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Home My WebLink About064233-A1 - General - Contract - Downtown Fort Worth, Inc.CSC No. 64233-Al FIRST AMENDMENT TO CITY SECRETARY CONTRACT NO. 64233, A MANAGEMENT AND IMPROVEMENT SERVICES AGREEMENT Fort Worth Public Improvement District No. I (Downtown) This FIRST AMENDMENT TO CITY SECRETARY CONTRACT NUMBER 64233 ("First Amendment") is made and entered into by and between the CITY OF FORT WO TH (the "City"), a home -rule municipal corporation organized under the laws of the State of Texas, acting by and through its duly authorized Assistant City Manager, and DO TO FORT WO TH, INC., a nonprofit corporation ("Contractor"), acting behalf and through Andy Taft, its duly authorized President. WHEREAS, the City and Contractor are parties to a Management and Improvement Services Agreement for Fort Worth Public Improvement District No. 1, the same being City Secretary Contract Number 64233 ("Agreement"); WHEREAS, Contractor identified a need to reallocate certain funds between budgeted line items; WHEREAS, on April 28, 2026, the City Council adopted an ordinance approving a revised Fiscal Year 2025-2026 budget and five-year service plan, taking into account the budgetary adjustments; and WHEREAS, the parties wish to amend the Agreement to incorporate the revised budget and five- year service plan. NO THEREFORE, for and in consideration of the mutual covenants, promises, and agreements contained herein, the City and Contractor do hereby covenant and agree to amend the Agreement as follows: 1. Exhibit A to the Agreement concerning the Budget and Service Plan for the District is replaced with, and superseded by, a new Exhibit A that is attached to this First Amendment, which is incorporated into the Agreement for all purposes. 2. All terms of this First Amendment that are capitalized but not defined have the meanings assigned to them in the Agreement. 3. All terms and conditions of the Agreement that are not expressly amended pursuant to this First Amendment will remain in full force and effect. OFFICIAL RECORD CITY SECRETARY FT. WORTH, TX First Amendment to CSC 64233 1 of 3 IN WITNESS WHEREOF, the undersigned have caused this First Amendment to be executed in Fort Worth, Tarrant County, Texas. CITY OF FORT WORTH: By: Name: Jesica McEachem Title: Assistant City Manager Date: 05/25/2026 DOWNTOWN FORT WORTH, INC., a Texas nonprofit corporation: 2�� By: AnMy Taft (May 19, 2026 07:44:28 CDT) Name: Andy Taft Title: President Date: 05/19/2026 CITY OF FORT WORTH INTERNAL ROUTING PROCESS: APPROVAL RECOMMENDED: By: Christie Simmons (May 21, 2026 15:45:33 CDT) Name: Christianne Simmons Title: Chief Transformation Officer APPROVED AS TO FORM AND LEGALITY: QL!lcC.l.2 By: Name: Trey Qualls Title: Assistant City Attorney Contract Authorization: M&C: 25-0813 (September 16, 2025); 26-0265 (April 28, 2026) Form 1295:2025-1329300 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: ��.�,1.e� Name: Crystal Hinojosa Title: Economic Development Manager �F FOq} �4p `t," City Secretary: �s o By: U Name: Jannette S. Goodall Title: City Secretary OFFICIAL RECORD CITY SECRETARY FT. WORTH, TX First Amendment to CSC 64233 2 of 3 Exhibit "A" City of Fort Worth Fire Year Service Plan - Mid -Year Adjustment Public Improvement District No. 1 - Downtown FY 2W26 FY 2LW FY 27l28 FY 28M FY 29130 REVENUES PIDAssessments $ 3,110A= $ 3,258,107 $ 3,323,270 $ 3,389,735 S 3.457,530 COFW Payment in lieu of Services 183265 IM763 194,426 200259 200,266 COFWAssessment 4O8,D05 408,005 408,005 408,005 408,005 PID Generated Revenue 90,000 90.000 90A00 90.000 90.000 Total Budgeted Revenues $ 3,875,493 $ 3,944,875 $ 4,015,700 $ 4,087,%9 $ 4,161.801 Use of Fund Balance $ 48200 $ $ - c S - Total Revenues $ 3,923,693 $ 3,9"JM S 4,015,700 S 4,087:..999 S 4,161.801 EXPENSES Management Fee $ 660200 S 693,210 S 727.871 S 764264 S 802.477 Ambassador Program 704,000 739200 753.984 769.064 784.445 Holiday Decoration 185213 25.000 30,D00 30,000 100,000 Landscaping 140.000 100,000 125,Dw 125.000 125,000 Maintenance & Operators 1,305,500 1,28d,000 1,300,000 1,330.000 1,430,000 Marketing&Research 543„600 47020t1 swam 500.000 550,000 Newsletter .4.000 9.000 9.D00 4.000 9.000 Security Enhancements 13"0 13200 13200 13,200 13200 