HomeMy WebLinkAbout2022/09/27-Minutes-Fort Worth Housing Finance Corporation (FWHFC)CITY OF FORT WORTH, TEXAS
FORT WORTH HOUSING FINANCE CORPORATION
TUESDAY, SEPTEMBER 27, 2022
Present:
President Carlos Flores
Vice President Elizabeth Beck
Director Mattie Parker
Director Michael D. Crain
Director Alan Blaylock
Director Leonard Firestone
Director Chris Nettles
Absent:
Secretary Gyna M. Bivens
Director Jared Williams
Staff:
Fernando Costa, Assistant City Manager
Victor Turner, Assistant General Manager
Reginald Zeno, Treasurer (Absent)
Jo Ann Gunn, Senior Assistant City Attorney
Jannette S. Goodall, City Secretary
1. Call to Order
With a quorum present, President Flores called the meeting to order for the Board of Directors of
the Fort Worth Housing Finance Corporation at 1:47 p.m. on Tuesday, September 27, 2022, in the
City Council Conference Room, Room 2020 of the Fort Worth Municipal Building, 200 Texas
Street, Fort Worth, Texas.
2. Approval of Minutes
a. Regular Meeting Held on August 23, 2022
Motion was made by Director Crain and seconded by Director Nettles to approve the
August 23, 2022, meeting minutes. The motion passed on a 7-0 vote with Secretary Bivens
and Director Williams absent.
3. Written Reports
a. Unaudited Financial Statement as of August 31, 2022
b. Investment Report as of June 30, 2022
CITY OF FORT WORTH, TEXAS
FORT WORTH HOUSING FINANCE CORPORATION
TUESDAY, SEPTEMBER 27, 2022
PAGE 2 of 3
There was no discussion on the reports; they were for informational purposes only.
4. Consider and Adopt Resolution Approving the Budget for the 2022-2023 Fiscal Year —
Victor Turner, Assistant General Manager
Motion was made by Director Crain and seconded by Vice -President Beek to approve
Resolution No. FWHFC-2022-11, approving the budget for the 2022-2023 Fiscal Year. The
motion passed on a 7-0 vote with Secretary Bivens and Director Williams absent.
5. Review and Readopt the Corporation's Investment Policy and Strategy — John R.
Samford, Assistant Finance Director and City Treasurer
Motion to readopt the Corporation's Investment Policy and Strategy was approved on Director
Nettles' motion and seconded by Director Parker on a 7-0 vote with Secretary Bivens and
Director Williams absent.
6. Update on the Proposed Tobias Place Project — Amy Connolly, Neighborhood Services
Presentation was made by Amy Connolly, Neighborhood Services Department.
5. Executive Session
There was no Executive Session.
6. Requests for Future Agenda Items
— Director Flores requested clarification on the type of investment strategy best suited for
high interest rate environments.
— Vice -President Beck requested information on the number of projects that might be
impacted by the increase in interest rates.
7. Adjourn
With no further discussion, President Flores adjourned the meeting of the Fort Worth Housing
Finance Corporation at 2:19 p.m. on Tuesday, September 27, 2022.
These minutes approved by the Fort Worth Housing Finance Corporation Board of Directors on
the 25"' day of October, 2022.
APPROVE
Carlos Flores
President
CITY OF FORT WORTH, TEXAS
FORT WORTH HOUSING FINANCE CORPORATION
TUESDAY, SEPTEMBER 27, 2022
PAGE 3 of 3
Gyna . Bivens
Secretary
ATTEST:
nnette S. Goodall
C ty Secretary