HomeMy WebLinkAboutResolution Fort Worth Local Development Corporation (FWLDC) FWLDC-2025-09RESOLUTION NO. FWLDC-2025-09
FORT WORTH LOCAL DEVELOPMENT CORPORATION
RESOLUTION
OF THE BOARD OF TRUSTEES
Appointing Ori Fernandez as Assistant Treasurer
of the Fort Worth Local Development Corporation
WHEREAS, the Fort Worth Local Development Corporation (the "LDC"), a Texas non-
profit corporation, was created in 1987 to assist the City of Fort Worth ("City") with, among other
things, the creation of jobs and other economic development activities in the City;
WHEREAS, Article 1, Section 1 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;
WHEREAS, Article 2, Section 1 of the Bylaws provides that the "officers of the
Corporation shall be a President, one or more Vice Presidents, a Secretary and a Treasurer, and
such other officers as the Board of Trustees may from time to time elect or appoint";
WHEREAS, the Board has previously appointed Reginald Zeno, director of the Financial
Management Services Department and Chief Financial Officer of the City, to serve as Treasurer
of the Corporation in accordance with the Bylaws;
WHEREAS, with the Economic Development Department charged, as borrowed servants,
with managing day-to-day operations of the Corporation, it is recommended in order to increase
administrative efficiency that a member of the department's executive staff be appointed to serve
as Assistant Treasury of the Corporation and assist in the performance of the duties of Treasurer
as delegated by the same;
WHEREAS, the Corporation wishes to appoint Ori Fernandez as an Assistant Treasurer.
NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF TRUSTEES OF
THE FORT WORTH LOCAL DEVELOPMENT CORPORATION THAT:
In accordance with Article 2, Section 1 of the Bylaws, Ori Fernandez is hereby appointed
as Assistant Treasurer of the Corporation and, from and after the effective date of this
Resolution, may perform tasks and exercise duties of the Treasurer of the Corporation
under the Bylaws and other Board authorization to the extent the Treasurer may delegate
them to her;
2. This Resolution shall take effect immediately upon its adoption;
3. The authority granted herein shall expire automatically upon any separation of employment
with the City of Fort Worth, including retirement, by Ori Fernandez;
RESOLUTION NO. FWLDC-2025-09
PAGE 2
4. The Board by Resolution may, at any time and for any reason, revoke the authority granted
herein; and
5. The Secretary or any Assistant Secretary of the Corporation is hereby authorized and
directed to certify the adoption of this Resolution.
Adopted this April 22, 2025.
By:
Gyna M. Bivens
President
Attest:
Jannette S. Goodall
Corporate Secretary