HomeMy WebLinkAbout1996/01/30-Minutes-Fort Worth Housing Finance Corporation (FWHFC) MINUTES OF THE
FORT WORTH HOUSING FINANCE CORPORATION
PRE-COUNCIL CHAMBERS
TUESDAY,JANUARY 30, 1996
8:15 A.M.
Corporation Board Members present. Eugene MCray, President; Bill Meadows,
Vice-President, Jim Lane, Secretary; Becky Haskin; Kenneth Barr, Jewel Woods,
Treasurer (late); and Virginia Nell Webber (late). Chuck Silcox was absent.
The meeting was called to order by the President.
Approval of Previous Minutes
Mr. Barr made a correction to the minutes of January 2 , 1996 on page 2, paragraph
3, line 2, that "and B.D.I." be deleted. Mr. Lane made a motion that the minutes
be approved, as amended, and Mr. Barr seconded the motion. The motion carried
unanimously.
Action Item: En ment of Underwr`ter in n with Restructuring and
Refunding Worth Housing Finance Corporation Single Family Mortgage
Revenue Bonds, Series 1985
Mr. Boyd London of First Southwest Company introduced various representatives
of First Southwest, MBIA, Kelly, Hart & Hallman, McCall Parkhurst, and Haynes
and Boone. He then made a presentation on the above matter, stating that MBIA
would put the money in and pay all costs of issuance plus $80,000.00 to the Fort
North Housing Finance Corporation. He said the bands would continue to be AAA
rated..
During the above presentation Ms. Woods and Ms. Webber arrived.
Mr. Meadows stated that the questions of the board had been answered, and he made
a motion to approve the action item above withl MIA as underwriter. fir, Lane
seconded the motion., and the motion carried 6-0 with Ms. Webber abstaining and
Mr= Silcox. absent.
MINUTES OF THE
FORT WORTH HOUSING
FINANCE CORPORATION
JANUARY 30, 1996
Page 2
Adiou n1'nent
v
The meeting adjourned at 8:37 a.m.
Eugene McCray
President