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HomeMy WebLinkAboutKit Housing - 2012-05-16 Agenda # 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: May 16, 2012 TIME: 4:30 p.m. PRESENT: Andrew Head, Mike Seiling, Ted Bleaney, Bob McColl, Frank Etherington, Bil Ioannidis, Christian Witt, David Heintz RESOURCE STAFF: Karen Kwiatkowski, Iulian Anghel, Lori Trumper, Camelia Suciu ABSENT: Corrine Cash, Denny Cybalski, Carl Zehr Opening Remarks 1. Andrew Head, Chair, called the meeting to order at 4:30 p.m. Conflict of Interest 2. - nil Approval of Agenda 3. On a motion by Bil Ioannidis, seconded by Frank Etherington and CARRIED, the agenda be approved. Minutes 4. Approval of Board Minutes – April 18, 2012 4.1 The minutes of the Board of Directors Meeting April 18, 2012 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 April 18, 2011 be accepted as true. Minutes of AGM meeting – April 18, 2012-05-22 4.2 The minutes of the AGM meeting, April 18, 2012 had been circulated with the agenda. The minutes were accepted and will be approved at the next AGM meeting. Election of Executives 5. On a motion duly made by Bob McColl, seconded by Ted Bleaney and CARRIED unanimously, that Andrew Head be appointed as Chair, David Heintz as Vice-Chair, Bil Ioannidis as Treasurer , Corrine Cash as Secretary and Denny Cybalski as Past Chair 2 Finance & Administration Business 6. 6.1 Financial Statements - April 2012 The financial statements for April have been circulated with the agenda. Lori Trumper gave an overview of the report. On a motion by Bil Ioannidis, seconded by Frank Etherington and CARRIED, the February financial statements be approved. Rental Arrears Report – March 2012 6.2 Rental Arrears Report for April 2012 has been circulated with the agenda. Lori Trumper gave an overview of the report. The arrears were at 1%, we had 2 vacancies and we were over the market target by 18 units. Property Business - 7. was discussed in Caucus Tenant Placement 7.1 – was discussed in Caucus Property Maintenance Report 7.2 – was discussed in Caucus General Manager’s Report - 8.was discussed in Caucus Open Forum - nil 9. Other – nil 10. Adjournment 11. On a motion by, Bil Ioannidis seconded by Ted Bleaney and CARRIED, the meeting adjourned at 5.30 p.m. ACCEPTANCE OF MINUTES ___________________________________ __________________________ Chairman Secretary