HomeMy WebLinkAboutMinutes Corpus Christi Community Improvement Corporation/Loan Review Committee - 06/20/2012 CORPUS CHRISTI COMMUNITY IMPROVEMENT CORPORATI 6 N
LOAN REVIEW COMMITTEE
WEDNESDAY, July 11, 2012
12 NOON
MINUTES of
June 20, 2012 Meeting
STAFF PRESENT MEMBERS ABSENT
Hector G. Vallejo, NSD Program Manager Keith Parker
Isidoro Prado, Housing Administration Supervisor
MEMBERS PRESENT
Alice Vaughn
David Cantu
Jodi R. Steen
Barry Lobell
Maria Clarissa Lopez-Briseno
Call to Order
The first item on the agenda was to call the meeting to order. Alice Vaughn,
Chairperson, called the meeting to order at 12:00 p.m., in the 1st Floor Staff Conference
Room, 1201 Leopard St., City Hall.
Roll Call
The second item on the agenda was the roll call. Roll call was taken reflecting five (5)
members present, representing a quorum.
Approval of Minutes
Item number three on the agenda was to approve the minutes of the Jude 20, 2012
meeting. Motion was made by Mr. Cantu to approve the minutes as presented and
motion was seconded by Ms. Steen. Motion passed unanimously.
Rental Rehabilitation-Loan-Request
The fourth agenda item was a Preliminary Review of one(1) Rental Rehab litation Loan
Request:
Dudik. Francis - 2410 Capitan
This Rental Rehabilitation Loan Request was presented to the Loan Review
Committee by Mr. Prado to the Committee as a Preliminary Review of the application
and to provide guidance as to what Ms. Dudik needs to work on that wou I d
MINUTES of June 20, 2042 Meeting Cont'd
make this loan acceptable to the Committee. Staff informed the Committee of their
concerns and the Committee concurred.
After discussion, the Committee indicated issues with the:
1. Loan to value ratio
2. Extensive debt balances
3. Credit score too low
4. Foreclosure indicated on credit report on Las Vegas property
Recommendation of Vacant Positions
The fifth agenda item was the recommendations for vacant positions on the Loan
Review Committee.
Mr. Vallejo presented to the Committee the recommendations for the vacant positions
on the Loan Review Committee.
A motion was made by Mr. Cantu to approve the recommendations for the vacant
positions, and was made second by Ms. Steen.
Ad.o� urn
With no further business to discuss, a motion to adjourn was made by MrI Cantu and
second by Ms. Steen. Motion passed unanimously.
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