HomeMy WebLinkAbout2019-04-02 Affordable Housing Trust Minutes N
North Andover Affordable Housing Trust
Meeting Minutes
April 2, 2019
'Town Hall Conference Room 2
(present: Laurie Burziaff,George Koehler, Roger Lawson,Joan Fitzgibbons and Christopher Jee
Absent: Robert Bernardin and Richard Vail,lancourt
Meeting was called to order at 6:05 p.m.
Approval of Minutes from March 5 2019 Motion made by Joan Fitzgibbons,seconded by George Koehler to approve the meeting
minutes of March 5, 2019. Motion approved 5-0.
Bread and Roses reguesst for additional funding for 13 Annis Street
Yesenia Gll, Executive(Director of Bread& Roses Housing provided a summary of the process..The closing is scheduled for April 111".
There were unforeseen issues with the property.The entire electrical system needed to be updated at a cost of approximately
$15,000. Bread and Roses also had to carry a construction loan for a year,which is not typically done.The Trustees acknowledged
the problems encountered selling the house. It took three seminars to find a qualified buyer and the gas crisis delayed the project.
Joan Fitzgibbons made a motion,seconded by Roger Lawson to accept$99,000 pay back from Bread and Roses instead of$120,500
due to the unforeseen extra costs, Motion approved 5-0.
ADJOURNMENT:Joan Fitzgibbons made a motion,seconded by Roger Lawson to adjourn the meeting at 6:40 p.m. Motion
approved 5-0.
MEETING MATERIALS:Agenda; Meeting minutes of March 5, 2018;. Bread and Roses Housing Report