HomeMy WebLinkAboutKit Housing - 2011-02-16
KITCHENER HOUSING INC
MINUTES OF THE MEETING OF THE BOARD OF DIRECTORS
HELD:
Schmalz Room, City Hall, 200 King Street West, Kitchener
DATE:
February 16, 2011
TIME:
4:00 p.m.
PRESENT:
Andrew Head, Carl Zehr, Bil Ioannidis, Frank Etherington, Bob McColl, Ted
Bleaney, Mike Seiling
RESOURCE
STAFF:
Iulian Anghel, Lori Trumper, Camelia Suciu
ABSENT:
Denny Cybalski, David Heintz, Christian Witt, Corrine Cash
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 Ted Bleaney and CARRIED, the
agenda be approved.
Minutes
4.
Approval of Board Minutes – January 19, 2011
4.1
The minutes of the Board of Directors Meeting of January 19, 2011 had been circulated with
the agenda.
On a motion
by Bob McColl seconded by Mike Seiling and CARRIED, it
was resolved that the minutes of the Board Meeting of January 19, 2011 be
accepted as a true and correct record of the meeting.
Approval of Minutes – Executive Meeting - January 26, 2011
4.2
The minutes of the Executive Meeting of January 26, 2011 had been circulated with the
agenda. It was resolved that the minutes will be approved at the next Board meeting as a
quorum of members of the Executive were not present at this meeting.
Finance & Administration Business
5.
Financial Statements – January, 2011
5.1
Financial Statements for the January have been circulated with the agenda. Lori Trumper
gave an overview of the report.
2
Oprington will be included from now on with the Provincial Portfolio. All the January
actuals are low and this is due to the fact that for most part of January we were dealing with
finalizing of the previous year. The budget for the year has been established.
On a motion
by Ted Bleaney, seconded by Mike Seiling and CARRIED,
the January statements be approved
Rental Arrears Report – January, 2011
5.2
The Rental Arrears Report for January had been circulated with the agenda. Lori Trumper
gave the report.
The arrears for January were 4 % with 1 vacancy and we were over the market target by 38.
The percentage of arrears is higher than the usual. This is due to the legal files that we have
on roll and one tenancy that ended in eviction.
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, Bob McColl seconded by Bil Ioannidis and CARRIED, the
meeting adjourned at 5:30 p.m.
ACCEPTANCE OF MINUTES
___________________________________ __________________________
Chairman Secretary