HomeMy WebLinkAbout2015/12/01-Minutes-Fort Worth Housing Finance Corporation (FWHFC)CITY OF FORT WORTH, TEXAS
FORT WORTH HOUSING FINANCE CORPORATION
TUESDAY, DECEMBER 1, 2015
Present:
President Salvador Espino
Vice President Kelly Allen Gray
Director Cary Moon
Director W.B. "Zim" Zimmerman
Director Gyna Bivens
Director Jungus Jordan
Director Dennis Shingleton (Arrived at 2:35 p.m.)
Director Ann Zadeh
Absent:
Director Betsy Price
1. Call to Order.
With a quorum present, President Espino called the meeting to order for the Board of Directors
of the Fort Worth Housing Finance Corporation (Corporation) at 2:20 p.m. on Tuesday,
December 1, 2015, in the Pre -Council Chamber of the Fort Worth Municipal Building, 1000
Throckmorton Street, Fort Worth, Texas.
2. Approval of Minutes from the Meetings Held on October 27, 2015.
Motion was made by Director Bivens and seconded by Director Zimmerman to approve the
October 27, 2015, minutes of the Corporation as presented. The motion passed 7-0 (Directors
Price and Shingleton absent).
3. Consider and Adopt Resolution to Appoint Fernando Costa as General Manager
There was no discussion on this item.
Motion was made by Director Allen Gray and seconded by Director Zadeh to approve
Resolution No. FWHFC-2015-18, Appointing Fernando Costa as General Manager of the Fort
Worth Housing Finance Corporation. The motion passed 7-0 (Directors Price and Shingleton
absent).
Fernando Costa, General Manager, advised that the General Manager had the authority to
appoint an Assistant General Manager and that Aubrey Thagard, Neighborhood Service Director,
would serve in that capacity.
4. Written Reports.
a. President Espino referenced the Financial Report through October 30, 2015, and opened
the floor for discussion on the report. There was no discussion on this item.
CITY OF FORT WORTH, TEXAS
FORT WORTH HOUSING FINANCE CORPORATION
TUESDAY, DECEMBER 1, 2015
PAGE
5. Executive Session.
President Espino stated that he had been advised there was no need for an executive session to
discuss the following items:
a. Seek the advice of its attorneys concerning the following items that are exempt from
public disclosure under Article X, Section 9, of the Texas State Bar Rules, as authorized
by Section 551.071 of the Texas Government Code: (i) legal issues concerning any
current agenda item; and
b. Discuss the purchase, sale, lease or value of real property, as authorized by Section
551.072 of the Texas Government Code. Deliberation in an open meeting would have a
detrimental effect on the position of the Corporation in negotiations with a third party;
and
c. Discuss or deliberate negotiations relating to any economic development negotiations, as
authorized by Section 551.087 of the Texas Government Code.
6. Consider and Adopt Resolution Approving the Sale of Five Lots Located at 5514 to 5532
Shiloh Drive in the Como Neighborhood to H.O.P.E. Farm, Inc. for the Development of a
Community Facility
Ms. Allison Gray, Neighborhood Services Department Interim Director, provided a PowerPoint
presentation titled, "Proposed Sale of 5 Residential Lots to Hope Farm". She advised of the
background of the project which pertained to five contiguous lots adjacent to Vickery Blvd. She
displayed an aerial view of the proposed location, the proposed site plan that was subject to
change, renderings of the buildings and proposed elevations. She provided the terms of the sale
which included the purchase price of $40,000.00 ($8,000.00 per lot); independent contractor
consideration of $500.00; earnest money of $1,000.00; due diligence of 120 days with two 30-
day extensions; closing 30 days after due diligence with two 30-day extensions and with the
closing contingent upon neighborhood support, zoning change from A-5 to CF and replatting of
the properties. She concluded her presentation by stating that staff recommended the Board
adopt the resolution authorizing the sale of five lots in the Como neighborhood to Hope Farm for
a community facility.
Motion was made by Director Zimmerman and seconded by Director Jordan to approve
Resolution No. FWHFC-2015-19, Approving the Sale of Five Lots Located at 5514 to 5532
Shiloh Drive in the Como Neighborhood to H.O.P.E. Farm, Inc. for the Development of a
Community Facility. The motion passed 7-0 (Directors Price and Shingleton absent).
7. Powers and Duties of Texas Housing Finance Corporations
Ms. Vicki Ganske, Senior Assistant City Attorney, Law Department, provided a PowerPoint
presentation titled, "Powers and Duties of Texas Housing Finance Corporations".
There was no discussion or action needed on this item.
CITY OF FORT WORTH, TEXAS
FORT WORTH HOUSING FINANCE CORPORATION
TUESDAY, DECEMBER 1, 2015
PAGE 3
8. Requests for Future Agenda Items.
President Espino requested that staff provide a briefing on Housing Trust Funds and how they
are used.
9. Adjourn.
With no further discussion, President Espino adjourned the meeting of the Fort Worth Housing
Finance Corporation Board at 2:50 p.m. on Tuesday, December 1, 2015.
These minutes approved by the Fort Worth Housing Finance Corporation Board of Directors on
the 2nd day of February, 2016.
APP O D:
alvador Espino,
President
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Gyna M. Bivens
Secretary
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City Secret