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HomeMy WebLinkAbout2008/10/07-Minutes-HEDC CITY OF FORT WORTH CITY COUNCIL ECONOMIC AND COMMUNITY DEVELOPMENT COMMITTEE OCTOBER 7, 2008 Present: Council Member Jungus Jordan, Chairman Council Member Carter Burdette, Vice Chairman Mayor Mike Moncrief Mayor Pro tem Kathleen Hicks Council Member Salvador Espino Council Member Chuck Silcox Council Member Danny Scarth Council Member Frank Moss Council Member Joel Burns City Staff: Tom Higgins, Assistant City Manager Peter Vaky, Assistant City Attorney Marty Hendrix, City Secretary Jay Chapa, Director of Housing and Economic Development Department Charlie Price, Planning Manager, Housing and Economic Development Department Ardina Washington, Economic Development Manager, Housing and Economic Development Department Shallah Hatch, Economic Development Specialist, Housing and Economic Development Department Other City Staff in Attendance: Dale Fisseler, City Manager Vicki Ganske, Senior Assistant City Attorney, Legal Department Mark Folden, Business Development Coordinator, Housing and Economic Development Department LeAnn Guzman, Assistant City Attorney, Legal Department Cynthia Garcia, Community Development Manager, Housing and Economic Development Department Dolores Garza, Economic Development Specialist, Housing and Economic Development Department Guests: Wanda Conlin, resident and member of West Meadowbrook Neighborhood Association Don Bourne, resident and President of West Meadowbrook Neighborhood Association Abbie Greer, President of Railhead Business Park CITY OF FORT WORTH ECONOMIC AND COMMUNITY DEVELOPMENT COMMITTEE OCTOBER 7, 2008 Page 2 of 16 With a quorum of the committee members present, Chairman Jungus Jordan called the meeting of the Economic and Community Development Committee to order at 1:12 p.m. on Tuesday, October 7, 2008, in the Pre-Council Chamber of the Fort Worth Municipal Building, 1000 Throckmorton, Fort Worth, Texas 76102. Approval of Minutes of the September 2, 2008, Economic and Community Development Committee (Agenda Item 2) Chairman Jordan opened the floor for a motion on the approval of the minutes. MOTION: Upon a motion made by Council Member Espino and seconded by Mayor Pro tem Hicks, the Committee Members voted nine (9) "ayes" and zero (0) "nays", to approve the minutes of the September 2, 2008, Economic and Community Development Committee meeting. The motion carried unanimously. Discussion and Consideration of Establishing the Proposed Oakland Corners Neighborhood Empowerment Zone in the Oakland Corners Urban Village (Agenda Item 3) Before the presentation was given, Mayor Pro tem Hicks expressed appreciation to the Council for their support of moving forward to redevelop Oakland Corners in the East Lancaster Corridor. She also recognized and commended Fort Worth residents Wanda Conlin and Don Bourne, President of the West Meadowbrook Neighborhood Association. She added that they had labored over 10 years to rezone the area. She pointed out that the Council rezoned the area in a unanimous vote several months ago. She stated that the Council had also approved a tax abatement for commercial development on Lancaster Avenue. Mayor Pro tem Hicks also referenced the presentation by Social Compact Company that indicated that the Meadowbrook area was an economic engine in the City of Fort Worth. She added that often times it was stereo- typed as a "no development" area. Mayor Pro tem Hicks continued to recognize the area and stated that it was a great neighborhood and that it was also represented by Council Members Scarth and Moss. She emphasized the importance of the Neighborhood Empowerment Zone for this area and that it was an important tool and it was a great place to utilize this tool. She continued to talk about the development in the area, the stable neighborhoods and the active residents living in the community. She pointed out that this was an effort to turn this vibrant community around. Charlie Price, Planning Manager with the Housing and Economic Development Department, spoke before the committee on the designation of the Oakland Corners areas as a CITY OF FORT WORTH ECONOMIC AND COMMUNITY DEVELOPMENT COMMITTEE OCTOBER 7, 2008 Page 3 of 16 Discussion and Consideration of Establishing the Proposed Oakland Corners Neighborhood Empowerment Zone in the Oakland Corners Urban Village (cont'd) (Agenda Item 3) Neighborhood Empowerment Zone. Using a PowerPoint presentation, he talked about the following information. He stated that the purpose of the presentation was to: ■ Review Neighborhood Empowerment Zone (NEZ)Designation Process ■ Present Information on Council Proposal to designate the Oakland Corners area as a Neighborhood Empowerment Zone Mr. Price explained that the NEZ designation process was that the NEZ may be created through: ■ City Council proposal and designation; or ■ Approval by the City Council of an application filed by an eligible applicant He pointed out that in this particular situation it was being done by a Council proposal. Mr. Price presented the priority areas for NEZ designation as follows: ■ Urban Villages with mixed-use zoning in place; ■ Mixed-use growth centers as defined and identified by the City's Comprehensive Plan; ■ Existing Model Blocks or special target areas recognized by the City; ■ A high priority commercial corridor; or ■ U.S. Department of Housing and Urban Development (HUD)-eligible areas He pointed out that there are sixteen current NEZ's as follows: ■ Evans/Rosedale ■ Handley ■ Hemphill/Berry ■ Historic Handley ■ Magnolia Village ■ Polytechnic ■ Ridglea/Como ■ Riverside ■ Rolling Hills CITY OF FORT WORTH ECONOMIC AND COMMUNITY DEVELOPMENT COMMITTEE OCTOBER 7, 2008 Page 4 of 16 Discussion and Consideration of Establishing the Proposed Oakland Corners Neighborhood Empowerment Zone in the Oakland Corners Urban Village (cont'd) (Agenda Item 3) ■ Stop Six ■ Woodhaven ■ Berry/University ■ Lake Arlington ■ Trinity Park ■ West 7th/University ■ Berryhill/Mason Heights He added that this process was started in the year 2001 based upon state legislation that was passed in 1999. Mr. Price showed a map of City of Fort Worth's Neighborhood Empowerment Zones up to April 2007. Mr. Price provided the background on the Oakland Corners process. He stated that it was spearheaded by the West Meadowbrook Homeowners Association, Central Meadowbrook Homeowners Association and District 8 Mayor Pro tem Kathleen Hicks. He added that it was supported by the following area stakeholders: ■ Fort Worth League of Neighborhoods ■ Central Citizens on Patrol Mr. Price reviewed a concept plan of the Oakland Corners Urban Village (located at Lancaster and Oakland) with the mixed uses of commercial/retail, residential and existing buildings. He then presented an aerial photograph of the area and the boundary of the Oakland Corners NEZ. He explained the boundaries were Union Pacific Railroad to the south, Beach Street on the west, Edgewood Terrace on the east and Meadowbrook on the north. Mr. Price presented the following chart of information and reviewed it with the committee: CITY OF FORT WORTH ECONOMIC AND COMMUNITY DEVELOPMENT COMMITTEE OCTOBER 7, 2008 Page 5 of 16 Discussion and Consideration of Establishing the Proposed Oakland Corners Neighborhood Empowerment Zone in the Oakland Corners Urban Village (cont'd) (Agenda Item 3) Oakland NEZ Criteria Corners NEZ Explanation Eligibility • At least 75%of the NEZ is located • 86%of land area is within a in Community Development Block CDBG-eligible area. Grant-eligible areas or 50% within ✓ • 100%of land area is within the the central city. central city. • Bounded by clearly defined Bounded by major streets and a boundaries (streets, railroads, railroad line. creeks or other logical boundaries). ✓ • If more than 6,000 people, the Population is over the 6,000 limit at geographic area cannot be larger ✓ 6,494 with a size of 1.36 square than 1.5 square miles. miles. • Meet the criteria for a reinvestment Meets the reinvestment zone criteria zone as described in Section including the existence of blighted 313.202 of the Texas Tax Code. ✓ conditions. • Promote housing and economic Available infill sites and other assets development opportunities. ✓ make it suited for reinvestment. • If a proposed NEZ boundary The Oakland Corners urban village is includes an urban village, the zoned MU-1 (Council approved MU- urban village must be zoned ✓ 1 rezoning on 12/14/07) mixed-use. • Council adoption of a NEZ Pending Strategic Plan ✓ • Priority area. East Lancaster is a priority ✓ commercial corridor. Mr. Price spoke about the NEZ eligibility requirements in that they promote housing and economic development for the older housing stock, the deteriorated apartment complex, vacant commercial/retail buildings and vacant land. He also advised about the development opportunities since there were 45 acres of vacant land and there were several vacant storefronts available for business. In his presentation, Mr. Price provided photographs of certain vacant buildings. Mr. Price presented the Oakland Corners Revitalization Plan as follows: CITY OF FORT WORTH ECONOMIC AND COMMUNITY DEVELOPMENT COMMITTEE OCTOBER 7, 2008 Page 6 of 16 Discussion and Consideration of Establishing the Proposed Oakland Corners Neighborhood Empowerment Zone in the Oakland Corners Urban Village (cont'd) (Agenda Item 3) • Housing o Improve conditions of existing housing stock • Retail/Commercial • Rehabilitation of vacant buildings for retail/commercial businesses • Encourage businesses to locate in the existing vacant retail locations • Attract public and private capital into the area • Infrastructure • Repair or replace aged water and sewer lines • Repair or reconstruct streets and