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Home My WebLink About28490-05-2026 - City Council - OrdinanceOrdinance No. 28490-05-2026 AN ORDINANCE ADJUSTING ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE TRANSPORTATION IMPACT FEE CAPITAL FUND, IN THE CUMULATIVE AMOUNT OF $21,973,664.83, BY INCREASING RECEIPTS AND APPROPRIATIONS IN THE DEBT SERVICE SUPPORT PROJECT (CITY PROJECT NO 106945) FROM AVAILABLE TRANSPORTATION IMPACT FEES WITHIN THE REVENUE — MULTIPLE SERVICE AREAS — TRANSPORTATION IMPACT FEES PROJECTS (CITY PROJECT NOS. UN9911, UN9912, UN9913, UN9914, UN9915, UN9916, UN9917, UN9919, UN9920, UN9921, UN9922, UN9926, UN9927, UN9928), FOR THE PURPOSE OF FUNDING DEBT SERVICE PAYMENTS 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 2025-2026 in the Budget of the City Manager, there shall also be adjusting estimated receipts and appropriations in the Transportation Impact Fee Capital Fund in the cumulative amount of $21,973,664.83, by increasing receipts and appropriations in the Debt Service Support Project (City Project No. 106945) from available transportation impact fees within the revenue - multiple service areas — transportation impact fees projects (City Project Nos. UN9911, UN9912, UN9913, UN9914, UN9915, UN9916, UN9917, UN9919, UN9920, UN9921, UN9922, UN9926, UN9927, UN9928), for the purpose of funding the debt service payments. Project ID Project Name - Description UN9911 Revenue — SA A — Transp Imp Fees UN9912 Revenue — SA B — Transp Imp Fees UN9913 Revenue — SA C — Transp Imp Fees UN9914 Revenue — SA D — Transp Imp Fees UN9915 Revenue — SA E — Transp Imp Fees UN9916 Revenue — SA F — Transp Imp Fees UN9917 Revenue — SA G — Transp Imp Fees UN9919 Revenue — SA M — Transp Imp Fees UN9920 Revenue — SA N— Transp Imp Fees UN9921 Revenue — SA O — Transp Imp Fees UN9922 Revenue — SA S — Transp Imp Fees UN9926 Revenue — SA X — Transp Imp Fees UN9927 Revenue — SA Y — Transp Imp Fees UN9928 Revenue — SA Z — Transp Imp Fees Net Appropriation Adjustments SECTION 2. Appropriation Increase/Decrease $1,533,524.05 $3,148,694.05 $245,751.88 $1,718,948.48 $1,238,267.34 $239,947.00 $612,795.82 $4,295,479.39 $1,577,290.57 $192,302.00 $6,801,399.00 $168,402.13 $32,460.99 $168,402.13 $21,973,664.83 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 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: CITY SECRETARY Jannette S. Goodall Assistant City Attorney City Secretary ADOPTED AND EFFECTIVE: May 12, 2026 �oO� �rORr�a -" 00000000 �A►0 oO,p � do 0 �v0 0 0 %*%0 °_00000-0 City of Fort Worth, Texas Mayor and Council Communication DATE: 05/12/26 M&C FILE NUMBER: M&C 26-0395 LOG NAME: 13APPLY TRANSPORTATION IMPACT FEES TO DEBT SERVICE FY26 SUBJECT (ALL) Adopt Appropriation Ordinances to Utilize Transportation Impact Fees to Pay Toward Debt Associated with Impact Fee Eligible Projects and Amend the Fiscal Year 2026 Adopted Budget RECOMMENDATION: It is recommended that the City Council: 1. Adopt the attached appropriation ordinance adjusting the receipts and appropriations in the Transportation Impact Fee Capital Fund in the cumulative amount of $21,973,664.83, by increasing receipts and appropriations in the Debt Service Support project (City Project No. 106945) from available transportation impact fees within the Revenue — Multiple Service Areas — Transportation Impact Fees projects (City Project Nos. UN9911, UN9912, UN9913, UN9914, UN9915, UN9916, UN9917, UN9919, UN9920, UN9921, UN9922, UN9926, UN9927, UN9928), for the purpose of funding debt service payments on debt associated with impact fee eligible projects; 2. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the General Debt Service Fund transferred from the Transportation Impact Fee Capital Fund in the amount of $21,973,664.83; and 3. Amend the Fiscal Year 2026 Adopted Budget n I:lolti&_*9 191 F The purpose of this Mayor and Council Communication (M&C) is to authorize the use of available Transportation Impact Fees to support the payment of debt service for eligible transportation -related projects. This action also addresses a finding identified in the 2024 Internal Audit of Transportation Impact Fees expenditures, which recommended greater clarity regarding the specific service area accounts from which funds are transferred to capital projects and the amount expended. Transportation Impact Fees are collected within designated service areas and are restricted by State law and City policy to be used only for capacity -improving transportation projects that benefit the same service area in which the fees were collected. These service area designations ensure that growth pays for growth and that funds are expended in a manner consistent with their intended purpose. To ensure compliance with these requirements and to respond to the audit finding, the Financial Management Services Treasury Team was provided with a comprehensive list of transportation -related capital projects, along with their corresponding service area designations by the Development Services Department and Transportation & Public Works Department. This information is critical to ensure compliance with Transportation Impact Fee requirements, as it confirms that any use of Transportation Impact Fees for debt service is property aligned with the benefiting service area. The Financial Management Services Treasury Team conducted a detailed review of the funding sources associated with each project, including an analysis of outstanding debt obligations issued to finance those projects. Based on this review, the team identified the portion of eligible project costs that may be supported with Transportation Impact Fees. The applicable Transportation Impact Fee and the Interest Earnings amounts were then compiled by service area and the Development Services Department determined the appropriate allocation of funds to be transferred and applied toward debt service payments. The resulting allocations by service area are summarized as follows: Service Project Transportation Impact Fee (Including Interest Area Number Earnings) to be Applied to General Debt Service A UN9911 $1,533,524.05 B UN9912 $3,148,694.05 C UN9913 $245,751.88 D UN9914 $1,718,948.48 E UN9915 $1,238,267.34 F UN9916 $239,947.00 G UN9917 $612,795.82 M UN9919 $4,295,479.39 N UN9920 $1,577,290.57 0 UN9921 $192,302.00 S IUN9922 $6,801,399.00 X UN9926 $168,402.13 Y UN9927 $32,460.99 Z UN9928 $168,402.13 Funding is budgeted in the Transportation Impact Fee Cap Fund for the purpose of transferring to the General Debt Service Fund to support the payment of debt service for eligible transportation -related projects. This will serve 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 funds are currently available in various projects within the Transportation Impact Fee Cap Fund and upon approval of the above recommendations and adoption of the attached appropriation ordinances, funds will be in the General Debt Service Fund. Prior to any expenditure being incurred, the Financial Management Services and Development Services Departments have the responsibility of verifying the availability of funds. Submitted for Citv Manaaer's Office bv: Reginald Zeno 8517 Oriainatina Business Unit Head: Reginald Zeno 8517 Additional Information Contact: Alex Laufer 2268 Jennifer Roberts 6101 Expedited