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HomeMy WebLinkAboutOrdinance 24690-01-2021 ORDINANCE NO. 24690-01-2021 AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE DEVELOPER CONTRIBUTION FUND FOR THE JUMPSTART - TRANSPORTATION AND PUBLIC WORKS AND PROPERTY MANAGEMENT DEPARTMENTS' PROGRAMMABLE PROJECT (CITY PROJECT NO. P00099), FROM AVAILABLE FUNDS, IN THE AMOUNT OF $9,792,676.93 FOR THE PURPOSE OF FUNDING PRE-CONSTRUCTION ACTIVITIES FOR THE 2022 BOND PROGRAM PROJECTS;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 2020-2021 in the Budget of the City Manager, there shall also be increased estimated receipts and appropriations in the Developer Contribution Fund for the Jumpstart-Transportation and Public Works and Property Management Departments' programmable project (City Project No. P00099), from available funds, in the amount of $9,792,676.93 for the purpose of funding pre-construction activities for the 2022 Bond Program projects. 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 24446-09-2020 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which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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 ,.h(Jan 1825 CST) Douglas W Black Mary J.Kayser Sr.Assistant City Attorney ADOPTED AND EFFECTIVE: January 26,2021 �XAS City of Fort Worth, Texas Mayor and Council Communication DATE: 01/26/21 M&C FILE NUMBER: M&C 21-0076 LOG NAME: 20FIAUTILIZATION SUBJECT (ALL)Adopt Appropriation Ordinance in the Developer Contribution Fund for the Amount of$9,792,676.93 to Support Pre-Construction Activities Anticipated to be in the 2022 Bond Program and Amend the FY2021-2025 Capital Improvement Program RECOMMENDATION: It is recommended that the City Council: 1. Adopt the attached appropriation ordinance increasing receipts and appropriations in the Developer Contribution Fund for the Jumpstart- Transportation and Public Works and Property Management Departments'programmable project(City Project No. P00099)from available funds in the amount of$9,792,676.93 for the purpose of funding pre-construction activities for the 2022 Bond Program Transportation projects;and 2. Amend the FY2021-2025 Capital Improvement Program. DISCUSSION: The purpose of this Mayor and Council Communication(M&C)is appropriate funds from completed Future Improvement Agreements(FIA)within the Developer Contribution Fund in support of Pre-Construction Activities for the 2022 Bond ProgramTransportation projects. During the development permitting process,the City of Fort Worth(CFW)assesses the impact of development upon the City's infrastructure to determine a developer's fair share requirements. If the infrastructure required due to the development cannot be constructed separately at the time of the development,the City allows the developer to pay their proportionate share of the cost for the improvements.The City applies those funds for design and/or construction generally when the improvements are incorporated into a larger project by the Transportation and Public Works (TPW)Department. The Transportation and Public Works Department(TPW)recently reviewed a cache of FIAs dating back to 1998 and determined that the City has completed a significant number of these projects as presented in the table summary. Completed and Fund Only Analysis Categories Value Complete FIAs(Under$100K) $5,675,505.00 Complete FIAs(Over$100K) $3,871,897.00 Funds Only(Interest Earnings) $245,275.00 Total $9,792,677.00 The results indicate that while TPW completed improvements,the department was likely unaware of the FIAs. Thus,these funds are being applied retroactively to the projects allowing equivalent funding in the amount of$9,792,677.00 to be reallocated toward future TPW transportation infrastructure projects to perform acitivies such as design and right of way acquisition for high-priority anticipated 2022 Bond program projects. Funding for this project was not included in the FY2021-2025 Capital Improvement Program due to the funding was still under review for potential usage. The action in this M&C will amend the FY2021-2025 Capital Improvement Program as approved in connection with Ordinance 24446-09- 2020. This project is in ALL COUNCIL DISTRICTS. A Form 1295 is not required because:This M&C does not request approval of a contract with a business entity. FISCAL INFORMATION/CERTIFICATION: The Director of Finance certifies that funds are currently available in the UNSPEC project within the Developer Contribution Fund and upon approval of the above recommendations and adoption of the attached appropriation ordinance,funds will be available to use within the Developer Contribution Fund for the Jumpstart(TPW and PMD)programmable project. Prior to an expenditure being incurred,the Transportation&Public Works Department has the responsibility of verifying the availability of funds. Submitted for City Manager's Office by: Dana Burghdoff 8018 Originating Business Unit Head: William Johnson 7801 Additional Information Contact: Monty Hall 8662 Expedited