Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Finance Vouchers topic
No spam. Unsubscribe anytime.
Board approves April vouchers; staff outlines RAD-related extraordinary expenditures
Summary
The Housing Authority board approved April vouchers and reviewed extraordinary PHA and Pintlar expenditures tied to the RAD transaction, including RAD incentive payments, LIHTC compliance training, sprinkler fee adjustments and extra commercial liability insurance required by the investor.
The Board of Commissioners of the Housing Authority of the City of Anaconda voted unanimously May 14 to approve the PHA and Pintlar vouchers for April after a report from Assistant Director Paul Fenchak detailing extraordinary expenditures tied to the authority's recent RAD conversion.
Fenchak summarized line items including RAD Incentive Compensation Plan payments to staff, Low-Income Housing Tax Credit (LIHTC) compliance training for directors, a summer return of sprinkler fees from the Water Department, bed-bug treatment paid to B Squared, payment to Ray Peterson Electric, and additional Commercial General Liability insurance with Cincinnati Specialty Underwriters required by the investor for the RAD transaction. Chair A. Vauthier entertained a motion to approve the vouchers; Commissioner K. Vauthier moved and Commissioner Rice seconded, and the motion carried unanimously.
The discussion noted parallel Pintlar expenditures: addition of sprinkler fees and a payment to Anaconda Fire and Safety for extinguisher recharging. The board recorded no separate objections and formal approval was recorded in the minutes.