add/repair sidewalks • Install new street lights in dark areas of the neighborhood • Partnerships with the City of Fort Worth • Housing and Economic Development • Planning and Development • Code Compliance • Community Relations Mr. Price referenced the Oakland Corners Neighborhood Empowerment Zone Strategic Plan and indicated that it was a very comprehensive document. He emphasized that he was not going to go through that entire plan but wanted to point out that it was the prototype that would be used on all future NEZs. He suggested that the committee take time to review the document and pointed out certain sections that were new to the process. Mr. Price explained the next steps for the designation as follows: ■ Publish notice in the paper for Public Hearing ■ Send letter of notification to other taxing entities ■ October 28, 2008, Council would hold public hearing and consider the designation of Oakland Corners as a NEZ and/or Neighborhood Empowerment Reinvestment Zone (NERZ). Mr. Price concluded his presentation. Chairman Jordan opened the floor for comments and/or questions. CITY OF FORT WORTH ECONOMIC AND COMMUNITY DEVELOPMENT COMMITTEE OCTOBER 7, 2008 Page 7 of 16 Discussion and Consideration of Establishing the Proposed Oakland Corners Neighborhood Empowerment Zone in the Oakland Corners Urban Village (cont'd) (Agenda Item 3) Mayor Pro tem Hicks spoke again about how the NEZ program had developed. She spoke about the engagement of the community into the process and the number of meetings that had been held with the stakeholders in the Meadowbrook area. She spoke about the importance of the design guidelines. She indicated her support of this prototype in the future for all NEZs. She again indicated her support for this item. Mayor Moncrief stated that this project pointed out how effectively the City was using its tool box. He referenced page 19 of the plan booklet which contained information on the code violations that were related to vehicles, property maintenance, and substandard buildings. He indicated that this was systemic throughout the subject area. He stated that this situation, to him, was indicative of an area that had been overlooked and underserved, in the shadows. He added now this area had the opportunity to really be in the sun light and not to just redevelop but to almost reinvent itself. He stated that this area was keeping in mind the older neighborhoods that have the heritage that the City of Fort Worth was known for and they were preserving and protecting that heritage while responsibly building density and rebuilding the area. He stated that this was what utilizing the tool box was all about and he expressed his strong support for this item. Chairman Jordan also echoed the comments by Mayor Pro tem Hicks and Mayor Moncrief He advised that the biggest tool in the tool box was the community itself and their involvement and buy-in. He also expressed appreciation to the citizens, staff and to Mayor Pro tem Hicks. Council Member Scarth spoke about the area of Fort Worth where he grew up just a block off of the proposed NEZ. He stated that this portion of East Lancaster was the center of everything at the time for shopping, going to church, to the movies, etc. He indicated that this was in 1966. He added that this area had been talked about by the Council when they recently visited other parts of the country looking at the streetcar process and what the potential might be if those streetcars were available to this area. He added that it had been a focus for the entire Council but particularly for Mayor Pro tem Hicks, Council Member Moss and he supported this item. Chairman Jordan clarified the motion to be made by the committee members. CITY OF FORT WORTH ECONOMIC AND COMMUNITY DEVELOPMENT COMMITTEE OCTOBER 7, 2008 Page 8 of 16 Discussion and Consideration of Establishing the Proposed Oakland Corners Neighborhood Empowerment Zone in the Oakland Corners Urban Village (cont'd) (Agenda Item 3) MOTION: Upon a motion made by Mayor Moncrief and seconded by Mayor Pro tem Hicks, the committee members voted nine (9) "ayes" and zero (0) `nays" to recommend moving forward with the process to designate the Oakland Corners areas as a Neighborhood Empowerment Zone, as presented. The motion carried. Discussion and Consideration of a Resolution Supporting a Fort Worth Zip Code for North Fort Worth Residents (Agenda Item 4) Ardina Washington, Economic Development Manager, Housing and Economic Development Department, spoke before the committee on the proposed resolution supporting a Fort Worth zip code for the residents living in the northern portion of the City. She advised that the presentation objectives were to: • Explain the request for a zip code change • Provide the process for changing zip code boundaries • Explain the timeline for obtaining a Fort Worth zip code Mrs. Washington stated that the