Local Government Environmental Facilities and Community Development Authority Board of Directors public meetings in 2023
12 substantive meetings from 2023, with official agendas or minutes and plain-English summaries.
Local Government Environmental Facilities and Community Development Authority Board of Directors
The Development Committee and Executive Committee of the Louisiana Community Development Authority will meet on December 14, 2023. They will discuss a waiver request from Woodland Biofuels, technical amendments for three projects (McNeese State University Student Union, Parc Fontaine Series 2012, and GMF Bellmont Apartment Homes Series 2015), and other business including a disposal resolution for depreciated fixed assets and 2024 meeting dates. No final approval requests are listed.
- Woodland Biofuels: request waiver of application requirement
- Technical amendment: McNeese State University / Cowboy Facilities, Inc. - Student Union Project
- Technical amendment: Parc Fontaine Project Series 2012
- Technical amendment: GMF Bellmont Apartment Homes Series 2015
- Disposal Resolution of Depreciated Fixed Assets
The Executive Committee approved a preliminary request and application waiver for Woodland Biofuels to seek up to $200 million in revenue bonds. The board also accepted several technical amendments for university and housing projects, as well as a new ADA compliance policy.
- Approved application waiver and preliminary request for Woodland Biofuels revenue bonds up to $200M
- Approved technical amendment for McNeese State University Student Union Project bonds up to $15M
- Approved sale and assignment of Parc Fontaine Project Series 2012 debt to The Mary Fund, Inc.
- Approved sale and assignment of GMF Bellmont Apartment Homes Series 2015 debt to The Mary Fund, Inc.
- Accepted Policy & Procedure Committee Report including ACT 393 ADA Compliance policy
- Accepted Budget & Personnel Committee Report including 2024 proposed budget and 5.1% staff salary increase
- Approved Disposal Resolution of Depreciated Fixed Assets for 2023
- Accepted November 30, 2023, budget report
Local Government Environmental Facilities and Community Development Authority Board of Directors
The Development Committee and Executive Committee of the Louisiana Community Development Authority are meeting on November 9, 2023. The only substantive item is a technical amendment request for the Nicholls State University Student Housing / NSU Facilities Corporation Project. Both committees will also consider routine matters such as minutes and financial reports.
- Technical amendment request for Nicholls State University Student Housing / NSU Facilities Corporation Project
- Approval of minutes from September 14, 2023 (Development Committee) and October 12, 2023 (Executive Committee)
- Financial and budget report for October 31, 2023 (Executive Committee)
- Executive Director’s Report (Executive Committee)
The Executive Committee approved a technical amendment for the Nicholls State University Student Housing project to increase the not-to-exceed interest rate to 7.50%. The board also accepted the October 2023 budget report and the Executive Director's report.
- Approved technical amendment for Nicholls State University Student Housing / NSU Facilities Corporation Project to increase not-to-exceed interest rate to 7.50%
- Accepted October 31, 2023, budget report
- Approved Executive Director's report
- Accepted minutes from October 12, 2023, meeting
Local Government Environmental Facilities and Community Development Authority Board of Directors
The Louisiana Community Development Authority Executive Committee and Board of Directors meet to consider final approval of the Kenilworth Science and Technology Academy Project Series 2023. The board will also review financials and budget reports, elect executive committee members, and hear from a guest speaker. No new project or technical amendment requests are listed.
- Final approval request for Kenilworth Science and Technology Academy Project, Series 2023
- Election of Executive Committee members
- Financials, Budget & 2022 Audit Report
- Presentation of Award
- Guest speaker: Warren Morris, LSU Baseball All-American & 1996 CWS Champion
The Executive Committee approved a final request for revenue bonds for the Kenilworth Science and Technology Academy Project. The board also accepted the September 30, 2023, budget report and the Executive Director's report.
- Approved final request for up to $29,500,000 in revenue bonds for Kenilworth Science and Technology Academy Project
- Accepted September 14, 2023, meeting minutes
- Accepted September 30, 2023, budget report
- Approved Executive Director's report
Local Government Environmental Facilities and Community Development Authority Board of Directors
The Development Committee will discuss technical amendments for two projects, while the Executive Committee will consider final approval of three bond issues totaling up to $602.8 million: the Ragin’ Cajun Facilities ULL Football Stadium project ($16.5M), the NB Affordable New Orleans Portfolio ($225M), and the East Baton Rouge Sewerage Commission projects ($361.325M). Other business includes approval of minutes, financial reports, officer signatures, and a nominating committee.
