HomeMy WebLinkAbout2018/03/06-Minutes-Fort Worth Local Development Corporation (FWLDC)CITY OF FORT WORTH, TEXAS
FORT WORTH LOCAL DEVELOPMENT CORPORATION
TUESDAY, MARCH 6, 2018
Present:
President Gyna M. Bivens
Secretary Dennis Shingleton
Trustee Betsy Price
Trustee Carlos Flores (Arrived at 2:31 p.m.)
Trustee Brian Byrd
Trustee Jungus Jordan
Trustee Ann Zadeh
Absent:
Vice President Cary Moon
Trustee Kelly Allen Gray
City Staff.
Jay Chapa, Assistant City Manager
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 2:30 p.m. on Tuesday, March 6,
2018, 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 February 20, 2018.
Motion was made by Trustee Zadehand seconded by Trustee Byrd to approve the
February 20, 2018, minutes of the Corporation. The motion passed 6-0. (Directors Flores, Moon
and Allen Gray absent.)
b. Discussion and Consideration of a Resolution to Approve an Agreement with Housing
Channel and Related Affiliates for the Development of 5401 and 5425 E. Berry St., Fort
Worth, Contingent upon Receipt of New Market Tax Credits
Ms. Brenda Hicks -Sorensen, Assistant Director, provided a PowerPoint presentation titled,
"5401 and 5425 E. Berry Street Development Project."
Motion was made by Trustee Jordan and seconded by Trustee Price to approve Resolution No.
FWLDC-2018-04, Approving an Agreement with Housing Channel and Related Affiliates for
the Development of 5401 and 5425 E. Berry St., Fort Worth, Contingent upon Receipt of New
Market Tax Credits. The motion passed 7-0. (Directors Moon and Allen Gray absent.)
CITY OF FORT WORTH, TEXAS
FORT WORTH LOCAL DEVELOPMENT CORPORATION
TUESDAY, MARCH 6, 2018
PAGE
III. Presentations
There were no presentations.
IV. Written Reports
There were no written reports.
V. 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
C. Discuss or deliberate negotiations relating to any economic development
negotiations, as authorized by Section 551.087 of the Texas Government Code.
VII. Adjourn
With no further discussion, President Bivens adjourned the meeting of the Fort Worth Local
Development Corporation Board at 2:41 p.m. on Tuesday, March 6, 2018.
These minutes approved by the Fort Worth Local Development Corporation Board of Directors
on the 121h day of June, 2018.
PROVED:
Gyna Bivens
President
ATTEST:
P epa ed and respect y submitted by:
onald P. Gonzales
Assistant Corporate Secretary