Title
Consider Minutes of the Killeen Public Facility Corporation Meeting of March 5, 2024.
Body
City of Killeen
Killeen Public Facility Corporation
Killeen City Hall Council Chambers
March 5, 2024 at 5:00 p.m.
Presiding: President Jessica Gonzalez
Attending: Debbie Nash-King, Riakos Adams, Michael Boyd, Jose Segarra and Ramon Alvarez
Absent: Nina Cobb and Joseph Solomon
Also attending were City Manager/Assistant Secretary Kent Cagle, City Attorney Holli Clements, Secretary Laura Calcote and Treasurer Judith Tangalin
Approval of Agenda
Motion was made by Board Member Nash-King to approve the agenda, as presented. Motion was seconded by Board Member Adams. The motion carried unanimously (5-0).
Citizen Comments
Michael Fornino spoke regarding PFC-24-2 and PFC-24-3.
Mellisa Brown spoke regarding PFC-24-4.
Camron Cochran spoke regarding PFC-24-4.
Approval of Minutes
PFC-24-2 Consider Minutes of the Killeen Public Facility Corporation Meeting of August 22, 2023.
Motion was made by Board Member Boyd to approve PFC-24-2, as written. Motion was seconded by Board Member Segarra. The motion carried unanimously (5-0).
PFC-24-3 Consider Minutes of the Killeen Public Facility Corporation Meeting of January 23, 2024.
Motion was made by Board Member Nash-King to approve PFC-24-3, as written. Motion was seconded by Board Member Adams. The motion carried unanimously (5-0).
Agenda Items
PFC-24-4 Discuss and take possible action regarding a Resolution inducing the
Avanti Legacy Parkview Apartments transaction, including authorizing the execution of all documentation necessary to obtain the financing for such transaction; authorizing all filings and agreements with Texas Department of Housing and Community Affairs in connection with applications for low income housing tax credits; authorizing the formation of any limited liability companies in connection with such transaction; and other matters in connection therewith.
City Attorney, Holli Clements, and Madhouse Development Inc. Representative, Henry Flores, presented this item. Avanti Parkview LP filed an application for finance requesting that the PFC participate in acquisition, construction and equipping of a proposed 108-unit multifamily housing facility. Avanti requested the PFC create a subsidiary limited liability company to serve as general partner and the PFC or subsidiary will own the land on which the project is to be located. The resolution would constitute the PFC’s preliminary non-binding commitment to proceed.
Motion was made by Board Member Nash-King to approve PFC-24-4. Motion was seconded by Board Member Segarra. The motion carried unanimously (5-0).
Adjournment
With no further business, upon motion being made by Board Member Nash-King, seconded by Board Member Adams, and unanimously approved, the meeting was adjourned at 5:45 p.m.