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Home My WebLink AboutOrdinance 23584-03-2019 ORDINANCE NO. 23584-03-2019 AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE WATER AND SEWER COMMERCIAL PAPER FUND, FROM AVAILABLE FUNDS IN THE AMOUNT OF$5,106,498.00, FOR THE PURPOSE OF FUNDING THE CROWLEY RELIEF INTERCEPTOR M-325 FOR VILLAGE CREEK BASIN, PART 1 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$5,106,498.00, from available funds, for the Crowley Relief Interceptor M-325 for Village Creek Basin, Part 1 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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: CITY SECRETARY 12fuglas Black ry J. ay Sr Assistant City Attorney 517 ADOPTED AND EFFECTIVE: March 5, 2019 " i9�I ;� ��:`��',j��.►�%1119iiiic364i;,i��:ii ��► �%�i�►siiiiaaiiiYiii3xiax 6 Irirt ♦ �r+trt Yliu#r�ixi/tarlii G C �s'�rl��mate �® �� YYunlar nuuwn_ s �� *.tit`L��,�`►1�i�*s an YR!(iIW94 e a ! ma's Ali r rr��x A.1171 SO It ii®1 r"euu 1 � i• •'� rx�is.+s�+i�iri �,wa1 91 i - • �wMll� Y ru aria rs:` -...r �iYi ��,�t:�.�� j�'►xxe.Ir ru r, iu �!R7&4 at:�F,q 1r • "*l��i'f�'i ��' �V��s asx.i err sb s. a��6 7YlY vtr"� • � a#Y • "�' .i w:�s�+ili#ric�iY i1�+�� i��'' •F�Yr • ' � �1t1� 9fE4tff!![ralttl!�{� `f'>!s, iwrxrlr *} �ERR rrrlrr to lux 1 w f¢sR il! c> ary♦p . �rrrrll rr�lln�/Ir ��rr0y , • . r�•rR1!lii �� tow + 11 �� • MOWN 1000011 COM Yailrr• il�iDl 11 LION" rrMM S 3111101 • yy! xc16# r 4i iLii%++ #Rr rFer YE; r� ��r,r7W arari rEi1 Sot sa :.K !Ii7F Yi ' + '' ' --3F.•,i`rw� iSNow �Y +r�'�n awrra rs`,1A�K. • 1 ,_ .r_.xe1rY� fix rr r�+i{a 7 firi��rrs��i194 ifEii.11® t raYarrY r rwYw Iloilo � � 1Cw'.MINIONS rASOMMEN NNUMMr Iloilo `` �i#►4`�6�'9��! i.��s�iW ate s UNIONS R� - tliililiil?RY �s Ir1f rrllrc ! 1 • ;�� lYia �� lE�i� � sr iaiYFlY�11lillSlY'!1+111111i1ifldR�lE616MI1fi6R � alYiYi79 77liRI:M1i iI1i • • • � 1 �s�ar Ir`is.`�.�s w M�r r:rr rM Y al..IYlf Y�ii YII�YI Y rrr r�r r/rae ag r�wr r • —— —- $llii!rr e�rr IY rr r►sv a �_ •a;r rr 3sr i YIa7t13717i1�XYi♦ � ' ' .idl13lfltl3L 1 �11a7 ilYr'� 1 r g,",�i,eP �•�s s�� "ifrlr/ _'� • 7lif♦�1'r i �trllr lIogo = ;! • �77Ia 11%llil [rY�i� • . • • ' 1 / u YIII ar-2 I I City of Fort Worth, Texas Mayor and Council Communication COUNCIL ACTION: Approved on 3/6/2019 - Ordinance No. 23584-03-2019 & Resolution No. 5064-03-2019 DATE: Tuesday, March 5, 2019 REFERENCE NO.: **C-29051 LOG NAME: 60CROWLEYSSP1-JACKSON SUBJECT: Authorize Execution of a Contract with Jackson Construction, Ltd., in the Amount of$4,587,826.00 for Crowley Relief Interceptor M-325 for Village Creek Basin, Part 1, Provide for Project Costs for a Project Total in the Amount of$16,295,053.00, 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 1 Project; 2. Adopt the attached Appropriation Ordinance increasing estimated receipts and appropriations in the Water and Sewer Commercial Paper Fund in the amount of$5,106,498.00 for the Crowley Relief Interceptor M-325 for Village Creek Basin, Part 1 Project; and 3. Authorize the execution of a contract with Jackson Construction, Ltd., in the amount of $4,587,826.00 for Crowley Relief Interceptor M-325 for Village Creek Basin, Part 1 (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 1, 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 December 13, 2018 and December 20, 2018 in the Fort Worth Star- Telegram. On January 17, 2019 the following bids were received: [BID�DER��------[A—MO—UNT--�TIME OF COMPETION Jackson Construction, Ltd. $4,587,826.00 365 Calendar Days William J. Schultz dba Circle C Construction $4,883,749.00 Company S. J. Louis Construction of Texas, Ltd. $5,041,167.83 Venus Construction Co. $5,143,525.00 Logname: 60CROWLEYSSP I-JACKSON Page I of 3 Ark Contracting Services, LLC ,$5,348,075.00 'Thalle Construction Co., LLC $5,426,791.23 _............._.__ _ . --- Mountain Cascade of Texas, LLC $5,792,850.00 ,'Belt Construction, Inc. !$6,054,889.50 In addition to the contract cost, $381,037.00 is required for project management, inspection and material testing and $137,635.00 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 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. Construction for Part 1, is anticipated to commence in March, 2019 and be completed by March, 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 —Jackson Construction Ltd., is in compliance with the City's BDE Ordinance by committing to 0.00 percent MBE participation and documenting good faith effort. Jackson Construction Ltd., 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 12%. The project is located in COUNCIL DISTRICT 6 and within Tarrant County and the City of Crowley. 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 Water& Sewer Commercial Paper Fund for the Crowley Relief Interceptor M-325 for Village Creek Basin, Part 1 Project. The Water and Sewer LognaMe: 60CROWLEYSSP I-JACKSON Pate 2 of 3 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 $75,615,829.00 for future capital projects. Funding for the Crowley Relief Interceptor M-325 for Village Creek Basin project is as depicted below: FUND Existing Additional Project Total* Appropriations Appropriations S Commercial Paper- Fund 56016 $9 094,061.00 $5,106,498.00 $14,200,559.00 Fund Sewer Capital Legacy - Fund $2 094,494.00 $0.00 $2,094,494.00 59607 1Project Total F1,188,555.00 $5,106,498.00 $16,295,053.00 .11,"...... _._ * Numbers rounded for presentation. FUND IDENTIFIERS (FIDs): TO Fund Department ccoun Project Program ctivity Budget Reference # moun ID ID Year (Chartfield 2 FROM Fund Department tc coun Project Program ctivity Budget Reference # �Mount ID ID Year (Chartfield 2 CERTIFICATIONS: Submitted for City Manager's Office by: Jay Chapa (5804) Originating Department Head: Chris Harder (5020) Additional Information Contact: Rakesh Chaubey (6051) Logname: 60CROWLEYSSP 1-JACKSON Page 3 of 3