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HomeMy WebLinkAbout27549-03-2025 - City Council - OrdinanceOrdinance No. 27549-03-2025 AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE TRANSPORTATION & PUBLIC WORKS DEPARTMENT OF THE GENERAL FUND, IN THE AMOUNT OF $2,000,000.00, FROM AVAILABLE FY2024 ASSIGNED FUND BALANCE, FOR THE PURPOSE OF TRANSFERING TO THE GENERAL CAPITAL PROJECTS FUND FOR THE ADVENTURESS COURT GROUND SHIFTING REPAIR PROJECT (CITY PROJECT NO. 105673); 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 Transportation & Public Works department of the General Fund in the amount of $2,000,000.00, from available FY2024 assigned fund balance, for the purpose of transferring to the General Capital Projects Fund for the Adventuress Court Ground Shifting project (City Project No. 105673). 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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 9, 2025 14:26 CDT) (Apr Jannette S. Goodall FORT �a� Assistant City Attorney City Secretary A Q °000000°°o. d �0 o�'A�� ~o 0 d Z� ADOPTED AND EFFECTIVE: March 25, 2025 000 0 0 � ° 0 � 00000000 ��� 000 .c! ��� *x -ate Mayor &Council Map I CPN # 105673 Adventuress Court Ground Shifting I CD # 7 • • • Project Extent Council Districts M 7 - Macy Hill^ FORTWORTH� R I SD 1�0 Data Source: CFW GIS, Nearmap I Map generated July 2024 TPW Business Support Services Copyright © 2024 City of Fort Worth. Unauthorized reproduction is a violation of Feet applicable laws. This data is to be use forgrophicol representation only. The accuracy is not to be taken/used as data produced for engineering purposes or by a registered N 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: 03/25/25 M&C FILE NUMBER: M&C 25-0255 LOG NAME: 2020APPROPRIATE FY24 GFFB SUBJECT (CD 7) Adopt Appropriation Ordinances in the Amount of $2,000,000.00 from Assigned Fund Balance for the Purpose of Funding the Adventuress Court Ground Shifting Repair Project and Amend the Fiscal Years 2025-2029 Capital Improvement Program RECOMMENDATION: It is recommended that the City Council: 1. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the General Fund in the amount of $2,000,000.00 from FY2024 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 amount of $2,000,000.00, transferred from fund balance within the General Fund, for the purpose of funding the Adventuress Court Ground Shifting Repair project (City Project No. 105673); 3. Amend the Fiscal Year 2025 Adopted Budget and Fiscal Years 2025-2029 Capital Improvement Program. DISCUSSION: As part of the Fiscal Year 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 (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 action in the M&C will amend the Fiscal Year 2025 Adopted Budget, as approved in connection with Ordinance 27107-09-2024. Funding for this project was not included in the FY2025-2029 Capital Improvement Program due to cost overruns resulting from inflation and rising construction expenses. This M&C action will also amend the FY2025-2029 Capital Improvement Program, as approved in connection with Ordinance 27107- 09-2024. Approval of this M&C will reduce the Assigned Fund Balance for capital project shortfalls as follows: General Fund FY2024 Assigned This M&C Revised Assigned Fund Balance for Fund Balance Capital Assigned Fund Balance - $47,034,978.00 ($2,000,000.00) $45,034,978.00 Capital Project Shortfalls Assigned Fund Balance - $9,472,519.00 $0 $9,472,519.00 Library Capital Projects Total Assigned Fund $56,507,497.00 ($2,000,000.00) $54,507,497.00 Balance for Capital This Mayor and Council Communication (M&C) is to obtain funding to allow staff to perform or contract work under an emergency authorization to address an ongoing slope failure affecting the infrastructure and the safety of the Adventuress Court cul-de-sac. The failing slope consists of fill material imported by a developer sometime in the 2015-2018 time period. The cul-de-sac was constructed sometime after that as part of a new development known as Talon Hill. The rehabilitation project will address the ground stability issues that have damaged a water line, stormwater facility, street, sidewalk, and adjacent private property. Under the emergency authority, the City engaged a consulting engineer to study the ground stability failure (City Secretary Contract No. 61788). Additionally, the City contacted a national firm with a local presence to evaluate and make recommendations for a permanent repair solution. The scope includes permanent slope stabilization through anchored soldier piles (a vertical retaining wall) and horizontal tie -back devices to ensure long-term safety and functionality and permit the complete reconstruction of the cul-de-sac and associated water and stormwater facilities. Contracts issued under emergency authorization will be brought to the City Council for ratification after the work has been completed and final costs are known. This project is located in Council District 7. 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 Adventuress CT project. Prior to an expenditure being incurred, the Transportation and Public Works Department has the responsibility of verifying the availability of funds. Submitted for Citv Manaaer's Office bv: Jesica McEachern 5804 Oriainatina Business Unit Head: Lauren Prieur 6035 Additional Information Contact: Monty Hall 8662