Transcript

0:00:21Thank you for joining us. A presentation in today's session may be shared by a participant in Zoom. Anyone watching in Zoom who needs or desires caption at that time should turn on captions in the zoom app and leave them on until the presentation is over. Commissioners, are you ready? Yeah, we are, thank you. Thank you. And we're recording. Good morning. Today is October 27th, 2026. This is a meeting of the Board of County Commissioners of Boulder County. And we have all three commissioners present this morning. We will start with an item to note for the record, and that is a resignation from the Netherland Eagle Path Public Improvement District Advisory Committee. We will now sit as the Board of Equalization for Boulder County, and we have one item on our consent agenda. 5L. Second. All in favor. Aye. We will now return to sitting as the Board of County Commissioners for our consent agenda, 6A through H. Over approval. Second. All in favor? Aye. And we will now turn to our discussion agenda, which is an appointment to the Netherland EcoPass Public Improvement District Advisory Committee. Thank you, Rock Clinton. Good morning, Madam Chair Commissioners.

1 Call to Order

2 9:30 a.m. Morning Session

3 Business Meeting

4 Items to Note for the Record

5 Board of Equalization Consent Items (Sitting as the Boulder County Board of Equalization)

5.a County Administrator's Office - Board of Equalization (BOE) Appeals 2026

6 Commissioners' Consent Items

7 Commissioners' Discussion Items

7.a Commissioners' Office - Appointment to the Nederland EcoPass Public Improvement District Advisory Committee

0:01:43Robin Valdez with a Commissioner's Office. And as a result of the Ressignation that you just noticed for the record, the Board of Trustees in the Town of Netherland voted to have Billy Gilvin, actually former mayor Gilben, to be as the town representative on the Netalin EcoPass. Advisory. Committee. It's a record, you don't need to say it again. Just for your consideration. Okay, thank you. And that's Giblin. So it's clear. Okay, any discussion of this appointment. I don't have any questions, Robin. Thank you. Move to a point Billy Giblin. Second. All in favor? Aye. Aye. Thank you. Thank you very much for managing that, Robin. We next will hear from Carlin Okyama on the Human Services Fund 2027 Awards. Good morning, Commissioners Carlin Okeyama, Investment and Contract Administrator Community Services Department. We are here to request the Boards Approval of the Human Services Fund 2027 Recommendation, which awards 1, 325, 818 dollars to 23 nonprofit organizations.

7.b Community Services - Human Services Fund 2027 Award Recommendations

0:03:01We also request authorization. Sorry, the mic is to execute funding agreement amendments and distribute funds in accordance with County Grant Pollat Program Policy 9. 02, along with approval to delegate signing authority to the County Administrator and or Department Head. The Human Services Fund administered by the Community Services Department for nearly two decades provides grants to nonprofit organizations delivering human services throughout Boulder County. This grant program focuses on basic needs and access to basic needs for historically underserved communities. For the 2027 cycle, we implemented a renewal only grant process for current 2026 grantees. All existing recipients were invited to apply during the July 6th through August 12th application window. No competitive evaluation was conducted. Applicants confirmed the consistency of their services and alignment with their 2026 agreements. This approach aligns with prior human services fund cycles with several other County Grant programs offering competitive opportunities, organizations seeking new funding head alternative options. This renewal process also supports continuity of essential basic needs services, which remain a high, which remain a high community priority. So again, we are requesting your approval of the 1, 325, 818 dollars to award to these grantees, authorization to amend the 2026 funding agreements and delegation of signing authority to the County Administrator and a Department Head. And my team and I are available for questions. Thank you, Carlyne. Commissioners questions. Great,

0:04:50thank you. Good morning, Carly. Thanks to you and your team. I don't have any questions. I went through the packet. I heard a couple piece that you just talked about that for me were just curiosities that were answered in the information in regards to what you talked about of the reopening of already existing contract relationship. That's not quite the right word, but kind of a renewal of versus the competitive process, which I believe that follows that direction and just understanding which policy you're using is great. There's a lot of work in there and a lot of great work being done by community partners. I don't have any questions about specific programs. Thank you. Thank you. Great. Did you have any questions? I don't have questions. I have comments. Well, I do have a question. And, you know, of course we did give direction to do renewal grants provided everybody was complying and doing the things they said they were going to do. Do we have any additional revenue that has come in or is the revenue amount flat? I'm just wondering whether if we're doing exactly the same dollar amount in total in grants, uh, whether we are ending up with some unallocated funds. It would be flat from the 2026 allocations that we awarded.

