HomeMy WebLinkAboutResolution 1113A
TUESDAY, DECEMBER 17, 1985
particularly described by metes and bounds in City Council Minute Book C-3, Pages 26
and 27, and that due notice of the second public hearing was given by publication in
the Fort Worth Star-Telegram, the official newspaper of the City of Fort Worth, on
ecem eer 6-I9135-,7ayor Bolen asked if there was anyone present desiring to be heard.
ff-
There being no one present desiring to be heard in connection with
the annexation of approximately 84 064 acres of land in the Ashbrooke Park Addition,
Council Member Lancaster made a motion, seconded by Council Member Wetherby, that the
second public hearing be closed and that the administrative staff be authorized to
institute proceedings to annex the area to the City of Fort Worth, and, when the motion
was put to a vote by the Mayor, it prevailed unanimously
David Holiday appeared Mr David Holiday appeared regarding the political conditions in E1 Salvadore
regarding political and requested that the City of Fort Worth not respond favorable to the President of E1
conditions in E1 Salvadore's request for aid
Salvadore
Cathy Ogle appeared Ms Cathy Ogle appeared before the City Council regarding the political
regarding political conditions in E1 Salvadore and requested that the City of Fort Worth not furnish aid to
conditions in El Savado the President of E1 Salvadore
Annaunced flags are to Mayor Bolen announced that flags will fly at half mast in honor of the
fly at half mast for deceased service men in the 101st Airborne Division killed at Ganders, Newfoundland.
deceased servicemen in
101st Airborne Division It was the consensus of the City Council that the City Council recess until
1 30 P M , Friday, December 20, 1985
Recessed until 12-20-85
RECESSED CITY COUNCIL MEETING
DECEMBER 20, 1985
Council met On the 20th day of December, A D 1985, the City Council of the City of Fort
Worth, Texas, met in recessed City Council Meeting at 2 00 P M., with the following
members and officers present, to wit:
Seven members present Mayor Bob Bolen, Mayor Pro tempore Bert C Williams, Council Members Louis
Wetherby and Lancaster J Zapata, William N Garrison, Richard C Newkirk, James A Bagsby, and Estil Vance,
absent Jr , City Manager Douglas Harman, City Attorney Wade Adkins; City Secretary Ruth
Alexander, Council Members Russell Lancaster and Kathy Wetherby absent, with more than
a quorum present, at which time the following business was transacted
John Rubottom appeared Mr John Rubottom, representing McCall, Parkhurst, and Horton, appeared
regarding Resolution before the City Council and advised the City Council that the proposed resolution
No 1113 approving the resolutions of Trinity Housing Finance Corporation authorizing the
issuance, sale and delivery of $12,647,740 00 aggregate principal amount of Trinity
Housing Finance Corporation Multi-Family Housing Revenue Bonds (Total Facility
Management) Series 1985 (GNMA Mortgage-Backed Securities Program - Oak Grove Village)
need to be amended by changing the figure of $12,647,740 00 "not to exceed
$12,200,000 00" and'that the bank should be changed from Texas American Bank to M-Bank
Dallas
Adopted Resolution No Mayor Bolen introduced a resolution and made a motion that it be adopted
1113 authorizing the The motion was seconded by Mayor Pro tempore Williams The resolution was read by the
issuance of bonds by the City Secretary The motion, carrying with it the adoption of said resolution,
Trinity Housing prevailed by the following vote
Finance Corporation in
amount not to exceed AYES Mayor Bolen, Mayor Pro tempore Williams, Council Members
$12,200 00 to Oak Grove Garrison, Newkirk, Bagsby, and Vance
Village Associates, Ltd,
Inc NOES None
ABSENT Council Members Wetherby and Lancaster
The resolution, as adopted, is as follows
A RESOLUTION APPROVING THE ISSUANCE OF BONDS
Resolution No 1113 BY THE TRINITY HOUSING FINANCE CORPORATION, AS AMENDED
WHEREAS, the Trinity Housing Finance Corporation (the
"Issuer"), a public non-profit corporation organized pursuant to
the Texas Housing Finance Corporations Act, Vernon's Revised Civil
Statutes Annotated, article 12691 - 7, as amended (the "Act"),
proposes to issue its Multi-Family Housing Revenue Bonds (GNMA
Mortgage-Backed Securities Program--Oak Grove Village) Series 1985
(the "Bonds") in the aggregate principal amount not to exceed
$12,200,000 00 and to cause to be loaned, the proceeds thereof to
Oak Grove Village Associates, Ltd Inc , a limited partnership
formed under the laws of the State of Texas, to provide permanent
financing for a multi-family residential development (the
"Project") to be located within the boundaries of the City of Fort
Worth Texas (the "Local Governmental Unit") all for the public
purpose or purpose of providing decent, safe and sanitary housing
