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HomeMy WebLinkAboutOrdinance 25028-09-2021 ORDINANCE NO. 25028-09-2021 AN ORDINANCE ADJUSTING APPROPRIATIONS IN THE 2018 BOND PROGRAM FUND IN THE AMOUNT OF $719,912.29, INCREASING APPRPRIATIONS IN THE STREET CONSTRUCTION / RECONSTRUCTION / REHABILITATION PROGRAMMABLE PROJECT (CITY PROJECT NO. P110001), AND DECREASING APPRORIATIONS IN THE AUTHORIZED, NOT APPROPRIATED PROJECT (CITY PROJECT NO. U34018) BY THE SAME AMOUNT; 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 adjusted appropriations in the 2018 Bond Program Fund in the amount of $719,912.29, by increasing appropriations in the Street Construction/Reconstruction/Rehabilitation Programmable project, and decreasing appropriations in the Authorized,Not Appropriated project(City Project No. U34018)by the same amount. 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which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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 ?"'P G DBlack(Sep 17,2021 16:43 CDT) Douglas W Black Ronald P. Gonzales Sr.Assistant City Attorney Acting City Secretary OF FORT ADOPTED AND EFFECTIVE: September 14, 2021 -� U * '2 ;,:§XAS City of Fort Worth, Texas Mayor and Council Communication DATE: 09/14/21 M&C FILE NUMBER: M&C 21-0665 LOG NAME: 202018BONDPGMBLI SUBJECT (ALL)Adopt Attached Appropriation Ordinance in the Amount of$719,912.29 to Provide Additional Funding for the Street Construction/Reconstruction/Rehabilitation Programmable Project and Amend the Fiscal Years 2021-2025 Capital Improvement Program(2018 Bond Program) RECOMMENDATION: It is recommended that the City Council: 1. Adopt the attached appropriation ordinance adjusting appropriations in the 2018 Bond Program Fund,in the amount of$719,912.29, by increasing appropriations in the Construction/Reconstruction/Rehabilitation Programmable Project, (City Project No. P130001),and decreasing appropriations in the Authorized, Not Appropriated project(City Project No. U34018) project by the same amount;and 2. Amend the Fiscal Years 2021-2025 Capital Improvement Program. DISCUSSION: This Mayor and Council Communication(M&C) is to authorize an appropriation ordinance to bring the 2018 Bond Program programmable project PB0001 —Street Construction/Reconstruction/Rehabilitation into a balanced state by moving $719,912.29 in available appropriations from the 2018 Bond Program project U34018. This programmable project is used to fund Neighborhood Street Improvements as defined in the 2018 Bond Program Proposition A:Streets and Mobility Infrastructure Improvements and became unbalanced through multiple concurrent M&Cs that converted programmable projects to static projects. The table below depicts of all of the 2018 Bond Arterial Projects and their 2018 Bond Funding status: Project Number Project Description Bond Funding Status 101015 Basswood @US 377&Kroger @377 Sufficient at this time 100146 Keller Hicks Rd.(377 to Katy) Sufficient at this time 100459 Harmon Rd Design ROW Sufficient at this time 101009 BONDS RANCH RD Phase 2 Sufficient at this time 101012 Cromwell-Marine Creek See M&C 20-0361 101013 Golden Triangle 135-MistyRwood Sufficient at this time 101014 Avondale Haslet Road See M&C 20-0621 101018 BAILEY BOSWELL-FM156&US287 Complete with Residuals 101555 West 7th St-Univ to Trinity R Sufficient at this time 101567 North Riverside Drive Sufficient at this time 101588 University Drive Corridor Sufficient at this time C01811 Risinger Rd-Crowley to IH35W Sufficient at this time CO2161 Blue Mound Rd-US287 to Willlow Complete with Residuals CO2706 Westport Parkway Complete with Residuals This project is included in the 2018 Bond Program.Available resources within the General Fund will be used to provide interim financing until debt is issued. Once debt associated with the 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.23209-05-2018) and subsequent actions taken by the Mayor and Council. Appropriations for the Street Construction/Reconstruction/Rehabilitation project will consist of the following: Fund Existing Additional Project Appropriations Appropriations Total 2018 Bond Program-Fund $(719,912.29) $719,912.29 $0.00 34018 Project Total $(719,912.29) $719,912.29 $0.00 Funding for this project was included in the FY2021-2025 Capital Improvement Program. Additional funding in the amount of$719,912.29 is needed because the fund is now unbalanced due to multiple M&C's that have converted programmable projects to static projects.This action in this M&C will amend the Fiscal Years 2021-2025 Capital improvement Program as approved in connection with Ordinance 24446-09-2020. This project is located 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 Authorized, Not Appropriated project within 2018 Bond Program Fund and upon the approval of the above recommendations and adoption of the attached appropriation ordinance,funds will be available in the 2018 Bond Program Fund for the Street Construction/Recon/Reha programmable project to support the approval of the above recommendations. Prior to any expenditure being incurred,the Transportation&Public Works have the responsibility to validate 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