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HomeMy WebLinkAboutContract 17242 €n ' ; , Nsyc,•I, i, 8i n'y..,�•� n r�a a^^i{,2fvF,: ,,. �St r't '"�.` .r rl•(-4 e rFi ;r�rG t� t.,�"M .F.Mai ^.}L,+ rrA;�R;^T� .,1 hY F, .;,>,e� •ry.. «fS,'u x ..• i b v .4�} S. ,r p^r •�� D, ry' `s- `,i�ri.� ' , .n 4',y9� � i�a: � 1r �,1 '� : ? 1 ' ' �;r� 't � �, � t � e . cW� cr, r .�� t �. tt1. i>18� "lxwr.. %z iY+ 7u 'trn;R�{a bcrsrr.`.h t i; ii;u�w6 e �, { rij 1; i, tt s t s¢ 5 s J¢Mk {`"{;(sf^ r a I I l } `i Y -.-.�' IR 'r.�'r" ''l a 'G+"„Ib.� e.�E �1',�i.^ � L(' I'� l k � ':Y Ih .'�J�N.S Zt. ,i �,.5^a �x.1]i+i ,l�.G{Ie.,t„� S�u;a ;9•n,rhyc t ur�:.,x�'7� ,try.e.a•.tc:.,7. &aa IAvx_t'�x .fn m •t t Mi . zt OFFICIAL 4 TA r,V CITY SECRETARY CITY SEX21 CC)TfiiIY C) tAP,TiANI. e ! "! aF 'a ,d. Z WHEREASd since 1981 , the City of Fort'. Worth 'has received grant &, monies from the United States Department of Housing and Urban ' Development ( "HUD" ) through the Community Development Block Grant. ( "CT.1BG") program with ,which the City I�.-ts funded a revolving business z^ M1, c t- a r loan -program which was administered by the Fort Worth Eco omi.c " Development Corporation ,, and 4 WHEREAS , the revolving business loan program has con%7n'wed to i operate successfully and has generated interest: income which has � } � ; been used to provide funding for the administration of they p, ogc•am; t (: and WHEREAS , it is the d e S :t, r ? of the parties that t h=; program continue to be funded from existing sources , without additional CDBG � 1 , funds; and ; WHEREAS , it is also the desire: of the parties to allow funding of the program administration. from interest income generated by the xf ' repayment of program loans ; a � y � NOW, THEREFORE, KNOW ALL MEN BY THESE PRESENTS; i `s What , for and in consiclf-:�rat: ion of the mutual r.ovt•nar, promises and agreements contained herein , the City of Fort Worth ( "City" ) , acting by and through its duly authorized agent, A.;!s .stant =r r City, P�anager ;arn an Guaj ardo , hereby contracts with the Fort Worth Economic Development Corporation ( "Contractor" ) , acting ay and +` a through its duly authorized President , Leroy Sull ivan ,, i#lose business address is 2914 Ea Rosedale , Suite 04, Fort:. Worth , Texas ti , r 76105, do hereby covenant and agrree as k:ol.low�, ° ` 1 . Scrape of Services Contractor will provide low interest business loan services to +'c rlllc?.11 and minority business owners Whose businesses are primarily locat.e'3 in areas populated by low and moderate income citizens of +. Fo,r_• t Worth kinder the program name Revolving Lo,_M1.n Program ( 'program" ) , senrving the four Coordinated Nei.ghbar=•1-fUC.+d Itevit,aiZza.- t f tion Areas . dear North, Mid-South, riverside and Near Southeast , in �i accordance with "Exhibit A - Program Summary" for the term beginning June 1 , 1989, and ending; May 31 , 1990,, ' 2. FUTid inn y and Reports .'.LtF" iF✓1.22 [+'.i<?S%lC,'iC-.' t;.�:% �{1,.�1_'TY' N6:7.7f'3? 'f:ril i77J.77"r.ZFw'£i l'_-`Y. 071.1 fonds 0b) 7 t gated under previous contracts and from principal E irned fro nn previously, made loans , in an amount not to exceed Five Hundred a �.rrn�ar�.so,oasrcyanae,rt:ay..r.�m_.c�v.:at,��,ze,;ss�ir�2;xr.:caazt�:awx..:•�.'. tvit�e!!p�r•x�e)br7 Yri'.a�6v�,.:d�a,P.S„^wts�.,�tcl�"tF L'Cf;<��'xw;GG�,�'&:F.1'c�';PYd��';L"�4i:C3:�I3�C??:I GAL`,'7V&'�'1�.IGF•t3,id!�H'1'✓rilt�.F,^SLT�76r.T'i-Ng2C�ll1'1'a�.°uTc'llUlir ?.�7+w5S+�llv"�w'tiB - I.z - _qa,: .'+tt. G. � *.... .,t •'Ci .i :y.b+r Y�R t 4enaexr ^7 :y r0.';e, E WIN�'"' HAS. a:.. ti <'?{ t7 r 9':' a i si c`��� '`° "'" : . S " y5,( . ' ' F r ; r 17,��' § .fi „l e n ' ;:3. ' , �_a .a �. �.. 1 � r, ik f. w .. ^_ " , ..I r ✓ g2fi' y ... h I! }' f �� d ,h': ey5 ONE", t,.,l ,,}. 5 4, y , ''gt,- ra ;r � • � F r . q! v, XL'�y1�d(7;i,1y�j q�'d.@lr,1 ��',r;tiJr7, vL' is.7`vW,.`t`sx.P-dE:,.' .: elr'.. �'€S�.ir r `9'rr iF� 1�'�uF J.`.+'ati'ti� .7<''Y" 5, 'Y.'�ft f�,' T'L 75 trn2.�J.'.nSLdLrr�G1�.,,.Ww LL Ia' r'In ', i I. W s all T Fifty-nine Thc:''usand Nina: Hundred Fifty-four Dollars 0559, 95 4) ,, plus � an y additional principal i a c x �� : :�a L becomes c c l � � �v a i l a�l� for r a d d � � � o n a 1 �. �} loans ,, for operation of the Commercial Development Revolving Loans Y' ,I .s Fund . It is understood and agreed :pat , although these funds are � s. available for this purpose, funds will be disbursed by City for each proposed loan as it is requested by Contractor . Available principal .� balances will be reviewed by the City on a monthly basis . At any ,t time that the available principal balance of CDBG funds exceed's $50 , 000 . 00 during a six-month period the excess will be returned to t' r . tint:=. City . in addition , if the available principal balance of EBA )�t ( sands € deeds '25 percent. of the original cap? ta:i..ization of t $ 1 , 000, 000 ( or $ 250 , 000 . 00 ) during any six-month period , the Y k Contractor may be required to return the excess funds to the }>DA per rtent ,fthiaat 1I t "' .Y � attached agree a a^� 3' City will provide funds for administration of the Commercial Development Revolving Loan Fund in an amount neat;, to exceed One t Hundred Thirteen Thousand Eighty-two Dollars .174 �° ..�y _ _ ($113,082) i pl:at+Tidedp however , that this amount will be paid solely from interest :income yE F earned from Loan repayments earned during CDBG Year XV and riot. front CDBG principal income, other graat funds, or any other funds of the �E9 City of Fort; Worth, These funds shall be disburs-ad monthly following receipt: of Contractor ' s monthly report of expenditures , interest E inti°carne, and program fees. ,. Contractor- agrees to use all disbursed CDBG funds , program „ :L fees , and interest income For the Commercial Development Revolving � t� ± Loan Program, including administrative expenses. E} t.� Contractor further agrees to uk: s.ti,ze any and a:r:t, program fees earned for the administration of they Revolving Loan Program and to expend all program fees earned prior to expending interest earned on Revolving Loan monies. The expenditure of program fees is `Qbject: to ' all terms of the contract, .,t R Contractor agrees that during the first three years of the term . „ of any Program loan -wh.i.ch includes any amount for working capital , it will assure and will include in its pro4j: r aim Loan documents assur- ances t:ha.t. eat}-h loan recipient purchases and maintains in its busi- ness inventory the s p e c ?1:i c items 0 f equipment f o r which ,i,t;. h sa ,,. zYYMst0d 10an Mr'_n ,o ` bring this per!M , Contractor agroEs Lo 5 aSSti.1L(L chi"d tO QL.Wl in its Program loan documents assurances that each l o a la r as c:i.p z e la tw will is x e a t,e and m a i n t.a i,ra permanent j o ka s for � s..t persons in - the program service area and assurances that loan reQipi- c ants will not dismiss existing employees merely for the purpose of a; fulfilling job creation assurances . For each of the three years, I Contractor agrees to prepare and sulami. t to Cite an annual Job Creation and Retention Report. , which will record the employment y activity of each .loan recipient during the program year . r tl�,t }-'"r ', P �" 1' '3,.,iu M�� MG � 1` . s ,.��4aa7, w�t.2 sSTa , ;nsxll� 1e�i, f�'Tt } t �sEatt � 9fix�y iu J., b�iir 2^'1 r r.�.ri ".a H i :yfil' T : YSraa.lnl, .5ydfi5 E fit. rTk' rYcr w i7STi�llrr4' ,. r�17 ," t i 4 { get ,ft +L .;sst�G E P is � 5 •. ,�,�„„''�' a_ r .,d • a riri rs} €� j. � ,,; � � ! .Y, ;� �f,,�� ;i � �; tx.•.,: r �2 p I�'f'I rti� .;L„ ,iyy4. y. i ��f"yc "t y�4 u i1. (�' :'r"+' i�t k'�'w•'.' r.,J,,$` .i t i ,J!;V ( �1��+t;= `t�j � �7?� �,?� p.�'6GM�..{�.�+7"��� .�` I, �,�• ' kh„' �MY ,ti�`,,]] ��i" " '.�i"'��: 7 r `t - •}r � rirr h yf��, •��. '���. kt +�, R � x rc4,r t� g �i�. t.A.n� 1•' 9C,+` �t4'`n.,�f�+T � � i�'f'Y; i I� 4,��.i f„ �',,tr,� �'•h YJ" 4. t�x;� r r iilr z;itGiti nlF'!3i 4I,f'.sa'la r�ir �.ti �.tam:Faf"ki'm� a.,'l fl'�5' ,;'fu' �4 r,(i h*(3r /r( rhr� s�'`.. �a' y`S�Sir �,,''AS.�•.:,i. '�{ �ti tt±r�Ii��.;I�,. ilA.i31-n,�i 'R, { :LNMI� :i+•is�pJ:rAl��5a��.., :6`rfnn+�laSAtfl ��Li4:U�'#j i .i'EYr'(�i +{ 4 t CfSn"C.raC.''i:or agI"Pe;V to include in its lC7aCl Cf1Cat3"aCts ialssurr',1.