HomeMy WebLinkAboutOrdinance 27620-05-2025Ordinance No. 27620-05-2025
AN ORDINANCE ADJUSTING APPROPRIATIONS IN THE 2022 BOND
PROGRAM FUND, BY (1) INCREASING, APPROPRIATIONS 1N THE
AVONDALE HASLET ROAD PROJECT (CITY PROJECT NO. 1.01014) IN THE
AMOUNT OF $9,202,128.54; AND (II) INCREASING APPROPRIATIONS IN
THE EVERMAN PARKWAY (ROSEDALE SPRINGS) PROJECT (CITY
PROJECT NO. 103271) IN THE AMOUNT OF $7,583,123.46; AND (11I)
INCREASING: APPROPRIATIONS IN THE KELLER HICKS ROAD
PROJECT (CITY PROJECT NO. 103276) IN THE AM01)NT OF S1,500,000.00, AND
DECREASING APPROPRIATIONS IN CERTAIN IDENTIFIED PROJECTS
(CITY PROJECT NOS. 103272, 103278, 103281, 103299, 103300, 104153, 104154) BY
THE SAME CUMULATIVE AMOUNT OF $18,285,252.00 WITH NO NET
CHANGE TO THE TOTAL .APPROPRIATION IN THE FUND; PROVIDING FOR
A SEVERABILITY CLAUSE; MAKING THIS ORDINANCE CUMULATIVE OF
PRIOR ORDINANCES; REPEALING ALL ORDINANCES IN CONFLICT
IIER.F.WITH; 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 27107-09-
2024, as amended, is hereby further amended to make; the following adjustments to appropriations in the
2022 Bond Prograrn Fund, by (i) increasingappropriations in the Avondale Haslet Road Project(City Project
No. 10 10 14) in the amount of $9,202,128.54; and (ii) increasing appropriations in the )overman Parkway
(Rosedale Springs) Project (City Project No. 103271) in the amount of $7,583,123.46; and (iii) increasing
appropriations in the Keller Hicks Road Project (City Project No. 103276) in the amount of$1,500,000.00,
and decreasing appropriations in Certain Identified Projects (City Project Nos. 103272, 103278, 103281,
103299, 103300, 104153, 104154) by the same cumulative amount of $18,285,252.00 with no net change to
the total appropriation in the Fund.
Project It = Description
10 10 14 - Avondale Haslet Road Project
- - 103271 = Eyerman Parkway Project
103276 - Keller Hicks Road Project
103272 - Meacham Boulevard Phase 2 Project
103278 - Bonds Ranch Road Project
- 103281 - Park Vista Boulevard Project
103299 - WJ Boaz Road West Half Road Project
03300 -Heritage Trace Parkway 1 Project
104153 - Bailey Boswell West Project
— 104154 - Wagley Robertson Road Project = -
ppropriation Adjustments
SECTION 2.
Appropriation
Increase/Decrease
$9,202,128.54
$7,583,123.46
$1,500,000.00
$(628,053.00)
$(500,000.00)
$(1,634,793.00)
$(9,783,495.00)
$(2,357,370.00)
$(1,390,861.00)
$(1,990,680.00)
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 j urisdiction, such decision, opinion or j udginent 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 E:F1~ECTIVE: May 13, 2025
CITY SECRETARY
Jannette S. Goodall
City Secretary
City of Fort Worth, Texas
Mayor and Council Communication
DATE: 05/13/25 M&C FILE NUMBER: M&C 25-0424
LOG NAME: 202022 BOND FUNDING SHUFFLE
SUBJECT
(CD 2, CD 7, CD 8, and CD 10) Adopt Appropriation Ordinance Adjusting Appropriations in a Cumulative Amount of $18,285,252.00 from Seven
Identified Projects to Provide Additional Funding for Three High -Priority Transportation Projects and Amend the Fiscal Years 2025-2029 Capital
Improvement Program (2022 Bond Program)
RECOMMENDATION:
It is recommended that the City Council:
Adopt the attached appropriation ordinance adjusting appropriations in the 2022 Bond Program Fund by (i) increasing appropriations in the
Avondale Haslet Road project (City Project No. 101014) in the amount of $9,202,128.54; and (ii) increasing appropriations in the Everman
Parkway {Rosedale Springs) project (City Project No. 103271) in the amount of $7,583,123.46; and (iii) increasing appropriations in the
Keller Hicks Road project (City Project No. 103276) in the amount of $1,500,000.00 and decreasing appropriations in certain identified
projects {City Project Nos. 103272, 103278, 103281, 103299, 103300, 104153, 104154) by the same cumulative amount of
$18,285,252.00 with no net change to the total appropriation in the Fund, and
Amend the Fiscal Years 2025-2029 Capital Improvement Program.
DISCUSSION:
City staff has identified funding shortfalls in multiple 2022 Bond Program capital projects due to escalated construction costs and higher than
anticipated inflation rates. As outlined at the April 1 City Council Work Session, in order to maintain project timelines and delivery, staff
recommends a number of steps to address these shortfalls, including reallocating ("shuffling") appropriations within the 2022 Bond Program and
issuing tax notes.
