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HomeMy WebLinkAboutFWLDC-2026-01 - Fort Worth Local Development Corporation (FWLDC) - ResolutionRESOLUTION NO. FWLDC 2026-01 FORT WORTH LOCAL DEVELOPMENT CORPORATION RESOLUTION OF THE BOARD OF TRUSTEES Appointing Dana Burghdoff as an Authorized Signatory Agent of the Fort Worth Local Development Corporation WHEREAS, Article I, Section I 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; and; WHEREAS, in order to increase administrative efficiency, the Board generally appoints a City of Fort Worth Assistant City Manager and certain executive staff in the City of Fort Worth's Economic Development Department as authorized signatory agents of the Corporation; WHEREAS, in accordance with Corporation Resolution 2017-09, authorized signatory agents are authorized to execute documents and make expenditures related to approved budget items in an amount up to $25,000.000; WHEREAS, the Corporation wishes to designate Dana Burghdoff as an authorized signatory agent; and NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE FORT WORTH LOCAL DEVELOPMENT CORPORATION THAT: 1. Dana Burghdoff is hereby appointed as an authorized signatory agent of the Corporation and, from and after the effective date of this Resolution, may sign and execute all bonds, deeds, conveyances, franchises, assignments, mortgages, notes, contracts, and other obligations in the name of the Corporation, and make expenditures related to approved budget items in an amount up to $25,000.00; 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 the named individual; 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. RESOLUTION NO. FWLDC-2026-01 PAGE 2 Adopted this 23 day of June, 2026. I? A-L-1-U PBy: 4Pl� resident Attest: Jannette S. Goodall Corporate Secretary