May 12, 2004

 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 19, 2004 at 100 Northwest 63rd, Will Rogers Room, 2nd floor, Oklahoma City, Oklahoma.  The agenda for this meeting will be as follows:

  1. Announcement of the reappointment of Richard Lillard as Chairman of OHFA to serve a term ending May 1, 2009.
  2. Announcement of the reappointment of Bertha Lacy as a Resident Board Member of OHFA, to serve a term ending May 1, 2005.
  3. Consider a Resolution approving Minutes of the March 10, 2004 meeting of the Board of Trustees. 
  4. Certification and award presentation.
  5. Family Self Sufficiency presentation
  6. 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
  7. Consider a Resolution approving the adjusted Housing Choice Voucher (Section 8) Tenant Utility Allowance schedule and authorizing and directing the staff of OHFA to submit same to the U.S. Department of Housing and Urban Development (“HUD”) in accordance with federal regulations governing HUD’s Housing Choice Voucher Program. APPROVED
  8. Update and report on background checks and other tenant screening made pursuant to the Final Rule [24 CFR Part 5 et al, Screening and Eviction for Drug Abuse and Other Criminal Activity, Docket No. FR-4495-F-02, Federal Register Vol. 66, No. 101, beginning on page 28776].
  9. Election of Officers
  10. Consider a Resolution authorizing and directing the preparation of new facsimile signature plates bearing the signatures of the Chairman and Treasurer of this Board of Trustees; ratifying and authorizing certain uses of the facsimile signature plates bearing the signatures of Richard Lillard and Steve Ganzkow and authorizing the continued limited use of said facsimile signature plates. PASSED
  11. 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which anyone of the Trustees desires to have discussion about at the meeting, in which case, each item so noted will be withdrawn from the Consent Docket and handled individually in order immediately following the completion of the Consent Docket: APPROVED

11.1  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.  

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

11.3  Consider a Resolution approving contract with Russ Roach for Services as Legislative Liaison for OHFA.

11.4  Consider a Resolution authorizing and approving OHFA’s continued membership in the National Council of State Housing Agencies and authorizing payment of membership dues for the period July 1, 2004 through June 30, 2005.

11.5  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.

 

  1. Consider approval of a Resolution authorizing OHFA’s Single Family Mortgage Revenue Bonds (Homeownership Loan Program) 2004 Series B (The “2004B Bonds”) consisting of one or more 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; providing 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
  2. Consider a Resolution granting approval for preliminary evaluation of a program to refinance Section 202 Senior Housing Projects; authorizing development of program by the staff; authorizing additional Requests for Proposals; and authorizing OHFA officers, staff and advisors to take certain actions with respect thereto. APPROVED
  3. Consider a Resolution approving form of Requests for Proposal (“RFPs”) for Corporate Trust Services, Managing Underwriter, Legal Services and Financial Advisor relating to issuance of Mortgage Revenue Bonds for OHFA’s 2004 Multifamily Mortgage Revenue Bond Program, a “Related Program of Financing.”  APPROVED
  4. Consider a Resolution authorizing the Staff of OHFA to respond to the Notice of Funding Availability for Fiscal Year 2004, Rural Housing and Economic Development Program for the purpose of securing grant funds to support, in whole or in part, a Statewide Needs Assessment Plan; authorizing certain additional actions to secure funding, as necessary, for said Needs Assessment Plan. APPROVED
  5. 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 (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. 
  6. 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 2004 Tax Credit Authority filed by each of the Owner/Applicants identified in Exhibit “2”, 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 2004 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 2004 Tax Credit Authority and providing for execution of a Carryover Allocation Agreement. 
  1. Consider a Resolution denying the application for a loan from the Oklahoma Housing Trust Fund filed by One Red Oak, L.L.C. for a proposed residential housing project known as the “Villas at Towne North,” to be located in Tecumseh, Pottawatomie County, Oklahoma.    APPROVED
  2. Consider a Resolution approving the application of Sayre Industrial Authority-Aspen Ridge L.L.C., Sayre, Oklahoma for a direct construction loan under the Oklahoma Housing Trust Fund Program in a maximum loan amount of $500,000 for eight multifamily units to be located at 2200 North Electra, Beckham County, Oklahoma; establishing conditions, contingencies and terms thereon. APPROVED
  3. Consider a Resolution authorizing and approving modifications to the terms of the Housing Trust Fund Loan to Chickasha Housing Limited Partnership, an Oklahoma Limited Partnership (“Chickasha Housing”) previously approved; establishing an extension of the maturity date for $200,000.00 of the Housing Trust Fund loan with the remaining balance maintaining it’s existing terms and conditions.APPROVED
  4. Consider a Resolution authorizing and approving OHFA’s participation in the Oklahoma Rural and Affordable Housing Linked Deposit Act as the certifying agency for said Linked Deposit Act. APPROVED
  5. Consider a Resolution authorizing the Chairman, Secretary and Executive Director to commence negotiations for the acquisition of the Flomore Building adjacent to Oklahoma Housing Finance Agency’s (OHFA) administrative offices and directing that the Executive Director report to the Trustees for any final action in connection therewith. APPROVED
  6. Report on Salary Survey and Compensation update
  7. Report on 2nd Quarter Budget
  8. Report on Solving the Housing Puzzle Conference
  9. Report on Oklahoma Quality Award Application
  10. Report on Program Update
  11. 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;

            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.

29.    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