AGENDA 2012 AND 2014 BOND OVERSIGHT COMMITTEES … · 2018. 2. 1. · 2012 AND 2014 BOND OVERSIGHT COMMITTEES February 23, 2017 ... Vorel, described a recommended public art for park

AGENDA

2012 AND 2014 BOND OVERSIGHT COMMITTEES

February 23, 2017

Joint Meeting of the City of Denton 2012 Bond Oversight Committee and 2014 Bond Oversight

Committee on Thursday, February 23, 2017 at 12:00 p.m. in the City Hall Conference Room, at City

Hall, 215 E. McKinney Street, Denton, Texas at which the following items will be considered:

OPEN MEETING:

1. Call to order, announce quorum and introductions of the 2012 Bond Oversight Committee.

2. Hold a discussion and appoint a Chairperson for the 2012 Bond Oversight Committee.

3. Call to order, announce quorum and introductions of the 2014 Bond Oversight Committee.

4. Consider approval of minutes of February 16, 2016 of the 2014 Bond Oversight Committee.

5. Receive a report, hold a discussion, and give staff direction regarding the current status of funded

projects.

6. Receive a report, hold a discussion, and give staff direction regarding the issuance timeline for

General Obligation Bonds for the 2012 and 2014 bond election projects.

7. Under Section 551.042 of the Texas Open Meeting Act, respond to inquiries from the 2012 and

2014 Bond Oversight Committee or the public with specific factual information or recitation of

policy, or accept a proposal to place the matter on the agenda for an upcoming meeting.

AND

Under Section 551.0415 of the Texas Open Meetings Act, provide reports about items of

community interest regarding which no action will be taken, to include: expressions of thanks,

congratulations or condolence; information regarding holiday schedules; an honorary or

salutary recognition of a public official, public employee, or other citizen; a reminder about an

upcoming event organized or sponsored by the governing body; information regarding a social,

ceremonial, or community event organized or sponsored by an entity other than the governing

body that was attended or is scheduled to be attended by a member of the governing body or an

official or employee of the municipality; or an announcement involving an imminent threat to

the public health and safety of people in the municipality that has arisen after the posting of the

agenda.

CERTIFICATE

I certify that the above notice of meeting was posted on the bulletin board at the City Hall of the City

of Denton, Texas, on the ______ day of February, 2017 at ____ o’clock p.m.

CITY SECRETARY

NOTE: The City Hall Conference Room at City Hall is handicap-accessible in accordance with the

Americans with Disabilities Act. The City will provide sign language interpreters for the hearing

impaired if requested at least 48 hours in advance of the scheduled meeting. Please call the City

Secretary’s office at (940) 349-8309 or use telecommunications devices for the deaf (TDD) by

calling 1-800-RELAY-TX so that a sign language interpreter can be scheduled through the City

Secretary’s office.

THIS PAGE INTENTIONALLY LEFT BLANK

AGENDA INFORMATION SHEET

AGENDA DATE: February 23, 2017

DEPARTMENT: Finance

ACM: Bryan Langley

SUBJECT

Call to order, announce quorum and introductions of the 2012 Bond Oversight Committee.

BACKGROUND

On February 12, 2013, the Denton City Council created the 2012 Bond Oversight Committee for

the purpose of providing guidance when adjustments and changes to the bond program might be

necessary. The City Council appointed the following individuals: Marty Rivers, Tim Crouch, Jo

Williams, David Sanchez, Calvin Evans, Jerry Clark and Michael Gibson.

The purpose of this item is to call to order, announce quorum and introductions of the 2012 Bond

Oversight Committee.

EXHIBITS

None.

Respectfully submitted:

Chuck Springer, 349-8260

Director of Finance

2012 & 2014 JOINT BOND OVERSIGHT COMMITTEE AGENDA: Item #1




DEPARTMENT: Finance

ACM: Bryan Langley

SUBJECT

Hold a discussion and appoint a Chairperson for the 2012 Bond Oversight Committee.

BACKGROUND



necessary.

The purpose of this item is to allow the Committee an opportunity to consider nominations for

the Chair position.

EXHIBITS

1. Resolution



Director of Finance


s: llegallour documentslresolutions\ 13\ oversight committee.doc

soLUT1oN No. R2013-005

A RESOLUTION CREATING A SPECIAL SEVEN ( 7) MEMBER OVERSIGHT

COMMITTEE TO MONITOR, EVALUATE AND REPORT ON PROGRESS OF THE FIVEYEAR CAPITAL IMPROVEMENT PROGRAM, WHICH WAS APPROVED BY THE

VOTERS AT THE BOND ELECTION ON NOVEMBER 6, 2012; AND PROVIDING FORAN EFFECTIVE DATE.

