HomeMy WebLinkAboutResolution Fort Worth Local Development Corporation (FWLDC) FWLDC-2017-09RESOLUTION NO. FWLDC-2017-09
FORT WORTH LOCAL DEVELOPMENT CORPORATION
RESOLUTION
OF THE BOARD OF TRUSTEES
Authorizing Signatory Agents
to Execute Documents and Make Expenditures Related to Approved Budget Items in
an Anrount up to $25,000.00.
WHEREAS, Article I, Section I of the Bylaws of the Fort Worth Local Development
Corporation (the "Corporation") authorizes the Board of Trustees (the "Board") to
exercise all of the powers of the Corporation; and
WHEREAS, in order to increase administrative efficiency, the Board has appointed
certain staff as an authorized signatory agent for contracts approved by the Board;
WHEREAS, to further increase efficiencies, the Board wishes to authorize all signatory
agents to execute documents and make expenditures authorized in the Board -approved
budget;
NOW, THEREFORE, BE IT RESOLVED that all authorized signatory agents of the
Corporation, from and after the effective date of this Resolution for so long as each is an
authorized signatory agent, are authorized and directed to execute and deliver any
necessary document, contract, agreement, amendment, and written instrument, and to
effect expenditures related thereto in an amount not to exceed Twenty -Five Thousand and
00/100, on behalf of the Corporation, provided the same is in accordance with the budget
for the Corporation as approved by the Board; and
FURTHER RESOLVED, that this Resolution shall take effect immediately upon its
adoption; and
FURTHER RESOLVED, the Board by Resolution may, at any time and for any reason,
revoke the authority granted herein; and
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 Augst, 2017.
By.
ary J. Y,-' y'' oiVoiate Secretary