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Home My WebLink About28102-11-20258 - City Council - OrdinanceOrdinance No. 28102-11-2025 AN ORDINANCE INCREASING APPROPRIATIONS IN THE 2022 BOND PROGRAM FUND IN THE AMOUNT UP TO $14,210,000.00, FROM PROCEEDS OF THE GENERAL PURPOSE BONDS, SERIES 2025, FOR EXPENDITURES ASSOCIATED WITH 2O22 BOND PROJECTS; 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 2026 in the Budget of the City Manager, there shall also be the following changes in the 2022 Bond Program Fund: an increase in appropriations in the amount up to $14,210,000.00, from proceeds of the General Purpose Bonds, Series 2025, for expenditures associated with 2022 bond projects. 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 orjudgment 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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: 7 Denis C. McElroy, Assistant City Attorney ADOPTED AND EFFECTIVE: Novaembaer 11, 2025 CITY SECRETARY Jannette S. Goodall City Secretary C), 000000000 to o° 0 ~o o �V° a 0 0 OOoo00 .d an *xAS��p A B C EXHIBIT A D E F G H 1 K L PPR Streets dnI Mobility Infrastructure Improvements 369,218,300 238,364,944 (8,534,651) 68,774,000 60,239,349 56,404,007 14,210,000 Street Construction/Reconst11c ion/Rehabilitation Projects 263,663,000 STATICS j 101014 Avondale Haslet Rna 17,020,WO Static 17,020,OW I104113 Bailey Boswell 29,WO, WO Static 11,450,OW 17,550,hm 104152 Bailev Boswell(Des &R1aht-of-wav A,aui,ln I 1.000, 000 Static 1,R.R. I103278 Bonds Ranch Road a nd Mrle Ro bertson Road,West 16,400,WO Static 16,4W,P. ]101012 Cromwell Marine Creek R., 10,970, WO Static 1D97DOOD 11033W Heritage Trace Pk., lfDesien&Right-of-wav Awmsrtmn7 3.200, WO StSt 3, 2WOW ]103276 Keller Hicks Road 9,2l,,WO Static 9,2W,OW 1103272 Meacharn Blvd -Phase 2(D-A, Only) 868,W0 Static 868,000 1103281 Park V I stz Blvd 4,950,WO Static 4,950,OW R_a_YWhne Road South 23,305, WO Static 11,652, SOD 11,b52,5p0j _10_3_2_7_0_ ________ 1032R0 Tr,niri Rlvd-Phase2 ._______.___ 6.1SO,WO�tatic .___ 6, 150,OW ______________ ]10 11 WJ Boaz Road/West Half 12300tat ,WO Sic 6, 150,OW ClSII,Om 1104154 IW.RIev Robertson Road(Phase H 11,W0, WO Static S, SW,OW - S, SW,001 ]PB0019 Various Prmects Deteriomtin&Streets 81,1W WO Programmable 61,580,444 - 19,519,556 (104214 I East Lancaster Ave 10,WO, WO Stator 5,000,OOD ( 5,wo'.0 1104222 (East Oerry St -35Wto Mart,n Wther K,j�QF.V MS-28711 �1-20to5ycamo 2,500,W0 Static 1, 2M OW 1,250, 000 1 104221 IP1,1,1 Ave re School Rd) 2,500,000 Static 1,250,OW 1291 WJ 103171 IEVermzn Parkwav Connector -Grade Separated Railroad Crossing 22,200, WO Static 11,1.0. - 111W,W0( Mobility Improvements 101,900,000 PB's ]PBOOI Sidewalks 16,WO, WO Programmable S,OW,OW - S,OIX],OIXI 3,OW,000� 3,WO,WO 1PB0031 B-111 Fac,I,ti es 6.0,0 Pogrammzble 0000 1,0.0. WOW 25, 1.SW.WO 1WO W0 (PBO" Bridge Rehabilitation 10,.0,.0 Programrnable 10,OW,OW ]STATICS Intersec[,ons STATICS 1103304 JacksborolhehwavatW Nonh,&/N Umver,ty 1.700, WO Static ASP Ow - 8500IX1 3 I I103305 (.amp Bowie Blvdrid Bryant l rA n Rd 2,00 W0 Static 1,2W,000 - 1,21,UU I 103313 Camp Bowie Blvd at Horne St 4,.0,.0 Static 22W,OW - 12W, WO ]103311 m LVBlvdaLEuless South Ma,n SL 2.900, WO S-, 1,450,OW - 1, 4%- (103507 BryantI Rw, Rd@Oakmnunt Rlvd 1700W0 Static RSO,OW "'Z 1103306 Altamesa Blvd at WOod.Iv Dr. 1,9W WO Static 950,OW - 9E0,- 1 ]10331, 3 Hnlen St a V R,smPer Rd 2,800, WO S-1, 1,4W,OW 1, 4W, WO 1103308 Forest Hill Dr. at Royal Crestm.. 