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HomeMy WebLinkAbout05-1983 STATE OF TEXAS X COUNTY OF DENTON X CONTRACT Pursuant to the provisions of the interlocal Cooperation Act, codified as Article 4413(32c), V.T.C.S., the TDMHMR (h?reinafter called Department), the Denton State School (hereina.tter called School) and the City of Denton, Texas (hereinafter called City) agree to cooperate in providing for tho operation of a public park by the City of Denton and, in furtherance of that general agreement, hereby agree to the following specific provisions: I. Department will permit city to d--velop and maintain a Public City Park oa their property located in the City of Denton, Denton Texas, on land controlled by'School, a facili'- operated 1andar the jurisdiction of Department. Said property is located in the Cicy of Denton and mor% particularly described in the attached Field Notes on Exhibit A attached hereto for further description. zz. City will: A. Operate said Public Park in accordance with Municipal regu- lations and the terms of this contract. B. Maintain the appearance of the Public Park and surrounding area and its access roads by clearing all trash on at least s wsekly basis; C. Prohibit the possession or consumption of alcoholic beverages within the Public Park area. , 2. D. Construct a fence around the P:lblic Park similiar to the existing fence around the property with a gate to allow access from Denton State School. E. Permit Denton State School to use the Park facilities at all reasonable hours when the Park is open to the public. F. fold Department, the School, the State of Texas and any of their employees and agents harmless for any damage or injury which may occur as a result of City's operation of said Public Park on Denton State School property; G. Remove all Park equipment from the premise upon the termi- nation of their agreement for any reason. III. Department, School. and City mutually agree that: A. The contract period will begin on May 1, 1983, and termi- nate on April 31, 1993, unle:;s said contract period is extended through a new or renegotiated agreement made amongst the parties involved. 9. In recognition of the considerable investment required on the part of the citizenE of the City of Denton, in both time and public funds, in the acquis;.tion of a suitable location and the development of a Public Park fac:.'...i,t •r, this contract may only be terminated for one, or more, of the fo.loi,tnLr causes: 1. Should t; C.!wy fail to comply with the provisions of this coi.tract; 2. Should the need for the sz.id facility cease; or 3. Should the Texas Legislat+are require the use of such property for state purposes. 3. Any of the parties to this contract may terminate the contract, for one or more of the above causes designated as No. 1 through No. 2, by giving 30 days written notice of its intent to terminate to the other parties or for the above cause designated ar, No. 3, by giving 360 days written notice of its intent to terminate to the other parties. Executed as of the 1st of Ma_y 1983. TEXAS DEPARTMENT OF MENTAL HEALTH AND MENTAL RETARDATION CITY OF DENTON, TEXAS 9 0 S910neY FOR AND BY AUTHORITY Of Ma or GARY E. MILLER, M.D. COMMISSIONER DENTON STATE SCHOOL AT"Pf7ST Superintendent - Caty Secretary Approved as to form: % C Cit At o. y EXHIBIT A DENTON STATE SCHOOL PARK All that certain lot, tract or Farcel of land lying and being situated in the City and County of Denton, State of Texas, and being part of the M.E.P. & P.R.R. Co. survey, Abst. No. 950 and also being part of a tract of land as conveyed from G.A. Godfrey, et al to The State of Texas by deed recorded in Volume 435, Page 12 of the Deed Records of Denton County, Texas, and more particularly described as follows: Beginning at a point in the north boundary line of said State tract, said point also being the southwest corner of lot 6 and the southeast corner of lot 7, Block 4, Briercliff Estates; Thence east, along the north boundary line of said State tract, same being the south boundary line of block 4, Briercliff Estates, a distance of 785.16 feet to a point for a corner, said point being the intersection of west right-of-way line of State School Road with the south right-of-way line of Brighton Drive; Thence south 10 54' west, a distance of 1022.30 feet to a point for a corner; Thence north 88° 06' west a dis~ance of 47.0 feet to a point for a corner; Thence north 35° 24' 30" west a distance of 654 feet to a point for a corner; Thence north 740 53' 30" west, distance of 279.58 feet to a point for a corner; Thence north 70 37' 24" west, a distance of 417.96 feet to the place of beginning and containing 11.11 acres of land more or less. t i >1'•, y~i„ '„i 1z t „i, rFxs e. 1t`t} {r t)~ r~*' r ~ . 1€&,~~ t ~~X'~,~. ,9 -v a. trr'i. ~ 4r r~ , ~ e~'"rti '~!4 r ~ t; Apr s r ~ jl., G~ ~1 ~r~1 y~~'^, A„ Y. THE STATE OF TEXAS S COUNTY OF DENTON S COMRACT OF SALE WHEREAS, Bob E. Tripp and David E. Tripp, Trustees for the Bob E. Tripp Trust No. 2, hereinafter called Seller, and the City of Denton, Texas, a municipal cor?oration, hereinafter called Purchaser, for the mutual benefit of and consideration of the parties hereto, wish to enter into this Agreement and hereby acknowledge and agree as follows: That there is an existing street easement along the north +I i boundary line of Evers Park located en Seller's property, as shown on the attached Exhibit and labeled "A" and "B" therein, said exhibit being incorporated herein for all purposes; That the Purchaser has and maintains a parking lot to serve said pa -k in that part of the existing street easement labeltd "A" on the attar cd exhibit; and That it is contemplated that a public street will need to be built arid extended along the north property line of Evers Park to the west to connect with another street to be installea in the future; and That to avoid interference with the existing parking lot, and to provide for the planned public street, this agreement is made and entered into wherein the purchaser herein agrees to purchase the property labeled as "A" on the attached exhibit and Seller agrees to dedicate a new street easement, labeled as "C" on the at-.ached exhibit; as more specifically set. forth herein as follows: WITNESSETH, that the Seller agrees to sell and convey, and the purchaser agrees to purchase upon the terms art( conditions hereinafte.• set forth, the following described real property: All that cr:rtain lot, tract or parcel of land lying and being situated in the City and County of Denton, 'itnte ut' Texas, and being part of the B.B.B. & C.R.R. Co. Survey, Abstrac No. 186, and also being part of a tract of land as conveyed to Bob E. Tripp and David E, Tripp, Trustees h; deed dated December 29, 1979 and recorded in Volume 996, Page 376 of the Deed Records of Denton County, Texas, and more particularly described as follows: CONTRACT OF SALE.-PAGE ONE ~0 ~11R+A4T.~I4~dml~Rf[a!.e~sa~eQa~tss~~~._ ME BEGINNING at the most nortierly southeast corner of said Tripp tract, sane being the northeast corner of :avers Park, said point also lying in the west right•cf-way line of F.M. 2164; THENCE north 87037' west along the northerly suoth boundary line of said Tripp tract and the north boundary line of Evers Park a distance of 600.1 feet to a point for a corner, same being the northwest corner of Evers Park; THENCE north 80057130" east a distance of 304.6 feet to a point for a corner; THENCE south 87033' east a distance of 300.26 feet to a poini: for a corner in the east boundary line of said Tripp tract and the west right of way line of F.M. 2164; THENCE south 01009132" west along the east boundary line of saia Tripp tract and the west right-of-way line of F.M. 2164 a distance of 60.0 feet to the place of beginning and containing 0.622 acres of lsnd, more or less; said described property labeled as Exhibit "A" in the exhibit attached here'-o. 1. In consideration of the performance of Seller as specifies herein, Purchaser agrees as follows: (a) To improve the existing drainage system north of Evers Park, from the west boundary line of the Seller's tract east to a point approximately 600 feet west of the east boundary line of the Seller's tract by reshaping and excavating the existing drainage system to contain the 100 year flood as calculated by the City Engineer. (b) To move an existing water meter from its present location at the northwest corner of Evers Park to the north side of the new right -of -way to be dedicated by Sellers on the north boundary line of Evers Park at Purchaser's expense. (c) To relocate at Purchaser's expense the existing fence from it:; present location on the north side of the existing right-of.-bray to the north side of the new right-of-way to be dedicated by Seller. (d) To pay for all necessary and reasonable expenses to upcate surveys of property affected by this Agreement. (e) To pay all recording fees, forwarding fees, title searches, and the premium charged for any policy of title insurance arising out of thi.; transaction. (f) To install, pave and gutter at no expense to Seller, a new street within the existing and new street easement labeled as "B" and "C" in the attached Exhibit, prior to march 1986. 2. In consideration of the agreement of the Purchaser as herein stated the Seller agrees as follows: CONTRACT OF SALE-PAGE TWO (a) To convey to Purchaser marketable fee simple title to the above described property free and clear of all recorded and unrecorded lien3, encumbrances, assessments, easements, leases and taxes except public easements and rights- of-way of record. (b) To execute and deliver a grant deed, warranting title to the Purchaser of the above described property within ten (10) days of the authori- zation by resolution or ordinance and execution of this Contract of Sale by Purchaser. (e) Within ten (10) days of the authorization by Resolution and execution of this Contract by Purchaser. Seller shall by written instrument dedicate to Purchaser for street purposes the following described property: All that certain lot, tract or parcel of laid lying and being situated in the City and County of Denton, State of Texas, and being part of the B.B.B. $ C.R.R. Co. Survey, Abstract No. 186, and also being part of a tract of land as conveyed to Bob E. Tripp and David E. Tripp, Trustees by de:ri dated December 29, 1979 and recorded in Volume 996, Page 376 of the Peed Records of Denton County, Texas, and nore particularly described as follows: BEGINNING at a point in the east boundary line of said Tripp Tract, same being the west right-of-way line of F.M. 2164, said point lying north 1109132" east 60 feet frwn the most northerly southeast corner of said Tripp tract, same being the northeast corner of Evers Park; THENCE north 87133' west a distance o£ 300.26 feet to a point nor a corner; i'I.ENCE south $0057130" west a distance of 304.6 feet to a point .or a corner, said point being the northwest corner of Evers ;'ark and the northeast corner of a tract conveyed to the Denton Indcl^ndent School District; MENCE north 0°01130" west a distance of 60.7 feet to a point for a corner; THENCE north 80057130" east a distance of 301.29 feet to a point for a corner; THENCE south 87033' east a distance of 304.77 feet to a point for s corner in the east boundary line of said Tripp tract, came being the west right-of-way line of F.M. 2164; THENCE south 01°09132" west along the east boundary line of said Tripp tract, same being the west right-of-way line of F.M. 2164 a distance of 60 feet to the place of beginning and containing 0.8335 acres of land, more or less; said described property label.-d as "C" on the exhibit attached hereto. 3. Seller warrants that there are no oral or written leases on all or any portion of. the property. 4. This Agreement constitutes the entire Agreement between the pcrties and neither party relies upon any warrants or CONTRACT OF SALE-PAGU THREE ~fV !I1 representations not contained herein. In wit,iess whereof, the parties have executed this Agreement this Z day of I fly , 1983. y BOB TRi?P & DAVID E. TRIPP, TRUSTEES, SELLERS BOB T TRUSIErl U S I ~if~CFI1 --TRTF'g,--T'A~:"EE-'- BOB E. TRIPP TRUST NO. 2 BOB E. TRIPP TRUST NO. 2 CITY OF DENTON, TEXAS, PURCHASER BY: _ ..--lop. YTPDF EWAR1' MA R CDEN 'ON, TEN-Al; ATTEST J(091 ►.L 'N E ,~G3'Y ~~a T'ARY CITY OF DENTON, TEXAS APPROVED AS TJ LEGAL FORM: C. J. TAYLOR, JR., CITY ATTORNEY CITY OF DENTONO TEXAS BY: ~l fv CONTRACT OF SALE-PAGE FOUR ~ - ...:mss ..t.. -.o .•v y, r. a r.. - - ~ _ 1 ..r~a..l.-2~'~'~is .4S 7~.~YMp~~ -.w- ~i'~t~''~+•.I,,~~I+ya'pr~f'k..Y i ~ti.i j ?r`Z+c~t 1't'~. 2 .7.'r'>•..'i4 r 9 .ra•""'C G z--~rv fK~ µ I t°-i~1f~y .j.,G, 1J . YS! •~•-r 4 . 7 -r~"P ~..f .S ~r~ `•2 sR _ ~4j i 'si~•ia iii-" y~SY 1r:rf: L"' ~;4-'•1~.~.+ a"''f.>ti' ~J Y'••~S"ti i ~y T i1r.- rye 7 't• a { -.3' _ a, - Vi I i. i t t r. jn' i vim'. •'.fL~~~-~jy(Y~~'.~'s• -r s ~Ti„1~/~G~~ ~'f "r~j'"r~ ~PtsrsC A.rl ~+Tri.At Y~~~'a ~ f Pliv, a'nr 1~J~ ~ ..p ~,r~ :i .n1Gw .a 'r+.r•-S wsl r.~3 ~ r IRS y ..:r a,.x ti +.,a Kµ f"1y.+L 'L r ~ ~i I"' R,y r i T`.aw.yF~• ~ i ~ .+.w-l ~r f J v a jG ~~""`.a^ i'Rr ~~~.}2-4f+ y~r~r YT I~,a. S♦ ~ .E ..~~,L,~I F3^~- r RRp ,t~ pp y I j~ati b Y~1¢r ~.w i rl•r1~ S 5. ~ ~i' ~ .Y•~tti~i''1-)r}'~'JJ'~~~ - +~i-L.~.'ry~ nl=i c ..h`~~~ f. 1'r-~r1 Fa.• `f c _ s.,y x~ ~i..i~i .LfJY` + .~r.< •ea ~•r. ~r"<;. `t --.-~'"K. I. ~■:F.c•C`'i'13.-J S' J~~w~r~+•~r~. ~+.~ra 7 1 _._.4 ,.~S4s.. ,~....~.i~w~i!+ . "y4~ • t"`v 3 s - t r: ~~#iiK -~L ~ n ~.r w~}'4'y~ r„e'~: ~■s~it.~.J-,._r~~~~Z C~6~~ Tt ~~D~~~~L~it' ~'c~l . . r+L~i+a.Y,6~--c 1.'~1•t.r~r~ r f .ri'rt;l~a'..yr+,•,'trr~+?t r .c c:.+ ~~c~~~c~~( Y 'e 7i .tr-t' 'sue f` a. ...r -d+~a. .t. ~~:~_,'rf~- '~~isTrc!!~' '2 r3S'aiti .'1 i r i+ t o V . : X9/2 Gr/.~+ o a -0-9 M., ze, ao, /.c v ' W Q ~ o o V RI O m OC) i 0 n o 1 r L •o•t 4 M io ' .S v~. r 7th"_ :'<Y. : ~ r..-. - ,y _ _.}'rf,\.{.~ _~rw /JC 7V MAINTENANCE BOND L STATE OF TEXAS COUNTY OF HARRIS KNOW ALL MEN BY THESE PRESENTS: R That We,_ Dickerson Construction Co., Inc. and Lewis D. Dickerson, - - Individually as Principal and the Fidelity and Deposit Company of Maryland as Surety, do acknowledge ourselves firmly bound, jointly and severally, to pay unto-__ City of Denton, Texas -~_r-- the sum cf. Six Thousand Ninety-Six and No/100 6,096.00 for the payment of which sun we ,bind ourselves, our heirs, executors, assigns and successors firmly by these presents: THE CONDITIONS OF THIS OBLIGATION ARE SUCH THAT: WHEREAS _Dickerson Construction Co., Inc. and Lewis D. Dickerson, Individuate T--_ on the _22nd _,day of February 14 83 entered into a contract with Imperial Development, Inc. wherein and whereby the said Dickerson Construction Co.' lnc. and Lewis D. Dickerson, Individually -,Contractor, agreed and obligated itself to perform all work and furnish all materials and labor for construction of improvements tc serve Phase II North Lake Park Aduition, - - - - - - at a contract price of _ Fifty-Four Thousand Six Hundred Thirty-One and 50/100 54,631.50 ) . WHEREAS, said ___City of Denton, Texas - desires that Dickerson COILStruction Co•, Inc. and Lewis D. Dickerson, Individually furnish a Maintenance Bond in the sum of Six Thousand Ninety-Six and No/100 6,C96.00 __--}conditioned to repair at its own expense, to the satisfaction of the owner, City of Denton, Texas any defects caused by the use of imperfect materials or workmanship that may appear in one year from date of acceptance of the work. NOW, therefore, if the said Dickerson Construction Co., Inc. and Lewis D. - _ Dickerson, Individuallyshall well and truly make all the needed repairs on the line of work as in said contract stipulated for the period of one year from acceptance, then this obligation shall be null and void; otherwise to remain in full force and effect. WITNESS OUR HANDS TH,',S 3rd day of May , 1983 DICKERSON CONSTRUCTION CO., INC. Principal BY' s D 1 erson, Pres"i3en[ b is ickerson, n-3ivi u3-aTly FIDELITY AND ')EPOSIT COMPANY OF MARYLAND Surety Ed and L. Moore, Jr. At orney-in-Fact FIDELITY AND DEPOSIT COMPANY OF MARYLAND FIDELITY AND DEPOSIT COMPANY Homrs OFFICES: BALTIMORE, MD. 21203 POWER OF ATTOWNEY KNOW ALL MEN BY THESE. PRESENTS: That the FIDELITY AND DEPO`;IT COMPANY OF NIARYC.AND, alld Idle FIDELITY AND DEPOSIT COMPANY, corporatinns A the State c-r "Ial-l-land, by C. M. PWOT, JR. , Vice-President, and C. W. ROBBINS , Assistant Secretary, in pursuance of authority granted by Article VI, Section 2 of the respective By-Laws t:d said Companies, which are set forth on the reverse side hereof and are hereby certified to be in full for(. and effect on the date hereof, do hereby nominate consti- tute and appoint William S. Price, Erlw~, ^d L. Moore, Jr., Lead E. Pittza:a,all of SxLStcn, :exas, EACH,a.......*so.a.a.aa..-,.. a....oa.aaaa0.a....ao .o.ofsoa...a.aease. -'the ter a and lawful agent and Attorney-in-Fact of each, to make, execute, sea] and deliver, for, and on its behalf as surety, and as its :act and deed: any and all bends and urdettakirrt:...EXCEPT bends on behalf of Independent Execnto-a, Comm,jznity Sj.rvr vors and C LlT. rLity u.asiian.a,t~. r nd the execution of such bonds or undertakings in pursuance of these presents, shall be as binding upon said Companies, as fully and amply, to all intents and purncrses, as if they had been duly executed aid acknowl- edged by the regularly elected officers of the respective Companies at their offices i.a Baltimore, Md., in their own proper persons. Tkaio power of attorney rerckes that iisued on IFhAii Will Jam S. Price, etal, by ti.e Fidelity and Deposi-u Company of Marylrrundr dated Mar:.h Lp 1981. IN WITNESS WIlLIZE07, the said Vice-Presidents and Assistant Secretaries have hereunto subscribed their names and affixed the Cui }orate Seals of the said FIDELITY AND DEPOSIT ComrANY of MARYLAND and the FIDELITY AND DFeosu CompANY this ..._.._..11th......._.......... day of _..............I1~OYEdZtex-........ A.D. 19..x1.... ATTEST: FIDELITY AND DEPOSIT CO\IPAN1 F DIA~RYLAND By r . AssklantSecretary V' e-Prerideat F1DELM ANJDESIT COMPANY SEAL ^ ' n S .4ssis'1int Secretary vire-President STATE OF d\dAR57.AVD ~ 55; CITY OF BALTIMORE On this 4th dij of November A.D. 1981 , before the subscriber, a Notary Public of the State of Maryland, in and for the City of Baltimore, duly commissioned and qualified, came the above-named Vice-Presidents and Assistant Secretaries of the FI DELITY AN D DEPOSIT COMPANY OF MARYLAN D and the FIDELITY AND DEPOSIT COMPANY, to me personally known to be the individuals and officers described herein and who executed the preceding instrument, and they each acknowledged the execution of the same, and being by me duly sworn, severally and each for himself deposah and saith, that they are the said officers of the Companies aforesaid, and that the seals affixed to the preceding instrument are the Corporate Seals of said Compani,+, and that ite said Corporate Sea's and their signatu,zs as such oR;cen were duly affixed and subscribed to the said mstrumen: by the authority and direction of the said Corporations. IN TESTIMONY WHi3REOF, ! have hereut.to set my hand and affixed my Official Seal at the City of B. timorethe day and year first above written, . 1. Notary Public ;70-a[y commission expires._J'g1y.13..19EZ.... CERTIFICATE I, the undersiggned Assistant Secretary of the FIDELITY AND DEPOSIT COMPANY OF MARYLAN D and the1' IDELITY AND DEPOSIT COIkIPANY do hereby certif r that the original Power of Attorney of which the foregoing is a full, tnla and correct copy, is in full force and effect on the date of tliie certificate; and I do further certify that the Vice-Presidents who exec eted the said Power of A•torney were Vice-Presidents speciAiy autbod:ed by the Boards of Directors to app ,nt anyy Attorney-in-Fact as pro- vided in Article % I Sectic n 2 of the respective By-Laws of the FIDELITY AND DEPOSIT CO.vIPAYY OF MARI LAND and the FIDELITY A&D DEPOSIT COMPANY. This certificate maybe signed by fcaimite under and by authority of resolutions of the Board of Directors of the FIDELITY AND DEPOSIT COMPANYOF MARYLAND at a meeting duly called and held on the 16th day of July, 1969 and of the Board of Directors of the FIDELITY AND DEPOSIT COMPANY at a meeting duly called and held on tl.e and day of Not em er, 1918, RESOLVED: "That the facsimile or mechan;Fally reproduced signature of any Assistant Sxretary of the Company, whether made heretofore or hereafter, whenever appearing upon a certified copy of any power of attorneeyy issued by the Company, shall It valid and binding upon the Company with the same force and effect as though manually affixed " IN TESTIMONY WHEREOF, I have hereunto subscribed my name and affixed the corporate seats of the said Companies, this.__ _.~3rd --day Of-.-..---. 19.83_. - - - _ A! of Surttary uuotTxf-ctf..,oo, a-et rtlcsa-870.0891 FOR 1'OUR PROTECTION LOOK FORT I II; 1`&D NVATEIRM RK EXTRACT FROM BY-LAWS OF FIDELITY AND DEPOSIT COMPANY OF MARYLAND "Article VI, Sectio)n 2. The President, or any Executive Vice-Presidents,or any of the Senior Yrce-Prc.:dents or Via-Presidents specially authorized so to do by the Board of Directors or by the Executive Committee, shall have power, by and with the concurr- ence of the Secretary or any one of Assistant Secretaries, to appoint Resident Vice-Presidents, Assistant Vice-Presidents, and At- tornies•rn-Fad as the business of the Company may require, or to authorize any person ,r persons to execute on behalf of the Company any bonds, undertakings, recognizances, stipulations, policies, contracts, agreements, deeds, and releases and assignments of judgments, derat; mortgages and instruments in the nature o~ mortgages, and alsoall other instruments and documents whfch the business of the Company mxy require, and to affix the seal of the Company thereto." EXTRACT FROM BY-LAWS OF FIDELITY AND DEPOSIT COMPANY "Article VI, Section 2. The President, or any one of the Executive Vice-Presidents, or any one of the additional Vice Presidents specially authorized so to do by the Board of Directors or by the Executive Committee, sball have power, bynndwith the con- currence of the Secretary or any cae of the Assistant Secretaries, to appoint Resident Vice-Presidents, Asyatant Vice-Presidents, Resident Assistant Secretaries and Attorneys-in-Fact as the business of the Company may require, or to authorize any person or per- sons to execute on behalf of the Company any bonds, undertakings, mvgnizances, stipulations, policies, contracts, agreements, deeds, and releases and assignments of judgments, decrees, mortgages and instruments in the nature of mortgages, and also all other in- strumcnts and documents which the business of the Company may require, and to affix the"of the Company thereto." i t MAY 2,; 1983 . VENION PIIBEHASEKG DEP?. STANDARD FORM OF AGREEMENT STATE OF TEXAS COUNTY OF Denton Ili IS ASE , , , made- a a and entered into this 9th day of A,D., 19 83 , by and between The City of .Mav Denton, exas of tFe County of Denton and the State o exas, acting through G. Chris Hartung, City Manager - thereunto ulyy autForize so to o, arty o -`LFe- first Part, herein after termed OWNER, andTri "J"-Construction, inc-.. P.O. Box 1138, Paris. Texas 75460 o the City of Paris OUnty 0 Lamar and State of Texas Party of the Second art, herein- after termed CONTRACTOR. VITNESSETH: That for and in consideration of the payments and agreements hereinafter mentioned, to be made and performed by the Party of the First Part (OWNER), and under the conditions expressed in bond bearing even date. herewith, the said Party of the Second Part (CONTRACTOR), hereby agrees with the said Party of the First Part (OWNER) to commence and complete the construction of the certain improvements described as follows: Bid #9050 Purchase order 455748, Water line projects on Myrtle, Normal, Bryan and Alice Streets. located in the City of Denton an all extra work in connection therewith, under the terms as stated in the General Conditions of the Agreement and at his (or ttreir) own proper cost and expense to furnish all the materials, supplies, machinery, equipment, tools, superintendence, labor, insurance and other accessories and services necessary to complete the said construction, in accordance with the conditions and prices stated in the Proposal attached hereto, and in accordance with the Notice to Contractors, General and Special Conditions of Agreement, Plans and other drawings and printed or written explanatory matter thereof, and the specifications and addenda therefore, as prepared by the Utility and Engineering Departments of the City of Denton, Texas herein entitled the ENGINEER, each of which has been identified by the CONTRACTOR and the ENGINEER, together with the CONTRACTOR'S written proposal, the General Conditions of the Agreement, and the Performance and Payment and Maintenance Bonds hereto attached; all of which are made a part hereof and collectively evidence and constitute the entire contract. 4 SF - 1 f I The CONTRACTOR hereby agrees to commence work within fifteen (15) days 'after the date written notice to do so shall have been given to him, and to substantially com?lete the same within one hundred and ten (110) working days after the date of the written notice to commence work, subject to such extensions of time as are provided by the General and Special Conditions. The OWNER agrees to pay the CONTRACTOR in current funds the price or prices shown in the proposal, which forms a part of this contract, such payments to be subject to the General and Special Conditions of the Contract. IN WITNESS WHEREOF, the parties to these presents have executed this Agreenent in the year and day first above written. G. Chris Hartung, City Manager Ed L. Jenkins Party of the first a t arty o the Second Part R) (CONTRACTOR) Tri "J" ion truction, Inc. B 7 / / , a-47, JA z 7 Attest: Attcsc. Charlotte Allen, City Secretary City of Denton, Texas APPROVED AS TO LEGAL FORK: C.J. Taylor, Jr., City Attorney City of Denton, Texas By: C SF - 2 PERFORMANCE BOND STATE OF TEXAS COUNTY OF Denton KNOW ALL MEN BY THESE PRESENTS: That Tri "J" Construction, Inc. of the City of Paris County of Lamar and State of _Texes as principal, and Allied Fid„]jfy i=ran omoanv authorized under the laws of the State of Texas to act as surety on bonds for principals, are held and firmly bound unto Pity of Qgnton in the penal sum of ONE HUNDRED NINE THOUSAND SIX HUNDRED TWENTY FOUR AND 30/100--------Dollar s 109,624.10 for the payment whereof, the said Principal and Surety bind themselves, and their heirs, administrators, executors, successors and assigns, jointly and severally, by these presents: WHEREAS, the Principal has entered into a certain written contract with the City of Denton, dated the 9th day of w May 19 83 To which contract is hereby referred to and made a part hereof as fully and to the same extent as if copied at length herein. PB - 1 NOW, THEREFORE, THE CONDITION OF THIS OBLIGATION IS SUCH, chat if the said Principal shall faithfully perform said Contract and shall in all respects duly and faithfully observe and perform all and singular the covenants, conditions and agreements in and by said contract agreed and covenanted by the Principal to be observed and performed, and according to the true intent and meaning of said Contract and the Plans and Specifications hereto annexed, then Lhis obligation shall be void; otherwise to remain in full force and effect; PROVIDED, HOUTEVER, that this bond is executed pursuant to the provisions of Article 5160 of the Revised Civil Statutes of Texas as amended by the acts of the 56th Legislature, Regulr-- Session, 1959, and all liabilities on this bond shall be determined in accordance with the provisions of said Article to the same extent as if it were copied at length herein. Surety, for value received, stipulates and agrees that no change, extension of time, altaration or addition to the terms of the contract, or to the work performed thereunder, or the plans, specifications, or drawings accompanying the same, shall in anywise affect its obligation on this bond, and it does hereby waive notice of any such --hange, extension of time, alteration or addition to the terms of the contract, or to the work to be performed thereunder. IN WITNESS WHEREOF, the said Principal and Surety have signed and sealed this instrument this 9th day of Mav 19 83 Tri "J" Construction, Inc. Allied Fidelity Insurance Company PRIFL`~I RET _ - ByL--~ - Bye ~s T t t Z e4~ _ Title Laura Espinoza Attorney-in-Fact Address:Za. 9eu 11.3 d' Address:-- P.O. Box 10 7- Go Wichita Falls, Tx. 76307 The name and address of the Resident Agent of Surety is: Boley-Featherston-Huffman & Deal Co. P.O. Box 10 Wichita Falls, Tx. 76307 T PB - 2 PAYMENT BOND STA'L'E OF TEXAS COUNTY OF Denton KNOW ALL MEN BY THESE PRESENTS: That Tri "J" Construction, Inc. _of the City of Paris County of Lamar and the State of Texas as Principal, and Allied Fidelity Insurance Company, authorized under the laws of the State of Texas to act as Surety on bonds for principals, are held and firmly bound unto the City of Denton, Texas, in the penal sum of ONE HUNDRED NINE THOUSAND AND 10/100 SIX HUNDRED TWENTY FOUR Dollars 109,624.10 ) for the payment whoreof, the said Principal and Surety bind themselves and their heirs, administrators, executors, successors and assigns, jointly and severally, by these presents: WHEREAS, the Principal has entered into a certain written contract with the City of Denton, dated the 9tfi day of May 1 g , 83 to which contract Is hereby referred to and made a part hereof as fully and to the same extent as if copied at length herein. NOW, THEREFORE, THE CONDITION OF THIS OBLIGATION IS SUCH, that if the said Principal shall pay all claimants supplying labor and material to him or a subcontractor in the prosecution of the work provided for in said contract, then this obligation shall be void, otherwise to remain in full force and effect; PB - 3 PROVIDED, HOWEVER, that this bond is executed pursuant to the provisions of Article 5160 of the Revised Civil Statutes of Texas as amended by the acts of the 56th Legislature, Regular Session, 1959, and all liabilities on this bond shall be determined in accordan~~e with th.