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Home My WebLink AboutOrdinance 27773-06-2025Ordinance No. 27773-06-2025 AN ORDINANCE ADJUSTING ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE WATER/SEWER BOND 2016 FUND, BY DECREASING ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE UNSPECIFIED ALL -FUNDS PROJECT (CITY PROJECT NO. UNSPEC) IN THE AMOUNT OF $1,356,055.60 AND INCREASING ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE VC PRIMARY CLARIFIER REPL PH1 (CITY PROJECT NO. 103295) 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 27107-09- 2024, as amended, is hereby further amended to make the following adjustments to estimated receipts and appropriations in the Water/Sewer Bond 2016 Fund, by decreasing estimated receipts and appropriations in the Unspecified All -Funds project (City Project No. UNSPEC) in the amount of $1,356,055.60 and increasing estimated receipts and appropriations in the VC Primary Clarifier REPL PHI (City Project No. 103295) 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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: CITY SECRETARY Douglas Black (Jul 14, 2025 10:29 CDT) Douglas W. Black Senior Assistant City Attorney ADOPTED AND EFFECTIVE: June 24, 2025 Jannette S. Goodall City Secretary lfzr . �QRT00 0 o� 0 0 :� �o ^J o F 0 0 Op O ! 10, *%'000000000� TEXpS City of Fort Worth, Texas Mayor and Council Communication DATE: 06/24/25 M&C FILE NUMBER: M&C 25-0638 LOG NAME: 60WATER REVENUE BOND CLEAN UP 2025 SUBJECT (ALL) Adopt Appropriation Ordinances to Replace $70,075,645.65 in Previously Appropriated Funds with Remaining Revenue Bond Balances to Effect a Portion of Water's Contribution to the Fiscal Years 2025-2029 Capital Improvement Program RECOMMENDATION: It is recommended that City Council: 1. Adopt the attached appropriation ordinance adjusting estimated receipts and appropriations in the Water/Sewer Bond 2016 Fund by increasing appropriation in the VC Primary Clarifier REPL PHI (City Project No. 103295) in the amount of $1,356,055.60, and decreasing appropriations in the Unspecified All -Funds project (City Project No. UNSPEC) by the same amount; 2. Adopt the attached appropriation ordinance adjusting estimated receipts and appropriations in the Water & Sewer Bond 2015A - Fund by increasing appropriations in the WSIV Elevated WST & Trans Main (City Project No. 103292) in the amount of $7,896,985.57, and decreasing appropriations in the Unspecified All -Funds project (City Project No. UNSPEC) by the same amount; 3. Adopt the attached appropriation ordinance adjusting estimated receipts and appropriations in the Water & Sewer Bond 2017A Fund by increasing appropriations in the ADD. VC Dryer Facility Gasline (City Project No. 103011) in the amount of $4,615,294.48, and decreasing appropriations in the Unspecified All -Funds project (City Project No. UNSPEC) by the same amount; 4. Adopt the attached appropriation ordinance adjusting estimated receipts and appropriations in the WS Capital Project 2019 Fund by increasing appropriations in the WSIV Elevated WST & Trans Main (City Project No. 103292) in the amount of $4,039,422.82, and decreasing appropriations in the Unspecified All -Funds project (City Project No. UNSPEC) by the same amount; 5. Adopt the attached appropriation ordinance adjusting estimated receipts and appropriations in the Water & Sewer Bond 2020A Fund by increasing appropriations in the VC Primary Clarifier REPL PH1 (City Project No. 103295) in the amount of $1,672,530.62, and decreasing appropriations in the Unspecified All -Funds project (City Project No. UNSPEC) by the same amount; 6. Adopt the attached appropriation ordinance adjusting estimated receipts and appropriations in the W&S Rev Bonds Series 2021 Fund by increasing appropriations in the WS Gen & Emer Prep Plan project (City Project No. 103410) in the amount of $8,614,910.12, in the Clear Fork LS and FM project (City Project No. 100996) in the amount of $30,438,720.48, in the WSIV Elevated WST & Trans Main project (City Project No. 103292) in the amount of $11,441,725.96, and decreasing appropriations in the Unspecified All -Funds project (City Project No. UNSPEC) by the total amount of $50,495,356.56; 7. Adopt the attached appropriation ordinance decreasing estimated receipts and appropriations in the W&S Rev Bonds Series 2023 Fund in the amount of $38,335,706.05, for the purpose of reducing appropriations in the Clear Fork LS and FM project (City Project No. 100996) in the amount of $30,438,720.48, and in the WSIV Elevated WST & Trans Main project (City Project No. 103292) in the amount of $7,896,985.57; and 8. Adopt the attached appropriation ordinance decreasing estimated receipts and appropriations in the W&S Rev Bonds Series 2024 Fund in the amount of $31,739,939.60, for the purpose of reducing appropriations in the ADD. VC Dryer Facility Gasline project (City Project No. 103011) in the amount of $4,615,294.48, in the WSIV Elevated WST & Trans Main project (City Project No. 103292) in the amount of $15,481,148.78, in the VC Primary Clarifier REPL PH project (City Project No. 103295) in the amount of $3,028,586.22, and in the WS Gen & Emer Prep Plan project (City Project No. 103410) in the amount of $8,614,910.12, to Effect a Portion of Water's Contribution to the Fiscal Years 2025-2029 Capital Improvement Program DISCUSSION: The purpose of this Mayor and Council Communication (M&C) is to deplete the remaining unappropriated balances in the following funds: the Water/Sewer Bond 2016 Fund, the Water & Sewer Bond 2015A Fund, the Water & Sewer Bond 2017A Fund, the WS Capital Project 2019 Fund, the Water & Sewer Bond 2020A Fund, and the W&S Revenue Bonds Series 2021 Fund. These balances remain due to project closeouts, scope adjustments, or cost savings and are now available for reappropriation. It is the practice of the Water Department to appropriate funding for its Capital Improvement Program (CIP) on a rolling basis throughout the fiscal year, rather than exclusively through the annual budget ordinance. This incremental approach provides the flexibility to respond to project timelines, emerging infrastructure needs, and updated cost estimates, while supporting prudent financial management, cash flow, and post -issuance compliance. The actions proposed in this M&C will reappropriate available balances from prior bond issuances into active projects identified in the Water Department's share of the City of Fort Worth's Fiscal Years 2025-2029 Capital Improvement Program. This will allow the Department to continue making progress on essential water and wastewater system improvements. Additionally, this action supports the City's commitment to strong post -issuance compliance practices by ensuring that bond proceeds are used for their intended purposes within a reasonable timeframe. Timely appropriation and expenditure of bond funds help the City meet Internal Revenue Service (IRS) regulations and maintain compliance with adopted bond policies. This proactive management of unspent proceeds reduces the risk of arbitrage rebate liabilities and supports transparent financial reporting. Funding is available in the Unspecified All -Funds project within the Water/Sewer Bond 2016 Fund, the Water & Sewer Bond 2015A Fund, the Water & Sewer Bond 2017A Fund, the WS Capital Project 2019 Fund, the Water & Sewer Bond 2020A Fund, and the W&S Rev Bonds Series 2021 Fund for the purpose of funding the ADD. VC Dryer Facility Gasline project (City Project No. 103011), the WSIV Elevated WST & Trans Main (City Project No. 103292), the VC Primary Clarifier REPL PH1 project (City Project No. 103295), the WS Gen & Emer Prep Plan project (City Project No. 103410), and the Clear Fork LS and FM project (City Project No. 100996). Funding for the projects is depicted below: ADD. VC Dryer Facility Gasline project (City Project No. 103011) Fund Existing Additional Project Total Appropriations