HomeMy WebLinkAboutOrdinance 25909-12-2022 ORDINANCE NO. 25909-12-2022
AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND
APPROPRIATIONS IN THE GRANTS OPERATING OTHER FUND,SUBJECT TO
RECEIPT OF THE GRANT, IN THE AMOUNT UP TO $500,000.00, FOR THE
PURPOSE OF FUNDING TEXAS A&M UNIVERSITY SYSTEM RESEARCH AND
INNOVATION HUB AND SURROUNDING AREA; PROVIDING FOR A
SEVERABILITY CLAUSE; MAKING THIS ORDINANCE CUMULATIVE OF
PRIOR ORDINANCES; REPEALING ALL ORDINANCES IN CONFLICT
HEREWITH; AND PROVIDING AN EFFECTIVE DATE.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH,
TEXAS:
SECTION 1.
That in addition to those amounts allocated to the various City departments for Fiscal Year 2022-2023 in the
Budget of the City Manager,there shall also be increased estimated receipts and appropriations in the Grants
Operating Other Fund,subject to the receipt of the grant,in the amount up to$500,000.00,for the purpose of
funding Texas A&M University System Research and Innovation Hub and Surrounding Area.
SECTION 2.
That should any portion,section or part of a section of this ordinance be declared invalid,inoperative or void
for any reason by a court of competent jurisdiction,such decision,opinion or judgment shall in no way impair
the remaining portions,sections,or parts of sections of this ordinance,which said remaining provisions shall
be and remain in full force and effect.
SECTION 3.
That this ordinance shall be cumulative of Ordinance 25773-09-2022 and all other ordinances and
appropriations amending the same except in those instances where the provisions of this ordinance are in
direct conflict with such other ordinances and appropriations,in which instance said conflicting provisions of
said prior ordinances and appropriations are hereby expressly repealed.
SECTION 4.
This ordinance shall take effect upon adoption.
APPROVED AS TO FORM AND LEGALITY: CITY SECRETARY
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Jannette S.Goodall(Dec 16,2022 13:08 CST)
Assistant City Attorney Jannette S.Goodall
City Secretary of F0,%
ADOPTED AND EFFECTIVE:December 13,2022 �
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City of Fort Worth, Texas
Mayor and Council Communication
DATE: 12/13/22 MSC FILE NUMBER: M&C 22-1076
LOG NAME: 17FW TC INNOVATION PARTNERSHIP
SUBJECT
(CD 9)Authorize Execution of an Interlocal Agreement with Tarrant County; Authorize the Acceptance of Funds from Tarrant County in the Amount
of$2,000,000.00;Authorize Execution of a Services Agreement Between City of Fort Worth,Tarrant County and Fort Worth Now in an Amount not
to Exceed$4,000,000.00 Relative to Services to be Provided That Support the Growth and Success of the Texas A&M University System
Research and Innovation Hub and Surrounding Area;and Adopt Appropriation Ordinance in the Amount of$2,000,000.00
RECOMMENDATION:
It is recommended that the City Council:
1. Approve the acceptance of funds from Tarrant County in the amount of$2,000,000.00 from the American Rescue Plan Act,Subtitle M
(Coronavirus State and Local Fiscal Recevery Funds);
2. Authorize the City Manager or his designee to execute an Interlocal Agreement with Tarrant County;
3. Authorize the City Manager or his designee to enter into a Services Agreement between City of Fort Worth,Tarrant County and Fort Worth
Now to provide services that support the future growth and success of the Texas A&M University Campus and surrounding area;and
4. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the Grants Operating Federal Fund, subject
to receipt of the grant,in an amount up to$2,000,000.00.
DISCUSSION:
The purpose of this M&C is authorize the execution of an Interlocal Agreement with Tarrant County and Services Agreement with Fort Worth Now
relative to services to be provided that support the future growth and success of the Texas A&M University System Research and Innovation Hub
(Innovation Hub); and allocate funds in the amount of$2,000,000.00 from ARPA funds to pay for services provided under the Services
Agreement.
