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HomeMy WebLinkAboutResolution 4503-08-2015 A Resolution ® 4503-08-2015 STATEMENT EXPRESSING OFFICIAL INTENT TO REIMBURSE EXPENDITURES WITH PROCEEDS OF FUTURE DEBT FOR THE PROCESS EVALUATION AND CONCEPTUAL DESIGN STUDY FOR CAPITAL IMPROVE METNS TO THE THICKENER PROCESSES AT THE VILLAGE CREEK WATER RECLAMATION FACILITY WHEREAS, the Cily of Fort Wortti, Texas (the "City") is a Imme-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 Process Evaluation and Conceptual Design Study for Capital Improvements to the Thickener Processes at the Village ("reek Water ReclamatiOn Facility project as shown on the attached map (the "ProJect") prior to the issuance of obligations by the City in connection with the financing of the Project from available funds; and WJIFREAS, the City finds, considers, and declares that the reimbursement off f 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 I I reasury Regulations, to reimburse itself for such payrnents 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: Section L 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 alliount not to exceed $400,000.00 for the purpose of paying the aggregate costs of the Project. Section 2. All costs to be reimbursed pursuant hereto will be capital expenditures, No obligarti()[IS will be issued by the City in f"urt1wrance 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, Section .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. Adopted this 25'h of day Alugjtst, 2015. ........ ........ ATT E S T: .......... 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Village Creek titer Reclamation Facility ���YV�F) f�,', `1.`,`Ir.' rS'�,K`Lr, r,rr�r�.t,�,��� ,�I h / )1'tll I It I.r�l f CI/Y IYCI FI I ICr!/. {) f fCr Thickener Process Improvements r�n I I VPII, ,1 1 r ,. !err purr ,1,Y r ,rrr r�,,< WA TM lrrl,rnrc F i,ri Ivy iri ivr rrr r,r„ri¢ i, . i r,vr raIf,rlircv rrJ,r ur i,a,a. IN s City of Fort Worth, Texas Mayor and Council Communication COUNCIL ACTION: Approved on 8/25/2015 - Resolution No. 4503-08-2015 DATE: Tuesday, August 25, 2015 REFERENCE NO.: **C-27433 LOG NAME: 60VCWRF THICKENER PROCESS - ENG STUDY SUBJECT: Authorize Engineering Agreement with Freese & Nichols, Inc., in the Amount of$295,113.00 for the Process Evaluation and Conceptual Design to for Capital Improvements to the Thickener Processes at the Village Creek Water Reclamation Facility, Provide for Additional Project Costs for a Total of $315,113.00 and Adopt Reimbursement Resolution (COUNCIL DISTRICT 5) RECOMMENDATION: It is recommended that the City Council: 1. Authorize the execution of an Engineering Agreement with Freese & Nichols, Inc., in the amount of $295,113.00 for Process Evaluation and Conceptual Design to of Capital Improvements to the Thickener Processes at the Village Creek Water Reclamation Facilityy and 2. Adopt the attached resolution expressing its official Intent to Reimburse expenditures with proceeds of future debt for Process Evaluation and Conceptual Design Study of Capital Improvements to the Thickener Processes at the Village Creek Water Reclamation Facility, DISCUSSION: The City of Fort Worth owns and operates the Village Creek Water Reclamation Facility (VCWRF), a 166 million gallons per day (MGD) plant, comprised of primary, secondary and tertiary treatment, chlorine disinfection and de-chlorination. The V currently uses three thickening processes; Gravity Thickeners (GTs) to thicken the solids from the primary clarifiers, Dissolved Air Flotation Thickeners (DAFTs) t o t hicken the solids from the Aeration Basins/Final Clarifiers and Gravity Belt Thickeners (GBTs) to thicken the solids from the high rate clarifi ers. The thickening equipment is old, requires a great deal of maintenance, is inefficient in producing required levels of treatment, uses a high amount of energy and is sensitive to changes in flow characteristics. Freese & Nichols, Inc. (F I), has been selected as the consulting firm to evaluate and recommend the Thickener Processes Improvements to be used, determine the optimum confi guration with the plant site and develop an overall engineering plan and scope of or for the final design project. FNI is proposing to perform the necessary process evaluation and preliminary conceptual design work for capital improvements for a fee not to exceed $295,113.00. The capital improvements project is anticipated to be included in a future revenue bond issue for the Water and Sewer Fund. Available