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Home My WebLink About6190-11-2025 - City Council - ResolutionA Resolution NO. 6190-11-2025 STATEMENT EXPRESSING OFFICIAL INTENT TO REIMBURSE EXPENDITURES WITH PROCEEDS OF FUTURE DEBT FOR THE NORTHSIDE IV 24 INCH WATER TRANSMISSION MAIN PAHSE 1C 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 24 Inch Water Transmission Main Project (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 $1,930,000.00 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. to this Statement reimbursed is paid. The foregoing notwithstanding, no obligation will be issued pursuant nore than three years after the date any expenditure which is to be Adopted this Wh day of November 2025. ATTEST: By: Jannette S. Goodall, City Secretary Fort Worth BLUE MOUND RD PARKR I D G E TRL PLAIN S T R L B U S H W Y 2 8 7 PRAIRIE RIDGE TRL PURPLE SAGE TRL C R O F O O T T R L N W H I G H W A Y 2 8 7 S A G I N A W B L V D B L U E P R A I R I E T R L COMANCHE MOON DR TINSLEY LN B AT E S A S T O N R D MAYOR AND COUNCIL COMMUNICATION MAP60NSIV24INWTMPICSEG3-ACADIAp FORT WORTH ETJ CRUMB WATER TOWER PROPOSED 24-IN NSIV (BY OTHERS) PROPOSED 24-IN WATER LINE City of Fort Worth, Texas Mayor and Council Communication DATE: 11/11/25 M&C FILE NUMBER: M&C 25-1055 LOG NAME: 60NSIV24INWTMPICSEG3-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 1C - 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 1C - 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 1C 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 1C - 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: Bidder Amount Contract Time Acadia Services, LLC $6,393,696.00 365 Calendar Days Thalle Construction Company, Inc.$6,506,918.00 Conatser Construction TX, L.P.$7,474,936.00 Belt Construction of Texas, LLC $8,432,676.00 Jackson 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 1C project. Funding for the NS IV 24 WTM P1C project are depicted below: Fund Existing Appropriations Additional Appropriations Project Total* W&S Rev Bonds Series 2024 – Fund 56022 $1,918,750.00 $0.00 $1,918,750.00 W&S Rev Bonds Series 2023 – Fund 56021 $0.00 $5,400,000.00 $5,400,000.00 Commercial Paper – Fund 56026 $0.00 $1,606,687.00 $1,606,687.00 Project Total $1,918,750.00 $7,006,687.00 $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 P1C 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 City Manager's Office by: Jesica McEachern 5804 Originating Business Unit Head:Chris Harder 5020 Additional Information Contact:Preeti KC 5467 Expedited