2,W0,.0 Static 1,OW,OW - 1,arJ,_ ]103310 E Bony St at Riverside Dr 25W- Static 1,250,OW - 1,2%- 1 1103314 Wz,Street -Downtown Signal Corridor-7,,g 1, 3,60O, WO Static 1,8.0. 1,BW,OW 000 I PB4 Rail mad Crossings 6.W0,.0 Programrnable 2,OW,OW - 2, 000,(p0 1.OW.OW I 1,W0,W0 IP BII(XIS St et bghts 12(X)O, tXlu Pn,gmmmahle 12.011,0tX1 _ PBDW6 Traffic Signals IS,WO,WO Programrnable 6,OW,OW 5,664, 493 335,507 IPBOW7 Neighborhood/School Safely 6.-W0 Programmable 2OW,OW - 2,OIXl,(KKl 1.OW.OWi 1,WO.WO ]P Rn022 Vision Prog rEJR,nandc Prngmmmble 2,SW,nW 2SWOo IPBDW ct n PbiAtnaJed Design 3,655,300 Progrmable eSaety( (PuArt Design 1 3,655,300 [ 1 224,OW 1 1 1 1,5,3w r 451,SO7 1 2,974,492 Park and Recreation Improvements 123,955,500 a 33,581,921 305,000 r11,270,500 - 11 500 r 78,798,079 r Drainage, Erosion Repair and Control, and Dam Restoration 7,150,000 PBOO23 IOra,nage,Emsmn Repair a rid Control, a rid Dam Restoration ] [ 7,150,000(Programmable I 2,0W,OW( I 5,150,- Community Parks 18,000,000 l S. 104193 I Svca.-Park 2WO,W0 Static 266667 77%- 3I I104194 I -1,Grove Park 4WO z]z11498(gN3. 10 [4195 Echo Lake Park WO Static 22�,OW GWOOJ 4.1'S.(IfYJ� Troll Gap Connections 5,500,000 PRO- (Trail Gap Conne¢ions ( [ ( S,SOO,WO [Programmable I 20600641 ( 471 Alt 2964454j Neighborhood Parks 5,100,000 [PB0024 I Neighborhood Parks ( { ( 5,100.01Programmzble 1 1W,0W 1 ( 1, 5425W [ 3p5],SW Fort Worth Zoo - Utility Infrastructure 3,500,000 PB0011 ( Fort 1,11, 10- Phi lit, lnf-1-mre ' � ' E 3,SWO IPrugmm,nable 1 3,375,O ( � � - � I 125,000g Community Centers (PMD) 29,075,000 104196 F,re Station Commumri Center ( 11575,W0 Static 1,24],4821 I 252,51E I 10,075,W0 1,>3855 Stop Six Huh Comm a mri 1-- 17$OO,WOIStatiC 4, 190, 234� - 13,3W,766] Meadewbruek GeV Course 7,000,000 104201 I Meadowbm ok Golf Course ( [ ( 7,W0,.0[Static [ 750,OW( ( 6,25DOW1 - 3 Aquatic Facilities (PMD) 19,200,000 11968yOW 1103316 104302________l_ 5 _LS,x Aqua_op Fapclil,Lvment I ( 18100_W0 5_ahc I I --------------- ( 6132 W0 ____ _________ Fart Worth Botanic Gardens 7,000,000 IP00025 (Fort Worth Botanic Gardens I 7.W0WO {Programmable [ 20W,0W 1 1,OW,OW 1 4.OW.0m Fort Worth Water Gardens 6,500,000 IPB0026 IF- Worth Water 6z I 6.500 WOIPropramrnzble I 1,3W,0.1 Heritage and Paddrdensock Parks 13,500,000 PB0o27 IHd,ra a rid Paddock Parks ( f 13,Suo,WO=Programrnable ) 1,989,4741 I PubhcArt/Enhanced Dasign(FWPA) 2,430,500 IPBO013 IPubh[A,t/Enharced Design ( I 2.430,500 IPrugramrnable [ 310,0W1 1 1 305,OWI 1,815".] Public Library Improvements 12,505,200 1,681,709 - 712,500 712,500 10,110,991 - FarNorthwestLibrary 12,260,000 103980 _ __ _ jFarNorthwest bbr v I _ __ 2,260_W0-5tatic I 1,642, 7W 1 i 712,5W (_ _ _ 9,9M,791 __ Public Art E h d Design 245,200 1PB0n14 (PubhcArt Erh dD sign ( [ ( 245,200IP ogamrnable 1 39,oW1 I ( - I 2O62m] [ Police Northwest Patrol Division 18,600,000 101 919 IPUI,ce Northwest Patrol D,ws,on ( ( 18,W0, WOFStatic I 7,556,250) ( 9,443, 7%I 16W.