Loading...
HomeMy WebLinkAboutOrdinance 26709-02-2024Ordinance No. 26709-02-2024 AN ORDINANCE ADJUSTING ESTIMATED APPROPRIATIONS IN THE 2014 BOND PROGRAM FUND, BY INCREASING ESTIMATED APPROPRIATIONS IN THE 34014 APPROPRIATION ONLY PROJECT (CITY PROJECT NO. U34014) IN THE AMOUNT OF $2,000,000.00 AND DECREASING ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE WAGLEY ROBERTSON ROAD PROJECT (CITY PROJECT NO. 104154) 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 2023-2024 in the Budget of the City Manager, there shall also be adjusted estimated receipts and appropriations in the 2014 Bond Program Fund, by increasing estimated receipts and appropriations in the 34014 Appropriation Only project (City Project No. U34014) in the amount of $2,000,000.00 and decreasing estimated receipts and appropriations in the Wagley Robertson Road project (City Project No.104154) 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 26453-09-2023 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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: Douglas Black (Mar 5, 204 16:40 CSTJ Assistant City Attorney ADOPTED AND EFFECTIVE: February 13, 2024 CITY SECRETARY A Aa'-� Jannette S. Goodall City Secretary Funds Availability as of 1/23/2024 FORT IVORTH. GL0019 07 Project Budget Summary RunTime'. 07723'2024 ez:33 rail Export Detail Data ExpandAR G0€lapsc All UM9913 REVENiJE- SA C-Trtin6p Imp Fees ® 3010a Transportation impact F" Cap 50.DC S,9.48;,074 88 $9.482,874,82 0.00 dot 001 Transportalion impact Fee SL C{ a.;54 ZLN S82444.foo Ic 0.30 zrllotC Interest Fam, rigs so e4 S'2s3,0T4.7S SS 2M. 074,?B 0.00 EI 39008 Trans €rrilpaact Fee Cap Legacy 1121.703.02 51 1.7:32,22 V3.321.P9; 7727 TotalRevenue $131,793.92 59.N2,407,11 58,450,643.19 7272AI FORT WORTH GL0019-07 - Proiect Dudget Summary —14� RwMime: 01:21:2024 03!07 PM LXPO(I()elm 11 Gat& Expand All Collapse All UN9915 REVENUE- SA E -Transµ trap Fees La 3QFa6 iraRSj70RahOn irryHCr Fee [.ap lg.0e 5£.8.7i.9!t3.21 S AMd 91a3I Poo .iMMt Tranip rt,W,on Impact Fee S0.00 ifli41.O4.1 Se. t02,060tt 0.01, 4F110t s000 S>< 12821C SMI 8621C '1 'tt IM3 WUS ]ranS[mpaCtteefap Legacy bG_07 5 t ..=.51at1,.8'�6A3 O.oC Total Revenue S0.00 59,OOS264.9a S9,003,254.84 0.00 FORT WORTH GL0015-07 - Project Budget Summary RunTime: C1,2I32024 03:07 PM Export Detail Data Expand All Collapse All 104154 Wagley Robertson 1113004 Developer Contribution 52 &a.'= W 5zM,080.2C S0.00 100,00 © 520D2 Stormwaler Capital Projects .6JC` CCC9 ,$2 222 300 JC. $0-00 100,0C C-1 52002 Drainage Rev 0onds Sears 2023 +y�,�f�,d3G CCU 122.:—,L, 000.0C $0.00 100.00 Total Revenue. 57,980.690 DO 57.990 G80.00 SD.00 100-Da O Bond Program 515,500,QO0.f70 So.00 $730.001.08 5130.359.35 St4.593.539.57, 5.91 SU0142014BondProgram 84-5929D4,0J so co SC.CC S000 34.500440.CC C.C•3 0 #!. G1621 O Prap41 Compp2 - Su6Compa110 4 5f ,-J3C.Cr7 SC,C3 SC.C! 5C C{ 54.3CC.C9C C4 C.00 E U027 202213and Program 5tt,M.a040,aa SON 170MI C.a IiMIM?5 510.D93,1539.57 5.33 &7 Misc. Fun6s 32J=.880.00 Sabo 50,60 S0 00 S2.890.15M 00 0.00 I7 New Cap" Project Funds Sri-000,00o.0o $4,00 SO.CO SO. CO 35,000.0D0.0o 0.00 Total Exprnditue . 323,330,680.00 M.00 $720.001.0E 5136,359.35 122.474.319.57 3.92 Mayor & Council Map I CPN 144154 FORT WORTH® Wagley Robertson Road I CD #7 (Quicksilver Ct to Coneflower TraiI) r e .' �..V. lip`<F! Y�C Map `y WHITE I?,I q �r�• i , 4+--ice-- �� ' J •M — .,,t - QUIEKSIUVER«rp - .rr55 � •crio , jI(e _ E Q,s- WIL'DRI V IF RIOGEWAT,ERF .� .. s — yBEfVTO4- �+� �z �'� CALENDER• ` o y PROPELL E �:.w^.,a-- s s y CRAf�BROOK M_ O` of S..11N i.. TAKEOFF_opt BRQEWICK 4V• ,,.* otst k , e, CROWN OAKS ` ■■■■■■ Project Extent r.+ Fort Worth City Limits ' r; Data Source: CFW GIS, NearMap 2022 Map generated October 2022 •` Amy LaMar, TPW business Support Services N i 0 250 Soo 1,000 BFEBRUSH 'HIGAU1yM�MiT W LU t w 4 r .HAWKWATCH� .