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Home My WebLink AboutOrdinance 22787-06-2017Ordinance No. 22787-06-2017 AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE AMOUNT OF $800,000.00 IN THE INTERGOVERNMENTAL CONTRIBUTION FUND, FROM AVAILABLE FUNDS, FOR THE PURPOSE OF FUNDING CONSTRUCTION OF A SEWER LINE IN THE PROPOSED TRINITY BOULEVARD ROADWAY PROJECT; 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 amount of $800,000.00 in the intergovernmental contribution fund, from available funds, for the purpose of funding the construction of a sewer line in the proposed Trinity Boulevard roadway project. 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 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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 4 This ordinance shall take effect upon adoption. APPROVED AS TO FORM AND LEGALITY: Douglas W Blac Sr. Assistant City Attorney ADOPTED AND EFFECTIVE: June 20. 2017 CITY SECRETARY � � , ary J. , Y Location Map Trinity Boulevard City Project Number 02290 Kimley>»Horn FIRM REGISTR� N W � E s 1 inch = 1,000 feet 0 500 1,000 Feet T'.�'r � �'-1 -•�,' :.i ) %'�T�'r � � '��IS��r�{1 •� � �� - �� (�.a ,•p�.l�, ��.� F 1;!�'�r �-•�i � `�� v r�:�, ■riJ. %.��. � . i .. r `li��!'� . ,�ir�',�� 'M{�� • t .V � ' � �. i►� �� . .'� ' �- � ` �' � '�'� \ +� a.��I� .d i — •�` •� ,�a• c � �' -• � �; ., �:•� i ..s, ' � . �•. :_� ?_ _ , - , ` � .,. .. � g. � • - =�,� 2 �I' � -� � j�j � _ f .-� �c,.�..' �''. i� --r= __�r��--��^��r��r.r..��.>> , ' rj� ` � .c:�%'� -�;� � i�l� r e��rir��: ..� + . - - , �' � ^ r i+ �� j .. . - . - . - ar,. �� ,J�Ad1_ � JI/la lIIIJII/%1 ��' r ;� ' ' _ �� y is/;�' ^ ,• � ' �l/I�Ii �il J� / � �'.'� i � � � " - � .. ,� . _ ,., l - '' . 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(C��D - .00`o - oo a Q(G�� ,.,�,a..ts.._.._. ..._.._n "- - - - - — - ""m'" City of Fort Worfh, Texas Mayor and Council Communication COUNCIL ACTION:' Appro�ed on 6/20/2017 - Ordinance No, 22787-06-2017 DATE: Tuesday, June 20, 2017 REFERENCE NO.: **C-28282 LOG NAME: 201NTERLOCAL AGREEMENT WITH TRINITY RIVER AUTHORITY OF TEXAS SUBJECT: Authorize Execution of an Interlocal Agreement with the Trinity River Authority of Texas in the Amount of $800,000.00, Authorize Execution of Community Facilities Agreement with Riverbend Investment, LTD, with City Participation in the Amount of $800,000.00 for the Construction of a Sewer Line Within Trinity Boulevard, Authorize Execution of a Community Facilities Agreement with Riverbend investment, LTD, in the Amount of $11,750,000.00, with no City Participation, for the Construction of Trinity Boulevard Roadway Project, Authorize Wavier of the CFA Policy to Allow a Financiai Guaranty in the Form of Access to Loan Funds in the Amount of One Hundred Percent of the Costs of Construction and Adopt Appropriation Ordinance (COUNCIL DISTRICT 5) RECOMMENDATION: It is recommended that the City Council: 1. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the Intergovernmental Contribution Fund up to the amount of $800,000.00 from available funds; 2. Authorize execution of an Interlocal Agreement and acceptance of funds up to the amount of $800,000.00 from Trinity River Authority of Texas for construction of a sewer line in the Trinity Boulevard roadway project No. (C-02290); 3. Authorize Execution of a Community Facilities Agreement with Riverbend Investment, LTD, with City participation in the amount of $800,000.00, for the construction of a sewer line within Trinity Boulevard; 4. Authorize Execution of a Community Facilities Agreement with Riverbend Investment, LTD, in the amount of $11,750,000.00, with no city participation, for the construction of the Trinity Boulevard roadway project No. (C-02290), 5. Authorize Wavier of the CFA Policy to allow a Financial Guaranty in the form of access to loan funds in the amount of one hundred percent of the costs of construction of the two CFAs. DISCUSSION: As part of the upcoming reconstruction of Trinity Boulevard from IH 820 to Salado Trail_by Riverbend Investment, LTD, (Developer) under the proposed Community Facilities Agreement (CFA) (Recommendation No. 4), a new portion of sanitary sewer line, owned by the Trinity River Authority of Texas (TRA), within the roadway corridor must be constructed. The TRA has agreed to enter into an Interlocal Agreement with the City, and the City is entering into a CFA with Developer (Recommendation No. 3), for this construction. The construction of the roadway and sewer line is scheduled to start later this year. Logname: 20INTERLOCAL AGREEMENT WITH TRINITY RIVER AUTHORITY OF TEXAS Page 1 of 2 Staff is recommending that the City Council authorize a waiver of the CFA Policy for both CFAs to accept a financial guaranty giving the City access to the Developer's loan funds in the amount of one hundred percent of the costs of construction to ensure completion of the projects. The Developer has previously entered into a TIF Agreement regarding the costs of construction for the Trinity Boulevard improvements. esign Gontrol and Incidentals Nroject Management/Inspection/Contingencies, Etc. T m.�_.— � __ �___�__�__ T�____._. Total Project Budget Amount ).00 ______ _ � .. _.. _�..---- i94,973.00 105,027.00 _�...._____— 800,000.00 This contract will be with a governmental entity, state agency or public institution of higher education: (Trinity River Authority of Texas). FISCAL INFORMATION / CERTIFICATION: The Director of Finance certifies that upon approval of the above recommendations, and adoption of the attached appropriation ordinance and receipt of future funds, funds will be available in the current budget, as appropriated, of the Intergovernmental Contribution Fund. FUND IDENTIFIERS (FIDs�: TO Fund Department cc ID FROM Fund Department Acc� ID CERTIFICATIONS: n Project Program ctivity Budget Reference # moun ID Year (Chartfield 21 un�Project �Progra ID Submitted for City Manager's Office by• Oriqinatinq Department Head: Additional Information Contact: ctivity Budget Reference # mou Year (Chartfield 2 _ Jay Chapa (5804) Douglas Wiersig (7801) Patrick Buckley (2443) Logname: 20INTERLOCAL AGREEMENT WITH TRINITY RIVER AUTHORITY OF TEXAS Page 2 of 2