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Home My WebLink About2012/10/02-Minutes-HEDCCITY OF FORT WORTH, TEXAS HOUSING AND ECONOMIC DEVELOPMENT COMMITEE OCTOBER 2, 2012 Present: Committee Member Joel Burns, Chairman Committee Member Salvador Espino Committee Member Kelly Allen Gray Committee Member Betsy Price Committee Member W. B. "Zim" Zimmerman Committee Member Danny Scarth Committee Member Jungus Jordan Committee Member Dennis Shingleton Committee Member Frank Moss City Staff. Fernando Costa, Assistant City Manager Peter Vaky, Deputy City Attorney Mary J. Kayser, City Secretary Jay Chapa, Director of Housing & Economic Development Department Cynthia Garcia, Assistant Director, Housing & Economic Development Department Coy Gray, Senior Administrative Service Manager, Housing and Economic Development Dept. Avis Chaisson, Business Development Coordinator, Housing and Economic Development Dept. Ana Alvarado, Economic Development Specialist, Housing and Economic Development Dept. Other Citv Staff in Attendance: Tom Higgins, City Manager Peter Vaky, Deputy City Attorney Vicki Ganske, Sr. Assistant City Attorney LeAnn Guzman, Assistant City Attorney, Law Department 1. Call to Order - Joel Burns, Chair With a quorum of the committee members present, Chairman, Joel Burns called the meeting of the Fort Worth Housing and Economic Development Committee to order at 10:55 a.m., on Tuesday, October 2, 2012, in the Pre - Council Chamber of the Fort Worth City Hall, 1000 Throckmorton Street, Fort Worth, Texas 76102. 2. Approval of Minutes from the Meeting Held on August 7, 2012 - Joel Burns, Chair Motion was made by Committee Member Shingleton and second by Committee Member Zimmerman to approve the minutes of the August 7, 2012, Fort Worth Housing and Economic Development Committee meeting. Motion passed 8 -0. (Committee member Espino absent) CITY OF FORT WORTH, TEXAS HOUSING AND ECONOMIC DEVELOPMENT COMMITTEE OCTOBER 2, 2012 Page 2 of 4 Chairman Burns adjourned the regular meeting of the Fort Worth Housing and Economic Development Committee into Executive Session at 10:55 a.m. Committee member Espino arrived at 10:56 a.m. 3. Executive Session - The Housing and Economic Development Committee will conduct a closed meeting to: 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 related to any current agenda items; and 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 City 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. Chairman Burns adjourned the Executive Session at 11:12 a.m., on Tuesday, October 2, 2012. Chairman Burns reconvened the regular session of the Housing and Economic Development Committee at 11:13 a.m., on Tuesday, October 2, 2012. 4. Presentation on Proposed Changes to the Homebuyer Assistance Program - Coy Gray, Senior Administrative Service Manager, Housing and Economic Development Department Mr. Gray provided an update on the Homebuyer Assistance Program and discussed a proposed change to the program that would allow for more families to be assisted. Currently all families that qualify receive $14,999.00 regardless of their AMI. The proposal would base the assistance received on the Annual Median Income (AMI) as set out in the following table: AMI Assistance 35% $14,999 40% $12,999 50% $11,999 60% $10,999 80% $9,999 CITY OF FORT WORTH, TEXAS HOUSING AND ECONOMIC DEVELOPMENT COMMITTEE OCTOBER 2, 2012 Page 3 of 4 Staff estimates this change should serve 164 households, if the current plan is left in place staff estimates that only 118 families would be served. Staff will bring forth an M &C to Council on October 16, 2012 to amend the policy. There was no action required on this item. 5. Update on Hardy Street Single Family Infill Development Located at 3601 and 3617 Hardy Street - Avis Chaisson, Business Development Coordinator, Housing and Economic Development Department Ms. Chaisson provided the following update on the progress of the Hardy Street single family infill development: lots have been acquired, nursing home demolished, tracts rezoned to A -5 single family, preliminary plat approved, final plat submitted for approval and design and construction documents completed. There is $358,865.96 left from the $1,058,724.00 approved CDBG funds for the construction of improvements. The improvements are estimated at $929,408.65 leaving a construction gap of $570,542.69. Staff is recommending that $600,000.00 in CDBG funds be added to this project to complete the required infrastructure construction. Staff will do the required 30 days notice to add the funds and then present an M &C to seek Council approval for the expenditure of the additional funds in November 2012. There was no action required on this item. 6. Presentation on Preliminary Project and Finance Plan for Proposed Tax Increment Reinvestment Zone 14 (Trinity Lakes TIF) in the Vicinity of East Loop 820 and Trinity Blvd. - Jay Chapa, Director, Housing and Economic Development Department Mr. Chapa presented an overview of the proposed Trinity Lakes TIF. There are new neighborhoods, Bell Helicopter- Textron is expanding, potential rail transit center and anticipated growth of mixed use destinations and employment centers. There is a need to reconstruct Trinity Boulevard as an urban multi -modal thoroughfare to alleviate flooding and traffic congestion. There is also the potential for future transit - oriented development with neighborhood services and form based zoning; street connections and enhanced Trinity Trails system. TIF 14 would be comprised of 1,797 acres and would be for a 20 year term. At the end of 20- year term, TIF district is expected to generate $9.5M+ annually to taxing jurisdictions in property tax alone. The City of Fort Worth (85 %); Tarrant County (50 %) and Tarrant Regional Water District (100 %) would be requested to participate in the TIF at the noted percentages. Staff is recommending releasing the Preliminary Project and Financing Plans, therefore initiating the process to create TIF 14 (Trinity Lakes). There was no action required on this item. 7. Presentation on the Development of the 2013 -2018 Consolidated Plan - Cynthia Garcia, Assistant Director, Housing and Economic Development Department Ms. Garcia presented the plan for the development of the 2013 -2018 Consolidated Plan. The Consolidated Plan details how the city plans to meet US Department of Housing and Urban CITY OF FORT WORTH, TEXAS HOUSING AND ECONOMIC DEVELOPMENT COMMITTEE OCTOBER 2, 2012 Page 4 of 4 Development's goals using federal funds and is submitted every 3 -5 years-The goals are 1) Decent Housing; 2) A Stable Living Environment and 3) Expanded Economic Opportunities. The 2013 -2018 Consolidated Plan will be developed using the following steps: Review of the current plan Review of eligible activities Public comment/involvement Public hearings Submission to HUD The process will start with public meetings, one in each district. These will be publicized through notices in the paper, notification of neighborhood associations, email and notice on the city website. There will be a 30 day comment period following the public meetings, a public hearing with the CDC and adoption by the City Council in March. The annual Action Plan process will take place during March — July 2013. The Consolidated Plan and Action Plan will be submitted to HIUD in August of 2013. There was no action required on this item. 8. Requests for Future Agenda Items - Joel Burns, Chair Committee member Espino requested a presentation on the Plaza Norte development. 9. Date of Next Regular Meeting - November 6, 2012 - Joel Burns, Chair 10. Adjourn - Joel Burns, Chair With no further presentations or discussions, Chairman Burns adjourned the regular meeting of the Fort Worth Housing and Economic Development Committee at 11:48 a.m., on Tuesday, October 2, 2012. These minutes approved by the Fort Worth Housing and Economic Development Committee on the 4th day of December, 2012. APPROVED: oel Burns, Chairman Minutes Prepared by and Attest: f Mary J. Ka se i Secretary