HomeMy WebLinkAboutOrdinance 23469-11-2018 Ordinance No. 23469-11-2018
AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE
WATER AND SEWER COMMERCIAL PAPER FUND IN THE AMOUNT OF$1,776,419.00,
FROM AVAILABLE FUNDS, FOR STREET PAVING IMPROVEMENTS AND WATER AND
SANITARY SEWER MAIN REPLACEMENT PROJECTS; 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 Water
and Sewer Commercial Paper Fund in the amount of$1,776,419.00, from available funds, for street paving
improvements and water and sanitary sewer main replacement projects.
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said prior ordinances and appropriations are hereby expressly repealed.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
Douglas W ITIack Mary J. Kayise
Sr. Assistant City Attorney
ADOPTED AND EFFECTIVE: November 6. 2018
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MAYOR AND COUNCIL COMMUNICATION MAP
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City of Fort Worth, Texas
Mayor and Council Communication
COUNCIL ACTION: Approved on 11/6/2018 -Ordinance No. 23469-11.2018 & Resolution
No. 5001-11-2018
DATE: Tuesday, November 6, 2018 REFERENCE NO.: C-28924
LOG NAME: 20VARIOUS STREET IMPROVEMENTS--WOODY CONTRACTORS, INC.
SUBJECT:
Authorize Execution of a Contract with Woody Contractors, Inc. in the Amount of$3,147,719.50 for
Combined Street Paving Improvements and Water and Sanitary Sewer Main Replacements on Four Street
Segments, Adopt Resolution Expressing Official Intent to Reimburse Expenditures with Proceeds of Future
Debt and Adopt Appropriation Ordinance (COUNCIL DISTRICT 5)
RECOMMENDATION:
It is recommended that the City Council:
1. Adopt the attached Resolution Expressing Official Intent to Reimburse Expenditures with Proceeds of
Future Debt for Water Department improvements for Lake Shore Improvements Project;
2. Adopt the attached Appropriation Ordinance increasing appropriations in the Lake Shore
Improvements Project in the Water and Sewer Commercial Paper Fund in the amount of$1,776,419.00
from the remaining unallocated appropriation; and
3. Authorize execution of a contract with Woody Contractors, Inc. in the amount of$3,147,719.50 for
Combined Paving Improvements and Water and Sanitary Sewer Main Replacements on four street
segments (City Project Nos. 100830, 100739, 100740, 100741 and 100743).
DISCUSSION:
This Mayor and Council Communication (M&C) is to authorize a construction contract for water, sanitary
sewer and paving improvements on approximately 3.88 lane miles on the following streets:
Street From o
Grayson Street JCasa Loma Terrace S. Cravens Road
Elgin Street Dillard Street Otalcup Road
Handley Drive IMeadowbrook Drive 1E. Lancaster Ave.
Casa Loma Terrace IN. Dead End 0. Dead End
The Transportation and Public Works Department's share on these contract improvements will be
$1,609,695.00 which is available in the Street Improvements Supplement Fund (City Project Nos. 100739,
100740, 100741 and 100743). The Water Department's share on this contract, $1,538,024.50 is available
in the Water and Sewer Capital Fund of the project (City Project No. 100830).
The project was advertised for bid on July 5, 2018 and July 12, 2018 in the Fort Worth Star-Telegram. On
August 16, 2018, the following bids were received:
Logname: 20VARIOUS STREET IMPROVEMENTS--WOODY CONTRACTORS, INC. Page I of 3
Bidders Amount Time of Completion
;Woody Contractors, Inc. �$3,147,719.50� 365 Calendar Days
Ark Contracting Services $3,614,822.00
Jackson Construction, Ltd. �$4,040,238.00�
In addition to the contract amount, $547,819.00 (Water: $89,346.00; Sewer: $72,146.00; TPW:
$386,327.00) is required for project management, material testing and inspection and $157,387.00
(Water: $42,546.00; Sewer: $34,356.00; TPW: $80,485.00) is provided for project contingencies.
This project will have no impact on the Transportation and Public Works annual operation budget nor on
the Water Department's operating budget when completed. Construction is expected to start in November
2018.
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 FY2018-2022 Five-Year Capital Improvement Plan on
September 26, 2017. 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 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—Woody Contractors, Inc. is in compliance with the City's BDE Ordinance by committing
to 2% MBE participation and documenting good faith effort. Woody Contractors, Inc. identified several
subcontracting opportunities. However, the firms contracted in the areas identified did not respond or did
not submit the lowest bids. The City's MBE goal on this project is 25%.
The project is located in COUNCIL DISTRICT 5.
FISCAL INFORMATION / CERTIFICATION:
The Director of Finance certifies that funds are available in the current capital budget as appropriated of
Street Improvements Supplement Fund and upon approval of the above recommendations and adoption
of the attached appropriation ordinance, funds will be available in the current capital budget, as
appropriated, of the Water and Sewer Commercial Paper Fund. The Water and Sewer Commercial Paper
Fund includes the authority of the $150,000,000.00 for the purpose of providing interim funding for Water
and Sewer Capital Projects. After this transfer, the balance will be $112,728,591.00.
FUND IDENTIFIERS (FIDs):
Logname: 20VARIOUS STREET IMPROVEMENTS--WOODY CONTRACTORS, INC. Page 2 of 3
TO
Fund Department ccoun Project JProgram ctivity Budget Reference # moun
ID ID Year Chartfield 2
FROM
Fund Department ccountl Project Program ctivity Budget Reference # moun
ID ID Year (Chartfield 2)
CERTIFICATIONS:
Submitted for City Manager's Office by: Susan Alanis (8180)
Originating Department Head: Douglas VVersig (7801)
Additional Information Contact: Kristian Sugrim (8902)
Logname: 20VARIOUS STREET IMPROVEMENTS--WOODY CONTRACTORS, INC. Page 3 of 3