HomeMy WebLinkAbout2023/08/22-Minutes-Fort Worth Housing Finance Corporation (FWHFC)CITY OF FORT WORTH, TEXAS
FORT WORTH HOUSING FINANCE CORPORATION
TUESDAY, AUGUST 22, 2023
Present:
President Carlos Flores
Vice President Elizabeth Beek
Director Mattie Parker
Director Michael D. Crain
Director Charlie Lauersdorf
Director Jared Williams
Director Macy Hill
Director Chris Nettles
Director Alan Blaylock
Director Jeanette Martinez
Absent:
Secretary Gyna M. Bivens
Staff:
Fernando Costa, Assistant City Manager
Leslie Hunt, Senior Assistant City Attorney
Victor Turner, Assistant General Manager
Reginald Zeno, Treasurer
Katherine Cenicola, City Secretary Staff
1. Call to Order
With a quorum present, President Flores called the meeting to order for the Board of Directors of
the Fort Worth Housing Finance Corporation at 1:47 p.m. on Tuesday, August 22, 2023, in the
City Council Conference Room, Room 2020 of the Fort Worth Municipal Building, 200 Texas
Street, Fort Worth, Texas.
2. Approval of Minutes
a. Regular Meeting Held on June 27, 2023
Motion was made by Vice President Beek and seconded by Director Crain to approve the June 27,
2023, meeting minutes. The motion passed on an 10-0 vote.
3. Written Reports
a. Unaudited Financial Statement as of July 31, 2023
CITY OF FORT WORTH, TEXAS
FORT WORTH HOUSING FINANCE CORPORATION
TUESDAY, AUGUST 22, 2023
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There was no discussion on the Statement; it was for informational purposes only.
4. Consider and Adopt Resolution Approving the Budget in the amount of $2,767,782 for the
2023-2024 Fiscal Year — Victor Turner, Assistant General Manager
Victor Turner, provided a staff report.
Motion was made by Vice President Beck and seconded by Director Lauersdorf to approve
Resolution No. FWHFC-2023-31, Approving the Budget in the amount of $2,767,782 for the
2023-2024 Fiscal Year. The motion passed on an 10-0 vote.
5. Consider and Adopt Resolution Authorizing the Execution and Delivery of a Plat of
Property to Facilitate the Evans and Rosedale Redevelopment and Expansion of Evans
Plaza, Approve the Execution and Conveyance of Necessary Easements, Including
Drainage Facility Easements Beneath Future Park Property (Council District 8) — Amy
Connolly, Neighborhood Services
Amy Connolly, provided a staff report
Motion was made by Director Nettles and seconded by Director Crain to approve Resolution No.
FWHFC-2023-32, Authorizing the Execution and Delivery of a Plat of Property to Facilitate the
Evans and Rosedale Redevelopment and Expansion of Evans Plaza, Approve the Execution and
Conveyance of Necessary Easements, Including Drainage Facility Easements Beneath Future Park
Property. The motion passed on an 10-0 vote.
6. Consider and Adopt a Resolution Authorizing the Acquisition of Land and Housing Units
Located at 4096 and 4097 Merida Avenue and 4048 McCart Avenue in the City of Fort
Worth, Loan Corporation Funds in the Amount of $4,000,000 for the Acquisition, and
Accept a Loan from the City of Fort Worth in the Amount of $7,000,000 for Acquisition; and
Allow the Future Assignment of the Purchase and Sales Agreement Pursuant to Agreed
Upon Terms (Council District 9) — Victor Turner, Assistant General Manager
Victor Turner, provided a staff report.
Motion was made by Vice President Beck and seconded by Director Parker to approve Resolution
No. FWHFC-2023-33, Authorizing the Acquisition of Land and Housing Units Located at 4096
and 4097 Merida Avenue and 4048 McCart Avenue in the City of Fort Worth, Loan Corporation
Funds in the Amount of $4,000,000 for the Acquisition, and Accept a Loan from the City of Fort
Worth in the Amount of $7,000,000 for Acquisition; and Allow the Future Assignment of the
Purchase and Sales Agreement Pursuant to Agreed Upon Terms. The motion passed on an 10-0
vote.
7. Consider and Adopt a Resolution Authorizing the Receipt of $800,000 in Private Funds
from the Tarrant County Homeless Coalition to Support the Tobias Place Development
Located at 505 West Biddison Street and 3500 South Jennings Avenue and Approving a
CITY OF TORT WORTH, TEXAS
FORT WORTH HOUSING FINANCE CORPORATION
TUESDAY, AUGUST 22, 2023
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Forgivable Loan to Tobias Place, LP in the Amount of $800,000 (Council District 11) — Victor
Turner, Assistant General Manager
Victor Turner, provided a staff report.
Motion was made by Director Martinez and seconded by Vice President Beck to approve
Resolution No. FWHFC-2023-34, Authorizing the Receipt of $800,000 in Private Funds from the
Tarrant County Homeless Coalition to Support the Tobias Place Development Located at 505 West
Biddison Street and 3500 South Jennings Avenue and Approving a Forgivable Loan to Tobias
Place, LP in the Amount of $800,000. The motion passed on an 10-0 vote.
8. Executive Session: The Board of Directors of the Fort Worth Housing Finance
Corporation may conduct a closed meeting to:
There was no Executive Session
9. Requests for Future Agenda Items
Director Crain requested an agenda item on closing costs and how to increase them.
President Flores requested an agenda item on incentives we provide to non-profit organizations.
10. Adjourn
With no further discussion, President Flores adjourned the meeting of the Fort Worth Housing
Finance Corporation at 2:11 p.m. on Tuesday, August 22, 2023.
These minutes approved by the Fort Worth Housing Finance Corporation Board of Directors on
the 28"' day of November, 2023.
Secretary
CITY OF TORT WORTH, TEXAS
FORT WORTH HOUSING FINANCE CORPORATION
TUESDAY, AUGUST 22, 2023
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ette S. Goodall
Secretary