agenda 2012 and 2014 bond oversight committees … · 2018. 2. 1. · 2012 and 2014 bond oversight...
TRANSCRIPT
AGENDA
2012 AND 2014 BOND OVERSIGHT COMMITTEES
February 23, 2017
Joint Meeting of the City of Denton 2012 Bond Oversight Committee and 2014 Bond Oversight
Committee on Thursday, February 23, 2017 at 12:00 p.m. in the City Hall Conference Room, at City
Hall, 215 E. McKinney Street, Denton, Texas at which the following items will be considered:
OPEN MEETING:
1. Call to order, announce quorum and introductions of the 2012 Bond Oversight Committee.
2. Hold a discussion and appoint a Chairperson for the 2012 Bond Oversight Committee.
3. Call to order, announce quorum and introductions of the 2014 Bond Oversight Committee.
4. Consider approval of minutes of February 16, 2016 of the 2014 Bond Oversight Committee.
5. Receive a report, hold a discussion, and give staff direction regarding the current status of funded
projects.
6. Receive a report, hold a discussion, and give staff direction regarding the issuance timeline for
General Obligation Bonds for the 2012 and 2014 bond election projects.
7. Under Section 551.042 of the Texas Open Meeting Act, respond to inquiries from the 2012 and
2014 Bond Oversight Committee or the public with specific factual information or recitation of
policy, or accept a proposal to place the matter on the agenda for an upcoming meeting.
AND
Under Section 551.0415 of the Texas Open Meetings Act, provide reports about items of
community interest regarding which no action will be taken, to include: expressions of thanks,
congratulations or condolence; information regarding holiday schedules; an honorary or
salutary recognition of a public official, public employee, or other citizen; a reminder about an
upcoming event organized or sponsored by the governing body; information regarding a social,
ceremonial, or community event organized or sponsored by an entity other than the governing
body that was attended or is scheduled to be attended by a member of the governing body or an
official or employee of the municipality; or an announcement involving an imminent threat to
the public health and safety of people in the municipality that has arisen after the posting of the
agenda.
CERTIFICATE
I certify that the above notice of meeting was posted on the bulletin board at the City Hall of the City
of Denton, Texas, on the ______ day of February, 2017 at ____ o’clock p.m.
CITY SECRETARY
NOTE: The City Hall Conference Room at City Hall is handicap-accessible in accordance with the
Americans with Disabilities Act. The City will provide sign language interpreters for the hearing
impaired if requested at least 48 hours in advance of the scheduled meeting. Please call the City
Secretary’s office at (940) 349-8309 or use telecommunications devices for the deaf (TDD) by
calling 1-800-RELAY-TX so that a sign language interpreter can be scheduled through the City
Secretary’s office.
THIS PAGE INTENTIONALLY LEFT BLANK
AGENDA INFORMATION SHEET
AGENDA DATE: February 23, 2017
DEPARTMENT: Finance
ACM: Bryan Langley
SUBJECT
Call to order, announce quorum and introductions of the 2012 Bond Oversight Committee.
BACKGROUND
On February 12, 2013, the Denton City Council created the 2012 Bond Oversight Committee for
the purpose of providing guidance when adjustments and changes to the bond program might be
necessary. The City Council appointed the following individuals: Marty Rivers, Tim Crouch, Jo
Williams, David Sanchez, Calvin Evans, Jerry Clark and Michael Gibson.
The purpose of this item is to call to order, announce quorum and introductions of the 2012 Bond
Oversight Committee.
EXHIBITS
None.
Respectfully submitted:
Chuck Springer, 349-8260
Director of Finance
2012 & 2014 JOINT BOND OVERSIGHT COMMITTEE AGENDA: Item #1
THIS PAGE INTENTIONALLY LEFT BLANK
AGENDA INFORMATION SHEET
AGENDA DATE: February 23, 2017
DEPARTMENT: Finance
ACM: Bryan Langley
SUBJECT
Hold a discussion and appoint a Chairperson for the 2012 Bond Oversight Committee.
BACKGROUND
On February 12, 2013, the Denton City Council created the 2012 Bond Oversight Committee for
the purpose of providing guidance when adjustments and changes to the bond program might be
necessary.
The purpose of this item is to allow the Committee an opportunity to consider nominations for
the Chair position.
EXHIBITS
1. Resolution
Respectfully submitted:
Chuck Springer, 349-8260
Director of Finance
2012 & 2014 JOINT BOND OVERSIGHT COMMITTEE AGENDA: Item #2
s: llegallour documentslresolutions\ 13\ oversight committee.doc
soLUT1oN No. R2013-005
A RESOLUTION CREATING A SPECIAL SEVEN ( 7) MEMBER OVERSIGHT
COMMITTEE TO MONITOR, EVALUATE AND REPORT ON PROGRESS OF THE FIVEYEAR CAPITAL IMPROVEMENT PROGRAM, WHICH WAS APPROVED BY THE
VOTERS AT THE BOND ELECTION ON NOVEMBER 6, 2012; AND PROVIDING FORAN EFFECTIVE DATE.
WHEREAS, the City Council called and ordered a bond election for November 6, 2012, for the purpose of submitting to the voters of the City of Denton certain capital improvements, which bonds were approved by the voters as a result of the election; and
WHEREAS, the Citizens Bond Advisory Committee fulfilled its charge of makingrecommendations relative to the projects which should be submitted to the electorate; and
WHEREAS, as has been the practice and is recommended that a special committee be
appointed by the City Council to monitor, evaluate, and report on the progress of the Five YearCapital Improvement Program; and
WHEREAS, the City Council is desirous of accepting such recommendation; NOW, THEREFORE,
THE COUNCIL OF THE CITY OF DENTON HEREBY RESOLVES:
SECTION 1. The City Council hereby creates a special seven ( 7) member oversightcommittee to monitor, evaluate, and report on the progress of the Five Year Capital Improvement
Program, which was approved by the voters at the bond election on November 6, 2012. The
committee shall make recommendations to the City Council when potential changes oradjustments to the bond projects occur.
