May 13, 2003

 A meeting of Oklahoma Housing Finance Agency’s (“OHFA”) Board of Trustees has been scheduled to be held at 10:30 a.m. on May 14, 2003 at 100 Northwest 63rd, Will Rogers Room, 2nd floor, Oklahoma City, Oklahoma.  The amended agenda for this meeting will be as follows:

  1. Consider a Resolution approving Minutes of the March 12, 2003 meeting of the Board of Trustees. APPROVED
     
  1. Certification and award presentation.
     
  1. 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
     
  1. 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
     
  1. Consider a Resolution authorizing executive director and staff of OHFA to formally close the Section 8 tenant assistance waiting list and directing notice of same be posted on the OHFA website.  APPROVED
     
  1. 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which anyone of the Trustees desires to have discussion about at the meeting, in which case, each item so noted will be withdrawn from the Consent Docket and handled individually in order immediately following the completion of the Consent Docket:

6.1    Consider a Resolution authorizing and approving the extension of the term of the contract with Murell, Hall, McIntosh & Co., PLLP, Certified Public Accountants, Norman, 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

6.2    Consider a Resolution approving Third Amendment To Lease with Monte R. Lee and Company and authorizing the executive director of OHFA to execute said third amendment to lease on behalf of OHFA.   APPROVED

6.3    Consider a Resolution approving Second Amendment To Lease with Add On Systems, Inc. and authorizing the executive director of OHFA to execute said second amendment to lease on behalf of OHFA.   APPROVED

6.4    Consider a Resolution authorizing and directing the execution of additional service agreements for OHFA bank accounts; ratifying and approving certain previously executed service agreements. APPROVED

6.5    Consider a Resolution authorizing and directing the staff of OHFA to finalize and submit to the department of Central Services, Central Purchasing an Invitation to Bid (“ITB”) for service providers to implement the Housing Opportunities for People with Aids (“HOPWA”) Program.    APPROVED 

6.6    Consider a Resolution approving the renewal of Worker’s Compensation insurance coverage through CompSource Oklahoma.    APPROVED 

6.7    Consider a Resolution approving and accepting the return of tax credits by Sayre Housing Limited Partnership, an Oklahoma limited partnership, owner of the proposed AHTC development known as Aspen Ridge Apartments, Sayre, Beckham County, Oklahoma (OHFA No. 00-02-22).  APPROVED 

6.8    Consider a Resolution approving and accepting the return of tax credits by Bishop Manor Limited Partnership, an Oklahoma limited partnership, owner of the proposed AHTC development known as Bishop Manor Apartments, Lawton, Comanche County, Oklahoma (OHFA No. 01-07-17). APPROVED 

6.9    Consider, individually, Resolutions substituting Cherokee Affordable Housing, Inc., an Oklahoma not for profit corporation as the general partner of the following tax credit developments:  Jay Senior Housing, L.P., owner of the development known as Jay Senior Housing, Jay, Delaware County [OHFA #01-02-01]; Stilwell Senior Housing Limited Partnership, owner of the development known as Stilwell Senior Housing, Stilwell, Adair, County [OHFA #01-07-13]; Wisdom Keepers Limited Partnership, owner of the development known as Wisdom Keepers, Tahlequah, Cherokee County [OHFA #02-07-17; Northview Estates-Vian, Limited Partnership, owner of the development known as Northview Estates, Vian, Sequoyah County [OHFA #02-07-16]; and Clearwater Estates Limited Partnership, owner of the proposed development Clearwater Estates, Stilwell, Adair County [OHFA #03-02-02]. APPROVED 

6.10  Consider, individually the substitution of the general partner of each of the following owners of tax credit developments:  Branchtree Partners Limited Partnership owner of the development known as Wentwood at MacArthur (f/k/a/ Branchtree Apartments), Oklahoma City, [OHFA No. 96-08-21]; Monterrey Associates, L.P., owner of the development known as Wentwood at Meridian (f/k/a/ Monterrey Apartments), Oklahoma City, [OHFA No. 97-07-53] Silvercrest Apartments Associates Limited Partnership, owner of the development known as Wentwood at Grand Hill (f/k/a Silvercrest Apartments f/k/a Del Mar Landing), Oklahoma City, Oklahoma [OHFA No., 99-02-04].  APPROVED 

