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Home My WebLink About6255-02-2026 - City Council - ResolutionA Resolution NO. 6255-02-2026 STATEMENT EXPRESSING OFFICIAL INTENT TO REIMBURSE EXPENDITURES WITH PROCEEDS OF FUTURE DEBT FOR THE FORT WORTH CENTRAL CITY WATER AND SEWER RELOCATIONS PROJECT 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 and the Tarrant Regional Water District ("TRWD") are coordinating on the Army Corps of Engineers' Central City Flood Control Project, with the City advancing costs for certain ancillary subprojects such as the relocation of existing water and sewer infrastructure and TRWD reimbursing such costs in annual installments correlating to costs of work within that year; and WHEREAS, the City wishes to retain the ability to debt -finance costs of these subprojects to the extent they are debt -eligible and not otherwise reimbursed by TRWD; and WHEREAS, the City expects to pay expenditures from available funds in connection with the design, planning, acquisition and construction for the FWCC Water and Sewer Relocations Project (the "Project") prior to the issuance of obligations by the City that may finance some or all of the costs of the Project; and WHEREAS, the City finds, considers, and declares that the reimbursement of the City from proceeds of obligation 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 $1,250,000.00 for the purpose of paying eligible costs, including some or all of 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 loth day of February 2026. ATTEST: ')�� -&:x=, �" By. Jannette S.Goodall, City Secretary a4*ORr �y�adJ� rat 0000000000 OO Y �00 J1�d 0�° o d �0 ova °0 00 �� * °0000000 c FORT WORTH << Back Export Detail Data Expand All Collapse All 104484 FWCC Water & Sewer Relocations 56002 W&S Capital Projects 4371010 Intrgv Rev - FWEDC 4371030 Intrgv Rev - TRV << Back FSCM 92 Production Page 1 of 2 GL0019-07 - Project Budget Summary RunTime: 12/19/2025 09:44 AM $28.017.620.49 J28.01T620.49 $0.00 $0.00 $0.00 $0.00 $28,017.620.49 $28,017,620.49 $0.00 Total Revenue: $28,017,620.49 $28,017,620.49 $0.00 100.00 0.00 100.00 100.00 FORT WORTH << Back New Capital Project Funds 56002 W&S Capital Projects 0600430 Water Dept Public Utility 0700430 Wstwater Dept Public Utility 56022 W&S Rev Bonds Series 2024 0600430 Water Dept Public Utility 0700430 Wstwater Dept Public Utility 56023 W&S Rev Bonds Series 2025 0600430 Water Dept Public Utility 0700430 Wstwater Dept Public Utility 56026 W&S Commercial Paper 0600430 Water Dept Public Utility 0700430 Wstwater Dept Public Utility Project 104484 << Back FSCM 92 Production Page 2 of 2 GL0019-07 - Project Budget Summary RunTime: 12/19/2025 09:44 AM $55,378,668.26 $0.00 $7,235,330.31 $30,507,264.91 $17,636,073.04 68.15 $28.017.620.49 $0.00 $0.00 $11.895.620.23. $16,122,000.26 42.46 $16,122,000.26 $0.00 $0.00 $0.00 $16,122,000.26 0.00 $11,895,620.23 $0.00 $0.00 311895.620.2 $0.00 100.00 $0.00 $0.00 $0.00 $0.00 $0.00 0.00 $0.00 $0.00 $0.00 $0.00 $0.00 0.00 $0.00 $0.00 $0.00 $0.00 $0.00 0.00 $0.00 $0.00 $0.00 $0.00 $0.00 0.00 $0.00 $0.00 $0.00 $0.00 $0.00 0.00 $0.00 $0.00 $0.00 $0.00 $0.00 0.00 $27,361,047.77 $0.00 $7,235,330.31 $18,611,644.68 $1,514,072.78 94.47 $933,386.05 $0.00 $123,328.66 $473,351.97 $336,705.42 63.93 $26,427,661.72 $0.00 $7,112,001.65 $18,138,292.71 $1,177,367.36 95.54 Total Expenditure : $55,378,668.26 $0.00 $7,235,330.31 $30,507,264.91 $17,636,073.04 68.15 MAYOR AND COUNCIL COMMUNICATION MAP _ OFWgCW$ RA1-KHA sr ``77L . w a ,@r .� +%i",*�1, I. 