cash within the Water and Sewer portfolio and the City's portfolio along with the appropriation authority authorized under the Direct Purchase of Program will be used to provide interim financing for this project until debt is issued. Tote extent resources other than the Water and Sewer portfolio are used to provide interim financing, the Water and Sewer Fund will be charged Log e: 60VCVvRF THICKENER PROCESS - ENG STUDY Pagel of interest that is equivalent to the overall rate of return being earned by the City portfolio (currently approximately one percent annually). Should the City's portfolio not support the liquidity needed to provide an interim short-term financing source, another funding source will be required, is could mean issuance of securities under the Direct Purchase of Program or earlier issuance of Water and Sewer revenue bonds than is currently planned. Once debt associated with this project is sold, bond proceeds will be used to reimburse the Water and Sewer portfolio and the City's portfolio in accordance with the attached Reimbursement Resolution. In accordance with the provisions of the Financial Management Policy Statements, Staff anticipates presenting revenue-supported debt issuances to the City Council for consideration within the next three years. The Financial Management Services Department is currently working with all departments to ensure that multi-year capital improvements plans are in place. Newly developed and already existing plans, such as the Water Department's current multi-year capital improvement plan, will be presented to it Council for review and adoption. If the City Council-adopted plan does not include issuance of debt for this specifi c project, the project will be funded utilizing pay-as-you go financing sources. If the City Council-adopted plan calls for debt issuance, that debt must be issued within approximately three years to provide reimbursement for these expenses. If that does not occur, the costs will no longer be reimbursable by issuing tax-exempt debt and the funding source will have to be made whole through other budgetary methods. Adoption of this resolution does not obligate the City to sell bonds, but preserves the ability to reimburse the City from tax-exempt bond proceeds. Upon approval of this Mayor and Council Communication, appropriations for the Process Evaluation and Conceptual Design to for Capital Improvements to the Thickener Processes at the Village Creek Water Reclamation Facility Project will consist of the following: und Existing Additional Re anc Remaining wised Encumbrance � " ppropriation Appropriation ppropriation Balance ........... ................................................ . .. .................... F Expenditure 2017 Water and Sewer Revenue Bonds Capital $ 0.00 $315,113.00 $315,113.00 $0.00 $315,113.00 Project Fund (P266) ;Project Toll -6-.--0--d- 5J ­_­­��$31 5,113.00 *0.00 *315,113.00 ............. .......... ...... In addition to the contract amount, $20,000.00 is required for project management and associated staff time for the Water Department. M[WBE OFFICE - Freese & Nichols, Inc., is in compliance with the City's BDE Ordinance by committing to a 10 percent SBE participation on this project. The City's goal on this project is 10 percent. This project serves the entire it and is located in COUNCIL DISTRICT 5, Mapsco 90J, 90Q and 90 . FISCAL INFORMATION /CERTIFICATION: The Financial Management Services Director certifies that appropriations are available as directed by M&C G-1 8375 in the 2017 Water and Sewer Revenue Bonds Capital Project Fund for transfer from unspecifi ed funding to the Process Evaluation and Conceptual Design to for Capital Improvements to the Thickener Processes at the Village Creek Water Reclamation Facility (VCWRF), as depicted in the table. Logname: 60VCVVRF THICKENER PROCESS - E STUDY Page 2 of 3 k A,v,a-i"I,a emaining,ble v",a—i 1-a.... Fund Appropriation Transfer ppropriation Amount mount 2017 W ate r & Sewer Revenue Bonds Capital $49,838,707.46 $315,113.00 $49,523,594.46 Project Fund .................. ...................... ............ FUND CENTERS: TO Fund/Account/Centers FROM Fund/Account/Centers P266 531200 701300264730 $295,1 13.00 P266 511010 701300264730 1219-00-00 CERTIFICATIONS: Submitted for City Manager's Office by. Fernando Costa (61 22) Originating Department Head: John Carman (8246) Additional Information Contact: Farid a Goderya (8214) Logname: 6 V VvRF THICKENER PROCESS E STUDY Page 3 of 3