HomeMy WebLinkAboutResolution Fort Worth Housing Finance Corporation (FWHFC) FWHFC-2013-02RESOLUTION NO. FWHFC-2013-02
FORT WORTH HOUSING FINANCE CORPORATION
A RESOLUTION ACCEPTING THE PROPOSED CAVILE
PLACE/HISTORIC STOP SIX NEIGHBORHOOD
TRANSFORMATION PLAN
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 and promoting housing, and assisting low to
moderate income City citizens in acquiring quality, accessible, affordable housing
through lending and construction activities;
WHEREAS, the Housing Authority of the City of Fort Worth, commonly lcnown
as the Fort Worth Housing Authority ("FWHA"), owns and operates the J.A. Cavile
Place Addition Apartments located at 1401 Etta Street off East Rosedale Street in East
Fort Worth in the Cavile Place neighborhood, which is part of the larger Historic Stop Six
neighborhood;
WHEREAS, the FWHA requested that the Corporation partner with it to develop
a plan for the revitalization of the apartments and the surrounding Cavile Place and
Historic Stop Six neighborhoods which would be included in its applications for available
grants for the project. Grant funds from various federal government programs, including
the HOPE VI grant program, as well as other sources, are available to assist with the
redevelopment of public housing and surrounding neighborhoods;
WHEREAS, the Corporation and the City together own 117 properties in the
study area which is bounded on the north by Old Handley Road, on the west by Lloyd
Avenue, on the south by Ramey Avenue and on the east by Stalcup Road;
WHEREAS, the FWHA entered into a contract with Gilmore Kean, LLC, to
prepare a revitalization plan to be developed with input from neighborhood residents and
other stakeholders, which will include strategies to create commercial and residential
development as well as other social seivices;
WHEREAS, on January 10, 2012, the Board approved and accepted a contract
with the FWHA for $200,000 for payment of a portion of the cost of the redevelopment
plan for the J. A. Cavile Place Addition Apartments and the Cavile Place neighborhood;
FWHrC RESOLUTION NO. FWHFG2013-02
PAGE 2
WHEREAS, the study area for the revitalization plan also includes the Historic
Stop Six neighborhood so the naine of the plan should be changed to the Cavile
Place/Historic Stop Six Neighborhood Transformation Plan to more accurately reflect the
targeted neighborhoods;
WHEREAS, Gilmore Kean, LLC, along with other consultant team members,
has prepared a proposed Cavile Place/Historic Stop Six Neighborhood Transformation
Plan for approval and presentation to the City Council and the public for adoption; and
WHEREAS, the Board desires to accept the proposed Cavile Place
Neighborhood Transformation Plan.
NOW THEREFORE, BE RESOLVED BY THE BOARD OF DIRECTORS
OF THE FORT WORTH HOUSING FINANCE CORPORATION:
1. THAT the Board accepts the proposed Cavile Place/Historic Stop Six
Neighborhood Transformation Plan (the "Plan").
2. THAT Tom Higgins, General Manager of the Corporation, or Jesus Chapa,
Assistant General Manager of the Corporation, are each authorized to negotiate
and approve the terms of, and to execute and deliver contracts for and on behalf of
the Corporation along with any related documents necessary to implement the
Plan, and each may extend, modify and amend any such contracts, provided any
such extensions, modiiications and amendments are in compliance with the P1an
and the goals and purposes of the Corporation as amended from time to time.
3. THAT Tom Higgins, General Manager of the Corporation, or Jesus Chapa,
Assistant General Manager of the Corporation, are each authorized to take such
other action in the implementation of the Plan and to do any and all other acts and
things necessary or proper in the furtherance of the Plan as they shall deem to be
necessary or desirable.
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: U
Salvador Espino, Presi ent