- Technical amendment requests for Langston Hughes Livingston Parish, Inc. Project, Series 2023
- Technical amendment requests for Kenilworth Science and Technology Academy Project
- Final approval: Ragin’ Cajun Facilities, Inc. – ULL Football Stadium Project, Series 2023 – NTE $16,500,000
- Final approval: NB Affordable New Orleans Portfolio Project, Series 2023 – NTE $225,000,000
- Final approval: East Baton Rouge Sewerage Commission Projects, Series 2023 – NTE $361,325,000
The Executive Committee granted final approval for three major bond projects totaling over $600 million. The board also approved technical amendments for two other projects and authorized officers to sign documents in the Executive Director's absence.
- Approved final request for East Baton Rouge Sewerage Commission bonds NTE $361,325,000
- Approved final request for NB Affordable New Orleans Portfolio Project bonds NTE $225,000,000
- Approved final request for Ragin’ Cajun Facilities ULL Football Stadium Project bonds NTE $16,500,000
- Approved technical amendment for Kenilworth Science and Technology Academy Project changing NTE to $29,500,000 and interest rate to 7.5%
- Approved technical amendment for Langston Hughes Livingston Parish, Inc. Project to change borrower name to LHAH Livingston LLC
- Approved waiver of rules for Ragin’ Cajun Facilities to obtain final approval before State Bond Commissions approval
- Approved officer signatures on documents in the absence of the Executive Director
- Accepted July 31, 2023, budget report
Local Government Environmental Facilities and Community Development Authority Board of Directors
The Development and Executive Committees will meet to discuss and potentially approve several new project requests, including a $40 million affordable housing project (Cypress Cove Apartments) and two other projects totaling $31.5 million. The Executive Committee will also consider a blighted property/overgrown lot program and receive a financial report.
- Hope Housing Foundation, Inc. – Cypress Cove Apartments Project, Series 2023 – NTE $40,000,000 (final approval request)
- Ragin’ Cajun Facilities, Inc. – Football Stadium Project, Series 2023 – NTE $16,500,000 (new project request)
- CDF Healthcare-CENLA, Inc. Projects, Series 2023 – NTE $15,000,000 (new project request)
- City of Baker School District Project, Series 2023 – NTE $6,200,000 (technical amendment request)
- Blighted Property / Overgrown Lot Program (other business)
The Executive Committee granted final approval for a $40 million residential rental project in Westwego. The board also accepted preliminary bond requests for healthcare and stadium projects and terminated its participation in a municipal overgrown lots program.
- Approved final request for NTE $40M in revenue bonds for Hope Housing Foundation, Inc. — Cypress Cove Apartments Project
- Accepted preliminary request for NTE $15M in revenue bonds for CDF Healthcare-CENLA, Inc. Projects
- Accepted preliminary request for NTE $16.5M in revenue bonds for Ragin’ Cajun Facilities, Inc. - Football Stadium Project
- Approved technical amendment to issue additional bonds NTE $6.2M for City of Baker School District Project
- Approved resolution to terminate participation in the Louisiana Municipal Advisory and Technical Services Bureau Municipal Overgrown Lots Program
- Accepted July 31, 2023, budget report
- Approved minutes from July 13, 2023, meeting
- Approved Executive Director’s report
Local Government Environmental Facilities and Community Development Authority Board of Directors
The Executive Committee is reviewing several new project requests and technical amendments. The meeting includes discussions on final approval requests for university and parish projects.
- East Baton Rouge Sewerage Commission Project, Series 2023 – NTE $361,325,000
- Kenilworth Science and Technology Academy Project, Series 2023 – NTE $32,000,000
- University of Louisiana Monroe Facilities, Inc. – Athletic Improvements Project, Series 2023 – NTE $6,000,000
- Langston Hughes Livingston Parish, Inc. Project, Series 2023 – NTE $20,000,000
- American Biocarbon CT, LLC. Project, Series 2023
The Executive Committee accepted preliminary bond requests for sewerage and education projects and approved technical amendments for housing and carbon projects. Final approvals were granted for athletic improvements at ULM and multifamily housing in Denham Springs, contingent on State Bond Commission approval.
