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November 9, 2005
A Regularly Scheduled Quarterly Meeting of Oklahoma Housing Finance Agency’s (“OHFA”) Board of Trustees has been scheduled to be held at 10:30 a.m. on November 16, 2005, at 100 Northwest 63rd, Will Rogers Room, Oklahoma City, Oklahoma. The agenda for this meeting will be as follows:
5.1 Consider approval of a Resolution establishing the date, time, and place of OHFA’s regularly scheduled meetings (including quarterly meetings) for calendar year 2006, and authorizing the filing of the date, time, and place with the Secretary of State, as required by December 15, 2005. 5.2 Consider approval of a Resolution renewing and continuing the contract for legal services with the firm of Lawrence & Eason, a Professional Association, Oklahoma City, Oklahoma, to provide legal advice and representation as general counsel to the trustees of Oklahoma Housing Finance Agency, and fixing their duties and compensation. 5.3 Consider a Resolution amending the OHFA Flexible Spending Plan in order to update the plan documents for changes in federal laws. 5.4 Consider a Resolution approving the renewal and extension of contracts with service providers for OHFA’s Housing Opportunities for Persons with AIDS (“HOPWA”) Program through calendar year 2005. 5.5 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. 5.6 Consider a Resolution approving and authorizing First Amendment to Regulatory Agreement Creating Restrictive Covenants For Low-Income Housing Tax Credits entered into by and between Oklahoma Housing Finance Agency and Autumn Ridge, LP, an Oklahoma limited partnership, [OHFA AHTC No. 02-07-28] to correct administrative errors.
5.7
Consider a Resolution authorizing the execution of releases of the Bond
Regulatory Agreements pertaining to the following apartment projects
originally financed with the proceeds of the OHFA Multifamily Rental
Housing Revenue Bond (FNMA Guaranteed Mortgage Certificate Program)
First 1984 Series:
Willowpark, Comanche County, Oklahoma; Winchester Run (Springfield),
Oklahoma County, Oklahoma; Country Creek
(Brookwood IV), Cleveland County, Oklahoma and Woodrun Village,
Canadian County, Oklahoma, subject to certain specified contingencies.
9. Consider a Resolution selecting and approving Trustee Bank for the OHFA 2006 Single Family Mortgage Revenue Bond Program, as a “Related Plan of Financing;” selecting and approving a first alternate and establishing certain conditions and terms of approval. APPROVED
10.
Consider approval of a Resolution authorizing and approving the
development of the 2006 Single Family Mortgage Revenue Bond and Mortgage
Program in the aggregate approximate amount of $220,000,000 as a part of
Oklahoma Housing Finance Agency’s 2006 Single Family Program, for later
final approval by the Oklahoma Housing Finance Agency Board of Trustees;
directing staff to develop proposed program terms; authorizing staff and
OHFA officers to seek 2006 allocations of “New Money” from the State’s
Volume Cap to be included in said Program; authorizing submission of
applications to the State Bond Advisor and the Council of Bond
Oversight; authorizing public hearings; and authorizing staff and OHFA
officers to take such other preliminary actions as may be necessary or
desirable for the development of the 2006 Single Family Mortgage Revenue
Bond and the related Mortgage Loan Program. 11. Consider approval of a Resolution authorizing OHFA’s Single Family Mortgage Revenue Bonds (Homeownership Loan Program) 2006 Series A (the “2006A 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 12. Consider the application of Native American Housing Service, Inc. (“Applicant”) for funding from the State of Oklahoma’s HOME Investment Partnership Program (the “Application”) 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 Applicant and its representatives; and (c) at the conclusion of all testimony and evidence, consider a Resolution approving, subject to any contingencies, conditions or requirements established by the Trustees, or disapproving the Application. DENIED 13. 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. APPROVED
17. Consider a Resolution authorizing the staff of OHFA to purchase Payroll, Human Resources and Timekeeping computer software for use in the Finance and Human Resources Teams of OHFA in order to integrate the current software systems with a timekeeping system. APPROVED 18. Consider a Resolution authorizing the commencement of litigation to collect an account due from Michael Gipson d/b/a/ G1 Specialties Printing. APPROVED 18. Report on Program Update 19. 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 |
