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HomeMy WebLinkAbout2017/06/17-Agenda-AllianceAirport Authority (AAA) ALLIANCEAIRPORT AUTHORITY,INC. TUESDAY,JUNE 20,2017 Immediately Following the Lone Star Local Government Corporation Meeting Scheduled to Begin at 2:00 P.M. City Council Conference Room, City Hall,Room 290 200 Texas Street Fort Worth, Texas 76102 Board of Directors Jungus Jordan, President Kelly Allen Gray, Director Dennis Shingleton, Director Brian Byrd, Director Gyna M. Bivens, Director Cary Moon, Director Ann Zadeh, Director Betsy Price, Director Sal Espino, Vice President L CALL TO ORDER II. ACTION ITEMS A. Approval of September 20, 2016 meeting minutes B. Election of Officers C. Discussion and Consideration of a Resolution Authorizing Robert Sturns as an Authorized Signatory Agent of the AllianceAirport Authority, Inc. - Jesus Chapa, Assistant City Manager III. WRITTEN REPORTS A. Fiscal Year 2016 Audit Report Results from Weaver and Tidwell, LLP IV.EXECUTIVE SESSION The Board of Directors of AllianceAirport Authority, Inc. will conduct a closed meeting to: A. Seek the advice of its attorneys about any matter regarding the following in which the duty of the attorney under the Texas Disciplinary Rules of Professional Conduct of the State Bar of Texas clearly conflicts with the Texas Open Meetings Act [Tex. Govt. Code §551.071]: (i) legal issues related to any current agenda items 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 Corporation 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. V. FUTURE AGENDA ITEMS A. Request for Future Agenda Items VL ADJOURN ASSISTANCE AT THE PUBLIC MEETING The Fort Worth City Hall and City Council Conference Room are wheelchair accessible. Persons with disabilities who plan to attend this meeting and who may need accommodations,auxiliary aids,or services such as interpreters,readers,or large print are requested to contact the City's ADA Coordinator at (817) 392-8552 or e-mail ADAgEortWorthTexas.gov at least 48 hours prior to the meeting so that appropriate arrangements can be made. If the City does not receive notification at least 48 hours prior to the meeting, the City will make a reasonable attempt to provide the necessary accommodations at least two working days prior to the meeting so that appropriate arrangements can be made. CITY OF FORT WORTH,TEXAS CITY COUNCIL ALLIANCEAIRPORT AUTHORITY,INC. SEPTEMBER 20, 2016 Present: President Jungus Jordan Director Betsy Price (Arrived at 2:28 p.m.) Director W.B. "Zim"Zimmerman Director Cary Moon Director Dennis Shingleton Director Ann Zadeh Absent: Vice President Salvador Espino Director Gyna Bivens Director Kelly Allen Gray City Staff: Peter Vaky, Deputy City Attorney Jay Chapa,Assistant City Manager Mary Kayser, City Secretary I. Call to Order With a quorum of the directors present, President Jordan called the meeting to order for the Board of Directors of the AllianceAirport Authority, Inc., at 2:26 p.m. on Tuesday, September 20, 2016, in the Pre-Council Chamber of the Fort Worth Municipal Building, 1000 Throckmorton Street, Fort Worth, Texas. II. Approve Minutes of May 3,2016,Meeting Motion was made by Director Moon and seconded by Director Shingleton to approve the minutes of the May 3, 2016, AllianceAirport Authority, Inc., meeting. Motion carried unanimously 5 ayes to 0 nays. (Vice President Espino and Directors Price, Bivens and Allen Gray absent.) III A. Discussion and Consideration of a Resolution Authorizing Execution of an Agreement with Weaver and Tidwell, LLP for the 2016 Outside Audit of the AllianceAirport Authority,Inc.'s Financial Accounts Mr. Robert Sturns, Director, Economic Development Department, provided information on this resolution and requested the Board adopt the resolution authorizing the agreement. CITY OF FORT WORTH,TEXAS ALLIANCEAIRPORT AUTHORITY,INC. SEPTEMBER 20,2016 Page 2of3 Motion was made by Director Zimmerman and seconded by Director Shingleton to approve Resolution No. AAA-2016-02, Authorizing Execution of an Agreement with Weaver and Tidwell, LLP for the 2016 Outside Audit of the AllianceAirport Authority, Inc.'s Financial Accounts. Motion carried unanimously 5 ayes to 0 nays. (Vice President Espino and Directors Price, Bivens and Allen Gray absent.) III B. Adopt Resolution Authorizing the Transfer of $400,000.00 of Excess Funds to the City's Capital Maintenance Fund of the Alliance Fort Worth Facility Mr. Jay Chapa, Assistant City Manager, provided a summary pertaining to the transfer and requested the Board approve the resolution authorizing the transfer. Motion was made by Director Zimmerman and seconded by Director Shingleton to approve Resolution No. AAA-2016-03, Authorizing the Transfer of$400,000.00 of Excess Funds to the City's Capital Maintenance Funds of the Alliance Fort Worth Facility. Motion carried unanimously 6 ayes to 0 nays. (Vice President Espino and Directors Bivens and Allen Gray absent.) IV. Executive Session President Jordan stated that had been advised that an Executive Session was not necessary on the following items: A. Seek the advice of its attorneys concerning legal issues related to any current agenda item, which 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; 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 Corporation 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. V. Request for Future Agenda Items There were no requests for future agenda items. VI. Adjourn With no further business before the Corporation Board, President Jordan adjourned the meeting of the AllianceAirport Authority, Inc., at 2:30 p.m. on Tuesday, September 20, 2016. CITY OF FORT WORTH,TEXAS ALLIANCEAIRPORT AUTHORITY,INC. MAY 3,2016 Page 3 of 3 These minutes approved by the A1lianceAirport Authority, Inc., on the 20 day of June, 2017. APPROVED: Jungus Jordan, President Minutes Prepared by and Attest: Mary J. Kayser, TRMC/MMC Secretary to the Corporation Board RESOLUTION NO. ALLIANCEAIRPORT AUTHORITY,INC. RESOLUTION OF THE BOARD OF DIRECTORS Appointing Robert Sturns as an Authorized Signatory Agent of the AllianceAirport Authority,Inc. WHEREAS, Article VIII of the Articles of Incorporation of the AllianceAirport Authority, Inc., (the "Corporation") and Article II, Section 2.03 of the Bylaws of the Corporation authorize the Board of Directors (the "Board") to exercise all of the powers of the Corporation; and WHEREAS, in order to increase administrative efficiency, the Board wishes to appoint Robert Sturns as an authorized signatory agent of the Corporation; NOW, THEREFORE, BE IT RESOLVED that Robert Sturns is hereby appointed as an authorized signatory agent of the Authority and, from and after the effective date of this Resolution, may sign and execute all bonds, deeds, conveyances, franchises, assignments, mortgages, notes, contracts, and other obligations in the name of the Authority and be an authorized signatory agent of the Authority's Bank Accounts; FURTHER RESOLVED, that this Resolution shall take effect immediately upon its adoption; and FURTHER RESOLVED, the authority granted herein shall expire automatically upon any separation of employment with the City of Fort Worth, including retirement, by Robert Sturns; and FURTHER RESOLVED, the Board by Resolution may, at any time and for any reason, revoke the authority granted herein; and FURTHER RESOLVED, that the Secretary or any Assistant Secretary of the Authority is hereby authorized and directed to certify the adoption of this Resolution. Adopted this 201h day of June, 2017. Secretary FORT WORTH. MEMORANDUM Date: June 20, 2017 To: President Jungus Jordan & Directors From: Robert Sturns, Economic Development Director Subject: Fiscal Year 2016 AllianceAirport Authority, Inc., Financial Audit by Weaver & Tidwell, LLP The AllianceAirport Authority (AAA) Board approved on September 20, 2016 an outside audit of the Corporation's financial account by Weaver & Tidwell, LLP. The audit has been completed and was distributed to the board on May 4, 2017. As a reminder, the Corporations are legally separate entities that are considered Blended Component Units of the City. City Charter outlines the necessity of an annual independent audit. This audit shall include the certification of specific statements required under the Annual Appropriations Ordinance. Such statements shall include a balance sheet which will exhibit the assets and liabilities of the City, summaries of income and expenditures, and also a comparison, in proper classification, with the previous year. The completed audit meets the requirements as outlined. If you have any questions, please feel free to contact me at (817) 212-2663.