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Home My WebLink AboutResolution 5649-11-2022 A Resolution NO. 5649-11-2022 STATEMENT EXPRESSING OFFICIAL INTENT TO REIMBURSE EXPENDITURES WITH PROCEEDS OF FUTURE DEBT FOR THE MARY'S CREEK RECLAMATION FACILITY 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 Reclamation Facility 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 $2,500,000.00 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 8th day of November 2022. ATTEST: y OF FpR� .0 By: Jannette S.Goodall(Nov 10,2022 07:19 CST) Jannette S. Goodall, City Secretary ; '"'lRiaiiiaeiaierc iHRii �� >•�r4 ar f1' tr a '� .a��+. `riffs 1`:��y►t" �t H �� lxi;«ireFPt.1i1F2RPi Yti �°`tV RT=Lr� /ai j� +` '`w• �ayr,iF 'y RLRltRlf[fiCRit 't«�3o��y �,�!!lfRR'y� �7r�. r�f�s '�a M�,,, �i0r1 ii itlili H�1i±S f ♦ � +r y i-. �I?d}4„v, � -tlfiFiri sa a�i'p.,��*K � ♦� �'`rr�r y�if•� OR 7 �R + ', IItnIFi ♦ �`:S,t ri 'r its �, ♦ • �tY!!!t!)S t!�rr~r rr'�� _ ♦,iy �w� �Sr/� !�!lttidtltftltjN arw"'s';��R- ♦+r}'J�3 w6 t��r''ft i� S dd+pj+M`:a„t 1ii17JR! rtri�=��,M illlli�'�it'�, �- w#.,�i IIfKLE ,i�l�f!!'►t)t�t`1i3��r�lfrSf 'if r3r}Jj :;,ri r •►b �i ..�..ski rlink iiliiiilfBfI, rr, "M i ilil'lili .TT lilifiitiiiitLt2 2k+ 111I1'iii it ORA LEM • 1 • ' 1 ' 1 r IN)i1lCilillikittlitliti ,liiliiiitiilliYi` � � '`}� �, • • 1 � � �� `►� it �tM R .M`•... t;Jlfil tli's�f y,, iasli/i1 ,`-,ILii23iiLili w �'1 �.:,y�lilr IStt;Lt Riiii{i{{t ,.#`'y r:rR • rl7t xCi� t+`tirrtu if ttr -R siiir'iit u i I> v 1 i iL E� r 1! tltrurar -rJlRlf:fr i1t31[Mf: i�'�_ M+ arlr�lr r � "Nlfld;�R{ a`w'.t' `•`.� ...9t)fSi' r � � _ - �i7liiRy,. ar,►,,s ip ' '`1 "..:�..,..�iiilNtN � � f' �Il�ls��t +► J �rSSFtRJtniit IR:rnr' :as'r1Fk4) � =Fs'iiutsf :i ;iltt! t" n.iili f �ti/rtrl e� fR ifl S } lr -vilff we FoRT 1 as i:rr Orr Cl!•; aj�d ♦ 4 4 ij 1'�a LIP i�r'' i`pie F�a�i•¢R�5ih k �, w t r��,;s'ra.w:�`:.•6Z'� t��Riff►<��rJ"�� ✓�i� !l -F City of Fort Worth, Texas Mayor and Council Communication DATE: 11/08/22 M&C FILE NUMBER: M&C 22-0892 LOG NAME: 60MARY'S CREEK WRFPECD-PLUMMER SUBJECT (ETJ W-CD 3 and CD 7)Authorize Execution of an Engineering Agreement with Plummer Associates, Inc.in the Amount of$1,773,698.00 for the Mary's Creek Water Reclamation Facility Process Evaluation and Concept Design,Adopt a Resolution Expressing Official Intent to Reimburse Expenditures with Proceeds of Future Debt, and Adopt Appropriation Ordinance to Effect a Portion of Water's Contribution to the Fiscal Years 2023-2027 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$1,773,698.00 for the Mary's Creek Water Reclamation Facility project(City Project No. C01239); 2. Adopt the attached resolution expressing official intent to reimburse expenditures with proceeds of future debt for Mary's Creek Water Reclamation Facility project; and 3. Adopt the attached appropriation ordinance adjusting appropriations in the W&S Commercial Paper Fund by increasing appropriations in the Mary's Creek Water Reclamation Facility project(City Project No.C01239)in the amount of$2,143,498.00 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 2023-2027 Capital Improvement Program. DISCUSSION: This Mayor and Council Communication provides for Plummer Associates, Inc.to conduct the process evaluation and concept design proposed for the Mary's Creek Water Reclamation Facility for a fee not to exceed$1,773,698.00. The scope of services includes identifying and evaluating alternatives for the treatment process selection for the facility selecting the plant process to be utilized,determining the site build-out capacity and developing a plant site layout for ultimate build-out capacity,coordinating with prior studies and evaluations and incorporating the community livability criteria documented in the site selection criteria. In addition to the contract amount,$369,800.00 is requested for project management and material testing. This project will have no impact on the Water Department's operating budget when complete. 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 of the City to reimburse itself from tax-exempt bond proceeds. 60MARY'S CREEK WRFPECD-PLUMMER Capital I Budget Fund Authority Project FY 2023 CIP Change Revised FY Name Name Appropriations (Increase/ 2023 Budget j Decrease) C01239— 56021 — Mary's j W&S Creek Commerci4 Water j $0.00:This M&C $2,143,498.00 $2,143,498.00 Paper Reclamation Facility Funding for the Mary's Creek Water Reclamation Facility project is depicted below: I Existing Additional Fund Appropriations Appropriations Project Total' Sewer Capital Legacy-Fund $6,563,076.091 $O.00I$6,563,076.091 (159607 Water&Sewer Bond 2017A—Fund $287,415.00 $0.00[$:28:7:,415.00,1 56011 W&S Commercial $0.00 $2,143 498.00$2,143,498 00 Paper-Fund 56021 Project Total $6,850,491.09! $2,143,498.00'$8,993,989.09' *Numbers rounded for presentation. Funding is currently available in the W&S Commercial Paper project within the W&S Commercial Paper Fund for the purpose of funding the Mary's Creek Water Reclamation Facility project. BUSINESS EQUITY: Plummer Associates, Inc. is in compliance with the City's Business Equity Ordinance by committing to 16 percent MWBE participation on this project.The City's MWBE goal on this project is five percent. This project is located in the Extraterritorial Jurisdiction (ETJ)west of Council Districts 3 and 7. 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 Mary's Creek Reclam. Facility 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 bL. Dana Burghdoff 8018 Originating Business Unit Head: Chris Harder 5020 Additional Information Contact: Suzanne Abbe 8209 Expedited