HomeMy WebLinkAboutOrdinance 27203-10-2024Ordinance NO.27203-10-2024
AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND
APPROPRIATIONS IN THE CAPITAL PROJECTS SERVICE FUND, IN THE
AMOUNT OF $2,500,000.00, FROM AVAILABLE NET POSITION, FOR THE
PURPOSE OF TRANSFERRING TO THE CAPITAL PROJECT SERVICES
CAPITAL FUND FOR THE 2026 BOND DEVELOPMENT PROJECT (CITY
PROJECT NO. 105759); 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 Capital
Projects Service Fund in the amount of $2,500,000.00, from available net position, for the purpose of
transferring to the Capital Project Services Capital Fund for the 2026 Bond Development Project (City Project
No. 105759).
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said prior ordinances and appropriations are hereby expressly repealed.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 61ack (Oct 28, 202411;43 CDT)
Assistant City Attorney
ADOPTED AND EFFECTIVE: October 15, 2024
CITY SECRETARY
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Jannette S. Goodall
City Secretary
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City of Fort Worth, Texas
Mayor and Council Communication
DATE: 10/15/24 M&C FILE NUMBER: M&C 24-0917
LOG NAME: 202026 BOND DEVELOPMENT
SUBJECT
(ALL) Adopt Appropriation Ordinances Allocating $2,500,000.00 from Capital Project Services Fund Available Net Position for the Purpose of
Funding the 2026 Bond Development Project; and Amend the Fiscal Year 2024 Adopted Budget and 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 Capital Projects Service Fund in the
amount of $2,500,000.00, from available net position, for the purpose of transferring to the Capital Project Services Capital Fund for the
2026 Bond Development project (City Project No. 105759);
2. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the Capital Project Services Capital Fund
in the amount of $2,500,000.00, transferred from the Capital Projects Service Fund, for the purpose of funding the 2026 Bond Development
project (City Project No. 105759); and
3. Amend the Fiscal Year 2024 Adopted Budget and Fiscal Years 2024-2028 Capital Improvement Program.
DISCUSSION:
The purpose of this Mayor and Council Communication (M&C) is to take actions to leverage excess net position in the Capital Projects Service
Fund in the amount of $2,500,000.00 to begin work efforts related to the 2026 Bond Development for the Streets and Mobility proposition. These
funds will be used for consultant assistance to develop risk and scope assessments for major roadway bond project candidates to provide an
increased level of confidence in project descriptions, costs, schedule, activities, and public support. The assessments will then inform a "short-list"
of ranked roadway projects that will be included on the ballot for the 2026 Bond. Projects on the "short-list" will be further pre-engineered to provide
clear scopes, alignments, vertical/horizontal profiles, utility assessments, right-of-way needs, and other readiness factors to reduce delay and more
swiftly advance projects into full design and construction. This work will also prepare candidate projects for federal funding competitions and other
partner funding leverage opportunities.
Funding for this project was not included in the Fiscal Year 2024-2028 Capital Improvement Program due to recent decisions to leverage this
excess net position for this purpose. The action in the M&C will amend the Fiscal Year 2024-2028 Capital Improvement Program as approved in
connection with Ordinance 26453-09 2023.
Funding is available for appropriations in the net position of the Capital Projects Service Fund. The beginning net position balance is
$6,173,087.59 and after appropriation the new net position balance will be $3,673,087.59.
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 net position within the Capital Projects Service Fund and upon approval of the
above recommendations and adoption of the attached appropriation ordinances, funds will be available in the Capital Project Srvc - Capital Fund
for the 2026 Bond Development project to support the approval of the above recommendations. Prior to an expenditure being incurred, the
Transportation and Public Works Department has the responsibility of verifying the availability of funds.
Submitted for City -Manager's Office by_ Jesica McEachem 5804
Originating Business Unit Head: Lauren Prieur 6035
Additional Information Contact: Monty Hall 8662
Kelly Porter 7259