Minutes of a Regular Meeting of the
Present at the meeting were Board Members Bill Friedman, Bill Baldwin, Richard Ballon, and Nate Tetlow; Executive Director Sahar, Facilities Manager Quealy, and Solicitor DeLuca.
1) Chairman Friedman called the meeting to order
at
2) Roll call was taken and the above listed Board Members were present.
3)
The minutes of the
4) Mr. Friedman asked if there were any citizen’s comments. There were none.
5) Discussion Items
The Board discussed a letter that had been sent to the Mt. Lebanon Commission from Jaqueline Funt regarding the Authority’s response to issues raised by Mrs. Funt and Barabara Johnsone in February 2006. The Board reviewed a draft letter responding to the status of issues. The Board authorized Mr. Sahar to send the letter to Steve Feller the Municipal Manager.
Mr. Sahar updated the Board on the progress to date on the Policies and Procedures Manual, the Credit Risk Policy, and the Investment Policy.
The Board discussed the financial reserve level of the Authority. Mr. Sahar indicated the reserves remained at the $125,000 level. A certificate of deposit coming due in April would be cashed and put into another interest bearing account.
Mr. Sahar and Mr. Quealy reported that the electrical contractor was continuing to work on an estimate for additional lighting in the Academy Avenue Lot.
They also indicated a firm was being contacted to explore the possibility of erecting an awning, with lighting, over the pay stations.
Mr. Ballon
indicated he had been contacted by a group interested in building a hotel in
6) Adjournment
The meeting was
adjourned at
Respectfully submitted,
Richard D. Sahar
Executive Director