Louisville Housing Authority Agenda and Packet 2012 01 24

Home Browse Search

Frank said that in the past we have had a total maintenance salary and benefit expenditure based on the number of personnel and based on the entire number of units. Beyond that 30% the remainder is charged by work order. If a particular site has less work, it will pay less than a site that has more work. Kristyn will pull the details on the maintenance budget and email them to the Board members. Sally said that we now have in -house painting, in- house cleaning. Projected rent revenues will go up at different times: Sunnyside, 2 bedrooms, will go from $910 up to $920, 3 bedrooms $1075 to $1085; Lydia Morgan, up to $740; Lilac Place, up to $770; Regal II, up to $785; Acme Place, four units are all going up 10 each, $650, $780, and $670 (we pay all the utilities there as there is only one meter for the entire facility); Regal Square, no increases because they are subsidized. Frank said we are looking at a refinance of the property for 2013 and of Sunnyside in 2015. Frank said the major issues we need to answer are the maintenance salary lines in LHA itself. We get the budget adopted in this meeting, and.then load that into the finance system. . b) Opening Public Hearing* Terri opened the public hearing on the adoption of the 2012 Operating Budgets for Louisville Housing Authority, East Street and Limited Partnerships Liz Black said she likes the transparency on the revenues. It helps see where the numbers are coming from. It looks like a lot of effort, thought, and care went into this to make it realistic. c) Closing Public Hearing Terri made a motion to close the Public Hearing. Walt seconded the motion. Public Hearing closed. Kelly made the motion to approve the Operating Budgets for 2012 with the caveat that we will include amendments in January. Walt seconded the motion. Motion approved. Resolution 2011 -08: A Resolution approving the Operating Budgets for LHA, LSEL and ESLP for FY2012 Property Management/Maintenance Report d) Rent and Occupancy Update Sally said she is getting at least 5 phone calls aweek for Lydia Morgan. She has 4 people on the current wait list. A tenant passed away there last week. There is a small wait list for his unit, #112. Four units have turned over at Sunnyside. There are already people lined up for them. No turnover at Acme Place, Lilac Place, Regal II and Hillside. Regal Square tenant will move and that one is already covered. e) Monthly Rental Vacancy Report Year to date occupancy is on page 17 in the packet. 3 months of this year, every single resident has paid every single dollar that they owe. 1) Discussion of Sunnyside Playground Frank said that last month we talked about putting in a sand box. At some point we will need to know how much to spend and what we want to pay for it. The board made decisions to use that money for safety issues. We have been carrying the money over for years. From a quality of life issue, we have always had a problem with kids not having a whole lot to do here. 4