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HomeMy WebLinkAbout064294 - General - Contract - University of North Texas Health Science CenterDocusign Envelope ID: 9CEB24E8-789D-48E5-B37C-BA5FD069771C CSC No. 64294 FUND TRANSFER AGREEMENT This Fund Transfer Agreement ("Agreement") is made and entered into by and between the University of North Texas Health Science Center ("UNT HEALTH"), a state institution of higher education established pursuant to the Texas Education Code, and the City of Fort Worth ("City"), a home -rule municipal corporation organized under the laws of the State of Texas. A. The City owns the buildings occupied by the Devoyd Jennings Business Assistance Center ("BAC"), a non-profit business development center that provides skills development, technical advice and access to capital to small businesses and entrepreneurs. The BAC operates from the James E. Guinn School Campus, consisting of three historic buildings (the former middle school, elementary school and gymnasium) on approximately five (5) acres of land in the City at the intersection of 1-35 South and Rosedale Street. B. Pursuant to an appropriation adopted by the 89th Legislature of the State of Texas during its Regular Session as part of Senate Bill 1 (General Appropriations Act for the 2026-2027 Biennium) ("Appropriation"), UNT HEALTH will receive an amount from the State ("Appropriated Funds") for costs associated with economic development and technology commercialization activities. C. UNT HEALTH and the City wish to enter into this Agreement in order to provide for UNT HEALTH's transfer to the City of (i) $450,000.00 of those Appropriated Funds for the 2025-2026 fiscal year, and (ii) another $450,000.00 of those Appropriated Funds for the 2026-2027 fiscal year (each installment hereinafter referred to as the "City Funds"), all of which will be used by the City specifically for operations of the BAC and programs geared toward expanding entrepreneurship in Fort Worth (including any contracted services) described in Exhibit "A" ("Programs"). The transfers are contingent on City compliance with the reporting requirements set forth in Section 4.2 and Section 4.3 of this Agreement. NOW, THEREFORE, UNT HEALTH and the City, for and in consideration of the terms and conditions set forth herein, do contract, covenant and agree as follows: AGREEMENT 1. INCORPORATION OF RECITALS. The parties hereby agree that the recitals set forth above are true and correct and form the basis upon which they have entered into this Agreement. OFFICIAL RECORD FUND TRANSFER AGREEMENT CITY SECRETARY Page 1 of 8 (UNT Health — City; Devoyd Jennings Business Assistance Center) FT. WORTH, TX Docusign Envelope ID: 9CEB24E8-789D-48E5-B37C-BA5FD069771C 2. CITY FUNDS. 2.1. Transfer by UNT HEALTH. Following execution of this Agreement and within 30 business days of the receipt of Report I, as defined by Section 4.2, UNT HEALTH will transfer the first $450,000.00 in City Funds to the City in accordance with a procedure reasonably acceptable to both UNT HEALTH and the City. The second installment of $450,000.00 in City Funds will be transferred to the City in accordance with the same procedure after September 1, 2026, and within 30 business days of UNT HEALTH's receipt of Report 2, as defined in Section 4.3. If UNT HEALTH reasonably has concerns about the City's use of the City Funds, as reflected in either report, UNT HEALTH will promptly notify the City in writing and the timeframe for transfer of City Funds will be delayed until the parties mutually have resolved in good faith any such concerns). The City agrees to deposit the City Funds into a segregated account(s) or sub- account(s) specifically designated for the funding of BAC operations and the Programs. Any interest earned on the City Funds in an amount of up to $5,000.00 shall remain the property of the City but shall not be spent for purposes other than BAC operations or the Programs. 2.2. No Rollover. The City understands and agrees that City Funds received by UNT HEALTH must be used only as permitted by this Agreement. The City will use commercially reasonable efforts to ensure that City Funds received by UNT HEALTH during a state fiscal year (September through August 31) are incurred during the same fiscal year. Any unexpended balances remaining at the end of each state fiscal year should be reflected in the reports detailed in Sections 4.2 and 4.3 and must be promptly returned to UNT Health upon submission of such reports. In the event that the City incurs such City Funds after expiration of the state fiscal year in which they were received by UNT HEALTH and the Comptroller demands repayment of all or any portion of such City Funds specifically due to that fact, the City will pay UNT HEALTH or the State of Texas an amount equal to the refund demanded from any legally available source of funds; provided, however, that UNT HEALTH will cooperate with the City if the City reasonably and in good faith disagrees with the Comptroller's demand and wishes to employ any available administrative or legal remedy to contest the Comptroller's demand, with the understanding that UNT HEALTH itself shall have no liability or responsibility in asserting or related to such a contest. 