§Scetu' ! that 1i:1an recipients will pay employees no less than the prevailing ; rS ITI.IJILMLIm M1,s1age as established by FeC"!era) : $:.c�LLEQde^a and regulations . ' Contractor agrees that funds will be expended in accordance 7l with "Exhitrit B -- Operating Budget . " Contractor may increase each � line-item in its budget for operation of the program by up to fire 4 percent ( 5fir) of the original line-item amount once during the perfor- mance of this contract, without: the prior approval. of City Provided, however , in no event shall t.heL'f.3tal. of all line-items aster: revi- sion be- allowed to exceed the total appa:•oved for the program, Contractor will also abide by the terms of Exhibit "E" , concerning ya the Loan Servicing Officer. #RN Contractor will notify Cit y E ^o apt1✓ of any additional funding ,i it receives for operation of the program, and City reserves the right to amend the Program budget i a such instances. t�h t ' Contractor will not commingle CDBG monies with any other -funds in any manner tk1'a.i.c:h would prevent City from readily identifying expenditures, fees and interest income for vocation of the program. Contractors will develop a schedule of fees , to be approved by the Housing and Human Services Department , to be charged to assisted businesses according to the terms of Exhibit °'Crwr Contractor agrees (. � that ;.Sl. l �r«g;���laa income ftiosa� operation of program will be expended prior to expending CDBG monies and that any such program income is subject to the terms of this contract , CDBG saaonies may be expended by the Contractor only if pr oc�a°yam income is lin4 insufficient to meet all eligible program activity expenses. ��s cus; tf All property purchased with CDBG funds under this contract w.lil.l. { be used solely for operation of the ReVol.virsg Loam Program. 'title to .r such property will be vested :i.ra it vested City, grad {.rt fi:l-Ee termination of this �. contract. Contractor will deliver all such property to City for disposition at City' s sole discretion . Agency agrees to use CDBG monies for advertising and pirblic:.ity £sVy an SpIcif ie on "Onhib 't: C -- 1'sd'+ ert is inq Budget , !'" and in n��4 accordance with OMB Circular A-122, Modification of Exhibit " C " may s be accomplished only with the prior written approc ,ra}. of city. 3 and Audits •Sl Contractor will submit t C2 City f5tt?En'1:t7 i y reports O f activities ry ruder :a tier by Cont : actor in performance of this coa. ract zlrrtl rncan#:hly statements of Contractor ' s expenditures and income? regardless of 5;11, the source of such funds, which .rfrlat;.e to the r_,,?voly inn Loan program in any way. . Such reports and statements wi.l. l be signed by a duly Ml horized ..;j agent of Contractor and will be submitted by the Fifteenth of the }r ' month following the month which is reported . The City is cruder no t' -3-- iH „ j .�'y�'•,.°'aka!?ir,:',�o r•tt;t¢'�rr .^3;' 'd;<'am'Y.t':'`!n''” ?'iY"', 'i g5; ,,F.( aca•.^'•��.°c .;tw•;y,r•=I..[i ti3lii''�X?x 1a i ..`C'w`p: 'p• rn- 51,;x, ;.rp,"7 :` .w�, �.: ,+ 1i( ;. ��v.�SS•rcC{` "'Y*mot �,=„ y�;.h` JG. '':'�"�# ,�n' F ,sl,. •+� v�, ^� 3t,.,} f� t.s."�ildi:'U M1,111, � ,i.:v : am m, 3',71 `t•$ I ',!: • 5.s�`'t'u”' ' , J?tY � '' &,Y '�". Ils"` ,2'Yr 4 I +'' , ry �. �I�^r. a'� ,t (I 4 •.E �ii'i,. � k`". `�F�?eif•, E `(��4 �4,L'..��. ("1 ,1;`l: r. u.ti��3.'St.•l; la 1.� �b any .,F.• r r .t f o. uI3St rnfp �'v, ��� M n »e`t ec �. -�.eu, ic�IC. t :I: '�. uaG�.: '�.d` 4" .'`i.Ec4r, i�t."�"T'' x'..eJk2lPY Y� y �iF �t �• i'�'��,�'2'' , d "'QL 1{{ Srt xG 1i }r5 ,,ISs6 "� 5 r� rais .dry} r t, obligation to disburse funds for activities or expenditures Which tt, occurred more than thirty { 3t)) days y �a y� prior i o i- t c� the o f:i r s t day o f �t.the , month for which the Deport is submitted, irk' It i {�Y Contractor Will cooperate fully with City in monitoring the Revolving Loan Program. In this regard Contractor agrees to keep records sufficient to document its comps i.ance with all applicable laws, -egulations and contract terms. All records shall be retained for three ( 3 ) years Following the Matt.; A termination of this agree-- I� meant„ (:'ity, HUD and the United States Comptroller General. , or their r� u repr-esent.ati.ves , shall have access to any books , documents, records and papers relating to the operations of Contractor under this a I, contract for the purpose of audit, examination , exception afid tran- scription at all reasonable hour's at all offices of Contractor . A t single audit: of all Contractor ' s operations may be conducted upon r demand by City or an independent public accountant of City ' s choice , in accordance with OMB Circular, A- 128 . In accordance with OMB Circular A-'^128 , for a.11. contracts j.n, the alTour' t of $25, 000 r ' or more, .`` Contractor must submit. to City can annual audit of its program opera- tions and finances , covering either its fiscal year or the period of pj this contract . This ,Audit mush be preprrr•tad by an ir-Irfppendent certi- fied public accorintant and must be submitted within three ( 3 ) months t of its Completion . Costs of preparation of this audit may be an allowable expenditure of CDBG funds in an amount proportional to gF ,oa,a n.. that of the CDBG funds used in Contractor 's total. ,agency operating budget . , City reserves the right to perform an audit:: of Contra-tores program operations and finances at any time during the term of this r contract . f.f such audit reveals a questioned Practice or w(pendi- tune , such questions must be resolved within ninety ( 90 ) grays after ,r notice to Contractor of such questioned practice or expenditure„ If f`•rf¢ 4 <}'t q1.1+?:3ti.i7ns r.3re not resolved Wl'ttl.in this pE?ri.oG} q City T"C-.'sC,'rvF$ the right to wit-_hhold further funding under this contracts if as a t;, result of any audit it is determined that Contractor has .misused , misapplied or misappropriated all or any part of the grant:. funds ' described herein , Contractor agrees to indemnify , hold harmless and defend City and i is o f C.icers , agents , servants and ampl.rsyeqs from ana against any and all claims or suits resulting from such misuse , f'�t F misafP_t icatiOn OY. iIl7saMOPrlat:i.on of such funds and to reimburse t the City the amount of such monies so misused . misapplied or m:is- approf.,r 'i a ted Contractor covenants and agrees that , in the event an audit is k ' conducted by City or an behalf of City, which await reveals any im- proper expenditures by Contractor , its of0cers agents se •, employees and/car subcontractors, OE the funds granted hereunder and such questioned costs are disallowed and become final under the pro- cedures of the party by Wham or on whose behalf said :audit Ls can- ducted , then the amount of such disallowed costs shall constitute K liquidated CIG11l'Ic`Zgcaca ;_ur the brt'i3C:t: of that port ion of f:`.l'Ye f,'oCrtrcrct t audited. In case such disallowed cost: becomes final as herein set t : , t. i MEN`^' 'i� j, f;v 7 <J ,fC`•=1��,,z'^.�nF-+^.xi"`��.: �r� {.. ryt"5} R :.m^.. i� �- Y, -- 4'!� ;w t N� 1 �� Lm ,�: � .`� ..,.n1 is , g �*,. .,+,.{""4.. ':�ig�r+ ,�•t R4 .1 �.,.d �19?-.• .yt' �,t'��..rq'[: "�� .�.1^ °i:'• -� '� G k. ;!i`k`" {2 F. 4r,;1'i;{ '+l�tfr'aa. ?.1-':!'}z`Fi., rr.1s. •;b [ tF�.;' �irc9'- 55 3-?¢ yt y +.: 9Y'j L,r3 p 1 : INS �tl�s•�'?r'7`i��t7^�l�tu�N�:-�, �y'*�J.-i�';t��'ki���s��`p �' .'�{'�.i�tFi.,F�; ;��.{^� '' ��t I"�5. � ) ��t '..w.���Y�:t II 4b�, I tl-j I 1 R. out , Contractor agrees to pay City said sum as liquidated damages for Contractor 's failure to perform the duties, bear the liabilities r" and fulfill the obligations imposed upon it by this agreement, and •�r City agrees to accept and take said cash payment as its total. damages and relief hereunder in such event,, The parties hereto agree that City' s ac:.tual damages . in the event: of a default by Contractor , m would be difficult to ascertain , and t:l:je parties , the:i°efor.e , agree r that such amount as shall be determined by said final disallowed cost is , to each of them, reasonable as liquidated damages . t�. I 4. Applicable Laws Y„ An Federal Contractor agrees to comply with >;,he following laws and the � regulations issued thereunder as T p ti 3 9 they a7-c. currently written or. are hereafter amended during performance of this contract: l g Act. of 19ti54 ( 42 USC 2000d et s � Title irl of Civil Rights �` ,,_cx,) ' Title G'I.T.S of Civil. Rights Act: of 1968 ( 42 USC 3631 et seq) s Executive Orders 11063, 11:246, as amended by 1 .1375 and a:, supplemented by Department of Labor.' regulations (41 CI?`R, �v Part 60 Age Discrimination Act_ of 1975 (42 USC 6101 et seq) section 504 of the Rehahil itatr b.-)n Act c)f 1973 (29! USC '731 ) Immigration Reform and Control tai°ct of 1986, specifically in- cluding the provisions requiring omp:loyer verifications o legal worker status of its empicyees Housing and Community Development Act of 1987 � y , Cont.i:actor , in the operation, of its grogram, 011 also comply k with Office of Management t and Budget Circular A- 121 and attachments :.. and revisions thereto , regarding pr in.ciples for determining costs for CDBG-funded programs. i Do Section 3 of the Housing and Urban. Development y Act of 1968? as amended ,. 