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RIGHT, GOOD.I'M CALLING THE MEETING TO ORDER.
[Dallas Housing Finance Corporation on July 21, 2022.]
AND I WOULD ASK, UH, MR. QUINTO TO, UM, DO THE ROLL CALL.ALRIGHT, PRESIDENT MARCY HALTON HERE.
DIRECTOR ELLIS, ARE YOU? HE WAS HERE.
UH, DIRECTOR CHRISTOPHER GARCIA HERE.
AND DIRECTOR PATTY COLLINS HERE.
UM, I'LL NOW CALL FOR ANY PUBLIC TESTIMONY ON ITEM FOUR, WHICH IS THE ITEM ON THE AGENDA.
I WILL PAUSE IN CASE ANYBODY'S ONLINE THAT, UH, WANTED TO MAKE A PUBLIC COMMENT.
NO PUBLIC TESTIMONY ON ITEM FOUR.
CONSIDER AND ADOPT SUPPLEMENTAL RESOLUTIONS AUTHORIZING THE EXECUTION AND DELIVERY OF DOCUMENTS WITH ANY INSTRUMENTS NECESSARY TO CARRY OUT THE FINANCING OF THE TERRACE AT SOUTHERN OAKS.
A MULTI-FAMILY RESIDENTIAL DEVELOPMENT LOCATED AT 3,300 SOUTHERN OAK PARK.
OKAY, WELL, UH, I'LL JUST, I'LL BE BRIEF ON THIS.
I, I THINK I LET EVERYBODY KNOW VIA, VIA EMAIL AND THE BOARD PACKET, WE HAD TO AMEND OUR RESOLUTIONS BECAUSE THE HOME AND CT FUNDS WERE NO LONGER GOING TO BE, UH, ABLE TO BE USED ON THIS PROJECT.
SO, UH, L D G I WOULD JUST WANT TO THANK THEM FOR THEIR COMMITMENT TO THIS PROJECT AND TO THE CITY.
THEY WERE ABLE TO INCREASE THEIR, UH, EQUITY, UH, PORTION TO THE PROJECT BY ALMOST $5 MILLION.
UH, THEY ALSO INCREASED THE, UH, CONSTRUCTION LOAN AMOUNT AND PERMANENT LOAN AMOUNT BY ALMOST 2 MILLION.
SO, UM, NOTHING ELSE ABOUT THE DEAL HAS CHANGED.
UH, NONE OF THE FINANCIAL, UM, NONE OF OUR ECONOMICS OF THE DEAL H S C HAVE CHANGED.
SO, UM, THIS IS JUST, UH, AUTHORIZING, UH, THE INCREASE IN THE EQUITY AND, AND DEBT AMOUNT, UH, FOR THE PROJECT.
SO, UM, WITH, WITH THAT, I'LL UH, TURN IT OVER TO MARCY IF SHE WANTS TO CALL FOR A MOTION.
UM, DOES SOMEONE WANNA MAKE A MOTION TO APPROVE THIS ITEM? I'LL MOVE TO APPROVE THE ITEM.
AND DO I HAVE A SECOND? IT WAS VERNON.
I'LL SECOND WHO, WHO DID THAT? SECOND.
IS THERE ANY DISCUSSION? UH, UH, ONLY QUESTION, IS THERE ANYTHING ELSE THAT MIGHT, CAN POP UP? UH, NO.
UH, WE'RE BASICALLY READY TO CLOSE.
WE WILL BE, I'M SIGNING ALL OF THE DOCUMENTS THIS AFTERNOON AND, UH, WE'LL BE READY TO CLOSE NEXT WEEK.
AND, UH, WE'RE, UH, VERY EXCITED TO, TO GET THIS DEAL DONE.
SO I APPRECIATE EVERYBODY, UH, TAKING TIME OUT OF, OUT OF YOUR DAY TO HAVE A SPECIAL CALL MEETING.
I FORGOT TO MENTION THAT WHEN I OPENED THIS UP.
AND THANK YOU, MARCY, FOR COMING INTO CITY HALL TO MAKE THIS HAPPEN.
UM, ANY OTHER QUESTIONS? NO QUESTIONS.
I HAD CONNECTION PROBLEMS, BUT I'M IN THE MEETING NOW.
WHAT WAS THAT? HE, HE'S CONNECTED NOW.
SO I'M JUST GONNA GO DOWN THE LIST TO VOTE YES OR NO.
UH, SECRETARY GARCIA? I VOTE YES.
UM, DIRECTOR, PAGE C MARTINEZ.
DIRECTOR PAGE VOTED YES, RIGHT? YES.
I, I'M ON, I HAD A PROBLEM GETTING ON, BUT YES, I VOTE YES.
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YES.