HomeMy WebLinkAbout20231052.tiffRESOLUTION
RE: APPROVE AMENDMENT #1 TO AGREEMENT FOR BRIGHT FUTURES PROGRAM
AND AUTHORIZE CHAIR TO SIGN - THE WELD TRUST AND THE WELD LEGACY
FOUNDATION
WHEREAS, the Board of County Commissioners of Weld County, Colorado, pursuant to
Colorado statute and the Weld County Home Rule Charter, is vested with the authority of
administering the affairs of Weld County, Colorado, and
WHEREAS, the Board has been presented with Amendment #1 to Agreement for the
Bright Futures Program among the County of Weld, State of Colorado, by and through the Board
of County Commissioners of Weld County, the Weld Trust, and the Weld Legacy Foundation, with
further terms and conditions being as stated in said amendment, and
WHEREAS, after review, the Board deems it advisable to approve said amendment, a
copy of which is attached hereto and incorporated herein by reference.
NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of Weld
County, Colorado, that the Amendment #1 to Agreement for the Bright Futures Program among
the County of Weld, State of Colorado, by and through the Board of County Commissioners of
Weld County, the Weld Trust, and the Weld Legacy Foundation, be, and hereby is, approved.
BE IT FURTHER RESOLVED by the Board that the Chair be, and hereby is, authorized
to sign said amendment.
The above and foregoing Resolution was, on motion duly made and seconded, adopted
by the following vote on the 12th day of April, A.D., 2023.
BOARD OF COUNTY COMMISSIONERS
WELD COUNTY, COLORADO
ATTEST: ditni % ;(1
Weld County Clerk to the Board
Count Attorney
Date of signature: off/18/Z3
Mike eman, Chair
Perry L. Buc} Pro-Tem
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TRCRF), uPsro.+e c- i.i ,clo
2023-1052
TR0031
CMrkvcck- IPf1
MEMORANDUM
TO: Clerk to the Board DATE: April 10, 2023
FROM: Ryan Rose, Director of Finance and Administration/CIO
Cheryl Pattelli, Chief Financial Officer
SUBJECT: BOCC Agenda Item
During a Commissioners Work Session held on 04/04/2023, Weld Trust staff outlined changes to expand
the Bright Futures program in scope and scale (Attachment A). These itemized changes were offered
along with cost estimates and potential funding sources, where available.
In addition to program changes, Weld Trust offered a First Amendment to Weld County Bright Futures
Program Agreement (Attachment B). This Amendment makes minor changes to the Agreement which
will enable Weld Trust to get the accounting treatment that they need for the program while not
substantively changing the Agreement.
We are recommending the following:
• Approval of the Weld County Bright Futures program changes
• Approval of the First Amendment to the Weld County Bright Futures Program Agreement and
required Board Chair's signature
Attachment A: Financial Impact of Proposed Changes to Bright Futures Program
Attachment B: First Amendment to Weld County Bright Futures Program Agreement
2023-1052
Ta031
ATTACHMENT B
FIRST AMENDMENT
TO
WELD COUNTY BRIGHT FUTURES PROGRAM AGREEMENT
This First Amendment is dated as of the (2T'dayof \ , 2023 (the "Amendment") and
is to that certain Weld County Bright Futures Program Agreement dated April 1, 2021 by and
between the County of Weld, a political subcfivision,of the State of Colorado, by and through the
Board of County Commissioners of the County_s f Weld:("County") and North Colorado
Medical Center Foundation, Inc., a Colorado itori-profit corporation now known as The Weld
Legacy Foundation (the "Foundation") and The Weld Trust, a Colorado non-profit corporation
("Weld Trust")("the Agreement").
WHEREAS the Parties desire to amend the Agreement by entering into this Amendment under
the terms and conditions set forth herein;
NOW, THEREFORE, in consideration of the mutual promises and covenants contained herein,
the Parties agree as follows:
1. Paragraph 1.a. ran s. Shall be amended by the addition of the following at the end of the
paragraph:
" Grants shall also include payments resulting from the Bankhead-Jones, Farm
Tenant Act when designated by the Weld County Commissioners, taxpayer contributions
and government grants ."
