HomeMy WebLinkAbout2019/04/02-Minutes-Fort Worth Housing Finance Corporation (FWHFC)CITY OF FORT WORTH, TEXAS
FORT WORTH HOUSING FINANCE CORPORATION
TUESDAY, APRIL 2, 2019
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, April 2, 2019, 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 4, 2018
Motion was made by Director Bivens and seconded by Director Moon to approve the
August 21, 2018, minutes of the Corporation as presented. The motion passed 8-0 (Director
Price absent).
3. Written Reports
A
a. Unaudited Financial Statements as of February 28, 2019
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 Approving a Subordinate Loan of $700,000.00 to
Columbia Renaissance Square II, L.P., for the Columbia Renaissance Square II Senior
Apartments Located at 2801 Moresby Street
Mr. Aubrey Thagard, Assistant General Manager, provided a PowerPoint presentation titled,
"Consideration of a Subordinate Loan of $700,000 for the Columbia Renaissance Square II
Senior Apartments Located at 2801 Moresby Street".
CITY OF FORT WORTH, TEXAS
FORT WORTH HOUSING FINANCE CORPORATION
TUESDAY, APRIL 2, 2019
PAGE 2 of 2
Motion was made by Director Bivens and seconded by Director Zadeh to approve Resolution
No. FWHFC-2019-01, Approving a Subordinate Loan of $700,000.00 to Columbia Renaissance
Square II, L.P., for the Columbia Renaissance Square II Senior Apartments Located at 2801
Moresby Street. The motion passed 8-0 (Director Price absent).
5. Executive Session
There was no Executive Session.
6. Request for Future Agenda Items
There were no requests for future agenda items.
7. Adjourn
With no further discussion, President Allen Gray adjourned the meeting_ of the Fort Worth
Housing Finance Corporation at 2:55 p.m. on Tuesday, April 2, 2019.
These minutes approved by the Fort Worth Housing Finance Corporation Board of Directors on
the 6t1i day of August, 2019.
I�r
Gyna . . Bivens
Secretary