HomeMy WebLinkAboutOrdinance 27512-03-2025Ordinance No. 27512-03-2025
AN ORDINANCE ADJUSTING APPROPRIATIONS IN THE 2014 BOND
PROGRAM, BY INCREASING ESTIMATED RECEIPTS AND
APPROPRIATIONS IN THE FAR NORTHWEST LIBRARY (CITY PROJECT NO.
103980) IN THE AMOUNT OF $192,242.98 AND DECREASING
APPROPRIATIONS IN THE EASTSIDE LIBRARY PROJECT (CITY PROJECT
NO. CO2499) 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 27I 07-09-
2024, as amended, is hereby further amended to make the following adjustments to appropriations in the 20I4
Bond Program, by increasing estimated receipts and appropriations in the Far Northwest Library (City Project
No.103980) in the amount of $192,242.98 and decreasing appropriations in the Eastside Library Project (City
Project No. CO2499) 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 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 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said prior ordinances and appropriations are hereby expressly repealed.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:
Assistant City Attorney
ADOPTED AND EFFECTIVE: March 11, 2025
CITY SECRETARY
Janette S. GoodalI
City Secretary
City of Fort Worth,
Mayor and
Texas
Council Communication
DATE: 03/11/25 M&C FILE NUMBER: M&C 25-0188
LOG NAME: 84APPROPRIATE LIBRARY PROJECT RESIDUAL TO FAR NW LIBRARY
SUBJECT
(CD 10) Adopt Appropriation Ordinances Adjusting Appropriations from Various Completed Library Projects to the Far Northwest Library Project
in the Cumulative Amount of $1,605,350,23 and Amend the Fiscal Years 2025-2029 Capital Improvement Program (2022 Bond Program)
RECOMMENDATION:
It is recommended that the City Council:
1. Adopt the attached appropriation ordinance adjusting estimated receipts and appropriations in the General Capital Projects Fund by
increasing estimated receipts and appropriations in the amount of $816,822.06 for the Far Northwest Library project (City Project No.
103980) and decreasing estimated receipts and appropriations in the Golden Triangle Branch Library project (City Project No. CO2500) by
the same amount;
2. Adopt the attached appropriation ordinance adjusting appropriations in the 2014 Bond Program Fund by increasing appropriations in the
amount of $192,242.98 forthe Far Northwest Library project (City Project No. 103980) and decreasing appropriations in the Eastside
Library project (City Project No. CO2499), now named the Reby Cary Youth Library, by the same amount;
3. Adopt the attached appropriation ordinance adjusting estimated receipts and appropriations in the General Capital Projects Fund by
increasing estimated receipts and appropriations in the amount of $336,070.56 for the Far Northwest Library project (City Project No.
103980) and decreasing estimated receipts and appropriations in the Eastside Library project (City Project No. CO2499), now named the
Reby Cary Youth Library, by the same amount;
4. Adopt the attached appropriation ordinance adjusting appropriations in the 2018 Bond Program Fund by increasing appropriations in the
amount of $260,214.63 for the Far Northwest Library project (City Project No. 103980) and decreasing appropriations in the Far Southwest
Library project (City Project No. 101658), now named the Vivian J. Lincoln Branch Library, by the same amount; and
5. Amend the Fiscal Years 2025-2029 Capital Improvement Program.
DISCUSSION:
It is anticipated that the Far Northwest Library project will have a funding shortfall. Construction has been completed for three Library bond projects,
all of which have residuals that can be reallocated to cover the Far Northwest Library project shortfall.
This Mayor and Council Communication (M&C) is to adjust appropriations from the completed library projects (City Project Nos. CO2500, CO2499
and 101658) to the Far Northwest Library project (City Project No. 103980) to offset the anticipated funding shortfall. The total funding to be
reappropriated between the projects is $1,605,350.23. By approving this M&C Council is finding that this project falls within the stated purpose of
the previous bonds.
The table below shows the available residual funding in the completed Library Bond Projects:
Fund
Project
Funding
Allocated
Funding Spent
Funding
Remaining
30100 - General
Capital Projects
Fund
34014 - 2014 Bond
Program Fund
CO2500-
Golden Triangle
Branch Library
CO2499-
Eastside
Library
$ 842,000.00
$ 3,252,000.00
$ 25,177.94
$ 3,059,757.02
$ 816,822.06
$ 192,242.98
30100 - General I
Capital Projects
Fund
CO2499 -
Eastside
Library
$ 845,725.31
$ 509,654.75
$ 336,070.56
34018 - 2018 Bond
Program Fund
101658- ar
Southwest
Library
$ 9,675,000.00
$ 9,414,785.37
$ 260,214.63
$ 14,614,725.3.1 1I $13,009,375.0811 $ 1
Funding for the Far Northwest Library project (City Project No. 103980) are as follows:
Fund
Existing
Additional
Total
Appropriations
Appropriations
Appropriations
30100 - General
$2,000,000.00
$1,152,892.62
$3,152,892.62
Capital Projects Fund
34027-2022 Bond
$12,260,000.00
$0.00
$12,260,000.00
Program Fund
34014 - 2014 Bond
$0.00
$192,242.98
$192,242.98
Program Fund
34018 - 2018 Bond
Program Fund
$0.00
$260,214.63
$260,214.63
Total77
11 $14,260,000. 01
$1,605,350.23
$15,866,350.23
This project is included in the 2022 Bond Program. The City's Extendable Commercial Paper (ECP) (M&C 22-0607; Ordinance 25675-08-2022)
provides liquidity to support the appropriation. Available resources will be used to actually make any interim progress payments until debt is
issued. Once debt associated with a project is sold, debt proceeds will reimburse the interim financing source in accordance with the statement
expressing official Intent to Reimburse that was adopted as part'of the ordinance canvassing the bond election (Ordinance 25515-05 2022).
Funding for this project was not included in the FY2025-2029 Capital Improvement Program.The action in this M&C will amend the Fiscal Years
2025-2029 Capital Improvement Program.
This project is located in COUNCIL DISTRICT 10.
A Form 1295 is not required because: This M&C does not request approval of a contract with a business entity.
FISCAL INFORMATION I CERTIFICATION:
The Director of Finance certifies that funds are currently available in the Golden Triangle Branch Library and Eastside Library projects -
within the General Capital Projects Fund, the Eastside Library project within the 2014 Bond Program Fund and the Far Southwest Library project
within the 2018 Bond Program Fund and upon approval of the above recommendations and adoption of the attached appropriation ordinances,
funds will be available in the 2014 Bond Program, 2018 Bond Program and General Capital Projects Funds for the Far NW Library project. Prior
to any expenditure being incurred, the Library Department has the responsibility to validate the availability of funds.
Submitted for City Manager's office-b. Jesica L. McEachem 5804
Ortainatina Business Unit Head: Midori Clark 7707
Additional Information Contact: