HomeMy WebLinkAbout2019/08/20-Minutes-Fort Worth Local Development Corporation (FWLDC)CITY OF FORT WORTH, TEXAS
FORT WORTH LOCAL DEVELOPMENT CORPORATION
TUESDAY, AUGUST 20, 2019
Present:
President Gyna Bivens
Vice President Cary Moon
Secretary Dennis Shingleton
Trustee Betsy Price
Trustee Carlos Flores
Trustee Brian Byrd
Trustee Kelly Allen Gray
Trustee Jungus Jordan
Trustee Ann Zadeh
City Staff:
Jay Chapa, Assistant City Manager
Leann Guzman, Senior Assistant City Attorney
Reginald Zeno, Treasurer
Mary J. Kayser, City Secretary
I. 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 1:33 p.m. on Tuesday, August
20, 2019 in the City Council Conference Room, Room 290 of the Fort Worth Municipal Building,
200 Texas Street, Fort Worth, Texas.
II. Action Items
a. Approval of Minutes from the Meeting Held on June 18, 2019.
Motion was made by Trustee Jordan and seconded by Trustee Flores to approve the June 18, 2019,
minutes of the Corporation. The motion passed 9-0.
b. Consider and Adopt a Resolution Authorizing the Execution of an Agreement with
CohnReznick LLC for Independent Audit Services for the Corporation's Financial
Accounts
There was no staff presentation on this item.
Motion was made by Trustee Jordan and seconded by Trustee Byrd to approve Resolution No.
FWLDC-2019-04, Authorizing the Execution of an Agreement with CohnReznick LLC for
Independent Audit Services for the Corporation's Financial Accounts. Motion passed 9-0.
c. Consider and Adopt a Resolution Approving an Amended Budget for the 2019 Fiscal Year
Mr. Justin McLaughlin, Strategic Development Coordinator, presented a PowerPoint presentation
titled, "Fort Worth Local Development Corporation Amended FY19 and Proposed FY20 Budget".
(Note: This presentation included Action Items II.c and IIA)
Motion was made by Trustee Moon and seconded by Trustee Zadeh to approve Resolution No.
FWLDC-2019-05, Approving an Amended Budget for the 2019 Fiscal Year. Motion passed 9-0.
CITY OF FORT WORTH, TEXAS
FORT WORTH LOCAL DEVELOPMENT CORPORATION
TUESDAY, AUGUST 20, 2019
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d. Consider and Adopt a Resolution Approving the Budget for the 2020 Fiscal Year.
Motion was made by Trustee Price and seconded by Trustee Jordan to approve Resolution No.
FWLDC-2019-06, Approving the Budget for the 2020 Fiscal Year. Motion passed 9-0.
III. Briefings
There were no briefings.
IV. Presentations
There were no presentations
V. Written Reports
a. Financial Report through June 2019
VI. Executive Session:
There was no Executive Session.
VII. Future Agenda Items
Trustee Moon requested information on how the Corporation can centralize processes and
accounting/financial services.
VIII. Adjourn
With no further discussion, President Bivens adjourned the meeting of the Fort Worth Local
Development Corporation Board at 1:49 p.m. on Tuesday, August 20, 2019.
These minutes approved by the Fort Worth Local Development Corporation Board of Directors
on the 18`1' day of February, 2020. A
ATTEST:
Prepared and respectfully-gubmitted by:
Q
Mary J. Kaye • Corpora e Secretary