UH, WITHOUT OBJECTION, I WILL RECESS THE MEETING OF THE AUSTIN CITY COUNCIL SO THAT WE MAY TAKE UP THE BOARD OF DIRECTORS MEETING OF THE AUSTIN HOUSING FINANCE CORPORATION.
IT'S MY UNDERSTANDING SOMEONE HAS SIGNED UP TO SPEAK ON THAT SINCE THAT'S WHY I WOULD LIKE TO DO THAT.
IS THERE ANY OBJECTION, HEARING? NO OBJECTION.
THE AUSTIN CITY COUNCIL REGULAR MEETING IS RECESSED.
UH, I WILL NOW CALL TO ORDER THE BOARD OF DIRECTORS MEETING OF THE AUSTIN HOUSING FINANCE CORPORATION.
IT IS MAY 18TH, 2023 AT 10 55 IN THE MORNING.
WE ARE MEETING IN THE AUSTIN CITY COUNCIL CHAMBERS IN AUSTIN CITY HALL, AND WE HAVE EVERYONE PRESENT, PLEASE.
GOOD MORNING, MR. PRESIDENT MADAM VICE PRESIDENT AND BOARD OF DIRECTORS.
I'M THE HOUSING AND COMMUNITY DEVELOPMENT OFFICER FOR THE HOUSING DEPARTMENT.
[Consent]YOU ON YOUR AGENDA, YOU HAVE SIX ITEMS I CAN OFFER FIVE ON CONSENT.
WITH YOUR PERMISSION, I'D LIKE TO TAKE THE NON-CONSENT ITEM FIRST, PLEASE.
UH, THIS IS TO CONTINUE THE PUBLIC HEARING THAT WAS OPENED AT THE LAST A H F C BOARD MEETING.
IF YOU WILL RECALL THAT, UH, PUBLIC HEARING WAS OPENED AND NOT CLOSED DUE TO AN ADVERTISING, UH, ERROR.
UH, IF WE CAN CONTINUE THAT PUBLIC HEARING TODAY, UH, THEN WE CAN MOVE ON TO THE REST OF THE ITEMS. IF YOU'D LIKE ME TO GO OVER THE REST OF THE ITEMS FIRST, UNLESS SOMEBODY ELSE, BUT I IT'S ITEM NUMBER FIVE.
MEMBERS, IT'S ITEM NUMBER FIVE.
THAT WILL NOT BE ON THE CONSENT AGENDA.
UM, I'LL ASK THE SAME, UH, QUESTIONS.
IS THERE ANYONE THAT WISHES TO PULL ANY OF THE ITEMS OFF OF THE CONSENT AGENDA OF THIS, OF THIS BOARD OF DIRECTOR'S MEETING? IS THERE ANYONE WISHING TO BE SHOWN RECUSING THEMSELVES FROM ANY OF THE ITEMS? ANYONE WISHING TO BE SHOWN ABSTAINING ON ANY OF THE ITEMS? IS THERE ANYONE WISHING TO BE SHOWN VOTING NO ON ANY OF ITEMS? COUNCIL MEMBER, DIRECTOR KELLY.
UM, I'D LIKE TO BE SHOWN AS VOTING NO ON A H F C THREE, FOUR, AND SIX, SINCE FIVE IS NO LONGER AVAILABLE TO US.
UM, COUNCIL MEMBER KELLY WILL BE, I MEAN, DIRECTOR KELLY WILL BE SHOWN AS VOTING NO ON ITEMS THREE, FOUR, AND SIX.
IT'S THE INTENTION OF THE CHAIR TO TAKE UP THE CONSENT AGENDA BY UNANIMOUS CONSENT.
IS THERE ANYONE OBJECTING TO THE CONSENT AGENDA AS READ WITH THE NO VOTES OF THREE, FOUR, AND SIX BY DIRECTOR KELLY? MR. PRESIDENT, IF I MAY PLEASE.
ITEM NUMBER SIX CANNOT BE VOTED ON UNTIL THE PUBLIC HEARING IS CONCLUDED HERE.
I'LL WITHHOLD MY VOTE UNTIL AFTER THE PUBLIC HEARING.
UM, I SHOULDN'T HAVE CALLED IT UP.
SO, SO DO WE NOT NEED TO POST THAT AS A PUBLIC HEARING? UH, THE PUBLIC HEARING WAS POSTED AND SET FOR LAST MEETING.
