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HomeMy WebLinkAbout2019.10.17 - Minutes, Housing Authority R:Board Meeting Minutes 2019 Board Meeting Minutes October 17, 2019 Chairman – Nicholas V. Hill, Sr. Members Present Members Absent (Excused) Staff Present Stan Steele Nicholas V. Hill, Sr. Corinne Guglielmini David Pool Tasha Walls Keith McMunn Ronnie Brezler Ayodeji Badaki Marlene Benson Bill Beard Wayne Keefer 1. The Regular meeting was called to order by Vice Chair Stan Steele at 12:08 pm. 2. There were no public comments noted. 3. A motion to approve the September 2019 minutes was made by Mr. Beard and it was seconded by Mr. Pool. Motion passed. 4. Resolution 2019-31 – Washington County Housing Solutions (WCHS) Board Meeting allowing the WCHS meeting to be incorporated into the regular HAWC monthly Board meeting. Motion made by Mr. Beard and it was seconded by Mr. Brezler. Motion passed. 5. Mr. McMunn discussed the meeting with DHCD reducing the amount that goes into the reserves each month for Monterey House. The reserve balance at Monterey House is currently $350,000 with $30,000 annually currently going into the reserve account. Based on the Capital Needs Assessment, the balance should be $150,000 with $7,000 deposited annually. At this time the price increase in the rent has not been approved. 6. Mr. McMunn reviewed the narrative for HAWC and the Francis Murphy financials for the month of September 30, 2019. September net revenue was over budget due to the forfeiture of a FSS participant, a correction of last month’s HAP expenditure and the quarterly billing of our Scattered Units water costs budgeted at a monthly rate. YTD net revenue is favorable to budget mostly from the HCV profit center. Labor/Fringe benefits is under budget for the month. Total expenditures for the year is favorable to budget. At Francis Murphy, revenue for September remains consistent with previous months. Favorable total expenditure variance this month is driven by favorable allocated HAWC maintenance payroll costs and the reduction in property taxes from the revised 2019 assessment. The net loss is favorable to budget for the month. YTD loss is a favorable variance. The FY2020 budget for Francis Murphy is due to be submitted to DHCD by the end of October 2019. 7. In order to pursue the purchase of the Milestone Garden Apartments (168 units), we need some direction from the Board. Are we to stay within our niche market of serving the elderly or are we to look at Washington County as a whole to include all? There is a need for housing for families who would not necessarily benefit from living in a single family home but an apartment would be a more suitable option. We would offer $8.2 million and along with leveraging our properties we’ll still need financing. Right now we’re working with Ameriserve in that regard. The Board is in agreement to move forward on Milestone and a Resolution will be written for this action. 8. Discussion held regarding the staff for bonuses and a change in the vacation accrual. The Board approved both actions and a Resolution will be written to change the wording for the vacation accrual going from 240 hour carryover to 280 hours at the end of the calendar year. 9. Discussed our current Equal Employment Opportunity Commission case brought by the a former employee. Five individuals went to Baltimore to testify on behalf of HAWC. It could take one year or more for the case to be closed. 10. The meeting adjourned at approximately 1:15 pm.