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Home My WebLink About2017/11/07-Minutes-Fort Worth Housing Finance Corporation (FWHFC)CITY OF FORT WORTH, TEXAS FORT WORTH HOUSING FINANCE CORPORATION TUESDAY, NOVEMBER 7, 2017 Present: President Kelly Allen Gray Vice President Jungus Jordan Secretary Gyna M. Bivens Director Carlos Flores Director Cary Moon Director Ann Zadeh Absent: Director Betsy Price Director Brian Byrd Director Dennis Shingleton 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 2:04 p.m. on Tuesday, November 7, 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 October 24, 2017 Motion was made by Director Bivens and seconded by Director Zadeh to approve the October 24, 2017, minutes of the Corporation as presented. The motion passed 6-0. (Directors Price, Byrd and Shingleton absent.) 3. Remarks on 2017 Texas Association of Local Housing Finance Agencies Conference Mr. Fernando Costa, General Manager, advised the Board that Fort Worth recently hosted the conference and that Fort Worth was a recipient of two top awards — Team Achievement Award was presented for the partnership between the FWHFC and NRP Group in recognition of the successful delivery over 1,000 affordable housing units over a seven-year period in Districts 2, 3, 4, 8 and 9, and the Outstanding Project in Texas for Columbia in Renaissance Square in District 8. There was no discussion on this item; it was for informational purposes. 4. Remarks on Proposed Strategic Plan for Affordable Housing CITY OF FORT WORTH, TEXAS FORT WORTH HOUSING FINANCE CORPORATION TUESDAY, NOVEMBER 7, 2017 PAGE 2 of 4 Mr. Costa provided an update on staff s efforts on the strategic plan and advised that a briefing from Fort Worth Housing Solutions would be presented on November 14, 2017 and from the Tarrant County Homeless Coalition on December 12, 2017, during City Council Work Sessions. There was no discussion on this item; it was for informational purposes. 5. Presentation on the Corporation's Land Banking Program This item was delayed until the end of the agenda. 6. Consider and Adopt a Resolution Approving an Agreement with Housing Channel, Inc. for Permanent Supportive Housing Units and $75,000.00 for Supportive Services for the Beaty Street Apartments Located at 5529 Beaty Street Ms. Alice Cruz, Acting Housing Development and Grants Manager, provided a PowerPoint presentation titled, "Approve an Agreement with Housing Channel, Inc. for Permanent Supportive Housing and Funding for the Beaty Street Apartments Located at 5529 Beaty Street." Motion was made by Director Bivens and seconded by Director Moon to approve Resolution No. FWHFC-2017-09, Approving an Agreement with Housing Channel, Inc. for Permanent Supportive Housing Units and $75,000.00 for Supportive Services for the Beaty Street Apartments Located at 5529 Beaty Street. The motion passed 6-0. (Directors Price, Byrd and Shingleton absent.) 7. Consider and Adopt Resolution Approving a Subordinate Loan of $750,000.00 to Mistletoe Station, LLC for the Mistletoe Station Apartments Located at 1916 Mistletoe Boulevard and Authorize the Corporation to Act as General Contractor for the Development Ms. Avis Chaisson, Administrator, provided a PowerPoint presentation titled, "Consideration of Actions Related to the Mistletoe Station Apartments Located at 1916 Mistletoe Boulevard." Motion was made by Director Zadeh and seconded by Director Bivens to approve Resolution No. FWHFC-2017-10, Approving a Subordinate Loan of $750,000.00 to Mistletoe Station, LLC for the Mistletoe Station Apartments Located at 1916 Mistletoe Boulevard and Authorize the Corporation to Act as General Contractor for the Development. The motion passed 6-0. (Directors Price, Byrd and Shingleton absent.) 8. Consider and Adopt Resolution Confirming the Signatory Authority of the General Manager and Assistant General Manager to Execute Documents on Behalf of the Corporation and its Partnerships, and Ratifying all Acts Previously Taken Ms. Vicki Ganske, Senior Assistant City Attorney, explained that this resolution was created to satisfy a requirement of the Texas Department and Community Affairs. CITY OF FORT WORTH, TEXAS FORT WORTH HOUSING FINANCE CORPORATION TUESDAY, NOVEMBER 7, 2017 PAGE 3 of 4 Motion was made by Director Zadeh and seconded by Director Moon Bivens to approve Resolution No. FWHFC-2017-11, Confirming the Signatory Authority of the General Manager and Assistant General Manager to Execute Documents on Behalf of the Corporation and its Partnerships, and Ratifying all Acts Previously Taken. The motion passed 6-0. (Directors Price, Byrd and Shingleton absent.) 5. Presentation on the Corporation's Land Banking Program President Allen Gray advised that information on this agenda item would be provided in a written report at the next meeting. 9. 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. 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 (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. 10. Request for Future Agenda Items Director Moon requested staff provide information pertaining to FWHFC partnership properties that have been awarded housing tax credits and do not pay property tax compared to other tax credit properties that do pay property taxes. 9. Adjourn With no further discussion, President Allen Gray adjourned the meeting of the Fort Worth Housing Finance Corporation at 2:57 p.m. on Tuesday, November 7, 2017. These minutes approved by the Fort Worth Housing Finance Corporation Board of Directors on the 51h day of December, 2017. CITY OF FORT WORTH, TEXAS FORT WORTH HOUSING FINANCE CORPORATION TUESDAY, NOVEMBER 7, 2017 PAGE 4 of T: n / ' Ronald P. Gonzales Assistant Secretary