This document provides contact information for two Hilltop Securities representatives working on a 2017 bond overview for a city council meeting. It includes preliminary numbers on general obligation improvement and refunding bonds totaling $30 million, as well as certificates of obligation for government, water, and wastewater projects totaling $60.75 million. Summary statistics are provided for the new money bonds, certificates, and proposed refunding of existing debt, which is estimated to save over $1.3 million. A timeline for the bond sale process is also included.

1. Contacts
Drew Masterson
Managing Director
700 Milam Street, Suite 500
Houston, Texas 77002
713.654.8654
drew.masterson@hilltopsecurities.com
Thursday, May 11, 2017
Council Meeting – 2017 Bond Overview
Kristin Garcia Blomquist
Assistant Vice President
700 Milam Street, Suite 500
Houston, Texas 77002
713.654.8675
kristin.blomquist@hilltopsecurities.com

2. Member FINRA / SIPC
© 2016 Hilltop Securities Inc.
All Rights Reserved
2
Summary of Preliminary Numbers
*Preliminary, subject to change.
Par Amount All-in TIC
GO Improvement and Refunding Bonds, Series 2017
New Money………………………………………………………………… 16,650,000$ 3.166%
Refunding……………………………………………………………….. 13,645,000 2.529%
Total GO and Refunding Bonds………………………………….. 30,295,000$ 2.910%
Certificates of Obligation, Series 2017
General Government Projects………………………………….. 47,915,000$
Water Projects…………………………………………………………… 8,055,000
Wastewater Projects……………………………………………………… 4,780,000
Total Certificates……………………………………………………… 60,750,000$ 3.114%
Preliminary Statistics - Rates as of April 27, 2017

3. Member FINRA / SIPC
© 2016 Hilltop Securities Inc.
All Rights Reserved
3
New Money Statistics
*Preliminary, subject to change.
4/27/2017
Par Amount……………………………………………………………………………..60,750,000$
All-in True Interest Cost…………………………………………………………………..3.114%
Average Annual Debt Service(2019-2024)…………………………………..4,500,394
Average Annual Debt Service(2025-2027)…………………………………..4,226,248
Average Annual Debt Service(2028-2037)…………………………………..3,893,622
4/27/2017
Par Amount……………………………………………………………………………..16,650,000$
All-in True Interest Cost…………………………………………………………………..3.166%
Average Annual Debt Service……………………………………….. 1,177,364
Certificate Statistics
Bonds Statistics

4. Member FINRA / SIPC
© 2016 Hilltop Securities Inc.
All Rights Reserved
4
Summary of Refunding Statistics
*Preliminary, subject to change.
4/27/2017
Refunding Par Amount…………………………………………………………………..13,660,000$
Gross Savings (2017-2029)…………………………………………………………………..1,665,669$
Net Present Value (NPV) Savings…………………………………………………………………..1,383,590$
Average Annual Savings (2017-2029)…………………………………………………………………..128,128$
Net PV Savings as a % of Refunded Bonds…………………………………………………………………..9.44%
All-in True Interest Cost…………………………………………………………………..2.529%
Average Coupon of Refunded Bonds……………………………. 4.492%
Negative Arbitrage………………………………………………………………….. 286,550$
Negative Arbitrage as % of NPV Savings……………………….. 20.711%
General Obligation Refunding Statistics

5. Member FINRA / SIPC
© 2016 Hilltop Securities Inc.
All Rights Reserved
5
Summary of Proposed Refunded Bonds
*Preliminary, subject to change.
Principal Amount Maturities Interest
Series to be Refunded* Refunded Rates
General Obligation Improvement Bonds, Series 2009 1,740,000$ 2022-2029 4.050%-4.650%
Certificates of Obligation, Series 2009 12,920,000 2022-2029 4.000%-4.600%
Total General Obligation Debt to be Refunded 14,660,000$
General Obligation Refunding Candidates

6. Member FINRA / SIPC
© 2016 Hilltop Securities Inc.
All Rights Reserved
6
Timeline
Completion
Date Event Responsibility
Thu - Mar 23 → City Council Meeting: Authorize Publication of Notice of Intent for
Certificates
FWG
Thu - Mar 30 → Publish First Notice of Intent for Certificates BC
Thu - Apr 6 → Publish Second Notice of Intent for Certificates BC
Wed - May 3 → Rating Calls - S&P Global Rating @ Noon City/FA
Fri - May 5 → Rating Calls - Moody's Investors Service @ 11:00 AM City/FA
Thu - May 11 → City Council Meeting: Approve sale parameters, appoint Paying
Agent/Registrar, adopt Ordinances and approve the Preliminary Official
Statement.
City
Tue - May 16 → Due Diligence Call FWG
Wed - May 17 → Receive Ratings FWG
Thu - May 18 → Post electronic POS FA
Thu - Jun 1 → *** Pricing Date*** Pricing Officer Awards Bonds and Certificates
to Initial Purchaser
City
Thu - Jun 29 → Closing FWG
S M T W T F S S M T W T F S S M T W T F S S M T W T F S
1 2 3 4 1 1 2 3 4 5 6 1 2 3
5 6 7 8 9 10 11 2 3 4 5 6 7 8 7 8 9 10 11 12 13 4 5 6 7 8 9 10
12 13 14 15 16 17 18 9 10 11 12 13 14 15 14 15 16 17 18 19 20 11 12 13 14 15 16 17
19 20 21 22 23 24 25 16 17 18 19 20 21 22 21 22 23 24 25 26 27 18 19 20 21 22 23 24
26 27 28 29 30 31 23 24 25 26 27 28 29 28 29 30 31 25 26 27 28 29 30
30
Council Meeting Holiday
March-17 April-17 May-17 June-17