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HomeMy WebLinkAbout28584-06-2026 - City Council - OrdinanceORDINANCE NO.28584-06-2026 AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE STORMWATER REVENUE BONDS 2020 FUND, IN THE AMOUNT OF $977,081.06, FROM AVAILABLE PROCEEDS DRAINAGE REVENUE REF 2020 FUNDS WITHIN UNSPECIFIED - ALL FUNDS PROJECT (CITY PROJECT NO. UNSPEC), FOR THE PURPOSE OF FUNDING THE GREENFIELD ACRES DRAINAGE PHASE 4 PROJECT (CITY PROJECT NO. 102975); 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 Stormwater Revenue Bonds 2020 Fund, in the amount of $977,081.06, from available Proceeds Drainage Revenue Ref 2020 funds within Unspecified - All Funds project (City Project No. UNSPEC), for the purpose of funding the Greenfield Acres Drainage Phase 4 project (City Project No. 102975). 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 incorporated into the ordinance effecting the budget of the municipal government of the City of Fort Worth for the ensuing Fiscal Year beginning October 1, 2025, and ending September 30, 2026, 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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. Douqlas Black (Jun 23, 2026 14:09:10 CDT) Assistant City Attorney ADOPTED: June 09, 2026 EFFECTIVE: June 09, 2026 Jannette S. Goodall City Secretary Ordinance No. 28584-06-2026 Page 1 of 2 Mayor & Council Map I CPN #104092 FORT WORTH Randol Mill Road I Hazardous Roadway Overtopping Mitigation (HROM) Project CD#5 Project Extent Council District 5 - Deborah Peoples Z I..LI w v Z o 0/r1 r * V � II n\�J 5 - Deboraj$$*boples ,f,L � WINTERSST I } r w 4 •4 E �._- AL r. -. : V .- .5i t Data Source: CFW GIS, Nearmap I Map generated July 2025 0 340 680 TPW Business Support Services Copyright 0 2025 City of Fort Worth Um,thwded reproduction d a wolabonof apphcobfe Mws. Thisdoters[o be use for grapM1rcal rcpesentotron orYy The —acy Feet rs not to be takenAtsed as data poduced for engrnecringpwposes a by a regrsten dI pofesnarsolan ld surveyor TM City o1 For[ Worth assumes ro respansibi6ry for [he aoc—y of sod data Mayor & Council Map I CPN #102975 1 Greenfield Acres Storm Drain Improvements I Phase 4 CD #2 o Project Extents YELL LN Parks Hill Council Districts 0 2 - Carlos Flores 0 7 - Macy Hill 1\&d0W GREENFIELD RD z J wNORTH o HILL LN U Q !M1 FFJ 4 oq�c .. , 6L �G e �'O TEN 41 '<F4SV F ,5,o FORT WORTH 4 PALOT Paloma Park w ADC S W W H d' 3 W ..� U) NORTH RIDGE RD WIN-' O LL =y 0 W m SOUTH RIDGE RD ,rsm. 7.0_ - - �,, NA PORT RDGE DR ■1}IF77inl 1 2 3 4 0 450 Greenfield Road Cindy Lane Tee Head Drive North Ridge Road Feet FATHOM DR Lea Crest Lane Greenfield Road Greenfield Road Lea Crest Lane East Dead End North Ridge Road North Ridge Road Tee Head Drive COTI Map generated February 2026 1 TPW Business 900 Support Services Copyright © 2026 City of Fort Worth. Unauthorized reproduction is a violation of applicable laws. This data is to be use for graphical representation only. The accuracy is not to be taken/used as data produced for engineering purposes or by a registered professional land surveyor. The City of Fort Worth assumes no responsibility for the accuracy of said data. City of Fort Worth, Texas Mayor and Council Communication DATE: 06/09/26 M&C FILE NUMBER: M&C 26-0492 LOG NAME: 20STORMWATER REVENUE BONDS 2020 AND 2023 FUNDING SWAP SUBJECT (CD 2 and CD 5) Authorize Reallocation of Drainage Revenue Bonds Proceeds and Pay -As -You -Go Capital Dollars Among with No Net Increase to Total Budgets, Adopt Appropriation Ordinances and Amend Fiscal Years 2026-2030 Capital Improvement Program RECOMMENDATION: 1. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in Stormwater Revenue Bonds 2020 Fund, in the amount of $977,081.06, from available Proceeds Drainage Revenue Ref 2020 funds within Unspecified - All Funds project (City Project No. UNSPEC), for the purpose of funding the Greenfield Acres Drainage Phase 4 project (City Project No. 102975); 2. Adopt the attached appropriation ordinance adjusting estimated receipts and appropriations in the Drainage Revenue Bonds Series 2023 Fund, by increasing estimated receipts and appropriations in the Randol Mill Hazardous Road Overtopping Mitigation project (City Project No. 104092) in the amount of $4,000,000.00, and decreasing estimated receipts and appropriations in the Total Channel Restoration Bond programmable project (City Project No. P00136) by the same amount; 3. Adopt the attached appropriation ordinance adjusting estimated receipts and appropriations in the Stormwater Capital Projects Fund, by increasing estimated receipts and appropriations in the Total Channel Restoration Bond programmable project (City Project No. P00136) in the amount of $4,000,000.00, and decreasing estimated receipts and appropriations in the Randol Mill Hazardous Road Overtopping Mitigation project (City Project No. 104092), by the same amount; and 4. Amend the Fiscal Years 2026-2030 Capital Improvement Program. DISCUSSION: The purpose of this Mayor and Council Communication (M&C) is to