HomeMy WebLinkAbout2017/06/20-Minutes-Fort Worth Housing Finance Corporation (FWHFC)CITY OF FORT WORTH, TEXAS
FORT WORTH HOUSING FINANCE CORPORATION
TUESDAY, JUNE 20, 2017
Present:
President Salvador Espino
Vice President Kelly Allen Gray
Director Betsy Price (Arrived at 1:25 p.m.)
Director Brian Byrd (Arrived at 1:08 p.m.)
Director Cary Moon
Director Dennis Shingleton
Director Ann Zadeh
Absent:
Director Gyna Bivens
Director Jungus Jordan
1. Call to Order
With a quorum present, President Espino called the meeting to order for the Board of Directors
of the Fort Worth Housing Finance Corporation (Corporation) at 1:05 p.m. on Tuesday,
June 20, 2017, in the Pre -Council Chamber of the Fort Worth Municipal Building, 200 Texas
Street, Fort Worth, Texas.
2. Approval of Minutes from the Meeting Held on March 7, 2017
Motion was made by Director Allen Gray and seconded by Director Moon to approve the
March 7, 2017, minutes of the Corporation as presented. The motion passed 5-0. (Directors
Price, Bivens, Byrd and Jordan absent.)
3. Written Reports
a. Annual Audited Financial Statements as of September 30, 2016
b. Annual Letter from Auditors to Board of Directors
c. Unaudited Financial Reports through May 31, 2017
d. Property Sales Report
President Espino referenced the written report and opened the floor for discussion on the report.
There was no discussion on this item.
4. Consider and Adopt Resolutions for the Terrell Heights Single Family Infill
Development in the Historic Southside Neighborhood and for the Lee Avenue Single
Family Infill Development in the Northside Neighborhood
CITY OF FORT WORTH, TEXAS
FORT WORTH HOUSING FINANCE CORPORATION
TUESDAY, JUNE 20, 2017
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Ms. Avis Chaisson, Administrator, provided a PowerPoint presentation titled, "Approve Funding
for the Terrell Heights and Lee Avenue Single Family Infill Developments and Approve Related
Actions".
a. Resolution Approving $570,000.00 for the Terrell Heights Single Family Infill
Development;
b. Resolution Approving an Additional $470,000.00 for the Lee Avenue Single Family
Infill Development;
c. Resolution Ratifying the Purchase of 406 W. Central Avenue for the Lee Avenue Single
Family Infill Development, and
d. Resolution Authorizing a Contract with Fort Worth Area Habitat for Humanity, Inc.,
d/b/a Trinity Habitat for Humanity, or an Affiliate, to Act as General Contractor for the
Construction of the Houses for the Terrell Heights Single Family Infill and Lee Avenue
Single Family Infill Developments.
Mr. Gage Yeager, Trinity Habitat Executive Director, provided additional background
information on the project.
Director Shingleton made a motion, seconded by Director Allen Gray to approve Resolution No.
FWHFC-2017-02, Approving $570,000.00 for the Terrell Heights Single Family Infill
Development; Resolution No. FWHFC-2017-03, Approving an Additional $470,000.00 for the
Lee Avenue Single Family Infill Development; Resolution No. FWHFC-2017-04, Ratifying the
Purchase of 406 W. Central Avenue for the Lee Avenue Single Family Infill Development; and
Resolution No. FWHFC-2017-05, Authorizing a Contract with Fort Worth Area Habitat for
Humanity, Inc., d/b/a Trinity Habitat for Humanity, or an Affiliate, to Act as General Contractor
for the Construction of the Houses for the Terrell Heights Single Family Infill and Lee Avenue
Single Family Infill Developments. The motion carried 5-2 (Directors Byrd and Moon
dissenting; Directors Bivens and Jordan absent.)
5. Executive Session
President Espino stated that he had been advised that an executive session was not necessary on
the following items:
a. Seek the advice of its attorneys concerning the following items that are exempt from
public disclosure under Article X, Section 9 of the Texas State Bar Rules, as authorized
by Section 551.071 of the Texas Government Code: (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
CITY OF FORT WORTH, TEXAS
FORT WORTH HOUSING FINANCE CORPORATION
TUESDAY, JUNE 20, 2017
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c. Discuss or deliberate negotiations relating to any economic development negotiations, as
authorized by Section 551.087 of the Texas Government Code.
6. Request for Future Agenda Items
President Espino requested an update to the Housing 101 presentation.
7. Adjourn
With no further discussion, President Espino adjourned the meeting of the Fort Worth Housing
Finance Corporation at 1:59 p.m. on Tuesday, June 20, 2017.
These minutes approved by the Fort Worth Housing Finance Corporation Board of Directors on
the lst day of August, 2017.
ATTEST:
Mary J. Kayse
City Secretary