M&C Review


COUNCIL ACTION:  Approved on 12/13/2016 

DATE: 12/13/2016 REFERENCE NO.: G-18912 LOG NAME: 06ROCKWOOD PARK PUBLIC ART PROJECT
CODE: G TYPE: NON-CONSENT PUBLIC HEARING: NO
SUBJECT:  

Authorize Acceptance of a Donation of Approximately 468 Shares of AZZ, Inc., Stock Traded on New York Stock Exchange Under Symbol "AZZ" for a Total Cash Value of $29,500.00 and Liquidation of Same, as Fulfillment of a Pledged Donation from Arnold and Harriette Gachman on Behalf of Gamtex Industries, LP. d/b/a Gachman Metals and Recycling to be Used for Implementation of the Rockwood Park Public Art Project (COUNCIL DISTRICT 2)


RECOMMENDATION:

It is recommended that the City Council:

1.  Authorize Acceptance of a Donation of approximately 468 shares of AZZ, Inc., stock traded on New York Stock Exchange under symbol "AZZ" for a total cash value of $29,500.00 as fulfillment of a pledged donation from Arnold and Harriette Gachman on behalf of Gamtex Industries, LP. d/b/a Gachman Metals and Recycling; and

2.  Authorize the liquidation of all of the donated shares of AZZ, Inc., stock with proceeds to be used in conjunction with $21,500.00 in funds previously allocated from the Public Art Fund for the final design, fabrication and installation of the Rockwood Park Public Art Project.

 
DISCUSSION:

As a commemoration of its centennial, Gamtex Industries, LP. d/b/a Gachman Metals and Recycling (Gachman Metals) located at 2600 Shamrock Avenue, Fort Worth, TX, 76107, partnered with Fort Worth Public Art (FWPA) to commission an artist to create an artwork to be installed in Rockwood Park, located at 748 Rock Cress Drive, Fort Worth, TX, 76114.

The artwork will consist of a cast bronze sculpture approximately six to seven feet tall and will celebrate the 100 year history of Gachman Metals in Fort Worth. The abstract artwork will be closely based on a form generated as part of Gachman Metals's recycling processes and will be cast from recycled bronze donated by the company.

On September 15, 2014, the City entered into a contract with Nonstop, Inc., to develop a preliminary artwork design for Rockwood Park (Fort Worth City Secretary Contract No. 45934).

Art Commission Action: On November 9, 2015, the FWAC approved the artist's preliminary design and recommended the artist be placed under a final design and commission contract.

A future M&C will authorize the execution of a final design and commission Agreement with Nonstop, Inc., in an amount up to $50,000.00 for final design, fabrication, installation, and contingencies for artwork in Rockwood Park.  Under this final design and commission contract the artist will finalize design and provide structural engineering. Upon approval of the final design, the artist will fabricate, deliver and install the artwork.

This project is included in the Fort Worth Public Art Fiscal Year 2017 Annual Work Plan, which was adopted and for which funds were appropriated by City Council on October 25, 2016, as M&C G-18867.

Project budget and funding sources are as follows:

PROJECT BUDGET

Preliminary Design (Completed)        

$ 10,000.00

Final Design and Commission        

$ 50.000.00

Project Total

$ 60,000.00

FUNDING SOURCES

AMOUNT

Public Art Fund (subfund 98)              

$ 30,500.00

Gamtex Industries LP Donation        

$ 29,500.00

Total

$ 60,000.00

M/WBE Office - The City's overall M/WBE goal for the Fort Worth Public Art Program is 25 percent of total capital project dollars expended on public art annually.

This project is located in COUNCIL DISTRICT 2, Mapsco 62 S.  Council Member Sal Espino concurs with the FWAC's recommendation to proceed with final design and commissioning of the Rockwood Park Public Art project.

This M&C does not request approval of a contract with a business entity.

 
FISCAL INFORMATION/CERTIFICATION:

The Director of Finance certifies that upon liquidation of the donated stock, the proceeds of the sale less any brokerage, settlement, commissions and fees shall be deposited into the Special Donations Fund for use with the Rockwood Park Public Art Project.

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FROM
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Submitted for City Manager's Office by:
Fernando Costa (6122)
Originating Department Head:
Randle Harwood (6101)
Additional Information Contact:
Martha Petera (298-3025)

 
 
ATTACHMENTS
  Gachman Attachments Rockwood Park.pdf