0:06:11The amount that we're granting out, my question is the revenue side of it. Or do you know whether we have additional revenue resulting from the HSSN tax? So this is not related to the HSSN tax. Which I'm sorry. Did I just totally blow it. What is this? Human Service is fund. Yeah. Through community services, HSN is a minister through the Human Services Department. Oh, okay. Yeah. All right. Okay. Then never mind. Thanks. Okay. We have no questions evidently. So we're ready for a motion. Yeah. Just my comments. I just didn't have questions. Um, I really appreciate all the work and the things that the community partners are doing. It just seems we're reviewing these grants one at a time, um, and we have grants for all of these different things. And I feel like the board needs to take some time to come up with an overall grant strategy to really target the most acute needs in the community and create a process and evaluation criteria that's like more rigorous across all of the different areas, which is a broad undertaking and not what you have been assigned this year. Don't get me wrong. Um, but I just, I feel like with where we are and the needs that we're seeing in our community and the scarcity of resources, I can't support, um, support, um,

0:07:31funding things in the way that we have been in the past. I think this calls for a change in our approach. And so I'll be voting now. Thank you. Okay. Um, then I suppose Commissioner Aleximanu might make a motion on 7B. Yeah. Thank you. What I'm, what's it before us is direction in regards to these particular recommendations. And I think Steph's done exactly what we asked and appreciate the information. I am happy to move for approval item 7B. Second, all in favor. Aye. And those opposed. Okay. So thank you very much, Carlene. And you are with us for 7C. And this is the worthy cause grants. Yes. Thank you again. Um, so for worthy cause we are requesting the board's approval of the worthy caused 2027 recommendations investing 4 million 421, 000 dollars 177 dollars in 15 cents. We also request authorization to execute funding agreements and distribute funds in accordance with County Grand Policy 9. 02 along with approval to delegate signing authority to the County Administrator. So where the cause is the cells and use tax, which is now in its 26th year with the initial measure approved in 2000. Community services department has administered this program for nearly a decade. The current fourth ballot measure extension approved in 2017 while sunset on December 31st, 2033. Worthy cause investments provide capital funding to

7.c Community Services - Worthy Cause 2027 Award Recommendations

0:09:06nonprofit human service agencies and housing authorities for land or building acquisition, construction, renovation and debt reduction. The 2027 funding cycle opened on June 24th included a question and answer session and closed on August 5th. A total of 23 applications were received requesting approximately 8. 1 million dollars. And eight member evaluation committee representing County staff with expertise in housing, early childhood, historically underserved communities, human services and mental and behavioral health reviewed the applications consistent with policy 1. 06 and policy 9. 02 racial equity was the highest weighted evaluation criteria comprising 24 percent of the total 100 points. The 15 award recommendations are allocated across the following. Affordable and permanent supportive housing. Childcare is 26 of the total award with four projects at 1. 1 million. And then human services is about 17 percent with four projects at 734, 000. So in summary, we request the board's approval of the full worthy cause 2027 funding recommendations, authorization for staff to execute all associated agreements and delegation of signing authority to the county administrator. Okay. Thank you, Carlene.

0:10:37Questions. Thank you, Carly. Appreciate it. I thought I had a question and then I just realized that it was in a different section than what was in my note. So I actually was just surprised myself. I'm like, Oh, I guess I don't have a question. Um, so thank you. I appreciate this. Worthy cause team. I continue to get questions throughout the year from people asking like, does this apply or does it not? So I just want to acknowledge that in that interim of when we see you with the recommendation stuff's been very responsive and I appreciate that. This is another example of one more, more need than, than we can supply on one tax, but also some great work that's being done. So I appreciate. I'm surprised I don't have any questions. So thank you.

