HomeMy WebLinkAboutResolution Fort Worth Local Development Corporation (FWLDC) FWLDC-2021-07RESOLUTION NO. FWLDC-2021-07
FORT WORTH LOCAL DEVELOPMENT CORPORATION
RESOLUTION
OF THE BOARD OF TRUSTEES
Authorizing a Vendor Services Agreement in an Amount Up To $110,000.00
With National Main Street Center, Inc. for the
Development, Services, and Assessments of a Fort Worth Main Street Pilot Program
WHEREAS, the City Council of the City of Fort Worth ("City") adopted the Economic
Development Strategic Plan on December 12, 2017 (the "Strategic Plan") that includes a goal to
"Ensure Community Vitality", known as "Goal 3"
WHEREAS, Goal 3 included initiatives related to the need to establish, retain, and grow
independent, micro, and small businesses in the neighborhoods (City of Fort Worth Strategic Plan
Goal3.3.1.4); establish neighborhoods as cultural centers that celebrate their historical and unique
qualities (City of Fort Worth Strategic Plan Goal 3.2.5); and lay the foundation and catalyze
community supported incremental development and redevelopment efforts along corridors and
nodes of opportunity with strategies to mitigate displacement (City of Fort Worth Strategic Plan
Goal 3.2.1);
WHEREAS, the Fort Worth Local Development Corporation (the "Corporation") was
created in 1987 to assist the City with, among other things, the creation of jobs and other economic
development activities of the City;
WHEREAS, the Corporation desires to assist the City with the achievement of Goal 3 of
the Strategic Plan by engaging National Main Street Center, Inc. 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, National Main Street Center, Inc. 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 corridors will be selected for the Fort Worth Main Street Pilot Program
through a community and stakeholder application process established by a steering committee, and
an organizational structure and non-profit entity for each corridor will be implemented, if it does
not already exist, with which the Corporation intends to contract to attain defined metrics and work
plans in a total aggregate amount of $540,000.00;
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WHEREAS, the Board of Trustees now desires to approve an agreement to engage
National Main Street Center, Inc. to perform the services as set forth in the attached Exhibit "A"
(the "Services").
NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF
THE FORT WORTH HOUSING FINANCE CORPORATION:
1. THAT the Board authorizes the execution and delivery of an agreement (the "Agreement")
by and between the Corporation and National Main Street Center, Inc. in substantial
conformity to the Services for a term beginning on or about October 1, 2021 and ending
on June, 2027, for a total cost not to exceed $110,000.00.
2. THAT the Board directs 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.
3. THAT any authorized signatory of the Corporation are each authorized to execute and
deliver the Agreement for and on behalf of the Corporation along with any related
documents necessary to implement the Agreement, and each is authorized to extend,
modify and amend the Agreement, provided any such extensions, modifications and
amendments are within the scope of the project.
4. THAT this Resolution takes effect from the date of its adoption.
AND IT IS SO RESOLVED.
Adopted September 21, 2021.
FORT WORTH LOCAL DEVELOPMENT CORPORATION
By:
Gyna Bivens, President