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HomeMy WebLinkAboutOrdinance 28012-09-2025Ordinance No. 28012-09-2025 AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE GENERAL CAPITAL PROJECTS FUND, IN THE CUMULATIVE AMOUNT OF $14,145,000.00, TRANSFERRED FROM FUND BALANCE WITHIN THE GENERAL FUND, FOR THE PURPOSE OF FUNDING THE MCCART AVENUE & MCPHERSON BOULEVARD PROJECT (CITY PROJECT NO. CO2505), BAILEY BOSWELL EAST PROJECT (CITY PROJECT NO. 104152) AND CAMP BOWIE BOULEVARD AT HORNE STREET PROJECT (CITY PROJECT NO. 103313) ; 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 increased estimated receipts and appropriations in the General Capital Projects Fund in the cumulative amount of $14,145,000.00, transferred from fund balance within the General Fund, for the purpose of funding the McCart Avenue & McPherson Boulevard project (City Project No. CO2505), Bailey Boswell East project (City Project No. 104152) and Camp Bowie Boulevard at Horne Street project (City Project No. 103313). Project ID Project Name - Description Appropriation Increase/Decrease CO2505 McCart Avenue & McPherson Boulevard project $10,145,000.00 104152 Bailey Boswell East project $2,000,000.00 103313 Camp Bowie Boulevard at Horne Street project $2,000,000.00 Net Appropriation $14,145,000.00 Adjustments 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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 (Oct 17, 2025 15:42:23 CDT) Assistant City Attorney ADOPTED AND EFFECTIVE: September 30, 2025 CITY SECRETARY Jannette S. Goodall City Secretary p o� FOR00 T a� a.�►o I00 ~� . °_ .�/ ° O Y °° * d ° d °ICY �atl nEXA`-,o-o�p Mayor & Council Map I GFFB Appropriation CPNs #103313, #CO25055 #104152 CD #3,6,7 O City Projects 10 ff] , 2 - Carlos Flores ❑ 0 3 - Michael D. Crain �} 0 4 - Charles Lauersdorf- o 0 5 - Deborah Peoples 7 0 6 - Mia Hall 0 7 - Macy Hill 8 - Chris Nettles 0 9 - Elizabeth M. Beck 10 -Alan Blaylock 0 11 -Jeanette Martin- - A i 2 C�) 103313 104152 4 FORT WORTH 121 TEXAS CO2505 I p �p 104152 Bailey Boswell East u 103313 Camp Bowie Blvd at Horne St CO2505 McCart Ave & McPherson Blvd 5 Data Source: CFW GIS, Near Map I Map generated July 2025 0 3.5 7 TPW Business Support Services Copyright © 2025 City of Fort Worth Unauthorized reproduction is a violation of Miles applicable laws. This data is to be use for graphical representation only. The accuracy is not to be taken/used as data produced for engineering purposes or by a registered professional land surveyor. The City of Fort Worth assumes no responsibility for the accuracy of said data. City of Fort Worth, Texas Mayor and Council Communication DATE: 09/30/25 M&C FILE NUMBER: M&C 25-0929 LOG NAME: 20GFFB APPROPRIATION MCCART-BAILEY-HORNE SUBJECT (CD 6, CD 7, and CD 3) Adopt Appropriation Ordinances Allocating a Total of $14,145,000.00 in Previously Assigned Fund Balance for the McCart Avenue and McPherson Boulevard, Bailey Boswell East, and Camp Bowie Boulevard at Horne Street Capital Projects, and Amend the Fiscal Year 2025 Adopted Budget and Fiscal Years 2025-2029 Capital Improvement Program (2022 Bond Program) RECOMMENDATION: It is recommended that the City Council: 1. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the Transportation and Public Works Department General Fund, in the amount of $14,145,000.00, from Fiscal Year 2024 Assigned Fund Balance. for the purpose of transferring to the General Capital Projects Fund; 2. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the General Capital Projects Fund in the cumulative amount of $14.145,000.00, transferred from fund balance within the General Fund, for the purpose of funding the McCart Avenue & McPherson Boulevard project (City Project No.0O2505), Bailey Boswell East protect (City Project No.104152) and Camp Bowie Boulevard at Horne Street project (City Project No.103313), and 3. Amend the Fiscal Year 2025 Adopted Budget and Fiscal Years 2025-2029 Capital Improvement Program. DISCUSSION: As part of the Fiscal Year (FY) 2024 year-end process, the City Manager assigned $56,507,497.00 from the Fiscal Year 2024 fund balance to address future capital shortfalls and library capital projects, as authorized by Mayor and Council Communication (M&C 25-0003). This assigned amount exceeds the General Fund reserve requirements and is composed of the following sources: $9,472.519.00 from the sale of library property residuals, $14 627,444.00 from capital project shortfalls