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HomeMy WebLinkAboutResolution 4612-03-2016 A Resolution NO. 4612-03-2016 STATEMENT EXPRESSING OFFICIAL INTENT TO REIMBURSE EXPENDITURES WITH PROCEEDS OF FUTURE DEBT FOR THE VILLAGE CREEK WATER RECLAMATION FACILITY LIQUID BIO-SOLIDS STORAGE TANKS PROJECT WHEREAS, the City of Fort Worth, Texas (the "City") is a home-rule municipality and political subdivision of the State of Texas; and WHEREAS, the City expects to pay expenditures in connection with the design, planning, acquisition and construction for the Village Creek Water Reclamation Facility Liquid Bio-Solids Storage Tanks project as shown in the attached map (the "Project") prior to issuance of obligations by the City in connection with the financing of the Project from available funds; and WHEREAS, the City finds, considers, and declares that the reimbursement of the City for the payment of such expenditures will be appropriate and consistent with the lawful objectives of the City and, as such, chooses to declare its intention, in accordance with the provisions of Section 1.150-2 of the Treasury Regulations, to reimburse itself for such payments at such time as it issues obligations to finance the Project; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH, TEXAS: Section 1. The City reasonably expects debt, as one or more series of obligations, may be issued or incurred by the City with an aggregate maximum principal amount not to exceed $2,750,000.00 for the purpose of paying the aggregate costs of the Project. Section 2. All costs to be reimbursed pursuant hereto will be capital expenditures. No obligations will be issued by the City in furtherance of this Statement after a date which is later than 18 months after the later of (1) the date the expenditures are paid or (2) the date on which the property, with respect to which such expenditures were made, is placed in service. �&RTWORTH Section 3. The foregoing notwithstanding, no obligation will be issued pursuant to this Statement more than three years after the date any expenditure which is to be reimbursed is paid. Adopted this 29th day of March, 2016. �•V saa�ccsoo®� if ATTEST: WM o 00'-00000 0 By: iI}1r Mary J. K ser, City Secretary O FORTWORTH 60DIGESTERCLEANING - COPYRIGHT 2011 IS OF FORTWORTH UNAUTHORIZED REPRODUCTION ISA VIOLATION OF APPLICABLE LAV THIS DATA IS TO BE USED FOR A GRAPHICAL REPRESENTATION ONE' THEACC RACY IS NOT TO BETAKEN I WA'j'Ei R R E N DA ENVIRONMENTAL ENGINEERING PURPOSES Y OF FORT WAR REGISTERED SP NO RESPONSIBILITY LAP 0 FOR THE ACCURACY OF SAID DATA. F-- 0 Village Creek �` W m - ° �p i • Water Reclamation Facility . z = PT ",rL , 3311�� i l _ a Trrl r 1 . _ a 1 I� �� �•� � o rn L 0 0 3 ,... r t°' - r ran Moon on Cu.M.1 'k li fcr- ii - ------ — - D 0 z ox 1 m z rn o ° e. iii �,L�., _ " 9 t c-_- _ Y U ro rot z o 4� R - 4 Digester#2 s. . z I �'► - U rn cq° ,,�� f _ 3 o N o q�1 .. - L 6 , J t 6 y� _mot--/-�\ a it > ! N O C • __ N L R f CL C � Blend Tank - 0 o E Digester Area IL- ° ►- LL 4 i GREEN OAKS -- GREEN OAKS lo CE u- ++ 0 51111 1,000 NAD 1983 StatePlane Texas North Central FIPS 4202 Feet Feet City of Fort Worth, Texas Mayor and Council Communication COUNCIL ACTION: Approved on 3/29/2016 - Resolution No. 4612-03-2016 DATE: Tuesday, March 29, 2016 REFERENCE NO.: C-27656 LOG NAME: 60LIQUID SLUDGE STORAGE TANKS AT VCWRF SUBJECT: Authorize Execution of an Engineering Agreement with MWH Americas, Inc., in the Amount of$989,477.00 for Engineering Services for the Liquid Bio-Solids Storage Tanks Project at the Village Creek Water Reclamation Facility and Provide for Project Management and Staff Costs in the Amount of$75,000.00 for a Total Amount of$1,064,477.00 and Adopt Reimbursement Resolution (COUNCIL DISTRICT 5) RECOMMENDATION: It is recommended that the City Council: 1. Authorize execution of an Engineering Agreement with MWH Americas, Inc., in the amount of $989,477.00 for Engineering Services for the Liquid Bio-Solids Storage Tanks Project at Village Creek Water Reclamation Facility; and 2. Adopt the attached resolution expressing official intent to reimburse expenditures with proceeds of future debt for the Liquid Bio-Solids Storage Tanks Project. DISCUSSION: The Village Creek Water Reclamation Facility (VCWRF) processes approximately 900,000 gallons of anaerobically digested sludge daily at the Sludge Only Landfill (SOL). The sludge is pumped from the VCWRF to the SOL into two storage tanks which provide approximately 1.3 million gallons of storage capacity. The liquid sludge is pumped from the tanks to five belt presses where water is removed and Class AB biosolids are created. The biosolids are loaded onto trucks at the SOL and transported to Noticed Land Application Sites in seven counties around North Texas and then beneficially land applied. In October 2014, the Texas