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$2.3M for Montopolis Infrastructure Upgrade

Thursday, November 3, 2005 Austin Housing Finance Corporation (AHFC) Board of Directors AHFC Meeting
  • The Austin Housing Finance Corporation considered approving minutes from its previous meeting on October 20, 2005.
  • These minutes documented the approval of a significant construction contract valued at over $2.3 million.
  • The contract was awarded to Keystone Construction, Inc. for vital infrastructure improvements in the Montopolis subdivision.
  • Funding for the Montopolis project was secured through Community Development Block Grant program income.
Official City Record Agenda Transcript

Full Transcript

RU5TIN HOUSING FINflNCE CORPORRTION BOARD OF DIRECTORS' MEETING AUSTIN HOUSING FINANCE CORPORATION SPECIAL CALLED MEETING MINUTES THURSDAY, OCTOBER 20,2005 The Board of Directors of the Austin Housing Finance Corporation (AHFC) was convened on Thursday, October 20, 2005, in the Council Chambers of City Hall, 301 W. 2nd Street, Austin, Texas. The following were the AHFC items considered by the Austin Housing Finance Corporation's Board of Directors. President Wynn called the meeting to order at 3:12 p.m. AHFC- 1 Approve the minutes of the September 29, 2005 Board meeting of the Austin Housing Finance Corporation. The minutes for the Austin Housing Finance Corporation meeting of September 29, 2005 were approved on Board Member McCracken's motion. Vice President Thomas' second on a 6-0 vote. Board Member Leffingwell was off the dais. AHFC-2 Approve a resolution authorizing the execution of a construction contract with KEYSTONE CONSTRUCTION, INC., Austin TX, lo install infrastructure improvements in the Montopolis subdivision for a total contract amount not to exceed $2,314,737.90. (Funding is available from the Grant Operating Budget from Community Development block Grant program income for Fiscal Year 2005-2006.) Resolution No. 2005J020-AHFC-002 was approved on Board Member Alvarez* motion. Vice President Thomas'1 second on a 7-0 vote. The meeting was adjourned without objection at 3:26 p.m. RBA AGENDA ITEM NO.: AHFC-1 AUSTIN HOUSING FINANCE CORPORATION AGENDA DATE: Thu 11/03/2005 RECOMMENDATION FOR BOARD ACTION PAGE: 1 of 1 SUBJECT: Approve the minutes of October 20, 2005 Board meeting of the Austin Housing Finance Corporation. AMOUNT & SOURCE OF FUNDING: N/A FISCAL NOTE: There is no unanticipated fiscal impact. A fiscal note is not required. REQUESTING Austin Housing Finance DIRECTOR'S DEPARTMENT: Corporation AUTHORIZATION: Paul Hilgers FOR MORE INFORMATION CONTACT: Paul Hilgers, Executive Director, Austin Housing Finance Corportation, 974-3108. PRIOR BOARD ACTION: N/A BOARD AND COMMISSION ACTION: N/A The minutes will be added when they become available. RCA SeiiaK': 10186 Date: 11/03.-05 Original: Yes Published: I:ri 10/28/2005 Disposition: Adjusted version published: