HomeMy WebLinkAboutKit Housing - 2012-02-15Agenda # 4.1
KITCHENER HOUSING INC
MINUTES OF THE MEETING OF THE BOARD OF DIRECTORS
HELD:
Schmalz Room, City Hall, 200 King Street West, Kitchener
DATE:
February 15, 2012
TIME:
4:00 p.m.
PRESENT:
Andrew Head, Carl Zehr, Christian Witt, David Heintz, Bil Ioannidis Ted
Bleaney, Bob McColl, Mike Seiling,
RESOURCE
STAFF: ,
Karen KwiatkowskiIulian Anghel, Lori Trumper, Camelia Suciu
ABSENT:
Corrine Cash, Frank Etherington, Denny Cybalski
Opening Remarks
1.
Andrew Head, Chair, called the meeting to order at 4:00 p.m.
Conflict of Interest
2. - nil
Approval of Agenda
3.
On a motion
by Ted Bleaney, seconded by Bob McColl and CARRIED, the
agenda be approved.
Minutes
4.
Approval of Board Minutes – January 18, 2012
4.1
The minutes of the Board of Directors Meeting January 18, 2012 had been circulated with
the agenda.
On a motion
by Ted Bleaney seconded by Bob McColl and CARRIED, it
was resolved that the minutes of the Board Meeting of January 18, 2011 be
accepted as amended.
Finance & Administration Business
5.
Financial Statements – January 2012
5.1
The financial statements for January have been circulated with the agenda. Lori Trumper
gave an overview or the report. Most of the expenditure relate to the prior year. The
budgets for 2012 from the Region of Waterloo are reflected in the statements.
On a motion
by Bob McColl, seconded by Mike Seiling and CARRIED, the
January financial statements be approved.
2
Rental Arrears Report – January 2012
5.2
Rental Arrears Report for January 2012 has been circulated with the agenda. Lori Trumper
gave an overview of the report. The arrears were at 3%, we had 2 vacancy and we were
over the market target by 27 units.
Question regarding the high arrears at Lancaster Maples. At the time of reporting we had
th
two L1 applications for non payment of rent with hearing date on February 14.
Property Business -
6. was discussed in Caucus
Tenant Placement
6.1 – was discussed in Caucus
Property Maintenance Report
6.2 – was discussed in Caucus
General Manager’s Report -
7.was discussed in Caucus
Chair updates
8.– nil
Open Forum - nil
9.
Other - nil
10.
Adjournment
11.
On a motion
by, Mike Seiling seconded by Ted Bleaney and CARRIED, the
meeting adjourned at 5.30 p.m.
ACCEPTANCE OF MINUTES
___________________________________ __________________________
Chairman Secretary