3. COOPERATION WITH STATE COMPTROLLER. UNT HEALTH will comply and cooperate with all requests of the Texas Comptroller of Public Accounts ("Comptroller") pertaining to the Appropriated Funds. The City will comply and cooperate with all requests of the Comptroller (whether received directly from the Comptroller or through UNT HEALTH) pertaining to the City Funds, including all requests for information FUND TRANSFER AGREEMENT Page 2 of 8 (UNT Health — City; Devoyd Jennings Business Assistance Center) Docusign Envelope ID: 9CEB24E8-789D-48E5-B37C-BA5FD069771C to substantiate job creation. Each party shall notify the other in writing within five (5) calendar days of receipt of any such request and shall cooperate with one another as reasonably necessary to ensure that such request is met in a timely fashion. As of the execution date of this Agreement, UNT HEALTH and City are not aware of any remaining duty, obligation or provision of information that the City or UNT HEALTH must undertake or supply to the Comptroller. In the event Comptroller demands the refund of any Appropriated Funds transferred to the City as City Funds on account of the City's misuse of such City Funds, City will pay UNT HEALTH or the State of Texas in a manner dictated by the Comptroller an amount equal to the refund demanded from any legally available source of funds; provided, however, that UNT HEALTH will cooperate with the City if the City reasonably and in good faith disagrees with the Comptroller's demand and wishes to employ any available administrative or legal remedy to contest the Comptroller's demand, with the understanding that UNT HEALTH itself shall have no liability or responsibility in asserting or related to such a contest. 4. TERM. 4.1. Duration. This Agreement shall take effect on the date as of which both UNT HEALTH and the City have executed it and shall expire at 11:59 P.M. CDT August 31, 2027. Any duty or obligation of a party arising prior to expiration shall survive the expiration. 4.2. Reporting for the 2025-2026 Fiscal Year. By not later than September 30, 2026, the City agrees to submit to UNT HEALTH a written report on the impact BAC operations and the Programs made on expanding entrepreneurship in Fort Worth during the 2025-2026 fiscal year ("Report 1 "). The report will include the following elements: 1. Specific metrics on the number of clients assisted, business starts, jobs created/retained, and capital infusion obtained by clients at the Guinn Campus; 2. Details about speaker series, seminars, forums and other programming provided at the Business Assistance Center, including the number of activities offered; 3. An explanation of how the Programs advanced specific initiatives and economic performance outcomes recommended in the City's then current Economic Development Strategic Plan; and 4. A financial report detailing how City Funds were spent, which includes a breakdown of expenditures by major cost category and the amount of unexpended balances, if any. The report shall be delivered to UNT HEALTH at the address provided in Section 7 of this Agreement. If UNT HEALTH reasonably has any concerns about the City's FUND TRANSFER AGREEMENT Page 3 of 8 (UNT Health — City; Devoyd Jennings Business Assistance Center) Docusign Envelope ID: 9CEB24E8-789D-48E5-B37C-BA5FD069771C use of either of these payments, as reflected in the report, UNT HEALTH will promptly notify the City in writing. In this event, UNT HEALTH and the City agree to meet promptly and to address any such concerns. 4.3. Reporting for the 2026-2027 Fiscal Year. By not later than September 30, 2027, the City agrees to submit to UNT HEALTH a written report on the impact BAC operations and the Programs made on expanding entrepreneurship in Fort Worth during the 2026-2027 fiscal year ("Report 2"). The report will include the following elements: 1. Specific metrics on the number of clients assisted, business starts, jobs created/retained, and capital infusion obtained by clients at the Guinn Campus; 2. Details about speaker series, seminars, forums and other programming provided at the Business Assistance Center, including the number of activities offered; 3. An explanation of how the Programs advanced specific initiatives and economic performance outcomes recommended in the City's then current Economic Development Strategic Plan; and 4. A financial report detailing how City Funds were spent, which includes a breakdown of expenditures by major cost category and the amount of unexpended balances, if any. The report shall be delivered to UNT HEALTH at the address provided in Section 7 of this Agreement. If UNT HEALTH reasonably has any concerns about the City's use of either of these payments, as reflected in the report, UNT HEALTH will promptly notify the City in writing. In this event, UNT HEALTH and the City agree to meet promptly and to address any such concerns. 