RIVER PLACE SOUTH HOUSING CORPORATION
BOARD OF DIRECTORS MEETING
April 26, 2017
CALL TO ORDER
The meeting was called to order by Ms. Mays at 5:45 p.m.
Board Members Present: Janice Mays President
Waqas Ali Vice President
Jim McInerney Treasurer
Sara Shahade Secretary
Richard Villegas Director
David Williams Director
Vic Reddy Director
Board Members Absent: None.
Others Present: Joette Waters Building Manager
Brian Hernandez Office Staff
Barbara Seaman Recording Secretary
Residents: Nancy Greenberg #542; William Lawn #1115; Girija Tickoo #918; Howard Wilkes #707; Jim Wolf #632; John von Pischke #208; Bonnie Kline #926 ; James Mirandy #642.
APPROVAL OF AGENDA:
MOTION: Mr. Williams moved, Mr. Ali seconded, to approve the agenda as amended. The motion passed unanimously (7-0-0).
APPROVAL OF MINUTES:
MOTION: Mr. Ali moved, Mr. Williams seconded, to approve the Minutes of February 28, 2017 as amended. The motion passed (3-0-4) with Ms. Mays, Mr. Williams, and Ms. Shahade in favor and Mr. Villegas, Mr. Ali, Mr. McInerney, and Mr. Reddy abstaining.
President: Ms. Mays had no report.
Treasurer: Mr. McInerney said he will have a report at the next meeting. Ms. Waters then gave a summary of the financial report and said that RPS was under budget by 6%. She also said that she moved $334, 000 into the money for work on the lobby projects, the carpeting balance, the 2nd floor work, replacement of the HVAC units, risers, WiFi, music in the lobby, and new valves for the boiler. She added that the co-op has a balance of $367,000 in operating and the rentals have $100,000.
OA: Report will be given in Executive Session.
Lobby/Building Design: Ms. Waters gave an update on the carpeting, ceiling, new light fixtures, painting, mailroom, stone on back order, and mill work on the fireplace, adding that all should be complete within a 10-week framework.
Recent Sales: Mr. Villegas reported that recent sales were slow and that he was trying to get more lenders to create more competition. He was also asking the building managers for resale packages and other documents to give potential lenders.
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