SYNOPSIS Board of Directors of Funds Uniting Needs and Dollars (FUND) Inc. and Sacramento Housing and Redevelopment Commission March 18, 2009 FUND INC MEETING ROLL CALL The Board of Directors of FUND Inc was called to order at 6:00 p.m. by Chair Tom Burruss. PRESENT: Burruss, Chan, Dean, Fowler, Gore, Morgan, Otto, Shah, (two vacancies ABSENT: Stivers CITIZENS COMMENTS None BUSINESS 1. FUND Inc. Disbursement of Funds Mary Liz Paulson, Housing Authority Assistant Director, reviewed the report. The Board recommended approval of the staff recommendation for the item listed above. The votes were as follows: AYES: Burruss, Chan, Dean, Fowler, Gore, Morgan, Otto, Shah NOES: None ABSENT: Stivers ADJOURN FUND INC. MEETING As there was no further business to be conducted, Chair Burruss adjourned the meeting at 6:05 p.m. SHRC/FUND INC Synopsis March 18, 2009 SACRAMENTO HOUSING AND REDEVELOPMENT COMMISSION MEETING ROLL CALL The Sacramento Housing and Redevelopment Commission meeting was called to order at 6:05 p.m. by Chair Tom Burruss. PRESENT: Burruss, Chan, Dean, Fowler, Gore, Morgan, Otto, Shah ABSENT: Stivers STAFF PRESENT: Vickie Smith, LaShelle Dozier, Lisa Bates, Tia Boatman Patterson, Christine Weichert, MaryLiz Paulson, Nick Chhotu, Cindy Cavanaugh, Cecette Hawkins, Carly Huston, Karen Wallace, Celia Yniguez, Bernadette Austin, Jeree Glasser APPROVAL OF AGENDA The Chair announced that items #5 and 6 would be heard together. Chair Burruss requested a moment of silence in memory of former Commissioner Sam Burns. 1. APPROVAL OF ACTION SUMMARY SYNOPSIS The action summary for March 4, 2009 was approved. 2. CITIZEN COMMENTS none CONSENT 3. Lease Amendments for Properties Located at 1210 G Street and 701 12th Street The Commission recommended approval of the staff recommendation for the item listed above. The votes were as follows: AYES: Burruss, Chan, Dean, Fowler, Gore, Morgan, Otto, Shah NOES: None ABSENT: Stivers BUSINESS 4. Approval of Exclusive Right to Negotiate, Predevelopment Loan and Loan Commitment for La Valentina Bernadette Austin of the Housing and Community Development Division presented the item. SHRC/FUND INC Synopsis March 18, 2009 3 Commission Shah asked for a review of the members of the selection committee for this item. Staff reviewed the list of individuals who participated. Commissioner Burruss asked how well this project competes for the tax credits. Staff indicated that the project, as currently structured, competes very well but is it unclear who the competition will be for the credits. Staff indicated that they will re-submit for credits in the future if they are not successful in receiving tax credits in the first round. Commissioner Burruss asked if the property is currently maintained and staff reported that it is maintained routinely by an SHRA contractor. Commissioner Shah asked if this project was reviewed by the Loan Committee. Staff indicated that it did not come to the Loan Committee because the approvals needed exceeded the Loan Committee’s authority. Commissioner Shah requested a report back about the following: . Can staff by-pass Loan Committee based on the current resolution under which they operate . Why do some items come to both Loan Committee and Commission . Suggested that loans in general (not just those under $1,000,000) be reviewed by Loan Committee (who are financial professionals) before they go to the commission . History of the Loan Committee and how it has changed . How can Loan Committee be used more in the future Commissioner Fowler agreed that more clarity about the use of the Loan Committee was needed. The Commission recommended approval of the staff recommendation for the item listed above. The votes were as follows: AYES: Burruss, Chan, Dean, Fowler, Gore, Morgan, Otto, Shah NOES: None ABSENT: Stivers 5. Award of 2009 American Reinvestment and Recovery Act Capital Funds – City report 6. Award of 2009 American Reinvestment and Recovery Act Capital Funds – County report Cindy Cavanaugh and Nick Chhotu of SHRA presented the item. Commissioner Otto asked if job creation is a goal for the use of these funds. Staff indicated that the funds will be used to hire private contractors, so job creation will definitely be an outcome of these contracts. SHRC/FUND INC Synopsis March 18, 2009 Commissioner Morgan asked if these funds can be used for the tent city. Staff indicated that these funds cannot be used for tent city. Commissioner Gore requested a report back from staff when specific benchmarks are reached. LaShelle Dozier, SHRA Executive Director, indicated that staff plans to prepare a report card about how all of the economic stimulus funds are used. Commissioner Burruss stressed that he hoped no funds would need to go back to HUD. The Commission recommended approval of the staff recommendation for the item listed above. The votes were as follows: AYES: Burruss, Chan, Dean, Fowler, Gore, Morgan, Otto, Shah NOES: None ABSENT: Stivers EXECUTIVE DIRECTOR'S REPORT La Shelle Dozier reviewed the following items: 1) Reviewed calendar of events 2) Encouraged participation at the Rebuilding Together event in April 3) Announced that April 1st meeting will be cancelled. ITEMS AND QUESTIONS OF COMMISSION MEMBERS Commissioner Fowler asked for report back on the comments that were conveyed to the Planning Commission related to the Reasonable Accommodation Ordinance which staff agreed to provide. Commissioner Shah encouraged people to register their volunteer hours with Handsonsacramento.org to help make Sacramento the top city in the area for volunteerism. ADJOURNMENT As there was no further business to be conducted, Chair Burruss adjourned the meeting at 7:00 p.m. in memory of former Commissioner Sam Burns. AGENCY CLERK