5. BREACH OR DEFAULT. City acknowledges and agrees that UNT HEALTH's liability to City under this Agreement is limited to the amount of funds actually received by UNT HEALTH designated by this Agreement as the City Funds. If either party breaches any provision of this Agreement, the non -defaulting party shall notify the defaulting party in writing, specifying the nature of the default. If the defaulting party has not cured the default within thirty (30) calendar days following receipt of such notice (or, if the defaulting party has diligently and continuously attempted cure, such additional time as may reasonably be required to effect cure), the defaulting party shall be in breach of this Agreement, in which case the non -defaulting party shall have all equitable rights for injunctive relief or specific performance. 6. LIABILITY. TO THE EXTENT ALLOWED BY LAW AND EXCEPT FOR UNT HEALTH'S DUTY AND OBLIGATION TO TRANSFER THE CITY FUNDS TO THE CITY IN ACCORDANCE WITH THIS AGREEMENT, THE CITY HOLDS HARMLESS FUND TRANSFER AGREEMENT Page 4 of 8 (UNT Health — City; Devoyd Jennings Business Assistance Center) Docusign Envelope ID: 9CEB24E8-789D-48E5-B37C-BA5FD069771C AND RELEASES UNT HEALTH FROM AND AGAINST ANY LOSS, DAMAGE, LIABILITY AND EXPENSE (INCLUDING, WITHOUT LIMITATION, COURT COSTS AND REASONABLE ATTORNEY'S FEES) ARISING FROM OR RELATED TO THE PROGRAMS. 7. NOTICES. All written notices called for or required by this Agreement shall be addressed to the following, or such other party or address as either party designates in writing, by certified mail, postage prepaid, or by hand delivery: City: City of Fort Worth Economic Development Department 100 Fort Worth Dr. Fort Worth, TX 76102 Attn.: Director Tel. (817) 392-2663 UNT HEALTH: UNT Health 3500 Camp Bowie Blvd. Fort Worth, TX 76107-2699 Attn.: Mazen Barakat Tel. (817) 735-5174 8. COMPLIANCE WITH LAWS, ORDINANCES, RULES AND REGULATIONS. This Agreement will be subject to all applicable federal, state and local laws, ordinances, rules and regulations. Neither UNT HEALTH nor the City are aware of any law, rule or regulation that would prohibit the other from entering into this Agreement. 9. NO WAIVER. The failure of either party to insist upon the performance of any term or provision of this Agreement or to exercise any right granted hereunder shall not constitute a waiver of that party's right to insist upon appropriate performance or to assert any such right on any future occasion. 10. VENUE AND CHOICE OF LAW. If any action, whether real or asserted, at law or in equity, arises on the basis of any provision of this Agreement, venue for such action shall lie in state courts located in Tarrant County, Texas. This Agreement shall be construed in accordance with the laws of the State of Texas. 11. NO THIRD -PARTY RIGHTS. The provisions and conditions of this Agreement are solely for the benefit of the City and UNT HEALTH and are not intended to create any rights, contractual or otherwise, to any other person or entity. 12. FORCE MAJEURE. It is expressly understood and agreed by the parties to this Agreement that if the performance of any obligations hereunder is delayed by reason of war, civil commotion, acts of God, inclement weather, governmental restrictions, regulations, or interferences, or delays caused by unforeseen construction or site issues, fire or other casualty, court injunction, necessary condemnation proceedings, acts of the other party, its affiliates/related entities and/or their contractors, or any actions or inactions of third parties or other circumstances which are reasonably beyond the control of the FUND TRANSFER AGREEMENT Page 5 of 8 (UNT Health — City; Devoyd Jennings Business Assistance Center) Docusign Envelope ID: 9CEB24E8-789D-48E5-B37C-BA5FD069771C party obligated or permitted under the terms of this Agreement to do or perform the same, regardless of whether any such circumstance is similar to any of those enumerated or not ("Force Majeure"), the party so obligated or permitted shall be excused from doing or performing the same during such period of Force Majeure, so that the time period applicable to such performance shall be extended for a period of time equal to the period such party was delayed due to the event of Force Majeure. 13. INTERPRETATION. In the event of any dispute over the meaning or application of any provision of this Agreement, this Agreement shall be interpreted fairly and reasonably, and neither more strongly for or against any party, regardless of the actual drafter of this Agreement. 