MINUTES OF A REGULAR MEETING

Minutes Of A Regular Meeting

Of The Board Of The

Redevelopment Authority Of The County Of Lancaster

November 28, 2006

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, November 28, 2006. The Board 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; Neil Kinsey, Vice-Chair; Ralph Murray, Treasurer; Miriam Fletcher, Assistant Treasurer; and James Shultz.

Staff members present were: Matthew T. Sternberg, Executive Director; David M. Brazina, Deputy Director; Teresa Danforth, Housing Services Director; Aimee Tyson, Community Development Director; Karen Bousquet, Community Development Program Assistant; and Marian Joyce, Secretary.

Ms. Stewart called the meeting to order at 4:09 p.m.

Public Comment - None

Minutes of the October 24, 2006 meeting were approved. The motion was made by
Mr. Kinsey, second by Ms. Fletcher and unanimously accepted.

The Treasurer’s Report for the month of October 2006 was approved. The motion was made by Mr. Kinsey, second by Mr. Murray and unanimously accepted. The Chairman complimented the Redevelopment staff involved on their good work with the financial narrative and revised report formats. The Board agreed that monthly summaries would be sufficient but requested the more detailed financial reports on a quarterly basis.

Report of the Executive Director – is attached hereto, and made a part hereof.

Correspondence or Communications – None

Committee Reports – None

Old Business – None

New Business:

1) The Board approved a resolution authorizing the execution of loan documents. The motion to accept was made by Ms. Fletcher, second by Mr. Kinsey and unanimously carried. (A copy of said Resolution [Nov 06 #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 authorize the Chairman and the Secretary of the Board of the Redevelopment Authority of the County of Lancaster to execute loan documents
related to the establishment of a Line of Credit with Fulton Bank.

2) The Board approved a resolution amending the policies for the use of the American Dream Downpayment Initiative Funds. The motion to accept was made by Ms. Fletcher, second by
Mr. Shultz and unanimously carried. (A copy of said Resolution [Nov 06 #71] 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, attached hereto as Exhibit A to permit participants in the Community Homebuyer Program to apply for ADDI funds and to amend the amount of assistance permitted per assisted family.

3) The Board approved a contract with The Lancaster County Housing Opportunity Partnership for the Operation of The Community Home Buyer Loan Program. The motion was made by
Ms. Fletcher, second by Mr. Shultz and unanimously carried. (A copy of said Resolution
[Nov 06 #72] 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 January 1, 2007 and terminating December 31, 2007 in an amount not to exceed ONE HUNDRED SEVENTY-FIVE THOUSAND AND 00/100 ($175,000.00) DOLLARS.

4) The Board approved a resolution adopting a schedule of meetings for the 2007 year. The motion was made by Ms. Fletcher, second by Mr. Shultz and unanimously carried. (A copy of said Resolution [Nov 06 #73] is attached hereto, and made a part hereof).

BE IT RESOLVED by the Board of the Lancaster County Redevelopment Authority that the regular meetings for the year 2007 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 4:00 p.m. meeting of the Lancaster County Housing Authority. Said meetings will be held at the offices of the Lancaster County Housing Authority, 150 North Queen Street, First Floor, Lancaster, Pennsylvania.

The scheduled meetings are as follows:

Other Business:

1) The Chairman appointed Miriam Fletcher and Ralph Murray to the nominating committee for 2007.

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, December 12, 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 4:45 p.m.

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Marian C. Joyce, Secretary