09-09-2015 HAMC BOARD MEETING MINUTES.PDF
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Board of Commissioners Denny Barney Andrew Kunasek Steve Chucri Clint L. Hickman Steve Gallardo HOUSING AUTHORITY OF MARICOPA COUNTY FORMAL MEETING MINUTES BOARD OF COMMISSIONERS Wednesday, September 9, 2015 9:00 a.m. Maricopa County Board of Supervisors Auditorium 205 W. Jefferson Phoenix, AZ. 85003 The Board of Commissioners of the Housing Authority of Maricopa County convened in Formal Session at 9:00 AM on Wednesday, September 15, 2015 at the Maricopa County Board of Supervisors Auditorium, 205 W. Jefferson, Phoenix, Arizona with the following members present: Denny Barney, District 1; Steve Chucri, Chairman, District 2; Andrew Kunasek, District 3; Clint Hickman, Vice Chairman, District 4; Steve Gallardo, District 5. Also present: Also present: Tom Manos, County Manager; Michelle Wood, Legal Counsel; Jazminda Ryan, HAMC Management Analyst. BOARD ACTION: H-1. FIRST AMENDMENT-RESOLUTION 15-017 FEDERAL HOME LOAN BANK OF SAN FRABCISCO AFFORDABLE HOUSING PROGRAM DIRECT SUBSIDY AGREEMENT COFFELT-LAMOREAUX PROJECT Adopt this First Amendment to Resolution No. 15-017 and approve the change in Lender from National Bank of Arizona to Raza Development Fund, Inc. for the purpose of entering into the Direct Subsidy Agreement with the Federal Home Loan Bank of San Francisco in the amount of $1, 500,000 effective June 17, 2015, for use in the redevelopment of the Project in accordance with the terms and conditions of the Loan Agreement. HAMC and Gorman & Company, Inc. as Co-Developers intend to revitalize and rehabilitate Coffelt and convert all 301 apartment units from public housing to Section 8 housing utilizing the U.S. Department of Housing and Urban Development’s (“HUD”) Rental Assistance Demonstration. Coffelt will include community service facilities, office spaces and on-site community centers. Coffelt will be developed in an economical and high-quality manner, and compliant with applicable federal, state, and local rules and laws. Coffelt will be affordable to tenant’s whose incomes are 60% or less of area median income. (C-66- 16-001-M-01) Motion to approve Item H-1 by Commissioner Gallardo, seconded by Commissioner Barney Ayes: Chucri, Hickman, Barney, Kunasek, Gallardo 8910 N. 78th Ave | Peoria AZ 85345 | p 602.744.4500 | f 602.744-4550 | tdd 602.744.4540 www.maricopahousing.org ADJOURNMENT There being no further business, meeting was adjourned. Chairman of the Board ATTEST Gloria Munoz, Clerk of the Board