2023-05-10-LEXHAB-min - Laserfiche WebLink

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• Pearlene- going on all inspections; recommending annual landscaping should be part of LexHAB responsibility not tenant; noticing fire pits, trampolines, gym sets • 2 2-bedroom units are becoming available. Locke and Garfield. LexHAB units – will first start with Town employees. Treasurer Report • P&L to Budget- things are pretty close to where they should be. Repairs and Maintenance a bit higher. Pearlene feels that next year should look better • Balance Sheet now has comparison to year end but will try to pull it straight from Quick Books. • Separate financial summary was sent prior to the meeting Property Search and Development: • $625,000 offer agreed to last week: 890SF-2 bedrooms, small unit; 1.5 bath, doesn’t need much work. We received approval from Board of Selectmen in executive session. Looking into ARPA funds to pay for it (maybe $200,000-$400,000). We have $400,000 of CPA funds—might want to split this with this property and another. Would like to avoid financing this. Great location. • 9 Kimball Rd—have energy assessment- prelim results- weatherization and insulation. We are asking why there is nothing on the heating. Town inspector came in to look at ceiling height on the second floor. Les thinks we can fit another bathroom on the 2 nd floor. Minutemen would like to get things roughed before the summer. Bob P helping with the landscaping and working with the neighbors. Legacy Initiative • Received more inquiries- 4 inquiries. One property that we would want to go visit. Some just want more info on the process. • Working on a FAQs based on questions that are coming in /Working on a process • Example: Questions about capital gains—What effect does it have on capital gains when they sell below market? Bob B is working on this. Sustainability- Regina • ABCD month meeting- Single family unit assessments underway as mentioned earlier- will have proposals in a few weeks. • Emerson- don’t have anything concrete yet b/c of the condo association- $196,000 for heat pumps and air handlers. Need to get condo approval. Town is still trying to work with them to move this along with the whole condo association. Emerson (13 units LexHAB) • Material sustainability- Putting marmoleum in a couple of units for a trial.