Interlocal Agreement(ILA)
Responding to the negative health and economic impacts of the coronavirus pandemic is a specifically identified use of American Rescue Plan
Act(ARPA)dollars under Section 603(c)(1)(A)of Title VI of the Social Security Act(added by ARPA).Treasury Department guidance specifically
notes that these Fiscal Recovery Funds can be deployed for a broad range of uses to mitigate the effects of COVID-19 on local residents and
accelerate the community's recovery from the pandemic.To aid in the community's recovery Tarrant County and the City will use ARPA funds in an
amount up to $2,000,000.00 each. The City portion of$2,000,000.00 will come from the already set aside $5,000,000.00 in ARPA funding
dedicated to the Innovation Hub.
Services Agreement
The City of Fort Worth and Tarrant County have identified a need to partner on the creation of an entity to assist with the synchronization and
success of the Texas A&M System Research and Innovation Hub which consists of the new Texas A&M Law& Education building and two
additional Texas A&M occupied buildings(Innovation Hub)and surrounding district-wide vision.The entity will work with developer(s),Texas A&M
University System(TAMUS),corporate tenants,entrepreneurs,and local stakeholders to maximize the impact of the collaboration between the City
of Fort Worth (City)and Tarrant County(County), local industries and top research,education, and workforce training assets of the Texas A&M
system.
To leverage existing resources,the City and County will utilize the current and mostly inactive Fort Worth Now non-profit corporation by legally
amending it to become the Fort Worth Tarrant County Innovation Partnership(FWTCIP),retaining Jarratt Watkins,the current Executive Director of
Fort Worth Now to assist with modifying the legal name,amending the bylaws with its new purpose,and creating a new board of directors. The
new board of directors will be led by the City and County appointees.This new entity will help spark a vibrant innovation district that attracts world-
class tenants and partners,creates partnerships between TAMUS,the City,County,and corporate tenants to build a thriving downtown innovation
ecosystem. The Innovation Hub will be a major opportunity for economic development and growth in the City and County. Initial key areas of focus
and services to be provided by the FWTCIP will include,but not limited to the following;
Real Estate Development Support
• Serve as lead in coordinating planning efforts to integrate TAMUS designed and constructed building with developer/City efforts to design
and construct the Research and Innovation Building and Gateway Conference Center Building and associated spaces(plaza, parking,etc.).
• Coordinate the activities of partners involved in the development of the Innovation Hub and surrounding area.
• Participate in commercial tenant/partner recruitment.
• Provide coordination on behalf of all parties in connection with negotiations of the development agreement between the City, TAMUS and
chosen Innovation Hub developer.
Research and Innovation
• Promote to local,regional and national industry partners the commercialization opportunities associated with the Innovation Hub.
• Work with local and state partners supporting entrepreneurs'efforts throughout the community.
Stakeholder and Community Engagement
• Secure local and regional philanthropy to help support the TAMUS Urban Campus development through fund raising associated with
business opportunities emerging from the Innovation Hub.
• Coordinate partner engagement and community stakeholder meetings.
Economic Development
• Assist with planning efforts to support future growth of the TAMUS Urban Campus and surrounding district-wide vision.
• Coordinate with City,County and Chamber economic development groups the opportunities for the use of incentives to help development in
and around the TAMUS Urban Campus.
In consideration of the services to be performed by FWTCIP,the City and County will agree to pay up to$4,000,000.00 spread out over the four
year term of a Services Agreement with FWTCIP from funding provided by both the City and Tarrant County. Funds will be used for setting up the
new entity and providing services outlined in the agreement. The term of this agreement will be effective as of January 1,2023 and expire
December 31,2026, unless terminated earlier in accordance with the provisions of the agreement.
A Form 1295 will be provided prior to execution of the Services Agreement.
FISCAL INFORMATION I CERTIFICATION:
The Director of Finance 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 Federal Fund. The Economic Development Department
(and Financial Management Services)will be responsible for the collection and deposit of funds due to the City. Prior to an expenditure being
incurred,the Economic Development Department has the responsiblility to validate the availability of funds.This is an advance grant.
Submitted for City Manager's Office by: William Johnson 5806
Originating Business Unit Head: Robert Sturns 2663
Additional Information Contact: Robert Sturns 2663
Expedited