The document summarizes the City of College Station's plans for a 2013 bond sale and refunding. It outlines the bond sale calendar, describes the negotiated sale process, lists proposed new money bond projects for streets/transportation, parks/recreation, and utilities, and provides details of the 2013 refunding of 2005 and 2005A bonds, projecting savings of over 10%. It concludes by noting the next council actions and anticipated pricing/closing windows.

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

2. City of College Station
Outline
 2013 Bond Sale Calendar
 Negotiated Sale
 2013 Bond Issue
 2013 Refunding

3. City of College Station
2013 Bond Sale Calendar
• April 25 – Workshop Presentation on 2013 Bond Sale and
Refunding
• April 25 – (Council Action) Authorize Publication of Notice of
Sale for Certificates of Obligation
• June 6 - Underwriter RFP is distributed
• Week of June 10 – Bond Rating calls
• June 13 – (Council Action) Approve sale parameters, Appoint
Paying Agent/Registrar, Appoint Underwriters, Adopt Bond
Ordinances and Authorize preparation of Official Statement
• June - November – Potential Pricing Window
• July - December – Closing Window

4. 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
City Manager or Executive Director of
Business Services is given authority to
execute sale through adoption of Bond
Ordinance

5. City of College Station
2013 Bond Sale (new money)
General Obligation Bonds
• Streets and Transportation
– Traffic Signals $
650,000
– Street Projects 5,475,000
– Lick Creek Hike and Bike Trail
400,000
Streets and Transportation Total
$6,525,000

6. 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
– Lincoln Center Addition
250,000
– Parks Projects 480,000
Parks and Recreation Total $
2,725,000

7. City of College Station
2013 Bond Sale (new money)
Certificates of Obligation
• Electric Projects $
8,250,000
• Wastewater Projects 2,000,000
• Debt Issuance Cost* 200,000
Certificates of Obligation Total
$10,450,000
*Debt Issuance cost is 0.60% 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 Refunding
Refunding
Series 2005 and 2005A
2005 Bonds (GO/CO/URB) $11,430,000
Portion of 2005A Bonds (URB Ref) $ 1,200,000
Maximum Refunded Total $12,630,000

10. City of College Station
2013 Bond Refunding
Refunding
Series 2005 and 2005A
Projected Savings (as of 4/18/13)
Par Amount $12,630,000
Gross Savings $ 1,532,552
Net Present Value Savings $ 1,304,606
Percent Savings Projected
10.3694%

11. City of College Station
Next Steps
• April 25 – (Council Action) Authorize Publication of
Notice of Sale for Certificates of Obligation
• June 13 – (Council Action) Approve sale parameters,
Appoint Paying Agent/Registrar, Appoint Underwriters,
Adopt Bond Ordinances and Authorize preparation of
Official Statement
• June - November – Potential Pricing Window
• July - December – Closing Window

12. City of College Station
Questions ?