Joint meeting of the Board of Director of Paisano Housing Redevelopment Corporation et al

26 October 2016, 7:30pm – 8:00pm

5300 East Paisano
El Paso, Texas 79905

Meeting Agenda

Regular meeting of the Board of Directors of Paisano Housing Redevelopment Corporation (“PHRC”) With a joint meeting of EP Westfall GP, LLC and EP Sherman I Plaza GP, LLC will be held at 5300 E. Paisano Dr., El Paso, Texas 79905 Wednesday, October 26, 2016 at 7:30 p.m. or thereafter, immediately following the Regular Board Meeting of the Board of Directors of EP Housing Operations and Management Enterprises PFC d/b/a EP HOME

MEETING AGENDA

A.        Preliminary Items

1.     Call to order.

2.     Establishment of a quorum.

3.     Approval of minutes of a joint and/or partnership meeting that took place on September 28, 2016.

B.        Consent Agenda Items

There are no consent agenda items scheduled for this meeting.

C.        Items Considered for Action

4.     Discussion and action regarding resolution

(1)  Facilitate the development of the Thomas Westfall Memorial Apartments (the “Project”), which consists of affordable housing units and associated amenities to be built upon land ground-leased from the Housing Authority of the City of El Paso (“HACEP”);

(2)  Cause the PHRC and/or the General Partner and/or El Paso Westfall, LP (the “Partnership”) to execute: (i) that certain Amended and Restated Agreement of Limited  Partnership (the “Partnership Agreement”) of the Partnership by and among EP Westfall GP, LLC (the “General Partner”), Affordable Housing Ventures, Inc., Columbia Housing SLP Corporation, and PNC Real Estate Tax Credit Capital Institutional Fund 47 Limited Partnership (the “Investor”); (ii) that certain Amended and Restated Development Agreement by and between the Partnership   and   PHRC   (the    “Development Agreement”);   (iii)  that  certainPurchase Option Agreement and Right of First Refusal (the “Option Agreement”) entered into by and between the Partnership and HACEP; and (iv) and other related documents;

(3) Cause the Partnership to enter into: (i) the Development Agreement; (ii) the Option Agreement; (iii) that certain Consent to Security Interest and Agreement  of Partners of Partnership (“Consent”); (iv) development financing for the Project; and (v) and other related documents; and

(4)  Cause PHRC, the General Partner and/or the Partnership to execute any such further          documentation as necessary or desirable to allow the consummation of the transactions as more fully described herein.

5.         Discussion and action regarding resolution authorizing PHRC to execute any and all             documents, or take any other action, that is necessary or desirable to:

(1)  Facilitate the development of the Sherman Plaza Apartments (the “Project”), which        consists of affordable housing units and associated amenities to be built upon land ground-leased from the Housing Authority of the City of El Paso (“HACEP”);

(2) Cause the PHRC and/or EP Sherman I Plaza GP, LLC (the “General Partner”)/or El Paso Sherman I, LP (the “Partnership”) to execute: (i) that certain First Amended and Restated       Agreement of Limited Partnership (the “Partnership Agreement”) of the Partnership by and among (ii) that certain Development Agreement by and between   the Partnership and PHRC (the “Development Agreement”); (iii) that certain Purchase Option Agreement and Right of First Refusal (the “Option Agreement”) entered into by and between the Partnership and HACEP; (iv) that certain Pledge and Security Agreement (General Partner) by the General Partner for the benefit of the Investor (the “Pledge”); and (v) and other related documents;

(3)   Cause the Partnership to enter into development financing for the Project; and

(4)  Cause PHRC, the General Partner and/or the Partnership to execute any such further          documentation as necessary or desirable to allow the consummation of the transactions as more fully described herein.         

D.        Executive (Closed) Session

Although there is no executive or closed session planned for this meeting, the Board of Directors reserves its right to go into executive session, or a closed private session, to take  up any  items  on  or  related  to  this  agenda  that  may  be   appropriately  taken  up  in executive session pursuant to the Texas Open Meetings Act, Texas Government Code 551.071 to .076, for such matters as consultation with an attorney on a matter covered by attorney-client privilege, to confer regarding threatened or pending litigation, or to confer regarding real estate, personnel, and/or security matters that may be discussed in a closed session.   No action and no votes will be taken in any executive session.

E.        Conclusion of Meeting

6.         Adjournment.

Posting Statement

THIS NOTICE HAS BEEN POSTED AT THE CENTRAL OFFICES OF PAISANO HOUSING REDEVELOPMENT CORPORATION, 5300 EAST PAISANO DRIVE, AND NOTICE HAS BEEN PROVIDED TO THE EL PASO COUNTY CLERK MORE THAN 72 HOURS IN ADVANCE OF THE ABOVE MEETING, AS REQUIRED BY CHAPTER 551 OF THE TEXAS GOVERNMENT CODE.  

Accessibility Notice

UPON REQUEST PAISANO HOUSING REDEVELOPMENT CORPORATION WILL PROVIDE AUXILIARY AIDS AND SERVICES SUCH AS INTERPRETERS FOR THE HEARING IMPAIRED, READERS, LARGE PRINT OR BRAILLE DOCUMENTS.  THOSE REQUESTING AUXILIARY AIDS OR SERVICES MAY NOTIFY SERGIO VASQUEZ, EQUAL OPPORTUNITY COORDINATOR, AT (915) 849-3820, OR SVASQUEZ@HACEP.ORG AT LEAST 48 HOURS PRIOR TO THE MEETING.

SIMULTANEOUS ENGLISH/SPANISH TRANSLATION IS PROVIDED AT ALL REGULAR MEETINGS OF THE BOARD OF DIRECTORS OF PAISANO HOUSING REDEVELOPMENT CORPORATION.

Concealed and Open Carry Handgun/Weapons Notice

PURSUANT TO § 30.06, PENAL CODE, (TRESPASS BY HOLDER LICENSE HOLDER WITH A CONCEALED HANDGUN), A PERSON LICENSED UNDER SUBCHAPTER H, CHAPTER 411, GOVERNMENT CODE (HANDGUN LICENSING LAW), MAY NOT ATTEND THIS MEETING WITH A CONCEALED HANDGUN.

PURSUANT TO § 30.07, PENAL CODE, (TRESPASS BY HOLDER LICENSE HOLDER WITH AN OPENLY CARRIED HANDGUN), A PERSON LICENSED UNDER SUBCHAPTER H, CHAPTER 411, GOVERNMENT CODE (HANDGUN LICENSING LAW), MAY NOT ATTEND THIS MEETING WITH A HANDGUN THAT IS CARRIED OPENLY.

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Housing Authority of the City of El Paso

5300 East Paisano Drive
El Paso, TX 79905
United States

Monday-Friday, 8 a.m. – 5 p.m.

(915) 849-3742

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