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HomeMy WebLinkAbout28114-11-2025 - City Council - OrdinanceOrdinance No.28114-11-2025 AN ORDINANCE ADJUSTING ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE WATER & SEWER REVENUE BOND SERIES 2023 FUND, BY INCREASING ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE NORTHSIDE IV 24-INCH WATER TRANSMISSION MAIN PROJECT (CITY PROJECT NO. 105114) IN THE AMOUNT OF $5,400,000.00 AND DECREASING ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE COMMERCIAL PAPER PROJECT (CITY PROJECT NO. UCMLPR) BY THE SAME AMOUNT; 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 the budget of the City of Fort Worth for Fiscal Year 2025-2026, as enacted by Ordinance 27979-09- 2025, as amended, is hereby further amended to make the following adjustments to estimated receipts and appropriations in the Water & Sewer Revenue Bond Series 2023 Fund, by increasing estimated receipts and appropriations in the Northside IV 24-Inch Water Transmission Main project (City Project No. 105114) in the amount of $5,400,000.00 and decreasing estimated receipts and appropriations in Commercial Paper project (City Project No. UCMLPR) by the same amount. [+9x611101zI PJ 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 27979-09-2025 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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 W. Black Senior Assistant City Attorney ADOPTED AND EFFECTIVE: November 11, 2025 CITY SECRETARY Jannette S. Goodall City Secretary OR0000000 ap°� ° aaC ° o g 0 ° ° ° °a* ° ° rzA MAYOR AND COUNCIL COMMUNICATION MAP 60NSIV241NWTMPICSEG3-ACADIA City of Fort Worth, Texas Mayor and Council Communication DATE: 11/11/25 M&C FILE NUMBER: M&C 25-1055 LOG NAME: 60NSIV241NWTMPICSEG3-ACADIA SUBJECT (CD 10 and ETJ) Authorize Execution of a Contract with Acadia Services, LLC in the Amount of $6,393,696.00 for Northside IV 24-inch Water Transmission Main, Phase 1 C - Segment 3 Project, Adopt Resolution Expressing Official Intent to Reimburse Expenditures with Proceeds of Future Debt, and Adopt Appropriation Ordinances 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: 1. Authorize execution of a contract with Acadia Services, LLC in the amount of $6,393,696.00 for the Northside IV 24-inch Water Transmission Main, Phase 1 C - Segment 3 Project (City Project No. 105114); 2. Adopt the attached resolution expressing official intent to reimburse expenditures with proceeds from future debt for the Northside IV 24-Inch Water Transmission Main Phase 1 C project; 3. Adopt the attached appropriation ordinance adjusting estimated receipts and appropriations in the Water & Sewer Revenue Bond Series 2023 Fund by increasing estimate receipts and appropriations in the Northside IV 24-Inch Water Transmission Main project (City Project No. 105114) in the amount of $5,400,000.00, and decreasing estimated receipts and appropriations in the 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; and 4. Adopt the attached appropriation ordinance adjusting appropriations in the Water & Sewer Commercial Paper Fund by increasing appropriations in the Northside IV 24-Inch Water Transmission Main project (City Project No. 105114) in the amount of $1,606,687.00 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 2026-2030 Capital Improvement Program. DISCUSSION: The Northside IV 24-inch Water Transmission Main, Phase 1 C - Segment 3 construction project provides for the installation of a 24-inch water main from Union Pacific Railroad to US Highway 287. The project was advertised for bid on August 27, 2025, and September 3, 2025, in the Fort Worth Star -Telegram. On October 2, 2025, the following bids were received: II Bidder Amount Contract Time JAcadia Services, LLC $6,393,696.00 365 Calendar Days IThalle Construction Company, Inc. $6,506,918.00 lConatser Construction TX, L.P. $7,474,936.00 1Belt Construction of Texas, LLC $8,432,676.00 I1Jackson Construction, Ltd. $8,559,387.00� In addition to the contract cost, $421,180.00 is required for project management, material testing and inspection and $191,811.00 is provided for project contingency. This project will have no impact on the Water Department's operating budget when completed. 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. 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. Funding is available in the Commercial Paper project within the W&S Rev Bonds Series 2023 Fund and the W&S Commercial Paper Fund for the purpose of funding of the Northside IV 24-inch Water Transmission Main, Phase 1 C project. Funding for the NS IV 24 WTM P1 C project are depicted below: Fund Existing Additional Project Total* Appropriations Appropriations W&S Rev Bonds Series 2024 — Fund 56022 W&S Rev Bonds Series 2023 — Fund 56021 Commercial Paper — Fund 56026 (Project Total $1,918,750.00 $0.00 $1,918,750.00 $0.00 $5,400,000.00 $5,400,000.00 $0.00 $1,606,687.00 $1,606,687.00 $1,918,750.001 $7,006,687.001$8,925,437.00 *Numbers rounded for presentation purposes. The project is located in COUNCIL DISTRICT CD 10 and ETJ. FISCAL INFORMATION / CERTIFICATION: The Director of Finance certifies that funds are available in the Commercial Paper project within the W&S Rev Bonds Series 2023 and 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 Rev Bonds Series 2023 and the Commercial Paper Funds for the NS IV 24 WTM P1 C project to support the above recommendations and execution of the contract. Prior to an expenditure being incurred, the Water Department has the responsibility of verifying 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