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Home My WebLink About(0017) M&C 21-0303City of Fort Worth, Mayor and Texas Council Communication DATE: 04/20/21 M&C FILE NUMBER: M&C 21-0303 LOG NAME: 211100 AND 1229 JACKSBORO HIGHWAY-ROKKAS SUBJECT (CD 2) Authorize the Acquisition of 0.486 Acres in Permanent Sewer Facility Easements, 0.393 Acres in Permanent Access Easements, and 0.997 Acres for Temporary Construction Easements from Real Property Owned by Peter W. Rokkas d/b/a A-B Investments, Peter W. Rokkas, and Barbara Rokkas, Located at 1100 and 1229 Jacksboro Highway, City of Fort Worth, Tarrant County, Texas in the John Baugh Survey, Tract 6C, the Richard Crowley Survey, Abstract No. 313, Tract 14, and the Bailey Gardens Addition, Lot 1A, in the Amount of $397,022.00 and Pay Estimated Closing Costs in an Amount Up to $10,000.00 for a Total Cost of $407,022.00 for the Trinity River Vision Part 14 - Channel Segment C Sanitary Sewer Relocation Project, Adopt Attached Resolution, and Adopt Attached Appropriation Ordinance RECOMMENDATION: It is recommended that the City Council: 1. Authorize the acquisition of 0.486 acres in permanent sewer facility easements, 0.393 acres in permanent access easements and 0.997 acres for temporary construction easements in the John Baugh Survey, Tract 6C, the Richard Crowley Survey, Abstract No. 313, Tract 14, and the Bailey Gardens Addition, Lot 1A, located at 1100 and 1229 Jacksboro Highway, City of Fort Worth, Tarrant County, Texas, from real property owned by Peter W. Rokkas d/b/a A-B Investments, Peter W. Rokkas, and Barbara Rokkas for the Trinity River Vision Part 14 - Channel Segment C Sanitary Sewer Relocation project; 2. Find that the total purchase price of $397,022.00 for the easement interests is just compensation and pay total estimated closing costs in the amount up to $10,000.00; 3. Authorize the City Manager or his designee to accept the conveyances and record the appropriate instruments; 4. Adopt the attached resolution expressing official intent to reimburse expenditures with proceeds of future debt for the Trinity River Vision, Phase 1 project land acquisition costs; and 5. Adopt the attached appropriation ordinance adjusting appropriations in the Water and Sewer Commercial Paper Fund by increasing appropriations in the amount of $407,022.00 in the Trinity River Vision, Phase 1 project (City Project No. C00969) and decreasing appropriations in the Unspecified project (City Project No. UNSPEC) by the same amount. DISCUSSION: The permanent sewer facility, permanent access, and temporary construction easement interests in the subject property are needed for sewer improvements on the Trinity River Vision (TRV) Part 14 - Channel Segment C Sanitary Sewer Relocation project (City Project No. C00969). An independent appraisal established fair market value for the permanent and temporary easements and the property owner has agreed to an amount of $397,022.00 as total compensation for the needed easement interests in the land. The City will pay estimated closing costs in an amount up to $10,000.00. Upon City Council approval, staff will proceed with acquiring the necessary easement interests in the subject property. Property Parcel Interest Address / Legal IF Interest / Amount No. Owner Description Acreage Peter - 15 Rokkas d/b/a 1229 Jacksboro Hwy / Public Access PAE A-B Lot 1, Bailey Gardens Easement / 0.278 $60,610.00 Investments Addition Acres Peter Permanent 15 Rokkas d/b/a 1100 Jacksboro Hwy/ TR Sewer Facility PSFE 14, Richard Crowley $16,218.00 1 A B Survey, Abstract No. 313 Easement / 0.085 Investments Acres Peter Permanent 15 