Louisville Housing Authority Minutes 2007 01 30

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with that. Numbers could be rounded to whole numbers, i.e., 850 vs. 851; incentive if direct deposit is done. Motion to approve rent levels by Scott McKenzie and seconded by Doris Fasbender. Approved unanimously to raise rent levels as presented. 'Syear capital plan This does not include proposed rent increased. Capital detail at Sunnyside, we were projecting more of the exterior to be painted. Talk to Don about painting costs there. Need to discuss numbers with him.. .should be, higher than 1800. Cash balance at Regal Square is restricted. With excess cash at RS, pay down on debt service. Can transfer excess cash at Acme to other sites. ACtion: Jay proposed that we payoff debt service at RS; Lisa to bring back a resolution to pay that off next month. Check to see if there is any benefit to paying it off. Ifwe are making any interest on this, does it make sense to payoff if it is only principal? Auditors will be at the next board meeting to go over tax credits. Did tenant file testing for LHA which have never been done before. One change to prior period adjustments. The auditors have been really good to work with. December financial statements. We will go over in detail when we have final numbers next month. Major cost was snow removal. Put us over by $5K on budget for sites. We put in , application to see if we could get FEMA funds to repay overage. It was submitted with County package" Development report Sign updates for Sunnyside and Regal Square. Se.ction 8/Property Mgmt Occupancy at98% foryear, monthly at 98%. Section 8: 23 vouchers Inclusionarv Zoning Paul discussed the Planning meeting. Paul doesn't think this vote reflects a "no interest" with ordinancc, but indicates that they just want to understand the true impact. Go back to Planning commission 'and move meeting out. Rick arid Justin, developers (own company). Brought up some perspectives from the developers view on the IZ ordinance that need to be addressed.