- Fire Station 16 10,450,000 41185 IFre Stenonl6 I 10,450, WO(Static I 4,306,8501 - I 6,143,150 I Fire Station 37 9,500,000 104186 IFre StAhdh 37 1 9,500 WO IStatic I 2, 506, 2271 1 1 SoD,a,ol 6,493,13 Public Art/Enhanced Design 771,000 IPB001](Pohcel (PubhcArt/Enhanced I I Design 399,WOI 67,OW Natural Area and Open Space 15,000,000 11,871,099 3,128,901 3,128,901 Natural Area and Open Space 15,000,000 Pa0W1 (Open Spare 4ppnipn.rtmnS ( [ ( 1S,W0, WO IPInglaminal,le 1 11,871,,1991 ( t �, 128,901I e 560,000,000 560,000,000 560,000,000 a 300,000,000 r - , 85,600,000 a 85,600,000 a 160,190,000 a 14,210,000 [COLUMN H+I] City of Fort Worth, Texas Mayor and Council Communication DATE: 11/11/25 MSC FILE NUMBER: M&C 25-1022 LOG NAME: 032022GO BOND PROGRAM SERIES 2025 APPROPRIATION SUBJECT (ALL) Adopt Appropriation Ordinance Increasing Appropriations in the 2022 Bond Program Fund in the Amount Up to $14,210,000.00, for the Purpose of Funding Expenditures Associated with 2022 Bond Projects; and Amend the Fiscal Years 2026-2030 Capital Improvement Program (2022 Bond Program) RECOMMENDATION: It is recommended that the City Council: 1. Adopt the attached appropriation ordinance increasing appropriations in the 2022 Bond Program Fund, in the amount up to $14,210,000.00, from proceeds of the General Purpose Bonds, Series 2025, for expenditures associated with 2022 Bond Program projects; and 2. Amend the Fiscal Years 2026-2030 Capital Improvement Program. DISCUSSION: The purpose of this Mayor and Council Communication (M&C) is to appropriate the proceeds of the recent bond sale to allow projects to keep moving forward until the next bond sale in spring of 2026. Backaround In May of 2022, Fort Worth voters approved issuance of $560,000,000.00 in bonds across five propositions. Prior to 2014, the City would issue voter -authorized bonds in advance, which often resulted in large amounts of proceeds sitting idle in bank accounts for projects that were not yet ready to move forward — an approach that resulted in a more complicated arbitrage rebate process and the incurring of borrowing costs before bond dollars had been put to work. Beginning with the 2014 Bond Program, the City began a process of issuing bonds in arrears by (1) adopting an official reimbursement -intent statement, (2) utilizing available pooled cash balances to commence work, and (3) issuing the bonds in a series of annual installments with proceeds used to repay the interim funding source and provide a modicum of funding for the upcoming year's projects. Due to the size of the 2022 Bond Program, it was determined that pooled cash alone would be insufficient to sustain the in -arrears approach. In response, staff recommended and City Council approved an Extendable Commercial Paper (ECP) program (M&C 22-0607) as a flexible short- term liquidity facility, resulting in $300,000,000.00 of appropriation authority allocated among the five propositions (M&C 22-0599) and subsequently readjusted (M&C 22-0772 and M&C 22-0772R). The ECP Program extends sufficient liquidity and appropriation authority to the City as interim financing for bond projects, to be repaid with proceeds from subsequent long-term bond sales. The ECP authorization is structured as the greater of $300 million or the remaining authorized but unissued bond amount, ensuring continuous capacity to fund voter -approved projects. Since the ECP Program's implementation, the City has executed three bond sales totaling $357,290,000.00: General Purpose Bonds, Series 2023, authorized for sale on April 11, 2023 in a total amount of $85,600,000.00 (M&C 23-0252). The