HomeMy WebLinkAboutKit Housing - 2010-02-24
KITCHENER HOUSING INC
MINUTES OF THE MEETING OF THE BOARD OF DIRECTORS
HELD:
Schmalz Room, City Hall, 200 King Street West, Kitchener
DATE:
February 24, 2010
TIME:
4:00 p.m.
PRESENT:
Denny Cybalski, Carl Zehr, Mike Seiling, John Gazzola, Paul Holowaty,
David Heintz, Ted Bleaney
RESOURCE
STAFF:
Karen Kwiatkowski, Ann Eckert, Kristine Dearlove, Iulian Anghel, Cathy
Shafe, Camelia Suciu
ABSENT:
Andrew Head, Corrine Cash, Christina Weylie
OTHER:
Melinda Dalton – The Record
Opening Remarks
1.
Denny Cybalski, Chair called the meeting to order at 4:00 p.m.
Conflict of Interest
2. - nil
Approval of Agenda
3.
On a motion
by P. Holowaty, seconded by J. Gazzola and CARRIED, the
agenda be approved.
Approval of Board Minutes – January 27, 2010
4.
The minutes of the Board of Directors Meeting of January 27, 2010 had been circulated with
the agenda.
On a motion
by T. Bleaney, seconded by P. Holowaty and CARRIED, it
was resolved that the minutes of the Board Meeting of January 27, 2010 be
accepted as a true and correct record of the meeting.
Background of skills sets and interest in joining KHI
5.
Ted Bleaney and David Heintz provided a brief summary of their background and work
experience and why they wanted to join KHI’s Board of Directors.
Ted’s background is in IT and management primarily in the Financial Services Sector.
He has been involved in numerous volunteer projects over the years. He has owned a
couple of condominium units and sat on the condo Board for 10 years. During this time, he
managed to have no increase in the monthly condominium fees and he annually increased
reserves for the capital projects.
2
David was born and raised in Kitchener. He spent two years in Philadelphia as a volunteer
with the Mennonite Central Committee when he was 18. David graduated from Carlton
University in Ottawa. While in University he started his construction company. He went
back to volunteer with the Mennonite Central Committee and acted as the Development
Consultant for the affordable housing project as well as the Design Consultant. In 1991
David joined MMMC where he started at the bottom and is now the CEO. David feels that
along with his previous experience on KHI‘s Board he brings leadership and strategic
planning skills. He enjoyed his previous time with the Board.
Finance & Administration Business
6.
Financial Statement – January 2010
6.1
The Financial Statements for January has been circulated with the agenda. Ann Eckert gave
an overview.
On a motion
by J. Gazzola, seconded by P. Holowaty and CARRIED, the
January statements be approved.
Staff will prepare a December 31, 2009 statement of R&E for the next meeting.
Rental Arrears Report January, 2010
6.2 –
The Rental Arrears Report for January had been circulated with the agenda. Camelia Suciu
gave the report.
The arrears for January were 4 % with 10 vacancies and we were over the market target by
10.
Property Business -
7. was discussed in Caucus
General Manager’s Report -
8.was discussed in Caucus
Open Forum –
9. was discussed in Caucus
Other -
10. nil
Adjournment
11.
On a motion
by P. Holowaty, seconded by M. Seiling and CARRIED, the meeting
adjourned at 5:30 p.m.
ACCEPTANCE OF MINUTES
___________________________________ __________________________
Chairman Secretary