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HomeMy WebLinkAboutOrdinance 27557-03-2025Ordinance No. 27557-03-2025 AN ORDINANCE ADJUSTING APPROPRIATIONS IN THE WATER AND SEWER COMMERCIAL PAPER FUND BY DECREASING APPROPRIATIONS 1N THE W&S COMMERCIAL PAPER PROJECT (CITY PROJECT NO. UCMLPR) IN THE AMOUNT OF $244,272.00 AND INCREASING APPROPRIATIONS IN THE FORT WORTH CENTRAL CITY WATER AND SEWER RELOCATIONS PROJECT (CITY PROJECT NO. 104484) BY THE SAME AMOUNT; PROVIDING FOR A SEVERABMITY CLAUSE; MAKING THIS ORDINANCE CUMULATIVE OF PRIOR ORDINANCES; REPEALING ALL ORDINANCES IN 'CONFLICT HEREWITH; AND PROVIDING AN EFFECTIVE DATE. BE 1T 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 W&S Commercial Paper project (City Project No. UCMLPR) in the amount of $244,272.00 and increasing appropriations in the Fort Worth Central City Water and Sewer Relocations project (City Project No. 104484) by the same amount. SECTION 2. That should any portion, section or part of a section ofthis ordinance be declared invalid, inoperative or void for any reason by a court of competent j uris diction, such decision, opinion or j udgment 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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 (Apr 9, 2025 14:13 CDT) Douglas W. Black Senior Assistant City Attorney ADOPTED AND EFFECTIVE: March 25, 2025 CITY SECRETARY oa�'h .,lia-9...v Jannette S. Goodall City Secretary City of Fort Worth, Texas Mayor and Council Communication DATE: 03/25125 M&C FILE NUMBER: M&C 25-0268 LOG NAME: 60FWCCP14SSRCOI-SJLOUIS SUBJECT (CD 2) Authorize Execution of Change Order No. 1 in the Amount of $244,271.03 to a Contract with S.J. Louis Construc Fort Worth Central City Part 14- Channel Segment C, Sanitary Sewer Relocation, Adopt Resolution Expressing Official Reimburse Itself with Proceeds of Future Debt and/or Payments from the Tarrant Regional Water District for the Fort We Sewer Relocations Project, and Adopt Appropriation Ordinance to Effect a Portion of Water's Contribution to the Fiscal Improvement Program RECOMMENDATION: It is recommended that the City Council: 1. Authorize execution of Change Order No.1 in the amount of $244,271.03 to City Secretary No. 59847 a contract Construction of Texas, LTD for the Fort Worth Central City Part 14- Channel Segment C, Sanitary Sewer Relocat amount of $35,068,312.33; 2. Adopt the attached resolution expressing official intent to reimburse expenditures with proceeds from future debt from the Tarrant Regional Water District for the Fort Worth Central City Water and Sewer Relocations project; an( 3. Adopt the attached appropriation ordinance adjusting appropriations in the Water & Sewer Commercial Paper F appropriations in the Commercial Paper fund (City Project No. UCMLPR) in the amount of $244,272.00 and incr Fort Worth Central City Water and Sewer Relocations project (City Project No. 104484) by the same amount to e contribution to the Fiscal Years 2025-2029 Capital Improvement Program. DISCUSSION: On June 27th, 2023 by Mayor and Council Communication (M&C) 23-0542, the City Council authorized a construction Construction of Texas, LTD in the amount of $34,824,041.30 for Fort Worth Central City Part 14- Channel Segment C, Change Order No. 1 in the amount of $244,271.03 will provide for sanitary sewer main and manhole rim elevations 7+00 to accommodate future Channel grading by the United States Army Corps of Engineers. The proposed future advertising the project for bid. This project is anticipated to be repaid from a series of annual reimbursements from the Tarrant Regional Water Distr Worth Central City (FWCC) Water & Sewer Relocations project. In the event any bond -eligible costs are not fully reim costs would be anticipated to be included in a future revenue bond issue for the Water & Sewer Fund. Available cash portfolio and the City's portfolio along with the appropriation authority authorized under the Callable Commercial Papi to provide interim