2. Paragraph 1.c. Bright Futures Fund at Weld County. Shall be revised by the addition of
the following at the end of the first sentence:
"for use as designated by the Weld County Commissioners."
3. Paragraph 1.f. Return of Funds at Weld County Request. Shall be deleted in its entirety
and replaced with the following:
"f. Return of Funds. If the Foundation or the Weld Trust is dissolved, then the
funds held by the Foundation shall be transferred to either Weld County or another
501(c)(3) organization in accordance with Colorado law and the requirements of the
Internal Revenue Service.
If the Foundation or The Weld Trust cease to have a mission consistent with
Bright Futures or if the County determines it will no longer permit new funds to be held
by the Foundation for Bright Futures ("New Funds"), then the County shall cease funding
Bright Futures at the Foundation, upon one hundred and eighty (180) days advance
written notice. In that event, the Foundation shall continue to fund Bright Futures by a
donation to an entity designated by the County Commissioners which meets the
requirements under Colorado law and the Internal Revenue Service with the funds
transferred to the Foundation in accordance with paragraph l.a, b, c, and d. (the "Initial
Donation"). Once the Initial Donation has been completely donated, the Foundation and
Weld Trust shall have no further obligation to the County regarding Bright Futures."
4623 - fO ,. (i)
4. All other terms and conditions of the Agreement shall remain the same.
IN WITNESS WHEREOF, the parties hereto have signed this Agreement to be effective
as of A • i a. .20
ATTEST:
H.,„At.e .)d,
Weld County Clerk to the
THE WELD TR, j , a Colora
corpora
By:
son, Chief Executive Officer
THE WELD LEGACY FOUNDATION, a
Colorado nonprof rporation formerly The
North Colo , : o' - al Center Foundation.
By:
J ; ff i hief Executive Officer
TY OF WELD, a political
sion of the State of Colorado
ke Freeman, Chair _ APR 1 2 2023
DN 7291420.2
(Rcu3_to.5._
ATTACHMENT A
Addendum A - Financial Impact of Proposed Changes to Bright Futures Program
Existing
Proposed
Estimated Cost Increase (Savings) I
Assumptions/Comments
Eligibilty Requrements
Scholars must enroll within 2 years of graduation or GED attainment and will be
eligible for the award for up to 6 years after graduation.
Scholars will be eligible for up to 6 years post -graduation, regardless of when
they enroll in school (this captures the graduates who work for 3-4 years and
then return for a certificate, or to start their education).
Veterans will be eligible for benefits up to 6 years after discharge. (no change)
,
Nominal
This population is anticipated to be nominal, but it does afford an
additional benefit for the program.
Stipend Amount
'
Maximum annual stipend amount
maximum total
= $2,000, regardless of institution, and
benefit of $8,000.
Increase maximum annual stipend = $3,500 ($1,750/semester) for those
attending Weld County institutions with a maximum total benefit of $14,000.
$840,650
Conservatively assumes all qualifying UNC/Aims students will
receive 100% of the full award. UNC and Aims students estimated
at 232 and 130, respectively, 10% more than current enrollment
(due to higher award incentive to attend Weld County schools).
Maintain stipend at $2,000 ($1,000/semester) for those attending institutions
outside of Weld County. (This will maintain the current BF footprint of CO and
the 7 contiguous states.)
SO
Last -Dollar Versus
First -Dollar
•
Award can be used for tuition and fees only and is last dollar in for Weld County
institutions.
Award will not be last dollar in for students attending Weld County
institutions/programs and can be used for tuition, fees, books, bus passes, and
reasonably priced personal computer (as defined by Cost of Attendance)
(Cost impact included in above)
See above
Allowed Use of Stipend
/
Award can be used for tuition and fees only for COSI students and are not last
dollar in.
Award can be used for all qualifying Cost of Attendance (defined by Federal
Student Aid office of the US Dept. of Education) for COSI students. Award will
increase to $3,500 for COSI students attending Aims or UNC.