UH, AT THE LAST MEETING WE OPENED THE PUBLIC HEARING, DID NOT CLOSE IT AND CONTINUED IT FOR THIS HEARING SO THAT WE COULD ADVERTISE APPROPRIATELY FOR THAT.
TERA, UH, SINCE IT HAS BEEN ADVERTISED, WE CAN CONTINUE.
SO, SO FIVE WILL HAVE THE PUBLIC I NOW UNDERSTAND WHAT YOU'RE TELLING ME.
MEMBERS, THE CONSENT AGENDA WILL BE, UM, ITEM 1, 2, 3, AND FOUR.
UM, SO I, I MIS I MISREAD THAT.
IS THERE ANYONE THAT WISHES TO, UH, IS THERE ANY OBJECTION TO THE ADOPTION OF THE CONSENT AGENDA WITH COUNCIL MEMBER KELLY BEING SHOWN VOTING, UH, NO ON ITEMS THREE AND FOUR, HEARING NONE.
YES, I APOLOGIZE FOR INTERRUPTING, BUT WE DO HAVE A CALLER ON THE LINE AND OF COURSE, THAT'S WHY I WENT TO THIS AND THEN I FORGOT.
WE HAVE ZENOBIA JOSEPH ON A H F C THREE.
COUNSEL? YES, PLEASE GO AHEAD.
YEAH, I JUST, I WANTED TO MAKE SURE YOU HEARD US.
THANK YOU, MAYOR COUNSEL, I'M ZNO JOSEPH SPEAKING IN OPPOSITION TO AUSTIN HOUSING FINANCE CORPORATION.
ITEM THREE, THAT IS THE ITEM SPECIFICALLY RELATED TO THE $780,000 LOAN AGREEMENT FOR A FOURPLEX AT 33 0 6 VINTAGE HILLS COVE, AND IT WILL BE FUNDED WITH PROJECT CONNECT ANTI-DISPLACEMENT FUNDS.
I JUST WANNA CALL TO YOUR ATTENTION.
I AM LOOKING AT SECTION 3 9 4 0.002.
THE LEGISLATIVE FINDINGS ARE SPECIFICALLY RELATED TO PREVENTING URBAN, UH, BLIGHT, AND ALSO IT TALKS ABOUT MASS TRANSPORTATION.
I WANT YOU TO RECOGNIZE THAT THE GOVERNMENT ACCOUNTABILITY OFFICE SPECIFIES FRAUD, IS TRYING TO GET SOMETHING OF VALUE THROUGH WILLFUL MISREPRESENTATION.
I WOULD ASK YOU TO TABLE THIS ITEM AND RECOGNIZE THAT THERE IS NO DISPLACEMENT GOING ON IN NORTHEAST AUSTIN HERE WHERE THERE IS NO PROJECT CONNECT CORRIDOR TO THIS DEVELOPMENT.
I WOULD ALSO CALL TO YOUR ATTENTION
[00:05:01]AS A MATTER OF TRANSPARENCY, AT 10:18 AM THIS MORNING, I WROTE TO EDI DOT CIVIL DOT RIGHTS DOT DIVISION IRS.GOV AND ASK THEM TO REVOKE YOUR 5 0 1
AS YOU ARE AWARE, PROJECT CONNECT SERVES THE INDIVIDUALS PRIMARILY NOW IN CENTRAL AND SOUTH AUSTIN.
IT DOES NOT PROVIDE ANY SERVICE TO THE PEOPLE NORTH OF US, 180 3 FOR 24 TO 30 YEARS.
AND THERE IS NO SERVICE LIGHT RAIL TO THE PEOPLE THAT ARE BLACK IN NORTHEAST AUSTIN.
SO I WANT YOU TO KEEP THAT IN MIND.
AND I WOULD JUST, UM, CALL TO YOUR ATTENTION AS WELL.
I DIDN'T GET THE CODE FROM THE CLERK, BUT I DID INCLUDE IN MY DOCUMENTATION TO THE IRS ITEM NUMBER 24, WHICH WAS THE SANDERS AND WING MARKETING, BECAUSE IT ALSO RE REFERS TO YOUR DISPLACEMENT, UM, OUTREACH OR THE MARKETING, WHICH IS REALLY JUST PROPAGANDA.
