HomeMy WebLinkAbout2018/02/06-Minutes-Fort Worth Housing Finance Corporation (FWHFC)CITY OF FORT WORTH, TEXAS
FORT WORTH HOUSING FINANCE CORPORATION
TUESDAY, FEBRUARY 6, 2018
Present:
President Kelly Allen Gray
Vice President Jungus Jordan
Secretary Gyna M. Bivens
Director Betsy Price
Director Carlos Flores
Director Brian Byrd (Arrived at 2:32 p.m.)
Director Cary Moon (Arrived at 2:32 p.m.)
Director Dennis Shingleton
Director Ann Zadeh
1. Call to Order
With a quorum present, President Allen Gray called the meeting to order for the Board of
Directors of the Fort Worth Housing Finance Corporation (Corporation) at 2:30 p.m. on
Tuesday, February 6, 2018, in the City Council Conference Room, Room 290 of the Fort Worth
Municipal Building, 200 Texas Street, Fort Worth, Texas.
2. Approval of Minutes from the Meeting Held on December 5, 2017
Motion was made by Director Bivens and seconded by Director Flores to approve the
December 5, 2017, minutes of the Corporation as presented. The motion passed 7-0. (Directors
Byrd and Moon absent.)
3. Written Reports
a. Unaudited Financial Reports through December 31, 2017
b. Publicly Traded Affordable Housing Developers
c. Annual Audited Financial Statements as of September 30, 2017
President Allen Gray referenced the written reports and opened the floor for discussion on the
report. There was no discussion on the reports.
4. Presentation on Corporation's Fiscal Year 2017 Annual Financial Audit
Mr. Matt Stille, Managing Partner CohnReznick, LLP, provided a PowerPoint presentation titled,
"Review of Audited Financial Statements for the Year Ended September 30, 2017".
There was no action taken on this item; it was for informational purposes.
CITY OF FORT WORTH, TEXAS
FORT WORTH HOUSING FINANCE CORPORATION
TUESDAY, FEBRUARY 6, 2018
PAGE 2 of 3
5. Consider and Adopt Resolution Authorizing an Agreement with Fort Worth Housing
Solutions and Tarrant County Homeless Coalition to Retain Strategic Community
Solutions, LLC to Provide Consulting Services for an Affordable Housing Strategic Plan
Mr. Aubrey Thagard, Assistant General Manager, provided a PowerPoint presentation titled,
"Adopt Resolution Authorizing an Agreement with Fort Worth Housing Solutions and Tarrant
County Homeless Coalition to Retain Strategic Community Solutions, LLC to Provide
Consulting Services for an Affordable Housing Strategic Plan".
Motion was made by Director Shingleton and seconded by Director Price to approve Resolution
No. FWHFC-2018-01, Authorizing an Agreement with Fort Worth Housing Solutions and
Tarrant County Homeless Coalition to Retain Strategic Community Solutions, LLC to Provide
Consulting Services for an Affordable Housing Strategic Plan. The motion passed 9-0.
6. Executive Session
President Allen Gray stated she had been advised that there was no need for an executive
session, to discuss the following items:
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 to the City Council 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
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.
7. Request for Future Agenda Items
Mr. Fernando Costa, Assistant City Manager, advised the Board that Ms. Avis Chaisson,
Administrator, had accepted a position with the City of Dallas. He added that her last day of
work would be February 16, 2018, and commended her for work for the City and FWHFC.
9. Adjourn
With no further discussion, President Allen Gray adjourned the meeting of the Fort Worth
Housing Finance Corporation at 2:54 p.m. on Tuesday, February 6, 2018.
CITY OF FORT WORTH, TEXAS
FORT WORTH HOUSING FINANCE CORPORATION
TUESDAY, FEBRUARY 6, 2018
PAGE 3 of 3
These minutes approved by the Fort Worth Housing Finance Corporation Board of Directors on
the 1" day of May, 2018.
Secretary
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onald P. Gonzales
Assistant City Secretary