HomeMy WebLinkAbout2012_10_24 Housing Authority Minutes •„
TOWN OF MAMARONECK HOUSING AUTHORITY
BOARD MEETING MINUTES
10/24/12
In attendance:
Board Members: Rick Cherry- Chairman, Sal Iacono- Treasurer, Bob Kirby- Secretary,
Caroline Silverstone, and Bob Cammer
Managing Agent: Bram Fierstein
Town Board Liasion: Ernie Odierna
The Board Meeting was called to order promptly by Chairman, Rick Cherry, at 7:05 PM. The
minutes from the last meeting in July, 2012 were approved.
1. Cash Position HVB Operating Account $ 7,559.00
@ 10/24/12: HVB Capital Account $ 13,480.00
Morgan Stanley L/T Reserve $ 530,898.50
Morgan Stanley S/T Reserve $ 138,245.34
Total $ 690,182.84
2. Managing Agent's Report: The Managing Agent, Bram Fierstein, reported to the Board
that the Sept. 2012 operating budget report indicates a YTD deficit of$13,440 caused by
increased expenses associated with the preparation of vacant apartments. He indicated the
Hommocks apartments had higher than expected turnover in 2012, with 4 vacancies in
the past 5 months. The Treasurer, Sal Iacono, is recommending to the Gramatan
Management accountants that these be considered capital expenses and not operating
expenses.
3. 2013 Budget: The Managing Agent presented the 2013 Budget for Board approval in two
parts -- operating and capital (See attached). The operating budget estimates a small
surplus for the year and contains the following major assumptions: 3% rent increase as
approved in 2012, continuation of the $75,000 funding of the L/T Reserve, $7,500 in
engineering fees to update the Engineer's Report(a.k.a. the Physical Condition Survey)
last completed in 2008, and a modest salary increase for the custodian, Abner Duke. The
capital budget includes a new category for apartment turnover co�stss oaf $15,000 as
mentioned above in the Managing Agent's Report. The Board approved both budgets for
next year but allowed Board members until November 1st for final review.
4. Cedar Siding Project: The Treasuer and Managing Agent presented their
recommendations for the cedar siding project after an extensive review of the options the
Board received from the Antonucci &Associates consultant in July. They recommended
the installation of the man-made material of mineral cement to replace the existing wood
siding based on cost and environmental factors. The mineral cement is the most
environmentally friendly option and lowest cost-- approx. $400,000, in addition to the
• fireproof advantage and 15 year paint warranty. However, there are some remaining
questions before the Board gives final approval. First, there is a concern relating to
building appearance whether to choose plank or shingle form of mineral cement. The
Treasurer indicated he would like to discuss this option with the Architectural Review
Board ("ARB") and obtain its approval before the next Board meeting. The other
question is whether to install the siding to all 7 Hommocks Apt. buildings at the same
time or to complete the project over several years, due to capital budget constraints. The
Chairman, Rick Cherry, indicated that the updated Engineers Report he requested should
help answer the project timing question.
5. Boiler Replacement Project/Boiler Maintenance Costs: Bram Fierstein reported
that the remaining two boiler installations have been completed by 1st Choice
Plumbing in September, 2012. In addition, after review of the boiler maintenance
proposals,he and the Treasurer negotiated an annual service contract with ACI
Inc. totaling $15,000 to cover maintenance costs as the warranties on the installed
boilers expire. This maintenance has already commenced, due to the approaching
winter.
6. Tenant for a Vacant Apartment: The Managing Agent requested the assistance of
the Board to consider a plea from a prospective tenant who was initially rejected
based on poor credit standing. The Board, upon further review, decided to reverse
its earlier decision and accept the application with special lease arrangements --
two months security, one year lease and automatic debit of monthly rent. The
Board asked the Managing Agent to keep the Board informed if any rent issues
occur with the new tenant.
7. Bulletin Board: The Managing Agent reported that the bulletin board, previously
requested by the Chairman, has been installed in a common area at the
Hommocks Apartments site to post future Board meeting dates for residents. -7,
8. New Business: Board Chairman Rick Cherry informed the Board that the Town
Supervisor, Ms. Nancy Seligson, has indicated to him that a local real estate
developer has expressed interest to build an affordable housing project on a parcel
of land located on Fifth Avenue. The Town is reviewing other locations for
affordable housing and will let us know any further developments.
9. The next Board Meeting will be scheduled sometime in the 1st Quarter, 2013.
The Board Meeting adjourned at 8:50pm.
w f
Richard Cherry
From: Robert Kirby[robertbkirby@yahoo.com]
Sent: Friday, February 08, 2013 2:53 PM
To: Richard Cherry; Sal Iacono; carolinex@optimum.net; rcammer@pipeline.com; Bram Fierstein;
eodierna@townofmamaroneck.org
Subject: ToM Housing Authority Minutes for October24, 2012
Attachments: October 2012 Board Minutes.doc
Follow Up Flag: Flag for follow up
Flag Status: Flagged
To All:
Attached are the minutes to our last meeting in October. Please review prior to the upcoming meeting in March.
Regards,
Bob Kirby
Robert B. Kirby
1 France Place
Larchmont, N.Y. 10538
robertbkirby @ yahoo.com
(914) 860-6126 Mobile Phone
(914) 834-1453 Home Phone
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