SECTION 2. The Oversight Committee shall serve for five years or until substantial
expenditure of the funds from the approved bond program.
SECTION 3. This resolution shall become effective immediately upon its passage andapproval.
PASSED AND APPROVED this the /,/ day of G , 2013.
MA A. B O S, MAYOR
s:\ legallour documentslresolutions1131bond committee reso 021213. doc
ATTEST:
JENNIFER WALTERS, CITY SECRETARY
BY: ' -
APPR ED A TO LEGAL FORM:
ANITA BURGESS, CITY ATTORNEY
BY: ,/ n 1z l,t<-- 1
Page 2
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AGENDA INFORMATION SHEET
AGENDA DATE: February 23, 2017
DEPARTMENT: Finance
ACM: Bryan Langley
SUBJECT
Call to order, announce quorum and introductions of the 2014 Bond Oversight Committee.
BACKGROUND
On February 3, 2015, the Denton City Council created the 2014 Bond Oversight Committee for
the purpose of providing guidance when adjustments and changes to the bond program might be
necessary.
The purpose of this item is to call to order, announce quorum and introductions of the 2014 Bond
Oversight Committee.
EXHIBITS
1. Resolution
Respectfully submitted:
Chuck Springer, 349-8260
Director of Finance
2012 & 2014 JOINT BOND OVERSIGHT COMMITTEE AGENDA: Item #3
c,\ users\ 2376634 \appdata \local \microsoft \windows \temporary internet files \content.outlook \zr7bgbp9 \bond committee reso 020315. doc
RESOLUTION NO. R2015 -003
A RESOLUTION CREATING AND APPOINTING MEMBERS TO A SPECIAL FIVEMEMBER OVERSIGHT COMMITTEE TO MONITOR, EVALUATE AND REPORT ONPROGRESS OF THE SIX YEAR CAPITAL IMPROVEMENT PROGRAM, WHICH WAS
APPROVED BY THE VOTERS AT THE BOND ELECTION ON NOVEMBER 4, 2014; ANDPROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, the City Council called and ordered a bond election for November 4, 2014, for the purpose of submitting to the voters of the City of Denton certain capital improvements, which bonds were approved by the voters as a result of the election; and
WHEREAS, the Citizens Bond Advisory Committee fulfilled its charge of makingrecommendations relative to the projects which should be submitted to the electorate; and
WHEREAS, as has been the practice and is recommended that a special committee be
appointed by the City Council to monitor, evaluate, and report on the progress of the SixYearCapital Improvement Program; and
WHEREAS, the City Council is desirous of accepting such recommendation; NOW, THEREFORE,
THE COUNCIL OF THE CITY OF DENTON HEREBY RESOLVES:
SECTION 1. The City Council hereby creates a special five member oversightcommittee to monitor, evaluate, and report on the progress of the Six Year Capital Improvement
Program, which was approved by the voters at the bond election on November 4, 2014. The
committee shall make recommendations to the City Council when potential changes oradjustments to the bond projects occur.
SECTION 2. The membership of the Oversight Committee shall consist of the Chairsand Subcommittee Chairs of the 2014 Citizen Bond Advisory Committee: Tim Crouch, RandyRobinson, Sarah Hoffman, Brandon McCleskey, and Janet Shelton
SECTION 3. The Oversight Committee shall serve for five years or until substantial
expenditure of the funds from the approved bond program.
SECTION 4. This resolution shall become effective immediately upon its passage andapproval.
PASSED AND APPROVED this the S
Exhibit 1
c:\ users\ 2376634 \appdata \local \microsoft \windows \temporary internet files \content.outlook \zr7bgbp9 \bond committee reso 020315. doc
ATTEST:
JENNIFER WALTERS, CITY SECRETARY
BY; ..
APPI [" D Al. TO LEGAL FORM:
ANITA BURGESS, CITY ATTORNEY
BY-
Page 2
Exhibit 1
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AGENDA INFORMATION SHEET
AGENDA DATE: February 23, 2017
DEPARTMENT: Finance
ACM: Bryan Langley
SUBJECT
Consider approval of 2014 Bond Oversight Committee minutes of February 6, 2016.
BACKGROUND
The draft minutes from the 2014 Bond Oversight Committee meeting of February 6, 2016 are
attached for the Committee’s consideration and approval.
EXHIBITS
1. Draft Minutes – February 6, 2016
Respectfully submitted:
Chuck Springer, 349-8260
Director of Finance
2012 & 2014 JOINT BOND OVERSIGHT COMMITTEE AGENDA: Item #4
AGENDA
2014 BOND OVERSIGHT COMMITTEE
February 16, 2016
Draft Minutes
After determining that a quorum was present, the 2014 Bond Oversight Committee of the City of
Denton, Texas, convened in a regular meeting on February 16, 2016, at 11:02 a.m., in the City Hall
Conference Room, at City Hall, 215 E. McKinney Street, Denton, Texas at which the following
items will be considered:
PRESENT: Committee Chair, Randy Robinson; Committee Member, Janet Shelton;
Committee Member, Sarah Hoffman; Committee Member, Brandon
McCleskey; Committee Member, Tim Crouch
STAFF PRESENT: Bryan Langley, Assistant City Manager; Howard Martin, Assistant City
Manager; Jon Fortune, Assistant City Manager; Chuck Springer, Director
of Finance; Antonio Puente, Assistant Director of Finance; Mark Nelson,
Director of Transportation; Frank Payne, City Engineer; Keith Gabbard,
Street and Drainage Superintendent; Kenneth Hedges, Assistant Fire
Chief; Emerson Vorel, Director of Parks and Recreation; John Davis,
Director of Engineering Services; Roger White, Police Deputy Chief;
Nancy Towle, Budget Manager; Cindy Liang, Accountant; and Kristy
Odom, Recording Secretary.
