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Home My WebLink About6189-11-2025 - City Council - ResolutionA Resolution NO. 6189-11-2025 STATEMENT EXPRESSING OFFICIAL INTENT TO REIMBURSE EXPENDITURES WITH PROCEEDS OF FUTURE DEBT FOR THE NORTHSIDE III 54-INCH WATER TRANSMISSION MAIN WHEREAS, the City of Fort Worth, Texas (the "City") is a home -rule municipality and political subdivision of the State of Texas; and WHEREAS, the City expects to pay expenditures in connection with the design, planning, acquisition and construction for the Northside III 54-Inch Water Transmission Main Project (the "Project") prior to the issuance of obligations by the City in connection with the financing of the Project from available funds; and WHEREAS, the City finds, considers, and declares that the reimbursement of the City for the payment of such expenditures will be appropriate and consistent with the lawful objectives of the City and, as such, chooses to declare its intention, in accordance with the provisions of Section 1.150-2 of the Treasury Regulations, to reimburse itself for such payments at such time as it issues obligations to finance the Project. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH, TEXAS, THAT: Section 1. The City reasonably expects debt, as one or more series of obligations, may be issued or incurred by the City with an aggregate maximum principal amount not to exceed $31,500,000.00 for the purpose of paying the aggregate costs of the Project. Section 2. All costs to be reimbursed pursuant hereto will be capital expenditures. No obligations will be issued by the City in furtherance of this Statement after a date which is later than 18 months after the later of (1) the date the expenditures are paid or (2) the date on which the property, with respect to which such expenditures were made, is placed in service. Section 3. The foregoing notwithstanding, no obligation will be issued pursuant to this Statement more than three years after the date any expenditure which is to be reimbursed is paid. Adopted this 11"' day of November 2025. ATTEST: By: U Jannette S. Goodall, City Secretary �� F°Rr O�Op0000000� 1` � o�� 0 pro o�� Pva °_0 00 0 ICY 0 y �00000000ICY a TEx AS-oA.o- MAYOR AND COUNCIL COMMUNICATION MAP 60NS11154INWTMPH1-THALLE N Ff D •,D ETJ I:J 1 _ 1 `A f .EY LNDo +� O } i BLUE MOUND RD m Phase 3*I?y■■■■■l'I■■■ Future y, ',.t�cq� cy�9 L 1 ■ JoNao�� ■ ■ -,y0 1 W BONDS RANCH RD � Heritage Homes I,11. s & Grbk Edgewoad LLC f�f"�� ,y � Ag� Z (Chapel Hill West) ' O s MAGMA DR w (p LU L O Fort Worth Phase 2 Under Construction PARK DR t !0-1,101 IR\ W BAILEY BOSWELL RDA _ s� Im 9c�9 m Mom F omi FJD�N ) A ❑ m W J BOAZ RD ❑ v O �� O I L Z H �e I❑ to t w I �a z PARKVIEW HILLS LNr WTP m0 i ❑ WMCLEROYBLVD MENFORT WORTH(,), m ' ° / ..: 1 Eagle Mountain WTP i .I Q°� jec yip �L\ Eagle Mountain Lake ROBERTSON RD — 44kP cOU�TRyDR Phase 1 City of Fort Worth, Texas Mayor and Council Communication DATE: 11/11/25 M&C FILE NUMBER: M&C 25-1052 LOG NAME: 60NS11154INWTMPHI-THALLE SUBJECT (CD 7) Authorize Execution of a Contract with Thalle Construction Company, Inc in the Amount of $25,317,617.00 for the Northside 111 54- inch Water Transmission Main, Phase 1, 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 2026-2030 Capital Improvement Program RECOMMENDATION: It is recommended that the City Council: Authorize execution of a contract with Thalle Construction Company, Inc. in the amount of $25,317,617.00 for the Northside III 54-inch Water Transmission Main, Phase 1; Adopt the attached Resolution expressing official intent to reimburse expenditures with proceeds from future debt for the Northside III 54-inch Water Transmission Main project; and Adopt the attached Appropriation Ordinance adjusting appropriations in the Water and Sewer Commercial Paper Fund by increasing appropriations in Northside III 54-inch Water Transmission Main project (City Project No. 104940) in the amount of $26,273,961.00 and decreasing appropriations in the W&S Commercial Paper project (City Project No. UCMLPR) by the same amount, to effect a portion of Water's contribution to the Fiscal Years 2026-2030 Capital Improvement Program. DISCUSSION: As part of Water Department's efforts to provide increased water supply and reliability to the fast-growing northern sector of the city, it is necessary to install a 54-inch water main from the Eagle Mountain Water Treatment Plant to the existing 36-inch Northside III water main at the Willow Springs Road/Blue Mound Road West intersection. This project Phase 1 provides for the construction of the water main from Park Drive to the Eagle Mountain Water Treatment Plant to allow for increased pumping efficiency for future expansion of the plant. Construction of the project was advertised for bid on August 27, 2025 and September 3, 2025 in the Fort Worth Star -Telegram. On October 16, 2025 the following bids were received: Bidder Total Bid Contract Time Thalle Construction Company, $25317617.00 500 Calendar Inc. ,, Days S.J. Louis Construction of Texas, LLC $26,573,220.95 Oscar Renda Construction, Inc. $28,159,910.00 Mountain Cascade of Texas, LLC $31,299,762.00 Belt Construction of Texas, LLC $31,325,500.00 Harper Brothers Construction, LLC $32,508,132.00 In addition to the contract amount, $627,215.00 (Water) is required for project management, material testing, and inspection and $329,129.00 (Water) is provided for contingencies. 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. Funding is budgeted in the Commercial Paper Project within the W&S Commercial Paper Fund for the purpose of the NSIII 54-inch WTM after the sale of Water and Sewer Bonds. Funding for NSIII 54-inch WTM project is depicted below: Fund Existing Additional project Total* Appropriations Appropriations Developer Contribution — Fund $3,303,948.15 $0.00 $3,303,948.15 30104 Transportation Impact Fee Cap — $324,702.15 Fund 30108 W&S Rev Bonds Series 2024-Fund $4,623,807.00 56022 W&S Rev Bonds Series 2025 — Fund $30,479,731.00 56023 $0.00 $324,702.15 $0.00 $4,623,807.00 $0.00 $30,479,731.00 W&S Commercial Paper- Fund $0.00 $26,273,961.00 $26,273,961.00 56026 IlProject Total I $38,732,188.20I $26,273,961.00I$65,006,149.30 *Numbers rounded for presentation purposes. The project is located in COUNCIL DISTRICT 7. a6-1071M1►1101ViyJ_rI[a]►FLG3=I:A01aley-A0Is]►I 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 attached appropriation ordinance, funds will be available in the W&S Commercial Paper Fund for the NSI11 54-inch WTM 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: Expedited Preeti KC 5467