HomeMy WebLinkAboutKit Housing - 2012-09-19
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:
September 19, 2012
TIME:
4:20 p.m.
PRESENT:
Andrew HeadDavid Heintz, Carl Zehr, Frank Etherington, Mike Seiling, Ted
Bleaney, Bil Ioannidis, Christian Witt, Corrine Cash
RESOURCE
STAFF:
Karen Kwiatkowski, Iulian Anghel, Lori Trumper, Camelia Suciu
ABSENT:
Denny Cybalski, Bob McColl
Opening Remarks
1.
Andrew Head - Chair, called the meeting to order at 4:20 p.m.
Conflict of Interest
2. - nil
Approval of Agenda
3.
On a motion
by Mike Seiling, seconded by Ted Bleaney and CARRIED,
that the agenda be approved.
Minutes
4.
Approval of Board Minutes – August 15, 2012
4.1
The minutes of the Board of Directors Meeting August 15, 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 August 15, 2012 be
accepted as true.
Finance & Administration Business
5.
5.1 Financial Statements – August 2012
The financial statements for August have been circulated with the agenda. Lori Trumper
gave an overview of the report.
On a motion
by Frank Etherington, seconded by Mike Seiling and
CARRIED, the August financial statements be approved.
2
.
2013 Operation Submission
5.2
A Summary of the 2013 Draft Budget for Eligible Expenses was circulated with the agenda.
On a motion
by Mike Seiling, seconded by Ted Bleaney and
CARRIED, that 2013 Operation Submission be approved.
5.2Five Year Capital Submission
The Five Year Capital Submission was circulated with the agenda. Julian gave an overview
of the report.
On a motion
by Mike Seiling, seconded by Mike Seiling and David
Heintz and CARRIED, that Five Year Capital Submission be
approved
5.4Rental Arrears Report – August 2012
Rental Arrears Report for August 2012 had been circulated with the agenda. Lori Trumper
gave an overview of the report. The arrears were at 2%, we had 4 vacancies and we were
over the market target by 11 units
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, Mike Seiling seconded by Carl Zehr and CARRIED, the meeting
adjourned at 5:10 p.m.
ACCEPTANCE OF MINUTES
___________________________________ __________________________
Chairman Secretary