ABSENT: Committee Member, Tim Crouch
The following items were considered:
OPEN MEETING:
1. Consider approval of 2014 Bond Oversight Committee Minutes of December 9, 2015.
Brandon McCleskey, Committee Member made a motion to approve minutes. Committee
Member, Janet Shelton seconded the motion. Motion carried unanimously.
2. Receive a report, hold a discussion and give staff direction regarding the issuance timeline
for General Obligation Bonds for the 2014 bond election projects.
Chuck Springer, Director of Finance, addressed the recommended changes on the planned
issuance dates by project for the 2014 bond program.
Emerson Vorel, mentioned the change to the sale of bonds for public art projects. The City has
received a certificate of appropriateness to remove the original fire bell from City Hall West
dating back to the 1800’s and build a 9/11 Firefighters Memorial in front of Central Fire where
the original bell will be hung. This has been moved up to the current year in order to try and have
the project complete by the fifteen year anniversary of the September 11 tragedy.
Vorel, described a recommended public art for park projects. Jesus Morales, a sculptor at UNT
has passed and the City has been offered a piece of his art, and the public art committee would
like to have it installed in the courtyard at City Hall.
Springer, discussed the total general obligation bonds recommended to be sold has increased for
2016, but certificates of obligation sale for 2016 is being reduced. He stated that the tax rate is
about the same, conservatively estimated at ¾ of a cent tax increase over the next couple years
related to the planned debt sales in 2016 and 2017.
He will be taking the necessary action items to council in March / April to move forward.
Sarah Hoffman, Committee Member made a motion to recommend the changes for the 2015-16
bond sale to council for full approval. Committee Member, Janet Shelton seconded the motion.
Motion carried unanimously.
3. Management Report – Memorandum regarding the Sidewalk Improvement Plan.
Frank Payne, City Engineer, explained that the staff from the Streets, Transportation, and Traffic
departments meet over the history of missing sidewalks, or projects that need to be completed
and came up with a cost estimate of those items. The sidewalk projects are then prioritized based
on ADA compliance and those projects will be moved to the top, of the list for completion.
4. Under Section 551.042 of the Texas Open Meeting Act, respond to inquiries from the
Audit/Finance Committee or the public with specific factual information or recitation of
policy, or accept a proposal to place the matter on the agenda for an upcoming meeting.
AND
Under Section 551.0415 of the Texas Open Meetings Act, provide reports about items of
community interest regarding which no action will be taken, to include: expressions of
thanks congratulations or condolence; information regarding holiday schedules; an
honorary or salutary recognition of a public official, public employee, or other citizen; a
reminder about an upcoming event organized or sponsored by the governing body;
information regarding a social, ceremonial, or community event organized or sponsored by
an entity other than the governing body that was attended or is scheduled to be attended by
a member of the governing body or an official or employee of the municipality; or an
announcement involving an imminent threat to the public health and safety of people in the
municipality that has arisen after the posting of the agenda.
With no additional business to be addressed, the Committee adjourned at 11:28 a.m.
________________________________ _______________________________
RANDY ROBINSON KRISTY ODOM COMMITTEE CHAIR RECORDING SECRETARY
CITY OF DENTON, TEXAS CITY OF DENTON, TEXAS
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AGENDA INFORMATION SHEET
AGENDA DATE: February 23, 2017
DEPARTMENT: Finance
ACM: Bryan Langley
SUBJECT
Receive a report, hold a discussion, and give staff direction regarding the current status of funded
projects.
BACKGROUND
The purpose of this item is to provide the committees an update of currently funded projects.
Staff has attached the City’s General Obligation (GO) Bond Program Update for the 1st Quarter
of FY 2017 (Exhibit 1). Similar updates have been included in the City’s Quarterly Financial
Report since the 1st Quarter of FY 2016 and are available on the City’s website. The following
table reflects the total amount of GO bonds authorized, issued and remaining as of the date of
this report:
Program/Purpose Authorized Issued Remaining
2012 / Streets $ 20,000,000 $16,000,000 $ 4,000,000
2012 / Public Art $ 400,000 $ 400,000 $ -
Subtotal – 2012 Bond Program $ 20,400,000 $16,400,000 $ 4,000,000
2014 / Streets $ 61,710,000 $13,340,000 $48,370,000
2014 / Public Safety $ 16,565,000 $ 8,355,000 $ 8,210,000
2014 / Drainage $ 8,545,000 $ 5,255,000 $ 3,290,000
2014 / Parks $ 11,355,000 $ 4,280,000 $ 7,075,000
Subtotal – 2014 Bond Program $ 98,175,000 $31,230,000 $66,945,000
Grand Total $118,575,000 $47,630,000 $70,945,000
Discussion on the issuance timing of the remaining bonds will be detailed in the next item of
today’s agenda. However, be advised that on October 18, 2016, the City Council approved a
reimbursement ordinance in which $2.1 million in GO Bond funded projects for FY 2016-17
were authorized to proceed well in advance of the planned bond sale which is tentatively planned
for May 2017. As of the date of this report, only $1.5 million of that amount has been initiated
and is reflected on the attached GO Bond Program Update ($1 million for Fire Station 4 and
$500,000 for traffic signals).
The following is a brief highlight of a few major projects contained in Exhibit 1:
1. The City has spent or encumbered approximately $10.4 million for street reconstruction
projects. This amount includes bonds from both the 2012 and 2014 Bond Programs.
