HomeMy WebLinkAbout2018-05-15-LEXHAB-min (2) LexHAB Board Meeting
May 15, 2018
Minutes of the meeting held at the offices of LexHAB at 1620 Massachusetts Avenue in Lexington on
May 15, 2018
Members present were Bill Kennedy Bob Burbidge, Les Savage, Gerry Howell, Bob Phelan, Martha
Wood, Bill Hays, Donna Leary, Bob Pressman also present. Pat Nelson, counsel to LexHAB,was also
present. Henry Liu was absent.
The Chariman, Bill Kennedy presided.
MINUTES APPROVAL
Meeting Minutes for April 2018 will be reviewed at next meeting.
FINANCIAL
Presented by Gerry Howell
Reviewed P & L—Previous year comparison of income and expenses
• Income up first four months due to rental of new units at Fairview and rental of units that
were previously undergoing renovation
Expenses
• Lease at 1620 Mass Ave is up in July/August. Lester will check into it with Landlord.
Office Expenses
• Includes expenses for temporary office help and purchase of a new printer.
Utilities
• Solar credits on Fairview. Explanation of solar credits for solar panels at Fairview.
Workers Comp
• $387 for Workers Comp.
Interest Expense
• Expenses include interest on new mortgage borrowed to purchase 85 Emerson Gardens Rd.
Repairs and Maintenance
• Review of expenses for renovation of units
• Discussion of need for ongoing bookkeeping services. Pearlene will consult with Karen
Inverson to prepare a job description.
FARM VIEW
Lester Savage Colin Smith will be looking at specifications for ways to reduce costs, prior to rebidding of
construction.
WRIGHT FARM
Lester Savage Getting ready to re-bid. Students scheduled to start work in the fall once rebidding is
complete and contractor is selected.
Bob Phelan LexHAB is on the agenda with the historical commission for Wright Farm windows.
Pat Nelson 40B application has been filed with DHCD.
TASK FORCE
Policy issues. Consulting with Liz Rust and Jennifer Van Campen. Further discussion of different
categories of properties. Task Force to take up issues again and make recommendations
to the Board at next month's meeting.
NEXT MEETING
Wednesday,lune 13,2018 at 7 AM.
EXECUTIVE SESSION
The chairman then proposed that the Board go into executive session to consider tenant
matters, stating that consideration of same in open session could have a detrimental effect on
the negotiating position of a semi-public body, namely LexHAB, and might also affect adversely
the privacy rights of tenants and that the Board not return open session at the end except to
adjourn.