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HomeMy WebLinkAbout(0020) M&C 19-0022City of Fort Worth, Texas Mayor and Council Communication DATE: 08/06/19 M&C FILE NUMBER: M&C 19-0022 LOG NAME: 20RANDOL MILL RD PAVING IMPROVEMENTS SUBJECT Adopt Appropriation Ordinance Increasing Estimated Appropriations in the Amount of $1,600,000.00 from the 2014 Bond Program Fund and Adopt Appropriation Ordinance Increasing Estimated Receipts and Appropriations in the Amount of $300,000.00 from the 2008 Street Improvements Fund for Street Improvements in the Randol Mill Rd. Project #100278 (COUNCIL DISTRICT 5) RECOMMENDATION: It is recommended that the City Council: 1. Adopt the attached Appropriation Ordinance increasing estimated appropriations in the amount of $1,600,000.00 from available funds in the 2014 Bond Program Fund for the Randol Mill Road Project and; 2. Adopt the attached Appropriation Ordinance increasing estimated receipts and appropriations in the amount of $300,000.00 from available funds in the 2008 Street Improvement Fund for the Randol Mill Road Project. DISCUSSION: The 2014 Bond Program identified improvements for Randol Mill Rd. from Old Randol Mill Rd. to Racquet Club Dr. to be delivered in 3 phases in order to reduce the potential for traffic congestion. Phase 1, which consisted of a left -turn lane with street surface and drainage improvements from Stoneview Circle to Old Randol Mill Rd. was completed in March 2018. Phase 2 which includes intersection improvements with the construction of a single lane roundabout on Randol Mill Rd. at Precinct Line Rd., drainage, street lights and pedestrian improvements experienced schedule delays due to the need for additional public outreach. After several public meetings held with residents and city officials, Phase 2 is moving forward and is expected to begin construction this August 2019 with an estimate completion date of July 2020. Phase 3 consists of pavement rehabilitation, surface improvements and striping from Old Randol Mill Rd. to Racquet Club Dr. required additional funding to complete the improvements. This M&C appropriates funding to complete improvements from Stone View Circle to Precinct Line Rd. The remaining section from Precinct Line to Racquet Club Dr. will be scheduled for construction later this fall. Separating the pavement rehabilitation on Randol Mill Rd into two projects will minimize traffic detours and construction impacts to the residents. Work is anticipated to begin in mid -August from Old Randol Mill Rd. to Precinct Line with an anticipated completion date of December 2019 pending approval of this recommendation. A portion of this project will include 2014 Bond Funds. Available resources within the General Fund will be used to provide interim financing for these expenses until debt is issued. Once debt associated with this project is sold, bond proceeds will reimburse the General Fund in accordance with the statement expressing official intent to reimburse, that was adopted as part of the ordinance canvassing the bond election (Ordinance no. 21241-05-2014) and subsequent actions taken by the Mayor and City Council. A Form 1295 is not required for this contract because: This M&C does not request approval of a contract with a business entity. FISCAL INFORMATION / CERTIFICATION: The Director of Finance certifies that, upon approval of the above recommendations and adoptions of the attached appropriation ordinances, funds will be available in capital budget, as previously appropriated of the 2014 Bond Fund and Street Improvement 2008 Fund. Submitted for City Manager's Office W. Dana Burghdoff 8018 Originating Business Unit Head: Steve Cooke 5134 Additional Information Contact: Joann Mollin-Kamman 7258