HomeMy WebLinkAboutResolution Fort Worth Housing Finance Corporation (FWHFC) FWHFC-2017-05RESOLUTION NO. FWHFC-2017-05
FORT WORTH HOUSING FINANCE CORPORATION
A RESOLUTION AUTHORIZING A CONTRACT WITH FORT WORTH AREA
HABITAT FOR HUMANITY, INC. D/B/A TRINITY HABITAT FOR
HUMANITY TO ACT AS GENERAL CONTRACTOR FOR THE
CONSTRUCTION OF SINGLE FAMILY HOUSES FOR THE TERRELL
HEIGHTS SINGLE FAMILY INFILL DEVELOPMENT, AND THE LEE
AVENUE SINGLE FAMILY INFILL DEVELOPMENT
WHEREAS, the City Council of the City of Fort Worth (the "City") established
the Fort Worth Housing Finance Corporation (the "Corporation") in 1979 pursuant to
Chapter 394, Texas Local Government Code, to facilitate housing initiatives in the City,
including but not limited to issuing tax exempt bonds, developing, rehabilitating and
promoting housing, and assisting low to moderate income City citizens in acquiring
quality, accessible, affordable housing through lending and construction activities;
WHEREAS, the Corporation is acting as an developer for the construction of
single family houses in the Terrell Heights Single Family Infill Development in the
Historic Southside neighborhood and the Lee Avenue Single Family Infill Development
in the Northside neighborhood;
WHEREAS, , the Board has determined that it is necessary to hire a new general
contractor to construct the remaining houses in the Terrell Heights Development and the
houses in the Lee Avenue Development;
WHEREAS, the houses will be sold by the Corporation to eligible homebuyers
based on the type of financing used for the construction of the houses; and
WHEREAS, the Board desires to enter into a contract with Fort Worth Area
Habitat for Humanity, Inc. d/b/a Trinity Habitat for Humanity, or an affiliate, to act as
general contractor to provide single family construction services to the Corporation for
the development of single family houses for the Terrell Heights Single Family Infill
Development in the Historic Southside neighborhood and the Lee Avenue Single Family
Infill Development in the Northside neighborhood, approve all other contracts necessary
for housing development, and approve all other actions necessary for single family
housing development by the Corporation.
NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF
DIRECTORS OF THE FORT WORTH HOUSING FINANCE CORPORATION:
1. THAT the Board approves the execution and delivery of a contract by and
between the Corporation and Fort Worth Area Habitat for Humanity, Inc. d/b/a
Trinity Habitat for Humanity, or an affiliate, (the "Contract") to provide
construction and general contractor services for the Corporation's Terrell Heights
Single Family Infill Development and Lee Avenue Single Family Infill
Development.
RESOLUTION NO. FWHFC-2017-05
PAGE 2
2. THAT the Board approves the execution and delivery of any contracts and other
documents necessary for predevelopment and development activities and services
for its Terrell Heights Single Family Infill Development and Lee Avenue Single
Family Infill Development (collectively, the "Development Contracts").
3. THAT the Board approves all related actions necessary for the construction of
single family houses for the Terrell Heights Single Family Infill Development and
Lee Avenue Single Family Infill Development (collectively, the "single family
projects").
4. THAT Fernando Costa, General Manager of the Corporation, or Aubrey Thagard,
Assistant General Manager of the Corporation, or their duly appointed successors,
are each authorized to execute and deliver the Contract and the Development
Contracts for and on behalf of the Corporation along with any related documents
necessary to implement them, and each may extend, modify and amend the
Contract or the Development Contracts, provided any such extensions,
modifications and amendments are within the scope of the Corporation's single
family projects, in compliance with City Ordinances, and the goals and purposes
of the Corporation as may be amended from time to time.
5. THAT to the extent any of the actions authorized by this Resolution has already
been taken by the Corporation, Fernando Costa as General Manager, Aubrey
Thagard as Assistant General Manager, or any other agent of the Corporation,
such actions are hereby ratified and confirmed as the valid actions of the
Corporation effective as of the date such action was taken.
6. THAT this Resolution takes effect on the date of its adoption.
AND IT IS SO RESOLVED.
Adopted June 20, 2017.
FORT NORTH HOUSING FINANCE CORPORATION
r
By
Ronald P. Gonzales, Assist 'nt Secretary