Agenda — original pdf

Agenda

PUBLIC NOTICE OF A MEETING TAKE NOTICE OF A BOARD OF DIRECTORS ANNUAL BOARD MEETING OF THE AUSTIN AFFORDABLE HOUSING CORPORATION TO BE HELD AT Via Video Conference Call Please join from your computer, tablet or smartphone. https://global.gotomeeting.com/join/320742061 You can also dial in using your phone. United States: +1 (571) 317-3122 Access Code: 320-742-061 Austin, TX (512.477.4488) Thursday, March 25, 2021 12:00 PM 1. 2. 3. 4. 5. CALL TO ORDER, ROLL CALL CERTIFICATION OF QUORUM CONSENT ITEMS Citizens Communication (Note: There will be a three-minute time limitation) Presentation, Discussion, and Possible Action regarding the Approval of the Board Minutes Summary for the Board Meeting held on February 18, 2021 Presentation, Discussion, and Possible Action regarding Resolution No. 00180: Approval to ratify all actions taken by the Board of Directors during FYE 2021, in order to resolve any irregularities which may have occurred regarding a quorum or vote by the Directors as reflected within the approved minutes and resolution ACTION ITEMS Presentation, Discussion and Possible Action on Resolution No. 00177 by the Board of Directors of Austin Affordable Housing Corporation (“AAHC”) authorizing AAHC to execute any and all documents, or take any other action, that is necessary or desirable to participate in the housing tax credit application for Fox Hollow Presentation, Discussion and Possible Action on Resolution No. 00178 by the Board of Directors of Austin Affordable Housing Corporation (“AAHC”) authorizing AAHC to execute any and all documents, or take any other action, that is necessary or desirable to participate in the housing tax credit application for The Clovis at McKinney Falls Presentation, Discussion and Possible Action on Resolution No. 00181 by the Board of Directors of Austin Affordable Housing Corporation (“AAHC”) authorizing AAHC to execute any and all documents, or take any other action, that is necessary or desirable to: (i) facilitate the refinancing of The Pointe at Ben White, which consists of affordable housing units and associated amenities built upon land ground-leased from the Housing Authority of the City of Austin; (ii) cause AAHC’s wholly owned, subsidiary limited liability company, Ben White Development GP, LLC (the “General Partner”) to execute an amendment to the amended and restated agreement of limited partnership of Ben White Development, LP (the “Partnership”) and other related documents; (iii) cause the Partnership to enter into financing for the Project; and (iv) cause AAHC and/or the General Partner and/or the Partnership to execute any such further documentation as necessary or desirable to allow the consummation of the transactions described herein EXECUTIVE SESSION The Board may go into Executive Session (close its meeting to the public) Pursuant to: a. 551.071, Texas Gov't Code, consultations with Attorney regarding legal advice, pending or contemplated litigation; or a settlement offer; b. 551.072, Texas Gov't Code, discussion about the purchase, exchange, lease or value of real property; c. 551.074, Texas Gov't Code, discuss the appointment, employment, evaluation, reassignment, duties, discipline, or dismissal of a public officer or employee; or to hear a complaint or charge against an officer or employee. d. 551.087, Texas Gov't Code, discuss certain economic development negotiations. If there is an Executive Session, the Board will return to Open Session for discussion, consideration and possible action of matters discussed in Executive Session. OPEN SESSION REPORTS The Board accepts the following reports: President's Report Other Staff Reports Commissioners' Reports/Questions to the Department Staff ADJOURNMENT