HomeMy WebLinkAbout1995/10/10-Minutes-Fort Worth Housing Finance Corporation (FWHFC) MINUTES OF THE
FORT WORTH HOUSING FINANCE CORPORATION
PRE-COUNCIL CHAMBERS
TUESDAY, OCTOBER 10, 1995
8:15 A.M.
Corporation Board Members Present: Virginia Nell Webber, President; Kenneth Barr,
Vice-President; Chuck Silcox, Secretary; JeNvel Woods, Treasurer; Kay Granger; Bill
Meadows; Eugene McCray; Becky Haskin; and Jim Lane (late).
The meeting was called to order by the President.
Election of Officers
Mr. Silcox made a motion that Eugene McCray be elected President of the Corporation.
Ms. Flasldn seconded the motion, and the motion carried unanimously.
Mr. Silcox made a motion that Bill Meadows be elected Vice President of the
Corporation. Mr. Barr seconded the motion, and the motion carried unanimously.
Mr. Silcox made a motion that Jim Lane be elected Secretary of the Corporation. Mr.
Meadows seconded the motion, and the motion carried unanimously.
Ms. Raskin made a motion that jewel Woods be elected Treasurer of the Corporation.
Mr. Silcox seconded the motion, and the motion carried unanimously.
Approval of Previous Minutes
Mr. Meadows made a motion that the minutes of April 18, 1995 be approved as written.
Mr. Barr seconded the motion, and the motion carried unanimously.
Action Item No. I Consider and Avvrove Consent for Transfer and Assignment of
Duties of Lomas Mortgage USA. Inc. to First Natiorn-vide Mort e7age Corporation under
Fort Worth Housina Finance Co Doration 1994 Sin cyle-Famil , Mort xe Revenue Bond
Fro gram
Mr. Dan Settle, of Kelly, Hart-, and Hallman explained this matter to the Board, and
suggested that a motion be made approving the transfer, subject to the Financial
transfer fee.
Ad,6isor's discretion on the matter of securing a 4 t
I
J.
Mr. Barr mentioned that he had a mortgage loan with Lomas and asked if he needed to
abstain from voting. City Attorney Adkins said that only disclosure of same was
necessary.
Mr. Barr made a motion that the Board approve the transfer and assignment of duties
of Lomas Mortgage USA, Inc. to First Nationwide Mortgage Corporation under the Fort
Worth Housing Finance Corporation 1994 Single-Family Mortgage Revenue Bond
Program, subject to the Financial Advisor's discretion in regard to a transfer fee.
The motion was seconded by Ms. Woods, and carried unanimously.
Action Item No. 2. Engagement of Underwriter in Connection with Restructuring and
Refundin,g Fort Worth Housing Finance Co oration Single-Family Mortgage Revenue
Bonds, Series 1985.
Mr. Robert Johnson of First Southwest Company, discussed this matter with the Board.
Mr. Barr and Mr. Meadows said they wanted a more thorough explanation of the.facts,
and the rest of the Board agreed.
At this point in the meeting, Mr. Lane arrived.
Mr. Barr made a motion to table this matter and call another meeting of the Fort Worth
Housing Finance Corporation next Tuesday, October 17, 1995 to consider action on this
item. Mr. Meadows seconded the motion, and the motion carried unanimously.
Action Item No. 3. Contract with Tarrant County Housing Partnership for HOPE 3
LeasdPurchase Program Match
Mr. Jerome Walker, Housing Director, addressed this matter to the Board and requested
approval of the contract.
Ms. Webber made a motion to approve the contract with Tarrant County Housing
Partnership for HOPE 3 Lease/Purchase Program Match. Ms. Woods seconded the
motion, and the motion carried unanimously.
The meeting adjoumed at 9:00 a.m,
Eugene McCra-,r
Pricsident