0:11:20For my previous comments apply. Okay. Um, I did have one question and hopefully this one is not like completely wrong to ask at this time. Um, no, I noticed, so you said full funding was provided, except as noted. And I think the only one that I noted was Boulder Housing Partners, they requested a million for renovation in 750, 000, was approved. Um, that being the only one that took a haircut, could you just explain why that one and not others or, you know, yeah, just what that process was. Yeah. So we have available to award 4. 5 million dollars. And it was really about the math. So kind of looking at all the projects, we couldn't fully fund everybody's request. Again, available is 4. 5. We are requesting approval to award 4. 4 million. Um, so we just kind of looked at all the projects, all the request. And that was what the committee decided to recommend. Okay. I think what I was noting is just that there was only one that, you know, out of all of them that didn't get a full funding award and understand that there probably are always more applicants than we can fund, but I just wondered whether, you know, was it the amount requested relative to need relative to debt relative to something? It was more the amount

0:12:53requested versus available funds. Okay. All right. Um, yeah, just, I mean, I'm not going to, as a commissioner, I'm not going to say, okay, fully hunt them and don't fund somebody else. But, um, just want to make sure that we're applying some kind of objective criteria when we make those decisions. Uh, okay. So I think we are ready for a motion on 7C. I move approval for 7C. Second, all in favor. Aye. And opposed. No. All right. Thank you very much. And that now brings us. Brings me to having to go back to confirmation of executive session. Good morning, commissioners. Natalie Springet, commissioners, deputy for the record for item eight. I'm here to note that I'm here to confirm that executive session topics notice at the Board of County Commissioners, regular business meeting on October 20th, 2026. We're discussed as scheduled. And this is simply a note for the record. And Authorization for Executive Session.

8 Confirmation of Executive Session Topics

9 Authorizations for Executive Sessions

9.a Authorization for Executive Session

0:14:05Thank you, Commissioners. We will be noticing, um, I will be requesting six separate authorizations for executive session. Uh, the board does not have a regular business meeting scheduled for Tuesday next week due to County closure for general election. Um, and so for item 9a, I'm here to request authorization for the Board of County Commissioners to go into executive session on Wednesday, October 28th, 2026 at 1 p. m. pursuant to CRS 24 - 6 - 402 subsection 4B. Legal advice regarding the topic of, um, methodology for providing BOCC feedback to Director Reports and Executive staff. Move approval. Second. All in favor. Aye. Thank you. And for item 9 B, I'm here to request authorization for the Board of County Commissioners to go into executive session on Wednesday, October 28, 2026 at 1 p. m. pursuant to CRS - 24 - 6 - 402 subsection 4E. Instructions to negotiators to discuss negotiations on collective bargaining agreements with Boulder County employees union. Move approval. Second. All in favor.

9.b Authorization for Executive Session

0:15:14Aye. Thank you, Commissioners. And for item 9C, I'm here to request authorization for the Board of County Commissioners to go into executive session on Wednesday, October 28, 2026 at 1 p. m. pursuant to CRS - 24 - 6 - 402 subsection 4B Legal Advice regarding the topic of City of Long Mounts Urban Renewal Authority and Tax Increment Financing. Move approval. Second. All in favor. Aye. Thank you, Commissioners. And for item 9D, I'm here to request authorization for the Board of County Commissioners to go into executive session on Wednesday, October 28, 2026 at 1 p. m. pursuant to CRS - 24 - 402 subsection 4E. Instructions to negotiators regarding the topic of City of Longmonts Urban Renewal Authority and Tax Increment Financing. Move approval. Second. All in favor. Aye. Thank you, Commissioners. And for item 9 E, I'm here to request authorization for the Board of County Commissioners to go into executive session on Wednesday, November 4th, 2026 at 1 p. m. pursuant to CRS - 24 - 6 - 402 subsection for Blegal Advice regarding the topic of legal risk and guidance on Boulder counties, racial equity policies. Move approval? Second. All in favor. Aye.

9.c Authorization for Executive Session

9.d Authorization for Executive Session

9.e Authorization for Executive Session

0:16:32Thank you, Commissioners. And for item 9F, I'm here to request authorization for the Board of County Commissioners to go into executive session on Wednesday, November 4th, 2026 at 1 p. m. pursuant to CRS - 24 - 6 - 402 subsection for Blegal Advice regarding the topic of legal strategy related to possible regulation of air pollution from indoor appliances. Move approval. Second, all in favor. Aye. Aye. Aye. Thank you, Board. Okay, thank you. So that brings the Board of County Commissioners to the end of our business for the day. And so the Board of County Commissioners will adjourn. And the Board of Directors of the Boulder County Housing Authority will now sit and have our monthly meeting with our housing authority staff. So. Does anyone need a break while we bring additional people up. To this break? Okay. Just grab more coffee. They need a bad.

