HomeMy WebLinkAboutResolution 5598-08-2022 A Resolution
NO. 5598-08-2022
STATEMENT EXPRESSING
OFFICIAL INTENT TO REIMBURSE
EXPENDITURES WITH PROCEEDS OF FUTURE DEBT FOR THE SOUTHSIDE II
WATER MAIN ALIGNMENT STUDY
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 Southside II Water Main Alignment
Study 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
$4,300,000.00 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 23`d day of August 2022.
ATTEST: O� FOR?.
By: Jannette S.Goodall(Aug 24,2022 16:30 CDT) U' _
Jannette S. Goodall, City Secretary ,"
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City of Fort Worth, Texas
Mayor and Council Communication
DATE: 08/23/22 M&C FILE NUMBER: M&C 22-0652
LOG NAME: 60SSIIWTMAS-KHA
SUBJECT
(CD 6 and CD 8)Authorize Execution of an Engineering Agreement with Kimley-Horn and Associates, Inc.in the Amount of$2,348,401.00 for
Design of the Southside II Water Main Alignment Study Project, Provide for Project Costs for a Total Project Amount of$3,615,089.00,Adopt
Resolution Expressing Official Intent to Reimburse Expenditures and Proceeds of Future Debt and Adopt Appropriation Ordinance to Effect a
Portion of Waters 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 Kimley-Horn and Associates, Inc.,in the amount of$2,348,401.00 for the Southside II
Water Main Alignment Study project;
2. Adopt the attached resolution expressing official intent to reimburse expenditures with proceeds of future debt for the Southside If
Water Main Alignment Study project;and
3. Adopt the attached appropriation ordinance adjusting appropriations in the Water&Sewer Commercial Paper Fund by increasing
appropriations in the Southside II Water Main Alignment Study project(City Project No. 103649)in the amount of$3,615,089.00 and
decreasing appropriations in the W&S Commercial Paper project(City Project No. UCMLPR)by the same amount,to effect a portion 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 Southside II Water Transmission Main Alignment Study
project.The proposed 48-inch water transmission main that will extend from the existing 54-inch water main in Oak Grove Shelby Road to Alsbury
Boulevard.The proposed water transmission main will provide increased reliability for increasing and future growth in the far South area of Fort
Worth as well as the customer cites of Burleson and Crowley along with Bethesda Water Supply Corporation.
The scope of services to be provided consists of an alignment study, hydraulic analysis,the preparation of 60%design plans and specification for
the selected alignment,design survey,geotechnical investigations,title survey, easement document preparation,coordination with various
agencies,and permit applications.
Kimley-Horn and Associates, Inc., proposes to provide the necessary services for a fee not to exceed$2,348,401.00. Staff considers the
proposed fee to be fair and reasonable for the scope of services proposed.
In addition to the contract amount,$1,266,688.00 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:
60SSIIWTMAS-KHA
Budget
Capital Fund !Project FY2022 CIP Change Revised
Name Name Appropriations Authority, (Increase/ Budget
Decrease) Budget
103649'
56021 — -SS II
IW&S Commercial W $0 00 This M&C $3,615,089.00 $3,615,089.00
Paper Fund ! MAIN I I
Align
Study
Funding for the Southside II Water Transmission Main Alignment Study Project is depicted below:
� Existing
FUND A pP ro trot ns Additional Appropriations Project Total'`,'
p y
W&S Commercial
Paper—Fund $0.00j $3,615,089.00 $3,615,089.00,
�roject Total $0.001� $3,615,089.00,'$3,615,089.00I
'Numbers rounded for presentation purposes.
This project is anticipated to be included in a future revenue bond issue for the Water&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 in order for these expenses to be reimbursable.Adoption of the attached resolution does not
obligate the City to sell bonds, but preserves the ability to reimburse itself from tax-exempt bond proceeds.
This project will have no impact on the Water Department's operating budget when complete.
Business Equity: Kimley-Horn and Associates, Inc., is in compliance with City's Business Equity Ordinance by committing to 16 percent Business
Equity participation.The City's Business Equity goal on this project is five percent.
FISCAL INFORMATION/CERTIFICATION:
The Director of Finance certifies that funds are currently available in the W&S Commercial Paper 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 11 W Main Align Study project to support the approval of the above recommendations and execution of the
contract. Prior to an 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: Walter Norwood 5026