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Home My WebLink AboutOrdinance 26834-04-2024Ordinance No. 26834-04-2024 AN ORDINANCE ADJUSTING APPROPRIATIONS IN THE WATER AND SEWER COMMERCIAL PAPER FUND BY INCREASING APPROPRIATIONS IN TRINITY BOULEVARD PHASE 2 PROJECT (CITY PROJECT NO. 103280) IN THE AMOUNT OF $5,400,542.00 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 2023-2024 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 Trinity Boulevard Phase 2 project (City Project No. 103280) in the amount of $5,400,542.00 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. 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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 (Apr 19, M24 1 T26 CDT) Douglas W. Black Senior Assistant City Attorney ADOPTED AND EFFECTIVE: April 09, 2024 CITY SECRETARY Jannette S. Goodall City Secretary Mayor & Council Map I CPN 103280 FORT WORTH,, Trinity Blvd Improvements, Ph. 2 I C® #5 Vicinity Map N All T � i V. R yd ' i p :j ky TiRi N ITrY - "'Y S r t Y O 1 wyk q lilt A Bill qF Soo Feet r Q " Data Source: CFW GI51 Map generated January 2624 Amy LaMar, TPW Business Support Services q 1'—plr102021 MOLondaivlleabe. �•: . e} 7��fff"` - S ,¢ �, r � r �t In:f Onaanbefae/wDW�IreprvsenWOnn mN �n�vrvrysnetlobe idGrtMSderS�'i p 3 }_� � � r�odv¢dp �dggxp iYarcd d ienlmalia d TheC rydFw� ,3ix 4� City of Fort Worth, Texas Mayor and Council Communication DATE; 04/09/24 M&C FILE NUMBER: M&C 24-0282 LOG NAME: 20TRINITY BLVD PHASE 2 CONSTRUCTION SUBJECT (CD 5) Authorize Execution of a Contractwith Jackson Construction, LTD, in the Amount of $12,099,342.00 forTrinity Boulevard Phase 2 from Salado Trail to Thames Trail; Adopt Resolution Expressing Official Intent to Reimburse Expenditures with Proceeds of Future Debt for the Trinity Boulevard Phase 2 Project, Adopt Appropriation Ordinance to Affect a Portion of Waters Contribution to the Fiscal Years 2024-2028 Capital Improvement Program, Adopt Appropriation Ordinance and Amend the Fiscal Years 2024-2028 Capital Improvement Program (2022 Bond Program) RECOMMENDATION: It is recommended that the City Council: 1. Authorize execution of a contract with Jackson Construction, LTD in the amount of $12,099,342.00 for the construction of Trinity Boulevard Phase 2 from Salado Trail to Thames Trail project (City Project No. 103280); 2. Adopt the attached resolution expressing official intent to reimburse expenditures with proceeds of future debt for the Trinity Boulevard Phase 2 project; 3. Adopt the attached appropriation ordinance adjusting appropriations in the 2022 Bond Program Fund by increasing appropriations in Trinity Boulevard Phase 2 project (City Project No. 103280) in the amount of $500,000.00 and decreasing appropriations in the Heritage Trace Pkwy 1 project (City Project No.103300) by the same amount; 4. Adopt the attached appropriation ordinance adjusting appropriations in the Water & Sewer Commercial Paper Fund by increasing appropriations in Trinity Boulevard Phase 2 project (City Project No. 103280) in the amount of $5,400,542.00 and decreasing appropriations in the W&S Commercial Paper project (City Project No. UCMLPR) by the same amount, to affect a portion of Waters contribution to the Fiscal Years 2024-2028 Capital Improvement Program; and 5. Amend the Fiscal Years 2024-2028 Capital Improvement Program. DISCUSSION: The purpose of this Mayor and Council Communication (M&C) is to authorize execution of a contract with Jackson Construction, LTD in the amount of $12,099,342.00 for Trinity Boulevard Phase 2 from Salado Trail to Thames Trail. Trinity Boulevard Phase 2 from Salado Trail to Thames Trail will include a 4-lane concrete road, divided median, replacement of the existing 36" water transmission line, landscape, drainage and illumination improvements. A ten -foot -wide sidewalk and a traffic signal at the intersection of Trinity Boulevard with Shoreside Parkway ! Sequin Trail are also included. The following table demonstrates the funding history and total budget for the project: Capital Fund Name Project Name Appropriations11 Budget Revised Fiscal Year Adjustment 2024 Budget 34027-2022 Bond Program Fund 103280-Trinity Boulevard Phase 2 $6,150,000.00 $500,000.00 $6,650,000.00 30108-Transportabon Impact Fee 103280-Trinity $1,771 868.35 $0.00 $1,771.868.35 Cap Fund I Boulevard Phase 2 30104-Developer Contribution Fund 103280-Trinity Boulevard Phase 2 $250,000.00 $0.00 $250,000.00 39008 - Transportation Impact Fee 103280 Trinity $28,131.65 $0.00 $28,131.65 Legacy Fund Boulevard Phase 2 56022-W&S Commercial Paper Fund 103280-Trinity Boulevard Phase 2 $0.00 $5,400,542.00 $5,400,542.00 P1.roject Total $8,200,000.00 $5,900,542.00 $14,100,542.00 The project was advertised for bid on December 28, 2023 and January 4, 2024 in the Fort Worth Star -Telegram. On February 1, 2024 the following bids were received: Bidders I Amount Construction, LTD 1 $12,099, don Construction 1 $13,221,561 The Transportation & Public Works Department's share on this contract is $7,117,637.00. The paving funds for this project are included in the 2022 Bond Program. The Water Department's share on this contract is $4,981,705.00 (Water) and will be available in the W&S Commercial Paper Fund for the project (City Project No. 103280). In addition to the contract amount, $1,138,22b.00 (Water: $269,386.00, TPW: $868,834.00) is required for project management, material testing, and inspection and $362,980.00 (Water: $149,451.00, TPW: $213,529.00) is provided for project contingencies. 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 the expenses to be reimbursable. Adoption of the attached resolution does not obligate the City to sell bonds, but preserves the ability 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 (FY), 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 appropriate funds in support of the Water's portion of the City of Fort Worth's Fiscal Years 2024-2028 Capital Improvement Program. Funding is budgeted in the W&S Commercial Paper project within the W&S Commercial Paper Fund and the 2022 Bond Program Fund for the purpose of funding the Trinity Boulevard, Phase 2 project. Construction of Trinity Boulevard Phase 2 from Salado Trail to Thames Trail is anticipated to begin in early Fail2024. This project is included in the 2022 Bond Program. The City's Extendable Commercial Paper (ECP) (M&C 22-0607; Ordinance 25675-08-2022) provides liquidity to support the appropriation. Available resources will be used to make any interim progress payments until debt is issued. Once debt associated with a project is sold, debt proceeds will reimburse the interim financing source in accordance with the statement expressing official Intent to Reimburse that was adopted as part of the ordinance canvassing the bond election (Ordinance 2551M5-2022). Funding appropriated for this project by this M&C was not included in the FY2024-2028 Capital Improvement Program (CIP) because construction cost estimates were not complete at the time of CIP development. The action in this M&C will amend the FY2024-2028 Capital Improvement Program as approved in connection with Ordinance 26453-09-2023. DVIN-BE: Jackson Construction, LTD is in compliance with the City's Business Equity Ordinance by committing 5% MWBE participation and documenting a good faith effort. Jackson Construction identified several subcontracting and supplier opportunities. However, the firms contacted in the areas identified did not respond or did not submit the lowest bids. The City's MWBE goal on this project is 16%. The Project is located in COUNCIL DISTRICT 5. FISCAL INFORMATION ! CERTIFICATION: The Director of Finance certifies the funds are currently available in the Commercial Paper project within the W&S Commercial Paper Fund and in the Heritage Trace Pkwy 1 project within the 2022 Bond Program Fund and upon approval of the above recommendations and adoption of the attached appropriation ordinances, funds will be available in the current capital budget, as appropriated, in the W & S Commercial Paper Fund and 2022 Bond Program Fund for the Trinity Boulevard Phase 2 project. Prior to expenditures being incurred, the Transportation & Public Works Department has the responsibility to validate the availability of funds. ubMitted for City Managees; Office by; Jesica McEachem 5806 Originating Business Unit Head: Lauren Prieur 6035 Additional Information Contact;,Monty Hall 8662 Expedited