HomeMy WebLinkAbout2019/08/06-Minutes-Fort Worth Housing Finance Corporation (FWHFC)CITY OF FORT WORTH, TEXAS
FORT WORTH HOUSING FINANCE CORPORATION
TUESDAY, AUGUST 6, 2019
Present:
President Kelly Allen Gray
Vice President Jungus Jordan
Secretary Gyna M. Bivens
Director Betsy Price (Arrived At 2:14 pm)
Director Carlos Flores
Director Brian Byrd
Director Cary Moon
Director Dennis Shingleton
Director Ann Zadeh (Arrived At 2:14 pm)
Absent:
Secretary Gyna Bivens
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 2:00 p.m. on
Tuesday, August 6, 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 April 2, 2019
Motion was made by Director Byrd and seconded by Director Flores to approve the
April 2, 2019, minutes of the Corporation as presented. The motion passed 6-0.
3. Election of Officers
Mr. Fernando Costa, General Manager, opened the floor for the election of officers to the Fort
Worth Housing Corporation Board as follows:
a. President:
b. Vice President:
c. Secretary:
d. Treasurer:
Motion was made by Director Shingleton and seconded by Director Byrd, that Director Kelly
Allen Gray be elected as President of the Fort Worth Housing Finance Corporation. The motion
carried 6-0.
CITY OF FORT WORTH, TEXAS
FORT WORTH HOUSING FINANCE CORPORATION
TUESDAY, AUGUST 6, 2019
PAGE 2 of 3
Motion was made by Director Shingleton and seconded by Director Byrd, that Director Jungus
Jordan be elected as Vice President of the Fort Worth Housing Finance Corporation. The motion
carried 6-0.
Motion was made by Director Shingleton and seconded by Director Moon, that Director Gyna
Bivens be elected as Secretary of the Fort Worth Housing Finance Corporation. The motion
carried 6-0.
Motion was made by Director Shingleton and seconded by President Allen Gray, that Reginald
Zeno, Chief Financial Officer, be as Treasurer of the Fort Worth Housing Finance Corporation.
The motion carried 6-0.
4. Written Reports
a. Unaudited Financial Statements as of June 30, 2019
b. Quarterly Investment Report as of June 30, 2018 (the record reflects that the report was
dated June 30, 2019)
c. Appointment of Assistant General Manager
President Allen Gray referenced the written reports and opened the floor for discussion on the
report. There was no discussion on the reports.
Directors Price and Zadeh took their place at the table.
4. Consider and Adopt Resolution Approving the Budget for the 2019-2020 Fiscal Year
Ms. Sonia Singleton, Assistant General Manager, reviewed'the budget.
Motion was made by Director Shingleton and seconded by Director Flores to approve Resolution
No. FWHFC-2019-02, Approving the Budget for the 2019-2020 Fiscal Year. The motion passed
9-0.
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 2:21 p.m. on Tuesday, August 6, 2019.
CITY OF FORT WORTH, TEXAS
FORT WORTH HOUSING FINANCE CORPORATION
TUESDAY, AUGUST 6, 2019
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These minutes approved by the Fort Worth Housing Finance Corporation Board of Directors on
the 27th day of August, 2019.
ATTEST:
Mary J. Kkesir
Secretary