(Cost impact included in above)
1) All COSI students will qualify for the full award
2) Existing COSI grant matches BF funds 100%
Community Service
16 hours of qualified community service to be completed by BF Scholars in Weld
County
12 hours of qualified community service to be completed by BF Scholars, no
limitsgeographically.
$0
By hilly integrating BF into TWT'c Workforce Development initiative, funding strategies are more aligned, resulting in additional funding opportunities from TWT and other fenders. The program enhancements below would be subject to identification of
funding sources, either from TWT or other stakeholders
Non-traditional
Learners
No funding for adult learners, re-skilling, or training
_
Subject to availability, matching funds available for custom -designed (by
accredited institution) industrytraining or certification for employees of Weld
This will be a net -0- cost and is subject to funding availability. City
of Greeley has approved $50,000 for this training for 2023.
County employers in targeted industries. These funds are available to both Weld
and larimer County residents, and can be used at CSU/Front Range.
High School Support
One College and Career Center Advisor funded by COSI
Two positions funded by COSI
(No new cost)
•Two
;:i.)
Subject to funding by additional grant from COSI
Post -Secondary
Education Support
No post -secondary support provided by Bright Futures
new "Scholar Relations Officers" assigned a portfolio of BF Scholars for
purposes of monitoring academic performance, progress towards
graduation/certification, creating on -campus scholar connection opportunities,
connecting scholars with post -graduate career/employment opportunities.
20n,ruk)
Positions to be aligned with TWT Workforce Development
initiative. Additional fundraising, including grantwriting, will fund
these positions. Locations Tn.
Potential Financial Impact
$1,040,650
Contract Form
New Contract Request
Entity Information
Entity Name.
BRIGHT FUTURES
Entity ID*
L.00044150
Contract Name.
BRIGHT FUTURES PROGRAM CHANGES AND FIRST
AMENDMENT TO WELD COUNTY BRIGHT FUTURES PROGRAM
AGREEMENT
Contract Status
CTB REVIEW
❑ New Entity?
Contract ID
6817
Contract Lead
CPATTELLI
Contract Lead Email
cpattelli10ca.weld.co. us
Parent Contract ID
Requires Board Approval
YES
Department Project #
Contract Description.
THIS ITEM APPROVES THE FOLLOWING:
• WELD COUNTY BRIGHT FUTURES PROGRAM CHANGES
FIRST AMENDMENT TO THE WELD COUNTY BRIGHT FUTURES PROGRAM AGREEMENT AND REQUIRED BOARD CHAIR'S
SIGNATURE
Contract Description 2
Contract Type'k
AGREEMENT
Amount.
$1,040,650.00
Renewable"
NO
Automatic Renewal
Grant
IGA
Department
FINANCE
Department Email
CM -Finance we ldgov.com
Department Head Email
CM-Finance-
DeptHeadCweldgov.com
County Attorney
GENERAL COUNTY
ATTORNEY EMAIL
County Attorney Email
CM-
COU NTYATTORN EY(RWELDG
OV.COM
Requested BOCC Agenda.
Date r
04;10;2023
Due Date
04/06/2023
Will a work session with BOCC be required?*
HAD
Does Contract require Purchasing Dept. to be included?
If this is a renewal enter previous. Contract ID
If this is part of a DMA enter MA Contract ID
Note_ the Previous Contract Number and Master Services Agreement Number should be left blank if those contracts are riot in
On Base
Contract Dates
Effective Date
Review Date .k
04/05/2023
Renewal Date
Termination Notice Period
Contact Information
Contact Info
Committed Delivery Date
Expiration Date.
04/10/2024
Contact Name Contact Type Contact Email r Contact Phone I Contact Phone 2
Purchasing
Purchasing Approver
Approval Process
Department Head
CHERYL PATTELLI
DH Approved Date
04/05/2023
Final Approval
BOCC Approved
BOCC Signed Date
BOCC Agenda Date
04,'12,2023
Originator
CPATTELLI.
Finance Approver
CHERYL PA CELLI
Purchasing Approved Date
Legal Counsel
BRUCE BARKER.
Finance Approved Date Legal Counsel Approved Date
04/05/2023 04/0712023
Tyler Ref #
AG 041223
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