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Home My WebLink AboutOrdinance 24283-06-2020 Ordinance No. 24283-06-2020 AN ORDINANCE ADJUSTING APPROPRIATIONS IN THE WATER AND SEWER COMMERCIAL PAPER FUND BY DECREASING APPROPRIATIONS IN THE UNSPEC PROJECT IN THE AMOUNT OF$7,929,373.00 AND INCREASING APPROPRIATIONS IN THE SANITARY SEWER M257 UPPER AND MIDDLE VILLAGE CREEK PARALLEL RELIEF MAIN, PART 2B PROJECT BY THE SAME AMOUNT; 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 adjusted appropriations in the Water and Sewer Commercial Paper Fund by decreasing appropriations in the UNSPEC project in the amount of $7,929,373.00 and increasing appropriations in the Sanitary Sewer M257 Upper and Middle Village Creek Parallel Relief Main, Part 2B project by the same amount. 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 orjudgment 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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: /��/y Mack(Jun 011:15 CDT) �(/ Douglas W Black Mary J. Kayser Sr Assistant City Attorney City Secretary ,.oF••FORT� ADOPTED AND EFFECTIVE: June 23, 2020 /` ;O� �XAS 0 • A 1 • • AVAN • � ilk man lie �� ,• r -Z .!•�: '' rii;;"`< '+� �� Yil�ii�fr �'■�' • a '� M � �� qr�o, ; i� - 3 Ei'CS Ail S1FEY.�11 • -• -� ■ -„m t3311111id i��Gl�I��/. _ � .� , _' M i kA w i Ifig wEun �aa r 0 _ R�6 ` wwwsa 2'1IR .ds _ AAsISRlella�t31aNf1aSCtlilk� eoiww ./ a meN► . �R !� a!mmoms�r� �: ��`Mw113/3"&iRR�+•aa3N�Plt1Y"S �EJIIH�� A''9 � �� ffi��'�"�°v>I'f��.� ��. w�qAF, 31! R14MP s•■wwiee II � ®'�{q� �'0� :y° r 1P` 'Will Wor tha�RlP ..ra a13 . A 63 1B 31 as.�°i on IN�lieexcS Ui F �1�� r � �' N/�i■f!L■■�� als ! 1P aPs wP.P 9AMla"Yalea k, o a•IAlP wPt�t.�; #w- �� y;I IP1! - s�ytirlya ®p MAN IS must Af I■ v" k i n ir` b C !i .rw r; «5 >n(!��YirrrO d� Rd�PT." µfl'21 +`�• ''�... 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Authorize the execution of a contract with Mountain Cascade of Texas,LLC,in the amount of$7,142,003.00,for the Sanitary Sewer M257 Upper and Middle Village Creek Parallel Relief Main, Part 213 project; 2. Adopt the attached Resolution Expressing Official Intent to Reimburse Expenditures with Proceeds from Future Debt for the Sanitary Sewer M257 Upper and Middle Village Creek Parallel Relief Main, Part 2B project;and 3. Adopt the attached Appropriation Ordinance adjusting appropriations in the Water and Sewer Commercial Paper Fund(W&S Commercial Paper)by decreasing appropriations in the UNSPEC project(City Project No. UNSPEC)in the amount of$7,929,373.00 and increasing appropriations in the Sanitary Sewer M257 Upper and Middle Village Creek Parallel Relief Main, Part 213 by the same amount(City Project No. C01227) DISCUSSION: This Mayor and Council Communication provides for the construction of the Sanitary Sewer Main 257 Upper and Middle Village Creek Parallel Relief Main ("UMVCPRM")Part 2B project. In order to expedite construction of the total footage of UMVCPRM,the project was divided into Parts 2A and 213.Construction of Part 2A is underway. Construction of the project was advertised for bid on April 16,2020 and April 23,2020 in the Fort Worth Star-Telegram.On June 4,2020 the following bids were received: Bidder Amount Calendar Days Mountain Cascade of Texas, LLC $7,142,003.00 54 s Calendar jDay Belt Construction of Texas, LLC $7,596,303.00 S.J. Louis Construction of Texas, Ltd. $8,564,098.56 McKee Utility Contractors,Inc. $8,650,336.00 Thalle Construction Co., Inc. $10,037,006.00 Jackson Construction, Ltd. $10,142,527.00 --- In addition to the contract cost,$573,110.00 is required for project management, material testing and inspection, and$214,260.00 is provided for project contingency. Construction is anticipated to commence in September 2020 and be completed by February 2022.This project will have no impact on the Water Department's operating budget when complete.This project is part of the Water Department's Sanitary Sewer Overflow Initiative Program. Funding for the Sanitary Sewer Main 257 Upper and Middle Village Creek Parallel Relief Main, Part 213 project is as depicted below: Fund Existing Additional Project Total* Appropriations JAppropriations W&S Capital Projects-Fund $303,000.00 $0.00 $303,000.00 56002 Clean Water SRF-Fund 59602 $g69,090.00 $0.00 $969,090.00 Sewer Capital Legacy-Fund $3,283,000.00 $0.00 $3,283,000.00 159607 W&S Bond 2020A- $12,108,144.00 $0.00$12,108,144.00 Fund 56017 W&S Commercial $0.00 $7,929,373.00 $7,929,373.00 Paper-Fund 56019 Project Total $16,663,234.00 $7,929,373.00 $24,592,607.00 *Numbers rounded for presentation purposes. This project is anticipated to be included in a future revenue bond issue for the Water&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 2.3 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 approved the Water Department's Fiscal Year 2020-2024 Five-Year Capital Improvement Plan on September 17,2019.This City Council approved plan includes this specific project,with funding identified through the CP program to be reimbursed with future revenue bonds. Fund 56019 is the current W&S Commercial Paper fund and the name will change to the bond issuance year(Water&Sewer Bond 20XX)once the debt has be sold and a new fund will be created with the name W&S Commercial Paper fund. In accordance with the provisions of the Financial Management Policy Statements,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 other 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. MM/BE OFFICE: Mountain Cascade of Texas, LLC, is in compliance with City's BDE Ordinance by committing to 12 percent MBE participation on this project.The City's MBE goal on this project is five percent. The project is located in COUNCIL DISTRICTS 2 and 7. FISCAL INFORMATION/CERTIFICATION: The Director of Finance certifies that funds are currently available in the Unspecified project within the W&S Commercial Paper fund and upon approval of the above recommendations and adoption of the attached appropriation ordinance,funds will be available in the W&S Commercial Paper Fund for the SS Main 257 Part 2 Upper and Middle Village Creek Parallel Relief Main, Part 2B project to support the approval of the above recommendations and execution of the contract.Prior to any expenditure being incurred,the Water Department has the responsibility of verifying the availability of funds. Submitted for City Manager's Office by: Dana Burghdoff 8018 Originating Business Unit Head: Chris Harder 5020 Additional Information Contact: John Kasavich 8480