HomeMy WebLinkAboutResolution 3963-01-2011A Resolution
NO. 3963 -01 -2011
APPOINTING MANAGERS
FOR 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,
and
WHEREAS, in order to further its public purpose for the benefit of the City, the Fort Worth
Housing Finance Corporation, the sole member of the Company, issued its tax - exempt bonds in the
amount of $9,660,000.00 in 2002 and lent the proceeds thereof to the Company for the purpose of
financing the project , and
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.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
FORT WORTH, TEXAS:
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
Addrec,,
T. M. Higgins General Manager of the 1000 Throckmorton Street,
Fort Worth Housing Fort Worth, Texas 76102
Finance Corporation and
Interim City Manager of the
City of Fort Worth
ORT W0t1
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Resolution No. 3963 -01 -2011
Susan Alanis Assistant City Manager of 1000 Throckmorton Street
the City of Fort Worth over Fort Worth, Texas 76102
the Housing and Economic
Development Department
Jesus J. Chapa Assistant General Manager of 1000 the Fort Worth Housing
the Fort Worth Housing Throckmorton_Street,
Finance Corporation and Fort Worth, Texas
Director of the Housing and 76102
Economic Development
Department
Adopted this 25th day of January, 2011.
APPROVED AS TO FORM AND LEGALITY:
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Assistant City Attorney City Secretary
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