12 USC: 1701u As they work: to be performed under this contract is on a project ,F assisted under a program providing direct Federal financial assis- tance from the Department of Housing and Urban Derr.-':l.dumant and i5 �1 subject:: to the requirements of Section 3 of the Housing and Urban ' t�. ),evelcr men t Act of 1968 , as amended , 12 USC 1741u , Contractor covenants to abide by the requirements of the said Section 3" it requires as follows : t f, (a) That , to the greatest extent feasible, opportunities for . ti• training and employment be given low,:-a i.ncoine residents of the prof-ect area, r,,nd j (b) That , to the greatest extent Leasibleg contracts for work A ,h s, in connection with the project be awarded to business 6, J9:• MINE IfiRf '�.7, i'1. x, y'+t 7�- :,.'tt"' xq" )� , '• ,#� +;i a t�}';1'! fl`?Y}.Y ,,,S�� i e 3r�t' ys�tir,,«,•y �, a. '; 9r�rf�1�.,�r�,.a,�+�`�{� n' �� 7 ,p� ,�$ ty,� �uu. "YIF� us`_I17�,Y i'[�J'�rx. 1.4i ar'J 1s}' �tt`j�';Yd� j., �� d�+�i k, ,��gFZ4C14 Y3 ?"WJ'-tl ;r� �`..'Yi F�+''"..FNI �r�.5:'•�J,r`.�; 'n f' }'`�}"'Sv:T b ik, };%ra����S�G. { `r„;+Yrir' t'�1,111r-t,�.`' •TI`i'���M`'7� '0 v `dff.!i~ 't � Ua'., .i1 X�+<•,.r..,tea i`dJ31U bf� hl�.v54 i`� r +" ;'r 1..,,r R�:,;pn,. ��'tix.:, In. g;.ry, ,r, a�=j•x s'Nev",mr t ,i! ':r•q u. Y f :y mr,.sS"-z."„f�C°7 '^$x �'P F ^r m7.; r, "'` € ' j ��"".EF (} szr t, ) '[ .,r }i :: ,'c .er 1,..1 sr• SIR- � �! .�a a�.,.j; Lr 7.,+�';tp y4Mr t t��' ,7f .de,�l , t �'` �' „� �'ih .',F`.: -.7`.i t.ii 't ,e�i'. ; t4• '?," i. i•i c�lS. B �1h .7�.>�r1' ^s3•�:,'• - .; '„ tit'.��^^' �` t� x wF` u �e w•t"1r t` �r,`�',;} ,yt l+101.,.r:.. i• IN AS'E i41. ' F "'tii tF"�.} sear C"o `n�lt,*�'�y'r �`�,5 MEN �.t; "... v,..,x.�a,'y`,v, , `;iu,�,, �'tr... .5� c`if• .r, f ;e .,�,R E „� :'i. 2 ,i ! �� r P �` ry ry r r}?iti 4{..r..$a.u'f3k> I2' 'n z ��:.Si�"'i�T7.:t" S`u .i� ?1.,e..ttiu...4 ,`r4rit%7.ua d3tet'•t.ivb ,L`sal.�p 3 :T Ara^ '. i r br.�:c�+�w...� � �F rti concerns, which are located in or' owned in au'bstarrt:.ia:l. part }i . h by persorts residing in the area of `..•ire project Cori tractor still comply with the provisions of said Section 3 and the regulations issued pursuant tltnreto by the Secretary of � Housing and Urban Development , set fort-.h in 24 CFR 135, and all at applicable rules and orders of the Department issuad thereunder prior to the execution of this contract . Contract-.or cert.ifi.es and agrees that its is under no contractual or other disability which �t,t {. would preveent it from complying with f.he.s e requirements . Contractor agrees that it will seni.1 to each labor organization tr` {, or representative of workers with which it has a collective bargain- ing agreement- or tat.her contr ,ac"!: or undo standing , LIE any, a notice advising the said labor organization or workers represen tat i,ve s of 5. its comet i tmen is under this .Section 3 clause and shall post copies of the notice in conspicuous places available to employees an(] appli•- ` ' cant. for employment or training i4 1 Corrtracti.,r aciree> that L will include the said Section 3 clause in every subcontract for �,Jork in connection with the ,.-,,reject and w, .11 , at the direct-ion of City, take appropriate action pursuant :F J to the subcon tract upon a f ind i ng that the s ubcor`r tr_ ac tor is in violation of regulations issued by the Secretary cf housintr and ^j {. Urban Development , 24 CFR 135. Contract-or agrees that it will riot subcontract with any subcontractor where it has notice or knowl-edge 1Tr that th,:a batter has been found in violation of regulations ur;der 24 CPR 135 and will not let any sEabcc}nt:cac t unless the subcontractor has Eirst provided Contractor with a preliminary statement of r�Yt r Y� ability to comply with the requirements of these regulations . 1' City and Contractor understand and agree that compliance with �n the provisions of Section 3 , the regulati-ons Set f-ort-h in 24 CFR �. 135, and all. applicable rules and orders of the Department issu(-;d thereurider prior to the execution of this contract shall be a c--;-)ndi-- 1 tion of the Federal. financial assistance provided to the project:., binding i_ai::)n the City and the Contractor , ar,c' trie :ir respective t successors , assigns and subC0nL-ractoi°s . Failure to rulcilL these �Et requirements :hall subject Contractor and its sub-;ont.ractor's # its ys 4 Su.cCPsCSoi.-S any': assigns , to `those sanct: itji�5 �pt?U1f�eC� by t17F? �r:1r1� Agreement through which l'eder'c?J. assi_ .itz�nce �.s prov � c' ed and Lo such E� sanctions as are specified by 24 CFR •135> > i C. Clean t ire Act, Mater Act; Environmental Protection Agency k� Acts and Regulations � (tt :Ch?S _ngrc!iRl?ni; is :=;t.a'crje'ct to t)-ie rf:quil':'k-n),-'s.'t't_s of Section. : 06 of E 3t the Clean '`air Act. as an, ended 4l' USC 1 857 h a{t s , Sect r Act, { � � � ,a�cl � j y ,.a E_i,t 1 C�n .)t�8 t. tu. of the Clean Water. Ac I-- ! 33 USC 1 .3 6B trl i'r.:er Pollution Control, Act, as amenr e.l ( 3::5 U,.,C i ? :., `i et, se«• ,.,a-i,., the reg ►:1a 'Cions of ti•re n Environmental. Protection Agency with :respect there- to at 40 CFR,, P.tr t F 15, as amended from tine to time , and Execut.•i ve order •1 1 738 ( 42 USC {;f -t'' 't t � i�D �r;✓ �'1•`�$' ��,'��.de'•3 y r; r.,t� J t br ggiippe�'3!n'•�Ktr"r�-;'i iYr'�..:bP,t(+e�(_„'r .r F ON s ! Ills� 1,T g, ,ir " M, SIMMONS,, L 2ri:,b r ��F �� � 1 .,a'��=yC;;.:._i rn}.iie'a.,i��r.;!h°•C4�Hy�r Q tnl�- Yfp ai� tix90 �F:;xk�f x 7606 nt . ) a In compl Lance with said regulations, Contractor agrees and, with Y.'F-?spectt to any nonexempt transaction , shall require each ' subcontractor to e t c) the f l , agree o lowing, recl,.irement s aka ( 1 ? A s'tipulat. i'nn that no facility to laeYutilized in the x peri r�rr,<:anc;v of rionexempt contract or subcontract work is included on the List of Violating Paci:l.ities issued by thy' Environmental P'`rOtecwtion Agency ( EPA) pursuant to 40 CPR ( 2) Compliance with all the requirements of Section 7 1 t of the Clean Air Act , as amended ( 4? USC, 1857c-8 ) , and Section t 308 of the Federal. Water` Pollution Control Act, as amended ( 33 USC 1318) , relating to inspection , monitoring , entry , $� 1, tj reports and infOrmatioa, as well as all other re quire? er)is �. specified in said Section 114 and Section 308 and ��.il. r� regulations and guidelines issued ne''reunderF f" (3) A stipulation that , as a condition for the award o.i the ��4 contract s Prompt r' otice will be g _ r gin of Y any notif=it:;cZtiC�n �. ,(t received from the Director , Office of Federal Activities, r� �n EPA, indicating that a facility utilized or to be utilized r for the contract; is under consideration to be listed on tae EPA List or Violating Facilities, r rt!� ( 4 ) Agreement b y Contractor that he will include or cause U.) be included the cr t er i a and requirements in paragraph ( a ) through (d ) of this section in every nonexempt sub- contract, requiring that Contr:'actur will take such action ' City may direct as s means t f e zs• v i � o enforcing sue+tl �t:'o- �aision<> . In no event shall any amount of the assistance provided under this al7reernent, he utilized with respect to a facility which has g iven r is4- 'to a conviction under the Clean Air Act or the Clown l�( 1 D. Other Laws 4 tonr;ractor covenants and agrees nat its otficers ,Y members . agents, "":ess, Program ;?art ic°.i,�x�,^. t� and 5ubconCractars shall �lt rr abide by and comply wi Ll all other ? anti,, federal , state and local , �(aq;; relevant to the perEoY_ mance of this contract , including all or•di- rd na.nc�e , rule and regulations of the City Fort Worth � .Y and d the Housing and Community Development Act of 1974 , as amended , and all C' regulations pertaining thereto . Contractor further promises and Q. agrees that it has read, and is familiar with , terms and conditions i o n a of the Community Development Block ,rant under ts� which f+ln,::# are �t i granted and ghat:. :i.t will fully comply with same . It is agreed and understood than , if C.,.'i.t.t1 calls the attention of Contractor to any �. a such violations an the part: if C`,rratrrrkct or or any of its officers , members , agents , employees,s, p,:Ograr'n Pal- tie i.A;ar"1.t4, or subcontractors, ,a u. L,) T E'} .l,.'Y•_ .. [•Y'}' cp" m` ,. p„,;,in,',0'pcJ{i,. t .r'k`?.�.i.`r"7r r t�e�.._r.