HomeMy WebLinkAbout2018/05/01-Minutes-Fort Worth Housing Finance Corporation (FWHFC)CITY OF FORT WORTH, TEXAS
FORT WORTH HOUSING FINANCE CORPORATION
TUESDAY, MAY 1, 2018
Present:
President Kelly Allen Gray
Vice President Jungus Jordan
Secretary Gyna M. Bivens
Director Carlos Flores
Director Brian Byrd
Director Cary Moon
Director Dennis Shingleton
Director Ann Zadeh
Absent:
Director Betsy Price
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, May 1, 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 February 6, 2018
Motion was made by Director Bivens and seconded by Director Zadeh to approve the
February 6, 2018, minutes of the Corporation as presented. The motion passed 8-0. (Director
Price absent.)
3. Written Reports
a. Unaudited Financial Reports through March 31, 2018
President Allen Gray referenced the written reports and opened the floor for discussion on the
report. There was no discussion on the reports.
4. Consider and Adopt Resolution Authorizing the Winding Up of the Villas of Eastwood
Terrace, LLC.
Mr. Aubrey 'Thagard, Assistant General Manager, provided a PowerPoint presentation titled,
"Authorizing the Winding Up of the Villas of Eastwood Terrace, LLC". He clarified that the
term "winding up" referred to the dissolution of a corporate entity.
CITY OF FORT WORTH; TEXAS
FORT WORTH HOUSING FINANCE CORPORATION
TUESDAY, MAY 1, 2018
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Motion was made by Director Bivens and seconded by Director Jordan to approve Resolution
No. FWHFC-2018-02, Authorizing the Winding Up of the Villas of Eastwood Terrace, LLC.,
with direction to staff to provide a presentation regarding the financials and a repayment plan for
the Villas of Eastwood Terrace, LLC at the June 2018, meeting. The motion passed 8-0.
(Director Price absent.)
5. Consider and Adopt Resolution Authorizing the Sale of 5 Lots in the Stop Six
Neighborhood to Riverside Home Builders
Mr. Chad LaRoque, Acting Housing Development and Grants Manager, provided a PowerPoint
presentation titled, "Authorizing the Sale of 5 Lots in the Stop Six Neighborhood to Riverside
Home Builders".
Motion was made by Director Bivens and seconded by Director Moon to approve Resolution No.
FWHFC-2018-03, Authorizing the Sale of 5 Lots Located in the Stop Six Neighborhood to
Riverside Home Builders, Ltd., for the Development of Affordable Single Family Housing. The
motion passed 8-0. (Director Price absent.)
6. Executive Session
There was no Executive Session
7. Request for Future Agenda Items
Director Byrd requested that staff provide a report on the Corporation's investment policy as it
pertains to restricted and unrestricted accounts.
8. Adjourn
With no further discussion, President Allen Gray adjourned the meeting of the Fort Worth
Housing Finance Corporation at 2:56 p.m. on Tuesday, May 1, 2018.
These minutes approved by the Fort Worth Housing Finance Corporation Board of Directors on
the 21 st day of August, 2018.
. CITY OF FORT WORTH, TEXAS
FORT WORTH HOUSING FINANCE CORPORATION
TUESDAY, MAY 1, 2018
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GynLk Bivens
Secretary
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Rbnald P. Gonzales
Assistant City Secretary