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HomeMy WebLinkAbout(0028) M&C 22-0163City of Fort Worth, Mayor and DATE: 03/08/22 Texas Council Communication M&C FILE NUMBER: M&C 22-0163 LOG NAME: 20WESTCLIFF DRAINAGE 2011 STORMWATER BOND APPROPRIATION SUBJECT (CD 3) Adopt Attached Appropriation Ordinances to Adjust Receipts and Appropriations in the Amount of $2,241,814.69 in the Westcliff Drainage Project and Amend the Fiscal Years 2022-2026 Capital Improvement Program RECOMMENDATION: It is recommended that the City Council: 1. Adopt the attached appropriation ordinance adjusting estimated receipts and appropriations in the Stormwater Capital Projects Fund in the amount of $2,241,814.69 by decreasing estimated receipts and appropriations in the Westcliff Drainage project (City Project No. C01669) and increasing estimated receipts and appropriations in the Unspecified Project (City Project No. UNSPEC) by the same amount; 2. Adopt the attached appropriation ordinance adjusting estimated receipts and appropriations in the Stormwater Capital Projects -Bonds Fund in the amount of $2,241,814.69 by decreasing estimated receipts and appropriations in the Unspecified project (City Project No. UNSPEC), and increasing estimated receipts and appropriations in the Westcliff Drainage project (City Project No. C01669); and 3. Amend the Fiscal Years 2022-2026 Capital Improvement Program. DISCUSSION: Approval of this Mayor and Council Communication (M&C) will authorize the reallocation of funding and adoption of appropriation ordinances to replace existing Stormwater Capital PAYGo funds in the Westcliff Drainage project (City Project No. C01669) with 2011 Stormwater Bond funds within the Stormwater Capital Projects — Bonds Fund. The 2011 Stormwater Bond funding is available for re -appropriation due to several projects being completed under budget, thus bringing about the need to reallocate the remaining bond funds. Due to the priority to fully spend out the remaining 2011 Bond funds, the Fiscal Years (FY) 2022-2026 Capital Improvement Program will be amended to reflect the replacement of Stormwater PAYGo Funds with Stormwater 2011 Bond funds for the Westcliff Drainage project. The Westcliff Drainage project is a three-phase project that reduces the risk of flooding to homes in the Westcliff area. The final phase is expected to go to construction in the first half of FY 22. Upon reallocation and adoption of these appropriation ordinances, eligible expenses in the amount of $2,241,814.69 in the Westcliff Drainage project will be funded with 2011 Stormwater Bond funds within the Stormwater Capital Projects — Bonds Fund and residual funding in the same amount within the Stormwater Capital Fund will be moved out of the Westcliff Drainage project and reprogrammed to other high priority stormwater projects. The Westcliff Drainage project has multiple funding sources: Stormwater Legacy, PAYGo, and Bonds, plus small contributions from General and Water Capital. The following table demonstrates the funding history for the project: Existing Additional Fund Appropriations Appropriations Project Total and Adjustments 52002 — Stormwater $11,871,000.00 -$2,241,814.69 $9,629,185.31 Capital Fund 59651 — Stormwater Capital $3,788,008.98 $2,241,814.69 $6,029,823.67 Projects - Bonds Fund 59652 — Stormwater Capital $23,287.92 $0.00 $23,287.92 Projects - Legacy 59653 — Stormwater Capital $586.43 $0.00 $586.43 Projects - 2007 L59601 — 5 6 1 Capital $121,041.91 $0.00 $121,041.91 30100 — General $500,000.00 $0.00 $500,000.00 Capital Project Total $16,303,925.24 $0.00 $16,303,925.24 The action in this M&C will amend the Fiscal Year 2022 Adopted Budget as approved in connection with Ordinance 25073-09-2021, Section 6. Capital Improvements, as listed on page 27 as follows: FY2022 CIP Capital Fund Authority Budget Adjustment Revised FY2022 Name Project Name Appropriations Budget Stormwater C01669 Capital Projects Fund Westcliff Drainage $ - This M&C $ (2,241,814.69) $ (2,241,814.69) Stormwater C01669 Capital Projects - Bonds Westcliff Drainage $ - This M&C $ 2,241,814.69 $ 2,241,814.69 This project is located in COUNCIL DISTRICT 3. 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 Unspecified — All Funds project within the Stormwater Cap Proj - Bonds Fund, and upon approval of the above recommendations and adoption of the attached appropriation ordinances, funds will be available in the Stormwater Cap Proj - Bonds Fund for the Westcliff Drainage project. 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 by- Dana Burghdoff 8018 Originating Business Unit Head: William Johnson 7801 Additional Information Contact: Mike Bennett 7891