HomeMy WebLinkAboutResolution 3979-03-2011A Resolution
NO. 3979 -03 -2011
ALLOCATING $4,500,000 FOR THE DRAINAGE COMPONENT OF THE
HARLEY STREET REALIGNMENT PROJECT FROM CERTAIN STORM
WATER UTILITY FUNDS AND DIRECTING THAT $1,500,000 OF SUCH FUNDS
BE REIMBURSED TO THE STORM WATER UTILITY OPERATING FUND
FROM THE PROCEEDS OF THE NEXT AVAILABLE GENERAL OBLIGATION
BOND FUND SALE
WHEREAS, the Harley Street Realignment Project was approved by City of Fort
Worth voters on February 7, 2004 as a component of the 2004 Capital Improvement
Program (CIP) Arterial Streets proposition;
WHEREAS, 2004 CIP funds are not currently available to complete this project;
WHEREAS, a component of the project scope is drainage infrastructure
improvements, including: hydrologic and hydraulic modeling, summary reporting on
results of same, developing schematics and profile sheets for drainage lines, preparing
concept opinions of probable drainage improvement costs, including plans, specifications
and estimates, and preparing exhibits as required;
WHEREAS, the drainage component of the project scope of work is estimated to
cost approximately $4,500,000;
WHEREAS, the City of Fort Worth desires this project be started as soon as
possible; and
WHEREAS, the City of Fort Worth desires that other critical Storm Water
infrastructure projects not be unduly deferred or otherwise adversely affected by the use
of Storm Water Capital Project Funds for this project.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF
THE CITY OF FORT WORTH, TEXAS:
That the City Council direct the City Manager to allocate $4,500,000 for the drainage
component of the Harley Street Realignment Project from Storm Water Utility Funds.
Such contribution shall be made from the Storm Water Utility Operating Fund in the
amount of $1,500,000 and from the Storm Water Revenue Bond Fund, Series 2009 in the
amount of $3,000,000.
ORT WORTH
T
RESOLUTION NO. 3979 -03 -2011
2.
That the City Council direct the City Manager to reimburse the Storm Water Utility
Operating Fund in the amount of $1,500,000 from the proceeds of the next available
General Obligation Bond Fund Sale, currently planned for the year 2013.
Adopted this 22nd day of March 2011.
ATTEST:
Marty Hendrix, City Secretary
ForWORTH
T
APPROVED
CITY COUNCIL
MAR 2 2 2011
city S=etary of ffie
City of Fort Worth, Texas