HomeMy WebLinkAbout2025-10-28 - Fort Worth Housing Finance Corporation (FWHFC) - Regular - Minutes CITY OF FORT WORTH, TEXAS
FORT WORTH HOUSING FINANCE CORPORATION
TUESDAY, OCTOBER 28, 2025
Present•
President Elizabeth Beck
Director Mattie Parker
Director Carlos Flores
Director Michael D. Crain
Director Charlie Lauersdorf
Director Deborah Peoples
Director Macy Hill
Director Chris Nettles
Director Alan Blaylock
Director Jeanette Martinez
Absent:
Vice President Mia Hall
Staff:
Dana Burghdoff, General Manager
Kacey Thomas, Assistant General Manager
Leslie L. Hunt, Senior Assistant City Attorney
Reginald Zeno, Treasurer
Jannette S. Goodall, Secretary
1. Call to Order
With a quorum present, President Beck called the meeting to order for the
Board of Directors of the Fort Worth Housing Finance Corporation at 10:49 a.m.
on Tuesday, October 28, 2025, in the City Council Work Session Room, of the Fort
Worth City Hall, 100 Fort Worth Trail, Fort Worth, Texas.
CITY OF FORT WORTH,TEXAS
FORT WORTH HOUSING FINANCE CORPORATION
TUESDAY,OCTOBER 28,2025
PAGE 2 of 5
2.Approval of Minutes
a. Regular Meeting Held on September 30, 2025
Motion was made by Director Crain and seconded by Director Nettles to
approve the September 30, 2025, meeting minutes. The motion passed 10-0.
Vice President Hall was absent.
3. Written Reports
a. Unaudited Financial Statement as of September 30, 2025
b. Quarterly Investment Report as of September 30, 2025
c. Quarterly Sale of Corporation Land Report as of September 30, 2025
There was no discussion on the written reports; they were for informational
purposes only.
4.Action Items:
a. Consider and Adopt a Resolution Approving Amended Budget for Fiscal
Year2026
Keisha Light, Assistant Director, Neighborhood Services Department, provided
a staff report.
Motion was made by Director Crain and seconded by Director Hill, to approve
Resolution No. FWHFC-2025-18, Approving Amended Budget for Fiscal Year
2026. The motion passed 10-0. Vice President Hall was absent.
b. Consider and Adopt Resolutions for the Proposed Partnership with
Royal Capital, LLC, or an Affiliate, for a Mixed-Use, Affordable Housing
Development Located in the Evans and Rosedale Area
CITY OF FORT WORTH,TEXAS
FORT WORTH HOUSING FINANCE CORPORATION
TUESDAY,OCTOBER 28,2025
PAGE 3 of 5
Martha Collins, Economic Development Department and Chad LaRoque,
Neighborhood Services Department, provided a staff report.
(i) Resolution Hiring Scott Marks with Duane Morris as Legal Counsel
for the Corporation and for a Limited Liability Corporation (SPE) to
be Owned and/or Controlled by the Corporation, for the
Negotiation of Terms for the SPE, to Advise Regarding the
Formation/Admission to the SPE, and Other Deal-Specific Matters
Motion was made by Director Crain and seconded by Director Nettles, to
Approve Resolution No. FWHFC-2025-19, Hiring Scott Marks with Duane Morris
as Legal Counsel for the Corporation and for a Limited Liability Corporation
(SPE) to be Owned and/or Controlled by the Corporation, for the Negotiation of
Terms for the SPE, to Advise Regarding the Formation/Admission to the SPE, and
Other Deal-Specific Matters. The motion passed 10-0. Vice President Hall was
absent.
(ii) Resolution Approving an Agreement with Royal Capital, LLC (or an
Affiliate) for the Development of Evans Rosedale and Confirming
and Ratifying the Formation of the SPE to Serve as Managing
Member of Evans and Rosedale Texas,LLC,a Texas Limited Liability
Corporation, and the Entity Developing, Owning, and Managing
Evans Rosedale and Approving all Related Actions Required for
this Development
Motion was made by Director Crain and seconded by Director Nettles, to
Approve Resolution No. FWHFC-2025-20, Approving an Agreement with Royal
Capital, LLC (or an Affiliate) for the Development of Evans Rosedale and
Confirming and Ratifying the Formation of the SPE to Serve as Managing
Member of Evans and Rosedale Texas, LLC, a Texas Limited Liability Corporation,
and the Entity Developing, Owning, and Managing Evans Rosedale and
Approving all Related Actions Required for this Development. The motion
passed 10-0. Vice President Hall was absent.
CITY OF FORT WORTH,TEXAS
FORT WORTH HOUSING FINANCE CORPORATION
TUESDAY,OCTOBER 28,2025
PAGE 4 of 5
(iii) Resolution Authorizing the Corporation to Acquire Land Located at
Multiple Sites to Facilitate the Evans and Rosedale Mixed-Use
Redevelopment Project and to enter into a long-term ground lease
with Evans and Rosedale Texas, LLC, A Texas Limited Liability
Corporation
Motion was made by Director Crain and seconded by Director Nettles, to
Approve Resolution No. FWHFC-2025-21, Authorizing the Corporation to Acquire
Land Located at Multiple Sites to Facilitate the Evans and Rosedale Mixed-Use
Redevelopment Project and to enter into a long-term ground lease with Evans
and Rosedale Texas, LLC, A Texas Limited Liability Corporation. The motion
passed 10-0. Vice President Hall was absent.
(iv) Resolution Approving the actions of the Corporation as owner of
XXX, LLC, the managing member of SPE, and all other actions
necessary for the financing, development, and operation of the
Evans and Rosedale Mixed-Use Redevelopment Project
Motion was made by Director Crain and seconded by Director Nettles, to
Approve Resolution No. FWHFC-2025-22, Approving the actions of the
Corporation as owner of a Special Purpose Entity to be named, the managing
member of SPE,and all other actions necessary for the financing, development,
and operation of the Evans and Rosedale Mixed-Use Redevelopment Project.
The motion passed 10-0. Vice President Hall was absent.
(v) Resolution authorizing the Corporation or an affiliate to act as
general contractor or participate in a joint venture relating to the
development
Motion was made by Director Crain and seconded by Director Nettles, to
Approve Resolution No. FWHFC-2025-23, authorizing the Corporation or an
affiliate to act as general contractor or participate in a joint venture relating to
the development. The motion passed 10-0. Vice President Hall was absent.
CITY OF FORT WORTH,TEXAS
FORT WORTH HOUSING FINANCE CORPORATION
TUESDAY,OCTOBER 28,2025
PAGE 5 of 5
5. Executive Session
There was no Executive Session.
6. Requests for Future Agenda Items
There were no requests for future agenda items.
7.Adjourn
With no further discussion President
dent Beck adjourned the meeting of the Fort
Worth Housing Finance Corporation at 10:56 a.m. on Tuesday, October 28, 2025.
These minutes approved by the Fort Worth Housing Finance Corporation Board
of Directors on the 18th day of November, 2025.
APPROVED:
" fit' abeth M. Beck
President
ATTEST:
lJnette S. Goodall
Secretary