HomeMy WebLinkAbout2016/03/22-Minutes-Fort Worth Local Development Corporation (FWLDC)CITY OF FORT WORTH, TEXAS
FORT WORTH LOCAL DEVELOPMENT CORPORATION
TUESDAY, MARCH 22, 2016
Present:
President Gyna Bivens
Vice President Cary Moon
Treasurer W. B. "Zim" Zimmerman
Secretary Dennis Shingleton
Trustee Betsy Price
Trustee Kelly Allen Gray
Trustee Ann Zadeh
Absent:
Trustee Salvador Espino
Trustee Jungus Jordan
City staff:
Jay Chapa, Assistant City Manager
Leann Guzman, Senior Assistant City Attorney
Mary J. Kayser, City Secretary
1. 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 6:28 p.m. on Tuesday,
March 22, 2016, in the Pre -Council Chamber of the Fort Worth Municipal Building, 1000
Throckmorton Street, Fort Worth, Texas,
2. Approval of Minutes from the Meeting Held on February 2, 2016.
Motion was made by Trustee Price and seconded by Trustee Shingleton to approve the
March 1, 2016, minutes of the Corporation. The motion passed 7-0. (Trustees Espino and Jordan
absent.)
3. Briefings.
A. Discussion and Consideration of a Resolution to Authorize Settlement of the Portion of
the Fort Worth Local Development Corporation Claims Against Total E&P (USA), Inc.
and Total Gas & Power North America, Inc., Currently Pending in the 352nd District
Court of Tarrant County, Texas in Cause No, 352-272138-14, Styled Fort Worth Housing
Finance Corporation, Fort Worth Local Development Corporation, and the Villas of
Eashi)ood Terrace, LLC, v Chesapeake Energy Corporation, et al and Authorize
Execution of all Lease Documents and All Agreements Necessary to Complete the
Settlement.
Mr. Gerald Pruitt, Deputy City Attorney, provided a summary of the settlement.
CITY OF FORT WORTH, TEXAS
FORT WORTH LOCAL DEVELOPMENT CORPORATION
TUESDAY, MARCH 22, 2016
PAGE 2
Motion was made by Trustee Price, and seconded by Trustee Zimmerman, to approve Resolution
No. FWLDC-2016-03, Authorizing Settlement of the Portion of the Fort Worth Local
Development Corporation Claims Against Total E&P (USA), Inc. and Total Gas & Power North
America, Inc., Currently Pending in the 352nd District Court of Tarrant County, Texas in Cause
No, 352-272138-14, Styled Fort Worth Housing Finance Corporation, Fort Worth Local
Development Corporation, and the Villas of Eastv,00d Teri -ace, LLC, v Chesapeake Energy
Corporation, et al and Authorize Execution of all Lease Documents and All Agreements
Necessary to Complete the Settlement, The motion carried 7-0. (Trustees Espino and Jordan
absent.)
B. Discussion and Consideration of a Resolution to Authorize a Lease Agreement with a
Right to Purchase Option with CHM Industries, Inc., for Property Located at 4700 Blue
Mound Road, a 130,000 Square Foot Industrial Facility,
C. Discussion and Consideration of a Resolution to Authorize a Leasing Commission
Agreement with Transwestern Commercial Services, Fort Worth, LLC for Property
Located at 4700 Blue Mound Road.
Mr. Robert Sturns, Economic Development Director, advised that the staff briefing for Items 3B
and 3C would be presented at the same time. He provided a PowerPoint presentation titled,
"Proposed Lease with CHM Industries, Inc. for 4700 Blue Mound Road and displayed an aerial
view of the property location. He provided an overview of the company, its divisions and
products and then outlined the terms of the lease which included information on Transwestern
Commercial Services commission rate. He concluded his presentation by stating that staff
recommended the Board approve the above resolutions.
Motion was made by Trustee Shingleton, and seconded by Trustee Zimmerman, to approve
Resolution No. FWLDC-2016-04, Authorizing a Lease Agreement with a Right to Purchase
Option with CHM Industries, Inc., for Property Located at 4700 Blue Mound Road, a 130,000
Square Foot Industrial Facility, and Resolution No. FWLDC-2016-05, Authorizing a Leasing
Commission Agreement with Transwestern Commercial Services, Fort Worth, LLC for Property
Located at 4700 Blue Mound Road. The motion carried 7-0. (Trustees Espino and Jordan
absent.)
Due to a posting error, there was no discussion or action on the following agenda items:
4. Briefings.
D. Discussion and Consideration of a Resolution to Authorize a License Agreement to
Citizens Concerned with Human Dignity for the Temporary Use of 911 E. Rosedale,
5. Executive Session
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
CITY OF FORT WORTH, TEXAS
FORT WORTH LOCAL DEVELOPMENT CORPORATION
TUESDAY, MARCH 22, 2016
PAGE
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,
6. Requests for Future Agenda Items.
7. Adjourn.
With no further discussion, President Bivens adjourned the meeting of the Fort Worth Local
Development Corporation Board at 6:37 p.m. on Tuesday, March 22, 2016.
These minutes approved by the Fort Worth Local Development Corporation Board of Directors
on the 7t" day of June, 2016.
PROVE
Gyna iv
President
Prepared and respectfully su itted by:
Mary J. Ka e C/ MC
City Secretar