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HomeMy WebLinkAboutOrdinance 22450-09-2016 ORDINANCE NO. 22450-09-2016 AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE GOVERNMENT COMMUNITY FACILITIES AGREEMENT FUND IN THE AMOUNT OF $7,000,000.00, FROM AVAILABLE FUNDS, FOR THE PURPOSE OF FUNDING FISCAL YEAR 2017 PROJECTS THAT ARE PAID FROM DEVELOPER CONTRIBUTIONS; AUTHORIZING THE CITY MANAGER, ACTING DIRECTLY OR THROUGH A DESIGNEE, TO MAKE CERTAIN TRANSFERS AND ALLOCATIONS UP TO BUDGETED AMOUNTS; 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 2016-2017 in the Budget of the City Manager, there shall also be increased estimated receipts and appropriations in the Government Community Facilities Agreement Fund in the amount of $7,000,000.00, from available funds, for the purpose of funding Fiscal Year 2017 projects that are paid from developer contributions, with such appropriations shown more fully as follows: GOVERNMENT COMMUNITY FACILITIES AGREEMENT FUND REVENUES: Developer Contributions and Fees $7,000,000 Contributions and fees generated from Community Facility Agreements $7,000,000 TOTAL REVENUE $7,000,000 EXPENDITURES: Non-Departmental $7,000,000 Transfers and appropriation to be made from the Non-Departmental Center $7,000,000 undesignated project within the Government Community Facilities Agreement Fund to the applicable project incurring the cost. TOTAL EXPENDITURES $7,000,000 SECTION 2. That appropriations in the Government Community Facilities Agreement Fund identify and allocate monies that are anticipated to be received during the fiscal year from developers for the inspection, materials testing, and other services to be performed by City staff in connection with community facility agreement projects that are funded solely by developers. In accordance with Chapter X of the Charter of the City of Fort Worth, Texas, by adoption of this ordinance, the City Council authorizes and delegates to the City Manager, acting directly or through a designee, authority, following the actual receipt of such Ordinance 22450-09-2016 Page 1 of 2 monies, to enact and make transfers and allocations of such monies in a cumulative amount not to exceed the total amount budgeted, with such transfers and appropriation to be made from the Non- Departmental Project of the Government Community Facilities Agreement Fund to the receiving project's center within the Government Community Facilities Agreement Fund, provided, however, that the City Manager, acting directly or through a designee, shall be required to report such transfers and allocations to the City Council in periodic financial reports, which shall be submitted no less than quarterly throughout the fiscal year. SECTION 3. 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 4. That this ordinance shall be cumulative of Ordinance No. 22394-09-2016 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 5. This ordinance shall take effect upon adoption. APPROVED AS TO FORM AND LEGALITY: ATTEST: TlenC. Elr Assistant City Attorney Mary J. e ;Cit ecretary ADOPTED AND EFFECTIVE: September 27, 2016 Ordinance 22450-09-2016 Page 2 of 2 City of Fort Worth, Texas Mayor and Council Communication COUNCIL ACTION: Approved on 9/27/2016 - Ordinance Nos. 22450-09-2016 & 22451-09- 2016 DATE: Tuesday, September 27, 2016 REFERENCE NO.: G-18840 LOG NAME: 13FY17 DEVELOPER CONTRIBUTIONS SUBJECT: Adopt Ordinances Appropriating a Total of$10,000,000.00 in the Government Community Facilities Agreement Fund and the Water& Sewer Community Facilities Agreement Fund for Fiscal Year 2017 Community Facilities Agreement Projects and Delegating Authority to the City Manager, or His Designee, on Receipt of Payments, to Effect Transfers Within Each Fund Up to Its Budgeted Total (ALL COUNCIL DISTRICTS) RECOMMENDATION: It is recommended that the City Council: 1. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the amount of$7,000,000.00 in the Government Community Facilities Agreement Fund and delegating authority to the City Manager, or his designee, on receipt of payment, to effect transfers within the Fund up to its budgeted total; and 2. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the amount of $3,000,000.00 in the Water& Sewer Community Facilities Agreement Fund and delegating authority to the City Manager, or his designee, on receipt of payment, to effect transfers within the Fund up to its budgeted total. DISCUSSION: The purpose of this Mayor and Council Communication is to establish the financial framework to support implementation during Fiscal Year 2017 of Community Facilities Agreements that do not require City contributions. As development occurs throughout the City of Fort Worth, developers enter into contracts with the City to undertake private construction of public infrastructure, such as roads or water lines (community facilities), needed to support private development plans. Under the terms of the City's standard Community Facilities Agreement (CFA), the developer is responsible for the construction of facilities in accordance with City standards and must also cover the costs of inspection and material testing by the City to ensure City standards are being met. The funds to cover the City's costs are collected from the developers on a project by project basis in the form of a Developer Contribution and deposited into the funds identified above. By reviewing the past year's revenues and expenditures, Staff can budget for developer contributions based on the anticipated annual receipts. However, the specifics of the actual projects and the amount of revenue and expense attributable to each project will not be known until each CFA is executed. Logname: 13FY17 DEVELOPER CONTRIBUTIONS Pagel of 2 To provide necessary authority to administer the CFA program, Staff recommends the City Council adopt the attached ordinances, which appropriate $7,000,000.00 in the Government Community Facilities Agreement Fund and $3,000,000.00 in the Water& Sewer Community Facilities Agreement Fund, representing the anticipated revenues and appropriations for Fiscal Year 2017. The ordinances also delegate authority to the City Manager, acting directly or through a designee, following the actual receipt or availability of such monies, to enact and make the transfers and allocations of such appropriations to individual projects in an amount equal to the funds received for that project. For example, if a developer enters into CFAs to construct roads and water/sewer lines to support a particular development and the anticipated inspection and testing costs are $20,000.00 for the road CFA and $30,000.00 for the water/sewer CFA, the City Manager, acting directly or through a designee, would be able to establish projects within the Enterprise Resource Planning System with budgetary authority for the respective amounts ($20,000.00 in the Government Community Facilities Agreement Fund and $30,000.00 in the Water& Sewer Community Facilities Agreement Fund). As each specified project is set up and budgeted, the amount remaining in the Non-Departmental Project in the Fund would be reduced. As capital funds, once appropriated, the budgeted amounts would remain in the assigned CFA project until the money has been expended or the project is completed. Annual re-appropriation would not be required. The delegated authority granted by the attached ordinance is subject to the restriction that the total amount of all such transfers may not exceed the annual amount appropriated for that fund and is also subject to the requirement that the City Manager, acting directly or through a designee, periodically report the transfers and allocations to the City Council throughout the fiscal year. This M&C does not request approval of a contract with a business entity. FISCAL INFORMATION /CERTIFICATION: The Director of Finance certifies that upon approval of the above recommendation and adoption of the attached appropriation ordinances, funds will be available in the current capital budgets of the Government Community Facilities Agreement Fund and the Water& Sewer Community Facilities Agreement Fund. 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 # moun ID ID Year Chartfield 2 CERTIFICATIONS: Submitted for City Manager's Office by: Susan Alanis (8180) Originating Department Head: Linda Johnson (6222) Additional Information Contact: Suzie Wagner (7806) Logname: 13FY17 DEVELOPER CONTRIBUTIONS Page 2 of 2