HomeMy WebLinkAbout2013/08/06-Minutes-Fort Worth Local Development Corporation (FWLDC)CITY OF FORT WORTH, TEXAS
FORT WORTH LOCAL DEVELOPMENT CORPORATION
TUESDAY, AUGUST 6, 2013
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 ICelly Allen Gray
Trustee Joel Burns
Cit. staff:
Fernando Costa, Assistant City Manager
Peter Vaky, Deputy City Attoiney
Mary J. Kayser, City Secretary
Cynthia Garcia, 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 2:43 p.m. an Tuesday, August
6, 2013, in the Pre-Council Chamber of the Fort Worth Municipal Building, 1000 Throckmorton
Street, Fort Worth, Texas.
2. Approval of Minutes of the July 23, 2013, Meeting.
President Scarth opened the floor for a motion on the approval of the minutes of the Tuesday,
July 23, 2013, meeting.
MOTION: Upon a motion made by Trustee Price and seconded by Trustee Jordon, the Board
of Directors voted unanimously 9 ayes and 0 nays to approve the
July 23, 2013, ininutes of the Corporation as presented. The inotion carried.
3a. Written Reports: Fort Worth Local Development Corporation Financial Report
through June 30, 2013.
President Scat�th referenced the Financial Report through June 30, 2013, and opened the floor for
discussion on the report. There was no action or discussion on this item,
4, Executive Session — President Scarth stated that he had been advised that an Executive
Session was not necessary to discuss the following items:
CITY Or rORT WORTH, T�XAS
rORT WORTH LOCAL D�V�LOPMENT CORPORATION
TUESDAY, AUGUST 6, 2013
PAGE 2
A. Seek the advice of its attorneys concerning the following items that are exernpt 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 5ection
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 related to any economic development negotiations,
as authorized by Section 551.087 of the Texas Government Code.
5. Discussion and Consideration of Resolution to Substitute the Fort Worth Local
Development Corporation as Sole Managing Member of the Lancaster Corridor
Redevelopment, LLC:
Ms. Cynthia Garcia, Administrator, presented an update on the progress of the Lancaster Mixed
Use Development (Lancaster Place), She presented the staff recomnnendation that a resolution
be approved that substituted the Foi�t Worth Development Corporation as Sole Managing
Member of the Lancaster Corridor Redevelopment, LLC and that the Corporation move forward
with submitting firm application for 221 (d)(4) loan, if HUD approves pre-application.
MOTION: Upon a motion made by Trustee Espino and seconded by Tt-ustee Shingleton, the
Board voted unanimously 9 ayes and 0 nays, to approve Resolution No, FWLDC-
2013-05. The motion carried.
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 further discussion, President Scarth adjourned the meeting of the Fort Worth Local
Development Coi�poration Board at 2;46 p.m. on Tuesday, August 6, 2013.
These minutes approved by the ]
Directors on the 5��' day of November, 201:
i Board of
CITY OF rORT WORTH, T�XAS
rORT WORTH LOCAL DEV�LOPMENT CORPORATION
TU�SDAY, AUGUST 6, 2013
PAG�3
AT'TE T:
ennis S 'ngleton
Secretary
Prepared and }�s�ect�lly submitted by:
P(ilary J. I�ays,e�f; T�tMd�/CMC
City Secreta