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Home My WebLink AboutOrdinance 27212-10-2024Ordinance No. 27212-10-2024 AN ORDINANCE ADJUSTING APPROPRIATIONS IN THE WATER AND SEWER COMMERCIAL PAPER FUND, BY DECREASING APPROPRIATIONS IN THE W&S COMMERCIAL PAPER PROJECT (CITY PROJECT NO. UCMLPR) IN THE AMOUNT OF $5,990,228.00 AND INCREASING APPROPRIATIONS IN THE NORTHSIDE ELEVATED STORAGE TANK PROJECT (CITY PROJECT NO.104291) 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 the budget of the City of Fort Worth for Fiscal Year 2024-2025, as enacted by Ordinance 27107-09- 2024, as amended, is hereby further amended to make the following adjustments to appropriations in the Water and Sewer Commercial Paper Fund, by decreasing appropriations in the W&S Commercial Paper project (City Project No. UCMLPR) in the amount of $5,990,228.00 and increasing appropriations in the Northside Elevated Storage Tank project (City Project No. 104291) 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 ofcompetent 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 27107-09-2024 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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: no�gt35 o�aa (oa za, Zola az:ia cer� Douglas W. Black Senior Assistant City Attorney ADOPTED AND EFFECTIVE: October 15, 2024 CITY SECRETARY Jannette S. Goodall City Secretary �'a411t1h�� a� of°rr 04� O 0. o 0 MAYOR AND COUNCIL COMMUNICATION MAP 60NSIVEST-LANDMSI 1* ' --- E STATE HIGHWAY _114.__� == -�.—=- E STATE HIGHWAY 114Lu _ Ems. a a rr y PRIVATE ROAD 4907 I-+.0 - PRIVATE ROAD 4906 I I PRIVATE ROAD 4909 COUNTY ROAD 4840 ao - U) cn , G) 00 cn Lp ;. � cp o J1•. FORT WORT a PROPOSED NORTHSIDE IV ELEVATED STORAGE TANK City of Fort worth, Mayor and DATE: 10/15/24 Texas Council Communication �+IH►►al ��,L�i:��l►E•� 1►I�.�dI �r!I+7i�E.91 fi,E:+'t�;�l_�'1►U1s,1_=1�.:?��E:3�I±�ri:�:� SUBJECT (CD 10) Authorize Execution of a Contract with Landmark Structures I, LP in the Amount of $5,371,000.00 for Northside IV Elevated Storage Tank Project, Provide for Project Costs for a Project Total in the Amount of $5,990,228.00, Adopt Resolution Expressing Official Intent to Reimburse Expenditures with Proceeds of Future Debt, and Adopt Appropriation Ordinance to Effect a Portion of Water's Contribution to the Fiscal Years 2025-2029 Capital Improvement Program RECOMMENDATION: It is recommended that the City Council: 1. Authorize execution of a contract with Landmark Structures 1, LP in the amount of $5,371,000.00 for the Northside IV Elevated Storage Tank project; 2. Adopt the attached Resolution expressing official intent to reimburse expenditures with proceeds from future debt for the Northside IV Elevated Storage Tank project; and 3. Adopt the attached Appropriation Ordinance adjusting appropriations in the Water and Sewer Commercial Paper Fund by increasing appropriations in Northside Elevated Storage Tank project (City Project No. 104291) in the amount of $5,990,228.00 and decreasing appropriations in the W&S Commercial Paper project (City Project No. UCMLPR) by the same amount, to effect a portion of Water's contribution to the Fiscal Years 2025 2029 Capital Improvement Program. DISCUSSION: This project provides for the construction of an elevated water storage tank to provide capacity and delivery reliability to customers in the Northside IV Service area. Construction of the project was advertised for bid on July 18 and July 25, 2024 in the Fort Worth Star -Telegram. On August 15, 2024 the following bids were received: Bidder Total Alternate 1 Total Alternate 2 Contract Time Phoenix Fabricators & Erectors, LLC* $5,284,000.00 $5,418,000.00 Landmark Structures I, LP $5,286,000.00 $5,371,000.00 4801 Calendar Days *The bid submitted by Phoenix Fabricators & Erectors, LLC has been determined to be non -responsive due to failure to submit the required MNVBE documentation within the required time period after bid submittal. The project was advertised with two altemates with the City reserving the right to award contracts to the respective low bidder of either Total Alternate 1 or Total Altemate 2. Staff recommends the award of the combined project to Landmark Structures I, LP in the amount of $5,371,000.00. In addition to the contract cost, $404,388.00 is required for project management, material testing, inspection, and $214,840.00 is provided for project contingency. This project will have no impact on the Water Department operating budget when complete. Available cash within the Water and Sewer portfolio and the City's portfolio along with the appropriation authority authorized under 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 these expenses to be reimbursable. Adoption of the attached resolution does not obligate the City to sell bonds, but preserves the ability of the City to reimburse itself from tax-exempt bond proceeds. It is the practice of the Water Department to appropriate its Capital Improvement Program (CIP) plan throughout the Fiscal Year, 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 Department's portion of the City of Fort Worth's Fiscal Year 2025-2029 Capital Improvement Program. 60NSIVEST-LANDMSI Capital Fund Name Project[Appropriations Name FY2025 CIP Authority Budget Change (Increase/Decrease) Revised FY2025 Budget 56023- W&S Commercial $0.00 This M&C $5,990,228.00 $5,990,228.00 Paper Fund V Funding is budgeted in the Commercial Paper Project within the W&S Commercial Paper Fund for the purpose of funding the Northside IV Elevated Storage Tank project. Funding for the Northside IV Elevated Storage Tank project is depicted below: Fund Existing Appropriations 1 Additional Appropriations Project Total* Fund 56022- 1$680 Commercial Paper 876.00 $0.00 $680,876.00 W&S Commercial c $0.00[ $5,990,228.00 $5,990,228.Q0 Paper Fund 56023 Project Total J $680,876.00 $5,990,228.00 $6,671,104.00i *Numbers rounded for presentation purposes. Business Equity: The Business Equity Division placed a 6.65 percent business equity goal on this solicitation/contract. Landmark Structures I, LP., has agreed/committed to utilize 6.86 percent business equity subcontractor participation for the scope of work, meeting the City's Business Equity Ordinance. Any changes in subcontractors will be reviewed by the Business Equity Division. The project is located in COUNCIL DISTRICT 10. FISCAL INFORMATION I CERTIFICATION: The Director of Finance certifies that funds will be available in the Commercial Paper project within the W&S Commercial Paper Fund and upon approval of the above recommendations and adoption of the attached appropriation ordinance, funds will be available in the W&S Commercial Paper Fund for the Northside 1V EST project to support the above recommendations and execution of the construction contract. Prior to any expenditure being incurred, the Water Department has the responsibility to validate the availability of funds. ,ubmitted for City_Manager"s Office bye Fernando Costa 6122 Originating Business Unit Head:, Chris Harder 5020 Additional -Information Contact: Scott Taylor 7240