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Home My WebLink AboutOrdinance 19557-02-2011Ordinance No. 19557-42-2411 AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND APPROPRIATIONS EN THE STORM WATER CAPITAL PROJECTS FUND IN THE AMOUNT OF $5,544,444.04, FROM AVAILABLE FUNDS, FOR THE PURPOSE OF FUNDING THE CONSTRUCTION OF STORM DRAIN IMPROVEMENTS NEAR FOREST PARK BOULEVARDliH 34; 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 2414-2411 in the Budget of the City Manager, there shall also be increased estimated receipts and appropriations in the Storm Water Capital Projects fund in the amount of $5,544,444.44, from available funds, for the purpose of funding the construction of storm drain improvements near Forest Park Boulevard/IH 34. 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 No.19355 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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: r. City of Fort Ill~orth, Texas Mayor and Council Communication COUNCIL ACTION: Approved on 2/15/2011 -Ordinance Nos. 19556-02-2011 and 19557-02- 2011 - QATE: Tuesday, February 15, 2411 REFERENCE NO.: G-17211 LOG NAME: 24FOREST PARK ILA IFL SUBJECT: Authorize Interlocal Agreement with The Fort Worth Transportation Authority for the Acceptance of $2,444,440.04 Towards the Construction of Storm Drain Improvements Near the Forest Park Boulevard, Interstate Highway 30 Intersection, Authorize a Five Year Interest Bearing Loan from the Aviation Endowment Gas Lease Fund to the Stormwater Utility Fund in the Amount of $3,500,000.40 and Adopt Appropriation Ordinances RECOMMENDATION: It is recommended that the City Council: 1. Authorize the execution of an Interlocal Agreement with The Fort Worth Transportation Authority for the acceptance of $2,040,440.04 towards the construction of storm drain improvements near the Forest Park Boulevard/Interstate Highway 34 Intersection; 2. Authorize a five year interest bearing (4.34 percent) inter-fund loan from the Aviation Endowment Gas Lease Fund to the Stormwater Utility Fund in the amount of $3,544,044.04 for interim financing of this project, pending contract execution; 3. Adopt the attached appropriation ordinance increasing appropriations in the Stormwater Utility Fund in the amount of $3,544,044.44 and authorize the transfer of $3,544,444.44 from the Stormwater Utility Fund to the Stomwater Capital Projects fund; and 4. Adopt the attached appropriation ordinances increasing estimated receipts and appropriations in the Storm Water Capital Projects Fund by $5,544,404.44 ($3,544,400.44 + $2,444,404.44}. DtSCtJSStON: As ~ pert ->~ the NorfE~ '~- . ,s T-~ihv~y Author!ty's ~ NTTA i Southwest Parr .~. ; ; ~ro~ect rSL~lf=). ~ detention ~, ~, . _ - .. .. - r In order to expedite the City's project, The T offered to donate $2 million toward the cost of construction if the project would be constructed in a timeframe such that the NTTA would agree not to build the detention pond. The remaining expected construction cost after this donation is $7 million {inclusive of right-of-way costs, construction management and contingency). Staff does not believe that this project is high enough priority to spend $7 million {approximately 28 percent of Storm Water capital funding available for 2011 } to expedite this project. The Aviation Endowment Gas [-ease Fund is able to provide an inter-fund loan to the Stormwater Utility in the amount of $3.5 million with a five year payback at 4.34 percent interest {interest rate is current 10 year treasury bill rate plus 1 percent}. The Financial Management Services Department has asserted that this loan can be made in compliance with Section 402.49 of the C_ocal Government Code which requires that "the income of the drainage utility system be segregated and completely identifiable in municipal accounts." The Stormwater Utility Fund will repay the principal and interest over five years and the first year of repayment was included in the City's Fiscal Year 11 adopted annual budget. With this loan and the donation of The T, City staff recommends expediting construction of the drainage project with the following breakdown of the cost of construction: FISCAL INFORMATION I CERTIFICATION: The Financial Management Services Director certifies that upon approval of the above recommendations and adoption of the attached appropriation ordinances, funds will be available in the current capital budget, as appropriated, of the Stormwater Capital Projects Fund. FUND CENTERS: Tt3 _F__undlAccou_n_ t/Centers 2~ PE69 _ 2221.25 0004004 3} P228_ _476069_ _209280.067483 4~_P228 4881.00 209284467483 41 P22f3 ,'6469 2092~~nr,?k83 4~ P?28 54200 ~~~2c~0 FROM _FundlAccount/Centers ~3~500~004.00 2}_T125._.._137069..._4001.25099901 83,_540 000:44 3_~PE69_538.0.40_ 0209400 $2:000x000:40 3 X44:044.44 ~S X00,000.44 ). .:.j. s'. jr .", _e'~±,3'''at F~: ! r,t: tai At~[~~t~undi ~r~f~~rrnat~~~n f;~_>r?£dci $3,500 004_00 $3,504x440.40 b,+', ;, ; MAYOR AND COUNCIL COMMUNICATION MAP Forest Park-Parkview Storm Drain Rehabilitation .. `�3 � ,e i�, .h ." ' ti z : �yj \....,C., A,,,:,'N''',_,,,, .A.,A .„, DLEA1T -4 _ *Q � WHITE SETT--E NT R-D- /4" w 411-1 ST `�* . . �` Mw W 7Th . 87 s ,54,,,,,, ,.--- �� s� - 't �, �.- �` w � � � is � �1��' 1 � �� `.lli,,,,,,v4.;..i,. . ,_.. ! > t w LAi JCASTER�1 _ m -t�.° ` , �`9�DR . � �' ar fi-�''.e ,. _-----��_4- _ t'_-. .-4 ;- '_ r-'--1 y r.„. V 1 v V RA4 s'^ e p p xig n {qp a-' _ ,. V Et'.�: > `„ ',v E HATTIE S' 'ter'. 14,4 1.I P ROS r x � a rte `` 1-'� `: - BEST =._ '- �* f ® N gAly / ' - ' WFETERSMfFHSTf`' iq- QP - cr m \N ry� k t - ems fi H' a4. r i Z ` ^�� ,Y... t iii a'ts'''.` ‘1 S ,. .. Yy .7 v ForestAPark Parkview :4 s Storm;Drain g�� ”' ; V` ® r� sir ' \ bn ilda } 4 5� F 7s -- ViCiii L L Ty - ,3 VITT_ST _ ,4) I. y;0 3,000 1,500 0 3, 0 Ft i-. .: ' e �� A �G '' �g,l'. °F :a01 50 0 300 Ft `' Council District 9 DETAIL OF PROJECT LOCATION Project No. 00674