HomeMy WebLinkAbout2023/09/26-Minutes-Fort Worth Local Development Corporation (FWLDC)CITY OF FORT WORTH, TEXAS
FORT WORTH LOCAL DEVELOPMENT CORPORATION
TUESDAY, SEPTEMBER 26, 2023
Present:
Vice President Alan Blaylock
Trustee Mattie Parker (Arrived at 12:05 p.m.)
Trustee Carlos Flores
Trustee Michael D. Crain
Trustee Charlie Lauersdorf
Trustee Macy Hill
Trustee Elizabeth Beck
Trustee Jeanette Martinez
Absent:
President Gyna M. Bivens
Trustee Jared Williams
Trustee Chris Nettles
City Staff:
William Johnson, Assistant City Manager
Robert Sturns, Economic Development Director
J. B. Strong, Senior Assistant City Attorney
Reginald Zeno, Treasurer
Jannette S. Goodall, City Secretary
1. Call to Order
With a quorum present Vice President Blaylock called the meeting to order for the Board of
Directors of the Fort Worth Local Development Corporation at 12:03 p.m. on Tuesday,
September 26, 2023, in the City Council Conference Room 2020 of the Fort Worth Municipal
Building, 200 Texas Street, Fort Worth, Texas.
2. Approval of Minutes
a. April 25, 2023, Board Meeting; and
Motion was made by Trustee Lauersdorf and seconded by Trustee Flores to approve the April 25,
2023 meeting minutes. The motion passed on a 7-0 vote. Trustee Parker was off the dais. President
Bivens and Trustees Nettles and Williams were absent.
b. June 27, 2023, Board Meeting
Motion was made by Trustee Crain and seconded by Trustee Beck to approve the June 27, 2023,
meeting minutes. The motion passed on a 7-0 vote. Trustee Parker was off the dais. President
Bivens and Trustees Nettles and Williams were absent.
3. Staff Reports
a. Financial Report for the period of October 2022 through July 2023.
CITY OF FORT WORTH, TEXAS
FORT WORTH LOCAL DEVELOPMENT CORPORATION
TUESDAY, SEPTEMBER 26, 2023
PAGE 2 of 3
There were no questions on the Financial Report. It was for informational purposes only.
Action Items
b. Consideration of a Resolution to amend the agreement with Schaefer Advertising Co.,
Ltd. to increase the agreement amount from $1,243,070 to $1,370,570, adding scope
of work to include an expanded media budget and enhancements to high -performing
fundamentals (Andrea Duffle, Communications Coordinator)
Motion was made by Trustee Beck and seconded by Trustee Crain to approve Resolution No.
FWLDC-2023-05, to amend the agreement with Schaefer Advertising Co., Ltd. to increase the
agreement amount from $1,243,070 to $1,370,570, adding scope of work to include an expanded
media budget and enhancements to high -performing fundamentals. The motion passed on an 8-0
vote. President Bivens and Trustees Nettles and Williams were absent.
c. Consideration of a Resolution to approve the Fiscal Year 2023-24 annual budget (Ori
Fernandez, Economic Development Assistant Director)
Motion was made by Trustee Beck and seconded by Trustee Martinez to approve Resolution No.
FWLDC-2023-06, approving the Fiscal Year 2023-24 annual budget. The motion passed on an 8-
0 vote. President Bivens and Trustees Nettles and Williams were absent.
4. Executive Session
There was no Executive Session convened.
5. Request for Future Agenda Items
There were no future agenda items identified.
6. Adjourn
With no further discussion, Vice President Blaylock adjourned the meeting of the Fort Worth Local
Development Corporation Board at 12:39 p.m. on Tuesday, September 26, 2023.
These minutes approved by the Fort Worth Local Development Corporation Board of Directors
on the 28"' day of November, 2023.
APPROVED:
Gyna M. Bivens
President
CITY OF FORT WORTH, TEXAS
FORT WORTH LOCAL DEVELOPMENT CORPORATION
TUESDAY, SEPTEMBER 26, 2023
PAGE 3 of 3
ATTEST:
Prepared and respectfully submitted by:
Jannette S. Goodall
Corporate Secretary