HomeMy WebLinkAboutResolution 1114r ,rte
TUESDAY, DECEMBER 17, 1985
Chapter III of the Fort Worth City Charter for the purpose of considering a resolution
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, consideration of a resolution 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 IV and V Project) and the execution of all instruments necessary to issue the
bonds, and consideration of a resolution 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. VI Project)
and the execution of all instruments necessary to issue the bonds, with the following
members and offices present, to wit:
All member present
Adopted Resolution No
1114 authorizing the
issuance of bonds by
the Trinity Housing.
Finance Corportion to
Briscoe Enterprises,
Ltd III Project
Mayor Bob Bolen, Mayor Pro tempore Bert C Williams, Council Members Louis
J Zapata, William N Garrison, Russell Lancaster, Kathy Wetherby, Richard C Newkirk,
James A Bagsby, and Estil Vance, Jr , City Manager Douglas Harman, City Attorney Wade
Adkins, City Secretary Ruth Alexander, with more than quorum present, at which time the
following business was transacted
Council Member Wetherby introduced a resolution and made a motion that it be
adopted. The motion was seconded by Mayor Pro tempore Williams The resolution was
read by the City Secretary The motion, carrying with it the adoption of said
resolution, prevailed by the following vote
AYES Mayor Bolen, Mayor Pro tempore Williams, Council Members
Zapata, Garrison, Wetherby, Bagsby, and Vance
NOES Council Members Newkirk and Lancaster
ABSENT None
ii , 1 1
Resol'ut•ion'"No' 1114
The resolution, as adopted, is as follows
RESOLUTION NO 1114
A RESOLUTION APPROVING THE ISSUANCE OF BONDS
BY THE TRINITY HOUSING FINANCE CORPORATION
:, 'I 9J
WHEREAS, the Trinity Housing Finance Corporation (the
"Issuer"), 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 $30,000,000 00 aggregate principal amount of its
Multi-Family Housing Revenue Bonds (Briscoe Enterprises, Ltd. III
Project) Series 1985 (the "Bonds") and to loan, or cause to be
loaned, the proceeds thereof to Briscoe Enterprises, Ltd. III, a
limited partnership formed under the laws of the State of Texas, to
provide construction and 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 pro-
viding 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
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 hearing
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 Governmental Unit, desires to approve the
issuance of the Bonds for the 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
f
TUESDAY, DECEMBER 17, 1985
with any state or federal agency, board or commission as may be re-
quired by any applicable state or federal laws, rules or
regulations
Darryl Wood representin Mr Darryl Wood, representing Briscoe Enterprises, Ltd., appeared before the
Briscoe Enterprises, City Council and advised the City Council that Briscoe Enterprises, Ltd , is
appeared and withdrew withdrawing from consideration the proposed resolution approving the resolutions of
from consideration a Trinity Housing Finance Corporation authorizing the issuance, sale and delivery of
resolution approving Trinity Housing Finance Corporation Multi-Family Housing Bonds (Briscoe Enterprises,
the resolution of Trinit Ltd., IV and V Project) and the execution of all instruments necessary to issue the
Housing Finance Corp bonds and the proposed resolution 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. VI Project) and the
execution of all instruments necessary to issue bonds
There being no further business, the City Council adjourned
Adjourned
CITY COUNCIL MEETING
JANUARY 7, 1986
Council met On the 7th day of January, A.D , 1986, the City Council of the City of Fort
Worth, Texas, met in regular session, with the following members and officers present,
to-wit
Eight members present Mayor Bob Bolen.; Mayor Pro tempore Bert C Williams, Council Members William
Zapata temporarily absen N Garrison, Russell Lancaster, Kathy Wetherby, Richard C Newkirk, James A Bagsby,
and Estil Vance, Jr , City Manager Douglas Harman; City Attorney Wade Adkins, City
Secretary Ruth Alexander; Council Member Louis J Zapata temporarily absent; with more
than a quorum present, at which the following business was transacted
invocation - Aughinbaugh The invocation was given by Mr Richard Aughinbaugh
Pledge of Allegiance The Pledge of Allegiance was recited
Approved minues of 12-17 On motion of Mayor Pro tempore Williams, seconded by Council Member Wetherby,
and 12-30
12-20 the minutes of the regular meeting of December 17, 1985, the recessed meeting of
, December 20, 1985; and the special meeting of December 30, 1985, were approved
Proclamation on Martin A proclamation on Martin Luther, King, Jr , holiday celebration was presented
Luther King to Mr Willie Heath, Jr , Chairman of the Martin Luther King, Jr , Committee
ACknowledged the Acknowledged the presence of Boy Scout Troops 12, 22 and 43 from United
presence of Boy Scout Methodist, Church of Christ and Latter Day Saints
Council Member Garrison nominated Mr Stan Wilson for membership on the Park
Appointed Mr Stan Wilso and Recreation Advisory Board and made a motion, seconded by Council Member Lancaster,
to the Park and Recrea- that Mr Wilson be appointed to Place 3 on the Park and Recreation Advisory Board for a
tion Advisory Board term of office expiring October 1, 1988, and, when the motion was put to a vote by the
Mayor, it prevailed unanimously
Council Member Lancaster introduced a resolution and made a motion that it be
Adopted Resolution No adopted The motion was seconded by Mayor Pro tempore Williams The resolution was
1115 regarding the Anti- read by the City Secretary The motion, carrying with it the adoption of said
Crime Legislation resolution, prevailed by the following vote
AYES Mayor Bolen; Mayor Pro tempore Williams; Council Members
Garrison, Lancaster, Wetherby, Vance, Newkirk, and Bagsby
NOES None
ABSENT Council Member Zapata
The resolution, as adopted, is as follows
RESOLUTION NO 111.5
Resolution No 1115
WHEREAS, in spite of the dedication and best efforts of our
law enforcement community, we find that the crime rate continues to
rise and that our Texas businesses and law abiding citizens
continue to needlessly suffer;
WHEREAS, the problems caused by crime and criminal acts being
visited upon our citizens is unacceptable and must be rectified,