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Bond election presentation

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  • A General Obligation Bond is a common type of municipal bond that is secured by a local government’s pledge to use legally available resources, including tax revenues, to repay bond holders. Bonds are generally used for public projects including streets, drainage, sidewalk, building and park improvements. General Obligation Bonds are backed by the full faith and credit of the City.
  • Creekside Subdivision = 1,932 feetOrgain and Hague area = 334 feetClarks Crossing and Carol Meadows Subdivisions = 1,091 feet                       
  • Median age is 33.6 as of 2007 according to this survey
  • -Strategic Guide has 13 policy statements-Guides Hutto’s growth to 2030-Bolded Policies are directly related to the bond
  • Transcript

    • 1. City of Hutto, TexasBond Election
      Photo by Boyum Photography
    • 2. Process
      • July: Bond Committee Meetings
      • 3. August 6: City Council orders election
      • 4. November 3: Election Day
    • Bond Committee Process
      • Reviewed long-range plans
      • 5. Strategic Guide
      • 6. Parks Master Plan
      • 7. Capital Improvements Plan
      • 8. Pedestrian Mobility Plan
      • 9. Planning indicators
      • 10. Survey results
      • 11. Performance measures
    • General Obligation Bonds
      • What is a GO Bond?
      • 12. Require voter approval
      • 13. Backed by property taxes
      • 14. Other funding sources
      • 15. Why go GO?
      • 16. Voter approval demonstrates desire for project
    • Propositions
      The issuance of $8,500,000 General Obligation Bonds for Street Improvements.
      The issuance of $3,000,000 General Obligation Bonds for Fritz Park, Future Parks, Park Facilities, and Open Space Acquisition.
      The issuance of $5,000,000 General Obligation Bonds for a City/YMCA Recreation Center.
    • 17. Transportation
      • Recommended Projects
      - Farley/Taylor Street $2,462,100
      • Mager Lane $2,200,000
      • 18. West Street $850,000
      • 19. East Street $602,000
      • 20. Metcalf $738,000
      • 21. Jim Cage/Front Intersection Improvements $200,000
      • 22. Fencing Along Major Arterials $450,000
      • 23. Sidewalks – FM 1660 South $500,000
      • 24. Project Contingency $497,900
      • 25. TOTAL $8,500,000
    • Farley/Taylor Street
      Comments:
      • 80 additional parking spaces.
      Anticipated Schedule:
      Design 2009
      Construction 2010
      Estimated Cost:
      Design $289,000
      Construction 2,462,000
      Other 0
      Total $2,751,000
    • 26. Mager Lane Phase I
      Comments:
      • Phase I – FM 1660 to Clarks Crossing
      Anticipated Schedule:
      Design 2011
      Construction 2011
      Estimated Cost:
      Design $224,000
      Construction 1,783,000
      Other 190,000
      Total $2,197,000
    • 27. West Street
      Comments:
      • Includes sidewalks and curb and gutter improvements
      Anticipated Schedule:
      Design 2012
      Construction 2013
      Estimated Cost:
      Design $80,000
      Construction 715,000
      Other 55,000
      Total $850,000
    • 28. East Street (Farley to Metcalf)
      Comments:
      • Approximately 900 feet from Farley to Metcalf
      • 29. Includes:
      • 30. sidewalks
      • 31. curb and gutter improvements
      Estimated Cost:
      Design 63,000
      Construction 539,000
      Other 0
      Total 602,000
      Anticipated Schedule:
      Design 2011
      Construction 2012
    • 32. Metcalf
      Comments:
      • Includes sidewalks and curb and gutter improvements
      Estimated Cost:
      Design $73.000
      Construction 665,000
      Other 0
      Total $738,000
      Anticipated Schedule:
      Design 2013
      Construction 2014
    • 33. Jim Cage/Front Street Intersection
      Comments:
      • Add turning lane to relieve traffic flow at intersection.
      Estimated Cost:
      Design 25,000
      Construction 175,000
      Other 0
      Total 200,000
      Anticipated Schedule:
      Design 2012
      Construction 2012
    • 34. Fencing Along Arterials
      Possible Areas:
      • Carl Stern = 2,470 feet
      • 35. Front St. = 1,190 feet
      • 36. Creekside Subdivision = 1,932 feet
      • 37. Orgain and Hague Area = 334 feet
      • 38. Clarks Crossing and Carol Meadows Subdivision = 1,091 feet
      Approximately $55 per linear foot.
      (depending on material/style)
      (additional $750 per gate)
      Estimated Cost - $450,000
    • 39. FM 1660 S. Sidewalk
      Comments:
      • 8’ trail on east side of FM 1660 South
      • 40. Approximately 8,850 feet
      • 41. Evans St. to Farley Middle School and Hutto Ray Elementary
      Estimated Cost:
      Design 75,000
      Construction 425,000
      Other 0
      Total 500,000
      Anticipated Schedule:
      Design 2012
      Construction 2012
    • 42. Parks and Park Facilities
      Park Improvements Estimated Cost
      Fritz Park Improvements $ 2,300,000
      Future Park Facilities & Parkland Acquisitions 1,000,000
      Subtotal $ 3,300,000
    • 43. Parks & Recreation Improvements Overview
      PROSTMP – Major Goals