Appropriations 56020 — W&S Rev $441,711.00 $0.00 $441,711.00 Bonds Series 2022 56022 — W&S Rev Bonds Series 2024 56011 -Water & Sewer Bond 2017A Total $5,619,233.00 ($4,615,294.48) $1,003,938.52 $0.00 $4,615,294.48 $4,615,294.48 $6,060,944.00 $0.00 $6,060,944.00 WSIV Elevated WST & Trans Main (City Project No. 103292) Fund Existing Additional Project Total Appropriations Appropriations 56002 — W&S Capital $324,256.00 $0.00 $324,256.00 Projects 56020—W&S Rev $1,831,291.00 $0.00 $1,831,291.00 Bonds Series 2022 56021 — W&S Rev $8,853,934.00 ($7,896,985.57) $956,948.43 Bonds Series 2023 56022—W&SRev $18,672,078.00 ($15,481,148.78) $3,190,929.22 Bonds Series 2024 56007 - Water & $0.00 $7,896,985.57 $7,896,985.57 Sewer Bond 2015A 56016 - WS Capital $0.00 $4,039,422.82 $4,039,422.82 Project 2019 56019-W&SRev $0.00 $11,441,725.96 $11,441,725.96 Bonds Series 2021 ITotal Project I $29,681,559.00 $0.00 $29,681,559.00 VC Primary Clarifier REPL PH1 project (City Project No. 103295) Fund Existing Additional Project Total Appropriations Appropriations 56018—WS Capital $1,839,596.94 $0.00 $1,839,596.94 Project 2020 56020—W&S Rev $3,128,471.00 $0.00 $3,128,471.00 Bonds Series 2022 56022 — W&S Rev $4,035,605.00 ($3,028,586.22) $1,007,018.78 Bonds Series 2024 56023 — Commercial $34,654,008.36 $0.00 $34,654,008.36 Paper 56024 — W&S Rev $57,000,000.00 $0.00 $57,000,000.00 Bonds Series 2024B 57003 — Sewer $11,068,124.00 $0.00 $11,068,124.00 Impact Fees 56005 — Water/Sewer $0.00 $1,356,055.60 $1,356,055.60 Bond 2016 56017 — Water & $0.00 $1,672,530.62 $1,672,530.62 Sewer Bond 2020A$1 Total $111,725,805.30 $0.00 $111,725,805.30 WS Gen & Emer Prep Plan project (City Project No. 103410) Fund Existing Additional Appropriations Appropriations 53004 — Water/Sewer $4,850,000.00 $0.00 Gas Lease Cap Proj Project Total $4,850,000.00 56002 — W&S Capital $12,814,614.00 $0.00 $12,814,614.00 Projects 56020 — W&S Rev $4,230,228.00 $0.00 $4,230,228.00 Bonds Series 2022 56021 — W&S Rev $25,949,327.00 $0.00 $25,949,327.00 Bonds Series 2023 56022 — W&S Rev $16,388,749.00 ($8,614,910.12) $7,773,838.88 Bonds Series 2024 56019 — W&S Rev $0.00 $8,614,910.121 $8,614,910.12 Bonds Series 2021 Total $64,232,918.00 $0.00 $64,232,918.00 Clear Fork LS and FM project (City Project No. 100996) Fund Existing Additional Project Total Appropriations Appropriations 56014 — W&S Capital $3,591,570.00 $0.00 $3,591,570.00 Proj 2018 56020 — W&S Rev Bonds Series 2022 56021 — W&S Rev Bonds Series 2023 56019 — W&S Rev Bonds Series 2021 Total $13,917,999.00 $0.00 $13,917,999.00 $31,034,957.00 ($30,438,720.48) $596,236.52 $0.00 $30,438,720.48 $30,438,720.48 $48,544,526.00 $0.00 $48,544,526.00 This project is located in ALL COUNCIL DISTRICTS A Form 1295 is not required because: This M&C does not request approval of a contract with a business entity. FISCAL INFORMATION / CERTIFICATION: The Director of Finance certifies that funds are currently available in the Unspecified All -Funds project within the Water/Sewer Bond 2016, the Water & Sewer Bond 2015A, the Water & Sewer Bond 2017A, the WS Capital Project 2019, the Water & Sewer Bond 2020A, and the W&S Rev Bonds Series 2021 Funds and upon approval of the above recommendations and adoption of the attached appropriation ordinances, funds will be available in the Water/Sewer Bond 2016, the Water & Sewer Bond 2015A, the Water & Sewer Bond 2017A, the WS Capital Project 2019, the Water & Sewer Bond 2020A, and the W&S Rev Bonds Series 2021 Funds for the purpose of funding the ADD. VC Dryer Facility Gasline, the WSIV Elevated WST & Trans Main, the VC Primary Clarifier REPL PH1, the WS Gen & Emer Prep Plan, and the Clear Fork LS and FM projects. Prior to any expenditure being incurred, the Water Department has the responsibility to validate the availability of funds. Submitted for Citv Manaaei's Office bv: Jesica McEachern 5804 Oriainatina Business Unit Head Additional Information Contact: Expedited Chris Harder 5020 Chris Harder 5020