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HomeMy WebLinkAboutOrdinance 22287-06-2016 ORDINANCE NO.22287-06-2016 AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE DEERFIELD ADDITION WATER MAIN IMPROVEMENT PROJECT IN THE AMOUNT OF $259,896.00, FROM AVAILABLE FUNDS AND REDUCE FUNDS FROM RESERVES BY THE SAME AMOUNT IN THE WATER/SEWER DPN FUND, FOR THE PURPOSE OF FUNDING DEERFIELD ADDITION WATER MAIN IMPROVEMENTS; 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 Deerfield Addition Water Main Improvement Project in the amount of$259,896.00, from available funds and reduce funds from reserves by the same amount in the Water/Sewer DPN Fund, for the purpose of funding Deerfield Addition water main improvements. 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 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which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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, Mar J. e Sr.Assistant City Attorney City Se •e ADOPTED AND EFFECTIVE:June 21,2016 Ordinance No.22287-06-2016 Page 1 of 6 MAYOR AND COUNCIL COMMUNICATION MAP 60DEERFIELDWATER - ATKINS N \Y DGE;TRL --_.-, -- Z F- WYNDROOK ST Wwv! , J r LOF�TSMOOR CT �O / \ vj x BONANZA r a;, LORI�VAL' LN U) Z �\�Gy — U O, Z U w i u1 O ' Q WALL PRICE KELLER RD �I OF DEERFIELD ADDITION Till { I a - ,I OF 1, , Trul- -- � m i!iii,mion i i i i � qurm n Will!r,nn r' KROGER DR \� ❑ B PARK VISTA'CIR_ "T wj -- — — ^w -- x M CAMARILL0 DR FORT WORTH - City � of Fort Worth., Texas �&�N Mayor � ��� Council Communication����� �� ��nN ��NN�� COUNCIL ACTION: Approved on 6121/2016 Ordinance No. 22286-06-2016, 22287--06-2016 , & Resolution No. 4641-06-2016 DATE: Tuesday, June 21. 2O10 REFERENCE NO.: C-27780 LOG NAME: 60DEEF|F|EL[}VVATEFl+ATK|N8 SUBJECT: Authorize Execution of a Contract with Atkins Bros. Equipment Co., Inc., in the Amount of$1.508.471.00 for the Deerfield Addition Water Main Improvements and Provide for Project CoDtiDQeOciegandOther Costs for a Total Project Amount of$1,802.522.0O. Adopt a Resolution Expressing Official Intent to Reimburse Expenditure with Proceeds of Future Debt and Adopt Appropriation Ordinances (COUNCIL DISTRICT 4) RECOMMENDATION: |ti8 recommended that the City Council: 1. Adopt the attached resolution expressing official Intent to Reimburse expenditures with proceeds of future debt for the Deerfield Addition Water Main Improvements Project; 2. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the amount of$125.300.00 in the Deerfield Addition Water Main Improvement Project of the Street Rehabilitation Fund and reduce fund balance by the same amount; 3. Authorize the transfer of$259,896.00 from the North Tarrant Express Segment 3A Project to supplement the funding of the Deerfield Addition Water Main Improvements Project; and 4. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the amount of$259,896.00 in the Deerfield Addition Water Main Improvement Project of the Water/Sewer[}PN Fund and reduce fund appropriation iD the North Tarrant Express Segment 3A Project bytheGGDle amount; and 5. Authorize the execution of contract with Atkins Bros. Equipment Co., Inc., in the amount of $1.588.471.00 for the Deerfield Addition Water Main Improvements. DISCUSSION: On August 19, 2014 (Mayor and Council Communication (M&C) PZ-3064), the City Council instituted and adopted the annexation of Deerfield Addition, located south of Wall Price Keller Road and west of U.S. Highway 377. On May 19, 2015 (M&C C-27298), the City Council Authorized an Engineering Agreement with Freese & Nichols Inc., to prepare the plans and specifications for Deerfield Addition Water Main Improvement. This yW&C is to authorize a contract for construction of the following improvements to improve the level of water service to residents of the Deerfield Addition: I.oguume: 6ODEBRFlE]LlJ 8 Page of • The installation of 3,950 feet of 12-inch water line along Wall Price Road. • The installation of 1,900 feet of 12-inch water line along the west side of Union Pacific Railroad between Wall Price Keller Road and Kroger Drive. • Connecting the existing 6-inch water line on Prairie Court to the existing 16-inch water line on Ray White Road. • The replacement of the existing gate valves and fire hydrant inside the Deerfield Subdivision to match current City standards. The project was advertised for bid on March 24, 2016 and March 31, 2016 in the Fort Worth Star- Telegram. On April 21, 2016, the following bids were received: F-"---- BIDDER AMOUNT IME OF COMPLETION tkins Bros. Equipment Co., Inc. __F$1_,568,471.001 180 Calendar Days FNorth Texas Contracting, Inc. $1,986,250.00F (William J. Schultz, Inc. d/b/a Circle"C"Construction Co.