The URL can be used to link to this page

Home My WebLink AboutOrdinance 22016-12-2015 ORDINANCE NO.22016-12-2015 AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE WATER/SEWER DIRECT PURCHASE NOTE FUND IN THE AMOUNT OF$183,551.00,FROM AVAILABLE FUNDS,FOR THE PURPOSE OF FUNDING THE CONSTRUCTION OF NORTH BEACH STREET FROM FOSSIL CREEK BOULEVARD TO NE LOOP 820; PROVIDING FOR A SEVERABIL,ITY 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 Water/Sewer Direct Purchase Note Fund in the amount of $183,551.00, from available funds, for the purpose of funding the Construction of North Beach Street from Fossil Creek Boulevard to NE Loop 820. 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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: ' ° Douglas W.Black, Mary J.Ka s , Sr.Assistant City Attorney City Secre ADOPTED AND EFFECTIVE: December 15,2015 Ordinance No.22016-12-2015 Page I of I MAYOR AND COUNCIL COMMUNICATION MAP 20N BEACH T I I _ a HERITAGE �fi r:.t � w 1 .. ` rlro [1=-TRACE �t .. .. � �:...KROGER 7t duS I � . CE ER, .S z J BLVD p COSTA - G L<aQ ._ R i l TARRANT fTlj - f -. -HARMON � _moo _ } � o T1-IO lN�� - a l 8 '"� ; � SUMMERFIELDS ` SIDEWALKS EXTEND NORTH TO 4.� Fes. WESTERN CENTER BOULEVARD ' �� tVE LY - •� ��, '� .__�� BASSWOOD ._,:: � f r � I Z, ._ O fU O t . LC z :WE TERN, 1�� `� � Lb� ._CENhER - L_ a ic 1 �u 1 .t._� ��tt 5 -o O iG _ m - .—o t i i � I - -- `CREEK -� - - SANSOM � CiJ B N ER� I, S20 w - ;HE �_ LOOP 820 SAND IH � 111-820 ==— ' R� 1' > mI - uM MCLEAN BNSF _ V� 3 B NSF Q_ o AC _-:.. ' t Z ME HAM MEACFiAM u /�� VOISTA ] ��' _. _ 37 DOWNING - -- . TERMINAL NsF T ..E 4--4- Ic1� 7 r. _ _. ---a �.< - ": - _ ✓� .� ._.._. Zm BROADWAYi �'Y > N x O � Z t - n BR C Q x �UrvF � L•OP � - � 1 'W �� W - - - r iwru�r ✓✓✓t r r rr �.� 0 _...250 500 , I . _'�.. ;�� ._..—, _� � y. ` -28TH 183 0 1500 3000 6000 _ �, 183 NORTH BEACH STREET { - JQ.! g I I I Ft HO S O .__HO (111820 TO FOSSIL CREEK BLVD) I - "' Copyright 2015 City of Fort Worth. Unauthorized reproduction is a violation of applicable laws. CITY PROJECT# 02238 This product is for informational purposes and may not have been prepared for or be suitable for legal,engineering,or surveying purposes. It does not represent an on-the-ground survey and represents only the approximate relative location of property boundaries. The City of Fort Worth assumes no responsibility for the accuracy of said data. City of Fort Worth, Texas Mayor and Council Communication COUNCIL ACTION: Approved on 12115/2015 - Ordinance No. 22016-12-2015 & Resolution No. 4558-12-2015' DATE: Tuesday, December 15, 2015 REFERENCE NO.: C-27574 LOG NAME: 20N BEACH CONSTRUCTION-02238 SUBJECT: Authorize Execution of a Contract with JLB Contracting, LLC, in the Amount of$5,846,846.00 for the Construction of North Beach Street from Fossil Creek Boulevard to NE Loop 820 and Provide for Additional Project Management, Inspections, Testing and Survey Costs and Contingencies in the Amount of$1,053,154.00 for a Total Project Construction Phase Cost of$6,900,000.00, Adopt Reimbursement Resolution and Adopt Appropriation Ordinance (2014 BOND PROGRAM) (COUNCIL DISTRICT 4) RECOMMENDATION: It is recommended that the City Council: 1. Authorize the execution of a contract with JLB Contracting, LLC, in the amount of$5,846,846.00 for the construction of North Beach Street from Fossil Creek Boulevard to NE Loop 820, CPN 02238; 2. Adopt the attached resolution expressing official Intent to Reimburse expenditures with proceeds of future debt for the construction of the North Beach Street from Fossil Creek Boulevard to NE Loop 820 Project; and 3. