HomeMy WebLinkAbout2013/06/04-Minutes-Fort Worth Local Development Corporation (FWLDC)CITY OF FORT WORTH, TEXAS
FORT WORTH LOCAL DEVELOPMENT CORPORATION
TUESDAY, JUNE 4, 2013
Present:
President Franlc Moss
Vice President Danny Scarth
Treasurer W. B. "Zim" Zimmerman
Trustee Betsy Price
Trustee Salvador Espino
Trustee Jungus Jordan
Trustee Dennis Shingleton
Trustee Kelly Allen Gray
Trustee Joel Burns
Cit.�:
Fernando Costa, Assistant City Manager
Vicici Ganslce, Senior Assistant City Attorney
Mary J, Kayser, City Secretary
Jay Chapa, Administrator
Cynthia Garcia, Administrator
1. Call to Order.
With a quorum present, President Moss called the meeting to order for the Board of Directors of
the Fort Worth Local Development Corporation (Corporation) at 2;13 p.m, on Tuesday,
June 4, 2013, in the Pre-Council Chamber of the Fort Worth Municipal Building, 1000
Throcicmorton Street, Fort Worth, Texas.
2. Approval of Minutes of the May 7, 2013, Meeting.
President Moss opened the floor for a motion on the approval of the minutes of the Tuesday,
May 7, 2013, meeting,
MOTION: Upon a motion made by Trustee Shingleton and seconded by Trustee Espino, the
Board of Directors voted unanimously 9 ayes and 0 nays, to approve the Tuesday,
May 7, 2013, minutes of the Corporation as presented. The motion carried.
3a. Written Reports: ForE Worth Local Development Corporation Financial Report
through Apri130, 2013.
President Moss referenced the Financial Repoi�t through April 30, 2013, and opened the floor for
discussion on the report. There was no action or discussion on this item.
CITY OF FORT WORTH, T�XAS
FORT WORTH LOCAL DCVCLOPM�NT CORPORATION
TUESDAY, JUN� 4, 2013
PAGE 2
4. Executive Session — President Moss stated that he had been advised that an Executive
Session was not necessary to discuss the following items:
A. Seelc 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 Ru1es, 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 Coiporation in negotiations with a
third party; and
C. Discuss or deliberate negotiations related to any economic development negotiations,
as authorized by Section 551.087 of the Texas Government Code.
This agenda item was passed over.
5. Discussion and Consideration of Resolution to Proceed with the Lancaster Mixecl-Use
Development.
Jay Chapa, Administrator, provided a PowerPoint presentation entitled "Update on the Lancaster
Mixed-Use Development (Lancaster Place). Mr. Chapa began his presentation by displaying an
aerial photo of the project site that reflected the location of the Zipper Building, the proposed
parlcing garage and residential/retail locations. He proceeded by advising the Board of the
background of the project and the updates that had talcen place since the last time the Board was
advised on the development. He displayed two conceptual site plan drawings, the first drawing
reflected the site's location and the second drawing identiiied residential and retail numbered
units. He continued his presentation by displaying a slide that reflected three (3) floor plans for
the residential units and then provided project information pertaining to Background and
Financing, HUD 22d(4) Process Updates and Annual Return on Investment (refined version).
He concluded his presentation by providing the staffls recommendation and advising the Board
on the next steps on the project through January 2014.
There was no discussion on this item.
MOTION: Upon a motion made by Trustee Shingleton and seconded by Trustee Burns, the
Board voted unanimously 9 ayes and 0 nays, to approve Resolution No, FWLDC-
2013-03. The motion carried.
6. Discussion and Consideration of Resolution Appointing Fernando Costa as Authorized
Signatory Agent of the Fort Worth Local Development Corporation.
Mr. Chapa advised that approval of this resolution would provide for an additional person to act
as an agent to sign various documents for the Corporation.
CITY OF FORT WORTH, T�XAS
FORT WORTH LOCAL DEVELOPM�NT CORPORATIOIY
TUESDAY, JUNC 4, 2013
PAG� 3
There was no discussion on this item.
MOTION: Upon a motion made by Trustee Shingleton and seconded by Trustee Burns, the
Board voted unanimously 9 ayes and 0 nays, to approve Resolution No. FWLDC-
2013-04. The motion carried.
7. Requests for Future Agenda Items.
President Moss opened the floor on requests for future agenda items. No requests were made by
Board members.
8. Adjourn.
With no further discussion, President Moss adjourned the meeting of the Fort Worth Local
Development Corporation Board at 2:23 p.m, on Tuesday, June 4, 2013.
These minutes approved by the Fort Worth Housing Finance Corporation Board of
Directors on the 23`d day of July, 2013.
ATTE :
Dennis S nglet
Secretary
Prepared and respectful�bmitted by:
Mary J. K s i• C/ C
City Secretar