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Home My WebLink AboutResolution 5518-01-2022 A Resolution NO. 5518-01-2022 STATEMENT EXPRESSING OFFICIAL INTENT TO REIMBURSE EXPENDITURES WITH PROCEEDS OF FUTURE DEBT FOR THE SANITARY SEWER M-245b & M-279 REPLACEMENT WHEREAS, the City of Fort Worth, Texas (the "City") is a home-rule municipality and political subdivision of the State of Texas; and WHEREAS, the City expects to pay expenditures in connection with the design, planning, acquisition and construction for the Sanitary Sewer Main M-245B & M-279 REPLC Project (the "Project") prior to the issuance of obligations by the City in connection with the financing of the Project from available funds; and WHEREAS, the City finds, considers, and declares that the reimbursement of the City for the payment of such expenditures will be appropriate and consistent with the lawful objectives of the City and, as such, chooses to declare its intention, in accordance with the provisions of Section 1 .150-2 of the Treasury Regulations, to reimburse itself for such payments at such time as it issues obligations to finance the Project; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH, TEXAS, THAT: Section 1. The City reasonably expects debt, as one or more series of obligations, may be issued or incurred by the City with an aggregate maximum principal amount not to exceed $3,400,000.00 for the purpose of paying the aggregate costs of the Project. Section 2. All costs to be reimbursed pursuant hereto will be capital expenditures. No obligations will be issued by the City in furtherance of this Statement after a date which is later than 18 months after the later of (1) the date the expenditures are paid or (2) the date on which the property, with respect to which such expenditures were made, is placed in service. Section 3. The foregoing notwithstanding, no obligation will be issued pursuant to this Statement more than three years after the date any expenditure which is to be reimbursed is paid. Adopted this 1 lth day of January 2022. ATTEST: O� FCRT� ✓anne-rre S. Goadaii B y: Jannette S.Goodall(Jan 13,202214:23 CST) Jannette S. Goodall, City Secretary .�AS. MAYOR AND COUNCIL COMMUNICATION MAP 60MARINECSSPI-KHA a • � ate:> tv= 2 r_ LLI o NEAP m. ' a r' Y t {--ram I ' '-+F3 ' }..s.-..+i ,{Y y1co a 'V oc tS W 4 NE,23RD:ST MU � ' t . PROPOSED 42-inch M-279 . REHABILITATION F`— -- (p PROPOSED 42-inch M-279 PARALLEL INTERCEPTOR r PROPOSED 69172-inch 21ST.ST- ,o M-245B REHABILITATION tpL 1 'Z `tx'} PROPOSED 72-inch M-245B PARALLEL INTERCEPTOR JV FoRTWoRTH ' City of Fort Worth, Texas Mayor and Council Communication DATE: 01/11/22 M&C FILE NUMBER: M&C 22-0042 LOG NAME: 60MARINECSSPI-KHA SUBJECT (CD 2 and CD 9)Authorize Execution of an Engineering Agreement with Kimley-Horn&Associates, Inc., in the Amount of$1,454,775.00 for Design of Marine Creek Sanitary Sewer Parallel Interceptor,Adopt Attached Resolution Expressing Official Intent to Reimburse Expenditures with Proceeds of Future Debt and Adopt Attached Appropriation Ordinance RECOMMENDATION: It is recommended that the City Council: 1. Authorize execution of an engineering agreement with Kimley-Horn&Associates, Inc.,in the amount of$1,454,775.00 for design of Marine Creek Sanitary Sewer Parallel Interceptor; 2. Adopt the attached resolution expressing official intent to reimburse expenditures with proceeds of future debt for the Marine Creek Sanitary Sewer Parallel Interceptor project;and 3. Adopt the attached appropriation ordinance adjusting appropriations in the Water and Sewer Commercial Paper Fund by increasing appropriations in the amount of$2,824,580.00 in the Marine Creek Sanitary Sewer Parallel Interceptor project(City Project No. 103497)and decreasing appropriations in the Unspecified project(City Project No. UNSPEC)by the same amount. --------------- DISCUSSION: