HomeMy WebLinkAbout28425-04-2026 - City Council - OrdinanceOrdinance No. 28425-04-2026
AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND APPROPRIATIONS IN
THE ROCK CREEK PUBLIC IMPROVEMENT DISTRICT CUSTODIAL FUND AS
FOLLOWS: (1) IN THE AMOUNT OF $167,031.97, TRANSFERRED FROM THE UNSPEC
PROJECT (CITY PROJECT NO. UNSPEC) WITHIN THE ROCK CREEK SPECIAL
ASSESSMENT CAPITAL PROJECT FUND, IN ORDER TO PROPERLY ALIGN
REMAINING BALANCES WITH THE ROCK CREEK PUBLIC IMPROVEMENT DISTRICT
CUSTODIAL FUND AND (11) IN THE AMOUNT OF $200,000.00, FROM AVAILABLE NET
POSITION, FOR THE PURPOSE OF REIMBURSING THE DEVELOPER FOR ELIGIBLE
EXPENDITURES RELATED TO THE ROCK CREEK LIFT STATION PROJECT (CITY
PROJECT NO. 105040); 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 increased estimated receipts and appropriations in the Rock
Creek Public Improvement District Custodial Fund as follows: (i) in the amount of $167,031.97, transferred
from the UNSPEC project (City Project No. UNSPEC) within the Rock Creek Special Assessment Capital
Project Fund, in order to properly align remaining balances with the Rock Creek Public Improvement District
Custodial Fund and (ii) in the amount of $200,000.00, from available net position, for the purpose of
reimbursing the developer for eligible expenditures related to the Rock Creek Lift Station project (City Project
No. 105040).
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said prior ordinances and appropriations are hereby expressly repealed.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: CITY SECRETARY
Denis C. McElroy
Assistant City Attorney
ADOPTED AND EFFECTIVE: April 28 2026
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Jannette S. Goodall
City Secretary
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City of Fort Worth, Texas
Mayor and Council Communication
DATE: 04/28/26 M&C FILE NUMBER: M&C 26-0316
LOG NAME: 13REMAINING REVENUE OF ROCK CREEK RANCH 2O17 BONDS
SUBJECT
(ALL) Authorize Transfer of Residual Bond Proceeds from the Rock Creek Special Assessment Capital Project Fund to the Rock Creek Public
Improvement District Custodial Fund and Adopt Appropriation Ordinances
RECOMMENDATION:
It is recommended that the City Council:
Authorize transfer of residual bond proceeds from the Rock Creek Special Assessment Capital Project Fund to the Rock Creek Public
Improvement District Custodial Fund;
Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the Rock Creek Public Improvement
District Custodial Fund as follows:
1. in the amount of $167,031.97, transferred from the UNSPEC project (City Project No. UNSPEC) in the Rock Creek Special
Assessment Capital Project Fund, in order to properly align remaining balances with the Rock Creek Public Improvement District
Custodial Fund; and
2. in the amount of $200,000.00, from available net position, for the purpose of reimbursing the developer for eligible expenditures
related to the Rock Creek Lift Station project (City Project No. 105040)
DISCUSSION:
The purpose of this Mayor and Council Communication (M&C) is to reconcile the remaining bond proceeds in the Rock Creek Special
Assessment Capital Project Fund and transfer remaining balances to the Rock Creek Public Improvement District (PID) Custodial Fund. These
funds will be appropriated to the Rock Creek PID Custodial Fund and used for eligible developer reimbursements.
The Financial Management Services Department has completed a reconciliation of the Rock Creek major improvement bond proceeds. The
following adjustment is required to balance the Rock Creek Special Assessment 2017 Capital Projects Fund and align residual balances with the
Rock Creek PID Custodial Fund:
• 30103 — Rock Creek Spl Assessment CP Fund: Transfer $167,031.97 from the UNSPEC project (City Project No. UNSPEC) to the Rock
Creek PID Custodial Fund (City Fund No. 74104). This transaction will fully balance Fund 30103.
• 74104 - Rock Creek PID Custodial Fund: Use of $200,000.00 from net position for developer reimbursement of eligble expenditures.
These transactions will ensure accurate accounting and proper alignment of project balances with the Rock Creek Special Assessment Capital
Project Fund. The second part of the appropriation ordinance ensures funding is available for developer reimbursements of eligible expenditures
related to the Rock Creek Lift Station project (City Project No. 105040).
Funding is budgeted in the Rock Creek Spl Assessment CP Fund for the Financial Management Services Department for the purpose of
transferring residual funds to the Rock Creek PID Custodial Fund. Funding is also available for appropriation in the net position of the Rock Creek
PID Custodial Fund. The beginning net position balance is $4,947,235.67 and after appropriation the new net position will be $4,747,235.67.
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 UNSPEC project within the Rock Creek Spl Assessment CP Fund and from
net position within the Rock Creek PID Custodial Fund and upon approval of the above recommendations and adoption of the attached
appropriation ordinances, funds will be available in the Rock Creek PID Custodial Fund. Prior to an expenditure being incurred, the Financial
Management Services Department has 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