WHEREAS, the City Council called and ordered a bond election for November 6, 2012, for the purpose of submitting to the voters of the City of Denton certain capital improvements, which bonds were approved by the voters as a result of the election; and

WHEREAS, the Citizens Bond Advisory Committee fulfilled its charge of makingrecommendations relative to the projects which should be submitted to the electorate; and

WHEREAS, as has been the practice and is recommended that a special committee be

appointed by the City Council to monitor, evaluate, and report on the progress of the Five YearCapital Improvement Program; and

WHEREAS, the City Council is desirous of accepting such recommendation; NOW, THEREFORE,

THE COUNCIL OF THE CITY OF DENTON HEREBY RESOLVES:

SECTION 1. The City Council hereby creates a special seven ( 7) member oversightcommittee to monitor, evaluate, and report on the progress of the Five Year Capital Improvement

Program, which was approved by the voters at the bond election on November 6, 2012. The

committee shall make recommendations to the City Council when potential changes oradjustments to the bond projects occur.

SECTION 2. The Oversight Committee shall serve for five years or until substantial

expenditure of the funds from the approved bond program.

SECTION 3. This resolution shall become effective immediately upon its passage andapproval.

PASSED AND APPROVED this the /,/ day of G , 2013.

MA A. B O S, MAYOR

s:\ legallour documentslresolutions1131bond committee reso 021213. doc

ATTEST:

JENNIFER WALTERS, CITY SECRETARY

BY: ' -

APPR ED A TO LEGAL FORM:

ANITA BURGESS, CITY ATTORNEY

BY: ,/ n 1z l,t<-- 1

Page 2




DEPARTMENT: Finance

ACM: Bryan Langley

SUBJECT

Call to order, announce quorum and introductions of the 2014 Bond Oversight Committee.

BACKGROUND



necessary.

The purpose of this item is to call to order, announce quorum and introductions of the 2014 Bond

Oversight Committee.

EXHIBITS

1. Resolution



Director of Finance


c,\ users\ 2376634 \appdata \local \microsoft \windows \temporary internet files \content.outlook \zr7bgbp9 \bond committee reso 020315. doc

RESOLUTION NO. R2015 -003

A RESOLUTION CREATING AND APPOINTING MEMBERS TO A SPECIAL FIVEMEMBER OVERSIGHT COMMITTEE TO MONITOR, EVALUATE AND REPORT ONPROGRESS OF THE SIX YEAR CAPITAL IMPROVEMENT PROGRAM, WHICH WAS

APPROVED BY THE VOTERS AT THE BOND ELECTION ON NOVEMBER 4, 2014; ANDPROVIDING FOR AN EFFECTIVE DATE.

WHEREAS, the City Council called and ordered a bond election for November 4, 2014, for the purpose of submitting to the voters of the City of Denton certain capital improvements, which bonds were approved by the voters as a result of the election; and

WHEREAS, the Citizens Bond Advisory Committee fulfilled its charge of makingrecommendations relative to the projects which should be submitted to the electorate; and

WHEREAS, as has been the practice and is recommended that a special committee be

appointed by the City Council to monitor, evaluate, and report on the progress of the SixYearCapital Improvement Program; and

WHEREAS, the City Council is desirous of accepting such recommendation; NOW, THEREFORE,

THE COUNCIL OF THE CITY OF DENTON HEREBY RESOLVES:

SECTION 1. The City Council hereby creates a special five member oversightcommittee to monitor, evaluate, and report on the progress of the Six Year Capital Improvement

Program, which was approved by the voters at the bond election on November 4, 2014. The

committee shall make recommendations to the City Council when potential changes oradjustments to the bond projects occur.

SECTION 2. The membership of the Oversight Committee shall consist of the Chairsand Subcommittee Chairs of the 2014 Citizen Bond Advisory Committee: Tim Crouch, RandyRobinson, Sarah Hoffman, Brandon McCleskey, and Janet Shelton

SECTION 3. The Oversight Committee shall serve for five years or until substantial

expenditure of the funds from the approved bond program.

SECTION 4. This resolution shall become effective immediately upon its passage andapproval.

PASSED AND APPROVED this the S

Exhibit 1

c:\ users\ 2376634 \appdata \local \microsoft \windows \temporary internet files \content.outlook \zr7bgbp9 \bond committee reso 020315. doc

ATTEST:

JENNIFER WALTERS, CITY SECRETARY

BY; ..

