HomeMy WebLinkAbout26-6390 - City Council - ResolutionRESOLUTION 26-6390
STATEMENT EXPRESSING OFFICIAL INTENT TO REIMBURSE
EXPENDITURES WITH PROCEEDS OF FUTURE DEBT FOR THE
COMMUNITY FACTILITIES AGREEMENT - ALPHA RANCH
PARKWAY AND COMANCHERIA WAY 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 Community Facilities Agreement — Alpha Ranch Parkway and
Comancheria Way 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
$4,400,000.00 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 September 29, 2026.
ATTEST:
By:
Jannette S. Goodall, City Secretary
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FORT WORTH.
MAYOR AND COUNCIL COMMUNICATION
7.5.5 AMENDMENT FOR ALPHA RANCH WATER LINE OVERSIZE RESOLUTION
DATE: 09/29/26 M&C FILE NUMBER: M&C 26-1025
DEPARTMENT: WATER
SUBJECT
(ETJ near CD 10) Amend Mayor & Council Communication 26-0723 Authorizing Execution of a
Community Facilities Agreement with City Participation in an Amount Up to $3,089,287.10 and
a Design Procurement Agreement with City Participation in an Amount Up to $375,151.76 with
CTMGT Alpha Ranch, LLC to Make Corrections to the Resolution Expressing Official Intent to
Reimburse Expenditures from Proceeds of Future Debt Project
RECOMMENDATION
It is recommended that the City Council amend Mayor & Council Communication 26-0723
authorizing execution of a Community Facilities Agreement with City participation in an
amount up to $3,089,287.10 and a Design Procurement Agreement with City participation in an
amount up to $375,151.76 with CTMGT Alpha Ranch, LLC to make corrections to the resolution
expressing official intent to reimburse expenditures from proceeds of future debt project.
DISCUSSION
On August 11, 2026, the City Council approved Mayor & Council Communication (M&C) 26-0723
authorizing execution of a Community Facilities Agreement with City participation in an
amount up to $3,089,287.10 and a Design Procurement Agreement with City participation in an
amount up to $375,151.76 with CTMGT Alpha Ranch, LLC.
M&C 26-0723 also recommended adoption of a resolution expressing official intent to
reimburse expenditures with proceeds of future enterprise fund debt for the Community
Facilities Agreement - Alpha Ranch Parkway and Comancheria Way project (City Project No.
106400). However, after City Council approval of M&C 26-0723, it was discovered that the
attached resolution was incomplete. Therefore, staff recommends adoption of this M&C to
amend M&C 26-0723 to make corrections to the resolution. The amended, complete resolution
is attached hereto.
This contract requires a Form 1295.
FISCAL IN FORMATION/CERTIFICATION
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FORT WORTH.
The Director of Finance certifies that approval of this recommendation will have no material
effect on City funds.
SUBMITTED FOR CITY MANAGER'S OFFICE BY:
ORIGINATING BUSINESS UNIT HEAD:
ADDITIONAL INFORMATION CONTACT:
Jesica L. McEachern, # 5804
Christopher Harder, # 5020
Suby Varughese, # 8009
Elynn Ray, # 7856
ATTACHMENTS
1. Resolution - Alpha Ranch Water Line Oversize Cost Participation [7.5.5.1 - 1 page]
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