HomeMy WebLinkAbout2001/06/05-Minutes-Fort Worth Housing Finance Corporation (FWHFC) MINUTES OF THE
FORT WORTH HOUSING FINANCE CORPORATION
PRE-COUNCIL CHAMBERS
TUESDAY, June 5, 2001
2:38 P.M.
Call to Order: The meeting was called to order at 2:38 p.m. with the
following members in attendance:
President Ralph McCloud; Secretary Frank Moss; Board of Directors Kenneth
Barr, Chuck Silcox, Vice President Becky Haskin, Treasurer Clyde Picht, Jeff
Wentworth, and Wendy Davis. Jim Lane was temporarily absent.
Approval of Previous Minutes: Director Chuck Silcox made a motion,
seconded by Treasurer Clyde Picht that the minutes of March 6, 2001 be
approved. The motion carried unanimously.
Mr. Jerome Walker, Housing Director presented a brief staff report and requested
that the Board of Directors of the Fort Worth Housing Finance Corporation
approve the three resolutions as listed on the agenda.
Director Jim Lane assumed his place at the Pre-Council table.
Resolution Authorizing Submission of an Application to the U.S. Department of
Housing and Urban Development for Final Commitment Under the FHA 22{d)3
Mortgage Insurance Program for the Villas of Eastwood Terrace Senior Housing.
Resolution Authorizing the Allocation of $275,000.00 for Professional Services
and application Fee for FHA Insurance for the Villas of Eastwood Terrace Senior
Housing.
Resolution Authorizin A royal of Contract with Ga Garmon Architects for
Deli n and En ineerin Services for the Villas of Eastwood Terrace Senior
Housing.
Director Frank Moss made a motion, seconded by Director Chuck Silcox, that the
resolutions be adopted, The motion carried unanimously.
Mr. Walker advised the Board that the design enhancements, brick facades on
the building and a brick perimeter fence, for Villas of Eastwood Terrace Senior
Housing were not included in the current project design. The consultant on the
project has estimated the cost of the enhancements to be $318,000.00. Mr.
Walker advised the Board that the staff recommends that these enhancements
would add appeal and marketability to the property and that the City's federal
HOME program be used as a funding source. He also advised the Board that
these funds would have to be given in the form of a grant or a deferred pay back
or a forgivable loan.
Adjournment: There being no further business the meeting was adjourned
at 2:50 pm.
Ralph McCloud, President