I'LL LASTLY JUST CALL TO YOUR ATTENTION THAT IN 2015 AND 2016, CAPITAL METRO DID ABOUT 5,000 SURVEYS.
72% OF THE PEOPLE WHO RESPONDED WERE WHITE.
THANK YOU, SPEAKER, THAT CONCLUDES YOUR TIME TO TWO VEHICLES.
IF YOU HAVE ANY, I'LL GLADLY ANSWER THEM.
ITEMS 1, 2, 3, AND FOUR ARE ON THE CONSENT AGENDA WITH COUNCIL MEMBER KELLY BEING SHOWN VOTING NO ON ITEMS AND THREE, THREE AND FOUR.
IS THERE ANY OBJECTION TO THE ADOPTION OF THE CONSENT AS IT WAS JUST READ? HEARING NONE, THE CONSENT AGENDA IS ADOPTED.
[5. Conduct a public hearing regarding a Second Amendment to the Funding Loan Agreement related to the issuance of multi-family housing revenue bonds to Govalle Terrace Partners, LP, for revising the face amount of the bonds to the anticipated amount of $9,600,000 and extending the maturity date to December 1, 2037, to finance the operating costs of a multi-family housing development known as Los Portales de Lena Guerrero, formerly known as Govalle Terrace, located at or near 5225 Jain Lane, Austin, Texas 78721. Related to Item No. #6.]TAKE US TO ITEM NUMBER FIVE.
I WILL, UH, WITHOUT OBJECTION, WE WILL OPEN THE PUBLIC HEARING ON ITEM NUMBER FIVE.
IS THERE ANYONE SIGNED UP TO SPEAK IN THE, AT THE PUBLIC HEARING ON A H F C FIVE? WE DO NOT HAVE ANY SPEAKERS ON FIVE.
WITHOUT OBJECTION, WE WILL CLOSE THE PUBLIC HEARING ON ITEM NUMBER FIVE.
UH, IS THERE A MOTION TO ADOPT ITEM NUMBER FIVE? COUNCIL MEMBER ALISON ALTER IF.
OKAY, COUNCIL MEMBER, UH, ALISON ALTAR MOVES TO ADOPTED AT SECONDED BY COUNCIL MEMBER HARPER MADISON, IS THERE ANY OBJECTION TO THE MOTION TO ADOPT ITEM NUMBER FIVE, HEARING NONE.
[6. Approve a resolution authorizing a Second Amendment to the Funding Loan Agreement related to the issuance of Austin Housing Finance Corporation multi-family housing revenue bonds to Govalle Terrace Partners, LP, in substantially the form attached to the resolution, to finance the operating costs of a multi-family housing development known as Los Portales de Lena Guerrero, formerly known as Govalle Terrace, located at or near 5225 Jain Lane, Austin, Texas 78721, 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. Related to Item No. #5.]PUBLIC HEARING IS CURRENTLY OPEN.
IS THERE ANYONE SIGNED UP TO SPEAK ON ITEM NUMBER SIX? NO.
WE HAVE NO SPEAKERS ON ITEM SIX WITHOUT OBJECTION, WE WILL CLOSE THE PUBLIC HEARING ON ITEM NUMBER SIX.
IS THERE A MOTION TO ADOPT ITEM NUMBER SIX THAT'S MADE BY DIRECTOR POOLE? IS THERE A SECOND TO THE MOTION? SECONDED BY, UH, THE VICE PRESIDENT OF THE BOARD? IS THERE ANY OBJECTION TO THE ADOPTION OF ITEM NUMBER SIX? MAYOR, I'D, I'D LIKE TO OBJECT, UH, UH, DIRECTOR KELLY OBJECTS, UH, TO THAT I MOTION, IS THERE ANYONE ELSE OPPOSED TO ITEM NUMBER SIX? THE MOTION IS ADOPTED, UH, WITH BOARD DIRECTOR KELLY BEING SHOWN VOTING NO.
IS THERE ANY OTHER BUSINESS TO COME BEFORE THE AUSTIN HOUSING FINANCE CORPORATION BOARD OF DIRECTORS? NO, SIR.
UH, WITHOUT OBJECTION, WE WILL ADJOURN THE MEETING OF THE AUSTIN HOUSING FINANCE CORPORATION BOARD OF DIRECTORS.