1 Municipal Affordable Housing Trust Fund

Municipal Affordable Housing Trust Fund (MAHTF) Meeting Minutes – August 25, 2020

Note: In compliance with the March 12, 2020 Massachusetts Office of the Governor’s Order Suspending Certain Provisions of the Open Meeting Law M.G.L. Chapter 30A, Section 20, this meeting of the MAHTF was live streamed on local broadcast on the WayCAM Government Channel. No in-person attendance of members of the public was permitted. Public comment was available by telephone during the designated time using a call-in number provided in the posted agenda (as revised).

Attendance: Bob Duffy; Brian O'Herlihy; Michael Staiti; and Susan Weinstein participated remotely by video-teleconferencing via Zoom.

Absent: Mary Antes and Jacqueline Espiritusanto-Vega

Others in attendance: Brian Boggia, Executive Director, Wayland Housing Authority (WHA), who participated remotely by video-teleconferencing via Zoom.

Open Meeting: At 4:36 p.m., S. Weinstein called the meeting of the MAHTF to order when a quorum was present, reviewed the revised agenda, and announced the full name of each Trustee who was present. S. Weinstein provided the phone number that was shown in the posted agenda (as revised) for the public to call to offer public comment.

Public Comment: None.

Previous Minutes: March 4, 2020.

Materials Discussed/Distributed: MAHTF financial statements (unaudited) as of March 31, April 30, May 31, June 30 and July 31, 2020; audit engagement letter from MelansonHeath dated April 14, 2020; draft audited financial statements for the years ended June 30, 2020 and 2019; undated letter from Phil and Arlene Martino to the Board of Selectman received by the Town of Wayland (Town) on July 7, 2020; letter dated July 8, 2020 from Brian T. O'Herlihy to the Martinos; 11 Hammond Road statement of revenues, expenses and changes in net position for the lease period June 1, 2019 to May 31, 2020; draft MAHTF annual report to the Community Preservation Committee (CPC); draft MAHTF annual report to the Town; and copy of a Metrowest Daily News article "CPA communities can lead housing assistance during the crisis" published May 2, 2020.

Notes:

1) The Trustees reviewed the draft minutes for the meeting held on March 4, 2020. B. O'Herlihy moved approval of the minutes, as revised. S. Weinstein seconded. Roll call vote: YEA: B. Duffy; B. O’Herlihy; M. Staiti; and S. Weinstein. NAY: none. ABSENT: M. Antes and J. Espiritusanto-Vega. ABSTAIN: none. Approved 4-0. 1

2) B. O'Herlihy provided the report of Treasurer, which included:

a) Review of March, April, May, June, July 2020 unaudited financial statements which had previously been distributed to Trustees. M. Staiti moved approval of the unaudited financial statements as presented. B. Duffy seconded. Roll call vote: YEA: B. Duffy; B. O’Herlihy; M. Staiti; and S. Weinstein. NAY: none. ABSENT: M. Antes and J. Espiritusanto- Vega. ABSTAIN: none. Approved 4-0. b) Discussion regarding engagement of MelansonHeath to audit the MAHTF's financial statements for the fiscal year ended 6/30/2020 at a slight increase in cost. M. Staiti moved to ratify Treasurer's engagement of MelansonHeath to audit MAHTF's financial statements for the fiscal year ended 6/30/2020 B. Duffy seconded. Roll call vote: YEA: B. Duffy; B. O’Herlihy; M. Staiti; and S. Weinstein. NAY: none. ABSENT: M. Antes and J. Espiritusanto-Vega. ABSTAIN: none. Approved 4-0. c) Review of draft audited financial statements for the fiscal years ended 6/30/2020 and 2019. M. Staiti moved approval of the draft audited financial statements for the fiscal years ended 6/30/2020 and 2019. B Duffy seconded. Roll call vote: YEA: B. Duffy; B. O’Herlihy; M. Staiti; and S. Weinstein. NAY: none. ABSENT: M. Antes and J. Espiritusanto- Vega. ABSTAIN: none. Approved 4-0. d) Discussion regarding the renewal of existing property and casualty insurance coverage for 11 Hammond Road effective 9/1/2020. M. Staiti moved to ratify Treasurer's renewal of existing insurance coverage for 11 Hammond Road effective 9/1/2020. B Duffy seconded. Roll call vote: YEA: B. Duffy; B. O’Herlihy; M. Staiti; and S. Weinstein. NAY: none. ABSENT: M. Antes and J. Espiritusanto-Vega. ABSTAIN: none. Approved 4-0. e) Discussion of the reinvestment of the CDs maturing September 17, 2020. B. O’Herlihy recommend roll over into new CDs of no more than twelve months at market rate of interest. M. Staiti moved to authorize the Treasurer, together with the Town’s Treasurer, to reinvest CDs maturing September 17, 2020. B Duffy seconded. Roll call vote: YEA: B. Duffy; B. O’Herlihy; M. Staiti; and S. Weinstein. NAY: none. ABSENT: M. Antes and J. Espiritusanto-Vega. ABSTAIN: none. Approved 4-0. f) B. O’Herlihy reported that he had confirmed with the Town’s insurer that the Trustees remain covered for liability under the Town's public employee insurance coverage.

