Meeting of the Austin Housing Finance Corporation (AHFC) Board of Directors
November 4, 2004

Approved Meeting Minutes

The minutes for the Austin Housing Finance Corporation meeting of November 4, 2004 were approved on Board Member McCrackcn's motion, Board Member Dunkerley's seeond on a 7-0 vote.

  Minutes,  60kb

Agenda Items

Item AHFC001 - November 4, 2004

Approve the minutes of the September 30, 2004 Board meeting of the Austin Housing Finance Corporation.

The minutes for the Austin Housing Finance Corporation meeting of September 30, 2004 were approved on Board Member Alvarez' motion, President Wynn's second on a 6-0 vote. Board Member Slusher was off the dais.

Work Papers and Other Backup Documentation

  20041104-AHFC001, Agenda Backup,  PDF,  83kb

Item AHFC002 - November 4, 2004

Approve a resolution authorizing assignment by Campbell-Hogue & Associates, Inc. to the Corporation of the purchase contract for a 6.087 acre tract of land on the south side of the 1900 block of East Sixth Street (Land); purchase of the Land in an amount not to exceed $1,950,000 plus transfer costs; imposition of various easements, restrictive covenants and license agreements on the Land; execution of a 50-year lease agreement with the Villas on Sixth Housing Associates Limited Partnership, a Texas limited partnership, (Limited Partnership) with annual lease payments not less than $28,131 contingent on construction of a 160-unit multi-family low-income housing tax credit apartment complex on the Land; execution of a fee sharing agreement with CHA Limited Partnership, a Texas limited partnership, to pay the Corporation 25% of any developer fee paid by the Limited Partnership; and execution of an agreement with Villas on Sixth Non-Profit Corporation (General Partner) to provide administrative staff support and asset management services to assist the General Partner with its obligations as the general partner of the Limited Partnership. ($500,000 in funding is available in the Fiscal Year 2004-2005 Austin Housing Finance Corporation Housing Trust Fund, Rental Housing Development Assistance Program budget, and $1,500,000 from the sale of a leasehold estate.)

AHFC Resolution No. 041104-2 was approved on Board Member Alvarez' motion, Board Member Thomas' second on a 7-0 vote.

Executed Resolution

  Resolution No. 20041104-AHFC002,  PDF,  21kb

  Resolution No. 20041104-AHFC002,  PDF,  277kb

Work Papers and Other Backup Documentation

  20041104-AHFC002, Agenda Backup,  PDF,  428kb

Page updated: 7/17/2013
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