HomeMy WebLinkAboutOrdinance 27636-05-2025Ordinance No. 27636-05-20255
AN ORDINANCE ADJUSTING. 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
S12,769,462.00 AND INCREASING APPROPRIATIONS IN THE NEW SENDERA
RANCH GROUND STORAGE TANK PROJECT (CITY PROJECT NO. 105781)
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.
I3F 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 ❑rdinance. 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$ 12,769,462.00 and increasing appropriations in the New
Sendera Ranch Ground Storage Tank project (City Project No. 105781) by the same amount.
SECTION 2,
That should any portion, section or part of section of this ordinance be declared invalid, inoperative or void
for any reason by a court of competent jurisdiction, such decision, opinion orj udgment shall in no way impair
the remaini ng 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 27I07-09-2024 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said prior ordinances and appropriations are hereby expressly repealed.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 (.Jun 9. 20?9 1.5.59 C:DTI
Douglas W. Slack
Senior Assistant City Attorney
ADOPTED AND EFFECTIVE: May 13, 2025
CITY SECRETARY
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Jannette S. Goodall
City Secretary
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City of Fort Worth, Texas
Mayor and Council Communication
DATE: 05/13/25 M&C FILE NUMBER: M&C 25-0404
LOG NAME: 60SENDERARGST-PRELOADANDKHA
SUBJECT
(CD 10) Authorize Execution of a Contract with Preload, LLC in the Amount of $11,937,000.00 for New Sendera Ranch Ground Storage Tank
Project, Provide for Project Costs for a Project Total in the Amount of $12,769,462.00, 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
RECOMMENDATION:
It Is recommended that the City Council:
1. Authorize execution of a contract with Preload, LLC in the amount of $11,937,000.00 for the New Sendera Ranch Ground Storage Tank
project;
2. Adopt the attached Resolution expressing official intent to reimburse expenditures with proceeds from future debt for the New Sendera
Ranch GST project; and
3. Adopt the attached appropriation ordinance adjusting appropriations in the Water & Sewer Commercial Paper Fund by increasing
appropriations in the New Sendera Ranch Ground Storage Tank project (City Project No. 105781) in the amount of $12,769,462.00 and
decreasing appropriations in the Commercial Paper project. (City Project No. UCMLPR) by the same amount, to effect a portion of Water's
contribution to the Fiscal Years 2025-2029 Capital improvement Program.
DISCUSSION:
On November 12, 2024, Mayor and Council Communication (M&C) 24-0998 authorized an engineering agreement with Kimley-Horn and
Associates, Inc. (City Secretary No. 62396) for the preparation of plans and specifications for the New Sendera Ranch Ground Storage Tank.
This Mayor and Council Communication (M&C) is to authorize a contract with Preload, LLC in the amount of $11,937,000.00 for construction of the
New Sendera Ranch Ground Storage Tank.
Construction of the project was advertised for bid on March 5, 2025 and March 12, 2025 in the Fort Worth Star -Telegram. On April 3, 2025 the
following bid was received:
Bidder
Amount Contract Time
(Preload, LLC
$11,937,000.0011
400 Calendar Days
[DN Tanks, LLC
$11,955,955.00'
In addition to the contract cost, $436,357.00 is required for project management, material testing and inspection and $298,425.00 is provided for
project contingency. The project appropriation includes $97,680.00 for Amendment No. 1 to City Secretary Contract No. 62396 with Kimley-Horn
and Associates, Inc. that will provide for construction phase services, additional design and easement services on the project.
This project will have no impact on the Water Department operating budget when completed.
Available cash within the Water and Sewer portfolio and the City's portfolio along with the appropriation authority authorized under 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 bond 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 Fort Worth's Fiscal Years 2025-2029 Capital Improvement
Program.
Funding for New Sendera Ranch GST is depicted below
60SENDERARGST-PRELOADANDKHA
Capital
Fund
Project
FY2025 CIP
Authority
Name
Name
Appropriations;
56026-
105781
j
W&S
— New
Commercial
Sendera $4.00 This M&C
Paper Fund
Ranch
GST
BudgetChange Revised
(Increasell)ecrease)� FY2025
Budget
$12,769,462,00 $12,769,462.00
Funding is budgeted in the Commercial Paper project within the W&S Commercial Paper Fund for the purpose of funding of the New Sendera
Ranch GST project.
Funding for the New Sendera Ranch Ground Storage Tank is depicted below:
Existing Additional
Fund I Appropriations Appropriations Project Total'
56026 — W&S I
Commercial $809,721.00 $12,769,462,00 $13,579,183.00
Paper J _
Project Total $809,721.00 $12,769,462A0 $13,579,183.00
DVIN: The Business Equity Division placed a 9.01 percent business equity goal on this solicitation/contract. Preload, LLC, will be exceeding the
goal at 10.52 percent, meeting the City's Business Equity Ordinance. Any changes in subcontractors will be reviewed by the Business Equity
Division.
The project is located in COUNCIL DISTRICT 1D.
FISCAL INFORMATION ! CERTIFICATION:
The Director of Finance certifies that funds are 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 New Sendera Ranch GST project to support the above recommendations and execution of the contract and amendment. Prior
to an expenditure being incurred; the Water Department has the responsibility of verifying the availability of funds,
Submitted for City Manager's Office bv: Jesica McEachern 5804
Oriainatina Business Unit Head: Chris Harder 5020
Additional Information Contact:
Expedited
Dena Johnson 7866