HomeMy WebLinkAbout2018/01/23-Minutes-Fort Worth Local Development Corporation (FWLDC)CITY OF FORT WORTH, TEXAS
FORT WORTH LOCAL DEVELOPMENT CORPORATION
TUESDAY, JANUARY 23, 2018
Present:
President Gyna M. Bivens
Vice President Cary Moon
Secretary Dennis Shingleton
Trustee Carlos Flores
Trustee Brian Byrd
Trustee Jungus Jordan
Trustee Kelly Allen Gray (Arrived at 2:04 p.m.)
Trustee Ann Zadeh (Arrived at 2:02 p.m.)
Absent:
Trustee Betsy Price
City Staff:
Robert Sturns, Director Economic Development Department
Leann Guzman, Senior Assistant City Attorney
Ronald P. Gonzales, Assistant City Secretary
Aaron Bovos, CFO/Treasurer
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 2:01 p.m. on Tuesday, January
23, 2018, in the City Council Conference Room, Room 290 of the Fort Worth Municipal
Building, 200 Texas Street, Fort Worth, Texas.
a. Approval of Minutes from the Meeting Held on January 9, 2018.
Motion was made by Trustee Shingleton and seconded by Trustee Moon to approve the
January 9, 2018, minutes of the Corporation. The motion passed 8-0. (Trustee Price absent.)
I1. Executive Session: President Bivens stated she had been advised that there was no need for
an executive session to discuss the following items:
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 Section 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
CITY OF FORT WORTH, TEXAS
FORT WORTH LOCAL DEVELOPMENT CORPORATION
TUESDAY, JANUARY 23, 2018
PAGE 2
C. Discuss or deliberate negotiations relating to any economic development
negotiations, as authorized by Section 551.087 of the Texas Government Code,
III. Action Items
President Bivens advised that she had requested that Action Items a and b, as reflected on the
agenda, be considered together.
a. Consider and Adopt a Resolution Authorizing the Sale of Pinnacle Bank Place.
b. Consider and Adopt a Resolution Authorizing a Short -Term Bridge Loan to the Lancaster
Corridor Redevelopment, LLC.
Ms. Brenda Hicks -Sorensen, Assistant Director, provided a PowerPoint presentation titled,
"Local Development Corporation Update".
Motion was made by Trustee Moon and seconded by Trustee Shingleton to approve Resolution
FWLDC-2018-01, Authorizing the Sale of Pinnacle Bank Place and Resolution FWLDC-2018-
02, Authorizing a Short -Term Bridge Loan to the Lancaster Corridor Redevelopment, LLC..
The motion passed 8-0. (Trustee Price absent.)
c. Consider and Adopt a Resolution Approving Expenditure up to $80,000.00 with Empire
Roofing, Inc., for the Replacement of the Roof at 1401 Meacham Boulevard.
Ms. Brenda Hicks -Sorensen, Assistant Director, provided a PowerPoint presentation titled,
"Roof Replacement at 1401 Meacham Boulevard".
Motion was made by Trustee Shingleton and seconded by Trustee Flores to approve Resolution
FWLDC-2018-03, Approving Expenditure up to $100,000.00 with Empire Roofing, Inc., for the
Replacement of the Roof at 1401 Meacham Boulevard. The motion passed 8-0. (Trustee Price
absent.)
IV. Presentation.
There was no presentation.
V. Written Reports
a. Financial Report through December 2017.
Financial report was acknowledged by the Board.
VI. Future Agenda Items
a. There were no requests for future agenda items.
CITY OF FORT WORTH, TEXAS
FORT WORTH LOCAL DEVELOPMENT CORPORATION
TUESDAY, JANUARY 23, 2018
PAGE
VII. Adjourn
With no further discussion, President Bivens adjourned the meeting of the Fort Worth Local
Development Corporation Board at 2:28 p.m. on Tuesday, January 23, 2018.
These minutes approved by the Fort Worth Local Development Corporation Board of Directors
on the 20"' day of February, 2018.
P OVED:
Gyna Biv ns
President
ATTEST:
P d and respectfully submitted by:
onald P. Gonzales
Assistant Corporate Secretary