APPI [" D Al. TO LEGAL FORM:

ANITA BURGESS, CITY ATTORNEY

BY-

Page 2

Exhibit 1




DEPARTMENT: Finance

ACM: Bryan Langley

SUBJECT

Consider approval of 2014 Bond Oversight Committee minutes of February 6, 2016.

BACKGROUND

The draft minutes from the 2014 Bond Oversight Committee meeting of February 6, 2016 are

attached for the Committee’s consideration and approval.

EXHIBITS

1. Draft Minutes – February 6, 2016



Director of Finance


AGENDA

2014 BOND OVERSIGHT COMMITTEE

February 16, 2016

Draft Minutes

After determining that a quorum was present, the 2014 Bond Oversight Committee of the City of

Denton, Texas, convened in a regular meeting on February 16, 2016, at 11:02 a.m., in the City Hall

Conference Room, at City Hall, 215 E. McKinney Street, Denton, Texas at which the following

items will be considered:

PRESENT: Committee Chair, Randy Robinson; Committee Member, Janet Shelton;

Committee Member, Sarah Hoffman; Committee Member, Brandon

McCleskey; Committee Member, Tim Crouch

STAFF PRESENT: Bryan Langley, Assistant City Manager; Howard Martin, Assistant City

Manager; Jon Fortune, Assistant City Manager; Chuck Springer, Director

of Finance; Antonio Puente, Assistant Director of Finance; Mark Nelson,

Director of Transportation; Frank Payne, City Engineer; Keith Gabbard,

Street and Drainage Superintendent; Kenneth Hedges, Assistant Fire

Chief; Emerson Vorel, Director of Parks and Recreation; John Davis,

Director of Engineering Services; Roger White, Police Deputy Chief;

Nancy Towle, Budget Manager; Cindy Liang, Accountant; and Kristy

Odom, Recording Secretary.

ABSENT: Committee Member, Tim Crouch

The following items were considered:

OPEN MEETING:

1. Consider approval of 2014 Bond Oversight Committee Minutes of December 9, 2015.

Brandon McCleskey, Committee Member made a motion to approve minutes. Committee

Member, Janet Shelton seconded the motion. Motion carried unanimously.

2. Receive a report, hold a discussion and give staff direction regarding the issuance timeline

for General Obligation Bonds for the 2014 bond election projects.

Chuck Springer, Director of Finance, addressed the recommended changes on the planned

issuance dates by project for the 2014 bond program.

Emerson Vorel, mentioned the change to the sale of bonds for public art projects. The City has

received a certificate of appropriateness to remove the original fire bell from City Hall West

dating back to the 1800’s and build a 9/11 Firefighters Memorial in front of Central Fire where

the original bell will be hung. This has been moved up to the current year in order to try and have

the project complete by the fifteen year anniversary of the September 11 tragedy.

Vorel, described a recommended public art for park projects. Jesus Morales, a sculptor at UNT

has passed and the City has been offered a piece of his art, and the public art committee would

like to have it installed in the courtyard at City Hall.

Springer, discussed the total general obligation bonds recommended to be sold has increased for

2016, but certificates of obligation sale for 2016 is being reduced. He stated that the tax rate is

about the same, conservatively estimated at ¾ of a cent tax increase over the next couple years

related to the planned debt sales in 2016 and 2017.

He will be taking the necessary action items to council in March / April to move forward.

Sarah Hoffman, Committee Member made a motion to recommend the changes for the 2015-16

bond sale to council for full approval. Committee Member, Janet Shelton seconded the motion.

Motion carried unanimously.

3. Management Report – Memorandum regarding the Sidewalk Improvement Plan.

Frank Payne, City Engineer, explained that the staff from the Streets, Transportation, and Traffic

departments meet over the history of missing sidewalks, or projects that need to be completed

and came up with a cost estimate of those items. The sidewalk projects are then prioritized based

on ADA compliance and those projects will be moved to the top, of the list for completion.

4. Under Section 551.042 of the Texas Open Meeting Act, respond to inquiries from the

Audit/Finance Committee or the public with specific factual information or recitation of

policy, or accept a proposal to place the matter on the agenda for an upcoming meeting.

AND

Under Section 551.0415 of the Texas Open Meetings Act, provide reports about items of

community interest regarding which no action will be taken, to include: expressions of

thanks congratulations or condolence; information regarding holiday schedules; an

honorary or salutary recognition of a public official, public employee, or other citizen; a

reminder about an upcoming event organized or sponsored by the governing body;

information regarding a social, ceremonial, or community event organized or sponsored by

an entity other than the governing body that was attended or is scheduled to be attended by

a member of the governing body or an official or employee of the municipality; or an

announcement involving an imminent threat to the public health and safety of people in the

municipality that has arisen after the posting of the agenda.

