2017-283AN ORDINANCE OF THE CITY OF DENTON, TEXAS ESTABLISHING A SCHEDULE OF
FEES FOR THE OPERATION OF STOKE DENTON ENTREPRENEUR CENTER FOR THE
CITY'S INITIATIVE TO DIVERSIFY DENTON'S ECONOMY BY SUPPORTING
ENTREPRENEURS AND FOSTERING EARLY-STAGE TECH AND TECH -ENABLED
BUSINESSES; PROVIDING A SEVERABILITY CLAUSE; PROVIDING FOR
PUBLICATION; AND PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, the City Council of the City of Denton has the authority under its Charter to
manage its property through the adoption of user fees as reimbursement for the use of city -
provided facilities or services; and
WHEREAS, the City has a Commercial Lease Agreement with Rail Yard Partners, Ltd.
to lease 9,216 square feet of office space located at 608 East Hickory, Suite 128, Denton, Texas
to operate a space to provide support for entrepreneurs as they start, build, and grow their
companies, especially in the field of early-stage tech and tech -enabled business ("Stoke Denton"
or "Entrepreneurial Center"); and
WHEREAS, the public purpose of this initiative is to diversify Denton's economy by
creating knowledge-based, high -paying jobs and developing a startup ecosystem that supports
and expands the tax base, and Stoke is a tangible way for the City to further this public purpose;
and
WHEREAS, the City desires to manage Stoke Denton Entrepreneur Center and to charge
user fees for the use of Stoke Denton Entrepreneur Center and related services as detailed herein
("Fees"); and
WHEREAS, the Fees reflect a fair approximation of the cost of using the City facilities
and are not excessive in relation to the costs incurred by the City; and
WHEREAS, the City Council finds that the Fees imposed by this ordinance are in the
public interest in order to promote the growth of startups and tech/tech-enabled businesses within
the City of Denton, Texas; NOW THEREFORE,
THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS:
SECTION 1,. The findings and recitations contained in the preamble of this ordinance are
incorporated herein by reference.
SECTION 2. The following fee schedule is hereby adopted for public use of the Stoke
Denton Entrepreneur Center:
Fees:
1 key card •-•# # to $50/month - # program
o Up to $50/month ment# program
$75/month
virtual membership
• $20/day drop-in coworking
• $150/month coworking membership
• $250/month dedicated desk
• $900/month pod of 4 dedicated desks
• $550-$900/month office
• $150/hour event space for non-members
• $75/hour event space for members
• $40/hour conference rooms for non-members
• 10% of the amount due as a late fee
• Return check charges of up to $30
SECTION 3., This ordinance shall repeal every prior ordinance in conflict herewith, but
only insofar as the portion of such prior ordinance shall be in conflict; and as to all other sections
of the ordinance not in direct conflict herewith, this ordinance shall be and is hereby made
cumulative except as to such prior ordinances or portions thereof as are expressly repealed
hereby.
SECTION 4. If any section, subsection, paragraph, sentence, phrase or word in this
ordinance, or application thereof to any person or circumstance is held invalid by any court of
competent jurisdiction, such holding shall not affect the validity of the remaining portion of this
ordinance, and City Council of the City of Denton, Texas hereby declares it would have enacted
such remaining portions despite any such invalidity.
SECTION 5. This ordinance shall become effective immediately after its passage and
approval. y�
PASSED AND APPROVED this the 1 `day of SL P 52017.
C;"a IRIS WATTS, MAYOR
ATTEST:
JENNIFER WALTERS, CITY SECRETARY
BY: _
APPROVED AS TO LEGAL FORM:
AARON LEAL, INTERIM CITY ATTORNEY
BY':