HOUSING FINANCE AUTHORITY OF LEE COUNTY, FLORIDA - Minutes of Regular Meeting - February 15, 2024

Sep 15, 2026

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Minutes document the February 15, 2024 4:03 p.m. regular meeting of the Housing Finance Authority of Lee County, Florida. The chairman called the roll, reported attendance and remote appearances, and opened the floor for public comment without any speakers. The authority approved prior minutes from January 18, 2024; considered and approved bond documents and adopted Resolution 24-03 for the Multifamily Mortgage Revenue Note, Series 2024, and approved related engagement and custody matters.

LanguageEnglish

CategoryLetters

FormatPDF

Pages6

Reading Time2 min

AccessFree to download

Minutes of Regular Meeting

Roll call and public comment

Approval of prior minutes

Approval of bond documents and Resolution 24-03

Engagement letter and bookkeeping services

Interlocal and program-related matters

Custody agreement update

Investment officer consideration

# HOUSING FINANCE AUTHORITY OF LEE COUNTY,FLORIDA MINUTES OF REGULAR MEETING February 15,2024 4:03 p.m. On Thursday,February 15,2024,at 4:03 p.m.in the offices of The Nunez LawFirm,3610 Broadway,Fort Myers,Florida,E.Walter Barletta,Chairman of the Housing FinanceAuthority of Lee County,Florida (the "Authority"),called the meeting to order. Immediately thereafter,the Chairman called for a roll call of the members.PhilipBurnett,Esq.,counsel for the Authority,called the roll.E.Walter Barletta,Walter Ferguson,Virginia Yates,and P.Michael Villalobos were present at the meeting and Kirk Frohme appearedby phone.Also appearing by phone were Don Peterson and Tim Wranovix with Raymond Jamesand Associates,Inc.("Raymond James"),the Authority's managing underwriter,Braxton Parsonswith Hilltop Securities,Inc.("Hilltop Securities”),the Authority's Financial Advisor,MarkMustian,Esq.and Alex Fischer,Esq.with Nabors,Giblin &Nickerson,P.A.,the Authority's BondCounsel,Scott Schuhle with U.S.Bank Trust National Association("U.S.Bank"),the Trustee onthe majority of the Authority's bond offerings,Helen Feinberg,Chandler Luger and Cameron Hillwith RBC Capital Markets("RBC"),a co-managing underwriter,and Tracy Senf with McCormackBaron Salazar,Inc.,developer of the 3611/3621 Cleveland Avenue Project The Chairman then opened the floor for public comment.No members of the publicwere present at the meeting.Accordingly,no public comment was made.Thereafter,theChairman closed the opportunity for public comment. The Chairman then suggested that the Authority address the approval of theAuthority's Minutes for its prior meeting.Thereafter,on motion duly made by Mr.Ferguson andseconded by Ms.Yates,the members of the Authority unanimously approved the minutes of theAuthority's January 18,2024,regular meeting. The Chairman then addressed the Authority's consideration of Item V on theAuthority's Agenda,i.e.,consider,discuss,and vote on any and all issues relating to the bonddocuments,approval of same and adoption of a Resolution approving same for the Authority'sissuance of its Multifamily Mortgage Revenue Note,Series 2024 (Southward Village CNI/Phase 1),in the aggregate principal amount of not to exceed of $24,000,000 for the 92 Unit 3611/3621Cleveland Avenue Project located at 3611 and 3612 Cleveland Avenue,Fort Myers,FL 33901.The Chairman recognized all of the Authority's Professional Staff concerning this matter.He then 1 asked what open issues need to be resolved before the transaction can close?The members of theAuthority's Professional Staff said that there were some minor issues to be resolved but that thetransaction is in pretty good shape to close and that is the reason that the Authority is being askedto approve the proposed bond documents and adopt a Resolution approving same for theAuthority's issuance of not to exceed of $24,000,000 of the above-mentioned bonds.After a briefdiscussion,on a motion duly made by Mr.Villalobos and seconded by Ms.Yates,the members ofthe Authority unanimously approved the bond documents and adopted Resolution 24-03approving the bond documents and approving the issuance of the bonds. The Chairman then addressed the Authority's consideration of Item VI on theAuthority's Agenda,i.e.,consider,discuss,and approve the Markham Norton Mosteller Wright &Company,P.A.Engagement Letter dated 12/1/23(“Engagement Letter"”),for bookkeepingservices for FYE 9/30/24.Immediately thereafter,on a motion duly made by Mr.Frohme andseconded by Mr.Villalobos,the members of the Authority approved the Engagement Letter andauthorized the Chairman to execute it on behalf of the Authority. The Chairman next suggested that the members consider Item VII on theAuthority's Agenda,i.e.,consider,discuss,and vote on such agreements,resolutions,authorizations,funding,Interlocal Agreements,documents,and related matters as are necessaryfor the Authority to proceed with or amend its Own a Home Opportunity Program("OAHOPProgram”)with Raymo

FAQs

Who called the February 15, 2024 meeting to order and when?

E. Walter Barletta, Chairman, called the meeting to order on Thursday, February 15, 2024 at 4:03 p.m.

Was there any public comment during the meeting?

No. No members of the public were present, and the chairman closed the public comment opportunity without comment being made.

What approvals were made regarding the bond issuance?

The authority approved the bond documents and adopted Resolution 24-03 approving the bond documents and the issuance of Multifamily Mortgage Revenue Note, Series 2024 (Southward Village CNI/Phase 1) in an amount not to exceed $24,000,000.

Sep 15, 2026

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