HomeMy WebLinkAboutResolution 2826v
A Resolution
No ~~a~
AUTHORIZING THE MAYOR OF THE CITY OF FORT WORTH ("CITY") TO EXECUTE A
CERTIFICATE APPROVING THE ISSUANCE OF MULTIFAMILY HOUSING REVENUE
BONDS BY THE TRINITY RIVER PUBLIC FACILITY CORPORATION FOR OVERTON
PARK TOWNHOMES, 5501 OVERTON RIDGE BLVD.
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WHEREAS, the Trinity River Public Facility Corporation ("TRPFC") is a public non-profit
corporation created, iri part, to assist the Fort Worth Housing Authority m financing the
costs of acquiring, constructing and equipping replacement housing units for current
residents of Ripley Arnold Place and Ripley Arnold Addition, and
WHEREAS, TRPFC wishes to issue tax exempt multifamily housing revenue bonds ("Bonds") in
order to finance the acquisition, construction and equipping of a 216 unit multifamily
residential facility known as Overton Park Townhomes, to be located at 5501 Overton
Ridge Blvd. in the City and
WHEREAS, in order for such Bonds to be issued, Section 147(f)(2)(A) of the Internal Revenue Code
requires the prior approval of each governmental unit having jurisdiction over the area in
which the multifamily housing facility m question is located, and
WHEREAS, Section 147(f)(2)(B) of the Internal Revenue Code deems such a Bond issuance to be
approved by a governmental unit if the elected representative of the governmental unit
approves the Bond issue following a public hearing concerning the issuance and the
nature of the multifamily housing facility m question, and
WHEREAS, a public hearing concerning the Bond issue and the nature of the Overton Park
Townhomes has previously been held, as evidenced by the certificate attached hereto
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF FORT WORTH
That Mayor Kenneth Barr is hereby authorized to execute the attached Approval Certificate
evidencing approval by the City Council of the Bond issuance.
AND IT IS SO RESOLVED.
Adopted this 16th day of April, 2002.
i
ATTES ~•
By
Glona Pearso
City Secret
APPROVED
CITY COUNCIL.
APR 16 ~
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GitY of port Worth,l~a~as
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APPROVAL CERTIFICATE
The undersigned Mayor of the City of Fort Worth (the `City") hereby certifies m
connection with the issuance of Multifamily Housing Revenue Bonds (GNMA
Collateralized Mortgage Loan -Overton Park Townhomes Project) Series 2002 (the
`Bonds") by the Trinity River Public Facility Corporation (the `Issuer") as follows.
1 I am duly elected for a term ending May 2003 at an at large election
within the Crty and I am currently the incumbent and acting Mayor of the City Such
office is the chief elected office of the City
2. Issuer has represented that the Bonds will be issued for the public
purposes of financing costs of acquiring, constructing, and equipping a 216 unit
multifamily residential facility known as Overton Park Townhomes to be located at 5501
Overton Ridge Boulevard in the Crty of Fort Worth, Tarrant County Texas (the
`Project") It is anticipated in the plan of finance for the Project that the Bonds will be
delivered as Bonds the interest on which is excludable from the gross income of the
owners thereof for purposes of federal income taxation.
3 There has previously been conducted a public hearing, following
reasonable public notice, with respect to the issuance of the Bonds. The minutes of such
hearing are attached to this Certificate as Exhibit A.
4 This Certificate is provided to comply with the provisions of Section
147(f) of the Internal Revenue Code of 1986, as amended.
5 The Bonds are hereby approved.
IN WITNESS WHEREOF I have hereunder set my hand this " ~
Kenneth Barr
Mayor City of Fort Worth
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Exhibit A
CERTIFICATE AS TO PUBLIC HEARING
I hereby certify that the following are true and accurate minutes of a public heanng conducted
m connection with the issuance of `Tnmty River Pubhc Facility Corporation Multifamily Housing
Revenue Bonds (GNMA Collateralized Mortgage Loan Overton Park Townhomes Project) Serves
2002
The public heanng was held m accordance with published notice commencing at
5 30 p.m. on February 21 2002 at the Fort Worth Housing Authority Administrative
Office, 1201 East 131i' Street, Fort Worth, Texas 76102 and was conducted by
Antoinette Jackson of the law firm of Coats, Rose, Yale, Ryman & Lee, P C counsel
to Trinity River Public Facility Corporation. Upon opening the heanng, Ms. Jackson
explained the nature of the hearing and the purpose of the financing, including the
acquisition, construction and equipping a 216 unit multifamily residential facility
known as Overton Park Townhomes (the `Project") Ms. Jackson continued that the
required Notice for the Pubhc Hearing for the Project had been published m the Fort
Worth Star Telegram She invited any interested person to continent on the matters
to which the heanng applied. There being no one else wishing to make a comment,
Ms. Jackson closed the public heanng at 5 45 p.m.
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TRINITY RIVER PUBLIC FACILITY CORPORATION
By Coats, Rose, Yale, Ryman & Lee, P C
Counsel to Trinity River Pubhc Facility Corporation
By.
Antoinette Jackson
3984.3299836.1 JKUGLE