zip code request started in the Fall of 2007, when the North Fort Worth Alliance of Neighborhoods (NFWAN) began to research the possibility of obtaining a Fort Worth zip code and post office. She added that by the end of 2007, the Council representative was contacted regarding the request and by the first of 2008, City staff began to work with U.S. Postal staff and the NFWAN regarding the request. She stated the USPS had determined that a zip code boundary change in 76248 will be necessary and currently, it would be a Keller zip code. Mrs. Washington presented a map showing the boundary area of the requested zip code (76248). Mrs. Washington advised of the process for zip code boundary changes as follows: 1. Written request to the USPS district manager by the City Manager, with the adopted resolution. 2. Within 60 days, the district manager reviews request. CITY OF FORT WORTH ECONOMIC AND COMMUNITY DEVELOPMENT COMMITTEE OCTOBER 7, 2008 Page 9 of 16 Discussion and Consideration of a Resolution Supporting a Fort Worth Zip Code for North Fort Worth Residents (cont'd) (Agenda Item 4) 3. District manager approves or denies the request. 4. If request is approved, a formal survey of affected customers is conducted. 5. If a majority of the survey respondents are in favor of the change, the request is officially approved. 6. The change would become effective by June following approval She emphasized if the survey fails, another request cannot be submitted for 10 years. Mrs. Washington presented the zip code change timeline as follows: • Sep-Oct 2008 Presentations to neighborhoods • 10/07/08 Presentation to ECD Committee • 10/21/08 Council to consider a resolution • 10/31/08 Letter and resolution to USPS • 12/31/08 Response from USPS • Jan 2009 Surveys to affected customers • May-Jun 2009 Implementation of new boundary • Late Jun 2009 New zip code in use Mrs. Washington concluded her presentation. Chairman Jordan opened the floor for comments and/or questions. Council Member Espino expressed appreciation to the City staff for their work on this issue. He reviewed the process again and pointed out that there was often confusion in those northern areas as the Fort Worth residents who currently have Keller, Texas, mailing addresses, or Justin, Haslet or Roanoke mailing addresses think that they live in those jurisdictions rather than in the City of Fort Worth. He stated that for now the focus was just on changing the zip code for those having Keller mailing addresses. He added that the only thing that the United States Post Office was concerned with was whether the change (or not) would assist them in delivering the mail more effectively. He stated that the City of Keller was also working to have all of their residents that have other city addresses to be changed to Keller, Texas, addresses. He added that this is consistent with the City's philosophy of letting those residents north of Loop 820 know that they are Fort Worth residents and the City does care about them. He stated that there was strong support from the North Fort Worth Alliance. He talked about the meetings held with them and the public information campaign that was moving forward and that the Discussion and Consideration of a CITY OF FORT WORTH ECONOMIC AND COMMUNITY DEVELOPMENT COMMITTEE OCTOBER 7, 2008 Page 10 of 16 Resolution Supporting a Fort Worth Zip Code for North Fort Worth Residents (cont'd) (Agenda Item 4) neighborhoods were being notified of this effort. Council Member Espino stated that the key issue was the surveys and that the City wanted to make sure that there was enough education so that when the surveys were sent to the residents they would know how to fill out the surveys and hopefully support this zip code change. Council Member Espino indicated that the Post Office was going to split the zip code anyway, thus this situation presented a good time for this change to a Fort Worth zip code and realize this Fort Worth identity. He added that in discussions with the Hillwood Development Company there was a lot of value in the Fort Worth name and zip code for development purposes. Council Member Espino indicated his support for this item and encouraged the Council Members to support it as well. He also talked about the associated inconvenience to the residents in the new zip code would be to have to change their address information. He emphasized the importance of having those residents have the Fort Worth address. Mayor Moncrief requested clarification on the action to be taken by the committee. Mrs. Washington explained that it would be to recommend forwarding the resolution to the City Council for consideration. She added that it would come before the Council for consideration on October 21, 2008. Assistant City Attorney Peter Vaky advised the committee members that no formal action was necessary and that the resolution would be forwarded to