° :_+c•• .{•s '�.t..yyy',,J' ! � �d:' r r` s.rv3 z. $m:sub*' 'S��j tlt.� ). "tt.,1 r'r{�,:q:r'J�L'S)y'r,;;:•� `fit, Y� �yp,. '�r` +':�•}`'v1<J, y�,Y}��Byny'ri ,` "'{�'y'.����[��,�w,.( 1 411dr NOW 511�i1���1 V.il:`�"S�'.1(iNU LC.i1f5 1=.9'���EM Wit�f5.';1_AAL-Iifl:I!=S.��ri�f��3�k{�'=:'3 115115�6r�:YE}N.{ •�W1���1� 'N.i!~SJk��1J�frvli� tRiti'l�iltkTl ..�`.+ �H'£��+LT$.����'N:BC'tlRY1"a�"aU�.i�il'. �a�tkr # ,• g 3 1� 1 x or ca-e �,r y�• r. '2 ' xFie?� 3{�.u. ro� H:?^'ie1;'�T,',� 37�3 e `F7 >'`,,i.. "•� '"..!r'.1 I)�.tt. r�,•�•.. ,h, j5-,-r•zzz.f {ir:�, r.rnt'�.:p. "} ,t>� .,;. 'i�"rp,'�.kd..� �t ;R,..t"S'���j�,y .tu.��7'S, ..h�" ..,C�_.,�• �'t�i r h.. `'y �i"r i; •: , +^l'�.0�;i �,� �• � e'.� s,.F� 5, . �:t;. � �,� y�,,p''.ti:,*�,a .�s?1�.`,'�'�' ����U1�rm Sd�xtp�!}i ,�`�k�:��� .t. _j 5���' >z4��i'�.rd -y � v�F�_• ,�y yr,Ix r"�i•�.Pl� e` .i. i+,'17'.. ''n� •y:.79F''. ry+,. i �T{iLR`�n++,� '� $y�.' .y� >..�4"7 9y+ H",c< t•. J .k y �.fi R.y �. ° Y.�kv . p. i' t c '� u`L` i;, ,�yu-"i4➢� @;�...���4..! 1 ��.0 5."r�f„",•,s•Gf4i'a '�.�,�'. .i�.yfi-• ,� pl,�r',�+t}��-� "t'���t�� �,-`�`�"��M •f!.^�,Y.�UL) ��,gyp,;, ���1+' ,, t�,�".3�: � J� 7 !y .xcaifl ..Lx} 1.. �fili�,W.;4 ,a; z �i�'•�u'�JSw.� Kai t�:v � t'f` �`•f �� t y.tt a r then Contractor shall imtticct7_ata:ly deyist t'rat'A7 and correct such M violation., t �J 5,• Prohibition Aga?�nsue;. D;i.sc3;iminat ion , A. Generally ..,...,....._.•..-..,....,....a,..,.m...•...•., ,w •._....._.,.e.. ._ .�� jty4S "t Cc,ntractor. , in the execution, performance or attempted perfor-• PS manse of this contract and agreement. will not discriminate against t any person or persons 'because of sex , race , religion , color or K: ? t nat_.ional or c;in, nor will Contractor permit its : arse., , members , �FF•; agents , e1ployeast subcontractors or program participants to engage in sucP,. discrimination . ' S. Ernployment. vu 5t+ During the performance of this contrast Ccritractot: agrees, avid i will require all. Of' its Subcontractors t:.o agre•:*e, 'As follows- " ( "1 ) Contractor will not discriminate against any employee or applicant for employment because of race, color , religion , sex or national. origin . Cor7.trac°tor will take aGfirmative action to ensure that applicants are employed and that ' employees are treated during emplo mont without regard to their race, color , religion , sex or national origin , Such 1f action shall include ; lout.: not tae 7, irniter7 to, the l-ol],oty?- ing .- employment , upgracli.ng demotion or transfer ; recruitment or recruitment advertising ; layoff or te''r,`t'!kC'!a- . tion e rates of pay or other forma of compensation ; and selection for trai.ni.nn , including apprenticeship . Contractor agrees to Post in 4.ortsPicuous places ,, air a i 1.abl e to employees and applicants for employment, e.np�loym_itt, ne7tice.s .�rt�- w., tine forth the provisions of this nondiscrimination ks ,r}c clause „ �t ' ( 2) Contractor will , in all solicitations or advertisements i t for employees placed by or on behalf of Contractor ,, state that all qualified applican � s will receivo consideration t , for employment without regard to race , color , religion , +� sex o'r' national origin , -: Ca Age,; Handicap In ac_cordatrc e with the policy of the Executive Bra,,4h of the s fir} federal. government, Contractor covenants that neither it nor any of �y its officers , members , agents , employees , program participants or .,J subcontract ors, while engaged in performing this-, contract , hall , in a t, i t connection with the employment , advancement or discharge of gym.,. yy ployn�!s or :in connection with the terms , cond�i•k ions or pri°�r �.lege•s of T them.' employment , discriminate against persons because of their age i19,i�A j,.. or because of any handicap, except on the hasp. '-, of a fide Sy, r n� P r !" •cz.. n.. .. 'n' ,.:r1 "SWi24• ,.•"lu. ...Ay, o-' ,'9h i ar' ux °1 i' '�;Yf3,te..�r1, W&'�.2�:a e�,,^: �. �r�I�eKm ia'�P��N�1�r�'aG.S (�il�',�i'fSi`l MIAMI �!-'�� ••�',!la .7 , flu.;v �4^�t n,.,fa „,�5,c, ., .. ' .4. {.$ i ,- 1 yy-.{'; i•f.�¢_ }y� y .t"i^i "�'i3.ynr .'%Fu•r 1,�5"Y',. yC ±. 1's .f4r .�' _��< . .; r' �,2,, ,'i ,s'4rr�;:: ,%�•- i ?2r_ '4 N.I+,+ 4 •�1. � �r.r, .s+,y �. ..'�• •, !r {,..,<<S,y�:eE� «_E•1 ta ,t_ , a r'300 . .a. a. ., = , )I .s ;sus ,,(-r„1. ice.I +Jr.'Y`F :`i, •1s. 5 '� '.c�. �1 ''i„ WIN `,':�.,f, ':,•�r ; : � �akWyju :rw” �Esv���2S4ra+"ha" e� ja�t�aux`� t>1S$ ""r'>~.tic;�� 6r�°' � �# ,_� lkk��3}i'I .„,.s y i yy�I a Ci lr occupat ionaa.l. qualification , retirement }plan or statutory require- ment , Y ' 1? Contractor further covenants that neither it nor its oftict -c s, � members , agents , employees, subcon'trractors,. program participants , or persons acting on their behalf , shall speci L y, in X07.i.._it".atti.CnS oz. adver t p sement;s for employees to work. on Q Ls. contract, a maximum age limit for such employment unless the spe ifirad ma-zimurr: Face limit is r based upon a Vona tide occupational qualification , retirement plan f or statutory requirement. r S.hi`3 agreement is made and entered into with reference specific-- n � ally to the e+rdi.nancey rtodi-fire';' at C:haptear 37, Article III , Division. 3 ( "Discrimination in Employment Practices" ) , of the City Code of the City of Fort Worth , and Contractor hereby covenants and r• agrees that rees tha ~ Contractory its nfficerC v members, agents, e I �l )�CGc., and � ,Lil"a~° t� 7J contractors , have fully complied with all provisions of same and T�t:s 3•i -applicant o program pa L i 1an has been that no employee, e l yee discriminated against by the terms E 1' t of s iC K ordinance by either the 1 f Contractor or its officers , members . ;1 n employees or subcon- tractors . i.... t. v r Jj t,t.i�nt�of'< 1 tractors. 6u Prohibition ,Altai"ns",. :4nt, r„ of f#f` No IIIember , offiC,rvr or employee a CL;.'y or its designees or �tt agents ; no member of the governing body of he lo( ._t n which sh a r tx�, program is situated ; and no other public M1G""t.A of such or localities. who exercises any functions or responsibilities .d . ` s; rr++ t respect to the program funded hereunder during his tr�nur i-:a >e 1,*Oi- `.1• yea.L thereafter . shall have aI`!'a1 interest, di.rect;, or indirect, in any 't contras or subcontract , o1: to proceeds t:.;1e L;of a ;.o 4` Y�,• contract:� Et v c> � , t � � r.- work}�: 1t v l;?s performed }1;•?1.1!'{.11"1der . Contractor shall incorporate , or vau e Lo he i incorporated , like language prohibiting such interest in all con- ! tracts and subcontracts hereunder. a � No of f: i. cerr ,, empiloyeeF member or projc:a{n participant of ' r' Contractor, or its subcontractors shall have a Eincanc.°ial intere'`s' , 1S A direct or indirect, in this contract act or 'tTha::,' monies transferred nere.- under or be financially 'interested , directly or indirectly,ly, in the x sale to Contractor of any land , ma'ter' ials . supplies or services e k: purchased with any funds transferred hereunder , except on behalf of i Contractore as an officer, employee, member or programi partioi,:rant, J Any wi. 11f l v .i.c�;Iation of this praragi-aph with the lknaw e-d'5 .x , expressed or implied , of Contractor or its subcontractors Mali ' this contract voidable b� the City o[ Port Worth. 1t a %. Mon.-Assignraent F Contractor will not assign any of all of its rights or r;;sj=Q--• r > bi.lities under this contract without the prior written approval of �33 City Any pur;:,r'ar: tee a ssi.gnment without such approval will be a his } breach of this conttraM and vold in, all respects . r s t Cr'y�" c, qa rr r. fi iw SR 5',T J g ,q.7•x a a r r grwu. n^ 1 h�.. ' '`_•'+i7:13� M'4 *u 1 +3'n :5rn��vaC2 � i37swc.l at. ` •,:Yt•,5�•?ia`' a,gfF;.]!oii�'.11Y.trr N'. Ls�is1!. .toai6''i�(n. .SiR,'.'txiLl�l?tiu`1'5GI:'h?r• lii'!d4�!'7flif•I.?�'f:`SiI GEY�kks”Ff; l�?"rr9W'li7.x3'ld9c.,..tAY.=rm �. ,, .y. r •,r.ra r•- ''�:-irK:>�?" t�l�' i..,:Ki. ,xrev 4�^TM.,�x � '�A1°"�"�•Y,�BLit a{2��' �'�`� "k"�.�;4�`tl"#F h f ��' e'�*y R .1 ��nl:Ea p l ttyes't�n. its , ,�{ .�• r: 'S'. �'t � ?i �-�'�� C4' ,�l v T.S � ``+� :�, �ri: � ,lsi�°�rF"'' � ,yiazh�,;xt �i .k c.�E<� M 1 z 3 it'' c- .�a;� i`a�. '� i 'Y�t Y. ,{, r'} nC•. (�„'.M`.Y t.t�'1.,.G� <?;" .� r� ':tM' y ,•gk-t(�r.�t7F,i,.;.�t; :4 e 'kra :altr l.� t'�. Ji z�. j!'I,�'�. .s'r�•}? i ''' ;�?7 tt,-t r >- ,�,`�oT I'r= in i ;, 'd,•` i'�•.i'u'�.e, "fi ru��F'. rSd 2�c.�,+ �, ?�•.,C. . "1 tv '{, „± E 4�6t' 4`•-.`.� fi�`l r.z,., .M'.R - 'kd':... 7 �'£�'.�s-Jt�3.�,�f�•...� u� I M;�ir ...�.ra ,.c�Y/u.�:r ai 'l-.'..` .'dtw..5 Yj.>.... c✓..