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FY19 Bond Authorization

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FY19 Bond Authorization

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FY19 Bond Authorization

  1. 1. March 28, 2019
  2. 2. Bond Issuance Process 3/28 – Council Publication of Notice of Issuance 4/12 –Rating agency discussion and visit with Staff  S&P –Visit – current rating AA+  Moody’s - Call – current rating Aa1 5/13* – Estimated Pricing date 5/13 – Council Ordinance Authorizing Issuance 6/1 – Offering date 6/10 – Closing date
  3. 3. 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. 4. FY19 Issuance Key Projects Amount Greens PrairieTrail - CL W ofWoodlake to Royder 2,000,000 Greens Prairie Rd - Arrington to CL W of WS Phillips 1,000,000 SH 40 and FM 2154 Interchange 1,000,000 Royder Rd Ph 3 - FM 2154 to I&GN Road 900,000 Other Street, Signal and Sidewalk Projects 2,811,000 StreetsTotal $ 7,711,000 Southeast Park 4,600,000 Thomas Park Rehabilitation 1,000,000 Other Parks Improvements 2,864,000 ParksTotal $ 8,464,000 New City Hall 18,900,000 New Police Station 1,500,000 Fuel System Rehab 920,000 Other Facility &Technology Projects 1,605,000 General Government Total $ 22,925,000 Governmental Subtotal $ 39,100,000
  5. 5. FY19 Issuance Key Projects Amount Land Acquisition - Wells 5,000,000 Transmission and Distribution Projects 1,919,000 Combo SPPS Site Improvements 1,284,000 Other Water Projects 4,803,000 WaterTotal $ 13,006,000 LC Capacity Expansion & Nutrient Removal 10,800,000 CCWWTP Centrifuge Improvements FY18 2,490,000 CC Diversion Lift Station/Force Mn 2,340,000 SouthwoodValley Trunkline 1,479,000 Other Wastewater Projects 7,885,000 WastewaterTotal $ 24,994,000 Advanced Metering Infrastructure (AMI) 4,200,000 ElectricTotal $ 4,200,000 Utility CO Subtotal $ 42,200,000
  6. 6. Council Action Council Action •Future Council Action

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