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<br />cost they are asking. Rents are down, property value is up; property has some drainage <br />issues as well. <br /> <br />With potential acquisitions in Louisville, how does LHA want us to proceed on future <br />purchases? How does the LHA board want to proceed? Need to establish how we want <br />to proceed? <br /> <br />Sheri said it would depend on the particular property, but she felt the Regal purchase was <br />a positive one. If site is too small, joint purchase would not be totally beneficial. <br /> <br />Frank indicated we should be on the same page and if a site becomes available, we'd <br />want to know where to go. <br /> <br />Bottom line, not adverse to considering options and possibility of joint venture options. <br /> <br />If BCHA finds a property, is able to purchase it, what role does LHA need to play in it? <br />Have an executive meeting to talk about purchase. If LHA has the funds, they would be <br />interested in purchasing; if not, then they would not keep BCHA from purchasing. <br /> <br />Heather to check on the Centennial units to see where they are at now. <br />Put this topic back on next month's agenda <br /> <br />Property M2mt/Section 8 <br /> <br />In packet, no issues. <br /> <br />Meeting adjourned at 10:20 a.m. <br /> <br />Next meeting at East Street, Sunnyside Community Room on October 3, 2006. <br />