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HomeMy WebLinkAboutOrdinance 26230-06-2023ORDINANCE NO. 26230-06-2023 AN ORDINANCE ADJUSTING APPROPRIATIONS IN THE WATER AND SEWER COMMERCIAL PAPER FUND, BY INCREASING APPROPRIATIONS IN THE WSIV ELEVATED WST & TRANS MAIN PROJECT (CITY PROJECT NO. 103292) IN THE AMOUNT OF $12,429,931.00 AND DECREASING APPROPRIATIONS IN THE W&S COMMERCIAL PAPER PROJECT (CITY PROJECT NO. UCMLPR) BY THE SAME AMOUNT; 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 departments for Fiscal Year 2022-2023 in the Budget of the City Manager, there shall also be adjusted appropriations in the Water and Sewer Commercial Paper Fund, by increasing appropriations in the WSIV Elevated WST & Trans Main project (City Project No. 103292) in the amount of $12,429,931.00 and decreasing appropriations in the W&S Commercial Paper project (City Project No. UCMLPR) by the same amount. 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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 AS TO FORM AND LEGALITY: Qom' I DBIack (Jun 20, 202319:18 CDT) Douglas W. Black Senior Assistant City Attorney CITY SECRETARY A Jannette S. Goodall City Secretary ADOPTED AND EFFECTIVE: June 13, 2023 0 - Qe Woo 0 °00 0, >0 o D cP'r d °O * C A MAYOR AND COUNCIL COMMUNICATION MAP 60WSIV TRANSMISSION MAIN - MCKEE 41 e'7!10N !A R §D «- s.L -7- r x i PROPOSED WS IV 36" TRANSMISSION MAIN WPM FUTURE WS IV ALEDO UREEKS RD 1.5 MG ELEVATED .. STORAGE TANK FORTWORTH SL 21322 City of Fort Worth, Texas Mayor and Council Communication DATE: 06/13/23 M&C FILE NUMBER: M&C 23-0499 LOG NAME: 60WS IV TRANSMISSION MAIN - MCKEE SUBJECT (CD 3) Authorize Execution of a Contract with McKee Utility Contractors, Inc., in the Amount of $11,624,937.00 for Westside IV 36-Inch Water Transmission Main Provide for Project Costs for an Additional Project Total in the Amount of $12,429,931.00, Adopt Resolution Expressing Official Intent to Reimburse Expenditures with Proceeds of Future Debt, and Adopt Appropriation Ordinance RECOMMENDATION: It is recommended that the City Council: 1. Authorize execution of a contract with McKee Utility Contractors, Inc. in the amount of $11,624,937.00 for the Westside IV 36-Inch Transmission Main from Aledo Road to Westside IV Elevated Storage Tank project; 2. Adopt the attached resolution expressing official intent to reimburse expenditures with proceeds from future debt for the WSIV Elevated WST & Trans Main project; and 3. Adopt the attached appropriation ordinance adjusting appropriations in the Water and Sewer Commercial Paper Fund by increasing appropriations in the WSIV Elevated WST & Trans Main project (City Project No. 103292) in the amount of $12,429,931.00 and decreasing appropriations in the W&S Commercial Paper project (City Project No. UCMLPR) by the same amount. DISCUSSION: The purpose of this Mayor and Council Communication (M&C) is to authorize execution of a contract with McKee Utility Contactors, Inc., in the amount of $11,624,937.00 for Westside IV 36-Inch Transmission Main from Aledo Road to Westside IV Elevated Storage Tank project. The project was advertised for bid on March 16 and 23, 2023, in the Fort Worth Star -Telegram. On April 20, 2023, the following bids were received: Bidder J Base Bid FContract Time McKee Utility Contractors, Inc. $11,624,937.00iDays 325 Calendar S J Louis Construction of Texas, Ltd $12, 562, 003.58 Reyes Group, Ltd $12,733,555.00`' Mountain Cascade of Texas, LLC $13,200,418.00 Harper Brothers Construction, $15,011,406.74� LLC i In addition to the contract cost, $514,370.00 is required for project management and inspection and $290,624.00 is provided for project contingency. This project will have no impact on the Water Department 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. 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 amend the City of Fort Worth's Fiscal Year 2023-2027 Capital Improvement Program as follows: 60WS IV TRANSMISSION MAIN - MCKEE Capital FY2023 CIP udget ChangeFund Revised ENaet Appropriations Authority E(InBcrease/Decrease) FY2023 Name Budget 103292 WSIV per ain & "II $0.0011This M&CII $12,429,931.0011$12,429,931 Funding for the WSIV Elevated WST& Trans Main project is depicted below: Fund Existing Additional Project Total* Appropriations Appropriations W&S Commercial Paper -Fund $1,831,291.00 $0.00 $1,831,291.00 56020 W&S Commercial Paper -Fund $8,853,934.00 $0.00 $8,853,934.00 56021 W&S Commercial Paper -Fund $0.00 $12,429,931.00 $12,429,931.00 56022 W&S Capital Projects Fund $324,256.00 $0.00 $324,256.00 56002 Project Total $11,009,481.00 $12,429,931. 00 $23,439,412.00 *Numbers rounded for presentation purposes. Business Equity — McKee Utility Contractors, Inc. is in compliance with City's Business Equity Ordinance by committing to eight percent MWBE participation on this project. The City's MWBE goal on this project is six percent. The project is located in COUNCIL DISTRICT 3. FISCAL INFORMATION / CERTIFICATION: The Director of Finance certifies that funds will be available after the sale of the Water and Sewer Bonds in the W&S Commercial Paper project within the W9S 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 WSIV Elevated WST & Trans Main project to support the approval of the above recommendations and execution of the amendment to the engineering contract and the construction 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: Farida Goderya 8214