$2,267,210.00 - (Jackson Construction, Ltd $2,597,008.00 - In addition to the contract cost $146,300.00 (water: $135,300.00; TPW: $11,000.00) is required for project management, material testing and inspection and $57,280.00 (water: $47,100.00; TPW: $10,180.00) is required for project contingencies. This project requires additional funding in the amount of$259,896.00 for pavement rehabilitation as well as related project management, easement cost (M&C L-15871 adopted March 1, 2016) and contingency costs. Staff recommends these additional funds be transferred from the Water/Sewer Direct Purchase Note (DPN) Funding for betterments for the North Tarrant Express Segment 3A Project. The project scope and schedule for the water main betterments for the North Tarrant Express Segment 3A Project (CO2011) have resulted in costs less than what was originally anticipated. Both projects are included in the Fiscal Year 2016-2020 Five-Year Capital Improvement Plan, adopted February 2, 2016 (M&C G-18662). 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 DPN 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 DPN 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. Construction of the Deerfield Water Main Improvements Project is one component of the overall project that includes engineering, project management, easements, material testing, inspection and Logname: 60DEERFIELDWATER-ATKINS Page 2 of 3 contingencies. The overall project budget is $1,862,522.00. Construction is anticipated to commence in July 2016, with a contract time of 180 calendar days, the project is estimated to be complete by March 2017. This project will have no impact on the Water Department's Operating Budget when complete. M/WBE OFFICE: Atkins Bros. Equipment Co., Inc., is in compliance with City's BDE Ordinance by committing to 11 percent MBE participation. The City's MBE goal on this project is 11 percent. The project is located in COUNCIL DISTRICT 4, Mapsco 22V and 23S. FISCAL INFORMATION /CERTIFICATION: The Director of Finance certifies that the appropriation is available as directed by M&C G-18375 in the Water/Sewer DPN Fund for the Deerfield Addition Water Main Improvement Project and upon approval of the above recommendations and adoption of the attached appropriation ordinances, funds will be available in the current capital budget as appropriated, of the Water Capital Projects Fund and the Street Rehabilitation Fund, as depicted in the table below. Existing Additional FUND Appropriations Appropriations [Future Appropriations Project Total* (Street Rehabilitation Fund 39408 1 $ 0.00 $125,360.00 $0.00 _ $ 125,360.00 ater/Sewer DPN Fund 56005-1 $1,302,200.00 $0.00 ( $1,562,09_6.00 ater&Sewer Bond 2015A $ 175,066.00 $ 0.00 [— $0.00 $ 175,066.00 1 Project Total $1,477,266.00 $385,256.00 $0.00 $1,862,522.00 *Numbers rounded for presentation purposes. FUND IDENTIFIERS (FIDs): TO Fund Department Account Project ProgramActivity Budget Reference # Amount ID ID Year Chartfield 2 39408 0200431 5310350 CO2534 2016 $125,360.00 394081 0200431 CO2534 2016 125,360.00 3&4 56005 0600430 1 5740010 CO2534 I I C017831 2016 1 P259,896.001 FROM Fund Department Accouni Project Program Activity Budget Reference # Amount ID ID Year (Chartfield 2) 5 56005 0600430 5740010 CO2534 C01783 2016 $1,453,291.00 39408 0200431 5740010 UNSPEC C06283 2016 $125,360.00 3 56005 0600430 5900015 CO2011 2016 $259,896.00 5 39408 0200431 5740010 CO2534 C06283 2016 $115,180.00 CERTIFICATIONS: Submitted for City Manager's Office by: Jay Chapa (5804) Originating Department Head: John Carman (8246) Additional Information Contact: John Kasavich (8480) Logname: 60DEERFIELDWATER-ATKINS Page 3 of 3