Loading...
HomeMy WebLinkAboutOrdinance 19160-05-2010Ordinance No 19160-05-2010 AN ORDINANCE INCREASING APPROPRIATIONS IN THE GENERAL FUND IN THE AMOUNT OF $762,301 00 AND DECREASING THE UNRESERVED UNDESIGNATED FUND BALANCE BY THE SAME AMOUNT FOR PHASE IV OF THE CITY'S ENERGY SAVING PERFORMANCE CONTRACT WITH JOHNSON CONTROLS INC PROVIDING FOR A SEVERABILITY CLAUSE, MAKING THIS ORDINANCE CUMULATIVE OF PRIOR ORDINANCES AND REPEALING ALL PRIOR 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 2009-2010 in the Budget of the City Manager there shall also be increased appropriations in the General Fund in the amount of $762,301 00 and decreasing the unreserved undesignated fund balance by the same amount for Phase IV of the City.'s Energy Saving Performance Contract with Johnson Controls Inc. 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 18809 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed .SECTION 4 This ordinance shall take effect upon adoption ADOPTED AND EFFECTIVE. Mav 18, 2010 City of Fort Worth, Texas Mayor and Council Communication --n~ -. ~ ~ ~ -_- .~ _,~~:-~ __ COUNCIL ACTION: Approved on 5/1.8/2010 -Ord. No. 19160-05-2010 ,.~a~~F_ Y ~~. ,- ~,.-_n~R ~ _ ~ ~ , ~ ~ ~. DATE Tuesday May 18 2010 REFERENCE NO G-16931 LOG NAME 13ESPC SUPP APPR SUBJECT Adopt a Supplemental Appropriation Ordinance Increasing Appropriations in the General Fund in the Amount of $762 301 00 and Decreasing the Unreserved, Undesignated Fund Balance by the Same Amount for Phase IV of the City's Energy Savings Performance Contract with Johnson Controls, Inc. RECOMMENDATION It is recommended that the City Council adopt the attached supplemental appropriation ordinance increasing appropriations in the General Fund in the amount of $762 301 00 and decreasing the unreserved undesignated fund balance by the same amount for Phase IV of the City's Energy Savings Performance Contract with Johnson Controls, Inc. DISCUSSION On June 17 2008 (M&C C-22868) the City Council authorized the execution of Phase IV of the City's Energy Savings Performance Contract (ESPC) with Johnson Controls Inc. (JCI) The ESPC Phase IV project represents the fifth Resource Conservation Program project undertaken by the City in service of the Texas Emission Reduction Program (TERP) goal to improve environmental air quality The City's commitment to this goal is reflected in the success of this program's projects which act to reduce long term utility budgets while implementing necessary infrastructure improvements The ESPC Phase IV project includes energy and water conservation measures to be installed at City facilities in ALL COUNCIL DISTRICTS including 37 Fire Stations 21 Community Centers and 11 Libraries. The scope of work includes improvements to lighting air conditioning and HVAC control systems, as well as water conservation and power factor correction improvements JCI guaranteed utility savings to the City will offset all accrued principal and interest payments which will be budgeted as non-departmental operating expenditures in the General Fund If future savings are not sufficient to pay debt service payments JCI guarantees to pay any shortfall The Transportation and Public Works Department will monitor project performance through measurement and verification reporting On June 17 2008 (M&C C-22868) the City Council also authorized the execution of a municipal lease- purchase agreement in the amount of $9 248 307 00 with JCI and the execution of an escrow agreement with JCI and U S National Bank Association These actions effectively provided financing in order to fund the ESPC Phase IV project. Lease payments for the earlier phases were budgeted for Fiscal Year 2010 however Phase IV payments were not budgeted adequately Adopting the attached supplemental appropriation ordinance would appropriate an additional $762 301 00 for Fiscal Year 2010 thus sufficiently covering required payments FISCAL INFORMATION /CERTIFICATION The Financial Management Services Director certifies that upon approval of the above recommendation and adoption of the attached supplemental appropriation ordinance funds will be available in the current Logname• 13ESPC SUPP APPR Page 1 of 2 operating budget, as appropriated of the General Fund Upon approval the unreserved undesignated fund balance of the General Fund will exceed the minimum reserve as outlined in the Financial Management Policy Statements. FUND CENTERS TO Fund/Account/Centers FROM Fund/Account/Centers GG01 539120 0908002 $762.301.00 GG01 539120 0908002 CERTIFICATIONS Submitted for City Manager's Office bv. Karen Montgomery (6222) Originating Department Head. Additional Information Contact: Lena Ellis (8517) James Mauldin (2438) $762.301.00 Logname• 13ESPC SUPP APPR Page 2 of 2