While the GO Bond Program Update attempts to provide an accounting by bond
program, the committees should be aware that staff has not restricted the use of these
2012 & 2014 JOINT BOND OVERSIGHT COMMITTEE AGENDA: Item #5
Agenda Information Sheet
February 23, 2017
P a g e | 2
bonds to the list of streets presented to each of the Citizen Bond Advisory Committees.
The primary reason being the scheduling of these projects. In other words, the bonds
have been utilized on street projects that are ready for reconstruction with no underlying
utility work. Street Department staff will be available to the committees to discuss this
matter in more detail, if needed.
2. The City has issued $7,225,000 for Fire Station 3 ($2,205,000) and 4 ($5,020,000) and
planned to issue the remaining $6,415,000 for Fire Station 3 in May 2017. However, as a
result of higher than anticipation construction costs, staff has re-prioritized bonds in order
to complete Fire Station 4 which is the more immediate project. Staff transferred
$1,100,000 from the Fire Station 3 project to the Fire Station 4 project. The budget for
the Fire Station 4 project is now $6,120,000. Additionally, the Fire Department is in the
process of constructing a training tower for which additional funding is needed. This
project was initially funded with $2,700,000 in Certificates of Obligation (COs). After
consulting with the City’s Bond Counsel regarding the appropriateness of funding the
training tower with General Obligation Bonds, staff transferred $172,000 from the Fire
Station 3 project to the training tower project. The budget for the training tower project
is now $2,872,000. As a result of these transfers, the Fire Station 3 project now has a
budget of $7,348,000 although staff estimates the true cost to be approximately
$8,620,000. In conjunction with the FY 2017-18 budget process, staff plans to discuss
with the City Council funding options to complete Fire Station 3.
Staff from various departments will be available during the meeting to respond to any questions
the committee’s may have on any of the projects reflected in Exhibit 1.
EXHIBITS
1. GO Bond Program Update – 1st Quarter FY 2017
Respectfully submitted:
Chuck Springer, 349-8260
Director of Finance
Prepared by:
Antonio Puente, Jr.
Assistant Director of Finance
2012 G
O B
ON
D P
RO
GR
AM
UP
DA
TE
Pro
gra
m
Desc
riptio
n
To
tal
Pro
ject C
ost
Bo
nd
s
Issued
Sp
en
t/E
ncu
mb
ere
d
Ava
ilab
le
as o
f 12/
31/
16
Street
Reco
nstru
ction
$20,0
00,0
00
$16,0
00,0
00
$8,6
36,1
31
$7,3
63,8
69
Pub
lic Art fo
r Streets
$400,0
00
$400,0
00
$0$4
00,0
00
Pro
po
sition
1 –S
treet &
Pu
blic
Art Im
pro
vem
en
ts$20,4
00,0
00
$16
,400,0
00
$8,6
36,13
1$7,7
63,8
69
Pro
gra
m
Desc
riptio
nS
taff
Co
mm
en
ts
Street
Reco
nstru
ction
Staff h
as com
pleted
91 o
f 208 to
tal segmen
ts from
the 2
012 b
on
d p
rogram
. How
ever,th
e amo
un
t reflected o
n
this rep
ort reflects th
at 61 segm
ents fro
m th
e 2012 b
on
d p
rogram
and 1
6 segm
ents fro
m th
e 2014 b
on
d
pro
gram
have b
een fu
nded
with
2012 B
on
d E
lection
bo
nds. T
he rem
ainin
g 31 segm
ents h
ave been
fun
ded
by
oth
er sources, in
cludin
g un
spen
t GO
bo
nds related
to th
e 2005 b
on
d p
rogram
.
Pub
lic Art fo
r Streets
An
icon
ic Den
ton
Med
allion
is to b
e placed
alon
g I-35 o
n eith
er side o
f the N
orth
Tex
as Blvd
. Brid
ge.
Pro
po
sals for artistic d
esign, co
nstru
ction
and in
stallation
have b
een received
by staff. T
he n
ext step
is an R
FP
for co
nstru
ction
.
Pro
po
sition
1 –S
treet &
Pu
blic
Art Im
pro
vem
en
ts
2014 G
O B
ON
D P
RO
GR
AM
UP
DA
TE
Pro
gra
m
Desc
riptio
n
To
tal
Pro
ject C
ost
Bo
nd
s
Issued
Sp
en
t/E
ncu
mb
ere
d
Ava
ilab
le
as o
f 12/
31/
16
Street
Reco
nstru
ction
$24,0
00,0
00
$2,0
00,0
00
$1,8
33,9
90
$166,0
10
Misc. T
raffic Sign
als$3
,000,0
00
$1,5
00,0
00
$150,5
80
$1,3
49,4
20
Tran
spo
rtation
Div
ision
Facility
$1,5
00,0
00
$1,5
00,0
00
$121,9
33
$1,3
78,0
67
Rail Q
uiet Z
on
e –M
cKin
ney
to P
rairie$3
50,0
00
$350,0
00
$0$3
50,0
00
Bo
nn
ie Brae S
econ
dary
Arterial
$9,5
00,0
00
$2,0
00,0
00
$0$2
,000,0
00
Misc. S
idew
alks
$2,0
00,0
00
$950,0
00
$69,0
01
$880,9
99
Hick
ory
Creek
Ro
ad –
FM
2181 to
Riverp
ass$3
,000,0
00
$3,0
00,0
00
$0$3
,000,0
00
Mo
rseStreet E
xp
ansio
n$2
,900,0
00
$1,2
50,0
00
$0$1
,250,0
00
Ruddell
Exten
sion
$5,7
80,0
00
$790,0
00
$558,6
66
$231,3
34
Misc. R
oad
ways
$2,0
00,0
00
$500,0
00
$286
$499,7
14
Pro
po
sition
1 –S
treet Im
pro
vem
en
ts$54,0
30,0
00
$13
,840,0
00
$2,7
34,4
56
$11,10
5,5
44
2014 G
O B
ON
D P
RO
GR
AM
UP
DA
TE
Pro
gra
m
Desc
riptio
nS
taff
Co
mm
en
ts
Street
Reco
nstru
ction
Staff h
asco
mp
leted 2
6 o
f 195 to
tal segmen
ts from
the 2
014 b
on
d p
rogram
. On
ly on
e pro
ject, Lillian
Miller,
represen
ting 9
segmen
ts was fu
nded
from
the $2
millio
n reflected
as issued
from
the 2
014 B
on
d E
lection
.
