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HomeMy WebLinkAboutResolution 5580-06-2022 A Resolution NO. 5580-06-2022 STATEMENT EXPRESSING OFFICIAL INTENT TO REIMBURSE EXPENDITURES WITH PROCEEDS OF FUTURE DEBT FOR THE MARY'S CREEK LIFT STATION SITE & FORCE MAIN ALIGNMENT 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 Mary's Creek Lift Station Site & Force Main Alignment 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 $7,700,000.00 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 141h day of June 2022. ATTEST: B y: lannette S.Goodall(Jun 16,202216:52 CDT) Z Zf ` '�Jannette S. Goodall, City Secretary \V� •` �xAs A A, NO gp t - Fl�iluiF!',W, AS& 4 iT oil FOR( :;E MAIN BY OTHERS FUTURE WALNUT CREEK LIFT STATION -`-27 I Aeiisue lr A s�1 Fs ism In .ei�i3 Am, PROPOSED 14 FORCE MAI�? '--, WIN Z WNF oil St, gle, FUTURE 11:1k elm 10 10" FoRT WORTY City of Fort Worth, Texas Mayor and Council Communication DATE: 06/14/22 M&C FILE NUMBER: M&C 22-0412 LOG NAME: 60MCFMLSSS-PLUMMER SUBJECT (CD 2,CD 3, ETJ,and City of Benbrook)Authorize Execution of an Engineering Agreement with Plummer Associates, Inc.in the Amount of $1,761,590.00 for Design of the Mary's Creek Lift Station Site&Force Main Alignment Project, Provide for Project Costs for a Total Project Amount of$3,608,465.00 and Adopt Attached Appropriation Ordinance to Effect a Portion of Water's Contribution to the Fiscal Years 2022-2026 Capital Improvement Program RECOMMENDATION: It is recommended that the City Council: 1. Authorize execution of an Engineering Agreement with Plummer Associates, Inc.,in the amount of$1,761,590.00 for the Mary's Creek Lift Station Site&Force Main Alignment Project;and 2. Adopt the attached appropriation ordinance adjusting estimated receipts and appropriations in the Water&Sewer Bond 2017A fund by increasing estimated receipts and appropriations in the Mary's Creek Lift Station Site&Force Main Alignment project(City Project No. 103648) in the amount of$3,608,465.00 and decreasing estimated receipts and appropriations in the Unspecified project(City Project No. UNSPEC)by the same amount,to effect a port of Water's contribution to the Fiscal Years 2022-2026 Capital Improvement Program. DISCUSSION: This Mayor and Council Communication(M&C)is to authorize engineering services for the Mary's Creek Lift Station Site&Force Main Alignment Project design and site selection.The proposed force main and lift stations will serve the future Mary's Creek Wastewater Reclamation Facility.The force main will begin south of the Ridglea Country Club Drive/Texas Highway 183 intersection and end at the location of the proposed Mary's Creek Water Reclamation Facility. The scope of services to be provided consists of an alignment study,the preparation of 60%design plans and specification for the proposed force main,lift stations site selection,design survey,geotechnical investigations,title survey,easement document preparation,easement acquisition assistance and coordination with various agencies. Plummer Associates, Inc., proposes to provide the necessary services for a fee not to exceed$1,761,590.00. Staff considers the proposed fee to be fair and reasonable for the scope of services proposed. In addition to the contract amount,$1,846,875.00 is required for real property acquisitions, project management and material testing. It is the practice of the Water Department to appropriate its CIP plan throughout the fiscal year,instead of within the annual budget ordinance,as projects commence,additional funding needs are identified,and to comply with bond covenants.The actions in the M&C will appropriate funds in support of the Water's portion of the City of Fort Worth's Fiscal Years 2022-2026 Capital Improvement Program,as follows: 60MCFMLSSS-PLUMMER Budget Revised Capital Project FY2022 CIP Change Fund Name! Name Appropriations Authority Increase/ Budget i � Budget Decrease) 56011 — 103648-MC Water& 1 SITE& $0.00 This M&C $3,608,465.00 $3,608,465.00; Sewer Bond FM Align 2017A i Funding for the Mary's Creek Lift Station Site&Force Main Alignment Project is depicted below: FUND Existing AppropriationsjAdditional Appropriations Project Total* Water& Sewer Bond $0.00 $3,608,465.00 $3,608,465.00: 2017A—Fund 56011 Project Total $0.001 $3,608,465.00 $3,608,465..00 *Numbers rounded for presentation purposes. This project will have no impact on the Water Department's operating budget when complete. Business Equity: Plummer Associates, Inc.,is in compliance with City's Business Equity Ordinance by committing to 31 percent Business Equity participation on this project.The City's Business Equity goal on this project is five percent. Funding is budgeted in the Unspec project within the Water and Sewer Bond 2017A Fund. The project is located in COUNCIL DISTRICT 2,COUNCIL DISTRICT 3,ETJ,and City of Benbrook. FISCAL INFORMATION/CERTIFICATION: The Director of Finance certifies that funds are currently available in the UNSPEC project within the Water&Sewer Bond 2017A Fund and upon approval of the above recommendations and adoption of the attached appropriation ordinance,funds will be available in the Water&Sewer Bond 2017A Fund for the MC LS SITE&FM Align 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 by: Dana Burghdoff 8018 Originating Business Unit Head: Chris Harder 5020 Additional Information Contact: Suzanne Abbe 8209