HomeMy Public PortalAbout20140616minutesBOARD OF COMMISSIONERS
SPECIAL BOARD MEETING
JUNE 16, 2014
A Special Meeting of the Board of Commissioners of the Housing Authority of the City of Jefferson,
Missouri, was held at 7:30 a.m., Monday, June 16, 2014, in the Board Room at the Housing
Authority, 1040 Myrtle Avenue, Jefferson City, Missouri.
ROLL CALL: On roll call, the following were in attendance: Chairman Larry Vincent, Vice Chair
Penney Rector, and Commissioners Larry Kolb, Dennis Mueller, Donna White and Myrtle Mayfield.
Also in attendance were Allen Pollock, Executive Director; Jack Pletz, Legal Counsel; Jim Jenkins,
Deputy Director and Sonya Ross, Administrative Assistant. Chairman Vincent declared a quorum
present.
Regular Special
Vincent 11-12 1-1
Rector 9-12 1-1
Mueller 12-12 1-1
Kolb 12-12 1-1
Mayfield 8-12 1-1
White 3-4 1-1
RESOLUTION NO. 4452
RESOLUTION APPROVING THE ESTABLISHMENT OF CC APARTMENTS INVESTMENT
CORPORATION
See attached Resolution
Commissioner Mueller made the motion to approve Resolution No.4452 authorizing the creation of a
Not-For-Profit Corporation to serve as the substitute limited partner for Capital City Apartments
Limited Partnership. The board of the new corporation would consist of the current five member
Board of the Land Clearance for Redevelopment Authority of the City of Jefferson. Following
approval by MHDC, the CC Apartments Investment Corporation (CCAIC) would replace the
investors corporation, Community Investment Group, LLC. Following approval of the Resolution
Mr. Pletz will finalize and file the necessary paperwork for the creation of the Not-For-Profit
Corporation. Commissioner White seconded the motion. Upon unanimous favorable vote,
Chairman Vincent declared the motion approved. (Exhibit #1, 6/16/2014)
RESOLUTION NO. 4453
A RESOLUTION OF THE HOUSING AUTHORITY OF THE CITY OF JEFFERSON, MISSOURI
APPROVING THE ASSIGNMENT, ASSUMPTION AND AMENDMENT AGREEMENT
See attached Resolution
Vice Chair Rector made the motion to approve Resolution No. 4453 authorizing the execution by the
Housing Authority as guarantor of the Assignment, Assumption and Amendment Agreement
between the CC Apartments Investment Corporation, Community Investment Group, LLC and
Capital City Housing Corporation. Commissioner Kolb seconded the motion. Upon unanimous
favorable vote, Chairman Vincent declared the motion approved.
RESOLUTION NO. 4454
A RESOLUTION OF THE HOUSING AUTHORITY OF THE CITY OF JEFFERSON,
MISSOURI, REGARDING AN EXPENDITURE FROM THE GUARANTY RESERVE
RELATING TO THE CAPITAL CITY HOUSING PROJECT
See attached Resolution
The Housing Authority previously enter into an agreement with Capital City Housing Corporation, the
general partner of Capital City Apartments Limited Partnership, for the establishment of Guarantee
Reserve funded by part of the developer’s fee that the Housing Authority received for the Project.
With the creation of the new corporation, and transfer of ownership, a payment of $29,950.00 will be
paid to US Bank for outstanding and unpaid asset management fees, in addition to reimbursements of
its legal expenses.
Commissioner Kolb made the motion to approve the payments from the restricted account, seconded
by Vice Chair Rector. Upon unanimous favorable vote, Chairman Vincent declared the motion
approved.
Commissioner Kolb made the motion to adjourn the meeting, seconded by Vice Chair Rector. Upon
unanimous favorable vote, the motion was approved.
Larry Vincent, Chairman
ATTEST:
Allen Pollock, Secretary