HomeMy WebLinkAboutResolution Fort Worth Local Development Corporation (FWLDC) FWLDC-2024-03RESOLUTION NO. FWLDC-2024-03
FORT WORTH LOCAL DEVELOPMENT CORPORATION
RESOLUTION
OF THE BOARD OF TRUSTEES
Authorizing an Agreement with the City of Fort Worth to Complete Road Work and
Beautification of Camp Bowie In An Amount Not to Exceed $1.6 Million
WHEREAS, in January 2023, the City of Fort Worth ("City") and Tarrant County
entered into an Interlocal Agreement to fund improvements for Camp Bowie Boulevard and in
April 2023, the City and Crescent Real Estate entered into a private/public partnership to
enhance Camp Bowie Boulevard;
WHEREAS, the improvements are meant to reinforce the gateway experience at
Montgomery Street and University Boulevard, create a sense of place, and slow traffic to help
activate the pedestrian experience ("Project");
WHEREAS, there is a deficit in the funding of the Project in the amount of $1.6 million;
and
WHEREAS, the Local Development Corporation Board agrees that it is a good use of
Local Development Corporation funds to help the City of Fort Worth fund the Project.
NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF TRUSTEES OF
THE FORT WORTH LOCAL DEVELOPMENT CORPORATION:
1. The President of the Local Development Corporation is hereby authorized to
execute an agreement with the City of Fort Worth to fund costs of certain improvements on
Camp Bowie Boulevard from University Drive to Montgomery Street in an amount not to exceed
one million six hundred thousand dollars and no cents ($1,600,000.00).
2. This Resolution takes effect from the date of its adoption.
Adopted is August 6, 2024.
By:
Name: Gyna M Bivens
Title: President
FWLDC-2024-03
RESOLUTION NO. FWLDC-2024-03
PAGE
Attest:
By:
S. Goodall, Secretary
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