The document summarizes the City of College Station's planned issuance of $82 million in bonds in Fiscal Year 2019. The funds will support a variety of general government and utility projects. General government projects will receive $39.1 million, with the largest allocations for streets ($7.7 million) and parks ($8.5 million). Utility projects will receive $42.2 million, with the largest amounts for water ($13 million) and wastewater ($25 million). The city council will delegate final pricing authority to a pricing officer while establishing parameters like a maximum interest cost of 4%. This flexibility allows taking advantage of changing market conditions.

1. City of College Station

2. City of College Station

3. City of College Station
FY19 Issuance Key Projects
General Government Projects
Amount
Streets $ 7,711,000
Parks $ 8,464,000
General Government $ 22,925,000
Subtotal $ 39,100,000
Utility Projects
Electric $ 4,200,000
Water $ 13,006,000
Wastewater $ 24,994,000
Subtotal $ 42,200,000
Debt Issuance Estimate $ 700,000
Total Anticipated Issue $ 82,000,000

4. City of College Station
Boyd London

5. Member FINRA / SIPC
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Parameter Bond Sale
 Council delegates final pricing authority to a Pricing Officer - Mayor, City
Manager, or Assistant City Manager (Jeff Kersten)
 Council establishes bond sale parameters:
 Maximum True Interest Cost = 4.00%
 Maximum Principal Amount of Issue = $82,000,000
 Final Maturity Date = February 15, 2039
 Expiration of Delegated Authority
• May 13, 2020
 Pricing Officer can only approve sale if the parameters are met
Reason for Parameter Bond Sale = FLEXIBILITY
Market Timing – Bond issue is in ‘Day-to-Day’ mode meaning that bonds can be
priced at any time and in an interest rate environment that is advantageous rather
than being locked into pricing on the date of a City Council meeting.

6. Member FINRA/SIPC/NYSE
© 2019 Hilltop Securities Inc.
All rights reserved.
College Station, Series 2019 Certificates of Obligation – Preliminary Debt Service
*Estimated based on current market conditions.
Period Ending Principal Interest Debt Service
9/30/2020 2,535,000$ 3,574,465$ 6,109,465$
9/30/2021 3,170,000 2,934,581 6,104,581
9/30/2022 3,340,000 2,771,831 6,111,831
9/30/2023 3,505,000 2,600,706 6,105,706
9/30/2024 3,680,000 2,421,081 6,101,081
9/30/2025 3,865,000 2,232,456 6,097,456
9/30/2026 4,070,000 2,034,081 6,104,081
9/30/2027 3,050,000 1,856,081 4,906,081
9/30/2028 3,200,000 1,699,831 4,899,831
9/30/2029 3,365,000 1,535,706 4,900,706
9/30/2030 3,520,000 1,381,181 4,901,181
9/30/2031 3,665,000 1,237,481 4,902,481
9/30/2032 3,815,000 1,087,881 4,902,881
9/30/2033 3,965,000 932,281 4,897,281
9/30/2034 4,130,000 770,381 4,900,381
9/30/2035 4,275,000 623,656 4,898,656
9/30/2036 4,405,000 493,456 4,898,456
9/30/2037 4,540,000 359,281 4,899,281
9/30/2038 4,680,000 220,981 4,900,981
9/30/2039 4,825,000 75,391 4,900,391
$75,600,000*
City of College Station, Texas
Certificates of Obligation, Series 2019
Aa2/AA+
Assumes AA+ Current Market Rates as of May 2, 2019
*** Preliminary; For Discussion Purposes Only ***

7. Member FINRA/SIPC/NYSE
© 2019 Hilltop Securities Inc.
All rights reserved.
Recent Texas City Tax-Exempt General Obligation Sales - Comparisons
Pricing data from recently priced, similarly rated Texas Cities
Issuer Issue Series Par Rating Sale Date TIC FinalMaturity
Cityof Burleson,Texas CombinationTax &Revenue CO's 2019 $11,885,000 AA 5/6/2019 2.68% 3/1/2039
Cityof Mesquite,Texas CombinationTax &LimitedSurplusRevenue CO's 2019 $10,065,000 AA 5/6/2019 2.72% 2/15/2039
Cityof RoundRock,Texas CombinationTax &LimitedRevenue CO's 2019 $27,250,000 AAA 4/25/2019 3.39% 8/15/2044
Cityof Georgetown,Texas CombinationTax &Revenue CO's 2019 $20,315,000 AA+ 4/23/2019 2.74% 8/15/2039
Cityof Georgetown,Texas General ObligationBonds 2019 $4,920,000 AA+ 4/23/2019 2.80% 8/15/2039
TaxExemptComparable Transactions

8. Member FINRA/SIPC/NYSE
© 2019 Hilltop Securities Inc.
All rights reserved.
Bond Buyer 20 Year GO Index

9. City of College Station