HomeMy WebLinkAboutResolution Fort Worth Housing Finance Corporation (FWHFC) FWHFC-2021-22RESOLUTION NO. FWHFC — 2021-22
FORT WORTH HOUSING FINANCE CORPORATION
A RESOLUTION AUTHORIZING THE SALE OF ONE LOT LOCATED AT 5217
TURNER STREET IN THE STOP SIX SUNRISE EDITION FOR THE DEVELOPMENT
OF A SINGLE-FAMILY, OWNER -OCCUPIED RESIDENCE
WHEREAS, the Fort Worth Housing Finance Corporation (the "Corporation") seeks to
promote homeownership and neighborhood revitalization throughout the City of Fort Worth
("City") and foster the development of quality, accessible, affordable housing for low- and
moderate -income individuals and families;
WHEREAS, between 1998 and 2008 the Corporation acquired various residential lots
for future affordable housing development as part of its Infill Housing Development program,
and has constructed single family houses and developed subdivisions especially in targeted areas
of the City;
WHEREAS, Brian Ayers requested to purchase 1 lot located at 5217 Turner Street in the
Stop Six Sunrise Edition in order to build a single-family, owner -occupied residence; and
WHEREAS, the Board desires to approve the sale of the 1 lot to Brian Ayers for a total
amount of $60,000.00 for the purpose developing a single-family, owner -occupied residence.
NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF
THE FORT WORTH HOUSING FINANCE CORPORATION:
1. THAT the Board approves the sale of the 1 lot more particularly described on the
attached Exhibit "A" (the "Property") to Brian Ayers for the negotiated price of
$60,000.00, plus the payment by the buyer of all closing costs.
2. THAT the Board approves the execution and delivery of the following for the sale of the
Property: (i) sale and purchase agreement with Brian Ayers, (ii) the deed, and (iii) the
closing statement and any other related documents necessary to complete the sale of the
Property (the "Closing Documents").
3. THAT Fernando Costa, General Manager of the Corporation, or Victor Turner, Assistant
General Manager, or their duly appointed successors, are each authorized to execute and
deliver the Closing Documents for and on behalf of the Corporation along with any
related documents necessary to sell the Property.
4. THAT to the extent any actions to sell the Property authorized by this Resolution have
already been taken by the Corporation, Fernando Costa, Victor Turner, or any other
representative or agent of the Corporation, the Board hereby ratifies and confirms such
RESOLUTION NO. FWHFC-2021-22
PAGE 2
actions as the valid actions of the Corporation, effective as of the date such action was
taken.
5. THAT this Resolution takes effect on the date of its adoption.
AND IT IS SO RESOLVED.
Adopted November 30, 2 02 1.
FORT WORTH HOUSING FINANCE CORPORATION
B
Carlos Flores, President
RESOLUTION NO. FWHFC-2021-22
PAGE 3
EXHIBIT A
ADDRESS
LEGAL DESCRIPTION
SALES
PRICE
RESERVATION
5217 Turner Street
Lot 9, Block 9, Sunrise Addition,
$60,000.00
FWHFC retains
Fort Worth, Tarrant County,
mineral rights
Texas, according to the plat
recorded in Volume 964, Page
437, deed Records, Tarrant
County, Texas