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Ar Lq Lu POSED 54-INCH & (n 12-INCH WATER LINE NE RELOCATION M p A A YJ 1pG FORTWORTH.ri, scoq:r, 9 I F: L FAH RAMP V 'C3 F444 I c City of Fort Worth, Texas Mayor and Council Communication DATE: 02/10/26 M&C FILE NUMBER: M&C 26-0112 LOG NAME: 60FWCCWSSRAl-KHA SUBJECT (CD 2, CD 8, CD 9 and CD 11) Authorize Execution of Amendment No. 1 in the Amount of $1,948,665.00 to an Engineering Agreement with Kimley-Horn and Associates, Inc. for the Fort Worth Central City Water and Sanitary Sewer Relocations Project, Adopt a Resolution Expressing Official Intent to Reimburse Expenditures with Proceeds of Future Debt, Adopt Appropriation Ordinances to Effect a Portion of Water's Contribution to the Fiscal Years 2026-2030 Capital Improvement Program and Amend Transportation and Public Works Department's Fiscal Years 2026-2030 Capital Improvement Program RECOMMENDATION: It is recommended that the City Council: 1. Authorize execution of Amendment No. 1 to City Secretary Contract No. 61230 an Engineering Agreement with Kimley-Horn and Associates, Inc., in the amount of $1,948,665.00 for construction support services for the Fort Worth Central City Water and Sanitary Sewer Relocations project for a revised contract amount of $4,396,765.00; 2. Adopt the attached resolution expressing official intent to reimburse expenditures with proceeds from future debt and/or annual payments from the Tarrant Regional Water District for the Fort Worth Central City Water and Sewer Relocations project; 3. Adopt the attached appropriation ordinance adjusting appropriations in the Water & Sewer Commercial Paper Fund by increasing appropriations in the Fort Worth Central City Water and Sanitary Sewer Relocations (City Project No. 104484) in the amount of $1,059,892.00 and decreasing appropriations in the Water & Sewer Commercial Paper project (City Project No. UCMLPR) by the same amount; 4. Adopt the attached appropriation ordinance adjusting estimated receipts and appropriations in the General Capital Projects Fund by increasing estimated receipts and appropriations in Fort Worth Central City Water and Sanitary Sewer Relocations project (City Project No. 104484) in the amount of $628,500.00 and decreasing estimated receipts and appropriations in the Unspecified All -Funds project (City Project No. UNSPEC) by the same amount; 5. Adopt the attached appropriation ordinance adjusting estimated receipts and appropriations in the Water & Sewer Revenue Bonds Series 2023 Fund by increasing estimated receipts and appropriations in the Fort Worth Central City Water and Sanitary Sewer Relocations project (City Project No. 104484) in the amount of $430,273.00, and decreasing estimate receipts and appropriations in the Commercial Paper project (City Project No. UCMLPR) by the same amount and to effect a portion of Water's contribution to the Fiscal Year's 2026-2030 Capital Improvement Program; and 6. Amend the Transportation & Public Works Contribution to the Fiscal Years 2026-2030 Capital Improvement Program. DISCUSSION: On March 26, 2024, Mayor and Council Communication (M&C) 24-0256, the City Council authorized an engineering agreement in the amount of $2,448,100.00 with Kimley-Horn and Associates, Inc., (City Secretary Contract No. 61230) for the Fort Worth Central City Water and Sanitary Sewer Relocations project. Amendment No. 1 provides for the following: Water line relocations on Beach Street North of Trinity River to avoid conflicts with the United States Army Corps of Engineers (USACE) Rockwood Park and Gateway Oxbow Ecosystem Restoration project; Sanitary Sewer Relocations to avoid conflicts with USACE South Bypass Channel project near Henderson Street and the West Fork Trinity River area north of downtown; water and sanitary sewer relocations associated with the to avoid conflicts with USACE University Drive project from Jacksboro Highway to Rockwood Park Drive north of the West Fork Trinity River; design of a 5 foot sidewalk on Rockwood Lane from University Drive to Rockwood Park and design of traffic signal foundations and conduits at the N. University Drive/Rockwood Lane and N. University Drive/Rockwood Park Drive intersections; additional project management and design for the access road to provide access for vehicular traffic