Agenda Information Sheet
DEPARTMENT: Economic Development
CM/ ACM: Bryan Langley
Date: March 28, 2017
SUBJECT
Title
Consider adoption of an ordinance approving amendments to the term of the agreement, adding baseline metrics, adding a general termination clause, and adding an appropriations clause to the Management Agreement between the City of Denton and the Dallas Entrepreneur Center.
Body
BACKGROUND
On March 21, staff presented a work session to Council regarding Stoke Denton's six-month action plan for membership recruitment, programming, and mentoring. Staff also reviewed the proposed amendments to the management agreement with the Dallas Entrepreneur Center.
On February 21, staff presented a work session to Council regarding Stoke Denton, including the project's history, budget information, and occupancy/activity. Council's discussion centered on the management agreement with the Dallas Entrepreneur Center, in particular how members of Stoke Denton are vetted, how to establish performance metrics for the Dallas Entrepreneur Center's management of Stoke Denton, and proposed amendments to the management agreement with the Dallas Entrepreneur Center.
RECOMMENDATION
Staff recommends the following amendments to the Management Agreement with the Dallas Entrepreneur Center:
* Add initial baseline measurements for number of events held/attendees per event, number of visitors, number of mentor sessions available/used, and number of entrepreneurs assisted.
* Modify the language regarding the term to read "may be renewed annually" instead of "will be renewed annually."
* Change the agreement expiration date from March 1, 2017, to September 30, 2017.
* Add a general 30-day prior written notice termination option.
* Add an appropriations clause.
* Specify remittance of the 10% of membership fees directly to the City of Denton instead of to Rail Yard, Ltd.
PRIOR ACTION/REVIEW (Council, Boards, Commissions)
March 21, 2017 - City staff presented a work session ...
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