Loading...
HomeMy WebLinkAboutResolution 4935-05-2018 A Resolution NO. 4935-05-2018 STATEMENT EXPRESSING OFFICIAL INTENT TO REIMBURSE EXPENDITURES WITH PROCEEDS OF FUTURE DEBT FOR THE SANITARY SEWER MAIN M-245 PARALLEL RELIEF PIPELINE 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 Sanitary Sewer Main M-245 Parallel Relief Pipeline 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 $3,800,000.00 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. 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. oltrWo Adopted this 15th day of May, 2018. ATTES IFORr.!'LO By: _ . U' Ronald P. Gonzales, Assista_- City Secretary TEXAS oRTWo City of Fort Worth, Texas Mayor and Council Communication COUNCIL ACTION: Approved on 5/15/2018 - Ordinance No. 23215-05-2018 $ Resolution No. 4935-05-2018 DATE: Tuesday, May 15, 2018 REFERENCE NO.: **C-28685 LOG NAME: 60SSM245RPR-RJN SUBJECT: Authorize Execution of an Engineering Agreement with RJN Group, Inc., in the Amount of$1,290,000.00 for Sanitary Sewer Main M-245 Parallel Relief Pipeline, Provide for Staff Costs, Property Acquisition and Utility Coordination for a Total Amount of$3,585,000.00, Adopt 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 of future enterprise fund debt for the Sanitary Sewer Main M-245 Parallel Relief Pipeline Project; 2. Adopt the attached Appropriation Ordinance reducing unallocated receipts and appropriations in the Water and Sewer Commercial Paper Fund in the amount of$3,585,000.00, for the Sanitary Sewer Main M-245 Parallel Relief Pipeline Project; and 3. Authorize execution of an Engineering Agreement with RJN Group Inc., in the amount of $1,290,000.00 for the Sanitary Sewer Main M-245 Parallel Relief Pipeline Project. (City Project No. 100997) DISCUSSION: This Mayor and Council Communication is to authorize the preparation of plans and specifications for a parallel 60-inch relief sanitary sewer main to the existing 72-inch, M-245 West Fork Interceptor to address system capacity issues in the West Fork Basin. The Fort Worth Wastewater Master Plan recommends the construction of a parallel relief line to connect two downtown deep tunnel sewers with two West Fork trunk sewers near 1st Street, north of Gateway Park. The existing M-245 is located along Ham Branch Creek and along the original channel of the West Fork of the Trinity River. The proposed scope of services includes design for a 13,600 foot, 60-inch sanitary sewer main; design for an additional 6,000 feet for the replacement and rehabilitation of various segments immediately upstream and downstream of the existing M-245 that are severely deteriorated and/or require rerouting to eliminate conflict with Trinity Railway Express railroad track expansion project building encroachment; design for connection to the proposed 60-inch relief main and the existing M-245; manhole inspection; geotechnical investigation; environmental permitting; easement