With no additional business to be addressed, the Committee adjourned at 11:28 a.m.

________________________________ _______________________________

RANDY ROBINSON KRISTY ODOM COMMITTEE CHAIR RECORDING SECRETARY

CITY OF DENTON, TEXAS CITY OF DENTON, TEXAS




DEPARTMENT: Finance

ACM: Bryan Langley

SUBJECT

Receive a report, hold a discussion, and give staff direction regarding the current status of funded

projects.

BACKGROUND

The purpose of this item is to provide the committees an update of currently funded projects.

Staff has attached the City’s General Obligation (GO) Bond Program Update for the 1st Quarter

of FY 2017 (Exhibit 1). Similar updates have been included in the City’s Quarterly Financial

Report since the 1st Quarter of FY 2016 and are available on the City’s website. The following

table reflects the total amount of GO bonds authorized, issued and remaining as of the date of

this report:

Program/Purpose Authorized Issued Remaining

2012 / Streets $ 20,000,000 $16,000,000 $ 4,000,000

2012 / Public Art $ 400,000 $ 400,000 $ -

Subtotal – 2012 Bond Program $ 20,400,000 $16,400,000 $ 4,000,000

2014 / Streets $ 61,710,000 $13,340,000 $48,370,000

2014 / Public Safety $ 16,565,000 $ 8,355,000 $ 8,210,000

2014 / Drainage $ 8,545,000 $ 5,255,000 $ 3,290,000

2014 / Parks $ 11,355,000 $ 4,280,000 $ 7,075,000

Subtotal – 2014 Bond Program $ 98,175,000 $31,230,000 $66,945,000

Grand Total $118,575,000 $47,630,000 $70,945,000

Discussion on the issuance timing of the remaining bonds will be detailed in the next item of

today’s agenda. However, be advised that on October 18, 2016, the City Council approved a

reimbursement ordinance in which $2.1 million in GO Bond funded projects for FY 2016-17

were authorized to proceed well in advance of the planned bond sale which is tentatively planned

for May 2017. As of the date of this report, only $1.5 million of that amount has been initiated

and is reflected on the attached GO Bond Program Update ($1 million for Fire Station 4 and

$500,000 for traffic signals).

The following is a brief highlight of a few major projects contained in Exhibit 1:

1. The City has spent or encumbered approximately $10.4 million for street reconstruction

projects. This amount includes bonds from both the 2012 and 2014 Bond Programs.

While the GO Bond Program Update attempts to provide an accounting by bond

program, the committees should be aware that staff has not restricted the use of these


Agenda Information Sheet

February 23, 2017

P a g e | 2

bonds to the list of streets presented to each of the Citizen Bond Advisory Committees.

The primary reason being the scheduling of these projects. In other words, the bonds

have been utilized on street projects that are ready for reconstruction with no underlying

utility work. Street Department staff will be available to the committees to discuss this

matter in more detail, if needed.

2. The City has issued $7,225,000 for Fire Station 3 ($2,205,000) and 4 ($5,020,000) and

planned to issue the remaining $6,415,000 for Fire Station 3 in May 2017. However, as a

result of higher than anticipation construction costs, staff has re-prioritized bonds in order

to complete Fire Station 4 which is the more immediate project. Staff transferred

$1,100,000 from the Fire Station 3 project to the Fire Station 4 project. The budget for

the Fire Station 4 project is now $6,120,000. Additionally, the Fire Department is in the

process of constructing a training tower for which additional funding is needed. This

project was initially funded with $2,700,000 in Certificates of Obligation (COs). After

consulting with the City’s Bond Counsel regarding the appropriateness of funding the

training tower with General Obligation Bonds, staff transferred $172,000 from the Fire

Station 3 project to the training tower project. The budget for the training tower project

is now $2,872,000. As a result of these transfers, the Fire Station 3 project now has a

budget of $7,348,000 although staff estimates the true cost to be approximately

$8,620,000. In conjunction with the FY 2017-18 budget process, staff plans to discuss

with the City Council funding options to complete Fire Station 3.

Staff from various departments will be available during the meeting to respond to any questions

the committee’s may have on any of the projects reflected in Exhibit 1.

EXHIBITS

1. GO Bond Program Update – 1st Quarter FY 2017



Director of Finance

Prepared by:

Antonio Puente, Jr.

Assistant Director of Finance

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din

g survey.

12.

East S

ide L

oo

p 2

88 S

idew

alk $8

5,0

00 -

Pro

ject survey b

eing co

nducted

. Prelim

inary layo

ut in

design

.

