HomeMy WebLinkAbout2020/05/05-Minutes-Fort Worth Local Development Corporation (FWLDC) CITY OF FORT WORTH,TEXAS
FORT WORTH LOCAL DEVELOPMENT CORPORATION
TUESDAY,MAY 5,2020
Present:
President Gyna Bivens (Video)
Vice President Cary Moon(Video)
Secretary Dennis Shingleton
Trustee Betsy Price
Trustee Carlos Flores (Video)
Trustee Brian Byrd (Video)
Trustee Kelly Allen Gray (Video)
Trustee Jungus Jordan
Trustee Ann Zadeh (Video)
City Staff:
Jay Chapa, Deputy City Manager
Leann Guzman, Senior Assistant City Attorney
Reginald Zeno, Treasurer
Mary J. Kayser, City Secretary
L 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 10:01 a.m. on Tuesday, May 5,
2020 in the City Council Conference Room, Room 290 of the Fort Worth Municipal Building,200
Texas Street, Fort Worth, Texas.
IL Action Items
a. Approval of Minutes from the Meeting Held on February 18, 2020.
Motion was made by Trustee Byrd and seconded by Trustee Shingleton to approve the February
18, 2020, minutes of the Corporation. The motion passed 9-0.
b. Consider and Adopt a Resolution to Ratify the Financial Lending Service Agreement with
PeopleFund, a Community Development Financial Institution, to Establish the Business
Resiliency Microloan Program
Mr. Robert Sturns,Director,provided a PowerPoint briefing titled"Business Resiliency Microloan
Program".
Motion was made by Trustee Price and seconded by Trustee Byrd to approve Resolution No.
FWLDC-2020-04,Adopting a Resolution to Ratify the Financial Lending Service Agreement with
PeopleFund, a Community Development Financial Institution, to Establish the Business
Resiliency Microloan Program. Motion passed 8-1 (Moon dissenting).
III. Future Agenda Items
President Bivens asked for a presentation on grants for small businesses and minority businesses.
CITY OF FORT WORTH,TEXAS
FORT WORTH LOCAL DEVELOPMENT CORPORATION
TUESDAY,MAY 5,2020
PAGE 2
IV.Adjourn
With no further discussion, President Bivens adjourned the meeting of the Fort Worth Local
Development Corporation Board at 10:33 a.m. on Tuesday,May 5, 2020.
These minutes approved by the Fort Worth Local Development Corporation Board of Directors
on the 181h day of August, 2020.
APPROVED:
—/�k . 4'�
Gyna Bivens
President
ATTEST:
Prepared and respectfully submitted by:
Mary J. Kayser, Corporate Secretary