HomeMy WebLinkAbout2016/06/07-Minutes-Fort Worth Local Development Corporation (FWLDC)CITY OF FORT WORTH, TEXAS
FORT WORTH LOCAL DEVELOPMENT CORPORATION
TUESDAY, DUNE 7, 2016
Present:
President Gyna Bivens
Vice President Cary Moon
Treasurer W. B. "Zim" Zimmerman
Secretary Dennis Shingleton
Trustee Salvador Espino
Trustee Jungus Jordan
Trustee Kelly Allen Gray
Absent:
Trustee Betsy Price
Trustee Ann Zadeh
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 2:14 p.m. on Tuesday,
June 7, 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 March 22, 2016.
Motion was made by Trustee Jordan and seconded by Trustee Shingleton to approve the
March 22, 2016, minutes of the Corporation. The motion passed 7-0. (Trustees Price and Zadeh
absent.)
3. Written Reports: Fort Worth Local Development Corporation Financial Report
through April 30, 2016.
There was no action or discussion on this item.
4. Briefings.
A. Discussion and Consideration of a Resolution to Authorize a License Agreement with
Citizens Concerned with Human Dignity for the Temporary Use of 911 E. Rosedale.
Ms. Ana Alvarado, Economic Development Manager, provided a PowerPoint presentation titled
"911 E. Rosedale Juneteenth License".
CITY OF FORT WORTH, TEXAS
FORT WORTH LOCAL DEVELOPMENT CORPORATION
TUESDAY, JUNE 7, 2016
PAGE 2
Motion was made by Trustee Allen Gray, and seconded by Trustee Shingleton, to approve
Resolution No. FWLDC-2016-06, Authorizing a License Agreement with Citizens Concerned
with Human Dignity for the Temporary Use of 911 E. Rosedale. The motion carried 7-0.
(Trustees Price and Zadeh absent.)
B. Discussion and Consideration of a Resolution to Authorize a Short -Term Lease
Agreement with CHM Industries, Inc., for the Utilization of the Warehouse Space at
4700 Blue Mound Road,
Ms. Ana Alvarado, Economic Development Manager, provided a PowerPoint presentation titled
"Proposed Short -Term Lease with CHM Industries, Inc. for 4700 Blue Mound Road".
Motion was made by Trustee Espino, and seconded by Trustee Shingleton, to approve
Resolution No. FWLDC-2016-07, Authorizing a Short -Term Lease Agreement with CHM
Industries, Inc., for the Utilization of the Warehouse Space at 4700 Blue Mound Road. The
motion carried 7-0. (Trustees Price and Zadeh absent.)
C. Discussion and Consideration of a Resolution to Authorizing the Execution of a Sale
Commission Agreement with Transwestern Commercial Services Upon CHM Industries,
Inc. Exercising its Option to Purchase the Property Located at 4700 Blue Mound Road.
Ms. Ana Alvarado, Economic Development Manager, provided a PowerPoint presentation titled
"Sale Commission Agreement with Transwestern Commercial Services".
Motion was made by Trustee Shingleton, and seconded by Trustee Moon, to approve Resolution
No. FWLDC-2016-08, Authorizing the Execution of a Sale Commission Agreement with
Transwestern Commercial Services Upon CHM Industries, Inc. Exercising its Option to
Purchase the Property Located at 4700 Blue Mound Road. The motion carried 7-0. (Trustees
Price and Zadeh absent.)
D. Authorizing the Settlement of the Fort Worth Local Development Corporation Claims
Against Chesapeake Energy Corporation, et.al., Related to the Lawsuit Currently Pending
in the 352❑d District Court of Tarrant County, Texas in Cause No. 352-272138-14, Styled
Fort Worth Housing Finance Corporation, Fort Worth Local Development Corporation,
and Villas of Eastwood, 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 information on the settlement and requested
the Board adopt the resolution.
Motion was made by Trustee Shingleton, and seconded by Trustee Jordan, to approve Resolution
No, FWLDC-2016-09, Authorizing the Settlement of the Fort Worth Local Development
Corporation Claims Against Chesapeake Energy Corporation, et.al., Related to the Lawsuit
Currently Pending in the 352"d District Court of Tarrant County, Texas in Cause No. 352-
272138-14, Styled Fort Worth Housing Finance Corporation, Fort Worth Local Development
Corporation, and Villas of Eastwood, 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 Price and Zadeh absent.)
CITY OF FORT WORTH, TEXAS
FORT WORTH LOCAL DEVELOPMENT CORPORATION
TUESDAY, JUNE 7, 2016
PAGE
5. 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.
6. Requests for Future Agenda Items.
President Bivens requested that staff provide information on whether the FWLDC had previously
issued bonds and if not, if the LWLDC could issue bonds.
7. Adjourn.
With no further discussion, President Bivens adjourned the meeting of the Fort Worth Local
Development Corporation Board at 2:24 p.m. on Tuesday, June 7, 2016.
These minutes approved by the Fort Worth Local Development Corporation Board of Directors
on the 20th day of September, 2016.
President
AT ST:
ennis Shingle n
Secretary
Prepared and respectfully submitted by:
Mary J. Kay C/ C
City Secretary