- provisions of said Article to the same extent as if it were copied at length herein. Surety, for value received, stipulates and agrees that no change, extension of time, alteration or addition to the terms of the contract, or to the work performed thereunder, or the plans, specifications, or drawings accompanying the same, shall in anywise affect its obligation on this bond, and it does hereby waive notice of any such change, extension of time, alteration or addition to the terms of the contract, or to the work to be performed thereunder. IN WITNESS WHEREOF, the said Principal and Suret? have signed and sealed this instrument this 9th day of May lg 83 Tri "J" Construction, Inc. Allied Fidelity Insurance Company ?RINCIPAL SURE Title>/~, Title Laura Espinoza Attorney Addres~i:_40.,_ O,,.of H3j'' Address: P.O. Box 10 Wichita Falls, Tx. 76307 The name and address of the Resident Agent of Surety is: r3oley-Featherston-Huffman & Deal Co. P.O. Box 10 Wichita Falls, Tx. 76307 PB - 4 MAINTENANCE BOND THE STATE OF TEXAS COUNTY OF Denton s KNOW ALL MEN BY THESE PRESENTS: THAT Tri "J" Construction, Inc. as Pe incipal, and Al lied rf-"-' a Corporation authori~zed~ to o business in the State o exas- as surety, do hereby acknowledge themselves to be held and bound to pay unto the City of Denton, a municipal corporation of the State of Texas, its successors and assiggns at penn~~~o Denton County, 'Texas, the sum of lEN THOUSAND NINE HUNVED SIXTY TWO k 41/100 dollars 10,962.41 10% of the rota • amount o tile contract for the payment of which sum said principal and surety do hereby bind themselves, their successors and assigns, jointly and severally. This obligation is conditioned, however, that: WHEREAS, said Tri "J" Constructicn, Inc. has this day entered into a written contract with the said City of Denton to build and construct 'water lines oroJects on Myrtle, Norma , ryan an which contract and the plans and specifications therein mentioned, adopted by the City of Denton, are filed with the City Secretary- of said City and are hereby expressly incorporated herein by reference and made a part hereof as though the same were written and set out in full herein, and WHEREAS, under the said plans, specifications, and contract, it is provided that the Contractor will maintain and keep in good repair the work therein contracted to be done and performed for a period of one (1) year from the date of acceptance thereof and do all necessary hackfiiling that may become necessary in connecti,)n therewith and do all necessary work toward the repair of any effective condition growing out of or arising from the improper construction of the improvements contemplated by said Contractor on constructing the save or on account of improper excavation or backfilling, it being understood that the purpose of this section is to cover all defective conditions arising by l•ea.son of defective materials, work, or labor performed by said Contractor, and in case the said Contractor shall fail to repair, re:onstruct or maintain said improvements it is agreed that the "ity may do said work in accordance with said contract and supply such materials and charge the same against the said Contractor and its surety on this obligation, and said Contractor and surety shall be subject to the damages in said contract for each day's failure on the part of said Contractor to comply with the terms and provisions of said contract and this bond. ki B - 1 NOW, THEREFORE, if the said Contractor shall perform its agfeement to maintain said construction and keep same in repair Por the maintenance period of one (1) year, as herein and said contract provided, then these presents shall be null and void and have no further effect; otherwise, to remain in full force and effect. i It is further agreed that this obligation shall be continued one against the Principal and Surety and chat successive recoveries may be had hereon for successive breaches of the conditions herein provided until the full amount of this bond shall have been exhausted, and it is further understood that the obligation to maintain said 'work shall continue throughout said maintenance period, and the same shall not he changed, diminished, or in any manner affected from any cause' during said time. IN WITNESS WHEREOF the said Try "J" Construction, Inc. as Contractor an Pri ci ai as cause t ese presents to be executed by Allied Fidelity nsuranc6 ompany and the said Allied Fidelity Insurance Company as surety, has cause these presents to be execute y its Attorney- in- fact Laura Espinoza and the said Attorney- in- fact aF Hereunto set is an this--the 9th day o f May - 19 SURETY: PRINCIPi%L: Alli Fidelity Insurance Company Tri "J" Construction, Inc. BY: S1..,~..K Laura Espinoza MB - 2 f Allied o ,il Fidelity Insurance Co. 8945 North Meridian Street a Indianapolis, Indiana 46260 r 1 (500) 428-5730 AC N_ 019007 POWER OF ATTORNEY KNOW ALL MEN BY THESE PRRSENTS: That this Power-of-Attorney is not valid unless attached to the bot.d which it authorizes executed. It specifies the LIMIT OF THE AGENT'S AUTHORITY AND THE LIABILITY OF THE COMPANY, HEREIN. THE AUTHORITY OF THE ATTORNEY-IN-FACT and 9 HE LIABILITY OF THE COMPANY SHALL NOT EXCEED * * * FIVE HUNDRED HIMSANO DOLLAR3 * ,t USE OF MORE THAN ONE POWER VOIDS THE BOND ALLIED FIDELITY INSURANCE CO., an Indiana corporation, having its principal office in the City of Indianapolis, State of I Aiana, does hereby make, constitute and appoint:- Laura Espinoza in the City of Wichita Falls , County of Wichi to State of Texas , its true and Nwial attomey-in-fact, at Wichi to Fal is in the State of- Texas , to make, execute, seal and deliver for and on its behalf, and as its act and deed, bonds, and undertakings in behalf of court fiduciaries, who under the jurisdiction of a court, administer property held in trust; public official bonds; license and permit bonds; tax, lien, and miscellaneous bonds; required by Federal, State, County, Municipal Authority, or other obligees, provided that the liability of the company as surety on any executed under this authority shall not in any event exceed the sum shown abovo THIS POWER VOID IF ALTERED OR ERASED The acknowledgment and exccution of any such document by the said Attorney-In-Fact shall be as binding upon the Company as if such bond had been executed and acknowledged by the regularly elected officers of this Company. This Power of Attorney is granted and is signed and sealed by facsimile under and by the authority of the following By-Law adopted by the Board of Directors of Allied Fidelity Insurance Co. at a meeting duly called and held on the 2Jth day of April, 1982: "The President shall have power and authority to appoint Attorneys-in-Fact, and authorize them to execute, on behalf of the Company, bonds and undertakings, recognizances, contracts of indemnity and other surety and writings obligatory in the nature thereof; and he may at any time in his judgment remove any such appointees and revoke the authority given to them; and with respect to any Certified Copy of any Power of Attorney, the signatures of any issuing or attesting cdficer, and the seal of the Company, may be affixed to such Power of Attorney or to any c.-rtificate relating thereto, by facsimile; and such facsimile signatures and facsimile seals shall be valid and binding on the Cor pa. y, in the future, with respect to any bond, undertaking or instrument of suretyship, to which it is attached." IN WITNESS WHEREOF, Allied Fidelity Insurance Co. has caused its official seal to be hereunto affixed and these presents to be signed by its duly authorized officers this 6th day of July, 1982. •a r u:v • ALLIED FIDELITY INSURANCE CO. Lli1EIs s r+ BY `sy c't/~8~0~ 0 . (.s.Celrllf' Secretary President THIS POWER DOES NOT AUTHORIZE THE EXECUTION OF BONDS FOR LOAN GUARANTEES as its act and deed, bonds, and undertakings in behalf of court fiduciaries, who under the jurisdiction of a court, adininister property held in trust; public official bonds; license and permit bonds; tax, lien, and miscellaneous bonds; required by Federal, State, County, Municipal Authority,or otherobligees, provided that the liability of the company as surety on any such bond executed under this authority shall not in any event exceed the sum shown above. THIS POWER VOID IF AL'T'ERED OR ERASED The acknowledgment and execution of any such document by the said Attorney-In-Fact shall be as binding upon the Company as if such bond had been executed and acknowledged by the regularly elected officers of this Company. This Power of Attorney is granted and is signed and sealed by facsimile under and by the authority of the following By-Law adopted by the Board of Directors of All ed Fidelity Insurance Co. at a meeting duly called and held on Abe 29th day of April, 1982: "The President shall have power and authority to appoint Attorneys-in-Fact, and authorize them to execute, on behalf of the Company, bonds and undertakings, recognizances, contracts of indemnity and other surety and writings obligatory in the nature thereof; and he mayst any time in his judgment remove any such appointees and revoke the authority given to them; and with respect to any Certified Copy of any Power of Attorney, the signatures of any issuing or attesting officer, and the seal of the Company, may be affixed to such Power of Attorney or to any certificate relating thereto, by facsimile; and such facsimile signatures and facsimile seals shall be valid and binding on the Company, in the future, with respect to any bond, undert&king or instrument of suretyship, to which it is attached." IN WITNESS WHEREOF, Allied Fidelity Insurance Co. has caused its official seal to be hereunto affixed and these presents to be signed by its duly authorized officers this 6th day of July, 1982. ALLIED FIDELITY INSURANCE CO. o CSZ 1n4 0 . CJ.+ t «rl- - BY Secretary President THIS POWER DOES NOT AUTHORIZE THE EXECUTION OF BONDS FOR LOAN GUAR ,;S STATE OF INDIANA. COUNTY OF MARION On this 6th day of July, 1982, before me a Notary Public, personally appeared H. 0. CROQUART and T. L. EADS, who being by me duly sworn, acknowledged said instrument to be the voluntary act and deed of said Corporation. ,a Notary Public, Marion County, Indiana My Commission Expires: 10/2/84 Notary Public +i 1. ONLY ONE POWER OF ATTORNEY MAY BE ATTACHED TO A BOND. 2. POWER OF ATTORNEY MUST NOT BE RETURNED TO AT'T'ORNEY IN FACT, BUT SHOULD REMAIN A PERMANENT PART OF THE OBLIGEES RECORDS. 3. THIS POWER DOES NOT AUTHORIZE EXECUTION OF BONDS OF NE EXEAT OR ANY GUARANTEE FOR FAILURE TO PROVIDE PAYMENTS OF ALIMONY SUPPORT OR WAGE LAW CLAIMS, OR BONDS FOR CRIMINAL. APPEARANCE. STATE OF INDIANA SS: COUNTY OF MARION 1, Frances A. Wilkinson, the Assistant Secretary of Allied Fidelity Insurance Co., do hereby certify that the above and foregoing is a true and correct copy of a Power of Attorne;~, executed by said Allied Fidelity Insurance Co., which is still in full force and effect. This Cortifrcate may be signed and sealed by facsimile under and by the authority of the following resolution of the Board of Directors of Allied Fidelity Insurance Co. at a meeting duly called and held on the 29th day of April, 1982: "RESOLVED: That the use of a printed facsimile of the corporate seal of the company and of the bignature of an Assistant Secretary on any certification of the correctness of a copy of an instrument executed by the President pursuant to the By-Laws appointing and authorizing,, an Attorney-in-Fact to sign in the name and on behalf of the company surety bonds, underwritings, undertakings or other instruments described in said By-Laws, with like effect as if such seal and such signature had been manually affixed and made, hereby is authorized and approved." IN WITNESS WHEREOF, I have hereunto set my hand and affixed the seal of said corporation, this 4th day ofy , 19_.83... ~7trG.~as.. a Qrt,rA..~ Aeeietent 3ecretarr f AGREEMENT FOR PROFESSIONAL SERVICES FOR VIDEO SLIDE PROGRAM I n74' Contract made this i[G Day Aj,1983, by and between the City of Denton, Texas, a municipal corpo ation organized and existing under the Home Rule Amenament to tha Constitution of Texas, (hereinafter referred to as Denton) and Thomas Edwin Blaylock, (hereinafter called the Consultant) WI`1'NESSETH: WHEREAS, Denton wishes to employ Consultant for the purpose of producing a twenty (20) minute video slide program of the utility system. The viaeo slide program will consist of: 1. An introduction with a brief history of Denton's utility system; and, 2. A "Tour" of Denton's Water System from the Water Pumping Station at Lake Lewisville througn the treatment system to the distribution system to the home user and back through the wastewater Collection System, through the Wastewater Treatment Plant and back to Lake Lewisville; and, 3. A "Tour" of Denton's Electric System from Power Production through the transmission system to the substation system through the distribution system to the customer's home. NOW, THEREFORE, the parties hereto do hereby agree as follows: 1. Employment of the Consultant The City agrees to engage the Consultant and the Consultant hereby agrees to perform the following services: 2. Scope of Services The Consultant shall do, perform and carry ou'. in a good and professional manner the following services: a) Development of a twenty minute multi-projector, narrated, colored slide program explaining the functions of the City's utility system. The slide program will focus on facilities, equipment and on-the-job personnel describing how the City provides utility services to the customer. b) The Consultant shall take a number of black and white photos of the various utility facilities, etc., and develop a workbook presentation which the City will review. The Consultant snall review the entire draft of the program including video and narrative at each stage of the production of the slide program. 3. Time of Performance The services to be performed hereunder by the Consultant shall be undertaken and completed in such sequence as to assure the expeditious completion of the Scope of Services and the purposes of this Agreement. All services required hereunder shall be completed within two months from the date this contract is signed by bath parties. 4. Compensation The City agrees to pay the Consultant a sum not to exceed four thousand ($4,000.00) dollars for all services outlined herein, which shall include reimbursement for expenses incurred. Consultant agrees to complete the project and all services provided herein for said sum. 5. Method of Payment Invoices shall be rendered monthly for the preceding month's services performed. Such invoices shall be due and payable fifteen days after receipt of the invoice. 6. Termination of Agreement If, through any cause, the Consultant shall fail to fulfill in a timely and proper manner Consultant's obligations under this Agreement, the City shall thereupon have the right to terminate this agreement with cause, by giving written notice of such termination specifying the effective date thereof, at least fifteen days before the effective date of such termination. In the event of termination, the Consultant shall delivery to the City all work done to the date of termination and any work in progress for which the City has rendered payment. 7. City Not Obligated to Third Parties The City will not be obligated or liable hereunder to any party other than the Consultant. 8. Prior Agreements The provisions of this Contract constitute the entire agreement between the parties and superseae all prior communications, representations, and agreements, oral or written, between the parties hereto with respect to the subject of this Contract. IN WITNESS WHEREOF, the parties hereunto set their hands and seals the day and year first above written. THOMAS EDWIN BLAYLOCK j ATTEST: By BY Title Title ATTEST: CITY OF DENTON, TE S .411% J /17 By J ! 1 BY ' Title Title 1979U/B x u 4 5 4 a ,e i ~ 1 Y Y LL~ 1 ° i:, YI, f~n iY Y ~B^+• .i aY t 1117} I~ 11 i~ °7 P~i+ ~.r r . 'W i L~yt. 6 yR a ri ~f' ` i f ~S r~ ! i r . ~l r i',I~ ~r p y ~r s ( Dtir Y.-~ . ~ fib. ~ -:J ~ llflp51~,''~ ~t,t. r ♦ E f° ,w'1 7 4r i~ , e,~,~ It 333~~~' 4~ h1 Stt~dd da~1{ II}~f d t i ~.[~I'~ ~i'1 ita 'e~?LT i} JG T yy ° ,i f'i~ ) S SYh iA..r 3`1'J ~ I n j.J1ti .,J iI Y[7r}',? Y ~ r ~ .111 i1~'t~ ~ I t! 11 i.:; y ~'IY rri NO. AN ORDINANCE AMENDING THE ZONING MAP OF THE CITY O3 DENTON, TEXAS, AS SAME WAS ADOPTED AS AN APPENDIX TO THE CODE OF ORDINANCES OF THE CITY OF DENTON, TEXAS, BY ORDINANCE NO. 69-1, AND AS SAID MAP APPLIES TO LOT ONE, BONNIE BRAE ADDITION, DENTON COUNTY, TEXA.i; AND MORE PARTICULARLY DESCRIBED HEREIN; AND DECLARING AN EFFECTIVE DATE, THE COUNCIL OF THE CITY OF DENrON, TEXAS, HEREBY ORDAINS: SECTION I. The Zoning Classification and Use designation of the following described property, to-wit: All t:ijt certain lot, tract or parcel of land lyi7ig and being situated in Denton County, Texas, being Lot It Bonnie Brae Addition, located along the west side of Bonnie Brae Street beginning approximately 200 feet north of the intersection of Bonnie Brae and West Oak and known as 215 Bonnie Brae, Denton, Texas. is hereby changed from Multi-Family 'IMF-111 District Classifi- cation Use to Planned Development "PD" District Classification and Use under the Comprehensive Zoning Ordinance of the City of Denton, Texas with the following conditions and specifications: 1. The development shall conform to all applicable codes and standards prescribed in the City of Denton Zoning,, Ordinance, building codes, and subdivision regulations. 2. The use of the property shall be limited to one (1) medical office building that shall riot exceed two (2) stories ir height. 3. A detailed site development plan, architectural renderings and/or elevations and landscaping which conforms with the approved concept plan must be submitted and approved by the Planning and Zoning Commission and City Council before issuance of building permits. The Zoning Map of the City of Denton, Texas, adopted the 14th day of January, 1969, as an Appendix to the Code of Ordinances of the City of Denton, Texas, under Ordinance No. 69-1, be, and the same is hereby amended to show such change in District Classification and Use subject to the above conditions and specifications. SECTION II. That the City Council of the City of Denton, Texas, hereby finds that such change is in accordance with a comprehensive plan for the purpose of promoting the general welfare of the City of Denton, Texas, and with reasonable consideration, among other things for the character of the district and for its peculiar suitability or particular uses, and with a view to conserving the value of the buildings, protecting human lives, and encouraging the most appropriate uses of lane? for the maximum benefit to the City of Denton, Texas, and itt; citizens. SECTION III, That this ordinance shall be in full force and effect immediately after its passage and approval, the required public hearings having heretofore been held by the Planning and Zoning Commission and the City Council of the City of Denton, 'texas, after giving due notice thereof. PASSED AND APPROVED this the day of or , 1983. S E R , M CI Y OF ENTON, TEXAS ATTEST: CITT SECRETARY CITY OF DENTON, TEXAS APPROVED AS TO LEGAL FORM: C. J. TAYLOR, JR., CITY A'T'TORNEY CITY OF DENTON, TEXAS BY: . 2r~ 8~.~. nom. ~y.M •i K'~ nr~f~k r L..-J I 1 I~ I ~ 1 1 1 JI`~ I • ~ I i ` I lY " I ~ Q0600 Ri ~~i ~ I 1 i 1 .i I , X14 ^ n ~I r a I d i I I FZf salt - '7.8lZ=T 4r4 .~'6 ~r r I !i r ~ r .-rt Y e' ! is ~ r, i r s ~v 4 t o k f 2ta'~Jf ,;r4i A; 3i.+ ~t°' r fly, irk ~r ~r'^. t1 r ` lr~ 4 Lo$ ~jS ~~~l~yppy}t y{ N^, r L 3 b J ti! a~ J.~ n 1 ~ l~7r 7i b ,j w~w~w= f x: . . ~ r ~7r'y Xi R'. .:r NO. AN ORDINANCE AMENDING THE ZONING MAP OF THE CITY OF DENTON, TEXAS, AS SAME WAS ADOPTED AS AN APPENDIX TO THE CODE OF ORDINANCES OF THL" CITY OF DENTON, TEXAS, BY ORDINANCE NO. E9-10 AND AS SAID MAP APPLIES TO PROYE:TY LOCATED AT THE CORNER OF BOLIVAR AND CRESCENT STREETS, DENTON COUNTY, TEXAS; AND MORE PARTICULARLY DESCRIBED HEREIN; AND DECLARING AN EFFECTIVE DATE. THE COUNCIL OF THE CITY OF DENTON, TEXAS, HEREBY ORDAINS: SECTION 1. The Zoning Classification and Use designation of the following described property, to-wit: All that certain tract or parcel of land situated in the R. Beaumont Survey, Abstract No 31, Denton County, Texas; said tract being the tract shown by deed to Tom Jester, Trustee as recorded in Volume 747, Page 64 of the Deed Records of Denton County, Texas; said tract being further described herein by metes and bounds as follows: BEGINNING for the southeast corner of tre tract being described herein at an iron pin found at the intersection of the north boundory line of Crescent Street with the west boundary line of Bolivar Street at the southeast corner of said Jester tract; THENCE south 89057120" west 192.0 feet along the north boundary line of Crescent Street to an iron pin found at the southwest corner of said Jester tract; THENCE north 60.0 feet to a hackberry tree, the northwest corner of said Jester tract; THENCE north 89157120" east 192.0 feet to an iron pin found in the west boundary line of Bolivar Street; THENCE south 60.0 feet to the point of beginning. is hereby changed from Two-Family "24" District Classification Use to Planned Development "PD" District Classification and Use under the Comprehensive Zoning Ordinance of the City of Denton, Texas with the following conditions and specifications: 1. The property shall be developed and replatted in conformance with the approved concept plan. 2. The Crescent Street lot shall accommodate a single family dwelling that is of new construction. 3. The existing frame house on the lot fronting on Bolivar can only be replaced with a single family residence. 4. A chain link or wooden fence shall be erected along the interior lot line separating the two residences. The house to be built shall face Crescent Street and will be setback to a point that is in line with the existing structure or eighteen feet (181) from the front property line. 5. A detailed site plan and archittmiral elevations and/or renderings must be approved by the Planning and Zoning Commission and the City Council prior to issuance of a building permii to insure compati- bility with the character of the neighborhood. Z-1575/1'OM M. STINGLEY The Zoning Map of the City of Denton, Texas, adopted the 14th day of January, 1969, as an Appendix to the Code of Ordinances of the City of Denton, Texas, under Ordinance No. 65'-l, be, and the sane is hereby amended to show such change in District Classification and Use subject to the above conditions and specifications. SECTION II. That the City Council of the City of Denton, Texas, hereby finds that such change is in accordance with a comprehensive plan for the purpose or promoting the general welfare: of the City of Denton, Texas, and with reasonable consideration, among other things for the character of the district and for its peculiar suitability or particular uses, and with a view to conserving the value of the buildings, protecting human lives, and encouraging the most appropriate uses of land for the maximum benefit to the City of Denton, Texas, and its citizens. SECTION III. That this ordinance shall be in full force and effect immediately after its passage and approval, the required public hearings having heretofore been held by the Planning and Zoning Commission and the City Council of the City of Denton, Texas, after giving due notice thereof. PASSED AND APPROVED this the day of 1983. i D STE T, CI 1' OF ENTON, TEXAS ATTEST: (Y119,14 A/- Y 4i]ECRE6TY CITY OF D.ENTON, TEXAS APPROVED AS TO LEGAL FORM: C. J. TAYLOR, JR., CITY ATTORNEY CITY OF DENTON, TEXAS liY:_ r p IY LOCATION MAP No fCALE I tn•e Inca SITE I I fOCY E TAY C iC STL•.R VILL ;P DOpp N -F c TO BE CONSTRU co ON iA0~ER7T LINE V N 89*57'20' E 192.0 fm f 92.0 1 t o r•~ ( (iR~vIL O~,Pa e SIN CLEV ve0 zr'z a te E'•E.,S I LqL, C 9C,01 FLOOD - - - • . <O.!~. I- -d 10 BE I STORY FRAME ~PLIN SED B•_DG. I BUILT ° EXISTING x HOUSE C I ~ [nny Blaa'e BR RR•IL.eO m l 0 ~ 0 3 i II \ S LOT I_ Q c' LOT 2 F 16'PRtVhTE EASEMENT ~ • r 92.0 S f!I -r . _ ` S E39' $e.7,20 y% !.O 192.0 S[ rh ro•--• r s B C. _ CRESCENT ST. RC1B£/?i BEAI/MOMi : URV£Y 4-3/ T Y s- F. 0. RC D(NTO~ I $120 N•. to- CRESCENT STREET ADDITION NOVEMBER H,HBt REVyED DOC, I5,ISE2 CEC,(Z, 9& GorS a PClr of IPt R, Btaumoer Swrty A-31 IPNr~ H ,!q GI, aP )WO 1. DEnlon Cuunty, TtE es f f ~ 7 ~ v~ r 1 r ",r ~ b Y f f 6~'. Xr ,{4/}+1 ~ ti~ f~L,o ~:y 't ~ I fbv y k~ 4 s + t, VV ~Y r f ~ i '1 b J J ~L^+F lj f4r~ '~ri`di ~~R' 11fi5 3 .]YV ~~~}i VYVE ri~1'f~ i~. t f fl'..' 