HomeMy WebLinkAbout2015/09/01-Minutes-Fort Worth Housing Finance Corporation (FWHFC) CITY OF FORT WORTH, TEXAS
FORT WORTH HOUSING FINANCE CORPORATION
TUESDAY, SEPTEMBER 1, 2015
Present:
President Salvador Espino
Vice President Kelly Allen Gray
Director Cary Moon(Arrived at 2:35)
Director W.B. "Zim" Zimmerman
Director Gyna Bivens
Director Jungus Jordan
Director Dennis Shingleton
Director Ann Zadeh
Absent:
Director Betsy Price
1. Call to Order.
With a quorum present, President Espino called the meeting to order for the Board of Directors
of the Fort Worth Housing Finance Corporation (Corporation) at 2:32 p.m. on Tuesday,
September 1, 2015, in the Pre-Council Chamber of the Fort Worth Municipal Building, 1000
Throckmorton Street, Fort Worth, Texas.
2. Approval of Minutes from the Meeting Held on August 4, 2015.
There was no action taken on this agenda item.
3. Executive Session.
President Espino convened the executive session at 2:33 p.m., to discuss the following items:
A. 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: (i) legal issues
concerning any current agenda item; and
B. 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 Corporation in negotiations with a
third party; and
C. Discuss or deliberate negotiations relating to any economic development
negotiations, as authorized by Section 551.087 of the Texas Government Code.
President Espino adjourned the executive session at 2:42 p.m.
Director Moon assumed his place at the table.
CITY OF FORT WORTH,TEXAS
FORT WORTH HOUSING FINANCE CORPORATION
TUESDAY,SEPTEMBER 1,2015
PAGE 2
President Espino reconvened the regular session of the Fort Worth Housing Finance Corporation
at 2:43 p.m., on Tuesday, September 1, 2015.
4. Written Reports:
President Espino referenced the Financial Report through July 31, 2015, and opened the floor for
discussion on the report. There was no discussion or action on this agenda item.
5. Consider and Adopt Resolution Authorizing the Sale of 10 Lots to Fort Worth Area
Habitat for Humanity for Single-Family Development in the Como and Hillside
Morningside Neighborhoods.
Ms. Allison Gray, Acting Director, Neighborhood Services Department, provided a PowerPoint
presentation titled, "Authorization to Sell 10 Residential Lots to Fort Worth Area Habitat for
Humanity." She stated that the Fort Worth Area Habitat for Humanity has asked the Corporation
if the Corporation was interested in selling 10 properties, 5 in Como and 5 in Hillside
Morningside that the Corporation had purchased in 1998 and 2008, respectively. She added that
Habitat has existing agreements with both areas and had built 12 homes in Como and 7 homes in
Hillside Morningside. She displayed information on Broker's Price Opinions (BPO) and
explained the staff recommended selling all the homes in Como for the suggested BPO as
reflected for the property at 5500 Farnsworth Avenue and the homes in Hillside Morningside as
reflected.
She recommended that the Board authorize sale of scattered residential lots in the Como and
Hillside Morningside neighborhoods for a negotiated price based on current BPOs to Fort Worth
Area Habitat for Humanity.
Motion was made by Director Allen Gray and seconded by Director Zimmerman to approve
Resolution No. FWHFC-2015-13, Authorizing the Sale of 10 Lots to Fort Worth Area Habitat
for Humanity for Single-Family Development in the Como and Hillside Morningside
Neighborhoods for a negotiated price based on current Broker's Price Option to the Fort Worth
Habitat for Humanity. The motion passed 8-0.
6. Consider Policy Regarding Sales of Single-Family Lots.
Ms. Allison Gray provided a PowerPoint Presentation titled, "Policy Considerations for the Sale
of HFC Residential Lots." She provided background on the history of the Corporation and
advised of proposed policy elements for a non-profit organization and those for an individual.
She then displayed aerial views of HFC lots in the Como, Hillside, Stop Six and Sunrise Park
areas.
It was the consensus of the Board that Ms. Gray move forward with drafting the policy.
7. Requests for Future Agenda Items.
President Espino opened the floor on requests for future items.
CITY OF FORT WORTH,TEXAS
FORT WORTH HOUSING FINANCE CORPORATION
TUESDAY,SEPTEMBER 1,2015
PAGE 3
President Espino requested that all City of Fort Worth Housing Partners provide presentations to
the City of Fort Worth Housing and Finance Corporation or the Housing and Neighborhood
Services Department.
8. Adjourn.
With no further discussion, President Espino adjourned the meeting of the Fort Worth Housing
Finance Corporation Board at 2:55 p.m. on Tuesday, September 1, 2015.
These minutes approved by the Fort Worth Housing Finance Corporation Board of Directors on
the 27`h day of October, 2015.
A O ED:
alvador Espino,
President
Gyna M. Bivens
Secretary
ATTEST:
{
Mary J. Ka
City Secr ary