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the Water/Sewer Direct Purchase Note Fund in the amount of$183,551.00. DISCUSSION: This project provides for the reconstruction of North Beach Street as a six-lane divided arterial street as provided for in the 2014 Bond Program. Existing 6-inch and 12-inch water mains and a 15-inch sanitary sewer main will also be replaced as a part of this project. The project was advertised on July 16, 2015 and July 23, 2015 in the Fort Worth Star-Telegram requesting competitive sealed proposals. Two proposals were received on August 20, 2015. The proposals were evaluated based on a pre-established criteria provided in the solicitation. JLB Contracting, LLC, submitted the highest ranking proposal. Total Points Bid Amount Calendar Price Time MBE Contractor Days (0 (0 (0-1 Total -75) -15) 0) IJLB Contracting, LLC $5,846,845.93 465 75.0 15.0 6.0 96.0 Jackson Construction, Inc. $6,421,347.50 540 10.0 0.0 6.0 16.0 The budget for the reconstruction of North Beach Street (Fossil Creek Boulevard to NE Loop 820) consists Logname: 20N BEACH CONSTRUCTION-02238 Page 1 of 4 of the following: PROJECT BUDGET _AMOUNT Design Contract Budget $1,200,000.00 City Project Management, Design $ 50,000.00 Coordination Total Design _$1,250,000.00 Right-of--Way and Easement �$ 200,000.00 Acquisition Coordination Utility Relocations and Tree Removal ($ 50,000.00 Total ROW, Utilities, Tree $ 250,000.00 Removal _ Construction Costs (as Bid) $5,846,846.00 City Project Management, Inspections, Quality F$ 738,549.78 Control/Assurance and Coordination _ Construction Project Contingencies $ 498,154.00^ Total Construction $7,083,549.78 TOTAL PROJECT BUDGET $8,583,549.78 This project is anticipated to be included in a future revenue bond issue for the Water and Sewer Fund. Available cash within the Water and Sewer portfolio and the City's portfolio along with the appropriation authority authorized under the Direct Purchase Note Program will be used to provide interim financing for this project until debt is issued. To the extent resources other than the Water and Sewer portfolio are used to provide interim financing, the Water and Sewer Fund will be charged interest that is equivalent to the overall rate of return being earned by the City portfolio (currently approximately one- percent annually). Should the City's portfolio not support the liquidity needed to provide an interim short- term financing source, another funding source will be required, which could mean issuance of securities under the Direct Purchase Note Program or earlier issuance of Water and Sewer revenue bonds than is currently planned. Once debt associated with this project is sold, bond proceeds will be used to reimburse the Water and Sewer portfolio and the City's portfolio in accordance with the attached Reimbursement Resolution. In accordance with the provisions of the Financial Management Policy Statements, Staff anticipates presenting revenue-supported debt issuances to the City Council for consideration within the next three years. The Financial Management Services Department is currently working with all departments to ensure that multi-year capital improvements plans are in place. Newly developed and already existing plans, such as the Water Department's current multi-year capital improvement plan, will be presented to City Council for review and adoption. If the City Council-adopted plan does not include issuance of debt for this specific project, the project will be funded other financing sources. If the City Council-adopted plan calls for debt issuance, that debt must be issued within approximately three years to provide reimbursement for these expenses. If that does not occur, the costs will no longer be reimbursable by issuing tax-exempt debt and the