'fi a v `~o ~ . r 3 `i. r i.. ♦ s~l.,.R <r dt„~g ~vf I♦L, a!'1. t~1~1 }►a~~ni~iRw.ta NO. ~ AN ORDINANCE SETTING A DA'L'E, TIME AND PLACE UN THE PROPOSED ANNEXATION OF CERTAIN PROPERTY BY THE CITY OF DENTON, TEXAS, AND AUTHORIZING AND DIRECTING THE MAYOR TO PUBLISH NOTICE OF SUCH PUBLIC HEARING. THE CITY COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS: l SECTION I. On the day o£ 6j1/ Ij,,e 1983, at ✓~,U o'clock at the intersection of JimdfChristal Road and Hic kory Creek, the City Council of the City of Denton, Texas will hold a public hearing giving all interested persons the right to appear and be heard on the proposed annexation by the City of Denton, Texas of the property described below. On the 1/-'A--day of 1982, at 7:00 o'clock P.M. in the City Council Cha er o the Municipal Building of the City of Denton, Texas, he City Council will hold a public hearing giving all interested persons the right to appear and be heard on the proposed annexation by the City of Denton, Texas of the following described property, to-wit: All that certain tract or parcel of land lying and being situated in the County of Denton, State of Texas, and being part of the W. Davis Survey, Abstract No. 377, G. Meyers Survey, Abstract No. 843 and the A. Miller Survey, Abstract No. 887 and being more particularly described as follows: BEGINNING at a point in the present city limits as established by Ordinance No. 69-409 Tract Is said point lying in east boundary line of said Davis Survey, said point also being an inner ell corner of a tract of land conveyed to Denton Properties Joint Venture by deed recorded in Volume 1191, Page 521, said point also being the northeast corner of a tract of land conveyed to Malcol❑ M. Long by deed recorded in Volume 389, Page 389 of the Deed Records of Denton County, Texas; THENCE south 89028115" west 2359.92 feet to a point for a corner; THENCE north 0005154" west 600.48 feet to a point for a corner; THENCE west 5295.60 feet to a point for a corner in the east line of Wolfe Road; THENCE north 0015' east 2664.35 feet along the east line of Wolfe Road to a point for a corner in the center of Jim Christal Road; THENCE along the center of Jim Christal Road the following fourteen courses and distances: (1) north 8910' east 1530.0 feet; (2) north 821120' east, 555.0 Beet; (3) north 89°10' east, 944.0 feet; (4) east 511.0 feet; (5) south 88°0' east, 90.0 feet; (6) south 8500' east, 316.0 feet; (7) east 500.0 feet to the beginning of a curve; (8) southeasterly 80.29 feet along said curve to the right having a radius of 180.40 feet, chord bears, south 77°15101" east 79.63 feet to a point of tangency; (9) south 64030' east, 368.19 feet to the beginning of a curve, (10) southeasterly 260.60 feet along said curve to the left having a radius of S53.02 feet, chord bears, south 78°0'01" east Z-1578-PAGE ONE t 258.2 feet to a point of tangency; (11) north 88030' east, 1320.0 feet; (12) north 88040' east, 693.0 feet to the beginning of a curve; (13) southeastarly 339.08 feet along a curve to the right having ;a radius of 1059.69 feet, chord bears, south 82010' east 337.63 feet to a point of tangency; (14) south 7300' east 200.0 feet to a point for a corner in the present city limits as established by Ordinance No. 69-40, Tract. I; THENCE south along the present city limits a distance of 2985.32 feet to the place of beginning and containing 491.13 acres of land, more or less. SECTION II. The Mayor of the City of Denton, Texas, is hereby authorized and directed to cause notice of such public hearing to be published once in a newspaper having general circulation in the City and in the above described territory not more than forty days nor less than twenty days prior to the date of such public hearing, all in accordance with the Municipal Annexation Act (Article 970a, Vernon's Texas Civil Statutes). SECTION III: This ordinance shall be in full force and effect immediately following its passage and approval. PASSED AND APPROVED this the A day of , 1983. i qflA. _S q M C11Y OF 1~ENTON, TEXAS ATTEST: ALLEN, L CITY OF DENTON, TEXAS APPROVED AS TO LEGAL FORM: C. J. TAYLOR, JR., CITY ATTORNEY CITY OF DENTON, TEXAS BY: c. 4~24 Z-1578-PAGE TWO iv 1 E IS { Y. "a Y er L t S~n~ H B MEN TO ALL INTERESTED PERSONS THAT: The City of Denton, Texas, proposes to institute annexation proceed- ings to alter the boundary limits of said City to add the following described territory to the corporate limits of the City of Denton, to-wit: All that certain tract or parcel of land lying and being situated in the County of Denton, State of Texas, and being part of the W. Davis Survey, Abstract No. 377, G. Meyers Survey, Abstract No. 843 and the A. Miller Survey, Abstract No. 887 and being more particularly described as follows: BEGINNING at a point in the present city limits as established by Ordi- nance No. 69-40, Tract Is said point lying in east boundary line of said Davis Survey, said point also being an inner ell corner of a tract of land conveyed to Denton Properties Joint Venture by deed recorded in Volume 1191, Page 521, said point also being the northeast corner of a tract if land conveyed to Malcolm M. Long by deed recorded in Volume 389, Page 389 of the Deed Records of Denton County, Texas; THENCE south 89028115" west 2359.92 feet to a point for a corner; THENCE north 0005154" west 600.48 feet to a point for a corner; THENCE west 5295.60 feet to a point for a corner in the east line of f Wolfe Road; I THENCE north 0015' east 2664.35 feet along the east line of Wolfe Road to a point for a corner in the center of Jim Christal Road; THENCE along the center of Jim Christal Road the following fourteen courses and distances: (1) north 89°0' east 1530.0 feet; (2) north 88°20' east, 555.0 feet; (3) north 89010' east, 944.0 feet; (4) east 511.0 feet; (5) south 8800' east, 90.0 feet; (6) south 85°0' east, 316.0 feet; (7) east 500.0 feet to the beginning of a curve; (8) southeasterly 80.29 feet along said curve to the right having a radius of 180.40 feet, chord bears, south 77015101" east 79.63 feet to a point of tangency; (9) south 64030' east, 368.19 feet to the beginning of a curve; (10) southeasterly 260.60 feet along said curve to the left having a radius of 553.02 feet, chord bears, south 7800101" east 258.2 feet to a point of tangency; (11) north 88°30' east, 1320.0 feet; (12) north 88040' east, 693.0 feet to the beginning of a curve; (13) southeasterly 339.08 feet along a curve to the right having a radius of 1059.69 feet chord bears, south 82010' east 337.63 feet to a point of tangency; (143 south 73°0' east 200.0 feet to a point for a corner in the present city limits as established by Ordinance No. 69-40, Tract I; THENCE south along the present city limits a distance of 2985.32 feet to the place of beginning and containing 491.13 acres of land, more or less. A Public Hearing will be held by and before the City Council of the City of Denton, Texas, on the ~J7~-day of , 1983, at o'clock at the intersection of Jim Christal oa an Hickory Creek, for all persons interested in the above proposed annexation. At said time and place all such persons shall have the right to appear and be heard. Of all baid matters and things, all persons interested in the things and matters herein mentioned, will take notice. A Public Hearing will be held by and before the City Council of the City of Denton, Texas, on the 'day of , 1983, at 7:00 o'clock P. M. in the City Council Chamber o the Mn cipal Building of the City of Denton, Texas, for all persons interested in the above proposed annexation. At said time and place all such persons shall have the right to appear and be heard. Of all said Matters and things, all persons interested in the things and matters herein mentioned, will take notice. CI Y OF ENTON, TEXAS ATTEST: cc~~---- CHA L TE ALLENt CiTY S CRE NOTICE/Z-1578-PAGE SOLO n h i, R' r:,1'.(Y !y iGei ri•AL~ ! x ~ _x~ f: 'i it ~ 1~i~ `f 4.lT. e2 r. v. 4aM NO. _ AN ORDINANCE AMENDING CHAPTER 25, SECTION 25-60 F THE CODE OF ORDINANCES OF THE CITY OF DENTON TEXAS PERTAINING TO WATER RATES AND CHARGES AND DECLARING AN EFFECTIVE DATE. THE COUNCIL OF THE CITY OF DENTON, TEXAS, HEREBY ORDAINS: SECTION 1. That Chapter 25, Section 25-60 of the Code of Ordinances of the City of Denton, Texas is hereby amended and shall hereafter read as follows: ARTICLE IV. WATER Section 25-60. Rate Schedule. The rates to be charged by the City of Denton for water services are hereby established as follows: (a) Residential Users Inside of City Limits (W-1 Rate): (1) Monthly Rate: P Customer Charge $3.25 per 30 day billing period Winter Volume Charge (October-May) All consumption $1.22 per 1,000 gallons Summer Volume Charge (.June-September) 0-20,000 gallons $1.22 per 1,000 gallons Above 20,000 gallons $1.42 per 1,000 gallons. (2) Minimum Charge: $5.00 r Commercial Users $8.00 (3) Availability: Residential Service. Applicable for single- family residential use. Where less than five (5) units of a multiple dwelling are served by a single water service line, the minimum bill and the number of gallons in each category shall be multiplied by the number of family or housekeeping units. (4) Payment: Billing for service hereunder will be at the net monthly rate, payment of which is due on or before the, due date shown on the statement. Sections 25-4 and 25-6 of this Chapter will apply to service users having overdue bills. (b) Commercial and Industrial (W-2): Monthly Rate Customer Charge $7.25 per 30 day billing period Volume Charge $1.17 per 1,000 gallons (2) Minimum Charge $8.00 (c) Sales for Resale (W-3): Customer Charge $110.00 per 30 day billing period Volume Charge $ 1.19 per 1,000 gallons (d) Utility Operations (W-4): Customer Charge $7.25 per 30 day billing period Volume Charge $1.22 per 1,000 gallons (e) Sales to City Accounts (W-5): Customer Charge 7.50 per 30 day billing period Volume Charge 1.22 per 1,000 gallons (f) Sales to Steam Generating Plant (W-6): V-)lume Charge $0.45 per 1,000 gallons (g) Fire Service (W-7): (1) Rate and monthly charge: Each commercial or industrial establishment requiring a standby fire service line (unmetered) to serve sprip.klers or other private fire-fighting equipment shall pay for this service each month as follows: For each six-inch fire service line $ 8.25 For each eight-inch fire service line $11.00 (2) Availability: Each fire service line is not to be used for any purpose other than fire fighting. (h) Customers Outside City Limits: Except for W-3 Rats Customers, customers outside the city limits shall be charged the appropriate rate schedule as listed above multiplied by one hundred fifteen (,1151) percent. SECTION 11. This ordinance shall become effective on June 1, 1983. PASSED AND APPROVED this the _hQ7'cTay of 1983. 1 .ltc D 01 , _ MAfORw Y OF D NTON, TEXAS Cl ATTEST: CT[ARLO1'TE ALLEN,/ 40SECRETARY CITY OF DENTON) TEXAS APPROVED AS TO LEGAL FORM: C. J. TAYLOR, JR., CITY ATTORNEY CITY OF DENTON, TEXAS BY: ' PAGE 2 , a c ri ~ 1 0 r p -i+ tii ~~r' fi if ~1,~ 1 Z ~ ~ r " 1 f f T h'y k,d i C~~.Fr, II} 1 1 } 1 ~~n ♦ r~j Ali t 1 ~ 1 C } r . l yJf ~ I1 1 1 i }V ! y i it x A F I t iti l~ ~ !X I ` C 1 / JO 1 } yi4.F C lj F~ ~ } ~f ~l l T}1 •~~i'}~« ~W ~3 `~l~rYlllwwrt Mlllgirl! r I1~'~r^I,~~Ir yrr NO. AN ORDINANCE ACCEPTING THE DEDICATION BY DEED FROM E. DEATS HEADLEE OF CER'T'AIN REAL PROPERTY SITUATED IN THE B.B.B. & C.R.R. COMPANY SURVEY, ABSTRACT 1861 DENTON COUNTY, TEXAS, AND RECORDED IN VOLUME 8781 PAGE 561 OF THE DEED RECORDS OF DENTON COUNTY TO THE CITY OF DENTON, TEXAS, FOR THE USE OF SAID PROPERTY AS A PUBLIC STREET AND DECLARING AN EFFECTIVE DATE. I THE COUNCIL OF THE CITY OF DENTTON HEREBY ORDAINS: l SECTION I. The City of Denton, Texas, hereby accepts the conveyance and dedication by deed from E. Deats Headlee of that certain real property situated in the B.B.B. & C.R.R. Company Survey, Abstract No. 561, Denton County, Texas, and recorded in Volume 878, Page 561 of the Deed Records of Denton County to the City of Denton, Texas, for the use of said property as a public street and for utilities, said property being more particularly described as follows: All that certain lot, tract or parcel of land lying and being situated in the City and County of Denton, State of Texas, and being part of the B.B.B. & C.R.R. Company Survey, Abstract No. 186, and also being part of a tract of land as conveyed from Four M Developers, Inc. to E. Deets Headlee by deed dated March 9, 1978 and recorded in Volume 878, Page 561 of the Deed gg Records of Denton County, Texas and more particularly described 1 as follows: BEGINNING at the southeast corner of said Headlee Tract, said point 'being the northwest corner of Lot 1, Block 3 of the Headlee. Addition; 1 THENCE north 87040' west along the south boundary line of said Headlee Tract a distance of 100 feet to a point for a corner; THENCE north 2°18' east 100 feet west of and parallel to the east boundary line a distance of 167.5 feet to a point for a corner; THENCE south 87040' east along the north boundary line of said tract, a distance of 100 feet to the northeast corner of said Headlee Tract; THENCE south 20181 west along the east boundary line of said Headlee tract a distance of 167.5 feet to the place of beginning and containing 0.385 acres of land, more or less. SECTION II. The City of Denton hereby accepts the conveyance and dedication of the real property described in Section I hereof for the purposes of a public street and for utilities. PAGE ONE _ W4 IM SECTION III. The Mayor of the City of Denton is hereby authorized to sign the instrument of street dedication executed toy E. Deats Headlee, accepting such dedication and the conditions therein on behalf of the City of Denton, Texas. SECTION IV. The Planning and zoning -orrunission of the City of Denton is hereby authorized and directed to let the real property herein dedicated be designated as a public street on the official Map of the City of Denton, Texas. SECTION V. That this ordinance small become effective immediately upon its ')assage and approval. PASSED AND APPROVED this the _/(i day of May 1983. I ARD OjJSTEWA`ATj7-MAYGq/ CITY OF DNTON, TEXAS ATTST: L11a - CffARLOTTE ALLEN, CITY SS RETTRY CITY OF DENTON, TEXAS APPROVED AS TO LEGAL FORM: C. J. TAYLOR, JR., CITY ATTORNEY CITY OF DENTON, TEXAS BY: . 296L-16L PAGE TWO i 'r' AO! J l . a d• r r r P~'Y' ♦.e Zvi. J .J ' S yr 1 ~ t 1 I 1 r r ♦ r :.t I(i ~y i I S srJt vvy t,, J,Dt`.. !I R E S O L U T I O N WHEREAS, we live in a world that makes universal human rights our first priority if civilization is to survive and advance; and WHEREAS, a major obstacle to the attainment of universal human rights is the prejudice that manifests itself in the peesecution of a people for their religious beliefs; anc WHEREAS, the earth is, in reality, one country and mankind its citizens; and WHER,'AS, we in America have been given great spiritual capacities and blessings; WHEREAS, we must take the leadership in the quest for an attainment of universal human rights and religious freedom; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS: That we, the City Council of Denton, Texas, do hereby protest the relentless persecution of individual members of our universe because of their religious beliefs; and IT IS FURTHER RESOLVED, that the City Council of Denton, Texas enacts this resolution of sympathy and suppo.Tt of reli ious freedom throughout the world in order that the world may know our sentiments on this humanitarian issue. PASSED AND APPROVED this the day of 1983. CIT OF D- TON, TEXAS ATTEST: J CITY OF DENTON, TEXAS APPROVED AS TO LEGAL FORM: C. J. TAYLOR, JR., CITY ATTORNEY CITY OF DENTON, TEXAS BY: ~6C"-6'& c J l 1 v r . r H'. fit ILA, si, CY R E S O L U T I O N L _ BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS: SECTION I. The Mayor is hereby authorized to execute on behalf of the City of Denton, Texas an agreement between the City of Denton and the Texas Municipal Power Agency, a copy of which is attached hereto and made a part hereof. SECTION II. ' This Resoluton shall become effective from :nd after its date of passage. PASSED AND APPROVED this the 10th day of May, 1983. ITY OF DE_TON, TEXAS ATTEST: r R R Ift CITY OF DENTON, TEXAS APPROVED AS TO LEGAL FORM: C. J. TAYLOR, JR., CJTY ATTORNEY ~ CITY OF DENTON, TEXAS BY: r 5', ti i' cry .J WE THE UNDERSIGNED RESIDENTS OF THE NEIGHBORHOODS ADJACENT TO THE LAND BOUNDED BY BELL AVENUE, WINDSOR DRIVE, STUART ROAD. AND ASPEN DRIVE WISH TO KAKE OUR WISHES KNOWN IN THE MATTER OF THE PROPOSED MULTI-FAMILY ZONING IN THIS AREA. PROBLEMS CREATED BY THE POPULATION DENSITY ALREADY PRESENT ARE NOT BEING MET. TRAFFIC BOTH AUTOMOBILE AND PEDESTRIAN,ARE AT A rANGEROUS POINT. THE THREAT OF FIAOaING IS EVER-PRESENT IN THIS FLOOD PLAIN AREA AND AS AVAILABLE ABSORBTION AREA IS COVERED WITH HOUSES AND CONCRETE THR EFFECT OF RECENT DRAINAGE PROJECTS WILL BE NEGATED. WE YEAR THE RISE IN CRIME WHICH SEEMS TO BE A FEATURE OF HIGH DENSITY POPULATION TYPE NEIGHBORHOODS. WE IfISH TO PRESERVE THE CHARACTER OF THE NEIGHBORHOOD WE HAVE CHOSEN FOR OUR HOMES AND TO PRESRVE THE ATMOSPHERE WHICH MAKES DENTON A DESIRABLE PLACE IN WHICH TO LIVE AND RAISE OUR FAMILIES. NAME ADDRESS (print: and sign legal signature) ~E'C 1`l CL VA llt . C( o 2 Mari0.k 0.untl~~M tti.. ~ u ~~r-a s'ct ~n . 1m~f- s 3 ~~p y n~& 4 2, SCoV% '90 eYs 5 6 May 10, IV II I /V ,9. Q• v c,7a, p o v',~ k1. a Ajvr 9w~i~vctnJ~~w,~ree 9 v a s 10 J (it.~ Yil f y Lk Lt_a 1l CIE ~o~~~~ 12 T0 t~f7/3I j c~_ O 1 13 1 Z •Z ~Cwt~t loo cal 14 a,t CQ 3{1 RR3aa 15 16 17 18 19 20 21 22 23 24 25 WE THE UNDERSIGNED RESIDENTS OF THE NEIGHBORHOODS ADJACENT TO THE LAND BOUNDED BY BELL AVENUE, WINDSOR DRIVE, STU ART ROAD. AND ASPEN DRIVE WISH TO ?TARE OUR WISHES KNOWN IN THE NATTER OF THE PROPOSED MULTI-FAMILY ZONING IN THIS AREA. PROBLEMS CREATED BY THE POPULATION DENSITY ALREADY PRESENT ARE NOT BEING MET. TRAFFIC, BOTH AU70MOBILE AND PEDESTRIAN,ARE AT A DANGEROUS POINT. THE THREAT OF FLOODING IS EVER-PRESENT IN THIS FLOOD PLAIN AREA AND AS AVAILABLE ABSORBTION AREA IS COVERED WITH HOUSES AND CONCRETE THE EFFHCT OF RECENT DRAINAGE PROJECTS WILL BE NEGATED. WE FEAR THE RISE IN CRIME WHICH SEEMS TO BE A FEATURE OF HIGH DENSITY POPULATION TYPE NEIGHBORHOODS. WE WISH TO PRESERVE Tiff; CHARACTER OF THE NEIGHBOR'i00D WE HAVE CHOSEN FOR OUR HOMES AND TO PRESRVE THE ATMOSPHERE WHICH MAKES DENTON A DESIRABLE PLACE IN WHICH TO LIVE AND RAISE OUR FAMILIES. NAME ADDRESS (print and sign legal siguature~_., 1 3.3"A n1 C 5 N U) d/ TEf""'. 4 6f17v$t9 ! fl fl /y, SI/i~ 7 f tf~ Cl'c~ci.,jj'i ~<2 Lu'c/'~`' S 6 7 8 9 10 11 12 13 14 I 15 16 17 18 19 20 21 22 23 24 25 WE THE UNDERSIGNED RESIDENTS OF THE NEIGHBORHOODS ADJACENT TO THE LAND BOUNDED BY BELL AVENUE, WINDSOR DRIVE, STUART ROAD. AND ASLEN DRIVE WISH TO !RAKE OUR WISHES KNOWN IN THE MATIER OF THE PROPOSED MULTI-FAMILY ZONING IN THIS AREA. PROBLEMS CREATED BY THE POPULATION DENSITY ALREADY PRESENT ARE NOT BEING MET. TRAFFIC, BOTH AUTOMOBILE AND PEDESTRIAN,ARE AT A DANGEROUS POINT. THE THREAT OF FLOODING IS EVER-PRESENT IN THIS FLOOD PLAIN AREA AND AS AVAILABLE ABSORBTION AREA IS COVERED WITH HOUSES AND CONCRETE THE EFFECT OF RECENT DRAINAGE PROJECTS WILL BE NEGATED. WE YEAR THE RISE IN CRIME WHICH SEEMS TO BE A FEATURE OF HIGH DENSITY POPULATION TYPE NEIGHBORHOODS. WE WISH TO PRESERVE THE CHARACTER OF THE NEIGHBORHOOD WE HAVE CHOSEN FOR OUR HONES AND TO PRESRVE THE ATMOSPHERE WHICH MAKES DENTON A DESIRABLE PLACE IN WHICH TO LIVE AND RAISE OUR FAMILIES. tIAME ADDRESS (print and sign legal signature) 5 .2 ti*-- 2 3 4 C O ~b PQ~ 5 ~ ~l ~/vW exl / 9 Gb~ Su 10 r c 47 Sz ~a~c 11 12 13 14 7 UI ~s /~EhJ 15~ ~N JO 1 16 ¢ - ,tea c~-r!' Q 17 p o ~~Y✓ 18 Sz 19 20 21 22 23 24 25 WE THE UNDERSIGNED RESIDENTS OF THE NEIGHBORHOODS ADJACENT TO THE LAND BOUNDED BY BELL AVENUE, WINDSOR DRIVE, STUART ROAD. AND ASPEN DRIVE WISH TO MARE OUR WISHES KNOWN IN THE MATTER OF THE PROPOSED MULTI-FAMILY ZONING IN THIS AREA. PROBLEMS CREATED BY THE POPULATION DENSITY ALREADY PRESENT ARE NOT BEING MET. TRAFFIC, BOTH AUTOMOBILE AND PEDESTRIAN,ARE AT A DANGEROUS POINT. THE THREAT OF FLOODING IS EVER-PRESENT IN THIS FLOOD PLAIN AREA M AS AVAILABLE ABSORBTION AREA IS COVERED WITH HOUSES AND CONCRETE THE EFFECT OF RECENT DRAINAGE PROJECTS WILL BE NEGATED. WE FEAR THE RISE IN CRIME WHICH SEEMS TO BE A FEATI'RE OF HIGH DENSITY POPULATION TYPE NEIGHBORHOODS. WE WISH TO PRESERVE THE CHARACTER OF THE NEIGHBORHOOD Vd HAVE CHOSEN FOR OUR HOMES AND TO PRESRVE THE ATMOSPHERE WHICH MARES DENTON A DESIRABLE PLACE IN WHICH TO LIVE AND RAISE OUR FAMILIES. NAME ADDRESS (print and ai legal ai,rnature) 3aqLcir IS%r e Sf I 2 ~p / ~-moo~k2J 3 Lc cr/ O~~iI c J.2.2 4 n i^._+C' 6/j. t 5~ i 6 o~ g y "17?6Va44 j ~i a7V20a" ~Q/Uf1DU)ptf'h l oo t jaar.cV 1o $ o S 1n~ 11 Qo IN 12 1.3 14 15 16 17 18 19 20 21 22 23 24 25 WE THE UNDERSIGNED RES.T.DENTS OF THE NEIGHBORHOODS ADJACENT TO 1-2E LAND BOUNDED BY BELL AVENUE, WINDSOR DRIVE, STUART ROAD. AND ASPEN DRIVE WISH TO MARE OUR WISHES KNOWN IN THE MATTER OF THE PROPOSED MULTI-FAMILY ZONING IN THIS AREA. PROBLEMS CREATED BY THE POPULATION DENSITY ALREADY PRESENT ARE NOT BEING NET. TRAFFIC, BOTH AUTOMOBILE AND PEDESTRIAN,ARE AT A DANGEROUS POINT. THE THREAT OF FLOODING IS EVER-PRESENT IN THIS FLOOD PLAIN AREA AND AS AVAILABLE ABSORBTION AREA IS COVERED WITH HOUSES AND CONCRETE THE EFFECT OF RECENT DRAINAGE PROJECTS WILL BE NEGATED. WE FEAR THE RISE IN CRIME WHICH SEEMS TO BE A FEATURE OF HIGH DENSITY POPULATION TYPE NEIGHBORHOODS. WE WISH TO PRESERVE THE CHARACTER OF THE NEIGHBORHOOD WE HAVE CHOSEN FOR OUR HOMES AND TO PKESRVE THE ATMOSPHERE WHICH MAKES DEN'.^ON A DESIRABLE PLACE IN WHICH TO LIVE AND RAISE OUR FAMILIES. NAME ADDRESS (print and sign legal signature) 2 V ~ Z S u~2, 'fin 4 / ~~L GZL~~ 5 b/ C ~r fir:-~~cLC~ / %~~'`~~2~ L. I- ~j / 10 12 13 14 /25i 15 16 ADS /'~11~~It >~Er ~A 17 ~C~} Lfi ~71.~.s~ ~l L y tf 18J~? v I(o`i S~CYYC~~v. 19, 20 21_. 22 23 l 0A I 24 25 S~GJ~ ~Ccgr.~- I Df1 q skrrc . l WE THE UNDERSIGNED RESIDENTS OF THE NEIGHBORHOODS ADJACENT TO THE LAND BOUNDED BY BELL AVENUE WINDSOR DRIVE, STUART ROAD. AND ASPEN DRIVE WISH TO MAKE OUR WISHER KNOWN IN THE NATTER OF THE PROPOSED MULTI-FAMILY ZONING IN THIS AREA. PROBLEMS CREATED BY THE POPULATION DENSITY ALREADY PRESENT ARE NOT BEING NET. TRAFFIC, BOTH AUTOMOBILE AND PEDESTRIAN,ARE AT A DANGEROUS POINT. THE THREAT OF FLOODING IS EVER -PRESENT IN THIS FLOOD PLAIN AREA AND AS AVAILABLE ABSORBTION AREA IS COVERED WITH HOUSES AND CONCRETE THE EFFECT OF RECENT DRAINAGE PROJECTS WILL BE NEGATED. WE FEAR THE RISE IN CRIME WHICH SEFMS TO BE A FEATURE OF HIGH DENSITY POPULATION TYPE NXICHBORHOODS. WE WISH TO PRESERVE THE CHARACTER OF THE NEIGHBORROOD WE HAVE CHOSEN FOR OUR HOMES AND TO PRESR7E THE ATMDSPHEFF, WHICH MAKES DENTON A DESIRABLE PLACE IN WHICH TO LIVE AND RAISE OUR FAMILIES. NAME ADDRESS (print and sign legal signature) 2 QQ q2, ,~.~,J s 9/7 SuvcA_ 6 1/? 7 01) 3 ~w 3 i elcna 8 Fes"'"- ~ I 11~c~C 1~G1 ~jr 12 13 14 15 16 17 18 19 20 21 22 23 24 25 A RESOLUTION by the City Council of the City of Denton, Texas, consenting to the introduction of an Act creating a Municipal Utility District to be known as the "Argyle Municipal Utility District" and resolving other matters incident and related thereto. WHEREAS, in conformity with the provisions of Article XVI, Section 59 of the Texas Constitution, the City Council of the City of Denton, Texas has been furnished a copy of a proposed Act to be introduced for passage by the Legislature of the State of Texas during its regular session in 1983 providing for the creation of a conservation and reclamation district in Denton County, Texas; such district to be known as the "Argyle Municipal Utility District" and to include within its boundaries approximately 605.85 acres of land, more or less, situated in Denton Count;, Texas and a portion of which land is located within the extraterritorial jurisdiction of the City of Denton, Texas; and WHEREAS, the Council has reviewed the Act creating said District and other evidence and information relating to the proposed District and has found and determined that consent for the introduction of the Act at the regular session of the Legislature of the State of Texas should be granted; now, therefore, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS: SECTION 1: That, in conformity with the provisions of Article XVI, Section 59 of the Constitution of the State of Texas, approval and consent is hereby given and granted for the introduction at the regular session of the Legislature of the State of Texas in 1983 of an Act providing for the creation of a conservation and reclamation district to be known as the "Argyle Municipal Utility District" and containing land therein within the extraterritorial jurisdiction of the City of Denton, Texas. SECTION 2: That the City Secretary is hereby authorized and direc to forward a certified copy of this resolution to the Governor, Lieutenant Governor and the Speaker of the House as soon as possible; evidencing the Council's consent to the creation of the proposed District. PASSED AND APPROVED, this the dayof , 1983. J7~9, a r, it of De ton, Texas ATTEST: City ecr tary, City of Denton, Texas (City Seal) v CERTIFICATE OF CITY SECRETARY THE STATE OF TEXAS § § COUNTY OF DENTON § § CITY OF DENTON § I, the undersigned, City Secretary of the City of Denton, Texan, DO HEREBY CERTIFY as follows: 1. That on the ~~nn d y of ✓ , 1983, the City Council of the City of~Denton, Texas, c nvened in session at its regular meeting place in the City Hall f said City; the duly constituted members of the Council being as follows: RICHARD 0. STEWART MAYOR MARK CHEW ) JACK BARTCN ) CHAR3.ES HOPKINS ) COUNCILMEMBERS DR. A. RAY STEPHENS ) JIM RIDDLESPERGER ) JOE ALFORD ) and all of said persons were present at said meeting, except the following: _ Among other business considered at said meeting, the attached resolution entitled: "A RESOLUTION by the City Council of the City of Denton, Texas, consenting to the introduction of an Act creating a Municipal Utility District to be known as the 'Argyle Municipal Utility District' and resolving other matters incident and related thereto." was introduced and submitted to the Council for passage and adoption. After presentation and due consideration of the resolution, a motion was made by Ile, that the resolution b_ fin lly passed an adopted. The motion was seconded by and carried by the following vote: 'r voted "For" voted "Against" -Q abstained all as shown in the official Minutes of the Council for the meeting held on the aforesaid date. 2. That the attached resolution is a true and correct copy of the original on file in the official records of the City; the duly qualified and acting members of the City Council of said City on the date of the aforesaid meeting are those persons shown above and, according to the records of my cffice, advance notice of the time, place and purpose of the meeting was given to each member of the Council; and that said meeting, and the deliberation of the aforesaid public business, was open to the public and written notice of said meeting, including the subject of the entitled resolution, was postal and given in advance thereof in compliance with the provisions of Article 6252-17, Section 3A, V.A.T.C.S. IN WITNESS WHEREOF, I have hereunto signed my name officially and affixed the seal of said City, this the of 1983. CitySecretar y. y, City of Denton, Texas (City seal) i ,(jtr'_,yrr i i .a t Yt • 'i Z k a 1 :__+i ' t r i a , ti , r i r f a ,7 ~'"d• 'o a"'~ •i'~~ r 1' 1 * i`' `1 ~ V ' ` i i '1 r r( ~,f,, i n n• ~~51 ~ ~ . ~ 5.., , , ea.~eW '9 ea ,T ~~~~iKl . (y; e' .'.~rh~~R~ '.Irv ti~."K7. ~ i~ ~r C ~ i I n e ~ t 4 't ~ re e L r .p ~dy ~ Yi , ~ ~.r _ v ~ ~ ~ 5 ~ ~ y ~ik2 a e~ Y p t~ v ( k' ~ e "I r e'rl tj~h1 4~q .bV... J''<~.,.. f,~,>~. `i;,~ } T?lk~ ' AGREEMENT REGARDING IMPROVEMENTS S11UA UN MUNICIPAL -OWNED LAND 1 That the City of Denton, a municipal corporation herein by and through its Mayor, of the County of Denton, Texas herein- after called "City" for and in consideration of the sum of Ten and No/100 Dollars and other good and valuable consideration, receipt of which is hereby acknowledged, has granted, and by ~YP M these presents does grant unto the Texas Municipal Power Agency, ` a political subdivision of the State of Texas, hereinafter rt called "Agency", its successors and assigns, the right to ownership and title of any and all electric facilities and „ improvements which have been and shall be placed by Agency on an land owned b the City and shall not any Y go with or become a part of said land, provided, however, that the City shall have the right upon expiration of the term hereof, to reprove, at Agency's expense, such electric facilities then remaining on the above described land. The rights hereby granted to agency shall remain in force for the same term as the Power Sales Contract on file with City ,ra dated September 1, 1976 between City and Agency. Witness the hand and seal of the City of Denton, Texas, this 10th day of May, 1983. i CITY OF DENTON, TEXAS ~ r BY: J (r.7 -MA YGR *173 TEWMV~ ;e f-' ATTEST: rFWRTTM ALLENO CITY SECRETARY CITY OF DENTON, TEXAS "o s APPROVED AS TO LEGAL FORM: C. J. TAYLOR, JR., CITY ATTORNEY CITY OF DENTON, TEXAS BY: Qe.} ~(q, rg~F~ y A4~ '4k 6'i Sry , Y t:,- k i !S# {Pys i 1 ] . S.yv CiYfRi W~3i! U-I ~~q s'r 1 CITY OF DENTON d U71L17l1J M E M O R A N D U M TO: CHARLOTTE ALLEN, CI1'Y SECRETARY FROM: Gay Racina, Sr. Secty, Utility Adm. DATE: July S, 1983 RE: Gilbert Contract- Electric Rate Review 1983 Executed Copy Please file the attached executed copy of the above-referenced with the official City Records. Gay Racina, r. Secty. cr c: file attachment: Gilbert Contract- EER-1983 2200U/8 CONTRACT FOR REVIEW OF PROPOSED ELECTRIC RATES Contract made this ' ~ day of 1983, by and between the City of Denton, Texas, a municipal corporation organized and existing under the Home Rule Amendment to the Constitution of Texas, (hereinafter referred to as Denton) and Gilbert Associates, Inc. doing business in Texas as Gilbert/Commonwealth Engineers and Consultants Company, a corporation duly authorized to transact business within the State of Texas, (hereinafter referred to as Consultant). WITNESSETH: WHEREAS, Denton wishes to employ Consultant for the purpose of reviewing Electric Rates proposed by the Electric Rate Review Advisory Committee. Such study consisting of: 1. A review of the proposed electric rates to assure that there are no rlajor inequities in allocation of cost between rate classes; and, 2. Testing the rates based on the City of Denton's consumption histories to assure that the rates will produce the appropriate revenues. NOW, THEREFORE, the parities hereto do hereby agree as follows: SECTION Consultant shall perform the services as set forth in Attachment 1 hereto. 