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AGENDANRHA Commissioners’ MeetingApril 8, 2011 – 8:00 a.m.201 Granby StreetNorfolk, VA 23510I.APPROVAL OF MINUTES OF COMMISSIONERS’ MEETINGSMarch 23, 2010 Board of Commissioners’ MeetingII. REMARKSChief Executive Officer UpdateChairman of the Board CommentsCommissioners’ CommentsIII.DEVELOPMENT OPERATIONSNo ReportsIV. FINANCE AND ADMINISTRATIVE OPERATIONS1) FY2012 Budget Process – Expenditure TrendsPresented by Brenda BennBudget and Compliance DirectorV. HOUSING OPERATIONS1) Resolution Approving Norfolk Redevelopment and Housing Authority’s 2011Annual Plan for Public Assisted HousingPresented by John KownackChief Housing Reinvention Officer

Page 2AGENDANRHA Commissioners’ MeetingApril 8, 2011 – 8:00 a.m.201 Granby StreetNorfolk, VA 23510VI.NEW BUSINESSNoneVII.COMMITTEE MEETING NOTESNoneVIII. CLOSED MEETINGNoneOTHER NOTICESNext scheduled Board Meeting:Wednesday, April 27 @ 8:00 a.m.

March 23, 2011Page 1 of 8MINUTES OF MEETINGThe Commissioners of the Norfolk Redevelopment and HousingAuthority (the “Authority”) met in a regular monthlymeeting at Ruffner Middle School, 610 May Avenue, Norfolk,VA at 4:08 p.m. on Wednesday, March 23, 2011.The meeting was called to order by Chairman W. SheppardMiller, III. Upon roll call those present and those absentwere as follows:Present:Ms. Hattie AndersonMr. L. Robert LaytonMs. Barbara Hamm LeeMr. W. Sheppard Miller, IIIMr. Trevor RobinsonMr. Robert J. Soble (arrivedat 4:15 p.m.)Absent:Mr. F. Nash BilisolyAlso present were Shurl R. Montgomery, Secretary,Timothy A. Coyle, Attorney, and various staff members.I.Approval of Minutes of Commissioners’ MeetingThe Chairman presented the previously circulated minutes ofthe February 9, 2011 Board meeting. Upon motion of Mr.Layton, seconded by Ms. Anderson, the minutes wereunanimously approved with Ms. Anderson, Ms. Hamm Lee, Mr.Robinson, Mr. Layton and Chairman Miller all voting infavor.II. RemarksA.Chief Executive Officer ivities accomplished since the last Board meeting waspreviously circulated to the Board.Several items weresummarized and briefly discussed by Mr. Montgomery.

March 23, 2011Page 2 of 81.At the regular April Commissioners’ meeting, datacompiled by William & Mary on the Central Brambletonneighborhood will be presented.2.Staff will meet tomorrow to discuss the energyperformance contract and staff is prepared to present awork session for the Commissioners.3.On March 14, 2011, the Salvation Army and theCity held a joint meeting to present the design for the newKroc Center.The Salvation Army’s annual dinner will beheld on May 12th at the Waterside Marriott.B.Chairman of the Board Comments1.The Village Gardens Apartments dedication will beheld at 11:00 a.m. on March 31, 2011.The project islocated on 39th Street in the Lambert’s Point neighborhood.2. There will be a press conference this Friday, March25th,at2:00p.m.concerningthe 250,000ChoiceNeighborhoods Planning Grant awarded to NRHA.3. Commencement of demolition of Moton Circle willLocal and state electedbegin on April 27th at 11:00 tative from the Richmond HUD office.4.The Grandy Village Learning Center has receivedLEED Gold Certification, the first facility of this type inVirginia to receive that designation.5. The NRHA annual report has received a platinumaward from a worldwide organization of communicationsprofessionals.There were 4,400 submissions and staff isto be congratulated for such a fine performance.6.A comparative funding ed byAuthoritiesthewas7.The 2010 audit is included in the Commissioners’package.It was a clean audit with no findings ormanagement improvement suggestions from the auditors.

March 23, 2011Page 3 of 88.The Commissioners’ packages are now being sent bye-mail and hard copies are also being distributed.Commissioners should let staff know if they do not want toreceive either electronic or hard copies.9.There will be two Board of Commissioners meetingsin April. The one scheduled for April 7th will need to berescheduled (possibly for April 8th). The April 27th date isfirm.C.Commissioners’ Comments1.Ms. Hamm Lee will moderate a discussion abouturban revitalization on Sunday April 3rd at 4:30 p.m.,following the matinee performance of the play “Radio Golf”at the Wells Theater.2.Mr. Laytondeserve much creditorder and resultingGraves recognized Mr.stated that Ms. Graves and her stafffor keeping the finances of NRHA inin an audit with no findings.Ms.Roy Lohr who is Comptroller of NRHA.III. Development OperationsA.Central Brambleton, Park Place and BerkleyNeighborhood Plan AmendmentsMr. Jim Gehman advised that the Commissioners will beasked to consider amending the Conservation Plans for thesethree neighborhoods to change land use designations forparticular properties. Once approved by the Commissioners,the Planning Commission will consider the plan amendmentsand ultimately City Council will be asked to approve them.The Chairman stated that the City has instructed NRHA notto take any action in the Park Place neighborhood so a planamendment would not be appropriate for that neighborhoodand he will not support amending the plan until the Cityinstructs NRHA to resume activities in Park Place.Mr.Layton and Mr. Soble expressed agreement with the positionof the Chairman.

