Louisville Housing Authority Minutes 2007 09 25 DRAFT

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Lisa reviewed Lincoln Street and East Street financial statements and the capital replacements at all properties. Lisa reviewed the 2008 proposed budgets that were based upon the past 3 years expenditures. Concern from Jay Keany: Jay expressed concern that the move-in inspections may not have been documented with Marty Baker. Frank requested that to be referred to staff and that we have not been aware of that occurring. Move-in inspection forms were filed in the property files. One major item that is being reviewed for 2008 is more sustainable flooring options. Lisa stated that the management fees and proposed budget for 2008 were presented at the August meeting and any outstanding issues were clarified for September's meeting. Lisa requested to the board to submit any further questions or concerns at today's meeting in September and then the budgets could be approved at next month's meeting with a resolution. Lisa reviewed the proposed 2008 Management fees for the Louisville Housing Authority. The proposed fees are based solely on actual expenses for BCHA according to the HUD-approved cost allocation plan. For 2008 the Aging Services staff person is allocated to senior sites only. In 2007, the Aging Services staff person was allocated through the Admin line on the budget. As a result, the proposed fee for Regal Square increased, and the rest of the properties de 2 fees from LM tenant service fee and partnership fee are in place, but have not be p CHA. Those were paid up through 2003, but not since then. Staff will bring those ments for approval. They are included in the packet. The management fee for annot increase due to cash flow problems at the site. The finance partner will no onal costs. to prove management agreements and resolution to meeting. The management agreements are proposed for a 3-year ch year. The board was requested to email Lisa Bangs within 2 weeks regarding the budgets or the management agreements. The Management fee agreements include non-alloca. services delineated in the ts in th Boulder County in of support, IT su ug Human Resource in County pays for t BCHA staff will approve budgets term with a 3% i with any quest' Inclusionarv Zonin2:: The ordinance is tabled indefinitely for now until the details of cash in lieu and density bonus are revised. Jay Keany stated that the committee would like to work with Rick Brew, RMCS, to confirm there are no inconsistencies in the final draft of the IZ ordinance. Section 8: HCV Pro2:ram Report Frank presented the statistics for the LHA and BCHA vouchers in Lousiville. Currently, there are 80 families, 20 are Louisville vouchers. Frank updated the board regarding the status of the request for a Voluntary transfer of the Louisville HCV program into the BCHA HCV program. HUD has given approval for the transfer contingent on the requested changes to the Intergovernmental Agreement approved in April. The documents are waiting for final approval. In response to the concerns expressed by the LHA board and concurred by staff at the September