HomeMy WebLinkAboutResolution Fort Worth Housing Finance Corporation (FWHFC) FWHFC-2015-15RESOLUTION NO. FWHFC-2015-15
FORT WORTH HOUSING FINANCE CORPORATION
A RESOLUTION APPROVING A CONTRACT WITH THE UNITED WAY OF
TARRANT COUNTY TO CREATE A FUNDERS COUNCIL FOR THE
DIRECTIONS HOME PROGRAM
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
assisting very low income City citizens in acquiring quality, accessible, affordable
housing;
WHEREAS, on June 2, 2015, the City Council passed a Resolution reaffirming
its support for the creation of a Funders Council to promote collaboration among local
governments, foundations and other supporters of local initiatives to end homelessness as
part of the City's homelessness plan, Directions Home: Making Homelessness Rare,
Short -Term, and Non -Recurring in Fort Worth, Texas Within Ten Years (Resolution
No. 4460-06-2015) ("Directions Home");
WHEREAS, the purpose of the Funder's Council will be to raise and coordinate
funds to support the implementation of Directions Home and will align resources and
help to insure funding for successful programs to end homelessness;
WHEREAS, Danny Scarth, a former member of the City Council and member of
the City's ad hoc Homelessness Task Force and Permanent Supportive Housing Task
Force ("Scarth"), has proposed a work plan for a feasibility study for the creation of a
Funder's Council and has requested that the Corporation partner with the Amon G. Carter
Foundation, the Sid Richardson Foundation and the Ryan Foundation (collectively, the
"Foundations") to fund the cost of a study of the feasibility of creating the Funders
Council;
WHEREAS, City has contracted with United Way of Tarrant County ("United
Way") since 2008 to implement the programs and services funded by City under
Directions Home for City residents who are homeless, and United Way has agreed to
administer the funds contributed by the Corporation and the Foundations to accomplish
the proposed study;
RESOLUTION NO. FWHFC-2015-15
PAGE 2
WHEREAS, the Foundations and the Corporation have each agreed to pay
$7,875.00 to fund the cost of a study to be conducted by Scarth of the feasibility of
creating the Funders Council, and the Corporation has agreed to also pay United Way an
additional fee of $630.00 for administering the contract; and
WHEREAS, the Board desires to approve and accept a contract with United Way
for a cost of $8,505.00 for payment of a portion of the cost of a retainer fee for Scarth to
accomplish a work plan to determine the feasibility of creating a Funders Council as
described in Directions Home.
NOW THEREFORE, BE 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 ("Contract")
by and between United Way of Tarrant County ("United Way"), and the
Corporation for a total of $8,505.00 to pay a portion of the cost of a retainer fee to
Danny Scarth to fund the cost of a study of the feasibility of creating the Funders
Council.
2. THAT Fernando Costa, General Manager of the Corporation, or the Assistant
General Manager of the Corporation, or their 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 October 27, 2015.
FO%alvador
HO IN NANCE CORPORATION
By:
pino,Presiden