HomeMy WebLinkAbout2025/04/22-Minutes-Fort Worth Local Development Corporation (FWLDC)CITY OF FORT WORTH, TEXAS
FORT WORTH LOCAL DEVELOPMENT CORPORATION
TUESDAY, APRIL 22, 2025
Present:
President Gyna M. Bivens
Vice President Alan Blaylock (Remote)
Trustee Mattie Parker
Trustee Carlos Flores
Trustee Michael D. Crain
Trustee Jared Williams (Remote)
Trustee Chris Nettles
Trustee Elizabeth Beck
Trustee Jeanette Martinez
Absent:
Trustee Charlie Lauersdorf
Trustee Macy Hill
City Staff:
Jes McEachern, Assistant City Manager
Ori Fernandez, Assistant Economic Development Director
Larry Collister, Senior Assistant City Attorney
Reginald Zeno, Treasurer
Ronald P. Gonzales, Assistant City Secretary
I. Call to Order
With a quorum present President Bivens called the meeting to order for the Board of Directors of
the Fort Worth Local Development Corporation at 11:43 p.m. on Tuesday,
April 22, 2025, in the City Council Work Session Room of the Fort Worth City Hall, 100 Fort
Worth Trail, Fort Worth, Texas.
II. Approval of Minutes for March 11, 2025
Motion was made by Trustee Beck and seconded by Trustee Nettles to approve the March 11,
2025, meeting minutes. The motion passed on an 9-0 vote. Trustees Lauersdorf and Hill absent.
III. Briefings and Discussion
a. Financial Report for the period of October 2024 through March 2025.
Ori Fernandez, Assistant Economic Development Director, provided a summary of the financial
report.
IV. Action Items
a. Resolution Authorizing the Sale of Five (5) Corporation Lots to the City of Fort Worth
for a Total of $537,076.00 to Facilitate the Evans and Rosedale Affordable Housing
Mixed -Use Redevelopment Project with Royal Capital, LLC or an Affiliate (Martha
Collins, Economic Development Manager)
CITY OF FORT WORTH, TEXAS
FORT WORTH LOCAL DEVELOPMENT CORPORATION
TUESDAY, APRIL 22, 2025
PAGE 2 of 3
Motion was made by Trustee Nettles and seconded by Trustee Beck to approve Resolution No.
FWLDC-2025-08, Authorizing the Sale of Five (5) Corporation Lots to the City of Fort Worth for
a Total of $537,076.00 to Facilitate the Evans and Rosedale Affordable Housing Mixed -Use
Redevelopment Project with Royal Capital, LLC or an Affiliate. The motion passed on an 9-0 vote.
Trustees Lauersdorf and Hill absent.
b. Resolution Appointing Ori Fernandez as Assistant Treasurer (Ori Fernandez,
Assistant Economic Development Director)
Motion was made by Trustee Crain and seconded by Trustee Beck to approve Resolution No.
FWLDC-2025-09, Appointing Ori Fernandez as Assistant Treasurer. The motion passed on an 9-
0 vote. Trustees Lauersdorf and Hill absent.
Resolution Adopting an Investment Policy for the Corporation (Ori Fernandez,
Assistant Economic Development Director)
Motion was made by Trustee Beck and seconded by Trustee Crain to approve Resolution No.
FWLDC-2025-10, Adopting an Investment Policy for the Corporation. The motion passed on an
9-0 vote. Trustees Lauersdorf and Hill absent.
d. Resolution Appointing Jesica McEachern and Ori Fernandez as Authorized
Signatory Agents of the Corporation (Ori Fernandez, Assistant Economic
Development Director)
Motion was made by Trustee Beck and seconded by Trustee Crain to approve Resolution No.
FWLDC-2025-11, Appointing Jesica McEachern and Ori Fernandez as Authorized Signatory
Agents of the Corporation. The motion passed on an 9-0 vote. Trustees Lauersdorf and Hill absent.
e. Resolution Authorizing an Agreement with Weaver and Tidwell in an Amount up to
$3,500.00 for the Preparation of Tax Returns (Ori Fernandez, Assistant Economic
Development Director)
Motion was made by Trustee Crain and seconded by Trustee Martinez to approve Resolution No.
FWLDC-2025-12, Authorizing an Agreement with Weaver and Tidwell in an Amount up to
$3,500.00 for the Preparation of Tax Returns. The motion passed on an 9-0 vote. Trustees
Lauersdorf and Hill absent.
V. Executive Session
There was no Executive Session.
VI. Request for Future Agenda Items
Director Parker requested an update on the Corporation's process for buying and selling properties
for affordable housing land banking purposes, including the criteria used to select properties to
acquire (e.g., inner city housing, aging housing stock etc.) and how the public is being informed
about the lots available for sale.
CITY OF TORT WORTH, TEXAS
TORT WORTH LOCAL DEVELOPMENT CORPORATION
TUESDAY, APRIL 22, 2025
PAGE 3 of 3
President Bivens requested information on using tax foreclosed properties for land banking and
the impact of the 2017 Legislature regarding construction in urban areas.
VII. Adjourn
With no further discussion, President Bivens adjourned the meeting of the Fort Worth Local
Development Corporation Board at 11:48 a.m. on Tuesday, April 22, 2025.
These minutes approved by the Fort Worth Local Development Corporation Board of Directors
on the 26th day of August, 2025.
APPROVED:
f
Alan Blaylock
President
ATTEST:
Prepared and respectfully submitted by:
Jannette S. Goodall
Corporate Secretary