funding source will have to be made whole through other budgetary methods. Adoption of this resolution does not obligate the City to sell bonds, but preserves the ability to Logname: 20N BEACH CONSTRUCTION-02238 Page 2 of 4 reimburse the City from tax-exempt bond proceeds. Funding for the North Beach Street project is as depicted in the following tables. This capital project will result in the demand for additional operation and maintenance resources within City departments due to the construction of new public infrastructure assets. The estimated average annual cost for these additional operation and maintenance resources is summarized in the following table: ITEMS _ ESTIMATED DEPARTMENT/DIVISION INSTALLED WITH InNNUAL THIS PROJECT OPERATING IMPACT_ 16 Streetlights $33,200.00 PW/Traffic Management ($2 00.00/streetlight) 3 Traffic Signals ($10,000.00/signal) 8 Inlets ($60.00 per $480.00 PW/Storm Water Inlet) 4.1 Lane Miles of $15,744.00 PW/Streets Division 11 Inch Concrete Pavement ($3,840.00 per Lane Mile) This construction contract will be funded through the 2014 Bond Program. Available resources within the General Fund will be used to provide interim financing for these expenses until debt is issued. Once debt associated with this project is sold, bond proceeds will reimburse the General Fund in accordance with the statement expressing official Intent to Reimburse that was adopted as part of the ordinance canvassing the bond election (Ordinance No. 21241-05-2014). Funding sources for this project are as follows: [P roject Name 2014 Bond Water Direct Purchase Total Project Program Note Funding North Beach Street $8,400,000.00 $183,549.78 $8,583,549.78 Construction is anticipated to commence in January 2016 and be substantially completed by May 2017. Contract time for substantial completion is 465 calendar days. M/WBE OFFICE —JLB Contracting, LLC, is in compliance with the City's BDE Ordinance by committing to 22 percent MBE participation on this project. The City's MBE goal on this project is 16 percent. The Project is located in COUNCIL DISTRICT 4. Logname: 20N BEACH CONSTRUCTION-02238 Page 3 of 4 The Financial Management Services Director certifies that funds are included in the approved budget to date of the 2014 Bond Program and funds are available in the General Fund to pay expenses which will be incurred on this contract until reimbursement can occur from the issuance of public securities and certifies that funds are available as directed by M&C G-18375 in the 2017 Water and Sewer Revenue Bonds Capital Project Fund for transfer from unspecified funding to the North Beach Street Project. After transfer of$183,549.78 to this project, the amount of$92,112,722.40 in available revenue will remain in the 2017 Water and Sewer Revenue Bonds. Pending Funding ppropriations Expenditures/ Remaining Source Ito Date Encumbrances Balance 2014 Bond 857,000.00 $6,974,158.13 $1,882,841.87 P Water Direct $ 0.00 $ 0.00 $ 183,549.78 Purchase Note FUND IDENTIFIERS (FIDs): TO Fund Department Account Project ProgramActivity Budget Reference # Amount ID ID Year Chartfield 2 560051 0600430 4956010 CO2238 C00170 2016 $95,336.00 560051 0700430 4956010 CO2238 C00170 2016 $88,215.00 FROM Fund Department Account Project Program Activity Budget Reference # Amount ID ID Year Chartfield 2 34014 0200431 5740010 CO2238 CO2380 2016 14010199 $5,663,296.22 560051 0700430 5740010 CO2238 C00170 2016 $88,214.26 560051 0600430 5740010 CO2238 C00170 2016 $95,335.52 CERTIFICATIONS: Submitted for City Manager's Office by: Jay Chapa (5804) Originating Department Head: Douglas Wiersig (6157) Additional Information Contact: Mike Weiss (8485) Lognarne: 20N BEACH CONSTRUCTION-02238 Page 4 of 4