HomeMy WebLinkAbout2021/11/30-Minutes-Central City Local Government Corporation (CCLGC)CITY OF FORT WORTH, TEXAS
FORT WORTH CENTRAL CITY LOCAL GOVERNMENT CORPORATION
REGULAR SESSION MINUTES
TUESDAY, NOVEMBER 30, 2021
Present:
President Leonard Firestone
Vice President Chris Nettles
Director Mattie Parker
Director Gyna Bivens
Director Carlos Flores
Director Michael D. Crain
Director Cary Moon
Director Jared Williams
Director Elizabeth Beck
Director Roy C. Brooks (Absent)
Cily staff:
Jay Chapa, Deputy City Manager
Leann Guzman, Deputy City Attorney
Reginald Zeno, Treasurer
Jannette S. Goodall, City Secretary
I. Call to Order
With a quorum of the Board Members present, President Firestone called the meeting to order
for the Board of Directors of the Fort Worth Central City Local Government Corporation at
12:14 p.m. on Tuesday, November 30, 2021, in the City Council Conference Room, Room
2020 of the Fort Worth Municipal Building, 200 Texas Street, Fort Worth, Texas.
II. Written Reports
A. Financial Report through October 2021
The reports were for informational purposes only.
III. Action Items
A. Approval of October 19, 2021, Meeting Minutes
Motion was made by Director Moon and seconded by Director Beck to approve the minutes of
the October 19, 2021, meeting of the Central City Local Government Corporation. Motion
passed 9-0 (Director Brooks absent).
Mr. Robert Sturns advised the next two agenda items would be presented at the same time and
considered under one motion.
CITY OF FORT WORTH, TEXAS
FORT WORTH CENTRAL CITY LOCAL GOVERNMENT CORPORATION REGULAR SESSION
TUESDAY, November 30, 2021
PAGE 2 of 2
B. Authorize a Resolution to Execute a Transferable Easement Agreement for Parking
Garage in an Amount up to $6,500,000 from Hoque Global, LLC or Affiliate and to
Execute a Lease Agreement with the Right of First Refusal and Option to Purchase the
Easement with Hoque Global, LLC or Affiliate for Maintenance and Management of the
Parking Garage and Public Parking Spaces in the Evans & Rosedale Development
C. Authorize a Resolution to Execute a Development Agreement with TIF 4 for the
Funding in an Amount up to $6,500,000 for the Acquisition of a Transferable Easement
Agreement for Parking Garage in the Evans & Rosedale Development
Mr. Robert Sturns, Economic Development Director, provided a staff report.
Motion was made by Director Nettles and seconded by Director Williams to approve the
following resolutions:
FWCCLGC-2021-02, Resolution to Execute a Transferable Easement Agreement for
Parking Garage in an Amount up to $6,500,000 from Hoque Global, LLC or Affiliate
and to Execute a Lease Agreement with the Right of First Refusal and Option to
Purchase the Easement with Hoque Global, LLC or Affiliate for Maintenance and
Management of the Parking Garage and Public Parking Spaces in the Evans & Rosedale
Development
FWCCLGC-2021-03, Resolution to Execute a Development Agreement with TIF 4 for
the Funding in an Amount up to $6,500,000 for the Acquisition of a Transferable
Easement Agreement for Parking Garage in the Evans & Rosedale Development
Motion passed 9-0.
D. Authorize Resolution Expressing Intent to Issue and Sell up to $25,000,000.00 in
Revenue Bonds on or before June 30, 2024, for the Purchase of Two Parking Garages in
the Crescent Hotel Development and Addressing Related Matters.
Mr. Michael Hennig, Economic Development Department, provided a staff report.
Motion was made by Director Bivens and seconded by Director Crain, to approve Resolution
No. FWCCLGC-2021-04, Expressing Intent to Issue and Sell up to $25,000,000.00 in Revenue
Bonds on or before June 30, 2024, for the Purchase of Two Parking Garages in the Crescent
Hotel Development and Addressing Related Matters. The motion carried 9-0.
IV. Executive Session
There was no Executive Session.
V. Future Agenda Items
There were no future agenda items.
CITY OF FORT WORTH, TEXAS
FORT WORTH CENTRAL CITY LOCAL GOVERNMENT CORPORATION REGULAR SESSION
TUESDAY, November 30, 2021
PAGE 3 of 2
VI. Adjourn
With no further business before the Board, President Firestone adjourned the regular session of
the Central City Local Government Corporation at 12:26 p.m. on Tuesday, November 30, 2021.
These minutes approved by the Central City Local Government Corporation on the 25t1' day of
January, 2022.
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0 esident eonard Firestone
ATTEST:
annette S. Goodall, Secretary