On April 12, 2016 (Mayor and Council Communication (M&C) L-15892), the Fort Worth City Council authorized the acquisition, through settlement, of the Bodycote property located at 2005 Montgomery Street. This property is required for the construction of the WRMC Multipurpose Arena and associated parking facilities.
In accordance with state law, the City is required to provide relocation assistance in accordance with the Uniform Relocation Assistance and Real Property Acquisitions Policy Act (URA). These services are provided to qualifying individuals and business owners who are displaced by public projects from their homes and/or business locations. For this acquisition, Bodycote is eligible to receive relocation assistance. Displacees have up to 18 months to file a claim for their relocation assistance payments. The actual amounts to be paid are determined by the type of payments the displacees qualify for and the total costs of their moving expenses. The relocation costs will be paid out of the Culture & Tourism Capital Projects Fund.
Staff, through the City's relocation specialist, obtained a bid from Able Moving Company to provide moving and re-establishment services for the furnaces, quenches and other equipment associated with Bodycote's core operations in an amount of $1,995,128.00. Bodycote accepted payment in the amount of $1,995,128.00 and performed a negotiated self-move. Council authorized this partial relocation on June 14, 2016 via M&C C-27772. The movement and relocation costs exceeded the preliminary projection and additional relocation costs were requested by Bodycote. Staff negotiated with Bodycote to accept $1,800,000 for the final relocation expenses. This final relocation payment will allow Bodycote to complete its relocation.
Relocation expenses count towards the City's maximum total expenditure for this project which is limited to $225,000,000.00.
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