HomeMy WebLinkAbout28491-05-2026 - City Council - OrdinanceAN ORDINANCE INCREASING ESTIMATED RECEIPTS AND
APPROPRIATIONS IN THE GENERAL DEBT SERVICE FUND
TRANSFERRERD FROM THE TRANSPORTATION IMPACT FEE CAPITAL
FUND IN THE AMOUNT OF $21,973,664.83; PROVIDING FOR A SEVERABILITY
CLAUSE; MAKING THIS ORDINANCE CUMULATIVE OF PRIOR
ORDINANCES; REPEALING ALL ORDINANCES IN CONFLICT HEREWITH;
AND PROVIDING AN EFFECTIVE DATE.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
FORT WORTH, TEXAS THAT:
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 increased estimated receipts and appropriations in
the General Debt Service Fund transferred from Transportation Impact Fee Cap Fund in the amount of
$21,973,664.83.
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 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said prior ordinances and appropriations are hereby expressly repealed.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:
Assistant City Attorney
ADOPTED: May 12, 2026
EFFECTIVE:May 12, 2026
Jannette S. Goodall
City Secretary
Ordinance No.
28490-05-2026
Page 1 of 1
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
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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