HomeMy WebLinkAboutResolution Central City Local Government Corporation (CCLGC) FWCCLGC-2014-03RESOLUTION
CCLGC-2014-03
CENTRAL CITY LOCAL GOVERNMENT CORPORATION
RESOLUTION
OF THE BOARD OF TRUSTEES
Authorizing Amendment of Resolution CCLGC-2012-07 to
Authorize Parking Leases with Lancaster Corridor Redevelopment, LLC
for Parking Spaces In a Public Parking Garage
to be Owned by the Corporation in the 200 Block of Fifteenth Street
WHEREAS, the Central City Local Government Corporation (the "Corporation") was
incorporated on May 3, 2005 under the provisions of Subchapter D, Chapter 431 of the Texas
Transportation Code and Chapter 394 of the Texas Local Government Code organized for the
benefit of the City of Fort Worth (the "City"), specifically for the purpose of aiding, assisting,
and acting on behalf of the City of Fort Worth in the exercise of its powers to accomplish any
governmental purpose of the City and in the promotion of the common good and general welfare
of the City; and
WHEREAS, the Lancaster Corridor Redevelopment, LLC ("Developer") is a sole
purpose entity created for the purpose of facilitating the development of a mixed use project
located along Lancaster Avenue between Throckmorton Street and Jennings Street, and between
Jennings Street and Monroe Street in order to promote revitalization of the area and to benefit the
citizens of Fort Worth by creating affordable housing, retail, jobs and commercial opportunities
in an area in need of revitalization ("Project");
WHEREAS, the Corporation wishes to assist the City in promoting growth and
economic development within the Central City area by constructing an approximately 206,000
square foot parking garage on property located in the vicinity of Jennings Avenue and W. 13th
Street (the "Parking Garage"), which Parking Garage will serve the owners and tenants of the
Project, members of the public, and others;
WHEREAS, for the benefit of the Project, on March 5, 2012 in Resolution CCLGC-
2012-07, the Corporation authorized a lease to Developer of all of the parking spaces in the
Parking Garage, save and except 200 spaces to be leased to the Diocese of Fort Worth; and
WHEREAS, the Diocese of Fort Worth no longer plan to lease the 200 spaces referenced
in CCLGC-2012-07 and Developer now desires to lease all spaces in the Parking Garage from
Corporation.
NOW THEREFORE, BE IT RESOLVED BY THE BOARD:
RESOLUTION CCLGC-2014-03
PAGE 2
Section 1. That Resolution CCLGC-2012-07 is hereby amended to authorize the
execution of one or more parking leases ("Parking Leases") with Developer with leased premises
includes all of the parking spaces. All other provisions of Resolution CCLGC-2012-07 shall
remain in full force and effect.
Section 2. That this Resolution shall take effect immediately from and after its
passage.
Adopted this 91h day of December, 2014.
Approved (:Laiaca�
Prelent ent