5~C'1'TOiV II In consideration of the services performed by Consultant under this Contract, Denton shall pay Consultant a not to er-ceed amount of $20,000 based on the following: A. Professional Services Charges for professional services of Consultant's staff who may be assigned to the project will be billed in accordance with Consultant-'s standard hourly rates for the various categories of personnel as follows: Project Manager $ 95/hr Technical Acvisor $125/hr Project Consultant $ 75/hr (Grade 5) Project Consultant $ 45/hr (Grade l) Time charges will be made for personnel only while they are actually at work on the assignment and for travel time during normal working hours. S. Out of Pocket Expenses In addition to the cost of professional services, certain other expenses consisting of, but not limited to, travel, lodging, and living expenses of Gilbert Associates, Inc., employees when engaged on a project away from the home office, plus long distance telephone and other incidental charges will be billed at cost. Printing, reproduction and data processing charges, as required, will be billed in accordance with Consultants' standard rates prevailing at the time such services are rendered. The u:ae of Consultants' automobiles shall be charged at 23¢ per mile. Rented automobiles will be billed at cost. 1979U/2 C. The City shall make available its IBM 4330 computer to Consultant for installation of Consultant's cost-of-service software model. The Consultant shall have use of the computer from the Utility uepartment's remote computer terminal for analysis of rates. Such use shall be available at reasonable hours and coordinated with the Data Processing Department Manage. D. In the event the Consultant is unable to utilize the City's IBM 4330 computer for the analysis of the rates, Consultant will utilize their own computer to perform the analysis. Any direct computer, costs incurred by Consultant will be beyond the scope of this contract and will require an addendum to be approved by the City Council. SECTION III Invoices shall be rendered monthly for the preceding month's services performed and expenses incurred f,n Denton's behalf, and such invoices shall be due and payable fifteen days after receipt of the invoice. SECTION IV The Director of Utilities will serve as Project Manager for the Stud;. The City will make available to the Consultant all information that may be relevant to the City that is available within the records of the City. SECTION V Denton may terminate this Contract upon thirty days prior written notice to Consultant. In the event of termination, Denton shall pay Consultant for fuli services rendered and expenses incurred to date of termination and Denton shall receive all completed analysis comparisons, and work cone to the date of termination and any work in progress or incomplete reports will be delivered to Denton. 1979U/3 SECTION VI Consultant will complete its' services under this Contract and deliver the required reports by July 15, 1983. SECTION VII In no event shall Consultant be liable in any cause of action for special, indirect or consequential damages of any nature. SECTION VIII The provisions of this contract constitute the entire agreement between the parties and supersede all prior communications, representations, and agreements, oral or written, between the parties hereto with respect to the subject of this Contract. IN WITNESS WHEREOF, the parties hereunto set their hands and seals the day and year first above written. GILBERT ASSOCIATES INC. I ATTESTi By 4Y_ 1. Title S£CnETA 'y Title J/ic, ATTEST: CITY OF DENTON, T XAS i By~ i BY I Title Title AY) 1979U/4 . • SCOPE Of' WORK 1. Review of Denton's Cost-of-Service Study by analysis of historical data utilized as input. This review will consist of determining the actual billing information produced by Uata Processing by class, by month, including: Customers KWx Billing demand where appropriate Revenues Bill frequen--y data Also to be reviewed will be accou:.ting information as follows: Plant capital costs by mayor functional areas including production, transmission, distribution, general, customer and street lighting. Where available, these costs will be reviewed on an account basis within each mayor functional category above for allocation purposes. Similarly, Denton's operating expenses, including production, transmission, distribution, customer service, administrative and general, purchase power and others as identified, such -s debt service, transfers, and new construction, shall be reviewed for allocation purposes. After our review of the cost-of-service data base and analysis performed by Denton, Gilbert will identify areas where deficiencies exist, if any, and recommend appropriate action to correct, including any methodology changes in the cost-of-service analysis. The cost-of-service review will incorporate the Electric Rate Review Advisory Committee's general guidelines and philosophy in rate design, which may be based on the existing cost-of-service or a modified cost-of-service recommended by Gilbert. This includes special attention to the Committee's concerns of the governmental rate for the Denton Independent School District. 2. Gilbert will conduct a test of the revenues that the rates will produce using the City's consumption histories to assure appropriate revenues teased on the following steps: a) Existing actual revenues by customer class. b) Establish actual cost by customer class through the allocations developed in the cost-of-service review. c) Review results of allocated costs vs revenue levels in order to establish targets for rate design, keeping in mind the guidelines of the Electric- Rate Review Advisory Committee. I' L CITY OF DENTON 1 J17JLJYl1J M S M 0 R A N D lJ M TO: CHARLOTTE ALLEN, CITY SECRETARY FROM: Gay Racina, Sr. Sec'y, Utility Adm. DATE: July 7, 1983 R£: TMPA- Agreement for Easement Assignment Attached please find the Texas Municipal Power Agency Agreement for Easement Assignment for filing with the official City Records. Thank,you. _ `.11 GC-Racina Sr. Secretary cc: c: file Attachment: TMPA Agreement for Easement Assignment 1983 22000-16 '.`.GL 1, HEWLETT-PACKARD 16-ajA,7,12 EDIT/ 3000 THU, ~R 14, 1983, 10.12 AM (C) HE 1 2 AGREEMENT FOR EASEMENT ASSIGNMENT 4 •J STATE OF TEXAS ) b ) KNOW ALL MEN BY THESE PRE:SEN')'S: 7 COUNTY OF DENTON ) 8 9 THIS AGREEMENT is made and entered into by and between Texas 10 Municipal. Flower Agen;:y, a political subdivision of the State of 11 Texas, ASSIGNOR, and the City of Denton, ASSICNEC; 12 13 WHEREAS, ASSIGNOR has acquired certain property rights and 14 easements located in Denton County and described in Deed Records 15 of said County as follows: lb 17 TRACT NUMBER VOLUME PAGE. GRANTOR 18 19 T-1502-D2 1132 923 Willard L. Feucht, et u.c 20 T-1502-D3 1131 229 Malcolm M. Long, et ux 21 T-1502-D5 1163 99h Ft, Worth National Hank,Tr. 22 T-1502-D41 1137 200 Maries Hampton 23 T-1502-D42 1133 865 Truitt Doyle h Joe Abbott - 24 25 WHEREAS, ASSIGNEE has purchased a 1,33 acre tract of land adjacent 26 to ASSIGNOR'S easement on aforesaid tract T-1302-D5 as recorded in 27 Volumti 1185, Page 999 of said Deed Records, for the construction 28 of an electrical substation and, 29 30 WHEREAS, ASSIGNEE has need to construct electrical distribution 31 circuits from said substation to the south to F.M. Highway 1515, 32 and to the north to U.S. Highway 360 and, 33 34 WHEREAS, ASSIGNOR now desires to assign to ASSIGNEE all its 35 rights, titlas and interests in a portion of each of said 36 easements ano ASSIGNEE desires to accept the assignment thereof; 37 33 NOW, THEREFORE, for the sum of Ten Dollars (`610.00) and 39 other good and valuable consideration, paid by 40 ASSIGNEE, the receipt of which is hereby acknowledged, 41 ASSIGNOR hereby assigns to ASSIGNEE: all of ASSIGNOR`S right, 42 title and interest in and to that portion of the above listed 43 property rights and easements which are more particularly 44 described in attached Exhibits as follows: 45 46 EXHIBIT TRACT NUMBER ACRES ASSIGNED 47 4B' 49 "A" T-1302-D2 1.000 50 "B" •f-1502-D3 4,6;3R 51 11C" T-1502-D5 2.0313 52 '•D" T-1502-D41 0.280 53 IIEII T-1502-D42 0.017 54 55 , It is expressly understood that ASSIGNEE .;hall be respon- 56 Bible for. any amounts required to be paid to the fee simple 57 owner(s) of the aforesaid properties which may be required as '(ICE 2' HEWLETT-PACKARD 32201A.7.12 EDIT/3000 WED, Rr'R 13, :903, 4:24 PM (C) HE 58 a result of this assignment and/or any subsequent activities by 59 ASSIG?J-=E on the land thus assigned. F, Q 61 ASSIGNEE shall design and locate its lines with respect to 62 ASSIG'NOR'S 138kv lines and the westernmost Right-of-Way line 63 of ASSIGNOR'S easements to meet all clearance criteria of the 64 National Electrical Safety Code, 1981 Edition, and such design 65 shall be subject to review and approval of ASSIGNOR. 66 67 'As additional consideratioi. 'ar the assignment of these easements, 60 ASSICNOR shall be held hermless by ASSIGNEE- against any claim on 69 account of death, injury o- damages resulting from ASSIGNEE'S use 70 of said easemcirits. 71 71 FURTHERMORE, it is understood that, if ASSIGNEE ever wishes to 73 abandon any or all of said easements, ASSTGNE;E agrees xo prepare 74 and execute the necessary documents to complete reversion thereof 75 to (.:;3IGN0R. 76 77 ASSIGNEE, by arc~-ptance of this assignment, agrees to keep, perform, 78 and fulfill all terms, covenants, conditions and obligations 19 required to be kept, performed .end fulfilled by ASSIGNOR with 80 respect to the easements hereby assigned. !31 TA 82 EXECUTED this , -___.day of --MA.(--------- > 1983. 83 84 CITY OF DENTON, TEXAS 85 8 1,47 6 By es 89 90 91 TEXAS MUNICIPAL POWER AGENCY 92 93 94 BY--=`y~ - 95 96 97 ATTEST: 98 • 99 APPROVED 100 101 (f~4( SEAy~''~S j PAGE i HEWLETT-PACKARD 32201A.7.12 EDIT13000 WED,*PR b, 1983, 11:00 AM (C) 1 1 T-1502-02 EXHIBIT "A" #e2 3 4 ASSIGNMENT of a portion of the Right-of-Way acquires by Texas 5 Municipal Power Agency from Willard L. Feucht, et ux, and b recorded in Volume 1132, Page 923, Denton County Records. 7 8 The westernmost 15.0 foot wide strip of said Right-of-Way, more 9 particularly described as follows: 10 11 bEGINNIF'G at a point on the south line of said Right-of-Way, 12 said point being South 89 53' 45" West 22.51 feet, More or 13 less, from the centerline point of entry of said Right-ot-Way; 14 15 THENCE North 01 45' 38" West 29.33 feet, more or less; 16 17 THENCE North 41 13' 42" West 892.99 feet, more or less; 18 ~ 19 THENCE North 01 49' 49" East 540.99 feet, more or less; 20 21 THENCE North 01 03' 10" East 924.60 feet, more or leas; 22 _ 23 THENCE North 01 02' 05" West 512.13 feet, more or less to 24 a point on the north line of said Right-of-Way, said point 25 being South 89 .38' 47" West 22.50 feet, more or less, from ,-126 the centerline point of exit of said Right-of-Way; 27 28 THENCE with the north line of said Right-of-Way South 89 301 47"- 29 West 15.00 feet, more or less, to the northwest r.orner of said 30 Right-of-Way; 31 32 THENCE with the west line of said Right-of-Way as follows: 33 South 01 02' 05" East 512.03 feet, more or less; 34 South 01 03' 10" West 924.2 feet, more or less; 35 South 01 49' 49" West 546.81 feet, more or less; 36 South 41 13' 42" East 893.52 feet, more or less; 37 South 01 45' 38" East '23.51 iaet, more or less to the 38 southwest corner of said Right-of-Way; 39 40 THENCE with the south line of said <~.ght-of-Way North 89 53" 45" 41 East 15.01 feet, more or less, to t- ..ace of beginning. 42 43 CONTAINING 1.00 acres of land, more or less, 44 45 I tp ' it r u ! SK.r3 ~ I r z ! 412.27' r < W i lu ~9tS.li yr ~ ~ ~4~ all 0 r WYlelt PRaPSRn/ f, d, OF 75' WIoF < j R/w PGR VOL. +J32~ 94.923. } r - ! i i S32.17r + Au,WMfNT eo !!ME ' \ ~ 893.52 pgt,44~ • ~ ! ' r 1L13, r 21.J/~ i , UO / PAGE-1 HEWLETT-PACKARr32201A.7.12 EDIT/3000 WELT APR 6, 1983, 11:01 AM (C) 1 T-1502-D3 EXHIBIT "B'' 2 - 3 4 ASSIGNMENT of a portion of the Right-of-Way acquired by Texas 5 Municipal Power Agency from Malcolm M. Long, et vx, and 6 recorded in Volume 1t31, Page 229, Denton County Records. 7 8 The westernmost 15.0 foot wide strip of said Right-of-Way, more 9 particularly described as follows: 10 11 BEGINNING at a point on 'he south line or said Right-of-Way,. 12 said paint being South G9 38' 47" West 22.50 feet, more or 13 less, from the centerline ;joint of entry of said Right-of-Way) 14 15, THENCE North 01 02' 05" :Jest 1,852.60 feet, more or less to 16 a point on the north ling of said Right-of-Way, said point 17 being North 89 14' 10" West 22,51 feet, more or less, from 18 the centerline point of exit of said Right-of-Way; 19 20 THENCE with the north 1~.~.ne of said Right-of-Way North 89 14' 10" 21 West 15.01 feet, more or• less, to the northwest corner of said 22 Right-of-Way; 23 24 THENCE with the west line of said Right-o.-Way South 01 02, 05" East 25 1,852.89 feet, more or less, to the southwest corner of said Right- 26 of-Way) • 27 28 THENCE with the south line of said Right-of-Way North 89 38' 47" 29 east 15.00 feet, more or less, to the place of beginning. 30 31 CONTAINING 0.68 acre of land, more or less. 32 33 r I 1 N 0~ Z w u1 . < 3 lov n ~ 00 • a N ~ Ay o o aN n 0\ ~ ~ w PI p ~y t=i ti k ~O A .a r c ' m D 2 Q 0 0, (o// ijORES /N /PSS/4/VAIeA/T 3 J9 ACRES IN EASEMENT" --dol. 1131, Y',• ZZ9 BEARINGS ARE BASED ON THE TEXAS PLANE COORDINATE SYSTEM DATE ACTIVITY NO. BY 10.15.81 ORIGINAL ISSUE / z ~o•rne~ erv1xEo 2- 1 re WA ~/-1-d3 ASS/4N6D /S" 7a DENYon/ 3 4S TEXAS MUNICIPAL POWER AGENCY SERVING THE CiTIESOF SCALE 10-400=0 W BRYAN. DENTON. GARLAND • GREENVILLE DRAWING NUMBEI; w hfjjLCOLM M•LONO ETUX V/wA,v R. 96 AC.) r_IS 02 -D3 c . am w. w f_ ( 1 PAGE 1 HEWLETT-PACKARD*2201A.7.12 EDIT/3000 WED WAPR 6, 1983, 11:01 AM (C) ] T-1502-DS EXHIBIT "C" 2 3 4 ASSIGNMENT of a portion of the Right-of-Way acquired by Texas 5 Municipal Power Agency from Fort Worth National Sank, Trustee, and 6 recorded in Volume 116?, Page 966, Denton County Records. 7 8 The westernmost 15.0 foot wide strip of said Right-of-Way, more 9 particularly described as follows: 10 11 SOUTH PORTION 12 13 14 BEGINNING at a point un the souta line of said Right-of-Way, 15 said point being North 87 14' 111 West 22151 feet, more or 16 less, from the centerline point o,' entry of said Right-of-Way; 17 18 THENCE North 01 02' 05" West 680.22 feet, more :r lessj 19 20 THENCE North 01 41' 36" West 579.46 feet, more or less; 21 22 THENCE North 20 09' 18" East 1,909.09 feet, mo^e or less to 23 a point on the north line of said Right-of-Way, said point 24 being South 09 03' 00" West 24.12 feet, more or less, from 25 the centerline point of exit of said Right-of-Way; 26 -17 THENCE with the north line of said Right-of-Way South 09 03' 0011 ,3 West 16.08 feet, more or less, to the northwest corner of said 29 Right-of-Way; 30 31 THENCE with the west line of said Right-of-Way as follows: 32 South 20 09' 18" West 1,906,19 feet, more or less; 33 South 01 41' 36" East 582.27 feet, more or less; 34 South 01 02' 05" East 679.67 feet.. more or less to the 35 southwest corner of said Right--of-Way; 36 37 THENCE with the south line of said Right-of-Way South 89 14' 10" 38 East 15.01 feet, more or less, to the place of beginning, th s 39 portion containing 1.091 acres of land, more or less. 40 41 SAVE AN11 EXCEPT the 0.087 acre portion within the above described 42 assignment located within a portion of the 1.33 acre tract 43 acquired by the City of Dentin from Fort Worth National Bank, 44 Trustee, and recorded in Volume 1185, Page 999, Denton County 45 Recoras, being the northern 254.01 feet the•eof. 46 47 CONTAINING 1,004 acres of land, more or less. Q 49 NORTH PORTION 50 51 2 BEGINNING at a point on the south line of said Right-of-Way, 53 said point being South 89 C3' 00" Wesr 24.12 Beet, mare or 54 less, from-the centerline point of entry of said Right-of-Way; 55 56 THENCE-North 20 09' 18" East .9101 feet, more or les•sj 57 PAGE-2 HEWLETT-PACKARD 32201A.7.12 EDIT/3000 WEll~ APR 6, 191131 11;01 AM (C 58 THENCE North 01 12' 26" East 2,944,OJ feet, more or less to 5y a point on the north line of said Rigtzt-of-Way, said point 60 being North 88 33' 07" West ':2.50 feet; more or less, from 61 the centerline point of exit of said Right-of-Way; 62 63 THENCE with the north line of said Right-of-Way North 88 33' 07" 64 West 15,00 feet, more or less, to the northwest corner of said 65 Right-of-Way; 66 67 THENCE with the west line of said Right-of-Way as followsi 68 South 01 12' 26" West 2,941,56 feet, more or less; 69 South 20 79' 18" West 62.30 feet, more or less to the 70 southwest corner of said Right-of-Way; 71 72' THENCE with the south line o,' said Right-of--W;,y South 85 43' 30" 77 East 16,08 feet, more or less, to the place of beginning. 74 75 CONTAINI14G 1.034 acres of land, more or less. 76 A lap + %in I:r f CITY of 1393 Ic, :j1A 0 Ds>uTaN a `y r 04 N / # ° 11 LA 1 u w . 2s'1t'l~ t e E 3`= ~ I V,,. liaw4. -15o4-DS(04) JFK I t ti q `Fu 1.3J4a 4.y t ° ~ ! 1~ O1 D!a/~QiJ 1393+ ° Ucc y /91d V 0.. co j i A } q0 i ' 1 '/J Ti,1s ~wq, V % c I +p I~ j rEd/+ ~ II IIIi ~ ./1/''►i tllll r ~ i ! WHa~c PROPERTY 3, ip OP ?S' wiDE I 'R/Y! PER Vel, Ilf.'3 P4;.444 Lcss 1-33 At PE0. VOL. (ISS) 3'Ti.99 I ! Nt I lit 41 k t. c?~ X02 c 10 14 V V Ir ' v I E .00 ....._.._.__.~_..__._~'VAW7 _ ^11590, -.i' • + ~ ~""r ' , 12.5 ~ 'N : ~ ~ W ' z9v7' s+vy. Ws~ I.31Ae. Ci>r tr343'r 'r~ ' . ~ eP •D UYIT4 V ' i /x''•'19/3' Dw4, T-l5o2•DS(S) ~ •l nYMO~t •stop FRTv Q d. of 75' w/Df ~ x/w PIP voL.1163, Py.966 %-is s 1.33 fc. PER VOI. 1165 P4. 999. , I_, ; n t a • N' it t ` ' v f I 1 1 • t -tr 17~t ' f ^ S9.or' 1154108' + t~ r fe2.3o OW ` CiT eF I r- ~ pt►7•TON Yf4.ot 24.1E 1. 1 - :uvo a~aNKa :ruNrra :osrronau , ~ 1 PAGE 1 HEWLETT-PACKARD"~2201A.7.12 EDIT/3090 WED,kPR b, 19133, 11;01 AM (C) 1 T-1502-D41 EXHIBIT "D" •2 03 4 ASSIGNMENT of a portion f,f the Right-of-Way acquired by Texas 5 Municipal Power Agency from Maries Hampton, and recorded in b Volume 1137, Page 200, Denton County Records. 7 8 The westernmost 15.0 fool wide strip of said Right-of-Way, more 9 particularly described as follows; 10 11 BEGINNING at a point on the south line of said Right-of-Uay, 12 said point being North 88 33' 07" West 22.50 feet, more or 13 Less, from the centerline point of entry of said Right-of-Way; 14 15 THENCE North 01 12' 26" East 814.51 feet, more or less to 16 a point on the north line of said Right-of-Way, said point 17 being North 87 40' 45" West 22.50 feet, more or less, from 18 the centerline point of exit of said Right-of-Way; 19 20 THENCE with th,i north line of said Right-of-Way North 87 40' 45" 21 West 15.00 feet, more or less, to the northwest corner of said 22 Right-of-Way; 23 24 THENCE with the west line of said Fight-of-Way South 01 12' 26" West 25 814.74 feet, more or less, to the southwest corner of said Right-of- 2b Way; .7 Z18 THENCE with the south line of said Right-of-Way South 88 33' 07" 29 East 15.00 feet, more or less, to the place of beginning. 30 31 CONTAINING 0.280 acre of land, more or less. 32 33 22, so' UJI o r,Pulrr oo'~LF U.S. XW Y N° 380 14, w uj ~n Z ~ a fORr woRrN NATIONAL BANK rft~TEE /s, oo',: ' z2.so z a . o 0.28 ACRES IM .4s514NMENI' 7V 11EN7oN 0.98ACRES IN EASEMENT' 1'137/2.00 BEARINGS ARE BA3EDONTHE TEXAS PLANE COORDINATE SYSTEM DATE _ ACTIVITY NO. BY 1015.81 _ ORIGINAL ISSUE ! ,6! ~l~Sr'3 ti~~~S 16lJM6+~3'P ~ ES TEXAS MUNICIPAL POWER AGENCY SERVING TI4ECITIES OF SCALE I'-300-0" BRYAN • 0ENTON. GARLAND • GREENVILLE z w ft, .Y MARIES NfMPrON (24AC.) DRAWING NUMBER 0 T-1502 - D41 FADE 1 :HEWLETT-PACKARL, 6201A.7.12 EDIT/3000 WED; '3R 13y 1983, 4:38 PM (C) FI 1 T-1502-D42 EXHIBIT "E" 3 4 ASSIGNMENT of a portion of the Right-of-Way acquired Iiy Texas 5 Municipal Piwer Agency from Truitt Doyle and Joe Abbott, 6 and recorded in Volume 1133, Page 865, Denton County Reccrds. 7 8 The westernmost 15.0 foot wide strip of said Right-o{--Way, being 9 the southernmost 50.0 feet thereof, more particularly described 10 as follows: it 12 BEGINNING at a point on the south line of said Right-of-Way, 13 said point being North 87 31' 38" West 2?.50 feet, more or 14 less, from the centerline point of entry of said Right-of-Way; 15 16 THENCE North 01 12' 26" East 50.00 feet, more or less; 17 1B THENCE North 87 31' 38" West 15.00'feet, more or less, to the west 19 line of said Right-of-Way; 20 21 THENCE with the west line of said Right-of-Way South 01 12' 26" West 22 50.00 feet, more or less, to the southwest corner of said Right-of- ' 23 Way; 2 2'S THENCE with the south line of s;id Right-of-Way South 87 31' 38" 26 East 15.00 feet, more Lr less, to the place of beginning. 27 28 CONTAINING 0.017 acre of land, more or less. 27 30 ` /YI/LDRFD BERN/CE SM/f, I~I II /S c • v w a I I • w iV w 22,5' / . a S0, 5SAPIMEA/r (SyfIDED ALGA):'. b.S.HW V N° 380 MAR/ES HAMMY 0,02AIClRE-s /MASS/4AIMENr 1.61ACRES /NEASEM£NT VOL. 1133, pC, $~u5 BEARINIiS ARE BASEDON THE TEXAS PLANE COORDINATE SYSTEM DATE ACTIVITY NO. BY 10.1581 ORIGINAL. ISSUE / bA. 4-i-83 S,S[GrN6D ~o o D5137onf 2 5 TEXAS MUNICIPAL POWER AGENCY ScAcE ~'E z0o=0' SERVING THE CITIES OF BRYAN.DENTON•GARLAND -GREENVILLE A SI0N~ ~ZR w % A,` TRUITT DOYLE ~t (/6,9SGAC, A CONTRACT AGRFMENT 83d # 9138 STATE OF TEXAS COUNTY OF DENTON THIS AGREEMENT, made and entered into this 11 day of May _ A.D., 19 83 , by and between The City of Denton, 215 E. McKinney, Denton, Texas of the County of Denton and State of Texas, acting through G. Chris Hartung, City Manager thereunto duly authorized so to do, Party of the First Part, hereinafter termed the OWNER, and Dickerson Construction Company, P.O. Box 181 and Lewis D. Dickerson, Individually of the City of Celina , County of _ Fannin and state of Texas , Party of the Second Part, hereinafter termed CONTRACTOR. WITNESSETH: That for and in consideration of the payments and agreements hereinafter mentioned, to be made and performed by the Party r,f the First part (OWNER), and under the conditions expressed in the bonds bearing even date herewith, the said Party of the Second Part (CONTRACTOR) hereby agrees with the said Party of the First Part (OWNER) to commence and complete the construction of certain improvements described as follows: Bid #9138 Purchase Order #58171, Ranch Estates Sewer Line Project and all extra work in connection therewith, under the terms as stated in the General Conditions of the agreement; and at his (or their) own proper cost and expense to furnish all materials, supplies, machinery, equipment, tools, superintendence, labor, insurance, and other accessories and services necessary to complete the said construction, in accordance with the conditions and prices stated in the Proposal attached hereto, and in accordance with all the General Conditions of the Agreement, the Special Conditions, the Notice to Bidders (Advertisement for Bids), Instructions to Bidders, and the Performance and Payment Bonds, all attached hereto, and ft accordance with the plans, which includes all maps, plats, blueprints, and other drawings and printed or CA-1 0044b written explanatory matter thereof, and the Specifications therefore, as prepared by the City of Denton, Public Works/En4i,seering Division and _ Utility Department all of which are made a part hereof and collectively evidence and constitute the entire contract. The CONTRACTOR hereby agrees to commence work on or after the date established for the start of work as set forth in written notice to commence work and complete all work within the time stated in the Proposal, subject to such extensions of time as are provided by the General and Special Conditions. The OWNER agrees to pad the CONTRACTOR in current funds the price or prices shown in the Proposal, which forms a part of this contract, such payments to be subject to the General and Special Conditions of the Contract. ! IN WITNESS WHEREOF, the parties of these presents have executed this agreement in the year and day first above written. ATTEST. I Litv of Denton Texas Part of he r Part, 0 ER By G. Chris Hartung City manager lk (SEAL) ATTEST: i i Dickerson Construction Co. Party of t Se Part, CONTRACTOR By Title President Lewis D. Dickersor.-President i WI By APPR VED AS TO FO fixn s D. Dickerson, Individually t torney CA-2 0044b Bid #9138 PERFORMANCE BOND SATE OF TEXAS COUNTY OF Lk' ton KNOW ALL MEN BY THESE PRESENTS: That Dickerson Construction Cimpany, Inc. and Lewis D.1?ickerson, Individually of the City of Celina County of Fannin , and State of Texas as PRINCIPAL, and Fidelity and Deposit Canpany of Maryland as SURETY, authorized under the laws of the State of Texas to act as surety on bonds for principals, are held and firmly bound unto the _ The City of Denton, Texas as OWNER, in the penal sum of Two hundred eighteen thousand four hundred seventy- seven and 25/100 Dollars 218,477 25 ) for the payment whereof, the said Principal and Surety bind themselves and their heirs, administrat'ars, executors, successors and assigns, jointly and severally, by these presents: WHEREAS, the Principal has entered into a certain written contract with the OWNER, dated the llthday of May , 1983, for the construction of Sid #9138, Purchase Order #58171, Ranch Estates Sewer Line Project Construction and Material which contract is hereby referred to and made a dpart hereof as fullf and to the same extent as if copied at length herein. NOW, THEREFORE, the condition of this obligation is such, that if the said pritcipal shall faithfully perform said Contract and shall in all respects, conditious and agreements in and by said contract agreed and covenanted by the Principal to be observed and performed, and according to the true intent and meaning of said Contract and the Plans and Specification hereto annexed, then this obligation shall be void: otherwise to remain in null force and effect; PB-1 PROVIDED, HOWEVER, that this bond is executed pursuant to the provisions of Article 5160 of the Revised Civil Statutes of Texas as amended by acts of the 56th Legislature, Regular Session, 1959, and all liabilities on this bond shall be determined in accordance with the provisions of said Article to the same extent as if it were copied at length herein. PROVIDED FURTHER, that if any legal action be filed upon this bond, venue shall lie in Denton County, State of Texas. Surety, for value received, stipulates and agrees that no change, ectension of time, alteration or addition to the terms of the contract, or to the work performed thereunder, or the plans, specifications, or drawings accompanying the same, shall in anywise affect its obligation on this bon , and it does hereby waive notice of any such change, F-tension of time, alteration or addition to the terms of the contract, or to the work to be performed thereunder. IN WITNESS WHEREOF, the said Principal and Surety have signed and sealed this instt'went this 23rd, day of May , 19 83-- Dickerson Construct o Ccrpany, Inc. and Lewis D. Dickersoni Individually Fidelity and Deposit Cagpay of Maryland Principal Surety By a'te, s D. Dickerson Edward L. Moore, Jr. Title President Title Attorney-in Fact Address P. 0_ Box 181 Address 1222 First City National Bank Bldg. Celina, TX. 75809 Houston, Tx. 77002 Lewis D. Dickerson, Individually (SEAL) (SEAL) The name and address of the Resident Agent of Surety Is: Texas-Fore Associates, Inc. 1222 First City National Bank Bldg. Houston, Texas 77002 _ NOTE: Date of Bond must not be prior to date of Contract. PB-2 0091b Bid #9138 PAYMENT BOND STATE OF TEXAS COUNTY OF Denton DickersY;ji Consttuction Ccmpany, Inc. KNOW ALL MEN BY THESE PRESENTS: That and Lewis D. Dickerson, Individually of the City of Celina County of Fannin , and State of Tp-xas_-_, as principal, and Fidelity and Deposit Canary of Maryland authorized under the laws of the State of Texas to act as surety on bonds for principals, are held and firmly bound unto The City of Denton, Texas OWNER, in the penal sum of two hundred PiVhtp-pn fhQuSand four hundred seventy-seven and 25/100 Dollars 21SO477.25 _ ) for the payment whereof, the said Principal and Surety bind themselves and their heirs, administrators, executors, successors and assigns, jointly and severally, by thes presents: WHEREAS, the Principal has entered into a certain written contract with the Owner, dated the llth.day of Llay 1983 of Bid #9138, purchase order #58171, Ranch Estates Sewer Line Project Construction and Material to which contract is hereby referred to and made a part hereof as fully and to the same extent as if copied at length herein. NOW, THEREFORE, THE CONDITION OF THIS OBLIGATION IS SUCH, that if the said Principal shall pay all claimants supplying labor and material to him or a subcontractor in the prosection of the work provided for in said contract, then this obligation shall be void, otherwise to remain in full force and effect; PROVIDED, HOWEVFF, that this bond is executed pursuant to the provisions of Article 5160 of the revised Civil Statutes of Texas as amended by the acts of the 56th Legislature, Regular Session, 1959, and all liabilities on this bond shall be determined in accordance with the provisions of said Article to the same exte:tt as if it were copied at length herein. PB-3 Surety, for value received, stipulates and agrees that no change, extension of time, alteration or addition to the terms of the contract, or to the work performed thereunder, or the plans, specifications or drawings accompanying the same, shall in anywise affect its obligation on this bond, and it does hereby waive notice of any such change, extension of time, alteration or addition to the terms of the contract, or to the work to be performed