preparation; subsurface utility engineering; coordination with various agencies and assistance during construction. RJN Group, Inc., proposes to provide all the necessary design services for the Sanitary Sewer Main M- Logname: 60SSM245RPR-RJN Page 1 of 3 245 Parallel Relief Pipeline for a fee of$1,290,000.00. Staff considers the proposed fee to be fair and reasonable for the scope of services proposed. In addition to the contract amount, $2,295,000.00 is required for project management, utility coordination and real property acquisition. Engineering for the Sanitary Sewer Main M-245 Parallel Relief Pipeline project is one component of the overall project that includes project management, real property/easement acquisition, utility coordination, material testing, inspection, construction and contingencies. The overall project budget is $19,000,000.00. Design is expected to start in June 2018 and be completed by June 2020. Construction is anticipated to commence in October 2020 and be completed by October 2022. This project is part of the Water Department' s Sanitary Sewer Overflow Initiative Program. This project is anticipated to be included in a future revenue bond issue 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 Callable Commercial Paper Program (CP) 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 CP 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 2018-2022 Five Year Capital Improvement Plan on December 12, 2017, Mayor and Council Communication (M&C G-19187). This City Council adopted plan includes this specific project, with funding identified through the CP program to be reimbursed with future revenue bonds. In accordance with the provisions of the Financial Management Policy Statement, 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 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. This project will have no impact on the Water Department's operating budget. M/WBE OFFICE — RJN Group, Inc., is in compliance with City's BDE Ordinance by committing to 26 percent SBE participation on this project. The City's SBE goal on this project is 10 percent. The project is located in COUNCIL DISTRICTS 4 AND 8. 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/Sewer Commercial Paper Fund for the Sanitary Sewer Main M-245 Parallel Relief Pipeline Project. The Water and Sewer Commercial Paper Fund includes authority of$150,000,000.00 for the purpose of providing interim funding for Water and Sewer Capital Projects. After this transfer, the balance will be $139,966,768.00 for future capital projects. Funding for the Sanitary Sewer Main M-245 Parallel Relief Pipeline Project is depicted in the table below. Logname: 60SSM245RPR-RJN Page 2 of 3 FUND Existing Additional Project Total* Appropriations ,Appropriations y W& S Commercial Paper $0.00 $3,585,000.00 $3,585,000.00 Fund (56016) Project Total [$0.00 $3,585,000.00 F$3,585,000.00 * Numbers rounded for presentation purposes. FUND IDENTIFIERS (FIDs): TO Fund Department ccoun Project Program ctivity Budget Reference # mount ID ID Year Chartfield 2 FROM Fund Department ccoun Project Program ctivity Budget Reference # moun ID I3 Year Chartfield 2 CERTIFICATIONS: Submitted for City Manager's Office by: Jay Chapa (5804) Originating Department Head: Chris Harder (5020) Additional Information Contact: Liam Conlon (6824) Logname: 60SSM245RPR-RJN Page 3 of 3 • �t tea`;, aiagiEE�EEEE tICEI!!i!i i;lElElE �!'sliAli!Ill i;tiatAc tt■tl�� r r ate s :iRws ! ����II ; +�=E `T r t is gImn F C �f. + - fBElE.lEEE Et3EE>E1EEa i.EI iEE r:iti'tiNt.ii •t +. t^" ._:t/ia., : .. alit^ _�,e�tr� t «;aim■Rt Li;c -Iw ,iv a�RS ''�+°' s�i1CiEEEi B�eCC$IEEli!E�lEIEE "gyp �talLltMai:�IEHOM EIiUIEEEEI r4zAAtli.s ?is::tflttu _ r tieff.11A r YI i �ii+l?fill IA■of f!,alfi. ■ i i •EE?iirl11Siiiiliiiiilitl IRE as , ?it:1:>€aI i, x:mfr UA ,F, 'Pi!�� 1_ -,j�LrR,4-�j1/.ii�+"Ic�ll!{{i�!�i'�tuw»iIIi0lllrtii,��+ir, rtz lsea ii ■■+li�j � � :.- � ��• ..+It7rlitA ,A� a w ■ a .n ��, �I P!�;alai,�( =til � •%rf11 , r<iso Aryrlgn \ xa ��r, .mla "+til IItN1Il5li..��.Ddtitrll■lategft -i �' ' �� �1 " .•.i'+,t■ , _ C4M tl i3[t# . i t. itiEl tliiliiillt * ij rlil!{lit*111i3� gill 46fiit� r. + old 3rilii. trt/n i/■lR�. v 3•iR � � i 1 f " � .t� �„, � ,1 nrlltenln;asl y r i?♦ .� ��+ " ;�' ;;,- < { � ?Isr Y1.AFAihtt■■.,..:�, �: . . �' �.AI�� �;,._E91{�D7 ..:�� � .-. .`�§� �..� -_ allit Ailigl ifR■ •�,,,. t» — 1 -'4'; � +F/ttS�rli!illill��Iltl 1+illdf6+1 t tY� `� r � i i f, �� �f� atau xv !ttwiss� tiliil iR iu a- r+�-� ►� !i� lk6�a'. �� �`�" -..i moi" � .# .,Ir-Ilsval@I....��ttttlitiu tlahflEti� -,;al n 6! »4 - y�ia!"1 +a♦� l ■ fti ) fillIOW6 trams to f! ili�It?I R� �� ♦r♦ .as„•, + lt1111/fr�� ii li%■i1��at i'.ri�ii N td®i#i �..E'rtl it ti5J1 °iiia ,f Gig'" " ■ Ni a ♦♦i♦ . e■■!ti�EI■ Ill/i/r'.t%C�llEl r ?iHi la�i i!I -1,w�9 _ 'uy��fi;�..�` � `�R� r._.rlr.rN�w� r _, -+ia_a'�i r' s �...AIM• I! ' a till" B I�����/BI Ifa ��• �.... ��'C• � #-'�A'���� L4L' yY • � .,a xa to i r• .. .::i ,w"" �� ��# flt�E �•1 � kr9+ - i=.� _ _c-"'�� •x LiYax�F��� ,i,.�1 �ai-ti.s�:t �� • ii •- 2, fi _ .�~� ae»r.!w Is alit) w.rtari - 1,. �I+r .' ■ l i?♦t rs.sir its ix1i* a, itIN ! R l .» - -tf!�Lf ■''„ l� 1■ ii Ca 6. 3 a • ,.. t. to i 1 �aFl !?" t, y�t R ■sS?S;Yt - c�hiit2tffi� ti-t:t€ Y -.='tllHi. i .4r9M:ii- �a�� ■ ?Of�r� ■ fall€itS r .1 Vii■tlltl / DIiN ailP Nn,�dl+1!j1Ak1�'f, iI 9fiski�€ R?` ■,vu'`+is t7ifGt tiiCl i4o itlMl S$? tiS!Mfl i ' t 1?C � r;r ! -a" 4 /tri :T+l - ?4"zii f I+tSi:Fit+-iattlill ,pinlf�•a-I` Mei {Mr i i�ojl,- `�. iiiiti MI+a' :■B ts,D i ItCsiP r i Ni'. 11xs1• a lilli/IiiifL iiii8 l Htit■:rtt 19.rFy1f!i'♦ ! i1 i'tl tib '� _ ■ = r P' f » '� i i 1 r i1a11 !Illi X i"�L#iiii riaA sstiass iili7i(a ails :i i Bit { ii-lil ti;#twtitt itis- iN L`i6>mi'toll it ■marl k r �r s+wtf.Lf Yt ■■ ..r �' I a x°..: iii l 3iR li ifi a f/?ts�rlri S t i/I .6s•oil,ill?