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RECEIVED <br /> TOWN CLERK <br /> Affordable Housing Trust LEXINGTON MA <br /> Meeting Minutes of May 25, 2023 10:00 am <br /> Hybrid meeting on Zoom and attended in-person in the Parker room, Town <br /> Office Building <br /> Affordable Housing Trust Board Members present for the Public Meeting: Elaine Tung, Chair; <br /> Mark Sandeen, Linda Prosnitz, Tiffany Payne, William Erickson <br /> Lexington Staff present for the Public Meeting: Carol Kowalski, Assistant Town Manager for <br /> Development; Ragi Ramachandran, Administrative Assistant <br /> Other attendees: Elizabeth Rust, RHSO; Kathryn Roy, Bob Pressman <br /> Ms. Tung conducted a roll call to ensure all the members of the AHT Board and members of <br /> staff present could hear and be heard. <br /> Ms. Tung chaired the hybrid meeting and called the meeting to order at 10:03 am. <br /> The meeting was recorded by LexMedia for future on-demand viewing. <br /> 1. Approval of May 12 meeting minutes <br /> Mr. Sandeen mentioned two updates to the minutes, 1. To update 'Special Permit Residential <br /> Development' reference to 'Special Residential development' 2. To update the extremely-low <br /> income standard to 30%of AMI. Ms. Prosnitz moved to approve the meeting minutes from <br /> 5/12/23 with the two amendments. Mr. Erickson seconded. The Trustees voted in favor of the <br /> motion 5-0-0 (Roll call: Erickson —yes, Prosnitz—yes, Tung—yes, Payne—yes, Sandeen—yes). <br /> Motion passed. <br /> 2. Update on recording of Declaration of Trust <br /> Ms. Kowalski stated that the Declaration of Trust has been recorded and shared with the <br /> Trustees. Ms. Rust suggested that the recorded Trust document be posted to the webpage. <br /> 3. Update on the AHT funding <br /> Ms. Kowalski updated that $1.5M of CPA funds were appropriated to the Trust at the Town <br /> Meeting and it will be available to the Trust soon after July 12023. She shared that the first four <br /> Brookhaven payments amounting to $439,402.27 will be available to the Trust soon after July <br /> 1St. In addition, the next Brookhaven payment of$125,969 will also be available on July 1St <br /> totaling Brookhaven funds at $565,371.27 for the Trust's use. <br /> Page 1 of 4 <br />