9.f Authorization for Executive Session

10 Public Hearing of the Boulder County Housing Authority (Sitting as the Boulder County Housing Authority Board of Directors)

0:17:47Jamie's. Running it. I really like the formatting in this packet. Can I call you? And I said, now I have. A... Or maybe. And they're like, okay. Well, after Commissioner Court. I've never heard anybody say it that way. It's kind of like kosher court. It is. Okay. I think we are ready to go ahead and start. So I will call to order the Boulder County Housing Authority Board of Directors for our monthly meeting. And we will start by hearing from Members of the Public if anybody has signed up to speak. I'll wait for a minute for Staff to let us know. We have no one who has signed up either in person or virtually. So we're ready to hear your executive director updates. Suzanne. Thank you, Commissioners. Thank you for being here with us this morning. Um. We will just get right started. Actually, um, Jeanne, if you can go up one side, I did just want to note for the record that we did have some changes in the schedule because of holidays. So we did put those in the packet. Of course, we worked that out.

0:19:16In advance with your staff, but I just wanted to make sure. We are all aware. Our dates are a little bit different the next couple of months. Thanks, Geneva. Um, as you know, I've submitted the MMO with a lot of different updates. I won't talk about any Eji and every one, but if there are any questions, happy to elaborate, uh, definitely a lot going on with will be corner, um, for phase two financing. Um, working with the city on fee waivers and U. S. tax exemptions, um, also working through our final capital contribution on willoughby phase one, which Sean will elaborate on later. Also noting the Boulder County Willoughby Corner Water Commitment. And I just wanted to give an update to the board. I am working with human services to identify, um, IDD Milley funds, uh, so that, that Boulder County Commitment would be reduced.

0:20:07Um, by what we're tracking at about 900, 000 dollars and county attorneys to ensure that the language matches, but we, all of that work is in process. Can I ask you a question about that quickly? Absolutely. So you're going to use some ID malevy money here instead of, um, BCHA money. Or Boulder County General Fund money. That was the direction we received. So to me, that would require that these units be a limited to IDD in perpetuity. Correct. So is that the case? Correct. So we're working on that language with chaffa. But yes, that is what the deed restriction will. Likely read the some flexibility language in there because of fair housing that we would have to put a line that says if we can't find somebody with an IDD limitation or designation, then we would have to open it up. We don't anticipate that being an issue ever at 32 units. That's a pretty small number. Um, but we have a finalized that language yet. And of course that would come back to the board. Okay. Thanks. Great question. If I excuse me, if I might ask a question Susana, good morning. Just to what I heard you say, it sounded like there's also going to be conversation with attorneys in regards to the ballot language, et cetera. So is that going to come

0:21:26back to this board meeting, like this type of a board meeting, or are you anticipating an executive session or waiting to hear from attorneys? Yeah. So we're still working through a staff. We will have to take that to the advisory committee if it is approved by attorneys and endorsed, of course, by, uh, the Human Services team. So we're still in the very early stages. I just wanted to know that we are working on it. But yes, it will come back before the, uh, Board of County Commissioners for final decision. Thank you. All right. I think let's go to the next slide, Geneva. Thank you. Uh, just wanted to know a couple of large conferences for, um, housing this month. We had the National Narrow Conference here in Denver. That conference rotates around the country. So it was nice to have it in Denver. We had a lot of staff go. We had staff utilizing scholarships.

0:22:14Um, staff volunteering. So they got free admission to the conference. So it was a really great event. Lots of good learning. This conference is really nice because it's a lot of concrete operations learning. Um, and also an opportunity for us to connect both on the local level as well as the national level. So lots of good things learned. We did send our development team coincidentally the conference was the exact same time as housing Colorado, which is a beloved conference here in Colorado. So just a little tricky scheduling, but we did send our development team up to housing Colorado this year. And they also attended on scholarship. So, uh, we are utilizing our resources as well as we can, when we can. But it was a good event. Lots of good stuff, shared. Uh, just a quick note, I did write about this in my memo, but we have official signage at the spoke on Kaufman.

