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Louisville Housing Authority <br />LOUISVILLE HOUSING AUTHORITY <br />MINUTES <br />Tuesday, August 28, 2012 — 8:00 am <br />Lydia Morgan (1450 Lincoln Ave.) <br />Louisville, CO 80027 <br />To foster the availability of quality, affordable housingand related services for the residents of Louisville, using broad community resources. The lousing Authority of the <br />City of Louisville will accomplish its mission through: community collaboration, effective services and programs, professional organization, efficient resource management, <br />and the expansion offending sources. <br />Commissioners Present: Terri Abbott, Colleen Vandendriessche, Kelly Campbell, Ernie Villany <br />Staff Present: Frank Alexander, Director Boulder County Housing & Human Services; Shirley Holt, Housing <br />and Finance Manager; Willa Williford, Housing Director, Jeremy Durham, Boulder County Attorney, Geneva <br />Z. Bailey, Administrative Technician; Richard Sosa, Housing Finance Director <br />Others: Liz Black, Heather Balser, Deputy City Manager, City of Louisville; Amber Hunter, Attorney; Jay <br />Keany, Councilman City of Louisville; Aaron DeJong, Economic Development Director; Diane Evans, City of <br />Louisville; Michael Reis, Louisville citizen <br />Call to Order <br />The meeting was called to order at 8:00 a.m. <br />Approval of the Agenda <br />Ernie made the motion to rearrange agenda items until Amber Hunter's arrival. Colleen seconded the Motion. <br />Motion approved. <br />Colleen made the motion to approve the agenda. Kelly seconded the motion. Motion approved. <br />Matters from members of the public <br />Michael Reis spoke in opposition to the IGA. <br />Finance Update <br />a) August Financials <br />Richard talked about the operations and financial information as of. July 31, 2012 and included in the <br />packets. <br />LHA at the end of July, has a combined occupancy rate of 98 %. When we review our rental revenue, <br />the current period is 14% over budget. YTD 3% over budget. <br />Overall total operating revenues for the current period, year to date are tracking to our budget. When <br />we look at administrative expense for these two periods it is over budget by more than 100 %, primarily <br />Post Office Box 471 Boulder, Colorado 80307 (303) 441 -3929 <br />TDD Colorado Relay 1- 800 - 659 -2656 <br />2 <br />