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HomeMy WebLinkAboutContract 55081 � y �CEIVL� CITY SECRETARY C,RY OF FORTWORTH MYSECRETARY TAX INCREMENT FINANCING FUNDING AGREEMENT Street Repairs—Historic Southside and Evans and Rosedale This TAX INCREMENT FINANCING FUNDING AGREEMENT ("Agreement ) is entered into by and between the BOARD OF DIRECTORS OF TAX INCREMENT REINVESTMENT ZONE NUMBER FOUR,CITY OF FORT WORTH,TEXAS("Board"), an administrative body appointed in accordance with Chapter 311 of the Texas Tax Code (" IF Act") to oversee the administration of Tax Increment Reinvestment Zone Number Four, Cit of Fort Worth,Texas,a reinvestment zone designated by ordinance of the City of Fort Worth("City") in accordance with the TIF Act, and the CITY OF FORT WORTH ("City"),a Texas home-rule municipality. The Board and City hereby agree that the following statements are true and correct and constitute the basis upon which the Board and City have entered into this Agreement: A. On November 25, 1997 the City Council adopted Ordinance No. 13259, establishing Tax Increment Reinvestment Zone Number Four, City of Fort Worth, Texas ("TIF District"), and establishing the tax increment fund of the TIT District("TIF Fund"). B. On August 30, 1999, the Board adopted a project and financing plan for the TIF District, as amended by the Board on November 1, 2012 pursuant to Board Resolution No. 2012- 2 (collectively. "TIF Project Plan"). The TIF Project Plan was approved by the City Council on August 31, 1999, as amended by the City Council on December H, 2012, pursuant to Ordinance No. 20536-12-2012. C. City has worked with neighborhood stakeholders in the Historic South ide neighborhood and the Evans & Rosedale urban village area to identify streets in need of repair. D. City has worked successfully in cooperation with Near Southside,Inc.to implement a comprehensive street repair program in other sections of the TIF District, and this program of street repair projects extends those efforts to upgrade infrastructure. E. City's Transportation & Public Works Department will manage all aspects of design and construction and will work in conjunction with the Water Department to ensure water and sewer lines in need of repair or replacement are upgraded in conjunction with the sireet improvements. F. City is requesting TIF funding in an amount up to $2,250„000 for the design and construction of the street improvements ("Project"). G. A portion of the Project involves two streets there are outside the boundaries of but provide a substantial benefit to, the TIF District as detailed below. Agreement for Street Repairs—Historic Southside 11 REC r�� TIF Funding Agreement ry between TIF District Southside TIF and City of Fort Worth COTY SEC' 5 Page 1 of 12 Ft WORTH,1 W, H. The TIF District was established to provide a dedicated funding tool to ups; ade dilapidated infrastructure and to attract new investment throughout the blighted commercial districts and adjacent neighborhoods of Fort Worth's Near Southside. I. Fixing roadways in very poor condition has been a primary goal of the TIF District's infrastructure repair program. J. TIF funding supports a comprehensive street repair program across the TIT District. K. Some of the street segments in poor conditions connect to the TIF District but are located just beyond the boundary line. L. The poor infrastructure conditions in those surrounding areas just outside of the TIF District remain a major deterrent to investment. M. The potholed streets located within and just outside of the TIF District are palt of the same street network, and a holistic approach to their repair benefits the TIF Distric by encouraging investment both within the TIF District's boundary and throughout the immedia ely adjacent neighborhoods. N. If repairs stop abruptly at the boundary line, neglected connecting streets will reinforce perceptions that public investment will continue to lag far behind any potential private investment. O. Furthermore, there is a strong correlation between the momentum of revitaliza ion within the TIF District boundary and the momentum of investment in the surrounding neighborhoods. P. Improving streets located just outside the TIF District