HomeMy WebLinkAbout(0026) M&C 21-0574City of Fort Worth, Texas
Mayor and Council Communication
DATE: 08/17/21 M&C FILE NUMBER: M&C 21-0574
LOG NAME: 17UNTHSC BAC FY22
SUBJECT
(CD 8) Authorize Execution of Agreement with the University of North Texas Health Science Center at Fort Worth to Accept a Grant in the
Amount Up to $450,000.00 from the State of Texas for Operations of the Fort Worth Business Assistance Center as Well as Renovations and
Upkeep of Buildings on the Guinn Elementary School Campus, Authorize Use of Interest in the Amount Up to $5,000.00 and Adopt Attached
Appropriation Ordinance
RECOMMENDATION:
It is recommended that the City Council:
1. Authorize the execution of an agreement with the University of North Texas Health Science Center at Fort Worth to accept and receive grant
funds from the State of Texas in an amount up to $450,000.00 during the State's Fiscal Years 2022 and 2023 for operation of the Fort Worth
Business Assistance Center as well as renovations and upkeep of buildings on the James E. Guinn School campus;
2. Authorize the use of interest earnings in an amount up to $5,000.00 for the purpose of the award; and
3. Adopt attached appropriation ordinance increasing estimated receipts and appropriations in the Grants Operating State fund, subject to
receipt of the grant, in an amount up to $455,000.00 for the purpose of funding operations of the Fort Worth Business Assistance Center as
well as renovations and upkeep of the James E. Guinn School campus.
DISCUSSION:
The purpose of this Mayor and Council Communication (M&C) is to execute an agreement with the University of North Texas Health Science
Center at Fort Worth (UNTHSC) to accept and receive grant funds from the State of Texas in an amount up to $450,000.00 during the State's
Fiscal Years (FY) 2022 and 2023. Also authorize the use of interest earnings in an amount up to $5,000.00 for a total amount of $455,000.00 to be
appropriated in the Grants Operating State fund for operation of the Fort Worth Business Assistance Center as well as renovations and upkeep of
buildings on the James E. Guinn School Campus.
Beginning with the 79th Legislature of the State of Texas (2005), the State's Biennial General Appropriations Act has appropriated the amount of
$3.1 million to the UNTHSC for joint economic development and technology commercialization activities of UNTHSC, TECH Fort Worth and the
City of Fort Worth (City) for renovations at the James E. Guinn School Campus and Business Assistance Center operations.
In the 87th Legislature of the State of Texas during its regular session as part of Senate Bill (S.B.) 1 (General Appropriations Act for the 2022-2023
Biennium), the State approved grant funding in the amount of $2,913,082.00 for the partnership between the City and UNTHSC for the two years
beginning September 1, 2021. Of this grant, the amount of $2,013,082.00 has been appropriated to UNTHSC and TECH Fort Worth and the
remaining amount of up to $900,000.00 is allocated to the City during this biennium to be received in two installments. During the biennium the City
will receive up to $450,000.00 during FY2022 and up to $450,000.00 in FY2023. While indirect costs were not addressed at the time the grant
application was submitted, the Economic Development Department is reviewing regulations and will comply with City policy on indirect costs to the
extent allowed by the program guidelines.
These funds will be used to administer the Fort Worth Business Assistance Center (BAC) Program and fund the FY2022-2023 contract with the
BAC Education Foundation for the Idea Works Business Incubator housed in the elementary building at the historic James E. Guinn Campus.
The Guinn School property is located in COUNCIL DISTRICT 8.
A Form 1295 is not required because: This contract will be with a governmental entity, state agency or public institution of higher education:
University of North Texas Health Science Center
FISCAL INFORMATION / CERTIFICATION:
The Director of Finances certifies that upon approval of the above recommendations and adoption of the attached appropriation ordinance, funds
will be available in the current operating budget, as appropriated, in the Grants Operating State Fund. Economic Development (and Financial
Management Services) will be responsible for the collection and deposit of funds due to the City. Prior to an expenditure being incurred, Economic
Development has the responsibility to validate the availability of funds. This is an advance grant.
Submitted for City Manager's Office b� Jay Chapa 5804
Originating Business Unit Head: Robert Sturns 2663
Additional Information Contact: Robert Sturns 2663