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Home My WebLink About2013/08/06-Minutes-HEDC CITY OF FORT WORTH, TEXAS HOUSING AND ECONOMIC DEVELOPMENT COMMITTEE August 6, 2013 Present: Committee Member Joel Bums, Chairman Committee Member Danny Scarth, Vice Chairman Committee Member Betsy Price Committee Member Salvador Espino Committee Member Kelly Allen Gray Committee Member W. B. "Zim" Zimmerman Committee Member Jungus Jordan Committee Member Dennis Shingleton Committee Member Gyna Bivens City Staff: Fernando Costa, Assistant City Manager Peter Vaky, Deputy City Attorney Mary J. Kayser, City Secretary Jay Chapa, Interim Director of Financial Management Services Cynthia Garcia, Acting Director, Housing & Economic Development Department Robert Stums, Manager, Acting Assistant Director Housing and Economic Development Dept. Other City Staff in Attendance: Tom Higgins, City Manager 1. Call to Order—Joel Burns, Chair With a quorum of the committee members present, Chairman Joel Bums called the meeting of the Fort Worth Housing and Economic Development Committee to order at 1 :03 p.m., on Tuesday, August 6, 2013, in the Pre-Council Chamber of the Fort Worth City Hall, 1000 Throckmorton Street, Fort Worth, Texas 76102. 2. Approval of Minutes from the Meeting Held on June 4, 2013 — Joel Burns, Chair Motion was made by Committee Member Shingleton and second by Committee Member Zimmerman to approve the minutes of the June 4, 2013, Fort Worth Housing and Economic Development Committee meeting. Motion passed 9-0. 3. Elections —Cynthia Garcia—Acting Director, Housing and Economic Development Department Ms. Garcia stated that elections were not necessary. There was no action on this item. CITY OF FORT WORTH, TEXAS HOUSING AND ECONOMIC DEVELOPMENT COMMITTEE August 6, 2013 Page 2 of 6 4. Executive Session - The Housing and Economic Development Committee will conduct a closed meeting to: A. Seek the advice of its attorneys concerning the following items that are exempt from public disclosure under Article X, Section 9 of the Texas State Bar Rules, as authorized by section 551.071 of the Texas Government Code: legal issues related to any current agenda items; and B. Discuss the purchase, sale, lease or value of real property, as authorized by Section 551.072 of the Texas Government Code. Deliberation in an open meeting would have a detrimental effect on the position of the City in negotiations with a third party; and C. Discuss or deliberate negotiations relating to any economic development negotiations, as authorized by Section 551.087 of the Texas Government Code. Chairman Joel Bums stated that an Executive Session was not needed. 5. Written Reports—Cynthia Garcia, Acting Director, Housing and Economic Development Department • Memo on State Enterprise Zone Project Nomination for NGC Renewables, LLC • Memo Regarding Amendment to Economic Development Program Grant Agreement for Renaissance Square, LLC • Memo on Analysis of Impediments Study 6. Update on the Potential Re-Use of KXAS Property—Cynthia Garcia, Acting Director, Housing and Economic Development Department and David Berzina, Executive Vice President of Economic Development, Fort Worth Chamber of Commerce Ms. Garcia reviewed the Tax Abatement and 380 agreement provided to KXAS and the layout of the property. Mr. Berzina reported the responses from the development community. The responses noted concern about the topography, the tower leases, and the isolation of the property among other items. Mr. Berzina mentioned that they were in discussions with the Botanical Research Institute of Texas (BRIT) about a possible use. The Committee wanted to be sure that any use that was proposed was presented to the neighborhood and that if it was a City department that the full cost was determined. There was no action required on this item. CITY OF FORT WORTH, TEXAS HOUSING AND ECONOMIC DEVELOPMENT COMMITTEE August 6, 2013 Page 3 of 6 Briefing on Housing Programs • City of Fort Worth Housing Programs - Cynthia Garcia, Acting Director, Housing and Economic Development Department • Fort Worth Housing Authority- Barbara Holston, President and CEO • Trinity Habitat for Humanity- Michelle Kennedy • Tarrant County Housing Partnership—Donna Van Ness, President • Tarrant County- Patricia Ward, Director of Community Development and Housing Ms. Garcia reviewed the various programs provided by the City of Fort Worth followed by updates from the Fort Worth Housing Authority, Trinity Habitat for Humanity, Tarrant County Housing Partnership and Tarrant County. 