HomeMy WebLinkAbout2015/08/04-Minutes-Fort Worth Housing Finance Corporation (FWHFC) CITY OF FORT WORTH, TEXAS
FORT WORTH HOUSING FINANCE CORPORATION
TUESDAY, AUGUST 4, 2015
Present:
President Salvador Espino
Director Betsy Price
Director Cary Moon (Arrived at 2:13 p.m.)
Director Gyna Bivens
Director Jungus Jordan
Director Kelly Allen Gray
Director Ann Zadeh
Absent:
Director W.B. "Zim" Zimmerman
Director Dennis Shingleton
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 2:03 p.m. on Tuesday,
August 4, 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 June 2, 2015.
Motion was made by Director Jordan and seconded by Director Bivens to approve the
June 2, 2015, minutes of the Corporation as presented. The motion passed 6-0.
3. Election of Officers.
President Espino opened the floor for the nominations of officers for the Fort Worth Housing
Finance Corporation.
Motion was made by Director Zadeh and seconded by Director Price that Salvador Espino be
elected as President, Kelly Allen Gray be elected as Vice President, Gyna Bivens be elected as
Secretary and Aaron Bovos, City of Fort Worth, Chief Financial Officer, be elected as Treasurer
for the Fort Worth Housing Finance Corporation, effective August 4, 2015. The motion passed
6-0.
4. Executive Session.
President Espino convened the executive session at 2:06 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
CITY OF FORT WORTH,TEXAS
FORT WORTH HOUSING FINANCE CORPORATION
TUESDAY,AUGUST 4,2015
PAGE 2
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 2:18 p.m.
Director Moon assumed his place at the table.
President Espino reconvened the regular session of the Fort Worth Housing Finance Corporation
at 2:19 p.m., on Tuesday, August 4, 2015.
5a. Written Reports:
President Espino referenced the Financial Report through June 30, 2015, and opened the floor for
discussion on the report. There was no discussion or action on this agenda item.
6. Consider and Adopt Resolution Approving a Natural Gas Lease with Vantage Fort
Worth Energy, LLC for 3012 Dillard Street.
Ms. Jean Petr, Gas Lease Program Manager, Property Management Department, presented an
overview of the proposed gas lease through a PowerPoint titled, "Natural Gas Lease — Fort
Worth Housing Finance Corporation Property". She advised that the property was located in
Council District 5 and provided the background on the lease which included the two-year lease
terms and property description. She stated that the terms were above current market and
recommended the Board execute the natural gas lease.
Motion was made by Director Bivens and seconded by Director Price to approve Resolution No.
FWHFC-2015-10, Approving a Natural Gas Lease with Vantage Fort Worth Energy, LLC for
3012 Dillard Street. The motion passed 8-0.
7. Consider and Adopt Resolution Authorizing the Sale of 5101 Pinson Street to Mauro
Casas,Jr.,for Single-Family Development.
Ms. Allison Gray, Acting Director,Neighborhood Services Department,provided a history of the
property through a PowerPoint presentation titled, "Authorization to Sell Residential Lot— 5101
Pinson," which was located in Council District 5. She summarized the current status of the
property and explained the specific location of the lot. She recommended that the Board
authorize the sale of 5101 Pinson Street for a negotiated price based on current Broker's Price
Option. She added that staff would return to the Board in the next two months with a policy for
the sale of undeveloped residential lots owned by the Corporation.
CITY OF FORT WORTH,TEXAS
FORT WORTH HOUSING FINANCE CORPORATION
TUESDAY,AUGUST 4,2015
PAGE 3
Motion was made by Director Bivens and seconded by Director Zadeh to approve Resolution
No. FWHFC-2015-11, Authorizing the Sale of 5101 Pinson Street to Mauro Casas, Jr., for
Single-Family Development. The motion passed 8-0.
8. Consider and Adopt Resolution Approving the Budget for the 2015-2016 Fiscal Year.
Mr. Jay Chapa, General Manager, outlined the proposed budget for the Corporation through a
PowerPoint titled, "Fort Worth Housing Finance Corporation FY16 Proposed Budget", and
recommended that the Board approve the proposed budget as presented.
Motion was made by Director Price and seconded by Director Bivens to approve Resolution
No. FWHFC-2015-12, Approving the Budget for the 2015-2016 Fiscal Year. The motion passed
8-0.
9. Requests for Future Agenda Items.
President Espino opened the floor on requests for future items.
President Espino requested an update on the functions of the Fort Worth Housing Finance
Corporation.
10. Adjourn.
With no further discussion, President Espino adjourned the meeting of the Fort Worth Housing
Finance Corporation Board at 2:35 p.m. on Tuesday, August 4, 2015.
These minutes approved by the Fort Worth Housing Finance Corporation Board of Directors on
the 27th day of October, 2015.
AP O ED:
C�
S'alrddor Espino,
President
Gyna M.Wivens
Secretary
ATTEST:
ary J ser
City Sec etary