CITY OF CONVERSE

CONVERSE PUBLIC FACILITY CORPORATION

BOARD OF DIRECTORS MEETING

FEBRUARY 20, 2007

9:35 PM

The Board of Directors of the Converse Public Facility Corporation conducted a meeting at the City Council Chambers at 402 South Seguin Street on Tuesday, February 20, 2007 at 9:35 PM to discuss the following. The following were present:

Mr. Craig Martin, President Ms. Gloria Weers, Secretary

Mr. Scott Jauregui, Member Mr. Al Suarez, Member

Mr. Jim Uballe, Member Mr. Sam Hughes, Executive Director

Ms. Laura Arens, Assistant City Manager Mr. Rick Jamison, Police Chief

Mr. Gene Baldwin, Fire/EMS Chief Mr. Jerry Wilson, Finance Director

Mr. Mark Luft, COC EDC Executive Director Mr. Ray Ortiz, City Attorney

Mr. James Plummer, Fulbright & Jaworski Mr. Mike Hogan, Project Developer

Ms. Penny Hieronymus, City Secretary

{Tape 2, Side B}

1. Call Meeting to Order

At approximately 10:14 AM, President Martin called the meeting to order.

2. Roll Call and Recognition of Visitors

President Martin asked the record to reflect the Board members and staff members that were present: (Board Members: Martin, Weers, Jauregui, Suarez and Uballe and staff members: Hughes, Arens, Jamison, Baldwin, Wilson, Luft and Hieronymus).

2. Discussion and Appropriate Action on a Request to Approve the Minutes for the Converse Public Facilities Corporation Meeting Conducted on October 3, 2006

Member Uballe made a motion to approve agenda item #3. Member Jauregui seconded the motion.

It passed unanimously to approve agenda item #3.

3. Public Hearing on a Proposal to Support the Town Square Apartment Project to Include Execution of All Documentation Necessary to Carry Out the Project, Authorizing the Purchase of Land, Authorizing the Lease of Such Land to Converse Town Square Apartments LTD, Authorizing the Acquisition of Membership Interest in Town Square Living LLC, and Authorizing Converse Public Facility Corporation to Serve as the General Contractor

At approximately 10:14 ½ PM, President Martin opened the Public Hearing.

There were no comments from the public.

At approximately 10:15 PM, President Martin closed the Public Hearing.

4. Discussion and Appropriate Action on a Request to Approve Converse Public Facilities Corporation Resolution #2; a Resolution Authorizing the Town Square Transaction Including the Execution of All Documentation Necessary to Carry Out the Transaction; Authorizing the Purchase of Land for the Transaction and the Lease of Such Land to Converse Town Square Apartments LTD; and Authorizing the Acquisition of the Membership Interest in Town Square Living LLC, and Authorizing Converse Public Facility Corporation to Serve as the General Contractor

Member Uballe a motion to approve agenda item #5. Member Suarez seconded the motion.

It passed unanimously to pass agenda item #5.

5. Adjournment

At approximately 10:15 PM, President Martin adjourned the meeting.

___________________________

President

ATTEST:

____________________________________

Secretary