HomeMy WebLinkAbout2020/08/18-Minutes-Fort Worth Local Development Corporation (FWLDC) CITY OF FORT WORTH,TEXAS
FORT WORTH LOCAL DEVELOPMENT CORPORATION
TUESDAY,AUGUST 18, 2020
Present:
President Gyna Bivens (Video)
Vice President Cary Moon
Secretary Dennis Shingleton
Trustee Betsy Price (Arrived at 1:55 p.m.)
Trustee Carlos Flores
Trustee Brian Byrd
Trustee Kelly Allen Gray (Video)
Trustee Jungus Jordan
Trustee Ann Zadeh (Video)
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 Vice President Moon called the meeting to order for the Board of Directors
of the Fort Worth Local Development Corporation(Corporation)at 1:21 p.m. on Tuesday,August
18, 2020 in the City Council Chambers, Fort Worth Municipal Building, 200 Texas Street, Fort
Worth, Texas.
IL Action Items
a. Approval of May 5, 2020 MeetingMinutes.
Motion was made by Trustee Bivens and seconded by Trustee Jordan to approve the May 5, 2020,
minutes of the Corporation. The motion passed 8-0 (Trustee Price absent)
b. Election of Officers
Motion was made by Trustee Jordan and seconded by Trustee Byrd that the following be elected:
Gyna Bivens,President,Cary Moon,Vice President,the City Secretary as Secretary, and the Chief
Financial Officer as Treasurer. The motion carried 8-0 (Trustee Price absent).
c. Consider and Adopt a Resolution Authorizing the Execution of an Agreement with
CohnReznick, LLP for Independent Audit Services for the Corporation's Financial
Accounts
Ms. Elise Back, Manager, provided the staff report.
Motion was made by Trustee Bivens and seconded by Trustee Byrd to approve Resolution No.
FWLDC-2020-05, Authorizing the Execution of an Agreement with CohnReznick, LLP for
Independent Audit Services for the Corporation's Financial Accounts. Motion passed 8-0(Trustee
Price absent.)
CITY OF FORT WORTH,TEXAS
FORT WORTH LOCAL DEVELOPMENT CORPORATION
TUESDAY,AUGUST 18,2020
PAGE 2
d. Consider and Adopt a Resolution Approving the Budget for the 2021 Fiscal Year
Ms. Elise Back,Manager,provided the staff report.
Motion was made by Trustee Bivens and seconded by Trustee Byrd to approve Resolution No.
FWLDC-2020-06, Approving the Budget for the 2021 Fiscal Year. Motion passed 8-0 (Trustee
Price absent.)
III. Briefings
a. None.
IV. Presentations
a. Update on the Business Resiliency Microloan Program
Mr. Robert Burns, Director, provided an update on the Microloan program. The consensus of the
Board was to leave the program as is at this time.
This item was for informational purposes only.
V.Written Reports
a. Financial Report through June 2020
b. Fiscal Year 2019 Audit Report Results from CohnReznick
c. Update on Pending Sale of Blue Mound Road Industrial Complex
d. Update on 5401 & 5425 E. Berry Street Request for Expressions of Interest(RFEI)
e. Update on Evans & Rosedale Urban Village Redevelopment
These items were for informational purposes only.
VI. Executive Session
There was no Executive Session.
VIL Future Agenda Items
There were no requests for future agenda items.
VIL Adjourn
With no further discussion, Vice President Moon adjourned the meeting of the Fort Worth Local
Development Corporation Board at 2:03 p.m. on Tuesday,August 18, 2020.
These minutes approved by the Fort Worth Local Development Corporation Board of Directors
on the 22nd day of September, 2020.
CITY OF FORT WORTH,TEXAS
FORT WORTH LOCAL DEVELOPMENT CORPORATION
TUESDAY,AUGUST 18,2020
PAGE 3
APPROVED:
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Gyna Bivens
President
ATTEST:
Prepared and respectfully submitted by:
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Mary J. Kayser, Corporate Secretary