the City Council for consideration unless there were objections. Chairman Jordan advised that this item would be forwarded to the City Council and that no objections had been stated. This concluded the presentation and discussion on this item. Discussion and Consideration of Changing the Name of the Economic and Community Development Committee to the Housing and Economic Development Committee (Agenda Item 5) Chairman Jordan advised that this item was to consider the changing of the name of the committee from the Economic and Community Development Committee to the Housing and CITY OF FORT WORTH ECONOMIC AND COMMUNITY DEVELOPMENT COMMITTEE OCTOBER 7, 2008 Page 11 of 16 Discussion and Consideration of Changing the Name of the Economic and Community Development Committee to the Housing and Economic Development Committee (cont'd) (Agenda Item 5) Economic Development Committee. He pointed out that this change would not in any way affect the names of the other corporation boards, i.e., Housing Finance Corporation, Local Development Corporation, etc. There was discussion on the appropriate motion for this item. The Council Members indicated their support of this change. Assistant City Attorney Peter Vaky stated that this change would require a change to the City Council's Rules of Procedure. He stated that the City staff would send an M & C (unless there were objections) to the Council at the next available meeting to amend the Rules of Procedure and this would accomplish the task that the committee just discussed. There were no objections from the committee members. This concluded the discussion on this item. Briefing on the Economic Impact of Railhead Business Park in North Fort Worth (Agenda Item 6) Shallah Hatch, Economic Development Specialist, Housing and Economic Development Department, spoke before the committee on the Railhead Business Park. Using a PowerPoint presentation, she reviewed the following information. Ms. Hatch provided an overview of this development as follows: • Railhead Industrial Park covers over 633 acres. • The Park borders Blue Mound Rd on the east and N Main St on the west near the intersection of Loop 820 and Interstate 35 West. • The Park has approximately 11 business residents which are mainly engaged in distribution. • Railhead is served directly by both the Union Pacific and BNSF Railway lines. • Approximately 1,500 employees work within the Park on a daily basis. • Two active tax abatements with Mattel& ConAgra. • One Chapter 380 agreement with Railhead. CITY OF FORT WORTH ECONOMIC AND COMMUNITY DEVELOPMENT COMMITTEE OCTOBER 7, 2008 Page 12 of 16 Briefing on the Economic Impact of Railhead Business Park in North Fort Worth (cont'd) (Agenda Item 6) Ms. Hatch presented a map of the Railhead Industrial Park, which identified the location of the various businesses that are located in the park. Ms. Hatch talked about the employment and space usage as follows: Company Square Feet Company Employees Mattel Toys Inc 1,006,000 Mission Foods 400 Saddle Creek & International 775,000 Millard Refrigerated Services 300 Paper Del Monte 698,000 Quorum International LP 160 Millard Refrigerated Services 674,000 Vip Sales Company, Inc. 145 Conagra Foods Pkg Food Co. 505,000 Mattel Toys, Inc. 121 Inc. Total SF 6,150,000 Total Jobs 1,497 Total Property Valuations $440,809,715.00 She then presented a graph showing the property tax revenues from 1998 until 2007. She provided a table of the 2007 property tax breakout as follows: Tax Unit Tax Rate 2007 Tax Amount City of Fort 0.855 $2,597,124.00 Worth Tarrant County 0.2665 $1,822,977.00 Tarrant Regional 0.02 $65,320.00 Water District JPS Health 0.230397 $711,487.00 Network Tarrant County 0.13938 $455,198.00 College Eagle Mtn- 1.3301 $4,130,454.00 Saginaw ISD Total 2.84 $8,782,561.00 CITY OF FORT WORTH ECONOMIC AND COMMUNITY DEVELOPMENT COMMITTEE OCTOBER 7, 2008 Page 13 of 16 Briefing on the Economic Impact of Railhead Business Park in North Fort Worth (cont'd) (Agenda Item 6) Ms. Hatch reviewed the economic impact analysis as follows: Direct Indirect Total Employment 1,497 1,497 2,994 Total Payroll $47,386,038.00 $47,386,038.00 $94,772,076.00 Total Sales $94,772,076.00 ------ $94,772,076.00 Direct Indirect Total Property Investment Real & Personal $440,809,715 $88,161,943.00 $528,971,658.00 Residential $23,652,600.00 N/A $20,652,600.00 Direct Indirect Total Sales Tax Receipts $274,199.00 $274,199.00 $548,399.00 (City, The T, Crime District) Property Tax Receipts $9,454,620.00 $1,756,512.00 $11,211,133.00 Total Tax Receipts $11,759,531.00 Ms. Hatch advised the next step was to apply the same methodology and make a presentation on RiverPark (November 2008) and/or to make similar presentations as necessary on other developments/projects. Ms. Hatch concluded her presentation and then introduced Abbie Greer, President of Railhead Properties. Ms. Greer spoke before