will not only improve b sic infrastructure and the streets that provide direct access to the TIF District,but will improve investor perceptions of the TIF District and its immediately adjacent neighborhoods; and Q. The City is requesting TIF funding for the construction of those public improvements ("Project"), which are set forth in more detail in Exhibit A attached hereto and incorporated herein for all purposes. R. The TIF Project Plan specifically authorizes the Board to enter into agreements dedicating revenue from the TIF fund for public improvements that benefit the general public and facilitate development of the TIF district as an eligible expense. Accordingly, the costs of the Project qualify as lawful "project costs," as that term is defined in Section 311.002(1) of the TIF Act ("Project Cost"). Accordingly, the Board is willing to provide funding for the purchas of the land solely in accordance with and pursuant to this Agreement. Agreement for Street Repairs—Historic Southside TIF Funding Agreement between TIF District Southside TIF and City of Fort Worth Rev.0612015 Page 2 of 12 v201 0617 NOW, THEREFORE, the Board and City, for and in consideration of the terms and conditions set forth herein, do hereby contract, covenant and agree as follows: 1. CITY'S OBLIGATIONS. City will oversee and be responsible for all aspects of the Project in accordance with this Agreement, the Plans, and all Legal Requirements. 2. FUNDING BY THE BOARD 2.1 Amount of Funding. Provided that the City pursues the Project, and the City has complied with all terms and conditions of this Agreement, the Board will provide funding for the Project in an amount u to Two Million Two Hundred Fifty Thousand Dollars and No Cents ($2,250,000.00) ("Funds") in accordance with this Agreement; provided, however, that if there are not sufficient revenu s in the TIF Fund at such time,the financial obligations of the Board to City under this Agreement will be carried forward without interest to the next fiscal year of the TIF District in which there are sufficient revenues in the TIF Fund to satisfy such obligations. In no event will the Board pay City any portion of the Funding in excess of Funds. 2.2 Reimbursement. All costs incurred pursuant to the Project will be advanced and paid for by City and will not, in any event, be paid by the Board except as a reimbursement to City in accordance with this Agreement. 2.3 TIF Fund Contributions. The Board acknowledges and consents to the transfer from the TIF Fund of up to the total amount of the Funds, in whole or in part, to the funds or accounts of the City that will be useJ to pay for the costs of the Project. 2.4 Limited to Available TIF Funds. Notwithstanding anything to the contrary herein, City understands and agrees that the Board will be required to pay the Funds only from available revenues in the TIF Fund that are attributable solely to tax increment (as defined in Section 311.012 of the Texas Tax Code) generated annually from property located in the TIF District and deposited into the TIF Fund in accordance with the TIF Act. Agreement for Street Repairs—Historic Southside TIF Funding Agreement between TIF District Southside TIF and City of Fort Worth Rev.0612015 Page 3 of 12 v201 0617 2.5 Priority of Payment. Notwithstanding anything to the contrary herein, City understands and agrees that any obligation of the Board to pay all or any portion of the Reimbursement Amount shall be subject and subordinate to the Board's right to retain reserves in the TIF Fund in any fiscal year to nieet all existing contractual obligations of the Board. Specifically and without limiting the generality of the foregoing, the following payments, as obligated by the following existing contrac ual obligations, will have priority over payment by the Board of all or any portion of the Reimbursement: 1. Payments made pursuant to that certain Agreement by and among the City, the Board, and the Central City Local Government Corporation dated to be effective December 7, 2005 (Magnolia Green Parking Garage); 2. Payment made pursuant to that certain Tax Increment Financing Development Agreement between the Board and Fort Worth Southside Development District, Inc. approved by