Misc. T
raffic Sign
alsA
t 100%
design
for L
ocu
stan
d O
ak/H
icko
ry (2 in
tersection
s) and E
lm an
d O
ak/H
icko
ry (2 in
tersection
s).
An
ticipated
com
pletio
n is 1
20 d
ays.
Tran
spo
rtation
Div
ision
Facility
Staff an
d A
rchitects
are in th
e final d
eign p
hase o
f the co
nstru
ction
do
cum
ents fo
r this facility.
Rail Q
uiet Z
on
e –M
cKin
ney
to P
rairieStaff is cu
rrently w
ork
ing w
ith U
PR
R,D
CT
A an
d N
CT
CO
G o
n a larger p
roject in
this co
rrido
r that w
ill
inclu
de Q
Zs/
oth
er transp
ortatio
n system
imp
rovem
ents.
Staff is aw
aiting
info
rmatio
n fro
m U
PR
R to
determ
ine feasib
ility of a jo
int p
roject. S
ho
uld
this n
ot o
ccur b
y end o
f 1stQ
uarter C
Y 2
017, staff w
ill
recom
men
d ad
vancin
g the Q
Z p
roject in
dep
enden
t of p
artnersh
ips w
ith o
ther ag
encies.
Bo
nn
ie Brae S
econ
dary
Arterial
Co
nsu
ltant co
ntract ap
pro
ved b
y City C
oun
cil Jan. 7
, 2017. R
OW
Agen
t con
tract targeted fo
r Co
un
cil app
roval
March
21, 2
017. P
relimin
ary design
un
derw
ay, adju
sting R
OW
exh
ibits fo
r use in
exten
din
g offers.
Misc. S
idew
alks
Sid
ewalk
pro
jectsset u
p an
d m
ovin
g forw
ard:
1.
Bell A
ve. Sid
ewalk
(McK
inn
ey to M
ingo
) $120,0
00 –
Co
nstru
ction
to start F
ebru
ary 2017.
2.
McK
inn
ey Sid
ewalk
$25,0
00 –
Un
der d
esign, co
ord
inatio
n w
ith D
CT
A fo
r shelter lo
cation
.
3.
Win
dso
r Sid
ewalk
$100,0
00 –
Cro
ssing in
stalled at N
orth
Lak
es, sidew
alk u
nder d
esign.
4.
Lo
ndo
nderry S
idew
alk $5
5,0
00 –
Pro
ject survey b
eing co
nducted
. Prelim
inary layo
ut in
design
.
5.
Oak
land S
t. Sid
ewalk
$45,0
00 –
Pro
ject survey b
eing co
mp
leted. P
relimin
ary layout in
design
.
6.
Hick
ory S
t. Sid
ewalk
at Exp
ositio
n $3
5,0
00 –
Design
com
plete. A
nticip
ate con
structio
n in
March
2017.
7.
Lo
op
288 S
idew
alk at D
ento
n C
rossin
g $25,0
00 –
Pro
ject survey b
eing co
nducted
. Prelim
inary layo
ut in
design
.
8.
Po
ckru
sP
age S
idew
alk $1
10,0
00 -
Pro
ject survey b
eing co
nducted
. Prelim
inary layo
ut in
design
.
9.
Paisley S
t. Sid
ewalk
$20,0
00 -
Pro
ject survey b
eing co
nducted
. Prelim
inary layo
ut in
design
.
10.
Mack
Drive S
idew
alk $1
5,0
00 -
Pro
ject survey b
eing co
nducted
. Prelim
inary layo
ut in
design
.
11.
East S
ide S
tuart R
oad
Sid
ewalk
$245,0
00 –
Pen
din
g survey.
12.
East S
ide L
oo
p 2
88 S
idew
alk $8
5,0
00 -
Pro
ject survey b
eing co
nducted
. Prelim
inary layo
ut in
design
.
Pro
po
sition
1 –S
treet Im
pro
vem
en
ts
2014 G
O B
ON
D P
RO
GR
AM
UP
DA
TE
Pro
gra
m
Desc
riptio
nS
taff
Co
mm
en
ts
Hick
ory
Creek
Ro
ad –
FM
2181 to
Riverp
assSo
liciting co
nsu
ltant p
rop
osals fo
r design
and co
nstru
ction
. Staff an
alyzing
existin
g plan
s for o
ptio
ns to
up
date.
Mo
rseStreet E
xp
ansio
nW
ork
ing w
ith co
nsu
ltant o
n p
rop
osal fo
r design
. Still an
ticipate in
clusio
n o
f con
structio
n in
Mayh
ill Ro
ad
pro
ject.
Ruddell
Exten
sion
Co
nsu
ltant d
esign at 6
0%
com
plete. W
ork
ing th
rough
drain
age issu
es and U
PR
R co
ord
inatio
n.
Misc. R
oad
ways
Hick
ory
Creek
Ro
ad b
etween
FM
2181 an
d F
M 2
499 $6
00,0
00 (th
is fun
din
g is the su
m to
tal of all b
on
ds so
ld
for th
is item to
date p
lus th
e reimb
ursem
ent o
rdin
ance am
oun
t) –L
ocal m
atch fo
r RT
R p
roject. F
ully execu
ted
agreem
ent fo
r pro
ject received fro
m T
XD
OT
. Design
exp
ected to
begin
Jun
e 2017.
