Debt Parameters Ordinance

1. 1
1
DEBT PARAMETERS ORDINANCE
June 10, 2021
City of College Station

2. 2
DEBTISSUANCETIMELINE
Council approved Publication
of Notice of Intent
April8, 2021
Council Workshop
presentation on debt issuance
May 13, 2021
Council consideration of
Ordinance authorizing sale of
Certificates
June 10, 2021
Closing and delivery of Funds
to the City
July8, 2021

3. 3
FY21DEBT ISSUANCEANTICIPATED TERMS
GENERAL GOVERNMENT AND ENTERPRISE
TOTAL ISSUANCE
$62.443M
STREETS
WASTEWATER
FACILITIES& TECHNOLOGY
WATER
ELECTRIC
$16.0MM for Underground and Overhead Distribution and
Transmission projects
$3.063M including the equipment due for replacement and
debt issuance costs
$1.750M including Facilities Maintenance relocation, and the
Technology revolver
$8.840M including RPR Elevated Storage Tank, and Greens
Prairie Water Tank rehab
$11.650 including the LCWWTP Expansion, Northeast Sewer
Trunkline and Woodson Village Rehab
$21.140M This amount increased by the $10M of Future Projects shown in March. We
received word from Union Pacific that the Capstone Barron Alignment project should proceed.
We also are fully funding the Greens Prairie Rd – Arrington from City Limits West of WS
Phillips project. – both are Citizen Committee 2015 projects
EQUIPMENT &OTHER

4. 4
FY21CO ISSUANCE
PARAMETERS ORDINANCE TO COUNCIL ON JUNE 10TH
AS OF MAY 19, 2021
As in FY20 considered volatile given COVID-19
Current bond buyer rate is 2.28% due to historic lows
Funding SE Park to be discussed in Budget Workshops.
Will need Gen Gov COs in FY22 even if a GO Election is
held to continue some in progress projects.
NO CHANGES
Second highest ratings from both S&P and Moody’s.
“Stable” company outlook in a volatile market
Considered “very good” credit risk with strong financial
management
SUMMARY OF ORDINACE
Not to exceed amt of $62.443M
Not to exceed True Interest cost of 3.5%
Specifies authorized officials
Market Outlook
Bond Ratings
Parameters
Future Debt

5. 5
Street Projects
FY15 CAC / RR 1,700,000 Cain/Deacon UP Railroad Crossing Switch ST1602 20 Yrs
FY15 CAC / RR / IF 4,200,000 Capstone & Barron Rd Alignment UP Railroad ST1605 20 Yrs
FY15 CAC / IF 9,340,000 Greens Prairie Rd - Arrington to CL W of WS Phillips ST1702 20 Yrs
1,500,000 Lincoln Avenue Rehabilitation ST1801 20 Yrs
600,000 Design of SH 40 and FM 2154 Interchange ST1803 20 Yrs
1,000,000 Greens Prairie Rehabilitation (FM2154 to Victoria) ST1901 20 Yrs
500,000 WD Fitch Rehab Ph I - SH30 to Tonkaway Lake Rd ST2000 20 Yrs
500,000 WD Fitch Rehab Ph II - Tonkaway Lake to Rock Prairie Rd ST2001 20 Yrs
1,000,000 Luther Street Rehab-Marion Pugh to Penberthy ST2002 20 Yrs
300,000 James Pkwy & Puryear Dr-south of Francis Dr ST2003 20 Yrs
500,000 Jones Butler Road Extension and Roundabout ST2006 20 Yrs
Total $ 21,140,000
Park Projects
- N/A
Total $ -
Vertical, Facilities, IT Projects
1,000,000 Facilities Maintenance Relocation GG2000 20 Yrs
750,000 IT Revolver CO2001 7 Yrs
Total $ 1,750,000
Fleet/IT/Equipment Replacement
2,063,000 Equipment Replacement Fund N/A 7 Yrs
Total $ 2,063,000
Governmental Unfunded Projects
- N/A
Total $ -
Governmental CO Subtotal $ 24,953,000 40.0%
GENERAL GOVERNMENTPROPOSEDPROJECTS – FY21 DEBTISSUANCE

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UTILITYRATEPROPOSEDPROJECTS –FY21 DEBT ISSUANCE
Water Projects
Z 800,000 SH6 Water Line Ph III WA1957432 20 Yrs
2,500,000 RPR Elevated Storage Tank WA1800001 20 Yrs
590,000 2818 Transmission Line Relocation WA1900003 20 Yrs
1,550,000 Woodson Village Rehab WA1957431 20 Yrs
1,700,000 Greens Prairie Water Tank Rehab WA1900004 20 Yrs
350,000 Lincoln Avenue Rehab WA1900002 20 Yrs
600,000 Jones Butler Rehab WA2001 20 Yrs
500,000 SH40 Water Line Rehab (Graham to Barron) WA2100 20 Yrs
250,000 SH40 Water Line Rehab (Sonoma to Victoria) WA2101 20 Yrs
Total $ 8,840,000
Wastewater Projects
500,000 CC Diversion Lift Station/Force Mn WW1800002 20 Yrs
6,500,000 LCWWTP Expansion WW1945495 20 Yrs
650,000 LC Parallel Trunkline WW1877335 20 Yrs
2,000,000 NE Sewer Trunkline PH III WW1700002 20 Yrs
1,000,000 Woodson Village Rehab WW1957430 20 Yrs
500,000 Medical District Interceptor PH II WW2100 20 Yrs
500,000 Medical District Interceptor PH III WW2101 20 Yrs
Total $ 11,650,000
Electric Projects
350,000 General Plant Various 20 Yrs
12,150,000 Overhead & Underground Imp.; Distribution Various 20 Yrs
3,500,000 Transmission Projects Various 20 Yrs
Total $ 16,000,000
Utility CO Subtotal $ 36,490,000 58%
Estimated Debt Issuance Costs $ 1,000,000 2%
Total Debt Issue $ 62,443,000