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June 11,2002 <br /> <br />The Authority considered adoption of a Resolution approving the operating <br /> <br />budget for fiscal year 2003 for Section 8 Moderate Rehabilitation and Housing-Choice <br /> <br />Voucher Programs. Vice Chairman Teague moved to adopt the following Resolution; <br /> <br />the motion was duly seconded and carried by the following roll call vote, with all <br /> <br />members voting: Vote 5 - 0; Yeas (5) - Crabtree, Dallas, Ferrill, Roop, Teague; Nays <br /> <br />(0) - None: <br /> <br />WHEREAS, the operating Budget for Fiscal year July 1, 2002 <br />through June 30, 2003 for Section 8 Moderate Rehabilitation <br />Project VA045MR0001 has been reviewed by the Members of the <br />Martinsville Redevelopment and Housing Authority; and <br />WHEREAS, THE operating Budget for Fiscal Year July 1, 2002 <br />through June 30, 2003 for section 8 Housing - Choice Vouchers <br />has been reviewed by the Members of the Martinsville <br />Redevelopment and Housing Authority; and <br /> (a)The proposed expenditures are necessary in the efficient <br /> and economical operation of the Housing Authority for the <br /> purpose of serving Iow - income families. <br /> (b) The financial plan is reasonable in that it indicates a source <br /> of funding adequate to cover all proposed expenditures. <br /> (c) All proposed changes and expenditures will be consistent <br /> with provisions of law and the Annual Contributions Contract; <br /> now, therefore <br />BE IT RESOLVED by the Martinsville Redevelopment and Housing <br />Authority, in regular session assembled on June 11, 2002, that it <br />does hereby approve the Operating Budgets for Fiscal year July 1, <br />2002 through June 30, 2003 for Section 8 Moderate Rehabilitation <br />Project VA045MR0001 and Housing ~ Choice Vouchers. <br /> <br />There being no further business to come before the Authority during their regular <br /> <br />meeting, upon motion by Authority Member Ferrill, duly seconded, by unanimous vote, <br /> <br />Chairman Crabtree declared the meeting adjourned. <br /> <br />At the conclusion of this Closed Session, each member of Council certified that <br /> <br />(1) only public business matters exempt from open meeting requirements were <br /> <br />discussed in said Closed Session; and (2) only those business matters identified in the <br /> <br /> <br />