HomeMy WebLinkAboutResolution Fort Worth Local Development Corporation (FWLDC) FWLDC-2025-13RESOLUTION NO. FWLDC-2025-13
FORT WORTH LOCAL DEVELOPMENT CORPORATION
RESOLUTION
OF THE BOARD OF TRUSTEES
Authorize the Continuation of the Fort Worth Main Street Program, and its related programs
and contracts, through FY27 with additional funding in a not to exceed amount of $300,000
WHEREAS, Fort Worth Main Street Program pilot period will terminate at the end of
September 2025;
WHEREAS, due to the success of the Fort Worth Main Street Program, the Board of
Trustees ("Board") of the Fort Worth Local Development Corporation ("Corporation") finds that
it, and its related programs and contracts, should be extended through September 2027 with
additional funding in a not to exceed amount of $300,000 budgeted for the same;
WHEREAS, the Corporation desires to enter into any additional contracts, amendments, or
necessary related legal documents to facilitate: (i) the reassignment of the Polytechnic Main Street
Pilot Program agreement from SEFW, Inc. to Texas Wesleyan University and extension and
funding ($210,000) of the same through September 2027; (ii) the extension of Historic Northside
District Pilot Program agreement, funding ($160,000), and technical support with the Fort Worth
Hispanic Chamber of Commerce through September 2027; and (iii) the extension of the Main
Street America agreement and funding (not to exceed $70,000)) through September 2027 with the
inclusion of additional training, assistance, and program development components.
NOW, THEREFORE, BE IT RESOLVED THAT:
The Board of Trustees extends the following programs and agreements through
September 2027:
a. Fort Main Street Program and agreement with Main Street America;
b. Polytechnic Main Street Pilot Program and agreement with SEFW, Inc.; and
C. Historic Northside District Pilot Program and agreement with the Fort Worth
Hispanic Chamber of Commerce.
2. The Board of Trustees authorizes the execution of all additional contracts, amendments,
or necessary related legal documents to facilitate this resolution including:
a. The extension and assignment of the Polytechnic Main Street Pilot Program
agreement from SEFW, Inc. to Texas Wesleyan University
b. The extension of Historic Northside District Pilot Program agreement with the
Fort Worth Hispanic Chamber of Commerce
C. The extension of the Main Street America agreement with the inclusion of
additional training, assistance, and program development components.
RESOLUTION NO. FWLDC-2025-13
PAGE 2
3. The Board of Trustees directs staff to budget an additional amount not to exceed
$300,000 for the requirements of the resolution.
Adopted this June 24, 2025.
By:
President
Attest:
Jannette S. Goodall
Corporate Secretary