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HomeMy WebLinkAbout2022-05-25-AHTSC-min 1 The Affordable Housing Trust Study Committee (ad hoc) Meeting Minutes of May 25, 2022 Affordable Housing Trust Study Committee members present for the public meeting: Kathryn Roy, Chair; Betsey Weiss, Gretchen Reisig, Jeri Foutter, Carol Marine, Tara Mizrahi, Linda Prosnitz Lexington Staff present for the public meeting: Carol Kowalski, Assistant Town Manager for Development; Kiruthika Ramakrishnan, Administrative Assistant. Non-voting liaison of the Select Board: Mark Sandeen Other Attendees: Elizabeth Rust, RHSO. Ms. Roy conducted a roll call to ensure that all the members of the Affordable Housing Trust Study Committee (ad hoc) and members of staff present could hear and be heard. Ms. Roy chaired the meeting and called the meeting to order at 4:02 pm. The meeting was recorded by LexMedia for future on-demand viewing. 1. Approval of Minutes of Meeting held on 05.11.2022 The Affordable Housing Trust Study Committee reviewed the draft minutes of the meeting held on 05.11.2022. Ms. Weiss moved that the committee approve the minutes of the meeting held on 05.11.2022, as presented. Ms. Marine seconded the motion. The Affordable Housing Trust Study Committee voted in favor of the motion. MOTION PASSED. 2. Review of presentation to CEC, CPC, and the Select Board Ms. Roy shared the presentation prepared by the committee to be presented to the CEC, CPC and the Select Board. The presentation started with explaining the meeting objectives as to the committee presenting their work and recommendations in advance of drafting materials for Select Board approval of an Affordable Housing Trust for Lexington. The need for an Affordable Housing Trust in Lexington was stressed and a list of Municipalities with Affordable Housing Trusts was shown. The presentation explained the activities that an Affordable Housing Trust can engage in and the members suggested some edits to the list of activities. The Powers of the Affordable Housing Trust and its funding sources were discussed. Ms. Roy shared a schematic showing the proposed Lexington Affordable Housing Funding Map. The presentation explained how the Affordable Housing Trust can do a variety of activities in conjunction with the CPC. Checks and Balances of the Trust were discussed. The expertise and experience of the proposed trustees along with their terms, were determined. The detailed steps 2 involved in creating an Affordable Housing Trust were discussed. The members discussed what the next steps for the Affordable Housing Trust would then be. The list of discussion points was shared with the committee. 3. Creating a list of questions and clarifications for the meeting with Town Counsel Ms. Mizrahi gave a brief overview of LexHAB’s thoughts on the various options that it had explored to become a 501(c)(3) and the path to pursue and expedite it. Ms. Mizrahi added that LexHAB decided to meet with the Town and the Town Counsel to discuss the options in detail. Ms. Marine asked about the future plans. Ms. Mizrahi said that the articles that created LexHAB would be rewritten and all the procedures required by the Town and Town Meeting would be followed. 4. Upcoming Meetings The Committee briefly discussed about upcoming meetings and decided to hold their next meeting on Wednesday June 8th at 4 p.m. Adjourn Ms. Reisig moved that The Affordable Housing Trust Study Committee adjourn the meeting held on May 25, 2022. Ms. Weiss seconded the motion. The Affordable Housing Trust Study Committee voted in favor of the motion 7-0-0 Roll Call Vote: MOTION PASSED UNANIMOUSLY. Meeting adjourned at 5:50 pm.