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HomeMy WebLinkAboutOrdinance 27284-11-2024Ordinance No. 27284-11-2024 AN ORDINANCE ADJUSTING APPROPRIATIONS IN THE WATER AND SEWER COMMERCIAL PAPER FUND BY DECREASING APPROPRIATIONS IN THE COMMERCIAL PAPER PROJECT (CITY PROJECT NO. UCMLPR) IN THE AMOUNT OF $809,721.00 AND INCREASING APPROPRIATIONS IN THE NEW SENDERA RANCH GROUND STORAGE TANK PROJECT (CITY PROJECT NO. 105781) 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 Commercial Paper project (City Project No. UCMLPR) in the amount of $809,721.00 and increasing appropriations in the New Sendera Ranch Ground Storage Tank project (City Project No. 105781) 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 competentj urisdiction, 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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: Douglas Black (Nov 25. 2024 22:09 CST) Douglas W. Black Senior Assistant City Attorney ADOPTED AND EFFECTIVE: November 12, 2024 CITY SECRETARY Jannette S. Goodall City Secretary a44�� OR T �nja� O 00pOQ400.4 M 47 O 0 ,{ 0 0 . Y 0 O F' C 0 00 0� 00000000 as rExA r At1no�� MAYOR AND COUNCIL COMMUNICATION 60SEN DERAGST-KHA - ` I I EXISTING SENDERA RANCH GROUND STORANGE TANK PROPOSED NEW SENDERA RANCH GROUND STORANGE TANK AVONDALFrA SL ET PD - - _ `I I 11130A7IF?.E) 4 ORT WORTH 4Jt,l6 m City of Fort Worth, Mayor and DATE: 11/12124 Texas Council Communication LOG NAME: 60SENDRARGST-KHA M&C FILE NUMBER: M&C 24-0998 SUBJECT (CD 10) Authorize Execution of an Engineering Agreement with Kmley-Horn and Associates, Inc. in the Amount of $679,146.00 for the New Sendera Ranch Ground Storage Tank Project, Adopt Resolution Expressing Official Intent to Reimburse Expenditures from Proceeds of Future Debt Project and Adopt Appropriation Ordinance to Effect a Portion of Water's Contribution to Fiscal Years 2025-2029 Capital Improvement Program RECOMME D TION• It is recommended that the City Council: 1. Authorize execution of an engineering agreement with Kimley-Hom and Associates, Inc. in the amount of $679,146.00 for New Sendera Ranch Ground Storage Tank project; 2. Adopt the attached resolution expressing Official Intent to Reimburse expenditures with proceeds of future enterprise fund debt for the New Sendera Ranch Ground Storage Tank project; and 3. Adopt the attached appropriation ordinance adjusting appropriations in the Water & Sewer Commercial Paper Fund by increasing appropriations in the New Sendera Ranch Ground Storage Tank project (City Project No.105781) in the amount of $809,721.00 and decreasing appropriations in the 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 Mayorand Council Communication (M&C) is to authorize a contract with Kimley-Horn and Associates, Inc. in the amount of $679,146.00 for the preparation of plans and specifications for New Sendera Ranch Ground Storage Tank to allow for construction of a five -million gallon ground storage water tank to meet increasing demands in North Fort Worth. In addition to the contract amount, $130,575.00 is required for project management, real property acquisitions, utility coordination, and material testing. This project will have no impact on the Water Departments operating budget when completed. 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 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 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's portion of the City of Fort Worth's Fiscal Years 2025-2029 Capital Improvement Program, as follows: 60SENDERARGST-KHA Capital Fund Name Project Name FY2025 CIP Appropriations Authority Budget Change (Increase/Decrease) Revised FY2025 Budget Fund 56023 105781-New - W&S Commercial Sendera Ranch $0.00 This M&C $809,721.00 $809,721.00 Paper GST Funding is budgeted in the Commercial Paper project within the W&S Commercial Paper Fund forthe purpose of funding the New Sendera. Ranch Ground Storage Tank project. i Funding for the New Sendera Ranch Ground Storage Tank project depicted below: Fund Existing Additional Project Appropriations Appropriations Total* Fund 56023 - W&S Commercial $0.00 $809,721.00 $809,721.00 Paper Project Total $0.00 $809,721.00 $809,721.00 *Numbers rounded for presentation purposes. BUSINESS EQUITY OFFICE: The Business Equity Division placed a 12.64 percent business equity goal on this solicitation/ contract. Kimley- Horn and Associates, Inc., will be exceeding the goal at 16,87 percent, 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 / CERTIFICATION: The Director of Finance certifies that funds are 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 New Sendera Ranch GST project to support the above recommendations and execution of the agreement. Prior to any expenditure being incurred, the Water Department has the responsibility to validate the availability of funds. Submitted for City Manager's Office w. William Johnson 5806 Originating Buslness Unit Head: Chris Harder 5020 Additional Information Contact: Dena Johnson 7866