financing for this project until the debt is issued. Once payment is received from TRWD and/or debt unreimbursed portions of this project is sold, those funds will be used to reimburse the Water and Sewer portfolio and accordance with the attached reimbursement resolution. Under federal law, debt must be issued within approximately expenses to be reimbursable. Adoption of the attached resolution does not obligate the City to sell bonds but preserve reimburse itself from tax-exempt bond proceeds. ion of Texas, LTD, for the ntent for the City to rth Central City Water & Years 2025-2029 Capital h S.J. Louis for a revised contract d/or annual payments by decreasing ng appropriations in the I a portion of Water's with S.J. Louis Sewer. n stations 1+00 and were unknown prior to (TRWD) as part of the Fort used by TRWD, those thin the Water and Sewer Program (CP) will be used isociated with the to City's portfolio in ree years in order for these the ability of the City to It is the practice of the Water Department to appropriate its CIP plan throughout the Fiscal Year (FY), instead of within tie 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. Appropriations for the Fort Worth Central City Part 14- Channel Segment C, Sanitary Sewer in the FWCC Water and depicted below: Capital Budget Revised Fund Project FY2025 C1P Authority Change FY2025 Name Name Appropriations (Increase 1 Bud et g Decrease) 56023 - 104484 -- W&S FWCC Commercial Water & $0.00 This M&C $244,272.00 $244,272.00 Paper Sewer Relocations Relocations project is Funding for the Fort Worth Central City Part 14- Channel Segment C, Sanitary Sewer Relocations in the FWCC Water and Sewer Relocations Project is depicted below: Existing Additional Fund Appropriations Appropriations Project Total* W&S Commercial Paper - Fund $27,116,775.77 $244,272.00 $27,361,047.77 55023 W&S Capital Projects — Fund $11,895,620.23 $0.00 $11,895,620.23 56002 Project Total $39,012,396.0—O]l $244,272.00 $39,256,668.00J The sanitary sewer $244,271.03 amount of this Change Order is considered Trinity River Vision (TRV)-relocated wort funding from Tax Increment Reinvestment Zone No. 9 (TRVA TIF) pursuant to the TRVA Project Plan. Having met its $, the TRV Project, the City will be reimbursed the sanitary sewer amount of $244,271.03 by Tarrant Regional Water Dist completion, in accordance with provisions of the executed Intedocal Agreement between the City and the TRWD (City 43425 as amended). The TRV Program Manager in the FW Lab Department will be responsible for collecting the full i at the end of each Fiscal Year. rich are eligible for million commitment to (TRWD) upon ;retary Contract No. bursement from TRWD Business Equity — S.J. Louis Construction of Texas, LTD agrees to maintain its initial MMIBE commitment of 17 percent that it made on the original contract and extend and maintain that same MMBE commitment of 17 percent to this first change order. Therefore S.J. Louis Construction of Texas, LTD remains in compliance with the City's MIWBE Ordinance and attests to its commitment by sigriature on the Acceptance of Previous MNIBE Commitment form executed by an authorized representative of its company. This project is located in COUNCIL DISTRICT 2. FISCAL. INFORMATION 1 CERTIFICATION: The Director of Finance certifies that funds are currently available in the Commercial Paper project within the W&S Cc upon approval of the above recommendations and adoption of the attached appropriation ordinance, funds will be aw Commercial Paper Fund for the FWCC Water & Sewer Relocations project to support the approval of the above recoi of the change order. Prior to any expenditure being incurred, the Water Department has the responsibility to validate It Submitted for City Manager's Office by. Jesica McEachem 5804 Originating Business Unit Head: Chris Harder 5020 Additional Information Contact: Liam Conlon 6824 imercial Paper Fund and able in the W&S mendations and execution availability of funds.