The AHEPAN - Fall 2011 - (Page 24)

housing AHEPA National Housing Holds Annual Meeting By George Anagnostos, PSS hirty-eight Directors of the AHEPA National Housing Corp. met in Fishers, Ind. to conduct the 2011 Annual Meeting of the corporation. A special feature of this year’s meeting was the official dedication of the corporation’s new headquarters building which was held on Friday, April 28. Details and photos were published in the July AHEPAN. The weekend’s agenda began on Thursday with a meeting of the Executive Committee, consisting of seven members and the four corporation officers. Members Mary Verges and Steve Photiades were absent. Chairman and President of ANHC Nick Stratas was present through a special video and audio conferencing hook-up from Mobile, Ala. The first item for discussion was the territorial issue. Chapter 58, Wethersfield, Conn. and Chapter 250 Niantic, Conn. were both requesting to file an application for a project. It was determined after a lengthy discussion that Chapter 58 would file under the corporation’s sponsorship and Chapter 250 would file without sponsorship. The Audit Committee, chaired by John Patramanis, requested that the committee be permitted to meet in the fall when the Executive Committee meets. They also recommended that a new accounting firm conduct the FY2012 audits. CEO Poly reported on the financing of the new headquarters building, utilizing a tax exempt bond. Attorney Carr reported on the status of the Columbia, S.C. 4th building. The local attorneys would file papers after the closing. A discussion of the refinancing of A250I and the problems encountered was held. T The ANHC Directors at the ribbon-cutting of its new office building. The local Board would resolve the problem and make good on any amount due. AMC President Paul Hulse reported on the need to set a policy on chapters using tax credits and refinancing mortgages. The members voted to have ANHC be involved in all tax credits and also the Developer’s Fee for refinancing. Harry Lake, Chair of the Bylaws Committee reported that two amendments are recommended. One is to reduce the number of standing committees and the other to delineate what happens to projects beyond the 40 year period. A motion was made and passed to close the meeting and to open as a committee of the whole. A discussion was held on the conflict of a Board’s election .The result was not to reach a satisfactory decision for both parties but that they would abide by Chairman. Stratas’ decision. The meeting of the Executive Committee was adjourned Following the Dedication Luncheon on Friday, the Annual Meeting of the Board was called to order. Vice President Anagnostos assumed the chair in the physical absence of the Chairman Nick Stratas who was actually present through a conferencing set-up between Mobile and Fishers, Ind. In addition to the officers, there were 30 Directors present. Ten guests and two staff persons were also present. Director Kiriazides conducted an informative session on local Board president’s responsibilities. Due to the expected departure of several members, the agenda was amended to conduct elections this afternoon. In the officer positions, Nick Stratas was re-elected as Chairman/President of ANHC after a challenge by Dennis Kiriazides. Others re-elected were George Anagnostos, vice president; Christy Karthan, secretary; and Angelo Kostarides, treasurer. For the three positions on the Executive Committee, E. P. Mitchell, Steve Photiades and Tony Petros were elected to three-year terms. Director Kiriazides stated the need for a CIO to manage our information technology functions. Director Mary Verges presented the Pioneer Scholarship report. Those receiving the scholarships were named. It was moved to add the name of PSP Sam Nakis to the Pioneer List. The committee was to present a method to formalize the addition to the Pioneer List at the fall meeting. The Friday session was adjourned to meet at 8:00 a.m., Saturday. The Annual Meeting resumed at 8:15 a.m., Saturday. Demetri Damaskos, ANHC Director of Development, reported on the projects in development, those applying for FY2010, those in refinancing stages and possible acquisitions. Continued on following page 24 the ahepan Fall 2011 www.ahepa.org http://www.ahepa.org

Table of Contents for the Digital Edition of The AHEPAN - Fall 2011

The AHEPAN - Fall 2011
Contents
Supreme President’s Message
Daughters of Penelope Message
Sons of Pericles Message
Maids of Athena Message
AHEPA Family News
South Beach Sizzles, The ‘Bleau Dazzles
The Journey Continues… With a Focus on Volunteerism
AHEPA Supports Military Family Reading Program through USO
Education
Housing
Athletics
AHEPA Family Chapter News

The AHEPAN - Fall 2011