the Board on July 27, 2006 (Oleander Walk Phase II); 3. Payment made pursuant to that certain Tax Increment Financing Development Agreement between the Board, Fort Worth South, Inc. and the City, approved by the Board on June 24, 2009 (Magnolia Streetscape Repair and Maintenance, Phase III); 4. Payment made pursuant to that certain Tax Increment Funding Agreen ent between the Board and the City of Fort Worth for public improvements associated with the 2014 CIP Match approved by the Board on November 6, 2013 (2014 CIP/TIF Street Improvement); 5. Payment made pursuant to that certain Tax Increment Financing Developirrient Agreement between the Board and Fort Worth Bike Sharing for System Support associated with the Bike Share Stations located within the TIF#4 Boundary, approved by the Board on August 12, 2015 (Fort Worth Bike Share); 6. Payment made pursuant to Amendment No.2 to a Tax Increment Financing Development Agreement between the Board and Fort Worth South, Inc,, to authorize a multi-year TIF Maintenance Agreement with Fort Worth South, Inc. for annual landscaping, fertilizing, grass cutting, trash pick-up, pedestrian lighting, and irrigation of the Watts Park, approved by the Board on Decel ber 16, 2015 (Watts Park Maintenance continued); 7. Payment made pursuant to that certain Tax Increment Financing Developinent Agreement between the Board and Fort Worth South, Inc. for final design, engineering, and construction of two public parks located on parcels adjacent Agreement for Street Repairs—Historic Southside TIF Funding Agreement between TIF District Southside TIF and City of Fort Worth Rev.06 2015 Page 4 of 12 v201 0617 to the E. Broadway Apartments project located on E. Broadway Ave. approved by the Board on April 19, 2017 (S. Main Village Public Parks Final Design/ Engineering/Construction); 8. Payment made pursuant to that certain Tax Increment Financing Fun ing Agreement between the Board and Fort Worth South, Inc. for final design and construction of accessibility ramps and other sidewalk improvements along the south side of W. Vickery Boulevard between College Ave. and Lipscomb approved by the Board on April 19,2017 (W. Vickery Boulevard Accessib lity Improvements); 9. Payment made pursuant to that certain Tax Increment Financing Develop ent Agreement between the Board and SoMa District Development,LLC for public improvements associated with the redevelopment and restoration of four 19 0's buildings fronting South Main Street and transformation of the public alley behind the building into a public plaza and play space located at 105 and 125 S. Main St., approved by the Board on June 7, 2017 (SoMa Dis rict Development); 10.Payment made pursuant to that certain Tax Increment Financing Funding Agreement with the City of Fort Worth for roadway resurfacing and safety improvements to Hemphill Street between Vickery Boulevard and Alen Avenue approved by the Board on July 18, 2018 (Hemphill Resurfacing and Rightsizing); 11.Payment made pursuant to that certain Tax Increment Financing Development Agreement between the Board and BoonPetro Real Estate LLC for public improvements associated with the adaptive reuse of the historic Katy Depot property at the southwest corner of Vickery Boulevard and Jones Street approved by the Board on June 5, 2019 (Katy Depot); 12. Payment made pursuant to that certain Tax Increment Financing Development Agreement between the Board and Near Southside, Inc. the design and engineering of safety and circulation improvements to 8th Avenue bet een Magnolia and Pennsylvania Avenues approved by the Board on June 5, 2019 (81h Avenue Phase One Improvements—Design); 13. Payment made pursuant to that certain Tax Increment Financing Fun ing Agreement between the Board and the City of Fort Worth for the construction of safety and circulation improvements to 8th Avenue between Magnolia and Pennsylvania Avenues approved by the Board on June 5, 2019 (81h Avenue Phase One Improvements—Construction); Agreement for Street Repairs-Historic Southside TIF Funding Agreement between TIF District Southside TIF and City of Fort Worth Rev.0612015 Page 5 of 12 v201 0617 14. Payment made pursuant to that certain Tax Increment Financing Development Agreement