HomeMy WebLinkAboutAffordable Housing Trust Fund Minutes - June 13, 2011_201402060924009861Approved Minutes
Affordable Housing Trust Fund – AHTF
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Regular Meeting
Monday June13, 2011
3:00 P.M.
Conference Room
2 Fairgrounds Road
Trustees Present: Matthew MacEachern, Fernando Esteban, Linda Williams (arrived 3:25 pm),
Rick Atherton, Charles Hughes, Patty Roggeveen
and Whitey Willauer
Trustees Absent: Bob DeCosta, Michael Kopko,
Staff present: Susan B. Witte
I. Call to Order The meeting was called to order at 3:10 pm
II. Establish Quorum Chairman MacEachern established there was a quorum
III. Approval of Agenda Motion was made by Mr. Atherton and duly seconded to approve the
agenda, the vote carried 6-0
IV. Approval of Minutes Mr Atherton made to motion to approve the minutes of the May 9, 2011
meeting, and after being duly seconded the motion carried unanimously.
V. Public Comment No Public Comment
VI. Action/Discussion
1. Ongoing Business:
a. 5 Monohansett-update- Staff reported there were disappointingly
no bids received for the RFP to dispose of 5 Monohansett on the
due date of 6/9/11. The listing remains in the Link (NAREB
MLS) system and a new 30 day RFP issuance will be discussed
along with a possible price change in the Executive Session portion
of this meeting
b. 7 Surfside Rd- update – Staff reported the tenant rent payment
history is “on time”. The yard work, new loam, and seeding is
completed. The grass lawn is taking hold and heavy watering phase
is behind us. A pre-lease plan to install a washer and dryer for the
unit after several months of successful rent accumulation and then
to transfer the water utility into the tenant’s name will be initiated.
The staff is looking for a gently used “stack” washer and dryer to
install.
c. Programs in Development for FY 2012- Staff reported that the
web site has been updated with US Census demographics for
Nantucket have been put on the Housing Planning portion of the
Town’s web page and on the AHTF web page. Staff reported that
three (3) CPC applications should be draft outline form for the
next AHTF meeting. Those programs are specifically: an Accessory
Apartment Amnesty program; a House Move Program; 7 Surfside
Road Development Program.
2. New Business:
a. Audit requirement- Staff reported the AHTF charter requires an
annual independent audit. FY closes the end of this month. Staff
obtained an estimate from the Town’s contracted auditor Powers
and Sullivan and was quoted a price from four (4) to not to exceed
ten (10) thousand dollars. Trustees requested staff to seek other
price quotes. Mr Atherton offered to contact Powers and Sullivan
through the audit committee and learn if better pricing might be
available to us as a Town entity. Suggestions from other Trustees
included getting a quote from Mr. Peter Lamb’s accountancy firm
as well as researching who other municipalities with AHTF’s utilize
for their audits.
b. Fund raising –Private donations- credit card account – Staff
announced her plan to accept the volunteered assistance of a
Summer resident knowledgeable in fund raising to assist staff in
drafting a letter which would be generic yet personalized to reach
out to those persons who by public record purchased a home in
Nantucket in the past 12 months at a cost over 150% of Median
sales price for Nantucket, which is the identical demographic that
was identified by proponents of the Community Housing Bank Bill
which passed unanimously at multiple Annual Town Meetings and
had it been approved by the Legislature would have created a tax
of 1% of the sales price to be mandated for the local use to create
affordable housing. The Town Treasurer, who is custodian of the
AHTF monies has offered the AHTF a mechanism to collect
donations/gifts by credit card. Ms Roggeveen and Mr. Atherton
expressed concern this may be an ethical problem for the members
of the Trust who also serve on the Board of Selectmen. Mr.
Hughes expressed concerns about asking for money from this
demographic at all stating he would prefer the AHTF be listed on
the tax bill as a choice for contributions. Ms Witte explained that a
Special Act request of the Legislature is in planning for
presentation at 2012 Annual Town Meeting and explained that in
the past 12 months there have been over 90 transactions with sales
prices higher the 150% of median i.e., over $2 Million dollars and
that the Trust is in a good position to introduce itself to this
demographic and in explaining the mission and purpose of the
Trust to accept tax deductable donations. Ms Roggeveen and Mr.
Atherton requested that staff delay the issuance of these letters
until after receiving a ruling from the State Ethics Commission that
this is a permissible task for the Trust.
c. Potential acquisition- Staff requested a motion to add an
additional CPC request for funds application for FY 12 for the
acquisition of 20and 24 S Shore Rd to then subsequently donate
to a non-profit entity interested in developing the parcel for
affordable rental housing. Several questions surfaced by Trustees as
to the environmental status of that property and a motion was
made by Mr Hughes and duly seconded which carried unanimously
to have staff look into such status and report back to the AHTF at
next meeting and to initially work on a draft CPC application for
funding.
V11. Executive Session: The AHTF Trustees will be polled to go into Executive Session to consider the
purchase, exchange, lease, or value of real property and not to reconvene in open session.
A motion was made by Ms Williams and duly seconded at 3:40
PM all Trustees were individually polled and the vote was
unanimous to go into Executive Session to consider the
purchase, exchange, lease, or value of real property and not to
reconvene in open session.
VIII. Adjournment- This was done at 4:00 PM at the above reference Executive
Session.
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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. These are posted as Open
Meetings held at 3 o’clock pm in the 2 Fairgrounds Road Conference Room on the following dates:
January 10, 2011; February 14, 2011; March 14, 2011; May 9, 2011, June 13, 2011; August 8, 2011;
September 12, 2011; November 14, 2011;
December 12, 2011