HomeMy WebLinkAbout2012/10/02-Minutes-Fort Worth Local Development Corporation (FWLDC)CITY OF FORT WORTH, TEXAS
FORT WORTH LOCAL DEVELOPMENT CORPORATION
CALLED — SPECIAL SESSION
TUESDAY, OCTOBER 2, 2012
Present:
President Frank 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
City staff:
Fernando Costa, Assistant City Manager
Peter Vaky, Deputy City Attorney
Ron Gonzales, Assistant City Secretary
Cynthia Garcia, Administrator
Coy Gray, Senior Administrative Services Manager, Housing & Economic Development Dept.
Other staff:
Jay Chapa, Director, Housing and Economic Development Department
Robin Bentley, Community Development Manager, Housing & Economic Development Dept.
Henry Day, Senior Management Analyst, Housing & Economic Development Department
LeAnn Guzman, Senior Assistant City Attorney
Vicki Ganske, Senior Assistant City Attorney
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 9:16 a.m. on
Tuesday, October 2, 2012, in the Pre -Council Chamber of the Fort Worth Municipal Building,
1000 Throckmorton Street, Fort Worth, Texas
2. Approval of Minutes of the June 5, 2012, Meeting.
President Moss opened the floor for a motion on the approval of the minutes of the
Tuesday, June 5, 2012, meeting.
CITY OF PORT WORTH, TEXAS
FORT WORTH LOCAL DEVELOPMENT CORPORATION
CALLED - SPECIAL SESSION
TUESDAY, OCTOBER 2, 2012
PAGE 2
MOTION: Upon a motion made by Trustee Scarth and seconded by Trustee Zimmerman, the
Board of Directors voted unanimously 9 ayes and 0 nays, to approve the Tuesday,
June 5, 2012, minutes of the Corporation as presented. The motion carried.
NOTE; Written Reports, draft resolutions, PoiverPoint presentations and other
documents prepared by staff for this meeting are not detailed in these
minutes; the information is summarized Complete documents are on
file in the City Secretary's Office,
3a. Written Reports: Fort Worth Local Development Corporation Financial Report
through August 31, 2012.
President Moss referenced the Financial Report through August 31, 2012, and opened the
floor for discussion on the report. There was no discussion.
The written report was provided to the Board as a matter of information. There was no
formal action taken on the report.
4. Executive Session.
President Moss stated that he has 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 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 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 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 Authorize a Renewal of Lease Agreement
with L&W Supply Corporation for the Property at 4600 Blue Mound Road.
Ms. Cynthia Garcia, Administrator, addressed the Corporation regarding the proposed
resolution. Using a PowerPoint presentation entitled "Lease with L&W Supply Corporation",
Ms. Garcia provided background information on this item. She displayed aerial slide of the
CITY OF FORT WORTH, TEXAS
FORT WORTH LOCAL DEVELOPMENT CORPORATION
CALLED - SPECIAL SESSION
TUESDAY, OCTOBER 2, 2012
PAGE
project location followed by a slide depicting the proposed lease site and then advised of the
current lease terms, followed by the recommended extension terms.
President Moss opened for the floor for discussion on this issue.
Trustee Price asked for clarification regarding who paid the taxes on the property --the
FWLDC or L&W Supply Corporation, Ms. Garcia advised that there was an error on one of the
slides and clarified that L&W Supply Corporation paid the property taxes.
There being no further discussion, President Moss opened the floor for a motion.
MOTION: Upon a motion made by Trustee Shingleton and seconded by Trustee Price, the
Board voted unanimously 9 ayes and 0 nays, to approve Resolution No. FWLDC-
2012-10. The motion carried.
6. Discussion and Consideration of Resolution Approving Budget for the 2012-2013 Fiscal
Year.
Mr. Coy Gray, Administrative Services Manager, Housing and Economic Development
Department, addressed the Corporation regarding the proposed resolution. Using a PowerPoint
presentation entitled "Fort Worth Local Development Corporation FY13 Proposed Budget", Mr.
Gray provided background on this item.
President Moss opened the floor for discussion on this issue.
President Moss asked for clarification of the "Commissions" line item in the total amount
of $18,374.00 under the Expenditures section of the budget. Mr. Gray explained that it was for
the contract for realtors paid at a yearly rate.
There being no further discussion, President Moss opened the floor for a motion.
MOTION: Upon a motion made by Trustee Scarth and seconded by Trustee Shingleton, the
Board voted unanimously 9 ayes and 0 nays, to approve Resolution No. FWLDC-
2012-11. 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 called — special session of the
Fort Worth Local Development Corporation Board at 9:23 a.m. on Tuesday, October 2, 2012.
CITY OF FORT WORTH, TEXAS
FORT WORTH LOCAL DEVELOPMENT CORPORATION
CALLED - SPECIAL SESSION
TUESDAY, OCTOBER 2, 2012
PAGE 4
These minutes approved by the Fort Worth Housing Finance Corporation Board of
Directors on the 6"' day of November, 2012.
APPROVED:
rank Moss
President
ATTEST:
Dennis Shingleton
Secretary
Prepared and respectfully submitted by:
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onald P. Gonzales, TRM / C
Assistant City Secretary