HomeMy WebLinkAboutResolution Fort Worth Housing Finance Corporation (FWHFC) FWHFC-2016-21RESOLUTION NO. FWHFC-2016-21
FORT WORTH HOUSING FINANCE CORPORATION
A RESOLUTION AUTHORIZING A CONTRACT WITH FORT WORTH
HOUSING SOLUTIONS AND DONALD BABERS IN THE AMOUNT OF
$150,000.00 TO ADVISE ON THE REVITALIZATION OF CAVILE
PLACE/HISTORIC STOP SIX NEIGHBORHOOD
WHEREAS, the City Council of the City of Fort Worth ("City") has adopted
development and revitalization of the City's affordable housing stock as a strategic goal
and City citizens and the City Council have determined that quality, accessible,
affordable housing is needed for moderate, low and very low income City citizens;
WHEREAS, the City Council 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 and promoting housing, and assisting low to
moderate income City citizens in acquiring quality, accessible, affordable housing
through lending and construction activities;
WHEREAS, the Housing Authority of the City of Fort Worth, commonly known
as the Fort Worth Housing Authority ("FWHA"), owns and operates the J.A. Cavile
Place Addition Apartments located at 1401 Etta off East Rosedale Street in East Fort
Worth in the Cavile Place neighborhood;
WHEREAS, the Board was informed on February 8, 2011 that FWHA had
requested that the Corporation partner with it to develop a plan for the revitalization of
the apartments and the surrounding Cavile Place neighborhood that would be included in
FWHA'S applications for available grants for the project from various federal programs,
as well as other sources, which are available to assist with the redevelopment of public
housing and surrounding neighborhoods;
WHEREAS, the Corporation and the City together own over 100 properties in
the study area which is bounded on the north by Old Handley Road, on the west by
Edgewood Terrace, on the south by Ramey Avenue and on the east by Stalcup Road;
WHEREAS, on January 10, 2012, the Board approved and accepted a contract
with the FWHA for $200,000 for payment of a portion of the cost of a redevelopment
plan for the J. A. Cavile Place Addition Apartments and the Cavile Place neighborhood
RESOLUTION NO. FWHFC-2016-21
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WHEREAS, the FWHA selected Gilmore Keane, LLC to prepare a plan for the
redevelopment of the apartments and the revitalization of the neighborhood to be
developed with input from neighborhood residents and other stakeholders, and which will
include strategies to create commercial and residential development as well as other
social services;
WHEREAS, on May 7, 2013, the Board accepted the Cavile Place Neighborhood
Transformation Plan (the "Plan") created by Gilmore Kean, LLC along with a broad
coalition of community leaders and public officials, to support the redevelopment of
Cavile Place and an extended area including the Historic Stop Six Neighborhood. The
Plan addresses 3 major national objectives of the United States Department of Housing
and Community Development ("HUD"), which are People, Housing and Neighborhood;
WHEREAS, on July 22, 2014, the City Council adopted a Resolution approving
the Plan and incorporating it into the City's Comprehensive Plan (M&C G-18264,
Resolution No. 4333-07-2014). FWHA, which changed its name to Fort Worth Housing
Solutions ("FWHS") in 2015, has begun the redevelopment process for Cavile Place by
acquiring property within the transformation zone to develop approximately 250 units of
affordable housing in the first phase of redevelopment, and intends to apply for Non -
Competitive 4% Housing Tax Credits to help finance the project;
WHEREAS, the City has made a commitment to support infrastructure
improvements and the Fort Worth Transportation Authority committed to assess and
enhance public transit access in the area;
WHEREAS, the Fort Worth Independent School District has created the Historic
Stop Six Initiative to develop a stronger educational foundation for children, build
stronger families, and revitalize the community by empowering citizens and this effort is
closely aligned with the national objectives established by HUD, especially with regards
to increasing the capacity of area residents;
WHEREAS, on June 28, 2016, the Board approved a Memorandum of
Understanding with the City, FWHS, the Fort Worth Transportation Authority and the
Fort Worth Independent School District to aid in the redevelopment of Cavile Place and
the revitalization of the Historic Stop Six Neighborhood;
WHEREAS, the Board and FWHS jointly desire to engage Donald Babers as a
consultant and advisor to aid in the redevelopment and revitalization of the Cavile
Place/Historic Stop Six Area;
WHEREAS, it is anticipated that Donald Babers will facilitate Cavile Place/Stop
Six stakeholder meetings with community members and federal officials, lead in the
development of a long-term implementation strategy for redevelopment and use of
strategic partnerships, analyze and provide a report on current redevelopment plans for
Cavile Place, and identify other strategies and/or funding opportunities to aid in the
revitalization and redevelopment of Cavile Place/Stop Six; and
RESOLUTION NO. FWHFC-2016-21
PAGE 3
WHEREAS, the Board and FWHS have agreed to equally share the cost incurred
in hiring Donald Babers, and the Board intends to contribute $75,000.00 to this cost.
NOW THEREFORE, BE RESOLVED BY THE BOARD OF DIRECTORS
OF THE FORT WORTH HOUSING FINANCE CORPORATION:
THAT the Board approves the execution and delivery of a contract by and
between the Corporation, Fort Worth Housing Solutions, and Donald Babers in
the total amount of $150,000.00, to be paid in equal shares by the Corporation and
Fort Worth Housing Solutions, to engage Donald Babers as a consultant and
advisor in support of the redevelopment of Cavile Place and the revitalization of
the Historic Stop Six Neighborhood.
2. THAT the Board approves the payment of a consultant fee of an amount up to
$75,000.00 to Donald Babers for consulting and advisory services to include, but
not be limited to, (i) the facilitation of stakeholder meetings; (ii) leadership in the
development of a long-term implementation strategy for the redevelopment and
use of strategic partnerships; (iii) development of a report on current
redevelopment plans for Cavile Place; and (iv) identification of other strategies
and/or additional funding opportunities to aid in the revitalization and
redevelopment of Cavile Place/Stop Six.
THAT Fernando Costa, General Manager of the Corporation, or Aubrey Thagard,
Assistant General Manager of the Corporation, or their respective duly appointed
successors, are each authorized to execute and deliver the contract for and on
behalf of the Corporation and any related documents necessary to implement the
contract, and each may extend, modify and amend the contract, provided any such
extensions, modifications and amendments are in compliance with the goals and
purposes of the Corporation as amended from time to time.
3. THAT this Resolution takes effect on the date of its adoption.
AND IT IS SO RESOLVED.
Adopted September 27, 2016.
FOR TH HOUSING FINANCE CORPORATION
By:
Ronald P. Gonzales, As is ant Secretary