This document proposes holding a special election on November 8, 2016 to issue $12 million in general obligation bonds to fund capital street improvement projects in the city. It outlines the proposed projects which include milling and overlaying streets as well as reconstructing seven streets with new curbs and sidewalks. It provides an analysis of the project's estimated tax rate impact and sample property tax statements. It also includes information on the election such as early voting dates and locations.

1. 1
An Ordinance Ordering a Special Election to be held
on November 8, 2016, for the issuance of General
Obligation Bonds to fund the Capital Street
Improvement Project
Presented By: Mark Browne
City Manager
Item No. 5
August 22, 2016

2. 2
Introduction
• Staff has estimated approximately $12 million in Capital
Infrastructure Improvement Projects for City Council
consideration
• Scope of work includes
• Mill and Overlay of various streets within the City
• Re-construction of seven streets with new curbs and
sidewalks
• Streets not identified have received paving in the last 8
years and streets needing Utility improvements mandated
by TCEQ
• The City is proposing to issue debt to fund these
infrastructure improvements

3. 3
Application Types
• Mill and Asphalt Overlay involves the milling of
existing asphalt and the overlay of a new asphalt
surface
• Street Reconstruction involves the complete
removal and replacement of the asphalt and base
materials as well as new sidewalks and curbs

4. 4
NewlyPaved
FullReconstruction

5. 5
Reconstruction will include new curbs and Sidewalks

6. 6
Mill and Overlay – Curb to Curb

7. 7
Wedge Mill – milling
of the curb edges
prior to asphalt
overlay of full street

8. 8

9. 9
Tax Rate Analysis
• Current Property Tax Rate
• M&O Rate $0.330762
• I&S Rate $0.059500
• Total Rate $0.390262
• With proposed bond issuance Property Tax Rate will not increase
until 2018
• Current I&S Rate $0.059500
• Estimated Increase $0.035700
• Total I&S Rate $0.095200
• Then decrease in 2033
• Decrease $0.031800
• Estimated I&S Rate $0.063400

10. 10
Preliminary Tax Rate Analysis
Existing Tax-
Supported
D/S
Principal Interest Total Projected
Total Tax-
Supported
D/S
$9,917,486 $12,000,000 $5,441,677 $17,441,677 $27,359,163

11. 11
SAMPLE STATEMENT ON 2015 AVERAGE TAXABLE
HOME VALUE IN ALAMO HEIGHTS, TEXAS
Taxing Unit Assessed Value
Homestead
Exemption
Taxable
Value
2015 Rate per $100 Tax Levy
% of Total
Levy
Alamo Heights I.S.D. $559,986 $25,000 $534,986 $1.195000 $6,393 44%
City of Alamo Heights $559,986 N/A $559,986 $0.390262 $2,185 15%
Alamo Community College Dist. $559,986 N/A $559,986 $0.149150 $835 6%
Bexar County $559,986 N/A $559,986 $0.297500 $1,666 12%
University Health System $559,986 N/A $559,986 $0.276235 $1,547 11%
County Road & Flood $559,986 $3,000 $556,986 $0.017000 $95 12%
S.A. River Authority $559,986 $5,000 $554,986 $0.017290 $96 1%
Total $2.342437 $12,817 100%

12. 12
SAMPLE STATEMENT ON 2018 AVERAGE TAXABLE
HOME VALUE IN ALAMO HEIGHTS, TEXAS
Taxing Unit Assessed Value
Homestead
Exemption
Taxable
Value
2015 Rate per $100 Tax Levy
% of Total
Levy
Alamo Heights I.S.D. $559,986 $25,000 $534,986 $1.195000 $6,393 44%
City of Alamo Heights $559,986 N/A $559,986 $0.425962 $2,385 16%
Alamo Community College Dist. $559,986 N/A $559,986 $0.149150 $835 6%
Bexar County $559,986 N/A $559,986 $0.297500 $1,666 11%
University Health System $559,986 N/A $559,986 $0.276235 $1,547 11%
County Road & Flood $559,986 $3,000 $556,986 $0.01700 $95 11%
S.A. River Authority $559,986 $5,000 $554,986 $0.017290 $96 1%
Total $2.378137 $13,017 100%

13. TOTAL DEBT SERVICE
Original Issues General Fund Utility
Last
Payment
* 2007 CO $7.5 million (GF $5.165 m and Utility $2.335 m) 1,073,059$ 232,814$ Aug 2017
2012 GO $6.3 million City Hall Building 7,137,128$ ‐$ Aug 2032
2016 GO REFUNDING $2.975 million 1,707,298$ 1,674,158$ Aug 2027
Total (Principal and Interest) 9,917,486$ 1,906,971$ 11,824,457$
Note
* 2007 Bonds were for General Fund and Utility Fund
New fire fighting and rescue apparatus
Repairs, extensions and improvements to water system
Repairs, extensions and improvements to sewer system
Construct street and sidewalk improvements and related
pedestrian amenities
Fund storm water drainage master plan
Repair, modify and renovate various City facilities
Pay for professional services related to these projects and
pay for cost of issuance

14. 14
Map of Streets

15. 1515
• Two Public Informational Meetings were held
at City Hall introducing proposed project
− June 29th
− July 20th
• The information was also placed on the City
Website for citizens who could not attend the
meetings
Background

16. 1616
• City Council of the City of Alamo Heights,
Texas shall be authorized to issue bonds in the
amount of $12,000,000 for the purpose of
constructing and/or repairing streets, curbs,
sidewalks and related drainage improvements
with the bonds.
Proposition

17. 1717
• City Council shall be authorized to levy and
pledge, and cause to be assessed and
collected, annual ad valorem taxes on all
taxable property in the City, to pay the annual
interest on the bonds and provide a sinking
fund to pay the bonds at maturity.
Proposition

18. 1818
• Early Voting
 Lion’s Field Adult /Senior Center, Olmos Park City
Hall, and Tobin Library are included in the list of
Early Voting locations
 October 25, 2016 – November 4, 2016
• Election Day Voting
 Tuesday, November 8, 2016
 Precincts 3020 & 3026 at Alamo Heights Baptist
Church, 6501 Broadway
 Precinct 3025 at City Hall, 6116 Broadway
 7:00 a.m. – 7:00 p.m.
Election Information

19. 1919
• Voting information will be available:
 City’s website
 September/October newsletter
 Publications will be in the San Antonio Express-
News and La Prensa
 Call City Secretary at 832-2209
Election Information (con’t)

20. 2020
• Texas Government Code, Chapter 1251
allows the municipal authority to call
general obligation bond elections.
Policy Analysis

21. 21
Fiscal Impact
• If approved by the voters, tax-exempt general
obligation bonds would be sold at an
advantageous time for the City depending upon
interest rates and market conditions in or about
early 2017.
• The City should realize cost savings by
participating in the Joint Election.

22. 22
QUESTIONS