The actions within this Mayor and Council Communication (M&C) reallocate existing appropriations within the 2022 Bond Program to provide
immediate funding for three arterial projects scheduled to go to construction in the current fiscal year, including the (i) Avondale Haslet Road
project (City Project No. 101014), (0) the Everman Parkway (Rosedale Springs) project (City Project No. 103271), and (lii) the Keller Hicks Road
project (City Project No. 103276), This M&C also serves to reiterate to the public the intent to pursue tax notes for the purpose of financing the
remaining capital project shortfalls related to (i) the WJ Boaz Road West Half project (City Project No. 103299) and (6) the 2022 Neighborhood
Streets Program. Formal authorizing actions for the tax note issuance and related appropriations will be brought forward for Council approval via
separate M&C.
ShufLna of 2022 Bond Funds
Employing conservative budget estimating, City staff has identified projected surplus in five arterial projects in the 2022 Bond Fund totaling
$6,144,387,00. Additionally, staff have identified two projects that can be borrowed from temporarily, as construction is not anticipated until 2026
or later. Staff recommends a total of $12.140,865.00 be borrowed from the Heritage Trace Parkway 1 project (City Project No. 103300) and WJ
Boaz Road West Half project (City Project No. 103299). These projects are not scheduled for construction until 2026 and 2027, respectively. While
the WJ Boaz Road West Half project (City Project No. 103299) was scheduled to start construction in 2026, construction is being deferred to early
2027 to minimize construction impact an traffic; as two other main arterials serving the same area in the northwest part of the City will also be
under construction in 2026. Sufficient funds are being kept in the two projects to allow the design phase to continue and avoid impacting their
current schedules.
Tax Note Issuance
Additional funding will be necessary to fully deliver on these borrowed projects and the remaining capital project shortfall. The Transportation and
Public Works Department has requested funds in the proposed 2026 Bond Program to replenish the funds being borrowed from the
Heritage Trace Parkway 1 project {City Project No. 103300). Additionally, City staff is recommending including an additional $45 million to the
2025 tax note issue currently scheduled for Council review and approval on May 13, 2025 to fully fund the balance of the WJ Boaz Road West Half
project (City Project No. 103299) and the 2022 Neighborhood Streets Program. Corresponding actions and appropriations related to this purpose
will be included in the subsequent M&C.
Once funds are reallocated and additional proceeds from the tax notes are received, the overall shortfall across 4 Arterial projects will decrease
from $25.4 million to slightly over $7.1 million in two projects: Avondale Haslet Road (City Project No. 101014) and Bailey Boswell East (City
Project No. 104152). Once the construction phase is reached, alternative funding will be identified when the funds are needed.
Adjustments to appropriations for the transportation projects are as depicted below:
N city Q
Project Project Name' Limits Existing Finding Additional Fundingi Totals
No. {
Avondale Willow Creek Drive to the
101014 Haslet Road eastern city limit line with $54,628.346.00 $9,202,128.54 $63,830,474.54
Haslet (John Day Road)
103271 1
Everman
Parkway Rosedale Springs Lane to
(Rosedale Cameron Hill Point $42,416,876,54 $7,583,123,46 $50,000,000.00
Springs)
Meacham
103272 Boulevard FM156 to iH-35W $3,768,000,00 {$628,053.00) $3,139,947.00
i Phase 2
103276 Keller Hicks
Park Vista Blvd to Lauren
$1,500,000.00 $12,637,250.00
Rd
VI$11,137,250
103278
Bonds Ranch
US Hwy 287 SB SR to
$36,907,000.00
($500,000.00) $36,407,000.00
Road
Wagley Robertson Road
103281 park Vista
Keller Haslet Road to $7,540,000,00
($1,634,793.00) $5,905,207.00
Boulevard
Timberland Boulevard
WJ Boaz Boat Club Road to Elkins
103299 Road West School Road $31,200,000,00 ($9,783,495.00) $21,416,505.00
Half Road*
1.
Heritage Trace Old Decatur Road to
103300 Parkway 1* Wagley Robertson Road $9,000,000,00 ($2,357,370.00) $6,642,630,00
�BaileyBoswell 104153 est Boat Club to Wind River $30,390,861.00 ($1,390,861.00) ' $29,000,000.00
Wagley
104154 Robertson Quicksilver Court to
Road
Coneflower Trail $27,990,680.00 ($1,990,680.00) $26,000,000.00
I I
Totals $254,979,013.54 $0.00 $254,979,013.54
I
*Projects being 'borrowed' from; to be fully funded through alternate means. Non -asterisked reductions reflect surplus in projects using
conservative estimates.
Funding associated with this recommended transaction was not included in the Fiscal Years 2025-2029 Capital Improvement Program (CIP)
because the strategy had not been recommended by staff at the time of the C I P development. The action in this I will amend the Fiscal Years
2025-2029 Capital Improvement Program as approved in connection with Ordinance 27107-09-2024.
These projects are located In COUNCIL DISTRICTS 2, 7, 8, and 10.
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 the various capital projects within the 2022 Bond Program Fund and upon
approval of the above recommendations and adoption of the attached appropriation ordinance, funds will be available in the 2022 Bond Program
Fund for the Avondale Haslet Road, Everman Pkwy (Rosedale Springs and Keller Hicks Road projects. Prior to an expenditure being incurred,
the Transportation and Public Works Department has the responsibility of verifying the availability of funds
Submittedfor Citv Manaaer's Office bw Jesica McEachern 5804
Oriainatina Business [Unit Head: Lauren Prieur 6035
Additional Information Contact: Monty Hall 8662