thereunder. IN WITHNESS FIHEREOF, the said Principal and Surety havv- signed and sealed this instrument this 23pi,day of May , 19 YL-. Dickerson Construction Company, Inc. w3 Lewis D. Dickerson, Irrliy-dually i li and _Deposit O o"y of Maryland Principal Surety 4~ - By--1,., Lewis D. Dickerson Edward L. Moore, Jr.V Title President _ Title Attorney-in Fact Address P. O. Box 181 Address 1222 FirstCity National Bank Bldg. Celina, Texas 75809 _ Houston, `rtxcis 77002 By - L& IS D. ickerson, Individually (SEAL) (SEAL) i The name and address of the Resident Agent of Surety is: Texas-Fore Associates, Inc. 1222 First City National Bank Bldg., Houston, Texas 77002 PB-4 0092b i Bid #9138 iAINTENANCE BOND STATE OF TEXAS Y COUNTY OF Denton KNOW ALL MEN BY TH7.iE PRESENTS: Dickerson Construction Carpany, Inc. and THAT irwis D_ Dickerson, Individually as Principal, and-Fidelity aril De sit OmT)any Qf Maryland a Corporation authorized to do business in the State of Texas, as surety, do - hereby acknowledge themselves t, be held and bound to pay unto the City of Denton, a municipal corporation of the State of Texas, its successors and assigns, at Denton, Denton County, Texas, the sum of Twenty one thousand eight hundred fourty seven and 00/100 dollars 2 L 847.00 10% of the total amount of the contract for the payment of which sum said principal and surety do hereby bind themselves, their successors and assigns, jointly and severally. This obligation is conditioned, however, that: Dickerson Construction Corpany, Inc. and 'WHEREAS, said Lewis D. Dickerson, Individually has this day entered into a written contract with the said City of Denton to build and construct Bid #9138, Purchase once- #58171, Ranch Estates Sewer Line Project Construction and Material which contract and the plans and specifications therein mentioned, adopted by the City of Denton, are filed with the City Secretary of said City and are hereby expressly incorporated herein by reference and made a part hereof as though the same were written and set out in full herein, and WHEREAS, under the said plans, specifications, and contract, it is provided that the Contractor will maintain and keep in good repair the work therein contracted to be done and performed for a period of one (1) year from the date of acceptance thereof and do all necessary backfilling that may become necessary in connection therewith and do all necessary work toward the repair of any defective condition growing out of or arising from the improper con- struction of the improvements contemplated by said Contractor on constructing the same or on account of improper excavation or backfilling, it being under- stood that the parpose of this section is to cover all defective conditions arising by reason of defective materials, work, or labor performed by said Contractor, and in case the said Contractor shall fail to repair, reconstruct or maintain said improvements it is agreed that the City may do said work in accordance with said contract and supply such materials and charge the same against the said Contractor and its surety on this obligation, and said Con- tractor and surety shall be subject to the damages in said contract for each day's failure on the part of said Contractor to comply with the terms and provisions of said contract and this bond. (0093b) MB-1 i i NOW, THEREFORE, If the said Contractor shall perform its agreement to maintain said construction and keep same in repair for the maintenance period of one (1) year, as herein and said contract provided, then these presents shall be null and void and have no further effect; otherwise, to remain in full force and effect. It is further agreed that this obligation shall be continuing one against the Principal and Surety and that successive recoveries may be had hereon for successive breaches of the conditions herein provided until the full amount of this bond shall have been exhausted, and it is further under- stood that the obligation to maintain said work shall continue throughout said maintenance period, and the same shall not be changed, diminished, or in any manner affected from any cause during said time. _ j Dickerson Construction Canpany, Inc, and IN WITNESS WHEREOF the said Lewis D. Dickerson, Individually as Contractor and Principal, has caused these presents to be executed byDickerson Construction Co., Inc, and Lewis D. Dickerson, and the said Fidelity and Deposit Crnpany of Maryland individually as surety, has caused these presents to be executed by its Attorney-in-fact Edsord L. Moore. Jr, and the said Attorney-in-fact has here- unto set his hand this the 23rd. day of May 14 83 SURETY: PRINCIPAL: Dickerson ODnstruction Catparry, Inc. ridell ty and Deposit Carnx:n~ of Maryland and Lewis. Di n, Individually BY: BY: Ddward L. Moore, Jr. Lewis D. D'cker n, President Attorney-in-fact BY: Lewis D. Dickerson, Individually i 1 E MB-2 E f r' FIDELITY AND DEPOSIT COMPANY OF MARYLAND FIDELITY AND DEPOSIT COMPANY HOME OFFICES: BALTIMORE, MD. 21203 POWER OF ATTOI NEY KNow ALL AIEV BY TIIFSE RESENTS: That the FIDELITY AND DEPOSIT COMPANY OF AIAkRYLAND, and the FIDELITY AND DEPOSIT Co%ipASY, corporations of the State of Maryland, by C. M. FF;'OT, JR. . Vice-President, and C. W. ROBBINS , Assistant Secretary, in pursuance of authority granted by Article Vl, Section 2 of the respective Tay-Laws of said Companies, which are set forth on the reverse side her ;of and are hereby certified to be in full force and effect cn the date hereof do hereby nomin. te, consti- tute and appoint William S. FYice, Eiward L. MDorer Jr., Leah E Pit#z-ntall of H j_atcn/ Texas, EACH 'The true and lawful agent and Attorney-in•I'act of each, to make, execute, seal and deliver, for, and on its behalf as surety, and as its act and deed: any and all bonds and u__ lettsskirge... EXCEPT bende on behalf of lndependeni. Executors, Comm.nity &jxylrots and C.,=-;nify G-_;ar3len__, nd the executic a of such bonds or undertakings in pursuance of these presents, shall be as binding '.spon said Companies, as fully and amply, to all intents and purposes, as if they had been duly executed and acknowl- edged by the regularly elected officers of the respective Companies at their cffices in Baltimore, AM,, in their own proper t,ersors. This power of attorney revokes that issued on Iehal i : William S. Price, etal, by the Fidelity and Depoeit Company of Maryland, dated March 1981, IN WITNESS WHEREOF, the said Vice-Presidents and Assistant Secretaries have hereunto subscribed their names and affixed the Corporate Seals of the said FIDELITY AND DEPOSIT C03IPANY OF MARYLAND and the FIDELITY AND DEPOSIT COMPANY this.................. 4th ...........................day OL............._.NQV~~f2.r...,......... A.D. 19_$1.... ATTEST: FIDELITY AND DEPOSIT COAIP.~\7 F MARYLAND SEAL C.. Pfrlt-ll t Lt C! B 0 .GGIf~ v Assistasl Serrefary irt-Prtsidter FIDELITY AND DE `IT COJIPANY SEl Asriska! Srrrelary I'irs•Presidtnt STATE OF MARYLAND ~ SS: CITY OF BALTIMORE On this 4th da}• of November A.D. 1981 , before the subscriber, a Notary Public of the State of Maryland, in and for the City of Baltimore, duly commissioned and qualified, came the above-named Vice-Presidents and Assistant Secretaries of the FIDELITY AND DEPOSIT CO NI PA N Y OF AIA RYl.1 N D and the FIDELITY AND DE POS IT COAI PANY, tome personally known to be the individuals and officers described herein and who executed the preceding instrument, and they each acknowledged the execution of the same and being by me duly sworn, severally and each for himself deposeth and saith, that they are the said officers of the Companies aforesaid, and that the seals affixed to the preceding instrument are the Corporate Seals of said Companies, and that the s.•ud Corporate Seals and their signatures as such officers were duly affixed and subscribed to the said instrument by the authority and direction of the said Corporations. IN TESTIMONY WHEREOF, I have hereunto act my hand and affixed my Official Sea' at the C ty of B timorethe day ar,d year first above written. Q~ly commission expires- J_aly- 1y.,1QF2... CERTIFICATE I, t he undersiggn~ed Assistant Secretary of the FIDELITY AND DEPOSIT COMPANY OF M ARYLA N D and the F I DE LI I Y AND DEPOSIT COMPANY do hereby certify that the or,rinal Power of Attorney of which the foregoing is a full, true and correct copy, is in fill force and effect on the date of this certificate; and I do further certify that the Vice-Presidents who executed the said Power of Attorney were Vice-Presidents specially authorized by the Boards of Directors to appoint any Attorney-in-Fact as pro- xided in Article % f Section 2 of the respective By-Laws of the FIDELITY AND DEPOSIT COMPANY OF MARYLAND and the FIDELITY A&D DEPOSIT COMPANY. This certificate may be signed by facsimile under and by authorityy of resolutions of the Board of Directors of the FIDEL17Y AND DEPOSIT COMPANY OF MARYLAND at a meeting duly called and held on the 16th day of Jul , 1969 and of the Board of Directors of the F) DELITY AND DEPOSIT COMPANY at a meeting duly called and held on the 2ndyday c, :vcyemix~, 1978. RESOLVED: "That the facsimile or mechanically reproduced signature of any Assistant Secretary of the Company, whether made heretofore or hereafter, whenever appearing upon a certified copy of any power of attorney issued by the Company, shall be valid and binding upon the Company with the same force and effect as !Sough manually affixed." IN TESTIMONY WHEREOF, 1 have hereunto subscribed my name and affixed the corporate seals of the said Companies, this_..-__._L _-_-day of_jy___-_Y. 19 83 . u419(rx)-cd. 3oo, a-aI 213Ms -870 -0896 - --~---mar suretarr - FOR YOUR PROTECTION LOOK FORT HE F&-'D \VNI'ERMi%RK EXTRACT FROM BY-LAWS OF FIDELITY AND DEPOSIT CC,MPANY OF MARYLAND "Articlt VI, Section 2. The President,or any Executive %iice-Presidents, or any of the Senior Vice-Presidents or Vitt-Presidents specially authorized so to do by the Board of Directorsor by the Executive Committee, shall have poser, by and with the concurr- ence of the Secretary or any one of Assistant Secretaries, to appoint Resident Vice-Presidents, Assn tant Vice-Presidents, and At- tormes-in-Fact as the business of the Company may require, or to authorize any person or perms to execute on behalf of the Company cny bonds, undertakings, recognizances, stipulations, policies, contracts, agreements, lads, and releases and assignments of judgments, decrees, mortgages and instruments in the nature ct mortgages, and alsoall other instruments and documents which the business of the Company may require, and to affix the seal of the Corupany thereto." EXTRACT FROM BY-LAWS OF FIDELITY AND DEPOSIT COMPANY "Artkk VI, Section 2. The PresideLt, or anyone of the Executive % ict-Pi esidents, or any one of the additional Vice-Presidents specially authorized so to do by the Board of Directors or by the Executive Committee, shall have power, by and with the eon- surrence of the Secretary or any one of the Assistant Secretaries, to appoint Resident Vke-Presidents, Assistant Vke-Presidents, Resident Assistant Secretaries and Attorne)*4n-Fact as the business of the Co..rparv may require, or to authorise any person or per- sons to execute on behalf of the Company any bonds, andertakLngs, rec gnizances, stipulations, policies, contracts, agreements, deeds, and releases and anignrients of judgments, decrees, mortgages and instruments in the nature of mortgages, and also afl other in- struments and docume its which the business of the Company may require, and to affix the seal of the Company thereto." r ' BID 9 18 8 PROPOSAL TO THE CITY OF DENTON, TEXAS For the Construction of Ranch Estates Setirerlines IN DENTON, TEXAS The undersigned, as bidder, declares that the only person or parties interested in this proposal as principals are those named herein, that this proposal is made without collusion with any other perso,i, firm or corporation; that he has carefully examined the form of contract, Notice to Bidders, specifications and the plans therein referred to, and has carefully examined the locations, conditions, and classes of materials of the proposed work and agrees that he will provide all the necessary labor, machinery, tools, apparatus, and other item:i incidental to construction, and will do all the work and furnish all the materials called for in the contract and specifications in the manner prescribed therein and according to the requirements of the City as therein set forth. It is understood that the following quantities of work to be done at unit prices are approximate only, and are intended principally to serve as a guide in evaluating bids. It is agreed that the quantities of work to be done at unit pricers and materiel to be furnished may be increased or diminished as may b-, considered necessary, in the opinion of the City, to complete the work fully as planned and contemplated, and that all quantities of work whether increased or decreased are to be performed at the unit prices set forth below except as provided for in the specifications. It is further agreed that lump sum prices may be increased to cover additional work ordered by the City, but not shown on the plans or required by the specifications, in accordance with the provisions to the General Conditions. Similarly, they may be decreased to cover deletion of work so ordered. P - 1 #9138 It ib understood and agreed that the work is to be completed in full within one hundred (120) working days. % Accompanying this proposal is a certified or cashier's check or did Bond, payable to the Owner, in the amount of five percent of the total bid. It is understood that the bid security accompanying this proposal shall be returned to the bidder, unless in case of the acceptance of the proposal, the bidder shall fail to execute a contract and file a performance bond and a payment bond within fifteen days after its acceptance, in which case the bid security shall become the property of the Owner, and shall be considered as payment for damages due to delay and other inconveniences suffered by the Owner on account of such failure of the bidder. It is understood that the Owner reserves the right to reject any and all bids. The undersigned hereby proposes and agrees to perform all work of whatever nature required, in strict accordance with the plans and specifications, for the following sum or prices, to wit: r P - 2 SID P 9138 Ranch Estates Sewer Improvements Tabulation Sheet Bid Extention• Item Description Quantity Price Total S-1 8" PVC or Clay Tile Sewer Pipe S-lA Depth (01-61) 2677 L.F. 7/L.F. $ 18,734.° S-1B Depth (61-81) 3643 L.F. 8/L.F. ~9•i~~. S-1C Depth (31-101) 992 L.F. °1• /L.F. o: 3 ~ so• d S-11) • Depth (10'7121) ?SO L.F. 13.''- /L. F. S-lE Depth (121-141) 315 L.F. 1/L.F. S-2 10" PVC or Clay Tile Sewer Pipe o_ S-2A Depth (01-61) 70 L.F. 8 /L.F. J 77-r S-2B Depth (61-81) 4093 L.F. 9•'' /L.F. ;1,dGe,== S-2C Depth (81-101) 2270 L.F. 11.00 /L.F. S-21) Depth (101-12') 40 L.F. ii'.°' Goa.' /L.F. S-3A Concrete Manhole (4' ID) 30 Ea. Sso~ /Ea. ros S-3B Break into Existing Manhole 2 Ea. zoo/Ea. r, S-4 Sewer Cleanout 6 Ea. 2.so•°S/Ea. fs eoe. S-S 4" Sewer Service 60 Ea. 2 r°•"/Ea. S-6 6" Sewer Service S Ea. 3~0•13_/Ea. /7so• 104 Remove Concrete Sidewalks and Driveways 7S S.Y. 01.0= /S.Y. 340-C Asphalt Patch-Type D 250 Tons SO-**, /Ton 1 rod /C.Y. 421-A Replace Concrete Headwall 15 C.Y: 11 jr X87' 421-B Encasement-Sewer Line Pipe 5 C.Y. Y. 3?:. 465-A 12" R.C.P. - Class III 14 L.F. 30•°1/L.F. y2O'~ 465-B 15" R.C.P. - Class 111 81 L.F. ya•'"/L.F. 3~yo• BID ! 9138 Bid Extention Item Description Quantity Price Total 524A Concrete Driveway & Flatwork IDS S.Y. /S.Y. i.C7r• SP-2 Saw Cut Existing Concrete 110 L.E. .3 /L.F. 330 M SP-4 Adjust Existing Wattr Linos 3 Ea. J-00•/Ea. /soa•~" SP-5 Tree Removal Lrmp Sum Lump Sum 400u•._ SP-6 Channel Grading 40 Hrs. 17r," /Hr. 10oo• SP-7 Steel Hinging Fence 6S L.F. v o~s A. F. 31380•~ Total $ 21S~3?'7. Addendum 11 Received f Date ~/-/Y-83 _ I #9138 BID SUMMARY TOTAL BID PRICE IN WORDS g~_.O'fic roe a.es In the event of the award of a contract to the undersigned, the undersigned will furnish a performance bond and a payment bond for the full amount of the contract, to secure proper compliance with the terms and provisions of the contract, to insure and guarantee the work until final completion and acceptance, and to guarantee payment for all lawful claims for labor performed and materials furnished in the fulfillment of the contract. It is understood that the work proposed to be done shall be accepted, when fully completed and finished in accordance with the plans and specifications, to the satisfaction of the Engineer. The undersigned certifies that the bid prices contained in this proposal have been carefully checked and are submitted as correct and final. Unit and lump-sum prices as shown for each item 1A.=ted in this proposal, shall control over extensions. A ' / CONTRACT '0 BY 46LCC4 Address tG~`i~j► n3- S t a t e Seal & Authorization (If a Corporation) Telephone z1,2 ~r P - 5 DICKERSON CONSTRUCTION CO., INC. P. 0. BOX 181 - CELINA, TEXAS 75004 - (214) 382.2123 OR 382.2761 April 14, 1983 Purchasing Agent City of Denton 215 E. McKinney St. Denton, Texas Dear Sir: The attached bid proposal for Bid #9138 - Ranch Estate Sewer Line - is submitted with the following rock clause: Rock Clause - we bid $10.00 (ten dollars & no cents) d hid. per cubic yard for rock excavation. 3ic ~•/od - The above mentioned rock clause should be considered as a permanent attachment to our bid proposal for Bid #9138 for the Ranch Estate Sewer Line. Thank you for the opportunity to bid on this project. Sincerely, Lewis Dickerson, President DICKERSON CONSTRUCTION CO., INC. ADDENDUM Y1 ADDENDUM FOR RANCH ESTATES SANITARY SEWER APRIL 6, 1983 HID # 9138 No. 1 Relocation of the 10" sanitary sewer line on U.S. Highway 380. Move proposed 1U" sanitary sewer line 8' north of east and west property line, same being the north right-of-way line of U.S. Highway 3bO within a 16' utility easement. This will be done to prevent any contl.icts with tuture widening of the existing highway. In going so, there will be no contlict with existing headwalls and culverts. Any concrete retaining walls crossed will sill be replaced along w..th asphalt drives. No. k Ditch work on existing ditch trom U.S. Highway 380 to property line approximately at Sta 6 + 00 on ditch baseline. Approximately 550' of shaping and cutting of existing uitch to meet project Engineer's specitications. This being done to relieve flooding in lower areas surrounding ditch. Excess material taken out of the ditch will be used in creating banks and small retaining structures. Time estimates for job - 1 working week consisting of 5 - 8 hour days i 40 hours. Plans submitted should include prices for each of the following: 1. Kemoval of all trees - both lines - include all labor, equipment, and removal necessary to limits stated above. Lump bum Price ooo.'~ d 2. Grading - include all labor, equipment (price submitted should be lump sum for all equipment including multiple graders, backhoes, trucks, etc.) necessary - estimated - 40 hours 40 hours x $ /hr. ~ 000.°= ~ 6 3 #918 3., 65 L.F. of steel - swinging or hinging to bottom fence - to allow debris in ditch to pass under in large storm. All materials to be approved - first quality (steel tence) fabricated to hold stock in pasture but allow water and heavy debris out in crorms - along Highway 3$0/manhole J2. Bid Price to include all labor, equipment and materials shall be submitted at contract price per lineal foot of fence installed. Price Per Lineal Foot $ TD 40-42t -:9W. V7 This addendum covers the minimal specifications required for all of the above changes to the contract. If the contractor has any questions, these should be submitted betore the bid is handea in. Any item not cleared up in this method will be governed by material, labor and equipment specifications as deemed suitable by the City of Denton, City Engineer and Utility Department. o~ M #9138 CC216-EA$CMENTr Marton sta.VaM*rV Co., as . 1141 THE STATE OF TEXAS, KNOW ALL Al EN BY THESE PRESENTS: COUNTY Of' Denton DELD IECORDS THAT Jim Jezek and wife Tina Jezek 17584 of Denton County, Texas , in consideration of the sum of One dollar ($1.00) and no cents - - - - - and other good and valuable consideration in hand paid by the City of Denton, Texas receipt of which is hereby acknowledged, do by these presents grant, bargain, sell and convey unto to the City of Denton, Texas , tbs free and uninterrupted use, liberty and privilege of the passage in, along, upon and across th; following described property, owned by them . Situated in Denton County, Texas, in the T.M. Downing Survey, Abstract No. 346 All that certain lot, tract or parcel of land lying and being situated in the City and County of Denton, State of Texas, and being part of the T.M. Downing survey, Abst. No. 346, and being part of Lot No. 6, Block 4, of the Mack Addition, an addition to the City/County of Denton, and also being part of a tract of land as conveyed from George A. Strittmatter and wife Margaret Imogene Strittmatter to Jim Jezek by deed dated 8-7-79 and recorded in Volume 968, Page 217 of the Deed Records of Denton County, Texas, and more particularly descrived as follows: Beginning at the northwest corner of said Jezek tract said point lying in the east right-of-way line of Mulkey Lane, said point also lying 20 feet south of the north boundary line of lot 6 Block 4 of the Mack Addition; Thence east along the north boundary line of said Jezek tract a distance of lab feet to the northeast corner of said Jezek tract; Thence south along the east boundary line of ,aid Jezek tract a distance of 10 feet to a point for a corner; Thence west 10 feet south of and parallel with the north boundary line E`," of said Jezek tract a distance of 168 feet to a point for a corner in the west boundary line of said Jezek tract, same being east right-of-way line of Mulkey Lane; Thence north along sedd line a distance of 10 feet to the place of beginning and containing 1680 square feet of land mo.,:e or less. In addition to the 10 foot permanent casement as elescribed above, a con-; struction easement 10 feet in width is to be furnished. This easement shall be adjacent and parallel to the permanent easement and will lie on the south side of said permanent easement. This construction easement to be used for initial construction only. And it is further agreed that the ;aid City of Denton, Texas , in consideration of the benefits above set out, will remove from the property above described, such fences, buildings and other obstructions as may now be found upon sa:d property. For the purpose of construction, installing, repairing and perpetually main- taining drainage facilities in, along, upon and across said premises, with the right and privilege at all times of the grantee herein, his or its agents, employees, workmen and representatives having ingress, egress, and regress in, along upon and across said premises for the purpose of making additions to, improvements on anu repairs to the said drainage facilities or any part thereof, r. TO }l`AfOft~O HOLD unto the said City of D(--ion, Texas as aforesaid for the purposes aforesaid the premises above described. Witness our hands , this the Ili" day of Mwl , A.D. 19WS J Jeze T Tina Jezek xia. ar r n w ~r t Fo rr nr~r ,i +N rvM1 e r-r r.. '__~!7v~~ v;i~„v.~!¢..vao"f~v~~Tivfvu~u,!a,wut vu~~,~„v,l,a~„V ,V,!„~„vY,V,t,u,tt,1, ~:ti ~~r„v~ v~~v~ r,~~i~v~'r ACKNOWLEDGMLYT VOL 1416Pltfd, THE STATE OF TEXAS, VV COUNTY Gi' Denton OEFORE ME, the undersigned authority, on this day personally appeared Jim )e,zek and Tina Jezek known to me to be the persons whose names are subscribed to the foregoing instrument, a.'d acknowledged to me that they executed the some for the purposes and consideration therein expressed. (IN UNDER MY HAND AND SEAL OF OVFICRThis day of A.D. 19~j MT! 1,J1. 1{~S96Er ar Nota Public, In and for the tate of Texas. My Commission Expires..s1.\4`.V1 ACKNOWLEDGMENT THE STATE OF TEXAS, i COUNTY OF J BEFORE ME, the undersigned authority, on this day personally appeared known to me to be the person whose name subscribed to the foregoing instrument, and acknowledged to me that he. executed the game for the purposes and consideration therein expressed. GIVEN UNDER MY NAND AND SEAL OF OFFICE, This _ day of , A.D. 19... (L.S.) Notary Public, in and for the State of Texas. My Commissir.r Expires CORPORATION ACKNOWLEDGMENT THE STATE OF TEXAS, I BEFORE ME, the undersigned authority, COUNTY OF. _ J on this day personally appeared - . _-....._------._.......-___......._---------.-.----------.-.-.____-.-.---known to me to be the person and officer whose name is subscribed to the foregoing instrument and acknowledged to me that the same was the net of the said _ - - a corporation, and that he executed the same as the act of such corporation for the purposes and conalderstion therein expressed, and in the capacity therein stated. GIVEN UNDER MY HAND AND SEAL OF OFFICE, This ..-.---.-..-_.--.-.day A.D. 19 (LS.) Notary Public, in and for the State of Texas. - My Commission Expires CLERK'S CERTIFICATE THE STATE OF TEXAS, I, . , County . COUNTY OF - Clerk of the County Court of said County, do hereby certify that the foregoing instrument of writing dated on the day of , A D. 19. , with its Certifleate of Autkeptii;atioi,~ was tiled for r record in my office on the. day of , A. D. 19. at___,.. M., and duly recorded this day of A. D. 19 cop M., in the Records of said County, i ;V n ja~e~,.... _ r O S lsv 7~ WITNESS MY HAND AND SEAL OF THE COUNTY COURT of said C unt cc i I ^ g the day and year last abovelrif-Ij . n.`'~ y m County Clerk [ ..Sx~.. a °o Texas. ~ asg~ (L, S.) By. pp- S. ' a Neputy. Vitt ° i5 a i P6 ~i H ti a 1 7. 4-li •f a -371 A MAY 12 13 9 '9 n O f~i ~i O Qs i fL' i iii i v ii r_ a ro; N ^ j 1, r i ~JViT CtE~ f Ol ii.,: w ? \ U w W O 4`.~~ c Uw Q): d o E I m o N! b D. ~ i i F i r ~ C w, \ d tU R i, / i CC a M W h r.1 4- i o Q I i j ( E 4 v co;~ v ' .0 CC•216 -EASEMENT. M~A~n StaR~Ottery Co., pads THE STATE OF TEXAS, KNOW ALL'1tEN BY THESE PRESENTS: COUNTY 01• Denton I DEED RECORDS JS2 THAT Brownie Stonecipher and wife Wanda Faye Stonecipher of Denton County, Texas in consideration of the sum of One dollar ($1.00) and no cents - - - - - - - - - -and other good and valuable consideration in hand paid by the City of Denton, Texas receipt of which is hereby acknowledged, do by these presents grant, bargain, sell and convey unto to the City of Denton, Texas , the free and uninterrupted use, liberty and privilege of the passage in, along, upon and across the following described property, owned by them . Situated in Denton County, Texas, in the T.M. Downing Survey, Abstract No. 346 All that certain lot, tract or parcel of land lying and being situated in the City and County of Denton, State of Texas, and being part of the T.M. Downing survey, Abst. No, 346, and being part of Lot No. 5, Block 4, of the Mack Addition, an addition to the City/County of Denton, and also being part of a tract of land as conveyed from O.L. Owen and wife L4.1lie V. Owen to Brownie Stonecipher and wife Wanda Faye Stonecipher by deed dated 11-3-72 and recorded in Volume 658, Page 747 of the Deed Records of Denton County, Texas, and move particularly described as follows: Beginning at the southwest corner of said tract, said point lying in the north right-of- way line of Audra Lane; Thence north along the west boundary line of said tract, a distance of 50 feet to a point for a corner; Thence east a distance of 16 feet to a point for a corner; Thence south a distance of 35.57 feet to a point for a corner in the south boundary line of said tract, same being the north right-of-way line of Audra Lane; Thence south 470 57' 30" west along said line a distance of 21.54 feet to the place of .'.,beginning and containing 684.58 square feet of land more or less. And it is further agreed that the said City of Denton, Tt-:;as in consideration of the benefits above set out, will remove from the property above described, such fences, buildings and other obstructions as may now be found upon said property. For the purpose of construction, installing, repairing and perpetually maintaining draina&6;; facilities in, along, upon and across said premises, with the right and privilege at all times of the grantee herein, his or its agents, employees, workmen and representatives having ingress, egress, and regress in, along upon and across said premises for the purpp~e of innaking additions to, improvements on and repairs to the said drainage facilities' or ~~,yWS any part thereef J t%:j% n t+" AA No iK'at" TO HAVE AND TO HOLD unto the said City of Denton, Texas as aforesaid for the purposes aforesaid the premises above described. Witness pug hands , this the ¢ l1► day of (:Lp&A t✓ , A.D. 19$3 to~necipher a E Wanda Faye Stonecipher r 'N `QTt tN N •.