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HomeMy WebLinkAboutOrdinance 23447-10-2018 Ordinance No. 23447-10-2018 AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE INTERGOVERNMENTAL CONTRIBUTION FUND, FROM REGIONAL TOLL RECEIPTS IN THE AMOUNT OF $5,600,000.00, FOR THE PURPOSE OF FUNDING CONSTRUCTION OF ROAD IMPROVEMENTS ON TRINITY BOULEVARD, AMERICAN BOULEVARD AND US HIGHWAY 360 FRONTAGE ROAD; 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 2018-2019 in the Budget of the City Manager, there shall also be increased estimated receipts and appropriations in the Intergovernmental Contribution Fund in the amount of $5,600,000.00, from Regional Toll Receipts, for the purpose of funding construction of road improvements on Trinity Boulevard, American Boulevard and US Highway 360 Frontage Road. 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 23392-09-2018 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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: CITY SECRETARY - f Ric, and McCracken Mary J. Kayser ` Assistant City Attorney ADOPTED AND EFFECTIVE: October 16. 2018 7/ PROPOSED CONCRETE PAVEMENT PROPOSED i PROPOSED CONCRETE PAVEMENT ( j CONCRETE PAVEMENT ,a� '1 �II' PROPOSED 12, PROPOSED 5' � \1 III REGIONAL TRAIL IF ;'i 1. PROPOSED t CONCRETE PAVEMENT PROPOSED PROPOSED - CONCRETE PAVEMENT RETAINING WALL PROPOSED CONCRETE PAVEMENT EXHIBIT 'B' 0 60 120 Pacheco Koch PAVING EXHIBIT AMERICAN AIRLINES TRINITY COMPLEX .6100 WESTERN PLACE.SUITE 1001,FORT WORTH,TX 76101 811.412.]155 FIRM REG6TRATION HUMBER F-469 ' OF ' SCALE: 1"=60 ft. PROPOSED 10' CURB INLET PROPOSED 10' 18"CLASS III RCP CURB INLET 30"CLASS III RCP PROPOSED 10' CURBINLET 24"CLASS 111 RCP PROPOSED 10' CURB INLET 18"CLASS/l/RCP l _ PROPOSED 10' �\ CURB INLET 18"CLASS I//RCP EXHIBIT '131' Pacheco Koch STORM DRAIN EXHIBIT o 60 izo �� AMERICAN AIRLINES TRINITY COMPLEX 6100 WESTERN PLACi.SJ ITE 1001.FORT WORTH.T%]610] 91]412.]155 =IRM RECISTugPON NUMBER F-469 ' OF ' SCALE: V=60 ft. zC -132 it �36'� 132' �.a 6•—^ 132' Post Oak BlvdT Post Oak Blvd American blvd .m. .n.. ... X=11, PROPOSED B PROPOSED PED ACCESS GROUND BOX POLE- - - --- EX-011 OLE- - - --IX-oH - - - - PROPOSED SIGNAL -- -- PROPOSED POLES,ARMS,AND C GROUND BOX SIGNAL HEADS = AMERICAN BLVD PROPOSED ..�.. I --- PED ACCESS POLES ® A �- aw PROPOSED GROUND BOX - - - _ -- M- 11 - - PROPOSED xi' -- GROUND BOX Q 0 ' 0 EXHIBIT V CL STREET LIGHTS, SIGNS, 0 60 120 Pacheco Koch & SIGNAL EXHIBITS 6100 W-14 PLACE,501TE 1001,FORT WpRTH,i%]610) 01].812.]155 FIRM REGISTRATION NUMBER F-469 3 OF 5 SCALE: 1"=60 ft. Z l ` PROPOSED Q I GROUND BOX LU co PROPOSED PED ACCESS POLES ®� PROPOSED GROUND BOX r� EXHIBIT V STREET LIGHTS, SIGNS, 0 60 120 Pacheco Koch & SIGNAL EXHIBITS 6100 WESTERN PLACE,SUITE 1001,FORT WORTH,T%76107 817.412.7155 FIRM REGISTRA710N'UMBER F-469 4 OF 5 SCALE: 1"=60 ft. -• PROPOSED LED 1 I� �► �'" STREET LIGHTS I' SPACED EVERY 200' i PROPOSED LED STREETLIGHTS SPACED EVERY 200' 1 i! PROPOSEDLED , �II I STREET LIGHTS H 4, r4 1It SPACED EVERY 200' NOTE: VARIOUS STREET LIGHTING LOCATIONS ON TRINITY AND ON AMERICAN WILL BE UPGRADED TO LED. EXHIBIT RC1 STREET LIGHTS, SIGNS, Pacheco Koch & SIGNAL EXHIBITS 6100 WESTERN PLACE.SUMS 1001,FDRT WORTH,T 76101 517 412.71 55 FIRM REGISTRATION NUMBER F-469 JG OF 5SCALE: 1"=60 ft. MATCH LINE 0 Y RELOCATED SIGNAL P ED PROPOSED POLE, ARMS, AND CE PED ACCESS 10 SIGNAL HEADS PO ET-rE` Q o PAC ES Ia PROP;ED PED A CESS -► O E' POLE -► TRINITY BLVD - 511111111. Ifni PROPOSED GROUND BOX -- _z Ty BL-VD o PROPOSED GROUND 00 BOX A -� f 0 aI I MATCH LINE «Tori ity Blvd EXHIBIT V STREET LIGHTS, SIGNS 0 60 120 Pacheco Koch & SIGNAL EXHIBITS 6100 WESTERN PLACE,SUITE 1001,FORT WORTH,T 76107 017.412.7155 :IRM REGISTRATION NUMBER F-469 1 OF 5 SCALE: 1"=60 Iqq E. m U } 183 w Z �9 ROSS �o > ALEXAND Rte. 3 o w ALEXANDER MARTIN \ Y ARNE V�RNO Ln -j NN z \ z z O LIND PUCN�� N y :.ia WEST HUITT E HUITT PjK R o Qa > z wr TK I oma_ R arr o z � a —� KO�N ark to B YL S zZ< w JEAN _ CLE6 U _ / NE REAVE E ERGRE 360 SI I OILYW OD <Q zU o ORNING E z � } WHITE ER a CLAYMOR� z Q z w M a U G4FP�oo/> m ?, o m SIU 517E 0 s � Q SU SET TRINITY FORT z w VILLAG WAY IVI LET FERRIS Y s g P057 OAK VICINITY MAP NOT TO SCALE Pacheco Koch MAPSCO-TAR-O56P 6.00 WESTERN PLACE.SUITE 1001,FORT WORTH,Tx 76107 COUNCIL DISTRICT#5 917A1 2.7155 FIRM REGISTRATION NUMBER F-469 AMERICAN AIRLINES TRINITY CAMPUS PROJECT#101314 City of Fort Worth, Texas Mayor and Council Communication COUNCIL DICTION: Approved on 10/1612018 - Ordinance Nos. 234--47-10-2018 & 23448-10- 2018 DATE: Tuesday, October 16, 2018 REFERENCE