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HomeMy WebLinkAboutOrdinance 21944-09-2015 ORDINANCE NO. 21944-09-2015 AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE TRANSPORTATION IMPACT FEE FUND IN THE AMOUNT OF $1,342,556.38, FROM AVAILABLE FUNDS, FOR THE PURPOSE OF PROVIDING CITY PARTICIPATION FOR THE CONSTRUCTION OF WEST BAILEY BOSWELL ROAD FROM WIND RIVER DRIVE TO OLD DECATUR ROAD; 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 2014-2015 in the Budget of the City Manager, there shall also be increased estimated receipts and appropriations in the Transportation Impact Fee Fund in the amount of $1,342,556.38, from available funds, for the purpose of providing City participation for the construction of West Bailey Boswell Road from Wind River Drive to Old Decatur Road. 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 No. 21457-09-2014 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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: Douglas W Black, u� ary J I� Sr. Assistant City Attorney City Secr ary ADOPTED AND EFFECTIVE: September 29, 2015 Ordinance No. 21944-09-2015 Page 1 of 1 4 1 IV' �I tY l i ru w,yp�� r , J I r, r rr r 1 + J r ` r i nw�, r V� I I Y i W��� III I II r r� 'i I d IEiI I 5N rw City of Fort Worth, Texas Mayor and Council Communication COUNCIL ACTION: Approved on 9/2912015 - Ordinance No. 21944-09-2015 DATE: Tuesday, September 29, 2015 REFERENCE NO.: C-27494 LOG NAME: 061000 BAILEY BOSWELL CFA SUBJECT: Authorize Execution of a Community Facilities Agreement with Boswell Marketplace, LP, in the Estimated Project Amount of$2,835,679.83 Including City Participation in an Amount Not to Exceed $1,342,556.38 to Construct West Bailey Boswell Road from Wind River Drive to Old Decatur Road and Adopt Appropriation Ordinance (Transportation Impact Fee Funds) (COUNCIL DISTRICT 7) RECOMMENDATION: It is recommended that the City Council: 1. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the Transportation Impact Fee Fund in the amount of$1,342,556.38 from available funds; and 2. Authorize the execution of a Community Facilities Agreement with Boswell Marketplace, LP, in the estimated project amount of$2,835,679.83 which includes City participation in an amount not to exceed $1,342,556.38 to construct West Bailey Boswell Road from Wind River Drive to Old Decatur Road. DISCUSSION: The purpose of this M&C is to authorize execution of a Community Facilities Agreement (CFA) with Boswell Marketplace, LP, the developer of the proposed Boswell Marketplace located generally at Old Decatur Road and West Bailey Boswell Road for the construction of four lanes of West Bailey Boswell Road from Wind River Drive to Old Decatur Road. The City will participate in the oversizing of the Developer's road construction requirement in order to have West Bailey Boswell built to its ultimate cross- section and alignment through this area. The Developer will publicly bid and provide initial funding for the roadway construction while the City will use transportation impact fee funds to reimburse the Developer for the City's share of the construction cost through periodic draws. Project Expenditures: Project Component Developer's Cost City's Cost Total Cost Estimated Construction Costs $ 1,140,659.631 $ 1,140,659.63 $ 2,281,319.26 Design Fees 1 87,830.791 87,830.79 175,661.58 (contingency 1 114,065.961 114,065.96 228,131.92 Material Testing & Inspection Fees 1 150,567.071 0.001 150,567.07 TOTAL $ 1,493,123.451 $ 1,342,556.38 $ 2,835,679.83 FISCAL INFORMATION / CERTIFICATION: Logname: 061000 BAILEY BOSWELL CFA Page 1 of 2 The Financial Management Services Director certifies that upon the approval of the above recommendation and the adoption of the attached appropriation ordinance, funds will be available in the current capital budget, as appropriated, of the Transportation Impact Fee Fund. CENTERS:Fund Available Amount to emaining Available Revenue Appropriate Funds FUND TO Fund/Account/Centers FROM Fund/Account/Centers 1) C206 488139 061249991500 $1,342,556.38 2) C206 541200 207230262480 $1,342,556.38 1) C206 541200 061249991500 $1,342,556.38 Submifted for City Mananer's Office by: Fernando Costa K6122\ Originating Department Head: Randle Harwood A5101\ Julie Westerman C2677\ Additional Information Contact: David Schroeder (2230) l.oguazoz: 06l0O0 BAILEY B(lSWE]L]LCFA Page 2of2