MINUTES OF A REGULAR RA MEETING

Minutes Of A Regular Meeting

Of The Board Of The

Redevelopment Authority Of The County Of Lancaster

March 27, 2007

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, March 27, 2007. The Board meeting was held at the office of the Redevelopment Authority of the County of Lancaster, 150 North Queen Street, Suite 120.

Members of the Board in attendance were: Ralph Murray, Treasurer; James Shultz, Assistant Treasurer and Miriam Fletcher. Absent: Cindy Stewart and Neil Kinsey

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. Also present: Tom Eisemann and Ken Smith (Community Basics Inc.) and Mary Kay Eckenrode (S&A Homes).

Mr. Murray called the meeting to order at 4:17 p.m.

Public Comment - None

Minutes of the January 23, 2007 meeting were approved. The motion was made by Mr. Shultz, second by Ms. Fletcher and unanimously accepted.

Treasurer’s Report: The Treasurer’s Reports for the months of January and February were approved on a motion by Mr. Shultz, second by Ms. Fletcher, and unanimously accepted.

Report of the Executive Director – is attached hereto, and made a part hereof. Mr. Sternberg updated the Board on the ChurchTowne project and Borough Revitalization Collaborative.

Correspondence or Communications – None

Committee Reports – None

Old Business - None

New Business:

1) The Board approved a resolution amending loan terms for the Sassafras Terrace project. Mr. David Brazina, Deputy Executive Director, and Ms. Aimee Tyson, Community Development Director, answered questions from the Board. The motion to accept was made by Mr. Shultz, second by Ms. Fletcher and unanimously carried. (A copy of said Resolution [Mar 07 #9] 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 Sassafras Terrace Limited Partnership for the Sassafras Terrace Project until the earlier of June 30, 2017 or the date the Project is sold or transferred (the Maturity Date) and to set the interest rate on the Loan to 0% per annum (the Interest Rate) for the first three years of the ten years extension period and an accrual of 3% interest for the last seven years of the ten year extension.

2) The Board approved a resolution authorizing an amendment to the Reservation of Funds letter for the Country Club Apartments project. Mr. Matthew T. Sternberg, Executive Director, Ms. Aimee Tyson, Community Development Director, and Mr. Ken Smith of Community Basics Inc., answered questions from the board about the funding. The motion to accept was made by Mr. Shultz, second by Ms. Fletcher, and unanimously carried. (A copy of said Resolution [Mar 07 #10] 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 an amendment to the Reservation of Funds letter reserving HOME Investment Partnerships Program funds and/or Community Development Block Grant Funds in an amount not to exceed $1,500,000 for the Country Club 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.

3) The Board approved a resolution reserving funds for the Warwick Senior Apartments project.
Ms. Aimee Tyson, Community Development Director, and Ms. Mary Kay Eckenrode of S&A Homes described the project. The motion to accept was made by Mr. Shultz, second by Ms. Fletcher, and unanimously carried. (A copy of said Resolution [Mar 07 #11] 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 issuance of a Reservation of Funds letter reserving Program funds in an amount not to exceed $995,000 for the Warwick Senior Apartments Project;

4) The Board approved a contract with the Community Action Program of Lancaster County, Inc. for the operation of the Energy Conservation Center. Ms. Aimee Tyson, Community Development Director, noted this was a standard contract funded for many years. (A copy of said Resolution [Mar 07 #12] 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 Community Action Program of Lancaster County, Inc. for the operation of the ENERGY CONSERVATION CENTER to provide weatherization services for approximately 80 low and moderate income homeowners for a period beginning March 1, 2007 and terminating on February 28, 2008 in an amount not to exceed ONE HUNDRED FIFTY THOUSAND AND 00/100 ($150,000.00) DOLLARS of Fiscal Year 2007 Community Development Block Grant Funds.

Other Business - None

Mr. Murray announced that the next meeting of the Board of the Redevelopment Authority of the County of Lancaster is expected to be held Tuesday, April 24, 2007 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 5:03 p.m.

Marian C. Joyce, Secretary