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Home My WebLink About2013/02/19-Agenda-AllianceAirport Authority (AAA) ALLIANCEAIRPORT AUTHORITY,INC. Agenda Tuesday,February 19,2013 1:00 P.M. Pre-Council Chamber, Second Floor,City Hall 1000 Throckmorton Street,Fort Worth,Texas 76102 Board of Directors Jungus Jordan,President Kelly Allen Gray,Director Dennis Shingleton,Director Salvador Espino,Vice President Frank Moss,Director Danny Scarth,Director Joel Burns,Director Betsy Price,Director Zim Zimmerman,Director I. Call to Order IL Approve Minutes of December 11,2012 Meeting III. Election of Treasurer IV. Adopt Resolution Increasing the Amount to be Paid to Peter C. Lewis and the Law Firm of Scheef& Stone, L.L.P. as Outside Legal Counsel to Represent AllianceAirport Authority, Inc. in Matters Related to In re AMR Corporation, et al., United States Bankruptcy Court for the Southern District of New York,Case Number 11-15463 V. Executive Session—The Board of Directors of AllianceAirport Authority,Inc.will conduct a closed meeting to: A. Seek the advice of its attorneys concerning In re AMR Corporation, et al., United States Bankruptcy Court for the Southern District of New York, Case Number 11- 15463,which is 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. VL Adjourn This facility is wheelchair accessible. For accommodations or sign interpretive services, please call the City Manager's Office at 392-6143,48 hours in advance. CITY OF FORT WORTH,TEXAS CITY COUNCIL ALLIANCEAIRPORT AUTHORITY,INC. DECEMBER 11,2012 Present: President Jungus Jordan (Arrived at 3:05 p.m.) Vice President Salvador Espino Director Betsy Price Director Danny Scarth (Arrived at 3:01 p.m.) Director W.B. "Zim"Zimmerman Director Frank Moss Director Dennis Shingleton Director Kelly Allen Gray (Arrived at 2:57 p.m.) Director Joel Burns City Staff: Tom Higgins, City Manager Sarah Fullenwider, City Attorney Peter Vaky, Deputy City Attorney Mary J. Kayser, City Secretary Jay Chapa, Director of Housing and Economic Development Bill Welstead, Director of Aviation Chris Mosley, Senior Assistant City Attorney Henry Day, Housing and Economic Development I. Call to Order With a quorum of the directors present, Vice President Espino called the meeting to order for the Board of Directors of the AllianceAirport Authority, Inc., at 2:56 p.m. on Tuesday, December 11, 2012, in the Pre-Council Chamber of the Fort Worth Municipal Building, 1000 Throckmorton Street, Fort Worth, Texas, with President Jordan and Directors Scarth and Allen Gray temporarily absent. II. Approve Minutes of November 12, 2012 Meeting Vice President Espino opened the floor for a motion on the approval of the minutes. Motion was made by Director Price and seconded by Director Burns to approve the minutes of the November 12, 2012, AllianceAirport Authority, Inc.,meeting. Motion carried unanimously 6 ayes 0 nays. (President Jordan and Directors Scarth and Allen Gray absent) III. Executive Session In accordance with Chapter 551 of the Texas Government Code, Vice President Espino and the Directors of the AllianceAirport Authority, Inc., convened into Executive Session at 2:56 p.m. on Tuesday, December 11, 2012, in the Pre-Council Chamber of the Fort Worth City Hall, 1000 Throckmorton Street, Fort Worth, Texas 76102. Due to the large attendance of citizens and City CITY OF FORT WORTH,TEXAS ALLIANCEAIRPORT AUTHORITY,INC. DECEMBER 11,2012 Page 2 of 2 staff assembled in the Pre-Council Chamber at this time, it was determined that the meeting be moved to Room 289 in order to: A. Seek the advice of its attorneys concerning In re AMR Corporation, et al., United States Bankruptcy Court for the Southern District of New York, Case Number 11-15463, which is 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; C. 