2020-01-15-LEXHAB-min - Laserfiche WebLink

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LexHAB Board Meeting 1620 Massachusetts Avenue,Suite 4, Lexington, MA 02420 January 15,2020 at 7:00 AM Minutes of the meeting held at the offices of LexHAB at 1620 Massachusetts Avenue in Lexington on January 15, 2020. Members present were Bill Kennedy,Les Savage,Bob Burbidge,Bob Phelan, Gerry Howell, Donna Leary and Bill Hays. Also present were Pearlene Varjabedian, Housing Manager and Kate Murphy Financial Administrator, Patricia S. Nelson, counsel to LexHAB and Sue Barry,Selectwoman, Bob Pressman of the Lexington Housing Partnership, Tara Mizrahi of Affirmative Investments. Absent was Henry Liu. The Chairman, Bob Burbidge presided. Minutes from the December 18, 2019 meeting were reviewed and accepted as amended. FINANCIAL REPORT Gerry Howell Reported • Gross Income increased from previous years • Staffing reductions will result in a reduced payroll for 2020 • Litigation Services reviewed • Financial Services reviewed • Genesis Fund contributed 10K. The Board thanks Bob Burbidge and the Genesis Fund for their support • Report by Bill Kennedy on meeting with Town Manager • Karen and Kate are forwarding necessary Information to the Auditor reviewing 2018 financials • Review of Repairs and Maintenance expenses. Board discussed efforts to reduce costs and seek other sources of funding. Discussed availability of CPA funds for repairs and maintenance to certain specified units. • Gerry Howell reviewed the Balance Sheet Motion made to accept Treasurers report. Motion approved. CPC Guidelines • Board discussed changes to CPC Guidelines for LexHAB funding. • Motion for Board to accept CPC Guidelines as finalized. Motion approved. FARIVIVIEW • Lester Savage gave status report on construction. He reported that the Town Manager is expected to review the site in two to three weeks. • Bob Phelan reported on communications with contractors and oversight of construction. LexHAB Board members visit the site two times a day. There is a weekly conference call with the contractor.