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HomeMy WebLinkAboutOrdinance 26065-04-2023ORDINANCE NO. 26065-04-2023 AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE GENERAL CAPITAL PROJECTS FUND IN THE AMOUNT OF $1,500,000.00, TRANSFERED FROM AVAILABLE FUNDS IN THE GENERAL FUND, FOR THE PURPOSE OF FUNDING INTERMODAL PARKWAY IMPROVEMENTS PROJECT (CITY PROJECT NO. 103332); 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 in addition to those amounts allocated to the various City departme nts for Fiscal Year 2022-2023 in the Budget of the City Manager, there shall also be increased estimated receipts and appropriations in the General Capital Projects Fund in the amount of$1,500,000.00, transferred from available fund s in the General Fund, for the purpose of funding the lntermodal Parkway Improvements project (City Project No. 103332). 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 remainin g 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 provi s ions 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed .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 AS TO FORM AND LEGALITY: DBlack (Apr 25, 2023 17 :15 CDT ) Sr. Assistant City Attorney ADOPTED AND EFFECTIVE : April 11, 2023 CITY SECRETARY Jannette S. Goodall City Secretary Mayor & Council Map Transportation & Public Works lntermodal Parkway I CPN # 103332 ,,. Project Extent --Major & Minor Streets -+--+-Railroads Channels BNSF Property Property Boundaries CJ Fort Worth City Limits t N Data Source: C FW GIS, N ear Map 2022 I Map generated February 2023 Amy LaMar, TPW Business Suppo rt Services 0 500 1,000 2,000 Feet City of Fort Worth, Texas Mayor and Council Communication DA TE: 04/11 /23 M&C FILE NUMBER: M&C 23-0272 LOG NAME: 20INTERMODALPKWYFUNDAPPROP SUBJECT (CD 7 I Future CD 10) Adopt Appropriation Ord inances in the Collective Amount of $2 ,700 ,000 .00 for Additional Funding for the lntermodal Parkway Improvements Project and Amend the Fiscal Years 2023-2027 Capital Improvement Program RECOMMENDATION: It is recommended that the City Council: 1 . Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the General Fund in the amount of $1 ,500,000 .00 , from fund balance , for the purpose of transferring to the General Capital Projects Fund ; 2. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the General Capital Projects Fund in the amount of $1 ,500,000 .00 , transferred from available funds within the General Fund , for the purpose of funding the lntermodal Parkway Improvements project (City Project No . 103332); 3. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the Transportation Impact Fee Capital Fund , in the amount of $1 ,200 ,000.00, from available funds within the Revenue -SA AA Transportation Impact Fees project (City Project No . UN9929), for the purpose of funding the lntermodal Parkway Improvements project (City Project No . 103332); and 4 . Amend the Fiscal Year 2023 Adopted Budget and the Fiscal Years 2023-2027 Capital Improvement Program . DISCUSSION: lntermodal Parkway is a commercial corridor connecting the Burlington Northern Santa Fe Railroad (BNSF) lntermodal Facility and related businesses in the Alliance area to Old Blue Mound Road (Old FM 156) and ultimately to Interstate 35 West (l-35W) via Westport Parkway. lntermodal Parkway is a 30-year-old partially built road that stretches approximately 2.5 miles from the BNSF lntermodal Facility, with the first mile in the City and then connecting to the next 1.5 miles through the City of Haslet to Westport Parkway and on to l-35W. The Parkway serves as the lifeline for the freight , supply chain and e-commerce activities in the City and Tarrant County. This roadway connects the North America 's largest inland port , the Alliance Texas Global Logistics Hub and its supply chain logistic partners to major employers , communities and other transportation systems , including air, rail and interstate