Loading...
HomeMy WebLinkAboutOrdinance 27214-10-2024Ordinance No. 27214-10-2024 AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE GRANTS OPERATING OTHER FUND, SUBJECT TO RECEIPT OF THE FUNDS, IN AN AMOUNT UP TO $455,000.00 FOR THE PURPOSE OF FUNDING OPERATIONS OF THE DEVOYD JENNINGS BUSINESS ASSISTANCE CENTER AS WELL AS RENOVATIONS AND UPKEEP OF THE JAMES E. GUINN SCHOOL CAMPUS; 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 2023-2024 in the Budget of the City Manager, there shall also be increasing estimated receipts and appropriations in the Grants Operating Other Fund, subject to receipt of the funds, in an amount up to $455,000.00 for the purpose of funding operations of the Devoyd Jennings Business Assistance Center as well as renovations and upkeep of the James E. Guinn School campus. 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 26453-09-2023 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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: --p- olfk-� Assistant City Attorney ADOPTED AND EFFECTIVE: October 15, 2024 CITY SECRETARY b Jannette S. GoodalI City Secretary IF �y q�� a ®��® oo t�o00 0to duo plc ° �a��0000000 pis City of Fort Worth, Texas Mayor and Council Communication DATE: 10/15/24 M&C FILE NUMBER: M&C 24-0885 LOG NAME: 17UNTHSC FY26 SUBJECT (CD 8) Authorize Execution of Agreement with the University df North Texas Health Science Center at Fort Worth to Accept Funding in the Amount Up to $450,000.00 from the State of Texas for Operations of the Devoyd Jennings Business Assistance Center as Well as Renovations and Upkeep of Buildings on the James E. Guinn School Campus, Authorize Use of Interest in the Amount Up to $5,000.00 and Adopt Appropriation Ordinance RECOMMENDATION: It is recommended that the City Council: Authorize the execution of an agreement with the University of North Texas Health Science Center at Fort Worth to accept and receive funding from the State of Texas in an amount up to $450,000.00 during the State's Fiscal Year 2025 for operation of the Devoyd Jennings Business Assistance Center as well as renovations and upkeep of buildings on the James E. Guinn School campus; Authorize the use of interest earnings in an amount up to $5,000.00 for the purpose of the award; and Adopt attached appropriation ordinance increasing estimated receipts and appropriations in the Grants Operating Other Fund, subject to receipt of the funds, in an amount up to $455,000.00 for the purpose of funding operations of the Devoyd Jennings Business Assistance Center as well as renovations and upkeep of the James E. Guinn School campus. DISCUSSION: The purpose of this Mayor and Council Communication (M&C) is to execute an agreement with the University of North Texas Health Science Center at Fort Worth (UNTHSC) to accept and receive funding from the State of Texas in an amount up to $450,000.00 during the State's Fiscal Year (FY) 2025. This M&C also authorizes the use of interest earnings in an amount up to $5,000.00 for a total amount of $455,000.00 to be appropriated in the Grants Operating Other Fund for operation of the Fort Worth Business Assistance Center as well as renovations and upkeep of buildings on the James E. Guinn School Campus. Beginning with the 79th Legislature of the State of Texas (2005), the State's Biennial General Appropriations Act has appropriated the amount of $3.1 million to the UNTHSC for joint economic development and technology commercialization activities of UNTHSC, TECH Fort Worth and the City of Fort Worth (City) for renovations at the James E. Guinn School Campus and Business Assistance Center operations. In the 88th Legislature of the State of Texas during its regular session as part of Senate Bill (S.B.) 1 (General Appropriations Act for the 2024- 2025 Biennium), the State approved funding in the amount of $2,913,082.00 for the partnership between the City and UNTHSC for the two years beginning September 1, 2023.Of this grant, the amount of $2,013,082.00 has been appropriated to UNTHSC and TECH Fort Worth and the remaining amount of up to $900,000.00 is allocated to the City during this biennium to be received in two installments. During the biennium the City received $450,000.00 during FY2024 and will receive up to $450,000.00 in FY2025. These funds will be used to administer the operations of the Devoyd Jennings Business Assistance Center (BAC), including four positions in the Economic Development Department, and programming with other partners housed at the historic James E. Guinn Campus. In addition, portion of the funds will be used for renovation and maintenance of the Guinn School campus. The Guinn School property is located in COUNCIL DISTRICT 8. A Form 1295 is not required because: This contract will be with a governmental entity, state agency or public institution of higher education: UNTHSC CAL INFORMATION 1 CERTIFIC The Director of Finance certifies that upon approval of the above recommendations, receipt of the grant and adoption of the attached appropriation ordinance, funds will be available in the current operating budget, as appropriated, in the Grants Operating State 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 responsibility to validate the availability of funds. This is an advance grant. Submifed_for City Manager's Office by: William Johnson 5806 Origin g_Business Unit Head: Robert Sturns 2663 Additional Information Contact Robert Stums 2663