Commission on Environmental Quality (TECQ) amended the existing regulations governing the land application of biosolids. TCEQ also implemented new criteria for long term storage of biosolids at land application sites. TCEQ prohibits the land application of biosolids during wet weather events. Several approaches to meet the new regulations have been considered, such as developing approved storage pads on TCEQ Noticed Land Application Sites. However, it was determined that the most reasonable solution was the construction of storage tanks at the SOL to contain the anaerobically digested liquid sludge until conditions are again suitable for land application. Two 5 million gallon (MG) tanks are needed to provide approximately 10 days of storage. During May 2015 there were about 20 days that were unsuitable for land application of biosolids. The tanks can also be used for emergency storage of liquid sludge in the event of power or equipment failure at the dewatering facility. As part of this proposed contract, the engineer will evaluate the current biosolids processing system to optimize the integration of the new tanks and piping system, review the Biosolids Master Plan for consistency and consideration of future upgrades, determine the appropriate location of the two 5 MG Logname: 60LIQUID SLUDGE STORAGE TANKS AT VCWRF Page I of 3 tanks, appurtenances and piping, evaluate odor control needs and alternatives and prepare plans and specifications for the construction of the two new 5 MG tanks. 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. The City Council adopted the Water Department's Fiscal Year 2016-2020 Five-Year Capital Improvement Plan on February 2, 2016 (M&C G-18662). This City Council-adopted plan includes this specific project, with funding identified through the DPN program to be reimbursed with future revenue bonds. 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. This 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 reimburse the City from tax- exempt bond proceeds. Funding for the Liquid Bio-Solids Storage Tank Project is depicted in the following table: Description Amount F m 989,477.00�H Americas, Inc. $ Project Management Costs and Staff Salaries $ 75,000.00 Total Engineering Agreement Budget $1,064,477.00 Appropriations for the Liquid Bio-Solids Storage Tanks Project will consist of the following: Existing Additional Future Description Appropriations_ Appropriations ` Appropriations Project Total* Engineering $1,000,000.00 $0.00 $ 0.00 $ 1,000,000.00 (Construction $ 935,000.00—[— $0.00 _ $11,000,000.00 $11,935,000.00 Project Management,Real Property cquisitions, Inspection,Testing and _Contingencies $ 5 75,000.00 $0.00 Fs 500,000.00 $F1,075,000.00 Project Total $2,510,000.00 1 $0.00 $11,500,000.00 ,14,010,000.00 * Rounded for presentation purposes. Appropriations for the Liquid Bio-Solids Storage Tanks Project by fund will consist of the following: Fund Appropriations* Water/Sewer DPN Fund 56005 J$ 2,510,000.00 I j--- — Logname: 60LIQUID SLUDGE STORAGE TANKS AT VCWRF Page 2 of 3 Future Revenue Bond _$11,500,000.00 Project Total $14,010,000.00 * Numbers rounded for presentation purposes. Engineering service are anticipated to commence in March 2016, with a contract time of 270 calendar days. The engineering services are estimated to be completed by January 2017 and the construction is anticipated to start in November 2017 and completed by the end of December 2018. M/WBE OFFICE: MWH Americas, Inc., is in compliance with the City's BDE Ordinance by committing to 25 percent SBE participation. The City's goal on this project is 15 percent. This project is located in COUNCIL DISTRICT 5, but this facility serves all of the Fort Worth Area. Operating impact starting in Fiscal Year 2018 is anticipated to be $42,000.00 per year. FISCAL INFORMATION / CERTIFICATION: The Director of Finance 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 Village Creek Liquid Bio-Solid Storage Tanks Project as depicted in the table below: Fund I Existing Additional Future project Total* r ppropriations Appropriations Appropriations Water/Sewer DPN Fund 56005 $0.00 $ 0.00$ 2,510,000.00 _ $2,510,000.00 Future Revenue Bond ( $ 0.00 1-$0.00--1$11,500,000.00 $11,500,000.00 Project Total _ $2,510,000.00 $0.00 $11,500,006.00 1$14,010,000.00 *Rounded for presentation purposes. FUND IDENTIFIERS (FIDs): TO Fund Department ccoun Project Program ctivity Budget Reference # moun ID ID Year (Chartfield 2) FROM Fund Department ccoun Project Program ctivity Budget Reference # Amount ID ID Year Chartfield 2 560051 0700430 15330500 1 CO2669 C03030 2016 0989,4777bbi CERTIFICATIONS: Submitted for City Manager's Office by: Jay Chapa (5804) Originating Department Head: John Carman (8246) Additional Information Contact: Seiavash Mir (8404) Logname: 60LIQUID SLUDGE STORAGE TANKS AT VCWRF Page 3 of 3