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HomeMy WebLinkAboutResolution Fort Worth Housing Finance Corporation (FWHFC) FWHFC-2014-12RESOLUTION NO. FWHFC-2014-12 FORT WORTH HOUSING FINANCE CORPORATION A RESOLUTION APPROVING A CONTRACT WITH INTEGRITYTEXAS CONSTRUCTION, LTD. FOR SINGLE FAMILY INFILL HOUSING DEVELOPMENT IN THE EVANS AND ROSEDALE, NORTHSIDE AND DIAMOND HILL-JARVIS NEIGHBORHOODS 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 Govermnent 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 infill houses in the Evans and Rosedale, Northside and Diamond Hill -Jarvis neighborhoods and it is necessary to hire a general contractor to construct the houses for its infill housing projects; WHEREAS, the Corporation advertised a Request for Proposals for a general contractor (the "RFP") and IntegrityTexas, Ltd. was selected from the applicants based on the evaluation criteria in the RFP including cost of services, experience with single family construction, warranties offered and minority business enterprise compliance; WHEREAS, it is also necessary to enter into contracts for other predevelopment and development activities including but not limited to environmental studies, testing, surveys, and title work necessary for single family infill housing development by the Corporation; 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 IntegrityTexas, Ltd. to provide single family construction services to the Corporation for the development of infill housing in the Evans and Rosedale, Northside and Diamond -Hill Jarvis neighborhoods, approve all other contracts necessary for housing development, approve the sale of the houses at negotiated prices to eligible homebuyers, and approve all other actions necessary for single family infill housing development by the Corporation. RESOLUTION NO. FWHFC-2014-12 PAGE 2 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 Integrity Texas, Ltd. (the "Contract") to provide construction and general contractor services for the Corporation's single family infill housing development projects in the Evans and Rosedale, Northside and Diamond Hill -Jarvis neighborhoods. 2. THAT the Board approves the execution and delivery of any contracts necessary for predevelopment and development activities and services for its single family infill housing development projects in the Evans and Rosedale, Northside and Diamond Hill -Jarvis neighborhoods (collectively, the "Development Contracts"). 3. THAT the Board approves all related actions necessary for the construction of single family houses for the Corporation's single family infill housing development projects in the Evans and Rosedale, Northside and Diamond Hill - Jarvis neighborhoods. 4. THAT Jesus J. Chapa, General Manager of the Corporation, or the Assistant General Manager of the Corporation, 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 infill housing development projects in the Evans and Rosedale, Northside and Diamond hill -Jarvis neighborhoods, in compliance with City Ordinances, and the goals and purposes of the Corporation as may be amended from time to time. 5. THAT Jesus J. Chapa, General Manager of the Corporation, or the Assistant General Manager of the Corporation, are each authorized to take all actions necessary to sell the houses constructed for the Corporation's infill housing development projects in the Evans and Rosedale, Northside and Diamond Hill - Jarvis neighborhoods to eligible homebuyers, including without limitation: (i) determine the sales price of the houses to facilitate their sale to eligible homebuyers; (ii) execute and deliver a listing agreement with a licensed real estate broker for the sale of the houses; (iii) execute and deliver purchase and sale contracts for the houses at a negotiated sales price, and (iv) execute and deliver the deeds for the completed houses, the closing statements for the sale of the houses and any related documents necessary to complete the sale the houses to eligible homebuyers. RESOLUTION NO. FWHFC-2014-12 PAGE 2 6. THAT to the extent any of the actions to develop infill housing projects in the Evans and Rosedale, Northside and Diamond Hill -Jarvis neighborhoods as authorized by these Resolutions have already been taken by the Corporation, Jesus J. Chapa as General Manager or any other 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. 7. THAT this Resolution takes effect on the date of its adoption. AND IT IS SO RESOLVED. Adopted August 5, 2014. FORT WORTH HOUSING FINANCE CORPORATION 0 , By: cq, G'o , � "Salvador Espino, President