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HomeMy WebLinkAboutKit Housing - 2010-04-28 KITCHENER HOUSING INC MINUTES OF THE MEETING OF THE BOARD OF DIRECTORS HELD: Schmalz Room, City Hall, 200 King Street West, Kitchener DATE: April 28, 2010 TIME: 5:00 p.m. PRESENT: Denny Cybalski, Andrew Head, Carl Zehr, Mike Seiling, John Gazzola, Paul Holowaty, David Heintz, Christina Weylie, Ted Bleaney RESOURCE STAFF: Karen Kwiatkowski, Ann Eckert, Kristine Dearlove, Iulian Anghel, Cathy Shafe, Camelia Suciu ABSENT: Corrine Cash Opening Remarks 1. Denny Cybalski, Chair called the meeting to order at 5:00 p.m. Conflict of Interest 2. - nil Approval of Agenda 3. On a motion by M. Seiling, seconded by A. Head and CARRIED, the agenda be approved. Approval of Board Minutes – March 31, 2010 4. The minutes of the Board of Directors Meeting of March 31, 2010 had been circulated with the agenda. On a motion by A. Head, seconded by P. Holowaty and CARRIED, it was resolved that the minutes of the Board Meeting of March 31, 2010 be accepted as a true and correct record of the meeting. Finance & Administration Business 5. Financial Statements – March, 2010 5.1 The Financial Statements for March has been circulated with the agenda. Ann Eckert gave an overview. On a motion by M. Seiling, seconded by T. Bleaney and CARRIED, the March statements be approved. 2 Rental Arrears Report March, 2010 5.2 – The Rental Arrears Report for March had been circulated with the agenda. Camelia Suciu gave the report. The arrears for March were 2 % with 5 vacancies and we were over the market target by 11. Property Business - 6. was discussed in Caucus General Manager’s Report - 7.was discussed in Caucus Open Forum – 8. nil Other - 9. Election of Executive On a motion by M. Seiling, seconded by J. Gazzola and CARRIED, that Denny Cybalski be reappointed Chairman; Andrew Head be reappointed Vice-Chair and Paul Holowaty be appointed Secretary until the end of 2010. On a motion by A. Head, seconded by P. Holowaty and CARRIED, that David Heintz be elected Treasurer. Adjournment 10. 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