HomeMy WebLinkAbout2014/04/01-Minutes-HEDC CITY OF FORT WORTH, TEXAS
HOUSING AND ECONOMIC DFVELOPMENT COMMITTEE
April 1, 2014
Present:
Committee Member Joel Bums, Chairman
Committee Member Danny Scarth, Vice Chairman
Committee Member Betsy Price (arrived at 1:16 pm)
Committee Member Salvador Espino
Committee Member Kelly Allen Gray
Committee Member W. B. "Zim" Zimmerman
Committee Member Jungus Jordan
Committee Member Dennis Shingleton
Committee Member Gyna Bivens
City Staff:
Fernando Costa, Assistant City Manager
Peter Vaky, Deputy City Attorney
Mary J. Kayser, City Secretary
Jay Chapa, Housing and Economic Development Director
Cynthia Garcia, Assistant Director, Housing & Economic Development Department
Other City Staff in Attendance:
Tom Higgins, City Manager
LeAnn Guzman, Sr. Assistant City Attorney
1. Call to Order—Joel Burns, Chair
With a quorum of the committee members present, Chairman Joel Burns called the meeting of the
Fort Worth Housing and Economic Development Committee to order at 1:03 pm, on Tuesday,
April 1, 2014, in the Pre-Council Chamber of the Fort Worth City Hal], 1000 Throckmorton Street,
Fort Worth, Texas 76102.
2. Approval of Minutes from the Meeting Held on March 4, 2014 — Joel Burns, Chair
Motion was made by Committee Member Bivens and second by Committee Member Shingleton to
approve the minutes of the March 4, 2014, Fort Worth Housing and Economic Development
Committee meeting. Motion passed 8-0. (Price absent)
Chairman Joel Bums adjourned the regular meeting of the Fort Worth Housing and Economic
Development Committee and convened into Executive Session at 1:04 pm.
CITY OF FORT WORTH, TEXAS
HOUSING AND ECONOMIC DEVELOPMENT COMMITTEE
April 1, 2014
Page 2 of 4
3. Executive Session - The Housing and Economic Development Committee will conduct a
closed meeting to:
• Seek the advice of its attorneys concerning the following items that are
exempt from public disclosure under Article X, Section 9 of the Texas State
Bar Rules, as authorized by section 551.071 of the Texas Government Code:
legal issues related to any current agenda items; and
• Discuss the purchase, sale, lease or value of real property, as authorized by
Section 551.072 of the Texas Government Code. Deliberation in an open
meeting would have a detrimental effect on the position of the City in
negotiations with a third party; and
• Discuss or deliberate negotiations relating to any economic development negotiations,
as authorized by Section 551.087 of the Texas Government Code.
Chairman Joel Burns adjourned the Executive Session at 1:14 pm, on Tuesday, April 1, 2014.
Chairman Joel Burris reconvened the regular session of the Housing and Economic Development
Committee at 1:14 pm, on 'Tuesday, March 4, 2014.
4. Written Reports —Jay Chapa, Director, Housing and Economic Development Department
• Memo Regarding the Extension of the Freeport Exemption for Aerospace Related
Companies
• Memo on Amending the Bell Enhanced Community Facilities Agreement to Extend
the Deadline for Completion of the Reconstruction of Norwood Drive and Increase
Project Budge
There were no questions on the written reports.
5. Presentation on Proposed Amendments to Economic Development Incentives Policies in
Regard to the Promotion of Affordable Housing—Jay Chapa, Director, Housing and Economic
Development Department
Mr. Chapa reviewed the recon-unendation previously presented to the Housing and Economic
Development Committee:
• Charge $200 per unit/per year for term of incentive agreement, to be paid directly by
developer prior to receiving the annual abatement
• Total annual amount deposited directly into the housing trust fund administered by the Fort
Worth Housing Finance Corporation
• Purpose of funds would be for FWHFC to fund projects that decrease disparity of
affordable housing units as they exist in Fort Worth
CITY OF FORT WORTH, TEXAS
HOUSING AND ECONOMIC DEVELOPMENT COMMITTEE
April 1, 2014
Page 3 of 4
Mr. Chapa stated the issues with the current policy:
• Policy applies a "cookie-cutter" approach to address workforce housing goals city wide
• Using the current policy, but requiring lower income level housing units eliminates the
City's ability to incent the project because of gap created by rent differential from market
• City unable to more specifically target unit mix and makeup in various parts of the city to
meet identified needs of housing
He addressed the concerns with the recommendation:
• Developers will always choose the alternative option so developments receiving incentives
will never have workforce housing units
• Alternative option will not allow for true mixed income developments to occur in areas of
the City that need more mixed income residential
Staff proposed 2 options:
1. Move forward with the M&C as drafted
2. Amend the M&C to provide the $200 per unit option as described, but require council
consensus to utilize the payment option before finalizing the incentive terms (staff
recommendation)
The committee, by consensus, preferred Option 2.
6. Requests for Future Agenda Items
Concern expressed about the erosion of the property tax base.
Information on smaller units/garage apartments and how they could impact the need for housing
units as expressed by the Homelessness Commission at the joint meeting.
7. Date of Next Regular Meeting: May 6, 2014
CITY OF FORT WORTH, TEXAS
HOUSING AND ECONOMIC DEVELOPMENT COMMITTEE
April 1, 2014
Page 4 of 4
8. Adjourn —Joel Bums, Chairman
With no further presentations or discussions, Chairman Bums adjourned the regular meeting of the
Housing and Economic Development Committee at 1:39 pm, on Tuesday, April 1, 2014.
The minutes approved by the Housing and Economic Development Committee on the _? -day
�e minu s I
2014.
APPROVED:
Minutes Prepared by and A-9 t: kel Bums, Chairman
Mary J. er it
SecrLiary