City of Austin Housing Finance Corporation Board of Directors met Sept. 30.
Here are the minutes provided by the board:
The Board of Directors of the Austin Housing Finance Corporation (AHFC) was convened in Council Chambers at City Hall, 301 W. Second Street, Austin, TX 78701 and via videoconference. The following were the AHFC items considered by the Austin Housing Finance Corporation’s Board of Directors.
Vice President Harper-Madison called the meeting to order at 2:17 p.m. President Adler appeared via videoconference.
CONSENT AGENDA
AHFC1. Approve the meeting minutes of the August 11, 2021, August 26, 2021, and September 2, 2021 board meetings of the Austin Housing Finance Corporation.
The motion to approve the meeting minutes of the August 11, 2021, August 26, 2021 and September 2, 2021 board meetings was approved on consent Director Renteria’s motion, Director Ellis’ second on a 10-0 vote. Director Casar was off the dais.
AHFC2. Approve a resolution authorizing the formation of AHFC Cairn Point Non-Profit Corporation, a Texas nonprofit corporation and instrumentality of the Austin Housing Finance Corporation; approving its certificate of formation and by-laws; appointing its Board of Directors and President; and authorizing AHFC Cairn Point Non-Profit Corporation to act as general partner of the limited partnership that will own the Cairn Point Apartments, located at 5612 Springdale Road, Austin, TX 78723. District(s) Affected: District 1.
Resolution No. 20210930-AHFC002 was approved on consent on Director Renteria’s motion, Director Ellis’ second on a 10-0 vote. Director Casar was off the dais.
AHFC3. Conduct a public hearing to receive public comment regarding Austin Housing Finance Corporation’s issuance of up to $25,000,000 of Multi-family Housing Revenue Bonds to finance a proposed housing development located at 11700 Dionda Lane in Austin, Texas 78617, by the Austin Colorado Creek Apartments, LP, or an affiliated entity, and to be known as Austin Colorado Creek Apartments. District(s) Affected: District 2.
The public hearing was conducted and a motion to close the public hearing was approved on consent on Director Renteria’s motion, Director Ellis’ second on a 10-0 vote. Director Casar was off the dais.
AHFC4. Approve a resolution authorizing the Austin Housing Finance Corporation to issue Multi-family Housing Revenue Bonds, in an aggregate principal amount up to $25,000,000, that will provide financing for the development of Austin Colorado Creek Apartments, located at 11700 Dionda Lane in Austin, Texas, 78617; approving related documents; and authorizing specific named representatives of the Austin Housing Finance Corporation to execute the documents relating to issuance of the bonds and closing the transaction. District(s) Affected: District 2.
Resolution No. 20210930-AHFC004 was approved on consent on Director Renteria’s motion, Director Ellis’ second on a 10-0 vote. Director Casar was off the dais.
Vice President Harper-Madison adjourned the meeting at 2:20 p.m. without objection. Director Casar was off the dais.
https://www.austintexas.gov/edims/document.cfm?id=369183