- Approved preliminary request for East Baton Rouge Sewerage Commission bonds (NTE $361,325,000)
- Approved preliminary request for Kenilworth Science and Technology Academy revenue bonds (NTE $32,000,000)
- Approved technical amendment for American Biocarbon CT, LLC project
- Approved technical amendment for NB Affordable New Orleans Portfolio Project (increased to NTE $273,000,000)
- Approved final request for ULM Athletic Improvements Project (NTE $6,000,000) contingent on State Bond Commission approval
- Approved final request for Langston Hughes Livingston Parish, Inc. multifamily housing (NTE $20,000,000) contingent on State Bond Commission approval
- Accepted June 30, 2023, budget report
- Approved Executive Director's report
Local Government Environmental Facilities and Community Development Authority Board of Directors
The Development Committee and Executive Committee will review new project requests for the City of Crowley and Langston Hughes Livingston Parish, Inc. The Executive Committee will also consider a final approval request for the AC Lewis YMCA / South Foster YMCA project.
- City of Crowley Field Improvement Project, Series 2023 – NTE $6,000,000
- Langston Hughes Livingston Parish, Inc. Project, Series 2023 – NTE $20,000,000
- AC Lewis YMCA / South Foster YMCA, Series 2023 – NTE $15,500,000
The Executive Committee granted final approval for revenue bonds to fund a YMCA center and multi-family housing in Baton Rouge. The board also accepted preliminary requests for field improvements in Crowley and housing in Denham Springs.
- Approved final request for NTE $15,500,000 in revenue bonds for AC Lewis YMCA / South Foster YMCA, Inc. project
- Accepted preliminary request for NTE $6,000,000 in revenue bonds for City of Crowley Field Improvement Project
- Accepted preliminary request for NTE $20,000,000 in revenue bonds for Langston Hughes Livingston Parish, Inc. project
- Approved May 31, 2023, budget report
- Approved Executive Director's report
- Accepted minutes from May 11, 2023, meeting
Local Government Environmental Facilities and Community Development Authority Board of Directors
The Development Committee and Executive Committee of the Local Government Environmental Facilities and Community Development Authority Board will meet on May 11, 2023. They will consider new project requests including a $48 million Cypress West Apartments project and a $6 million University of Louisiana Monroe athletic improvements project. Also on the agenda are technical amendments for Jefferson Parish Projects and approval of minutes and financial reports.
- New project request: Cypress West Apartments, Series 2023 – NTE $48,000,000
- New project request: University of Louisiana Monroe Facilities, Inc. – Athletic Improvements Project, Series 2023 – NTE $6,000,000
- Technical amendment request: Jefferson Parish Projects, Series 2008 A&B
- Approval of minutes from April 13, 2023 (both committees)
- Financials and budget report as of April 30, 2023 (Executive Committee)
The Executive Committee accepted a preliminary request for athletic improvements at the University of Louisiana Monroe and a technical amendment for the Cypress West Apartments project. The board also approved the April 2023 budget report and the Executive Director's report.
- Approved April 13, 2023 meeting minutes
- Accepted April 30, 2023 budget report
- Accepted preliminary request for University of Louisiana Monroe athletic improvements bonds (NTE $6,000,000)
- Accepted technical amendment for Jefferson Parish Projects, Series 2008 A&B
- Accepted technical amendment for Cypress West Apartments bonds (NTE $48,000,000)
- Approved Executive Director's report
Local Government Environmental Facilities and Community Development Authority Board of Directors
The Development Committee and Executive Committee of the Local Government Environmental Facilities and Community Development Authority Board will meet on April 13, 2023. The main item is a new project request from NB Affordable Foundation, Inc. for a Series 2023 bond not to exceed $203 million. The Executive Committee will also receive financial reports and the 2022 audit report.
- NB Affordable Foundation, Inc., Series 2023 – NTE $203,000,000 (new project request)
- Approval of minutes from March 9, 2023
- Financials and Budget Report – March 31, 2023 (Executive Committee)
- MQB – 2022 Audit Report (Executive Committee)
- Policy and Procedure Committee Report (Executive Committee)
The Executive Committee accepted a preliminary request for revenue bonds to finance multifamily housing in New Orleans. The board also approved the March 2023 budget report, the 2022 annual audit, and updates to internal operating procedures.