14. CAPTIONS. Captions and headings used in this Agreement are for reference purposes only and shall not be deemed a part of this Agreement. 15. SEVERABILITY. If any provision of this Agreement is held to be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions will not in any way be affected or impaired. 16. ENTIRETY OF AGREEMENT. This Agreement, including any exhibits attached hereto and any documents incorporated herein by reference, contains the entire understanding and agreement between the City and UNT HEALTH as to the matters contained herein. Any prior or contemporaneous oral or written agreement is hereby declared null and void to the extent in conflict with any provision of this Agreement. 17. COUNTERPARTS. This Agreement may be executed in multiple counterparts, each of which shall be considered an original, but all of which shall constitute one instrument. 18. ELECTRONIC SIGNATURES. This Agreement may be executed by electronic signature, which will be considered as an original signature for all purposes and have the same force and effect as an original signature. For these purposes, "electronic signature" means electronically scanned and transmitted versions (e.g. via pdf file or facsimile transmission) of an original signature, or signatures electronically inserted via software such as Adobe Sign. 19. AUTHORITY TO EXECUTE AGREEMENT. Each party represents that it has obtained all necessary approvals, consents and authorizations to enter into this Agreement and to perform its duties under this Agreement; the person executing this Agreement on its behalf has the authority to do so; upon execution and delivery of this Agreement by the parties, it is a valid and binding contract, enforceable in accordance with its terms; and the execution, delivery, and performance of this Agreement does not violate any state or federal law or any other governing authority of the party. FUND TRANSFER AGREEMENT Page 6 of 8 (UNT Health — City; Devoyd Jennings Business Assistance Center) Docusign Envelope ID: 9CEB24E8-789D-48E5-B37C-BA5FD069771C [SIGNATURE PAGE AND EXHIBIT FOLLOW.] FUND TRANSFER AGREEMENT Page 7 of 8 (UNT Health — City; Devoyd Jennings Business Assistance Center) Docusign Envelope ID: 9CEB24E8-789D-48E5-B37C-BA5FD069771C EXECUTED as of the last date indicated below: UNIVERSITY OF NORTH TEXAS HEALTH SCIENCE CENTER ED—Siglld ny: kiu, Vt6 4B868FB81C4F4A6... Signature By: Patrice Victor Printed Name Director, Contract Administration Title Signed on the day of 1 1/7/2025 , 2025. TCM Contract # 2026-0860 CITY OF FORT WORTH Op�' Signature Jesica McEachern By: Printed Name Title Signed on the day of dovvnn FORro9.�0 , 2025. p�,,o �o 0 Pvo osd Approved as to form and legality: Attested by: 0001-100 o� A?44b nnaoa By: By: Larry Collister, Sr. Asst. City Atty. Janette S. Goodall, City Secretary M&C: 25-0675 (08/12/25) Form 1295: Not required Contract Compliance Manager: By signing below, I hereby acknowledge that I am the person responsible for the monitoring and administration of this contract, including ensuring all performance and reporting requirements: Jessica Rogers (Nov13, 202511:22:53 CST) Signature By: Jessica Rogers Printed Name Economic Development Director Title OFFICIAL RECORD FUND TRANSFER AGREEMENT CITY SECRETARY Page 8 of 8 (UNT Health — City; Devoyd Jennings Business Assistance Center) FT. WORTH, TX Docusign Envelope ID: 9CEB24E8-789D-48E5-B37C-BA5FD069771C EXHIBIT A Description of programs supported by City Funds The funding utilized through the contract with LINT HEALTH funds the salaries of four (4) authorized positions that assist in the management and oversight of the James E. Guinn Entrepreneurial Campus including the Devoyd Jennings Business Assistance Center (BAC), development and implementation of the programs listed below as well as the annual Business Plan Competition. These activities are conducted by the Economic Development Department and the partners at the James E. Guinn campus which provides the framework to cultivate the next generation of entrepreneurs, create a robust pipeline of micro- enterprises and provide growth opportunities for established small businesses. The Economic Development Department identifies specific initiatives to address the challenges faced by business owners in Fort Worth and partners with other organizations to offer services that include: • Assistance with emerging businesses' growth • Building stronger connections between Fort Worth's entrepreneur network • Specialized assistance in understanding financial statements, start-up counseling, business planning development, and access to capital. The estimated salary and benefit costs for these positions is approximately $440,000. Any remaining funds from the contract after salary