HomeMy WebLinkAbout2017/03/21-Minutes-Fort Worth Local Development Corporation (FWLDC)CITY OF FORT WORTH, TEXAS
FORT WORTH LOCAL DEVELOPMENT CORPORATION
TUESDAY, MARCH 21, 2017
Present:
President Gyna Bivens
Treasurer W. B. "Zim" Zimmerman
Trustee Betsy Price (Arrived at 2:13 p.m.)
Trustee Salvador Espino
Trustee Jungus Jordan
Trustee Kelly Allen Gray (Arrived at 2:10 p.m.)
Trustee Arm Zadeh
Absent:
Vice President Cary Moon
Secretary Dennis Shingleton
City staff:
Jay Chapa, Assistant City Manager
Leann Guzman, Senior Assistant City Attorney
Mary J. Kayser, 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 2:06 p.m. on Tuesday,
March 21, 2017, in the Pre -Council Chamber of the Fort Worth Municipal Building, 1000
Throckmorton Street, Fort Worth, Texas.
II. Action Items
A. Approval of Minutes from the Meeting Held on December 13, 2016.
Motion was made by Trustee Zimmerman and seconded by Trustee Espino to approve the
December 13, 2016, minutes of the Corporation. The motion passed 5-0. (Vice President Moon,
Secretary Shingleton and Trustees Price, and Allen Gray absent.)
B. Discussion and Consideration of a Resolution to Authorize Renewal of Lease Agreement
with L&W Supply Corporation for Property Located at 1401 Meacham Blvd.
Ms. Ana Alvarado, Economic Development Manager, provided a PowerPoint presentation titled,
"Proposed Lease Renewal with L&W Supply Corporation for 1401 Meacham Blvd".
Motion was made by Trustee Zimmerman and seconded by Trustee Espino to approve
Resolution FWLDC-2017-01, Authorizing the Renewal of Lease Agreement with L&W Supply
Corporation for Property Located at 1401 Meacham Blvd. The motion passed 5-0. (Vice
President Moon, Secretary Shingleton and Trustees Price, and Allen Gray absent.)
CITY OF FORT WORTH, TEXAS
FORT WORTH LOCAL DEVELOPMENT CORPORATION
TUESDAY, MARCH 21, 2017
PAGE 2
C. Discussion and Consideration of a Resolution to Authorize Amendment to Lease
Agreement with Anchor Fabrication, Inc., for Property Located at 4600 Blue Mound
Road to Incorporate Commencement Date Deadline and Tenant Improvements Deadline.
Ms. Natalie Moore, Business Development Coordinator, provided a PowerPoint presentation
titled, "Proposed Lease Amendment with Anchor Fabrication, Inc.".
Motion was made by Trustee Espino and seconded by Trustee Jordan to approve Resolution
FWLDC-2017-02, Authorizing the Amendment to Lease Agreement with Anchor Fabrication,
Inc., for Property Located at 4600 Blue Mound Road to Incorporate Commencement Date
Deadline and Tenant Improvements Deadline. The motion passed 6-0. (Vice President Moon,
Secretary Shingleton and Trustee Price absent.)
D. Discussion and Consideration of a Resolution Authorizing Robert Sturns to be an
Authorized Signatory Agent on the Fort Worth Local Development Corporation Bank
Accounts.
Mr. Jay Chapa, Assistant City Manager, advised that this was an administrative clean-up
resolution that removed former employees and added Robert Sturns as a signatory.
Motion was made by Trustee Jordan and seconded by Trustee Zimmerman to approve
Resolution FWLDC-2017-03, Authorizing Robert Sturns to be an Authorized Signatory Agent
on the Fort Worth Local Development Corporation Bank Accounts. The motion passed 6-0.
(Vice President Moon, Secretary Shingleton and Trustee Price absent.)
III. Executive Session: President Bivens stated that she had been advised that an Executive
Session was not necessary.
A. Seek the advice of its attorneys concerning the following items that are exempt from
public disclosure under Article X, Section 9, of the Texas State Bar Rules, as
authorized by Section 551.071 of the Texas Government Code: (i) legal issues
concerning any current agenda item; and
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.
IV. Future Agenda Items.
Mr. Jay Chapa, Assistant City Manager, advised the Board that staff was preparing an overall
presentation briefing of the mission and strategic plan for the Fort Worth Local Development
Corporation that will be provided to the Board at a future meeting.
CITY OF FORT WORTH, TEXAS
FORT WORTH LOCAL DEVELOPMENT CORPORATION
TUESDAY, MARCH 21, 2017
PAGE
V. Adjourn.
With no further discussion, President Bivens adjourned the meeting of the Foil Worth Local
Development Corporation Board at 2:15 p.m. on Tuesday, March 21, 2017.
These minutes approved by the Foil Worth Local Development Corporation Board of Directors
on the 16`h day of May, 2017.
AP ROVED:
Gyna Bi n
President
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Dennis Shingleton
Secretary
Prepared and respectfully submitted by:
a-y"4 e�e-24
Mary J. Kays C C
retar City Sec