Louisville Housing Authority Agenda and Packet 2010 01 26

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Solar panels have been installed at Acme Place and windows have been installed Hillside using ARRA funds. Frank thanked the BCHA staff for keeping the vacancy rate low and completing an incredibly strong year of management and maintenance of the LHA units. BCHA has begun implementation of the ARRA funds for homeless prevention. According to the Point in Time survey, BC has approximately 10% of the metro Denver homeless population. 2009 Audit and Engagement Letters Hiratsuka and Schmitt Ref: Resolution 2006 -13 Audit engagement letters were included in the packet for review and signature. The original resolution from 2006 was included and it was stated they are approved. In 2010 Boulder County will be bidding for new auditors and will include the LHA to get reduced pricing Monday and Tuesday auditors were in the Authority's offices and the auditors will be back out during the last week in January to finish the audit work. The auditors will attend either the February or March LHA meeting and present any findings. In 2006, signed a Hiratsuka and Schmidt signed a 1 year contract with option to renew for 3 years. 2010 Proposed Budget Lisa went over the 2010 proposed LHA, Lincoln Street and East Street budgets. The budget process was started in June 2009. Managers are involved in budget process and give their suggestions. The budgets follow the current year occupancy. There is a lower interest income across the board which is reflected in the operating budgets for all entities. Resolution 2009 -06 — Approval of 2010 Budget Terri motions to approve Resolution 2009 -06 and Scott seconds the motion. Approval of Resolution 2009 -06 passes unanimously. Property Management/Maintenance Report: Rent and Occupancy Update and Monthly Rental Vacancy Report The Property Management/Maintenance Report, Rent and Occupancy Update, and Monthly Rental Vacancy Reports are included in the board packet. Section 8: HCV Program Report Monthly statistics The Section 8: HCV Program Report Monthly statistics are included in the board packet. Discussion regarding Study Session with the Louisville City Council: The Board determined to work with Bonnie Star to seta City Council study session with the LHA to discuss the proposed transfer of the South Boulder Road property to Habitat for Humanity for the potential development of four units on the property. Sam Light, City Attorney, will complete his analysis for the LHA. Bonnie will work to set a study session in early January, so that Habitat can begin to proceed with the CU Architectural school in the spring 2010 semester. Matters from Members of the Board There are no matters from the members of the board Meeting adjourned at 9:32 a.m. Discussion of Agenda Items for next LHA board meeting: Regal Square Apartments, January 26, 2010. * *Any member of the Public may speak on any subject not related to the agenda. Anyone wishing to speak will have the opportunity to address the board. Please keep comments to a maximum of 5 minutes.