HomeMy WebLinkAbout2025-03-11 - Fort Worth Local Development Corporation (FWLDC) - Regular - Minutes CITY OF FORT WORTH, TEXAS
FORT WORTH LOCAL DEVELOPMENT CORPORATION
TUESDAY,MARCH 11, 2025
Present:
President Gyna M. Bivens
Vice President Alan Blaylock
Trustee Carlos Flores
Trustee Charlie Lauersdorf
Trustee Macy Hill
Trustee Chris Nettles
Absent:
Trustee Mattie Parker
Trustee Michael D. Crain
Trustee Jared Williams
Trustee Elizabeth Beck
Trustee Jeanette Martinez
City Staff:
Jes McEachern, Assistant City Manager
Robert Sturns, Economic Development Director
Larry Collister, Senior Assistant City Attorney
Reginald Zeno, Treasurer
Jannette S. Goodall, 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 5:37 p.m. on Tuesday,
March 11, 2025, in the City Council Conference Room 2020 of the Fort Worth Municipal
Building, 200 Texas Street, Fort Worth, Texas.
II. Approval of Minutes for February 25, 2025
Motion was made by Trustee Blaylock and seconded by Trustee Hill to approve the February 25,
2025,meeting minutes. The motion passed on an 6-0 vote. Trustees Beck, Crain,Martinez,Parker
and Williams were absent.
III. Briefings and Discussion
a. Financial Report for the period of October 2024 through January 2025.
There was no discussion on this item; it was for informational purposes.
IV. Action Items
a. Consideration of One or More Resolutions to Update Signatories on All Bank
Accounts (Fernandez, Economic Development Assistant Director)
Ori Fernandez, Economic Development Assistant Director, provided a staff report.
CITY OF FORT WORTH,TEXAS
FORT WORTH LOCAL DEVELOPMENT CORPORATION
TUESDAY,MARCH 11,202.5
PAGE 2 of 3
Motion was made by Trustee Hill and seconded by Trustee Blaylock to approve Resolution No.
FWLDC-2025-04, Updating Signatory Authority on Bank Accounts of the Corporation
(JPMorgan Chase Bank,N.A.). The motion passed on an 6-0 vote. Trustees Beck,Crain,Martinez,
Parker and Williams were absent.
Motion was made by Trustee Hill and seconded by Trustee Blaylock to approve Resolution No.
FWLDC-2025-05, Updating Signatory Authority on Bank Accounts of the Corporation's
Subsidiary, Lancaster Corridor Redevelopment LLC (Pinnacle Bank). The motion passed on an 6-
0 vote. Trustees Beck, Crain, Martinez, Parker and Williams were absent.
Motion was made by Trustee Hill and seconded by Trustee Blaylock to approve Resolution No.
FWLDC-2025-06, Updating Signatory Authority on Bank Accounts of the Corporation(Pinnacle
Bank). The motion passed on an 6-0 vote. Trustees Beck, Crain, Martinez, Parker and Williams
were absent.
Motion was made by Trustee Hill and seconded by Trustee Blaylock to approve Resolution No.
FWLDC-2025-07, Updating Signatory Authority on Bank Accounts of the Corporation's
Subsidiary, Lancaster Corridor Redevelopment LLC (Simmons Bank). The motion passed on an
6-0 vote. Trustees Beck, Crain, Martinez, Parker and Williams were absent.
V. Executive Session
There was no Executive Session.
VI. Request for Future Agenda Items
There were no requests for future agenda items.
VII. Adjourn
With no further discussion, President Bivens adjourned the meeting of the Fort Worth Local
Development Corporation Board at 5:39 p.m. on Tuesday, March 11, 2025.
These minutes approved by the Fort Worth Local Development Corporation Board of Directors
on the 22°d day of April, 2025.
APPROVED:
r
Gyna M. Bivens
President
CITY OF FORT WORTH,TEXAS
FORT WORTH LOCAL DEVELOPMENT CORPORATION
TUESDAY,MARCH 11,2025
PAGE 3 of 3
ATTEST:
Prepared and respectfully submitted by:
Jannette S. Goodall
Corporate Secretary