appropriation of proceeds was authorized by Mayor and Council Communication on August 08, 2023 (M&C 23-0611). General Purpose Bonds, Series 2024, authorized for sale on April 23, 2024 in a total amount of $160,190,000.00 (M&C 24-0313). The appropriation of proceeds was authorized by Mayor and Council Communication on May 14, 2024 (M&C 24-0438). General Purpose Bonds, Series 2025, authorized for sale on May 13, 2025 in an aggregate principal amount not to exceed $111,500,000.00 (M&C 25-0405). Of the Series 2025 proceeds, approximately $95,790,000.00 reimbursed the ECP Program for prior project expenditures and $14,210,000.00 remains available for appropriation. The action of this M&C is intended to appropriate $14,210,000.00 from proceeds of the General Purpose Bonds, Series 2025 and make necessary adjustments to maximize all available resources. With the completion of this appropriation, the City will have fully appropriated all funds authorized under the 2022 Bond Program, aligning ECP usage, long-term financing, and voter authorization. The following chart depicts how the funds from the previous and recent sale are being appropriated: Series 2023 Series 2024 Current Amount Revised ECP Series 2025 Unappropriated Purpose Authorized Appropriation Appropriation Appropriation Appropriation Balance (Bond) (Bond) (Bond) Streets and Mobility ��$369,218,300.00 ��$229,830,293.00 ��$68,774,000.00 $56,404,007.00 ��$14,21 0,000.00 $0.00 Parks and Recreation ��$123,955,500.00 $33,886,921.00 $11,270,500.00 $78,798,079.00 $0.00 $0.00 Public Library $12,505,200.00 $1,681,709.00 $712,500.00 $10,110,991.00 $0.00 $0.00 Public Safety $39,321,000.00 $19,601,077.00 $4,843,000.00 $14,876,923.00 $0.00 $0.00 Natural Area and Open Space $15,000,000.00 $15,000,000.00 $0.00 $0.00 $0.00 $0.00 TOTAL ��$560,000,000.00 ��$300'000'000.00 ��$85,600,000.00 ��$160,190,000.00 �$114,2110,000.00 $0.00 *Table above propositions A, B, C, and D exhibit slight variances in the M&C table from 13GENERAL PURPOSE BONDS SERIES 2025 (M&C 25-0405) due to the rounded number presented in the bond sale M&C. The following chart depicts the ECP Program reimbursement balance: ECP Program Current Remaining Purpose Allocation Series 2025 ECP Program (MSC 23-0611) Sale Reimbursement Balance $229,830,293.00 $(39,507,300.00) $190,322,993.00 Streets and Mobility Parks and Recreation $33,886,921.00 $(20,000,000.00) $13,886,921.00 Public Library $1,681,709.00 $(1,681,700.00) $9.00 Public Safety $19,601,077.00 $(19,601,000.00) $77.00 Natural Area and Open Space $15,000,000.00 $(15,000,000.00) $0.00 TOTAL $300,000,000.00 11 $(95,790,000.00) $204,210,000.00 The action in this M&C will amend the Fiscal Year 2026-2030 Capital Improvement Program as approved in connection with Ordinance 27979-09- 2025. Attached in Exhibit A are the projects and funding to support this appropriation. The 2022 Bond Projects are located in ALL COUNCIL DISTRICTS. 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 upon approval of the above recommendations and adoption of the attached appropriation ordinance, funds will be available in the 2022 Bond Program Fund for the specified 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 Manaaer's Office bv: Dianna Giordano 7783 Oriainatina Business Unit Head: Christianne Simmons 6222 Additional Information Contact: April Rose Escamilla 7371