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Home My WebLink AboutOrdinance 23542-01-2019Ordinance No. 23542-01-2019 AN ORDINANCE INCREASING APPROPRIATIONS IN THE WATER AND SEWER COMMERCIAL PAPER FUND, FROM AVAILABLE FUNDS, IN THE AMOUNT OF $2,492,498.00, FOR THE PURPOSE OF FUNDING CULTURAL DISTRICTMILL ROGERS WATER AND SANITARY SEWER IMPROVEMENTS PROJECT, PART 6; 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 appropriations in the Water and Sewer Commercial Paper Fund in the amount of $2,492,498.00, from available funds, for the Cultural District/Will Rogers Water and Sanitary Sewer Improvements Project, Part 6. 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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: QL�&" ouglas Black Sr Assistant City Attorney ADOPTED AND EFFECTIVE: January 29, 2019 CITY SECRETARY� - 0 L, L�-y- " - I'ary J. I a e MAYOR AND COUNCIL COMMUNICATION MAP 60CDWRWSSP6-CIRCLEC e �L.�-MPRTON.S U. M IMP Y , -r a '� - '+ h• � r�" t. ^ .1, TER'AVEj 4 h I , CRE TLI IE RD'Aw Nv PL 4 14 40 " p f , y � - yt ' , s * w u� i i y� pp I , E 'e w � IV/' A r i F .. RulRT WO R T H City of Fort Worth, Texas Mayor and Council Communication COUNCIL ACTION: Approved on 1/29/2019 - Ordinance No. 23542-01-2019 & Resolution No. 5034-01-2019 DATE: Tuesday, January 29, 2019 REFERENCE NO.: **C-29011 LOG NAME: 60CDWRWSSP6-CIRCLEC SUBJECT: Authorize Execution of Amendment No. 5 in the Amount of $244,300.00 to City Secretary Contract No. 48102, an Engineering Agreement with Kimley-Horn and Associates, Inc. for a Revised Contract Amount of $1,316,550.00, Authorize Execution of a Contract with William J. Schultz, Inc. dba Circle C Construction Company, in the Amount of $1,924,665.00 for Cultural District/Will Rogers Water and Sanitary Sewer Improvements, Part 6 — Crestline Road and River Drive, Provide for Project Costs for a Total Project Total in the Amount of $14,965,078.00, Adopt Resolution Expressing Official Intent to Reimburse Expenditures with Proceeds of Future Debt and Adopt Appropriation Ordinance (COUNCIL DISTRICTS 7 and 9) 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 the Cultural District/Will Rogers Water and Sanitary Sewer Improvements Project, Part 6 — Crestline Road and River Drive; 2. Adopt the attached Appropriation Ordinance increasing appropriations in the Water and Sewer Commercial Paper Fund in the amount of $2,492,498.00; and 3. Authorize the execution of a contract with William J. Schultz, Inc. db,a Circle C Construction Company, in the amount of $1,924,665.00 for Cultural District/Will Rogers Water and Sanitary Sewer Improvements Project, Part 6 — Crestline Road and River Drive (City Project No. 01468); and 4. Authorize the execution of Amendment No. 5 in the amount of $244,300.00 to City Secretary Contract No. 39975, for additional engineering services and construction assistance on Cultural District/Will Rogers Area Water and Sanitary Sewer Improvements Project. (City Project No. 01468). DISCUSSION: On February 9, 2010, Mayor and Council Communication (M&C C-24094) the City Council authorized an Engineering Agreement with Kimley-Horn and Associates, Inc., in the amount of $1,072,250.00 for the Cultural DistrictiWill Rogers Area Water and Sanitary Sewer Improvements Project. The Agreement was subsequently revised by four amendments totaling $1,122,465.00 as follows: Amendment No. 1 in the amount of $46,995.00 administratively authorized on March 17, 2014, Amendment No. 2 in the amount of $261,070.00 authorized August 5, 2014 (M&C C-26903), Amendment No. 3 in the amount of $570,100.00 authorized September 20, 2016 (M&C C-27934) and Amendment No. 4 in the amount of $269,000.00 authorized August 15, 2017 (M&C C-28331). This Amendment No. 5 will provide for additional engineering services and assistance during construction Logname: 60CDWRWSSP6-CIRCLEC