HomeMy WebLinkAbout2021/04/20-Minutes-Fort Worth Local Development Corporation (FWLDC) CITY OF FORT WORTH, TEXAS
FORT WORTH LOCAL DEVELOPMENT CORPORATION
TUESDAY, APRIL 20, 2021
Present:
President Gyna Bivens (Video)
Vice President Cary Moon
Secretary Dennis Shingleton
Trustee Betsy Price
Trustee Carlos Flores
Trustee Brian Byrd
Trustee Kelly Allen Gray (Video)
Trustee Jungus Jordan
Trustee Ann Zadeh
City Staff:
Jay Chapa, Deputy City Manager
Leann Guzman, Deputy City Attorney
Reginald Zeno, Treasurer
Mary J. Kayser, City Secretary
I. Call to Order.
With a quorum present President Bivens called the meeting to order for the Board of Directors of
the Fort Worth Local Development Corporation(Corporation) at 1:00 p.m. on Tuesday, April 20,
2021, in the City Council Conference Room, Room 2020 of the Fort Worth Municipal Building,
200 Texas Street, Fort Worth, Texas.
II. Written Reports
a. Financial Report through February 2021
b. Fiscal Year 2020 Independent Financial Review Audit per the Agreed-Upon procedures
from Weaver and Tidwell, LLP
III. Presentations
a. Proposed Blue Mound Road Use of Funds
Ms. Brenda Hicks-Sorensen, Assistant Director of Economic Development,provided an overview
of how$7,000,000.00 from the sale of the Blue Mound Road property would be used towards the
LDC supported projects; $1,000,000.00 will be used for Small Business Development; and
$1,000,000.00 will be placed in the Economic Development Incentive Fund.
Next Steps: The LCD Supported Project Policy will be on the May 18, 2021 LDC agenda. A
Request of Proposal will be issued for organizations to address the recommendations outlined in
the Small Business & Entrepreneurial Ecosystem Assessment and Strategy. Staff will place the
Donation of $1 M to the City of Fort Worth for investment into the Economic Development
Incentive Fund on the May 18, 2021 LDC Agenda for Board Consideration.
CITY OF FORT WORTH,TEXAS
FORT WORTH LOCAL DEVELOPMENT CORPORATION
TUESDAY,APRIL 20,2021
PAGE 2
IV. Action Items
a. Approval of March 23, 2021,Meeting Minutes.
Motion was made by Trustee Price and seconded by Trustee Moon to approve the March 23,2021,
minutes of the Corporation. The motion passed 9-0.
V. Executive Session
There was no Executive Session.
VI. Future Agenda Items
There were no requests for future agenda items.
VII. Adjourn
With no further discussion, President Bivens adjourned the meeting of the Fort Worth Local
Development Corporation Board at 1:25 p.m. on Tuesday,April 20, 2021.
These minutes approved by the Fort Worth Local Development Corporation Board of Directors
on the 18th day of May, 2021.
A ROVED:
Gyna ivens
President
ATTEST:
Pre ZA
respectfully submitted by:
ar J. Kayser, Corporate Se etary