HomeMy WebLinkAboutResolution Fort Worth Housing Finance Corporation (FWHFC) FWHFC-2024-16RESOLUTION NO. FWHFC-2024-16
FORT WORTH HOUSING FINANCE CORPORATION
A RESOLUTION
AUTHORIZING KACEY BESS TO SERVE AS 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 Kacey Bess to serve as
Assistant General Manager of the FWHFC effective August 20, 2024. This appointment occurred
after Kacey was named Director of the Neighborhood Services Department. Amy Connolly is no
longer an Acting Assistant General Manager and is not authorized to act on behalf of the FWHFC.
WHEREAS, to avoid any question as to whether a newly appointed Assistant General
Manager is considered a "successor" pursuant to the Board's previously adopted resolutions, the
Board wishes to explicitly authorize Kacey Bess, to undertake any actions, perform any duties,
and exercise any powers previously conferred on any named Assistant General Manager whether
in general or in connection with a specific project or transaction.
RESOLUTION NO. FWHFC-2024-16
PAGE 2
NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF
THE FORT WORTH HOUSING FINANCE CORPORATION:
THAT Kacey Bess as 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 to the extent any actions authorized by this resolution have already been taken by
Kacey Bess after her appointment as Assistant General Manager effective August 20, 2024,
such actions are hereby ratified and confirmed as valid actions of the Corporation, effective
as of the date such actions were taken.
THAT Amy Connolly is no longer authorized to act on behalf of the Corporation, effective
August 6, 2024.
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 August 27, 2024
FORT WORTH HOUSING FINANCE CORPORATION
By:
Carlos Flores
President
Attest:
Jannette S. Goodall