Pro
po
sition
1 –S
treet Im
pro
vem
en
ts
2014 G
O B
ON
D P
RO
GR
AM
UP
DA
TE
Pro
gra
m
Desc
riptio
n
To
tal
Pro
ject C
ost
Bo
nd
s
Issued
Sp
en
t/E
ncu
mb
ere
d
Ava
ilab
le
as o
f 12/
31/
16
Fire S
tation
#4 R
emo
del/
Reb
uild
–Sh
erman
Drive
$5,0
20,0
00
$6,1
20,0
00
$1,2
19,4
09
$4,9
00,5
91
Fire S
tation
#3 R
emo
del/
Reb
uild
–M
cCo
rmick
$8,6
20,0
00
$2,1
05,0
00
$1,8
36,9
73
$268,0
27
Po
lice Lo
bby R
eno
vation
$115,0
00
$115,0
00
$115,0
00
$0
Relo
cation
of C
om
mun
ication
s Cen
ter & C
rimin
al
Investig
ation
sB
ureau
$2,0
00,0
00
$205,0
00
$0$2
05,0
00
Po
lice Firin
g Ran
ge Im
pro
vemen
ts with
Ten
Fo
ot B
erm
Additio
n
$485,0
00
$485,0
00
$31,7
50
$453,2
50
Pub
lic Art fo
r Pub
lic Safety
$325,0
00
$325,0
00
$0$3
25,0
00
Pro
po
sition
2 –
Pu
blic
Safe
ty$16
,565,0
00
$9,3
55,0
00
$3,2
03,13
2$6,15
1,868
2014 G
O B
ON
D P
RO
GR
AM
UP
DA
TE
Pro
gra
m
Desc
riptio
nS
taff
Co
mm
en
ts
Fire S
tation
#4 R
emo
del/
Reb
uild
–Sh
erman
Drive
Ratcliff C
on
structio
n, In
c. received C
ity Co
un
cil app
roval o
n D
ecemb
er 13, 2
016 fo
r a pub
lic wo
rks co
ntract to
con
struct fire statio
n 4
. Exp
ect con
structio
n to
com
men
ce Feb
ruary 2
017.
Fire S
tation
#3 R
emo
del/
Reb
uild
–M
cCo
rmick
Kirk
patrick
Arch
itect Stu
dio
has d
elivered d
esign p
rop
osal. D
esign co
ntract set fo
r March
City C
oun
cil agen
da.
Po
lice Lo
bby R
eno
vation
Th
e pro
ject sho
uld
be co
mp
letedin
two
week
s or less.
Relo
cation
of C
om
mun
ication
s Cen
ter & C
rimin
al
Investig
ation
sB
ureau
Th
e decisio
n h
as been
mad
e to im
pro
ve the co
mm
un
ication
s center in
it’s curren
t locatio
n rath
er than
relocate
to th
e crimin
al investig
ation
s area. Th
is pro
ject sho
uld
begin
soo
n. W
e are wo
rkin
g on
plan
s to re-d
esign th
e
curren
t crimin
al investig
ation
s area as well as th
e futu
re area origin
ally design
ated fo
r the m
ove o
f the crim
inal
investig
ation
s fun
ction
.
Po
lice Firin
g Ran
ge Im
pro
vemen
ts with
Ten
Fo
ot B
erm
Additio
n
Th
isp
roject co
ntin
ues to
move fo
rward
. Mo
re dirt w
ork
has b
een d
on
e as well as fen
cing o
n th
e East sid
e of
the p
rop
erty. Pro
gress h
as been
mad
e in th
e acquisitio
n o
f the p
rop
erty adjo
inin
g the E
ast side o
f the ran
ge.
Th
e actual b
uild
ing is o
n h
old
un
til the p
rop
erty acquisitio
n is fin
al.
Pub
lic Art fo
r Pub
lic Safety
Th
eF
irefighters M
emo
rial design
con
cept w
as app
roved
by C
oun
cil in 2
016. T
he co
nstru
ction
RF
P w
ill take
place in
Feb
ruary 2
017. T
he p
roject is p
rop
osed
to b
e com
pleted
by S
eptem
ber 2
017.
Pro
po
sition
2 –
Pu
blic
Safe
ty
2014 G
O B
ON
D P
RO
GR
AM
UP
DA
TE
Pro
gra
m
Desc
riptio
n
To
tal
Pro
ject C
ost
Bo
nd
s
Issued
Sp
en
t/E
ncu
mb
ere
d
Ava
ilab
le
as o
f 12/
31/
16
Eagle D
riveD
rainag
e Imp
rovem
ents P
hase 2
$2,0
98,0
00
$2,0
98,0
00
$195,8
01
$1,9
02,1
99
Hick
ory S
treet Drain
age &
Tru
nk L
ine S
ystem –
Dow
nto
wn
Imp
lemen
tation
Plan
$600,0
00
$600,0
00
$0$6
00,0
00
Magn
olia S
treet Drain
age
Ph
ase 2 (H
inkle P
roject)
$2,5
57,0
00
$2,5
57,0
00
$89,5
22
$2,4
67,4
78
Pro
po
sition
3 –
Dra
inag
e &
Flo
od
Co
ntro
l Imp
rove
men
ts$5,2
55,0
00
$5,2
55,0
00
$285,3
23
$4,9
69,6
77
2014 G
O B
ON
D P
RO
GR
AM
UP
DA
TE
Pro
gra
m
Desc
riptio
nS
taff
Co
mm
en
ts
Eagle D
riveD
rainag
e Imp
rovem
ents P
hase 2
Plan
up
dates co
mp
leted.R
OW
/easem
ents fu
lly acquired
. Utility relo
cation
s associated
with
drain
age p
roject to
be co
ord
inated
with
TxD
OT
. TxD
OT
MO
U exp
ected F
ebru
ary 2017.