�, � City of Fort Worth, Texas Mayor and Council Communication DATE: 02/13/24 M&C FILE NUMBER: M&C 24-0118 LOG NAME: 2024 WAGLEY R IMP FEE AND TRANSFER 2014 BOND RESIDUAL SUBJECT (CD 7 and CD 10) Adopt Appropriation Ordinances in the Collective Amount of $4,000,000.00 to Provide Transportation Impact Fee Funding for the Wagley Robertson Project, Reduce 2014 Bond.Program Funding in the Project by $2,000,G00.00 and Amend the Fiscal Years 2024-2028 Capital Improvement Program RECOMMENDATION: It is recommended that the City Council: 1. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the Transportation Impact Fee Cap Fund in the amount of $2,000,000.00 from available funds within the Revenue - SA C Transp Imp Fees project (City Project No. UN9913) and the amount of $2,000,000.00 from available funds within the Revenue - SA E-Transp Imp Fees project (City Project No. UN9915) for the purpose of funding the Wagley Robertson Road project (City Project No. 104154); 2. Adopt the attached appropriation ordinance adjusting estimated appropriations in the 2014 Bond Program Fund in the amount of $2,000,000.00 by increasing estimated appropriations in the 34014 Appropriation Only project (City Project No. U34014) and decreasing estimated appropriations in the Wagley Robertson Road project (City Project No. 104154) by the same amount; and 3. Amend the Fiscal Years 2024-2028 Capital Improvement Program. DISCUSSION: The purpose of this Mayor and Council Communication (M&C) is to appropriate eligible Transportation Impact Fee funds to supplement existing funding for the Wagley Robertson Road project which was included in the 2022 Bond Program. Due to current market conditions, supply chain issues, and higher inflation rates than usual, additional funds are needed to cover estimated budget shortfalls. Staff proposes using the $4,000,000.00 of eligible Transportation impact Fee funding to augment the design -build activities, including design, Right -of -Way (ROW) acquisition and construction, for the Wagley Robertson Road Design -Build project. The project is considered a high priority capacity improvement project to the infrastructure of the City of Fort Worth as a result of growth. 2014 Bond Program funding existing in the project will be reduced by $2,000,000.00 in order to fund other city projects. The net increase to the project budget will be $2,000,000.00. The following table summarizes the total project funding for the Wagley Robertson Road project: Fund h Existing Funding Additional Funding Project Total 34014- 2014 Bond Program Fund $4,500,000.00 ($2,000,000.00) $2,500,000.00 34027- 2022 Bond Program Fund $11,000,000.00 $0.00 $11,000,000.00 30104 -Developer Contribution Fund $2,890,680.00 $0.00 $2,890,680.00 52008 — Drainage Rev Bond Series 2023 Fund $2,000,000.00 $0.00 $2,000,000.00 52002 — Stormwater Capital Projects Fund $3,000,000.00 $0.00 $3,000,000.00 30108—Transportation Impact Fee Cap Fund $0.00 $4,000,000.00 $4,000,000.00 Project Total $23,390,680.00 $2,000,000.00 $25,390,680.00 Funding for this project was not included in the Fiscal Years 2024-2028 Capital Improvement Program (CIP) because the eligibility of impact fee funding had not been determined at the time of its development. The actions in this M&C will amend the Fiscal Years 2024-2028 Capital Improvement Program as approved in connection with Ordinance 26453-09-2023. This project is located in COUNCIL DISTRICTS 7 and 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 Revenue - SA C - Transp Imp Fees and Revenue - SA E - Transp Imp Fees projects 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 Transportation Impact Fee Cap Fund for the Wagley Robertson project. Prior to an expenditure being incurred, the Transportation and Public Works Department is responsible for verifying the availability of funds. Submitted for C11y Mana ees Office by. Jesica McEachem 6804 Originating Business Unit Head: Lauren Prieur 6035 Additional Information Contact: Monty Hall 8662