September 14, 2004

A regularly scheduled meeting of Oklahoma Housing Finance Agency’s (“OHFA”) Board of Trustees has been scheduled to be held at 10:30 a.m. on September 15, 2004, at 100 Northwest 63^rd, Will Rogers Room, Oklahoma City, Oklahoma.  The amended agenda for this meeting will be as follows. 

1. Consider a Resolution approving Minutes of the July 14, 2004 meeting of the Board of Trustees.  APPROVED

2. Certification and Award Presentation

3. Consider a Resolution approving the Consolidated Annual Contributions Contracts (“CACCs”) to OHFA by the U.S. Department of Housing and Urban Development (“HUD”), and approving and ratifying the execution of said CACC Contracts, along with any and all additional documents relating to amendments of said contracts, by the Executive Director of OHFA.  APPROVED

4. Consider a Resolution approving OHFA’s Administrative Plan for the U.S. Department of Housing and Urban Development’s (“HUD’s”) Housing Choice Voucher Program, as amended and authorizing and directing the staff of OHFA to submit said Administrative Plan to HUD for Review. APPROVED

5. 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which anyone of the Trustees desires to have discussion about at the meeting, in which case, each item so noted will be withdrawn from the Consent Docket and handled individually in order immediately following the completion of the Consent Docket:  APPROVED

5.1      Consider a Resolution approving form of Request for Proposal (“RFP”) for Underwriter, Trustee Bank, and Master Servicer, for the OHFA 2005 Single Family Mortgage Revenue Bond Program, as a “Related Plan of Financing” and authorizing said RFP’s distribution of a RFP for each service provider. 

5.2      Consider a Resolution authorizing the staff of OHFA to prepare and submit an invitation to bid for a service provider to provide payroll, timekeeping, and human resources computer software for use in the Finance and Human Resources teams of OHFA or in the alternative to provide the programming necessary to integrate the current systems with a timekeeping system. 

5.3      Consider, individually, Resolutions approving the applications of each of the Owners listed on Exhibit 1 for a Final Allocation of Housing Tax Credits; authorizing the Executive Director to execute regulatory (Extended Use) Agreements with each of the Owners approved and providing for filing and reporting of actions taken.  

5.4      Consider a Resolution approving the transfer of the tax credit development known as Elm Terrace Apartments, Duncan, Stephens County, Oklahoma (AHTC No. 92-00-04), subject to certain terms and conditions precedent; authorizing and providing for the execution of documents and agreements related to said transfer. 

5.5      Consider a Resolution approving the transfer of the tax credit development known as Wentwood at Grand Hill (AKA Silvercrest Apartments, Oklahoma City, Oklahoma County, Oklahoma (AHTC No. 99-02-04), subject to certain terms and conditions precedent; authorizing and providing for the execution of documents and agreements related to said transfer.            

6. Consider a Resolution approving the selection of a Financial Advisor for the OHFA 2005 Single Family Mortgage Revenue Bond Program and to provide general financial advisory services. APPROVED

7. Consider a Resolution approving the selection of Legal Services provider for the OHFA 2005 Single Family Mortgage Revenue Bond Program, as a “Related Plan of Financing” subject to certain terms and conditions. APPROVED

8. Consider a Resolution approving the request for Subordination Agreement respecting the AHTC Regulatory Agreements filed as to Green Apartments, located at 2501 Ashton Place, in the City of El Reno, Canadian County, Ashton Place Limited Partnership, Owner, AHTC No. 97-07-54 and Ashbrooke Place Apartments, located at 1902 Knox Road, in the City of Ardmore, Carter County, Ashbrooke Place Limited Partnership, Owner, AHTC No. 98-02-10, subject to certain terms and conditions. APPROVED

9.      Consider, individually, the applications for funding from the State of Oklahoma’s HOME Investment Partnership Program filed by each of the Applicants identified in Exhibit “A”, attached hereto and made a part hereof by reference, and in connection therewith: (a) make such preliminary and/or intermediate rulings as may be necessary and/or appropriate in regard to the conduct of the proceedings; (b) 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, the comments of members of the public present; and (c) at the conclusion of all testimony and evidence, consider individual Resolutions approving, subject to any contingencies, conditions or requirements established by the Trustees, or disapproving the application of each of said Applicants for funding from the State of Oklahoma’s HOME Investment Partnership Program. APPROVED 

10.  Consider a Resolution denying the application of The City of Enid, Oklahoma for a Homeowner Rehabilitation Award under the HOME Investment Partnership Program. APPROVED

11.  Consider a Resolution authorizing and approving the second modification to the terms of the Housing Trust Fund Loan to Chickasha Housing Limited Partnership Housing Trust Fund. APPROVED

 12.  Consider a Resolution approving and authorizing the review of the various Program Rules and Guidelines promulgated by OHFA under the Oklahoma Administrative Procedures Act (“OAPA”) and codified under Title 330 of the Oklahoma Administrative Code; authorizing the Staff of OHFA proceed under the permanent rulemaking provisions of the OAPA with the adoption of any amendments to said rules and guidelines as deemed necessary by the staff. APPROVED

13. Consider a Resolution authorizing the selection of a firm or firms through the Department of Central Services, Central Purchasing, to provide employee short and long term disability and accidental death and dismemberment coverage to the employee and staff of OHFA. APPROVED

14.  Report on Information Systems FY 2005 Technology Plan 

15.  Consider a Resolution approving and implementing an employee Compensation Plan for the employees of Oklahoma Housing Finance Agency.  APPROVED

16.  Consider a Resolution authorizing and approving the OHFA’s fiscal year 2004-2005 Administrative budget. 

17.  Consider a Resolution approving and authorizing a Memorandum of Understanding (“MOU”) between the Oklahoma City Empowerment Zone/Empowerment Community Governance Committee (OCEZEC) and OHFA; approving form of agreement and authorizing execution and delivery of same.  APPROVED

18.  Discussion regarding the streamlining of Board mailings. 

19.  Report on FLOMORE building 

20.  Report on Program Update  

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

FOR THE CHAIRMAN 

Dennis Shockley
Executive Director