HomeMy WebLinkAboutResolution 6109-06-2025r
A Resolution
NC- U09-06-2[!25
STATEMENT EXPRESSING
OFFICIAL INTENT TO REIMBURSE
EXPENDITURES WITH PROCEEDS OF FUTURE DEBT FOR THE. EAGLE: MOUNTAIN
WATER TREATMENT PLANT 35 MC D EXPANSION AND PUMP STATION 2
WHEREAS, the City of Fort Worth, Texas (the "City") is a home -rule municipality-
and political subdivision of the State of Texas; and
WHEREAS, the City expects to pay expenditures in connection with the design,
planning, acquisition and construction for the Eagle Mountain Water Treatment Plant 35
MGD Expansion and Pump Station 2 Project (the "Project") prior to the issuance of
obligations by the City in connection with the financing of the Project from available funds;
and
WHEREAS, the City finds, considers, and declares that the reimbursement of the City
for the payment of such expenditures will be appropriate and consistent with the lawful
objectives of the City and, as such, chooses to declare its intention, in accordance with the
provisions of Section 1.150-2 of the Treasury Regulations, to reimburse itself for such
payments at such time as it issues obligations to finance the Project;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY C_'OUNCIL OF THE CITY
OF FORT WORTH, TEXAS, THAT:
Section 1. The City reasonably expects debt, as one or more series of obligations, may
be issued or incurred by the City with an aggregate maximum principal amount not to exceed
$210,000,000.00 for the purpose of paying the aggregate costs of the Project.
Section 2. All costs to be reimbursed pursuant hereto will be capital expenditures. No
obligations will be issued by the City in furtherance of this Statement after a date which is later
than 18 months after the later of (1) the date the expenditures are paid or (2) the date oil which
the property, with respect to which such expenditures were made, is placed in service.
Section 3. The foregoing notwithstanding, no obligation will be issued pursuant to this
Statement more than three years after the date any expenditure which is to be reimbursed is paid.
Adopted this 101h day of June 2025.
ATTEST:
By:------------------
Jannette S. Goodall, City Secretary
R ._
MIL
'02
Ty D
BOAT CLUB,■
00
per m
I I C o
IF 1M.-
AL Ilan
r
132a
JK- BE
k, W iL I, lft: mu
%mI ot b&
j
ism
-;06-
1 ok
1%6
lit 4 L Ihj,
rr� I;;- � 11 - , I W 4
119
Aw
JA
.14 SEW.
VAM
W L
JF
4011
t
I've.
tVIN �BROWNST
IS N T-
-Ttt, 77'
City of Fort Worth, Texas
Mayor and Council Communication
DATE; 06/10/25 M&C FILE NUMBER: M&C 25-0516
LOG NAME: 60EMOUNTAINWTPEXP-WE13BER
SUBJECT
{CD 7) Authorize Execution of a Contract with Webber Waterworks, LLC in the Amount of $294,624,103.86 for Eagle Mountain Water Treatment
Plant 35 Million Gallons Per Day Expansion Project, Adopt Resolution Expressing Official Intent to Reimburse Expenditures with Proceeds of
Future Debt, and Adopt Appropriation Ordinance to Effect a Portion of Water's Contribution to the Fiscal Years 2025-2029 Capital Improvement
Program
RECOMMENDATION:
It is recommended that the City Council:
1. Authorize execution of a contract with Webber Waterworks, LLC in the amount of $294,624,103.86 for the Eagle Mountain Water Treatment
Plant 35 Million Gallons Per Day Expansion project;
2. Adopt the attached Resolution expressing official intent to reimburse expenditures with proceeds from future debt for the Eagle Mountain
Water Treatment Plant 35 Million Gallons Per Day Expansion project; and
3. Adopt the attached Appropriation Ordinance adjusting appropriations in the Water and Sewer Commercial Paper Fund by increasing
appropriations in Eagle Mountain Water Treatment Plant 35 Million Gallons Per Day Expansion project (City Project No. 105176) in the
amount of $175,254,691.00 and decreasing appropriations in the Water & Sewer Commercial Paper project (City Project No. UCMLPR) by
the same amount, to effect a portion of Waters contribution to the Fiscal Years 2025-2029 Capital Improvement Program.
