HomeMy WebLinkAbout2014-05-14-LEXHAB-min LexHAB
Minutes of Meeting Held on May 14, 2014
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The meeti g opened at 7:09 A.M. at the LexHAB offices at 4 Militia Drive,Lexington
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All memi s were present,being Bill Kennedy(Chair),Bob Burbidge(Vice-Chair),
Dave Eal e,Gerry Howell,Martha Wood,Lester Savage and Bill Hays. Also attending
were No 11 an Cohen(LexHAB liason to the Board of Selectmen),Pat Nelson(Counsel to
Lexhab) .1 d Bob Pressman.
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The Ch..' . presided.
1 Minus
Theinutes for the previous meeting were unanimously approved and accepted as
presentel
2. Fins III ials
Davell agle summarized the bank balances presently on hand,
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Ge 1Howell commented on the spreadsheets,noting that the net from operations for
the first f,ur months of this year is under the results for the years 2012 and 2013 and
pointing, ut that the decline is mainly attributable to(a)audit charges which were paid
this year hough atiiibutable in part to past years,(b)insurance premiums paid this year
though fr the years 2012 and 2013 and(c)substantial updates and improvements paid
for in 20 ., relating to Garfield Street,Emerson Gardens, a Muzzey unit and Parker
Manor (11-e following)
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3 Park,I School
Pat I-Ison reported that a bank loan has been taken out to cover the repair costs
associate with the second sewer line failure and the installation of a new roof.
Pat )ted that an assessment will shortly follow and that LexHAB will have the
option till pay the assessment on its units up front, eliminating the interest component on
our asse41.ment.
4 East treet Development
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Mr T«dd Cataldo joined the meeting and suggested that LexHAB might become the
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Lessee of e unit(s)in his East Street development which are to be reserved for
affordable rental.
Norman sought confirmation that these units will count toward the Town's SSI
threshold.
There, allowed discussion as to whether LexHAB,were it to accept Mr Cataldo's
proposal,i ould be able to select tenants on other than a lottery basis.
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It wa resolved that Pat Nelson and Bill Kennedy will confer with Aaron Henry
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before an action is taken.
5 Busa ,arm
The( tairman stated that he has spoken with Steve LaPerrier at Metro West for a
proposal lio do for the Busa Project the same as Metro West and Beth Rush did for us on
Fairview[bin will discuss this further with Jennifer VanCampen.
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6 Fairviw
It wa noted that a verbal OK has been given by DHCD;the approval letter is
expected omentarily
The iJ xt steps are:
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- Report of progress to the Board of Selectmen
- Prepare application to the Zoning Board of Appeals and appear before the
Board
-_Report to the neighborhood on progress since the last public meeting
7 LHC
Gerr reported that by reason of resignations and other circumstances,the committee
(which is:a sub-committee of LexHAB)is shorthanded. Also,an additional member of
LeHACeds to be authorized to conduct LeHAC's banking including signing of checks.
It wa left that we need to address the need for new members of the sub-committee
and in ad ition,it was, on motion duly made and seconded, VOTED unanimously that
Gerry beth
uorized to sign LeHAC checks and otherwise conduct LeHAC's banking.
8, Mu
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- y Condominium
It w noted that the Association which owns a unit in the condominium wishes to
sell the u6lit but is unsure what the Maximum Retail Price should be as the unit has no
opening iale price.
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It was I. so noted that at least for the present,the problem of non-owner occupancy of
Muzzey uiks on a rental basis without approval by the Town seems to have solved itself.
9 Next N I Leting
Then meeting will be at 7 AM on June 11th at the offices of Lexhab at 4 Militia
Drive in L xington;Gerry will bring the coffee.
8 Execu°ve Session
TheC,I airman then proposed that the Board go into Executive Session to consider
tenant set='� ion issues without return to open session,stating that consideration of same
in open m(,-ting could have a detrimental effect on the negotiating position of a semi-
public bo ,namely LexHA,B,and might also affect the privacy rights of potential
tenants.
Them;mbers of the Board were individually polled;each member then voted in favor
ofthemo .n.
The file was then 8 40 A.M.
Respectfully submitted
William C Hays
Secretary Pro Tem