between the Board and Near Southside, Inc. for a Creative Busilless Incubator Study approved by the Board on October 2, 2019 (Creative Busitiess Incubator Study); 15.Payment made pursuant to that certain Tax Increment Financing Development Agreement between the Board and Kalong Realty LLC for pu lic improvements associated with a mixed-use development project at 1016-1 24 Travis approved by the Board on December 4, 2019 (Travis Avenue and Rosedale); 16. Payment made pursuant to that certain Tax Increment Financing Development Agreement between the Board and The SLS Group LLC for public improvements associated with a commercial development project at 301 St. Louis Ave. and 311-315 Daggett Avenue approved by the Board on December 4, 2109 (Daggett Avenue Commercial Project); 17. Payment made pursuant to that certain Tax Increment Financing Developnient Agreement between the Board and Near Southside, Inc. f6r public improvements associated with maintenance for streets, streetscapes, and public spaces located within the TIF44 boundary approved by the Board on December 4, 2019 (2020 Street, Streetscape, and Public Space Maintenance Agreeme t); 18. Payment made pursuant to that certain Tax Increment Financing Development Agreement between the Board and FW 901 Vickery Investors, LP for public improvements associated with a commercial redevelopment project at 901 W. Vickery Blvd. approved by the Board on March 4, 2020 (W. Vickery and College Avenue); 19. Payment made pursuant to that certain Tax Increment Financing Develop ent Agreement between the Board and CanTex Southside, LLC for p lic improvements associated with a hotel and retail development projec at Crawford St. and Tucker St. approved by the Board on March 4, 2 20 (Crawford and Tucker Hotel and Retail); 20. Payment made pursuant to that certain Tax Increment Financing Development Agreement between the Board and 701 Magnolia, LLC for public improvements associated with a commercial development project at 701 W. Magnolia Ave. approved by the Board on March 4, 2020 (701 W. Magnolia Avenue); 21. Payment made pursuant to that certain Tax Increment Financing Development Agreement between the Board and MS Commercial Holdings LLC for public Agreement for Street Repairs—Historic Southside TIF Funding Agreement between TIF District Southside TIF and City of Fort Worth Rev.0 2015 Page 6 of 12 v201 i0617 improvements associated with a mixed-use development project at Dag ett Ave. and Galveston Ave. approved by the Board on June 3, 2020 (Daggett nd Galveston Mixed-Use); 22. Payment made pursuant to that certain Tax Increment Financing Development Agreement between the Board and Twilite Lofts, LLC, or a related entity, for public improvements associated with a mixed-use development project at College Ave. and Jarvis St. approved by the Board on September 2, 2020 (College and Jarvis Mixed-Use) 23. Payment made pursuant to that certain Tax Increment Financing Fun ing Agreement between the Board and the City of Fort Worth for the design and construction of street improvements in the Historic Southside and Evans & Rosedale Village areas (Historic Southside Street Repair); 3. TERM. The term of this Agreement is effective as of December 1, 2020 ("Effective Date") nd expires upon the earlier of(i) the complete performance of all obligations and conditions precedent by the Board and City; or (iii) termination by either the Board or.City as permitted by this Agreement. 4. SUCCESSORS AND ASSIGNS. City may not assign its rights or obligations under this Agreement to any other party without the advance written approval of the Board, which may be withheld at the Boa d's discretion. This Agreement shall be binding on and inure to the benefit of the parties, d1eir respective successors and assigns. 