HomeMy WebLinkAboutOrdinance 25809-10-2022 ORDINANCE NO.25809-10-2022
AN ORDINANCE ADJUSTING ESTIMATED RECEIPTS AND
APPROPRIATIONS AMONG IDENTIFIED PROJECTS IN THE 2022 BOND
PROGRAM FUND, WITH THE TOTAL OF SUCH ADJUSTMENTS BEING
$24,955,731.00 BUT WITH NO NET CHANGE TO TOTAL APPROPRIATIONS IN
THE FUND; PROVIDING FOR A SEVERABILITY CLAUSE; MAKING THIS
ORDINANCE CUMULATIVE OF PRIOR ORDINANCES; REPEALING ALL
ORDINANCES IN CONFLICT HEREWITH; AND PROVIDING AN EFFECTIVE
DATE.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH,
TEXAS:
SECTION 1.
That the budget of the City of Fort Worth for Fiscal Year 2022-2023, as enacted by Ordinance 25773-09-
2022,as amended,is hereby further amended to make adjustments, as indicated below,to identified projects
in the 2022 Bond Program Fund with the total of all such adjustments being$24,955,731.00,but with no net
change to the total appropriations within the Fund:
Proposition Project ID Project Name Appropriation
Increase/Decrease
A 103280 Trinity Boulevard Phase 2 $5,535,000.00
A 104153 Bailey Boswell West $10,000,000.00
A P130019 Street Imprv-Deteriorating Sts ($15,535,000.00)
A PB0008 Public Arts-Streets-Mobility $224,000.00
B 103326 Forest Park Pool Replacement $5,000,000.00
B 104192 Gateway Park Development ($388,889.00)
B 104195 Echo Lake Development ($400,000.00)
B 104201 Meadowbrook Golf Course Renovation ($402,941.00)
B PB0010 Trail Gap Connections $1,326,731.00
B PB0023 Drainage, Erosion Repair and Control, and Dam $1,523,333.00
Restoration
B PB0024 Neighborhood Park Development ($100,000.00)
B PB0025 Fort Worth Botanic Garden Infrastructure ($5,000,000.00)
Im rovements
B PB0026 Fort Worth Water Gardens $866,667.00
B PB0013 Public Arts-Parks/Rec Improvmts $310,000.00
C PB0014 Public Art-Public Library Impr $39,000.00
D PB0015 Public Art-Fire Safety Improv $64,000.00
D PB0017 Public Art-Police Facility Imp $67,000.00
E PA0001 Open Space Appropriations ($3,128,901.00)
Total Net Appropriations $0.00
SECTION 2.
That should any portion,section or part of a section of this ordinance be declared invalid, inoperative or void
for any reason by a court of competent jurisdiction,such decision,opinion or judgment shall in no way impair
the remaining portions,sections,or parts of sections of this ordinance,which said remaining provisions shall
be and remain in full force and effect.
SECTION 3.
That this ordinance shall be cumulative of Ordinance 25773-09-2022 and all other ordinances and
appropriations amending the same except in those instances where the provisions of this ordinance are in
direct conflict with such other ordinances and appropriations,in which instance said conflicting provisions of
said prior ordinances and appropriations are hereby expressly repealed.
SECTION 4.
This ordinance shall take effect upon adoption.
APPROVED
j/ASSTTO FORM AND LEGALITY: CITY SECRETARY
/J l�a iette S Goodall(Oct 25,2022 15W CDT
Denis C.McElroy,Assistant City Attorney Jannette S.Goodall
City Secretary
ADOPTED AND EFFECTIVE: October 25,2022 0 �\
City of Fort Worth,Texas
Mayor and Council Communication
DATE: 10/25/22 M&C FILE NUMBER: M&C 22-0772R
LOG NAME: 2022BOND APPROPRIATION ADJUSTMENT-REVISED
SUBJECT
REVISED-(ALL)Adopt Ordinance Adjusting Appropriations for Identified Projects in the 2022 Bond Program Fund with No Net Change to the Total Appropriation for the Fund
Overall and Amend the Fiscal Years 2023-2027 Capital Improvement Program(2022 Bond Program)
RECOMMENDATION:
It is recommended that the City Council:
1. Adopt the attached ordinance adjusting appropriations in the 2022 Bond Program Fund,by increasing appropriations in certain identified projects(City Project Nos.103280,
104153, 103326,P130023,P130026,P130010,P130008,PB0013,PB0014,PB0015,PB0017)by$24,955,731.00 and decreasing appropriations in other identified projects
(City Project Nos.PB0019,P130025,104192,104195,104201,P60024,and PA0001)by the same cumulative amount with no net change to the total appropriation in the
Fund;and
2. Amend the Fiscal Years 2023-2027 Capital Improvement Program.
DISCUSSION:
The purpose of this Mayor and Council Communication(M&C)is to adjust existing appropriations for identified projects in the 2022 Bond Program Fund with no change to the
overall scope,schedule or total project budget for any of the named projects in the 2022 Bond Program and no net change to the overall appropriations in the 2022 Bond Program
Fund.
On August 23,2022,the City Council approved a$300,000,000.00 appropriation in the 2022 Bond Program Fund(Ordinance 25663-08-2022),supported by the extendable
commercial paper program,which was approved on the same date(Ordinance 25675-08-2022). The appropriation was allocated by Proposition,with$238,140,944.00 for
Proposition A(Streets and Mobility Infrastructure Improvements),$30,847,020.00 for Proposition B(Park and Recreation Improvements),$1,642,709.00 for Proposition C(Public
Library Improvements),$14,369,327.00 for Proposition D(Police and Fire Public Safety Improvements),and$15,000,000.00 for Proposition E(Natural Area and Open Space)as
shown in Exhibit A to the ordinance.
