HomeMy WebLinkAboutOrdinance 23532-01-2019Ordinance No. 23532-01-2019
AN ORDINANCE DECREASING UNALLOCATED APPROPRIATIONS IN THE WATER
AND SEWER COMMERCIAL PAPER COMMERCIAL PAPER FUND IN THE AMOUNT OF
$3,775,087.00 AND INCREASING APPROPRIATIONS BY THE SAME AMOUNT IN THE
CROWLEY SS RELIEF LINE PROJECT IN THE SAME FUND FOR THE PURPOSE OF
FUNDING THE PROJECT; 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 decreased unallocated appropriations in the amount of
$3,775,087.00 and increased appropriations by the same amount in the Crowley SS Relief Line Project in the
Water and Sewer Commercial Paper Fund, to provide funding for the Crowley SS Relief Line project.
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said prior ordinances and appropriations are hereby expressly repealed.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:
�1�
ouglas W. Black
Sr. Assistant City Attorney
ADOPTED AND EFFECTIVE: January 15, 2019
CITY SECRETA Y`f %
ary J. K r -
•
•
B.
•
City of Fort Worth, Texas
Mayor and Council Communication
COUNCIL ACTION: Approved on 1/15/201.9 .- Olydinance.N9= 23532-01-201�,8ce�z.
No. $032-01-2019
DATE: Tuesday, January 15, 2019
LOG NAME: 60CROWLEYSSP3-CIRCLEC
REFERENCE NO.: C-28995
SUBJECT:
Authorize Execution of a Contract with William J. Schultz, Inc., d/b/a Circle C Construction Company, in the
Amount of $3,420,821.00 for Crowley Relief Interceptor M-325 for Village Creek Basin, Part 3, Provide for
Project Costs for a Total Project Total in the Amount of $11,188,555.00, Adopt Resolution Expressing
Official Intent to Reimburse Expenditures with Proceeds of Future Debt and Adopt Appropriation Ordinance
(COUNCIL DISTRICT 6)
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 Crowley Relief Interceptor M-325 for Village Creek Basin, Part 3 Project;
2. Adopt the attached Appropriation Ordinance decreasing unallocated appropriations in the amount of
$3,775,087.00 and increasing appropriations by the same amount in the Crowley SS Relief Line Project
in the Water and Sewer Commercial Paper Fund; and
3. Authorize the execution of a contract with William J. Schultz, Inc. d/b/a Circle C Construction Company,
in the amount of $3,420,821.00 for Crowley Relief Interceptor M-325 for Village Creek Basin, Part 3
(City Project No. 100276).
DISCUSSION:
This Mayor and Council Communication provides for the construction of the Crowley Relief Interceptor M-
325 for Village Creek Basin, Part 3, a segment of a three part project that will provide additional capacity
to convey anticipated flows from proposed development within the Upper Village Creek and Clear Fork
Drainage Basins.
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
William J. Schultz dba Circle C Construction
Company
AMOUNT
{$31420,821.00 365 Calendar Days
TIME OF
COMPETION
Logname: 60CROWLEYSSP3-CIRCLEC Page I of 3
Mountain Cascade Holding Company, Inc.
J. Louis Construction of Texas, Ltd.
ackson Construction, Ltd
$3,661,090.00
$3,706,569.00
3,847,100.00
In addition to the contract cost, $251,641.00 is required for project management, inspection and material
testing and $102,625.00 is provided for project contingency.
In accordance with the terms of the amendment of the Agreement between the Cities of Crowley and Fort
Worth, Crowley will reimburse Fort Worth for its share of the total project cost upon completion of the
entire project.
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 3, is anticipated to commence in February, 2019 and be completed by February,
2020. This project is part of the Water Department's Sanitary Sewer Overflow Initiative Program. This
project will have no impact on the Water Department's Operating Budget when complete.
M/WBE Office — William J. Schultz, Inc., d/b/a Circle C Construction Company, is in compliance with the
City's BDE Ordinance by committing to 0.00 percent MBE participation and documenting good faith effort.
William J. Schultz, Inc., d/b/a Circle C Construction Company identified several subcontracting and
supplier opportunities. However, the firms contacted in the areas identified did not respond or did not
submit the lowest bids. The City's MBE goal on this project is 6 percent.
The project is located in COUNCIL DISTRICT 6 and within Tarrant County and the City of Crowley.
FISCAL INFORMATION / CERTIFICATION:
Logname: 60CROWLEYSSP3-CIRCLEC Page 2 of 3
attached appropriation ordinance, funds will be available in Water & Sewer Commercial Paper Fund for
the Crowley Relief Interceptor M-325 for Village Creek Basin, Part 3 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 $91,590,545.00 for
future capital projects. Funding for the Crowley Relief Interceptor M-325 for Village Creek Basin, project is
as depicted below:
FUND
Sewer Capital Fund - Legacy
59607
[Water & Sewer Commercial
Paper Fund 56016
[Project Total
* Numbers rounded for presentation.
FUND IDENTIFIERS (FIDs):
Fundi Department
ID
FROM
Existing Additional Fproject Total*
Appropriations Appropriations
$2,094,494.00 $0.00 $2,094,494.00
$5,318,974.00 $3,775,087.00 ( $9,094,061.00
$71413,468.00
njProject JProg
ID
$3,775,087.00 5$11,188,555.00
ity Budget Reference # me
Year (Chartfield 2)
CERTIFICATIONS:
Submitted for City Manager's Office by:
Originating Department Head:
Additional Information Contact:
Jay Chapa (5804)
Chris Harder (5020)
Rakesh Chaubey (6051)
Logname: 60CROWLEYSSP3-CIRCLEC Page 3 of 3
Fund
Department
ccoun Project
Program
ctivityj Budget
Reference #
Amoun
ID
ID
i Year
(Chartfield 2)
CERTIFICATIONS:
Submitted for City Manager's Office by:
Originating Department Head:
Additional Information Contact:
Jay Chapa (5804)
Chris Harder (5020)
Rakesh Chaubey (6051)
Logname: 60CROWLEYSSP3-CIRCLEC Page 3 of 3