HomeMy WebLinkAbout2015/04/07-Minutes-Fort Worth Local Development Corporation (FWLDC)CITY OF FORT WORTH, TEXAS
FORT WORTH LOCAL DEVELOPMENT CORPORATION
TUESDAY, APRIL 7, 2015
Present:
President Danny Scarth
Vice President Gyna Bivens
Treasurer W. B. "Zim" Zimmerman
Trustee Betsy Price
Trustee Salvador Espino
Trustee Jungus Jordan
Trustee Dennis Shingleton
Trustee Kelly Allen Gray
Trustee Ann Zadeh
City staff:
Fernando Costa, Assistant City Manager
Leann Guzman, Senior Assistant City Attorney
Mary J. Kayser, City Secretary
Jay Chapa, Administrator
Cynthia Garcia, Assistant Administrator
1. Call to Order.
With a quorum present President Scarth called the meeting to order for the Board of Directors of
the Fort Worth Local Development Corporation (Corporation) at 2:41 p.m. on Tuesday,
April 7, 2015, 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 November 11, 2014.
Motion was made by Trustee Price and seconded by Trustee Zimmerman to approve the
November 11, 2014, minutes of the Corporation as presented. The motion passed 9-0.
3. Written Reports: Fort Worth Local Development Corporation Financial Report
through February 28, 2015.
There was no action or discussion on this item.
4. Consider and Adopt Resolution of the LDC as the Sole Member of the Lancaster
Corridor Redevelopment, LLC, Approving the Removal of Tom Higgins as Manager and
the Appointment of Fernando Costa as Manager of Lancaster Corridor Redevelopment,
LLC.
Ms. Jay Chapa, Administrator, noted that the retirement of Tom Higgins required that a new
Manager be appointed. Staff is recommending Fernando, Costa.
There was no discussion on this item.
Motion was made by Trustee Shingleton and seconded by Trustee Jordan, to adopt Resolution
No, FWLDC-2015-01, Approving the Removal of Tom Higgins as Manager and the
CITY OF FORT WORTH, TEXAS
FORT WORTH LOCAL DEVELOPMENT CORPORATION
TUESDAY, APRIL 7, 2015
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Appointment of Fernando Costa as Manager of Lancaster Corridor Redevelopment, LLC. The
motion passed 9-0.
5. Executive Session — President Scarth stated that he 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 Scarth opened the floor on requests for future agenda items. No requests were made.
7. Adjourn.
With no further discussion, President Scarth adjourned the meeting of the Fort Worth Local
Development Corporation Board at 2:42 p.m. on Tuesday, April 7, 2014.
These minutes approved by the Fort Worth Housing Finance Corporation Board of
Directors on the 16"' day of June, 2015.
tAPVED:
Gyna Bivei s
Vice President
Prepared and respect wly submitted by:
Mary J. Kr ofi TRMJ/MMC
City Secre ry