HomeMy WebLinkAboutKit Housing - 2015-12-16
Minutes
Board of Directors Meeting
th
Wednesday, December 16 , 2015
City of Kitchener City Hall,
Training Room
PRESENT: B. McColl (Chair)
Directors: L. Keys, P. Kohli, F. Etherington, A. Chin, B.
Ioannidis, T. Bleaney, R. Parent, M. Seiling
General Manager: T. Belanger
Manager of Accounting: L. Trumper
Manager of Facilities: I. Anghel
Account Analyst: C. Suciu
REGRETS: B. Vrbanovic
1. Meeting Opening
1.1 Call to Order
Bob McColl, Chair called the meeting to order at 3:00 pm with a quorum present.
1.2 Declaration of Conflict of Interest.
There was no conflict of interest declared.
1.3 Approval of Agenda
:
Res #01-12-15: Approval of Agenda
On a motion by Bil Ioannidis seconded by Frank Etherington, that the agenda be
approved
.
1.4 Approval of Minutes
Minutes were circulated with the agenda.
th
Res #02-12-15: Approval of Board Minutes November 18, 2015
On a motion by Frank Etherington seconded by Andre Chin, it was resolved that the
th
minutes of the Board Meeting of November 18, 2015 be accepted as true
2. Finance & Administration Business
th
2.1 Financial Report for the period ending November 30, 2015.
The Financial Report was presented by Lori Trumper.
Res #03-12-15: Approval of Financial Report
On a motion by Bil Ioannidis seconded by Lisa Keys, it was resolved that the Board
th
accepts the Year-to-Date Financial Report for the period ending November 30, 2015
2.2 Rental Arrears Report
The Arrears Report was presented by Lori Trumper. At the end of November the arrears were at 5%
2.3 Tenant Placement Report
The Report was presented by Lori Trumper. During the month of November we had 11 notices to
vacate.
2.4 Mortgage Renewal: 64 St George St/73 Church Street
The current mortgage for 73 Church Street/64 St. George St matures April 1, 2016 in the
approximate amount of $1,556,962.93. Current interest rate is 4.66%, monthly principal and interest
payments are $16,183.00
Res #04-12-15: Mortgage Renewal: 64 St. George St. and 73 Church St.
On a motion by Mike Seiling seconded by Preet Kohli, it was resolved that the Board
approve the attached prescribed resolution to allow the Ministry
and Housing to arrange refinancing of the existing mortgage for 64 St. George St. and 73
Church
3 Facilities Operations/Property Management Business
3.1 Update: 430 Connaught Avenue
Julian provided information on:
Development of 430 Connaught
Approval for Demolition Control granted on December 2. 2015
KHI staff accomplished the deadline from the ROW Conditional Letter of Commitment
A final construction budget to be presented at December Board Meeting.
4 Matters for Discussion
4.1
The GM Report was circulated with the agenda. T. Belanger provided information on:
rd
Team building: On November 23 KHI staff met at 430 Connaught to make preparations for
the demolition of the existing structure.
4.2 Committee Minutes Policy Sub-Committee Meeting
The minutes for the Policy Sub-committee meeting were circulated with the agenda.
Res #05-12-15: Policies Sub-Committee Meeting
On a motion
by Lisa Keys seconded by Preet Kohli, it was resolved that the Board
approve the meeting minutes of the Policies Sub-Committee meeting of Monday
November 23th, 2015.
4.3 Contribution Agreement to 430 Connaught.
Res #06-12-15: Contribution Agreement430 Connaught
On a motion
by Richard Parent seconded by Ted Bleaney, it was resolved that the Board
authorizes the Chair and General Manager to enter into a Community Housing Financial
Contribution and Operating Agreement and any other agreements, documentation or
.
security required by the Region
5 Matters for Noting - Nil
6 In-Camera Business
6.1 Motion to go in-camera
Res #07-12-15: Approval for In-Camera
On a motion by Richard Parent seconded by Ted Bleaney, it was resolved that the
Board meet in-camera at 4:05 to discuss a property and legal matter.
Motion to come out of in-camera
6.2
Res #08-11-15: Approval to come out of In-Camera
On a motion by Ted Bleaney seconded by Lisa Keys, it was resolved that the Board
come out of in-camera meeting at 5:20
Res #08-12-15: Approval of In-Camera Minutes
On a motion by Preet Kohli seconded by Richard Parent, it was resolved that the Board
th
approve the In-Camera Minutes of November 18, 2015.
Res #09-12-15: Approval to come out of In-Camera
On a motion by Ted Bleaney seconded by Lisa Keys, it was resolved that the Board
come out of in-camera meeting at 4:28 pm.
7 Meeting Closing
7.1 Next Regular Meeting
Next meeting: Wednesday January 20, 2016 @ 4:00 PM.
7.2 Meeting Adjourned
Res #09-11-15: Approval to Adjourn
On a motion
by Lisa Keys seconded by Frank Etherington, it was resolved that the
th
.
Board meeting of December 16, 2015 be adjourned at 4:30 pm
_________________________ ____________________________
Date
Chair
___________________________ ___________________________
Date
Vice--Chair