This project provides for the removal and replacement of the existing native material backfill for the installed 48-inch diameter water main located on High School Drive from Timberland Boulevard to north of Ridgeview Circle. Subsequent to installation of the 48-inch water main on High School Drive in late 2015, it was determined that ground water from the two ponds located east and west of High school Drive, had leaked into the trench for the 48-inch water main and saturated the backfill material and the pavement sub-base to the extent that the repaired concrete pavement has developed significant cracks. It is necessary to remove and replace the existing backfill with a non-permeable material (with cementatious flowable fill) and reconstruct the pavement in order to restore the affected concrete pavement segment back to the condition that existed prior to installation of the 48-inch water main. This project was advertised for bids on April 6, 2017 and April 13, 2017 in the Fort Worth Star-Telegram. On April 27, 2017 the following bids were received: Bidder | Amount | Time of Completion | S.J. Louis Construction of Texas, Ltd. | $1,366,498.00 | 90 Calendar Days | Thalle Construction Company, Inc. | $1,944,342.00 | |
In addition to the contract cost, $122,000.00 is required for project management, material testing and inspection and $45,000.00 is provided for project contingency.
This 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 Note (DPN) Program will be used to provide interim financing for this project until debt is issued. To the extent resources other than the Water and Sewer portfolio are used to provide interim financing, the Water and Sewer Fund will be charged 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, which could mean issuance of securities under the DPN 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.
The City Council adopted the Water Department's Fiscal Year 2016-2020 Five Year Capital Improvement Plan on February 2, 2016, Mayor and Council Communication (M&C G-18662). This City Council adopted plan includes this specific project, with funding identified through the DPN program to be reimbursed with future revenue bonds. In accordance with the provisions of the Financial Management Policy Statement, Staff anticipates presenting revenue-supported debt issuances to the City Council for consideration within the next three years. This 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 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.
Construction is anticipated to commence in July 2017 with a contract time of 60 calendar days, the project is estimated to be complete by the end of August 2017.
This project will have no impact on the Water Department's Operating Budget when complete. M/WBE OFFICE - S.J. Louis Construction of Texas, Ltd., is in compliance with City's BDE Ordinance by committing to eight percent MBE participation. The City's MBE goal on this project is six percent. The project is located in COUNCIL DISTRICT 7, Mapsco 22 B and 22F.
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