Regular meeting of the PHRC Board of Directors

28 November 2018, 7:00pm – 7:30pm

5300 East Paisano Drive
El Paso, TX 79905

Meeting Agenda

Regular meeting of the PHRC Board of Directors

November 28, 2018, 7:00 pm - 7:30 pm

5300 East Paiano Drive

El Paso, TX 79905

Meeting Agenda

Take notice that a regular joint meeting of the Board of Directors of Paisano Housing Redevelopment Corporation and EP RAD-3 PFC will be held at 5300 East Paisano Dr., El Paso, Texas 79905 Wednesday, November 28, 2018 immediately following the Regular Board Meeting of the Board of Directors of  EP Housing Operations and Management Enterprises PFC

To consider and possibly act on the following:

A.        Preliminary Items

1.        Call to order.

2.        Establishment of a quorum.

3.        Approval of minutes of a regular joint meeting of the Board of Directors of Paisano Housing Redevelopment Corporation and EP RAD-3, PFC that took place on September 26, 2018.

B.        Consent Agenda Items

           There are no consent agenda item scheduled for this meeting

C.        Regular Agenda:  Items Considered for Action

4.          Discussion and action by the Board of Directors of Paisano Housing Redevelopment Corporation regarding authorizing a loan to EP Sherman South II, LP for the development and rehabilitation of the Sherman South Apartments (“Sherman South”), and the Pooley Cottages Apartments (“Pooley”), and collectively with Sherman South, the (“Project”), and approving such other actions necessary or convenient to carry out this resolution.

5.           Discussion and action by the Board of Directors of Paisano Housing Redevelopment Corporation regarding resolution authorizing a loan to EP Eisenhower P3, LP for the development of the Eisenhower II Apartments (the “Project”), and approving such other actions necessary or convenient to carry out this resolution.

6.           Discussion and action by the Board of Directors of Paisano Housing Redevelopment Corporation regarding resolution authorizing the issuance of a gap loan to Affordable Housing Acquisitions for the remodeling and renovation (the “Project”) of 300 units at the Villa Alegre Apartments.

7.           Discussion and action by the Board of Directors of Paisano Housing Redevelopment Corporation regarding resolution authorizing a loan to EP DeWetter Two, LP for the development of the DeWetter and Kathy White Apartments (the “Project”), and approving such other actions necessary or convenient to carry out this resolution.

8.           Discussion and action by the Board of Directors of EP RAD-3 PFC (“PFC”) regarding resolution authorizing PFC to execute any and all documents, or take any other action, that is necessary or desirable to:

1.   Facilitate the development of the Sherman South Apartments (“Sherman South”) and the Pooley Cottages Apartments (“Pooley”), and collectively with Sherman South, the (“Project”), which consists of affordable housing units and associates amenities to be rehabilitated on land ground-leased from the Housing Authority of the City of El Paso (“HACEP”) to Sherman South II, LP (the “Partnership”);

2.   Cause the Partnership to increase the authorized development financing for the Project; and

3.   Cause PFC and/or the General Partner and/or the Partnership to execute any such further documentation as necessary or desirable to allow the consummation of the transactions.

9.           Discussion and action by the Board of Directors of EP RAD-3 PFC (“PFC”) regarding resolution authorizing PFC to execute any and all documents, or take any other action, that is necessary or desirable to: 

1.   Facilitate the development of the Eisenhower II Apartments the (“Project”), which consists of affordable housing units and associates amenities to be rehabilitated on land ground-leased from the Housing Authority of the City of El Paso (“HACEP”) to EP Eisenhower P3, the (“Partnership”);

2.   Cause PFC’s wholly owned, subsidiary limited liability company, EPR3 Eisenhower P3 GP, LLC (the “General Partner”) to execute an amended and restated agreement of limited partnership of the Partnership and other related documents, which provide the terms and conditions under which the Partnership will conduct its business, including but not limited to the development, rehabilitation and operation of the Project;

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

4.   Cause PFC and/or the General Partner and/or the Partnership to execute any such further documentation as necessary or desirable to allow the consummation of the transactions.

10.       Discussion and action by the Board of Directors of EP RAD-3, PFC (“PFC”) authorizing PFC to execute any and all documents, or take any other action, that is necessary or desirable to:

1.   Facilitate the development of the DeWetter Two Apartments (the “Project”), which consists of affordable housing units comprising the DeWetter and Kathy White apartments and associated amenities to be constructed on land ground-leased from the Housing Authority of the City of El Paso (“HACEP”) to EP DeWetter Two, LP (the “Partnership”);

2.   Cause PFC’s wholly owned, subsidiary limited liability company, EPR3 DeWetter Two GP, LLC (the “General Partner”) to execute an amended and restated agreement of limited partnership of the Partnership and other related documents, which provide the terms and conditions under which the Partnership will conduct its business, including but not limited to the development, rehabilitation and operation of the Project;

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

4.   Cause PFC and/or the General Partner and/or the Partnership to execute any such further documentation as necessary or desirable to allow the consummation of the transactions.

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

11.    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.