HomeMy WebLinkAboutResolution 4791-06-2017 A Resolution
NO. 4791-06-2017
APPOINTING THE BOARD OF DIRECTORS OF THE FORT WORTH HOUSING
FINANCE CORPORATION
WHEREAS,the City Council of the City of Fort Worth created the Fort Worth Housing Finance
Corporation (the "Corporation') in 1979 pursuant to the Texas Housing Finance Corporation Act for the
purpose of financing the cost of residential ownership and development of single-family dwellings for
persons of low and moderate income;
WHEREAS, the Bylaws of the Corporation provide that the Corporation will be managed by a
board of directors(the 'Board ") consisting of nine(9)directors appointed by the City Council;
WHEREAS,the Bylaws of the Corporation provide that each director shall serve for two(2)years
or until his or her successor is appointed by the City Council;
WHEREAS,the City Council appointed District 3 Council Member W.B."Zim"Zimmerman and
District 2 Council Member Salvador Espino to the Board for a term expiring on July 1,2017 in Resolution
4482-06-2015;
WHEREAS, the Bylaws of the Corporation provide that in the event that a director shall also be
a member of the City Council,then the term of such director shall never exceed the period for which such
director is a member of the City Council;
WHEREAS, on May 16,2017,Brian Byrd was sworn into office as the City Council Member for
District 3;
WHEREAS,subsequent to a run-off election to be held on June 10,2017,the Member of the City
Council for District 2 will be sworn in on June 20,2017; and
WHEREAS, all of the terms of the Board of Directors will expire July 1, 2017, and the City
Council wishes to appoint members of the Board to serve two-year terms following expiration of the terms
of the current Board members;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
FORT WORTH,TEXAS:
1. THAT the newly elected member of the City Council, District 2, is hereby appointed to replace
Salvador Espino, and Brian Byrd is hereby appointed to replace W.B. "Zim" Zimmerman as
members of the Board of Directors of the Corporation for the remainder of the terms expiring July
1, 2017.
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2. THAT the persons whose names and addresses appear below are hereby appointed to the Board
to serve terms expiring on the dates set forth below:
Name Address Expiration of Term
Betsy Price 200 Texas Street, 76102 July 1, 2019
Member of the City Council,
District 2 200 Texas Street, 76102 July 1,2019
Brian Byrd 200 Texas Street, 76102 July 1, 2019
Cary Moon 200 Texas Street, 76102 July 1, 2019
Gyna M. Bivens 200 Texas Street, 76102 July 1, 2019
Jungus Jordan 200 Texas Street, 76102 July 1, 2019
Dennis Shingleton 200 Texas Street, 76102 July 1, 2019
Kelly Allen Gray 200 Texas Street, 76102 July 1, 2019
Ann Zadeh 200 Texas Street, 76102 July 1, 2019
Adopted this 6`h day of June,2017.
ATTEST:
By:
Vary' J. IsIr, City ecretary
FoRTAWTH