This Mayor and Council Communication is to authorize the execution of an engineering agreement with Kimley-Horn&Associates in the amount of$1,454,775.00 for the Marine Creek Sanitary Sewer Parallel Interceptor project for the preparation of plans and specifications for sanitary sewer main installation, rehabilitation and water main replacement on the following streets,alleys and easements. STREET P�Om:] TO SCOPE OF WORK COUNC�DISTRICTI I NE 23rd Street St Drive ckmans Samuels Avenue Water&Sewer I 2 l Samuels Avenue [NEE. Northside Sewer 2/9 Drive East Northside Drive Avenues 200 LFF east of RR E:SewerIEEI Samuels Avenue ( N Dhperk NE 12th Street L___Water� riv Samuels Burlington NE 12th Street Avenue Northern Railway': Water/Sewer 9 right-of-way Samuels Burlington NE 13th Street avenue Northem Railway Water/Sewer 9 right-of-way Samuels Burlington NE 14th Street Avenue Northern Railway Water/Sewer 9 right-of-way Burlington FNE 16th Street Len NorthemRailroad right-of- Water/Sewer 9 way j Burlington NE 17th Street Samuels Northern Water/Sewer 9 Avenue ,Railroad right-of-� way r!a7nd nt between Samuels Avenue: urlington Northern Railroad 12th Street 1690 feet north 1. Sewer 9 right-of-way I Burlington Sewer Burlington Easement north of North Park Drive Samuels Northern Northern Railroad 9 Avenue Railroad right-of-I right-of-way way The proposed scope of services includes route analysis, floodplain and railroad permits, design survey, sewer main design, easement preparation and sub-surface utility environmental engineering. The project includes design of a 42-inch parallel interception to sanitary sewer main M-279, design of a 68172-inch parallel interceptor to sanitary sewer main M-245B and design for the rehabilitation of the existing sanitary sewer main M-279. Kimley-Horn&Associates, Inc., proposes to provide all the necessary design services for the Marine Creek Sanitary Sewer Parallel Interceptor, for a fee of$1,454,775.00. Staff considers the proposed fee to be fair and reasonable for the scope of services proposed. In addition to the contract amount, $1,369,805.00 (Water: $36,700.00-1 Sewer: $1,333,105.00) is required for project management, utility coordination, real property acquisition and material testing. This project is anticipated to be included in a future revenue bond issue for the Water and 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 to provide reimbursement for these expenses.Adoption of this resolution does not obligate the City to sell bonds,but preserves the ability to reimburse the City from tax-exempt bond proceeds. Funding for the Marine Creek Sanitary Sewer Parallel Interceptor project is depicted in the table below: Existin _ lAppropria tons' A prropr at olns f *I FUND Additiona Project Total Paper Fund 56020 $2,824,580.00'$2,824,580.00 W&S Commercial $0.00 Project Total $0.001 $2,824,580.00[$2,824,580.00]1 *Numbers rounded for presentation Business Equity: Kimley-Horn &Associates, Inc., is in compliance with the City's Business Equity Ordinance by committing to 10 percent Business Equity participation on this project.The City's Business Equity goal on this project is 10 percent. The project is located in COUNCIL DISTRICTS 2 and 9. FISCAL INFORMATION 1 CERTIFICATION: The Director of Finance certifies that funds are currently available in the Unspecified-All Funds project within the W&S Commercial Paper Fund and 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 SS Main M-245B&M-279 REPL project to support the approval of the above recommendations and execution of the agreement. Prior to any expenditure being incurred,the Water Department has the responsibility of verifying the availability of funds. Submitted for City Manager's Office b . Dana Burghdoff 8018 Originating Business Unit Head: Chris Harder 5020 Additional Information Contact: Liam Conlon 6824