May 22, 2001

A Quarterly meeting of Oklahoma Housing Finance Agency’s (“OHFA”) Board of Trustees has been scheduled to be held at 10:00 a.m. on May 23, 2001, at 1140 Northwest 63rd, Room 403, Oklahoma City, Oklahoma.  The amended agenda for this meeting will be as follows:

1.  Consider a Resolution approving Minutes of the April 27, 2001 meeting of the Board of Trustees. APPROVED

2.  Certification and award presentation

3.  Consent Docket - The following items of business may be voted upon by a single vote of the Trustees without discussion, unless and except for any item which anyone of the Trustees desires to have discussion about at the meeting, in which case, each item so noted will be withdrawn from the Consent Docket and handled individually in order immediately following the completion of the Consent Docket:

3.1   Consider approval of a Resolution authorizing OHFA staff to renew and extend the term of service for a one year period with Dobbs, Ram & Company for services in connection with the calculation and reporting of rebates, if any, pertaining to certain of OHFA’s Tax-Exempt Mortgage Revenue Bond Issues. APPROVED 

3.2 Consider approval of a Resolution authorizing and approving the extension of the term of the contract with Murrell, Hall, McIntosh & Co., PLLP, Certified Public Accountants, Oklahoma City, Oklahoma as OHFA’s independent Certified Public Accountants for a period of one year; fixing compensation thereunder and authorizing the executive director to execute a related engagement letter on behalf of OHFA and its Board of Trustees. APPROVED

 3.3 Consider a Resolution approving the renewal of the Public Officials/Employees Liability and Employment Related Practices Liability Insurance. APPROVED

 3.4 Consider a Resolution approving extension of office lease agreement with ESTRO, Incorporated (“ESTRO”) and authorizing the Executive Director of OHFA to execute said extension agreement with ESTRO respecting OHFA’s current office space in Glenbrook Centre West Office Building (a total of 18,089 net usable square feet), at a rate of $11.25 per net usable square foot, for a one year term commencing July 1, 2001, and ending June 30, 2002, with a thirty day right of termination after review and approval of the extension agreement by the Department of Central Services, Central Purchasing. APPROVED

 3.5 Consider a Resolution approving OHFA’s continued membership in the National Council of State Housing Agencies and authorizing the payment of membership dues therefore for the period of July 1, 2001 through June 30, 2002 in the amount of $22,885.00. APPROVED

 3.6 Consider approval of a Resolution authorizing OHFA staff to draft and submit to the Department of Central Services, Central Purchasing an Invitation to Bid (“ITB”) for the purchase or acquisition of employee group health insurance. APPROVED

 3.7 Consider individually Resolutions approving, subject to certain conditions, the admission of Domicile Property Management, Inc., or an affiliated entity, as an additional general partner of Sayre Housing Limited Partnership, the owner of the tax credit development known as Aspen Ridge Apartments, Sayre, Oklahoma and of Chickasha Housing Limited Partnership, the owner of the tax credit development known as Autumn Brooke Apartments, Chickasha, Oklahoma. APPROVED

  3.8 Consider individually, Resolutions approving, subject to certain conditions, a final allocation of tax credits for Northfork Village, Limited Partnership (LIHTC No. 00-02-09), Owner of the tax credit development known as Northfork Village Apartments, Blair, Oklahoma in the Amount of $14,929 and Rush Creek Village, Limited Partnership (LIHTC No. 00-02-10), Owner of the tax credit development known as Rush Creek Village, Rush Springs, Oklahoma in the amount of $26,873 and authorizing and providing for Regulatory Agreements and IRS Form 8609. APPROVED

4.  Consider approval of a Resolution authorizing OHFA’s Single Family Mortgage Revenue Bonds (Homeownership Loan Program) 2001 Series B; authorizing the preparation of various documents relating to such bonds; approving the preparation of a Preliminary Official Statement; authorizing development of program documents; authorizing Requests for Proposals, if necessary; waiving competitive bidding; and authorizing OHFA officers, staff and advisors to take certain actions with respect thereto. APPROVED

 5.  Consider individually, Resolutions approving the Applicants (contractors and projects) described on Exhibit A under the caption “2000 HOME Applications Recommended for Approval” for funding under the HOME Investment Partnerships Program/Fiscal Year 2000 (CHDO Operating) and authorizing contracts with said Applicants. APPROVED

