HomeMy WebLinkAboutOrdinance 27780-06-2025Ordinance No. 27780-06-2025
AN 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 THE (1) ADD.
VC DRYER FACILITY GASLINE PROJECT (CITY PROJECT NO. 103011) IN
THE AMOUNT OF $4,615,294.48,(2) WSIV ELEVATED WST & TRANS MAIN
PROJECT (CITY PROJECT NO. 103292) IN THE AMOUNT OF $15,481,148.78, (3)
VC PRIMARY CLARIFIER REPL PH1 PROJECT (CITY PROJECT NO. 103295)
IN THE AMOUNT OF $3,028,586.22 AND (4) WS GEN & EMER PREP PLAN
PROJECT (CITY PROJECT NO. 103410) IN THE AMOUNT OF $8,614,910.12;
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 in addition to those amounts allocated to the various City departments for Fiscal Year 2024-2025 in the
Budget of the City Manager, there shall also be decreased 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 the (1) ADD. VC
Dryer Facility Gasline project (City Project No. 103011) in the amount of $4,615,294.48, (2) WSIV Elevated
WST & Trans Main project (City Project No. 103292) in the amount of $15,481,148.78, (3) VC Primary
Clarifier REPL PHI project (City Project No. 103295) in the amount of $3,028,586.22 and (4) WS Gen &
Emer Prep Plan project (City Project No. 103410) in the amount of $8,614,910.12.
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said prior ordinances and appropriations are hereby expressly repealed.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:
Douglas Black (Jul 14, 2025 10:39 CDT)
Douglas W. Black
Senior Assistant City Attorney
ADOPTED AND EFFECTIVE: June 24, 2025
CITY SECRETARY
Jannette S. Goodall
City Secretary
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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 Waters 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 PH1 (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 PH1 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 Waters 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 PH 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
Appropriations Appropriations
56002 — W&S Capital $324,256.00 $0.00
Projects
56020 — W&S Rev
Bonds Series 2022
56021 — W&S Rev
Bonds Series 2023
56022 — W&S Rev
Bonds Series 2024
56007 - Water &
Sewer Bond 2015A
56016 - WS Capital
Project 2019
56019 - W&S Rev
Bonds Series 2021
Project Total
$324,256.00
$1,831,291.00 $0.00 $1,831,291.00
$8,853,934.00 ($7,896,985.57) $956,948.43
$18,672,078.00 ($15,481,148.78) $3,190,929.22
$0.00 $7,896,985.57 $7,896,985.57
$0.00 $4,039,422.82 $4,039,422.82
$0.00 $11,441,725.96 $11,441,725.96
ITotal Project I $29,681,559.001 $0.00 $29,681,559.00
VC Primary Clarifier REPL PH 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
Project Total
Appropriations
Appropriations
53004 — Water/Sewer
$4,850,000.00
$0.00
$4,850,000.00
Gas Lease Cap Proj
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
$8,614,910.12
$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 $13,917,999.00 $0.00 $13,917,999.00
Bonds Series 2022
56021 — W&S Rev $31,034,957.00 ($30,438,720.48) $596,236.52
Bonds Series 2023
56019 — W&S Rev $0.00 $30,438,720.48 $30,438,720.48
Bonds Series 2021
Total $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 Manaaers Office bv: Jesica McEachern 5804
Oriainatina Business Unit Head: Chris Harder 5020
Additional Information Contact: Chris Harder 5020
Expedited