7. Presentation on Proposed Amendment to the Tax Increment Finance District (TIF) 3 Downtown Project and Financing Plan —Jim Johnson, Director of Downtown Development, TIF 3 Mr. Johnson provided the background of the Downtown TIF and reviewed the proposed changes: Projects to be added: • Affordable Housing • Residential Density and Parking Incentive • infrastructure and Parking Improvements • Retail Fa4ade Improvement matching grants • STEM Public School Reduce the participation rates of each governmental entity Remove the $5 million annual cap Increase lifetime cap from $72 million to $100 million There was no action on required on this item. CITY OF FORT WORTH, TEXAS HOUSING AND ECONOMIC DEVELOPMENT COMMITTEE August 6, 2013 Page 4 of 6 8. Presentation on Economic Benefits of Historic Preservation — Dana Burghdoff, Deputy Director, Planning and Development Department and Robert Adams, Chair, Historic and Cultural Landmarks Commission Ms. Burghdoff reviewed the history of Historic preservation in Fort Worth and provided numerous examples of the variety historic preservation projects throughout the City. She discussed the economic benefits of historic preservation: • Prompts reinvestment in surrounding properties • Increases property values (5-20%) • Creates jobs • Attracts visitors-- Heritage Tourism • Contributes to efficient development and energy conservation • Supports revitalization of central city commercial districts • Discourages sprawl There was no action on required on this item, 9. Discussion of Proposed Neighborhood Empowerment Zone in District 4 & 5—Cynthia Garcia, Acting Director, Housing and Economic Development Department Ms, Garcia reviewed the Neighborhood Empowerment Zone (NEZ) program in the City. She presented a proposed NEZ in Districts 4 & 5. The NEZ would be: • 1.9 square mile • 80 % CDBG • 9.1% Central City The proposed next steps are: • Work with the District 4 and 5 Council Members to finalize the boundaries. • Once boundaries finalized, bring back an M&C to approve the creation of the NEZ and the Reinvestment Zone. There was no action required on this item. CITY OF FORT WORTH, TEXAS HOUSING AND ECONOMIC DEVELOPMENT COMMITTEE August 6, 2013 Page 5 of 6 10. Update on Casino Beach Economic Development Program Agreement— Cynthia Garcia, Acting Director, Housing and Economic Development Department Ms. Garcia reviewed the current Casino Beach Economic Development Program agreement. She noted that Current market conditions have created a need to split the project into two phases for financing: Phase I - (Deadline Dec 2015) • Public ($4M) • Pavilion • Restroorns • Site improvements • Private ($7.9M) • 20K SF Mixed-use improvements • Marina • Restaurant • 2-6 covered boat docks • 56-168 Boat slips Phase 11 - (Deadline Dec 2017) • Public ($6M) • Event Center • Site Work • Private ($6M) • 20K SF mixed-use improvements—could include: • Restaurants • Other Draws • Additional boat docks to meet demand Ms. Garcia noted that on the Council Agenda for August 6, 2013 there is an M&C for the Park Conversion and for the Revised 380 agreement. In September there will be an item for the revised CFA agreement. There was no action required on this item. 11. Requests for Future Agenda Items—Joel Burns, Chair There were none. 12. Date of Next Regular Meeting—Joel Burns, Chair The next meeting will be held in October if needed. CITY OF FORT WORTH, TEXAS HOUSING AND ECONOMIC DEVELOPMENT COMMITTEE August 6, 2013 Page 6 of 6 13. Adjourn —Joel Burns, Chair With no further presentations or discussions, Chain-nan Burns adjourned the regular rneeting of the Housing and Economic Development Committee at 2:31 p.m., on Tuesday, August 6, 2013. These minutes approved by the Housing and Economic Development Committee on the 5th day of November, 2013. APPROVED: Joel Burns, Chairman Minutes Prepared by and Attest: Mary J. Kaysq'r-,P' t eciofary