The URL can be used to link to this page

Home My WebLink About2013/06/04-Agenda-AllianceAirport Authority (AAA) ALLIANCEAIRPORT AUTHORITY,INC. Agenda Tuesday,June 4,2013 Immediately Following the Pre-Council Meeting of the City Council of the City of Fort Worth Scheduled to Begin at 3:00 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 L Call to Order IL Approve Minutes of February 19,2013 Meeting III. 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 IV. 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. V. 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. FEBRUARY 19,2013 Present: President Jungus Jordan Vice President Salvador Espino Director Betsy Price (Arrived at 1:09 p.m.) Director Danny Scarth Director W.B. "Zim"Zimmerman Director Frank Moss Director Dennis Shingleton Director Kelly Allen Gray City Staff: Fernando Costa,Assistant City Manager Peter Vaky, Deputy City Attorney Ronald P. Gonzales,Assistant City Secretary Tom Higgins, City Manager Jay Chapa, Director of Housing and Economic Development Chris Mosley, Senior Assistant City Attorney Henry Day, Housing and Economic Development 1. 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 1:03 p.m. on Tuesday, February 19, 2013, in the Pre-Council Chamber of the Fort Worth Municipal Building, 1000 Throckmorton Street, Fort Worth, Texas,with Director Price temporarily absent. II. Approve Minutes of December 11,2012 Meetings President Jordan opened the floor for a motion on the approval of the minutes. Motion was made by Director Shingleton and seconded by Director Zimmerman to approve the minutes of the December 11, 2012, AllianceAirport Authority, Inc., meeting. Motion carried unanimously 8 ayes 0 nays, with Director Price temporarily absent. III. Election of Treasurer Deputy City Attorney advised the Corporation that the City's Chief Financial Office was usually elected as Treasurer to the Board Motion was made by Director Shingleton and seconded by Director Scarth that Horatio Porter, Chief Financial Officer, be elected as Treasurer to the AllianceAirport Authority, Inc. The motion carried 8-0, with Director Price temporarily absent. CITY OF FORT WORTH,TEXAS ALLIANCEAIRPORT AUTHORITY,INC. FEBRUARY 19, 2013 Page 2 of 3 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. President Jordan opened the floor for discussion on this issue. There being no discussion, President Jordan opened the floor for a motion. Motion was made by Director Moss and seconded by Director Zimmerman, to adopt Resolution No. AAA-2013-01. Motion carried unanimously 9-0. V. Executive Session (Director Price assumed her place at the table.) In accordance with Chapter 551 of the Texas Government Code, President Jordan and the Directors of the AllianceAirport Authority, Inc., convened into Executive Session at 1:07 p.m. on Tuesday, February 19, 2013, in the Pre-Council Chamber of the Fort Worth City Hall, 1000 Throckmorton Street, Fort Worth, Texas 76102, 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. President Jordan adjourned the Executive Session at 1:12 p.m., on Tuesday, February 19, 2013. President Jordan reconvened the regular session of the AllianceAirport Authority, Inc., at 1:12 p.m., on Tuesday, February 19, 2013. VI. Adiourn With no further business before the Corporation Board, President Jordan adjourned the meeting of the AllianceAirport Authority, Inc., at 1:12 p.m. on Tuesday, February 19, 2013. CITY OF FORT WORTH,TEXAS ALLIANCEAIRPORT AUTHORITY,INC. FEBRUARY 19,2013 Page 3 of 3 These minutes approved by the AllianceAirport Authority, Inc., on the day of , 2013. APPROVED: Jungus Jordan, Chairman Minutes Prepared by and Attest: Ronald P. Gonzales, TRMC/CMC Secretary to the Corporation Board ALLIANCEAIRPORT No: AUTHORITY, INC. RESOLUTION Date: 06-04-13 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\June 2013\AllianecAirport Authority AMR Bankruptcy Counsel Res June 2013(2).DOC WHEREAS, to date, the cost of legal services provided by Peter Lewis is $161,134.03; and WHEREAS, the subject project is still pending and it is estimated that an additional amount of approximately $20,000.00 beyond the current authorized $160,000.00 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$180,000.00 in the aggregate. ADOPTED this 4th day of June, 2013. ATTEST: Ron Gonzales Secretary S:\Alliance Airport Authority Meetings\June 2013\AllianecAirport Authority AMR Bankruptcy Counsel Res June 2013(2).DOC