Transportation & Planning 269.450 207.100 217.455 228,328 239,744 UbLdies 9,500 9,500 9.500 9.500 9,500 AnnuaLReview 6,DD0 1000 3.D40 3,000 3.000 Billing Services 1,320 1,= L320 1,320 L320 City Administrative Fee 75710 78897.5082 BM14.00895 81759.9723 83236.02147 Total Budgeted Expenses $--1222 $ 3,919, 1E $ 3,770,6" $ 3,W4,43er S 4AW,= Contribution to Fund Balance $ - # 315,248 $ 245,057 $ 223,563 $ 10,879 Total Expense $ 3,(23,693 $ 3.944,875 S 4.015.700 S 4,087.999 $ 4,.161„801 Net Change In Fund 8atance $ 148.200) S 315.248 $ 245,057 $ 223.563 $ 10,879 Fund Balance, Beginning of Year $ 654,335 S 606.135 $ 921.383 $ 1,166,440 $ 1.390,003 Estimated Fund Balance, End of year $ 606,135 S 921,383 $ 1,166,440 $ 1,390,009 $ 1,400,882 Reserve Requirement 605.059 628.S% 644.201 691,959 691.959 Over (Under) Reserve $ 1.076 S 292.817 $ $ dlia,044 S 7W,923 *FY2026 Assessment fiats = 5.125 M&C Review Page 1 of 3 A CITY COUNCIL AGEND Create New From This M&C Official site of the City of Fort Worth, Texas FORT WORTH �''� m7_A 0 A4 ;1 4 N 4 ki [4 Kelel Z/_1LTA 1 :4 CODE: G TYPE: CONSENT PUBLIC HEARING: 03PID01 MIDYEAR FY26 SUBJECT: (CD 9) Adopt Ordinance Amending Public Improvement District 1 - Downtown Fiscal Year 2025-2026 Adopted Budget and Five -Year Service Plan; Authorize the Execution of an Amendment to the Associated Management and Improvement Services Agreement with Downtown Fort Worth Inc. to Align with these Changes; and Adopt Appropriation Ordinance RECOMMENDATION: It is recommended that the City Council: Adopt the attached ordinance amending Public Improvement District 1 - Downtown Fiscal Year 2025-2026 Budget and Five -Year Service Plan to reflect amendments associated with a mid -year review; and direct the City Secretary to record the same in the real property records of Tarrant County, Texas no later than the seventh (7th) day after adoption by the City Council, Authorize the execution of an amendment to the associated Management and Improvement Services Agreement with Downtown Fort Worth Inc. (City Secretary Contract No. 64233) to align with these changes; and Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the Public Improvement District 1 - Downtown Fund in the amount of $48,200.00, from available, unreserved fund balance, for the purpose of funding mid -year budget adjustments. DISCUSSION: The City of Fort Worth's (COFW) FWLab Department administers the City's Public Improvement Districts (PIDs). The City's PID Policy outlines the need to proactively work with the City's PID management companies to oversee the services being provided within each of the PIDs. PID 1 - Downtown (Downtown PID) is managed by Downtown Fort Worth Inc. (DFWI). On September 16, 2025, City Council adopted Ordinance No. 27982-09-2025, approving the Fiscal Year (FY) 2025-2026 Budget, Five -Year Service Plan, Assessment Plan, and Tax Year 2025 Assessment Roll for the Downtown PID. After conducting a mid -year review of the Downtown PID's budget, City staff and DFWI has identified the need to amend the FY2025-2026 budget to increase appropriations by $48,200.00. This adjustment reflects the use of available fund balance to support program enhancements. The contribution to fund balance, originally projected at $1,800.00, will be reduced to zero. The expenditure adjustments are primarily attributable to preparations for increased activity from World Cup visitors. In addition to PID Assessments, the Downtown PID also receives funding from the following sources: (1) the City Payment In -Lieu of Services and (2) the City of Fort Worth (COFW) Assessment. The City's Payment In -Lieu of Services is a supplement to the PID budget and intended to provide for the standard level of improvements and services as comparable to what would be provided by the City for the taxpayers generally. The City of Fort Worth Payment In -Lieu of Assessment is an allocation to the PID budget for assessments the City would pay on City -owned properties in the Downtown PID, if the City was not a tax-exempt entity. Neither of these revenue http://apps.cfwnet.org/council_packet/mc_review.asp?ID=34308&councildate=4/28/2026 5/6/2026 M&C Review Page 2 of 3 sources is changing in the current update to the Five -Year Service Plan. Revenue Adjustments: Previously