during the closure of University Drive during the USACE project. The Water Department is responsible for the water and sanitary sewer relocations while the Transportation and Public Works Department is responsible for the access road. In addition to the amendment, $120,000.00 (Water: $70,000.00; Sewer: $50,000.00) is provided for additional staff project costs and $50,000.00 (TPW) is provided for real property acquisition costs. This project is anticipated to be repaid from a series of annual reimbursements from the Tarrant Regional Water District (TRWD) as part of the Fort Worth Central City (FWCC) Water & Sewer Relocations project. In the event any bond -eligible costs are not fully reimbursed by TRWD, those costs would be anticipated to be included in a future revenue bond issue for the Water & Sewer Fund. 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 the debt is issued. Once payment is received from TRWD and/or debt associated with the unreimbursed portions of this project is sold, those funds will be used to reimburse the Water and Sewer portfolio and the City's portfolio in accordance with the attached reimbursement resolution. Under federal law, debt must be issued within approximately three years in order for these expenses to be reimbursable. Adoption of the attached resolution does not obligate the City to sell bonds but preserves the ability of the City to reimburse itself from tax-exempt bond proceeds. 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 budgeted in the W&S Commercial Paper project within the W&S Commercial Paper Fund, in the Contract Street Maintenance Programmable project within the General Capital Projects Fund, and in the Commercial Paper project within the W&S Revenue Bonds Series 2023 Fund for the purpose of funding the Fort Worth Central City Water and Sanitary Sewer Relocations project. Out of the $1,948,665.00 amount, $1,539,392.00 (Water: $507,189.00; Sewer $552,703.00; TPW: $479,500.00) is considered Trinity River Vision (TRV) related work, which is eligible for funding from Tax Increment Reinvestment Zone No. 9 (TRVA TIF) pursuant to the TRVA Project Plan. Having met its $26.6 million commitment to the TRV Project, the City will be reimbursed the amount of $1,059,892.00 for the water and sanitary sewer relocations by the Tarrant Regional Water District (TRWD), in accordance with the provisions of the executed Intedocal Agreement between the City and the TRWD (City Secretary Contract No. 43425, as amended). The FWCC Program Manager in the FW Lab Department will be responsible for collecting the full reimbursement from TRWD at the end of each fiscal year. Funding for the Fort Worth Central City Water and Sanitary Sewer Relocations are depicted below: Fund Existing Appropriations; Additional Project Total* Appropriations; W&S Commercial Paper —Fund $27,361,047.77 $1,059,892.00$28,420,939.771 56026 i I W&S Rev Bonds i Series 2023 — $0.00 Fund 56021 $430,273.00 $430,273.00 I W&S Capital Projects — Fund $28,017,620.49, $0.00 $28,017,620.49 i56002 I � General Capital Projects — Fund $0.00 $628,500.00 $628,500.00 '30100 Project Total $55,378,668.26 $2,118,665.00' $57,497,333.26 i *Numbers rounded for presentation purposes. The project is located in COUNCIL DISTRICT 2 AND 9. FISCAL INFORMATION / CERTIFICATION: The Director of Finance certifies that funds are available in the Commercial Paper project within the W&S Commercial Paper Fund, and the Commercial Paper project within the W&S Rev Bonds Series 2023 Fund, and the Contract Street Maintenance programmable project within the General Capital Projects 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 and the W&S Rev Bonds Series 2023 Fund for the FWCC Water & Sewer Relocations project. Prior to an expenditure being incurred, the Water and the Transportation and Public Works Departments have 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: Bijay Upreti 8909