for residents of the local Governmental Unit at prices they can
afford, and
WHEREAS, on August 19, 1985, the Issuer, pursuant to a
public notice duly published on August 2, 1985, held a public
hearing regarding the issuance of the Bonds, which was intended to
SF
TUESDAY, DECEMBER 17, 1985
comply, and did comply, in all respects with the provisions of
Section 103 (k) (2) (B) and (E) of the Internal Revenue Code of
1954, as amended (the "Code"), and Section 215 of the Tax Equity
and Fiscal Responsibility Act of 1982 (TEFRA), which require that
the issuance of "industrial development bonds" (within the meaning
of Section 103 (b) of the Code) must be approved by the "elected
legislative body" of the governmental "unit" issuing the Bonds or
on whose behalf the Bonds are issued after a public following
reasonable public notice, and
WHEREAS, the Issuer is. a duly constituted authority and
an instrumentality of the Local Governmental Unit, within the
meaning of those terms as defined in the regulations of the
Department of the Treasury and the rulings of the Treasury and the
rulings of the Internal Revenue Service promulgated and prescribed
under the Code and
WHEREAS, the City Council, as the elected legislative
body of the Local Government Unit, desires to approve the issuance
of the Bonds for he purpose of Section 103 (k) (2) (b) of the Code
and Section 215 of TEFRA
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL, that
the issuance of the Bonds hereby is approved for the purposes of
Section 103 (k) (2) (B) of the Code and Section ,215 of TEFRA and
the Issuer hereby is authorized to file this Certificate in the
Transcript of Proceedings for the Bonds and to file a copy hereof
with any state of federal agency, board or commission as may be
required by any applicable state of federal laws, rules or
regulations
uth adoption of resolut
pproving the resolution.
f Trinity Housing
inance Corporation
uth the issuance, sale
nd delivery of Trinity
ousing Finance corp
ulti-Family Housing
onds
on Council Member Bagsby made a motion, seconded by Council Member Zapata, that
a resolution be adopted approving the resolutions of Trinity Housing Finance
Corporation authorizing the `issuance, sale and delivery of Trinity Housing Finance
Corporation Multi-Family Housing Bonds (Briscoe Enterprises, Ltd. III Project) and the
execution of all instruments necessary to issue the bonds, subject to the reapproval by
the Housing Finance Corporation at a meeting on or prior to December 31, 1985, and
subject to the approval in a form satisfactory to the Housing Finance Corporation by a
bond counsel, underwriters counsel, and the Board's financial advisor When the motion
was put to a vote by the Mayor, it prevailed unanimously
Guth adoption of resolut n Council Member Bagsby made a motion, seconded by Mayor Pro tempore Williams,
approving the resolution that a resolution be adopted approving the resolutions of Trinity Housing Finance
of Trinity Housing Corporation authorizing the issuance, sale and delivery of Trinity Housing Finance
Finance Corp auth the Corporation Multi-Family Housing Bonds (Briscoe Enterprises, Ltd. IV and V Projects)
issuance, sale and and the execution of all instruments necessary to issue the bonds subject to the
delivery of Trinity reapproval by the Housing Finance Corporation at a meeting on or prior to December 31,
lousing Finance Corp 1985, and subject to the approval in a form satisfactory to the Housing Finance
4ulti-Family Housing Corporation by a bond counsel, underwriters counsel, and the Board's financial
Bonds advisory When the motion was put to a vote by the Mayor, it prevailed unanimously
luth adoption of resolut Council Member Bagsby made a motion, seconded by Mayor Pro tempore Williams,
approving the resolution t%at a resolution be adopted approving the resolutions of Trinity Housing Finance
of Trinity Housing Finan Corporation authorizing the issuance, sale and delivery of Trinity Housing Finance
:orp auth the issuance, orporation Multi-Family Housing Bonds (Briscoe Enterprises, Ltd. VI Project) and the
sale, and delivery of execution of all instruments necessary to issue the bonds subject to the reapproval by
Trinity Housing Finance the Housing Finance Corporation at a meeting on or prior to December 31, 1985, and
;orp Multi-Family subject to the approval in a form satisfactory to the Housing Finance Corporation by a
lousing Bonds bond counsel, underwriters counsel, and the Board's financial advisor When the motion
was put to a vote by the Mayor, it prevailed unanimously
adjourned There being no further business, the City Council adjourned.
MAYOR
SPECIAL CITY COUNCIL MEETING
DECEMBER 30, 1985
ouncil met in On the 30th of December, A D 1985, the City Council of the City of Fort
pecial Session Worth, Texas, met in Special Session called by Mayor Bob Bolen pursuant to Section 5 of