2017 Bond Sale and Refunding

1. City of College Station
City of College Station
2017 Bond Sale and
Refunding

2. City of College Station
Outline
 Bond Sale Overview
 2017 Bond Issue
 FirstSouthwest, a Division of Hilltop
Securities Inc. Presentation
 Staff Recommendations

3. City of College Station
2017 Bond Sale Overview
• General Obligation Bonds – authorized in 2008
– Maximum issuance of $36,600,000
• $17,600,000 maximum new capital projects
• $19,000,000 maximum refund prior obligations and
debt issuance costs
• Certificates of Obligation
– Maximum issuance of $70,000,000
• New capital projects and debt issuance costs

4. City of College Station
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

5. City of College Station
2017 Bond Sale (new money)
General Obligation Bonds
• General Government Project
– Library Expansion $ 3,700,000

6. City of College Station
2017 Bond Sale (new money)
General Obligation Bonds
• Street Projects
– Lakeway Drive Extension $10,135,000
– University Drive
• Pedestrian Improvements $ 3,555,000
Streets Total $13,690,000

7. City of College Station
2017 Bond Sale (new money)
Certificates of Obligation
• Street/Traffic Projects
– Francis Drive Rehab Ph. 1 $ 985,000
– Intelligent Traffic System $1,450,000
– Cain/Deacon Railroad Crossing $1,000,000
– Rock Prairie Rd West
• Wellborn Rd to City Limits $2,500,000
– Neighborhood Safety Improvements
• Holik, Park Place, Anna & Glade $ 590,000

8. City of College Station
2017 Bond Sale (new money)
Certificates of Obligation
• Street Projects
– Holleman Drive South Widening $10,405,000
– Royder Road Expansion $ 2,230,000
– Greens Prairie Rd - Arrington to
• CL W of WS Phillips Parkways $ 325,000
– Greens Prairie Trail
• CL W of Woodlake to Royder $ 150,000

9. City of College Station
2017 Bond Sale (new money)
Certificates of Obligation
• Street Projects
– Oversize Participation $ 150,000
– Sidewalk Projects $ 200,000
– Texas Ave Planter Boxes $ 400,000
– Traffic Signal Projects $ 750,000
Street Total $21,135,000

10. City of College Station
2017 Bond Sale (new money)
Certificates of Obligation
• Parks Projects
– Aquatics Improvements $ 290,000
– System Wide Park Improvements $ 735,000
Parks Total $ 1,025,000

11. City of College Station
2017 Bond Sale (new money)
Certificates of Obligation
• General Government
– Police Station Construction $25,000,000
– Public Safety Radio Replacement $ 1,385,000
– Self-Contained Breathing Apparatus $ 1,150,000
– Fiber Optic Infrastructure $ 275,000
– Electronic Storage Upgrade $ 275,000
– City Gateway Sign #2 $ 175,000
General Government Total $ 28,260,000

12. City of College Station
2017 Bond Sale (new money)
Certificates of Obligation
• Water Projects
– Water Well #9 $3,335,000
– Well #9 Collection Line $2,085,000
– State Highway 6 Water Lines $2,450,000
– Wellfield Collection System Loop $ 550,000
Water Total $ 8,420,000

13. City of College Station
2017 Bond Sale (new money)
Certificates of Obligation
• Wastewater Projects
– Lick Creek Wastewater Treatment
Plant Expansion $5,000,000
Wastewater Total $5,000,000

14. City of College Station
2017 Bond Sale (new money)
New Money Total
• General Obligation Bond Projects $17,390,000
• Certificates of Obligation Projects $63,840,000
Projects Total $81,230,000
• Estimated Debt Issuance Costs $ 600,000
Total New Money Issuance $81,830,000

15. City of College Station
2017 Bond Sale (Refunding)
Recommended Refunding
• 2009 Bonds (GO Refunding) $ 1,740,000
• 2009 Bonds (CO) $12,920,000
Total $14,660,000

16. City of College Station
City of College Station
FirstSouthwest, a
Division of Hilltop
Securities Inc.
Presentation
Kristin Blomquist
Assistant Vice President

17. City of College Station
2017 Bond Sale and Refunding
• Staff Recommendations – GO & Refunding Bonds
– Approval of the Ordinance authorizing the issuance
of the General Obligation Improvement (GO) and
Refunding Bonds, Series 2017;
– 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.

18. City of College Station
2017 Bond Sale and Refunding
• Staff Recommendations – CO Bonds
– Approval of the Ordinance authorizing the issuance
of the Certificates of Obligation (CO), Series 2017;
– 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.

19. City of College Station
Questions ?