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Home My WebLink About2012/05/01-Minutes-Fort Worth Housing Finance Corporation (FWHFC)CITY OF FORT WORTH, TEXAS FORT WORTH HOUSING FINANCE CORPORATION CALLED — SPECIAL SESSION TUESDAY, MAY 1, 2012 Present: President Kathleen Hicks Vice President Danny Scarth Secretary Frank Moss Director Betsy Price Director W. B. "Zim" Zimmerman Director Jungus Jordan Director Dennis Shingleton Director Joel Burns Absent: Director Salvador Espino City staff: Fernando Costa, Assistant City Manager Vicki Ganske, Senior Assistant City Attorney Ronald P. Gonzales, Assistant City Secretary Charletra Hurt, Development Program Coordinator Avis Chaisson, Development Program Coordinator Other staff: Tom Higgins, City Manager Jay Chapa, Assistant General Manager Cynthia Garcia, Administrator Robert Sturns, Economic Development Manager, Housing & Economic Development Dept. LeAnn Guzman, Senior Assistant City Attorney 1. Call to Order. With a quorum present, President Hicks called the meeting to order for the Board of Directors of the Fort Worth Housing Finance Corporation (Corporation) at 2:13 p.m. on Tuesday, May 1, 2012, in the Pre - Council Chamber of the Fort Worth Municipal Building, 1000 Throckmorton Street, Fort Worth, Texas, with Director Espino absent. 2. Approval of Minutes of the February 7, 2012, Meeting. President Hicks opened the floor tor a motion on the approval of the minutes of the Tuesday. February 7, 2012. meeting. CITY OF FORT WORTH, TEXAS FORT WORTH HOUSING FINANCE CORPORATION CALLED - SPECIAL SESSION TUESDAY, MAY 1, 2012 PAGE 2 MOTION: Upon a motion made by Director Burns and seconded by Director Price, the Board of Directors voted unanimously 8 "ayes" and 0 "nays ", with Director Espino absent, to approve the Tuesday, February 7, 2012, minutes of the Corporation as presented. The motion carried. NOTE. Written Reports, resolutions, PowerPoint presentations and other documents prepared by staff for this meeting are not detailed in these minutes; the information is summarized. Complete documents are on file in the City Secretary's Office. 3a. Written Reports: Fort Worth Housing Finance Corporation Financial Report through March 31, 2012. President Hicks referenced the Financial Report through March 31, 2012, and opened the floor for discussion on the report. There was no discussion on this agenda item. The written report was provided to the Board as a matter of information. There was no formal action taken on the report. 4. Consider and Adopt Resolution Appointing an Assistant Treasurer and Assistant Secretary for the Fort Worth Housing Finance Corporation Board. President Hicks referred to the resolution and opened for the floor for discussion on this issue. There being no discussion, President Hicks opened the floor for a motion. MOTION: Upon a motion made by Director Shingleton and seconded by Director Burns, the Board voted unanimously 8 "ayes" and 0 "nays ", with Director Espino absent, to approve Resolution No. FWHFC- 2012 -04 appointing Susan Alanis as Assistant Treasurer, Mary J. Kayser as Assistant Secretary, and confirming the appointments of Ronald P. Gonzales and Nicole M. Seidel as Assistant Secretaries of the Corporation. The motion carried. 5. Consider and Adopt Resolution Authorizing an Architect Agreement with RPGA for Single Family Home Designs for the Terrell Heights Infill Project for $97,800.00. Ms. Charletra Hurt, Development Project Coordinator, Housing and Economic Development Department, addressed the Corporation regarding the proposed resolution. President Hicks opened for the floor for discussion on this issue. Director Shingleton asked what occurred if the homes were built and did not sell—if construction of the homes stopped. Ms. Hurt responded affirmatively and advised that two (2) to three (3) homes would he built initially. She added that if the homes did not sell within a 60 -dav period. construction would stop and the few homes built would become rental property. CITY OF FORT WORTH, TEXAS FORT WORTH HOUSING FINANCE CORPORATION CALLED - SPECIAL SESSION TUESDAY, MAY 1, 2012 PAGE Director Price asked what was the average price and square footage of the homes. Ms. Hurt stated that the average cost was approximately $100,000.00 and the square footage was between 1,400 and 1,700 square feet. Vice President Scarth referred to the architectural contract and asked how many plans were going to drawn. Ms. Hurt stated that there would be four (4) floor plans and each had three (3) elevations. There being no further discussion, President Hicks opened the floor for a motion. MOTION: Upon a motion made by Director Moss and seconded by Director Price, the Board voted unanimously 8 "ayes" and 0 "nays ", with Director Espino absent, to approve Resolution No. FWHFC- 2012 -05. The motion carried. 6. Update on Race Street Lofts and Terrell Homes Low Incoming Housing Tax Credit Projects. Ms. Avis Chaisson, Community Development Coordinator, Housing and Economic Development Department, addressed the Corporation regarding these projects. President Hicks opened for the floor for discussion on this issue. Director Shingleton asked what the number of total units was. Ms. Chaisson advised that there were a total of 36 units for Race Street and 54 single - family homes for Terrell Homes. Vice President Scarth referred to the original three (3) houses that were previously built and asked if they were a part of this project or a separate issue. Ms. Cynthia Garcia, Administrator, responded that those homes were separate from this project. Mr. Jay Chapa, Assistant General Manager, advised that all three (3) homes had been sold. Secretary Moss referred to the properties on Race Street and asked if part of the first floor would be retail space. Ms. Hurt stated that there was no retail space on the first floor; rather it would have a leasing center and space available for a fitness center and ESL classes. President Hicks stated that she was very excited about both projects and added that the lots had been vacant for a long time and therefore it would be great to get them back on the tax rolls. She commended staff for their work on this project. The update was provided to the Board as a matter of information. There was no formal action taken by the Board. CITY OF FORT WORTH, TEXAS FORT WORTH HOUSING FINANCE CORPORATION CALLED - SPECIAL SESSION TUESDAY, MAY 1, 2012 PAGE 7. Executive Session. President Hicks stated that she had been advised that an Executive Session was not necessary to discuss the following items: A. Seek the advice of its attorneys concerning the following items that are exempt from public disclosure under Article X, Section 9, of the Texas State Bar Rules, as authorized by Section 551.071 of the Texas Government Code: (i) legal issues concerning any current agenda item; B. Discuss the purchase, sale, lease or value of real property, as authorized by Section 551.072 of the Texas Government Code. Deliberation in an open meeting would have a detrimental effect on the position of the Corporation in negotiations with a third party; and C. Discuss or deliberate negotiations relating to any economic development negotiations, as authorized by Section 551.087 of the Texas Government Code. This agenda item was passed over. 6. Requests for Future Agenda Items. President Hicks opened the floor on requests for future agenda items. No requests were made by Board members. 7. Adjourn. With no further discussion, President Hicks adjourned the called — special session of the Fort Worth Housing Finance Corporation Board at 2:25 p.m. on Tuesday, May 1, 2012. These minutes approved by the Fort Worth Housing Finance Corporation Board of Directors on the 5"' day of June, 2012. APPROVED: A R( Kathleen Hicks President CITY OF FORT WORTH, TEXAS FORT WORTH HOUSING FINANCE CORPORATION CALLED - SPECIAL SESSION TUESDAY, MAY 1, 2012 PAGE 5 ATTEST: Frank Moss Secretary Prepared and respectfully submitted by: Ronald P. Gonzales, TRMC /CMC Assistant City Secretary