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Home My WebLink About1984-02-23-LEXHAB-min.pdf it ' RECEIVED SFI ECTMVN LEXHAB f 6281984 Minutes of the Mee ng of February 23, 1984 Present Jean Gaudet, Linda Conrad, John Zorka, Bill Kennedy, Don Wilson, Dave Eagle, Bill Hays Bea Phear Process It was decided that hereafter there would be an agenda for each meeting Any member who wishes to place an item on the agenda should call Jean Gaudet or Bea Phear by the Thursday prior to the meeting Similarly, if there is material to be distributed, it should be delivered to Bea by 2 00 pm on the Thursday before the meeting, so that members will have an opportunity to review it over the weekend. It was decided to change the regular meeting date to Tuesdays The next meetings will be Tuesday, March 6 at 8.00 pm in room 201 (Public Works, second floor) Tuesday, March 27 at 8 00 pm in room 201 Tuesday, April 3 at 8 00 pm in room G-15 Tuesday, April 24 at 8 00 pm in room G-15 x At the next meeting, there will a review o' minutes from past meetings Members were requested to bring their minutes for discussion and vote Designation The Selectmen have voted to designate LexHAB as purchaser of up to ten units in the Muzzey School There was no vote to designate LexHAB as Muzzey Administrator Committeee members expressed concern that the designation is confusing to the public, who do not understand the distinction. It was agreed to ask the Selectmen to make the Muzzey Administrator appointment as quickly as possible This will enable LexHAB to deal with the public more clearly, enable it to discuss his status and process with Kirk Noyes, anc4xpidite the selection of units and options Buyers Jean Gaudet reported that the Manager had denied one applicant for purchase (Holland) and that three others had withdrawn (Adjigian, Kelley, and Allison) Mr Adzigian had written a disgruntled letter which was shared by the Committee Subsidies Don Wilson distributed papers summarizing rental subsidies available from Section 8 (federal) and 707 (state) A household may have maximum assets of $15,000 Utilities may be added to the base rent figure A section 8 certificate holder has 30 days in which to find an apartment, and then must turn back the certificate Lexington usually has two or three section 8 certificates to spend each year If there are not enough apartments in the community, an applicant can get a mobility certificate, which allows him to look in other towns In that case the origional town pays to host town, which in turn pays the rent. Leases are usually for one year To get a larger unit, there must be medical need or a large family Unit Purchase John Zorka distributed sheets demonstrating purchases that depend on section 8 allowances He calculates that LexHAB could buy 8 units for $197,000 If there were no two bedroom units it could cost less, as two bedrooms are proportionately most expensive John thought there might also be an adjustment on the Condo fee, since LexHAB is tax exempt, and the assessor could calculate that out. Bill Hays was doubtful, since the tax on common space is for use rather than ownership, and believed it would not be tax exempt, but it is worth exploring Don suggested keeping costs down by using Minuteman Tech students on maintenance and refurbishing, where appropriate He will also check Parker expenses Financing Jean said she leaned toward being conservative in how many units to buy, and how much money to reserve for other purposes If LexHAB is successful in its management, there also may be other projects in the future Looking at other possible LexHAB expenses, the committee thought they would have to save for Legal fees carrying an empty unit ongoing staffing/clerical reserve for increased condo fees redecorating/maintenance condo cushion (3-4 months initial deposit) insurance other? Jean talked with Frank Parrish about shopping for lower mortgages or tax free Town-backed mortgages This will not be pursued, as the Town is not responsible for LexHAB loans, according to the legislation Intervening Tasks Jean will try to set up a meeting with Steve Politi and Bob Hutchinson to meet with Bill Hays, Bill Kennedy and hersdf to discuss What will get charged against the $238,000 before it gets to LexHAB? The timing of the Muzzey Administrator designation What expenses the Town will cover, eg legal and insurance Linda Conrad and Bill Hays are working on draft by-laws. Don Wilson, Bill Kennedy, and Dave Eagle will draft tenant selection guidelines. Respectfully Submitted, Beatrice Phear