HomeMy WebLinkAbout2017/10/24-Minutes-Fort Worth Housing Finance Corporation (FWHFC)CITY OF FORT WORTH, TEXAS
FORT WORTH HOUSING FINANCE CORPORATION
TUESDAY, OCTOBER 24, 2017
Present:
Vice President Jungus Jordan
Secretary Gyna M. Bivens
Director Betsy Price
Director Carlos Flores
Director Cary Moon
Director Dennis Shingleton
Director Ann Zadeh
Absent:
President Kelly Allen Gray
Director Brian Byrd
1. Call to Order
With a quorum present, Vice President Jordan called the meeting to order for the Board of
Directors of the Fort Worth Housing Finance Corporation (Corporation) at 2:03 p.m. on
Tuesday, October 24, 2017, 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 September 26, 2017
Motion was made by Director Moon and seconded by Director Flores to approve the
September 26, 2017, minutes of the Corporation as presented. The motion passed 7-0.
(President Allen Gray and Director Byrd absent.)
3. Written Reports
a. Unaudited Financial Reports through September 30, 2017.
Vice President Jordan referenced the written report and opened the floor for discussion on the
report. There was no discussion on this item.
4. Executive Session
Vice President Jordan convened the executive session at 2:05 p.m., to discuss 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
CITY OF FORT WORTH, TEXAS
FORT WORTH HOUSING FINANCE CORPORATION
TUESDAY, OCTOBER 24, 2017
PAGE 2 of 3
by Section 551.071 of the Texas Government Code: (i) legal issues concerning any
current agenda item; and (ii) legal issues related to Community Development Block
Grant obligations under City Secretary Contract Number 47953; 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.
Vice President Jordan adjourned the executive session at 2:48 p.m.
Vice President Jordan reconvened the regular session of the Fort Worth Housing Finance
Corporation at 2:49 p.m., on Tuesday, October 24, 2017.
5. Consider and Adopt Corporation Policies for Investments, Reserves and Purchase
Cards
Mr. Aaron Bovos, Treasurer and CFO, provided a PowerPoint presentation titled, "Finance
Policies — Investment, Reserve, Procurement."
Director Price made a motion, seconded by Director Moon, to adopt the Corporation Policies for
Investments, Reserves and Purchase Cards. The motion carried 7-0. (President Allen Gray and
Director Byrd absent.)
6. Presentation on Land Banking Program
This presentation was delayed until a future meeting.
7. Request for Future Agenda Items
There were no requests for future agenda items.
9. Adjourn
With no further discussion, Vice President Jordan adjourned the meeting of the Fort Worth
Housing Finance Corporation at 2:54 p.m. on Tuesday, October 24, 2017.
These minutes approved by the Fort Worth Housing Finance Corporation Board of Directors on
the 7"' day of November, 2017.
CITY OF FORT WORTH, TEXAS
FORT WORTH HOUSING FINANCE CORPORATION
TUESDAY, OCTOBER 24, 2017
PAGE 3 of 3
ATTEST:
Mary J. Kayswi
City Secretary