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Home My WebLink AboutIR 24-1784 INFORMAL REPORT TO CITY COUNCIL MEMBERS No. 24-1784 To the Mayor and Members of the City Council January 9, 2024 Page 1 of 1 i i7 Y SUBJECT: 2026 BOND PROGRAM PLANNING OVERVIEW r6 rn Yg7'3 The purpose of this report is to provide the City Council with an overview of 2026 Bond Program planning and draft program development components. Exhibit A provides more information on the status of 2026 Bond Program planning, including DRAFT 2026 Bond Program components, including: • Program philosophy • Program goals and objectives • Anticipated project categories • Project prioritization criteria • Proposed timeline Should you have any questions, please contact Eric Fladager, Assistant Director, at 817-392-8011. David Cooke City Manager Attachment: Exhibit A—2026 Bond Program Planning Overview Presentation ISSUED BY THE CITY MANAGER FORT WORTH, TEXAS FORTWORTH. 2026 Bond Program Planning Overview Informal Report Exhibit January 9, 2024 IR Exhibit A—2026 Bond Program Planning Overview Presentation , by PhIX o5op ram Ord Pr°g 6 8° rt Q2 . • ceoe t 2 • ep�a rat 01A one renova • dete�� . ` •. ��e Cost t e �`i ecy �a'�'�ed . V s and p � osts \delopnt` �u�r�rg op er at�rg . Re �, • 026 �s Nay 2 022 d to 2 . • nda a ,me as 0 nd Reece ertage osa `` others . 8 ct peCc 2 ° C P tat °n � 1� 2026 Bond Program Goals • Objectives ntain/Improve Existing Infrastructur obility & City Services in Growth Areas Enhance Transportation and Recreational Corridors Allow for Flexibility and Partnership Opportunities Achieve Balance and Fiscal Stewards (choices & trade-offs are Jill I always required) Support Areas that Produce High Tax Generation per Acre relatedsite Ca'te%of building ateg�c prior�t�es. �,t, eXisting they s raft prole abilitatJonhousing or °acement'ea t affordable d assoc,ated n rep\tur relat rk amenities an aci\jt%eS new cons fo cinfrastruc e F potentwal of eXist�ng pa ects include t,on prof vements• abilita ent. t imPrO .Cal) lacemen e park developm school s keo ds r10..vert, nstructi f langiof futur t re labili'at`.on, and 'Par parks k ude new co uis,t�on ° ood scree e rehab�l� projects inclrer and aca tructu truCtUre .dors, �e,ge bect ons�br\dg imfras 5 corn ,nt f ra na ental MOV%Vltl ,r . n, estab\ts.et jlc s,g \s, en�ifonm Streets and ia\ c0nstrucs'�treetl�gh er St rter ss�ng �acilitat�e°recreatiOna\ a ter auaes and pass- lncludes,deWalks►RR Cro lots• air ford ra�llinkag .zones, rk�ng aCe ante. nh e and p en Sp ide to e roved ea5 and Op s of \and d ng concerns, gents. tv►ra1 Ar r0vemen igate(loon deve\Opm a ding 1�1 and i e osiov I\ue to sumo AcauisitiO control d add oenei*,lt'syities, an P Project Development — Influencing Factors Data Collection and Analysis Master Plans and Strategic Goals Neighborhood J Meetings Development Activity Boards and PROJECT Commissions City Council Public Waitlisted Projects from Meetings 2022 Bond Program Service Demand 5 Departments Provide Project Details Data and Analytic Support nticipated Cost and Spen ing Schedule — an esig Operating and Maintenance Cost Identify Additional Funding Sources Collaboration Opportunities oje Delivery Compone s a Proposed Schedule Department Project Ranking FORT WORTH. 