The 24-inch water main along Farm Road (FM 3225) was installed by FG Aledo Development LLC. 5,065 linear feet of the 24-inch water main will serve Morningstar Development and surrounding developments within the Westside V pressure plane.
The qualified cost used to establish this water main capacity charge is $1,094,463.00. FG Aledo Development LLC, the developer, paid for the engineering cost, easement cost, and construction cost. Fort Worth Water Department and Walsh Ranch Development paid to upsize the approach water main from 16 inches to 24 inches in diameter.
The qualified costs used to establish this water main capacity charge are outlined below: Developer Construction Cost | $696,218.00 | City Construction Cost Participation | $232,975.00 | Walsh Ranch Cost Participation | $18,988.00 | Engineering Design Cost | $88,131.00 | Easement Cost | $58,151.00 | Total | $1,094,463.00 |
The water main capacity charge for the 24-inch water main is $85,772.00 per MGD in accordance with City Code Section 35-92. This amount will be reimbursed to the Developer (FG Aledo Development, LLC) and Fort Worth Water Department with 78.3% reimbursed to the Developer and 21.7% to the Water Department.
Walsh Ranch Development paid for the water capacity needed for their development at the time of construction of the 24-inch water line. Walsh Ranch development is not eligible for reimbursement for this water main capacity charge. Total collections on this water main capacity charge will be capped at $1,075,475.00. This water main meets the criteria established under the water main capacity charge policy.
The boundary area is determined for the purpose of assessment review. The boundary is used as a guideline, not as a definitive boundary for service area due to the possibility of varying lots sizes that may be proposed. If a plat meets the definition of "Other Development" stated in the water main capacity charge policy, then the plat will be assessed the water main capacity charge even though the plat may be located adjacent to, within, and/or outside the boundary area.
The adoption of this charge is in accordance with Chapter 35, "Water and Sewers", Division IV, "Water Main Capacity Charges".
The water main is located adjacent to COUNCIL DISTRICT 3 in the City of Fort Worth ETJ.
This M&C does not request approval of a contract with a business entity. |