0:23:03I think I might have mentioned several months ago with a move of the Irish Broadway campus does require us to have signage where people can find our offices easily. And so would that change. We had to move. So, um, we opted to move to what we're now calling our administrative offices at the spoke on Kaufman. We do anticipate next year actually having open office hours. I do believe we're probably the only housing authority in Colorado that does not have open office hours as a public housing authority. So as we're building on our admin team, Business Operations recently just promoted staff into a new role. Uh, the lead admin role. And so she's building out a team right now that we do think we'll be able to open at least, uh, week to the public. So it's really exciting for us. And why the signage is also important. So, um, years ago, I remember thinking we don't have a single sign showing where we are where somebody can find us. So personally for me is kind of a big deal. Um, and we worked really closely with public works. They did a really great job of connecting us with their vendors and really managing the project over the last several months. And next slide. Oh, that's not me. Let me make sure I got through everything.

0:24:15I wanted to talk about, I'm going to talk more about the HUD activities during our head update. We have Kelly Schulz is out of, uh, office for the next couple of weeks. So I'm just going to, um, update on some HUD activities. But I'll hand it over to Michelle for operations update. And Lesnar's questions. Sorry. Good morning commissioners. Michelle Alexander, Deputy Director of Boulder, Boulder County Housing Authority, Operational Updates, um, our entire operations team is always working behind the scenes and making sure that our benefits or our operations benefit our tenant experiences. And they put a lot of work into identifying new contractors for the season. So we are happy to say that we have two new snow contractors throughoutdoor living and legacy groundworks. Both are maybe webi businesses. And we're recruited through an outreach effort that we had. The in - house team will continue to do as no removal in Netherland, lions and our long mount portfolio to help offset our operational cost.

0:25:17We've also identified two new fire systems and elevator providers. The team continues to work through warranty follow - up items at willoughby, including tree removal and work on the geothermal system that wasn't properly flushed at the time. These may also be behind the scenes, but they really directly contribute to the resident satisfaction and sustainability. And then we have resonant engagement. This is a fun one for us and really brought everybody together. So Josephine Commons, the community really wanted an upgrade to their, um, their vegetable beds, flower beds. And so the staff has been applying for grants to make that happen. We have a vendor that has contributed their labor to make it happen. And then a, um, unidentifiable contributor that is paying for the rest of that. So it just really identifies everybody working together to make this upgrade happen. So hopefully we can do that in the spring and have a ribbon cutting and happy planters next year. The team continues to work with rent cafe. I think Sean will talk a little bit about that. But we have now a 500 of our tenants on ACH, which is a great improvement and only one month that that happened. And our occupancy rate, you can see here that we have fallen below our budgeted rate back up, Geneva. Thank you. Um, so the team

0:26:42continues to identify ways for us to increase leasing, identifying units that can be turned easily that have, uh, subsidy attached to them. The compliance team is working to help us. So we're trying everything that we can to get our number back above that line and back to where we were in January of this year. Next slide Geneva. Any questions on operations. Oh, thank you. No, I mean, I, I, you know, the occupancy rate is what it is when you're doing everything you can to get it up to our budgeted amount. Do you sense that this is related to this softening in the rental market in general? Absolutely. We keep watching it. And our largest vacancies are the 50 percent above that are really pacing with the market at this point. So every one of those units we're trying to identify why people don't want the unit. What can we do to make it more desirable?

0:27:48Do we need to look at what we're leasing it for? So we are trying to look at each and every one of those to try and pace with the market. But we don't have swimming pools and gyms and a lot of paperwork. Yeah. Um. I, you know, it's hard to know how long rents are going to stay where they are. Market rents, that is. But I guess I just, it notes or it reinforces for me what the housing needs assessment, both in Boulder County and across the state really show, which is that the greatest need is in the 30 percent AMI and below. And those are the hardest ones to build. We know. But we, um, I think that in a case that we really ought to target our rough, our, um, our efforts, the housing, the people that the market cannot house. We couldn't agree more. And we did hear that yesterday at an IDD meeting that we held at Willoughby. So everybody just coming together to figure out creative ways to make that happen. We are putting more deeply affordable, as you know, went to the next phase of Willoughby that we didn't have in the first phase. And larger units. So we are trying to find that niche. But as you said, it is hard to build for that financially in operationally.

