Townsend Trust votes to request treasurer statement after Haines Road sale

The Townsend Affordable Housing Trust voted on Sept. 24 to request an account statement from the town treasurer to confirm the status of its bank account after the recent sale of the Haines Road parcel.

David Moreland moved that the board approve past minutes and raised the need to confirm the sale proceeds; Veronica Kakel then moved a separate request for a treasurer's statement showing the current status of the Trust account. "I move that we request that the treasurer's office provide us a statement at every meeting of our current funds," Veronica Kakel said. Members discussed ensuring the $500 encroachment payment and settlement interest were recorded. The motion to request the statement passed on roll call.

Trustees also debated whether regular statements should be provided at every meeting to avoid repeated ad hoc requests; after discussion the board approved a standing request for the treasurer's office to provide current account statements at each meeting. Members asked that the HUD settlement or closing statement for the Haines Road sale be reviewed to verify fees, expenses and the net deposit to the Trust account.