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NOW CONVENE[Consent]
THE, UH, MEETING OF THE AUSTIN HOUSING PUBLIC FINANCE CORPORATION.UH, I THINK THIS IS THE VERY FIRST, UH, BOARD MEETING THAT WE HAVE OF THAT WE HAVE A QUORUM OF THE DIRECTORS PRESENT HERE ON SEPTEMBER 29TH, UH, 2022 AT THREE 20, UH, IN THE, UH, CITY COUNCIL OF CHAMBER HERE AT CITY HALL.
UH, YOU WANNA TAKE US THROUGH THE CONSENT, UH, AGENDA FOR THE, UH, AUSTIN HOUSING PUBLIC FINANCE CORPORATION MEETING? YES, SIR.
I'M THE, UH, HOUSING AND COMMUNITY DEVELOPMENT OFFICER.
I WILL NOTE THAT, UH, ITEM ONE ON THE A H PFC AGENDA IS, UH, THE ADOPTION OF BYLAWS AND SELECTION OF OFFICERS.
IF YOU'D LIKE TO TAKE THAT FIRST, AND THEN I'LL WALK THROUGH THE, UH, UH, CONSENT AGENDA.
AND LET ME CORRECT THE RECORD.
THIS IS THE AUSTIN HOUSING PUBLIC FACILITY CORPORATION, NOT FINANCE CORPORATIONS.
I CALLED IT BY THE WRONG NAME AND I APOLOGIZE TO, TO THE FOLKS I'VE WORKED ON THIS SO HARD.
UH, THE, UH, FIRST, UH, ITEM, YOU WANT TO CALL THESE THINGS UP INDIVIDUALLY.
YOU WANT THAT HANDLED SEPARATELY? ONLY THE FIRST ITEM NEEDS, UH, NEEDS ACTION.
IS THERE A MOTION TO, UH, APPROVE THE, UH, THE, THE BYLAWS AND APPROVE THE OFFICER SELECTION PROCESSES SET FORTH IN THE BYLAWS? COUNCIL MEMBER THE RE MAKES A MOTION COUNCIL MEMBER POOL SECONDS THAT ARE DIRECTOR RENTEE AND DIRECTOR POOL SECONDS AT ANY DISCUSSION? YES.
UM, UM, JUST SO THAT WE DON'T HAVE TO DO IT LATER.
I FELT LIKE THERE WAS SOME LATE BACKUP FOR ONE OF THESE MEETINGS.
I REMEMBERED TO DO THAT WHEN WE CALLED THE PUBLIC SPEAKERS.
MOST OCCASIONS I'M GOING TO NEED THAT REMINDER.
UH, LET'S TAKE A VOTE ON THIS.
FIRST IT NUMBER ONE, PLEASE RAISE YOUR HANDS.
THOSE OPPOSED, IT'S UNANIMOUS ON THE DS WITH DIRECTORS HAR MEDICINE AND FTU OFF THE DA.
UH, WITH THAT NOW ACCOMPLISHED, YOU WANNA TAKE US THROUGH THE REST OF THE, THE CONSENT AGENDA? THANK YOU, MR. PRESIDENT.
UM, AGAIN, UH, YOU HAVE SEVEN ITEMS ON YOUR CONSENT AGENDA.
THESE ARE SEVEN INDUCEMENT RESOLUTIONS FOR APPLICATIONS FOR PRIVATE ACTIVITY BONDS.
UH, THESE, UH, APPLICATIONS INCLUDE THREE AUSTIN HOUSING FINANCE CORPORATION PARTNERSHIPS, TWO POTENTIAL AUSTIN HOUSING FINANCE CORPORATION PARTNERSHIPS THAT ARE STILL UNDER NEGOTIATION.
ONE, UH, REHABILITATION PROPERTY, WHICH IS, UH, THE LAST ITEM THAT'S WOODWAY.
AND, UH, ONE PROPERTY THAT WE'VE BEEN TRYING TO GET PRIVATE ACTIVITY BONDS FOR QUITE SOME TIME.
IT'S, UH, THE RBJ DEVELOPMENT.
UH, WE OFFER ALL, IT'S SEVEN OF THESE APPLICATIONS ON CONSENT, AND I'D BE HAPPY TO ANSWER QUESTIONS.
IS THERE A MOTION TO APPROVE THE CONSENT AGENDA? UH, DIRECTOR, AUTHOR MAKES THAT MOTION.
IS THERE A SECOND TO THAT? UH, DIRECTOR, UH, VELA, UH, SECONDS.
THAT, UH, DIRECTOR, AUTHOR, DO YOU WANNA SPEAK TO IT FIRST? SURE.
UM, SINCE THIS IS THE FIRST TIME WE'RE MEETING, UM, FOR THE PUBLIC, CAN YOU, YOU JUST, UM, GO THROUGH WHAT AN INDUCEMENT RESOLUTION MEANS? YES.
UM, AN INDUCEMENT RESOLUTION IS A RESOLUTION BY, UH, THE GOVERNING BODY, UM, AND THE ISSUER OF THE PRIVATE ACTIVITY BONDS TO SUBMIT AN APPLICATION TO THE TEXAS BOND REVIEW BOARD FOR THE, UH, ISSUANCE OF PRIVATE ACTIVITY BONDS.
UH, WE ARE INDUCING THAT APPLICATION SO THAT WE CAN THEN RECEIVE THOSE PRIVATE ACTIVITY BONDS FOR THE DEVELOPMENT.
AND WE ARE TAKING NO FINANCIAL RESPONSIBILITY FOR BACKING THOSE BONDS.
THERE THERE'S NO FINANCIAL, UH, RESPONSIBILITY UNDER H PFC OR UNDER AHFC WHEN THEY ISSUE PRIVATE ACTIVITY BONDS AS WELL.
I DO NOTE IN, IN TAKING A LOOK AT THESE, THAT SIX OF THE SEVEN OF THESE PROJECTS ARE IN DISTRICTS ON THE EAST SIDE OF OUR CITY.
UH, AND, AND, UM, JUST WANTED TO NOTE THAT.
IT DOES IN FAVOR THE CONSENT AGENDA.
THOSE OPPOSED, UNANIMOUS ON THE DIAS.
COUNCIL MEMBER KELLY, DIRECTOR KELLY VOTING, NO OTHERS VOTING.
I, UH, TWO COUNCIL MEMBERS, UH, OFF, TWO DIRECTORS OFF THE DIAS, UH, DIRECTOR FUENTES AND, AND, AND DIRECTOR HARBOR MADISON.
SO ON A VOTE OF EIGHT TO ONE TO TWO, THE CONSENT AGENDA PASSES.
WITH THAT, WE'LL ADJOURN THE MEETING OF THE, UH, UH, AUSTIN HOUSING PUBLIC FACILITY, UH, UH, CORPORATION.
I JUST WANT TO MAKE A COMMENT THAT, UM, I'M REALLY GLAD THAT, UH, WE ARE ABLE TO, UM, UH, THAT WE'RE GONNA BE ABLE TO FUND, UH, REBECCA BA JOHNSON, OUR SENIOR FACILITY IS, UM, THAT ONE IS ON ITEM SEVEN.
AND, UH, I JUST WANNA SAY THANK YOU CUZ UH, IT'S DESPERATELY NEEDED, ESPECIALLY IN MY COMMUNITY.
SO THANK, AND BY HAVING THESE SENIORS THERE, THEY'RE MOST OF MY, MY FRIENDS RIGHT NOW.
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UM, WITH THAT, UH, THE MEETING IS, UH, ADJOURNED HERE AT, UH, THREE 20.