5. NOTICES. All written notices called for or required by this Agreement shall be addressed to the following, or such other party or address as either party designates in writing, by certified mail, postage prepaid, or by hand delivery: Board: City: Board of Directors City of Fort Worth Southside TIF Attn: Assistant City Manager Attn: Michael Brennan, Administrator 200 Texas Street 1606 Mistletoe Boulevard Fort Worth, TX 76102 Fort Worth, TX 76104 with a copy to: Agreement for Street Repairs—Historic Southside TIF Funding Agreement between TIF District Southside TIF and City of Fort Worth Rev.0 2015 Page 7 of 12 v201 0617 City of Fort Worth Attn: Director of Economic Development 1150 South Freeway Fort Worth, TX 76104 6. VENUE AND CHOICE OF LAW. This Agreement shall be construed in accordance with the laws of the State of Texas nd applicable ordinances, rules, regulations or policies of the City. Venue for any action under this Agreement shall lie in the State District Court of Tarrant County, Texas or the United States District Court for the Northern District of Texas, Fort Worth Division. This Agreement is performable in Tarrant County, Texas. 7. COMPLIANCE WITH LEGAL REQUIREMENTS. This Agreement is subject to all applicable federal, state and local laws, ordinances, rules and regulations, including, but not limited to, all provisions of the City's Charter and ordinan es, as amended, and violation of the same shall constitute a default under this Agreement. In undertaking any work in accordance with this Agreement, City, its officers, agents, servants, employees, contractors and subcontractors shall comply with all federal, state and local laws and all ordinances, rules and regulations of the City, as such laws, ordinances, rules and regulat ons exist or may hereafter be amended or adopted (collectively, "Legal Requirements"). 8. SEVERABILITY. If any provision of this Agreement is held to be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affecteJ or impaired. 9. COUNTERPARTS. This Agreement may be executed in any number of counterparts, each of which shall be deemed an original and constitute one and the same instrument. 10. CAPTIONS. The captions to the various clauses of this Agreement are for informational purposes only and shall not alter the substance of the terms and conditions of this Agreement. 11. NO WAIVER. Agreement for Street Repairs—Historic Southside TIF Funding Agreement between TIF District Southside TIF and City of Fort Worth Rev.0612,015 Page 8 of 12 v20 L i0617 The failure of either party to insist upon the performance of any term or provision oft is Agreement or to exercise any right granted hereunder shall not constitute a waiver of that part 's right to insist upon appropriate performance or to assert any such right on any future occasion 12. GOVERNMENTAL POWERS. It is understood that by execution of this Agreement, neither the Board nor the City wa ves or surrenders any of their governmental powers or immunities. 13. FORCE MAJEURE. It is expressly understood and agreed by the parties to this Agreement that if the performance of any obligations hereunder is delayed by reason of war, civil commotion, act3 of God, inclement weather, governmental restrictions, regulations, or interferences, unreasonable delays by the City in issuing any permits or certificates of occupancy or conducting any inspections of or with respect to the Project(based on the amount of time that the City customarily requir s in undertaking such activities and based on the then-current workload of the City department(s) responsible for undertaking such activities), or delays caused by unforeseen construction or site issues, fire or other casualty, court injunction, necessary condemnation proceedings, acts of the other party, its affiliates/related entities and/or their contractors, or any actions or inactions oft iird parties or other circumstances which are reasonably beyond the control of the party obligate or permitted under the terms of this Agreement to do or perform the same, regardless of whether any such circumstance is similar to any of those enumerated or not,the party so obligated or permi led shall be excused from doing or performing the same during such period of delay, so that the time period applicable to such design or construction requirement shall be extended for a period of time equal to the period such party was delayed. 14. BOARD REPRESENTATIVE. City understands and agrees that the Board, in its sole discretion, may also appoint certain City staff members, a City department or another entity to serve as its representative in carer ing out any or all of the responsibilities of the Board hereunder, and that references to "the Boar in this Agreement mean the Board in its entirety or any such designated representative. 