1. SYNOPSIS Sacramento Housing and Redevelopment Commission (SHRC) March 7, 2012 ROLL CALL The Sacramento Housing and Redevelopment Commission meeting was called to order at 6:00 p.m. by Chair Josh Rosa. PRESENT: Alcalay, Chan, Fowler, Gore, Johnson, Le Duc, Morton, Morgan, Rosa, Stivers ABSENT: Johnson, Shah STAFF PRESENT: Vickie Smith, Tia Patterson, LaShelle Dozier, Nick Chhotu, Chris Pahule, Christine Weichert, Bernadette Austin, MaryLiz Paulson, Jeree Glasser APPROVAL OF AGENDA The Chair announced that items 5 and 6 would be presented together. 1. APPROVAL OF ACTION SUMMARY SYNOPSIS Action Summary Synopsis for February 15, 2012 was approved. 2. CITIZEN COMMENTS none CONSENT 3. Housing Authority Participation in the Renewal of the Greater Broadway and Midtown Sacramento Property and Business Improvement Districts – City 4. Housing Authority Participation in the Renewal of the Greater Broadway and Midtown Sacramento Property and Business Improvement Districts - County The Commission recommended approval of the staff recommendation for the items listed above. The votes were as follows: AYES: Alcalay, Chan, Fowler, Gore, Le Duc, Morgan, Morton, Rosa NOES: none ABSENT: Johnson, Shah Not present to vote - Stivers BUSINESS 5. Annual Report on Residential Hotels 6. Approval of Agency Financing, Conversion Certificate and Replacement Housing Plan for Ridgeway Studios Katherine McFadden, Management Analyst, presented the items. Commissioner Fowler asked for an explanation of what was included in the “third party reports” which staff provided. Commissioner Stivers expressed support for the City’s no net loss policy and he asked about the status of the three remaining Single Room Occupancy hotels which staff provided. Commissioner Stivers asked for an explanation about why the non-regulated units were vacant which staff provided. Commissioner LeDuc asked for information on LifeSteps which staff provided. Commissioner LeDuc asked if the 8 percent construction contingency was adequate. Staff indicated that the project cost was evaluated by our construction inspection staff and they felt comfortable with the number. Commissioner Chan asked if the building was on the historic register. Staff indicated that it had been evaluated but was not current on the register. The Commission recommended approval of the staff recommendation for the items listed above. The votes were as follows: AYES: Alcalay, Chan, Fowler, Gore, Le Duc, Morgan, Morton, Rosa, Stivers NOES: none ABSENT: Johnson, Shah 7. Approval Of Home Investment Partnership Program (HOME) Loan For Willow Pointe Apartments Bernadette Austin, Housing Finance Analyst, presented the item. Commissioner LeDuc asked for an explanation of the operating expenses related to security which staff provided. Commissioner LeDuc requested that social services be expanded if possible as this could help lessen the need for the high security cost. Commissioner Alcalay expressed support for security to help the residents in the complex feel safe. Chair Rosa asked for a description about how the different units are filled based on income which staff provided. The Commission recommended approval of the staff recommendation for the item listed above. The votes were as follows: AYES: Alcalay, Chan, Fowler, Gore, Le Duc, Morgan, Rosa, Stivers NOES: none ABSENT: Johnson, Shah Not present to vote - Morgan EXECUTIVE DIRECTORS REPORT La Shelle Dozier reviewed the following items: * Activities Calendar * Next meeting will be April 18th. March 21st and April 4th meetings are cancelled. ITEMS AND QUESTIONS OF COMMISSION MEMBERS Chair Rosa announced that the members of the Executive Committee wuld stay the same during 2012. ADJOURNMENT As there was no further business to be conducted, Chair Rosa adjourned the meeting at 6:55 p.m. ________________________ AGENCY CLERK SHRC Synopsis March 7, 2012 3 1