flUSTIN HOUSING FINflNCE CORPORflTION Board of Directors: Gus Garcia, President Jackie Goodman, Vice President Raul Alvarez, Director Danny Thomas, Director Betty Dunkerley, Director Will Wynn, Director Daryl Slusher, Director Toby Futrell, General Manager Shirley Brown, Assistant Secretary Sedora Jefferson, General Counsel BOARD OF DIRECTORS' MEETING AUSTIN HOUSING FINANCE CORPORATION SPECIAL CALLED MEETING MINUTES THURSDAY, NOVEMBER 7,2002 The Board of Directors of the Austin Housing Finance Corporation (AHFC) was convened on Thursday, November 7, 2002 in the Hancock Building Board Room of the Lower Colorado River Authority, 3700 Lake Austin Blvd. The following were the AHFC items considered by the Austin Housing Finance Corporation's Board of Directors. President Garcia called the meeting to order at 3:54 p.m. AHFC-1. Approval of minutes for Austin Housing Finance Corporation Special Called Meeting of October 10, 2002. The minutes for the Austin Housing Finance Corporation Special Called Meeting of October 10, 2002 were approved on Board Member Slusher's motion, Board Member Wynn's second on a 4-0 vote. Vice President Goodman and Board Members Alvarez and Dunkerley were off the dais. AHFC-2. Approve the negotiation and execution of a loan in an amount not to exceed $20,000 to the Guadalupe Neighborhood Development Corporation for the rehabilitation of ten affordable rental-housing units located in the Guadalupe Neighborhood. ($20,000 in HOME funding is available in the fiscal year 2002-2003 Austin Housing Finance Corporation budget allocation under the Rental Housing Development Assistance Program.) The motion authorizing the negotiation and execution of a loan was approved on Board Member Slusher's motion, Board Member Wynn's second on a 5-0 vote. Vice President Goodman and Board Member Alvarez were off the dais. AHFC-3. Approve the negotiation and execution of a loan in an amount not to exceed $65,000 to the Guadalupe Neighborhood Development Corporation for the new construction of two affordable single-family rental-housing units located in the Guadalupe neighborhood at 116 Chicon. ($65,000 in HOME funding is available in the fiscal year 2002-2003 Austin Housing Finance Corporation budget allocation under the Rental Housing Development Assistance Program.) The motion authorizing the negotiation and execution of a loan was approved on Board Member Slusher's motion, Board Member Wynn's second on a 5-0 vote. Vice President Goodman and Board Member Alvarez were off the dais. 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