Hick
ory S
treet Drain
age &
Tru
nk L
ine S
ystem –
Dow
nto
wn
Imp
lemen
tation
Plan
Pro
po
sal received fro
m co
nsu
ltant. A
nticip
ate Co
un
cil app
roval M
arch 7
, 2017. C
oo
rdin
ating w
ith d
ow
nto
wn
develo
pm
ent.
Magn
olia S
treet Drain
age
Ph
ase 2 (H
inkle P
roject)
Design
app
roxim
ately 40%
com
plete. C
on
sultan
t pro
po
sal received –
anticip
ate Co
un
cil app
roval o
n M
arch 2
1,
2017.
Pro
po
sition
3 –
Dra
inag
e&
Flo
od
Co
ntro
lIm
pro
vem
en
ts
2014 G
O B
ON
D P
RO
GR
AM
UP
DA
TE
Pro
gra
m
Desc
riptio
n
To
tal
Pro
ject C
ost
Bo
nd
s
Issued
Sp
en
t/E
ncu
mb
ere
d
Ava
ilable
as o
f 12/
31/
16
Playg
roun
d R
eplacem
ents
$890,0
00
$150,0
00
$39,5
17
$110,4
83
Park
Imp
rovem
ents (S
outh
Lak
es, Lak
e Fo
rest)$3
55,0
00
$55,0
00
$0$5
5,0
00
Sp
raygro
un
d$2
00,0
00
$200,0
00
$4,4
00
$195,6
00
Water W
ork
sP
ark A
dditio
ns –
Wave P
oo
l/C
on
cession
Stan
d$2
,442,0
00
$2,4
42,0
00
$2,4
38,7
23
$3,2
77
Vela S
occer C
om
plex
Ph
ase II Co
nstru
ction
$1,3
33,0
00
$1,3
33,0
00
$0$1
,333,0
00
Pub
lic Art fo
r Park
s$1
80,0
00
$100,0
00
$67,3
60
$32,6
40
Pro
po
sition
4 –
Park
Syste
m Im
pro
vem
en
ts$5,4
00,0
00
$4,2
80,0
00
$2,5
50,0
00
$1,7
30,0
00
2014 G
O B
ON
D P
RO
GR
AM
UP
DA
TE
Pro
gra
m
Desc
riptio
nS
taff
Co
mm
en
ts
Playg
roun
d R
eplacem
ents
Evers P
ark p
laygro
un
d co
mp
lete.C
arl Yo
un
g Sr. p
laygro
un
d sch
eduled
for rep
lacemen
t in co
nju
nctio
n w
ith
spray g
roun
d in
Sp
ring 2
017.
Park
Imp
rovem
ents (S
outh
Lak
es, Lak
e Fo
rest)T
he sh
elter and b
asketb
all court co
nstru
ction
at Lak
e Fo
rest & M
ilam P
arks w
ere com
pleted
via an
end
ow
men
t
from
a private
foun
datio
n alo
ng w
ith m
atchin
g fun
ds.
Sp
raygro
un
dD
esign co
ncep
ts are bein
g prep
ared fo
r the sp
ray gro
un
d an
d th
erestro
om
s. Survey fo
r plattin
g com
pleted
and
forw
arded
to A
rchitect. C
on
ceptu
al design
s have b
een sh
ared w
ith m
emb
ers of S
ED
NA
via 4
pub
lic meetin
gs.
An
ticipated
com
pletio
n S
prin
g 2017.
Water W
ork
sP
ark A
dditio
ns –
Wave P
oo
l/C
on
cession
Stan
dT
he
Wave P
oo
l con
tractw
as app
roved
by C
ity Co
un
cil in N
ovem
ber 8
, 2016. C
on
structio
n b
egins Jan
uary 2
017,
po
ol an
d co
ncessio
n o
pen
Sp
ring 2
017.
Vela S
occer C
om
plex
Ph
ase II Co
nstru
ction
100%
plan
s have b
een su
bm
itted fro
m D
un
away. S
taff is com
pletin
g the D
RC
pro
cess. An
ticipated
com
pletio
n
Sum
mer 2
018.
Pub
lic Art fo
r Park
sT
he M
oro
lesscu
lptu
rew
as installed
in th
e City H
all Co
urtyard
Sep
temb
er 2016.T
he P
ub
lic Art C
om
mittee is
ob
tainin
g an art ap
praisal fo
r a James S
urls
sculp
ture.
Pro
po
sition
4 –
Park
Syste
m Im
pro
vem
en
ts
THIS PAGE INTENTIONALLY LEFT BLANK
AGENDA INFORMATION SHEET
AGENDA DATE: February 23, 2017
DEPARTMENT: Finance
ACM: Bryan Langley
SUBJECT
Receive a report, hold a discussion, and give staff direction regarding the issuance timeline for
General Obligation Bonds for the 2012 and 2014 bond election projects.
BACKGROUND
The purpose of this item is to discuss the planned FY 2016-17 General Obligation (GO) bond
issuance for projects approved in the 2012 and 2014 bond election plus the timeline for the next
three years (Exhibit 1).
EXHIBITS
1. Issuance Timeline for General Obligation Bonds
Respectfully submitted:
Chuck Springer
Director of Finance
Prepared by:
Antonio Puente, Jr.
