HomeMy WebLinkAboutContract 62016CSC No. 62016
MEMORANDUM OF UNDERSTANDING BETWEEN
THE CITY OF FORT WORTH AND NEW VENTURE FUND
This Memorandum of Understanding ("Memorandum") is made and entered into by and
between NEW VENTURE FUND, a nonprofit corporation, and the CITY OF FORT WORTH
("City"), a home -rule municipal corporation of the State of Texas acting by and through its duly -
authorized Assistant City Manager, to document the relationship between the two entities. City
and New Venture Fund may be referred to herein individually as a "Party" or collectively as the
"Parties."
I.
BACKGROUND AND PURPOSE
1. City desires to have the Fort Worth Public Library ("Library") engage the residents of Fort
Worth by supporting education and outreach opportunities.
2. Library's mission is to build a community of learners, dreamers, and doers. This is achieved
through library services in multiple City locations, including programs and partnerships inside and
outside the library buildings.
3. New Venture Fund was founded in 2006 in response to demand from philanthropists for
an efficient, cost-effective, and time -saving platform to launch and operate public interest projects.
Its vision is an equitable world built on respect, access and opportunity, distributed power, and
advancement for all people.
4. Parties desire to work together with the common goal of increasing literacy rates in Fort
Worth, Texas.
5. This Memorandum represents the intent of the Parties to memorialize the understanding of
the Parties and their desire to ensure positive cultural outcomes for the residents of Fort Worth.
II.
TERM
This Memorandum shall last for one year beginning on the date that this Memorandum is executed
by the City's Assistant City Manager ("Effective Date"), unless terminated earlier in accordance
with this Memorandum. This Memorandum may be renewed annually under the same terms and
conditions upon the written mutual agreement of the Parties.
III.
OBLIGATIONS
1. Parties agree to designate a representative to coordinate all services to be performed
pursuant to this Memorandum. OFFICIAL RECORD
CITY SECRETARY
FT. WORTH, TX
Memorandum of Understanding
NEW VENTURE FUND Page 1 of 5
2. Library will co -host a quarterly New Venture Fund meeting at a mutually agreed to Library
location during the term of the Memorandum at no cost.
3. Library will attend other New Venture Fund meetings to host library card signups. New
Venture Fund will give Library a list of upcoming meetings where Library can have a table for
library cards.
4. Library will send youth flyer information especially focused on parent engagement to New
Venture Fund.
5. Library plans to hold at least one of the Library's Kinder Prep 101 sessions in New Venture
Fund's preferred service area.
6, New Venture fund will invite Library to their "Literacy Declaration" event promoting
literacy in Fort Worth.
IV.
TERMINATION
Memorandum may be terminated by either Party without cause with thirty (30) days written notice.
V.
CORRESPONDENCE
All notices required or permitted under this Memorandum shall be conclusively determined to
have been delivered when (i) hand -delivered to the other Party, or its authorized agent, employee,
servant, or representative, or (ii) received by the other Party or its authorized agent, employee,
servant, or representative by reliable overnight courier or United States Mail, postage prepaid,
return receipt requested, at the address stated below or to such other address as one Party may from
time to time notify the other in writing.
CITY
City of Fort Worth
Library Director
100 Fort Worth Trail
Fort Worth, Texas 76102
With copy to:
Assistant City Attorney
100 Fort Worth Trail
Fort Worth, Texas 76102
NEW VENTURE FUND
New Venture Fund
1617 Park Place Avenue
Suite 110-PSFW
Fort Worth, TX 76110
New Venture Fund and City agree to notify the other Party of any change in address.
Memorandum of Understanding
NEW VENTURE FUND Page 2 of 5
VI.
GO ERNING LAWNENISE
If any action, whether real or asserted, at law or in equity, arises on the basis of any provision of
this Memorandum, the venue for such action shall lie in state courts located in Tarrant County,
Texas, or the United States District Court for the Northern District of Texas — Fort Worth Division.
This Memorandum shall be construed in accordance with the laws of the State of Texas.
VII.
INSURANCE
City is a governmental entity under the laws of the state of Texas and pursuant to Chapter 2259 of
the Texas Government Code, entitled "Self -Insurance by Governmental Units," is self -insured and
therefore is not required to purchase insurance.
VIII.
SOVEREIGN IMMUNITY
Nothing herein constitutes a waiver of City's sovereign immunity.
IX.
LIABILITY AND INDEMNITY
Nothing herein constitutes a waiver of New Venture Fund's liability or requires City to indemnify
or hold New Venture Fund or any third party harmless from damages of any kind or character.
X.
RIGHT TO AUDIT
If any money is exchanged as part of this Memorandum, then the City shall have the right to audit
the financial and business records of the New Venture Fund that relate to any monetary exchange
under this Memorandum ("Records") at any time during the term of the Memorandum and for
three (3) years thereafter. It is expressly understood that no money is being exchanged as part of
this Memorandum.
XI.
SIGNATURE AUTHORITY
The person signing this Memorandum hereby warrants that he or she has the legal authority to
execute this Memorandum on behalf of his or her respective Party, and that such binding authority
has been granted by proper order, resolution, ordinance or other authorization of the person or
entity. The other Party is fully entitled to rely on this warranty and representation in entering into
this Memorandum. Should that person or entity not be authorized, the terms and conditions of this
Memorandum of Understanding
NEW VENTURE FUND Page 3 of 5
Memorandum shall be binding as against the signatore and she shall be subject to the terms and
conditions of this Memorandum.
[REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK]
[SIGNATURE PAGE FOLLOWS]
Memorandum of Understanding
NEW VENTURE FUND Page 4 of 5
IN WITNESS WHEREOF, the parties hereto have executed this Memorandum in multiples.
CITY:
By: C> �QQ
Jesica McEachern
Assistant City Manager
Date: Sep 20, 2024
For City of Fort Worth internal processes:
APPROVAL RECOMMENDED:
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By: Midori Clark (Sep 12, 202417:16 CDT)
Midori Clark
Library Director
APPROVED AS TO FORM AND
LEGALITY:
NEW VENTURE FUND:
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By: Lee Bodner (Sep 12, 202414:51 EDT)
Lee Bodner
President
Date: Sep 12, 2024
Contract Compliance Manager:
By signing I acknowledge that I am the person
responsible for the monitoring and
administration of this contract, including
ensuring all performance and reporting
requirements.
By:
Jessica Dean
Administrative Services Manager
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By: ( ATTEST: F........°wo9
Andrea Phillips o o=v
Assistant City Attorney
By: U
CONTRACT AUTHORIZATION: Jannette Goodall
M&C: N/A City Secretary
FORM 1295: N/A
OFFICIAL RECORD
CITY SECRETARY
FT. WORTH, TX
Memorandum of Understanding
NEW VENTURE FUND Page 5 of 5