HomeMy WebLinkAboutResolution Fort Worth Local Development Corporation (FWLDC) FWLDC-2016-01RESOLUTION NO. FWLDC-2016-01
FORT WORTH LOCAL DEVELOPMENT CORPORATION
RESOLUTION
OF THE BOARD OF TRUSTEES
Amendment of Fiscal Year 2016 Budget Authorizing the Expenditure of up to $80,000.00 to
Pay for Outside Audits of the Corporation's, Central City Local Government Corporation's,
and Lancaster Corridor Redevelopment, LLC's Financial Accounts by Deloitte LLP or an
Affiliate, Ratifying Execution of Agreement with Deloitte LLP by David Cooke, and
Authorizing Execution of any Related Agreements
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 2016 on November 17, 2015; 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
Corporations' financial accounts;
WHEREAS, members of the Board of Trustees find it necessary to increase funding for
contractual services to allow for the expenditure of up to $80,000.00 to pay for outside audits of
the Fort Worth Local Development Corporation's, Central City Local
Government Corporation's, and the Lancaster Corridor Redevelopment, LLC's financial
accounts by Deloitte LLP or an affiliate and authorize the execution of any related agreements;
and
WHEREAS, to meet certain deadlines, the engagement agreement with Deloitte LLP
was executed in December 2015 by David Cooke, City Manager of the City of Fort Worth
and the Corporation wishes to ratify this agreement;
NOW, THEREFORE, BE IT RESOLVED that the Board of Trustees hereby authorize the
expenditure of up to $80,000.00 to pay for the outside audits for the Fort Worth Local
Development Corporation, Central City Local Government Corporation, and Lancaster
Corridor Redevelopment, LLC by Deloitte LLP or an affiliate thereof,
FURTHER RESOLVED, that the Board of Trustees hereby ratifies the execution of the
engagement agreement with Deloitte LLP for the audit of the Corporation by David Cooke;
FURTHER RESOLVED, that the Board of Trustees hereby authorizes the President of
the Corporation to execute on behalf of the Corporation any agreements or other contracts
necessary to secure such outside auditing services;
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 th}f2nd day of February 2016.
Secretary