HomeMy WebLinkAboutKit Housing - 2013-08-21
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 21, 2013
TIME:
4:00 p.m.
PRESENT: ,
Andrew HeadBob McColl, Mike Seiling, Carl Zehr, Ted Bleaney,
Richard Parent, Ted Bleaney, Bil Ioannidis,
RESOURCE
STAFF:
Karen Kwiatkowski, Iulian Anghel, Lori Trumper
ABSENT:
Denny Cybalski, Christian Witt, Corrine Cash
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 Bob McColl, seconded by Richard Parent and
CARRIED, that the agenda be approved.
Minutes
4.
Approval of Board Minutes – June 19, 2013
4.1
The minutes of the Board of Directors Meeting –June 19, 2013 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 June 19, 2013 be
accepted as true.
Finance & Administration Business
5.
Financial Statements - July 2013
5.1
The financial statements for July have been circulated with the agenda. Lori Trumper
gave an overview of the report.
On a motion
by Mike Seiling, seconded by Richard Parent and
CARRIED, the July financial statements be approved.
Rental Arrears Report – July 2013
5.2
Rental Arrears Report for July 2013 had been circulated with the agenda. The arrears
were at 1%, we had 2.5 vacancy and we were over the market target by 18 units.
Market Rents 2014
5.3
Ontario is capping rent increases for 2014 at .08%. The Rent Increase Guideline may be
increased by those in the social housing program. The attachment provides two options
for rent increases: .08% and 1%
A history of Market Rent Increases from 1998 to 2012 was included in the report. The
annual have been below the Ontario Guidelines in prior years. After review an
discussions the Board made the following recommendation.
On a motion
by Bil Ioannidis, seconded by Richard Parent and
CARRIED, that the 2014 market rent be increased by 1% with
Cedar View which will be increased at .08% 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 –
9.
Adjournment
10.
On a motion
by, Carl Zehr seconded by Bob McColl and CARRIED, the meeting
adjourned at 5:30 P.M
ACCEPTANCE OF MINUTES
___________________________________ __________________________
Chairman Secretary