This document summarizes the City of College Station's plans for a 2016 bond sale and refunding. It outlines that the city will issue $37 million in new general obligation and certificate of obligation bonds through a competitive sale process. The bonds will fund various capital projects including a library expansion, street improvements, water system upgrades, and design of a new police station. It also recommends refunding over $31 million in outstanding 2006, 2007, and 2008 bonds to achieve savings. First Southwest will assist with the sale. City staff is recommending approval of ordinances authorizing the bond sales and delegating authority to execute related documents.

1. City of College Station
City of College Station
2016 Bond Sale and
Refunding

2. City of College Station
Outline
 Competitive Sale
 2016 Bond Issue
 First Southwest Presentation
 Staff Recommendations

3. City of College Station
Competitive Sale
• Competitive Sale
 Underwriters are chosen through a bid 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
 Mayor, City Manager or Assistant City Manager
is given authority to execute sale through adoption
of Bond Ordinance

4. City of College Station
2016 Bond Sale (new money)
General Obligation Bonds
• General Government Project
– Library Expansion $ 4,185,000

5. City of College Station
2016 Bond Sale (new money)
General Obligation Bonds
• Street Projects
– Lakeway Extension $4,000,000
– Traffic Signals $600,000
Streets Total $ 4,600,000

6. City of College Station
2016 Bond Sale (new money)
Certificates of Obligation
• Street/Traffic Projects
– Munson Street Rehabilitation $200,000
– Francis Drive Rehab Ph. 1 &2 $1,330,000
– Intelligent Traffic System $3,050,000
– Greens Prairie Trail 2154 – Royder $4,100,000
– Cain/Deacon Railroad Crossing $1,000,000
– Design 2818 Capacity Imp. $655,000

7. City of College Station
2016 Bond Sale (new money)
Certificates of Obligation
• Street Projects
– Rock Pr Rd West - Wellborn to CL $700,000
– Capstone & Barron Rd Alignment $800,000
– Holick, Park Place, Anna, Glade $500,000
• Neighborhood Safety Improvements
– Holleman Dr South Widening $1,500,000

8. City of College Station
2016 Bond Sale (new money)
Certificates of Obligation
• Street Projects
– Greens Prairie @ Arrington $515,000
• Intersection Improvements
– Royder Road Expansion $2,700,000
Street Total $17,050,000

9. City of College Station
2016 Bond Sale (new money)
Certificates of Obligation
• General Government
– Police Station Design/Initial Costs. $3,000,000

10. City of College Station
2016 Bond Sale (new money)
Certificates of Obligation
• Water Projects
– Water Well #9 $2,030,000
– Well #9 Collection Line $1,250,000
– State Highway 6 Water Lines $600,000
– Munson Rehabilitation $500,000
– Eastgate Rehabilitation $1,195,000
– Variable Frequency Drive Repl $1,350,000

11. City of College Station
2016 Bond Sale (new money)
Certificates of Obligation
• Water Projects
– Francis Drive Rehab Ph 1 & 2 $850,000
– Lakeway Water line Extension $125,000
Water Total $7,900,000

12. City of College Station
2016 Bond Sale (new money)
New Money Total
• General Obligation Bond Projects $8,785,000
• Certificates of Obligation Projects $28,270,000
Total $37,055,000

13. City of College Station
2016 Bond Sale (Refunding)
Recommended Refunding
• 2006 Bonds (GO Refunding) $2,205,000
• 2007 Bonds (GO/CO/URB) $16,450,000
• 2008 Bonds (GO/CO) $12,700,000
Total $31,355,000

14. City of College Station
City of College Station
First Southwest
Presentation
Drew Masterson, Managing Director

15. City of College Station
2016 Bond Sale and Refunding
• Staff Recommendations
– Approval of the Ordinance authorizing the issuance
of the General Obligation Improvement and
Refunding Bonds, Series 2016;
– Delegating the authority to certain City Officials to
execute certain documents relating to the sale of the
Bonds;
– Approving and authorizing instruments and other
procedures relating to said bonds; and
– Enacting other provisions relating to the subject.

16. City of College Station
2016 Bond Sale and Refunding
• Staff Recommendations
– Approval of the Ordinance authorizing the issuance
of the Certificates of Obligation, Series 2016;
– Delegating the authority to certain City Officials to
execute certain documents relating to the sale of the
Bonds;
– Approving and authorizing instruments and other
procedures relating to said bonds; and
– Enacting other provisions relating to the subject.

17. City of College Station
Questions ?