HomeMy WebLinkAboutOrdinance 21890-09-2015 ORDINANCE NO. 21890-09-2015
AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND
APPROPRIATIONS IN THE GRANTS FUND IN THE AMOUNT OF $250,000, FOR
INTERIM FINANCING OF A GRANT FROM THE STATE OF TEXAS FOR
OPERATIONS OF THE FORT WORTH BUSINESS ASSISTANCE CENTER AS WELL
AS RENOVATIONS AND UPKEEP OF BUILDINGS ON THE GUINN ELEMENTARY
SCHOOL CAMPUS; PROVIDING FOR A REDUCTION IN BUDGETARY AUTHORITY
IN THE AMOUNT OF $250,000.00 IF GRANT FUNDS ARE NOT RECEIVED;
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 2014-2015 in the
Budget of the City Manager, there shall also be increased estimated receipts and appropriations in the Grants Fund
in the amount of$250,000.00, for interim financing of a grant from the State of Texas for operations of the Fort
Worth Business Assistance Center as well as renovations and upkeep of buildings on the Guinn Elementary
School campus; providing for a reduction in budgetary authority in the amount of$250,000.00 if grant funds are
not received.
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 No. 21457-09-2014 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ordinances and appropriations are hereby expressly repealed.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: mm
� M
Leann Guzman Assi l Y., �
ant City Attorney ar J. a �t ity 4ecretary
ADOPTED AND EFFECTIVE: September 15, 2015
Ordinance No. 21890-09-2015
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City xas
Mayor and Council Communication
COUNCIL ACTION: Approved on 9/15/2015 - Ordinance Nos. 21889-09-2015 & 21890-09-
2015
DATE: Tuesday, September 15, 2015 REFERENCE NO.: C-27461
LOG NAME: 17ED UNTHSC-BAC1
SUBJECT:
Authorize Execution of Agreement with the University of o Texas Health Science Center at Fort Worth
to Accept a Grant in the Amount of$1,000,000.00 from State of Texas for Operations of the Fort Worth
Business Assistance Center as well as Renovations and Upkeep of Buildings on the Guinn Elementary
School Campus, Authorize Waiver of Application of Indirect Cost Hates, Authorize Use of Interest in the
Amount Up to $6,000.00, and Adopt Appropriation Ordinances (COUNCIL DISTRICT )
RECOMMENDATION:
It is recommended that City Council-
1. Authorize the execution of n Agreement with the University of orth Texas Health Science Center at
Fort Worth to accept and receive grant funds from the State of"'I- x in the amount of$1,000,000.00 (the
amount of$500,000.00 during the State's current Fiscal Year of September 1, 2015 o August 31, 201
and the amount of$500,000.00 in the State's Fiscal Year of September 1, 2016 to August 31, 17)for
operation of the Fort Worth Business Assistance Center as II as renovations and upkeep of buildings on
the Guinn Elementary School Campus;
2. Authorize a waiver of indirect cost rates as applicable fort the Grants Fund in accordance with the City's
Administrative Regulations,
3. Adopt the attached interim appropriation ordinance increasing estimated receipts and appropriations in
the Grants Fund in the amount up to $250,00 . 0 for interim financing of this grant and providing for
reduction in the amount if grant funds are not receivedg and
4. Adopt the attached final appropriation ordinance increasing estimated receipts and appropriations in
the Grants Fund in the amount of$756,00 . 0, over the current and next fiscal years„ subject to receipt of
the grant funs and interest income.
DISCUSSION:
Beginning with the 7th Legislature of the State of Texas (2005)„ the State's Biennial General
Appropriations Act has appropriated the amourit of$3.1 million to the University of orth Texas Health
Science Center (UNTHSC) for joint economic development and technology commercialization activities of
UNTHSC, TECH Fort Worth and the City of ort Worth for renovations at the Guinn School Campus and
Business Assistance Center operations.
In the 84th Legislature (2015), the State approved grant funding in the amount of 3,410„000.00 for the
partnership between the City UNTHSC for the two years beginning September 1, 2015. Of this grant„
the amount of 10,000, as been appropriated to UNTHSC and TECH Fort Worth and the remaining
amount of$1,000,000.00 is allocated to the City during this biennium to be received in two installments.
Lo name: 17 1,.iN"T1.1SC-1 AC 15 Page I of°2
Interim financing is necessary to provide transition from one grant funding period to the next. No matching
funds are required from the City for this program.
For the State's current fiscal year, which ends August 31, 2016, the City will receive the amount of
$500,000.00. The second installment in the amount of$500,000.00 will be disbursed next year during the
State's 2017 Fiscal Year. These funds will be used to administer the Fort Worth Business Assistance
Center (BAC) Program, and fund the Fiscal Year 2015-2017 contract with the BAC Education Foundation
for the Idea Works Business Incubator housed in the elementary building at the historic James E. Guinn
Campus.
The Guinn School property is located in COUNCIL DISTRICT 8, Mapsco 77J.
FISCAL INFORMATION /CERTIFICATION:
The Financial Management Services Director certifies that upon approval of the above recommendations,
receipt of the grant and adoption of the attached appropriation ordinances, funds will be available in the
current operating budget, as appropriated, of the Grants Fund.
FUND CENTERS:
TO Fund/Account/Centers FROM Fund/Account/Centers
3) 21002 4371013 017ED BAC $250,000.00 3) 10100 1358001 XXXXXXX $250,000.00
UNTHSC
3)21002 5XXXXXX 017ED BAC $250,000.00
UNTHSC
3)21002 2080100 017ED BAC $250,000.00
U"ITHSC
4) 21002 4371013 017ED BAC $750,000.00
UNTHSC
4)21002 4611010 017ED BAC $6,000.00
UNTHSC
4) 21002 5XXXXXXX 017ED BAC $756,000.00
UNTHSC
CERTIFICATIONS:
Submitted for City Manager's Office by: Jay Chapa (6116)
Originating Department Head: Robert Sturns (2663)
Additional Information Contact: Robert Sturns (2663)
Logname: 17ED UNTHSC-BAC 15 Page 2 of 2