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Home My WebLink AboutOrdinance 23922-11-2019 Ordinance No23922-11-2019 AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE WATER AND SEWER COMMERCIAL PAPER FUND IN THE AMOUNT OF $268,655.00, FROM AVAILABLE FUNDS, FOR THE PURPOSE OF FUNDING THE EVERMAN PARKWAY 16-INCH WATER TRANSMISSION MAIN 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 2019-2020 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$268,655.00, from available funds, for the purpose of funding the Everman Parkway 16-inch Water Transmission Main 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 23835-09-2019 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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: ouglas W Blac ry J. s r Sr Assistant City Attorney City Secret y pF fr4RT�L ADOPTED AND EFFECTIVE: November 12, 2019 U _ lEj�RS ■� �� .�il�I��A . il! � IIIIIA/ � �� ,,�. ��'1��1�Irl��'�� til� �a 1illtlt AI 1P ' Ac 'SiIII�A[I"°l� I�IE � SiM � ! JIM IA1 it � A��i�� • � �•�` I�ii< If ` I:�IE�G� itilirlsl< P ..i�W-fror 'va L.W wft js y� iim �+ 'a %NM.r ,16.E Iw Ti 0. 10 -6 low L► �".�1 1M"t 1l .a w,ar rrnw; raE r�wr►t IM +� .,��. ..xn .� Mtn IN~ slur am 10 FMEE OUR allow son AM tti ... ••� �.. it 11 r,� ra �`jiitiq oR► iiiltt t i "'�► ir�i� iilAllii�� 1" itittl �te� Dili iii�l�.'►�► � : � ��'�dtA'i ii�`itti t�tfill .. ii �iiil► �j► .sk �� .. � fit► .r� lot# 1 t ' �,� �i.. :: ♦ �` !' "'� I��A��►t�l'��t, �►. �At�� ; :; �. _ � __tee EXISTING 16 INCH , EXISTING 161 s�► < WATER LINE WATER LINE ng A WATER LINE 6lil r ill��l�IF's�l�� 1 i ' 1 ' City of Fort Worth, Texas Mayor and Council Communication DATE: 11/12/19 M&C FILE NUMBER: M&C 19-0301 LOG NAME: 60EVERMAN16IN-TNP SUBJECT Authorize Execution of an Engineering Agreement with Teague Nall and Perkins, Inc.in the Amount of$177,630.00 for Design of Everman Parkway 16-inch Water Transmission Main from Future Extension of Hemphill Street to Cameron Hill Point at W. Everman Parkway,Provide for Staff Costs, Property Acquisition and Utility Coordination for a Total Project Amount of$268,655.00,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 Everman Parkway 16-inch Water Transmission Main Project; 2. Adopt the attached Appropriation Ordinance increasing estimated receipts and appropriations in the amount of$268,655.00 for the Everman Parkway 16-inch Water Transmission Main Project in the Water and Sewer Commercial Paper Fund;and 3. Authorize execution of an Engineering Agreement with Teague Nall and Perkins, Inc.,in the amount of$177,630.00 for Design of Everman Parkway 16-inch Water Transmission Main Project(City Project No.102071). DISCUSSION: This Mayor and Council Communication is to authorize the preparation of plans and specifications for the Everman Parkway 16-inch Water Transmission Main Project from future Hemphill Street to Cameron Hill Point.The proposed project will allow for the connection of the existing 16- inch water main from east to west on future Everman Parkway and provide for increased water delivery in the distribution system. Teague Nall& Perkins, Inc., proposes to provide all the necessary design services for the Everman Parkway 16-inch Water Transmission Main project for a fee of$177,630.00. Staff considers the proposed fee to be fair and reasonable for the scope of services proposed. In addition to the contract amount,$91,025.00 is required for project management,utility coordination and real property acquisition. Engineering for the Everman Parkway 16-inch Water Transmission Main 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 October 2019 and be completed by October 2020.Construction is anticipated to commence in December 2020 and be completed by December 2021. 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 2019-2023 Five Year Capital Improvement Plan on September 18,2018.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. 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$123,457,335.00 for future capital projects. Funding for the Everman Parkway 16- inch Water Transmission Main project is depicted in the table below: FUND Existing Additional Project Appropriations Appropriations Total* W&S Commercial Paper-Fund $0.00 $268,655.00 $268,655.00 56017 Fro:jeKTot:a1:: F$O.00 $268,655.00 $268,655.00 *Numbers rounded for presentation This project will have no impact on the Water Department's operating budget. MMIBE OFFICE:Teague Nall and Perkins,Inc.,is in compliance with City's BDE Ordinance by committing to 12 percent SBE participation on this project.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 Everman Parkway 16-inch Water Transmission Main Project.Prior to any expenditure being incurred,the Water Department has the responsibility to validate the availability of funds. Submitted for City Manager's Office by: Dana Burghdoff B018 Originating Business Unit Head: Chris Harder 5020 Additional Information Contact: Rakesh Chaubey 6051