highway. Being delivered by a public-private partnership led by Hillwood , it continues to be a project of significance for regional improvements be ing led by North Central Texas Council of Governments (NCTCOG), City of Fort Worth , City of Haslet , Tarrant County and Hillwood . On June 22 , 2021 , City Council adopted an appropriation ordinance increasing receipts and appropriations in the Transportation Impact Fee Funds in the amount of $5 ,500 ,000.00 for the lntermodal Parkway project from available funds within Impact Fee Service Area AA, as well as an additional $250 ,000 .00 in the Developer Contribution Fund from completed Future Improvement Agreement funding (Mayor and Council Communication (M&C) 21-0500). On August 3 , 2021 , Tarrant County awarded $6,750,000.00 of its 2021 Bond Program for the lntermodal Parkway project. The County Bond Program requires City matching funds dollar per dollar. The project cost has increased to $13 ,715 ,363.00 , and in addition , some of the project elements are ineligible for either funding source , creating a budget shortfall of $2 ,215 ,362.48 . An additional $484 ,637 .52 is being appropriated for contingencies , for a total appropriation of $2 ,700,000.00. As a part of the Fiscal Year 2022 year-end process , the lntermodal Parkway Improvements project has been identified to use available fund balance from the General Fund to close this funding gap. The action in this M&C will amend the Fiscal Year 2023 Adopted Budget as approved in connection with Ordinance 25773-09-2022, Section 1. General Fund , as listed on page(s) 3 . Fund / Department Budget Category General Fund Revenues Transportation & Public Works Use of Fund Balance Total Revenues Expenditures Transportation & Public Works FY2023 Adopted . . Revised FY2023 Budget Authority Budget Adjustment Budget $254 ,333 .00 This M&C $ 254,333.00 $ $37 ,496,803.00 $1 ,500,000.00 1,500,000.00 $ $1 ,754 ,333 .00 1,754,333.00 $37 ,496 ,803 .00 Transfer to General Capital Fund (Paygo) Transfer to Vehicle and Equipment Replacement Fund FB/NP lnterfund Transfer Out Total Expenditures $4 ,810 ,462 .00 $3 ,500 ,000.00 This M&C $45,807 ,265.00 $1 ,500 ,000.00 $1,500,000.00 $4 ,8 10 ,462 .00 $3 ,500 ,000.00 $1 ,500 ,000.00 $47,307,265.00 The following table summarizes the total funding fo r the lntermodal Parkway Improvements project after appropriation ordinances in this M&C are adopted: Fund Existing Additional Project Total Funding Funding 30104 -Developer Contribution Fund $250 ,000.00 $0 $250 ,000 .00 30106 -Intergovernmental Contribution $6 ,750 ,000 .00 $0 $6 ,750 ,000 .00 Fund 30108 -Trans Impact Fee Capital Fund $4 ,469 ,690 .39 $1 ,200 ,000 .00 $5 ,669 ,690 .39 39008 -Trans Impact Fee Capital Fund $1 ,030 ,309 .61 $0 $1 ,030 ,309.61 Legacy 30100 -General Capital Projects Fund $0 $1 ,500 ,000 .00 $1 ,500 ,000 .00 Project Total $12,500 ,000.00 $2,700,000.00 $15 ,200,000.00 Approximately $9 .5 million of the ending FY2022 General Fund Balance was assigned for future appropriation to be used on Capital Project Shortfalls. Upon approval of this M&C , approximately , $7 .9 million will remain for futu re appropriation by Mayor and Council. This project is located in COUNCIL DISTRICT 7 and FUTURE COUNCIL DISTRICT 10 . 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 fund balance within the General Fund and in the REVENUE-SA AA - Transp Imp Fee project within the Transportation Impact Fee Cap Fund and upon approval of the above recommendations and adoption of the attached appropriation ordinances , funds will be available in the CFA lntermodal Parkway project. Prior to an expenditure being incurred, the Transportation and Public Works Department has the responsibility of verifying the availability of funds . Submitted for City Manager's Office by: William Johnson 5806 Originating Business Unit Head: Lauren Prieur 6035 Additional Information Contact: Monty Hall 8662 Expedited