Line Items to Approved Recommended Amended be Adjusted FY26 Budget Mid -Year Adjustment FY26 Budget Item Item PID Assessments $3,194,223.00 $0.00 $3,194,223.00 COFW Payment In- 183,265.00 0.00 183,265.00 Lieu of Services ZCOFW Assessment 408,005.00 0.00 408,005.00 PID Generated Revenue 90,000.00 0.00 90,000.00 Use of Fund 0.00 48,200.00 48,200.00 Balance Totals 1 $3,875,493.0011 $48,200.0011 $3,923,693.00 Expenditure Adjustments: Line Items Previously Approved FY26 Budget Item Recommended Mid -Year Adjustment Amended FY26 Budget Item Management Fee $660,200.001 $660,200.00 Ambassador Program 11 704,000.001 0.0011 704,000.00 Holiday Decoration 11 166,213.001 20,000.0011 186,213.00 Landscaping 11 130,000.001 10,000.0011 140,000.00 Maintenance & Operat 1 1,285,500.00 20'000.00 1,305,500.00 Marketing & Research 11 543,600.001 0.0011 543,600.00 Newsletter 11 9,000.00 0.00 9'000.00 Security Enhancement 1 13,200.0011 13,200.00 Transportation & Planning 11 272,450.001 0.0011 272,450.00 Utilities 11 9,500.001 0.0011 500.00 Annual Review 1 3,000.00 0.00 3,000.00 Billing Services 11 1,320.001 0.0011 1,320.00 City Administrative Fe Contribution to Fund Balance 11 1 75,710.00 1,800.00 0.001 (1,800.00)11 ,710.00 0.00 Totals 11 $3,875,493.001 $48,200.001 $3,923,693.00 Upon approval of the above recommendations, the total budgeted expenses for FY2025-2026 will be $3,923,693.00. The revised Budget and Five -Year Service Plan will take effect upon approval by City Council. The City and DFWI will amend the existing management contract to reflect the mid -year adjustments (City Secretary Contract No. 64233). Funding will be budgeted within the FWPID #1 — Downtown Fund for Fiscal Year 2026. Funding is available for appropriation in the fund balance of the FWPID# 1 - Downtown Fund. The current http://apps.cfwnet.org/council_packet/mc_review.asp?ID=34308&councildate=4/28/2026 5/6/2026 M&C Review Page 3 of 3 balance is $2,579,199.97, after this M&C available balance will be $2,530,999.97. The Downtown PID is located in COUNCIL DISTRICT 9. FISCAL INFORMATION/CERTIFICATION: The Director of Finance certifies that funds are currently available from fund balance within the FWPID #1 - Downtown Fund and upon approval of the above recommendations and adoption of the attached appropriation ordinance, funds will be available in the FWPID #1 - Downtown Fund as appropriated. Prior to an expenditure being incurred, the FWLab Department has the responsibility of verifying the availability of funds. Fund Department ID Account Project ID Program Activity Budget Year Reference # (Chartfield 2) Amount FROM Fund Department ID Account Project ID Program Activity Budget Year Reference # Chartfield 2 T4mount Submitted for City Manager's Office by: Originating Department Head: Christianne Simmons (6222) Additional Information Contact: Brady Kirk (8712) ATTACHMENTS 03PID01 MIDYEAR FY26 funds avail.docx (CFW Internal) ORD.APP_03PID01 MIDYEAR FY26_AO(R3).docx (Public) PID 01 FID Table 2026.03.xlsx (CFW Internal) PID 01 MY SAP FY26.pdf (Public) PID 01 SAP Amendment Ord FY26.D0CX (Public) http://apps.cfwnet.org/council_packet/mc_review.asp?ID=34308&councildate=4/28/2026 5/6/2026 FORT WORTH. City Secretary's Office Contract Routing & Transmittal Slip Contractor's Name: Downtown Fort Worth, Inc. Subject of the Agreement: First Amendment to CSC 64233 FY26 Management Agreement PID 1-Downtown M&C Approved by the Council? * Yes 9 No ❑ If so, the M&C must be attached to the contract. Is this an Amendment to an Existing contract? Yes 8 No ❑ 64233 If so, provide the original contract number and the amendment number. Is the Contract "Permanent"? *Yes ❑ No 8 If unsure, see back page for permanent contract listing. Is this entire contract Confidential? *Yes ❑ No ® If only specific information is Confidential, please list what information is Confidential and the page it is located. Effective Date: 04/22/2026 If different from the approval date. Expiration Date: 09/30/2026 If applicable. Is a 1295 Form required? * Yes ❑ No M *If so, please ensure it is attached to the approving M&C or attached to the contract. Project Number: If applicable. *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 following order: 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.