HomeMy WebLinkAbout2022/10/25-Minutes-Fort Worth Housing Finance Corporation (FWHFC)CITY OF FORT WORTH, TEXAS
FORT WORTH HOUSING FINANCE CORPORATION
TUESDAY, OCTOBER 25, 2022
Present:
President Carlos Flores
Vice President Elizabeth Beck
Secretary Gyna M. Bivens
Director Michael D. Crain
Director Alan Blaylock
Director Leonard Firestone
Director Chris Nettles
Absent:
Director Mattie Parker
Director Jared Williams
Staff:
Fernando Costa, Assistant City Manager
Victor Turner, Assistant General Manager
Reginald Zeno, Treasurer
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 11:00 a.m. on Tuesday, October 25, 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 September 27, 2022
Motion was made by Director Nettles and seconded by Director Blaylock to approve the
September 27, 2022, meeting minutes. The motion passed on a 7-0 vote, Directors Parker and
Williams absent.
3. Written Reports
a. Unaudited Financial Statement as of September 30, 2022
b. Investment Report as of September 30, 2022
CITY OF PORT WORTH, TEXAS
FORT WORTH HOUSING FINANCE CORPORATION
TUESDAY, OCTOBER 25, 2022
PAGE 2 of 3
There was no discussion on the reports; they were for informational purposes only.
4. Consider and Approve Amendment to Resolution FWHFC-2021-20 to Change a Portion
of the Funding Provided for the Development of Tobias Place in the Amount of
$370,281.65 from a Forgivable Loan to a Grant to Reimburse Specified Pre -Development
Costs — Amy Connolly, Neighborhood Services
Motion was made by Vice President Beck and seconded by Secretary Bivens to approve
Resolution No. FWHFC-2022-12, approving Amendment to Resolution FWHFC-2021-20 to
Change a Portion of the Funding Provided for the Development of Tobias Place in the Amount of
$370,281.65 from a Forgivable Loan to a Grant to Reimburse Specified Pre -Development Costs.
The motion passed on a 7-0 vote, Directors Parker and Williams absent.
5. Consider and Approve Amendment to Resolution FWHFC-2022-05 to Allow the FWHFC
to Secure Sales Tax Exemption in the Approximate Amount of $300,000.00 by Serving as
Part of a Joint Venture Instead of as the General Contractor for the Development of
Palladium Oak Grove — Amy Connolly, Neighborhood Services
Motion was made by Vice President Beck and seconded by Director Crain to approve Resolution
No. FWHFC-2022-13, approving Amendment to Resolution FWHFC-2022-05 to Allow the
FWHFC to Secure Sales Tax Exemption in the Approximate Amount of $300,000.00 by Serving
as Part of a Joint Venture Instead of as the General Contractor for the Development of Palladium
Oak Grove. The motion passed on a 7-0 vote, Directors Parker and Williams absent.
6. Executive Session
There was no Executive Session.
7. Requests for Future Agenda Items
There were no requests for future agenda items.
8. Adjourn
With no further discussion, President Flores adjourned the meeting of the Fort Worth Housing
Finance Corporation at 11:13 a.m. on Tuesday, October 25, 2022.
These minutes approved by the Fort Worth Housing Finance Corporation Board of Directors on
the 291h day of November, 2022.
APPRO
Carlos Flores
President
CITY OF FORT WORTH, TEXAS
FORT WORTH HOUSING FINANCE CORPORATION
TUESDAY, OCTOBER 25, 2022
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ATTEST:
J ette S. Goodall
it Secretary