HomeMy WebLinkAboutKit Housing - 2011-08-17
KITCHENER HOUSING INC
MINUTES OF THE MEETING OF THE BOARD OF DIRECTORS
HELD:
Schmalz Room, City Hall, 200 King Street West, Kitchener
DATE:
August 17, 2011
TIME:
4:00 p.m.
PRESENT:
Carl Zehr, Andrew Head, Frank Etherington, Bob McCall, Bil Ioannidis,
David Heintz, Mike Seiling
RESOURCE
STAFF: ,
Karen KwiatkowskiIulian Anghel, Lori Trumper, Camelia Suciu
ABSENT:
Christian Witt, Corrine Cash, Denny Cybalski, Ted Bleaney
Opening Remarks
1.
Andrew Head, Chair called the meeting to order at 4:10 p.m.
Conflict of Interest
2. - nil
Approval of Agenda
3.
On a motion
by Bob McColl, seconded by Mike Seiling and CARRIED, the
agenda be approved.
Minutes
4.
Approval of Board Minutes – June 15, 2011
4.1
The minutes of the Board of Directors Meeting June 15, 2011 had been circulated with the
agenda.
On a motion
by Bob McColl seconded by Bil Ioannidis and CARRIED, it
was resolved that the minutes of the Board Meeting of June 15, 2011 be
accepted as a true and correct record of the meeting.
5. Finance & Administration Business
Financial Statements – July, 2011
5.1
Financial Statements for the July have been circulated with the agenda. Lori Trumper gave
an overview of the report.
On a motion
by Mike Seiling, seconded by Carl Zehr and CARRIED, the
June statements be approved
2
2012 Proposed rent Increases – hand out
5.2.
The Market Rent and Parking increases January 1, 2012 Proposal and Recommendation was
circulated with the agenda.
The proposed rates for parking were $25 for outside parking, $30 for underground parking
and $30 for second car parking.
On a motion
by Bil Ioannidis, seconded by David Heintz and CARRIED, that the rates for
parking be increased to $25 for outside parking, $30 for underground parking and $30 for
second car parking and the market rent be increased by 1.75%
Rental Arrears Report – July 2011
5.2
The Rental Arrears Report for July had been circulated with the agenda. Lori Trumper gave
the report.
The arrears for July were 2 % with 4 vacancies and we were over the market target by 32.
Property Business -
6. was discussed in Caucus
General Manager’s Report -
7.was discussed in Caucus
Open Forum - nil
8.
Other - nil
9.
Adjournment
10.
On a motion
by, Bil Ioannidis seconded by Mike Seiling and CARRIED, the
meeting adjourned at 5.30 p.m.
ACCEPTANCE OF MINUTES
___________________________________ __________________________
Chairman Secretary