HomeMy WebLinkAbout2014/08/05-Minutes-Fort Worth Local Development Corporation (FWLDC)CITY OF FORT WORTH, TEXAS
FORT WORTH LOCAL DEV�LOPM�NT CORPORATION
TUESDAY, AUGUST 5, 2014
Present:
Pz•esident Danny Scarth
Vice President Gyna Bivens
Treasurer W, B, "Zim" Zimmerman
Trustee Salvador Espino
Tx•ustee Demiis Shingleton
Trustee Kelly Allen Gray
Trustee Ann Zadeh
Absent•
Trustee Betsy Price
Trustee Jungus Jordan
Ci staff:
Fernando Costa, Assistant City Manager
Leann Guzman, Senior Assistant City Attornay
Mary J. Kayser, City Secretary
Jay Chapa, Administrator
Cynthia Gaz�cia, 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 Coiporation (Corporation) at 2:42 p.m. on Tuesday,
August 5, 2014, in the Pre-Council Chamber of the Foi�t Worth Municipal Building; 1000
Tl�uockmoi�ton Street, Fort Worth, Texas, with Trustees Betsy Price and Jungus Jordan absent.
2. Approval of Minutes of the May 6, 2014, Meeting.
President Scarth opened the floor for a motion on the approval of the minutes of the
May 6, 2014, meeting.
Trustee Zadeh advised that she since she was not a member of the Coiporation Board on May 6,
2014, she would abstain from voting on this item,
Motion was made by Trustee Bivens and seconded by Trustee Shingleton to approve the
May 6, 2014, minutes of the Corporation as presented. The motion passed 6-0.
3. Written Reports: Fort Worth Local Development Corporation Financial Report
through June 30, 2014.
There was no action or discussion on this item.
CITY OF FORT WORTH, T�XAS
I'ORT WORTH LOCAL D�V�LOPM�NT CORPORATION
TU�SDAY, AUGUST 5, 2014
PAG�2
4. Consider and Adopt Resolation Authorizing a Lease Renewal with A&R, Inc., for
Property Located at 1381 Meacham Boulevard.
Ms. Cynthia Garcia, Administrator, provided a PowerPoint presentation titled, "Lease Renewal
with A&R Logistics, Inc, She displayed an aerial view of FWLDC property at 4600 Blue
Mound Road and then displayed another aerial view wliich depicted the location of A&R
Logistics, Inc., on Meacham Boulevaxd and within FWLDC property, She displayed two slides
that reflected the exterior of the A&R Logistics, Inc. building and then concluded her
presentation with the following �ecommended lease terms:
'� Current lease expires April 6, 2015, Five-year renewal would begin on Apri17, 2015
• Current rent is $4,809.44 per inonth
■ This would increase to $7,000.00 per month for the first two years and then would
increase 2%2 percent each year thereafter
• All other terms remain the same
■ A&R Logistics, Inc., pays for all utilities, cleaning, security, lighting, fences and
gates, repairs and maintenance; insures the building and name FWLDC as
additional insured,
There was no discussion on this item.
Motion was made by Trustee Shingleton and seconded by Trustee Espino to adopt Resolution
No. FWLDC-2014-OS Authorizing a Lease Renewal with A&R, Tnc., for Property Located at
1831 Meacham Boulevard. The rnotion passed 7-0.
5. Executive Session — President Scarth stated that he had been advised that an Executive
Session was not necessary to discuss the following items:
A. Seek the advice of its attorneys concerning the following items that are exempt fi•om
public disclosure under Ai�ticle X, Section 9, of the Texas State Bar Rules, as
authorized by Section 551.071 of the Texas Government Code: (i) legal issues
conceining any cw•rent 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 efPect on the position of the Corporation in negotiations with a
third pai�ty; and
C, Discuss or deliberate negotiations relating to any economic development
negotiations, as authoi�ized 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.
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CITY OI' FORT WORTH, T�XAS I
F'ORT WORTH LOCAL D�V�LOPMCNT CORPORATION �'
TU�SDAY, AUGUST 5, 2014 �
PAG� 3 �
�I
7. Adjourn. i
With no further discussion, President Scarth adjourned the meeting of the Fort Worth Local
Development Coiporation Board at 2:45 p.m. on Tuesday, August 5, 2014.
These minutes approved by the Fort Woi�th Housing Finance Coi;,poration Board of i
Directors on the 11��' day ofNovember, 2014. ��
APPRO�D: Y —
Danny Scai�fh �= �
President
ATTEST:
Denms S ngleto
Secretary
Prepared and respectfully:submitted by: r'
� ��1
�, -
Mary J. Ka�ser G%MMC
City Secretary
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