This M&C and the attached ordinance adjust the appropriations within Propositions A,B,C,D and E as shown in the following tables. Proposition E,for which the full amount of
authorized funding had been initially appropriated,will be reduced by$2,862,234.00 to support the total adjustments in appropriations. Staff in the open space program have
indicated that the reduction in the immediately available appopriation is not expected to negatively impact their ability deliver the program in a timely manner.
Proposition A
FY2022 BondLA.th.rity
(Budget Revised 2022
AppropriationsjAdjustment I Bond Appropriation'
ICapital Fund Name Project Name _V
34027-2022 Bond Program Fund j 103280-Trinity Boulevard Phase 2 $615,000.00 This M&C $5,535,000.00; $6,150,000.00
34027-2022 Bond Program Fund PB
153-Bailey Boswell West $1,450,000.00 This M&C $10,000,000.00 $11,450,000.00
i
34027-2(22 Bond Program Fund 0019-Street Imprv-Deteriorating Sts Programmable $77,115 444.001 This M&C ($15,535,000 00) $61,bao,444.00
134027-2022 Bond Program Fund PB0008-Public Art-Streets-Mobility $0.00 This M&C $224,OOO.00I $224,000.00
Proposition B
FY2022 Bond ;Budget Revised 2022
I � �
Appropriations I !Adjustment Bond Appropriation)
Capital Fund Name Project Name u�Authority _
34027-2022 Bond Program Fund 103326-Forest Park Pool Replacement $6,OOO,OOO.OQ This M&C i $5,000,000.00 $11,000,000.00
_ _ _ _ _ 104192-Gateway Park Development $888,889.00 This M&C! ($388,889.00) $500,000.00
34027-2022 Bond Program Fund_
34027-2022 Bond Program Fund 104195-Echo Lake Development $625,000.00 This M&C ($400,000.00) $225,000.00'
34027-2022 Bond Program Fund 104201-Meadowbrook Golf Course Renovation ! $1,152,941.00! This M&C I ($402,941 AO)I $750,000.00
34027-2022 Bond Program Fund PB0010-Trail Gap Connections $733,333.QO This M&C! $1,326,731.00. $2,060,064.00'
—.. g..a 9 — - - - — — —.......-.—...... j ($100 000A0)I $$100,000.00
34027-2022 Bond Program Fund PB0023-Drainage,Erosion Repair and Control,and Dam Restorations $476,667.00' This M&C $1,523,333.00,
34027-2022 Bond Program Fund PB0024-Neighborhood Park Development $200,OOOAO This M&C $100,000.00
I34027-2022 Bond Program Fund PB0025-Fort Worth Botanic Garden Infrastructure Improvements $7,OOO,OOO.00i This M&C ($5,000,000.00) $2,000,000.00''
34027-2022 Bond Program Fund PB0026-Fort Worth Water Gardens _ $433,333.00 This M&C $866,667.00jE $1,300,000.00'
134027-2022 Bond Program Fund PB0013-Public Art-Parks/Rec Improvmts J $0.00,' This M&C i $310,000.00' $310,000.00
Proposition C
FY2022 Bond lBudget Revised 2022
i
Appropriations ,Adjustment Bond Appropriation
Capital Fund Name _ Project Name Authority j
34027-2022 Bond Program Fund PB0014-Public Art-Public Library Impr $O.00i This M&C'; $39,000.00;� $39,000.00
Proposition D
FY2022 Bond Budget Revised 2022
I
Appropriations j Adjustment Bond Appropriation'
(Capital Fund Name Project Name iAuthority
34027-2022 Bond Program Fund PB0015-Public Art-Fire Safety Improv $0.0Q This M&C 1 $64,000.00 $64,000.00
34027-2022 Bond Program Fund PB0017_Public Art-Police Facility Imp — $0�00' This M&C i $67,000.00' __ $67,000.00
Proposition E
FY2022 Bond Budget Revised 2022
'Appropriations (Adjustment (Bond Appropriation
Capital Fund Name Project Name Authority ,
34027-2022 Bond Program Fund PA0001-Open Space Appropriations $15,000,000.00 This M&C ($3,128,901.00), $11,871,099.00I
The City's Extendable Commercial Paper(ECP)(M&C 22-0607.Ordinance 25675-08-2022)provides liquidity to support the appropriation. Available resources will be used to
actually make any interim progress payments until debt is issued. Once debt associated with a project is sold,debt proceeds will reimburse the interim financing source in
accordance with the statement expressing official Intent to Reimburse that was adopted as part of the ordinance canvassing the bond election(Ordinance 25515-05-2022).
Funding for this project was not included in the Fiscal Years(FY)2023-2027 Capital Improvement Program as the 2022 Bond Program was not approved at the time of the CIP
development. The action in this M&C will amend the FY2023-2027 Capital Improvement Program as approved in connection with Ordinance 25773-09-2022.
The 2022 Bond Projects are located in ALL COUNCIL DISTRICTS.
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 various projects within the 2022 Bond Program Fund and upon approval of the above recommendations and
adoption of the attached appropriation ordinance,funds will be available in the 2022 Bond Program Fund for the selected various projects. Prior to an expenditure being incurred,
the department managing the project has the responsibility of verifying the availability of funds.
Submitted for City Manager's Office by: WIliam Johnson 5806
Oriciinatina Business Unit Head: Lauren Prieur 6035
Additional Information Contact: Monty Hall 8662
Expedited