HomeMy WebLinkAbout1997_10_06 Housing Authority Minutes Town of Mamaroneck Housing Authority
Minutes of Meeting
October-61-9W
Members Present: Paul Winick, Susan Sidel, Mary Regina Carlson, Richard Cherry„ and
Jeff Marston.
Other People Present: None.
The meeting was held in Conference Room A, Town of Mamaroneck Town Hall.
The meeting was called to order by Chairman Winick at 8:00 PM.
NEW BUSINESS
[Managing Agent List]
Cash Position of the Authority. The position continues to be strong. Chairman Winick and
Secretary Marston reported on the cash position and investment strategy. They described
the initial, multi-term investment strategy for the Capital Replacement Fund. The interest
rate being earned, currently, is 20 basis points over our target.
Mr. Cherry asked about the larger than expected amount in the Operating Account;
Chairman Winick stated that most the amount was explained by insurance payment timing.
1 . Tenant Arrears. There are currently two problem tenants. Chairman Winick stated that
he is under the impression that the Authority's attorney is proceeding with collection -
eviction actions.
2. Vacancy Situation. The situation continues to be good even though the total level is at a
seasonally high level (regular concentration of renewal dates). Six people gave notice of
non-renewal. Two are already occupied; one is leased; and, applications for the remaining
three units are being processed by the Managing Agent.
The new applicants do not fall, generally, into the Authority's high tiers.
3. Sewage Update. Problems continue in this area. Chairman Winick reported on a
series of meetings with government officials. The Authority agreed that a permanent
solution needs to be found. The next step is to receive and review engineering proposals.
Mr. Cherry volunteered to work with Chairman Winick on this matter.
4. Insurance. Mr. Winick reported that a competing insurance bid has been received and •
was being reviewed. Chairman Winick will have the Managing Agent contact the current
agent for one-on-one review.
Wither issueo�be explored is whether or not the Authority can leave HARG7This is being
explored although the annual premium has declined slightly.
5. Russell Harvey. Mr. Winick reported that our attorney has recommended setting with
Mr. Harvey for the net of the money owed him and the clean up expenses incurred by the
Authority ($2,464.87). Mr. Harvey has not responded to our offer.
Other New Business
6. Boston Post Road Sidewalks. Susan Sidel brought up an incident she witnessed during
which a woman with a shopping cart had problems navigating an uneven section of the
sidewalk. Mary Regina Carlson said that she understood that the Town had recently been
awarded federal money for sidewalk improvements. Chairman Winick volunteered to check
with the Town to confirm whether these funds exist and whether they can be used to
address the issue.
7. 1998 Budget. The Authority discussed this matter briefly. Mr. Marston requested that
the Managing Agency deliver a written statement to the Authority, with the budget, stating •
their opinion about any pro forma extra expenses that might be expected during 1998 given
the age of the facility and its appliance, etc.
It was agreed that the schedule for the budget preparation, review, and approval would aid
at the circulation of a draft in early December and approval scheduled for early January.
8. Health of Superintendent. Chairman Winick announced that the Superintendent was in
the hospital with chest pains. This is a matter of concern, but there is not any information
that indicates that the situation is job or life threatening. The Superintendent's wife is
handling matters on an interim basis.
9. Next meeting. The date for the next meeting was not set. It was agreed that it would
occur in the middle of January, 1998.
The meeting was adjourned at 910 PM.
Submitted by Jeffrey L. Marston, Secretary.
97J06MHA ALL/MHAMinute,
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