HOUSING AND COMMUNITY
SERVICES AGENCY
February 3, 2010
9:00 a.m.
Harris Hall Main Floor
APPROVED 3/17/2010

Commissioner Bill Fleenor presided with Commissioners Bill Dwyer, Rob Handy, Joe Inman, Peter Sorenson and Faye Stewart present. DeWanda McKinley was excused. County Administrator Jeff Spartz, County Counsel Liane Richardson and Recording Secretary Melissa Zimmer were also present.

1. ADJUSTMENTS TO THE AGENDA

None.

2. PUBLIC COMMENTS

None.

3. COMMISSIONERS' RESPONSE TO PUBLIC COMMENTS AND /OR OTHER ISSUES AND REMONSTRANCE

Sorenson mentioned a review of the President’s proposed budget on the Federal Housing and Urban Development on the impact of the imposed federal budget.

4. REGULAR BUSINESS

a. ORDER10-2-3-1H/In the Matter of Approving the Amended Limited Partnership Agreement for Roosevelt Crossing.

Jim McCoy, HACSA, explained that this item is the final board action necessary to finalize the financing for the Roosevelt Crossing transition housing project on Highway 99.  He recalled that this project has been before the Board before.  He said this allows them to sell the tax credits and authorizes them to get federal funding through the state of Oregon and to fill the gap caused by the collapse of the tax credit market.  He indicated that it authorizes them to taken money from the city of Eugene.  He said it allows them to accept Sponsors, Inc. as an additional limited partnership.  He noted at the end of the tax credit period they will have a debt free facility to give over to sponsors.  He said the state is asking that ten percent of the funds ($2.5 million) be structured as a no interest loan, forgivable in 40 years.  He asked the Board to authorize this board order.

MOTION: to approve ORDER 10-2-3-1H.

Dwyer MOVED, Stewart SECONDED.

VOTE: 6-0.

There being no further business, Commissioner Fleenor adjourned the meeting at 9:10 a.m.

Melissa Zimmer
Recording Secretary