HomeMy WebLinkAboutResolution 4606-03-2016 A Resolution
NO. 4606-03-2016
APPROVING THE REMOVAL OF T.M. HIGGINS AND SUSAN ALANIS AS MA
NAGERS AND APPOINTING FERNANDO COSTA AND AUBREY THAGARD AS
MANAGERS OF THE VILLAS OF EASTWOOD TERRACE, LLC
WHEREAS, the City Council of the City of Fort Worth (the "City") created the
Fort Worth Housing Finance Corporation in 1979 pursuant to the Texas Housing Finance
Corporation Act to facilitate the development of decent, safe, and affordable quality
housing for low and moderate income City residents through lending and construction
activities; and
WHEREAS, the Fort Worth Housing Finance Corporation created the Villas of
Eastwood Terrace, LLC (the "Company") in 2001 for the purpose of developing, owning
and operating the Villas of Eastwood Terrace, a senior housing project located at 4700 E.
Berry Street, Fort Worth, Texas 76110 (the "Villas"); and
WHEREAS, the Company has since sold the Villas to the Housing Authority of
the City of Fort Worth; and
WHEREAS, the Company has retained certain mineral rights in the property located
at Lot 1, Block 1, Eastwood Terrace Addition, an Addition to the City of Fort Worth,
Tarrant County, Texas (the "Property") pursuant to the Special Warranty Deed recorded in
Document D213211659 of the Tarrant County Deed Records;
WHEREAS, the First Amended and Restated Regulations of the Company provide
that the business and property of the Company be managed by a Board of Managers which
shall be appointed by the City Council; and
WHEREAS, On January 25, 2011, the City Council adopted resolution 3963-01-
2011, which appointed T.M. Higgins, Susan Alanis, and Jesus J. Chapa as Managers of
the Villas of Eastwood Terrace, LLC; and
WHEREAS, due to the retirement of T.M. Higgins and recent departmental
reorganizations, the City Council desires to remove T.M. Higgins and Susan Alanis as
Managers and to appoint Fernando Costa and Aubrey Thagard as Managers.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF FORT WORTH, TEXAS:
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1. That T.M. Higgins and Susan Alanis are hereby removed as managers of the Villas of
Eastwood Terrace, LLC;
2. That the persons whose names, titles and addresses appear below are hereby appointed to the
Board of Managers of the Villas of Eastwood Terrace, LLC:
Name Title Address
Fernando Costa General Manager of the Fort Worth 1000 Throckmorton Street
Housing Finance Corporation and Fort Worth, Texas 76102
Assistant City Manager over the
Neighborhood Services Department
Aubrey Thagard Assistant General Manager of the Fort 1000 Throckmorton Street
Worth Housing Finance Corporation and Fort Worth, Texas 76102
Director of the Neighborhood Services
Department
3. That Jesus J. Chapa shall continue to serve on the Board of Managers of the Villas of
Eastwood Terrace, LLC.
Adopted this 22°d day of March, 2016. Aq*c0,
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By: aa��nX 4�a
Mary J. ser, City Secretary
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