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Home My WebLink AboutOrdinance 26859-04-2024Ordinance No. 26859-04-2024 AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE TRANSPORTATION IMPACT FEE CAPITAL LEGACY FUND, IN THE AMOUNT OF $76,160.00, FROM AVAILABLE INTEREST EARNINGS WITHIN THE REVENUE — SERVICE AREA W — TRANSPORTATION IMPACT FEES PROJECT (CITY PROJECT NO. UN9925), FOR THE PURPOSE OF FUNDING THE BRYANT IRVIN ROAD AT OAKMONT BOULEVARD INTERSECTION IMPROVEMENT PROJECT (CITY PROJECT NO. 103307); 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 increased estimated receipts and appropriations in the Transportation Impact Fee Capital Legacy Fund in the amount of $76,160.00, from available Interest Earnings within the Revenue — Service Area W — Transportation Impact Fees project (City Project No. UN9925), for the purpose of funding the Bryant Irvin Road at Oakmont Boulevard intersection improvement project (City Project No. 103307). 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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 WaCk (May 1, 2024 17:28 77 Assistant City Attorney ADOPTED AND EFFECTIVE: April 23, 2024 CITY SECRETARY q� ' Jannette S. Goodall �a4u City Secretary 4oSv X Q .b o000000000 �JJ# o0 0. ao 0 c F� 0 ° G ¢o CO1 ao � qQ n y Mayor & Council Map I CPN 103307 FORTWORTH, Bryant Irvin Rd & Oakmont Blvd Intersection Improvements Project, CD #3,6 Vicinity Map ,..1 A. �xe A*" AIR ' ��Pt` �wll f• + w 4 J as 4 V I AIMMONT 5= }A :A _ aayy �c. P. R- i�. a� w 3Y _ 0 737.5 275 Feet +� 1 1 Dataso�rce CFw GIS, Nearmaplta+p Penerated March 2024 I 3f 2 TpW Buslness 5uypwt ServkFS Y' '".�1 - (' c m,raawa cm,aro,r wem. u.�>u,v,.vrrwao>-:a.>arahoad N f ,: mdem+rww.rm.em,�r la be a.efas.aph�w.aa.enrd�o,rr rK a<a.xr ' 1 { 4 1 Lrerm be mrarvusa Bore A>aA�d b>e,eh.whsnr�wusw braxa Aer� � arzlervnrnl'�As,we-rnaftyor fw[v/wAauumammoanlhiNNMrhr 'acVd awtl tlem Z� � City of Fort: Worth, Texas Mayor and Council Communication DATE: 04/23/24 M&C FILE NUMBER: M&C 24-0332 1 LOG NAME: 20BRYANT IRVIN RD & OAKMONT BLVD TRANSPORTATION IMPACT FEES SUBJECT (CD 6) Adopt Appropriation Ordinances in the Collective Amount of $578,786.00 to Provide Additional Funding for the Bryant Irvin Road at Oakmont Boulevard Intersection Improvement Project 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 Capital Fund in the amount of $562,626.00 from available Transportation Impact Fees and Interest Earnings within the Revenue — Service Area W — Transportation Impact Fees project (City Project No. UN9925) for the purpose of funding the Bryant Irvin Road at Oakmont Boulevard Intersection Improvement project (City Project No. 103307); 2. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the Transportation Impact Fee Cap Legacy Fund in the amount of $76,160.00 from available Interest Earnings within the Revenue — Service Area W— Transportation Impact Fees project (City Project No. UN9925) for the purpose of funding the Bryant Irvin Road at Oakmont Boulevard Intersection Improvement project (City Project No. 103307); 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 funding to supplement existing funding forthe Bryant Irvin Road at Oakmont Boulevard Intersection Improvement project (City Project No. 103307). The scope of this project includes traffic signal rebuild, intersection improvements including construction of an additional westbound left turn lane, median modifications, accessible pedestrian signals (APS), and Americans with Disabilities Act (ADA) ramps at the intersection of Bryant Irvin Road and Oakmont Boulevard. With the increase in prices for construction materials, current market conditions, and supply chain issues, the construction cost has increased considerably from the planning estimate. The funding appropriated in this M&C will be used for the construction of the improvements at Bryant Irvin Road at Oakmont Boulevard to accommodate new development in the area. The following table summarizes the funding for the Bryant Irvin Road at Oakmont Boulevard project: Fund Existing Additional Project Total Funding Funding 34027-2022 Bond Program $1,700,000.00 $0.00 $1,700,000.00 30108-Transportation Impact Fee Cap $714,000.00 $502,626.00$1,216,626.00 39008-Trans Impact $0.00 $76,160.00 $76,160.00 Fee Cap Legacy Project Total $2,414,000.00 $578,786.00 $2,992,786.001 Funding for this project was not included in the Fiscal Years 2024-2028 Capital Improvement Program (CIP) because the project and funding sources were unknown at the time of its development. This action in this M&C will amend the Fiscal Years 2024-2028 Capital Improvement Program as approved in connection with Ordinance 26453-09-2023. Funding is budgeted in the Transportation Impact Fee Cap and the Trans Impact Fee Cap Legacy Funds for the purpose of funding the Bryant Irvin Rd at Oakmont BI project. This project is located in COUNCIL DISTRICT 6. A Form 1295 is not required because: This M&C does not request approval of a contract with a business entity. FISCAL INFORMATION 1 CERTIFICATION: The Director of Finance certifies that funds are currently available in the REVENUE — SA W— Trans Imp Fees project within the Transportation Impact Fee Cap Fund and the Trans Impact Fee Cap Legacy 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 and the Trans Impact Fee Cap Legacy Fund for the Bryant Irvin Rd at Oakmont BI project. Prior to any expenditure being incurred, the Transportation and Public Works Department has the responsibility to validate the availability of funds. Submitted for City Manager's Office by . .lesica McEachem 5804 Oriainatinq Business Unit Head: Lauren Prieur 6035 Additional Information Contact: Monty Hall 8662