HomeMy WebLinkAboutAffordable Housing Trust Fund Minutes August 31, 2009_201402060923192202Minutes
Affordable Housing Trust Fund – AHTF
_______________________________________________________________________
Scheduled Meeting
Monday August 31, 2009 2 o’clock P.M.
2 Fairgrounds Road, Conference Room
_____________________________________________________________
7 Members Present- Fernando Esteban, Allen Reinhard, Rick Atherton, Michael Kopko, Linda
Williams, Whitey Willauer, Matt MacEachern
Staff present- Andrew Vorce and Susan Bennett Witte
I Call to Order-
Meeting was called to order at 2:10 pm by Pro-tem Chairman Mr. MacEachern
II Establish Quorum-
Pro-tem Chairman MacEachern declared a quorum
III Approval of Agenda-
Motion made by Mr. Willauer and seconded to approve the Agenda.
The vote was unanimous.
IV Approval of Minutes –
Motion made by Mr. Willauer and seconded to approve the minutes froom 8/10/09
The vote was unanimous.
V Public Comment –
No public comment
VI Action/Discussion
A. Continued from 8/10/09-
1. In the event the AHTF requires a legal opinion to who should such services be
billed, Town Administration?
Waiting for a definitive response –move to continue to next meeting
2. Concerning tax restrictions which might apply to any gifts
bequeathed to the AHTF
Waiting for a definitive response –move to continue to next meeting- and
additionally inquire if the Trust is exempt from federal taxes
B. Document treasurer procedures, including review and approvals-
Waiting for a definitive response –move to continue to next meeting
C. Designate officers and decide on a regular meeting schedule-
Motion made by Mr. Willauer and seconded to appoint Mr. MacEachern Chairman.
The vote was unanimous.
Motion made by Mr. Kopko and seconded to appoint Mr. Esteban as Vice
Chairman.
The vote was unanimous.
Staff suggested the regularly scheduled meeting be held every other month,
beginning in October, on the first Monday of each month, at 2 o’clock pm, in the 2
Fairgrounds Road Conference Room- motion was made by Mr. Atherton and
seconded to approve of said meeting schedule.
The vote was unanimous.
D. Review Implementation strategy of existing HPP-
The strategy was read aloud by Ms Witte and the discussion included:
6-8 units of mixed BR sizes at Monohansett map 70 parcel 150
Up to 6 units at Lots C&D Millers Lane
LIP development 6 affirdable and 24 market@ So Shore Rd by Mr.Schorer (private
development)
The entire strategy is located with in the Housing Production Plan (HPP) located on
the Town website
E. Mission statement, goals, and objectives specified and prioritized-
Motion made by Mr. Atherton and seconded to adopt para# 3 of the AHTF Bylaw as
the mission statement.
The vote was unanimous.
The AHTF Mission Statement reads as follows:
The Mission of the Trust is to provide for the creation and presentation of
affordable housing in the Town of Nantucket for the benefit of year-round
low and moderate income households who would otherwise have difficulty,
financial or otherwise, locating housing on Nantucket.
“Goals and objectives prioritized “was deferred to next meeting.
F. Strategize to Capitalize the Trust
1. Identify funding sources to capitalize the Trust
2. Create an annual budget for project/program costs and operating
expenses
FY2011CPC funding application for $900,000.00 authorized
to be prepared by staff- SB Witte. $850,000.00 for programmatic items and
$50,000.00 for professional services; surveys, appraisal costs, etc.
VII Report Items –
No report
VIII Other Business-
None at this time
IX Adjournment –
Motion made by Mr. Willauer and seconded meeting was adjourned at 3:30 pm