<p> MINUTES OF A REGULAR AND PARTNERSHIP MEETING</p><p>OF THE BOARD OF DIRECTORS OF </p><p>EP RAD-3 PFC; EPR3 FATHER PINTO GP, LLC; EPR3 ROBINSON FOUR GP, LLC; </p><p>EPR3 MOREHEAD-BAINES GP, LLC; AND EPR3 RIO GRANDE THREE GP, LLC</p><p>WEDNESDAY, OCTOBER 28, 2015</p><p>Item # 1. Call To Order. The Chairperson called the meeting to order at 6:15 p.m.</p><p>Item # 2. Establishment of a Quorum.</p><p>PRESENT: Burt Blacksher, Presiding; Directors Eileen Karlsruher, Francisco Ortega, Anna</p><p>Perez and Lupita Licerio. Director Blacksher declared a quorum with all Directors present. </p><p>ALSO PRESENT: Gerald Cichon, Chief Executive Officer; Bob Blumenfeld, HACEP Attorney;</p><p>Arthur Provenghi, Corporate Attorney; Donna Clarke, Chief Operations Officer; Satish Bhaskar,</p><p>Chief Financial Officer; William Zeigler, Chief Human Resources Officer; Daniel Cantu, Chief</p><p>Information Technology Officer; Hector Montoya, HAC General Manager; Ed Gill, Director of</p><p>Construction; Roman Velasquez, Director of Housing Programs; Frank Cota, RAD Project Team</p><p>Lead; Juan Pulido, Procurement Manager; Danny Malone, Process Improvement Specialist; Dale</p><p>Goerner, Assistant Director of Construction; Sergio Enriquez, Public Information Officer; Oscar</p><p>Arriaga, Public Information Specialist; Patricia Quintanilla and Aracely Saenz, Executive</p><p>Secretaries.</p><p>1 Item # 3. Approval of Minutes of a Regular and Partnership Meeting Held on September</p><p>23, 2015. Director Licerio made a motion to approve item # 3. It was seconded by Director</p><p>Perez. Motion carried unanimously.</p><p>Item # 4. Discussion and Action to Approve the Formation and Organization of, or</p><p>Conversion of an Existing Unused LLC Into, EPR 3 RIO GRANDE THREE GP, LLC for the RAD Conversion of the Following Communities: (1) Rio Grande, (2) Graham, and (3)</p><p>Williams. Attorney Blumenfeld said that this meeting is a consolidated on a number of entities.</p><p>Under item # 4, we are requesting the Board’s authorization to convert an existing entity that we are not using and turn it into the Rio Grande Three GP, LLC. </p><p>Director Ortega made a motion to approve Resolution No. 006 under item # 4. It was seconded by Director Perez. Motion carried unanimously.</p><p>Item # 5. Discussion and Action to Rename EPR3 ROBINSON FOUR GP, LLC to EPR3</p><p>ROBINSON GP, LLC for the RAD Conversion of the Robinson Community. Attorney</p><p>Blumenfeld said that under item # 5, we are requesting authorization to rename Robinson 4 by removing the “4” from the name. </p><p>Director Karlsruher made a motion to approve Resolution No. 007 under item # 5. It was seconded by Director Licerio. Motion carried unanimously.</p><p>2 Item # 6. Discussion and Action to Approve the Formation of EP ROBINSON, LP as a</p><p>Partnership Between EPR3 Robinson GP, LLC as General Partner and Affordable</p><p>Housing Ventures, Inc. as Limited Partner. Attorney Blumenfeld said that under item # 6, we are requesting the approval of the creation of a partnership with Affordable Housing Ventures,</p><p>Inc. for financing purposes. </p><p>Director Ortega made a motion to approve Resolution No. 008 under item # 6. It was seconded by Director Perez. Motion carried unanimously.</p><p>Item # 7. Adjournment.</p><p>There being no further business to be discussed before the Board, Director Karlsruher made a motion to adjourn. It was seconded by Director Perez. Motion carried unanimously.</p><p>The meeting was adjourned at 6:22 p.m.</p><p>ATTEST:</p><p>______Gerald Cichon Burt Blacksher Secretary Chairperson</p><p>3</p>