HomeMy WebLinkAboutResolution Fort Worth Local Development Corporation (FWLDC) FWLDC-2017-08RESOLUTION NO. FWLDC-2017-08
FORT WORTH LOCAL DEVELOPMENT CORPORATION
RESOLUTION
OF THE BOARD OF TRUSTEES
Authorizing Outside Audits of the Corporation's and the Central City Local Government
Corporation's Financial Accounts by Weaver and Tidwell, LLP or an Affiliate and
Authorizing the Execution of Agreement with Weaver and Tidwell, LLP
WHEREAS, the members of the Board of Trustees of the Fort Worth Local Development
Corporation, a Texas non-profit corporation (the "Corporation"), duly adopted the budget for
fiscal year 2018 on August 15, 2017; and
WHEREAS, the Corporation and its assets are deemed to be component units of the City; and
WHEREAS, the Corporation and the City wish for an independent auditor to audit the
Corporation's financial accounts;
WHEREAS, members of the Board of Trustees wish to allow for the expenditures of up to
$27,800.00 to pay for the outside audit of the Fort Worth Local Development Corporation
financial accounts and allow for the expenditure of up to $15,500.00 to pay for the outside audits
of the Central City Local Government Corporation's financial accounts by Weaver and Tidwell,
LLP or an affiliate and authorize the execution of any related agreements; and
NOW, THEREFORE, BE IT RESOLVED that the Board of Trustees hereby authorize the
outside audits for the Fort Worth Local Development Corporation and Central City Local
Government Corporation by Weaver and Tidwell, LLP or an affiliate thereof;
FURTHER RESOLVED, that the Board of Trustees hereby authorizes Robert Sturns
authorized signatory of the Corporation to execute on behalf of the Corporation any agreements
or other contracts necessary to secure such outside auditing services, at a total cost not to exceed
$43,300.00;
FURTHER RESOLVED, that the Secretary or any Assistant Secretary of the Corporation is
hereby authorized and directed to certify the adoption of this Resolution.
Adopted this 15th day of August 2017.
By. a �,
Mary J. Kays6` Corp rate" Secretary