HomeMy WebLinkAboutResolution Fort Worth Housing Finance Corporation (FWHFC) FWHFC-2011-17RESOLUTION NO. FWHFC-2011-17
FORT WORTH HOUSING FINANCE CORPORATION
A RESOLUTION
AUTHORIZING THE SALE OF THE WHITE LAKE PROPERTY
LOCATED BETWEEN THE 900 TO 1400 BLOCKS OF OAKLAND
BOULEVARD TO THE CATHOLIC DIOCESE OF FORT WORTH
WHEREAS, the Fort Worth Housing Finance Corporation (the "Corporation") seeks to
foster the development of reasonably priced quality housing and promote homeownership and
neighborhood revitalization throughout the City of Fort Worth ("City") and is additionally an
eligible housing development entity which assists persons of low and moderate income in
acquiring and owning quality, accessible, affordable housing;
WHEREAS, in 2004, the Corporation acquired 22.265 acres of land, more or less,
including the White Lalce located between the 900 and 1400 blocks of Oakland Boulevard in
East Fort Worth for future development;
WHEREAS, the Corporation has received an offer to purchase the property from The
Catholic Diocese of Fort Worth which owns and operates Nolan High School on adjoining
property; and
WHEREAS, the Board desires to approve the sale of the White Lake property to The
Catholic Diocese of Fort Worth.
NOW THEREFORE, BE IT RE50LVED BY THE BOARD OF DIRECTORS OF THE
FORT WORTH HOUSING FINANCE CORPORATION:
1. THAT the Board approves the sale of 22.265 acres of land, inore or less, as more
particularly described in the attached Exhibit "A" (the "Property") to The Catholic
Diocese of Fort Worth for $107,000.00 plus the payment of common and customary
closing costs.
2. THAT the Board approves the execution and delivery of the sale and purchase agreement
for the sale of the Property, the execution and delivery of the deed, and the execution and
delivery of the closing statement and any other related documents necessary to complete
the sale of the Property.
3. THAT Tom Higgins, General Manager of the Corporation, or Jesus Chapa, Assistant
General Manager of the Corporation, are authorized to execute and deliver the sales and
purchase agreement for the sale of the Property, execute and deliver the deed and execute
the closing statement for and on behalf of the Corporation along with any related
documents necessary to sell the Property.
4. THAT this Resolution takes effect on the date of its adoption.
RESOLUTION NO. FWHFC-2011-17
PAGE 2
AND IT IS SO RESOLVED.
Adopted August 2, 2011.
FORT WORTH HOUSING FINANCE CORPORATION
By: �. _ 1 � �' �'�,�.�� ��t � �� � � �
I�athleen Hicks, President