HomeMy WebLinkAbout(0022) M&C 21-0665City of Fort Worth,
Mayor and
DATE: 09/14/21
Texas
Council Communication
LOG NAME: 202018BONDPGMBL1
SUBJECT
M&C FILE NUMBER: M&C 21-0665
(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
Appropriations
Additional
Appropriations
Project
Total
2018 Bond
Program - Fund
34018
$(719,912.29)
$719,912.29
$0.00
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