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Home My WebLink About6250-01-2026 - City Council - ResolutionA Resolution NO. 6250-01-2026 STATEMENT EXPRESSING OFFICIAL INTENT TO REIMBURSE EXPENDITURES WITH PROCEEDS OF FUTURE DEBT FOR THE NORTHSIDE IV ELEVATED STORAGE TANK — 30 INCH WATER TRANSMISSION MAIN EXTENSION 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 IV Elevated Storage Tank — 30-inch Water Transmission Main Extension (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 $4,500,000.00 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 27th day of January 2026. ATTEST: By: Jannette S. Goodall, City Secretary MAYOR AND COUNCIL COMMUNICATION MAP 60NSIVEST30I NWTM EX T-WESTERN MC COUNTY,ROAD 540 NORTHSIDE IV ELEVATED STORAGE TANK UNDER CONSTRUCTION 00 _ a 'P090 A9 �s 10 l G2 � A FORT WORTH® MAIN EXTENSION PR�v PtE NORTHSTAR HALL NANCE LN BELLA Alpha Ranch VISTA Phase 4 ADDN i i r Renaissance TN D I RANCH iALPHA j W■QI� Cicf E Z).m U-1 C)I� F ■� ■ FUTURE FUTURE EAGLE PARKWAY COM(��A'�NjjjC((j��H�'jEj'RIA WAY ■ ;I I� ■ F tl AfInimr 10A-•.'.NDERA RANCH I c NORTH ■ I II �0 49 24 I ■ e �I SENDERA RANCH � 1I e City of Fort Worth, Texas Mayor and Council Communication DATE: 01/27/26 M&C FILE NUMBER: M&C 26-0079 LOG NAME: 60NSIVEST30INWTMEXT-WESTERNMC SUBJECT (CD 10 and Wise County) Authorize Execution of a Contract with Western Municipal Construction of Texas, LLC in the Amount of $3,378,260.00 for the Northside IV Elevated Storage Tank — 30 Inch Water Transmission Main Extension Project, Adopt Resolution Expressing Official Intent to Reimburse Expenditures from Proceeds of Future Debt Project and Adopt Appropriation Ordinance to Effect a Portion of Water's Contribution to Fiscal Years 2026-2030 Capital Improvement Program RECOMMENDATION: It is recommended that the City Council: 1. Authorize execution of a contract with Western Municipal Construction of Texas, LLC in the amount of $3,378,260.00 for the Northside IV Elevated Storage Tank — 30 inch Water Transmission Main Extension project; 2. Adopt the attached resolution expressing official intent to reimburse expenditures with proceeds of future enterprise fund debt for the Northside IV Elevated Storage Tank — 30 inch Water Transmission Main Extension project; and 3. Adopt the attached appropriation ordinance adjusting estimated appropriations in the Water & Sewer Commercial Paper Fund in the amount of $3,744,318.00 by increasing estimated appropriations in the Northside IV Elevated Storage Tank — 30 inch Water Transmission Main Extension project (City Project No. 106202) and decreasing estimated 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. DISCUSSION: This Mayor and Council Communication (M&C) is to authorize a contract with Western Municipal Construction of Texas, LLC in the amount of $3,378,260.00 for Northside IV Elevated Storage Tank — 30 inch Water Transmission Main Extension project. The proposed project will provide for the construction of a 30-inch water main extension to deliver water to the Northside IV Elevated Storage Tank that is being constructed by the Water Department at the southwest corner of the Alpha Ranch property. The tank will provide capacity and delivery reliability in the Northside IV service area. Construction of the project was advertised for bid on November 19, 2025, and November 26, 2025, in the Fort Worth Star -Telegram. On December 18, 2025, the following bids were received: Bidder Total Bid Contract Time Western Municipal Construction of Texas, $3378260.00 240 Calendar LLC* ,, Days Jackson Construction, Ltd. $3,414,710.00 Mountain Cascade of Texas, LLC $3,722,885.00 Acadia Services, LLC $3,887,225.00 IlConatser Construction TX, LP $3,919,970.00 IThalle Construction Co. Inc. $4,576,415.00 *No bidder met the City's small business goal. Staff recommends award of the contract to Western Municipal Construction of Texas, LLC, who submitted the lowest responsible bid. In addition to the contract amount, $264,710.00 (Water) is required for project management, material testing, and inspection and $101,348.00 (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 Water Department for the purpose of funding the NSIVEST-30IN WTM EXT project. Funding for the NSIVEST-30IN WTM EXT project depicted below: Fund Existing Additional Project Total* Appropriations Appropriations W&S Commercial Paper— Fund $323,700.00 $3,744,318.00 $4,068,018.00 56026 Project Total $323,700.00 $3,744,318.00 $4,068,018.00 *Numbers rounded for presentation purposes. The project is located in COUNCIL DISTRICT 10 and Wise County. FISCAL INFORMATION / CERTIFICATION: The Director of Finance certifies that funds are currently 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 NSIVEST — 30IN WTM EXT project to support the award of the agreement. 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 Bijay Upreti 8909