HomeMy WebLinkAboutIR 133 INFORMAL REPORT TO CITY COUNCIL MEMBERS No. 22-133
To the Mayor and Members of the City Council September 20, 2022
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*a SUBJECT: AMERICAN RESCUE PLAN ACT ALLOCATION
rrn RECOMMENDATIONS
The purpose of this Informal Report is to provide background on available American Rescue Plan Act
(ARPA) State and Local Fiscal Recovery Funds (SLFRF) and summarize projects recommended for City
Council approval. The background for the submission process and recommended projects for ARPA
allocations were outlined in a Council Work Session presentation on August 2, 2022.
The City of Fort Worth received a total ARPA SLFRF allocation of$173,745,090, consisting of
$86,874,408 to be spent in the areas of Public Health and Negative Economic Impacts (Non-Revenue
Recovery), and$86,870,682 to assist the City with the provision of governmental services (Revenue
Recovery). On June 21, 2021, Mayor& Council Communication (M&C) 21-0445 adopted a framework of
the City's priorities for ARPA funding. To-date City Council has approved projects totaling $120,366,580.
The following list incorporates ARPA funding recommendations by the City Administration that have not
yet been approved by City Council:
Category Focus Area Amount Description
Non-Revenue Negative Economic Impact: Assistance $16,000,000 TPW MMA Infrastructure projects
Recovery to Households Streetlights&Pedestrian Safety
Non-Revenue Negative Economic Impact: Assistance PARD MMA Infrastructure projects
Recovery to Households 2,500,000 Cobb and Highland Hills Parks
Revenue Provision of Government Services 1,500,000 PARD MMA Infrastructure projects
RecoveryFort Worth Zoo
Revenue Provision of Government Services 200,000 Texas Wesleyan University
Recoveryon-campus public utility relocation
Total $20,200,000
In addition, $5,000,000 has been set aside from Revenue Recovery ARPA funds for a Texas A&M
University project yet to be determined. Approval of these projects would leave available ARPA funding in
the amounts of$20,137,838 in the Non-Revenue Recovery category, and$8,040,682 in the Revenue
Recovery Category
The Administration initiated an RFP process to solicit proposals for additional projects. After an internal
review of submissions, the following recommendations are proposed for ARPA funding within the
Revenue Recovery category:
Project Name Amount Project Lead Description
Will Rogers MC—Air Handlers $5,950,000 Public Events Replace facility air handlers 20+years past life
Will Rogers MC—Renovation 1,925,000 Public Events Update concourse and restrooms,ensure
Americans with Disability Act compliance
Remaining Funds 165,682 Held in Contingency
Total $8,040,682
ISSUED BY THE CITY MANAGER FORT WORTH, TEXAS
INFORMAL REPORT TO CITY COUNCIL MEMBERS No. 22-133
To the Mayor and Members of the City Council September 20, 2022
Page 2 of 2
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*a SUBJECT: AMERICAN RESCUE PLAN ACT ALLOCATION
rrn RECOMMENDATIONS
The following recommendations are proposed from the Non-Revenue Recovery category:
Project Name Amount Project Lead Description
Deeply Affordable Housing* $8,000,000 Neighborhood Infrastructure for Tobias Place
Services 288 new units(53 deeply affordable)
Tarrant Area Food Bank 3,200,000 Economic Purchase of 80,000 sf facility to double the
Development Food Bank's capacity
Public Safety Worker's Comp 2,000,000 Human Resources COVID claims for Police and Fire
Police Health Expenditures 1,458,372 Human Resources Health claims for COVID treatment
Visit Fort Worth 750,000 Public Events Additional funding for special events
United Way One Second
Collaborative 4,411,080 Police Gun violence prevention
Remaining Funds 318,376 Held in Contingency
Total $20,137,828
*Note: The Deeply Affordable Housing project proposes utilizing City ARPA funds for a necessary
drainage project for a housing development expected to produce 53 new deeply affordable housing units
plus 235 additional affordable units. Staff will be bringing forward an M&C on that project in early 2023
once a determination is made of the financing structure for the project. Two alternatives are being explored
simultaneously - (i) 4% low-income housing tax credits coupled with private activity bonds and (ii) a
HUD-insured multifamily loan. Although the loan structure provides the City with lower risk by delaying
the contribution of ARPA funds until after financial closing, the loan process can sometimes drag out. If
the HUD loan does not seem on track to close within the year by January/February 2023, then the bond/tax
credits structure will be utilized. If that route is chosen, then financial closing on the project would be
targeted as early as June/July 2023, and the ARPA funds would be expended in the four to six-month
window preceding financial closing. An additional funding request in the amount of$2,000,000 from
Tarrant County to fully fund the project is outstanding, and a decision is expected by March, 2023.
An M&C will be included on the September 27th City Council agenda for approval of recommended ARPA
allocations.
If you have any questions or concerns related to these proposals, please contact Reginald Zeno, Chief
Financial Officer, at 817-392-8987.
David Cooke
City Manager
ISSUED BY THE CITY MANAGER FORT WORTH, TEXAS