0:29:12I'll throw in just a information that Sean and I learned, um, at an executive summit meeting we attended for Yardy. They were sharing a lot of different data. They actually used Denver as an example of the economist happens to be from Denver. So he had a great slide up and, uh, really just showed that the market Israelis often. And the economic reasons for that one of that he noted was the Iran conflict. And the gas prices and just those types of things really are actually impacting the affordable market as well. And that is across the board for, um, for - profit developers as well. I mean, that 60 percent red zone for Boulder County in particular. So we're tracking it closely on a meeting this morning, City Boulder Boulder. They're experiencing the same thing. DHA, same thing. So, um, yeah, it might be a couple more years is what we heard that we'll have to endure. So Tre's trying to get creative. And I think we've made some significant staffing changes recently by promoting some of our property managers into supervisor positions that we think will also help create some capacity. And we just closed our Michelle giving upside on this to you, but, um, we are hiring three additional property managers as well. We do think that the additional staffing should alleviate some of

0:30:21the maybe backlog that we're seeing. We're still getting applications. I think that's also a good sign. That's good. 23. Yeah. Yeah. I mean, it's just a reminder that, you know, people are always saying, Oh, Boulder housing prices, you know, they'll stick around long enough, you know, that that's just not always true. That's true. Uh, willoughby corner updates. Susanna gave some of that, but we did just want to say the BOCC's approval of the five point million greatly helps this project. And it's not every, it helps every phase. But to keep in mind that it does help reduce the home ownership by almost 45, 000 dollars a door. So we really appreciate that, that that cost won't be passed on to the homeowners and can continue to open the doors at around 400, 000. We are continuing to wait for our spa review. We did submit it on April 24th, which means we are at about 185 days waiting for comments from the city. We do expect that we will have. Hopefully all reviews done by the end of this week, but we are not positive on that. So it does continue to worry the team on the timing of the review process with the City of Lafayettes. Phase two A, we have already posted RFP and have PASA responses. And it was a great response

0:31:46to our pre - meeting and then all the questions that we've had followed up. So we're really excited. We hope that we'll get two passes in the IDD building. Hello, Sean talk a little bit about financing when he's up here. And then the unit tape, as I said, we are now in fees to be proposing six four bedroom units. This will be the first ever in our portfolio. So we are really excited about that. We're looking at what kind of funding can be attributed to that because of four bedroom unit could go for 3, 200 to 3, 700 dollars with no subsidy. For Kestrel, we continue to work with the teams. And we have scheduled a working session. We are confirmed for the 18th, I believe, with the board for further details on that project.

0:32:35Seward mobile home, we are meeting with the architect next week and the developer to start our conceptual designs on that one. And our continuing rodeo forward community engagements. And then we still have not had our final Penrose application. Helios application. And then Kite Route will provide an update on their project during the aget presentation. Any questions on willoughby, Kestrel Seward. I don't see anything. Thank you. Let me. Turn. It up. Just some quick HUD updates. We did submit our HUD annual plan as you know, it was a really long, robust project or that Kelly leads and does such a wonderful job. We had several public reviews, Board Action, um, we were officially, we had our confirmation receipt for October 20th. So that's great. Everything is sort of on pace and on time for that. Uh, just a quick update also on the next slide.

0:33:47Geneva Emergency Housing vouchers. We did report that we did get word from HUD that we were going to get emergency housing vouchers. That's great. So just a quick timeline of some things that happened on October 1st. We did receive that estimate confirmation from HUD. We were able to validate that. And now we will wait for December for our initial funding. On December 31st EHVs will officially sunset and transition over to TPVs. I did note on the side. The only thing we're not sure of is ongoing funding. So that is, um, likely going to depend on the HUD budget. We've yet to see or additional congressional action, which is how it was funded this time around. Happy to answer any questions. It should be a seamless transition for residents. They won't know the difference. There's no wait list involved. So it should just transition right over.

0:34:39Yeah. We're excited about that. Thank you. I can, uh, just stay on and do the staffing update as well. Like I know that we do have, um, three positions available for property managers. We received over 20 applications. Staff is currently going through the process with HR. And we'll likely be interviewing over the next couple of weeks. Um, and then we were, we did post a senior developer role, um, but we didn't, we had this weird thing happen. I'm sure this happens a lot in the county where they were either not qualified enough or overqualified. And so unfortunately the candidates that we were, that were down to finalists were overqualified and not willing to accept that hiring range salary. So working with HR, they, um, recommended that we actually close that out without hiring and repost it as a development director role, which is similar to like a division manager classification. So one role one up and that would get to the hiring range of what we were seeing from applicants who were considering the position.

