HomeMy WebLinkAbout1999/02/09-Minutes-Fort Worth Housing Finance Corporation (FWHFC) MINUTES OF THE
FORT WORTH HOUSING FINANCE CORPORATION
PRE-COUNCIL CHAMBERS
TUESDAY, FEBRUARY 9, 1999
3:30 P.M.
Board Members Present- Vice President Becky Haskin, Council Members
Chuck Silcox, Jeff Wentworth, Ralph McCloud, Clyde Picht, Mayor Pro tempore
Jim Lane and Mayor Kenneth Barr,
Election of Officers- Council Member Silcox made a motion that the following
officers be elected- President Ralph McCloud, Vice-President Becky Haskin,
Secretary Frank Moss, and Treasurer Clyde Picht. Council Member Wentworth
seconded motion, and the motion carried unanimously.
Approval of Previous Minutes: The minutes of the August 19, 1997 were
approved as written.
Approval of Expenditure of $500,000 from interest revenue generated from the
Fort Worth Housing Finance Corporation housing fund for the purpose of
implementing a Land Banking Program,
Housing Director Jerome Walker discussed the allocation of funds to increase
the number of residential lots needed for the infill program and the land-banking
concept. The requested amount of funds would purchase 200 properties for use
in this program.
Council Member Wentworth made a motion, seconded by Council Member Moss
to approve the expenditure of $500,000 form interest income in the Housing
Trust Fund, as a revolving account, to establish a Land Banking Program, The
motion carried unanimously,
Council Member Wentworth requested a six-month progress report of the Land
Banking Program,
Adiournment, The meefing ad Burned at 4,12 P,M,
Ragn,d,, McCloud, President