Meeting of the Austin Housing Finance Corporation (AHFC) Board of Directors
August 30, 2007

Meeting Agenda

Approved Meeting Minutes

The minutes for the Austin Housing Finance Corporation meeting of August 30, 2007 were approved on the 27th day of September, 2007 on Board Member McCracken's motion, Council Member Kim's second on a 5-0 vote. Vice President Dunkerley's was absent. Board Member Cole was off the dais.

AHFC Minutes, 66kb

Agenda Items

Item AHFC001 - August 30, 2007

Approve the minutes of the August 9, 2007 Board meeting of the Austin Housing Finance Corporation.

The minutes for the Austin Housing Finance Corporation meeting of August 9, 2007 were approved on Board Member McCracken's motion, Vice President Dunkerley's second on a 7-0 vote.

Work Papers and Other Backup Documentation

20070830-AHFC001, Agenda Backup, PDF, 40kb

Item AHFC002 - August 30, 2007

Approve the Amendment of the Articles of Incorporation of Arbors at Creekside Non-Profit Corporation for the purpose of decreasing the number of Directors on the Board of Directors from five to three directors, each serving concurrent four year terms.

Resolution No. 20070830-AHFC002 was approved on Vice President Dunkerley's motion, Board Member McCracken's second on a 7-0 vote.

Executed Resolution

Resolution No. 20070830-AHFC002, PDF, 14kb

Work Papers and Other Backup Documentation

20070830-AHFC002, Agenda Backup Part 1 of 3, PDF, 34kb

20070830-AHFC002, Agenda Backup Part 2 of 3, PDF, 133kb

20070830-AHFC002, Agenda Late Backup Part 3 of 3, PDF, 41kb

Item AHFC003 - August 30, 2007

Appoint Kristen Vassallo as President, Paul Hilgers, Kristen Vassallo and Kelly E. Weiss as Directors on the Board of Directors for Arbors at Creekside Non-Profit Corporation, Austin Inner-City Redevelopment Corporation and Villas on Sixth Non-Profit Corporation, for concurrent terms, all which will expire on August 30, 2011.

Resolution No. 20070830-AHFC003 was approved on Board Member Leffingwell's motion, Board Member Kim's second on a 7-0 vote.

Executed Resolution

Resolution No. 20070830-AHFC003, PDF, 18kb

Work Papers and Other Backup Documentation

20070830-AHFC003, Agenda Backup, PDF, 27kb

20070830-AHFC003, Agenda Late Backup, PDF, 43kb

Item AHFC004 - August 30, 2007

Conduct a public hearing to receive public input; consider a resolution authorizing the issuance of one or more series of Austin Housing Finance Corporation private activity volume cap Multifamily Housing Revenue Bonds (Runnymede Apartments Project) Series 2007, in an amount not to exceed $12,000,000; and consider authorizing negotiation, execution and delivery of a trust indenture, a loan agreement, a regulatory agreement, a bond purchase agreement, and other documents required to finance the acquisition and rehabilitation of the Runnymede Apartments at 1101 Rutland Drive, Austin, TX, to be owned and operated by SAAHC Runnymede Apartments LP, or other affiliates of SAN ANTONIO ALTERNATIVE HOUSING CORPORATION, a Texas non-profit housing developer.

The public hearing was closed and Resolution No. 20070830-AHFC004 was approved on Vice President Dunkerley's motion, Board Member Leffingwell's second on a 7-0 vote.