HomeMy WebLinkAbout2016-12-22 - Minutes -MINUTES OF THE DECEMBER 22, 2016 REGULAR MEETING OF THE
HOUSING AUTHORITY OF
THE CITY OF FAYETTEVILLE, ARKANSAS
The Housing Authority of the City of Fayetteville, Arkansas met in Regular Session at 6:18 p.m.
on, December 22, 2016, in the City Administration Building, Room i#111, Fayetteville, AR.
Mike Emery, Chair Person, called the meeting to order at approximately 6:16 p.m. as the board
was unable to enter City Administration Building
Commissioners Present: Mike Emery, Chris White, Chris Terry, Matthew Cabe, and Carma
Unruh.
Commissioners Absent: None
Others Present: Deniece Smiley (Fayetteville Housing Authority) and the candidates for the
open board position —Jake Dickson, Laurence McMahon, Rachel Pope, Gene Franco, and Kevin
Fitzpatrick.
NEW BUSINESS
A. Approval of Minutes of Previous Regular Board Meeting —Chris White made the
motion to accept the minutes as presented and Matthew Cabe seconded it.
They voted unanimously to approve the minutes.
B. Approval of October 2016 FHA Program Balance Sheets & Income Statements
and November 2016 Accounts Payable Summary. Chris Terry made a motion to
accept the financial records as presented and Chris White seconded it. The Board
voted unanimously to approve.
C. Election of New Board Member— Five (5) Year term to be served from
12/28/2016 to 12/28/2021. There were five candidates that showed up for
interviews and they were all individually interviewed. The Board went into
Executive Session and discussed candidates and then reopened the meeting
where the candidates were informed that Laurence McMahon was elected by
the board. Matthew Cabe made the motion to elect Ms. McMahon as the new
board member and Chris Terry seconded.
D. Election of New Board Chairperson and Vice Chairperson to serve a one year
term from 12/28/2016 to 12/28/2017. After some discussion, a motion was
made by Matthew Cabe to retain the present Chair and Vice Chairperson. Chris
Terry seconded the motion and the Board voted unanimously to approve.
Presentation on RAD and Low Income Tax Credit Applications — Robert Beale
and Eric Gold. Robert and Eric joined our meeting per phone. The y had
submitted a letter addressed to the board with all the talking points. (letter
attached) . The discussion primarily centered on next steps necessary to prepare
tax credit applications with Arkansas Dept of Finance Administration by Monday,
April 3, 2017. Matthew Cabe made a motion that we accept proposal from
Novogradac & Company to initiate a Market Study. The Pre -Development
Budget was laid out by the consultants along with a discussion of preliminary
sources and uses of funds for improvement of Morgan Manor including the offer
from Caldwell Banker Harris McHaney & Faucette.
Executive Director's Report—there was no prepared report. The Executive
Director informed the board that due to Matthew Cabe's tenure at the board
ending this month and with him being the Certifier for Payment of Invoices it
would be necessary for him to continue on until Mike Emery, the Chair was
approved by HUD. Chris White made the motion and Chris Terry seconded. The
Board voted to approve.
The meeting was adjourned by Mike Emery. The next regular scheduled board
meeting is January 26, 2017.
THE HOUSING AUTHORITY OF
ATTEST: CITY F ETTEVILLE, ARKANSAS
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SECRETARY