Pro

po

sition

1 –S

treet Im

pro

vem

en

ts

2014 G

O B

ON

D P

RO

GR

AM

UP

DA

TE

Pro

gra

m

Desc

riptio

nS

taff

Co

mm

en

ts

Hick

ory

Creek

Ro

ad –

FM

2181 to

Riverp

assSo

liciting co

nsu

ltant p

rop

osals fo

r design

and co

nstru

ction

. Staff an

alyzing

existin

g plan

s for o

ptio

ns to

up

date.

Mo

rseStreet E

xp

ansio

nW

ork

ing w

ith co

nsu

ltant o

n p

rop

osal fo

r design

. Still an

ticipate in

clusio

n o

f con

structio

n in

Mayh

ill Ro

ad

pro

ject.

Ruddell

Exten

sion

Co

nsu

ltant d

esign at 6

0%

com

plete. W

ork

ing th

rough

drain

age issu

es and U

PR

R co

ord

inatio

n.

Misc. R

oad

ways

Hick

ory

Creek

Ro

ad b

etween

FM

2181 an

d F

M 2

499 $6

00,0

00 (th

is fun

din

g is the su

m to

tal of all b

on

ds so

ld

for th

is item to

date p

lus th

e reimb

ursem

ent o

rdin

ance am

oun

t) –L

ocal m

atch fo

r RT

R p

roject. F

ully execu

ted

agreem

ent fo

r pro

ject received fro

m T

XD

OT

. Design

exp

ected to

begin

Jun

e 2017.

Pro

po

sition

1 –S

treet Im

pro

vem

en

ts

2014 G

O B

ON

D P

RO

GR

AM

UP

DA

TE

Pro

gra

m

Desc

riptio

n

To

tal

Pro

ject C

ost

Bo

nd

s

Issued

Sp

en

t/E

ncu

mb

ere

d

Ava

ilab

le

as o

f 12/

31/

16

Fire S

tation

#4 R

emo

del/

Reb

uild

–Sh

erman

Drive

$5,0

20,0

00

$6,1

20,0

00

$1,2

19,4

09

$4,9

00,5

91

Fire S

tation

#3 R

emo

del/

Reb

uild

–M

cCo

rmick

$8,6

20,0

00

$2,1

05,0

00

$1,8

36,9

73

$268,0

27

Po

lice Lo

bby R

eno

vation

$115,0

00

$115,0

00

$115,0

00

$0

Relo

cation

of C

om

mun

ication

s Cen

ter & C

rimin

al

Investig

ation

sB

ureau

$2,0

00,0

00

$205,0

00

$0$2

05,0

00

Po

lice Firin

g Ran

ge Im

pro

vemen

ts with

Ten

Fo

ot B

erm

Additio

n

$485,0

00

$485,0

00

$31,7

50

$453,2

50

Pub

lic Art fo

r Pub

lic Safety

$325,0

00

$325,0

00

$0$3

25,0

00

Pro

po

sition

2 –

Pu

blic

Safe

ty$16

,565,0

00

$9,3

55,0

00

$3,2

03,13

2$6,15

1,868

2014 G

O B

ON

D P

RO

GR

AM

UP

DA

TE

Pro

gra

m

Desc

riptio

nS

taff

Co

mm

en

ts

Fire S

tation

#4 R

emo

del/

Reb

uild

–Sh

erman

Drive

Ratcliff C

on

structio

n, In

c. received C

ity Co

un

cil app

roval o

n D

ecemb

er 13, 2

016 fo

r a pub

lic wo

rks co

ntract to

con

struct fire statio

n 4

. Exp

ect con

structio

n to

com

men

ce Feb

ruary 2

017.

Fire S

tation

#3 R

emo

del/

Reb

uild

–M

cCo

rmick

Kirk

patrick

Arch

itect Stu

dio

has d

elivered d

esign p

rop

osal. D

esign co

ntract set fo

r March

City C

oun

cil agen

da.

Po

lice Lo

bby R

eno

vation

Th

e pro

ject sho

uld

be co

mp

letedin

two

week

s or less.

Relo

cation

of C

om

mun

ication

s Cen

ter & C

rimin

al

Investig

ation

sB

ureau

Th

e decisio

n h

as been

mad

e to im

pro

ve the co

mm

un

ication

s center in

it’s curren

t locatio

n rath

er than

relocate

to th

e crimin

al investig

ation

s area. Th

is pro

ject sho

uld

begin

soo

n. W

e are wo

rkin

g on

plan

s to re-d

esign th

e

curren

t crimin

al investig

ation

s area as well as th

e futu

re area origin

ally design

ated fo

r the m

ove o

f the crim

inal

investig

ation

s fun

ction

.

