attorneys for Richard J. Murphy Company, the general contractors for the 705 -1 development. Upon a motion duly made by Mr. Sweet and seconded by Mr. Reynolds,) it was unanimosly VOTED: To approve the following terms to settle the claim against) R.J. Murphy Company and the Reliance Insurance Company (Bonding Company) for the 705 -1 Waverly Oaks Development: 1) - Compensation to the Authority for the difference in price between the 4 inch pipe specified and the 3 inch pipe installed; 2) - Payment of $5,000 to the Authority to be kept as a perpetualil fund for the clean -out of the pipes (per schedule worked out with Executive Director and Attorney Greco); and 3) - Compensation of $250 for correction of the bottom step to each unit as done by the Authority. A further requirement would be that a camera inspection of the pipet in the front yard in building #2 would have to be made and approval from EOCD would have to be obtained. The Chairman then declared said motion carried and said vote in effect. Meetina with Senators /Representative The Board requested that the Executive Director issue an invitation to Senator Buell, Senator -elect Ti.sei and Representative -elect Kre orian for the December 10, 1990 meeting to discuss housing issues. Ms. i Sally Hoyt should also be requested to attend. The Board deferred any further action until the December 10, 1990 meeting. Upon a motion duly made and seconded, it was unanimously voted to adjourn at 10:50 P.M. Respectfully submitted, Q/c.t / \ . f Margar K. PlanskyA�etary and Executive Director TOWN OF READING To Town Clerk NOV. 14, 19 90 18 Lowell Street Reading, MA 01867 1 C % L REA f -jj;'J a, In accordance with the provisions of Chapter 89 of the General Laws of the Commonwealth of Massachusetts, as anif6Med W mee?n fti }' ING HOUSING AUTHORITY will be held 22 Frank D. Tanner Drive on the following date/3 TUESDAY. 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