• d i •ir, rt t £t,,, Independent t:a_n �° Fct,� e ~_......._.d._..._. Contractor shall operate hereunder_....a s a�n�independent C 'r t r c C t C and riot as a!'r officer , agent, ;tJrGciilt <,r:; er(Irloyee O. City . Contra!".— o tar shall I-aave :3�,cc jusive control, cif , and the exclusive right to con- s 9 trc:le the details °7f the wrc7Y- and ser�rices performed hereunder. , and all persons !e.r t a r n i same ,y and J� solely re sp ons itble for tr the acts and U.missi.Ons of its officers , members , CACeE jt;s , servants , employees , :;yubcorstr actors , program p<art.ic.t.Dants , licensees or in- ,r va.l.ees � The cat�cti-ine of r,espondeat superior. shral.l not apply as tie° :.4YP,,.tiTl f ' .1�< �<yptk`�tC? <:St" � ire �lff°.iC42L � r �lubnoZ'g � -,C -- I s :i TL{i�C?fi r eICL�llaye^es @ subcont;.ra.ctor a o program port=•!:; i f°�!9 i S g 7. :�C�2?�C��a Or 1I3 i3.r10, nothing here;irt stiall i e constru,t d c15 Crr-- i.a'?9 F Prtltec shi.�� car {t-) int< en..ter�}rise between City and ConLr'actor It it I• expressly unders1tood Ganid agreed thhat:. iro C.jfficY"r , r"CtcTrlt3er , aC(erlty '. t: employee, subcontractor , l,icerlSee OY' i!"t?!':i"tee t7:C the i::trlt:r�r-.{" Gr y Y"1raY_' '1 any program participant hereunder , is in the paicl service of City t and that City does nc]r_ h,:.tctcy the legal right to control the details a of the tasks }er. farmed hereunder b_y Cont_cacLor , i.t:s officers, mem-- s, „ t)('_'L'St agerlts , Or(l�>layG'G.`sp Si.1k7CC3r1�trclCtCtt's , j.�'!:C)gl: c'1rC2 ,�ap." t1. CZ�?c3Yil:.Sr lijensees or invitees. ..!s"1 c. l �;' any ry � City shall, in no stay nor_ undo °n cir.cumstanceG iJe rre stpc,r,sztale ' , _ belong ii°t to Contractor , i.ts °,fficer'�� , members a for any property � g agents , employees , subcontract°)rs program toartic:i.pants , IicenE3eeS � e ^ Y s > n °y'1, '( i .l or in any way � car invitees , vdk,ici'a tray, be lost , .�t:cl...::.n , c strrJy'•::c. damaged ; ai d Contractor_ h rely inderr'trt:Lfi.es and ho:lds hat rn).ess City and its oA:ficers , agents , and employees Fran anc::t aga•:i-nsst any and all Claims or :suits . Ih; ° . Indemnity; Insuranc:eg Bc:r.�ad. p E _ _ Contractor covenants and agrees to indenini:f:y, hold harmless and r ' defend , at its own expense, City and its officers , agents , servants • i°' ti: and employees fr'(. and a°fain t i:any and all claims or suits r:n r- �}roia- er~'i:.y loss or damage and/or L}eY �car.t-wl injury, L luding deatt to any and all of what.,soever kind or &iara(�t er , whether real. or > r : i connection with the xecutzon , per-for- assertcdY - ' i_5rg ouctoi : t -- �l mance e attempted per forinance Or non-pe; fo~marice of this contrast at d agreement and/or the operations , activities and services of' the pro- not described herein , whet. :,r or eat c,aus�at; ,. in o'ta?.e or in part , 1` icy alleged neg.l.igen°:.^!, of officer's , agents , servants , emplo,rrees , contractors ar subcontractors --)r City, and Con t~rac,toz" hereby assumes all l:i..abi.lit ,r and rertit�rrlst.t)il.iry of City at 7.t c>l icTrss %a1°:ant•s , tservants , and employees for any and all claims or suits fa. property i l°:} ss or da-aage and/or personal. injury , including death , to any arad t, whether cl.l }. persons , �J t whatsoever kind r)d t'�r i" a C"�.e r y I'e.Z 1, or { a��S�rtCJ!i, «r'"�.s:t.rl7 cut t]f Ot' in ;:' £3nr'c 'i i() 1 t�r:itt'1 t i'1:: �?.�°:;LlC3.ctna perEC3r.° xd lticlrl6"G' q �ti4�J1T1ptr•''d js�!'l'C1t''Ytili'li°r') C'?r: ?')t:Drr peY'ft�X'I1L1C1G�? C7 I: this contract �11AC� 4r i, agreement and/or t.be operations; :,-jc-f"r.47itie:s and services of the Pr(:)-- 4 gr;am'r� d< StvY 1.f�C?C3 `herCa:l.tly ir7t7f?the r Cyr Slot I:.rataS°"i9 in "vrfi©lP_ ':fL in '�Jr1Y'C f ? ,ru � Y*EVS �5 .*ii?II�t 9r ?iefa "6i T k 2s's6i?l�l nvcs?t ti n1 7L ohb2r lxrdi.,7 rs l IN b'7 Y+4- J AaEs`'n 3�- U �:ff"M M , l � U .�. t• •,!U} ,.`y� �R, {I�'• s..''�!�^,i^�'.�m o � Via•. y 6 �,.�'.rz�r,7. rr�j'r�s'"�;"'•�'-Y'n!n .� 1 ��.tt�v�°T^ ;A„ip1e yj'r' 14f�>I'rT•'t',.15 1;+ F 1'{n�,7 1(4"`G PhP 7 4 ,�q2 lit �S�Y'. 'y .'4n.1 .' •! i'f.ty ��-?f?�y. `%' J� fR4:'`l. '!`!.`]'i Zt.�v`..y pyi ji( ,it'{ r!}�y:y u:. !a4-L,..i1d'�GFfy��;, t'''A.t•,,7� 'I�i r���e e "crr, @�` �' ,I7",. ,: !1 OV,• .. s ;..I r F!'� '.s�''.NY ''�L;I!r . Ift'd .,1�t} �(1N t, .F'b r S ql'V ° is �1 t,+ �4 r. y t k ( [ ..•r. .3 c r- ,{"to i�l�i"r.3' 4.aiY'J �;� ' GY:,�y 3 -, ."E"_�, ,.%, i.,y�+I .r. { ty :;nom If iy k•, �?fe �rpJ`l r Y � '.` tyt., d',. �Gi• ^Fa4 �3'7 y 'y ._a,�K-'�+,_:�InLa •.„ tik '1'?.E. }Tld'a.�s�` _F� `'fi7. R`., {f+F{,',��ah.e { jf r,=lfpt�. 7 •7` �3yt. ; Mill.;�.MF •� A�S'�€�E'�'k�=:.;;uuG`} ,�J°' Cif i'vJ "Tt.; uy`:iFEeI:`i L 'L'4• .Ll' c 1 LCa``'"f! J1i t�.jk5lsy t_i�afw'`��` a ,l�'J�a7.v iriL;�.vf w sd It 3 � itisssd•;{ 'y'.3fi nJ+dPi`Yi�:Y{i ;K" f t� l:'I zil by alleged negligence of officers,s agents, servants3 (:-!m��.oyees con- tractors S .� 7 P �' 1 9 tractors car subcontractors of City , Contractor" likewise covenants and agrees to and does hereby indemnify amd held harmless City fr'r.m ' and against any and all injury, damage, or destruction of property of GC City . arising out of or in connection with all acts or omi°`-+sir)ns of �c y }, Contractor, i.ts officers , members , agents 'employees , subcontraQ- G t=i rs, invitees , licensees , or program participants, or caused, an ' whole or in part, by alleged negligence of officers , agents , ser- vants, e mployees , contractors or subcont.r actors oE City. Contractor will maintain a blanket fidelity bond in the amount t ,Df $ 100, 000, or the amount of the contract. whichever sum is larger , fhrt9� to insure against loss from the fraud , theft or dishonesty of any of , z Contractor 's officei:s , agents , trustees , directors or employees . `.t.'he proceeds of such bond be- hall used :> c to reimburse City for any and all loss of CDBG monies occasioned by such misconduct, To e [Eect uate such reimbursement such bona shall include a rider stating that any loss or losses thereunder shall be made directly to City for the uses and b,.,.,3nefi of Contractor . @ t t '10. Waiver ofµ �ri�zrtuzri t y t; If Cont:ractor , as a charitable or nonprofit organization , has or claims an immunity or exemption ( statutcwy or otherwise) from and �1tu against liability for damages or injury, including ;leach, to persons, or property. Contractor hereby expressly waives its rights to plead defensively such immunity or exernptieara as against City. ah y° 11u Public Liabil7 i` ...:.y III-urt� r[G� ' ._ i Fr Con t..ractor shall. furnish a cKertiEicat.e of insurance as proof that it:: has secured and paid for policies of public liability a nd t automobile liability insurance covering a.l.l risks incidenit, to or in connection with the execution , performance , attempted performance or t�. non^-performance of this contract and agree=..m,:at� The amounts of such insurance shall not be leas than the maxi.-- x� mum liability which can be imposed on City under the laws of the State of Texas . At present, such amounts shall be as fol.iows:; , Property damage, per occurrence $100 ,000 '{ Bodily injury or death , per person. $250,000 Bodily injury or death, per occurrenc l $500,000 6r.�jy w� 4 ' r ' 'dent. f., Contractor r with the understanding and agreement ,y C°ry it t:.hat such insur. - f p ance amounts shall be revised upward at City ' s option and that Contractor shall revise such amounts within thirty ( aft) days Eallow._ ' ing notice to ConttractoY. or- ;L.ir.h requirements, fr t 7 f' 1 G r'1 � t �I�i���`v'��IFe}S5+`���(d:?'�k:: Wtylk'I�J°j��IlltJlt4Sb1GiY�'Xa�'uaj •tR �. � I���/t T_aY Yq Y'. %a '{'.��'~�-.,;2:���I.My'"-c�y:'kr:,YI?d�''E�sy 4--x.a S•.'�a 1t,�'r uv§.�•'!.'I`;Ye:i>L�,°s"=t�ry•=�.•.�B�Lyy't�'"'+f,w,�.,.,a 7�l`i r�ry 1,..t��!:�^�u���l'R�s�;;�n�t NONE s'.lR. �m�a ty} 'R ��22 �'^�.fn'.f^fl:r y.�a...rf�.d.i}. �'kt T.i.t#�r:,:t'$'G i�'�r^,}'•S,j,�w1ry.;y�''"�.{}'.;.},,n,�.�-.'°t��t't�'�!rE N.--i�n-i i�l:;r".�.a y;rJ-}2:'hii�tr+F `<'};i!��+'l,;`�y"'r'��i Km�Mfs i,is it(i.'{"�'?'��t�,{i i1:'V k��iEC'1�; F'.'�v"'�.�`,.i��t?'�.ct�';,:,�„t`kt?