1229 Jacksboro Hwy / PSFE Rokkas d/b/a Lot 1, Bailey Gardens Sewer Facility $280.00 2 A-B Addition Easement / 0.003 Investments Acres Peter Permanent 15 Rokkas d/b/a 1229 Jacksboro Hwy / 9 Sewer Facility PSFE Lot Bailey Gardens $27,490.00 3 A-B Addition Easement / 0.252 Investments Acres LPeter 15 Rokkas d/b/a 1100 Jacksboro Hwy/ TR 14, Richard Crowley Temporary Construction $2,374.00 TCE 1 A-B Survey, Abstract No. 313 Easement'0.055 Investments Acres Peter 1229 Hwy/ TR Temporary 15 Rokkas d/b/a Jacksboro 14, Richard Crowley Construction $22,023.00 TCE 2 A-B Survey, Abstract No. 313 Easement / 0.506 Investments Acres Peter Temporary 15 Rokkas d/b/a 1229 Jacksboro Hwy / Lot 1, Bailey Gardens Construction $3,122.00 TCE 3 A-B Addition Easement / 0.072 Investments Acres Peter Temporary 15 Rokkas d/b/a 1229 Jacksboro Hwy / Lot 1, Bailey Gardens Construction $5,341.00 TCE 4 A-B Addition Easement / 0.123 Investments Acres 16 Peter W. Rokkas and 1100 Jacksboro Hwy, TR Public Access PAE Barbara 6C, John Baugh Survey, Easement / 0.115 $126,409.00 Rokkas Abstract No. 115 Acres Peter W. Permanent 16 Rokkas and 1100 Jacksboro Hwy, TR Sewer Facility PSFE Barbara John Baugh Survey, Easement / 0.146 $891123.00 Rokkas Abstract No115 Ab. Acres Peter W. Temporary 16 Rokkas and 1100 Jacksboro Hwy, TR Baugh 6C, John Baugh Survey, gh Construction $44,032.00 TCE]Barbara Abstract Easement / 0.241 Rokkas Acres Estimated Closing Costs $10,000.00 Total Cost $407,022.00 table below: Fund Existing Additional project Total* Appropriations Appropriations Specialty Funded Projects- Fund $5,809,128.00 $0.00 $5,809,128.00 39007 Water/Sewer Bond $6,855,400.00 $0.00 $6,855,400.00 2016 - Fund 56005 Water & Sewer Bond 2015A - Fund $6,167,423.00 $0.00 $6,167,423.00 56007 Water Capital - $14,404,709.00 $0.00 $14,404,709.00 Fund 59601 Sewer Capital Legacy— Fund $7,769,674.00 $0.00 $7,769,674.00 59607 Water & Sewer Commercial $0.00 $407,022.00 $407,022.00 Paper Fund 56019 unding for the Trinity River Vision, Phase 1 is depicted in the Project Total $41,006,334.00 $407,022.00 $41,413,356.00 *Numbers rounded for presentation purposes. This project is anticipated to be included in a future revenue bond issue for the Water & Sewer Fund. Available cash within the Water and Sewer portfolio and the City's portfolio along with the appropriation authority authorized under the Callable Commercial Paper Program (CP) will be used to provide interim financing for this project until debt is issued. Once debt associated with this project is sold, bond proceeds will be used to reimburse the Water and Sewer portfolio and the City's portfolio in accordance with the attached reimbursement resolution. Under federal law, debt must be issued within approximately three years in order for these expenses to be reimbursable. Adoption of the attached resolution does not obligate the City to sell bonds, but preserves the ability of the City to reimburse itself from tax-exempt bond proceeds. This property is located in COUNCIL DISTRICT 2. 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 upon approval of the above recommendations and adoption of the attached appropriation ordinance, funds will be available in the W&S Commercial Paper Fund for the Trinity River Vision, Phase 1 to support the approval of the above recommendations and aquisition of the easements. Prior to any expenditure being incurred, the Water Department has the responsibility to validate the availability of funds. Submitted for City Manager's Office. Dana Burghdoff 8018 Originating Business Unit Head: Steve Cooke 5134 Additional Information Contact: Josh Martin 5469 Ricky Salazar 8379