Approve Resolution Authorizing the Publication of a Notice of Intent to Enter into One or More Contracts for the Acquisition, Construction and Equipping of a New District Transportation Operations and Vehicle Maintenance Facility Pursuant to the Provisions of Section 271.004 of the Texas Local Government Code; Authorizing District Staff to Perform All Necessary Action Related to the Possible Issua

Staff Report & Agenda Item Details

11.C.2.a. Approve Resolution Authorizing the Publication of a Notice of Intent to Enter into One or More Contracts for the Acquisition, Construction and Equipping of a New District Transportation Operations and Vehicle Maintenance Facility Pursuant to the Provisions of Section 271.004 of the Texas Local Government Code; Authorizing District Staff to Perform All Necessary Action Related to the Possible Issuance of One or More Series of Lease Revenue Bonds by the Fort Worth Independent School District Public Facility Corporation; and Other Matters in Connection Therewith Attachments: ( 2 ) Resolution Authorizing the Publication of a Notice of Intent Resolution Discussion: Trustee Anne Darr: Is it possible/necessary to have a few mini-sessions (no more than 4 trustees in each session) with trustees explaining this resolution, the process, etc. between now and March 26, 2024? Response: Mini-sessions can be scheduled as necessary with the trustees.   I will need to check with Dr. Molinar on these dates/times prior to the 26 th . Trustee Anne Darr: What is the current fair market value of the land that the present-day District Transportation Operations and Vehicle Maintenance Facility is on? Does FWISD own this land outright? Response: The 27 acre parcel of land adjoining the existing 3 acre facility appraised for approximately $2.6 million in 2020. The current approximate value of the combined 30 acre land parcel is estimated at $3 million, with a new appraisal pending. Trustee Anne Darr: Exactly what FWISD services are currently provided by this facility? Response: Approximately 30% of FWISD transportation services. Trustee Anne Darr: How will FWISD manage transportation operations and vehicle maintenance if a new facility is NOT constructed on Longvue Avenue? Response: Without this facility, efficiency of services will decrease resulting in longer bus routes and increased operational costs. Trustee Anne Darr: When does the TX DOT Fort Worth District plan to demolish the existing FWISD facility? Will this timeline provide FWISD with enough time to build a new facility? If not, what is the plan to ensure the continuation of services throughout the District until a new facility is constructed? Response: According to the TxDOT Fact Sheet , this project is scheduled to begin construction in the Fall of 2028.   It is anticipated that this timeline will provide FWISD with sufficient time to build its new facility prior to the start of the TxDot project. Trustee Anne Darr: How will investing in this new facility positively impact student academic success? Response: Many FWISD students rely on the district to provide safe and reliable transportation services to and from school each day. Trustee Anne Darr: What are the advantages of creating a Public Facilities Corporation (PFC) to fund this project? What are the disadvantages? Response: Advantages of creating a PFC to fund this project: -Allows the District to utilize a financing mechanism where the cost of