11/8/2007 AFFORDABLE HOUSING Minutes

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MLwu.tes. of the meet,&V�q MAS E(5 FfC)11-SIW-1 ART HC)RITY P,Oa ro Of C COVt&i+L1 LSSLOKtrS I~l0V6K,t.ber g, 2007 1 THIS MEE�Ir /UG I<AS AUDIOTAPEED FOR TH T(.�";RPOSF OF 7RAN5CRIP77O 1/ONLY: The meeting was called to order by the chairperson at 5:35 PM. A quorum was declared with the following members present: David Harsch, Francis Laporte, Richard Halpern, All Allen, and Charlotte 7 Garan. Also in attendance: Leila Botsford, Executive Director/'Board Secretary. There was no public comment. SECRETARY'S REPORT: Minutes for the regular meeting held on October 11, 2007 were presented. A motion was made by Mr. Laporte and seconded by Mr. Harsch to accept the minutes as printed. The motion was adopted. TREASURER'S REPORT: Budget to Actual and Narrative: Mrs. Botsford provided a treasurer's report including the bank account report and the Budget to Actual Report, prepared by the fee-accountant, which represents through the fourth month of the fiscal year. She reviewed the budget to actual and provided an explanation for variances. Accounts Payables: Mrs. Botsford presented the warrants for the 4001 account, MRVP account, and Section 8 account were presented to the board for review and signatures. Accounts payables were: For October 11, 2007 through November 8, 2007: $17,719.79 for 4001, $6,014.00 for Section 8, and $14,246.00 for MRVP. l Rent Delinquencies: Mrs. Botsford stated that all rents have been paid in full at Homeyer Village and Breezy Acres. We are at 100% occupancy at Breezy Acres, but still have a vacant unit at Homeyer Village. The flooring in the unit has been replaced and I've interviewed the next applicant on the waiting list. I'm waiting for references and a CORI check, We just received notice that another Homeyer Village tenant is moving out (into a nursing home) on November 30, so we will have another unit turnover. A motion was made by Mr. Laporte and seconded by Mr. Halpern to accept the treasurer's r report as presented. The motion was adapted. EXECUTIVE DIRECTOR'S REPORT: Mrs, Botsford remarked that she had mailed her reports to the board for the months of October and it is attached to these minutes as Attachment A. Mrs. Botsford provided an additional brief written report, which was discussed. The report was as follows: • The town has required that fencing be put up in form of the area where the new septic system at Breezy Acres was installed. We've acquired three quotes and have made arrangements for the lowest bidder to install it for$418.00 • I've changed the Asher's Path account to the Pooled Plus Money Market Account. It will now be earning 5/13% APY. � I 1 i