HomeMy WebLinkAboutResolution Fort Worth Housing Finance Corporation (FWHFC) FWHFC-2013-03RESOLUTION NO. FWHFC-2013-03
FORT WORTH HOUSING FINANCE CORPORATION
A RESOLUTION AUTHORIZING THE SALE OF 5401 E. BERRY TO
THE FORT WORTH LOCAL DEVELOPMENT CORPORATION
WHEREAS, the Fort Worth Housing Finance Corporation (the "Corporation") seelcs 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 an approximately 3.3 acre tract of
undeveloped commercial land located at 5401 E. Berry for future housing development;
WHEREAS, in 2005 the City created the Berry/Stalcup Urban Village which included
the property in its plans for pedestrian friendly mixed use and neighborhood retail development
within walking distance of surrounding residences;
WHEREAS, the Fort Worth Local Development Corporation has expressed an interest in
development of the tract for retail or mixed use in line with the goals of the Berry/Stalcup Urban
Village Plan; and
WHEREAS, the Board desires to approve the sale of 5401 E. Berry to the Fort Worth
Local Development Corporation.
NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF
THE FORT WORTH HOUSING FINANCE CORPORATION:
THAT the Board approves the sale of 3.3 acres of land, more or less, commonly lcnown
as 5401 E. Berry (the "Property") to the Fort Worth Local Development Corporation for
$15,180.60 plus the payment by the purchaser of all 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 sale 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.
TWHFC RESOLUTION NO. FWHFG2013-03
PAGE 2
4. THAT this Resolution takes effect on the date of its adoption.
AND IT IS SO RESOLVED.
Adopted May 7, 2013.
FORT WORTH HOUSING FINANCE CORPORATION
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By:
Salvador Espino, esident