Regular Meeting of EP RAD-3 PFC Board of Directors

27 April 2016, 7:30pm – 8:00pm

5300 East Paisano
El Paso, Texas 79905

Meeting Agenda

REGULAR BOARD MEETING OF THE BOARD OF DIRECTORS OF EP-RAD3, PFC

27 April 2016, 7:30 pm

5300 East Paisano Drive

El Paso, TX 79905

MEETING AGENDA

TAKE NOTICE THAT A REGULAR MEETING OF THE BOARD OF DIRECTORS OF EP RAD-3 PFC WILL BE HELD AT 5300 EAST PAISANO, EL PASO, TEXAS WEDNESDAY, APRIL 27, 2016 IMMEDIATELY FOLLOWING THE PAISANO HOUSING REDEVELOPMENT CORPORATION REGULAR BOARD MEETING

TO CONSIDER AND POSSIBLY ACT ON THE FOLLOWING:

1..         CALL TO ORDER.

2.         ESTABLISHMENT OF A QUORUM.

3.         APPROVAL OF MINUTES OF A REGULAR AND PARTNERSHIP MEETING HELD ON OCTOBER 28, 2015.

4.         DISCUSSION AND ACTION REGARDING RESOLUTION AUTHORIZING EPRAD-3, PFC (“PFC”) TO EXECUTE ANY AND ALL DOCUMENTS, OR TAKE ANY OTHER ACTION THAT IS NECESSARY OR DESIRABLE TO:

           1.  FACILITATE THE DEVELOPMENT OF THE CHARLES C. MOREHEAD APARTMENTS AND GEORGE W. BAINES APARTMENTS (COLLECTIVELY THE “PROJECT”), WHICH CONSISTS OF AFFORDABLE HOUSING UNITS AND ASSOCIATED AMENITIES TO BE REHABILITATED ON LAND GROUND-LEASED FROM THE HOUSING AUTHORITY OF THE CITY OF EL PASO (“HACEP”);

          2.  CAUSE THE PFC AND/OR EPR3 MOREHEAD-BAINES GP, LLC (THE “GENERAL PARTNER”) AND/OR EL PASO RAD IB, LTD., A TEXAS LIMITED PARTNERSHIP (THE “PARTNERSHIP”) TO EXECUTE:(i) THAT CERTAIN FIRST AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP (THE “PARTNERSHIP AGREEMENT”) OF THE PARTNERSHIP BY AND AMONG THE GENERAL PARTNER, AND AN AFFILIATE OF ALDEN CAPITAL PARTNERS, LLC (THE “INVESTOR”); (ii) THAT CERTAIN DEVELOPMENT AGREEMENT BY AND BETWEEN THE PARTNERSHIP AND EL PASO RAD IB DEVELOPER, LLC (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: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;

          4.  CAUSE THE PARTNERSHIP TO ENTER INTO DEVELOPMENT FINANCING FOR THE PROJECT;

          5.  CAUSE PFC, 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.         ADJOURNMENT.

 

THIS NOTICE HAS BEEN POSTED AT THE CENTRAL OFFICES OF EP RAD-3, PFC, 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.  

UPON REQUEST EP RAD-3, PFC 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 OPORTUNITY 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 EP RAD-3, PFC.

“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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