HomeMy WebLinkAbout2018/08/21-Minutes-Fort Worth Local Development Corporation (FWLDC)CITY OF FORT WORTH, TEXAS
FORT WORTH LOCAL DEVELOPMENT CORPORATION
TUESDAY, AUGUST 21, 2018
Present:
President Gyna M. Bivens
Secretary Dennis Shingleton (Arrived at 3:49 p.m,)
Trustee Betsy Price
Trustee Carlos Flores
Trustee Brian Byrd
Trustee Jungus Jordan
Trustee Kelly Allen Gray
Trustee Ann Zadeh
Absent:
Vice President Cary Moon
City Staff:
Susan Alanis, Assistant City Manager
Leann Guzman, Senior Assistant City Attorney
Ronald P. Gonzales, Assistant 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 3:21 p.m. on Tuesday,
August 21, 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 June 12, 2018.
Motion was made by Trustee Price and seconded by Trustee Byrd to approve the
June 12, 2018, minutes of the Corporation. The motion passed 7-0 (Directors Moon and
Shingleton absent).
b. Consider and Adopt a Resolution Authorizing the Outside Audits of the Fort Worth Local
Development Corporation's Financial Accounts by Weaver and Tidwell, LLP and
Authorize the Execution of Agreement with Weaver and Tidwell, LLP
Ms. Brenda Hicks -Sorensen, Assistant Director, provided a staff report.
Motion was made by Trustee Price and seconded by Trustee Zadeh to approve Resolution No,
FWLDC-2018-05, Authorizing the Outside Audits of the Fort Worth Local Development
Corporation's Financial Accounts by Weaver and Tidwell, LLP. The motion passed 7-0
(Directors Moon and Shingleton absent).
CITY OF FORT WORTH, TEXAS
FORT WORTH LOCAL DEVELOPMENT CORPORATION
TUESDAY, AUGUST 21, 2018
PAGE 2
c. Consider and Adopt a Resolution Authorizing the Transfer of a Portion of the Proceeds
from the Sale of 250 Lancaster (Pinnacle Bank Place) to the City of Fort Worth for the
Economic Development Incentive Fund and Economic Development Specialist Position,
Contingent upon Fort Worth City Council Approval
Ms. Brenda Hicks -Sorensen, Assistant Director, provided a PowerPoint presentation titled, "250
Lancaster Update and Use of Funds".
Motion was made by Trustee Price and seconded by Trustee Byrd to approve Resolution No.
FWLDC-2018-06, Authorizing the Transfer of a Portion of the Proceeds from the Sale of 250
Lancaster (Pinnacle Bank Place) to the City of Fort Worth for the Economic Development
Incentive Fund and Economic Development Specialist Position, Contingent upon Fort Worth
City Council Approval. The motion passed 7-0 (Directors Moon and Shingleton absent).
III. Written Reports
a. Financial Report through June 2018
b.. Update on 5401 and 5425 E. Berry Street Request for. Expressions of Interest
IV. Executive Session:
President Bivens convened the executive session at 3:39 p.m. 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.
President Bivens adjourned the executive session at 3:48 p,m.
President Bivens reconvened the regular session of the Fort Worth Local Development
Corporation at 3:49 p.m.
V. Future Agenda Items
President Bivens requested that staff provide a report regarding Fort Worth ISD developing new
property for various uses. She added that some of the property may be available that the City
could use to address homelessness issues and asked staff to discuss this possibility with Fort
Worth ISD.
VII. Adjourn
CITY OF FORT WORTH, TEXAS
FORT WORTH LOCAL DEVELOPMENT CORPORATION
TUESDAY, AUGUST 21, 2018
PAGE
With no further discussion, President Bivens adjourned the meeting of the Fort Worth Local
Development Corporation Board at 3:52 p.m. on Tuesday, August 21, 2018.
These minutes approved by the Fort Worth Local Development Corporation Board of Directors
on the 25"' day of September, 2018.
APPROVED:
Cary Moon
Vice President
ATTEST:
and respectfully submitted by:
P. Gonzales
it Corporate Secretary