HomeMy WebLinkAboutContract 54823-A1CSC N o. 54823-A1
FIRST AMENDMENT TO CITY SECRETARY CONTRACT NO. 54823, A MANAGEMENT
AND IMPROVEMENT SERVICES AGREEMENT
Fort Worth Public Improvement District No. 1(Downtown)
This FIRST AMENDMENT TO CITY SECRETARY CONTRACT NUMBER 54823 ("First
Amendment") is made and entered into by and between the CITY OF FORT WORTH ("City"), a home-
rule municipal corporation organized under the laws of the State of Texas, acting by and through its duly
authorized Assistant City Manager, and DOWNTOWN FORT WORTH, INC., a Texas nonprofit
corporation ("Contractor") acting by and through Andy Taft, its duly authorized President.
WHEREAS, the City and Contractor are parties to a Management and Improvement Services
Agreement for Fort Worth Public Improvement District No. 1, the same being City Secretary Contract
Number 54823 ("Agreement");
WHEREAS, Contractor identified a mid-year adjustment to reflect changes to the current budget
and five-year service plan;
WHEREAS, on April 6, 2021, the City Council adopted a resolution approving a revised Fiscal
Year 2020-2021 budget and iive-year service plan;
WHEREAS, the parties wish to amend the Agreement to incorporate the revised budget and five-
year service plan; and
NOW, THEREFORE, for and in consideration of the mutual covenants, promises, and agreements
contained herein, the City and Contractor do hereby covenant and agree to amend the Agreement as follows:
1. Exhibit A to the Agreement concerning the Budget and Service Plan for the District is
hereby replaced with, and superseded by, a new Exhibit A that is attached to this First Amendment, which
is incorporated into the Agreement for all purposes.
2. All terms of this First Amendment that are capitalized but not defined shall have the
meanings assigned to them in the Agreement.
3. All terms and conditions of the Agreement that are not expressly amended pursuant to this
First Amendment will remain in full force and effect.
IN WITNESS WHEREOF, the undersigned have caused this First Amendment to be executed in
Fort Worth, Tarrant County, Texas.
CITY OF FORT WORTH:
T.�S, C,�-
By.Jesus J. Chapa (Jun 8, 02113:39 CDT)
Jay Chapa
Deputy City Manager
Date: � U n O� 2021
First Amendment to CSC 54823
DOWNTOWN FORT WORTH, INC.,
a Texas nonprofit corporation:
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By.Andrew Taft (Jun 8, 2021 11:33 CDT)
Andy Taft
President
Date: `� U n O� 2�21
OFFICIAL RECORD
CITY SECRETARY
FT. VIIORTH, TX
ATTEST:
By: ��/�� U �e��
Mary J. Kayser
City Secretary
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APPROVED AS TO FORM AND LEGALITY:
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By: 0
Tyler F. Wallach
Senior Assistant City Attorney
Contract Compliant Manager:
By signing, I acknowledg that I am the
person responsible for the monitoring
and administration of this contract,
including ensuring all performance
and reporting requirements.
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Crystal Hinojosa
Sr. Contract Compliance Specialist
M s: 20-0570 (August 25, 2020); 21-0223 (Apri16, 2021)
Form 1295: 2020-653461
First Amendment to CSC 54823
OFFICIAL REC�RD
CITY SECRETARY
FT. VIIORTH, TX
Exhibit "A"
City of Fort Worth
Five Year Service Plan (Midyear)
Pu61ic Improvement District No. 7- Fort Worth
REVENUES
PID Assessments'
COFW Assessment
COFW Payment in lieu of Services
PID Generated Revenue
Total Budgeted Revenues
Use of Fund Balance
Total Revenues
EXPENSES
Management Fee
Utilities
LandscapinglMaintenance
Trash Removal
Holiday LightlDeco
Security
Ambassador Program
Com m u nicati ons/N ewsletters
Marketing & Research
Trensportation & Planning
City Audit
City Administretive Fee
Total Budgeted Expenses
Contribution to Fund Balance
FY20/21 FY21l22 FY22l23 FY23/24 FY24/25
$ 2,616,166 $ 2,485,358 $ 2,616,166
207,855 212,012 216,252
152,948 156,007 159,127
132,785 155,000 155,000
$ 3,109,754 $ 3,008,377 $ 3,146,545
114,153 - -
$ 3,223,907 $ 3,008,377 $ 3,946,545
$ 2,746,974
22Q577
162,310
155,000
$ 3,284,867
$ 3,284,867
$ 2,801,913
224,989
165,556
155,000
$ 3,347,458
$ 3,347,458
$ 476,950 $ 480,000 $ 489,600
15,500 15,500 16,124
145,000 95,000 125,000
1,242,380 1,070,269 1,112,360
3Q000 30,000 3Q000
11,200 11,200 11,745
68Q000 685,000 698,700
9,000 9,000 9,000
389,600 380,000 387,600
157, 000 16 Q 000 167, 000
2,500 2,500 2,500
64,777 6Q168 62,931
$ 3,223,907 $ 2,998,637 $ 3,112,560
$ - $ 9,740 $ 33,985
$ 495,000
16,447
95,000
1,134,607
3Q000
11,981
71 Q000
9,000
395,352
17Q000
2,500
65,697
$ 3,135,584
$ 149,277
$ 504,900
16,776
125,000
1,231,404
45,000
12,220
724,200
9,000
403,253
180,766
2,500
66,949
$ 3,327,968
$ 25,490
Net Change in Fund Balance $(174,153) $ 9,740 $ 33,985 $ 149,277 $ 25,490
Fund Balance, Beginning of Year (Estimated Yrs 2-5) 318,146 353,035 362,775 396,760 546,037
Estimated Fund Balance, End ofYear 353,035 362,775 396,760 546,037 571,527
Reserve Requirement 52Q961 518,564 522,702 553,772 553,772
Over�Under) Reserve $ (167,926) $ (156,089) $ (125,942) $ (7,735) $ 17,755
*FY2021 Assessment Rate = $.105
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