HomeMy WebLinkAbout2013/07/23-Minutes-Fort Worth Local Development Corporation (FWLDC) (3)CITY OF FORT WORTIi, T�XAS
I'ORT WORTH LOCAL DEVELOPMENT CORPORATION
TUESDAY, JULY 23, 2013
Present:
Vice President Danny Scarth (Arrived at 8;28 a,rn.)
Treasurer W. B. "Zim" Zimmerman
Trustee Betsy Price
Trustee Salvador Espino
Trustee Gyna Bivens
Trustee Jungus Jordan
Trustee Dennis Shingleton
Trustee Kelly Allen Gray (Ai7ived at 8:28 a,m.)
Trustee Joel Burns
Cit. s�:
Fernando Costa, Assistant City Manager
Peter Valcy, Deputy City Attorney
Mary J. Kayser, City Secretary
Cynthia Garcia, Administrator
1. Call to Order.
With a quorum present and in the absence of Vice President Scarth, Trustee Price called the
meeting to order for the Board of Directors of the Foi-t Worth Local Development Coiporation
(Corporation) at 8:26 a.m. on Tuesday, July 23, 2013, in the Pre-Council Chamber of the Fort
Worth Municipal Building, 1000 Tlu•ocicmorton Street, Fort Worth, Texas, with Vice Present
Scarth and Trustee Allen Gray temporarily absent.
MOTION; Upon a motion made by Trustee Price and seconded by Tiustee Espino, the Board
of Directors voted unanimously 7 ayes and 0 nays, with Vice President Scai�th and
Trust Allen Gray temporarily absent, to a11ow Treasurer Zimmerman to preside at
the meeting in the absence of Vice Fresident Scarth, The motion carried.
2. Approval of Minutes of the June 4, 2013, Meeting.
Treasurer Zimmerman opened the floor for a motion on the approval of the minutes of the
Tuesday, June 4, 2013, meeting.
MOTION: Upon a motion made by Trustee Shingleton and seconded by Trustee Espino, the
Board of Directors voted unanimously 7 ayes and 0 nays, with Vice President
Scarth and Tiust Allen Gray temporarily absent, to approve the
June 4, 2013, minutes of the Corporation as presented. The motion cai7ied.
CITY OF FORT WORTH, T�XAS
FORT WORTH LOCAL D�V�LOPM�IVT CORPORATION
TU�SDAY, JULY 23, 2013
PAGE2
3a. Written Reports: Fort Worth Local Development Corporation Financial Report
through June 30, 2013.
Treasurer Zimmerman referenced the Financial Report through June 30, 2013, and opened the
floor for discussion on the repoz�t, There was no action or discussion on this item.
(Vice President Scarth and Trustee Allen Gray assumed their places at the table,)
4, Election of Ofiicers:
Ms, Cynthia Garcia, Administrator, advised that the election of officers to the Fort Worth Local
Development Corporation Board was required at this time.
MOTION: Upon a motion made by Trustee Jordan and seconded by Trustee Espino, the
Board voted unanimously 9 ayes and 0 nays, to elect Danny Scai�th as President;
Gyna Bivens as Vice President; Dennis Shingleton as Secretary; the Ciiy
Secretary and Assistant City Secretary as Assistant Secretary to the Board; W.B,
"Zim" Zimmerman as Treasurer; and the City Treasurer as Assistant Treasurer to
the Fort Worth Local Development Corporation Board. The motion cai7ied.
5. Executive Session — President Scai�th 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 fi•om
puUlic disclosure under Article X, Section 9, of the Texas State Bar Rules, as
authorized by Section 551.071 of the Texas Govern.ment 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 Governtnent 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 related 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
by Board members.
7. Adjourn.
With no fui�ther discussion, President Scai�th adjourned the meeting of the Foi�t Worth Local
Development Coiporation Board at 8:29 a.m. on Tuesday, July 23, 2013.
CITY OF FORT WORTH, T�XAS
I'ORT WORTH LOCAL D�V�LOPM�NT CORPORATION
TU�SDAY, JULY 23, 2013
PAG� 3
These minutes approved by the Fort Woi�th Housing Finance Corporation Board of
Directors on the 6`�' day of August, 2013, n � _
President
ATTE T:
�
Demiis S 'ngleto
Secretary
Prepared and respectful�submitted by:
Mai"y J.
City Se