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Home My WebLink AboutIR 7431 INFORMAL REPORT TO CITY COUNCIL MEMBERS No. 7431 V01?r To the Mayor and Members of the City Council December 5, 1989 X Subject: '411 PLANNING FOR THE NEXT CAPITAL IMPROVEMENT _PROGRAM Planning efforts for the next Capital Improvement Program ( CIP ) were initiated in October , 1988, when City departments were directed to begin the compilation of project needs. Many departments enlisted the assistance of citizen groups and advisory boards in the development and prioritizing of projects. The City Council first was the initial compilation of projects at the all-day budget workshop held June B. 1989. Following the development of project ideas, it was determined that citizen input concerning these ideas should be obtained through several evening meetings held across the city . Sixteen such meetings were held ( two in each Council District ) between October 12 and November 16, 1989. Additionally, a CIP presentation was broadcast live over the municipal access cable television channel and has since been replayed several times. The City staff currently is analyzing the comments and suggestions from these meetings. Selection of Bond Election Date It previously had been suggested to the City Council that the bond election be held on Saturday, May 5, 1990. For several reasons, it is now recommended that the bond election be delayed several months . First , the Tarrant County Crime Control and Prevention District has indicated a strong interest in May 5, 1990, as the date for the sales tax referendum . If the Crime District election is not held before June 30, 1990, sales tax collection could not begin any earlier than October 1 , 1991 . To conduct the bond election on the same date as the Crime District election might be confusing to voters and could prove damaging to both efforts. Second, delaying the bond election for several more months would allow the City to further assess the changing economic climate and to analyze carefully the next tax roll presented by the Tarrant Appraisal District for its impact on future tax rates. Third, one of the original timing factors influencing the suggestion of a May, 1990, bond election has been reconsidered. One of the most critical projects for inclusion in the next bond election is the proposed new interdepartmental communications systems. Because the Federal Communications Commission ( F .C .C . ) is reserving channel capacity for this new system, the City previously had agreed to commit funds to this project by June, 1990. It is now believed that the F.C.C. would grant the City an extension on the channel reservation as long as the City demonstrates a good faith effort to secure funding by early 1991 . ISSUED BY THE CITY MANAGER FORT WORTH, TEXAS INFORMAL REPORT TO CITY COUNCIL MEMBERS No. 7431. ............ 0- SORP To the Mayor and Members of the City Council December 5, 1989 . M Z js X Subject: PLANNING FOR THE NEXT CAPITAL IMPROVEMENT PROGRAM 1#13 For the reasons cited above, the suggestion to move the bond election date well beyond may , 1990. appears to be a Prudent one. The selection of an alternative date is, however . Problematic. September is undesirable given the distractions associated with the budget process. October and November are unsuitable in 1990 since Public attention will be diverted due to the state-wide elections to be held in early November . December and January are bad months for elections and Public information campaigns given the Christmas and New Year 's holidays. For planning purposes at this time, however . staff does recommend that Council allow us to begin to focus on early 1991 as the tentative time frame for the next bond election. Size of Bond Program Obviously the City Council will not be in a position to determine the size of the proposed new bond program until it has had an opportunity to review the suggested projects, study the citizen input , and consider all the relevant financial information. However , it would be extremely helpful to the staff if the Council in the next few months could establish funding parameters for the proposed bond program. Balancing the community 's capital needs against the City 's financial capacity and determining the size of the next bond program may be the most critical decision the Council will have to make during its term of office. Election Schedule Assuming an election date early in 1991 , it would be timely for the City Manager 's recommended bond program to be presented to Council at a workshop in October . 1990. The City Council would then be asked to approve a proposed bond program one month later at the workshop of November , 1990. In keeping with this schedule, the staff can utilize the winter and spring of 1990 studying citizen input , refining cost estimates, and revising project priorities. A tentative bond program could be developed by late spring for the Council 's review . it is recommended that one citizen meeting be conducted in each council district over the summer months to share with the public the nature and scope of the tentative bond program. Following these meetings the staff would be prepared to finalize the Manager 's recommended program. [ISSUED BY THE CITY MANAGER FORT WORTH, TEXAS INFORMAL REPORT TO CITY COUNCIL MEMBERS No. 43 3 To the Mayor and Members o December 5, 1989 f the City Council Subiect: PLANNING FOR THE NEXT CAPITAL IMPROVEMENT PROGRAM Should the Council have any questions concerning this report or desire any additional information , the staff will respond. 6 e-.-Vavid Ivory City Manager DAI :gb Attachments ISSUED BY THE CITY MANAGER FORT WORTH, TEXAS ATTACHMENT A CITIZEN ATTENDANCE AT PROPOSED BOND PROGRAM MEETINGS MEETING DATE CD# CITIZEN LOCATION NUMBER 1989 ATTENDANCE 1 10/12 7 9 Thomas Place Recreation Center 2 10116 5/8 53 Sycamore Recreation Center 3 10119 3 9 R.D. Evans Recreation Center 4 10123 418 27 Riverside Recreation Center 5 10/23 9 23 Fire Station Recreation Center 6 10130 6 4 Greenbriar Recreation Center 7 10130 7 42 Como Multi Purpose Center 8 11/02 4 41 Eastern Hills High School 9 11/02 9 24 Seminary South Library 10 11/06 2 40 Diamond Hill Library 11 11/06 3 15 Southwest Regional Library 12 11/09 6 27 Southwest Recreation Center 13 11/09 2 20 North Tri Ethnic Multi Purpose Ctr 14 11/13 8 19 Carter Park Elementary School 15 11/13 55 12 Martin Luther King Multi Purpose Ctr 16 11/16 CW 34 City Hall Total Attendance 400 The average attendance was twenty-five citizens per meeting. 4 F Attachment B GENERAL OBLIGATION BONDS PRINCIPAL RETIREKEMT OCR MLE (000'8) CALENDAR. CURRENT NEXT SALE TOTAL YEAR PRINCIPAL PRINCIPAL 1990 $ 25,737 $ 0 $ 25,737 1991 27,939 430 28,359 1992 29,238 430 29,558 1993 30,292 Soo 30,792 1994 30,242 Soo 30,742 1995 29,921 500 30,521 1995 29,950 500 30,550 1997 29,980 700 30,580 1998 29,114 700 29,814 1999 28,558 11000 29,558 2000 28,721 11000 29,721 2001 27,355 2,000 29,358 2002 25,145 2,000 28,145 2003 15,124 2,000 18,124 2004 12,253 2,000 14,253 2005 8,300 2,000 10,300 2005 8,400 2,000 10,400 2007 81505 3,000 11,805 2008 2,400 31000 5,400 2009 900 3,000 3,900 TOTAL $ 430,285 $ 27,450 $ 457,745 The currant principal is $430,285,055.59. If the requested bond sale of $27,450,000 is approved and sold in February, 1990; the total principal payments after the sale will be $457,745,055.59.