15. NO THIRD PARTY RIGHTS. This Agreement is solely for the benefit of the parties hereto and is not intended to create or grant any rights, contractual or otherwise, to any other person or entity. 16. ENTIRETY OF AGREEMENT. This Agreement, including any exhibits attached hereto and any documents incorporated herein by reference, contains the entire understanding and agreement between the Board and the Agreement for Street Repairs—Historic Southside TIF Funding Agreement between TIF District Southside TIF and City of Fort Worth Rev.0 2015 Page 9 of 12 v201 i0617 City, their assigns and successors in interest, as to the matters contained herein. Any prio or contemporaneous oral or written agreement is hereby declared null and void to the exten in conflict with any provision of this Agreement. This Agreement shall not be amended un ess executed in writing by both parties and approved by the Board in an open meeting held in accordance with Chapter 551 of the Texas Government Code. IN AVITNESS «IIEREOF,the undersigned have caused this Agreement to be executed effective as of the Effective Date: BOARD OF DIRECTORS OF TAX CITY OF FORT«'ORTH INCRE'_1IENT REV VESTI1iENT ZO,XE NUIXIBER TIF FOUR, CITY OF FORT WORTH, TEXAS: "' � �by/Mr' ow�H Ann Zadeh ZAde" Jesus J. p,a, By, snzo-WW .121813:3a1B By: Chapazozo-121414 Ann Zadeh Jay Chapa Chairman Assistant City Manager Resolution No. 04-2020-07 (September 2, 2020) M&C 20-0878 (December 1, 2020) Contract Compliance 1lanager. By signing,I acknowledge that I am the person responsible for the monitoring and administration of this contract,including ensuring all performance and reporting requirements. D%ftally--ig-d by Kelly Baggett B 0-121114:3911 Name of Employee Innovation Coordinator Title APPROVED AS TO FORM AND LEGALITY: c'ig"signed by Tyler Tyler Wallach �� 1 BY: Tyler Wallach Assistant City Attorney Agreement for Street Repairs—Historic Southside OFFICIAL RECORD TIF Funding Agreement CITY SECRETARY between TIF District Southside TIF and City of Fort Worth Rev.0 015 Page 10 of 12 FT WORTKi i§7 ATTEST: 1/7 a J. Kayser d t City Secretary OFFICIAL R CORD " 512 Agreement for Street Repairs—Historic Southside TIF Funding Agreement between TIF District Southside TIF and City of Fort Worth Rey QeaU,--J Page 11 of 12 v201 i0617 Exhibit A Project NSrawC SOUMSIDE-FRCPOSMF MECrS Street Repair Projects in Historic Southside an Evans & Rosedale Village Areas TIF Request: $2,250,000 . 6 Y Project Description - TPW-led program(NSI assisting)to repair dilapidated 1 - - 1 "' '.•• roadways,sidewalks,curb and gutter - Extension of current TIF 4 street repair program - - Water Department to upgrade old water and sewer pipes under streets as necessary ]a I -- Streets Arizona Ave E. Magnolia Ave E.Morphy St E. Myrtle St New York Ave 1 - Timeline Design begins 2020 Construction 2021-2023 TIF REQUEST Street segff"t Amount Arizona Ave E Magnolia Ave-E Allen Ave $562,600 Magnolia Ave,E Arizona Ave-South Fwy SR SB $106,700 Magnolia Ave,E South Lwy SR NB-Evans Ave $203,700 &St,E South Fw SR NB-Evans Ave $184,300 Myrtle St,E South EWSR N B-Evans Ave $213,400 Myrtle St,E Evans Ave-New York Ave $300,700 New York Ave E Vickery Blvd-E Terrell Ave $1,358 000 Total $2,929,400 TPW Participation $700,000 TIF Request $2,250,000 Agreement for Street Repairs—Historic Southside TIF Funding Agreement between TIF District Southside TIF and City of Fort Worth Rev.06 015 Page 12 of 12 v2015 617 12/28/2020 M&C Review Official site of the City of Fort Worth,Texas CITY COUNCIL AGENDA FORTTII DATE: 12/1/2020 REFERENCE **M&C 20- LOG NAME: 20HISTORIC SOUTHSIDE FUNDING NO.: 0878 AGREEMENT CODE: C TYPE: CONSENT PUBLIC NO HEARING: SUBJECT. (CD 8 and CD 9)Authorize Execution of Tax Increment Financing Development Agreement with the Board of Directors of Tax Increment Reinvestment Zone Number Four, City of Fort Worth, Texas (TIF 4), in an Amount Up to $2,250,000.00 for Historic Southside Street Improvement Project, Authorize Acceptance of Funds from TIF 4,Adopt Appropriation Ordinance, and Amend the Fiscal Years 2021-2025 Capital Improvement Program RECOMMENDATION: