Loading...
HomeMy WebLinkAbout(0015) M&C 20-0751City of Fort Worth, Mayor and DATE: 10/20/20 Texas Council Communication M&C FILE NUMBER: M&C 20-0751 LOG NAME: 20CROWLEY RD AND SYCAMORE SCHOOL RD IMPACT FEE APPROPRIATION SUBJECT (CD 8) Authorize the Transfer of Funds in the Amount of $250,000.00 within the Transportation Impact Fee Capital Legacy Fund and the Transportation Impact Fee Capital Fund for Crowley Road and Sycamore School Road Intersection Improvements, Adopt Appropriation Ordinances and Update the FY2021-2025 Capital Improvement Plan RECOMMENDATION: It is recommended that the City Council: 1. Authorize the Transfer of Funds in the Amount of $250,000.00 within the Transportation Impact Fee Capital Legacy Fund and the Transportation Impact Fee Capital Fund for Crowley Road and Sycamore School Road Intersection Improvements; 2. Adopt the attached appropriation ordinance increasing receipts and appropriations in the Crowley Road and Sycamore School Road Intersection Improvements project (City Project No. 101016) in the amount of $ 93,301.63 from available funds in the Transportation Impact Fee Capital Fund, reducing the balance in the Revenue - Service Area Y Transportation Impact Fees project (City Project No. UN9927) by the same amount; and 3. Adopt the attached appropriation ordinance increasing receipts and appropriations in the Crowley Road and Sycamore School Road Intersection Improvements project (City Project No. 101016) in the amount of $156,698.37 from available funds in the Transportation Impact Fee Capital Legacy Fund, reducing the balance in the Revenue - Service Area Y Transportation Impact Fees project by the same amount. DISCUSSION: The purpose of this Mayor and Council Communication (M&C) is to authorize the transfer of funds and adopt the attached appropriation ordinances to supplement existing funding in the Crowley Road and Sycamore School Road Intersection Improvements project (City Project No. 101016) with additional Transportation Impact Fee funds and to update the FY2021-2025 Capital Improvement Plan (CIP). The proposed project includes design and construction of paving and intersection improvements at the intersection of Crowley Road and Sycamore School Road, including additional turn lane capacity, signage and crosswalk marking. This project is located within the Transportation Impact Fee Service Area Y and was identified as impact fee eligible in the most recent transportation impact fee study. The additional impact fee funding will supplement existing funding for the project. Transportation Impact Fee funding for this project was not included in the FY2021-2025 Capital Improvement Plan. Due to a mid -year focus to program and spend available and eligible Transportation Impact Fees, the action in this M&C will update the FY2021-2025 Capital Improvement Plan. The following table demonstrates the funding history for the project: Fund Existing Additional Project Total Appropriations Appropriations 34017 - TaxNote2017 $500,000.00 $0.00 $500,000.00 30108 - Transportation $0.00 $93,301.63 $93,301.63 Impact Fee Capital Fund 39008 - Transportation Impact Fee Capital $0.00 $156,698.37 $156,698.37 Legacy Fund Project Total $500,000.00 $250,000.00 $750,000.00 The Crowley Rd and Sycamore School Rd project is in COUNCIL DISTRICT 8. 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 REVENUE - SA Y - Transp Imp Fees within the Transportation Impact Fee Cap and Trans Impact Fee Cap Legacy Funds and upon approval of the above recommendations and adoption of the attached appropriation ordinances, funds will be available in the Transportation Impact Fee Cap and Trans Impact Fee Cap Legacy Funds for the Crowley - Sycamore Intersection. 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 bT. Dana Burghdoff 8018 Originating Business Unit Head: William Johnson 7801 Additional Information Contact: Monte Hall 8662