all this meeting to order. The first item on the agenda is the approval of this of May 21st. Motion to accept the minutes as printed. So second bill the bill submitted for May 2025.
Oh, you can address that's um all the um insurance for the um employees and retirees one bill. Sure. Um so uh for the 667 which is here we have um in the office we've been
doing um daily just our daily routine. Jean hasn't taken um champ classes and we did lose our um girl in Swansea. So we kind of have been going back and forth between Swansea and Christian hired Southern City authors. So she's
been trying to train both and girl in Swansea. So um she is but she it all together and she know you need to go to sunset. She she's here now as a resident service coordinator. So it's really nice because that um we
share the resident serving service coordinator with just Swansea alone. So she can do e the resident service coordinator from either place. So she doesn't unless she has an appointment with the tenant specifically to work with her tenant, but that job can be done from um with the computer stuff she
does from the year off. So, it's been nice that she can bounce back and forth to help with um the Mary um administrative assistance. Um we also have been working on um we did we we probably we got both grants for the um
uh the intercom. Intercom. Yes, we got we got the intercom grant and we also got the grant for the um the screens. So, we've been working with the company to um see what we're going to be putting in for the railings and the screens on the back
back of the porches. The intercoms, we really don't even have um an architect that came up spec yet or a job with proposal for that, but they are working on that. So, um once we get all that done, we'll be looking for everything will be almost fully brand new here. Um
so, that'll be really good. Mike has also um with our agent in place grant, some of the lower apartments that have opened, Mike has put in walk-in showers. Um if you guys have a chance to go check out the apartment he's working in, it's it looks really nice. And um the showers
are up are actually very nice for um females for people that have a hard time getting the tub. I'm not sure how many, you know, how long that grant's going to last, but as the um downstairs open up, we're either cutting the tubs or putting in um depending on how bad he's
surrounded in the um bathroom, putting in um the walk-in showers. Um, as far as Garfield Street, uh, we're going to be, um, they just had an inspection and we're going to start working on, um, a bathroom there, maint bathroom. We do have the money in our, um, capital plan.
So, I know Ta, we're going to um, team up with Taunt and Housing Authority to pay their guys so we don't have to put it out to bid. And then Mike's also going to be doing a bunch of the work over there. So, that's what we working on here. Okay.
All right. So, um discuss today versus retirement um pension fund. So, usually we pay it once it keeps getting higher and higher. So, um for payments of $776. So, I would um ask the board just so we
don't deplete a lot of the um checking account um to pay it in two or we did last year also pay in two um separate um payment installments. Um so, the installments instead of just coming up with the 43,000, we'll have two
installments of $22,270.50. last year on full. No, last year we separated it also. The year before we made it in full, but um we do have some um projects coming up and some of the big projects we get, we're allowed to take um 10% the admin funds and that
goes back into our um account and it it makes our reserves higher. So um right now because we had the management um contract, we were waiting for our accountant to give us a um a price of how much we owe Somerset. So we paid it in a one full year. the ow from last
July because I stopped working in July and I was under the management contract. So, we had just written out a check this summer um with the accountant um let's go ahead 53,000. So, I hate to write such a big check to right away, but I mean we don't make any money on
money on our account $776. Is it fair? Is is there a other than not seeing it in the check checkbook, is there a real good reason not to Yeah. In case we have like an emergency that has to happen and we have to come with the money first and then we end up not being
shot. Yeah. Yeah. So I would rather come because of our other things. Yeah. So, we definitely self-sufficient and our reserves still at a good rate and like we we're hoping that once we do um get our adding fee from a lot of these projects that it's really going to put
our reserves back into the 70% which would be nice. Um but I just um I know um usually do pay it all in full, but it was a lot less back then. It keeps going up and up every year. So, I think it would just be best for us just to share and then we can revisit this next year.
So, So, we need a motion to uh I'll make a motion to pay it by annual second. All in favor? Motion passes. Any old business?
No business. Maintenance report. Uh besides normal maintenance has been going on um finishing up the last turnover probably today and tomorrow. So that'll be rented again until the next
wave comes second. But yeah, we've been just doing turnovers and stuff. Do we have um um in that downstairs? Do we have somebody upstairs Nancy going downstairs? Uh, no. We have um the two that were
upstairs are full. Yeah, we left with one downstairs and there's no a list was pulled for the downstairs. Oh, okay. So, there's no more tenants upstairs waiting to come downstairs. Oh, that's actually excellent. What's that? Yes, we have one of our
open and she's working on the list. But usually what happens is if somebody upstairs needs to come down, then he has to do the upstairs department. That's really great that we have brought everybody that needs to come down. That's excellent. Don't really have two two empty right now. No, we only have one now. Um she just leased up um we
have three. Um she le up somebody two weeks ago. This morning they leased up somebody and they already have somebody um working on it. So you have a ten is fully just the 10. Yep. Yes. Yeah.
We're working on it. We have a few people that are on the list that we're just going through all their um paperwork to see which one qualifies. So to accept this report here,
next meeting is Wednesday, July 16th. If there's no more business motion to adjourn we are How good?