0:35:47So we're going to try again basically. So you're going to post it at a higher salary rate. Correct. And we were working so hard to get your budget in balance. Um, what does that do to, to those plans? Yeah. So thankfully it does still fit into what we were budgeting for the position. It just didn't fit into HR's rules around equity of the position posting. And so they can't go over that hiring range, even though we are, it wasn't a budget issue, but they don't, they don't see it that way. It doesn't matter. So we still have to repost anyway. So no impact to our budget. It was already budgeted for, um, but unfortunately just the classification doesn't work out with the HR rules. Okay. But then there also, so you said development director is what, what it would be, you know, and then in terms of your organizational chart. And any potential issues with compression or I don't even know what, cause I don't have your organization chart in front of me. But we don't believe so because we don't have any other developers.

0:36:50So they would be essentially the only official developer. The other positions in our development team are like a construction manager that oversees all of our rehab projects and then an asset manager. So anybody actually has that title of developer. Okay. Great questions. And I think it's, uh, Sean's turn to talk all things finance. Good morning commissioners. Sean Dordy, the finance director for the housing authority. And I'm proud to report that we can finally provide you some financial statements because through since July 1st, we went live in Yardy. And it took us, you know, a couple months to get all of the previous trial balances in et cetera, et cetera. Um, so what you, what we've really been talking about over the summer is kind of the upcoming budget, but here you're seeing our actual financial results that are now important to Yarity. So, um, you can see through September, um, through Q3, um, it's a, it's a positive, uh, variance compared to budget. Um, you know, the, the highest contributors to, um, increased, uh, revenue are, we originally budgeted to acquire Aspen Wall, like in the middle of the year. And that process went very smoothly. I think because we'd learned so much from Josephine Commons, which took forever. And so I kind of said, well, it's going to be forever

0:38:26before we can pick up Aspen. Well, that happened towards the beginning of the year. So the primary reason for, you know, being a million dollars over budget in terms of rent is, um, is Aspenwall. We took him on early. Our other income, um, that, that, uh, that significant variance is mostly a result of SLP fees. We budget very little for SLP fees. And to the extent that circumstances arrive. And the attractive projects. That's where, um, that's where those funds have come in in 2026. Um, we've got a positive, uh, variance on payroll expenses. And that's primarily a result of a, and I've talked about it before, um, just tweaking the model to allocate more to the latex, um, is those latex can afford more. Other big, the utilities, I don't know why it's mostly water and electricity. You know, you do your best to budget at five percent. Negative variants there. Um, and I'm not even sure, I'm not even sure that's a hundred, well, no, no. Actually, I'm going to give just an example.

0:39:43I found her yesterday, like the, will it be corner, there are electricity like doubled, like over the course of the summer. And, um, Excel in the past has been a, Oh yeah, you know, our bad or something, the meteor is wrong. So, um, I'm not a hundred percent convinced that there's not something about the electricity portion of that, that might just be in the works to get resolved. But assuming the worst is just a lot more than budgeted. So you'll work on that and bring out working on that. Yeah. We'll call on Exile and check in the meters and all that stuff. Yeah, that's the staff was able to get ahold of Excel and it was a billing error. So it is being corrected. Oh, good. So maybe a little, that negative variance will shrink a little bit. Maintenance expense is very difficult. You never know how many math units you're going to get in a given year elevators that need servicing both very expensive things when they come up. But overall, um, as a result of the previous items, it's still a positive variance, unexpenses to the two and of about a half a million dollars. Very positive based on lower expenses, higher income, very positive operating income. Um, that below the line stuff.

0:40:58We've got, um, the operating subsidy from the county because that was last year in 2026, actually for this year. It was closer to 2. 1 million. Um, and so that's just, we just recognize that, um, each quarter as we go along. Um, and so the, the, it's very positive on a cash flow basis. However, in 2026 Cottonwood, which just became a, uh, a tremendously costly project, you know, for, for the mission, those are some of the most deeply affordable residents, some non - document of residents be. I know that we've all talked about that being a priority to do what we needed to do to retain those units there versus like throughout our hands and just sell it, you know, and so that's a, that's been a big, uh, cash use of, of BCHAs, you know, kind of liquidity. Bank account liquidity. We do have applications in for grants and things like that along those lines and rebates. And so we're hoping that that 773 negative that you see there, um, as the bottom line with 2. 7 million of that being attributable to Cottonwood, we're hoping that we'll be, you know, collecting funds along the way to kind of mitigate that cash usage from BCHA's bank account. Could I stop you there? Yes. Um, I, I think it would be prudent when we're on

