HomeMy WebLinkAboutResolution Fort Worth Housing Finance Corporation (FWHFC) FWHFC-2011-07RESOLUTION NO. FWHFC-2011-07
FORT WORTH HOUSING FINANCE CORPORATION
A RESOLUTION
APPROVING A CONTRACT WITH AN ARCHITECT FOR INFILL
HOUSING IN THE TERRELL HEIGHTS NEIGHBORHOOD AND STOP
SIX SUNRISE EDITION MODEL BLOCK AREA, AND APPROVE ALL
RELATED ACTIONS REQUIRED FOR HOUSING DEVELOPMENT
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, 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 City receives grant funds from the United States Department of
Housing and Urban Development ("HUD") through the HOME Investment Partnerships
Program ("HOME") with which the City promotes activities that expand the supply of affordable
housing and develop partnerships with neighborhood-based non profit housing organizations to
benefit low and very low income City citizens by providing them with affordable housing;
WHEREAS, the Board of Directors of the Corporation adopted Resolutions on
November 3, 2009 and June 8, 2010 to approve and accept a contract with the City for the use of
up to $1,000,000.00 of the City's HOME funds to purchase eleven (11) lots and rehabilitate or
construct new single family infill housing in the Terrell Heights neighborhood;
WHEREAS, the City Council on February 2, 2005 awarded the Stop Six Sunrise Edition
neighborhood a total of $1,200,00.00 in FY 2005 Model Block grant funds including
approximately $600,000.00 in HOME funds (M&C G-15083). The HOME funds must be spent
by September 2011 and the neighborhood desires that they be spent on a home improvement
loan program and the rehabilitation or new construction of single family homes;
WHEREAS, it is necessary to hire an architect to design housing floor plans with
elevations for each project that will compliment the architecturai styles of the neighborhoods as
well as meeting any specific neighborhood requirements; and
RESOLUTION NO. FWHFC-2011-07
PAGE 2
WHEREAS, the Board desires to approve hiring an architect to design housing floor
plans and furnish related construction documents for up to $50, 000.00 for each project and
approve all related actions necessary for single family housing development for the projects.
NOW THEREFORE, LET IT 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 ("Contract") by and
between the Corporation and an architect, whether one or more, to provide floor plans,
elevations and construction documents for the Terrell Heights Neighborhood Infill
Program and the Stop Six Sunrise Edition Model Block program (collectively, the
projects) for up to $50,000.00 for each project.
2. THAT the Board approves all related activities necessary to prepare for the construction
or renovation of single family infill houses for the projects.
3. THAT Tom Higgins, General Manager of the Corporation, or Jesus J. Chapa, Assistant
General Manager of the Corporation, are 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 within the scope of the projects and in
compliance with City Ordinances, and the goals and purposes of the Corporation as
amended from time to time.
4. THAT this Resolution talces effect from the date of its adoption.
AND IT IS SO RESOLVED.
Adopted April 5, 201 �.
FORT WORTH HOUSING FINANCE CORPORATION
By. � ��.1� � � )(� l � �
Kathleen Hicics, President