funded by the remaining assigned fund balance from FY2023, $7,690,534.00 from FY2024 budgetary savings, and $24,717,000.00 from one-time interest earnings. This M&C will amend the Fiscal Year 2025 Adopted Budget, as approved in connection with Ordinance 27107-09-2024. Funding for these projects was not included in the FY2025-2029 Capital Improvement Program due to cost overruns resulting from inflation and rising construction expenses. Approval of this M&C will reduce the Assigned Fund Balance for capital projects as follows: Fund Balance Set for Capital :t Shortfalls Balance Set for Library al Projects Balance Set for FY2024 Assigned Fund Balance for Capital $47, 034, 978.00 4550 2020APPROPRIATE 121SF VILLAGE FY24 GFFB M&C 25-0003 CREEK (M&C 25-0255) SETTLEMENT M&C $0.00 $9,472,519.00 $0.00 $2,939,440.00 ($2,939 440.00) Balance Set for Risk/Fund $5,000,000.00 ($5,000.000.00) t Assigned Balance for $64,446,937.00 ($7,939,440.00) al 80CIQUIO GFFB VASQUEZ PARK 80SYCAMORE 21 DOWNTOWN 60CAMP BOWIE Appropriation Revised PHASE I PARK PHASE II LIBRARY IMPROVEMENTS McCart-Bailey- Assigned CONSTRUCTION CONSTRUCTION DESIGN BUILD Horne C0.1 Fund Balance M &C M&C CONTRACT (This M&C) ($2,000,000.00) ($3,450 000.00) ($1,500,000.00) ($1,000,000.00) $0.00 $0.00 $0.00 $0.00 $0.00 ($9,472.519.00) $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.001 $0.001 $0.00 $0.00 ($2,000,000.00) ($3,450,000.00)I ($1,500,000.00)I ($1,000,000.00) ($9,472,519.00) ($285 500.00) ($14,145 000.00) $24,654,478.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 ($285,500.00) ($14,145,000.00) $24,654,478.00 In addition, this M&C seeks authorization to appropriate available FY2024 Assigned Fund Balance in the General Fund to supplement existing funding for transportation infrastructure projects included in the 2022 Bond Program. Due to current market conditions and higher inflation rates, additional funds are needed to cover estimated budget shortfalls on three capital projects. These projects are included in the 2022 Bond Program. The City's Extendable Commercial Paper (ECP) (M&C 22-0607, Ordinance 25675-08-2022) provides liquidity to support the appropriation. Available resources will be used to actually make any interim progress payments until debt is issued. Once debt associated with a project is sold, debt proceeds will reimburse the interim financing source in accordance with the statement expressing official Intent to Reimburse that was adopted as part of the ordinance canvassing the bond election (Ordinance 25515-05-2022). Staff proposes using $14,145,000.00 of the available FY2024 Assigned Fund Balance in the General Fund to complete project activities, including design, right-of-way, and construction, for the three capital improvement projects listed in the table below. Additional Project Project Name Limits Existing FY24 Assigned Fund Revised Total Number Funding Balance Set Aside Funding CO2505 McCart Avenue & (McPherson Risinger Rd to Twin Leaf; West $38,655,046.03 $10,145,000.00 $48,800,046.03 Boulevard Cleburne to McCart Extension 104152 jlBailey Boswell East lBlue Mound to Horseman Rd iI $1,000,000.0011 $2,000,000.001 $3,000,000.00 103313 Camp Bowie Blvd at Camp Bowie Blvd at Horne Street $4,400,000.00 $2,000,000.00 $6,400,000.00 Horne Street �$58,200,046.03 TOTAL $ 44,055,046.03 $14,145,OOD.00 Funding is available for appropriation in the fund balance of the General Fund. Funding will budgeted in the General Capital Projects Fund for the Transportation and Public Works for the purpose of funding the projects listed above. The McCart Avenue & McPherson Boulevard Project is located in COUNCIL DISTRICT 6. The Bailey Boswell East Project is located in COUNCIL DISTRICT 7. The Camp Bowie Boulevard at Horne Street Project is located in COUNCIL DISTRICT 3. 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 General Fund and upon approval of the above recommendations and adoption of the attached appropriation ordinances, funds will be available in the General Capital Projects Fund for the McCart Ave. & McPherson Blvd, Bailey Boswell East, and the Camp Bowie Blvd at Horne St projects. Prior to an expenditure being incurred, the Transportation and Public Works Department has the responsibility of verifying the availability of funds. Submitted for Citv Manager's Office bv: Jesica McEachern 5804 Oriainatina Business Unit Head: Lauren Prieur 6035 Additional Information Contact: Monty Hall 8662