The City of College Station is proposing a 2017 bond sale and refunding. They plan to issue $81.8 million in new general obligation and certificate of obligation bonds for various capital projects such as street, park, and water improvements. They also plan to refund $14.66 million in outstanding 2009 bonds to achieve debt service savings. City staff is recommending approval of ordinances authorizing the issuance and competitive sale of the new general obligation bonds, certificates of obligation, and refunding bonds. A financial advisor from FirstSouthwest presented details on the proposed bond sale.

1. City of College Station
City of College Station
2017 Bond Sale and
Refunding

2. City of College Station
Outline
 Bond Sale Overview
 2017 Bond Issue
 FirstSouthwest, a Division of Hilltop
Securities Inc. Presentation
 Staff Recommendations

3. City of College Station
2017 Bond Sale Overview
• General Obligation Bonds – authorized in 2008
– Maximum issuance of $36,600,000
• $17,600,000 maximum new capital projects
• $19,000,000 maximum refund prior obligations and
debt issuance costs
• Certificates of Obligation
– Maximum issuance of $70,000,000
• New capital projects and debt issuance costs

4. 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

5. City of College Station
2017 Bond Sale (new money)
General Obligation Bonds
• General Government Project
– Library Expansion $ 3,700,000

6. City of College Station
2017 Bond Sale (new money)
General Obligation Bonds
• Street Projects
– Lakeway Drive Extension $10,135,000
– University Drive
• Pedestrian Improvements $ 3,555,000
Streets Total $13,690,000

7. City of College Station
2017 Bond Sale (new money)
Certificates of Obligation
• Street/Traffic Projects
– Francis Drive Rehab Ph. 1 $ 985,000
– Intelligent Traffic System $1,450,000
– Cain/Deacon Railroad Crossing $1,000,000
– Rock Prairie Rd West
• Wellborn Rd to City Limits $2,500,000
– Neighborhood Safety Improvements
• Holik, Park Place, Anna & Glade $ 590,000

8. City of College Station
2017 Bond Sale (new money)
Certificates of Obligation
• Street Projects
– Holleman Drive South Widening $10,405,000
– Royder Road Expansion $ 2,230,000
– Greens Prairie Rd - Arrington to
• CL W of WS Phillips Parkways $ 325,000
– Greens Prairie Trail
• CL W of Woodlake to Royder $ 150,000

9. City of College Station
2017 Bond Sale (new money)
Certificates of Obligation
• Street Projects
– Oversize Participation $ 150,000
– Sidewalk Projects $ 200,000
– Texas Ave Planter Boxes $ 400,000
– Traffic Signal Projects $ 750,000
Street Total $21,135,000

10. City of College Station
2017 Bond Sale (new money)
Certificates of Obligation
• Parks Projects
– Aquatics Improvements $ 290,000
– System Wide Park Improvements $ 735,000
Parks Total $ 1,025,000

11. City of College Station
2017 Bond Sale (new money)
Certificates of Obligation
• General Government
– Police Station Construction $25,000,000
– Public Safety Radio Replacement $ 1,385,000
– Self-Contained Breathing Apparatus $ 1,150,000
– Fiber Optic Infrastructure $ 275,000
– Electronic Storage Upgrade $ 275,000
– City Gateway Sign #2 $ 175,000
General Government Total $ 28,260,000

12. City of College Station
2017 Bond Sale (new money)
Certificates of Obligation
• Water Projects
– Water Well #9 $3,335,000
– Well #9 Collection Line $2,085,000
– State Highway 6 Water Lines $2,450,000
– Wellfield Collection System Loop $ 550,000
Water Total $ 8,420,000

13. City of College Station
2017 Bond Sale (new money)
Certificates of Obligation
• Wastewater Projects
– Lick Creek Wastewater Treatment
Plant Expansion $5,000,000
Wastewater Total $5,000,000

14. City of College Station
2017 Bond Sale (new money)
New Money Total
• General Obligation Bond Projects $17,390,000
• Certificates of Obligation Projects $63,840,000
Projects Total $81,230,000
• Estimated Debt Issuance Costs $ 600,000
Total New Money Issuance $81,830,000

15. City of College Station
2017 Bond Sale (Refunding)
Recommended Refunding
• 2009 Bonds (GO Refunding) $ 1,740,000
• 2009 Bonds (CO) $12,920,000
Total $14,660,000

16. City of College Station
City of College Station
FirstSouthwest, a
Division of Hilltop
Securities Inc.
Presentation
Kristin Blomquist
Assistant Vice President

17. City of College Station
2017 Bond Sale and Refunding
• Staff Recommendations – GO & Refunding Bonds
– Approval of the Ordinance authorizing the issuance
of the General Obligation Improvement (GO) and
Refunding Bonds, Series 2017;
– 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.

18. City of College Station
2017 Bond Sale and Refunding
• Staff Recommendations – CO Bonds
– Approval of the Ordinance authorizing the issuance
of the Certificates of Obligation (CO), Series 2017;
– 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.

19. City of College Station
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