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HomeMy WebLinkAbout6275-03-2026 - City Council - Resolution (2)A Resolution NO.6275-03-2026 STATEMENT EXPRESSING OFFICIAL INTENT TO REIMBURSE EXPENDITURES WITH PROCEEDS OF FUTURE DEBT FOR THE BONDS RANCH LIFT STATION, FORCE MAIN AND GRAVITY MAIN 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 expects to pay expenditures in connection with the design, planning, acquisition and construction for the Bonds Ranch Lift Station, Force Main and Gravity 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: 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 $17,475,000.00 for the purpose of paying the aggregate costs of the Project. 2. All costs to be reimbursed pursuant hereto will be capital expenditures. No obligations will be issued by the City in furtherance of this Statement after a date which is later than 18 months after the later of (1) the date the expenditures are paid or (2) the date on which the property, with respect to which such expenditures were made, is placed in service. 3. The foregoing notwithstanding, no obligation will be issued pursuant to this Statement more than three years after the date any expenditure which is to be reimbursed is paid. 4. This resolution shall be effective from and after its passage by the City Council. Adopted this 1 Oth day of March 2026. ATTEST: By: Janne a S. Goodall, City Secretary a000000 °0 0 �1 0 !eQ o 4 C9 g o � o ° 0 000000000 o c Fort Worth L I V E O A K L N LE C H NE R RD BOAT C L U B R D TEXAS ELECTRIC RD M O R R I S D I D O N E W A R K R D DO S IE R CV DICK S O N R D L O S R I O S D R SA N SIM E ON L N W BONDS RAN CH RD W ESTFO R K T R L 0$<25 $1' &281&,/ &20081,&$7,21 0$3 %5/6F0*03/WW*$1'F1,AO LA FRONTERA LIFT STATION BY OTHERS FUTURE GRAVITY SEWER MAIN FUTURE FORCE MAIN PROPOSED BONDS RANCH LIFT STATION City of Fort Worth, Texas Mayor and Council Communication DATE: 03/10/26 M&C FILE NUMBER: M&C 26-0183 LOG NAME: 60BRLSFMGMP1-CLWWGANDFNIA2 SUBJECT (CD 7 and ETJ) Authorize Execution of a Contract with CLW Water Group, LLC in the Amount of $12,992,000.00 for Construction of the Bonds Ranch Lift Station, Force Main and Gravity Main Project Part 1, Authorize Execution of Amendment No. 2, in the Amount of $520,000.00, to an Engineering Agreement with Freese and Nichols, Inc. for the Bonds Ranch Lift Station, Force Main and Gravity Main 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 CLW Water Group, LLC in the amount of $12,992,000.00 for construction of the Bonds Ranch Lift Station, Force Main and Gravity Main project Part 1; 2. Authorize execution of Amendment No. 2 to City Secretary Contract No. 59868, an Engineering Agreement with Freese and Nichols, Inc., in the amount of $520,000.00, for construction support services for the Bonds Ranch Lift Station, Force Main and Gravity Main project for a revised contract amount of $2,672,892.00; 3. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the Sewer Impact Fee Fund in the amount of $2,428,721.00, from available Wholesale and Retail Impact Fees, for the purpose of transferring funds from the Water/Wastewater Wholesale Impact Fees and Water/Wastewater Retail Impact Fees projects (City Project Nos. B20004 and B20005) to the Bonds Ranch Lift Station, Force Main and Gravity Main project (City Project No. 104490); 4. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the Sewer Impact Fee Fund in the amount of $2,428,721.00 transferred from the Water Impact Fee Fund to the Bonds Ranch Lift Station, Force Main and Gravity Main project (City Project No. 104490); 5. Adopt the attached Resolution expressing official intent to reimburse expenditures with proceeds from future debt for the Bonds Ranch Lift Station, Force Main and Gravity Main project; and 6. Adopt the attached appropriation ordinance adjusting appropriations in the Water and Sewer Commercial Paper Fund by increasing appropriations in the Bonds Ranch Lift Station, Force Main and Gravity Main project (City Project No. 104490) in the amount of $11,769,632.00 and decreasing appropriations in the W&S 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 construction contract with CLW Water Group, LLC, authorize an amendment to an Engineering Agreement with Freese and Nichols, Inc., adopt a resolution expressing official intent to reimburse expenditures from future debt, and appropriate funding for Bonds Ranch Lift Station, Force Main and Gravity Main project. On June 27, 2023, Mayor and Council Communication (M&C) 23-0544, the City Council authorized an engineering agreement in the amount of $1,143,312.00 with Freese and Nichols, Inc., (City Secretary Contract No. 59868) for the Bonds Ranch Lift Station (Lift Station A), Force Main, and Gravity Main project. The agreement was subsequently revised by Amendment No. 1 in the amount of $1,009,580.00, authorized September 16, 2025 (M&C 25-0891) that primarily provided design for a second lift station (Lift Station B) that, in conjunction with Lift Station A, will provide sanitary sewer service to the area west of Morris Dido Newark Road and south of Peden Road. Amendment No. 2 CSC 59868 provides for construction management, resident project representative, and construction support services including shop drawings, submittal reviews, change order review, and record drawings. Construction of the Bonds Ranch Lift Station project was advertised for bid on December 10, 2025, and December 17, 2025, in the Fort Worth Star-Telegram. On January 15, 2026, the following bids were received: Bidder Amount Contract Time CLW Water Group, LLC $12,992,000.00 912 Calendar Days Keeley Construction $15,008,371.17 Thalle Construction Co, Inc.$15,885,046.00 Felix Construction Company $18,882,770.00 In addition to the contract cost, $361,553.00 is required for project management, material testing and inspection and $324,800.00 is provided for project contingency. Small Business (SB) Goal – The City waived the Small Business Program requirement for this project due to there being fewer than three certified vendors available, in accordance with the City's Small Business Ordinance, Chapter 21 of the City Code. Available cash within the Water and Sewer portfolio and the City’s portfolio along with the appropriation authority authorized under 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. 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 Commercial Paper project within the W&S Commercial Paper Fund and in the Water/Wastewater Wholesale Impact Fees and Water/Wastewater Retail Impact Fees projects for the purpose of funding of the Bonds Ranch Lift Station, Force Main and Gravity Main project. Funding for the Bonds Ranch Lift Station (A), Force Main and Gravity Main project are depicted below: Fund Existing Appropriations Additional Appropriations Project Total* 56022 - W&S Rev Bonds Series 2024 $3,149,655.00 $0.00 $3,149,655.00 57003 – Sewer Impact Fee Fund $0.00 $2,428,721.00 $2,428,721.00 56026 – W&S Commercial Paper $0.00 $11,769,632.00 $11,769,632.00 Project Total $3,149,655.00 $14,198,353.00 $17,348,008.00 *Numbers rounded for presentation purposes. The project is located in COUNCIL DISTRICT 7 and the ETJ. 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 in the W/WW Wholesale Impact Fees and W/W Retail Impact Fees projects within the Sewer Impact Fee 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 Bonds Ranch LS(A)/FM/GM project to support the above recommendations and execution of the contract and amendment. 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:Bijay Upreti 8909