Goal for Use of Fort Worth Certified M/WBE Companies Sample Clauses

Goal for Use of Fort Worth Certified M/WBE Companies. In accordance with Section 6.4 of the Policy and for the purposes outlined in the City Ordinance No. 15330, Owner hereby agrees, as a base goal, to undertake a good faith effort to spend or cause to be spent at least twenty-five percent (25%) of total Construction Costs and at least twenty-five percent (25%) of annual Supply and Service Expenses (as defined in Section 2.1.4) with Fort Worth Certified M/WBE Companies (as defined in Exhibit “A” hereof), which goal may be increased or decreased by the City, after consultation with the Minority and Women Business Enterprise Advisory Committee, considering all applicable factors with regard to the specific Development Project, including, but not limited to, capacity, quality and price, and otherwise in accordance with the process applicable pursuant to the City Ordinance No. 15330. Subject to Sections 2.1.1.3 and 2.1.4, a failure to meet this good faith goal shall neither serve to reduce the amount of Abatement granted hereunder nor be a default under this Agreement.
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