3) M. Staiti updated the Trustees that the Board of Selectman voted to approve the proposed 40B Local Initiative Program application for the development of an additional 3-bedroom unit at 11 Hammond Road. M. Staiti and B. O'Herlihy will coordinate submission of the application with the Board of Selectmen and Town Administrator’s office.

4) B. O'Herlihy included in the Trustees packet a letter from an abutter to 11 Hammond Road, which stated the abutter's concern and displeasure about the proposed project. 2

5) B. O'Herlihy reviewed the WHA's cash flow from leasing existing house at 11 Hammond Road for the lease period 6/1/2019 to 5/31/2020. The WHA owes the Trust approximately $4,800.00 for expenses the Trust paid on behalf of the WHA pursuant to its long-term lease with the Trust.

6) B. O'Herlihy has received a number of calls from the direct abutters with complaints about 11 Hammond Road. Most complaints are about the lawn being over grown and trash around the property.

7) Reviewed draft annual report to the CPC. M. Staiti moved to approve the report. B Duffy seconded. Roll call vote: YEA: B. Duffy; B. O’Herlihy; M. Staiti; and S. Weinstein. NAY: none. ABSENT: M. Antes and J. Espiritusanto-Vega. ABSTAIN: none. Approved 4-0.

8) Reviewed draft annual report to the Town. M. Staiti moved to approve the report, as revised. B Duffy seconded. Roll call vote: YEA: B. Duffy; B. O’Herlihy; M. Staiti; and S. Weinstein. NAY: none. ABSENT: M. Antes and J. Espiritusanto-Vega. ABSTAIN: none. Approved 4-0.

9) B. O'Herlihy updated the Trustees on potential property acquisitions: 135 Old Connecticut Path: Under contract with a third party Bent Avenue: Owner not interested in selling 81 West Plain: Maybe a 40B opportunity Launcher Way: Nothing new to report

10) B. O'Herlihy discussed potential emergency rental relief grants. CPA money can now be used for rental relief. In addition, the Commonwealth of Massachusetts’ affordable housing trust statute has been amended to allow for rental relief. KP Law to advise the MAHTF as to whether we need to amend the Declaration of Trust to permit the use of Trust funds for this purpose.

11) S. Weinstein will reach out to some attorneys she knows to find a potential Trustee who is a real estate attorney.

12) No date was set for next meeting.

Adjourn: M. Staiti moved to adjourn the meeting at 5:25 pm. B. Duffy seconded. Roll call vote: YEA: B. Duffy; B. O’Herlihy; M. Staiti; and S. Weinstein. NAY: none. ABSENT: M. Antes and J. Espiritusanto-Vega. ABSTAIN: none. Approved 4-0.

Respectfully submitted,

Bob Duffy