flUSTIN HOUSING FINflNCE CORPORRTION Board of Directors: Gus Garcia, 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 SPECIAL CALLED MEETING MINUTES THURSDAY, MARCH 21, 2002 The Board of Directors of the Austin Housing Finance Corporation (AHFC) was convened at 2:05 p.m. on Thursday, March 21, 2002 m 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 2:05 p.m. AHFC-1. Approval of minutes for Austin Housing Finance Corporation Special Called Meeting of February 14,2002. The minutes for the Austin Housing Finance Corporation Special Called Meeting of February 14, 2002 was approved on Board Member Wynn's motion, President Garcia's second by a 7-0 vote. AHFC-2. Approve a resolution amending the Austin Housing Finance Corporation 2001-2002 budget and contract between AHFC and the City of Austin Neighborhood Housing and Community Development by reducing non-federal funding authority by $750,000 in Housing Trust Funds for transfer to the City of Austin Neighborhood Housing and Community Development Office and increasing its 2001-02 Community Development Block Grant funding authority by $750,000. Resolution No. 2002-0321-02 was approved on Vice President Goodman's motion, Board Member Thomas' second by a 7-0 vote. The motion to adjourn the meeting at 2:11 p.m. was approved on Board Member Slusher's motion, Board Member Wynn's second by a 7-0 vote. The minutes for the Austin Housing Finance Corporation Special Called Meeting of March 21, 2002 was approved on Vice President Goodman'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