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HomeMy WebLinkAbout27593-04-2025 - City Council - OrdinanceOrdinance No. 27593-04-2025 AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE DEVELOPER CONTRIBUTION FUND, IN THE AMOUNT OF $765,000.00, FROM FUTURE REVENUES OF DEVELOPER CASH CONTRIBUTIONS WITHIN LOCAL DEVELOPMENT COOPORATION, FOR THE PURPOSE OF FUNDING THE SOUTHEAST DOWNTOWN FORT WORTH PROJECT (CITY PROJECT NO. 103807); 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 2024-2025 in the Budget of the City Manager, there shall also be increased estimated receipts and appropriations in the Developer Contribution Fund in the amount of $765,000.00, from future revenues within developer cash contributions, for the purpose of funding the Southeast Downtown Fort Worth project (City Project No. 103 807). 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 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 27107-09-2024 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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: CITY SECRETARY Douglas Black (May 16, 2025 16:46 CDT) Jannette S. Goodall Assistant City Attorney City Secretary D, r% 00 O°°°r *'off 0 ode �o 004d ADOPTED AND EFFECTIVE: April 22, 2025 (� 0 0 2 D ° ° °° �d�0000 0000 * ♦`d d � *° ��XAs��p RESOLUTION NO. FWLDC-2025-03 FORT WORTH LOCAL DEVELOPMENT CORPORATION RESOLUTION OF THE BOARD OF TRUSTEES Rescinding Fort Worth LDC Resolution FWLDC-2024-07 and Authorizing Providing $765,000.00 to the City of Fort Worth to Support the Engagement of AECOM to Provide Technical Support for Southeast Downtown Projects, Including Texas A&M Fort Worth Campus and the Fort Worth Convention Center WHEREAS, the Fort Worth Local Development Corporation ("Corporation") was created in 1987 to assist the City of Fort Worth (the "City") with, among other things, the creation of jobs and other economic development activities of the City; WHEREAS, a number of exciting opportunities are simultaneously underway in the southeastern corner of Downtown Fort Worth that have the potential to reshape this sector of the City and have a transformative effect on the future of the City as a whole; WHEREAS, the development of a new Texas A&M Fort Worth campus, the redevelopment and expansion of the Fort Worth Convention Center, the development of one or more convention hotel projects, the creation of a possible high-speed rail hub, and the development and redevelopment of multiple underutilized tracts of land (collectively, the "Southeast Downtown Projects") will serve as transformational investments in downtown; WHEREAS, supporting these and other projects in Southeast Downtown aligns with purposes for which the Corporation was created; WHEREAS, in order to optimize the Southeast Downtown Projects and help ensure that the Southeast Downtown Projects properly coordinated and sequenced, it is advisable to enlist the assistance of qualified professionals to provide planning, technical, and project development assistance; WHEREAS, the Corporation currently enjoys a healthy available fund balance; WHEREAS, the City of Fort Worth has an on -going agreement with AECOM, a recognized leader in the field of logistics and project planning; WHEREAS, AECOM is the lead consultant for the City's Access Butler Place and Connecting the Core Transportation Studies; WHEREAS, it is recommended that the Corporation provide $765,000 from its available, unencumbered fund balance to the City for purposes of engaging AECOM to provide technical and planning assistance for the Southeast Downtown Projects; and —,rr_,AX�m 'T I Resolution of the Fort Worth Local Development Corporation Page I of 2 WHEREAS, technical issues exist concerning a previously adopted resolution supporting this project, which merit rescinding and replacing the prior resolution. NOW, THEREFORE, BE IT RESOLVED, THAT: Resolution No. FWLDC-2024-07 is hereby rescinded and is of no further force and effect. 2. The Corporation administrative staff is authorized to provide $765,000.00 to the City of Fort Worth to be used for purposes of engaging AECOM to provide technical, planning, and project development assistance for the Southeast Downtown Projects and to execute a funding or other agreement with the City, if necessary. Adopted this February 25, 2025. By: Gyna M. Bi ns — President Attest: By?Jannette S. Goodall, Secretary Resolution of the Fort Worth Local Development Corporation Page 2 of 2 Mayor & Council Map South East Downtown Project Support CD #9, 11 • Project Locations Council Districts 9 - Elizabeth M. Beck 11- Jeanette Martinez ` �o - , 9 Elizabeth' �r3 `; MBeck� u�i4 ir-r--�r r , , 1 Convention Center r` 2 Omni Hotel . 3 Sheraton Hotel 4 Texas A&M _�...�-ate Data Source: CFW GIS, NearMap I Map generated January 2025 0 410 820 TPW Business Support Services ■ Copyright © 2024 City of Fort Worth. Unauthorized reproduction is a violation of applicable laws. This data is to be use for graphical representation only. The accuracy Feet is not to be taken/used as data produced for engineering purposes or by a registered professional land surveyor. The City of Fort Worth assumes no responsibility for the accuracy of said data. City of Fort Worth, Texas Mayor and Council Communication DATE: 04/22/25 M&C FILE NUMBER: M&C 25-0374 LOG NAME: 20SOUTHEAST DOWNTOWN PROJECT DEVELOPMENT SUPPORT SUBJECT (CD 9 and CD 11) Authorize Acceptance of a Donation from the Fort Worth Local Development Corporation in the Amount of $765,000.00, Authorize Execution of a Professional Services Agreement with AECOM Technical Services, Inc. in the Amount of $940,000.00 for the Southeast Downtown Fort Worth Project Development Support, Authorize Execution of an Interlocal Agreement with the City of Arlington in an Amount Up to $183,750.00 for a High Speed Rail Economic Impact Analysis, Adopt Appropriation Ordinance, and Amend the Fiscal Years 2025-2029 Capital Improvement Program :7 X0191 iv, I ntak 7_11 flelkA It is recommended that the City Council: 1. Authorize Acceptance of a Donation in the amount of $765,000.00 from the Fort Worth Local Development Corporation for the Southeast Downtown Fort Worth Project; 2. Authorize Execution of a Professional Services Agreement with AECOM Technical Services, Inc. in the Amount of $940,000.00, for the Southeast Downtown Project Development Support; 3. Authorize Execution of an Interlocal Agreement with the City of Arlington in an Amount Up to $183,750.00 for inclusion with the High -Speed Rail Economic Impact Analysis; 4. Adopt an appropriation ordinance increasing estimated receipts and appropriations in the Developer Contribution Fund, in the amount of $765,000.00, from future revenues within Developer Cash Contributions, for the purpose of funding the Southeast Downtown Project Development Support (City Project No. 103807); and 5. Amend the Fiscal Years 2025-2029 Capital Improvement Program. DISCUSSION: The purpose of this Mayor and Council Communication (M&C) is to accept a contribution from the Local Development Corporation and authorize execution of an agreement with AECOM Technical Services, Inc. (AECOM) in the amount of $765,000.00 for Southeast Downtown Project Support and to authorize execution of an interlocal agreement with the City of Arlington for a joint high-speed rail economic impact analysis. Southeast Downtown Project Development Support On August 8, 2023, AECOM was selected for the Access Butler Place Plan, which focuses on increasing the access points to Bulter Place from downtown and surrounding neighborhoods (M&C 23-0637, CSO 61088). On October 15, 2024, the Connecting the Core amendment was executed to expand the study of the transportation infrastructure needs of Downtown Fort Worth and surrounding areas (M&C 24 -0919, CSO 61088-A1). On February 25, 2025, the Local Development Corporation (LDC) approved a resolution that authorized the transfer of $765,000.00 from the LDC to the City for the purposes of engaging AECOM for work on the Southeast Downtown Project Support project (Resolution FWLDC-2025-03). Projects like Texas A&M expansion, the Fort Worth Convention Center expansion, Bulter Place redevelopment, and Fort Worth to Houston High - Speed Rail will all have a profound impact on Downtown Fort Worth. This includes the City of Fort Worth portion of the High -Speed Rail Economic Impact Analysis and will coordinate the required infrastructure for the Southeast Downtown area. AECOM will work with the City of Fort Worth and developers to determine future parking needs, conduct fiscal analysis, provide funding schemes, provide grant writing support, and complete pre - engineering. Regional High -Speed Rail Economic Development Analysis The City of Dallas is advancing its own economic analysis for high-speed rail, whereas the cities of Fort Worth and Arlington have agreed to partner in a joint study. The study scope analyzes the economic impact of constructing high-speed rail and its impact on property owners, local businesses, and other factors. Fort Worth and Arlington will pay for their portions of the joint study. Once approved by the City of Arlington City Council and the Interlocal Agreement is executed, the City of Arlington will pay to the City of Fort Worth $183,750.00 which will be appropriated to the Connecting the Core project through an M&C that will be submitted at a later date. 5% of the agreed upon funding will be for indirect costs for the City of Fort Worth staff review. Appropriations for the Southeast Downtown project support are below. Fund Number Fund Name M&C Amount 30104 Developer Contribution (LDC) This M&C $765,000.00 30106 Intergovernmental Contribution Fund Future M&C $183,750.00 Project Total $948,750.00 The Transportation and Public Works Department is responsible for the billing and collection of these funds. The Business Equity Division placed a 12.60% business equity goal on this solicitation/contract. AECOM Technical Services, Inc., will exceed the goal at 13.66%, meeting the City's Business Equity Ordinance. Any changes in subcontractors will be reviewed by the Business Equity Division. This is a donation from the Local Development Corporation and no match or other financial commitment is required as part of this scope. The interlocal agreement with the City of Arlington is set for reimbursement. This is located in COUNCIL DISTRICTS 9, and 11. A Form 1295 is not required because: This contract will be with a publicly -traded business entity or a wholly -owned subsidiary of a publicly -traded business entity: AECOM Technical Services Inc. IdF-'itT1Ml►1��7:7i'i/_��[�7►�L�3�:��IdCtL��[�7►A 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 Developer Contribution Fund within ARPA Butler Place Access-Dev P project. The Transportation and Public Works Department (and Financial Management Services) is responsible for the collection and deposit of funds. Prior to any expense being incurred, the Transportation and Public Works Department has the responsibility to validate the availability of funds. Submitted for Citv Manaaer's Office bv: Jesica McEachern 5804 Oriainatina Business Unit Head: Lauren Prieur 6035 Additional Information Contact: Monty Hall 8662 Kelly Porter 7259 Expedited