Assistant Director of Finance
2012 & 2014 JOINT BOND OVERSIGHT COMMITTEE AGENDA: Item #6
PR
OG
RA
M D
ESCR
IPTIO
N
PR
OJEC
T
CO
STFY
2014-15FY
2015-16FY
20
16
-17
FY 2
01
7-1
8FY
20
18
-19
FY 2
01
9-2
0
1R
econ
structio
n o
f Resid
ential, C
ollecto
r, & A
rterial Streets
24,000,000$
2,000,000
2,000,000
7,000,000
7,000,000
6,000,000
2M
isc Traffic Signals
3,000,000$
500,000
500,000
500,000
500,000
500,000
500,000
3N
ew Tran
spo
rtation
Divisio
n Facility
1,500,000$
1,500,000
4R
ail Qu
iet Zon
e - McK
inn
ey Street to
Prairie Stree
t350,000
$ 350,000
5R
ail Qu
iet Zon
e - Un
ion
Pacific R
ailroad
No
rth930,000
$ 930,000
6B
on
nie B
rae Secon
dary A
rterial from
IH35E to
No
rth o
f Scriptu
re9,500,000
$ 2,000,000
7,500,000
7M
iscellaneo
us Sid
ewalks
2,000,000$
250,000
700,000
700,000
350,000
8H
ickory C
reek R
oad
- FM 218
1 to
Riverp
ass3,000,000
$ 3,000,000
9B
on
nie B
rae Secon
dary A
rterial from
Un
iversity to W
ind
sor
6,100,000$
600,000
1,000,000
4,500,000
10
Mo
rse Street Exp
ansio
n to
Full C
ollecto
r Cap
acity - Loo
p 28
8 to
Mayh
ill2,900,000
$ 1,250,000
1,650,000
11
Ru
dd
ell Extensio
n at M
ingo
Ro
ad5,780,000
$ 790,000
4,990,000
12
Wh
eeler R
idge C
on
nectio
n to
FM 2
181 at Jo
rdan
Lane
620,000$
210,000
410,000
13
Miscellan
eou
s Ro
adw
ays2,000,000
$ 500,000
100,000
400,000
500,000
500,000
14
Pu
blic A
rt for Stree
t Imp
rovem
ents
30,000$
30,000
15
PR
OP
OSITIO
N 1
61,710,000$
9,140,000$
4,200,000$
4,9
50
,00
0$
2
1,3
40
,00
0$
1
0,1
40
,00
0$
1
1,9
40
,00
0$
16
17
Fire Station
#4 R
emo
del/R
ebu
ild - Sh
erman
Drive
5,020,000$
1,120,000
3,900,000
18
Fire Station
#3 R
emo
del/R
ebu
ild - M
cCo
rmick
8,620,000$
955,000
1,250,000
6,415,000
19
Po
lice Lob
by R
eno
vation
115,000$
115,000
20
Relo
cation
of C
om
mu
nicatio
ns C
enter &
Crim
inal In
vestigation
s Bu
reau2,000,000
$ 205,000
1,795,000
21
Po
lice Firing R
ange Im
pro
vemen
ts w/ Ten
Foo
t Berm
Ad
ditio
n485,000
$ 485,000
22
Pu
blic A
rt for P
ub
lic Safety325,000
$ 325,000
23
PR
OP
OSITIO
N 2
16,565,000$
2,880,000$
5,475,000$
8,2
10
,00
0$
-
$
-$
-
$
24
25
Eagle Drive D
rainage Im
pro
vemen
ts Ph
ase 22,097,000
$ 2,098,000
26
PEC
-4 Drain
age Imp
rovem
ents P
hase 2
- West o
f Locu
st to P
rairie2,485,000
$ 2,485,000
27
Hicko
ry Street D
rainage &
Trun
k Line System
- Do
wn
tow
n Im
plem
entatio
n P
lan600,000
$ 600,000
28
Sou
th B
ell Drain
age System - D
ow
nto
wn
Imp
lemen
tation
Plan
806,000$
100,000
705,000
29
Magn
olia Stree
t Drain
age Ph
ase 2 (H
inkle P
roje
ct)2,557,000
$ 2,557,000
30
PR
OP
OSITIO
N 3
8,545,000$
4,655,000$
600,000$
-$
2
,58
5,0
00
$
70
5,0
00
$
-$
31
32
Playgro
un
d R
eplacem
ents
890,000$
150,000
450,000
150,000
140,000
33
Park Im
pro
vemen
ts (Sou
th Lakes, Lake Fo
rest)355,000
$ 55,000
300,000
34
Pro
perty A
cqu
isition
(for P
arks & Lib
raries)1,005,000
$ 1,005,000
35
Sou
thw
est Park M
aster Plan
& D
esign (fo
r entire site, in
clud
ing Lib
rary)1,255,000
$ 1,255,000
36
Spraygro
un
d (p
ossib
le $1
00k fu
nd
ing m
atch)
200,000$
200,000
37
Trail System Exp
ansio
n &
Ad
ditio
n250,000
$ 250,000
38
Tenn
is Cen
ter Rem
od
el & Exp
ansio
n3,444,000
$ 515,000
2,930,000
39
Water W
orks P
ark Ad
ditio
ns - W
ave P
oo
l/Co
ncessio
n Stan
d2,443,000
$ 437,000
2,005,000
40
Vela So
ccer Co
mp
lex Ph
ase II Co
nstru
ction
1,333,000$
1,333,000
41
Pu
blic A
rt for P
arks180,000
$ 100,000
80,000
42
PR
OP
OSITIO
N 4
11,355,000$
2,175,000$
2,105,000$
-$
1
,26
5,0
00
$
4,0
85
,00
0$
1
,72
5,0
00
$
43
44
TOT
ALS
98,175,000$
18,850,000$
12,380,000$
13
,16
0,0
00
$
25
,19
0,0
00
$
14
,93
0,0
00
$
13
,66
5,0
00
$