Kentucky Housing Corporation Board of Directors to Meet

I.

Call to Order

William E. Summers, V

Chairman

A.  Confirmation of Quorum

B.  Confirmation of Press Notice

C.  Public Participation (Public may raise issues not already on the agenda; limited to five minutes per speaker.)

II.

Consideration/Approval of Minutes of the Meeting held October 22, 2009 (Motion)

Chairman Summers

III.

Report of Action by Executive Committee at Meeting of December 3, 2009

Chairman Summers

Richard L. McQuady

IV.

In Appreciation for 30 Years of Service

Consideration of Resolution No. 61, Series of 2009 (Motion)

A RESOLUTION RECOGNIZING FAYE O’DELL FOR HER 30 YEARS OF SERVICE AND DEDICATION TO KENTUCKY HOUSING CORPORATION IN HELPING IMPROVE THE QUALITY OF LIFE FOR KENTUCKIANS THROUGH AFFORDABLE HOUSING.

Richard L. McQuady

V.

Finance Report

A.  Report of Budgeted Versus Actual Operating Fee Income and Expenditures for the Three Months-Ended September 30, 2009

Derek VanMeter

B.  Presentation of Kentucky Housing Corporation’s September 30, 2009 Financial Statements

John D. Herald

C. Presentation of Kentucky Housing Corporation’s Participation in Housing Finance Agency New Issue Bond Purchase Program

John D. Herald

VI.

Authorization to Increase the Personal Service Contract Amount with Middleton Reutlinger for Outside Legal Services

Consideration of Resolution No. 62, Series of 2009 (Motion)

A RESOLUTION AUTHORIZING STAFF TO INCREASE THE AMOUNT OF THE PERSONAL SERVICE CONTRACT WITH MIDDLETON REUTLINGER FOR OUTSIDE LEGAL SERVICES.

Lisa Beran

VII.

Authorization to Increase the Personal Service Contract with Default Mitigation Management LLC

Consideration of Resolution No. 63, Series of 2009 (Motion)

A RESOLUTION AUTHORIZING STAFF TO INCREASE THE AMOUNT OF THE PERSONAL SERVICE CONTRACT WITH DEFAULT MITIGATION MANAGEMENT LLC FOR LOSS MITIGATION SERVICES FOR FISCAL YEAR 2010.

Nancy Myers

VIII.

Authorization to Increase the Contract with Reliant Asset Preservation Company II, Inc.

Consideration of Resolution No. 64, Series of 2009 (Motion)

A RESOLUTION AUTHORIZING STAFF TO INCREASE THE AMOUNT OF THE CONTRACT WITH RELIANT ASSET PRESERVATION COMPANY II, INC., FOR PROPERTY PRESERVATION AND INSPECTION SERVICES FOR FISCAL YEAR 2010.

Nancy Myers

IX.

Authorization to Increase the Personal Service Contract with Stierle and Stierle, Attorneys-at-Law

Consideration of Resolution No. 65, Series of 2009 (Motion)

A RESOLUTION AUTHORIZING STAFF TO INCREASE THE AMOUNT OF THE PERSONAL SERVICE CONTRACT WITH STIERLE AND STIERLE, ATTORNEYS-AT-LAW, FOR LEGAL REPRESENTATION IN FORECLOSURE AND BANKRUPTCY PROCEEDINGS AND OTHER LITIGATION FOR FISCAL YEAR 2010.

Nancy Myers

X.

Authorization to Increase the Contract with Safeguard Properties, LLC

Consideration of Resolution No. 66, Series of 2009 (Motion)

A RESOLUTION AUTHORIZING STAFF TO INCREASE THE AMOUNT OF THE CONTRACT WITH SAFEGUARD PROPERTIES, LLC, FOR PROPERTY PRESERVATION AND INSPECTION SERVICES FOR FISCAL YEAR 2010.

Nancy Myers

XI.

2010 Board Meeting Schedule

Consideration of Resolution No. 67, Series of 2009 (Motion)

A RESOLUTION DESIGNATING THE DATES FOR 2010 BOARD OF DIRECTORS REGULAR MEETINGS.

Lisa Beran

XII.

Informational Items

A.  Chief Officers’ Expenses for October 2009

Nancy Myers

B.  TCAP and Exchange Programs

Mark Offerman

C.  Security Analysis Contract

Rob Ellis

D.  SEMAP Score

Richard L. McQuady

XIII.

Items from the Board or Staff (not on the agenda)

XIV.

Adjournment (Motion)

Chairman Summers