HomeMy WebLinkAbout(0046) M&C 20-0350City of Fort Worth,
Mayor and
DATE: 06/02/20
Texas
Council Communication
M&C FILE NUMBER: M&C 20-0350
LOG NAME: 06 CO2 - ROCK CREEK RANCH/TARLETON STATE UNIVERSITY BREWER BLV
SUBJECT
Ratify Execution of Change Order No. 1 and Authorize Execution of Change Order No. 2 to City Secretary Contract Number 50944, a
Community Facilities Agreement with Walton Development & Management TX, LLC Increasing City Participation by $107,276.66,
and Increasing Participation with Public Improvement District Special Assessment Revenue Bond Funds by $90,149.89 for Construction of
Brewer Boulevard from McPherson Boulevard to Tarleton State University in the City of Fort Worth (COUNCIL DISTRICT 6)
RECOMMENDATION:
It is recommended that the City Council ratify execution of Change Order No. 1 and authorize the execution of Change Order No. 2 to City
Secretary Contract Number 50944, a Community Facilities Agreement with Walton Development & Management TX, LLC, increasing City
Participation by $107,276.66 and increasing participation with Public Improvement District Special Assessment Revenue Bond Funds by
$90,149.89 for construction of Brewer Boulevard from McPherson Boulevard to Tarleton State University in the City of Fort Worth. (City Project No.
101459).
DISCUSSION:
Walton Development & Management TX, LLC (Developer) is constructing Brewer Boulevard from McPherson Boulevard to Tarleton State
University. WM Sub CTR, LP and Public Improvement District No. 17, are also participating in the cost.
Change Order No. 1 is necesary due to increased lime amount for pavement and required adjustments to large water valve vaults. Change Order
No. 1 also increases City Participation by $74,945.76 and increases participation with Public Improvement District Special Assessment
Revenue Bond Funds by $63,818.99.
Construction of the Project is complete. Change Order No. 2 reconciles the final construction costs for the Project in order for the Project to be
closed out. Change Order No. 2 also increases City Participation by $26,330.90 and increases participation with Public Improvement District
Special Assessment Revenue Bond Funds by $26,330.90.
The revised cost for construction of the road is $6,098,683.14 as shown in the table below:
Developer's
Developers
Cost Walton
Items
Cost WM
Sub CTR,
Dev. &
City Cost
PID
Total Cost
LP
Mgmt. TX,
LLC
TPW
Construction
1. Street
$293,154.21
$237,682.82
$1,824,251.90
$1,251,878.39
$3,606,967.32
2.Storm Drain
$93,051.56
$123,156.07
$830,344.51 11648,663.86
$1,695,216.00
3.Street Lights
Installed by
$35,488.99
$30,794.97
$231,488.52
$162,197.52
=$459,970.00
Developer
Total Construction
Cost (excluding
$421,694.76
$391,633.86
$2,886,084.93
$2,062,739.77
$5,762,153.32
the fees):
A.TPW
Inspection fee (4
$15,448.23
$14,433.56
$106,183.86
$76,021.69
$212,087.34
percent)
B. TPW Material
Testing (2
$7,724.12
=$7,216.78$53,091.93
$38,010.85
$106,043.68
percent)
C. Street Light
Inspection Cost
$1,419.56
$1,231.80
$9,259.54
$6,487.90
$18,398.80
(4 percent)
Total Construction
$24,591.91
F�]
$168,535.33
$120,520.44
$336,529.82
Fees
Total Construction $446,286.67 $414,516.00 $3,054,620.26 $2,183,260.21 $6,098,683.1
Cost
A total of $3,048,600.26 will be funded with City participation through Tax Note 2018 Fund and a revised total of $2,177,851.21 of the funding will
be paid out of proceeds from series 2018 Special Assessment Revenue Bonds issued in connection with Public Improvement District (PID) No.
17, Rock Creek Ranch, which was created in 2016 to assist with the funding of infrastructure for the development.
This project is located in COUNCIL DISTRICT 6.
FISCAL INFORMATION / CERTIFICATION:
The Director of Finance certifies that funds are available in the current capital budgets, as appropriated, in the Tax Note 2018 Fund and in the
Series 2018 Special Assessment Revenue Bonds Fund. Prior to an expenditure being incurred, the participating department has the
responsibility to validate the availability of funds.
Submitted for City Manager's Office by. Dana Burghdoff 8018
Originating Business Unit Head: D.J. Harrell 8032
Additional Information Contact: Evelyn Roberts 2025