HomeMy WebLinkAboutResolution 4803-06-2017 A Resolution
NO. 4803-06-2017
STATEMENT EXPRESSING
OFFICIAL INTENT TO REIMBURSE
EXPENDITURES WITH PROCEEDS OF FUTURE DEBT FOR THE NORTH
TARRANT EXPRESS SEGMENT 4 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 North Tarrant Express
Segment 4 Project (the "Project") prior to the 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 $1,250,000.00 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.
ORT WORT
Resolution No. 4803-06-2017
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 20`h day of June, 2017.
ATTEST: SOF FORTS
U �
B y' %Kayse
Mary , City Secretary
CAS
ORT WO WT
MAYOR AND COUNCIL COMMUNICATION MAP
60NTESEG4-KHA
GLENVI DR :. Vhf PIPELINE � `r
EV41 -•� � � '�' FELINE RD .�;
1
i W REID) R
� � p
1 `
-ot-MLA �rt a � � �► �� HIJR.�,TFB
BAKER BLVD _ -
LVD
-CRE
tNITY BLVD.::, r �
F
S�1 � �.. pigROO
of r
., 1 PROPOSEDow '.
1 WATER MAIN
00
&* G:� 1 1 GREE TR_
00
5
Ap
EL
Lu
1
1 NORTH TARRANT
Q
EXPRESS SEGMENT 4
Lu
1
I .U11110L
p C)L4 M O 1 1cn
1 1 - 0
r p
FORTWORTH
- — .JOHN T WHITE RD' �
10
CERTIFICATE OF INTERESTED PARTIES FORM 1295
loll
Complete Nos.1-4 and 6 if there are interested parties. OFFICE USE ONLY
Complete Nos,1,2,3,5,and 6 if there are no interested parties. CERTIFICATION OF FILING
1 Name of business entity filing form,and the city,state and country of the business entity's place Certificate Number:
of business. 2017-198411
Kimley-Horn and Associates,Inc.
Dallas,TX United States Date Filed:
2 Name of governmental entity or state agency that is a party to the contract for which the form is 04/26/2017
being filed.
City of Fort Worth,Texas Date Acknowledged:
3 Provide the identification number used by the governmental entity or state agency to track or Identify the contract,and provide a
description of the services,goods,or other property to be provided under the contract.
100987
Design of water main relocations in conflict with the TxDOT North Tarrant Express Segment 4 highway expansion project
Nature of interest
4
Name of Interested Party City,State,Country(place of business) (check applicable)
Controlling Intermediary
Atz,John Dallas,TX United States X
Peed,Brooks Dallas,TX United States X
Schiller,Mike Dallas,TX United States X
Wilson, Mark Dallas,TX United States X
5 Check only if there is NO Interested Party,
6 AFFIDAVIT I swear,or affirm,under penalty of perjury,that the above disclosure is true and correct.
MWAM CASTILLEJA
Noter Public,State of Texas
� { Y
��•• "� Comm.Expires 03.13.2021LS
10 131041344
Notary
Signature of authorized agent of contracting business entity
AFFIX NOTARY STAMP/SEAL ABOVE �/+^t i}
Sworn and subscribed before me,b the said sate Ondet �r` ood � . , Y' '
y this the day of ,
20 �� to certify which,witness my hand and seat of office.
