Click here toFinal
RIVER PLACE SOUTH HOUSING CORPORATION
BOARD OF DIRECTORS MEETING
June 27, 2017
CALL TO ORDER
The meeting was called to order by Ms. Mays at 6:05 p.m.
Board Members Present: Janice Mays President
Waqas Ali Vice President
Jim McInerney Treasurer
Sara Shahade Secretary
Vic Reddy Director
Richard Villegas Director
David Williams Director
Board Members Absent: None.
Others Present: Joette Waters Building Manager
Brian Hernandez Office Staff
Bob Porco Zalco
Don Perper Zalco
Jerry Audi AT & T
Barbara Seaman Recording Secretary
Residents: Nancy Greenberg #542; William Lawn #1115; Howard Wilkes #707; Bonnie Kline #926; Lauren Hall #1029 & 1034.
RESIDENT PARTICIPATION: Ms. Greenberg #542 said that the PIYO class in the Entertainment Center was very good. Mr. Lawn #1115 was observing. Mr. Wilkes #707 said he wanted to learn about Board operations.
APPROVAL OF AGENDA:
MOTION: Mr. Williams moved, Ms. Shahade seconded, to approve the agenda as written. The motion passed unanimously (7-0-0).
FINANCIAL REPORT: Mr. Porco reported that the co-op’s fiscal year ended on April 30 and that RPS was in good shape. He also said that the Goldklang audit should be finished soon. The reserve balance, he said, was $1,281,000 and that the cash generated by the rentals was $370,000 net. Operating expenses were 5% under budget and delinquencies were less than 1%. He added that there were no problem areas and that the contingency line items cover unexpected occurrences.