•N n V/ F - ~4 p . V IV '.l'i,, ttl V,~],,V l,t! 4 V Jl UVVi, ~rOV UV. C.VL .ti•.V 'VVUV Y~4 rV~Vi~., ~i p i. r. V4.V, 'JV L bt l'." ACKNOWLEDGMENT VOL 12i6~A~Ei92 THE STATE OF TEXAS, COUNTY OF Denton BEFORE ME, the undersigned authority, on this day personally appeared Bro ie Stonecipher and wife Wanda Faye Stonecipher known tome to be the person s w) ose names are subscribed to the foregoing instrument, and acknowledged tome that t hey executed the same for the purposes and considwaticn therein expressed. Gl LEN UNDER MY HAND AND SEAL. OF Of FICE, This Q day of A.D. 19.3 Lim Not PubIn and for the State of Tens. n,% fyel K J?W My Commission Expires ACKNOWLEDGMENT THE STATE OF TEXAS, COUNTY OF BEFORE ME, the undersigned authority, on this day jersonalIy appeared _ known to me to be the person whose name subscribed to the foregoing instrument, and acknowledged to me that he... executed the same for the purposes and consideration therein expressed. GIVEN UNDER MY HAND AND SEAL OF OFFICE, This_ day of A.D. 19...... . Notary Public, in and for the State of Texas. My Commission Expires _ CORPORATION ACKNOWLEDGMENT THE. STATE OF TEXAS, BEFORE ME, the undersigned authority, COUNTY OF.. on this day personally appeared - known to me to be the person and officer whose name is subscribed to the foregoing instrument and acknowledged to me that the same was the act of the said . - a corporation„ and that he executed the same as the act of such corporation for the purposes and consideration therein expressed, and in the capacity therein stated. GIVEN UNDER MY HAND AND SEAL OF OFFICE, This ____.daq A.D. 19........ (LB.) Notary Public, in and for the State of Texas. My Commission Expires CLERK'S CERTIFICATE THE STATE OF TEXAS, (Aunty COUNTY OF Clerk of the County Court of said County, do hereby certify that the f♦a Inc ins f r f jiting dated on the day of , A. D. 19, , wi it i8cat t, gtgation, wits filed for record in my office on the, day of..... _ , A , at.. 411~ M., and duly day of_ . AF r , at i i ) M., in the recoWiTNEIs. _ $aeondsofaaidj,sLrwoh..ti.on`,pages...,.,,., SS MY HAND AND SEAL OF THE COUNTY COURT oai uJ , at o k iR the day and year Ias ; bow ten. CA ry 9 ; 2 ~ ~ County Cl k 4.._.COj '.2... County, Texas. IL S.) By g.a.:..~ .q . rs-_. , Deputy. Ltt N i V w! fa .Qr Q Q C~ C% y a r- F ° MAY: ►+i al H v 9179 ' o a a O a a I ! w& 3 u I` ,v; O 11 H 01 •h{ V j.iiC .iiiX i 6 9y w T yy yy~~ f W ° L rf~ p! N tOi w'~ t•.. Pi `rri v j mM m c d y cf O ! ! I ~Y d W i i j i { ! I Cc•2t5- EASf~1EN7. Manin !'Iall;OWYCo., ai 141 THE STATE OF TEXAS, KNOW ALL MEN BY THESE PRESENTS: COUNTY OF Denton THAT I, Joe D. Jeter DEED RECORDS 1-75 83 of Denton County, Texas , in consideration of the sum of One dollar ($1.00) and no cents - - - - - and other good and valuable consideration in hand paid by the City of Denton, Texas receipt of which is hereby acknowledged, do by these presents grant, bargain, sell and convey unto to the City of Denton, Texas the free and uninterrupted use, liberty and privilege of the passage in, along, upon and across the following described property, owned by him Situated in Denton County, Texas, in the J. Brock Survey, Abstract No. 55 All that certain lot, tract or parcel of land lying and being situated in the City and County of Denton, State of Texas, and being part of the J. Brock ssrvey, Abst. No. 55 and also being part of a tract of land as conveyed from Robert N. Horn and wife Philamaa Horn to Jue D. Jeter by deed dated 12-3-82 and recorded in Volume 1179, Page 647 of the Deed Recor?s of Denton County, Texas, and more particularly described as follows: Part 1 Permanent Easement Beginning at the northeast corner of said tract, said point lying in the south right-of- way line of Paisley Street; Thence south along the east boundary line of said ~eter tract a distance of 311.6 feet to.... the southeast corner of said tract, said point lying n the north right-of-way line of Audra Lane; s` Thence south 490 59' west along the south boundary ling of said Jeter tract, same being 7, the north right-of-way line of Audra Lane, a distance of 13.06 feet to a point for a cornerl, Thence north 10 feet west of and parallel with the east boundary line of said Jeter tracti a distance of 319.83 feet a point for a corner in the north boundary line of said Jeter tract, same being the south right-of-way line of Paisley Street; Thence north 890 04' 22" east along the north boundary line of said Jeter tract, same being the south right-of-way line of Paisley Street a distance of 10.0 feet to the place of~ beginning and containing 0.0725 acres of land more or less. P, Part 2 Construction Easement In addition to the 10 foot permanent easement as described above, a construction easement. 15 feet in width is to be furnished. This easement shall be adjacent and parallel to the permanent easement and will lie on the west side of said permanent easement. This con- struction easement to be used for initial construction only. And it is further agreed that the said City of Denton, Texas , in consideration of the benefits above set out, will remove from the property above described, such fences, buildings and other obstructions as may now be found upon said property. For the purpose of construction, installing, repairing and perpetually maintaining drainage facilities in, along, upon and across said premises, with the right and privilege at all times of the grantee herein, his or its agents. employees, workmen and representatives having ingress, egress, and regress in, along upon and across said premises for the purpose of making additions to, improvements on and repairs to the said public utilities any part thereof. ' `i sr J ; Apu 0 M+i313M.0 1 T~}LAi AND TO HOLD unto the said City of Denton, Texas as aforesaid for the purposes aforesaid the remises above described. Witness my hand , this the day of r A , A.D. 14 83 Joe Jeter f, ' vnl 'f 91R.4 _Qq` • FR. W t. 4M l V"G.•R V Y'R Y M .f \ 1 f V VVV UV ~ ~ t v,•,vI cv~'.~~ ACKNOWLEDGMENT VOL ~216PA6f,~~ THE STATE OF TEXAS, l COUNTY OF Denton j BEFORE ML, the undersigned authority, on this day personally appeared Joe . D. _ jeter known to mp to be the person whose name i S subscribed to the foregoing instrument, and acknowledged to me that he . executed the same for the purposes and consideration therein SKppressed. i nINDER MY HAND AND SEAL OF OFFICE, T ' ~kl day of t t~ . A.D. 19 $3 lIIIONI M. My tes~s~ISgN Publr, in and for the State of~Tesas . . 4r9 14, fAeably Commission Expires ACKNOWLEDGMENT THE STATE OF TEXAS, l COUNTY OF J BEFORE ME, the undersigned authority, on this day personally appeared _ known to me to be the person. whose name subscribed to the foregoing inatrurn:nt, and acknowledged to me that he.. executed the same for the purposes and consideration therein expressed. GIVEN UNDER MY HAND AND SEAL OF OFFICE, This . . day of A.D. 19......... (L.S.) Notary Putdc, in and for the State of Texas. My Commissian Er pires CORPORATION ACKNOWLEDGMENT THE STATE OF TEXAS, BEI.OORE NE, the undersigned authority, COUNTY OF.. _ on this day personally appeared _ . . known to me to be the person and officer whose name is subscribed to the foregoing Instrument and acknowledged to me V.at the same was the act of the-aald ' _ _ a corporstior., and th~.t he executed the same as the act of arch corporation for the purposes and consideration therein expressed, and in the capacity therein stated. GIVEN UNDEP MY HAND AND SEAL OF OFFICE, This..-..................... day A.D. 19.....-.. ( L.S. ) . Notary Public, In and for the State of Texas. MY Commission Expires _ CLERK'S CERTIFICATE THE. STATE OF TEXAS, 1 COUNTY OF. I,.... County Clerk of the County Court of said County, do hereby certify that the for inatru~y4 ntg dated on the _ day of A. D. 19 with ' ~Wi to oP 4t't'iaL an, was filed for record in my office on the , day of . . , D. n9r t...._. Sb 8 e hi., and duly recorded this _ .day of D ~1' , at ~Qc M., in the f Records of said Co~ In 1 sr te'~... . aa cI..... _ %VITNESS MY HAND AND SEAL OF THE COUNTY COURT of so pbt oft>#yfr' _ the day and year last ale, W n 13 County Clerk A W 4 ? unty, Texas (L. S.) By ..........1A.4..% Dcputy. s M Oi i ; = r U C7 a C Y a r a~ iEE[ Cpp tQQ 81583 41A;12, kl~ 9 7o a~4i I A canv~ a=~` 4 I i 1 ~ w w Q p, rr 44 O p 1 1 i i E x o W Q ; U ~ i i i ' i ~ i a o MKLE'I'S PACKAGE FILED IN May 37, 1983 LIBRARY UTII,ITY AnM. OFFICE K-1 83:01 City of Denton 215 E. McKinney Denton, Texas 76201 Gentlemen: I hand you herewith for filing pursuant to Section 43 of the Public Utility Regulatory Act (V.A.C.S. Tr'. 1446c) the Statement of Intent of Denton County Electric Cooperative, Inc. Bound together with the Statement i i Petition for Authority to Change Rates in Accordance with the . ntement of Intent and all supporting data required by and filed w.th the Public Utility Commis3ion of Texas in connection with the rate change. Please indicate receipt of this filing by your signature, title, date and time of receipt noted upon, the copy of this letter presented herewith and return the executed copy. Sincerely, Denton County Electric Cooperative, Inc. By: J CAtr Af (Duly uthor zed Representative) Enclosures Received City of Denton Name: Ti 1, Date:' Time of Receipt:: ' Texas-49-Denton DENTON COUNTY ELECTRIC COOPERATIVE, INC. t Denton, Texas 1. RATE FILING PACKAGE •.1 r 1 A1.h r • !fir ' 1 y ~ s. , r ,11 ? Y ~ J MAY 1983 1.: C. H. GUERNSEY do COMPANY Consulting Engineers do Architects ' Oklahoma City Oklahoma 1J 1 1 1 r i 1 1 i i 1 1 Q. if. GUERNSEY L4 COMPANY (ix.~Jl/~iriLr A*tI,)Il1P(rs and hihiltrli OKLAHOMA CITY. OKLAHOMA 1 L~ e Texas-49-Denton DENTON COUNTY ELECTRIC COOPERATIVE, INC. Denton, Texas i RATE FILING PACKAGE TO THE PUBLIC UTILITY COMMISSION OF TEXAS i i May 1983 i ' C. ri. GUERNSEY fr COMPANY Consulting Engineers and Architects Oklahoma City, Oklahoma DENTON COUNTY ELECTRIC COOPERATIVE, INC. 1 TABLE OF CONTENTS PETITION FOR AUTHORITY ACCOUNTANT'S REPORT STATEMENT OF INTENT 1 PROPOSED RATE SCHEDULES TESTIMONY - Bill McGinnis TESTIMONY - Robert Beam TESTIMONY - Archie G. Holtr,n ' TESTIMONY - Carl N. Stover, Jr. SECTION A 1 Schedule A-1.0 Income Statement Schedule A-1.1 Summary of Revenue and Expense Adjustments Scheuule A-1.2 Summary of Purchased Power Adjustment Schedule A-2.0 Summary of Adjustments Schedule A-3.0 Payroll Percentages j 1 Schedule A-4.0 Annualization of Depreciation Schedule A-5.0 Interest Adjustment Schedule A-6.0 Bad Debt Expense Schedule A-7.0 Interest on Customer Deposits Schedule A-8.0 Public Utility Commission Assessment Schedule A-9.0 Franchise Taxes Schedule A-10.0 Other Taxes Schedule A-11.0 Revenue Adjustments Schedule A-12.0 Data Input Sheet SECTION B Schedule B-1.0 Invested Capital ' SECTION C Schedule C-2.0 Schedule of Electric Plant ' Schedule C-3.0 Book Balance of Plant by Month Schedule C-4.0 Construction Work in Progress Schedule C-5.0 Overhead Construction Costs l TABLE OF CONTENTS (Continued) SECTIOei D ' Schedule D-1,0 Accumulated Provision for Depreciation Schedule D-2.0 Accumulated Provision for Depreciation 1 - Monthly Valances Schedule D-3.0 Depreciation and Retirement Methods and Procedures 1 SECTION E Current Coat - Not Applicable SECTION F Adjustment for Age and Condition - Not Applicable I SECTION G Schedule G-1.0 Average Balance - Materials and Supplies, Prepayments, Consumer Deposits Schedule G-1.2 Working Capital Schedule G-1,3 Materials 6 Supplies and Prepayments Expensed Schedule G-4,0 Cash Working Capital SECTION H Not Applicable 1 SECTION I Schedule I-1.0 Operation and Maintenance Expenses Schedule I-2,0 Summary of Fuel Expense Schedule I-4,1 Summary of Advertising Expense by Month Schedu3• :-4.2 Donations Schedule I-4.3 Expenditures for Influencing Legislation Schedule I-5.0 Depreciation Expense Schedule I-8.0 Other Taxes Schedule I-8.1 Taxes, Schedule I-9.0 Labor Charged to Operating Expense Schedule I-10.0 Summary of Purchased from Brazos Electric Power Power Cooperative, Inc, SECTION J Schedule J-1.0 Balance Sheet - December 31, 1982 and 19981 ' SECTION R ' Schedule R-1.0 Statement of Income and Patronage Capital SECTION L ' Schedule L-1.0 Statementof Changes in Financial Position Schedule L-1.1 Notes to Financial Statements ii TABLE OF CONTENTS (Continued) SECTION M Schedule M-1.0 Description of System ' SECTION N Schedule N-1.0 Quality of Service SECTION 0 Non-Utility Servir,es - Not Applicable SECTION P 1 Schedule P-1.0 Planning Horizon - Case 1 Schedule P-2.0 Planning Horizon - Case 2 Schedule P-3.0 Rotation Percentage for Planning Horizon SECTION Q ' Schedule Q-1.0 Monthly Consumers by Rate Schedules Schedule Q-2.0 Monthly kWh by Rate Schedules Schedule Q-3.0 Monthly Base Revenue by Rate Schedules Schedule Q-4.0 Monthly Fuel Revenue by Rate Schedules Schedule Q-5.0 Monthly PCA Revenue by Rate Schedules Schedule Q-6.D Monthly Total Revenue by Rate Schedules ' Schedule Q-7.0 Summary of Monthly Usage for Industrial Class SECTION R Schedule R-1.0 Summary of Usage Statistics Schedule R-1.1 Summary of Proposed Inrease Schedule R-2.0 Proof of Revenues Schedule R-3.0 Fuel and Power Cost Recovery Schedule R-4.0 Miscellaneous Charges Schedule R-5.0 Key Operating Statistics Schedule R-6.0 Adjustments to Key Operating Statistics Schedule R-7.0 Load Research Program SECTION S Schedule S-1.0 Growth in Net Plant Schedule S-2.0 System Capitalization ' Schedule S-3.0 Schedule of Patronage Capital Schedule S-5.0 REA and NRUCFC Mortgage Notes Schedule S-6.0 Embedded Interest Cost ' Schedule S-7.0 Operating Ratios Schedule S-8.0 CFC's Key Ratio Trend Analysis for Texas SECTION T Comfort Letter r ' iii i TABLE OF CONTENTS (Continued) 1 SECTION U Schedule U-1.0 Billing Comparisons - Residential Schedule U-2.0 Billing Comparisons - Commercial Schedule U-3,0 Billing Comparisons - Industrial Schedule U-4.0 Graphical Analysis of Rates 1 r r r r i 1 r ' iv 1 1 1 1 i 1 1 1 1 t 1 f i 1 1 1 i 1 1 1 ITO. _ ' PETITION Or DENTON COUtlTY § E~ ECTR:C C00?ERATIVE, I*dC. § § CITY OF DENTON FOR THE AUTHORITY TO § CHANGE RATES § 1 PETITION FOR AUTHORITY TO CHANGE RATES ' NOW COMES Denton County Electric Cooperative, Inc. ("Peti- tioner"), and files this its Petition for Authority to Change Rates and in support thereof would respectfully show the following: ' I. Petitioner files herewith anal incorporates herein for all purposes its Statement of Intent to change rates in all areas to which it provides electric utility service. Petitioner hereby ' requests the above captioned City (the "City") to approve imple- mentation of the proposed changes within its incorporated limits. Jurisdiction of the City arises under Section 17(a) of the Public Utility Regulatory Act, Article 1446c of the Texas Revised Civil Statutes. II. As a result of increases in the cost of doing business, Petitioner's present rate schedules will no longer yield a level ' of operating revenues sufficient to maintain Petitioner's financial 1 1 integrity. T'he rates proposed in Petitioner's Statement of intent are just and reasonable and are designed to more equitably distribute the revenue bur,ien among utility consumers. Petitioner expects that the proposed schedule of rates will furnish an additional $1,258,325.00 in revenue as compared to the amount of ' revenue furnished by the existing schedule of rates. This rep- resents an increase of approximately 8.4% above the amount ' furnished by the existing schedule of rates. ' III. Petitionar bases its rate request upon a test year beginning January 1, 1982 and ending December 31, 1982. Such test period ' ends with the most recent calendar quarter for which information is available. 1 ' IV. Petitioner has filed contemporaneously with this Petition, a ' petition to the Public Utility Commission of Texas to approve implementation of rate changes contained in its Statement of Intent in areas within the original jurisdiction of the Commis- sion. Petitioner has also contemporaneously filed with each city within which Petitioner provides service a petition requesting approval of .mplementation of such changes within the corporate limits of each city. -2- 1 v Inqu-_ries concerning this Petition for Authority to Change ' Rates may be direc_ed to the undersigned, Attorney for Petitioner, McGinnis, Lochridge & Kilgore, 900 Congress Avenue, Austin, Texas, 78701, telephone number (512) 476-6932. WHEREFORE, Petitioner respectfully requests the City to issue notice to the public of a hearing to be held on Petitioner's 1 Statement of Intent and, upon final hearing, to approve its implementation within the corporate limits of the City. Respectfully submitted, McGINNIS, LOCHRIDGE & KILGORE Republi:Bank Building, Fifth Floor ' 900 Congress Avenue Austin, Texas 78701 (512) 476-6982 By. ' Campbell McGinnis ATTORNEYS FOR DENTON COUNTY ' ELECTRIC COODERATIVE, INC. P.O. Box 214 Denton, Texas 76201 t 1 -3- i 1 r e t t r 1. e TEXAS 49 DENTON DENTON COUNTY ELECTRIC COOPERATIVE, INC. ' DENTON, TEXAS .i FINANCIAL STATEMENTS WITH SUPPLEMENTARY INFORMATION YEARS ENDED JUNE 301 1982 AND 1981 and REPORT OF CERTIFIED PUBLIC ACCOUNTANTS r i 1 1 r r' Texas 49 Denton DENTON COUNTY ELECTRIC COOPERATIVE, INC. Denton. Texas C O N T E N T S Page No. Report of Certified Public Accountants I Financial Statements: ' Balance Sheet - June 30, 1981 and 1981 2 Statement of Income and Patronage Capital - ' Years Ended June 30, 1982 and 1981 3 Statement of Changes in Financial Position Years Ended June 30, 1982 and 1981 4 Notes to Financial Statements 6 Supplementary Information: Accountants' Opinion on Supplementary Information 10 Letter to Board of Directors 11 Schedule of Electric Plant 14 ' Schedule of Accumulated Provision for Depreciation 15 ' Schedule of Other Property and Investments 16 Patronage Capital 17 ' Long Term Obligation to ILEA and CPC 19 Statement of Income and Patronage Capital - ' Calendar Years 1981 and 1980 20 Statement of Income and Patronage Capital - June 30, 1978 through 1982 21 ,,1 BOLINGER, SEOAR6. GIL13ERT do MOSS CE11TIF39D PUSUC ACCOUNTANTS 1437 ICTM ,T.[LT LUSSOCK, TSxAS 70401 1 ' The Board of Directors Denton County Electric Cooperatir^, Ine. ' We have examined the balance sheet of Denton County Electric Coopera- tive, Inc. as of June 30, 1982 and 1981, and the related statements of income and patronage capital, and changes in financial position for the years then ended. Our examinations were made in accordance with gener- ally accepted auditing standards, and accordingly included such tests of the accounting records and such other auditing procedures as we ' considered necessary in the circumstances. In our opinion, such financial statements present fairly the financial position of Denton County Electric Cooperative, Ir.c. at June 30, 1982 and 1981, and the results of their operations and the changes in their financial position for the years then ended, in conformity with gener- ally accepted accounting principles applied on a consistent basis. OWL .4",, ';4 /V~. ' Certified Public Accountants 1 Lubbock, Texas ' July 22, 1982 -1- -2- DENTON COUNTY ELECTRIC COOPERATIVE, INC. Denton, Taxes Exhibit A BALANCE SHEET - JUNE 300 1982 AND 1981 ASSETS (Note 2) June 30, 1981 f UTILITY PLANT: (Note 3) 1982 ' Electric Plant in Service - at cost (Note 1) $17,943,904 $16,387,80U Construction Stork in Progress 671,288 124,061 't'otal Cost of Utility Plant $18,617,1 y'l $16,51,861 Less: Accumulated Provision for Depreciation (Note 1) 3,648,108 3,265,808 $14,969,084 $13,'24!1,053 UTHEI( PROPERTY AND INVESTMENTS: ' Investments In Associated Organizations (Note 4) $ 1,956,979 $1,871,444 CURRENT ASSETS: Cash - General $ 258,793 $ 261,598 ' Temporary Cash Investment, 550,917 Accounts Receivable (Less provision for uncollectibles of $23,183 in 1982 and $19,563 in 1981) (Note 5) 1,262,8U3 825,343 ' Interest Receivable 25,776 3,764 Materials and Supplies - Electric (Note 1) 1910155 177,046 Prepayments 10,462 11,118 Total Current Assets $ 2,298,906 $ 1,278,869 DEFERRED CHARGES $ 62,233 $ 35,508 $19,288,202 $16,431,874 LIABILITIES EQUITIES AND MARGINS: Memberships $ 125,040 $ 110.235 Patronage Capital (Notes 6 and 7) 3,539,395 3,222,305 Other Equities (Deficit) (.vote 8) _ (154,348) ' $_3,664,435 $ 3,178,192 _ LONG TERM DEBT: R E A Mortgage Notes (Note 9) $11,036,816 $ 8,771,210 ' CF C Mortgage Notes (Note 1U) 3,802,781 2,706,613 $14,839,597 $11,477,823 ' CURRENT LIABILITIES Accounts Payable $ 297,223 $ 932,653 Note Payable CF(; (Note 11) 500,000 Consumer Deposits 157,962 116,735 ' Uther Current and Accrued Liabilities 276,026 183,792 Total Current iabilities $ 731,211 $ 1,733,180 DEFERAED CREDITS $ 52,959 $ 41,679 ' $19,288,202 $lti,4 ' The accompanying notes are an integral part of these financial statements. -3- DENTON COUNTY ELECTRIC COOPERATIVE, INC. Denton, Texas Exhibit B STATEMLNT Of INCOME AND PATRONAGE CAPITAL for the Yzars Ended June 30, 1982 and 1981 Year Ended June 3U, 1982 June 30, 1981 Increase Amount % Amount % (Decrease) OPER ZING REVENUES AV!1 !-AIRONAGE CAPITAL: Residential $110014,357 84.5 $8,193,028 84.2 $2,821,329 Commercial ono Industrial - Small 786,251 6.0 6410365 6.6 144,866 Comiv,rclvl and Industrial - Large 1,161,026 8.9 838,517 8.6 3220509 ?9rt from Electric Property 23,835 .2 23,857 .2 (22) Other Electric Revenues 54,184 .4 36,921 _.4 17,257 Total Operating Revenues and ' Patronage Capital $13,039,653 100.0 59,733,714 100.0 $3,305,939 OPERATING EXPENSES: ' Cost of Power $ 9,568,746 73.4 $7,335,591 75.4 $2,233,155 Distribution Expense - Operation 306,566 2.4 202,797 2.1 103,769 Distribution Expense - Maintenance 469,385 3.6 3619440 3.9 87,945 ' Consumer Accounts Expanse 445,534 3.4 362,444 3.9 63,090 Customer Service and Informational Services 57,835 .4 389559 .4 199106 Sales Expense 26 - 4,303 .1 (49277) Administrative and General Expense 403,687 3.1 310,478 3.1 93,209 ' Depreciation Expense 567,001 4.4 $03,464 5.2 63,537 Taxes 277,637 2.1 212,627 2.2 65,010 Interest - Long Term Debt 7779361 6.0 572,869 5.9 204,492 ' Other Deductions 16,721 .11 19 p 929, ;2 (31208) Total Operating Expenses and Interest $12,890,499 98.9 $9,964,501 102.4 52,925,998 Nit Operating Margins (Deficit) S 149,154 1.1 $ (230,787) (2_4) $ 379,941 NONOPERATING MARCINSr ' Interest Income $ 248,119 1.9 S 4,1,239 .5 $ 199,880 Other Nono,erating Income 10861 11035 .1 826 Gain on Disposition of Property _ 60,604 _5 78,121 .88 (17,517) Net Nonoperating Margin $ 310,564 2.4 S 127,395 1.4 $ 183,189 CAPITAL CREOITS - Associated Organizations $ 11,700 ~1 S 168,418 1.7 S (156,718) NET MARGINS fOR PERIOD $ 471,438 3.b $ 65,026 .7 $_E6141-, PATRONAGE CAPITAL - BEGINNING Of YEAR ),222,305 3,002,931 Transfer Calendar Year 1980 Deficit ' to/from Other Equities (154,348) 154,348 PATRONAGE CAPITAL - END Of YEAR $_31539L395 $3,222,305 The accompanying notes are an integral part of these financial statemrnts. 1 J -4- DENTON COUNTY ELECTRIC COOPERATIVE, INC. Denton, Texas Exhibit C STATEMENT OF CHANGES IN FINANCIAL POSITION for the Years Ended June 30, 198: and 1981 1 ' June 30, 1982 1981 WORKING CAPITAL PROVIDED FROM: Net Margins (Exhibit ii) $ 471,438 $ 65,026 Add: Expenses Not Requiring an Outlay of Working Capital - Depreciation 625,808 556,432 Less: Associated Cooperatives' Capital Credits (Non-Cash) (11,700) (168,418) Working Capial Provided by Operations $1,085,546 $ 453,U40 ' Advances from REA 2,482,000 1,040,000 Advances from CFC 1,119,000 61,100 Book Value - Plant Sold 5,572 30,526 ' Increase in memberships 14,805 12,175 Material Returned to Stock and Other Credits 41,167 45,637 Increase Deferred Credits 10,280 5,455 Total Working Capital Provided $4,758,370 $1,647,933 WORKI14G CAPITAL USED FOR: Extension and Replacement of Plant $2,275,812 $2,077,998 Payment:i on Long Term Debt Principal - ILEA 212,746 208,677 ' Principal - CFC 22,832 18,665 Deferred Interest - REA 3,648 3,722 Increase Investments (Exclusive of Patronage Capital Allocations) 73,835 16,849 Plant Removal Costs 119,766 80,126 Increase Deterred Charges 26,725 19,848 ' Total Working Capital Used $2,735,364 $2,425,885 INCItEASE (DECREASE) IN WORKING CAPITAL $2,023,006 $ (777,951) 1 ' (Continued) -5- DSNTON COUNTY ELECTRIC COOPERATIVE, INC. _ Denton, Texas Exhibit C (Continued) STATEMENT OF CHANGES IN FINANCIAL POSITION for the Years Ended June 30, 1982 and 1981 r CHANGES IN WORKING CAPITAL r June 30, 198'2 1981 r CURRENT ASSETS - Increase (Decrease) Cash - General $ (2,805) $ 261,598 Temporary Cash investments 550,917 (425,000) ' Accounts Receivable 437,460 73,959 Interest Receivable 22.012 (1,990) Materials and Supplies Inventory 14,109 27,859 Prepayments (656) 2,055 r $_1,021,037 $ (61,519) CURRENT LIA131LITIES - Increase (Decrease) Bank Overdraft $ $ (24.876) Accounts Payable (635,430) 181,395 Notes Payable - CF C (5000000) 500,000 Consumers' Deposits 41,227 31,730 /r. Other Current and Accrued Liabilities 920234 28,184 $(1,001,969) $ 716,433 WORKING CAPITAL - Increase (Decrease) $ 2,023,006 $(777,952) WORKING CAPITAL - BEGINNING OF PERIOD (DEFICIT) __L454, 311) 323,641 WORKING CAPITAL - ENO OF PERIOD (DEFICIT) $ 1,568,695 $(454,311) r r r The accompanying notes are an integral part of these financial statements. 1 1 ' -6- DENTON COUNTY ELECTRIC COOPERATIVE, INC. ' Dentin, Texas NOTES TO FINANCIAL STATEMENTS ' JUNE 30, 1982 1 1. Summary of Significant Accounting Policies: System of Accounts The accounting records of the caoperative conform to the Uniform System of Accounts prescribed by the Federal Energy Regulatory Commission for Class ' A and B electric utilities modified for electric borrowers of the Rural Electrification Administration. Plant Additions and Retirements The cost of additions to electric plant in service represents the original cost of contracted services, materials and direct labor, and indirect charges for engineering, supervision, and similar overhead items. For propet-ty replaced, the average cost of the record unit retired as deter- mined by the continuing property records, plus removal cost less salvage is ' charged to the accumulated provision for depreciation. Contributions in aid of construction are erc ted to the applicable plant accounts. Materiais and Supplies - Electric ' Materials and supplies inventory is valued at average unit cost. Depreciation ' Provision has been made for depreciation at straight-line rates as follows: Distribution Plant 3.35% Structures and improvements 2.88% Office Furniture and Fixtures 6.96% and 14.30% Transportation }equipment 25.00% Power Operated Equipment 25.00$ Tools, Ship and Garage Equipment 10.001 Laboratory Equipment 12.00% Communication Equipment 12.UU% ' Miscellaneous Equipment 25.00% Depreciation for the twelve months ended June 30, 1982 and 1981 was $625,808 and $556,432 respectively, of which $567,001 and $503,463 was ' charged to depreciation expense and $58,807 and $52,969 was allocated to other accounts. Patronage Capital Certificates Patronage capital certificates from associated organizations are recorded at the stated amount of the certificates. The amounts are recognized as income when the notices of allocation are received. 2. Assets Pledged: All assets are pledged as security for the long term debt to REA and CFC. t -7- DE.~TON COUNTY ELECTRIC COOPERATIVE, INC. Denton, Texas NOTES TO FINANCIAL STATEMENTS JUNE 30, 1982 (Continued) 3. Electric Plant: The major classes of the electric plant as of June 30, 1982 and 1981 are listed, as follows: 198'2 1981 Intangible Plant $ 2,616 $ 2,62t; ' Oistribution Plant 17,0U4,610 15,60U,680 General Plant 938,668 784,494 Electric Plant in Service $17,945,9U4 $16,387,80U Construction Work in Progress T671,288 124,061 518,617,192 516,511,861 4. Investments in National Rural Utilities Cooperative Finance Corporation (CFC): Investments in associated organizations shown on the balance sheet under other property and investments includes investment in capital term ,ertilicates of CF C in the amount of $574,173 and $478,001 at June 30, 1982 and 1981 respec- tively, representing the first twelve and eleven years' subscription, plus ' certificates issued in conjunction with long term loans. The cooperative ha3 subscribed to purchase additional capital term certificates in the years 1982 - 1984 totaling approximately $166,993, based upon estimated future revenues less cost of power. 1 5. Provision for Uncollectible Accounts: The cooperative provides for uncollectible accounts receivable by monthly ' additions to the provision for n...:ollectible accounts. The additions, charged to expense and reflected in =sumer accounts expense on Exhibit B, totaled $67,000 and $44,200 for the years ended June 30, 1982 and 1981, respectively. The write-off during the fiscal years ended June 3U, 1982 and 1981 approved by the board of directors, totaled $75,041 and $46,614. The provision ($13,183) app^ars adequate to cover probable losses at June 30, 1982. 