- Accepted preliminary request for NTE $203,000,000 in revenue bonds for NB Affordable Foundation, Inc., Series 2023
- Approved March 31, 2023, budget report
- Accepted 2022 annual Audit Report
- Accepted Policy and Procedures Committee report regarding Internal Operating Procedures changes
- Approved Executive Director's report
- Approved minutes from March 9, 2023, meeting
Local Government Environmental Facilities and Community Development Authority Board of Directors
The Development Committee and Executive Committee will meet to consider new project requests, including up to $10 million for LA Tech University Parking and up to $15.5 million for the South Foster YMCA Project. The Executive Committee will also discuss a technical amendment for the Caddo-Bossier Parishes Port Commission Project, a resolution on LCDA furniture and equipment surplus disposition, and a resolution relating to LCDA legislation. Both committees will approve minutes from the previous meeting.
- New Project Request: LA Tech University Parking / Innovative Student Facilities, Inc. Project, Series 2023 – not to exceed $10,000,000
- New Project Request: South Foster YMCA Project, Series 2023 – not to exceed $15,500,000
- Technical Amendment Request: Caddo-Bossier Parishes Port Commission Project, Series 2023
- LCDA Furniture and Equipment Surplus Disposition Resolution
- Resolution relating to LCDA Legislation
The Executive Committee approved preliminary revenue bond requests for a university parking facility and a mixed-use YMCA development. The board also authorized the disposal of surplus equipment and accepted a resolution to clarify existing statutes.
- Accepted preliminary request for LA Tech University Parking/Innovative Student Facilities, Inc. Project revenue bonds (NTE $10,000,000)
- Accepted preliminary request for South Foster YMCA Project revenue bonds (NTE $15,500,000)
- Approved technical amendment for Caddo-Bossier Parishes Port Commission Project, Series 2023
- Approved Furniture and Equipment Surplus Disposition Resolution
- Accepted resolution to clarify provisions of existing LCDA legislation
- Accepted February 28, 2023, budget report
- Approved February 9, 2023, meeting minutes
- Approved Executive Director's report
Local Government Environmental Facilities and Community Development Authority Board of Directors
The Development Committee and Executive Committee will review new project requests and technical amendments. The Executive Committee will also consider final approval requests for several large-scale projects.
- Cypress West Apartments, Series 2023 – NTE $40,000,000
- Woman’s Hospital Foundation Project, Series 2015 technical amendment
- Caddo-Bossier Parishes Port Commission Project, Series 2023 – NTE $49,000,000
- Louisiana Utilities Restoration Corporation Project / ELL, Series 2023 – NTE $1,700,000,000
- Sisung Investment Management YE 2022 Investment Report
The Executive Committee approved several bond requests, including a major system restoration project for Entergy. The board also authorized funding for a port facility in Caddo-Bossier Parishes and a residential project in Westwego. Other actions included updating bank signatories and accepting a budget report.
- Approved $1.7 billion in system restoration bonds for Louisiana Utilities Restoration Corporation/ELL (unanimous)
- Approved up to $49 million in bonds for Caddo-Bossier Parishes Port Commission Project (unanimous)
- Accepted preliminary request for up to $40 million in revenue bonds for Cypress West Apartments (unanimous)
- Approved request to host a TEFRA hearing for Wisconsin Public Finance Authority (unanimous)
- Approved technical amendment for Woman’s Hospital Foundation Project Series 2015 (unanimous)
- Approved waiver of rules for Louisiana Utilities Restoration Corporation (unanimous)
- Approved Hancock Whitney Bank Signature Resolution for operating account (unanimous)
- Accepted January 31, 2023, budget report (unanimous)
Local Government Environmental Facilities and Community Development Authority Board of Directors
The Development Committee and Executive Committee will meet to review project requests and financial reports. Discussion includes the Jefferson Parish East Bank Animal Shelter Project and the City of Monroe Downtown Development Project.
- Jefferson Parish - East Bank Animal Shelter Project, Series 2023 technical amendment request
- City of Monroe Downtown Development Project, Series 2023 final approval request
- Financials and budget report for November and December 2022
The Executive Committee approved final bond funding for the City of Monroe's downtown development and a technical amendment for the Jefferson Parish East Bank Animal Shelter project. The board also approved the 2022-2024 audit engagement and budget reports.
- Approved final request for NTE $12,000,000 in bonds for City of Monroe Downtown Development Project
- Approved technical amendment to increase revenue bonds for Jefferson Parish East Bank Animal Shelter Project from $11,000,000 to $15,000,000
- Approved McElroy, Quirk & Burch audit engagement letter for 2022-2024
- Accepted November 30, 2022, and December 31, 2022, budget reports
- Approved December 8, 2022, meeting minutes
- Approved Executive Director's report