NO.: C-28898 LOG NAME: 06AAECFA-2018 SUBJECT: Rescind M&C C-28730; Authorize Execution of an Advance Funding Agreement with the State of Texas for Regional Toil Revenue Funds in an Amount Not to Exceed $7,000,000.00, with a Local Match of $1,400,000.00 for Road Improvements on Trinity Boulevard, American Boulevard and US Highway 360 Frontage Road; Authorize Execution of an Enhanced Community Facilities Agreements with American Airlines, Inc., with City Participation with Regional Toll Revenue Funds in an Amount Not to Exceed $5,600,000.00, and City Participation with Non-Regional Toll Revenue Funds in an Amount Not to Exceed $2,000,000.00 for the Construction of Road Improvements on Trinity.Boulevard, American Boulevard and US Highway 360 Frontage Road; Authorize Allocation of$1,275,000.00 in 2014 Bond Program Enhanced Community Facility Funds for the Project; and Adopt Appropriation Ordinances (COUNCIL DISTRICT 5) RECOMMENDATION: It is recommended that the City Council: 1. Rescind M&C C-28730, authorizing execution of an Enhanced Community Facilities Agreement with American Airlines, Inc., in an amount not to exceed $1,700,000.00; 2. Authorize the City Manager to execute an Advance Funding Agreement with the State of Texas with a project amount not to exceed $7,000,000.00, to provide the City with Regional Toil Revenue funds in an amount not to exceed $5,600,000.00 with a twenty percent local match in an amount not to exceed $1,400,000.00 for road improvements on Trinity Boulevard, American Boulevard and US Highway 360 Frontage Road; 3. Authorize the City Manager to execute one or more Enhanced Community Facilities Agreements with American Airlines, Inc., with City Participation with Regional Toll Revenue funds in an amount not to exceed $5,600,000.00, and City Participation with Non-RTR funds in an amount not to exceed $2,000,000.00 for road improvements along Trinity Boulevard and American Boulevard, and US Highway 360 Frontage Road for the new American Airlines corporate headquarters facility; 4. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations of the Intergovernmental Contribution Fund in the amount of$5,600,000.00; 5. Allocate the amount of$1,275,000.00 in 2014 Bond Program Enhanced Community Facilities funds to American Airlines Trinity Complex Project 101314 to complete road improvements; and 6. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the Transportation Impact Fee Capital Legacy Fund up to the amount of$1,045,000.00 from available funds. DISCUSSION: Logname: 06AAECFA-2018 Page 1 of 3 On November 10, 2015 the City Council adopted Ordinance No. 21968-11-2015 (M&C G-18605) designating Tax Abatement Reinvestment Zone No. 91, City of Fort Worth, Texas, and approved execution of a Tax Abatement Agreement with American Airlines, Inc., (Company), and the Dallas/Fort Worth International Airport Board for development of a corporate headquarters facility (Headquarters Project) on property at Dallas-Fort Worth International Airport located within the City of Fort Worth (City Secretary Contract No. 47341, as amended). Under the Tax Abatement Agreement, the City agreed to abate a maximum of between 75 to 90 percent of the incremental real and personal property taxes from the site for a period of one year provided that Company expended at least $200 million in real property improvements by December 31, 2019 on property in the reinvestment zone and consider up to $2,000,000.00 in enhanced community facility funds for public infrastructure projects associated with the Headquarters Project. As part of the project the Company anticipated expending approximately $1,650,000.00 for the construction of road improvements including deceleration lanes, turn lanes, signaling, sidewalks and street light improvements on Trinity Boulevard, American Boulevard, US Highway 360 Frontage Road (Public Infrastructure). On June 13, 2017, the City Council authorized execution of an Enhanced Community Facilities Agreement (ECFA) (M&C C-28274) under which the City would reimburse Company up to $950,000.00 of construction costs. The Company proposed to expand the scope of the Public Infrastructure project to include widened roadways and turn lanes on Trinity Boulevard, US Highway 360 Frontage Road, and American Blvd. to accommodate the planned additional employee traffic at a total approximate cost of$7,000,000.00. On June 12, 2018, by M&C C-28730, the City Council rescinded M&C C-28274 to cancel the 2017 ECFA that was never executed and authorized execution of a new ECFA with City Participation in an amount not to exceed $1,700,000.00. After