It is recommended that the City Council: 1. Authorize execution of a Tax Increment Financing Development Agreement with the Board of Directors of Tax Increment Reinvestment Zone Number Four, City of Fort Worth, Texas (TIF 4) in an Amount up to $2,250,000.00 for the Historic Southside Improvement project; 2. Accept funding in the amount up to $2,250,000.00 from TIF 4 to fund the Historic Southside Improvement project; 3. Authorize the re-categorization of Fiscal Year 2021 appropriations in the Tax Increment Reinvestment Zone Number Four-Southside Medical District Fund in the amount up to $2,250,000.00 from the General Operating and Maintenance category to the Transfers and Other category to facilitate a transfer to the Tax Increment Reinvestment Zone-General Capital Fund; and 4. Adopt the attached Appropriation Ordinance increasing the receipts and appropriations in the Tax Increment Reinvestment Zone - General Capital Fund in an amount up to $2,250,000.00, transferred from the Tax Increment Reinvestment Zone Number Four - Southside Medical District Fund for the Historic Southside Improvement project (City Project No. 102932); and 5. Amend the Fiscal Years 2021-2025 Capital Improvement Program. DISCUSSION: On September 2, 2020, the Board of Directors of Tax Increment Reinvestment Zone Number Four (Board) authorized a Tax Increment Financing Development Agreement with the City of Fort Worth to fund the design and construction of street improvements in the Historic Southside and Evans and Rosedale Village areas in an amount up to $2,250,000.00 pursuant to Board Resolution No. 04-2020- 07. The City will commit up to $700,000.00 in Fiscal Year 2022 from the General Capital Projects Fund (City Project No. P00020)to fund portion of the construction of this project. The City of Fort Worth has worked with neighborhood stakeholders in the Historic Southside neighborhood and the Evans and Rosedale urban village area to identify streets in need of repair. The City has worked successfully in cooperation with Near Southside, Inc. to implement a comprehensive street repair program in other sections of the Tax Increment Reinvestment Zone (TIF) District, and this street repair project extends those efforts to upgrade infrastructure within the TIF District boundary and the surrounding neighborhoods. The City's Transportation & Public Works Department will manage all aspects of design and construction and will work in conjunction with the Water Department to ensure water and sewer lines in need of repair or replacement are upgraded in conjunction with the street improvements. Funding for this project was not included in the FY2021-2025 Capital Improvement Program due to project inception after the adoption of the Capital Improvement Program. The action in this Mayor and apps.cfwnet.org/council_packet/mc_review.asp?I D=28447&councildate=l 2/1/2020 1/2 12/28/2020 M&C Review Council Communication (M&C) will amend the FY2021-2025 Capital Improvement Program as approved in connection with Ordinance 24446-09-2020. This project is located in COUNCIL DISTRICTS 8 and 9. FISCAL INFORMATION/CERTIFICATION: The Director of Finance certifies that funds are currently available in the TIRZ#4 - Southside Med Dist Fund and upon approval of the above recommendations and adoption of the attached appropriation ordinances, funds will be available in the TIRZ- General Capital Fund for the Historic Southside Improvement project to support the approval of the above recommendations and execution of the agreement. Prior to an expenditure being incurred, the Transportation & Public Works Department has the responsibility of verifying the availability of funds. TO Fund Department Account Project Program Activity BudgetT Reference# I Amount ID ID Year (Chartfield 2) FROM Fund Department Account Project Program Activity Budget Reference# Amount ID ID Year Chartfield 2 Submitted for City Manager's Office by_ Dana Burghdoff(8018) Originating Department Head: William Johnson (7801) Additional Information Contact: Mary Hanna (5565) ATTACHMENTS 20 Historic Southside Project-M&C Map.pdf 20HISTORIC SOUTHSIDE FUNDING AGREEMENT 30286 A021(r4).docx apps.cfwnet.org/council_packet/mc_review.asp?I D=28447&councildate=12/l/2020 2/2