DISCUSSION:
This Mayor and Council Communication (M&C) is to authorize execution of a contract with Webber Waterworks, LLC. In the amount of
$294,624,103.86 for construction of the Eagle Mountain Water Treatment Plant 35 Million Gallon per day expansion, which will increase the
EMWTP capacity to 142 MGD.
The original Eagle Mountain Water Treatment Plant (EMWTP) 30 Million Gallons Per Day (MGD) plant was designed in the late 1980s and
completed in 1992. In 2001, the plant was expanded to 70 MGD,
From 2006 through 2008, the raw water delivery system from Eagle Mountain Lake to the EMWTP was expanded. Improvements consisted of a
new lake intake, a second raw water pump station, and a parallel 72" raw water pipeline. The raw water system was designed around a 200 MGD
ultimate capacity for the EMWTP, with the raw water pump station number two having the ability to be expanded by adding pump, motors,
switchgear, and pump piping. In 2008, the EMWTP plant was expanded to 107 MGD to meet the growing water demand of north Fort Worth and
our northern customer cities.
On October 16, 2024, Mayor & Council (M&C) 24-0872 appropriated $122,000,000.00 for the purpose of funding the Eagle Mountain Water
Treatment Plant — 35 MGD Expansion project, with all such amounts subject to reduction to conform to final figures reflected in band closing
documents. The actual amount received in the project was $121,585,219.48 after bond issuance cost.
Construction of the project was advertised for bid on February 5 and February 12, 2025 in the Fort Worth Star -Telegram. On May 1, 2025 the
following proposals were received. The proposals were evaluated based on pre -established criteria provided in the solicitation.
Bidder Bid Amount
Webber f$294,624,103.86
Waterworks fff
Thalle
Construction $292,377,000.00
Co. Inc
Experience
Cast
w/ Similar
Evaluation
(70)
Projects
(10)
69.5
9.4
Project
Approach
MWBE
and
Compliance Total
Schedule
(YIN)
(20)
19.2
Y 98.1
70 ;I 5.8 12
87.8
Webber Waterworks, LLC, submiffed the highest-ranking proposal based upon the identified pre -established criteria.
In addition to the contract cost, $1,184,622.00 is required for project management and inspection and $1,031,184.00 is provided for project
contingency.
This project will have no impact an the Water Department operating budget when complete.
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 band proceeds.
It is the practice of the Water Department to appropriate its Capital Improvement Program (CIP) plan throughout the Fiscal Year (FY), 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 Fart Worth's Fiscal Years 2025-2029 Capital Improvement
Program.
Funding is budgeted in the Commercial Paper Project within the W&S Commercial Paper Fund for the purpose of funding the Eagle Mountain
Water Treatment Plant 35MGD Expansion.
Funding for the Eagle Mountain Water Treatment Plant 35MGD Expansion and project is depicted below:
Existing Additional
Fund Project Total"
I Appropriations Appropriations
W&S Rev Bands
Series 2024 — $15,503.908.00
Fund 56022
W&S Rev Bonds
Series 2024C — $122,000,000.00
Fund 56025
W&S
C I
$0 0 $15,503,908.00i
$122,000,000.00
ommercra $0.00 $175,254,691.001$175,254,691.00
Paper -Fund
56026
Project Total $137,503,908.00$175,254,691.0011$312,758,599.00
"Numbers rounded for presentation purposes- $414,780.52 will be adjusted in separate M&C. Funds are $121,585,219.48.
Business Equity: The Business Equity Division placed a 10.20 percent business equity goal on this solicitation/contract. Webber, LLC, will be
exceeding the goal at 11.61 percent, meeting the City's Business Equity Or-dinance. Any changes in subcontractors will be reviewed by the
Business Equity Division.
The project is located in COUNCIL DISTRICT 7.
FISCAL_ INFORMATION 1 CERTIFICATION
The Director of Finance certifies that funds will be 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 EMWTP 35MGD EXP. AND P2 project to support the above recommendations and execution of the construction contract.
Prior to any expenditure being incurred, the Water Department has the responsibility to validate the availability of funds.
Subiridme i fnr Citv Mananer's Office bv: Jesica McEachem 5804
Oriainatina Business Unit Head: Chris Harder 5020
Additional Information Contact: James McDonald 4982
Expedited