Eastham Affordable Housing Trust
Minutes for August 8, 2013
Trustees attending: Matt Wissell, Eileen Morgan, Jim McMakin and Bill Burt
Also attending: Alice Boyd, Bailey Boyd Associates
Absent: John Knight
Meeting was called to order at Noon by Chairman Bill Burt
Minutes of the July 11, 2013 Meeting
It was moved by Jim McMakin and seconded by Eileen Morgan to “accept the minutes of the July 11th meeting as presented.” The motion passed with a unanimous vote.
Update on Bracket Landing
Closing was delayed. Hoping to close on Aug. 16th.
It was moved by Eileen Morgan and seconded by Jim McMakin “to authorize an amount not to exceed $300,000 for the schedule of bills payable for 6 Dory Lane and 17 Dory Lane.” It was approved unanimously.
It was moved by Eileen Morgan and seconded by Jim McMakin “to pursue the purchase of 4 Stellwagon Way.” It was approved unanimously.
Funds Management
The Town Administrator is getting an opinion on whether we can have our own bookkeeper with accounts independent from the town. Alice suggests we would be more efficient if we were to have that autonomy.
Management Contract
It was moved by Eileen Morgan and seconded by Jim McMakin to “approve the management contract with the CDP via email after the Trustees have the opportunity to review it.” It was unanimously approved.
New Projects
There are two town properties which are potential additions to our inventory.
Other Business
Alice monitored the Rental Subsidy program. She reviews the paperwork and randomly calls to participants. She shared that all is in order and that the program is making a real difference in people’s lives.
A mother and two children will be moving into 95 Wampum Lane on September 1st.
The Trust needs to think about our priorities for the new CPA application.
It was moved by Jim McMakin and seconded by Eileen Morgan to “pay the bills totaling $13, 865.04.” It was approved unanimously.
It was moved by Jim McMakin and seconded by Eileen Morgan “to adjourn.” It was unanimously approved.
Meeting was adjourned at 1:08 PM
Respectfully Submitted,
Matthew J Wissell
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