Minutes Of A Regular Meeting
Of The Board Of The
Redevelopment Authority Of The County Of Lancaster
December 13, 2005
Immediately Following The 4:00 P.M. Meeting Of The
Lancaster County Housing Authority
150 North Queen Street, Suite 120
Lancaster, PA 17603
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The members of the Board of the Redevelopment Authority of the County of Lancaster met Tuesday, December 13, 2005. The meeting was held at the offices of the Lancaster County Housing and Redevelopment Authorities, 150 North Queen Street, Suite 120.
Members of the Board in attendance were: Cindy Stewart, Chairman, Ralph Murray, Treasurer; Neil Kinsey, Assistant Treasurer; and Miriam Fletcher. Joining the meeting via telephone was Edward Hollinger, Vice Chairman.
Staff members present were: Randy Patterson, Executive Director; David M. Brazina, Deputy Executive Director; Teresa Danforth, Housing Services Director; Aimee Tyson, Community Development Director; and Karen Bousquet, Secretary.
Ms. Stewart called the meeting to order at 4:15 p.m.
Public Comment - None
Minutes of the October 25, 2005 meeting were accepted on a motion by Mr. Kinsey, second by Mr. Murray and unanimously carried.
The Treasurer’s Report for the months of September and October 2005 were approved following a motion by Mr. Kinsey, second by Ms. Fletcher and unanimously carried.
Report of the Executive Director is attached hereto and made a part hereof.
-- Mr. Patterson requested a motion from the Board to execute a site lease with Omnipoint Communication for construction of a communications pole on the stadium property. The motion to accept was made by Ms. Fletcher, second by Mr. Kinsey and unanimously carried.
Correspondence or Communications – None
Committee Reports – The Personnel Committee Report was approved following a motion by Mr. Kinsey, second by Ms. Fletcher and unanimously carried.
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Old Business – None
New Business:
1) The Chairman appointed Ralph Murray and Miriam Fletcher to the nominating committee for 2006.
2) The Board agreed to amend the loan terms for the Franklin Apartments Project. The motion to accept was made by Ms. Fletcher, second by Mr. Kinsey and unanimously carried. (A copy of said Resolution [Dec 05 #67] is attached hereto and made a part hereof.)
NOW, THEREFORE, BE IT RESOLVED by the Board of the Redevelopment Authority of the County of Lancaster to extend the maturity dates of the Loans to Franklin Street Associates for the Franklin Apartments Project until the earlier of May 31, 2015 or the date the Project is sold or transferred (the Maturity Date) and to set the interest rate on the Loans to 1% per annum (the Interest Rate).
BE IT FURTHER RESOLVED, by the Board of the Redevelopment Authority of the County of Lancaster to amend the terms of the Loans to Franklin Street Associates for the Franklin Apartments Project to defer principal and interest payments on the Loans until the Maturity Date and to stipulate that interest on the unpaid principal balance of the Loans shall accrue at the Interest Rate and shall be due on the Maturity Date.
3) The Board approved a revised policy manual for the operation of the HOME Rental Assistance Program. The motion to accept was made by Mr. Kinsey, second by Mr. Murray and unanimously carried. (A copy of said Resolution [Dec 05 #68] is attached hereto and made a part hereof.)
NOW, THEREFORE, BE IT RESOLVED by the Board of the Redevelopment Authority of the County of Lancaster to approve the amended HOME Rental Assistance Program Policy Manual.
4) The Board approved a contract with the Lancaster Housing Opportunity Partnership for the operation of the Community Home Buyer Loan Program. The motion to accept was made by Mr. Kinsey, second by Mr. Murray and unanimously carried. (A copy of said Resolution [Dec 05 #69] is attached hereto and made a part hereof.)
NOW, THEREFORE, BE IT RESOLVED by the Board of the Redevelopment Authority of the County of Lancaster to approve the execution of a Contract with the Lancaster Housing Opportunity Partnership to provide loans for down payment and closing costs to approximately 20 lower income families desiring to purchase a home, for a period beginning December 1, 2005 and terminating December 31, 2006 in an amount not to exceed One Hundred Seventy-Five Thousand Dollars ($175,000.00) in Community Development Block Grant Program funds.
5) The Board approved an amendment to the policies for the use of American Dream Downpayment Initiative Funds. The motion to accept was made by Ms. Fletcher, second by Mr. Kinsey and unanimously carried. (A copy of said Resolution [Dec 05 #70] is attached hereto and made a part hereof.)
NOW, THEREFORE, BE IT RESOLVED by the Board of the Redevelopment Authority of the County of Lancaster to approve the amended Policies for the Use of American Dream Downpayment Initiative Funds.
Other Business
Ms. Stewart announced that the next meeting of the Board of the Redevelopment Authority of the County of Lancaster is expected to be held Tuesday, January 24, 2006 at the offices of the Lancaster County Housing and Redevelopment Authorities, 150 North Queen Street, Suite 120, immediately following the 4:00 p.m. meeting of the Lancaster County Housing Authority.
The meeting was adjourned at 5:25 p.m.
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Karen S. Bousquet, Secretary