6. Return of Capital: Under the provisions of the long term debt agreements, until the equities ?nd margins equal or exceed forty percent of the total assets of the cooperative, the return to patrons of capital contributed by them is limited generally to V.enty-Five percei. of the patronage capital or margins received by the coop- erative in the nrxt preceding year. The equities and margins of the coopera- tive represent 19% of the total assets at the balance sheet date. No capital credits were retired in the fiscal years ended June 30, 1982 and 1981. DENTON COUNTY ELECTPIC COOPERATIVE, INC. Denton, Texas ' NOTES TO FINANCIAL STATEMENTS JUNE 30, 1982 (Continued) 7. Detail of Patronage Capital: Patronage capital consists of the following at balance sheet date: June 30, ~J~1 1981 Assignable $ (30,645) $ (21,473) ' Assigned 3,731,516 3,405,254 Sub-Total $3,700,871 $3,383,781 Less: Retired 161,474 161,476 Total $3,539,395 $3,222,305 8. Other Equities: ' Other equities at June 30, 1981 consisted of the 1980 deficit of $154,348. This amount has been applied to offset subsequent years' nonoperating margins that woula otherwise be assigned to patrons. ' 9. Long Term Debt - REA Mortgage Notes: Mortgage notes to REA are represented by mortgage notes payable to the United 1 States of America. The notes are for thirty-five year periods each, and principal and interest installments are due quarterly in equal amounts of approximately $170,500. It is estimated that installments of $682,000 pay- able within the next twelve months will include $212,000 in principal and deferred interest. The notes are schedul^d to be fully repaid at various times from 1981 to 2016. 10. Long Term Debt - CFC Mortgage Notes: Long term debt to CFC is represented by 7 percent to 11 112 percent mortgage notes payable quarterly over a 35 year period. It is estimated that install- ments of $394,000 due within the next twelve months will include approxi- mately $24,000 in principal payments. 11. Line of Credit: The cooperative has a line of credit for short term loans with the National Rural Utilities Cooperative Finance Corporation for an amount not to exceed $1,000,0U0 at any one time for a time pc:?.od not to exceed twelve months. The cooperative also has a line of credit from the First State Bank of Denton up to $500,000. No outstanding balances existed on these lines of credit at June JU, 1982. r DENTON COUNTY ELECTRIC COOPERATIVE, INC. Denton, Texas NOTES TO FINANCIAL STATEMENTS d'UNE 30, 1982 (Concluded) 12. Pension Plan: Pension benefits for substantially all employees are provided through partic- ipation in a plan through the Texas Life Insurance Company. Pension plan costs were $65,121 in the fiscal year ended June 30, 1982 and $49,392 in the year ended June 30, 1981. The plan is approved by the Internal Revenue Service. 13. Unrecorded Revenue: The cooperative follows the policy of rendering bills for electric service on the last day of the month, based upon meter readings obtained during the first fe%y days of the same month. This results in approximately 314 of one month unrecorded revenue at the end of each month. 14. Litigation - Contingent Liabilities/Commitments: Th3re is no pending or threatening litigation against the cooperative. f.F previously mentioned ir, note number 4, the cooperative is committed to purchase capital term certificates from CFC in the approximate amount of $166,993 during the years 1982 - 1984. Subscriptions are payable annually on October 1. r r i 1 SUPPLEMENTARY iNrORMATION -lu- ACCOUNTANTS' REPORT ON SUPPLEMENTARY INFORMATION Denton County Electric Cooperative, Inc. Denton, Texas Our examination w:3s midc• or the ;purpose of forming an opinion on the basic financial statements t0cen as a whole. The supplementary infor- mation contained in the following pages is presented for purposes of additional analysis and is not a required part of the basic financial statements. Such information has been subjected to the auditing proce- dures applied in the examination of the basic financial statements and, in our opinion, is fairly stated in all material respects in relation to the basic financial statements taken as a whole. Certified Public Accountants Lubbock, Texas July 22, 1982 -I1- BOrANGIM. SEOARs. GIL13ERT s. doss cta7ineo PUWLlc +ccow7AN7e 1111 - QTH ,IK[[T LUBBOCK, TEXAS 70401 July 22, 1982 To: Hoard of Directors Denton County Electric Cvope.ative, Ina. Denton, Toxas Re: Audit Report As reported in our accountants' opinion dated July 22, 1982, we performed our exami- nation in accordance with generally accepted auditing standards. Our examination included the auditing procedures required by REA Bulletin 185-1:465-1, Audit of ftEA Borrowers' Accounting Records. Two copies of the audit journal entries are also included for transmittal to REA. 'The following comments and schedules supplement the information included in the fi- nancial statements and notes. Internal Control - The cooperative has a generally effective system of internal control, including appropriate segregation of functional responsibilities and a sys- tem of authorizations and record procedures to provide reasonable safeguard over its assets and produce reliable accounting data. The cooperative's data processing procedures and controls are adequate. Accounting and Records - The procedure, used in accounting for material, transpor- tation, labor and overhead costs provided a fair distribution of these costs to construction, removal, and maintenance and other expenses. The cooperative's other t accounting procedures in effect during the year were considered to be adequate in all material respects and nothing came to our attention to indicate that the coop- erative has not maintained its records in accordance with the prescribed Uniform System of Accounts. Materials Control - A physical inventory was taken by the cooperativ, is of June 3U, 1981 and we were present to observe the count. Our review indicated the follow- ing differences between the perpetual records and the physical count. Per Physical Count $ 191,155 Per Perpetual Records 202,309 Difference (Shortage) $ 11.154 There has been some improvement in material control procedures, but additional attention should be devoted to material and supplies handling and recording. Denton County Electric Coc.,:erative, Inc. Compliance with Loan Documents - There has been full compliance with the provi- sions of the loan contract and mortgage to REA and CFC relating to the retirements of capital credits during the audit period. The DSC and TIER ratios are summarized below. Twelve Months Period Ending Minimura Kequirerrents 6-30-82 6-30-81 TIER l.Op 1.61 1.11 OS C 1.25 1.83 1.42 Reports to REA - The financial statements as of December 31, 11,31 included in the copies of REA Form 7 on file at the cooperative's office were compared with the cooperative's books and found to be in agreement in all material respects. Service Contracts - A service contract was in effect for billing services, payroll and inventory provided by Texas Electric Cooperatives, Inc. Statewide Data Processing Center through December 31, 1981. Payments were made in accordance with the provisions of the contract. Deposits - All cash deposits are in institutions whose accounts are insured by an agency of the federal government. The temporary investment in Brazos Electric Veneration and Transmission Cooperative is not covered by FDIC insurance. Federal Income Tax Status - No provision has been made for federal income taxes in reliance on a determination letter dated January 3, 1939, issued by the Internal ttevenue Service which states that the cooperative is entitled to exemption from : federal income tax. The cooperative appears to be complying with current regula- tions, with revenue from meml ers well above 85% of total revenue. The required Form 990 is being filed annually. Related Party Trr.nsactions - No related party transactions were noted during the periods under review. Deferred Debit - Deferred debits consist of the following: Jun, 30, 1 1982 1981 Clearing Accounts g 1,809 'Jnamortized Cost - Engineering $ 7,499 5,171 U;amortized Cost - Load Study Expenses 10,913 7,961 ' Mats-ials and Supplies - Inventory Shortage 11,154 Unamurtized Cost - bate Application 8,227 20,567 Unamortized Cost - Software Programs 24,530 £ 62,233 > 33,5U8 1 -13- Denton County Flectric Cooperative, Inc. 'fhe amounts in the preceding schedule applicable to engineering, load study, soft- snare programs and rate application are being charged to expense or capitalized monthly. Deferred Credits - Deferred credits consist of the following: June 30, 198'2 1981 Undelivered Capital Credit Refunds $ 40,027 $ 35,181 Undelivered Membership Refunds, Etc. 6,647 6,647 Materials and Supplies Inventory Overage 851 Clearing Accounts 6.285 Total $ 52,959 $ 42,679 Other Income Deductions - A detail of this item is as follows: June 30, 198'2 1981 Donation and Penalties $ 2,203 $ 1,439 Work Abandoned 1,612 748 Interest on Consumers' Deposits 8,173 8,127 Interest on Short Term Debt 4,733 11,998 Miscellaneous Income Deductions (2,374) Total $ 16,721 $ 19,929 Sales of Plant - During the current year, the cooperative sold segments of plant in three different sales. REA approval for the sales was obtained as required. The gross proceeds from the sale were $66,176. The amount recorded as gain and included in nonoperating margins was $60,604. vi~ J Certified Public Accountants r~ -14- DENTON COUNTY ELECTRIC COOPERATIVE, INC. Denton, Texas Schedule 1 I SCHEDULE OF ELECTRIC PLANT Years Ended June 30, 1982 and 1981 Balance Balance 7-1-81 Additions Retirements 6-30-82 CLASSIFIED ELECTRIC PLANT L4 SERVICE Intangible Plant $ 2,626 _ -U_ $ -0- $ 2,626 Distribution Plant: Land and Land Rielits $ 21,894 $ $ $ 21,894 Poles, 'l'owers and Fixtures 3,083,7UU 370,514 28,105 3,426,109 Overhead Conductors and Devices 3,372,715 190,615 28,705 3,524,625 Underground Conduit 415,682 1,214 416,896 Underground Conductors and Device.3 1,180,566 115,894 22,579 1,273,881 Line Transformers 4,174,194 396,970 14,561 4,556,603 Services 2,097,396 302,698 29,858 2,370,236 Aeters 726,496 118,888 3,002 842,382 Installations on Con- sumers' Premises 528,037 54,971 21,024 _ 561 984 Total $15,6UU,680 $1,551,764 $147,834 $17,004,610 General Plant: Land and Land Rights $ 129,702 $ (6,803) $ $ 122,899 Structures and Improvements 160,665 1,473 162,138 Office Furniture and Equipment 55,404 91,428 1,608 145,224 Transportation Equipment 136,636 52,006 21,039 167,653 Stoi es Equipment 4,329 4.329 Tools, Shop and Garage Equipment 30,152 30,152 Laboratory Equipment 11,773 12,725 24,498 Power Op-gated Equipment 214,837 24,89U 239,727 Communication Equipment 39,U54 158 39,'2;2 Miscellaneous Equipment 1,892 944 2,836 Total 5 784,494 $ 176,821 $ 22,644 $ 938,663 'fetal Classified E! 2etric Plant in Service $16,387,8UU $1,728,585 $170,,181 $17,9•+5,904 Construction Work in Progress 124,U61 547,227 671,288 'Total Utility Plant $16,511,86L $2,275,812 $170,481 $18,617,192 -15- DENTON COUNTY ELECTRIC COOPERATIVE, INC. Denton, Texas Schedule 2 SCHEDULE OF ACCUMULATED PROVISION FOR DEPRECIATION Years Ended June 30, 1962 and 1981 Balance Balance 7-1-81 _ Accruals Retirements 6-30-82 CLASSIFIED ELECTRIC PLANT IN SERVICE Distribution Plant $2,838,304 $542,909 $163,085 $3,218,128 General Plant: Structures and Improvements $ 95,739 $ 4,659 $ $ 100,398 Office Equipment 35,184 10,694 1,607 44,271 Transportation 39,466 38,786 13,489 64,763 Stores 2,512 213 2,725 Tools, Shop and Garage Equipment 16,978 1,388 18,366 Laboratory Equir.-,ant 5,786 1,801 7,587 Power Operated ' : Tent 202,f87 20,021 222,108 Communication EgL1,,;sent 32,503 4,701 37,294 Miscellaneous Equipr,.ent 1,748 636 2,384 Total General Plant $ 432,093 $ 82,899 $ 15,096 $ 495,896 Retirement Work in Progress $ (4,589) $ -0- $ 65,327 $ _ (69,916) Total $3,265,808 $625,808 $243,508 $3,648,108 (i)~ ('2) (1) Charged to Depreciation Expense $567,001 Charged to Clearing Accounts 58,807 $625,808 (2) Original Cost nits Retired $170,481 Cost of Removal $119,766 Salvage Credits (41, 167) Book Value - Plant Sold (5:572) 73,027 Loss Due to Retirement $243,508 -r -16- DENTON COUNTY ELECTRIC COOPERATIVE, INC. Denton, Texas " Schedule 3 SCHEDULE OF OTHER. PROPERTY AND INVESTMENTS YEARS ENDED JUNE 30, 1982 AND 1981 June 30, 198'l 1981 INVEST>IENTS IN ASSOCIATED ORGANIZATIONS: Patronage Capital Brazos Electric Power Cooperative, Inc. $1,253,016 $1,253,016 Texas Electric Cooperatives, Inc. 70,700 68,542 National Rural Utilities Cooperative Finance Corporation 55,708 58,417 $1,379,424 $1,379,975 Bonds, Notes and Stocks Texas Electric Cooperatives, Inc. - 6% Bonds $ 2,117 $ 2,203 Texas Electric Cooperatives, Inc. - Data Processing 10,000 Southwest Energy Corporation (1 Share) 200 200 $ 2,317 $ ' 12,403 t3croberships Brazos Electric PDvei Cooperative, Inc. $ 5 $ 5 National Rural Eiv-.;tric Cooperative Association 10 10 Texas %jor,' ;,a Coor,~ iatives, Inc. 50 50 National iiu, 31 Uti ies Cooperative Finance Cur;. ra!ioa 1,000 1,000 $ 1,065 $ 1,065 Capital :rro Certificates National Rural Utilities Cooperative Finance Corporation $_574,173 $ 478,001 Total Investments in Associated Organizations $1,956,979 $1,871,444 -17- DENTON COUNTY ELECTRIC COOPERATIVE. INC. Denton, Texas Schedule 4 PATRONAGE CAPITAL JUNE 30, 1982 r _ Assigned U & T Operating and and Other Nonoperating Capital 1 Year Assignable ;.targins Credits Retired Balince 1943 $ $ 5,531 S $ 5,531 $ 1944 19,692 19,692 1945 11,595 11,595 1946 18,977 18,977 1947 20,443 20,443 1948 25,807 25.807 1949 (i) I950 14,564 14,564 1951 44.867 44,867 19lz 43,703 43,703 1953 SU,223 50,223 1954 49,103 49,103 1955 57,485 57,485 1956 54,306 54,306 1957 39,'247 39,'247 1956 40,517 40,517 1959 37,044 37,044 1900 60,941 60,941 1961 54,523 17,604 72,132 196'2 53,577 29,474 83,051 1963 61,094 35,538 96,632 1964 55,599 54,447 110,046 1965 43,163 40,982 84,145 1966 1'2,189 4'2,56'2 54,751 1967 53,011 38,'222 91,233 1968 88,280 40,838 129,118 19:19 101,923 41,718 143,641 1970 129,037 75,945 204,982 1971 103,467 95,775 199,242 197'2 191,992 79,177 271,169 1973 127,987 69,357 197,344 1974 115,010 115,010 1975 106,937 106,937 1976 25,272 25,272 1977 323,851 71,211 395,062 1978 147,380 22'2,083 369,463 1979 61,979 61,979 D 1981 (1) 104,659 2'21,603 326.262 1982 (6 Months) (3U,7U1) (30,701) Prior years Under- Assigned 56 56 $(3U,645) $'2,493,UU1 $1.238,515 $161,476 $3,539,395 $3,731,516 ' See following page for footnotes. DENTON COUNTY ELECTRIC COOPERATIVE, INC. Denton, Texas Schedule 4 (Continued) PATRONAGE CAPITAL JUNE 30, 1982 (1) The 1981 assignment included the following: 1981 Operating and Margin $ 169,141 1981 G a T and Other Capital Credits 89,316 1981 Nonoperating Margin $ 222,153 Less: 1980 Deficit Applied (154,343) 67,605 326,262 -19- DENTON COUNTY ELECTRIC COOPERATIVE, INC. Denton, Texas Schedule 5 LONG TERM OBLIGATION TO REA AND CFC JUNE 30, 1981 LONG MiM OBLIGATIONS TO REA Date of Interest Principal Deferred Unadvanced Principal Net .`tote Hate Amount Interest Funds Payments - Obligation Notes Paid in Full $ 1,UU6,127 $ $ $1,11U6,127 -0- 6-3-47 2% 39,873 221 36,484 3,610 1.2•-29-48 2% 200,OUO 621 187,442 13,179 11-15-5U 2% 160,000 1,276 138,812 22,464 1-3U-53 2% 230,000 3,065 178,149 54,916 8-11-54 2% 112,000 1,744 80,265 33,479 4-1U-56 2% 394,000 8,448 255.132 147,316 12-3-58 2% 15U,000 4,958 81,738 73,220 7-21-59 2$ 150,000 4,667 79,672 74,995 6-20-61 2$ 225,000 108,891 116,109 11-21-62 2% 219,000 97,330 121,670 1-147-65 2% 565,367 212,451 352,916 1-27-65 2% 224,633 73,924 150,709 5-2-68 2% 635,000 178,920 456,080 1 5-13-7U 2% 600,000 136,162 463,838 1-2U-71 2% 240,000 49,683 190,317 '2-15-7'2 2% 261,00U 47,189 213,811 2-15-72 2% 261,000 47,189 213,811 8-14-73 51 455,500 40,548 414,952 8-14-73 5% 455,500 40,548 414,952 4-29-74 5% 311,500 23,726 287,774 ' 4-29-74 5% 311,500 23,726 287,774 4-22-75 5% 501,500 30,122 471,378 4-22-75 5% 511?~„ 50U 30,122 471,378 7-27-76 5$ 501,000 20.616 480,384 7-27-76 5% 501,000 20,616 480,384 11-28-78 5% 234,UUO 2,300 231,700 11-28-78 5% 234,000 2,300 231,700 lU-3U-79 5% 1,04U,000 1,040,000 10-30-79 5% 1,U4U,000 1,040,000 6-30-81 5% 2,48.2,00U 2,482,000 Total REA $14,242,UUU $25,0UU $ -0- $3,230,184 $11,036,816 LONG TLIUM OBLIGATIONS TO CFC 1 2-15-72 7% $ 131,000 $ $ $ 12,682 $ 118,318 8-14-73 7% 39U,000 31,476 358,524 4-29-74 7% 267,000 ,;,097 247,903 4-22-75 9 1/4$ 43U,ODU 15,928 414,072 7-27-76 9% 429,OUO 9,743 419,257 11-28-78 8 1/2;4 2UU,000 3,163 196,837 10-3U-79 9 114% 938,UJU 7,606 030,394 6-30-81 12 1/4'i 1,119,000 1,524 1,117,476 Total CF C $ 3,904,000 $ -U- S -0- $ 101,219 $ 3,8U2,781 Total AEA and CF C $18,146,000 $25,000 $ -0- $3,331,403 $14,839,597 1 -20- DENTON COUNTY ELECTRIC COOPERATIVE, INC. Denton, Texas Schedule 6 STATEMENT OF INCOME (DEFICIT) AND PATRONAGE CAPITAL FOR THE YEARS ENDED DECEMBER 31, 1981 AND 1980 1981 1980 OPERATING INCOME AND PATRONAGE CAPITAL $11,072,773 $8,768,038 ' OPERATING EXPENSES Cost of Power $ 7,951,973 $6,756,920 Distribution Expense - Operation 237,719 188,444 Distribution Expense - ,,".Maintenance 438,525 351,397 Sales Expense 183 9,081 Consumers' Accounts Expense 414,411 331,126 Customer Service and Informational Expense 49,542 28,993 Administrative and General Expense 346,114 308,267 Depreciation 534,657 472,303 Ta_ces 233,457 192,381 I Interest on Long Term Debt 674,673 515,967 Other Deductions 22,375 19,494 Total Operating Expense and Interest $10,903,629 $9,175,373 NET OPERATING MARGIN (DEFICIT) $ 169,144 $ (407,335) ' NONOPERATING MARGINS Interest income $ 143,511 $ 58,616 Other Nonoperating Income 78,642 62,080 Net Nonoperating Margin $ 222,153 $ 120,696 PATRONAGE CAPITAL ALLOCATIONS - ASSOCIATED COOPERATIVES $ 89,316 $ 132,291 NET MARGINS (DEFICIT) FO12 PERIOD $ 480,613 $ (154,348) -21- DENTON COUNTY ELECTRIC COOPERATIVE, INC, Denton, Texas STATEMENT OF INCOME (DEFICIT) AND PATRONAGE CAPITAL I for the Years Ended June 30, 1982, 1981, 1980, 1979 and 1378 JUNE 30, _ ',82 1981 1980 1979 1918 OPERATING REVENUES AND PATRONACE CAPITAL: Residential $11,014,357 $8,193,028 $6,008,353 $5,508,733 $4,788,651 CcmmeFrlal and Industrial - Small 786,251 641,385 564,666 544,929 481,642 Commercial and Industrial - Large 1,161,026 838,517 669,746 582,568 504,830 Public Buildings and Other Authorities Forfeited Discounts (48) Rent from Electric Property 23,835 23,657 18,564 199739 7,598 Other Electric Revenues 54,184 36,927 28,141 28,308 31,775 Total Operating Revenues $13,039,653 9,733,714 $1,289,470 S6,684,217 $5,814,448 OPERATING EVENSES: Cost of Power S 9,568,746 $7,335,591 $5,421,552 $4,863,314 $4,137,805 Distribution Expense - Operation 306,566 202,797 173,863 126,712 86,375 Distribution Expense - Maintenance 469,385 381,440 276,297 161,888 130,509 Consumer Accounts Expense 445,534 382,444 283,9a4 216,445 2119056 Customer Service and Informational Services 57,335 39,559 35,084 36,682 10,175 Sales Expense 26 4,303 9,983 13,549 20,687 Administrative and General Expense 403,687 310,478 286,540 265,692 251,092 Depreciation and Amortization Expense 567,001 503,464 444,194 405,547 370,948 Taxes 277,637 212,627 162,493 150,068 123,999 Interest - _ang Term Debt 777,36' 572,869 436,689 362,650 309,772 Other Deductions 16,72' _ 'x,929 47,479 67,287 16,266 Total Operating Expense and Interest $129890,499 $9,9641,571 $77578,158 $6,670,034 $5,668,684 Net Operating Margins (Deficit) $ 149,154 (230,787) $ (288,68&) $ 14,243 S 145,764 NO:NOP£RATING MARGINS: ` Interest Income $ 248,119 $ 48,239 $ 53,298 $ 27,805 $ 23,482 ' Other Nonoperating Income 1,661 1,035 5,890 8,894 9,565 Gain on Disposition of Property 60,604 78,121 58,473 Net Nonoperating Margins $310,584 S 127,395 $ 117,661 S 36,699 $ 33,047 CAPITAL CREDITS - Associated Organizations $ 110100 S 168,418 $ 162,432 S_ 2410772 $ 792341 NET MARGINS FOR PERIOD $ 471,438 $ 65,026 $ (80595) S 292,714 $ 258,152 PATRONAGE CAPITAL - BEGINNING OF YEAR 3,222,305 3,002,931 3,011,526 2,763,679 2,566,341 ' Transfer to Other Equities (154,348) 154,348 Retirement of Capital Credit (44,867) (60,814) PATRONAGE CAPITAL - END OF YEAR $ 3,539,395 $3,222,305 53,002,931 $3 011,526 52,76!,679 Q~s ~s r i r s i i I ST:_T°!?Eii OF I`ITENT TO THE PUBLIC UTILITY C0:.eluSSION OF TEXAS *ID THE GO':,.~RNiNG BODIES 0 THE INCORPOR=.TED ' UN?C:PALITIES OF: ALLEN, IVILLE, CARROLLTON, COP?ER C--NYONI, CORRAL --'_TY, CROSSROADS, DENITON;, DOUBLE OAK, EAST-VALE, FAIR`IiEW, F-LOWER NOUND, FRISCO, HIGHLAND VILLAGE, LAKEWOOD VILLAGE, LEWISVIL,LE, LI11COLN PARK, LITTLE ELM, NORTHLAKE, OA.K?OiNiT, PLANO, AND SANGER. I NOW COMES Denton County Electric Cooperative, Inc. (the ' "Utility") and pursuant to the requirements of Section 43(a) of the Public Utility Regulatory Act of Texas (Art. 1446c, V.A.C.S. files this its Statement of In-._ to revise its tariffs and schedules. t I The Utility intends to change all of its rates for electric utility service effective June 22, 1983. Filed herewith are tariff sheets containing the proposed revisions. II. The changes are applicable to all areas to which the Utility ' provides electric utility service. All classes of customers are affected. The Utility expects that. the proposed schedule of ' rates will furnish an additional $1,258,325.00 in revenue as ' compared to the amount of revenue furnished by the existing schedule of sates. This represents an increase o£' approximately 8.4% above the amount furnished by the existing schedule of rates. 1 1 zzz. The schedules in Section R and the billing comparisons in ' Section G of the rate filing package, attached hereto and made a ' part hereof for all purposes, list by consuner classification the number of consumers in the class and the effect that the changes ' proposed for that class will have on the annual revenues of the company. IV. Consumer classification and rate applicability will be ' determined in accordance with 4 proposed rate schedules as shown under the tab marked "Proposed Rate Schedules" and in the schedules ' contained in Section R of the rate filing package attached he-e*_o ' and made a part hereof for all purposes. ' V. The proposed tariff contains a toL.-I power cost adjustment ' applicable to all rate schedules. The base rates for each consumer ' classification are based upon a wholesale power cost of $.058373 p,ir kilowatt-hour sold. Changes in the cost of wholesale power (including fuel) will be reflected in a uniform per kilowatt-hour adjustment to each consumer's bill. This adjustment is computed monthly based on estimates of KWh sales and the total cost of purchased power (including fuel) for the billing period with r,~conciliation for over cr under recovery in the preceding billing 1 -2 periods. This adjustment is subject to approval and/or modifica- tion by the appropriate regulatory authority. The Utility derives no net revenue from this adjus-zment. .7he amount of power cost t which will be incurred in the future cannot be accurately Predicted. car, Inquiries concerning this Statement of Intent should be ' directed to the undersigned at McGinnis, Lochridge & Kilgore, 900 Congress Avenue, Austin, Texas 78701, telephone number (512) e 476-•6-382. Respectfully submitted, McGINNIS, LOCHRIDGE & KILGORE RepublicBank Building, Fifth Floor 900 Congress Avenue Austin, Texas 78701 (512) 476-6982 By: Campbell McGinnis ATTORNEYS FOR DENTON COUITY ELECTRIC COOPERATIVE, INC. P.O. Box 2147 Denton, Texas 76201 1 1 -3- 1 1 r r Denton County Electric Cooperative, Inc. Effective Date Tariff: Electrical Revision No. Section: Electric Service Tariffs Section No. Sheet No. ' SCHEDULE A RESIDENTIAL AND PUBLIC BUILDINGS APPLICABILITY: Service is available for residential purposes, schools, and public buildings with each point of service individually metered and located within the service area. CHARACTER OF SERVICE: , Single-phase, 60 Hertz, alternating current at standard secondary voltages. Three-phase, 60 Hertz, alternating curtient at standard secondary voltages available for public buildings only. Frequency and voltage shall be subject to reasonaLle variation. MONTHLY RATE: May through October Customer Charge: $9.16 per month which includes 30 kWh Energy Charge: Additional kWh at $.077274 per kWh I November through April ' Customer Charge: $9.16 per month which includes 30 kWh Energy Charge: Next 670 kWh at $.077274 per kWh Next 2,800 kWh at $.069114 per kWh ' Additional kWh at $.077274 per kWh MINIMUM CHARGE: The minimum monthly charge under :he above rate shall be $9.16 plus $0.25 per VA over 45 VA of installed transformer capacity, plus PCA charges. BILLING ADJUSTMENTS: This rate is subject to all applicable billing adjustments. Each bill will be adjusted on a kilowatt-hour basis per Rate Schedule B for any variation in fuel and purchased power costs. ' TERMS OF PAYMENT: Each bill for utility service(s), regardless of the nature of the service(s), is due 15 days after issuance unless such day falls on a holiday or weekend, in which case payment is due on the next work day. If full paymen' is not received in the office of the Cooperative on or before the date uch bill is due, the customer's account will be ' considered delin{uent and subject to disconnection in accordance with the rules of the appropriate regulatory authority. Denton County Electric Cooperative, Inc. Effective Date Tariff: Electrical Revision No. _ Section: Electric Service Tariffs Section No. Sheet No. SCHEDULE C COMMERCIAL APPLICABILITY: Service is available to individually metered commercial consumers and three-phase residential consumers with less than 45 kVA of installed transformer capacity throughout the service area. CHARACTER OF SERVICE: Single-phase or three-phase (when available and approved by Cooperative), 60 Hertz, alternating current at standard secondary voltages. Frequency and voltage shall be subject to reasonable variation. MONTHLY RATE: Customer Charge: $10.88 per month I Energy (May-Oct.): $.090712 per kWh for all kWh (Nov.-Apr,): $.085712 per kWh for all kWh MINIMUM CHARGE: Minimum monthly charge shall be $10.88 plus PCA charges plus taxes as outlined below or per contract. BILLING ADJUSTMENTS: Each bill will Le adjusted on a kilowatt-hour basis per Rate Schedule B for variation in fuel and purchased power costs. TERMS OF PAYMENT: Each bill for utility service(s), regardless of the nature of the O service(s), is due 15 days after issuance unless such day falls on a holiday or weekend, in which case payment is due on the next work day, If full payment is not received in the office of the Cooperative on or before the date such bill is due, the customer's account will be considered delinquent and subject to disconnection in accordance with the rules of the appropriate regulatory authority. r Denton County Electric Cooperative, Inc. Effective Date Tariff: Electrical Revision No. Section: Electric Service Ta-iffs Section No. Sheet No. 1 SCHEDULE I INDUSTRIAL APPLICABILITY: ' Service is available to individually metered industrial consumers and three-phase residential consumers with 45 VA or more of installed transformer capacity throughout the service area. ' CHARACTER OF SERVICE: Single-phase or three-phase (when available and approved by Cooperative), 60 Hertz, alternating current at standard secondary voltages. Frequency and voltage shall be subject to reasonable variation. MONTHLY RATE: ' Customer Charge: $25.00 per month Demand (Peak Rider): $2.00 per kWh for all on peak kW (Off Peak): $6.CO per kWh for all Billing kW I Energy Charge: $.04377 per kWh for all kWh MINIMUM CHARGES: The minimum monthly chargo, in addition to the PCA charges, shall be the highest one of the following: 1. $235.00 2. The billing demand plus customer charge. 3. The minimum monthly charge specified in the contract. DETERMINATION OF BILLING DEMAND CHARGE: The billing demand shall be the highest of the following. 1. 35 kW demand at the above off-peak rate. C 2. 