the committee on the park. She stated that they prided themselves on the fact that they were the only business park that had access to the rail line. As part of the association, they managed the neutral rail that they actually had put into the park that served the tenants. She explained that both railroads have access to their neutral rail system and they made the deals through the tenants themselves. She explained that they have eight (8) more sites available and were looking to have 10 million square feet in the park. She stated that recently they added flex space to the park to try to bring in a different market and different clientele offering smaller spaces of approximately 10,000 square feet. Ms. Greer concluded her remarks. Chairman Jordan opened the floor for questions and/or comments. CITY OF FORT WORTH ECONOMIC AND COMMUNITY DEVELOPMENT COMMITTEE OCTOBER 7, 2008 Page 14 of 16 Briefing on the Economic Impact of Railhead Business Park in North Fort Worth (cont'd) (Agenda Item 6) Mayor Moncrief asked about the percentage of their project that was leased and what was available. Ms. Greer stated that until recently they only had 5% vacancy in the park. As of right now, with the new flex space, they have 700,000 square feet available. She explained out of that figure, there was a 430,000 sq. ft. building that would be available in the next month. She stated now there was about a 12% vacancy in the park. Chairman Jordan thanked Ms. Greer and Shallah Hatch for their presentations. This concluded the presentation and discussion on this agenda item. Consideration of Written Reports (Agenda Item 7) Incentive Report Card Jay Chapa, Director of Housing and Economic Development Department, distributed to the committee members promotional incentive report cards showing a brief synopsis of the Fort Worth incentive programs (tax abatement and economic development program agreements). He indicated that Council Member Carter Burdette had requested this type of information in a simple format that could be distributed to the citizens. He added that the draft had been shown to the Council several months ago and this was the final version. He indicated that the Council could share these with their constituents and staff would also do the same. Chairman Jordan asked if this information had been posted to the City's web page. Mr. Chapa indicated that more detailed information had been placed on the web page; however, it was just not as succinct as the post card information. Council Member Burdette commended Mr. Chapa and his staff for putting this information together. He felt it would be very helpful to the citizens. He also hoped that the City staff could get it disseminated as widely as possible. He suggested that it be placed on the City's City Page in the Star-Telegram Newspaper occasionally. He indicated that it was important to get this information out to the citizens to show that the City was doing something positive and getting a handsome net return for what was being done. Council Member Espino felt this format showing the simple breakdown should be placed on the City's web page. He especially like the visual format of the graphical information and stated it was very helpful. He emphasized the importance of seeing the leveraging and the return on the investment. He added that it was also important to see the Minority and Women's Business Enterprise component. CITY OF FORT WORTH ECONOMIC AND COMMUNITY DEVELOPMENT COMMITTEE OCTOBER 7, 2008 Page 15 of 16 Mr. Chapa indicated that it could be added to the City's web page. He also expressed appreciation to Shallah Hatch, who put the report together. Executive Session (Agenda Item 8) Chairman Jordan advised that the Executive Session for the following items was not necessary: A. Seek the advice of its attorneys concerning legal issues related to any current agenda 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; 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 City 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. This agenda item was passed over. Request for Future Agenda Items (Agenda Item 9) There were no requests for future agenda items. Date of Next Regular Meeting— November 4, 2008 (Agenda Item 10) Chairman Jordan advised that the next regular meeting of the Economic and Community Development Committee would be held on Tuesday, November 4, 2008. Adiourn (Agenda Item 11) With no further presentations or discussions, Chairman Jordan adjourned the regular meeting of the Economic and Community Development Committee at 1:45 p.m., on Tuesday, October 7, 2008. CITY OF FORT WORTH ECONOMIC AND COMMUNITY DEVELOPMENT COMMITTEE OCTOBER 7, 2008 Page 16 of 16 These minutes approved by the Economic and Community Development Committee on the 2nd day of December, 2008. APPROVED: Jungus Jordan, Chairman Minutes Prepared by and Attest: Marty Hendrix, City Secretary