OLENE WALKER HOUSING LOAN FUND
QUARTERLY BOARD MEETING
Department of Community and Culture
Salt Lake City, Utah
MINUTES
Thursday, October 23, 2008
Members Present Representing
Mayor JoAnn B. Seghini, Chair Local Government
Gloria Froerer Rental Housing
David Luna General Public
Mayor Joe Piccolo Elected Officials
Jayne Wolfe General Public
David Wall Mortgage Lender
Marty Henrie Mortgage Lender
Stephen Blaser Manufactured Housing
Robert Snarr State Government
Megan Ryan Housing Advocacy
Craig Hackett Real Estate
Members Excused/Absent
Vince Clayton Home Builder
Staff
Gordon Walker Dept. of Community and Culture
Mike Glenn Dept. of Community and Culture
Shelli Goble Dept. of Community and Culture
Lora Rees Dept. of Community and Culture
Lisa Yoder Dept. of Community and Culture
Daniel Herbert-Voss Dept. of Community and Culture
Cris Rhead DHCD
Annette Despain DHCD
Clayton Fulton DHCD
Anna Leggett DHCD
Kathy Smith DHCD
Kristen Stewart DHCD
Visitors
Kathy Kinsman AGO
Scott Warr Save Our Kids Utah
Kerry Bate HA of SL County
Welcome - The Olene Walker Housing Loan Fund (OWHLF) Quarterly Board Meeting was held at 324 South State Street, Room 501, Salt Lake City, UT. The meeting was called to order at 9:00 am, by Mayor JoAnn Seghini, Chair.
Old Business
Item #1 – Approval of Minutes for the: Quarterly Board Meeting – July 31, 2008
Electronic Board Meeting – September 11, 2008
Electronic Board Meeting – October 6, 2008
Stephen Blaser motion and David Wall second to approve the minutes for the Quarterly Board Meetings held July 31, 2008, September 11, 2008, and October 6, 2008. The motion carried unanimously.
New Business:
Item #1 – Proposals
1. Mt. Catherine Apartments
This project has been tabled for the January 2009 Quarterly Board Meeting.
Stephen Blaser motion and Jayne Wolfe second to table this project for the January 2009 Board Meeting. The motion carried unanimously.
2. Gregson Apartments
Staff recommends that the interest rate for this loan, originally set at 6 percent, be reduced to 3 percent for the remaining 18-year term of the loan. This recommendation will still help to maintain lower rents for the special needs population which the project serves, as well as to physically maintain the property as quality low-income housing.
Jayne Wolfe motion and Stephen Blaser second to reduced to 3 percent for the remaining 18-year term of the loan. The motion carried unanimously.
New Action Items for Staff
1. Portfolio/Aging Report – Change report to read under owner’s name, last name only.
2. Multi-family Report - Who has turned in their bi-annual reports?
Adjourn: 11.00 am
Submitted by:
Lora Rees
Program Support Specialist
Division of Housing and Community Development,
Administer of Olene Walker Housing Loan Fund
2