| For Immediate Release |
Contact: Charla Jackson Peter
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| February 25, 2009 |
(502) 564-7630, ext. 454
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Kentucky Housing Corporation Board of Directors to Meet
The Kentucky Housing Corporation Board of Directors will meet Thursday, February 26, 2009, 2 p.m., Eastern time, 1231 Louisville Road, Frankfort, Kentucky. A copy of the agenda for the meeting accompanies this notice.
The press and public are invited to attend the meeting. Individuals requiring special accommodations to attend this meeting should contact Tracey Fitzgerald at least 24 hours in advance at (502) 564-7630 or (800) 633-8896, extension 241; or TTY 711; or email tfitzgerald@kyhousing.org.
Agenda
I.
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Call to Order
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William E. Summers, V,
Chairman
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A. Confirmation of Quorum
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B. Confirmation of Press Notice
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C. Public Participation (Public may raise issues not already on the agenda; limited to five minutes per speaker.)
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II.
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Consideration/Approval of Minutes of the Meeting held December 11, 2008 (Motion)
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Chairman Summers
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III.
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Clean Energy Corps Presentation
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Jonathan Miller, Secretary, Finance and Administration Cabinet
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IV.
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Report of Action and Recommendations by Finance Committee at Meeting held February 20, 2009
Consideration of Resolution No. 1, Series of 2009 (Motion)
A RESOLUTION AUTHORIZING STAFF TO ADOPT THE ATTACHED PROCEDURES TO BE USED IN THE PROCUREMENT OF AUDIT SERVICES BY AN INDEPENDENT ACCOUNTING FIRM.
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David Wombwell,
Chairman
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V.
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Authorization to Extend Line of Credit with Fifth Third Bank
Consideration of Resolution No. 2, Series of 2009 (Motion)
A RESOLUTION AUTHORIZING AN EXTENSION OF THE MATURITY DATE OF A BANK LINE OF CREDIT.
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Richard L. McQuady
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VI.
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Approval of Authorization for Staff to Develop and Implement an Electronic Mortgage Loan Transfer Program Using Mortgage Electronic Registration System, Inc.
Consideration of Resolution No. 3, Series of 2009 (Motion)
A RESOLUTION AUTHORIZING STAFF TO DEVELOP AND IMPLEMENT AN ELECTRONIC MORTGAGE LOAN TRANSFER PROGRAM USING MORTGAGE ELECTRONIC REGISTRATION SYSTEMS, INC.
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Nancy Myers
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VII.
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Authorization to Increase the Personal Service Contract Amount with Middleton Reutlinger for Outside Legal Services
Consideration of Resolution No. 4, Series of 2009 (Motion)
A RESOLUTION AUTHORIZING STAFF TO INCREASE THE AMOUNT OF THE PERSONAL SERVICE CONTRACT WITH MIDDLETON REUTLINGER FOR OUTSIDE LEGAL SERVICES.
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Lisa Beran
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VIII.
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Approval of Amended Administrative Plan for Rental Assistance Programs
Consideration of Resolution No. 5, Series of 2009 (Motion)
A RESOLUTION APPROVING ADOPTION OF THE UPDATED ADMINISTRATIVE PLAN FOR RENTAL ASSISTANCE PROGRAMS.
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Brenda Weaver
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IX.
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Approval of Adoption of Revised Employee Handbook
Consideration of Resolution No. 6, Series of 2009 (Motion)
A RESOLUTION APPROVING THE ADOPTION OF THE REVISED EMPLOYEE HANDBOOK.
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Angela Cameron
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X.
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Finance Report
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A. Report of Budgeted vs. Actual Operating Fee Income and Expenditures for the Six Months-Ended December 31, 2008
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Derek VanMeter
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B. Presentation of Kentucky Housing Corporation’s December 31,
2008 Financial Statements
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Richard L. McQuady
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C. Financial and Homeownership Presentation
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Richard L. McQuady
Brenda Walker
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XI.
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Authorization to Develop and Implement a Mortgage Credit Certificate Program
Consideration of Resolution No. 7, Series of 2009 (Motion)
A resolution authorizing staff to develop and implement a Mortgage Credit Certificate Program and approval to file an election with the Internal Revenue Service not to issue private activity bonds in an aggregate amount exceeding $50,000,000.
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Brenda Walker
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XII.
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Authorization to Make Application to Become an Issuer of Government National Mortgage Securities
Consideration of Resolution No. 8, Series of 2009 (Motion)
A RESOLUTION AUTHORIZING STAFF TO MAKE APPLICATION TO BECOME AN ISSUER WITH THE GOVERNMENT NATIONAL MORTGAGE ASSOCIATION.
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Kevin L. Bradley
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XIII.
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Recognition of Don Ball
Consideration of Resolution No. 9, Series of 2009 (Motion)
A RESOLUTION RECOGNIZING DON BALL FOR HIS SERVICE ON THE BOARD OF DIRECTORS OF KENTUCKY HOUSING CORPORATION AND FOR HIS COMMITMENT TO THE CAUSE OF AFFORDABLE HOUSING IN THE COMMONWEALTH OF KENTUCKY. |
Richard L. McQuady
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XIV.
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Creation of a Board of Directors Standing Communications Committee
Consideration of Resolution No. 10, Series of 2009 (Motion)
A RESOLUTION CREATING A COMMUNICATIONS COMMITTEE AS A STANDING COMMITTEE OF THE BOARD OF DIRECTORS AND AUTHORIZING THE CHAIRMAN OF THE BOARD OF DIRECTORS TO APPOINT A CHAIRPERSON AND COMMITTEE MEMBERS TO THE COMMITTEE.
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Chairman Summers
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XV.
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Informational Items
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Chairman Summers
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A. Stimulus Update
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Richard L. McQuady
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B. CoC Funding Announcements
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C. April 30 Board Meeting
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D. Business Continuity & Strategic Planning
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Brenda Weaver
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E. EEO Update
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Angela Cameron
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XVI.
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Items from the Board or Staff (not on the agenda)
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XVII.
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Adjournment (Motion)
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Chairman Summers
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www.kyhousing.org
Kentucky Housing Corporation, the state housing finance agency, was created by the 1972 General Assembly to provide affordable housing opportunities. As a self-supporting, public corporation, Kentucky Housing offers lower-than-market rate home mortgages, housing production financing, homeownership education/counseling, rental assistance, housing rehabilitation, and supportive housing programs for special needs populations.
Kentucky Housing Corporation prohibits discrimination in employment based on race, color, religion, sex, national origin, sexual orientation, gender identity, ancestry, age, disability, or veteran status.