HomeMy WebLinkAbout2021/10/19-Minutes-Fort Worth Housing Finance Corporation (FWHFC)CITY OF FORT WORTH, TEXAS
FORT WORTH HOUSING FINANCE CORPORATION
TUESDAY, OCTOBER 19, 2021
Present:
President Carlos Flores
Vice President Elizabeth Beck
Secretary Gyna M. Bivens
Director Mattie Parker (Arrived at 1:15)
Director Michael D. Crain
Director Cary Moon
Director Jared Williams (Arrived at 1:20)
Director Leonard Firestone (Arrived at 1:12)
Director Chris Nettles
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 (Corporation) at 1:10 p.m. on Tuesday, October 19,
2021, 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 14, 2021
Motion was made by Director Bivens and seconded by Director Beck to approve the
September 14, 2021, minutes of the Corporation as presented. The motion passed 6-0 (Directors
Parker, Nettles and Williams absent).
b. Joint Meeting with the Fort Worth Local Development Corporation Held on
September 21, 2021.
Motion was made by Director Moon and seconded by Director Moon to approve the
September 21, 2021, minutes of the Joint Called Meeting with the Fort Worth Local Development
Corporation Board as presented. The motion passed 6-0 (Directors Parker, Nettles and Williams
absent).
c. Consider and Adopt Resolution Authorizing Execution of a Contract in the Amount of
$198,460.00 with Interface Studio, LLC to Prepare the Las Vegas Trail Neighborhood
Transformation Plan
Ms. Amy Connolly, Administrator, provided an overview of the contract.
CITY OF FORT WORTH, TEXAS
FORT WORTH HOUSING FINANCE CORPORATION
TUESDAY, OCTOBER 19, 2021
PAGE 2 of 3
Motion was made by Director Crain and seconded by Director Bivens to adopt Resolution No.
FWHFC-2021-12, Authorizing Execution of a Contract in the Amount of $198,460.00 with
Interface Studio, LLC to Prepare the Las Vegas Trail Neighborhood Transformation Plan. Motion
passed 8-0 (Director Williams absent.)
d. Consider and Adopt Resolution Approving a Subordinate Loan in the Amount of
$1,000,000.00 to OPG Clifton Riverside Partners, LLC for the Development of the Clifton
Riverside Apartments Located at 2406 and 2412 E. Belknap Street
Amy Connolly, Administrator, provided information on this Resolution.
Motion was made by Director Moon and seconded by Director Bivens to adopt Resolution No.
FWHFC-2021-13 approving a subordinate loan in the amount of $1,000,000.00 to OPG Clifton
Riverside Partners, LLC for the development of the Clifton Riverside Apartments Located at 2406
and 2412 E. Belknap Street with an amended interest at or above the interest rate the borrower
receives on its first lien loan. Motion passed 9-0
e. Consider and Adopt Resolution Hiring Shackleford, Bowen, McKinley & Norton, LLP
as Legal Counsel for the Corporation and a General Partner Entity Which Would be
Owned by the Corporation for the Negotiation of Terms for a Potential Partnership and
if Approved by the Corporation, the Formation of the Partnership and the Development
of an Affordable Housing Development to be Known as Tobias Place
Amy Connolly, Administrator, provided information on this partnership.
Motion was made by Director Beck and seconded by Director Bivens to adopt Resolution
FWHFC-2021-14 hiring Shackleford, Bowen, McKinley & Norton, LLP as Legal Counsel for the
Corporation and a General Partner Entity which would be owned by the Corporation for the
negotiation of terms for a potential partnership and if approved by the Corporation, the formation
of the partnership and the development of an affordable housing development to be known as
Tobias Place.
f. Executive Session:
President Flores convened the executive session at 1:48 p.m. of the Board of Directors of the Fort
Worth Housing Finance Corporation to discuss the following:
a) To seek the advice of its attorney about pending or contemplated litigation, settlement
offers, or any matter in which the duty of the attorney for the Fort Worth Housing Finance
Corporation under the Texas Disciplinary Rules of Professional Conduct of the State Bar
of Texas clearly conflicts with the Texas Open Meetings Act [Tex. Govt. Code §551.071]:
i) legal issues concerning any current agenda item; and
ii) Legal issues concerning potential settlement of complaint at Reserve at Quebec
apartments (HUD Complaint 06-21-1440-8)
CITY OF FORT WORTH, TEXAS
FORT WORTH HOUSING FINANCE CORPORATION
TUESDAY, OCTOBER 19, 2021
PAGE 3 of 3
b) Discuss the purchase, sale, lease or value of real property, as authorized by Section 551.072
of the Texas Government Code, where 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.
President Flores adjourned the executive session at 2:03 p.m.
President Flores reconvened the regular session of the Board of Directors of the Fort Worth
Housing Finance Corporation at 2:03 p.m., on Tuesday, October 19, 2021.
g. Request 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 2:03 p.m. on Tuesday, October 19, 2021.
These minutes approved by the Fort Worth Housing Finance Corporation Board of Directors on
the 36 day of u , 2021.
APPRO E
Carlo ores
Vice resident
Gyna M. Bivens
Secretary
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Ronald P. Gonzales
Secretary