Title
Consider/Discuss/Act on an Ordinance Amending the Fiscal Year 2022-2023 Annual Budget and Amending the 2023-2027 Capital Improvements Program, to Provide Funds For Professional and Construction Services Related to the McKinney Municipal Complex Project (FC1707) and Appropriating the Transfer of TIRZ1 Bond Funding to the Respective City Funds
Summary
COUNCIL GOAL: Operational Excellence
(2B: Balance Available Resources to Accommodate the Growth
and Maintenance Needs of the City)
MEETING DATE: October 18, 2022
DEPARTMENTS: City Manager’s Office
Facilities Construction Division
CONTACTS: Barry Shelton, Assistant City Manager
Patricia L. Jackson, PE, Facilities Construction Manager
RECOMMENDED CITY COUNCIL ACTION:
• Approval of the Ordinance.
ITEM SUMMARY:
• This Ordinance amends the Fiscal Year 2022-2023 Annual Budget and the 2023-2027 Capital Improvements Program to provide funding for Professional and Construction services for the McKinney Municipal Complex Project (FC1707) in the amount of $8,520,000 and appropriates the transfer of TIRZ1 bond funding to the respective City funds.
BACKGROUND INFORMATION:
• In 2008, due to growth of the City and widespread City facilities the decision was made to pursue construction of a new municipal complex.
• In a companion agenda items, a Construction Manager at Risk (CMAR) contract and a Construction Materials Observation, Engineering and Testing services contract is being recommended for the McKinney Municipal Complex Project.
• In Fiscal Year 2021-2022 the TIRZ1 fund issued $15,520,000 in bonds for the purposes of the construction of a new city hall and related street and utility improvements. In addition to adding funding to the McKinney Municipal Complex Project (FC1707), this agenda item also appropriates the transfer of the TIRZ1 bond funding to the respective City construction funds.
FINANCIAL SUMMARY:
• This ordinance amends the Fiscal Year 2022-2023 Annual Budget and the 2023-2027 Capital Improvements Program by appropriating $11,520,000 in the TIRZ1 fund as a transfer to the Facilities Improvement Fund for the McKinney Municipal Complex Project (FC1707) of which $8,000,000 of expenditure appropriations were previously approved in the 2023-2027 Capital Improvements Program and the remaining $3,520,000 is being appropriated at this time.
• This ordinance amends the Fiscal Year 2022-2023 Annual Budget by appropriating $4,000,000 in the TIRZ1 fund as a transfer to the Street Construction Fund for Municipal Complex Area Infrastructure Improvements (ST2235) where the project expenditure appropriations were previously approved in the 2023-2027 Capital Improvements Program.
• This ordinance amends the Fiscal Year 2022-2023 Annual Budget and the 2023-2027 Capital Improvements Program by transferring $1,000,000 from the General Fund balance and $1,000,000 from the Water/Wastewater Fund balance and appropriating the funds in the Facilities Improvement Fund for the McKinney Municipal Complex Project (FC1707).
• This ordinance amends the Fiscal Year 2022-2023 Annual Budget and the 2023-2027 Capital Improvements Program by appropriating $3,000,000 of American Rescue Plan Act (ARPA) funds to the Facilities Improvement Fund for the McKinney Municipal Complex Project (FC1707).
• Upon approval of this item and companion agenda items for the Construction Manager at Risk (CMAR) contract and the Construction Materials Observation, Engineering and Testing services contract, $387,683 will remain in Project FC1707.
BOARD OR COMMISSION RECOMMENDATION:
• NA