HomeMy WebLinkAbout2005/11/08-Minutes-Fort Worth Local Development Corporation (FWLDC) CITY OF FORT WORTH, TEXAS
FORT WORTH LOCAL DEVELOPMENT CORPORATION
CALLED—SPECIAL SESSION
MINUTES
TUESDAY,NOVEMBER 8,2005
Present:
President Wendv Davis
Vice President Chuck Silcox
Secretary Becky Haskin
Treasurer Salvador Espino
Director Mayor Mike Moncrief
Director Jungus Jordan
Director Carter Burdette
Director Kathleen Hicks (arrived at 3:40 p.m.)
Absent:
Director Becky Haskin
Director Donavan Wheatfall
City staff:
Dale Fisseler, Assistant City Manager
Peter Vakv, Senior Assistant City Attorney
Cynthia Garcia, Senior Assistant City Attorney
Marty Hendrix, City Secretary
Tom Higgins, Economic and Community Development Director
Jay Chapa, Assistant Director of Economic and Community Development
Christine McGuire, Community Development Manager
Other City staff in attendance included:
Charles Boswell, City Manager
David Yett, City Attomey (arrived at 2-43 p-m.)
Costa Triantaphilides, City Auditor
Call to Order (Agenda Item 1)
With a quorum of the Board Members present, President Davis called the meeting to
order for the Board of Directors of the Fort Worth Local Development Corporation at 2:38 p.m.
on Tuesday, November 8, 2005, in the Pre-Council Chamber of the Fort Worth Municipal.
Building., 1000 Thirockynorion, Fonz Worth, Director Hicks xvas tempora.61-y absent.
j I
CITY OF FORT WORTH, TEXAS
FORT WORTH LOCAL DEVELOPMENT CORPORATION
CALLED—SPECIAL SESSION
MINUTES
TUESDAY,NOVEMBER 8, 2005
Page 2
Approval of Minutes of August 16, 2005 (Agenda Item 11)
MOTION: Upon a motion made by Vice Chairman Silcox and seconded by Director
Moncrief, the Board of Directors of the Fort Worth Local Development
Corporation voted six (6) "ayes" and zero (0) "nays" to approve the minutes of
the called — special session held on Tuesday, August 16, 2005, with Directors
Wheatfall, Haskin and Hicks being absent,. The motion carried.
President Davis moved down to Agenda Item IV, Executive Session. In accordance with
the provisions of the Texas Open Meetings Act, President Davis adjourned the called — special
session of the Board of Directors of the Fort Worth Local Development Corporation into
Executive Session at 2:39 p.m., on Tuesday, November 8, 2005.
Executive Session (Agenda IV)
In accordance with Chapter 551 of the Texas Government Code, the Fort Worth Local
Development Corporation Board of Directors convened into the Executive Session at 2:39 p.m.
in the Pre-Council Chamber of the Fort Worth City Hall, 1000 Throckmorton, in order to discuss
the following:
a. See the advice of its attorneys concerning legal issues regarding 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 other economic development
negotiations, as authorized by Section 551.087 of the Texas Government Code.
(Director Hicks arrived at the meeting.)
The Executive Session was adjourned at 31-45 p.m.
CITY OF FORT WORTH, TEXAS
FORT WORTH LOCAL DEVELOPMENT CORPORATION
CALLED—SPECIAL SESSION
MINUTES
TUESDAY, NOVEMBER 8, 2005
Page 3
President Davis reconvened the called — special session of the Board of Directors of the
Fort Worth Local Development Corporation at 3:46 p.m.
President Davis returned to Agenda Item 111.
Consideration of a Purchase Contract for
21.55 Acres of Property Owned by the Fort
Worth Development Corporation to Vertex
Asset Partners, L.P., for a Commercial or
Mixed-Use Development (Agenda Item 111-A)
Senior Assistant City Attorney Cynthia Garcia provided a brief presentation of the action
to be taken by the Board of Directors on this agenda item, which was the purchase contract for
21.55 acres of property owned by the Fort Worth Development Corporation to Vertex Asset
Partners, L. P., for a commercial or mixed-use development.
Director Hicks expressed that this was extraordinary opportunity. She stated that the land
had been empty for many years. She added that District 8 has so much surplus property and she
appreciated Developer Michael Mallick's interest to come into the area and see the opportunity
that exists there.
MOTION: Upon a motion made by Director Hicks and seconded by Director Burdette, the
Board of Directors of the Fort Worth Local Development Corporation voted
seven `ayes" and zero (0) "nays" to approve the purchase contract for the 21.55
acres of property owned by the Corporation to Vertex Asset partners, L.P., for a
commercial or mixed-use development, with Directors Wheatfall and Haskin
being absent. The motion carried.
Consideration of the Terms of the Sale of
Property Located at 4600 Blue Mound Road
to American IronHorse Motorcycle
Coy m nv. Inc. (Agenda Item III-B)
Senior Assistant City Attorney Garcia advised that there was no need to proceed with
discussion or action on this agenda item at this time and that it would be delayed until the next
meeting of the Board.
CITY OF FORT WORTH, TEXAS
FORT WORTH LOCAL DEVELOPMENT CORPORATION
CALLED—SPECIAL SESSION
MINUTES
TUESDAY, NOVEMBER 8, 2405
Page 4
Adiourn (Agenda Item V)
With no further discussion, President Davis adjourned the called — special meeting of the
Fort Worth Local Development Corporation at 3:49 p.m. on Tuesday,November 8, 2005.
These minutes approved by the Fort Worth Local Development Corporation on the 17th
day of October, 2006.
APPROVED:
�J�14� z A 0"1 ,
President
ATTEST:
Secretary
Prepared and respectfully submitted by:
M y Hendrix, T C 1 C
City Secretary