1. City of College Station
City of College Station
2013 Bond Sale and
Refunding

2. City of College Station
Outline
 Negotiated Sale
 2013 Bond Issue
 First Southwest Presentation
 Staff Recommendations

3. City of College Station
Negotiated Sale
• Negotiated Sale
Underwriters are chosen through an RFP 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, Interim City Manager or Executive
Director of Business Services is given authority to
execute sale through adoption of Bond Ordinance

4. City of College Station
2013 Bond Sale (new money)
General Obligation Bonds
• Streets
– Street Projects $4,975,000
(Penberthy Ext., HSC Pkwy., Barron Rd. E.)
– Traffic Signals 650,000
– University Dr Pedestrian Imp 500,000
– Lick Creek Hike and Bike Trail 400,000
Streets Total $6,525,000

5. City of College Station
2013 Bond Sale (new money)
General Obligation Bonds
• Parks and Recreation
– East District Maintenance Shop $1,645,000
– Lick Creek Park Nature Center 350,000
– Creakview NH Park 480,000
– Lincoln Center Addition 250,000
Parks and Recreation Total $2,275,000
General Obligation Bond Total $9,250,000

6. City of College Station
2013 Bond Sale (new money)
Certificates of Obligation
• Electric Projects
- Underground System Imp $800,000
- New Services and System Ext 1,020,000
- Distribution Projects 670,000
- Transmission Projects 940,000
- Northgate Substation 4,820,000
• Electric Projects Total $8,250,000

7. City of College Station
2013 Bond Sale (new money)
Certificates of Obligation
• Wastewater Projects
- Bee Creek Parallel Trunkline $2,000,000
• Debt Issuance Cost* 200,000
Certificates of Obligation Total $10,450,000
*Debt Issuance cost is 0.10% of the total bond issue and refunding.

8. City of College Station
2013 Bond Sale (new money)
New Money Total
• General Obligation Bonds $9,250,000
• Certificates of Obligation $10,450,000
Total $19,700,000

9. City of College Station
2013 Bond Sale (Refunding)
Recommended Refunding
• 2005 Bonds (GO/CO/URB) $11,430,000
• Portion of 2005A Bonds (URB Ref.) $ 1,210,000
Total $12,640,000

10. City of College Station
City of College Station
First Southwest
Presentation
Drew Masterson, Managing Director

11. City of College Station
2013 Bond Sale and Refunding
• Staff Recommendations
– Approval of the Ordinance authorizing the
issuance of the General Obligation
Improvement and Refunding Bonds, Series
2013.
– Approval of the Ordinance authorizing the
issuance of the Certificates of Obligation, Series
2013.

12. City of College Station
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