change funding sources for two underway projects from PAYGo to bond funding to expedite the spending of available bond funding. This M&C will not change the scope or overall budget for any projects underway. Approval of recommendation #1 of this M&C will adopt an appropriation ordinance for the purpose of replacing existing Stormwater Capital PAYGo funds in the Greenfield Acres Drainage Ph4 project (City Project No. 102975) with Stormwater Revenue Bonds 2020 funds. The Stormwater Revenue Bonds 2020 funding is available for re -appropriation due to several projects being completed under budget, thus bringing about the need to reallocate the remaining bond funds. As a result of replacing the existing Stormwater Capital PAYGo funds, the residual balances in the Stormwater Capital Projects Fund will be moved to the Unspecified — All Funds project (City Project No. UNSPEC) to support future capital projects. Due to the priority to fully spend out the remaining 2020 Revenue Bond funds, the Fiscal Years (FY) 2026-2030 Capital Improvement Program (CIP) will be amended to reflect the replacement of Stormwater PAYGo Funds with Stormwater Revenue Bonds 2020 funds for the Greenfield Acres Drainage Ph4 project. The project is a multi -phase project and was implemented to mitigate flooding in the Greenfield Acres subdivision. Construction has been completed, and a Green Sheet was completed August 14, 2025. A Letter of Map Revision (LOMR) to update the floodplain mapping is being prepared for submittal to the Federal Emergency Management Agency (FEMA) for review and approval, and the project will remain open until completion of the LOMR. Upon the adoption of this appropriation ordinance, eligible expenses in the amount of $977,081.06 will be funded with Stormwater Revenue Bonds 2020 funds and residual funding in the same amount within the Stormwater Capital Projects Fund will be available for transfer and reprogramming to other high priority stormwater projects. Funding is available in the Unspecified -All Funds project with the Stormwater Revenue Bonds 2020 Fund for the Transportation and Public Works Department for the purpose of funding the Greenfield Acres Drainage Ph4 project. Approval of recommendations #2 and #3 of this Mayor and Council Communication (M&C) will adopt appropriation ordinances for the purpose of replacing existing Stormwater Capital PAYGo funds in the Randol Mill Hazardous Road Overtopping Mitigation (HROM) project (City Project No. 104092) with Stormwater Revenue Bonds 2023 funds. As a result of replacing the existing Stormwater Capital PAYGo funds, current expenditures and existing encumbrances within the Randol Mill HROM project (City Project No. 104092) will be moved from the Stormwater Capital Projects Fund to the Stormwater Revenue Bonds 2023 Fund to utilize the remaining bond proceeds in accordance with spending priorities. Due to the priority to fully spend out the remaining Drainage Revenue Bonds Series 2023 funds, the FY 2026-2030 CIP will be amended to reflect the replacement of Stormwater PAYGO Funds with Stormwater Drainage Revenue Bonds Series 2023 funds for the Randol Mill HROM project. The project is part of the HROM Program, which is an ongoing effort to identify hazardous road flooding locations, prioritize them based on risk, and, where feasible, develop solutions to make them safer. Funding is available in the Total Channel Restoration Bond programmable project with the Drainage Revenue Bonds Series 2023 Fund for the Transportation and Public Works Department for the purpose of funding the Randol Mill HROM project. The table below reflects the current and proposed funds associated with the swap within various projects. Project Description Amount Current Fund Proposed Fund Number Greenfield Acres 52002-Stormwater Capital 52007- Stormwater Revenue 102975 Drainage Ph4 $977,081.06 Projects Bonds 2020 Fund 104092 Randol Mill HROM $4,000,000.00 52002-Stormwater Capital 52008- Stormwater Revenue Projects Bonds Series 2023 Fund P00136 Total Channel $4,000,000.00 52008- Stormwater Revenue 52002-Stormwater Capital Restoration Bond Bonds Series 2023 Fund Projects The projects are located in COUNCIL DISTRICTS 2 and 5. 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 the Unspecified - All Funds project within the Stormwater Rev Bonds 2020 Fund and in the Total Channel Restoration Bond programmable project within the Stormwater Rev Bonds Series 2023 Fund and upon approval of the above recommendations and adoption of the attached appropriation ordinances, funds will be available in the Stormwater Rev Bonds 2020 Fund for the Greenfield Acres Drainage Ph4 project and the Stormwater Rev Bonds Series 2023 Fund for the Randol Mill HROM project. Prior to any expenditure being incurred, the Transportation and Public Works Department has the responsibility to validate the availability of funds. Submitted for Citv Manaaer's Office bv: Jesica McEachern 5804 Oriainatina Business Unit Head: Lauren Prieur 6035 Additional Information Contact: Monty Hall 8662