MINUTES OF A REGULAR MEETING

OF THE

BOARD OF THE

REDEVELOPMENT AUTHORITY OF THE COUNTY OF LANCASTER

SEPTEMBER 30, 2003,

IMMEDIATELY FOLLOWING THE 4:00 P.M. MEETING OF THE

LANCASTER COUNTY HOUSING AUTHORITY

150 NORTH QUEEN STREET, SUITE 120

LANCASTER, PA   17603

The members of the Board of the Redevelopment Authority of the County of Lancaster met Tuesday, September 30, 2003.  The meeting was held at the offices of the Lancaster County Housing and Redevelopment Authorities, 150 North Queen Street, Suite 120.  Cindy Stewart, Chairman, called the meeting to order at 4:24 p.m.. 

Members of the Board in attendance were Cindy Stewart, Chairman, Ralph Murray, Treasurer, Ed Hollinger, Assistant Treasurer and Miriam Fletcher.  Neil Mr. Kinsey was absent.

Staff members present were Randy S. Patterson, Executive Director, David M. Brazina, Director of Community Development, William O. Fountain, Director of Technical Services, Teresa W. Danforth, Director of Community Services, and Diana Hess, Secretary.  Also present were John Randolph and Jim Haley of The Ingerman Group, Craig Bachik of Brinjac Engineering, and Tom Becket of Fairmount Capital Advisors, Inc.

There was no Public Comment. 

Minutes of the July 22, 2003 meeting were accepted following a motion by Mr. Hollinger, second by Mr. Murray and unanimously carried.

Treasurer’s Report for the month of July and August, 2003 was approved following a motion by Ms. Fletcher, second by Mr. Hollinger, and unanimously carried.  A copy of the report is attached hereto, made a part hereof and marked as Exhibit “A” & "B". 

Report of the Executive Director is attached hereto, made a part hereof, and marked as Exhibit “C”.  As part of the Executive Director's Report, Craig Bachik updated the Board on the Peninsula project at Sunnyside.  Thomas Beckett also provided a report to update the Board on the Financing Plan for the Multi-purpose Stadium Project.  A copy of Mr. Beckett's report is included as part of the Executive Director's Exhibit.

There was no Correspondence or Communications.

There were no Committee Reports. 

There was no Old Business. 

New Business:  

The Board approved a Resolution appointing a Secretary to the Board of Directors of the Redevelopment Authority on a motion by Mr. Murray, second by Ms. Fletcher and unanimously carried.

BE IT RESOLVED by the Board of the Redevelopment Authority of the County of Lancaster, to appoint Diana R. Hess as Secretary to the Board of Directors of the Redevelopment Authority to fill the position vacated by the resignation of Joyce E. Dietrich on July 25, 2003.

BE IT FURTHER RESOLVED by the Board of the Redevelopment Authority of the County of Lancaster that Ms. Hess's appointment is retroactive to July 25, 2003.  (A copy of said Resolution [Sept03#58] is attached hereto, and made a part hereof, and marked as Exhibit “D”.)

The Board adopted a Resolution approving a Corporate Resolution to borrow funds for the Multi-Purpose Stadium Project on a motion by Mr. Hollinger, second by Mr. Murray and unanimously carried.

            NOW, THEREFORE, BE IT RESOLVED by the Board of the Redevelopment Authority of the County of Lancaster to approve a Corporate Resolution to Borrow, Attached as Exhibit A, to provide a line of credit to the Redevelopment Authority for the purposes identified above.

            BE IT FURTHER RESOLVED by the Board of the Redevelopment Authority of the County of Lancaster, to approve and ratify the loan terms and Promissory Note negotiated by the Executive Director, Randy S. Patterson and to agree to the terms and conditions established in the attached resolution provided by Fulton Bank identified as Exhibit B. (A copy of said Resolution [Sept03#59] is attached hereto, made a part hereof, and marked as Exhibit “E”). 

The Board adopted a Resolution establishing a checking account for the Multi-Purpose Stadium Project and establishing authorized signatories on a motion by Mr. Hollinger, second by Mr. Murray and unanimously carried.

BE IT RESOLVED by the Board of the Redevelopment Authority of the County of Lancaster to establish a checking account at Fulton Bank to hold funds associated with the Lancaster Multi-Purpose Stadium Project.