      Goal 1: To develop park facilities to serve the existing, as well as the impending growth of the community.
      Goal 2: To plan park facilities meeting the projected population growth.
      Goal 3: To determine potential locations for future parkland
      Goal 4: To preserve adequate open space for the long-term population growth of Hutto.
      Goal 5: To plan development of recreational facilities with the health safety and well being of the community as a primary consideration.
    • 44. Parks & Recreation Improvements Overview
      PROSTMP - Recommended Actions
      Revised Parkland Dedication Ordinance (Yr 1)*
      Develop Hutto Lake Park (Yrs1-3)**
      Acquire parkland for multiuse sports complex
      Improve Existing Facilities (Yrs2-4)**
      Develop 2-4 miles of additional trail (Yrs3-5)**
      Develop Park for subdivision north of Hutto Elementary (Yrs2-4)
      *Completed Aug07
      **In Progress
    • 45. Parks & Recreation Improvements Overview
      PROSTMP - Recommended Actions
      Develop Community Center & Outdoor Recreational Swim Center (Plan Begin In 3yrs/Open Late 2012)
      Acquire Parkland in NW Section of Hutto
      Water Play/Sprayground Facility in NC or SC Section of Hutto
      Develop 2-4 miles of additional trail
      Develop acquired Parkland in NW Hutto
      Expand Sports Complex Facilities
    • 46. Fritz Park Master Plan
      Comments:
      • Restore ballfields including concessions and restrooms
      • 47. Add internal walking trail
      • 48. Add additional parking
      Anticipated Schedule:
      Design 2010
      Construction 2011
      Estimated Cost:
      Total $2,300,000
    • 49. Parkland Acquisition
      Comments:
      • Set aside funds to purchase park facilities or future parkland as it becomes available
      Anticipated Schedule:
      Purchase - None at this time
      Estimated Cost:
      Total 1,000,000
    • 50. City/YMCA Rec. Center
      • YMCA Recreation Center Estimated Cost
      Subtotal $ 5,000,000
    • 51. YMCA Recreation Center
      Comments:
      • Land donated
      • 52. City would own facility
      • 53. YMCA would provide equipment and operate
      Anticipated Schedule:
      Design 2011
      Construction 2012
      Estimated Cost:
      Total 5,000,000
      25,000 sq. ft. facility
      Source: YMCA
    • 54. Hutto’s Debt Outlook
      • Hutto’s Bond Rating (Standard and Poor’s): A+
      • 55. Current outstanding debt:
      • 56. General Fund
      Principal: $5,556,250
      Interest: $3,404,563
      Capital Lease: $252,616
      • Utility Fund
      Principal: $33,576,750
      Interest: $27,178,034
      Capital Lease: $449,095
      Total Indebtedness: $70,417,308
      Source: City of Hutto
    • 57. Planning Indicators
      • Population
      Source: City of Hutto
    • 58. Planning Indicators
      • Age
      Source: HEDC
    • 59. Planning Indicators
      • Household Income
      Source: HEDC
    • 60. Planning Indicators
      • Property Value and Tax Rate
      Source: City of Hutto
    • 61. Planning Indicators
      • Tax Rate Calculation
      • 62. Interest and Sinking
      • 63. Operations and Maintenance
      Source: City of Hutto
    • 64. Planning Indicators
      • Tax Rate Breakdown
      Source: City of Hutto
    • 65. Planning Indicators
      • Property Tax Breakdown
      Source: City of Hutto
    • 66. Planning Indicators
      • City conducted its first citizen survey in 2008
      • 67. Survey asked residents to:
      • 68. rate satisfaction with services
      • 69. reasons and means for communicating with the City
      • 70. and top future priorities
    • 2008 Citizen Survey – Top Priorities
      • Top priorities:
      Business/Economic Development/Job Creation
      Safety (Police, Fire, EMS, etc.)
      Grocery Store
      Roads/Sidewalks/Pedestrian Mobility – Prop. 1
      Parks/Trails – Prop. 2
      Traffic – Prop. 1
      Recreation/ Sports Facilities – Prop. 4
      Lower taxes, fees, and charges
      Beautification – Prop. 1 & 2
      Water Quality
      Source: City of Hutto
    • 71. Source: City of Hutto
    • 72. Planning Indicators
      • Citizen Satisfaction:
      Satisfaction with overall condition of roads in the city – 58% satisfied or very satisfied (22% neutral)
      Satisfaction with pedestrian mobility – 23% satisfied or very satisfied (28% neutral)
      Satisfaction with parks and trails – 34% satisfied or very satisfied (35% neutral)
      Source: City of Hutto
    • 73. Strategic Guide 2030
      • Council Relations
      • 74. Leadership
      • 75. Quality of Life – Prop. 2&4
      • 76. Organization Development Policy
      • 77. Service Delivery
      • 78. Fiscal and Budgetary – All
      • 79. Public Safety
      • 80. Transportation – Prop. 1
      • 81. Education
      • 82. Growth Guidance Plan
      • 83. Infrastructure - All
      • 84. Economic Development
      • 85. Legislative Agenda
      Source: City of Hutto
    • 86. Tax Rate Impact
      • Tax Rate Components
      • 87. Operations and Maintenance
      • 88. Interest and Sinking
      • 89. Assumes 5% annual assessed valuation growth
      • 90. Approximately $.16 I&S Increase over next five years if 5% assessed valuation growth
      Source: City of Hutto

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