| For Immediate Release |
Contact: Charla Jackson Peter
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| February 26, 2008 |
(502) 564-7630, ext. 454
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Kentucky Housing Corporation Board of Directors to Meet
A regular meeting of the Kentucky Housing Corporation Board of Directors will be held Thursday, February 28, 2008, 2 p.m., Eastern time, 1231 Louisville Road, Frankfort. A copy of the agenda accompanies this notice.
The press and public are invited to attend. 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; TTY 711; or e-mail tfitzgerald@kyhousing.org.
AGENDA
I.
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Call to Order
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Don Ball, 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 13, 2007 (Motion)
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Chairman Ball
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III.
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State Housing Policy Advisory Committee Presentation of 2007 Annual Report
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David Condon, Chairman
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IV.
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Report of Action by Executive Committee at Meetings of January 25, 2008 and February 7, 2008
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Chairman Ball
Richard L. McQuady
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V.
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In Recognition of Ben A. Cook
Consideration of Resolution No. 7, Series of 2008 (Motion)
A RESOLUTION RECOGNIZING BEN A. COOK FOR HIS SERVICE AND LEADERSHIP AS CHIEF EXECUTIVE OFFICER OF KENTUCKY HOUSING CORPORATION AND FOR HIS DEDICATION TO HELPING IMPROVE THE QUALITY OF LIFE FOR KENTUCKIANS THROUGH AFFORDABLE HOUSING.
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Richard L. McQuady
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VI.
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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, 2007
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Derek VanMeter
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B. Presentation of Kentucky Housing Corporation’s December 31, 2007 Financial Statements
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Richard L. McQuady
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VII.
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Authorization to Develop Financing Plan to Provide Funding for Homeownership Program
Consideration of Resolution No. 8, Series of 2008 (Motion)
A RESOLUTION AUTHORIZING STAFF TO DEVELOP A FINANCING PLAN TO PROVIDE CONTINUED FUNDING FOR THE CORPORATION’S HOMEOWNERSHIP PROGRAM.
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Richard L. McQuady
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VIII.
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Authorization to Extend Line of Credit with Fifth Third Bank
Consideration of Resolution No. 9, Series of 2008 (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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IX.
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Call for Motion to Enter into Executive Session
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Chairman Ball
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X.
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Call for Motion to Enter into Open Session
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Chairman Ball
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XI.
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Motion to Approve the Recommendation of the Board of Directors in Executive Session
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Chairman Ball
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XII.
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Informational Items
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Chairman Ball
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XIII.
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Items from the Board or Staff (not on the agenda)
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XIV.
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Adjournment (Motion)
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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.