��ir i Eirg'4 Z J,5n�`!4 a i1"p i7 p,:�s.:i.'u�p`.!M�r!i�J t r t qi{f�l!.k;;.;!C���f'�P�'f,�c?r�[n y�.rr:S i• fr'•}} �g 444 i Contractor also covenants and agrees to furnish the City of For Worth with :a certificate of :insuraace as proof that it has 3, obtained and paid Or a policy of Workers ' Compensation insurance in ;xa ti: the amounts required by State law, covering any and all employees of Contra4 z active in the program funded under this contract ; and Contractor agrees to require its subcontractors to carry adequate �+ Workers ' Compensation Insurance in the amounts required by State �Y. law. M Contractor will submit to City documentation that it has Otltdint?d insurance CQVe'r,..1ge dS`rG1 has ?3GL-'C.'utCud bC3ni.'1:a as r'E."q4rl.Led in sf° this contract within thirty ( 30 ) days of the execution of this con 12 . Termination A " City may terminate this contract whenever ankh t.:eg-rn_ination is r determined to be in the hest interest of City , in event of x Contractor ' s default , inability or failure to perforaa or to r'omply y' with any of the terms herein , or for other:' good cause. Termination will be effected by written notice to Contractor, specifying the portions of the ct:, ntrac;t. affected and the effective F date of termination . Upon Contractor ' s receipt or such termination noti.cer Contractor will k (a) Stop worts under the contract on the date and to the extent: ' R4 specified icy, City; nth } (t:,) Crease expenditure's of CDBG monies , except as necessary for completion of the portions of the contract, not terminated; and ;:t t (c) Terminate all orders and contracts to the extent that they � relate to terminated poCt9.t7nS of the COtltrdt'E:y Contractor will return to Cit:;y any unused monies previously distributed under this contract within thirty ( 30) days or the effec- tive date of contract termination . City will have no res3c-)r i . or liability for Contractor ' s exl enditures or actions occurring after the et t::e,ctive date of contr'act t=ermination ,. j t�l 13. Miscellaneous Provisions All terms of this contract shall apply to any and all subcon- tractors of Contractor which are in any way paid with CDBG funds or who perform any work in connection with Contractor °s T�rczgr�ar�a Yz } The provisions of this agrF?oment are severable, arid , if fc-�r any reason a clause, sentence paragraph or other putt of this agreement .t, shall he determined to be invalid by a court ow federal or state agency , board or commission having jur i.sd?.ction. over the subject; itX'tj 12 M tEit'��k .'9., "`'�7 Sc�`.�u.�`:E�''sV.�..'�v�I C-`r''J'�.'��,'.�'�SS'.'aG•y{ ':"ky.a;3:t:,b7rL5D iE'dY�d7;GrS.'HCr.G'a"v'?,�'a:,?-11�:8..x�"-.s,.•^'46u,.'�4T'�'E".:s:3�5'1852'�"s:�::s:°ssusecassza��.�;u.:n,:ev,irumcnea-,..,.n.��.re,•�x.,,e.,,..,..w_.......,._....�__.._..._ 7 s,v4'^ ,;Y -,v ..gip"" cis.(•cy:.�'r ,vr5Li54er"' .'S ` ni..'iJja�nT tls;'tri'{.i ]„S M '•5 ,,rcr �. �A `� iiF�7t k P 'W, . Jmfg: r� r' ,, to 6. 'i 1�• 4 ; y fI m,. tD. ..4 y`,[9 Ur,�;"y.cia•7ft` 1 .e U: ;��' 1.. ,, . G irk• d 1 ,V ^a' TQ} S a1� iES t.ttc i tM errs 8rr`�;�.uo*F.c rs'" �� r1ns1�.+��` 7...tr'�:•txt 3 ! matter thereof , such inval .-Ldity shall not affe0.tn o-her p. ov is ons rt ! wPhlCi't can be '3i.v n effect without tt3e lK3tTC L13 or=oviSion. " a, f21�. J.ur of. City to insist upon the performance of any .term or provision of this agreement or to exercise- any r ighi h�:i:e}an con - or shall. not h� construed as a waiver or relinquishment t.4-# any 1 P extent of City' s right tc <j:� ;er t or rely ui�c,n arty ,i_tc1� te r dtt r� J on any futiure Occas)-0111- Should any act ion whc.!t:.t'1F�;° real or asserted , cat. lawn or in . !f ~� equi*y, ar'i:se� ,:.,7.at off the execution iarrforrr�4ance ,, attempted iaeie fo .. ,.. c t mancwe or norl_pei fc.?'Drmance- C h- � contract and �igreenien};:y ��enue for said action shall l i-r:, in Tarrant County, Tc-X aS, ; This ul T- ittt?n instrr-ument ar1,.j the exhih .t..s attach ed ideretoy which �R are incorporated by r,eEerence and made a pN x`t of this contract for all purj�«Sr , , c41:� �tit1?tc� the entire agreement between th-� l hereunder. 1�er: a�.r. concerning t1'#,e �c�rlt and se�-v I ces to b , per ...oL'mcd i 'k and any Prii)r_ or contemporaneous , 0c111 or written agreement which �ur��:�rts to Vrrt: ;l �rcUlll the tc�rizls t't'ereo.0 shalt be vc+iclu any ardtcn:3mf�r; ts to the terms o f this Contract. mur�t be an writing anc! mast be M.•, approved by City, � IN WITmESS WHEREOF , the pdr ti ies hereto have executed four i . � V.4rth , 1r "a' ~ C lntya Texas , this G t G ; r ' � Port ` p7( = CITY F FORT WORTH ATT 17,3P �r �' rte'°• ��`'� t ' '' (�':ir. "v.. [!3 ! I L�.�F.; / ��:L•' L.:...�w... ._..a",r...—..,.,...,......_- Z l t re o i�^t-°1•"...•0 n Jf.!'fiira.ry 1 i ar'..'d0 arCi_ rJS�cr S Y a t c ."_.�....`.•^`x�: r y.��.�...... ' 7,n ag t� APPROVED AS TO FORM &ND I.,k'si;ALXPY: "y G r_yL-tor:aq y L4! 3 � .__�_.....-...-..._..,......� t'�R'.tY tAjLtjTt"{ ECONOMIC DEVELOPMENT M .# COR PC,RPiT ION BY r t ecr. etaryE fJa�_ Li4i�'<I�' Su1,l�.v,any I?3°eszCirnL ,3 e t r, F w l,. t a? r y,^'yd�ax tFx� a a I", x,{' ono,•6, h5 y r� tii rr 'S.{ ► i f�azm- �.,a b .i � G u�t £:�.4'�,.v�IF e:_s,e. fit^�%_ 1a�t 7..�:t..,�1 uu ���r a,�lG4���>a' J� trlrGt�'aL�tl�.3+ �+g��,4T",..,•„c r-1.tua id y,�-'_-r. �6 .�.kr.Y i3�w.ns.na..1 t.s�w-.,ix�',jt R fg�fi?v N•z twrL'n;rrea�.r.l� <v±y•.�'Iyr,1^,'4.t.,t9�-?k•Yrf.5f,'7 n�„�.�u`t..�,',�5..�u?5.�a.°5".akc�,v_:.ei+_�.fa;.,Rl),t.0,-._at F k1e;a..�t`�,�.a€=aJ"1 r`.�"-i.av.x` .�'.5.[.l'A_�^y.,;-tK:''x��1,,..,s;t;-v!�7"�4 x NOR . :a .t�£r P'Cu y,."Y:r.( i 5 t,II.s„`t�;}lua���R�<Y i'..C�8nr�L`4�£?'�k.i�i•�!�Pt t,:n;1}q S j�in", t SAM' HEy ta jLl , E iP'`#ty *` t I r� STATE rry F TEXAS l NAI7T i 7 h t�i J1 A 7 �.�71J i.tl d.� �it+ r1�l.�i.[{L�.f e L��Ay t " (BEFORE ME, the urlders.igaed authority, a Notary Public in and ,.� for the State of Texas , on this day personally appeared Ramon � Guaj ardo, known to me to be the person t+3t'ose lame is subscribed to the foregoing instk'ument, and acknowledged to me that the same; was s t: the act oE the City of Fort Worth and that he executed the same as the act c_yf said City of Fort Worth for the p arposes and considera- tion therein expressed and in the cap<r,city therein stated . 1,( GIVEN i1N,Ii RjKY HAND AND SEAL of OFFICE this _, day of t : A Hatary Pl STE ,kn an Lot the State of `texas t grit{,} OF TEXAS COUNTY OF T ri RIBANT r BEFORE ME , the undersigned authority , a Notary Public in and a;< for the State of Texas , on this clay personally appeared Leroy r t Sullivan , known to me to be the person whose Tlc" me i ;>tlbscribed to the foregoing instrument , and acknowledged to me that he executed t ;. the same Eor_ the purposes and consideration therein expressed , as q the act; and deed of Fort. Worth Economic Development Corporation and in the capacity therein stated as its duly authorized ofr auF r or representative. Ca_ VET{ UNDER MY HAND AND SOAL of OFFICE this _..tl�' '�.�`•.'...�w day of � } "Notary Public a.n an<,i 'rc„ the Si_at of 'T't�71 a N t -14- a' >I 011119- 01 .t•"F.ti� fa . .. ry �; •my__ �� M < ,�. zA .'?, :s;At �a�. •t 7 5�7� f�'. .Feat; ,�5� rEfis,:��. � ,S a 5 �.t'-r',� "!e;. iC .��+i•:�r�{• I L �,,; 1� �` ch." a�i. �Y�' -�+;� �r,,9r.,'��S�a4r?!^rY.krl•r:r :: {�� ja+ },�,+ n. ' .• �$-Y,ti - � ..-?H.. � , 'ena?L° ,�tst�' �,*,. .gy.�o-sIN �'� �;n,°i,�}��' �t�rr�.yt si. � !Fr '..I! p ,(�-,� ,,r°,.'rr �'�t'+y. fS:,. :ay+> f•.• f�� .. �yyt F . u .!{1..>j1...1 W,S r >r. i v.�T r-8 G S1'�:�'�i}�-r'i '*�k {' G 6 Ya+r.�: 'I�_y���•i � �r r�l. ( lily r;f � *�i r �.�'��a c� ulY:�'?�2�' ���'a=.3�.aa� y�� 7.=,.�`'����'�a'tsr.a� x:rM�i�.:3t��f .•�;rF10�'�m3�•�:;fi���VL i�����cr'�it?l�ia� �• G; n .taEU,.mGCW rDams•-resrser.:1L�.- ^m�LSra^✓'rata-u�ov6..eE.^'icz.'W."!5i!amuwcrtsx2;.+.+:_vk'rS Wryer'6T;I2.:.iTJR+�7e�11�,'+y� w.-• 1" .^sus::aae.:rJrya-mr�n.-�v.-e�N�J`nr wfLYSi�ctmuvr -r. C:: 1` AAARYf. o.n..... °_.._....»„ ....`..�....:..... ... w.......e,...•..�.'.�m..r...;p..s»......»...............»...,....v�"XCr]..._�.-��.-.-_r:SiT.R.'^'t�J= YJN rj9 Rol, PROGRAM TTTLE y�• ;?�:�.�..��>.,��.m:,.m,..._,..,._.,.rh.,...�.,..,,...,.......�,.,,.e....��_.e:..,Gti..,a...�,.,.°...�.<.�............. _..m.r...._.�.»..,.... .�.„.:,.».,.,,�=,,.e....,,.,.,.�. ._,�. .�.m.,.».d..�,..,,.m,..,w..,....W. a y+ ' Ravoltiting Laart Acirn3ntstraFton.T.�,,...,�.,..�.�=ra...,..:.�,.....m.....,.m,....._,...�.....,.�a..,,.°.ro...�.�_.,..,...�.��,.�.,Anmm.,,,�.�.....,,�.,.a..,�,.,�.°.._.».w..A».,,,,...ww.��.a.,�.,a..�... .,,� � �I 'YEAR X111 YEAR t`'W YEAR t1ak7' -PERSONAL SERVICES pry CO6,1 TRA C;TUd=1L SERVICES 102,566 t 1001000 1111092 � 11-3,082 CAPITAL OUTLAY 4 �r R C" 4° S102,566 r 00 000 x113 082 d $11' 082 'TPPRr7x;F f DESCRIPTION: FWEDC provides administrative s arvices far -the Revolving Loan Program which is designed to provide � �a r 'fixed-rcatt., long-teraa, ulexible financing at a reasonable prlc<a to small and m1norlty bustr?i.