0:42:33the record not to talk about the immigration status of people that are housed in specific locations. I also just wondered, I mean, I have no quarrel with how you've broken out and how you show the PNL here. But I am curious about the breakdown, um, between SLP fees and bank interest in that line. Just, you know, knowing one, maybe more recurring than the other, uh, you know, just sort of what that might look like year over year. And we do have, uh, as a part of the package, you've got a detail, you know, I didn't go deeper. Yeah. Like 200 line items. And you'll see bank fees and SLP fees and everything broke it out. Any other questions on the financials. If not, I can move to the next slide. Yarty. So Michelle had said that we, we went live for tenants on September 1st.

0:43:35And what that meant was the module, the rent cafe, which is really an inaccessible module, that tenants can use and go in and set up accounts, look at their accounts, look at their billings, um, eventually even place their work orders through there, correspond with property managers. We're just phasing in these different capabilities. But, um, to us, you know, all eyes were on like, okay, we need people in there. And ultimately we love people to be initiating their payments through there. Just makes things much easier than people send in checks and money orders. Um, and so, um, as of October, I don't know, mid - October, we had 1, 181 folks who had signed, who had gone into the portal and set up their accounts. What I don't have insight into yet, but I've got kind of like a question out there to our consultants is, um, what we only have a total of 1, 100 units - ish, right? And so, and that would surprise me very much if there was a unique, um, registered tenant for each unit. And so did discover that multiple people within the same household, they can go on and, uh, and sign them to, um, sign up in rent cafe. And so I didn't have clarity as how many unique units is that? Cause that's what's really important to

0:44:54me. Um, that's a question that's still outstanding. I just want it to be transparent about that. But that's a great number from my perspective, you know, for the first month. And again, as Michelle said, we're close to 500 people who made their payments electronically through Yarty in September. Um, you know, our goal is to have everyone do that, you know, eventually. And I know that the big push through that. I know the property managers have been, um, just heroic in their efforts to educate people, open door policies, open houses. And I think we'll continue doing that for literally months, you know, because I think that the message for, as far as the eye, I can see is that constant reminder, Hey, we've got this great capability for you to have more control over your, um, your, your account as a tenant with us. And, uh, induce all the favor and sign up and make things easier. Um, Sean, can I stop you on that too, please? Sorry. Uh, just, um, I, I'm all for really pushing for that electronic payment. It's great for bookkeeping. And maybe for convenience, but, um, I think you're aware, I believe state a lot does require that we continue to, uh, accept checks or other forms of payment. So we want to be careful about encouraging, uh, but also not

0:46:18discouraging or in any way making people feel like they cannot submit a check or some other form of payment. Yes. We, we, we're definitely very aware of that sensitivity for residents. Um, I would say, however, for landlords, you know, commercial entities, I guess bottom line is that we are going to a policy of if you want to get paid by us, it needs to be an electronic payment. And we're rolling that out. We've already, I think we've already invited them to go to the landlord portal. And we let them know that sometime in the future, it will be pure electronic for those landlords. I don't think there's any problem with this. Yes. Very good. Sorry for my voice. Not at all. Any other questions. All right. Thank you. Okay. Next slide Geneva, I think County Attorney said that as long as we had this notice, it was technically a notice of last week. And we are asking, we go into executive session today to discuss some governance, um, procedures that the county attorneys have recommended.

0:47:24We review with our housing authority commissioners. Okay. So we need a motion and the section is up in front of us on the screen. Pursuant to CRS 2464024 subsection B. I move we go into executive session for legal advice concerning review of Boulder County Housing Authority Governance. Second. All in favor. Aye. Okay. So we will be an executive session. And then when we have finished with executive session, we will come back on the record briefly to indicate that what we did. And then we will, uh, adjourn the meeting. I think this is the last item, right? Okay. Thank you. Pardon me? Oh, from yes. What you may not be anything. Commissioner Z, Ready? Yes. Thank you so much. Okay, we are back from our execute session and we did discuss the item that was noted that was noticed. And that's the last item on our agenda other than matters from the board. Are there any matters from the board before we adjourn. I don't have any matters. Thank you. I don't either. Thank you. I don't either. All right, thank you very much. And so we will adjourn, as the Boulder County Housing Authority, we've done our business.