HomeMy WebLinkAboutResolution Fort Worth Housing Finance Corporation (FWHFC) FWHFC-2024-08RESOLUTION NO. FWHFC-2024-08
FORT WORTH HOUSING FINANCE CORPORATION
A RESOLUTION
AUTHORIZING AMY CONNOLLY AS ACTING ASSISTANT GENERAL MANAGER
TO EXERCISE ALL POWERS, PERFORM ALL DUTIES, AND UNDERTAKE ALL
TASKS WHERE AN ASSISTANT GENERAL MANAGER HAS PREVIOUSLY BEEN
AUTHORIZED TO ACT ON BEHALF OF THE CORPORATION AND TAKING
RELATED ACTIONS
WHEREAS, the City Council of the City of Fort Worth ("City") has adopted development
and revitalization of the City's neighborhoods and affordable housing stock as a strategic goal, and
City residents and the City Council have determined that quality accessible affordable housing is
needed for moderate, low and very low-income City residents;
WHEREAS, the City Council created the Fort Worth Housing Finance Corporation (the
"Corporation") in 1979 pursuant to the Texas Housing Finance Corporations Act, Chapter 394
of the Texas Local Government Code, to facilitate neighborhood revitalization and housing
initiatives in the City, including but not limited to issuing tax exempt bonds; developing,
rehabilitating and promoting housing; and assisting low to moderate income City residents in
acquiring quality, accessible, affordable housing through lending and construction activities;
WHEREAS, the Corporation's bylaws provide for the Board to appoint a General
Manager of the Corporation to exercise certain powers and perform certain duties as specified in
the bylaws as well as those determined by the Board from time to time, with Fernando Costa
having served in that role since being appointed by Resolution FWHFC-2015-18 in December
2015;
WHEREAS, the bylaws authorize the General Manager to appoint an Assistant General
Manager to perform such duties as assigned by the General Manager;
WHEREAS, in addition to the powers and duties assigned by the General Manager, an
Assistant General Manager of the Corporation is frequently vested with additional powers and
duties by the Board in connection with specific transactions and projects on a case -by -case basis,
with such authorization generally running to the named Assistant General Manager or "their duly
appointed successors";
WHEREAS, Fernando Costa as General Manager appointed Amy Connolly as Acting
Assistant General Manager effective April 15, 2024;
WHEREAS, to avoid any question as to whether an Acting Assistant General Manager is
considered a "successor" pursuant to the Board's previously adopted resolutions, the Board wishes
to explicitly authorize Amy Connolly, during the period in which she is acting as Acting Assistant
General Manager, to undertake any actions, perform any duties, and exercise any powers
RESOLUTION NO. FWHFC-2024-08
PAGE 2
previously conferred on any named Assistant General Manager whether in general or in connection
with a specific project or transaction.
NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF
THE FORT WORTH HOUSING FINANCE CORPORATION:
THAT Amy Connolly as Acting Assistant General Manager is hereby authorized to
undertake any actions, perform any duties, and exercise any powers that were previously
conferred upon a named individual as Assistant General Manager.
2. THAT this authorization shall continue so long as Amy Connolly continues to serve in the
role of Acting Assistant General Manager.
3. THAT to the extent any actions authorized by this resolution have already been taken by
Amy Connolly after her appointment as Acting Assistant General Manager effective April
155 2024, such actions are hereby ratified and confirmed as valid actions of the Corporation,
effective as of the date such actions were taken.
4. THAT costs for any additional insurance premiums related to this authorization are
approved.
5. THAT this Resolution takes effect from the date of its adoption.
AND IT IS SO RESOLVED.
Adopted April 23, 2024
FORT WORTH HOUSING FINANCE CORPORATION
By:
Carlos Flores
President
Attest:
Jamlette S. Goodall