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HomeMy WebLinkAboutOrdinance 22006-12-2015 ORDINANCE NO.22006-12-2015 AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE GRANTS CAPITAL PROJECTS FUND IN THE AMOUNT OF $3,000,000.00, FROM AVAILABLE FUNDS, FOR THE PURPOSE OF DESIGN AND CONSTRUCTION OF THE GE TEST TRACK PROJECT; PROVIDING FOR A SEVERABILITY CLAUSE; MAKING THIS ORDINANCE CUMULATIVE OF PRIOR ORDINANCES; REPEALING ALL ORDINANCES IN CONFLICT HEREWITH; AND PROVIDING AN EFFECTIVE DATE. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH, TEXAS: SECTION 1. That in addition to those amounts allocated to the various City departments for Fiscal Year 2015-2016 in the Budget of the City Manager,there shall also be increased estimated receipts and appropriations in the Grants Capital Projects Fund in the amount of$3,000,000.00, from available funds, for the purpose of design and construction of the GE Test Track project. SECTION 2. That should any portion, section or part of a section of this ordinance be declared invalid, inoperative or void for any reason by a court of competent jurisdiction, such decision, opinion or judgment shall in no way impair the remaining portions, sections, or parts of sections of this ordinance, which said remaining provisions shall be and remain in full force and effect. SECTION 3. That this ordinance shall be cumulative of Ordinance No. 21873-09-2015 and all other ordinances and appropriations amending the same except in those instances where the provisions of this ordinance are in direct conflict with such other ordinances and appropriations, in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed. SECTION 4. This ordinance shall take effect upon adoption. APPROVED AS TO FORM AND LEGALITY: , Dougfas W. Black, is J. Is ,Sr.Assistant City Attorney Ciecr to ADOPTED AND EFFECTIVE: December 15,2015 Ordinance No.22006-12-2015 Page 1 of 1 City of Fort Worth, Texas Mayor and Council Communication COUNCIL ACTION: Approved on 12/15/2015 -Ordinance No. 22006-12-2015 DATE: Tuesday, December 15, 2015 REFERENCE NO.: C-27565 LOG NAME: 02GE TEST TRACK AMEND 1 SUBJECT: Authorize Amendment No. 1 to the Reimbursement Agreement with General Electric Company or a Division or Affiliate Thereof, in the Amount of$3,000,000.00 for a Revised Amount Not to Exceed $15,000,000.00 for the GE Test Track Project Associated with the GE Locomotive Facility in the Vicinity of the Intersection of State Highway 114 and FM 156 and Adopt Appropriation Ordinance (COUNCIL DISTRICT 7) RECOMMENDATION: It is recommended that the City Council: 1. Authorize a transfer in the amount of$3,000,000.00 from the Aviation Grants Fund to the Grant Capital Projects Fund; 2. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the amount of$3,000,000.00 in the Grants Capital Projects Fund; and 3. Authorize the execution of Amendment No. 1 to the Reimbursement Agreement with General Electric Company or a division or affiliate thereof, in the amount of$3,000,000.00 for a revised amount not to exceed $15,000,000.00 for right-of-way acquisition, design and construction for the GE Test Track Project associated with the GE Locomotive Facility. DISCUSSION: On May 19, 2015, (M&C C-27302) the City Council authorized a Reimbursement Agreement to support the GE Test Track Project to facilitate testing of locomotives manufactured at the GE Locomotive Facility in an amount not to exceed $12,000,000.00. As the project has developed, it has become necessary to provide additional funding support to complete the project. The North Central Texas Council of Governments (NCTCOG), acting through the Regional Transportation Council, approved the use of an additional $3,000,000.00 of the Regional Toll Revenue (RTR) funds for the GE Test Track Project at its December 10, 2015 regular meeting. The funds associated with the improvements contemplated in this action are from excess funds held in trust by the City and would otherwise be returned to the NCTCOG at the completion of the Multimodal Transportation Project. No City funds will be expended as part of this project. This project will not be a capital asset of the City. FISCAL INFORMATION /CERTIFICATION: The Financial Management Services Director certifies that upon the approval of the above Logname: 02GE TEST TRACK AMEND 1 Page 1 of 2 recommendation and the adoption of the attached appropriation ordinance, funds will be available in the Grants Capital Projects Fund. FUND IDENTIFIERS (FIDs): TO Fund Department Account Project ProgramActivity Budget Reference # Amount ID ID Year Chartfield 2 F1) 31001 0200431 4959502 XXXXXX C08000 3,000,000.00 2) 31001 0200431 5740010 XXXXXX C08000 $3,000,000.00 FROM Fund Department Account Project Program Activity Budget Reference # Amount ID ID Year (Chartfield 2) 1 55004 0550435 5900010 C01914 C08000 $3,000,000.00 13)310011 0200431 5740010 XXXXXX C08000 $3,000,000.00 CERTIFICATIONS: Submitted for City Manager's Office by: Jay Chapa (5804) Originating Department Head: Jay Chapa (5804) Additional Information Contact: Brian Beck (7909) Logname: 02GE TEST TRACK AMEND 1 Page 2 of 2