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HomeMy WebLinkAboutResolution Fort Worth Local Development Corporation (FWLDC) FWLDC-2015-01RESOLUTION NO. FWLDC-2015-01 FORT WORTH LOCAL DEVELOPMENT CORPORATION RESOLUTION OF THE BOARD OF TRUSTEES Approving the Removal of Tom Higgins as Manager of the Lancaster Corridor Redevelopment, LLC and the Appointment of Fernando Costa as Manager of the Lancaster Corridor Redevelopment, LLC WHEREAS, on August 2, 2011, the Fort Worth Local Development Corporation (the "Corporation") created the Lancaster Corridor Redevelopment, LLC, ("Company") a limited liability company to assist the Corporation and the City in realizing the goals of the Comprehensive Plan, including, but not limited to, ownership and operational responsibility of a proposed residential building to be constructed on Lancaster Avenue between Taylor and Houston Streets, which will contain quality, affordable, accessible housing units (the "Development"); and WHEREAS, on that same date, the Corporation appointed Tom Higgins, Susan Alanis and Jesus (Jay) Chapa as Managers of the Company, each of whom were to serve at the pleasure of the Corporation and may be removed by the Corporation at any time; and WHEREAS, due to the retirement of Tom Higgins, the Corporation desires to remove Tom Higgins as Manager and appoint Fernando Costa as Manager. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE FORT WORTH LOCAL DEVELOPMENT CORPORATION: RESOLVED, that Tom Higgins is hereby removed by the Corporation as a Manager; FURTHER RESOLVED, that Fernando Costa is hereby appointed as a Manager of the Company, and shall serve at the pleasure of the Corporation and may be removed by the Corporation at any time. Adopted tW 7th day of April, 2015. Secretary