Loading...
HomeMy WebLinkAboutOrdinance 27918-08-2025Ordinance No.27918-08-2025 AN 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 $854,597.00 AND DECREASING APPROPRIATIONS IN THE WATER & SEWER COMMERCIAL PAPER PROJECT (CITY PROJECT NO. UCMLPR) BY THE SAME AMOUNT; PROVIDING FOR A SEVERABILITY CLAUSE; MAILING 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 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 $854,597.00 and decreasing appropriations in the Water & Sewer Commercial Paper project (City Project No. UCMLPR) by the same amount. E•'ix8�I[a]zI" 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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 (Sep 15, 2025 11:13:42 CDT) Douglas W. Black Senior Assistant City Attorney ADOPTED AND EFFECTIVE:August 26, 2025 CITY SECRETARY Jannette S. Goodall City Secretary .o-d-annn� �do�0F 000'. � 0 ��0�" 0 1 0 ��0 o��� *00 °_� 0 0 00 0° d 0 0 '000000000Fy fan nEXA`�.o��a ETJ .0 w: 44jjjj a 1 mqmvmmp*ww. M.-or.thl"I 2 OMMM 0 m CROMWELIUMM..ARINE CREEK RD 0 City of Fort Worth, Texas Mayor and Council Communication DATE: 08/26/25 M&C FILE NUMBER: M&C 25-0799 LOG NAME: 60EMWTP ONCOR ELEC S TRANS SUBJECT (CD 7) Authorize Execution of a Tariff for Retail Delivery Service Agreement with Oncor Electric Delivery Company LLC in the Amount of $854,596.45 for Installation of Electric Service and Transformers to New Electrical Building at the Eagle Mountain Water Treatment Plant, 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: Authorize execution of a Tariff for Retail Delivery Service Agreement with Oncor Electric Delivery Company LLC in the amount of $854,596.45 for installation of electric service and transformers to new electrical building at the Eagle Mountain Water Treatment Plant; 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 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 $854,597.00 and decreasing appropriations in the Water & Sewer 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: As part of this agreement, ONCOR Electric Delivery Company LLC (ONCOR), will extend feeders and install transformers and metering equipment to supply power to the new facilities included in the EMWTP expansion project. Construction of the expansion project was previously authorized by City Council on June 6, 2025 (M&C 25-0516). ONCOR has calculated costs in the amount of $854,596.45 for the installation of the electrical infrastructure needed to provide power for the plant expansion. 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 bond proceeds. It is the practice of the Water Department to appropriate its Capital Improvement Program (CIP) plan throughout the Fiscal Year, 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 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: Fund Existing Additional project Total* Appropriations Appropriations W&S Rev Bonds Series 2024 — $15,503,908.00 $0.00 $15,503,908.00 Fund 56022 W&S Rev Bonds Series 2024C — $122,000,000.00 $0.00 $122,000,000.00 Fund 56025 �W&S Commercial $175,254,691.00 $854,597.00 $176,109,288.00 Paper Fund 56026 Project Total $312,758,599.00 $854,597.00 $313,613,196.00 This project is located in Council District 7. A Form 1295 is not required because: This contract will be with an electric utility: ONCOR Electric Delivery Company, LLC 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 appropriation ordinance, funds will be available in the W&S Commercial Paper Fund for the EMWTP 35MGD EXP. AND PS2 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. Submitted for Citv Manaaer's Office bv: Jesica McEachern 5804 Oriainatina Business Unit Head: Chris Harder 5020 Additional Information Contact: David Townsend 8430