�sses located within t 1?u four CNN areas as• to thosF ttus l nessos Interested In l cacat i n g within this CNR areas,, Near Nor+h, Rlver,sade, Wear Southeast, and Mid South, Thai contract period Is June 1, 1989 to May 31, 3990. FIFTEENTH YEAR OBJEC.'TWES: `a To ornate new jobs. or, retain existing ones. To Improve the linlsogo of err,playrnen; opportunities 10 resid6rts of Fort Worth CNR aY'gsts. To Improv.. thra avtlIakili•y of an?picsymero opportunitias to Iow and modsr-rato inconei resIdents of 'that City of Fort Worth. ACTUAL s�` f Number of app ii rat Ions race,Ivend 77 96 95 Number of oliglbla coon appilca leans r' packaged 29 20 20 T Num"r of loans closed 6 is 7 iw lamb®r of marketing presen'ta-tlans _ 30 ; C` w �C4,a l k' • ��1:IiAG::i'nth",:CL�,:&iint.'t�[nut^JAS 'N11;,`.0.”rsauf!19R`Wg1~YL°.A91?+t.:nciiC�,{e its•i:.'xn«ina:lBtvnxr..5��im�.:memnsr;:1.ltWiw.n'�'1na3.s�erttY.:.r+X'.r.:nur�,Y.iT,nP�lw4.tae¢;,ci��77yK2:z,iGw.M1a¢«��CY'•'tlaN'13r1¢NJSICIghL:tv'.�WeiyMSUie94iry°riaAtv31Ltix6{ ��•'� i�a »a,3"�" ,' ..,,. la�� 1����1Id�..S,,�s`r��:�'�'r.��'• 4ia� �� r.�s'�`e�'t'`..��°`:�Ci�$Goy+z"..�J�ta;,�r�i��"�k�+-t-�r�io"vba�i'.m$m�irt�%�?�?}r��?'�."�'�a°sI�_°+i!r{''�'�"r. ' ffa'3#LM1itd^a'un..7 nw"�Ftx:'.f¢t�se:r,5>xan�zsvr�,,.,A�,a..�.,w,........._._..___.__._.... I an ,ri gG "'?h'.,CL'cc r'-.:,ri'^+` '"'°c-,i .>:'1. �rl.tfi. I.. "S""sr+ ,vik`!',�•, r"gr�^nn,�,_ s„y s �,�.,, "� (+� "Ip£F).v, ,3" ER' tF 4.i 0. °i°ern Mpf a !,. � + ,' a'" a1 ",f �f 1 xa4 4t 1 dam- ra d "� 1. r a( p '. ,¢ "^e�i4 .,,tom;,, a"rr. S;' -,da t-"cr-a t {W., �l a @I c Ott}q'',:Ar-'•"� d,�`•`.r y•tn,(K .;5, P..•r', Y' Ir >ia. 5i`,� ):•a .E '' g T :+•' t ti t. d. ,"t{' � '� „ i }� k u .. ,A.'' ° .ti 1I�3.tit' rlr: j� �C)4 4 '•�Ct ts7d5 � 7,� Xy, 1.try, d e , :�1 "`7L (r•f " °� i, iSI, i ,7, I �.�'"+. �i+^.t`����'t,.j. 'Ff¢a,,, P"� i�t, ri'^'f"`?. •; �•. c1 11 c�- r4� f¢h' ti,+,k?tt',;•;:,,�9fi 3' 1, 9�"�' v: . .7 t,. 9 ,3'. 1 �•f�' `1� ,� ��,�.,z.. a,�.S�, � ,�1a.�..•�lc:�,.� .�,w.�,.t,�r.�;,�`�'�-�k�-.`s' ���"-�.r�1�Sr��d,`���•1�art' �`�''71xt-0 �o �,�t�+� Ptt3l,�wAu..-...q E ! CITY OF P'Owr wt.)Rt?';i �� datdagcia s-. 8rz��ltl4o�rF nt g� BBUUSIHC hND 11MAN SkDV!4'7.5 iir.VAJaB'4'Rl:3dfi S)JaAa'1zro Ry PmcaOeJorA L 4:Ut^,1'RdJ @13n 1uFV�:a.UD'3ltE'd' J)1J3r;R( 6+iLd1P!'i Q+JF:vqu9A'eea 3'arzaAa,aFD RPaP15 '� O1SiRdt"rIU'('RttC`S: f na Ur-nct A14NUAL NINA I 1pp23va1 .:Far,reA-AP HIH +"I'll leage .0 b1 a L'�➢?•14t••Ski fJL'QIRdI'R2lFi'"i-UR, f'cx UJa la —.._„_.._. ,. ,staI Maleritgn ,'�a+grilal2u at A �utatrear r eaFattlz tkIHFRa F«q�tj. 3. }nJl)7U_t at 34s 6R9tP iDb>t>J;'r 16tt1U!a FRO, ou UQ-9%ijRACT0 a lcuti+dtDitif, LCU(k(MIC ifx.ILIOP(<9t:P�1 ... _sts_i nirssus;sitnrlr)rd _ ��� ._•••-�-..._,_y__._....�.,_��...._.� _..,.�=.............._...TD5P,1,_ '____.._____.._._,.,_..,..,..,...,.,...UIi.I�R SUUP(( .,.....,_._.»_... 2 E i D'- Will ^t� _. ftsoi�Aii LJie /r:r.c� 51)U N1G" q _. ._ _ . wa ,•� ..,..»a . d ii ti n PJn eul i _ ^r a n' � Y- ( SJneR�]P t,VRla:n 2•_— '>4lIaC '—""' ._/, _.»._ 4D=.—.. ..... '_�._ : ---'-.-•°-�Ps;� ....Uf3 i », Hid..,4.': _7 2 111.r A tl1 <++w,,, ,«.W.._,e....,.—....-._. ........�tt:... _ ,..•...,,.,.�,'rG::._,....• r,..�»,... s 50Q 101 �5U0 �fu «Z�S,.._ Y } i«,� �ta t A4 ,•T eOtti , 9 d Uycr uc tii _Su6aUliAes'.�•�,..»_..._........,-... _5 D :123 �� _Feud iL�..lc'.R'�1 n•~r� ..,,..._....._ .. _ ..,. :..,.,........._.�.-..,.....,., ,�..w. -'���,,,�,.,....,,,..» .—Ma It)t Ile ii— 500 314 e.� I » @t uP lm�uut A,tna_ taaocF.i,a _100 312 wo ti: »,.,...�!•'��,l.a.:2S1�,!k-4i'.�fr)..P�.t?I3y�1..{�._.�d'�) :t�.c.�'�Lld�_�_...�Q__Q��i95_M �..�G`t...._.� _�'{GJ�� ,,,...N >.,»�e...,,. �� f iittl:(lJAl_,_SF.:11 VIuz ._, .__� _w ,� , «,�.._,,..._..�� _•» ,i.,41 �: SF'Atn D0,11 e w U 5 12 Utillwt 500 500 Sort- Rent _1S 11dn l uU 1 Luetl,!@lUtF*isiv .�_�5 _ 590 55 i Lire 500 942 500 00 �, , �. e-R.c�L�etiP«ei'..�'.-�Si°Lt•.L.�'Fa._......._,"....,,,,_ ,.<,UtD `,@,i_ -P � 1 .,..,,,... Al� }1[1 R:1 1 t V l iV I i tP--.. ....W.�.,".. vw..-...._ «. ,.i)i rD ^•_ rl t1 U _ �..,..,.»....Ja/��7L-,.,,.._.,.,m.,.......«, •--�.,.A...,,.,�a_+oac.wma.,n t. 501)R1,:)ursancu -5.UU !t, _+t A (�-T, 111 1tu-!aa �P,1crld Ac�:l;u�Ftin kt _ -S()C3 Ut)._....-�,-�. Ili: U[IJe_f4 d tr Auto Aiiuo�-Uut rll fuwil� r 51)t) 1+r ��'"` GuuoP.9_rc'a_iJll urr5i LeP,rd<:atluts� ,) atiAFr .. Ata _ 64)�0 _ a U 1114L -r,vA aF ti� G 1P..DaE.a'.�S�I L�..�:>c`£wlx..9�........�........,-..__ 5 r _...._«.... .,........,........_........ ._.._._.-.-.... ...,,,,.., A !(j' Soo ?77 _ 'yl SUib-Cd)R11't'�t3C r'(tdt'6 t:J:.rd'Rd'4t ._._.. _......, �.2 Uf1 ._.„..R...:...............,,.,,,»W >+t :Aa'ltJrl: P s:rr.tF; cirst •craaar, iaicnrrrmiJ Faa� Rs,4en Non Ritr. { Of aacr.aarwt gild ilAtat sAtaia cur)tS valid and c3aF:dirbV d;F. :aRtPa 4he w?audU L. tioc: ,tpr,s ».a,ca., j� .•a N” l ran�,l in t), Most E.X etutive (?hector �sr 99aaae Sp J J t i a IIP ibut.11t)a 9 a:eA6 Of 1 dA=rr -_.__....... .... ......__._....-�_.__.-_-_.-_ _.--- 7i i' Ad TACIT: SLAB t 'SALARIES G((Aii. f� 6 5ff d BiJiS ',/R' y5 �s }�, t>: D�a�;�r.���?�s�Ei,`��:,.t,.�?.ar�tP�+���,�r� D��'•,��.��'�'tt�.�,�'��' j,�ittr�-` �.�ra'�f35d�4'"',t.,;'�' �F�`;"' 2 psi:.�?:�s�'7lLrtut.+,�di'�'',.�}•.F.aP���:�dt�az,�.r�u><�CdW�ttb"�!mr.�Jrf��nrs�';�>a.'��,,,uxrn;:�,,-,:�,i,�,,>W,:t,��tr��w,M.n,.� �l„!3 ��r.•y,> ,fR, loll', 2AY " ,t Fs •! � 1�. , a r� ? N >ait ,`w*. •.sir: .„,>iAI . �'h..,+ k' '�'`': s� '� " '� l` P�4111 2,;A,M v re!? 3�?" _.`e`+' '3.. '..>7'�. t r i 3j: .0 }.1 -.. •+ 3 e d } FORG, WORT H U1'010MIG DEVEl..OPMFMai' CORPORATION �N May 12n 1989 I BA Inf0sme Income l��.�' TWA. thyy,, 3e ADVERTISING ...�.... _.,....._w.... .�.�....,,....•.__.. ��aM.r ......�., 'P�t. SIR �u RecrmitMeat of f-,*Aployees 200 200 so 480 Solicitatiosl of Bids -0-- -0- ,; M. safe of Equipment -0-- 100 fir' Bill Other Advert I sefinevits 100 80 100 o Developent of Advertising Mater I Al S fir.? .•�- ..,. ... ... .., ..,m, „ �.,..M Total Advertising $200 $-0-' $300 $80 5 +' yt tY � .�L C �r lr,y� I i R� r j N, k �a. :.M .. <`4"uxT"n-mm a— M1 P, ' '.;,nr.,u^. a L L i h n, n Ty` .I t rt Vn"Moum _i,m"'Mrs , " , "{ '.x :arch �'i ^ ` sP"1z fl d 4mS a fi i F i rt ''t 4 m" °a '•�G :�`' °';n z ;:il�"fiw��' "Y>T' :a '.'.ryr.'9:C?F?r�`^•j't°y k d..���—•f` �ynyr 'r'', ::�i, r'7 '1"Y PGK�.v��t�,,^..''ti' R[�,.:l�Lf"'�-.�F ?�C.`i.;f?,i�'%!�k $.r f; .k i' .rk .yy �,,:.• .;S,�f+"o"�': .�fi!l. �,-" � 3 �7}J �(- � �. i �. {v, � -�� -„�- * rs i k.:-.°.`.F71.L..>,y? F�;}�!h"� i.�`t¢.{'i ,u :"tom. e u" 7 i.� ,d}f'�ta: r� v � r ..'iX�'. �1 i�; t�,�t�`a�!��':��•;a �•f�'.�rr[,.�� �t., � y'•"r b"a �'� a a'j• ,L-•!fc f �`gin r d!d°7 .fi y'C '�'v ".t��•ap ��: er�i��ls, � air�k� �. Yk72�E �U:l.�jh'1 4�. 4',�? V}�.'iG 7 ���'I;�,�a i 4?'up c�ia .� F; f .�n,� � "+.h _1n 1 y "s' to7��3 P SrA����'."' �. li•i ..�v .''�_'{'•,. .;Eu;Fs�`. :-rr •ii'F�T.��,��,�ff 4 .� h nk., I �� [.#,�� ��: F''c"",��`'s4;..� 3�:�.���' •�t::4.a�'�,u .i,t''r•c `F C. y?�i},y�,,Y$� "� .�� _ tl E ��;¢r "9 4FJ3SfiSia� i ? � £6°*a� li `rS$7�' irw $Y `sa ,, nEn ; Ksa �i: sv!Y� ' iary.1 [' -U I HORT918 ECONOMIC aEVELOP9131 IT CORPORATION REVOLVING i f FUNU «6 x°' (Incoune Generated From RLF Loan Processing Fees) ts to be Packaged Vwo at GeOeS tKS (Moe, Refundable as of Ju ae d„ 1989 otal RLF Income 2e200 i Use of L oao Collection Fees $ . k Ada Idr"ie,s 0 Rent 320 Wor€tshcps Serasirars (NDC ir;a"lning) 600 Out of Town Travel 400 Dues, Subscriptions, Ptabi icat ion,; 400 N' p Advert 811) x:•, lotal $2,200 Tp i' 5 � • �44sf t irrrc .t. s11 h?iigqi 12 Stu 'C ,,i ��;• ea ��� �c�r. , ,,.1� �.'°�' , { , z,,^ y y:�x;x 1<,-fikxn,�r,, gyN�����`�e �:zs f�,€1�G�� r� �r .n.,•, � n r— "'Art, �,r...,zaa iqw r " err} .i&ayr` t.t°� e i�� fir;5 r � fit �;�'°`OS 051N. :,.}, j}.�l� ,=f i t. 'si�, q e' -- �5 iP 2S �'. r.'j.e 5'mu r P'^'^ r,,.� Y PC ' 1. �irs{ u,}�T' '.�7;� � �P.,�;q}.!'"�,.. r} .0 tt,,,,,�,, � �� ' � �"�`ku >'� •�ty ', f: •$r� �r ,�•vu �N:.;{3� n w r1$ =i ,r' „• h:�'Nh�"�Fr�1,. �f �'�� �d�7�' �t��r ;! F,�� i 15 :a,.. te2i iYt w� ��'r���� r!'y,$� �.i,,, �p�.,'� , '�t.t}x?�tiry; ,•{4 „r N. �IrY?�ty4..� � '��'„ ' �•, H-u �''G"� ll y� � ¢ ;5§.r�'�g• a� �> �t o-;'�Y'--,'._' F 2� ..9�t !•r�.l•'' _ ' .i? °' �'+'r2 a<, -wy#�. .1 9 .•*,•- ' 1 ,,xtY i;^.,..,�i,i, l 7. -f"�izl :^ t.'�X::,- �7t'.t,, a�t� `4`•t'EI .•� �S .,II�' .f'm�.;�:`: !�'r ..i. } '�; «4 .�' � 4��,. ,tL. ak,�•� �r;.'ta,�„- ,ni• xt+r + ';"i�i,I�Y�a �C����'�-..0 4S¢3YmP� N1 PSSU �f� ¢;,., , gyry9 r' Cdd YY� Special i:'on'trak i~ � Thirteen Thousand Eighty—Two dollars ($13,082) vill be used to pay 60% of the ;salary, fringe benefits, and r'elea'sed casts of a Loan Servicing Officer~ whose duties, will include portfolio management, intensive handling of problem loans, assisting accounting with collections, working with �attorneq and monitoring :r business financial records, Meg M . it gm t F ti 6 i .L{ 4 � t ` 9 t,33 M 1 F;'4r 1+ 1 pti .:,� `� �{ n�.! tfTrfl},!n,�•'1t5' t�f`"�J" .