Po

lice Firin

g Ran

ge Im

pro

vemen

ts with

Ten

Fo

ot B

erm

Additio

n

Th

isp

roject co

ntin

ues to

move fo

rward

. Mo

re dirt w

ork

has b

een d

on

e as well as fen

cing o

n th

e East sid

e of

the p

rop

erty. Pro

gress h

as been

mad

e in th

e acquisitio

n o

f the p

rop

erty adjo

inin

g the E

ast side o

f the ran

ge.

Th

e actual b

uild

ing is o

n h

old

un

til the p

rop

erty acquisitio

n is fin

al.

Pub

lic Art fo

r Pub

lic Safety

Th

eF

irefighters M

emo

rial design

con

cept w

as app

roved

by C

oun

cil in 2

016. T

he co

nstru

ction

RF

P w

ill take

place in

Feb

ruary 2

017. T

he p

roject is p

rop

osed

to b

e com

pleted

by S

eptem

ber 2

017.

Pro

po

sition

2 –

Pu

blic

Safe

ty

2014 G

O B

ON

D P

RO

GR

AM

UP

DA

TE

Pro

gra

m

Desc

riptio

n

To

tal

Pro

ject C

ost

Bo

nd

s

Issued

Sp

en

t/E

ncu

mb

ere

d

Ava

ilab

le

as o

f 12/

31/

16

Eagle D

riveD

rainag

e Imp

rovem

ents P

hase 2

$2,0

98,0

00

$2,0

98,0

00

$195,8

01

$1,9

02,1

99

Hick

ory S

treet Drain

age &

Tru

nk L

ine S

ystem –

Dow

nto

wn

Imp

lemen

tation

Plan

$600,0

00

$600,0

00

$0$6

00,0

00

Magn

olia S

treet Drain

age

Ph

ase 2 (H

inkle P

roject)

$2,5

57,0

00

$2,5

57,0

00

$89,5

22

$2,4

67,4

78

Pro

po

sition

3 –

Dra

inag

e &

Flo

od

Co

ntro

l Imp

rove

men

ts$5,2

55,0

00

$5,2

55,0

00

$285,3

23

$4,9

69,6

77

2014 G

O B

ON

D P

RO

GR

AM

UP

DA

TE

Pro

gra

m

Desc

riptio

nS

taff

Co

mm

en

ts

Eagle D

riveD

rainag

e Imp

rovem

ents P

hase 2

Plan

up

dates co

mp

leted.R

OW

/easem

ents fu

lly acquired

. Utility relo

cation

s associated

with

drain

age p

roject to

be co

ord

inated

with

TxD

OT

. TxD

OT

MO

U exp

ected F

ebru

ary 2017.

Hick

ory S

treet Drain

age &

Tru

nk L

ine S

ystem –

Dow

nto

wn

Imp

lemen

tation

Plan

Pro

po

sal received fro

m co

nsu

ltant. A

nticip

ate Co

un

cil app

roval M

arch 7

, 2017. C

oo

rdin

ating w

ith d

ow

nto

wn

develo

pm

ent.

Magn

olia S

treet Drain

age

Ph

ase 2 (H

inkle P

roject)

Design

app

roxim

ately 40%

com

plete. C

on

sultan

t pro

po

sal received –

anticip

ate Co

un

cil app

roval o

n M

arch 2

1,

2017.

Pro

po

sition

3 –

Dra

inag

e&

Flo

od

Co

ntro

lIm

pro

vem

en

ts

2014 G

O B

ON

D P

RO

GR

AM

UP

DA

TE

Pro

gra

m

Desc

riptio

n

To

tal

Pro

ject C

ost

Bo

nd

s

Issued

Sp

en

t/E

ncu

mb

ere

d

Ava

ilable

as o

f 12/

31/

16

Playg

roun

d R

eplacem

ents

$890,0

00

$150,0

00

$39,5

17

$110,4

83

Park

Imp

rovem

ents (S

outh

Lak

es, Lak

e Fo

rest)$3

55,0

00

$55,0

00

$0$5

5,0

00

Sp

raygro

un

d$2

00,0

00

$200,0

00

$4,4

00

$195,6

00

Water W

ork

sP

ark A

dditio

ns –

Wave P

oo

l/C

on

cession

Stan

d$2

,442,0

00

$2,4

42,0

00

$2,4

38,7

23

$3,2

77

Vela S

occer C

om

plex

Ph

ase II Co

nstru

ction

$1,3

33,0

00

$1,3

33,0

00

$0$1

,333,0

00

Pub

lic Art fo

r Park

s$1

80,0

00

$100,0

00

$67,3

60

$32,6

40

Pro

po

sition

4 –

Park

Syste

m Im

pro

vem

en

ts$5,4

00,0

00

$4,2

80,0

00

$2,5

50,0

00

$1,7

30,0

00

2014 G

O B

ON

D P

RO

GR

AM

UP

DA

TE

Pro

gra

m

Desc

riptio

nS

taff

Co

mm

en

ts

Playg

roun

d R

eplacem

ents

Evers P

ark p

laygro

un

d co

mp

lete.C

arl Yo

un

g Sr. p

laygro

un

d sch

eduled

for rep

lacemen

t in co

nju

nctio

n w

ith

spray g

roun

d in

Sp

ring 2

017.

