HomeMy WebLinkAbout2012/11/06-Minutes-Fort Worth Local Development Corporation (FWLDC)CITY OF FORT WORTH, TEXAS
FORT WORTH LOCAL DEVELOPMENT CORPORATION
TUESDAY, NOVEMBER 6, 2012
Present:
President Frank Moss
Treasurer W. B. "Zim" Zimmerman
Trustee Betsy Price
Trustee Salvador Espino
Trustee Jungus Jordan
Trustee Dennis Shingleton
Trustee Kelly Allen Gray
Trustee Joel Burns
Absent:
Vice President Danny Scarth
City staff:
Fernando Costa, Assistant City Manager
Peter Vaky, Deputy City Attorney
Mary J. Kayser, City Secretary
Jay Chapa, Administrator
Other staff:
Cynthia Garcia, Administrator
LeAnn Guzman, Senior Assistant City Attorney
Vickie Ganske, Senior Assistant City Attorney
Doug Black, Assistant City Attorney II
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 1:20 p.m. on Tuesday,
November 6, 2012, in the Pre -Council Chamber of the Fort Worth Municipal Building, 1000
Throckmorton Street, Fort Worth, Texas
2. Approval of Minutes of the October 2, 2012, Meeting.
President Moss advised that the Item 3a, Written Reports, needed to be corrected to change the
reference of Fort Worth "Housing Finance Corporation" to Fort Worth "Local Development
Corporation". He opened the floor for a motion on the approval of the minutes of the Tuesday,
October 2, 2012, meeting as corrected.
CITY OF FORT WORTH, TEXAS
FORT WORTH LOCAL DEVELOPMENT CORPORATION
TUESDAY, NOVEMBER 6, 2012
PAGE 2
Motion was made by Trustee Burns and seconded by Trustee Price to approve the Tuesday,
October 2, 2012, minutes of the Corporation as corrected. The motion passed 8-0. Vice
President Scarth absent
3a. Written Reports: Fort Worth Local Development Corporation Financial Report through
September 30, 2012.
President Moss referenced the Financial Report through September 30, 2012, and opened the
floor for discussion on the report. There was no action or discussion on this item.
President Moss adjourned the regular meeting of the Fort Worth Local Development Corporation
in to Executive Session at 1:22 pm.
4. Executive Session — The Fort Worth Local Development Committee will conduct a closed
meeting to:
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.
President Moss adjourned the Executive Session at 1:33 p.m., on Tuesday, November 6, 2012.
President Moss reconvened the regular session of the Fort Worth Local Development
Corporation at 1:34 p.m, on Tuesday, November 6, 2012.
5. Discussion and Consideration of Resolution to Authorize Certain Actions Pertaining to
the Development of a Municipal Detention Facility at 4700 Blue Mound Road; Lease of
4700 Blue Mound Road to the City of Fort Worth; Loan Agreement with Chase Bank for
an Amount Not to Exceed $5,000,000.00 to Complete Tenant Improvements at 4700 Blue
Mound Road; Design Agreement with Bennett Benner Pettit for the Design of the Tenant
Improvements at 4700 Blue Mound Road for an Amount Not to Exceed $478,000.00;
Contract with Muckleroy and Falls for the Design and Construction of the Tenant
Improvements at 4700 Blue Mound Road in an Amount Not to Exceed $5,000,000.00 Road.
CITY OF FORT WORTH, TEXAS
FORT WORTH LOCAL DEVELOPMENT CORPORATION
TUESDAY, NOVEMBER 6, 2012
PAGE 3
Mr. Jay Chapa, Administrator, provided a presentation on the lease of property located at 4700
Blue Mound Road to the City of Fort Worth for the operation of a detention facility. This would
be a 10 year lease with the right to renew for two additional 10 year terms. The LDC would
make the improvements at an estimated cost of $5,000,000; the City would pay the utility,
maintenance and insurance costs. The LDC would enter into a Design Build Agreement with
Muckleroy Falls for the design and construction of all required improvement. Construction will
be completed by mid August 2013. Staff is recommending that the LDC approve a resolution
entering into a lease agree with the City; enter into a contract with Muckleroy and Falls
construction and enter into a loan agreement with Chase Bank.
Motion was made by Trustee Espino and seconded by Trustee Shingleton to table discussion and
consideration of Resolution to authorize certain actions pertaining to the development- of a
municipal detention facility at 4700 Blue Mound Road; lease of 4700 Blue Mound Road to the
City of Fort Worth; loan Agreement with Chase Bank for an amount not to exceed $5,000,000.00
to complete tenant improvements at 4700 Blue Mound Road; contract with Muckleroy and Falls
for the design and construction of the tenant improvements at 4700 Blue Mound Road in an
amount not to exceed $5,000,000.00 pending further input by staff. Motion passed 8-0. Vice
President Scarth absent.
6. Requests for Future Agenda Items.
President Moss opened the floor on requests for future agenda items. No requests were made by
Board members.
7. Adjourn.
With no further discussion, President Moss adjourned the meeting of the Fort Worth Local
Development Corporation Board at1:46 p.m. on Tuesday, November 6, 2012.
These minutes approved by the Fort Worth Housing Finance Corporation Board of
Directors on the day of 2012.
APPROVED:
Frank Moss
President
ATTEST:
CITY OF FORT WORTH, TEXAS
FORT WORTH LOCAL DEVELOPMENT CORPORATION
TUESDAY, NOVEMBER 6, 2012
PAGE 4
Dennis Shingleton
Secretary
Prepared and respectfully submitted by:
Mary J. Kayser, TRMC/CMC
City Secretary