HomeMy WebLinkAbout(0065) RESOLUTION - Riveron ReportA Resolution
NO.
ENDORSING RECOMMENDATIONS MADE TO THE TRINITY RIVER
VISION AUTHORITY BY RIVERON CONSULTING, LLC REGARDING
MANAGEMENT AND ORGANIZATIONAL GOVERNANCE OF THE
TRINITY RIVER VISION -CENTRAL CITY FLOOD CONTROL
PROJECT, AND DESIGNATING THE FORT WORTH LOCAL
DEVELOPMENT CORPORATION TO OVERSEE ECONOMIC
DEVELOPMENT INITIATIVES RESULTING FROM THE PROJECT
WHEREAS, the Trinity River Vision Authority (the "TRVA") is a non-profit
corporation created by Tarrant Regional Water District ("TRWD") in 2006 to, among
other things, educate the general public about the "Trinity River Vision" project, which
includes the planned Central City Flood Control Project (the "Project"); to assist in the
coordination, implementation, and management of the Project among the constituents of
and contributors to the Project, including municipal, county, state, and federal
authorities and local community organizations; and to perform such other lawful
activities and purposes authorized by the board of directors of TRWD; and
WHEREAS, the board of directors of the TRVA previously commissioned
Riveron Consulting, LLC ("Riveron"), a business advisory firm, to assess the Project
and to make recommendations regarding the risk management, financial and budget
management, and organizational governance and transparency with respect to the Project
to date; and
WHEREAS, on August 10, 2019 Riveron presented its findings and
recommendations to the board of directors of the TRVA, which findings and
recommendations are outlined in a report that is a public document on file with the City
Secretary (the Riveron Report"); and
WHEREAS, the Riveron Report recommends, among other things, that Project
responsibilities be reorganized in a way where the TRVA would continue to be
responsible for coordination of the Project, but that related economic development and
recreational aspects of the Project would be divested and undertaken by other
organizations; and
WHEREAS, accordingly, on October 2, 2019 the board of directors of the TRVA
held a public meeting and voted unanimously to recommend that the City of Fort Worth
(the "City") oversee economic development initiatives connected with the Project and
that TRWD oversee recreational opportunities connected with the Project; and
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WHEREAS, the City Council has received the Riveron Report and agrees with its
conclusions and the concepts recommended therein; and
WHEREAS, the City Council is willing for the City to take the lead in promoting
and organizing economic development initiatives connected with the Project, as
recommended by the board of directors of the TRVA; and
WHEREAS, the Fort Worth Local Development Corporation (the "LDC") is a
non-profit corporation created in 1987 to benefit the City, specifically for purposes
including, but not limited to, the promotion, sponsorship, and coordination of activities
related to economic development and job creation, and the construction of related
infrastructure in the City; and
WHEREAS, in response to the vote and recommendation of the TRVA's board of
directors following receipt of the Riveron Report, the City Council finds that the LDC
would be an appropriate vehicle to oversee, on behalf of the City, economic development
initiatives connected with the Project;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF FORT WORTH, TEXAS, THAT:
1. The City Council hereby endorses the conclusions and concepts
recommended in the Riveron Report with respect to the risk management, financial and
budget management, and organizational governance and transparency of the Project to
date.
2. The City Council hereby endorses the vote and recommendation of the board
of directors of the TRVA that the TRVA continue to be responsible for coordination of
the Project, but that the City oversee economic development initiatives connected with
the Project and that the TRWD oversee recreational opportunities connected with the
Project.
3. The City Council hereby designates the LDC to oversee economic
development initiatives connected with the Project, with the understanding that the City
Council may, at a later date and as opportunities develop in the future, determine that
another organization controlled by the City is best suited to undertake this responsibility.
Adopted this ______day of
ATTEST:
By: .....
Mary Kayser, City Secretary
2019.
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