Housing Authority

MONTPELIER HOUSING AUTHORITY Regular Meeting April 17, 2018 The meeting was called to order at 6:00 p.m. by Chairman McCullough with Commissioners Hannon, Larson, Stevens- Favorite, and Zern present. Agenda Item II – Approve Agenda The agenda was approved with no changes or additions. Agenda Item III – Approval of Minutes Commissioner Hannon moved that the minutes of the March 20, 2018 regular meeting be accepted as written. Commissioner Larson seconded the motion and it passed unanimously. Agenda Item IV Review of Vouchers, Bank Statements and Financial Reports Vouchers and bank statements were made available for Commissioners to review. Mrs. Troiano reviewed the February financial statements and answered questions. Mrs. Troiano noted that the Section 8 Voucher Program continues to show a surplus. As a result we are continuing to issue vouchers and absorb VSHA ports. As of April 1 we have 108 vouchers in use. Our goal is at least 110 by the end of fiscal year. Management fees continue to show a deficit due to the $5,000.00 we donated to the Good Samaritan Haven. In answer to a question that donation is listed under sundry administration. It will be reflected in the net reserves at the end of the fiscal year. We are slowly reducing the deficit at Gould Apartments which was caused mainly by the replacement of exterior lights and a unit turnover that required replacement of carpet, flooring, and kitchen cabinets. Agenda Item V – Executive Director’s Report There were no additions to the written report. Commissioner Stevens-Favorite left the meeting at 6:30 pm. Agenda Item VI – Annual Plan Civil Rights Certification Mrs. Troiano presented the HUD required Civil Rights Certification as discussed in the written report. Commissioner Zern moved that the Certification be approved and that Commissioner McCullough be authorized to sign the Certification. Commissioner Hannon seconded the motion and it passed unanimously. (See attached Certification) Agenda Item VII – Gould Apartments Mrs. Troiano presented the proposed FY 2019 budget. She noted that she had not made a recommendation as to rent levels. They are at current levels in the draft budget. She also noted that although we had budgeted $3,500. In PILOT she had only been able to pay $2,750. Due to the large amount of non-routine expenditures. A wide ranging discussion followed about long term capital needs and how to pay for them. Increasing -1- rents alone will not meet our needs. It was the consensus of the Board that the Capital Needs Assessment be reviewed and updated as necessary, and that Mrs. Troiano begin to explore ways to upgrade the property. She will report back to the Board in May. Commissioner Larson moved that the PILOT be decreased to $2,750. And that the budget be adopted as amended. Commissioner Hannon seconded that motion and it passed unanimously. Agenda Item VIII – Any Other Business In other business Chairman McCullough announced that as a result of his appointment to the City Council he will be resigning from the Board after the June meeting. There being no further business the meeting was adjourned at 7:15 pm Respectfully submitted, Jo Ann Troiano, Secretary -2-