` f '.; �' k,'m:}5 dS •�^3.>„ t�"9�n r���:'''� '.. 'S'C.s'9{�sr? S f' - a to .� .`ZV '�.. at: Yht1 -rh.,i ,}"•>ti •. .�.^tiEr• rwr.r, .• T -y :7", $�` dp�.v,•;n,:•' 'ya, a F 7 s' "a'r 7,rs r a •u d'` t .t',� k y, ,f ,rr !.!.0 .r, . +E1115--11 A a 'l:fN.0 N � � 'r'-�8 ¢ �G' 'eY�+ „� �ttk 1 n. •t'T y. •1.. t•-",.�t 4` _ t nainbr• ,e '.x. , uu ,s c r.i Z' l r '1. I. i: :, r �i �C,a •�; ,w.t:� ', '�is�� r•n>�G� ��� ��:�� �: � �dtl�:�i,�•���i �- gm Exhibit "F" St 6 FDA Project N.D. - , 9 02,250 Grant for Revolving Loan Pond jup) ACCEPY hereby aCCePtE, �'"f.'i "�;+�� ��•�' ���d�'���°t� .. ,n,.».a�:iu���5�u�nu,.�..a,.,.,.,�,.w„�.�.,w..,.w,.,...Ym.,.,,..,,,t� 'u'j i' `•?•he incl"Son Of the following Special Te-rm and Condition fl �5 Y,n excea a, retention $.alto its s PIP Grant A reemont and agrees � to abide by the language thereof : S al The Gr ann;,00 agrees, co ap?e,'F?me the initial YouDd of loans reoar.Jting in the d.i.sburgsnsnaaent of all of the initial RLF capital, to rel oan the 10 an s a repayments at an adega,tiste rate to ,avoid retaining r; bdiance of more than 25 percent of ttw Qr1j; cgpitali- 3.� xa•1;.1.'.on for more ti°An six tddran ha. Failure to feet this requirement may result in the, a;ar4antee hany,'nng t � �.� m4`..�'[ �° :x.w.«Fa,9 t' y p• t -s�C �d .0 �+w+,.v�lu Y:a� I.n� �fvtteKJl Stil .:nrJm.uaww.'awtwamrnmv tit (Grantee) E'h `,� / Rq�• �.Aw�4pqq 41a�ya � 4 �x / u11' ,....�m`'+•e. f �.,.n•..a.5.w+�':... r11 �. 4E ,{I, ! , J .dli Frrmm Moa4KUU�auWb'raaru>xv+ncWV�'wm�Wrat.a2[+xv�wvrcvr kk �,yS•a.'°"� (N:c sru„:�k� w R.a:n.ur�."wo»av+nt•..wn�wav TWO r 5�p`�,pIrVY�(f y ,y5 `�A4gy aaW"•nat't)• ':['av' tSTr 11'.a e^rnnvm n `-u,r l'�'"cP!rr_ .uun'm•MF..9NJ.multtn[4.InMV.SNA,mm�cGt..alvmC.tT '• �1!r �f �a 4, r, a rr I �rryry{N yy �' alpr. 1 Q1, _._...__. _ __....�.•.....,,..�...sw...+�..n o�.:nacwvmmrr�mrwwnr+nwc.�ucx,:uuw_w�uxaxGwrer,•��=LU:-.b�'ec^c^S��rGmiGa�,�•rK'XAS^)lacxkYi+PTaptAIU�X&�Fh'tiiaA:iiSYo'BIEfCR,1T':BW.'A[iS:SF1AtCSST�O r7.7t.L�ffa^<714?GtiTiSiA.:vCT1A6CRfiN.5151['•L`TS7�9P.IIuY1[9F7F7bu'll'I"J: �'l;. RUN n: t' +T�y�.��� (Yf "� t s ,,urwr ii. _��1E �r r*.is�;� t�i is r`�*�:�7,G�1�i'oF`r k '�. �S a. i! ✓ .q.x, r?�Fe �'�E•n: ?tLei"'- q. 5 ar•x f t ��...;O, - t�? ��t aHC ,a� :' Z.i fs.-.albr L a. ���...�G•�a �.s.t ,.�.,. dtfi�. �Z„V.:��cr•i'e;a.. .exa.: 3,• t Pa•ly,�,�.s,�v a3 �' yt:G � y of Fort "W`orth.., 1"eta'"s' d ��ai o a f d Council C o n m u li catid p 1 n �j( y+ryy.•xpy e+y-( Imo`^ 7+��, `S pp �€ v S 'I.n.n.w.mun+-+.rw+.+.......-.+.... ._......+...-,e....._..._...+.....n....ruw,.w.n .»nn......m.�.w...m._.n Md�u,T�J V I'11��I1 V�•"S�u'r.,1.�*�������1 asw.�.x...r:.w•s.n+w...ua.wm.w,=nnw......w. '{ a:r�,,r r�a� r�tear su PAGC I �ru,nt7ss� I��RUr�ING l..t,AN FUND (RLF) 2 4-25-89_ __.... RECOMMENDATION: �3 It is recommenrled that the City Council authorize the City Manager to: ` ` 1. Execute a contract with the rgr't North Economic Development Corporation A (k•WEJC) for the operation of the Commercial Development Revolving Loan Program for the period of June 1, 1989 to May 311, 1.990, ! #1- 2„ Ruthori ze the use of up to $113,082 in 'interest, payme-nts for administration of the Commercial Development Revolving Loan Program, � 1 t' 3. authorize the use of up to $559,954, and any additional repayments, x.{ •forseven new Comm��rc i al Development Revolving Loans, a e BACKGROUND: The Fort Worth Economic Development Corporation administers a Commercial i Development Revolving Loan Program which provides low-intere.srt business loans to businesses operating within the Mid-South, Near 'Southeast, Near North, and � Et < Riverside Coordinated Neighborhood Revitalization (CNR) areas . This program has operated since 1981 with an Economic Development Administration grant of $1,000.000 and $490,000 in CDBG matching funds . Administrative r'urae:ti can> of the Revolving Loan Program include continued marketing of the RLF program to the CNR businesses and bankers, scre&n4jdg, packaging, processing, and F t tt presenting loan packages to the Loan Review Committee, Funding for the administration of the Revolving Loan Program comes from interest paid on the x revolving loans. • The total interest earned in Year nIV, through February 1989, was $70,712, ' which represents a monthly average of $7,856, $100,000 of this amount was allocated for Year' XIV administrative expenses of the Revolving Loan Program. ' rf There is approximately $559,954 currently available for Revolving Loans of r . 7� K which $491,000 has been committed to loans in proces.s., FWEDC 's goal for Year �e6 1 X I V was the closing of seven loans . i`o date, seventeen l roan packages have been presented to the Loan Rev eat Cornrnii;tee of which eight laa4�c been tiipprrrveti Thr=ee clients withdrew their, requests after their loans were approved, bwo loans have closed, and three additional loans are expected to close . The Loan Review Committee has been cautious in approving high risk~ loans because, SO � Fk' 9 9 of the 31 loans made since the program began , one has defaulters, two ar,r_ � c rrrent,ly in default <#ad eight others are having difficulty in meeting tneir k " piayrrieril: schedules. i According to FWEDC, because of the curre:ni; economic climate and since it is a ' lender of last resort. taboaat 50% of its 'oan packages require intensive w rk Mon "he part of staff. Intensive 4ork includes working with a business and -its attorney, monitoring the business` financial records, anrr ensuring that 'insurance is current. 'f� �,....n.�,,......�w_.�,,....,....,.,...�....n....:.,.:...__.......:.._,<...._,....._�.,,..a....,_..__r".�v�,,...r� ....,r...�.�..,..__,...�,,...�,..�,n.,.�r.,,u.,�..,,...r.,..m,..,.�,,..._....._...,�.,_..,,..r,.�..A,x.�..,...��. �`{ ;�J`2�ss."15�'t�"'aT m". 3-•wy�•'� "'T5','%?AVM *iA! y.. ,f G'�}Yx' 4; t'a. ..r tL "!".,' ..� J,`^"e ' 't{PI ,,/�q;Ax41; y �:'"kkT, .i;`�� r•4v9'&P'k?E?'G�'r^:b"A"i_r'S3�C4"'�"c'Ji�':�.,..4e'f..'.,.�z,+�'�'t'u�,.,�3,GLr�y�x..cub..ragtx..!,..ua7t.:u'P�.�:�1:�;'n�;y.�ilik,..3.,s•.Sw d:�.S"�.� t�'bd'sM'Lv'ret�r'.>t fit'•E,rtii:Y"c'.�7�'�k� l�j�:k.Il€s,'n�iiLNk`���tFUJ.� 'LS3i�1 �iE',�5t,�_U'��d. fi'"4�,qn C,c,� w• c^ �7r'g '�. '!`.�' '�( tv.. � i�,.,s�:nr. `a' <rr�}E~' ,t't F r a"y,� ��`i}l?"`£ ''y���Y i tIE,J-'. JJ t,r; I'g:%�"�i n',i I a:�l4�,:�r3'd�ty b;a fin .t m,'ta.fir i�t mu��.,�.,.K�''.u P.a:'+^['�,°�'�x+d'� .,n' �",S t i 5'4't1��w�*�t',:�s t&�.w�'A�.,~, u a� �+v:, , :•`�1,F!!r t+i,}�Yi�5a.��;+�'n,y.t rs 4`d1�v=S?rt.'",�'?-M�.t:T 7�.c�<&i�^r r�4"��.'2 x ae�'''°,�G,.1(4��,�w�''`tr z�V`q�t�i�`;.51.'a t',cc`'r,i,F,��'�i�-:a ZW.'dSh,+;�";,t�y{�,'g,•CS.' r�v 7.astk€a•`ij'.,f{.,.f i 11117011 t S`11 1 � yft, ,.: I'lE DATE �r REF Q121" E 5tJfb.PEC'f:•� eft � Pd1a#- „yx Nuu�I7Er _.._....._..._. .Fi�t�.[�f: CCtM;aERC'�tll�CrC1�i:LQt�,1Fl�J1° I 4-25..,89 C-11608 REVOLVING LOAN, i=tlND (RL.F) 2_ m2 Due to the aMOUnt, of activity involved in hand 1 i ng loan, applications from the tinms, of' receipt through the, Loan Review Committee, HEDC's estimate that � 50% crf the i!Naas require intensive handling., and the number, of prohlerTr loans, ' staff is recommending that $13,082 he allocated for 60% of the salary , fringes, sand associated costs of a part-time- (601) Loan Servicing Officer. -, The tl:atal Year XV administration of the Commercial Development, Revolving Loan u . Program will not exceed X113,082. F'WEDC is also handli g -the Polytechnic ail Revolving loan Program with no additional administrative funding i During th• -,!-ir April 10, 3988, rrrcetingi, the Community Development Council unanim-ously approved staff's recommendation as presented. FINAN(CING: The $113,082 -for program administration is interest projected to be earned from 'loan repayments from June 1, 1989 to May :31t, 1.990, contingent and the Collection of actual interest, payments, and deposited into Grarst. Fund 76, Project Me., 206086-89. t . Funding for the Revolving Loans in the aerrount of $559,951 remains in Grant', Fund 76, Project: No. 206079-88. $238,352 -is part of the original allocation ; and the remainder $321-1,602 is principal repayments from loans already made. . RG:m/d6 rl tr'• rr� t f" ik,d rc� x'6t"PR,OVEI) =py 9 s' ;wsr5l•t+".kt:Yt:,tCi:.tr f,1j k.`.o9t '� City a�i a CITY R". THE � DISPOSITION I1'( COUNCIL- P=ROCESSFD BY !YtL� CITY t41AN:ICF.R'5 •ic OFFICE BY: Ramon Guajardo F] APPROVED OTHER PDESCRIPFr PP{` ORIGINATING f-) n}r' DEPARTMENT HEAD: Standra. Gonzales CITY SECRETARY FOR ADDITIONAL INFORMHTION t'ONTACT: ., Adam 2 DLATE .. _._.. _ _ , I. t fit'