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 D. Discuss or deliberate negotiations relating to any economic development negotiations, as authorized by Section 551.087 of the Texas Government Code. Vice President Espino adjourned the Executive Session at 3:06 p.m., on Tuesday, December 11, 2012. Vice President Espino reconvened the regular session of the AllianceAirport Authority, Inc., at 3:06 p.m., on Tuesday, December 11, 2012. IV. Adiourn With no further business before the Corporation Board, Vice President Espino adjourned the meeting of the AllianceAirport Authority, Inc., at 3:06 p.m. on Tuesday, December 11, 2012. These minutes approved by the AllianceAirport Authority, Inc., on the day of , 2013. APPROVED: Jungus Jordan, Chairman Minutes Prepared by and Attest: Mary J. Kayser, City Secretary ALLIANCEAIRPORT No: AUTHORITY, INC. RESOLUTION Date: 02-19-13 Increasing the Amount to be Paid to Peter C. Lewis and the Law Firm of Scheef& Stone, L.L.P. as Outside Legal Counsel to Represent AllianceAirport Authority, Inc. in Matters Related to the AMR Bankruptcy WHEREAS, AllianceAirport Authority, Inc. (the "Corporation") owns the American Airlines maintenance facility adjacent to Fort Worth Alliance Airport and issued bonds to finance construction of that facility (the "Maintenance Facility") and certain equipment located therein; and WHEREAS, the Corporation accordingly has interests that may be affected by the bankruptcy of American Airlines, Inc. and American Airlines Inc.'s parent company, AMR Corporation (collectively, the "AMR Bankruptcy"); and WHEREAS, because the interests that are affected by the AMR Bankruptcy are of extraordinary importance and involve complex litigation, it was necessary to retain outside legal counsel to represent the Corporation in such matters through Resolution Number 2012-01 adopted on March 20, 2012; and WHEREAS,Peter C. Lewis is an attorney with extensive bankruptcy law experience and is well-qualified to represent the Corporation in such matters; and WHEREAS, because the City of Fort Worth (the "City") may also have interests affected by the AMR Bankruptcy concerning the Maintenance Facility that require the assistance of outside bankruptcy legal counsel, the City Council, by separate resolution of the City Council, ratified and approved the retention Mr. Lewis and the law firm of Scheef & Stone, L.L.P. to represent the City in such matters; and WHEREAS, the Corporation is a nonprofit industrial development corporation created pursuant to the Development Corporation Act of 1979, as amended, exclusively for the purpose of benefiting and accomplishing public purposes of, and to act on behalf of, the City of Fort Worth (the "City"), including, without limitation, the promotion and development of new and expanded business enterprises and employment; and WHEREAS, it is proper for the Corporation to pay any legal fees that the City may be obligated to pay Mr. Lewis and the law firm of Scheef& Stone, L.L.P. for representation of the City in matters related to the AMR Bankruptcy to the extent that such services concern the Maintenance Facility; and S:\Alliance Airport Authority Meetings\February 2013\AllianecAirport Authority AMR Bankruptcy Counsel Res Feb 2013(2).DOC WHEREAS, to date, the cost of legal services provided by Peter Lewis is $150,918.67; and WHEREAS, the subject project is still pending and it is estimated that an additional amount of approximately $10,000.00 beyond the current authorized $150,000.00 will be needed for the legal services necessary to bring this litigation to a successful conclusion. NOW, THEREFORE, BE IT RESOLVED, that, as far as practicable, the compensation to be paid to Peter C. Lewis and the law firm of Scheef& Stone, L.L.P. pursuant to the representation of both the Corporation and, to the extent that such representation concerns the Maintenance Facility, the City shall not exceed$160,000.00 in the aggregate. ADOPTED this 19th day of February, 2013. ATTEST: Ron Gonzales Secretary S:\Alliance Airport Authority Meetings\February 2013\AllianecAirport Authority AMR Bankruptcy Counsel Res Feb 2013(2).DOC