BE IT FURTHER RESOLVED by the Board of the Redevelopment Authority of the County of Lancaster, that the following persons are hereby designated as authorized signatories to deposit, withdraw and/or transfer funds held in the account: the Chairman of the Board, currently Cindy Stewart; the Vice Chairman of the Board, currently Neil Kinsey; the Treasurer of the Board, currently Ralph Murray; the Executive Director, currently Randy S. Patterson; and the Controller, currently Kenneth Wiest.

BE IT FURTHER RESOLVED that the Board hereby agrees to the terms and conditions established in the attached resolution provided by Fulton Bank.  (A copy of said Resolution [Sept03#60] is attached hereto, made a part hereof, and marked as Exhibit “F”). 

The Board approved an amendment to the Redevelopment Authority Pension Plan and Trust on a motion by Mr. Murray, second by Ms. Fletcher and unanimously carried.

NOW, THEREFORE, BE IT RESOLVED by the Board of the Redevelopment Authority of the County of Lancaster to adopt the Connecticut General Life Insurance Company PLAN, including all elections made in the Non-Standardized Adoption Agreement.

BE IT FURTHER RESOLVED that the Board of the Redevelopment Authority of the County of Lancaster, acting as the Plan Trustee and Employer, agrees to be bound by all the terms of the PLAN and by all the terms of the Non-Standardized Adoption Agreement, attached hereto as Exhibit A.  (A copy of said Resolution [Sept03#61] is attached hereto, made a part hereof, and marked as Exhibit “G”). 

The Board reserved funding for the Manor Heights Apartments Project on a motion by Mr. Hollinger, second by Mr. Murray and unanimously carried.

NOW, THEREFORE, BE IT RESOLVED by the Board of the Redevelopment Authority of the County of Lancaster to authorize issuance of a Reservation of Funds letter reserving HOME Investment Partnerships Program funds in an amount not to exceed $1,200,000 for the Manor Heights Apartments Project;

BE IT FURTHER RESOLVED by the Board of the Redevelopment Authority of the County of Lancaster to authorize the Executive Director or the Director of Community Development to execute all documents related to the transactions contemplated herein.  (A copy of said Resolution [Sept03#62] is attached hereto, made a part hereof, and marked as Exhibit “H”). 

The Board approved an amendment to a contract with the Lancaster Housing Opportunity Partnership for the operation of the Community Homebuyer Loan Program on a motion made by Mr. Hollinger, second by Mr. Murray and unanimously carried.

NOW, THEREFORE, BE IT RESOLVED by the Board of the Redevelopment Authority of the County of Lancaster to approve the attached contract amendment with the Lancaster Housing Opportunity Partnership for the operation of the Community Homebuyer Loan Program.  (A copy of said Resolution [Sept03#63] is attached hereto, made a part hereof, and marked as Exhibit “I”).

The Board adopted a schedule of meetings for the year 2004 on a motion by Ms. Fletcher, second by Mr. Murray and unanimously carried.

            BE IT RESOLVED by the Board of the Redevelopment Authority of the County of Lancaster that the regular meetings for the year 2004 shall be held on the fourth Tuesday of each month, except for the month of December when the meeting will be held on the second Tuesday of the month.  All meetings will be held immediately following the 5:00 p.m. meeting of the Lancaster County Housing Authority.  Said meetings will be held at the offices of the Redevelopment Authority of the County of Lancaster, 150 North Queen Street, First Floor, Lancaster, Pennsylvania.

The scheduled meetings are as follows:

Tuesday, January 27, 2004                                     Tuesday, July 27, 2004

Tuesday, February 24, 2004                                   Tuesday, August 24, 2004

Tuesday, March 23, 2004                                        Tuesday, September 28, 2004

Tuesday, April 27, 2004                                           Tuesday, October 26, 2004

Tuesday, May 25, 2004                                            Tuesday, November 23, 2004

Tuesday, June 22, 2004                                           Tuesday, December 14, 2004

(A copy of said Resolution [Sept03#64] is attached hereto, made a part hereof,

and marked as Exhibit “J”).

OTHER BUSINESS

Ms. Stewart announced that the next meeting of the Board of the Redevelopment Authority of the County of Lancaster would be held Tuesday, October 28, 2003 at the offices of the Lancaster County Housing and Redevelopment Authorities, 150 North Queen Street, Suite 120, immediately following the 5:00 p.m. meeting of the Lancaster County Housing Authority. 

The meeting was adjourned at 6:05 p.m.

                                                                                                Diana R. Hess, Secretary