HomeMy WebLinkAboutIR 7614 INFORMAL REPORT TO CITY COUNCIL MEMBERS No. 7614
at a�rr,� To the Mayor and Members of the City Council June 9, 1992
u i
xr`'. Subject. PRELIMINARY 1993-1996 CAPITAL IMPROVEMENT PROGRAM
On May 19, 1992 the City Council authorized staff to proceed with the
planning process necessary to hold a bond election on January 16,
1993. The City Manager and the Transportation and Public Works
Department have held several meetings to prepare a tentative schedule
and recommended allocation of funds. Transportation and Public Works
conducted a needs assessment of Fort Worth for the next four years and
prepared a tentative allocation of funds. The City Manager reviewed
the information and directed staff to prepare a tentative schedule
for the referendum and other information for City Council.
The following attachments to this report are provided for City Council
consideration:
1) Capital Improvement Program and Bond Referendum Tentative
Schedule.
2) 1993 Capital Improvement Program Tentative Allocation of
Funds.
3) TexDOT Projects To Be Funded In 1993 CIP
4) Bond Sale Schedule
It is recommended that the City Council endorse the schedule and
process outlined in this report and that we begin to conduct public
meetings in the immediate future. The staff will endeavor to keep all
Councilmembers fully aware of the status of this important program as
we progress through the schedule. Staff will return to Council with a
recommended meeting schedule of Council District meetings.
50JL,-
Bob Terrell
Acting City Manager
Attachments
ISSUED BY THE CITY MANAGER FORT WORTH, TEXAS-----
t Attachment 1
CAPITAL IMPROVEMENTS PROGRAM AND BOND REFERENDUM
TENTATIVE SCHEDULE
1. City Council Authorizes Staff to Proceed May 19, 1992
2. City Council Approves Tentative Schedule June 9, 1992
and Tentative Allocation of Funds by Category
3. Meetings with ACT, NAC, Neighborhood Groups, June & July
Citizen Groups, and Individual Citizens to
Receive Suggestions on Project Selection
4. Staff Consolidates Suggestions, Investigates Aug. & Sept.
Potential Projects, Prepare Cost Estimates,
Prepare Suggested Bond Program
5. Suggested Program Submitted to City Council Oct. 6, 1992
6. City Council Adopts the Proposed Capital Oct. 20, 1992
Improvement Program and Approves the
Ordinance Calling and Defining the Referendum
7. Private Sector Campaign Leaders are Selected October, 1992
S. Election Plans Submitted to U.S. Justice Dept. November, 1992
9. Meetings as Necessary and Desirable to Explain Nov. , Dec. & Jan
the Proposed Capital Improvement Program
and Referendum
10. Bond Election January 16, 1992
Attachment 2
1993 CAPITAL IMPROVEMENT PROGRAM
TENTATIVE ALLOCATION OF FUNDS
1. STREETS $34,000,000
2. STORM DRAINAGE $70,000,000
3. MISCELLANEOUS ROW & STREET IMPROVEMENTS $1,500,000
4. TexDOT MATCHING FUNDS (PASS PROJECTS, ETC. ) $905001000
5. TRAFFIC SIGNALS & STREET LIGHTS $3, 000,000
6. DRIVES, PARKING AND DRAINAGE IN PARKS $1, 000,000
7. PROJECTS IN NEWLY DEVELOPING AREAS $4,0000000
'` TOTAL $60, 0000000
NOTE: Engineering design, surveying, inspection, testing and
administration is included in projects as required.
Attachment 3
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Attachment 4
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BOND SALE SCHEDULE
YEAR 'PRIOR BONDS 1993 BOND TOTAL
1992-93 $14,0000000 $14,000,000
1993-94 $3,140,000 $10,250,000 $13, 190,000
1994-95 $20,0001000 $20, 000,000
1995-96 $20,000,000 $20,000, 000
1996-97 $9,7500000 $9,750,000
TOTALS $17, 140,000 $60,000,000 $7701400000