flUSTIN HOUSING FINflNCE CORPORRTION Board of Directors: Kirk Watson, President Jackie Goodman, Vice President . Raul Alvarez, Director Danny Thomas, Director Beverly Griffith, Director Will Wynn, Director Daryl Slusher, Director Jesus Garza, General Manager Betty Dunkerley, Secretary Sedora Jefferson, General Counsel BOARD OF DIRECTORS' MEETING AUSTIN HOUSING FINANCE CORPORATION MINUTES THURSDAY, NOVEMBER 29,2001 The Board of Directors of the Austin Housing Finance Corporation (AHFC) was convened at 3:32 p.m. on Thursday, November 8, 2001 in the Hancock Building Board Room at the Lower Colorado River Authority, 3700 Lake Austin Blvd. The following agenda were the AHFC items considered by the Austin Housing Finance Corporation's Board of Directors. President Garcia called the meeting to order at 3:32 p.m. AHFC-2. Approve a Resolution to elect Mayor Gus Garcia as President of the Board of Directors of the Austin Housing Finance Corporation (AHFC) for a term expiring June 15,2003. Resolution No. 2001-1129-02 was approved on Board Member Wynn's motion, Board Member Thomas' second by a 6-0-1 vote. President Garcia abstained. AHFC-1. Approval of minutes for Austin Housing Finance Corporation Special Called Meeting of November 8, 2001. The minutes for the Austin Housing Finance Corporation Special Called Meeting of November 8, 2001 were approved on Board Thomas' motion, Board Member Griffith's second by a 4-0-2 vote. President Garcia and Board Member Slusher abstained. Board Member Wynn was off the dais. AHFC-3. Conduct a public hearing for the purpose of receiving public input on the issuance of up to $11 Million of 501 (c) (3) multi-family non-recourse bonds to finance the acquisition and rehabilitation of the Meadowood Apartments, to be owned and operated by a single purpose non-profit corporation affiliated with San Antonio Alternative Housing Corporation. The public hearing was closed on Board Member Slusher's motion, Board Member second Griffith's second by a 6-0 vote. Board Member Wynn was off the dais. AHFC-4. Approve a Reimbursement Resolution on the issuance of up to $11 million in 501(c) (3) multi-family non-recourse bonds to finance the acquisition and rehabilitation of the Meadowood Apartments, to be owned and operated by a single purpose non-profit corporation affiliated with San Antonio Alternative Housing Corporation. Resolution No. 2001-1129-04 was approved on Board Member Slusher's motion, Board Member Griffith's second by a 7-0 vote. CORPORATE OFFICES. 505 Barton Springs Rd. Suite 600. Austin. TX 78704 (512) 974-3103 OFFICE OF CORPORATE COUNSEL, 114 West 7th Street, Austin, TX. 78701(512) 974-2268 The motion to adjourn the meeting at 3:45 p.m. was closed on Board Member Griffith's motion, Board Member Wynn's second by a 7-0 vote. CORPORATE OFFICES. 505 Barton Springs Rd. Suite 600. Austin. TX 78704 (512) 974-3103 OFFICE OF CORPORATE COUNSEL, 114 West 7th Street, Austin, TX. 78701(512) 974-2268