expense are utilized for additional small business educational resources for the Business Assistance Center clients. Program and activities conducted on the James E. Guinn Entrepreneurial Campus include free business counseling, mentoring and coaching to existing and emerging businesses in Fort Worth, training workshops on various topics, including business planning, sales, profit and loss statements, information technology, capital acquisition, marketing and market research. In addition, small businesses have direct funding opportunities through campus partners at PeopleFund, Alliance Lending and William Mann Community Development Corporation which provide small business loans, business assistance and financial education opportunities. In addition to the current programming initiatives of the BAC, the City of Fort Worth's Economic Development Strategic Plan outlined a number of strategies to become a hub for creative businesses. The funding utilized under the UNTHSC contract will fund staff activities related to these initiatives as well: 1. Continue efforts to build a "medical innovation district." EXHIBIT A TO FUND TRANSFER AGREEMENT Page 1 of 2 (UNT HEALTH — City; Devoyd Jennings Business Assistance Center) Docusign Envelope ID: 9CEB24E8-789D-48E5-B37C-BA5FD069771C 2. Continuing to expand the reach of local entrepreneur networking events and create new opportunities for face-to-face connection among the city's startup and tech communities such as Global Entrepreneurship Week. 3. Continuing to support initiatives that cultivate a connected and vibrant entrepreneurial ecosystem in the Fort Worth area through a comprehensive platform that connects entrepreneurs and business owners to the resources they need to launch and scale their companies. 4. Expanding access to capital in Fort Worth for high -growth companies. 5. Re -focusing the role of the BAC to serve as the primary connector/convener to address the need for support mechanisms aimed at small business startups, locally owned firms, and local small businesses. 6. Establishing a citywide funding mechanism to provide "gap" financing for small business expansions, startups, and relocations. EXHIBIT A TO FUND TRANSFER AGREEMENT Page 2 of 2 (UNT HEALTH — City; Devoyd Jennings Business Assistance Center) 0 docusign.. Certificate Of Completion Envelope Id: 9CEB24E8-789D-48E5-B37C-BA5FD069771C Subject: City of Fort Worth- FY26 Fund Transfer Agreement- TCM 2026-0860 Source Envelope: Document Pages: 10 Signatures: 1 Certificate Pages: 5 Initials: 0 AutoNav: Enabled Envelopeld Stamping: Enabled Time Zone: (UTC-06:00) Central Time (US & Canada) Record Tracking Status: Original 11/5/2025 11:25:22 AM Signer Events Patrice Victor Patrice.Victor@unthsc.edu Director, Contract Administration The University of North Texas System Security Level: Email, Account Authentication (None) Electronic Record and Signature Disclosure: Accepted: 4/24/2023 9:05:57 AM ID:4c58a062-b685-477c-88d0-390b60f08de8 In Person Signer Events Editor Delivery Events Agent Delivery Events Intermediary Delivery Events Certified Delivery Events Carbon Copy Events Kelly Smith Kelly.Smith@untsystem.edu Contract Lifecycle Management Coordinator University of North Texas System Security Level: Email, Account Authentication (None) Electronic Record and Signature Disclosure: Not Offered via Docusign Witness Events Notary Events Holder: UNTS System Contract Administration UNTScontractadmin@untsystem.edu Signature by: ED—S11—d atyiu. Ut; br 4B868FBB1C4F4A6... Signature Adoption: Pre -selected Style Using IP Address: 129.120.67.216 Signature Status Status Status Status Status COPIED Signature Signature Status: Completed Envelope Originator: UNTS System Contract Administration 1112 Dallas Drive Suite 4000 Denton, TX 76205 UNTScontractadmin@untsystem.edu IP Address: 35.170.89.44 Location: DocuSign Timestamp Sent: 11/5/2025 4:24:18 PM Viewed: 11/7/2025 9:09:00 AM Signed: 11/7/2025 9:09:07 AM Timestamp Timestamp Timestamp Timestamp Timestamp Timestamp Sent: 11/7/2025 9:09:08 AM Timestamp Timestamp Envelope Summary Events Status Timestamps Envelope Sent Hashed/Encrypted 11/5/2025 4:24:18 PM Certified Delivered Security Checked 11/7/2025 9:09:00 AM Signing Complete Security Checked 11/7/2025 9:09:07 AM Envelope Summary Events Status Completed Security Checked Payment Events Status Electronic Record and Signature Disclosure Timestamps 11/7/2025 9:09:08 AM Timestamps Electronic Record and Signature Disclosure created on: 4/21/2023 9:50:34 AM Parties agreed to: Patrice Victor ELECTRONIC RECORD AND SIGNATURE DISCLOSURE From time to time, University of North Texas System (we, us or Company) may be required by law to provide to you certain written notices or disclosures. 