 6.  Consider a Resolution approving or denying the Applicant (contractor and project) described on Exhibit A under the caption “2000 HOME Applications Recommended for Denial” for funding under the HOME Investment Partnerships Program/Fiscal Year 2000 (CHDO Projects). APPROVED, Based on Contingent Requirements

7.  Consider individually, the Applications of the Applicants (contractors and projects) described on Exhibit B for funding (or denial of funding) under the Fiscal Year 2000 HOME Investment Partnerships Program [Owner Occupied Rehabilitation] and authorizing contracts with the Applicants approved for funding. APPROVED

 8.  Consider a Resolution approving the application for funding under the Oklahoma Housing Trust Fund Program filed by Community Action Project of Tulsa County (“Owner”), for a rehab development consisting of a single-family residential rental property located in Tulsa County, Oklahoma and authorizing contracts and other written agreements between and among OHFA, Owner and others, as necessary to effect said funding. APPROVED

 9.  Consider a Resolution approving and accepting the return of tax credits by Terrace Housing Partners, L.P., an Oklahoma limited partnership, owner of the development known as Turning Leaf Apartments, Okmulgee County, Oklahoma (OHFA No. 97-07-46) and approving the release of the Regulatory Agreement (Extended Use Period) filed of record in Okmulgee County creating restrictive covenants. APPROVED

 10. Consider and conduct individual proceedings [pursuant to, and in accordance with, Article II of the Oklahoma Administrative Procedures Act, 75 O.S., Sections 250 et seq. (The “OAPA”) and the Internal Revenue Code of 1986, as amended, and the rules and regulations promulgated thereunder (the “Code”) and OHFA’s Chapter 36 Affordable  Housing Tax Credit Program Rules], to consider the application for a Reservation of a portion of the State of Oklahoma’s 2001 Tax Credit Authority filed by each of the Owner/Applicants identified in Exhibit “1,” attached hereto and made a part hereof by reference, and in connection therewith:

     (a) to make such preliminary and/or intermediate rulings as may be necessary and/or appropriate in regard to the conduct of said proceedings, including referrals to an Administrative Hearing Officer, reassignment of Reservation Cycle One funds among the various set-asides, an increase in the amount of Credits available for reservation to 2001 Reservation Cycle One Applicants and/or a binding forward commitment to reserve Credits from 2001 Reservation Cycle Two to certain Applicants;

    (b) to receive and hear the reports and recommendations of the Staff of OHFA, the evidence and arguments of the Applicants and their representatives and, pursuant to the Oklahoma Open Meeting Act, 25 O.S., Sections 301 et seq., the comments of members of the public present; and

    (c) at the conclusion of all testimony and evidence, consider Resolutions approving, subject to any conditions or requirements of the Trustees, or disapproving the Applications of each of said Owners/Applicants for a Reservation of a portion of the State of Oklahoma’s 2001 Tax Credit Authority.

11.  Consider a Resolution authorizing the preparation and submission of a request to the Oklahoma Attorney General for an opinion concerning whether certain Oklahoma Statutes which purport to restrict corporate trust activities within the State of Oklahoma to banking institutions having a presence within the State of Oklahoma are preempted by the provisions of the National Bank Act of 1933, as amended. PASS

12.  Consider approval of a Resolution amending the cost to build-out the office space at One Broadway Center for use by OHFA as its administrative offices; and authorizing the Executive Director to negotiate and finalize an amendment to the real estate sale agreement. APPROVED

13.  Consider a Resolution approving amendments to OHFA’s fiscal year 2000/2001 Administrative Budget to provide for capital expenditures. APPROVED

 14.  Report on 2nd Quarter Budget

 15.  Report on Habitat for Humanity

 16.  Report on Program Update

 17.  Consider approval of Resolutions

    a) authorizing an Executive Session of the Trustees of Oklahoma Housing Finance Agency (“OHFA”), pursuant to Section 307.B.1 of the Oklahoma Open Meeting Act (25 O.S., Section 307.B.1), in regard to personnel matters for the purpose of reviewing the job performance of the Executive Director of OHFA and engaging in discussions pertaining to the duties, terms of employment, compensation and employment benefits of the Executive Director of OHFA;

    b) after the conclusion of the Executive Session, authorizing the reconvening of the Open Meeting of the Board of Trustees of OHFA; and

    c) approving or disapproving a resolution pertaining to modification in the duties terms of employment, compensation and/or employment benefits of the Executive Director of OHFA as the Board of Trustees of OHFA may deem appropriate.

18.  Any business not known about or which could not have been reasonably foreseen prior to the time of posting of this Agenda.

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