< 41MENEW--.Xi ' l�,a i l ifstt i j !�lid C t E irlta 4+tF11 a iist4I I INII/II r. � °'�S ` ,.c i .•1` litfl•i.'i Hs Ai a. - . �F . ,a�.r' C���' i4 /� ■ NI^�=h t i t1 1.� � - --- 4 ii/1A f IA 44 N.v allAll 'IV ' � J ki"r( �• w 1 lia}f-3 '-'a.sm /�"Y'�,j ,.,.A• lii'"p SNM AS � { I �,i►" � Tim x iaRl tiip!i a- '� �> ������.v r>F-�s er LiMr II■aA�r a,i i �! x� ... `��:x Iltr tr�> !9 nu il� lal'1 rl _ + 'a I � AE iidr I it i1r:Ntll st'a• ?iat t i it i i6 ?l w IN 1!f♦:C'ill� tV �j 11j /O Ei fI`a 1 Yi iii ai i u�r Li. 1 7 Y£L {i}1� 4tIOW— Cit nr■�� �"•t_ � s�t�1 �. i :�{; �f i E.`q i1a". t^t3 f i 1st is atH 1 ii � r ! » l ; i `!1.'t'J2+ti;iEEti i �� -� ^kJYi ��• 1tt+�l�� RSI:I? i.tat ii� ?art: .!!!t116lIIi�l ii4EE'llll • � " '�° ■IC1111'�� i - wlii� ut9�liss¢^� a Ill , ■ails 9rd ar ''- � /�. Ma a iii la`i'c'i i � Ir IIb7+ i i��i:i�Yli �t lil■ Want■ `-eily� _ ,. tit►:ill • ills 'i �,�� t_ae r• t S I r la t t =fi. - Alkat++ftRt - + uwfi a■s is ols�: illi 11 :?i'i --- �tw _� -, aPsO� -sgr�t p '.. t ?i..i - ca ilii 4�� �-�� Ilil liirl aa-U• 11-ii.! t\ ga[1it1=s t' tHtt a,.•_.:F� i - it i •t.•»li ■R lie♦ e S>;rtl!'1?I9 �■ ii'r S-t. ?e alA �. - s� Al1if1 iN :.t!tl'i:l■■ t au-"li fi/ i 1 ilia 1!/a " a?�I Mt 4 a t,N rw aw r• +o T .14 z? dna Rit+l�1l�' �� F, �� •.■'. Il li 11 (i t••.i-1 i i/tt a ila/i C'rt t.iA Mfi■n. • .It a°' y� 01701 ae tr-ill tt �l saa a� sSS tl 0!i+ �. MIMI St`3 r s.•• Ill. + Old -_1 i ii sit 1 l- J, ■ Y3te Ala a1 2'.i. � 14 " i :? / r. I u t .a nn�nnlna.1■ -1 1 �$/! t "Altlt+1 F'i" '"'r +� a-` •% 1 D i:� Ri a :ri ilii 4:ti:r all /f/ 'f!�i Ei ai.l'5 ■■ C , i4iYl.i i oil �l � � i r 1 i t{■ atii 8i11! 1��.► /l.+�,♦ ,g; �' rA� ;� _ p " ; fl.i ri T tl. FI. /!11 a■i1 tai■1 131_ Alia!• �:' _ *Y "11 .rA'lh�r t^ ���S iai'4.aN ria aNL ii 1 fill Y{R 1{111/ i•11'44 I;lilt+i f(� .�..'��i <'` :'n iti-� 1 a i11� 6 Y 1- It i.a NIi'{!t Y/ktlii//fH. N■M Nits•!.14�•��� � � - � t � � �1' � ' i 1:lia"e later,-s.t,n +il t N tri:It ill N iri.w 1 Isi.fS 1iC�#� 'n ...1a #•!t iii.'f-.! F?.+i`�Rt��,Oriis/i iY 9i ar v � , t lICEIHI' ta' " ktt �- �as sir i;i3l���f�'{ltEEi HlaliAril li tc er � ir� iw; a � I��_ 4E! �"" 1{-r►v nt,.1 xr ..1 i =. -�'- •ITi{Ittltil`.t f ai tSt+•" i t N t.l I •'ltaa t'.i.a.! ry'� '■f.... � �"`- N. {{ � Rt\ 7 ,a.a vrt■ _�''`+' _;a ui+slli..a=• .._1s1 i.,ai I I w 1 r lin a raa ar +, 1 rp z to: rE�bY'TMl /Ili S ,=dill S loll p j alt t alln i ;L t A■lltla __ Nil 1.1 trA e t ■■- � p �1 w �e s' !t,!t'� '.• �atr !dI• roil r H,1.1/i! t� ■ •� li i • '�� ;f i- ...!ai'IS: y� 1d A 1 1 klri➢iii 41 i= Y.. �,> aMFit `.'f �FORT WOR .1111!Itt"a.'taE at aa` a 41 Ilt��A� /Alf■G Ir il+ - I+E�t r lIIN.i Irgal•_L,,lil ' t'- -• _ rani uu•i :Iq ��- • •.. � . +�Blhl•f i fol .t M / w� 4i nlR-i- •' .7• .y •,L 1rt•IYAi plMlld•t tl+'tnitr tlll! tall■911 ■NFII-taltaa{pill}!F i -...- -Y._.•d__�t.. IIL:tn:u1■R..�li+u� ..'s1R?' _ L -n ..�! _.t ....,nI n.1..- ....: