HomeMy WebLinkAbout2018/09/25-Minutes-Fort Worth Local Development Corporation (FWLDC)CITY OF FORT WORTH, TEXAS
FORT WORTH LOCAL DEVELOPMENT CORPORATION
TUESDAY, SEPTEMBER 25, 2018
Present:
Vice President Cary Moon
Secretary Dennis Shingleton
Trustee Betsy Price
Trustee Carlos Flores
Trustee Brian Byrd
Trustee Jungus Jordan
Trustee Ann Zadeh
Absent:
President Gyna Bivens
Trustee Kelly Allen Gray
City Staff.
Susan Alanis, Assistant City Manager
Leann Guzman, Senior Assistant City Attorney
Mary J. Kayser, City Secretary
I. Call to Order.
With a quorum present Vice President Moon called the meeting to order
Directors of the Fort Worth Local Development Corporation (Corporation)
Tuesday, September 25, 2018 in the City Council Conference Room, Roo
Worth Municipal Building, 200 Texas Street, Fort Worth, Texas.
H. Action Items
a. Approval of Minutes from the Meeting Held on August 21, 2018.
for the Board of
at 2:18 p.m. on
rn 290 of the Fort
Motion was made by Trustee Byrd and seconded by Trustee Zadeh to approve the
August 21, 2018, minutes of the Corporation. The motion passed 7-0 (President Bivens and
Trustee Allen Gray absent).
b. Consider and Adopt a Resolution Approving the Budget for 2019 Fiscal Year
Ms. Brenda Hicks -Sorensen, Assistant Director, provided a PowerPoint presentation titled, "Fort
Worth Local Development Corporation FY19 Budget".
Motion was made by Trustee Price and seconded by Trustee Flores to approve Resolution No.
FWLDC-2018-07, Approving the Budget for 2019 Fiscal Year. The motion passed 7-0
(President Bivens and Trustee Allen Gray absent).
c. Consider and Adopt a Resolution Authorizing the Sale of the Blue Mound Road
Industrial Complex Located at 4600-4700 Blue Mound Road to CHM Industries, Inc. and
Anchor Fabrication, LLC for a Combined Amount of Not Less Than $11.0 Million
CITY OF FORT WORTH, TEXAS
FORT WORTH LOCAL DEVELOPMENT CORPORATION
TUESDAY, SEPTEMBER 25, 2018
PAGE 2
Ms. Brenda Hicks -Sorensen, Assistant Director, provided a PowerPoint presentation titled, "Blue
Mound Road Industrial Complex".
Motion was made by Trustee Price and seconded by Trustee Byrd to approve Resolution No.
FWLDC-2018-08, Authorizing the Sale of the Blue Mound Road Industrial Complex Located at
4600-4700 Blue Mound Road to CHM Industries, Inc. and Anchor Fabrication, LLC for a
Combined Amount of Not Less Than $11.0 Million, and to retain the mineral rights as long as
the Board is in possession of the mineral rights. The motion passed 7-0 (Directors Moon and
Shingleton absent).
III. Presentations
There were no presentations
IV. Written Reports
a. Financial Report through July 2018
V. Executive Session:
There was no Executive Session.
VI. Future Agenda Items
There were no future agenda items.
VII. Adjourn
With no further discussion, Vice President Moon adjourned the meeting of the Fort Worth Local
Development Corporation Board at 1:40 p.m. on Tuesday, September 25, 2018.
These minutes approved by the Fort Worth Local Development Corporation Board of Directors
on the 16th day of October, 2018.
APPROVED:
Cary Moon
Vice President
ATTEST:
Prepared and respectfu."bmitted by:
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