Agenda — original pdf

Agenda

Agenda Header Edits 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 HACA Central Office, 1124 S. Interstate Highway 35 Austin, TX (512.477.4488) Thursday, March 24, 2022 12:00 PM CALL TO ORDER, ROLL CALL CERTIFICATION OF QUORUM CONSENT AGENDA Public Communication (Note: There will be a three-minute time limitation) Items on the Consent Agenda may be removed at the request of any Commissioner and considered at another appropriate time on this agenda. Placement on the Consent Agenda does not limit the possibility of any presentation, discussion, or action at this meeting. Under no circumstances does the Consent Agenda alter any requirements under Chapter 551 of the Texas Government Code, Texas Open Meetings Act. CONSENT ITEMS Presentation, Discussion, and Possible Action regarding the Approval of the Board Minutes Summary for the Board Meeting held on February 17, 2022 Presentation, Discussion, and Possible Action regarding Resolution No. 00199: Approval to ratify all actions taken by the Board of Directors during FYE 2022, in order to resolve any irregularities which may have occurred regarding a quorum or vote by the Commissioners as reflected within the approved minutes and resolution ACTION ITEMS Presentation, discussion and possible action on Resolution No. 00200 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) cause AAHC’s subsidiary limited liability company, AAHC-CDT Center Ridge, LLC (the “Owner”), to obtain supplemental financing for the Center Ridge Apartments (the “Development”), which consists of multifamily housing units and associated amenities in Austin, Texas ground-leased from the Housing Authority of the City of Austin; and (ii) cause AAHC and/or the Owner execute any such further documentation as necessary or desirable to allow the consummation of the transactions described herein Presentation, discussion and possible action on Resolution No. 00201 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) cause AAHC’s subsidiary limited liability company, AAHC-CDT Tech Ridge, LLC (the 1. 2. 3. 4. 5. “Owner”), to obtain supplemental financing for the Tech Ridge Apartments (the “Development”), which consists of multifamily housing units and associated amenities in Austin, Texas ground-leased from the Housing Authority of the City of Austin; and (ii) cause AAHC and/or the Owner execute any such further documentation as necessary or desirable to allow the consummation of the transactions described herein Presentation, Discussion, and Possible Action regarding Resolution No. 00202: A Resolution 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 Lucent Apartments (the “Development”), which consists of multifamily housing units and associated amenities in Austin, Texas ground-leased from the Housing Authority of the City of Austin; (ii) cause AAHC’s subsidiary limited liability company, Lucent Apartments, LLC (the “Owner”), to enter into permanent financing for the Development; and (iii) cause AAHC and/or the Owner 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