HomeMy WebLinkAboutIR 6991 -
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1*11FORMAL REPORT TO CITY COUNCIL MEMBERS No. 6991
top? To the Mayor and Members of the City Council January 3, 1985
X Subject: WATER AND SEWER 1985 CIP PROJECTS
The dynamic growth in Fort Worth and its customer cities
necessitates a requirement for extending water and sewer lines .
Additionally , the rehabilitation and replacement of deteriorated
and aging water and sewer lines are critical to both maintaining
the water and sewer infrastructure and sustaining orderly
and systematic development within the city.
Expansion of the water and sewer infrastructure to keep pace
with the current rate of development is not practicable without
the issuance of revenue bonds to finance major system
improvements . Since January 1984, it is City policy to sell
bonds in sufficient amounts to ensure funding of capital
projects planned for the next twelve months . Bond funds must
be available before contracts are approved.
Accordingly, a schedule of water and sewer system improvements
requiring revenue bond financing for the next year is attached
for review by the City Council . A total of $43, 125 ,000 is
recommended to maintain current and proposed development and
rehabilitation of the water and sewer system during the next
twelve months . The $19. 5 million *proposed for water system
improvements and $23 ,625,000- proposed for sewer system
improvements include funds adequate to ensure (1) ongoing
replacement and rehabilitation of aging infrastructure,
(2) completion of City participation in more than fifty active
community facilities agreements , (3) initiation of new water
and sewer projects, and (4) continued compliance with the
Village Creek Wastewater Treatment Plant facility plan. All
projects listed were anticipated in the 1984/85 fiscal year
rate recommendations and future rate adjustments will be
affected by this bond sale.
Additional information will be furnished upon request and
with Council concurrence the staff will prepare an M&C
recommending the schedule of projects attached.
ern4el Stui'ns
cting City Man?aer
Attachment
-ISSUED BY THE CITY MANAGER FORT WORTH, TEXAS
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