2016 Bond Sale and Refunding: Part 1

City of College Station


2016 Bond Sale and Refunding


Outline

Competitive Sale

2016 Bond Issue

First Southwest Presentation

Staff Recommendations


Competitive Sale

• Competitive Sale Underwriters are chosen through a bid process Maximum bond par parameters are set Maximum interest rate and maturities are set for

new money Must have at least a 5% net present value savings

on refunded bond Mayor, City Manager or Assistant City Manager is

given authority to execute sale through adoption of Bond Ordinance


2016 Bond Sale (new money)

General Obligation Bonds

• General Government Project– Library Expansion $ 4,185,000



General Obligation Bonds

• Street Projects– Lakeway Extension $4,000,000– Traffic Signals $600,000Streets Total $ 4,600,000



Certificates of Obligation

• Street/Traffic Projects– Munson Street Rehabilitation $200,000– Francis Drive Rehab Ph. 1 &2 $1,330,000– Intelligent Traffic System $3,050,000– Greens Prairie Trail 2154 – Royder $4,100,000– Cain/Deacon Railroad Crossing $1,000,000– Design 2818 Capacity Imp. $655,000


2016 Bond Sale (new money)Certificates of Obligation

• Street Projects– Rock Pr Rd West - Wellborn to CL $700,000– Capstone & Barron Rd Alignment $800,000– Holick, Park Place, Anna, Glade $500,000

• Neighborhood Safety Improvements– Holleman Dr South Widening $1,500,000



• Street Projects– Greens Prairie @ Arrington $515,000

• Intersection Improvements– Royder Road Expansion $2,700,000

Street Total $17,050,000



Certificates of Obligation

• General Government– Police Station Design/Initial Costs. $3,000,000



• Water Projects– Water Well #9 $2,030,000– Well #9 Collection Line $1,250,000– State Highway 6 Water Lines $600,000– Munson Rehabilitation $500,000– Eastgate Rehabilitation $1,195,000– Variable Frequency Drive Repl $1,350,000



• Water Projects– Francis Drive Rehab Ph 1 & 2 $850,000

– Lakeway Water line Extension $125,000

Water Total $7,900,000



New Money Total

• General Obligation Bond Projects $8,785,000• Certificates of Obligation Projects $28,270,000

Total $37,055,000


2016 Bond Sale (Refunding)

Recommended Refunding

• 2006 Bonds (GO Refunding) $2,205,000• 2007 Bonds (GO/CO/URB) $16,450,000• 2008 Bonds (GO/CO) $12,700,000

Total $31,355,000



First Southwest Presentation

Drew Masterson, Managing Director



• Staff Recommendations– Approval of the Ordinance authorizing the

issuance of the General Obligation Improvement and Refunding Bonds, Series 2016;

– Delegating the authority to certain City Officials to execute certain documents relating to the sale of the Bonds;

– Approving and authorizing instruments and other procedures relating to said bonds; and

– Enacting other provisions relating to the subject.



• Staff Recommendations– Approval of the Ordinance authorizing the

issuance of the Certificates of Obligation, Series 2016;

– Delegating the authority to certain City Officials to execute certain documents relating to the sale of the Bonds;

– Approving and authorizing instruments and other procedures relating to said bonds; and

– Enacting other provisions relating to the subject.


Questions ?

Government & Nonprofit

2016 Bond Sale and Refunding: Part 1