HomeMy WebLinkAboutKit Housing - 2012-08-15
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:
August 15, 2012
TIME:
4:30 p.m.
PRESENT:
David Heintz, Carl Zehr, Frank Etherington, Mike Seiling, Ted Bleaney, Bob
McColl, Bil Ioannidis
RESOURCE
STAFF:
Karen Kwiatkowski, Iulian Anghel, Lori Trumper, Camelia Suciu
ABSENT:
Denny Cybalski, Corrine Cash, Andrew Head, Christian Witt
Opening Remarks
1.
David Heintz, Vice- Chair, called the meeting to order at 4:00 p.m.
Conflict of Interest
2. - nil
Approval of Agenda
3.
On a motion
by Bil Ioannidis, seconded by Ted Bleaney and CARRIED,
that the agenda be approved.
Minutes
4.
Approval of Board Minutes – June 20, 2012
4.1
The minutes of the Board of Directors Meeting June20, 2012 had been circulated with the
agenda.
On a motion
by Bil Ioannidis seconded by Ted Bleaney and CARRIED, it
was resolved that the minutes of the Board Meeting of June 20, 2012 be
accepted as true.
Finance & Administration Business
5.
5.1 Financial Statements – June 2012
The financial statements for June have been circulated with the agenda. Lori Trumper gave
an overview of the report.
On a motion
by Bil Ioannidis, seconded by Bob McColl and CARRIED,
the June financial statements be approved.
2
Rental Arrears Report – June 2012
5.2
Rental Arrears Report for June 2012 had been circulated with the agenda. Lori Trumper
gave an overview of the report. The arrears were at 3%, we had 3 vacancies and we were
over the market target by 11 units.
Market Rent Increases
5.3
The Market Rent increases January 1, 2013 & Oprington/Howe November 1, 2013 Proposal
and Recommendation was circulated with the agenda.
A history of Market Rent Increases from 1998 to 2012 was included in the report. The
increases were for most of the times below the Ontario Guidelines. This year the Ontario
Guidelines is 2.50% and KHI recommendation is to increase the market rent with 2.50%
On a motion
by Bil Ioannidis, seconded by Bob McColl and
CARRIED, that the rates for the market rent be increased by 2.50%
be approved.
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
Open Forum - nil
8.
Other – nil
9.
Adjournment
10.
On a motion
by, Bob McColl seconded by Ted Bleaney and CARRIED, the meeting
adjourned at 5:00 p.m.
ACCEPTANCE OF MINUTES
___________________________________ __________________________
Chairman Secretary