HomeMy WebLinkAbout2018/06/11-Minutes-Fort Worth Local Development Corporation (FWLDC)CITY OF FORT WORTH, TEXAS
FORT WORTH LOCAL DEVELOPMENT CORPORATION
TUESDAY, DUNE 12, 2018
Present:
President Gyna M. Bivens
Vice President Cary Moon
Secretary Dennis Shingleton
Trustee Betsy Price (Arrived at 1:35 p.m.)
Trustee Brian Byrd
Trustee Jungus Jordan
Trustee Kelly Allen Gray
Trustee Ann Zadeh
Absent
Trustee Carlos Flores
City Staff
Susan Alanis, Assistant City Manager
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 1:33 p.m. on Tuesday, June 12,
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 March 6, 2018.
Motion was made by Trustee Shingleton and seconded by Trustee. Allen Gray to approve the
March 6, 2018, minutes of the Corporation. The motion passed 7-0. (Trustees Price and Flores
absent.)
b. Election of Officers
Mr. Robert Sturns, Economic Development Department, advised that election of officers for the
Board occurred on an annual basis and recommended that current board members be reelected
with terms expiring June 20, 2020, as follows: President, Gyna Bivens; Vice President Cary
Moon; Secretary, Mary Kayser; and Treasurer, Aaron Bovos.
Motion was made by Trustee Byrd and seconded by Trustee Shingleton that the current slate of
board officers be reelected as recommended by staff with terms expiring June 20, 2020. The
motion passed 8-0. (Trustee Flores absent.)
CITY OF PORT WORTH, TEXAS
FORT WORTH LOCAL DEVELOPMENT CORPORATION
TUESDAY, JUNE 12, 2018
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III. Presentations
a. Update regarding the Sale of Pinnacle Bank Place
Mr. Michael Hennig, Business Development Coordinator, provided an update pertaining to the
sale of Pinnacle Bank Place. This presentation was for informational purposes only; no action
was required or taken by the Board.
IV. Written Reports
a. Financial Report through April 2018
b. Fiscal Year 2017 Audit Report Results from Weaver and Tidwell, LLP
c. Update Regarding the New Market Tax Credit Application and Proposed Next Steps
Regarding the Development of Property Located at 5401_ and 5425 E. Berry Street
V. Executive Session:
There was no Executive Session.
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VI. Future Agenda Items
There were no requests for future agenda items.
VII. Adjourn
With no further discussion, President Bivens adjourned the meeting of the Fort Worth Local
Development Corporation Board at 1:42 p.m. on Tuesday, June 12, 2018.
These minutes approved by the Fort Worth Local Development Corporation Board of Directors
on the 21" day of August, 2018.
AP OVED:
Gyna Bi ens
President
ATTEST:
and respectfully submitted by:
P. Gonzales
it Corporate