HomeMy WebLinkAboutResolution 3551-11-2007A Resolution
NO 3551 11 2007
STATEMENT EXPRESSING OFFICIAL INTENT
TO REIMBURSE COSTS OF THE NEW PUBLIC HEALTH CENTER
WHEREAS, the City of Fort Worth, Texas (the "City") is a home-rule
municipality and political subdivision of the State of Texas,
WHEREAS, the City expects to pay expenditures in connection with the design,
planning, acquisition and construction of the new Public Health Center (the
"Project") prior to the issuance of obligations by the City in connection with the
financing of the Project from available funds,
WHEREAS, the City finds, considers, and declares that the reimbursement of
the City for the payment of such expenditures will be appropriated 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 it will incur debt, as one or more series
of obligations, with an aggregate maximum principal amount not to exceed
$55,000,000 of which $400,000 is to be used for the Project
Section 2 All costs to be reimbursed pursuant hereto will be capital
expenditures No tax exempt obligations will be issued by the City in furtherance for
this Statement after the date which is later than 18 months after the later of (1) the
date the expenditures are paid of (2) the date on which the property, with respect to
which such expenditures were made, is placed in service.
Section 3 The foregoing notwithstanding, no tax exempt obligation will be
issued pursuant to the Statement more than three years after the date any
expenditure which is to be reimbursed is paid
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RESOLUTION NO 3551 11 2007
Adopted this 6th day of November 2007
ATTEST
By
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APPROVED
CITY COUNCIL
NOV 0 6 2007
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City Secretary of the
City of Fort Worth, Texas
City of Fort Worth, Texas
Mayor and Council Communication
SUBJECT
Adopt Appropriation Ordinances to Provide Additional Funds for the Public Health Center Project
and Adopt Reimbursement Resolution
RECOMMENDATION
It is recommended that the City Council
1 Adopt attached appropriation ordinance increasing estimated receipts and appropriations in the Specially
Funded Capital Projects Fund by $400 000 from available funds
2. Authorize the transfer of $400 000 from the Specially Funded Capital Projects Fund to the CO Special
Project Fund
3 Adopt attached appropriation ordinance increasing estimated receipts and appropriations in the CO
Special Project Fund by $400 000 from available funds and
4 Adopt: the attached Reimbursement Resolution noting that the City expects to issue Certificates of
Obligation for the purpose of paying the increased costs of this project.
DISCUSSION
The purpose of this M&C is to increase the amount authorized for the new Public Health Center by
$400 000 00
The current construction budget for this project is $6 900 000 This budget is sufficient to provide a basic
facility with 36 600 square feet of space in a two-story tilt-up-panel concrete structure It is desired to
enhance the core building with masonry accents a central raised roof with glass clerestory glass staircase
enclosures, touch-free fixtures, and green building technology such as geothermal heating and cooling
pervious pavements resource conserving fixtures and an upgraded building envelope (glass roofing
insulation etc.) With these enhanced features, the construction estimate is $7 300 000 An additional
$400 000 is needed to continue with the design of the enhanced facility
The revised overall project budget, including the additional $400 000 is
Previous design at former site $473 000 00
Current Design contract $275 000 00
Geotechnical material testing survey TXU extension, staff time $195 000 00
ITS $400 000 00
FF&E $500 000 00
Construction $7 300 000 00
Logname. 20PUBLICHEALTH Page 1 of 2
Contingency $657,000.00
Total $9 800 000 00
During December 2006 staff identified $ 150 M in Critical Capital Needs and Council authorized the sale
of Certificates of Obligation in each of the next four years to meet those needs This summer $ 43 5 M
was sold for projects identified in the first year of the Critical Capital Program Also at that time in
December staff advised Council that due to inflation some cost overruns were anticipated from projects
funded in the 2004 Bond Program and that $10 M in unspecified debt capacity was reserved for this
purpose Further staff advised that these projects would be presented for Council consideration on an as-
needed basis for inclusion in future Certificate of Obligation sales of the Critical Capital needs The 2005A
and 2007 Certificate of Obligation sales included $9 4 M for the new Public Health Center The purpose of
this M&C is to increase the amount authorized for the new Public Health Center by $400 000 which will
provide the $9 8 M to proceed While this project was not included as a 2004 bond project, but rather was
funded with a CO staff recommends the use of a portion of the $10M to fund these facility
enhancements. Subsequently in order to allow reimbursement of this fund staff recommends inclusion of
this amount in the next CO sale anticipated sometime in Spring 08 and the use of those proceeds to
reimburse this fund
The project timeline is as follows
July 2007 Award Design contract
January 2008 Design Complete
Feb-Apr 2008 Advertise receive and evaluate bids, permitting acquire bonds
May 2008 Award construction contract
May 2009 Complete construction
June 2009 Relocate from existing facility
FISCAL INFORMATION/CERTIFICATION
The Finance Director certifies that funds upon approval of the above recommendations and adoption of the
appropriation ordinances will be available in the current budget, as appropriated of the CO Special
Project Fund
TO Fund/AccountlCenters
1~C291 446100 174770080640 $400.000.00
1~C291 538070 174770080640 $400,000.00
2 & 3) C290 472001 208960022680 $400.000.00
~C290 541200 208960022680 $400.000.00
FROM Fund/Account/Centers
2) C291 538070 174770080640 $400,000.00
Submitted for City Manager's Office by Marc Ott (8476)
Originating Department Head Robert Goode (7801)
Additional Information Contact: Glenn Balog (2028.)
Logname 20PUBLICHEALTH
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