HomeMy WebLinkAboutResolution Fort Worth Housing Finance Corporation (FWHFC) FWHFC-2015-13MAIN a Min MMMIN in
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WHEREAS, the Fort Worth Housing Finance Corporation (the "Corporation") seeks to
[rromote 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, the Fort Worth Area Habitat for Humanity ("Habitat") has developed 12
houses in the Como neighborhood and 7 houses in the Hillside Morningside neighborhood and
has asked to purchase 10 of the Corporation's lots located in those neighborhoods for additional
single family housing development;
WHEREAS, Habitat has existing agreements with Como and Hillside Morningside
neighborhood associations for its housing development activities;
WHEREAS, the construction of houses in the Como and Hillside Momingside
neighborhoods will help revitalize those neighborhoods and the surrounding areas and further the
Corporation's goals of assisting low and moderate income families and individuals in acquiring
quality, affordable, accessible housing-, and
WHEREAS, the Board desires to approve the sale of 10 lots listed on the attached
Exhibit "A" to the Fort Worth Area Habitat for Humanity for a negotiated price.
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THAT the Board approves the sale of the 10 lots listed on the attached Exhibit "A" (th*
"Properties") to the Fort Worth Area Habitat for Humanity for a negotiated price plus tk@
payment of all common and customary seller closing costs.
2. THAT the Board approves the execution and delivery of the following for the sale of the
Properties: (i) the sale and purchase agreement, (ii) the deeds, and (iii) the closing
statements and any other related documents necessary to complete the sale of the
Properties (the "Closing Documents").
rr r RESOLITION NO.rT
PAGE 2
Properties.
3. THAT Jesus J. Chapa, General Manager of the Corporation, or his duly appointed
successor, is authorized to execute and deliver the Closing Documents for and on behalf
of the Corporation along with any related documents necessary to sell the
4. THAT to the extent any actions to sell the Properties authorized by this Resolution have
already been taken by the Corporation, Jesus J. Chaa or any other representative or
agent of the Corporation, the Board hereby ratifies and confirms such 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.
FORT W, ORTII HOUSING FINANCE CORPORATION
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5424 Carver Drive HARLEM HILLS ADDITION
Block: 4 Lot: 7
5420 Chariot Drive HARLEM HILLS ADDITION
Block 24 Lot: 16
5620 Chariot Drive HARLEM HILLS ADDITION
Block: 22 Lot: 16
5621 Como Drive HARLEM HILLS ADDITION
Block: 22 Lot: 6
5500 Farnsworth Avenue
CHAMBERLAIN ARLINGTON HTS 2"
Block: 114 Lot 39 & 40
1321 Driess Street
GREENWOOD SUB #1 EVANS S OF 10
Block: 3 Lot: 8-S 1/3 7
929 E. Maddox Avenue
GRAVES & DANIELS SUB
Lot: 10
1018 E. Myrtle Street
ELSTON ADDITION
Lot: 10
1325 New York Avenue
EGGLESTON ADDITION
Lot: 6
1421 Stewart Street
GREENWOOD SUB #3 EVANS S OF 12
Block: 2 Lot: 6
BLK 2 LOT 6 & N PT 7