HomeMy WebLinkAbout1984-04-23-LEXHAB-min.pdf LEXHAB
Minutes of the Meeting of April 23, 1984
Present. Jean Gaudet, Bill Kennedy, Bill Hays, Linda Conrad, Don Wilson
Bea Phear
The meeting was called to discuss the draft Guidelines for Waiver of Restrictions
Bill Hays pointed out that the fourth guideline might be subject to two interpretations
that the restriction itself is blocking affordability or that the restrictions are
blocking sales (and are doing their job)
Bill Kennedy said the guidelines are subject to adjustment at any time; therefore
it could be clarified later if it appeared to be misinterpreted Jean and Linda
thought we shouldn't proceed on the assumption of later adjustment, as a mortgage
might be affected
Don felt that since the section said "may" rather than "shall", and since any waiver
has to be voted by the Committee, he was comfortable that misinterpretation was
not a problem.
Bill Hays agreed, as the purpose of the fourth section was to be broad and address
the unforseen, the two implications were unavoidable
Don Wilson moved, Linda Conrad seconded, that the Guidelines be approved as
drafted Voted unanimously
Respectfully Submitted,
Beatrice Phear