HomeMy WebLinkAboutResolution Fort Worth Local Development Corporation (FWLDC) FWLDC-2022-11RESOLUTION NO. FWLDC-2022-11
FORT WORTH LOCAL DEVELOPMENT CORPORATION
RESOLUTION
OF THE BOARD OF TRUSTEES
Authorize the Execution of all Necessary Program Agreements with Fort Worth Hispanic
Chamber of Commerce and Affiliates, Southeast Fort Worth Inc. and Affiliates
and Main Street America
WHEREAS, in 2021, the Board of Trustees ("Board") of the Fort Worth Local
Development Corporation ("Corporation") authorized the execution of an agreement (the
"Agreement") by and between the Corporation and National Main Street Center, Inc. ("Main
Street") in substantial conformity for a total cost not to exceed $110,000.00 to develop, service,
and assess a Fort Worth Main Street Pilot Program, which would be a three-year pilot program for
two corridors that would achieve community revitalization;
WHEREAS, Main Street employs a "Main Street Approach", which is a comprehensive
framework that helps communities identify their unique competitive advantage, leverage the
power of residents and local stakeholders, and offers community -based revitalization initiatives
with a strategic, adaptable framework for transformation that is easily tailored to local conditions
and is generated through meaningful community engagement and informed by an analysis of the
district's market position;
WHEREAS, the Board directed staff to budget $540,000.00 for the implementation of
defined metrics and work plans for up to two corridors for the Fort Worth Main Street Pilot
Program, provided that any contract with an entity for said implementation shall return to the Board
for Board approval;
WHEREAS, the two corridors and entities for implementation have been selected; and
WHEREAS, the Corporation desires to enter into any necessary program agreements with
Fort Worth Hispanic Chamber of Commerce, and its affiliates; and Southeast Fort Worth Inc., and
its affiliates to implement the Main Street Pilot Program in cooperation with Main Street.
NOW, THEREFORE, BE IT RESOLVED, THAT:
1. The Board of Trustees hereby authorizes execution of all necessary program
agreements with Fort Worth Hispanic Chamber of Commerce, and its affiliates; and Southeast Fort
Worth Inc., and its affiliates in a combined amount not to exceed five hundred forty thousand
($540,000) to implement the Main Street Pilot Program in cooperation with Main Street and to
also amend the existing Main Street vendor agreement to be in alignment with the program
agreements.
Resolution — FWLDC-2022-11
Page 2 of 2
2. The Board of Trustees hereby authorizes the opening of a new bank account with
Pinnacle Bank for the Main Street Program.
Adopted this September 27, 2022.
By:
Gyna Bivens
President
Attest:
Jam-iette S. Goodall
Corporate Secretary