HomeMy WebLinkAboutResolution Fort Worth Housing Finance Corporation (FWHFC) FWHFC-2012-08RESOLUTION NO. FWHFC-2012-08
FORT WORTH HOUSING FINANCE CORPORATION
A RESOLUTION
APPROVING PREDEVELOPMENT CONTRACTS FOR THE LEE AVENUE
HOMES PROJECT INCLUDING A CONTRACT WITH IBANEZ
ARCHITECTURE, LLC
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 local governments, lenders, private
industry and neighborhood-based non profit housing organizations to benefit low and
very low income City citizens by providing them with quality, accessible, affordable
housing;
WHEREAS, on June 7, 2011, the Board of Directors of the Corporation adopted
Resolution No. FWHFC-2011-13 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 four (4) tax-foreclosed
lots from the City and develop the Lee Avenue Homes in the Near Northside area of the
City for sale to HOME-eligible buyers;
WHEREAS, on June 14, 2012, the City Council approved M&C G24975 which
awarded the Corporation $1,000,000.00 of the City's HOME funds and approved the
direct sale of the four (4) tax-foreclosed properties to the Corporation for the project;
WHEREAS, it is necessary to hire an architect to design floorplans with
elevations for single family dwellings for the project that will complement the
architectural styles of the neighborhood and meet any specific neighborhood and Texas
Historic Commission requirements, and also to provide construction documents and
oversight;
WHEREAS, it is also necessary to enter into contracts for other predevelopment
activities including but not limited to environmental studies, testing, suiveys, and title
work necessary to prepare for the construction phase of the project; and
RESOLUTION NO. I+WHFC-2012-08
PAGE 2
WHEREAS, the Board desires to enter into a contract with Ibanez Architects,
LLC for $61,000.00 to provide architectural services for the development of the Lee
Avenue Townhomes and to approve other necessary contracts for predevelopment
activities for the Lee Avenue Homes.
NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF
DIRECTORS OF THE FORT WORTH HOUSING FINANCE CORPORATION
(THE "BOARD"):
1. THAT the Board approves the execution and delivery of a contract by and
between the Corporation and Ibanez Architecture, LLC (the "Contract") for
$61,000.00 to provide architectural services for the development of the Lee
Avenue Homes.
2. THAT the Board approves the execution and delivery of contracts for
predevelopment activities and services necessary to prepare for the construction
phase of the project for a total cost not to exceed $30,000.00 (collectively, the
"Predevelopment Contracts").
3. THAT the Board approves all related activities necessary to prepare for the
construction of single family dwellings for the project.
4. 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 and the Predevelopment 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 Predevelopment
Contracts, provided any such extensions, modifications and amendments are
within the scope of the project, in compliance with City Ordinances, and the goals
and purposes of the Corporation as amended from time to time.
4. THAT this Resolution takes effect on the date of its adoption.
AND IT IS SO RESOLVED.
Adopted October 2, 2012.
FORT WORTH HOUSING FINANCE CORPORATION
By:
Salvador Espino, •esident