HomeMy WebLinkAbout2022/09/27-Minutes-Fort Worth Local Development Corporation (FWLDC)CITY OF FORT WORTH, TEXAS
FORT WORTH LOCAL DEVELOPMENT CORPORATION
TUESDAY, SEPTEMBER 27, 2022
Present:
President Gyna Bivens
Trustee Mattie Parker
Trustee Carlos Flores
Trustee Michael D. Crain
Trustee Alan Blaylock
Trustee Leonard Firestone
Trustee Chris Nettles
Trustee Elizabeth Beck
Absent:
Trustee Jared Williams
City Staff:
William Johnson, Assistant City Manager
Robert Sturns, Economic Development Director
J. B. Strong, Senior Assistant City Attorney
Reginald Zeno, Treasurer (Absent)
Jannette S. Goodall, City Secretary
I. CALL TO ORDER
With a quorum present President Bivens called the meeting to order for the Board of Directors of
the Fort Worth Local Development Corporation at 1:14 p.m. on Tuesday,
September 27, 2022, in the City Council Conference Room 2020 of the Fort Worth Municipal
Building, 200 Texas Street, Fort Worth, Texas.
II. WRITTEN REPORTS
a. Financial Report for the period of October 2021 through July 2022
No action was taken on this agenda item; it was for informational purposes only.
III. ACTION ITEMS
a. Consideration of August 23, 2022, Meeting Minutes
Motion was made by Trustee Crain and seconded by Trustee Firestone to approve the August 23,
2022, Meeting Minutes. The motion passed on an 8-0 vote with Trustee Williams absent.
b. Consideration of a Resolution to Approve Annual Budget (Robert Sturns, Economic
Development Director)
Motion was made by Trustee Beck and seconded by Trustee Crain to approve the Resolution No.
FWLDC-2022-10 adopting the Annual Budget. The motion passed on an 8-0 vote with Trustee
Williams absent.
CITY OF FORT WORTH, TEXAS
FORT WORTH LOCAL DEVELOPMENT CORPORATION
TUESDAY, SEPTEMBER 27, 2022
PAGE 2 of 3
c. Consideration of a Resolution Authorizing the Execution of All Necessary Program
Agreements with Fort Worth Hispanic Chamber of Commerce and Affiliates, Southeast
Fort Worth Inc. and Affiliates, and Main Street America for the Three -Year Fort Worth
Main Street America Pilot Program. (Martha Collins, Economic Development
Coordinator)
Motion was made by Trustee Beck and seconded by Trustee Crain to approve Resolution No.
FWLDC-2022-11, Authorizing the Execution of All Necessary Program Agreements with Fort
Worth Hispanic Chamber of Commerce and Affiliates, Southeast Fort Worth Inc. and Affiliates,
and Main Street America for the Three -Year Fort Worth Main Street America Pilot Program. The
motion passed on an 8-0 vote with Trustee Williams absent.
Direction was given to staff to provide Council with a copy of the Letter of Support from the Black
Chamber of Commerce for the southeast Fort Worth Inc. project.
d. Consideration of a Resolution to Authorize the opening of a new account at Pinnacle Bank
for the Main Street Program (Martha Collins, Economic Development Coordinator)
Motion was made by Trustee Crain and seconded by Trustee Beck to approve this action. The
motion passed on an 8-0 vote with Trustee Williams absent. NOTE: The Resolution referenced is
combined with Resolution No. FWLDC-2022-11.
e. Consideration of a Resolution to approve William Jolmson as an authorized signatory on
all bank accounts (Robert Sturns, Economic Development Director)
Motion was made by Trustee Beck and seconded by Trustee Crain to approve Resolution No.
FWLDC-2022-13, approving William Johnson as an authorized signatory on all bank accounts.
The motion passed on an 8-0 vote with Trustee Williams absent
IV. PRESENTATIONS
a. Update on the Catalytic Project Funding — Robert Sturns, Economic Development
Director
Presentation was made by Robert Sturns, Economic Development Director.
Direction was given by Trustee Blaylock to remove the project cap.
V. EXECUTIVE SESSION
There was no Executive Session
VI. FUTURE AGENDA ITEMS
a. Request for Future Agenda Items
There were no future agenda items identified.
CITY OF FORT WORTH, TEXAS
FORT WORTH LOCAL DEVELOPMENT CORPORATION
TUESDAY, SEPTEMBER 27, 2022
PAGE 3 of 3
VII. ADJOURN
With no further discussion, President Bivens adjourned the meeting of the Fort Worth Local
Development Corporation Board at 1:34 p.m. on Tuesday, September 27, 2022.
These minutes approved by the Fort Worth Local Development Corporation Board of Directors
on the 25"' day of October, 2022.
APPROVED:
Gyna M. Bivens
President
ATTEST:
Prepared and respectfully submitted by:
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Jannette S. Goodall
Corporate Secretary