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City of Fort Worth, Texas Mayor and Council Communication DATE: 08/12/25 M&C FILE NUMBER: M&C 25-0675 LOG NAME: 17UNTHSC FY26 SUBJECT (CD 8) Authorize Execution of Agreement with the University of North Texas Health Science Center at Fort Worth to Accept Funding in an 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 an Amount Up to $5,000.00 and Adopt Appropriation Ordinance RECOMMENDATION: It is recommended that the City Council: 1. 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 2026 for operation of the Devoyd Jennings Business Assistance Center as well as renovations and upkeep of buildings on the James E. Guinn School campus; 2. Authorize the use of interest earnings in an amount up to $5,000.00 for the purpose of the award; and 3. Adopt attached appropriation ordinance increasing estimated receipts and appropriations in the Grants Operating Other Fund, in an amount up to $455,000.00, subject to receipt of the funds, 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) 2026. This M&C also authorizes the use of interest earnings in an amount up to $5,000.00 for a total amount up to $455,000.00 to be appropriated in the Grants Operating Other Fund for operation of the Fort Worth Business Assistance Center (BAC) 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 $6 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 89th Legislature of the State of Texas during its regular session as part of Senate Bill (S.B.) 1 (General Appropriations Act for the 2026- 2027 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, 2025. 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 will receive up to $450,000.00 during FY2026 and will receive up to $450,000.00 in FY2027. These funds will be used to administer the operations of the Devoyd Jennings Business Assistance Center (BAC), including three positions in the Economic Development Department, one position in the Property Management 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. Salary and Fringe will be funded in an estimated amount up to $410,000.00. Any remaining funds are utilized for additional small business education resources for the BAC. Indirect costs do not apply to this agreement. No matching funds are required. The table below shows the positions and the estimated % of salary and fringe that are anticipated to be charged to this program. Position Estimated % of Salary & Fringe to the Program Administrative Assistant (00000369) 100% Economic Development Specialist (10002560) 100% Economic Development Coordinator (00760028) 100% Facilities Coordinator (00760097) 100% If these funds become unavailable, the Economic Development department would determine a transition plan to discuss where funding would come from for this program. There is no Grant Application Repository number as the Economic Development department doesn't apply for these funds. Funding is based on a contract between the City and UNTHSC for the purposes as stated above. 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: University of Texas Health Science Center FISCAL INFORMATION / CERTIFICATION: 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 Other 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. Submitted for City Manager's Office bk Jesica McEachern 5804 Originating Business Unit Head: Kevin Gunn 2663 Additional Information Contact: Ori Fernandez 2606 FORT WORTH, City Secretary's Office Contract Routing & Transmittal Slip Contractor's Name: University of North Texas Health Science Center at Fort Worth Subject of the Agreement: Authorize Execution of Agreement with the University of North Texas Health Science Center at Fort Worth to Accept Funding in an 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 an Amount Up to $5,000.00 and Adopt Appropriation Ordinance. M&C Approved by the Council? * Yes 8 No ❑ If so, the M&C must be attached to the contract. Is this an Amendment to an Existing contract? Yes ❑ No 8 If so, provide the original contract number and the amendment number. Is the Contract "Permanent"? *Yes 8 No ❑ If unsure, see back page for permanent contract listing. Is this entire contract Confidential? *Yes ❑ No 8 If only specific information is Confidential, please list what information is Confidential and the page it is located. Effective Date: 11 /07/2025 Expiration Date: 08/31 /2027 If different from the approval date. If applicable. Is a 1295 Form required? * Yes ❑ No 8 *If so, please ensure it is attached to the approving M&C or attached to the contract. Project Number: If applicable. 106494 *Did you include a Text field on the contract to add the City Secretary Contract (CSC) number? Yes 8 No ❑ Contracts need to be routed for CSO processing in the followingorder: rder: 1. Katherine Cenicola (Approver) 2. Jannette S. Goodall (Signer) 3. Allison Tidwell (Form Filler) *Indicates the information is required and if the information is not provided, the contract will be returned to the department.