September 20, 2005
 

 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 21, 2005, at 100 Northwest 63rd, 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 20, 2005 and August 24, 2005 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. Hurricane Katrina Report
  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which anyone of the Trustees desires to have discussion about at the meeting, in which case, each item so noted will be withdrawn from the Consent Docket and handled individually in order immediately following the completion of the Consent Docket:  APPROVED

5.1      Consider a Resolution approving form of Request for Proposal (“RFP”) for Underwriter, Trustee Bank, Master Servicer and Financial Printer for the OHFA 2006 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, 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.   

5.3      Consider a Resolution approving the substitution of Inola LLC as the general partner of Afton Village Limited Partnership (AHTC No. 04-01-03) owner of the tax credit development known as Afton Village, county of Ottawa, Afton, Oklahoma.

5.4      Consider a Resolution approving First Amendment to Regulatory Agreement Creating Restrictive Covenants for Low-Income Housing Tax Credits respecting certain units in the development known as the Muskogee Affordable Housing 59 Scattered Sites, located in Muskogee, County of Muskogee, Oklahoma and waiving certain special needs requirements pertaining to said development. 

5.5      Consider a Resolution approving First Amendment to Amended and Restated Regulatory Agreement Creating Restrictive Covenants for Low-Income Housing Tax Credits respecting the development known as the Edgewood at the Gables, located in Sand Springs, County of Tulsa, Oklahoma. 

5.6      Consider a Resolution approving and authorizing the execution and filing of a Disclaimer in the case styled:  Bank of America, N.A. v. Clint Sills a/k/a Clint O. Sills and Stacey Sills a/k/a Stacey Ann Sills, District Court of Tulsa County, Case NO. CJ 2005-04464, to allow foreclosure of a Regulatory Agreement Creating Restrictive Covenants for Low-Income Housing Tax Credits burdening property for which a form 8823 was sent to the IRS in 2002. 

5.7      Consider a Resolution approving subject to certain terms and conditions precedent, extending the time in which Delta Community Action Foundation, Inc. must receive an allocation of HOME funds under its previously approved Housing Trust Fund Loan. 

5.8      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. 

  1. Consider a Resolution approving the selection of a Financial Advisor for the OHFA 2006 Single Family Mortgage Revenue Bond Program and to provide general financial advisory services.  APPROVED
  1. Consider a Resolution approving the selection of Legal Services provider for the OHFA 2006 Single Family Mortgage Revenue Bond Program, as a “Related Plan of Financing” subject to certain terms and conditions.  APPROVED
  2. Consider a Resolution approving a Compliance Agreement between OHFA and the Oklahoma County Home Finance Authority and authorizing the Chairman and Secretary to sign and deliver the same.  APPROVED

  3. 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.

  4. Consider individually Resolutions approving the application of the borrowers set forth on Exhibit “B” for loans from the Housing Trust Fund in the maximum amounts set forth on Exhibit “B” and establishing conditions, contingencies and terms thereon. APPROVED

  5. Consider a Resolution authorizing the Executive Director and staff of OHFA in consultation with General Counsel to implement Notice 2005-69 issued by the Internal Revenue service in response to the Devastation caused by Hurricane Katrina, which notice temporarily suspends certain requirements under Section 42 of the Internal Revenue Code.  APPROVED

  6. Report on Information Systems FY 2006 Technology Plan

  7. Consider a Resolution authorizing a five percent adjustment to the maximum levels of the OHFA salary grid.  APPROVED

  8. Consider a Resolution authorizing and approving the OHFA’s fiscal year 2005-2006 Administrative budget.  APPROVED

  9. Consider a Resolution approving severance policy for the position of Executive Director.
    APPROVED

  10. Report on Program Update

  11. Any business not known about or which could not have been reasonably foreseen prior to the time of posting of this Agenda.
    Consider a Resolution authorizing the staff of OHFA in cooperation with Civil Emergency Management to develop and implement a housing initiative to provide housing for the evacuees of the Gulf States.  APPROVED

     

    FOR THE CHAIRMAN

     

    Dennis Shockley

    Executive Director