AAW1 avy) S 10 0-lj KCQt,t. +A+1 sS 15i-o-vit
Signature'of oftr administering oath Printed name of officer adminis eying oath Title of officer 41ministering oath
Forms provided by Texas Ethics Commission www.ethics.state.tx.us Version V1.0.883
City of Fort Worth, Texas
Mayor and Council Communication
COUNCIL ACTION; Approved on 6/20/2017 - Ordinance No. 22789-06-2017 & Resolution
No. 4803-06-2017
DATE: Tuesday, June 20, 2017 REFERENCE NO.: **C-28285
LOG NAME: 60NTESEG4-KHA
SUBJECT:
Authorize Execution of an Engineering Agreement with Kimley-Horn and Associates, Inc., in the Amount of
$541,500.00 for Design and Project Management Services on North Tarrant Express Segment 4, IH-820
from Randol Mill Road to North of Interchange with SH121/SH183, Resolution Expressing Official Intent to
Reimburse Expenditures with Proceeds of Future Debt and Adopt Appropriation Ordinance (COUNCIL
DISTRICTS 4 and 8)
RECOMMENDATION:
It is recommended that the City Council:
1. Adopt the attached resolution expressing official Intent to Reimburse expenditures with proceeds from
future debt for the North Tarrant Express Segment 4 Project;
2. Adopt the attached appropriation ordinance increasing the estimated receipts and appropriations in the
Water and Sewer Direct Purchase Note Fund in the amount of$1,091,500.00 from available funds; and
3. Authorize the execution of an Engineering Agreement with Kimley-Horn and Associates, Inc., in the
amount of$541,500.00 for design and project management services on North Tarrant Express Segment
4, IH-820 from Randol Mill Road to North of Interchange with SH121/SH183 (City Project No. 100987).
DISCUSSION:
On June 23, 2009, Texas Department of Transportation (TXDOT) entered into a 10-year Agreement with
North Tarrant Express Mobility Partners (NTEMP) to identify and construct highway improvements in the
northeastern part of Tarrant County including portions of the 1-35W, 1-820 and SH-183 corridors within the
City. The IH-820 corridor has been organized into segments. Segment 4 is being designed and
constructed by TXDOT under the traditional design, bid and build method. Design of the water relocations
for Segment 4 on IH-820 and SH 121 will be included in TXDOT's plans.
Kimley-Horn and Associates, Inc., proposes to provide the necessary design, project management and
construction services for a lump sum fee of$541,500.00. Construction support services includes attend
preconstruction meetings, on-site observations, construction progress meetings and shop drawing
reviews. Staff considers the proposed fee to be fair and reasonable for the scope of services proposed. In
addition to the contract amount, $550,000.00 is required for project management, real property
acquisition, land costs and inspection.
Engineering for North Tarrant Express Segment 4, IH-820 from Randol Mill Road to North of Interchange
with SH121/SH183 is one component of the overall project that includes project management, easement
acquisition, material testing, inspection, construction and contingencies. The overall project budget is
$4,940,300.00. Design is expected to start in June 2017 and be completed by December 2017.
Logname: 60NTESEG4-KHA Page 1 of 3
Construction is anticipated to commence in January 2018 and be completed by January 2023.
This project will have no impact on the Water Department's operating budget when complete.
This project is anticipated to be included in a future revenue bond issued 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 (DPN) 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, Mayor and Council Communication (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.
M/WBE OFFICE: Kimley-Horn and Associates, Inc., is in compliance with the City's BDE Ordinance by
committing to 27 percent SBE participation. The City's SBE goal on this project is 15 percent.
This project is located in COUNCIL DISTRICTS 4 and 8, Mapsco 66A, 66E, 66F, 66J and 66K.
FISCAL INFORMATION / CERTIFICATION:
The Director of Finance certifies that upon approval of the above recommendations and adoption of the
attached appropriation ordinance, funds will be available in the Water and Sewer DPN Fund for Design
Oversight and Project Management Services on North Tarrant Express Segment 4, IH-820 Project.
Appropriations are as depicted below:
Fund Current Proposed Project
Appropriations Appropriations Total*
Water and Sewer
DPN Fund $0.00 $1,091,500.00 $1,091,500.00
(56011)
Project Total 1 $0.00 $1,091,500.00 $1,091,500.00
*Amounts rounded for presentation purposes.
FUND IDENTIFIERS (FIDs):
TO
Fund Department ccoun Project JProgram ctivity Budget Reference # moun
i
Logname: 60NTESEG4-KHA Page 2 of 3
ID ( ID ( Year (Chartfield 2) l
FROM
Fund Department ccoun Project Program ctivity Budget Reference # moun
ID ID Year Chartfield 2
CERTIFICATIONS:
Submitted for City Manager's Office by: Jay Chapa (5804)
Originating Department Head: Kara Shuror (8819)
Additional Information Contact: John Kasavich (8480)
Logname: 60NTESEG4-KHA Page 3 of 3