S:\bond website\bond election website\bond election presentation revamp

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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
  • S:\bond website\bond election website\bond election presentation revamp

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

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