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HomeMy WebLinkAboutOrdinance 1534112-02-02 P12 21 IN Ordinance No ~ ~~ AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE SH 121T SOUTHWEST PARKWAY FUND IN THE AMOUNT OF $566,864 16 FROM AVAILABLE FUNDS, FOR THE PURPOSE OF FUNDING, IN PART, THE SH 121T (SOUTHWEST PARKWAY) PROJECT, REPEALING ORDINANCE NO 15216 AND ORDINANCE NO 15217, PROVIDING A SEVERABILITY CLAUSE, MAKING THIS ORDINANCE CUMULATIVE OF PRIOR 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 2002- 2003 in the Budget of the City Manager, there shall also be increased estimated receipts and appropriations in the SH 121T Southwest Parkway Fund in the amount of $566,86416 from available funds, for the purpose of funding, in part, the SH 121T (Southwest Parkway) Project. SECTION 2 That Ordinance No 15216 and Ordinance No 15217 are hereby repealed SECTION 3 That should any portion, section or part of a section of this ordinance be declared invalid, inoperative or void for any reason by a court of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 4 That this ordinance shall be cumulative of Ordinance No 15184 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed SECTION 5 This ordinance shall take eff. ect upon adoption APPR D A ~ F M AND LEGALITY Assis ant ty Attorney ADOPTED AND EFFECTIVE. 1 ~`~ ~° -~~ City of Fort Worth, Texas Mayor and Council Communication DATE REFERENCE NUMBER LOG NAME PAGE 11/26/02 **G-13811 30PARKWAY 1 of 2 suB~ECr ADOPT APPROPRIATION ORDINANCES, RESCIND RECOMMENDATION NOS 1 THROUGH 4 OF M&C C-19212, AND AUTHORIZE ALTERNATE FUNDING STRATEGY IN CONJUNCTION WITH THE SH-121T (SOUTHWEST PARKWAY) PROJECT RECOMMENDATION It is recommended that the City Council Authorize an alternate funding strategy to the one previously approved by the City Council on August 27, 2002 (M&C C-19212), for the SH-121T (Southwest Parkway) project; and 2 Authorize rescission of recommendations 1 through 4 of M&C C-19212, and 3 Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the Special Assessments Fund in the amount of $566,864 16 from available funds, and 4 .Approve the transfer of $566,86416 from the Special Assessments Fund to the SH-121T Southwest Parkway Fund, and - 5 Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the SH-121T Southwest Parkway Fund in the amount of $566,864 16 from available funds DISCUSSION Approval of Local Transportation Project Advance Funding Agreements (LTPAFA) On August 27, 2002 (M&C C-19212, Resolution No 2864), the City Council authorized the City Manager to enter into the first of several LTPAFA's with the Texas Department of Transportation (TxDOT) in the amount of $566,864 16 to utilize a $25,000,000 North Central Texas Council of Governments (NCTCOG) reimbursement grant. This funding agreement was to allow for reimbursement to the City for 80% of costs associated with the authorization of contract amendments to Prime Strategies, Inc.'s project management contract and other professional service contracts in the amount of $566,864 16 It was anticipated that the reimbursement under LTPAFA No 1 would have been $453,491 32, and accordingly City funds in the amount of $113,372 84 would have been expended for match from the Special Assessment Fund Staff was advised by TxDOT and NCTCOG that each LTPAFA would take approximately 60 to 90 days to execute, and that the professional services contracts could not be executed prior to the LTPAFA in order to be eligible for reimbursement. It was further anticipated that these professional services contracts and amendments for the SH-121T project could be executed in late October to late November 2002 City of Fort Worth, Texas Mayor and Council Communication DATE REFERENCE NUMBER LOG NAME PAGE 11/26/02 **G-13811 30PARKWAY 2 of 2 SUBJECT ADOPT APPROPRIATION ORDINANCES, RESCIND RECOMMENDATION NOS 1 THROUGH 4 OF M&C C-19212, AND AUTHORIZE ALTERNATE FUNDING STRATEGY IN CONJUNCTION WITH THE SH-121T (SOUTHWEST PARKWAY) PROJECT Alternate Funding Strategy On October 18, 2002, staff was informed by the NCTCOG that the grant funding has not been established in TxDOT's accounting system, and as a result, the LTPAFA will not be executed until January 2003 Therefore, in order to continue to move the SH-121T project forward as directed by the City Council, staff is recommending an alternate funding strategy that entails the use of funds from the Special Assessments Fund for the entire amount. This would allow previously authorized contracts and amendments to be executed and work may commence. Unfortunately, this work will not be reimbursable under the guidelines of the LTPAFA. Due to the nature of these services, these contracts are vital to the decision making process of the SFi-121T project and will avoid further delay in this process. FISCAL INFORMATION/CERTIFICATION The Finance Director certifies that upon completion of the above recommendations and adoption of the attached appropriation ordinances, funds will be available in the current capital budget, as appropriated, of the SH 121T Southwest Parkway Fund MO.k Submitted for City Manager's FUND ACCOUNT CENTER AMOUNT CITY SECRETARY Office by: (to) 3) GS94 488032 020940099050 $566,864 16 Marc Ott 8476 3) GS94 538070 020940099050 $566,864 16 Originating Department Head: 4&5) C121 472094 030121021102. $566,864 16 5) C121 539120 030121021102 $566,864 16 ~ Douglas Rademaker 6157 (from) APPROVED AS AMENDED 4) GS94 538070 060940099050 $566,864 16 11/26/02 Additional Information Contact: ORD.# 15340 & 15341 Douglas Rademaker 6157