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Home My WebLink AboutOrdinance 23683-06-2019 Ordinance No.23683-06-2019 AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE WATER AND SEWER COMMERCIAL PAPER FUND, FROM AVAILABLE FUNDS IN THE AMOUNT OF $1,510,016.00, FOR THE PURPOSE OF FUNDING THE SYCAMORE CREEK SANITARY SEWER RELIEF INTERCEPTOR, PHASE 3 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 increased estimated receipts and appropriations in the Water and Sewer Commercial Paper Fund in the amount of$1,510,016.00, from available funds, for the Sycamore Creek Sanitary Sewer Relief Interceptor, Phase 3 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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: Douglas lack Mb-A- .. VjerSr Assistant City Attorney City Secy ADOPTED AND EFFECTIVE: June 4, 2019 . 6/5/2019 M&C-Council Agenda City of Fort Worth, Texas Mayor and Council Communication COUNCIL ACTION: Approved on 6/4/2019 - Resolution No. 5093-06-2019 & Ordinance No. 23683-06-2019 DATE: Tuesday, June 4, 2019 REFERENCE NO.: **C-29143 LOG NAME: 60SCSSRIP3-LAN SUBJECT: Authorize Execution of an Engineering Agreement with Lockwood Andrews & Newnam, Inc., in the Amount of$897,816.00 for Design of Sycamore Creek Sanitary Sewer Relief Interceptor, Phase 3 from Vickery Boulevard to Cobb Park Drive, Provide for Staff Costs, Property Acquisition and Utility Coordination for a Total Project Amount of$1,510,016.00, Adopt Resolution Expressing Official Intent to Reimburse Expenditures with Proceeds of Future Debt and Adopt Appropriation Ordinance (COUNCIL DISTRICT 8) 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 Sycamore Creek Sanitary Sewer Relief Interceptor, Phase 3 Project; 2. Adopt the attached Appropriation Ordinance increasing estimated receipts and appropriations for the Sycamore Creek Sanitary Sewer Relief Interceptor, Phase 3 Project in the Water and Sewer Commercial Paper Fund in the amount of$1,510,016.00; and 3. Authorize execution of an Engineering Agreement with Lockwood Andrews & Newnam, Inc., in the amount of$897,816.00 for Design of Sycamore Creek Sanitary Sewer Relief Interceptor, Phase 3 Project (City Project No.102069). DISCUSSION: This Mayor and Council Communication is to authorize the preparation of plans and specifications for the Sycamore Creek Sanitary Sewer Relief Interceptor, Phase 3 Project from Vickery Boulevard to Cobb Park Drive. The proposed project will provide additional capacity and help alleviate wet weather overflows in the Sycamore Creek Drainage Basin. Lockwood Andrews & Newnam, Inc., proposes to provide all the necessary design services for the Sycamore Creek Sanitary Sewer Relief Interceptor, Phase 3 for a fee of$897,816.00. Staff considers the proposed fee to be fair and reasonable for the scope of services proposed. In addition to the contract amount, $612,200.00 is required for project management, utility coordination and real property acquisition. Engineering for the Sycamore Creek Sanitary Sewer Relief Interceptor, Phase 3 project is one component of the overall project that includes project management, real property/easement acquisition, utility coordination, material testing, inspection, construction and contingencies. Design is expected to start in June 2019 and be completed by December 2020. Construction is anticipated to commence in April 2021 and be completed by December 2022. This project is part of the Water Department's Sanitary Sewer Overflow Initiative Program. This project is anticipated to be included in a future revenue bond issue for the Water and Sewer Fund. apps2.cfwnet.org/ecouncil/printmc.asp?id=26994&print=true&DocTWe=pre\iew&page=re\iew&counci[date=6/4/2019 1/3 6/&2019 M&C-Council Agenda 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 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. This project will have no impact on the Water Department's operating budget. M/WBE OFFICE: Lockwood Andrews & Newnam, Inc., is in compliance with City's BDE Ordinance by committing to 15 percent SBE participation. The City's SBE goal on this project is 10 percent. The project is located in COUNCIL DISTRICT 8. 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 Sycamore Creek Sanitary Sewer Relief Interceptor, Phase 3 Project. The Water & 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 $26,004,094.00 for future capital projects. Funding for the Sycamore Creek Sanitary Sewer Relief Interceptor, Phase 3 project is depicted in the table below: FUND Existing Additional Project Total* Appropriations Appropriations W&S Commercial Paper- Fund 56016 $0.00 $1,510,016.00 $1,510,016.00 ProjectTotal $0.00 - $1,510,016.00 $1,5101016.00 * Numbers rounded for presentation FUND IDENTIFIERS (FIDs); TO Fund Department Accoun Project Program Activity Budget Reference # �mounl ID ID Year (Chartfield 2) FROM apps2.cMmt.org/ecouncii/pri ntmc.asp?id=26994&pri nt=true&DocType=pre\Aew&page=re\iew&counci ldate=6/4/2019 2/3 6/5/2019 M&C-Council Agenda F Department Account Project Program Activity Budget Reference# Amount --Yea r — —(Char�ield3Y_------- C teAVIONS. Submitted for City Manager's Office by; Jay Chapa (5804) Originating Department Head: Chris Harder (5020) Additional Information Contact: Liam Conlon (6824) apps2.cfmiet.org/ecouncii/printmc.asp?id=26994&print=true&DocType=preview&page=re%4ew&councildate=6/4/2019 3/3 0 vivo# dill 11KIMA& Mgt 1kma r"M 1*1 Ila M sly MUlk.Il ea 49h 0131(1 INA Wiles 100,01 will; lima 9 MCA lot Will,rt lux 004, U10,0111 .0 NIS HJUIN'.ago Mi 611A H-L fib *w;Ills tilAi'Alie it SON, "fill, WHOM P;0 dk it Off all ....... Os. 5W, HIP 111!11 w � CYA .0 W&L j;j*e AN& iflim I 5M , MOW ft* 4 FORT WORTH NJ