6.11   Consider a Resolution approving the transfer and sale of the tax credit development known as Pine Manor Apartment, Enid, Oklahoma (OHFA No. 93-06-09), subject to certain terms and conditions. APPROVED 

6.12   Consider a Resolution approving and authorizing the release of the Regulatory Agreement for Low-Income Housing Tax Credits Creating Restrictive Covenants burdening certain tax credit properties. APPROVED 

  1. Consider approval of a Resolution relating to OHFA’s Single Family Mortgage Revenue Bonds (Homeownership Loan Program) 2003 Series A (The “2003A Bonds”); authorizing use of OHFA funds; and ratifying and authorizing OHFA officers, staff and advisors to take certain actions with respect thereto.    APPROVED 
     
  1. Consider approval of a Resolution authorizing OHFA’s Single Family Mortgage Revenue Bonds (Homeownership Loan Program) 2003 Series B (The “2003B Bonds”) consisting of one series or two or more subseries; waiving competitive bidding for the sale thereof; authorizing the various documents relating to such bonds; approving the distribution of the Preliminary Official Statement; setting parameters for the price and interest rates for such bonds; proving for the current refunding of OHFA’s 1992 Series B Bonds and for the funding of loans on newly constructed residences and down payment assistance and other purposes; authorizing use of OHFA funds; designating a trustee, registrar and paying agent; designating a book-running co-senior manager; establishing purchase price limits for homes financed under the program; and authorizing OHFA officers, staff and advisors to take certain actions with respect thereto. APPROVED 
      
  1. Consider a Resolution approving, contingent upon satisfaction of certain terms and conditions of OHFA, the application of funding under the Fiscal Year 2002 HOME Investment Partnerships Program filed by Native American Housing Services, Tecumseh, Oklahoma in the amount of $ 1,080,000.    APPROVED 
     
  1. Consider, individually, Resolutions approving the Applications for funding under the Fiscal Year 2002 HOME Investment Partnerships Program filed by each of the Applicants identified on Exhibit “A”, attached hereto and made a part hereof by reference.   APPROVED 
     
  1. Consider and conduct individual proceedings [pursuant to, and in accordance with, Article II of the Oklahoma Administrative Procedures Act, the Internal Revenue Code of 1986, as amended, and the rules and regulations promulgated thereunder and OHFA’s Chapter 36 Affordable Housing Tax Credit Program Rules], to consider the application for a Reservation and Allocation of a portion of the State of Oklahoma’s 2003 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) make such preliminary and/or intermediate rulings as may be necessary and/or appropriate in regard to the conduct of said proceedings, including reassignment of Reservation Cycle One funds among the various set-asides and/or binding forward commitments to reserve Credits from 2003 Reservation Cycle Two to certain Applicants; (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 Resolutions approving, subject to any contingencies, conditions or requirements established by the Trustees, or disapproving the Applications of each of said Owners/Applicants for a Reservation and Carryover Allocation of a portion of the State of Oklahoma’s 2003 Tax Credit Authority and providing for execution of a Carryover Allocation Agreement.
     
  1. Consider a Resolution authorizing the staff of OHFA to prepare and submit an Invitation to Bid for a service provider to provide computer software for use by the Finance Team relating to the Single Family Mortgage Revenue Bond Program administered by OHFA; review the bids; purchase within limits; and report to the OHFA Board of Trustees at a future meeting. APPROVED 
     
  1. Report on D&0 insurance
     
  1. Report on HUD’s 2001 HOME Program and Financial Monitoring Letters
     
  1. Report on 2nd Quarter Budget
     
  1. Report on Program Update
     
  1. 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., Sections 301, et seq. 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; APPROVED 

            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.