March 23, 2011Page 4 of 8.IV.Finance and Administrative Operations1)Previous Month’s ActivitiesThere were no questions from the Commissioners.2)FY2012 Budget Process and Revenue ProjectionsMs. Brenda Benn gave a PowerPoint presentation, acopy of which has been filed with these minutes.V. Housing Operations1)Briefing on 2011 Annual Plan Public HearingMr. John Kownack advised the Commissioners thatMs. Phyllis Armistead will give a PowerPoint presentationat the beginning of the public hearing.2)Resolution Authorizingthe Mission College ApartmentsPermanentFinancingforMr. John Kownack advised that the Resolution wasneeded because the lender providing permanent financing haschanged. After discussion, upon motion of Mr. Layton,seconded by Mr. Soble, the following Resolution wasunanimously approved by all six Commissioners in attendanceat the meeting:RESOLUTION NO. 9052Resolution Authorizing Permanent Financing for the MissionCollege Apartments and Related ActionWHEREAS, by Resolution adopted on February 12, 2007,the Board of Commissioners (the “Board”) of the NorfolkRedevelopment and Housing Authority (the “Authority”)authorized the participation of the Authority in a provement of Mission College Apartments (the “Facility”)located at 1300 Lead street, Norfolk, Virginia (the

March 23, 2011Page 5 of 8“Project”) and the creation of such limited liabilitycompanies, limited partnerships and other entities as maybe desirable to facilitate the use of low income housingtax credits under Section 42 of the Internal Revenue Code,as amended; andWHEREAS, by Resolution adopted on October 22, 2007,the Board approved (1) the transfer of the Facility toMission College I Limited Partnership, a Virginia limitedpartnership (the “partnership”), (2) the participation ofthe Authority in a Transfer of Physical Assets (“TPA”)process to effectuate such transfer, and (3) a loan offunds by the Authority to Mission College I LimitedPartnership in an amount sufficient, when combined with theequity contributions of a tax credit investor and the fundsprovided by the construction and permanent lenders, tocomplete the Project; andWHEREAS, by Resolution adopted on December 27, 2007,the Board approved, among other things, the execution ofdocuments to evidence the participation of Union Bank ofCalifornia (“Union Bank”) as construction lender for completed using construction financing provided by UnionBank and by the Authority as well as equity provided by thetax credit investor; andWHEREAS, CWCapital LLC (“CWCapital”) has offered toprovide permanent financing to the Partnership to besecured by a first lien on the Project under the DelegatedUnderwriting and Servicing (“DUS”) program of Fannie Mae;andWHEREAS, pursuant to the proposed Fannie Mae loan,CWCapital requires the participation of the Authority as“key principal” and a guaranty of payment for lossesrelated to exceptions to the non-recourse terms of theloan; ip with the permanent financing for the Project.NOW, THEREFORE, be it resolved by the Board ofCommissioners of the Norfolk Redevelopment and HousingAuthority as follows:

March 23, 2011Page 6 of 81.The participation of the Authority as “keyprincipal” in the permanent financing for the Project to beprovided by CWCapital under the DUS program of Fannie Maeis hereby approved.2.Shurl R. Montgomery, the Chief Executive Directorof the Authority, or his designee, is hereby authorized ledge and deliver to CWCapital, Fannie Mae, VHDA cates, deeds, instruments and other documents, inform and substance approved by counsel to the Authority, tate the financing of the Project in accordance withFannie Mae requirements, (2) to evidence the participationof CWCapital as permanent lender for the Project, (3) toenter into any agreements as may be necessary to secure thepermanent debt financing, including but not limited to aguaranty of certain payment obligations under the DUSprogram of Fannie Mae, and (4) to take such other actionand to sign such other documents as he may deem necessaryor desirable to carry out the intent of this Resolution.3.This Resolution shall be in effect from and afterthe date of its adoption.3)Resolution Authorizing the Application for theJob Access Reverse Commute (JARC) Grant and the New FreedomFunds (NFF) GrantMs. Donnell Brown summarized the two grants for whichNRHA is applying. Upon motion of Mr. Layton, seconded byMr. Soble, the following Resolution was unanimouslyapproved by all six Commissioners in attendance at themeeting:RESOLUTION NO. 9053Resolution Authorizing The Application For The FederalTransportation Administration Job Access Reverse Commute(JARC And The New Freedom FundsWHEREAS, NRHA will apply for a JARC grant in theamount of 624,000 to be used to assist residents inobtaining and maintaining suitable employment by continuingto provide reliable and consistent transportation;

March 23, 2011Page 7 of 8WHEREAS, NRHA will also apply for a New Freedom Fundsin the amount of 319,000 to be used to assist older anddisabled low income residents with transportation servicesbeyond those required by the ADA Act of 1990 that willimprove their quality of life;WHEREAS, the expenditures set out in the budget arecovered by the grant; andWHEREAS, NRHA has carefully reviewed the allowableexpenses in the JARC and New Freedom programs and supportapplication for capital and operational costs to continuesupporting transportation needs of working age, older anddisabled residents living in its assisted housingcommunities;NOW, THEREFORE, BE IT RESOLVED, that the ExecutiveDirector or his designee is hereby authorized to take orcause to be taken, on behalf of this Authority, suchactions as might be necessary in the application of the 5thround JARC funds for the Workforce DevelopmentTransportation Program and New Freedom for older anddisabled residents.VI. New BusinessNone.VII. Committee Meeting NotesNone.VIII. Closed MeetingNone.The Chairman reminded the Commissioners that thePublic Hearing on the NRHA Annual Plan for Public Housingwill begin at 6:30 p.m. this evening.

March 23, 2011Page 8 of 8.There being no furtheradjourned at 5:55 p.m.business,themeetingwasSecretaryChairman