HomeMy WebLinkAbout2021/01/26-Attachments-Resolution 380 Policy Amd.PDFA Resolution
NO.
AMENDING THE ECONOMIC DEVELOPMENT PROGRAM POLICY, AS
AMENDED, AS AUTHORIZED BY CHAPTER 380,
TEXAS LOCAL GOVERNMENT CODE
WHEREAS, the City of Fort Worth ("City") has established the Economic Development
Department to, among other things, administer programs that further the public purposes of development
and diversification of the City's economy, the elimination of unemployment and underemployment in the
City, and the development and expansion of commerce in the City;
WHEREAS, in accordance with the 2018 Comprehensive Plan, adopted by the City Council
pursuant to Ordinance No. 23133-03-2018, and consistent with previous Comprehensive Plans, the City
has committed to use custom -designed incentives and partnership programs with private businesses on
a case -by -case analysis of individual projects to help ensure the growth and diversification of the local
economy;
WHEREAS, Chapter 380 of the Texas Local Government Code ("Chapter 380") authorizes the
governing body of a municipality to establish and provide for the administration of one or more programs
for making loans and grants of public money and providing personnel and services of the municipality to
promote state or local economic development and to stimulate business and commercial activity in the
municipality (a "Chapter 380 Economic Development Program");
WHEREAS, on January 29, 2019 the City Council adopted Resolution No. 5039-01-2019, a
Chapter 380 Economic Development Program, to be governed by the Economic Development Program
Policy ("Policy"), which constitutes the guidelines, criteria, and procedures governing the City's provision
of economic grants authorized by Chapter 380;
WHEREAS, on June 16, 2020, the City Council adopted Resolution No. 5241-06-2020, amending
Section 6 of the Chapter 380 Economic Development Program and Policy relating to the eligibility
requirements for research and development projects; and
WHEREAS, the City Council desires to further amend the Policy to (1) incorporate the City
Business Diversity Ordinance; (2) revise the minimum average annual salary referenced in Sections 3, 4,
and 5 from $43,992 to $52,300; (3) revise the eligibility requirements for catalytic development projects
in Section 8 to include Urban Villages, Identified Revitalization Areas, and Designated Investment Zones;
(4) revise the eligibility requirements for redevelopment projects on central business district surface
parking lots in Section 10 to include areas of East Lancaster and Jacksboro Highway; and (5) address
general clerical matters.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
FORT WORTH, TEXAS:
1. The Policy, as further amended, a copy of which is attached hereto as Exhibit A and
incorporated herein by reference, is hereby adopted to be effective on January 26, 2021.
2. This Resolution will take effect on the date of its adoption.
ADOPTED this day of
ATTEST:
Mary J. Kayser, City Secretary
, 2021.
EXHIBIT A