Park

Imp

rovem

ents (S

outh

Lak

es, Lak

e Fo

rest)T

he sh

elter and b

asketb

all court co

nstru

ction

at Lak

e Fo

rest & M

ilam P

arks w

ere com

pleted

via an

end

ow

men

t

from

a private

foun

datio

n alo

ng w

ith m

atchin

g fun

ds.

Sp

raygro

un

dD

esign co

ncep

ts are bein

g prep

ared fo

r the sp

ray gro

un

d an

d th

erestro

om

s. Survey fo

r plattin

g com

pleted

and

forw

arded

to A

rchitect. C

on

ceptu

al design

s have b

een sh

ared w

ith m

emb

ers of S

ED

NA

via 4

pub

lic meetin

gs.

An

ticipated

com

pletio

n S

prin

g 2017.

Water W

ork

sP

ark A

dditio

ns –

Wave P

oo

l/C

on

cession

Stan

dT

he

Wave P

oo

l con

tractw

as app

roved

by C

ity Co

un

cil in N

ovem

ber 8

, 2016. C

on

structio

n b

egins Jan

uary 2

017,

po

ol an

d co

ncessio

n o

pen

Sp

ring 2

017.

Vela S

occer C

om

plex

Ph

ase II Co

nstru

ction

100%

plan

s have b

een su

bm

itted fro

m D

un

away. S

taff is com

pletin

g the D

RC

pro

cess. An

ticipated

com

pletio

n

Sum

mer 2

018.

Pub

lic Art fo

r Park

sT

he M

oro

lesscu

lptu

rew

as installed

in th

e City H

all Co

urtyard

Sep

temb

er 2016.T

he P

ub

lic Art C

om

mittee is

ob

tainin

g an art ap

praisal fo

r a James S

urls

sculp

ture.

Pro

po

sition

4 –

Park

Syste

m Im

pro

vem

en

ts




DEPARTMENT: Finance

ACM: Bryan Langley

SUBJECT

Receive a report, hold a discussion, and give staff direction regarding the issuance timeline for

General Obligation Bonds for the 2012 and 2014 bond election projects.

BACKGROUND

The purpose of this item is to discuss the planned FY 2016-17 General Obligation (GO) bond

issuance for projects approved in the 2012 and 2014 bond election plus the timeline for the next

three years (Exhibit 1).

EXHIBITS

1. Issuance Timeline for General Obligation Bonds


Chuck Springer

Director of Finance

Prepared by:

Antonio Puente, Jr.

