HomeMy WebLinkAbout2015_03_18 Housing Authority Minutes MINUTES
TOWN OF MAMARONECK HOUSING AUTHORITY
3/18/15
Present:
Board members:Richard Cherry,Chair,Sal Iacono,Treasurer,Caroline Silverstone
Town Liaisons:Tom Murphy,Steve Altieri
Managing Agent:Bram Fierstein
The Chair opened the meeting at 5:00 PM.Minutes from the previous meeting were
approved.
The Managing Agent provided the Authority with his written report,highlighting
some specific matters including the Authority's cash position.The Treasurer
indicated that operations were going consistent with budget Also that the 2014
audit should be issued within the next couple of weeks.
The Board discussed the unfortunate deaths of two elderly residents at Hommocks
Apartments.One occurred soon after the fire in her apartment and another soon
after some chemicals had been used in connection with a sewer blockage in the
vicinity of her apartment The Authority's insurance company has been fully
informed.With regard to the fire,the Public Adjuster hired by the Authority has
reported that a settlement with the carrier is expected shortly.The carrier did not
think an investigation was needed.
The Chairman indicated that he,Bram and Bob Kirby had met with the Town's Fire
Chief to discuss possible fire safety improvements.Bob and Bram will be finalizing
the recommendations and should beGcirculating a report to the Board shortly.
Given some additional understanding of the law and regulations concerning the
refinancing bond,the Authority's Bond Counsel had redrafted the resolution passed
at the last meeting.The Board and the Town liaisons thoroughly discussed the
financial implications of the refinancing.After the discussion,the Board
unanimously approved the resolution(attached hereto)with the understanding that
the Chair and Treasurer would look further into some questions to determine
whether it still made economic sense to proceed.If after further investigation,the
Chair and Treasurer still felt that the answers satisfactorily met the Board and
Town's concerns,they were authorized to proceed with the issuance.
The meeting adjourned shortly after 7PM.