HomeMy WebLinkAbout2014/11/11-Minutes-Fort Worth Local Development Corporation (FWLDC)CITY OF FORT WORTH, TEXAS
FORT WORTH LOCAL DEVELOPMENT CORPORATION
TUESDAY, NOVEMBER 11, 2014
Present:
President Danny Scarth
Treasurer W, B, "Zim" Zimmerman
Trustee Salvador �spino
Trustee Jungus .Tordan
Trustee Deruiis Shingleton
Trustee Kelly Allen Gray
Trustee Ann Zadeh
Absent:
Trustee Betsy Price
Vice President Gyna Bivens
Ci staff:
Fernando Costa, Assistant City Manager
Leann Guzman, Senior Assistant City Attorney
Ronald P. Gonzales, Assistant City Secretary
Jay Chapa, Adminishator
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 Foi�t Woi�th Local Development Corporation (Corporation) at 2:03 p.m, on Tuesday,
November 11, 2014, in the Pre-Council Chamber of the Foi�t Worth Municipal Building, 1000
Tlu�ocicmorton Street, Foi�t Worth, Texas, with Trustees Betsy Price and Gyna Bivens absent.
2. Approval of Minutes from the Meeting Held on August 5, 2014.
President Scarth opened the floor for a motion on the approval of the minutes of the
August 5, 2014, meeting,
Motion was made by Trustee Shingleton and seconded by Trustee Espino to approve the
August 5, 2014, minutes of the Coiporation as presented, The motion passed 7-0.
3. Written Repoi•ts: Fort Worth Local Development Corporation I�'inancial Report
through September 30, 2014.
There was no action or discussion on this item,
4. Consider and Adopt Resolution Approving the Budget for the 2014-2015 Fiscal Year.
CITY OI' rORT WORTH, T�XAS
I'ORT WORTH LOCAL D�V�LOPMCNT CORPORATION
TU�SDAY, NOV�MB�R I1, 2014
PAGE 2
Ms, Cynthia Garcia, Administrator, provided a PowerPoint presentation titled, "Fort Worth
Local Development Corporation FY 14-15 Proposed Budget",
There was no discussion on this item.
Motion was made by Trustee Shingleton and seconded by Trustee Ziinmerman, to adopt
Resolution No. FWLDC-2014-06 Approving the Budget for the 2014-2015 Fiscal Year, The
motion passed 7-0,
5. Consider and Adopt Resolution Appointing Cynthia Garcia as Authorized Signatory
Agent of the Foi•t Woi•th Local Development Corporation
Mr. Jay Chapa, Administrator, advised that with the retirement of former City Manager Tom
Higgins, the Corporation needed to appoint another signatory agent and recommended the Board
appoint Assistant Administrator Cynthia Garcia,
There was no discussion on this item.
Motion was made by Trustee Shingleton and seconded by Trustee Zimmerman, to adopt
Resolution No, FWLDC-2014-07 Appointing Cynthia Garcia as Authorized Signatory Agent of
the Foi�t Worth Local Development Coiporation. The motion passed 7-0,
6. Executive Session — President Scai�ih 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 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 propei�ty, 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.
7. Requests for Fuiure Agenda Items.
President Scarth opened the floor on requests for future agenda items, No requests were made.
8. Adjourn.
With no further discussion, President Scai�th adjourned the meeting of the Fort Worth Local
Development Corporation Board at 2:07 p,m. on Tuesday, November 11, 2014,
CITY OF FORT WORTH, T�XAS
rORT WORTH LOCAL DCV�LOPMCNT CORPORATION
TU�SDAY, NOV�MB�R 11, 2014
PAG� 3
These minutes approved by the Fort Worth Housing Finance Corporation Board of
Directors on the 7t�' day of April, 2015. ,� _ � �
President
ATTE :
�
Dennis Shinglet
Secretary
•ed and respectfully submitted by:
� �
i �G�C.
onald P. Gonzales, T / MC
Assistant City Secretary