Assistant Director of Finance


PR

OG

RA

M D

ESCR

IPTIO

N

PR

OJEC

T

CO

STFY

2014-15FY

2015-16FY

20

16

-17

FY 2

01

7-1

8FY

20

18

-19

FY 2

01

9-2

0

1R

econ

structio

n o

f Resid

ential, C

ollecto

r, & A

rterial Streets

24,000,000$

2,000,000

2,000,000

7,000,000

7,000,000

6,000,000

2M

isc Traffic Signals

3,000,000$

500,000

500,000

500,000

500,000

500,000

500,000

3N

ew Tran

spo

rtation

Divisio

n Facility

1,500,000$

1,500,000

4R

ail Qu

iet Zon

e - McK

inn

ey Street to

Prairie Stree

t350,000

$ 350,000

5R

ail Qu

iet Zon

e - Un

ion

Pacific R

ailroad

No

rth930,000

$ 930,000

6B

on

nie B

rae Secon

dary A

rterial from

IH35E to

No

rth o

f Scriptu

re9,500,000

$ 2,000,000

7,500,000

7M

iscellaneo

us Sid

ewalks

2,000,000$

250,000

700,000

700,000

350,000

8H

ickory C

reek R

oad

- FM 218

1 to

Riverp

ass3,000,000

$ 3,000,000

9B

on

nie B

rae Secon

dary A

rterial from

Un

iversity to W

ind

sor

6,100,000$

600,000

1,000,000

4,500,000

10

Mo

rse Street Exp

ansio

n to

Full C

ollecto

r Cap

acity - Loo

p 28

8 to

Mayh

ill2,900,000

$ 1,250,000

1,650,000

11

Ru

dd

ell Extensio

n at M

ingo

Ro

ad5,780,000

$ 790,000

4,990,000

12

Wh

eeler R

idge C

on

nectio

n to

FM 2

181 at Jo

rdan

Lane

620,000$

210,000

410,000

13

Miscellan

eou

s Ro

adw

ays2,000,000

$ 500,000

100,000

400,000

500,000

500,000

14

Pu

blic A

rt for Stree

t Imp

rovem

ents

30,000$

30,000

15

PR

OP

OSITIO

N 1

61,710,000$

9,140,000$

4,200,000$

4,9

50

,00

0$

2

1,3

40

,00

0$

1

0,1

40

,00

0$

1

1,9

40

,00

0$

16

17

Fire Station

#4 R

emo

del/R

ebu

ild - Sh

erman

Drive

5,020,000$

1,120,000

3,900,000

18

Fire Station

#3 R

emo

del/R

ebu

ild - M

cCo

rmick

8,620,000$

955,000

1,250,000

6,415,000

19

Po

lice Lob

by R

eno

vation

115,000$

115,000

20

Relo

cation

of C

om

mu

nicatio

ns C

enter &

Crim

inal In

vestigation

s Bu

reau2,000,000

$ 205,000

1,795,000

21

Po

lice Firing R

ange Im

pro

vemen

ts w/ Ten

Foo

t Berm

Ad

ditio

n485,000

$ 485,000

22

Pu

blic A

rt for P

ub

lic Safety325,000

$ 325,000

23

PR

OP

OSITIO

N 2

16,565,000$

2,880,000$

5,475,000$

8,2

10

,00

0$

-

$

-$

-

$

24

25

Eagle Drive D

rainage Im

pro

vemen

ts Ph

ase 22,097,000

$ 2,098,000

26

PEC

-4 Drain

age Imp

rovem

ents P

hase 2

- West o

f Locu

st to P

rairie2,485,000

$ 2,485,000

27

Hicko

ry Street D

rainage &

Trun

k Line System

- Do

wn

tow

n Im

plem

entatio

n P

lan600,000

$ 600,000

28

Sou

th B

ell Drain

age System - D

ow

nto

wn

Imp

lemen

tation

Plan

806,000$

100,000

705,000

29

Magn

olia Stree

t Drain

age Ph

ase 2 (H

inkle P

roje

ct)2,557,000

$ 2,557,000

30

PR

OP

OSITIO

N 3

8,545,000$

4,655,000$

600,000$

-$

2

,58

5,0

00

$

70

5,0

00

$

-$

31

32

Playgro

un

d R

eplacem

ents

890,000$

150,000

450,000

150,000

140,000

33

Park Im

pro

vemen

ts (Sou

th Lakes, Lake Fo

rest)355,000

$ 55,000

300,000

34

Pro

perty A

cqu

isition

(for P

arks & Lib

raries)1,005,000

$ 1,005,000

35

Sou

thw

est Park M

aster Plan

& D

esign (fo

r entire site, in

clud

ing Lib

rary)1,255,000

$ 1,255,000

36

Spraygro

un

d (p

ossib

le $1

00k fu

nd

ing m

atch)

200,000$

200,000

37

Trail System Exp

ansio

n &

Ad

ditio

n250,000

$ 250,000

38

Tenn

is Cen

ter Rem

od

el & Exp

ansio

n3,444,000

$ 515,000

2,930,000

39

Water W

orks P

ark Ad

ditio

ns - W

ave P

oo

l/Co

ncessio

n Stan

d2,443,000

$ 437,000

2,005,000

40

Vela So

ccer Co

mp

lex Ph

ase II Co

nstru

ction

1,333,000$

1,333,000

41

Pu

blic A

rt for P

arks180,000

$ 100,000

80,000

42

PR

OP

OSITIO

N 4

11,355,000$

2,175,000$

2,105,000$

-$

1

,26

5,0

00

$

4,0

85

,00

0$

1

,72

5,0

00

$

43

44

TOT

ALS

98,175,000$

18,850,000$

12,380,000$

13

,16

0,0

00

$

25

,19

0,0

00

$

14

,93

0,0

00

$

13

,66

5,0

00

$

Documents

AGENDA 2012 AND 2014 BOND OVERSIGHT COMMITTEES … · 2018. 2. 1. · 2012 AND 2014 BOND OVERSIGHT COMMITTEES February 23, 2017 ... Vorel, described a recommended public art for park