2026 Bond-Funded Project Request Form Department: Date Form Completed: Project Project Name: Project Location: rct escr P oje iption: Project D Justification(including adopted plans supporting the protect,consequence of not funding,state or federal mandated requirement,city ordinance/contract agreement,council directive/priority,etc.): Development Is this protect shared with another city department? Yes ❑ No❑ If yes,please specify: Is this protect shared with an outside(federal or state)agency? Yes ❑ No❑ If yes,please specify: Is this protect timed to coordinate with another protect? Yes ❑ No❑ If yes,please specify: Project Request Does this protect have a known impact on another Yes ❑ No❑ If yes,please specify department(s)operational budget? Department Name: Department Name: Form (example) Personnel Costs $ Personnel Costs $ Operating Costs:$ Operating Costs:$ Other Costs:$ Other Costs:$ List all funding sources for this protect: A, General Obligation(GO.)Bonds Yes ❑ No ❑ $ B. Grants—Federal Yes ❑ No ❑ $ C. Grants—State Yes ❑ No ❑ $ D. Grants-Local Yes ❑ No ❑ $ E. Transfers from Other Funds Yes ❑ No ❑ $ F. Certificates of Obligation Yes ❑ No ❑ $ G. Impact Fees Yes ❑ No ❑ $ H. Other(specify) Yes ❑I No ❑ $ TOTAL: I I$ Schedule of total protect costs(using total funding amount from above funding chart) FISCALYEAR 2027 2028 2029 2030 2031 Property Acquisition $ $ $ $ $ Right-of-way $ $ $ $ $ Design $ $ $ $ $ Construction $ $ $ $ $ Equipment/Furnishings $ $ $ $ $ Other Required $ $ $ $ $ Infrastructure (Water/Sewer) Projected O&M Costs $ $ $ $ $ Total $ $ $ $ $ Additional Notes: 7 Draft Prioritization ' Criteria Project Collaboration — Project connects with existing or proposed projects, and/or will share other departments. are resources with Federal, State or other Legal Requirements — Project satisfies federal, state or local man court order, as well as contractual obligation, date, grantor Leverage Opportunities — Project has committed funds from outside organizations. Approved/Adopted Master Plan — Project advances the City's strategic goals and is consis tent with approved/adopted Master Plan(s). Capital Replacement — Project replaces existing se or facility that is beyond economic increasing risk of failure. asset useful life with Infrastructure — Project improves the City's transportation infrastructure. Service Deficiencies — Project addresses significant deficiency in the level of service provided community. p ded to the Public Health and Safety — Project eliminates or prevents existing health, environmental Economic Development/ROPI — Project stimulates significant job creation through ' or safety concerns. corporate relocation, or the development of walkable mixed-use urban places. Project directly supportsxp on, locations with high tax generation per acre. Equity— Project is located within, or directly serves, a Social Vulnerability Index (SVI area with score of Most Vulnerable. (Note: SVI replaces Super-Majority Minority Area (S-MMA) with a minority mutative Population of 75% or greater.) ty 0 . t;**jeS objec . comfv�jttee anon . or�t�z . . • pry - D t ra , . . • ' F - a tments IL . . • • . . • structure dep r . • • , • from ,nfra needed • • adersh;p date if • rimari�y °f le and up ee �onnprised p se\ect;on cr;ter�a . Cornnj,tt rev1ew draft bcOvnmittee to . Su Draft Timeline 2024 Jan Feb Mar Apr May Jun Jul Aug Sep OctDec2024 Public outreach meetings begin Departments submit projects is Draft funding recommendations for each category Refine estimates and reprioritize projects Finalize preliminary project list 2026 Bond IR Update meeting -debt capacity, prioritization criteria, project updates 1w Mar 2024 Draft Timeline 2025 Jan Feb I Mar I Apr May Jun Jul Aug Sep OctDec2025 Public outreach meetings continue Finalize project list Approve final project list ' Dec 2025 11 Draft Timeline 2026 Jan Feb Mar Apr May 2026 Public education meetings Set bond election Bond election Jan 2026 May 2026 Questions .? Comments ?