Page 1 of 4 of Part 6 of the Project. This Mayor and Council Communication also provides for the construction of the Cultural District/Will Rogers Water and Sanitary Sewer Improvements, Part 6 — Crestline Road and River Drive. This project will allow for the replacement of the existing deteriorated 20 -inch cast-iron pipe with a 24 -inch ductile iron pipe to provide additional capacity and reliability of water supply as a direct: feed to the Dickies Arena. This project also includes approximately 870 linear feet of replacement of the trench backfill and paving repair over an existing sanitary sewer main that was previously replaced. No additional sewer main replacement is needed for this location. The project was advertised for bid on October 18, 2018 and October 25, 2018 in the Fort Worth Star - Telegram. On November 15, 2018 the following bids were received: BIDDER AMOUNT TIME OF COMPETION William J. Schultz dba Circle C Construction Company $1,924,665.00 F425Calendar Days Jackson Construction, Ltd. $2,173,808.00 F$O.00 Ark Contracting Services, LLC $2,371,265.001$ 0.00 In addition to the contract cost, $227,300.00 (Water: $169,711.00, Sewer: $57,589.00) is required for project management, inspection and material testing and $96,233.00 (Water: $71,736.00, Sewer: $24,497.00) is provided for project contingency. This project is anticipated to be included in a future revenue bond issue for the Water and Sewer Fund. Available ash 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 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 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. Construction for Part 6, is anticipated to commence in February, 2019 and be completed by May, 2020. This project is part of the Water Department's Sanitary Sewer Overflow Initiative Program. This project will Logname: 60CDWRWSSP6-CIRCLEC Page 2 of 4 have no impact on the Water Department's Operating Budget when complete. MM/BE Office — William J. Schultz, Inc., dba Circle C Construction Company, is in compliance with the City's BDE Ordinance by committing to zero percent MBE participation on this project. William J. Schultz, Inc., dba Circle C Construction Company identified several subcontracting and supplier opportunities. However, the firms contacted in the areas identified did not respond or subunit the lowest bids. The City's MBE goal on this project is 10 percent. The project is located in COUNCIL DISTRICTS 7 AND 9. 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 Cultural District/Will Rogers Water and Sanitary Sewer Improvements Project, Part 6 — Crestline Road and River Drive 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 $95,365,632.00 for future capital projects. Funding for the Cultural District/Will Rogers Water and Sanitary Sewer Improvements, Crestline Road and River Drive, project is as depicted below: FUND Existing Additional Project Total* Appropriations Appropriations Water Capital Fund 59601 [$6,794,511.00 $0.00 $6,794,511.00 Sewer Capital Fund - Legacy 59607 1$3,210,652.00 $0.00 $3,210,652.00 � Water & Sewer 2015A Bond (Fund 56007 ($1,772,417.00 $0.00 $1,772,417.00 Water & Sewer 2017A Bond $695,000.00 $0.00 $695,000.00 Fund 56011 FWater & Sewer Commercial +Paper Fund 56016 $0.00 $2,492,498.00 $2,492,498.00 Project Total [$12,47-2,580.00 $2,492,498„00 [$14,965,078.00 * Numbers rounded for presentation. FUND IDENTIFIERS (FIDs): TO Fund Department ccoun Project ctivity Budget Reference # mount ID ID JProgram I Year I (Chartfield 2) Fund Department ccoun Project JProgram ctivity Budget Reference # moun ID ID I Year I (Chartfield 2) Logname: 60CDWRWSSP6-CIRCLEC Page 3 of 4 Submitted for City Manager's Office by: Originating Department Head: Additional Information Contact: Jay Chapa (5804) Chris Harder (5020) John Kasavich (8480) Logname: 60CDWRWSSP6-CIRCLEC Page 4 of 4