further design and discussions with the Company, City staff is recommending increasing the City's participation in the Public Infrastructure project to $2,000,000.00 representing the entire commitment in the original tax abatement agreement. It is anticipated that the Regional Transportation Council of the North Central Texas Council of Governments will receive a recommendation to authorize funding in support of the public infrastructure improvements on Trinity Boulevard. This M&C seeks authorization for the execution of an Advance Funding Agreement (AFA) between the City and the State of Texas, acting through Texas Department of Transportation, (TxDOT) for Regional Toll Revenue (RTR) for the public infrastructure improvements along Trinity Boulevard. If approved by TxDOT, the AFA may also include improvements to American Boulevard and US Highway 360 Frontage Road. The AFA would have a project amount not to exceed $7,000,000.00, which would provide the City with RTR funds not to exceed $5,600,000.00, with a twenty percent local match requirement not to exceed $1,400,000.00. This M&C further requests authorization for executing one or more ECFAs with the Company, with City Participation with RTR funds received from TxDOT in an amount not to exceed $5,600,000.00 and City Participation with Non-RTR funds in the form of ECFA funds and Transportation Impact Fee funds in an amount not to exceed $2,000,000.00 for the Public infrastructure. Appropriation and contract authority for the entire $2,000,000.00 provides the flexibility to fund more than the 20% match, as needed, to keep the project on schedule pending access to RTR funds. Any remaining City funds will be available to the Company for additional eligible infrastructure improvements through a separate contract or amended contract, both authorized by this M&C. The Company will be responsible for all costs exceeding the RTR funds received by the City from TxDOT under the AFA and the City's Participation in the amount of up to $2,000,000.00 of Non-RTR funds. City staff intends to execute an ECFA with the Company for the Trinity Boulevard improvements prior to execution of the AFA with TxDOT in order to pay for project design costs. Company will not be authorized to proceed to construction on the Trinity Boulevard improvements until the AFA is executed. The Public Infrastructure must still be completed by December 31, 2019, subject to extensions due to delays by weather, force majeure, and City and other governmental changes or delays in review Lognwne: 06AAECFA-2018 Page 2 of 3 procedure, approvals, or inspections. If the Public Infrastructure is not completed by then, Company will be in default under the ECFA. A portion of the expenses associated with this ECFA will be funded from the 2014 Bond Program. Available resources within the General Fund will be used to provide interim financing for those expenses until debt is issued. Once debt associated with this project is sold, bond proceeds will reimburse the General Fund in accordance with the statement expressing official Intent to Reimburse that was adopted as part of the ordinance canvassing the bond election. Additionally, a portion of the construction funding will come from Transportation Impact Fee Revenues in Service Area N. The intersections of Trinity Boulevard with American Boulevard and with State Highway 360 southbound frontage road were identified as transportation impact fee eligible in the adopted 2017 Transportation Impact Fee Study. The transportation impact fee funding will be restricted to turn lane improvements to American Boulevard and Trinity Boulevard and will not be used to fund through-lane improvements. The Project is located in COUNCIL DISTRICT 5. FISCAL INFORMATION / CERTIFICATION: The Director of Finance certifies that, upon approval of the above recommendations, and receipt of State Funds, appropriations will be available for American Airlines ECFA in the Critical Capital Projects Fund (39001) included in the Fiscal Year 2007 Bond Program, the 2014 Bond program (34014), and the Transportation Impact Fee Capital Legacy Fund (39008). FUND IDENTIFIERS (FIDs): TO Fund Department ccoun Project Program ctivity Budget Reference # moun ID ID Year Chartfield 2 FROM Fund Department ccoun Project Program ctivity Budget Reference # moun ID ID Year Chartfield 2 CERTIFICATIONS: Jay Chapa (6122) Submitted for City Manager's Office by: Susan Alanis (8180) Randle Harwood (6101) Originating Department Head: Doug Wiersig (7801) Additional Information Contact: Robert Sturns (2663) Logname: 06AAECFA-2018 Page 3 of 3