Successful Bond Elections need sound strategy and need to bring value to community. Jim Proce's presentation used in 2015 resounded well with the community and the strategy remains in place years after resulting in a follow up election in 2018 which was also successful. Coomunbity buy in is dependent upon perceived (and actual) value, sound strategy, and well constructed priorities.

1. Jim Proce
Assistant City
Manager

2. TODAY’S AGENDA
General Obligation Bond Process - May 9, 2015
• What is the CIP Task Force?
• What are they tasked with doing for Rowlett?
• What are some of the challenges encountered?
• How much will this initiative cost us and how will we pay for
it?
• Where can I get more info?
• What is next?

3. What is the CIP Task Force?
What are they tasked with doing for Rowlett?
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4. Task Force Responsibilities
The City Council has directed staff to initiate (by resolution) a citizen ad-hoc
committee tasked to develop a recommendation for the upcoming bond election of
May 2015.
The task force recommendation to Council for the May 2015 bond election, will
include project identification, ranking, and prioritization.
There will be periodic meetings, dates, and times to be published in accordance with
the Board and Commissions guidelines.
Once the task force goals have been met, its work will be considered complete, and
the task force will stand down. It is estimated its duration will run through May or
June of 2015.

5. CIPTF
• CIPTF Members
• Erik Ernst – Chair
• Martha Brown – Vice Chair
• Rhetta Bowers
• Diane Lemmons
• James Moseley
• Jeff Sheldon
• Trevor Read
• Council Liaison
• Michael Gallops
• Tammy Dana-Bashian
• Staff
• Jim Proce, Assistant City Manager
• John Murray, HR Director
• Lola Isom, Staff Coordinator
• Alan Guard, CFO
• Tim Rogers, Public Works Director
• Jermel Stevenson, Park& Rec Dir.
• Robbin Webber, Asst. PW Dir.
• Keith Flournoy, Parks Manager
• Neil Howard, Fire Chief
• Mike Brodnax, Police Chief

6. The process of project development included:
Planning for future bond initiatives for 2018
Review of financial capacities
Determination of implementation strategies
Committee ranking and prioritizing of submitted projects
Committee evaluation of projects submitted for consideration
Committee development of ranking criteria
Committee tours of facilities and infrastructure

7. What are some of the challenges
encountered?
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8. Challenges Ahead
Impact and
uncertainty of
ongoing water
restrictions
impacting
revenues and
infrastructure
The previous bond
money will be
expended on
projects underway
near completion
Addressing quality
of life issues and
things that make
Rowlett a great
community
Planning
infrastructure for
future growth &
much needed
capacity
improvements
Funding for unmet
needs still remains
a concern
(streets, alleys,
parks, facilities, &
drainage)
Planning for a successful bond election
requires balanced priorities
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9. Existing
Infrastructure
Needs
Planning for
Growth and
Capacity
Needs
Quality of
Life
Initiatives
Balancing
Priorities
Providing a strategic overview to provide something for everyone

10. $25M+
3 year
implementation
plan
NO TAX
INCREASE
Bond Goals
10Addressing community needs with no impact to current tax rate

11. Ranking Criteria
(100 point Scale)
Transportation &
Circulation
Public Safety
Existing
Infrastructure
Revitalization &
Balanced Growth
Quality of Life
Regulatory
Compliance
External Funding
Impact on
Operational
Budget
Timing/Location
Special
Considerations

12. How much will this cost us
and how will we pay for it?
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13. Existing Debt Service Schedule
$-
$2,000,000
$4,000,000
$6,000,000
$8,000,000
$10,000,000
$12,000,000
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
City of Rowlett
Debt Service Schedule-Existing @ 12-31-13
Tax Rate Golf Refuse Drainage
It has been nearly 10 years since
the last measureable
governmental bonds were
issued.
As a result, the City has a large
curve where bonded
indebtedness will significantly
drop off in the near future.

14. Future Bonding Capacity
$-
$2,000,000
$4,000,000
$6,000,000
$8,000,000
$10,000,000
$12,000,000
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
City of Rowlett
Current Debt Schedule and Future Bonding Capacity
Tax Rate Golf Refuse Drainage New
$76.5M in
bonding
capacity.
This freed up bond capacity
could provide the ability as much
as $76.5 million over the next
ten years without a tax rate
increase.

15. Leveraged Bond Packages
The City could best leverage the
freed up bond capacity in a
series of bond packages.
$-
$2,000,000
$4,000,000
$6,000,000
$8,000,000
$10,000,000
$12,000,000
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
City of Rowlett
Hypothetical Leveraged Bond Packages
Tax Rate Golf Refuse Drainage New¹ New² New³ New⁴

16. Current forecasts
• The initial targeted estimate for the bond amount was between $22M
and $25M based upon the projections provided at that time.
• Since then, the financial forecasts have been refined and the
projections have been revised to be $27M.
• This can be achieved with NO TAX INCREASE
SERIES 2015 SERIES 2016 SERIES 2017
$10,085,000 $4,750,000 $12,235,000
3.10% 4.50% 5.00%
Assume 8/1 delivery date in each year

17. Important milestones and dates
Upcoming Council Work Sessions – January 27, & February 3, 10
Adoption of slate of projects for ballot – February 17
Community Education/Outreach Meetings – March and April
Election Day – May 9
Issuance of Bonds – August 2015
Planning for 2018 – in 2016/2017

18. So where can I get more info?
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19. Interactive Website & YouTube
• www.Rowlett.com
• http://www.youtube.com/watch?v=y
7pHFb3-1ZU&feature=youtu.be
• http://www.rowlett.com/index.aspx?
NID=1335
• http://youtu.be/Ixjf-uuAmf4

20. Questions?

21. What are some of the historical issues
perceived by the public?
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22. 22

23. On 5-13-06, City held a bond election
for 4 projects totaling $31.5M
Every item on the list failed
46 days later, on June 27, 2006, the City
issued $38.3M in certificates of
obligation
The Bonds issued were not for those
projects on the May ballot; however,
many residents believed they were and
were absolutely incensed
Many residents felt disenfranchised by
that election and hold residual
resentment with the City
This history comes up every time we
sell debt for any reason
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24. $10,245 $10,500
$22,170
$26,460
$18,565
$7,180
$11,775
$0
$10,000
$20,000
$30,000
$40,000
$50,000
2003 2004 2005 2006
City of Rowlett Bond Proceeds
Fiscal Years 2003-2006 (in thousands)
Gov't Bonds (COs/GOs) W&S Rev Bonds
$29,065 $29,350
$38,235
$10,245
The City of Rowlett
issued $106.9 million
over a 4 year period
between FY2003-
FY2006.
These bonds are
expected to be finally
spent by the end of
FY2014.
Less than 15% of the
Government Bonds
were voter approved!
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25. What Did We Do with the Money?
• Over $100M
– Major road projects
– City facilities
– Parks
– Utility projects
– PGBT betterments
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