Hello Directors,
Last Thursday, staff provided and published the August 14 board of directors meeting agenda and book. One item in the agenda includes a vote on a resolution providing the Executive Director the authority to negotiate and execute an office lease agreement. Current Strategic office lease space expires on October 31, and staff is not recommending an extension or renegotiation of that lease. Instead staff is recommending that the organization consider moving its offices and negotiate and execute a lease with one of two finalist options identified in our ongoing search.
The cover sheet and resolution did not go out with the board book on Thursday as President Wenig and I worked to craft a resolution that is both transparent and exemplary of a housing finance organization while also preserving our position in ongoing negotiations. The cover sheet and resolution are attached. Please review at your convenience.
Regards,
David Dinoff
Deputy Director