75% of the high'-SL actual demand established in the most recent billing months of June through September at the above off-peak rate. 3. Established kilowatt demand for any period of fifteen consecutive minutes during the month for which the bill is rendered, as indicated by a demand meter at the above rate. Denton County Electric Cooperative, Inc. Effective Date Tariff: Electrical Revision No. _..tion: Electric Service Tariffs Section No. Sheet No. SCHEDULE I INDUSTRIAL ' (Continued) ON-PEAK: r The maximum measured kW during the time from 11:00 a.m. to 7:00 p.m. weekdays, daylight savings time, during the months of June through September, constitute on-peak kW. These shall then be defined as the C maximum demand readings for the peak months June through September, regardless of the time of day, if the time-of-day metering is not installed. ' METERING: If the time-of-day option is desireC, the consumer must pay the difference between the installed cost of the time-of-day meter and the standard meter installed cost prior to installation of the TOO meter. ' Cooperative to install tape metering in lieu of, or in addition to, normal meter for load research purposes, at no coat to the consumer. All metering remains the property of the Cooperative. POWER FACTOR ADJUSTMENT: Demand charges may be adjusted for all consumers with 500 kW or more of demand with actual power factors lower than ninety percent (90%) of the power factor divided by the actual power factor. ' BILLING ADJUSTMENTS: Each bill will be adjusted on a kilowatt-hour basis per Rate Schedule B for variations in fuel and purchased power costs. TERMS OF PAYMENT: Each bill for utility service(s), regardless of the nature of the service(s), is due 15 days after issuance unless such day falls on a holiday or weekend, in which case payment is due on the next work day. If full payment is not receives in the office of the Cooperative on or ' before the date such bill is due, the customer's account will be considered delinquent and subject to disconnection in accordance with the rules of the appropriate regulatory authority. Denton County Electric Cooperative, Inc. Effective Date Tariff: Electrical Revision No. 1 Section: Electric Service Tariffs Section No. Sheet No. ' SCHEDULE ZL SECURITY LIGHTS a APPLICABILITY: Service is available to all members receiving service with the service area. CHARACTER OF SERVICE: Single-phase, 60 Hertz, alternating current at available secondary voltage. Frequency and voltage shall be subject to reasonable variation. MONTHLY RATE: ' Monthly rate per lamp shall be as follows, plus fuel adjustment charge, based on kWh shown, when installed on existing wood pole using standard luminaire and service from existing service. Lightiag 175 Watt $ 8.10 per month ( 70 kWh) 400 Watt $ 9.55 per month (160 kWh) I 1,000 Watt $14.85 per month (400 kWh) ' The Cooperative will, at the request of the member, install a maximum of two poles (not to exceed 300 feet of conductor) at an additional cost of $1.00 per pole 3er month. I BILLING ADJUSTMENTS: ' Each bill will be adjusted on a kilowatt-hour basis per Rate Schedule B for variations in fuel and purchased power costs. TERMS OF PAYMENT: Each bill for utility service(s), regardless of the nature of the service(s), is due 15 days after issuance unless such day falls on a holiday or weekend, in which case payment is due on the next work day. If full payment is not received in the office of the Cooperative on or before the date such bill is due, the customer's account will be ' considered delinquent and subject to disconnection in accordance with the rules of the appropriate regulatory authority. O Denton County Electric Cooperative, Inc. Effective Date Tariff: Electrical Revision No. ' Section: Electric Service Tariffs Section No. Sheet No. ' SCHEDULE B BILLING ADJUSTMENTS Power Cost Adjustment (PCA) - The bills for all rates will be adjusted on a per kWh basis for deviations in the purchased power cost above or below the base power cost as follows: ?CA - (A + C)/kWh - B Where: e PCA = Power Cost Adjustment (expressed in $ per kWh) to be applied to energy sales for the billiT. period. ' A = Total Estimated purchased power cost from all suppliers C (including fuel) for the billing period. C = Adjustment to be applied to the current monthly billing ' to account for differences in PCA related costs and revenue for previous periods. kWh v Total estimated energy sales for billing period. B = Base power and fuel cost included in the Cooperative's rates at $.05b373 p.r kWh. I I. 1 1 1 1 1 1 t DIRECT TESTIMONY OF BILL McGINNIS #1 Please stag Q your name, business address and position with Denton County Electric Cooperative (the "Coopera- tive"). ' A My name is Bill McGinnis and my business address is ' 3000 West University Drive, Denton, Texas. I hold the position of General Manager. ' #2 Q What are your responsibilities as General Manager? A I am the chief executive officer of the Cooperative. In this capacity I am responsible: for the overall opera- tion of the Cooperative within the policy parameters established by the Board of Directors. #3 Q Describe your experiei..^e in electric utility management. A In 1967 I graduated from Tarleton State University with ' a Bachelor of Science Degree in Agriculture. Following that I took 13 hours of graduate work toward an M.S. degree in Education from Texas A&M University and worked for the Texas Agricultural Extension Service until 1969. My first job with an electric cooperative t was in the position of Member Service Advisor for t Comanche County Electric Cooperative beginning in 1969. As Member Service Advisor I was responsible for Public 1 i i Relations, handling consumer complaints, and providing sales information to members. In 1975 I was promoted N to Assistant Manager at Comanche County Electric Coop- erative. I remainea in that position until 1977 when I became employed as Assistant Manager of Concho Valley Electric Cooperative. My duties as Assistant Manager at both Comanche and Concho Valley were much the same ' as those of most general managers. Subject to the ' approval of the Board and the General Manager I was responsible for overseeing most aspects of the business including employee relations, public relations, service to members, accounting, and other responsibilities as ' assigned. In 1980 I assumed my present position as ' manager of Denton County Electric Cooperative, Inc. One of my first tasks was to testify before this Commis- sion on behalf of the Cooperative in a rate proceeding that was then pending. ' #4 Q What is the purpose of your testimony in this proceeding? ' A The purpose of my testimony is to explain the management considerations which underlie the decision of the ' Cooperative to file this rate application, to explain the policy objectives which guided its preparation and ' to provide other information that may be useful in evaluation of the application. 1 1 Please describe ariefly the nature of the Cooperative and its operations. ' A Denton County Electric Cooperative is a cooperative corporation organized under the laws of the State of Texas. A cooperative is a private corporate entity ' owned by its consumers (or members) rather than by shareholders. The consumers manage the Cooperative through a Board of Directors elected from and by the o membership at a:lnual meetings. The Cooperative operates a retail electric distri- ' b,itior. system only, purchasing in bulk at wholesale all of the electric power and energy which it distributes and resells to its customers. The Cooperative does not ' engage in generation, and consequently does not purchase directly any fuel used in generation of the energy which ' it delivers to its customers. Fuel costs are passed through to the Cooperative by means of fuel adjustment ' clauses in its wholesale power contracts. ' A description of the Cooperative's service area, sources of power, distribution facilities, and other ' pertinent facts appear in the rate filing package section M, which I include in this testimony as my own statement. #6 Q What considerations prompted the Cooperative to seek a rate increase? ' -3- A Analysis required in connection with recent financing indicated the need for an increase in rates by the Cooperative in order to service the borrowing and to ' maintain required operating ratios. In response to the results of these analyses, the Cooperative decided to ' retain C. H. Guernsey to conduct a revenue analysis and cost of service study for operations conducted during the test year January 1, 1982 through December 31, ' 1982, and to prepare rate adjustment recommendations based thereon. The operating results for that test ' year and the revenue analysis confirmed the need for rate adjustments. The Board of Directors reviewed and approved the rate analysis, cost of service study, and the rate recommendation prepared by C. H. Guernsey. It then authorized by resolution, the filing of the rate changes proposed therein with the appropriate authori- ties, and employed the law firm oZ McGinnis, Lochridge { & Kilgore to file and prosecute the Rate Application. #7 Q Are the rate analysis, cost of service study and rate recommendations prepared by C. H. Guernsey incorporated in the filing of the Cooperative? A Yes, they are contained in, and form the basis of, the rate filing package submitted for the Commission's consideration in this case. -4- ' #8 Q Who prepared the studies and analysis approved by the Board and incorporated into this filing? ' A Mr. Carl N. Stover of C. H. Guernsey & Company analyzed ' the finar.--.ial requirements of the Cooperative. Mr. Archie Holtan of C. H. Guernsey & Company prepared the ' rate analysis and the proposed rate adjustments contained in this filing. Bob Beam, an accountant with the firm of Bolinger, Segars, Gilbert and Moss in Lubbock, ' prepared certain accounting adjustments for ratemaking purposes. The basic data upon which these analyses ' were based were provided by me ar.d my staff. The data are derived from the financial results of the fiscal ' year which serves as the test year for the filing. ' #9 Q Are the data utilized by these individuals in conducting their analysis and preparing the rate filing package, ' submitted in this case accurate to the best of your knowledge? ' A Yes. #10 Q In your opinion, does the analysis properly reflect the operations of the Cooperative? ' A Yes. #11 Q Please briefly describe the areas covered by the analysis. A The analysis deals with three general subject areas ' with which we are concerned. First, we are concerned ' -5- ' with the overall financial requirements of the Coopera- tive necessary to pay its expenses, to preserve its financial integrity and to service its requirements for ' equity management. Second, we are concerned with the general equitability of the rates charged the various consumer classifications, impact and consumer acceptance considerations. Third, we require a power cost adjust- ment (including fuel) in order to effect a fair and reasonable flow-through of power costs to our consumers. #12 Q What were the general results of the analysis? A Carl Stover, Jr. will provide detailed testimony explain- ing the study that was performed for the Cooperative. In general, the study indicates the need for a general rate increase totaling $1,258,325.00 which is 8.4% of adjusted operating revenues. #13 Q How do you evaluate the financial requirements of the Cooperative? A An understanding of the financial requirements of the Cooperative requires some understanding of the coopera- tive form of enterprise. Like all forms of business 1 enterprise, a cooperative must recover its expenses, taxes, depreciation and cost of capital through the rates it charges its customers. The financial require- ments of a cooperative with respect to meeting its expenses, taxes and depreciation are identical to all -6- 1 ' other business forms. Differences in the sources of capital for a cooperative corporation and those of an investor-owned form of enterprise, however, result in certain distinctions in the proper computation of the revenue requirement imposed upon a cooperative by its M use of capital. #13(a) DEBT CAPITAL The availability and cost of debt capital for cooperatives is in a state of transition. The primary source of debt capital for a cooperative historically has been long-term mortgage loans from the Rural Electrifi- cation Administration (REA). The REA was established to O provide a source of capital for the development of rural electric distribution systems. REA administers federal loan funds appropriated for this purpose. While enti- ties and titilities other than cooperatives could qualify for these loans, most REA-financed systems were, in ' fact, built by newly founded cooperative corporations which commenced operations 100% debt-financed by REA loans. It was never intended, however, that these entities remain 100% debt-financed. In order to become viable economic entities, they would have to build ' equity to a satisfaztory level by the accumulation of earnings in excess of debt cost. ' Historically, Congressional and Executive policy has been to appropriate sufficient funds to meet the total debt capital needs of REA systems and to make ' these funds available at 2% interest. Recent policy has focused upon transitioning REA systems to other sources of capital by reducing the amount of REA debt capital available to viable systems to less than their total requirements and by increasing the interest rate to 5% on REA loan funds that are provided. The National Rural Utility Finance Corporation (CFC) was formed under the auspices o:- REA to meet the requirements of REA systems for debt capital to the ' extent these requirements were not funded by REA. CFC ' is, in effect, a finance cooperative .omposed of member electric cooperative systems. CFC obtains its funds through normal commercial credit markets at the going rate by the sale of its bonds. These bonds are secured by the mortgage notes issued to CFC by its member systems in exchange for loan funds advanced to the member :systems by CFC. The availability and rate of this debt capital are determined, therefore, by investors in the capital markets in accordance with their evalua- tion of the risk associated with loans by CFC to its ' members. ' -S D Mature cooperative systems are now beginning to rely upon CFC funds and will do so at an ever-increasing level in the future. The effect of this change is two- fold. First, the availability and cost of capital to cooperative systems is affected by market assessments of the financial integrity of cooperative systems. Responsible cooperative management (and regulation) must become increasingly concerned with establishing ' and maintaining equity ratios consistent with debt market requirements. ' The second effect is that the embedded cost of debt and, consequently, the revenue requirement to meet ' TIER and DSC coverage requirements will increase with ' each additional funding under a composite REA/CFC loan. The embedded cost of debt has been 2% historically, ' however, REA/CFC loans, carry a 5% rate on the REA component with the rate on the CFC component presently ' in the range of 11.75%. The CFC component presently varies from 10% to 30% of the total loan, resulting in a dramatic increase in the debt cost, associated with ' any naw plant requirements. The Cooperative was a 70% REA and 30% CFC Borrower on its last loan. i Increasing plant requirements imposed by the need for system upgrades and by system growth, together with inflated cost of new plant, result in ever larger annual 1 -9 e e e construction budgets. These budgets are, of course, funded with new debt. At the same time, old 2% debt is retired. These factors combine to cause a sharp increase in annual interest on embedded debt. While the manner in which the interest rate is established on REA loans is different from, and the rate lower than, most conventional loans, the ler_der reeruirements and service obligations on both REA and CFC loans are otherwise the same as typical conven- tional long-term debt financing. A cooperative must earn a return at least equal to the interest cost on its outstanding debt. Because rates are prospective in e application, they should also cover the interest cost ' that will be experienced as a result of additional loan funds to be advanced during the effective period of the rates. These amounts have been projected and included in this filing. e In addition, the debt obligations and mortgage indentures of the cooperative define a minimum financial performance which must be satisfied by its overall ' return. TIER (times interest earned ratio) and DSC (debt service coverage) minimums of our existing mortgage and e loan agreements define the minimum financial performance ' to avoid default on borrowings. REA mortgages and REA/ CFC common mortgages and loan agreements executed there- under require the borrower to maintain, as a minimum, a ' -10- 1 1 TIER of 1.5 and a DSC of 1.25. These levels define a default under the REA mortgage. CFC reccmmends a TIER of 2.5 to 3.5 as the level necessary to be able to ' obtain funds from money markets at reasonable rates. TIER is calculated by dividing the sum of patron- age capital margins plus interest expense by interest expense. DSC is an operating ratio computed each year by adding the cooperative's patronage capital margins, ' interest expense, depreciation, and amortization expense and dividing the total sum by an amount equal to the sum of all payments of principal and interest required to be made annually on account of the Cooperative's debt. ' Interest expense is considered in the denominator of each of these ratios. This emphasizes the multiplier e effect that an increase in interest expense has upon the net return requirement necessary to sustain either ratio. Additional borrowings, particularly at a higher rate of interest dramatically increase the required return. Growth in required plant investment creates th- requirement for additional borrowings and equity capital if the Cooperative is to meet the requirements ' of its members. #13(b) EQUITY CAPITAL Establishing and preserving an adequate level of ' equity capital is essential to the financial integrity 1 -11- ' of a cooperative just as it is for other enterprises. The primary ui.ffererce in determining the financial requirements of a cooperative from that of other forms ' of enterprise, however, arises with respect to deter- mining the revenue necessary to meet its equity needs. 1 The equity capital of the cooperative is secured from its ratepayers in the form of net operating margins which 1 they pay as part of the rates charged for electric ser- vice provided to them. Thus, while an investor-owned utility secures from its ratepayers funds necessary for t it to purchase from stockholders the use of the neces- sary level of equity capital, a cooperative secures the equity capital directly from its ratepayer-owners. This ' equity is obtained primarily through net operating margins earned from members on the sale of electricity. ' The equity in a cooperative system is called patronage capital. Each cooperative commences opera- tions with 100%,, debt. The cooperative then builds to the desired equity ratio over time as it accumulates the earnings or net margins which accrue from the ongoing operations of the cooperative. These net operating margins are allocated to the membership in proportion to ' their consumption as capital credits. Patronage capital represented by these credits is available for distribu- tion to the membership only after the Cooperative makes t -12- ' adequate provision for equity maintenance and building requirements and only to the extent that realized net margins exceed this amount. Four distinct but related factors determine: the equity needs of a cooperative. These are: (1) the desired equity ratio; (i) the relationship between the existing equity racio and the Hezired ratio; (3) the ' growth rate of the cooperative; ar,d, (4) the require- ments for rotation of equity capital. I will discuss each of these factors separately. ' 4`13 (c) ( 1 The Desired Equity Ratio. As I mentioned above, a cooperative must establish and maintain the equity ratio dictated by good manage- ment policy. The equity ratio of a cooperative has become increasingly important as cooperatives have become more dependent upon their ability to attract debt capital front alternative sources through CFC. The ' management of the Cooperative determines the desired equity ratio in much the same manner, and in consid- eration of the same factors, as the management of an investor-owned corporation determines its capital structure. In both cases, the ratio of equity capital ' is determined as a matter of management discretion ' exercised by the Board of Directors in consideration of such factors as: ' -13- M (a) lender requirements, (b) a judgment as to the debt-equity ratio which yields the lowest composite cost of capital consistent with ongoing avail- ability of sufficient debt capital to meet growth requirements, and (c) the need for a sufficient equity cushion ' to absorb changes in the availability and cost of debt capital and to compensate ' for sudden surges in plant requirements. ' Most cooperatives find -his level to be in the range of 35% to 45% as do most investor-owned utilities. Similarly, the REA/CFC mortgage prohibits, with certain exceptions, distributions of capital credits unless the cooperative has a 40% equity. #13(d) (2) The Relationship Between the Existing Equity Ratio and the Desired Ratio. The need to build equity to the desired level imposes a financial requirement. Many mature coopera- tives have built equity to, or close to, the desired equity level. Return necessary to build initially to the desired equity level, therefore, may not be a 1 substantial consideration in determining the return u requirements of such cooperatives. u -14- Other cooperative systems have not matured to the point where system equity is at the desired ratio. In addition, many cooperatives, which hac: achieved a satis- factory equity level, have in recent years suffered a diLition in equity as a result of rapid growth in plant ' requirements and escalating interest costs. In these cases, equity building become-- a consideration in estab- lishing revenue requirements. While REA loans have always contemplated a building of equity to the level req~iired for financial soundness, this consideration has ' become much more important in recent years as coopera- tives have, been compelled to acquire ever-increasing amounts of capital from commercial capital markets th=ough CFC and directly. #13(e) L3) The Growth Rate of the Cooperative. The return to equity required by a cooperative is also a function of growth in total plant. Electric ' cooperatives, like all other electric utilities, are experiencing substantial growth in total capital required to meet their service obligations. Patronage capital must be accumulated at a rate equal to the rate of system growth in order to preserve the capital structure of the cooperative. Thus, the cooperative must receive a percent return on equity equal to the percentage rate of system growth in order' to preserve its existing equity. I -is- I' #13(f) (4) The Requirements for Rotation of Patronage Capital. The fourth consideration affecting required return to equity is rotation of patronage capital. The coopera- tive concept is not based upon a return on equity but upon a return of equity at some point, in time. The ' concept contemplates not a diminution of required equity but a rctation of equity by retiring old credits as new ones accumulate such that each member bears an equal proportion of equity capital burden over time. ' The tax exempt status of a cooperative is based upon ' this concept of return of equity rather than return on equity. The rotation policy of the cooperative is determined by its member-owners through the Board of ' Directors. The return requirements necessary to service a ' rotation are in addition to the return necessary to preserve equity. The percentage return necessary to service any given rotation policy is mathematically calculable. The return requirements necessary to service a rotation schedule are not necessarily related ' to any return required to build equity to the desired level. However, because the REA mortgage precludes rotation until the cooperative builds to, and can ' preserve a satisfactory equity level, the two concepts can be related. A logical rate for building equity to ' -16- ' the proper equity level is the rate necessary to ser- vice the rotation once the equity level is achieved. This srr.ooths the revenue requirement over time and ' results in a more equitable treatment of members. This approach provides an orderly rate of equity growth appropriate to most cooperatives other than those with a severe disparity between existing and desired equity. ' #14 Q You have described in general terms the financial requirements of a cooperative form of enterprise. Please specify each of these requirements for Denton ' County Electric Cooperative, Inc., in particular, beginning with the composition source and cost of its presently outstanding debt capital. ' A The composition, source, and cost of debt capital outstanding as of the end of the test year is found in ' section S of the rate filing package. Our composite embedded interest rate is now 5.66% which is the result ' of higher interest rates on new borrowings. I have discussed three factors that impose equity requirements upon the Cooperative. These are as follows: ' 1. the rate of growth of net investment in ' electric plant; ' 2. the need to build from the present equity ratio to the desired ratio, and -17- ' 3. zhe amount re wired to service our rota- ti.,n of capital credits. ' I will discuss each of these requirements separately. 1. The Rate of Growth of Net ' Investment in Electric Plant The equity ratio of the Cooperative as of Decem- ber 31, 1982, the end of the test year, was 21.5%. A rate of equity growth approximately equal to our growth ' in net plant is necessary just to hold the equity ratio ' of the Cooperative at the existing level. We expect our growth in net plant investment to be in the 11% range over the next three years. This rate of investment is approximately equal to our compound growth rate in ' net plant from 1978 to 1982. . 2. The Need to Build From the Present Equity Ratio to the Desired Ratio The optimum and desired equity ratio for the ' Cooperative is in the range of 40%. The equity ratio of the Cooperative as of the end of the test year was ' 21.5%. The Cooperative has as an otJective to move its equity ratio to a 407. level over time and feels that improvement of the ratio at least at the rate of 2% per ' year is desirable. -18- 1 1 ' 3. Amounts Required to Service Rotation of Patronage Capital The Cooperative is on a 28-year rotation cycle. That is to say that by the end of the test year the ' Cooperative had paid back to its members all capital credits assigned through the year 1953. The board of directors has the objective of main- taining a 20-year rotation cycle using the percentage method of capital credit rotation. The percentage 1 method simply averages the capital credits to be refunded over the rotation cycle. This average then represents the dollars that will need to be refunded ' each year if the cycle is to be maintained. Generally, the Cooperative has rotated back to its ' membership the dollars that were first paid in as margins. (FIFO) This is consistent with the percentage method of rotation and may require that the Cooperative ' rotate more or less than the capital credits assigned in any annual period. Last year (1982) for example, t the Cooperative rotated the capital credits for two years, 1952 and 1953. ' #15 Q What is the objective of the Cooperative zega.rding TIER ' coverage? A The Cooperative has as an objective to maintain its TIER in the 2.5 to 3.5 range. ' -19- ' n16 Q Has the Cooperative previously had a major rate case considered by the Commission? ' A Yes. In February 1981, the Commission approved a rate ' increase, Docket 3470. In that proceeding, the Commis- sion authorized an 8.8'; rate of return based on the ' Cooperative's request less the $ required to rotate G & T capital credits to our wholesale power supplier, ' Brazos Electric Power Cooperative, Inc. ' #17 Q Has the Cooperative actually achieved an 8.8/ rate of return? ' A No. The highest twelve-month average rate of return has been in the range of 6%. In large measure the lower return has been due to increased interest costs ' and greater plant growth'. The CFC interest rate for example was projected to be 10.5% in our last filing, ' however, the actual interest rate on the CFC portion of our last loan was 12.25%. Because the Commission authorized rate of return has not materialized, we have not been able to meet all of our financial objectives. In Docket 3470, the return ' was established in order to acheive the following: 1. TIER of at least 2.5. 2. Equity growth at the rate of at least ' 2.2% per year from a December 1980 test year end level of 26.1%. It was assumed ' -20- 1 ' that the compound rate of growth in net plant would remain around 8.69; per year. ' 3. Reduction in the capital credit rotation cycle from 29 years to 20 years over a 5 year period. ' Even before the Commission granted our rate increase equity had fallen to approximately 22;;. Our 1981 rates have in large measure stabilized equity around 21%, however, we have not been able to increase equity because our plant growth rate has been in the range of 11% (instead of the projected 8.6%). Similarly TIER ' has not remained in the range of 2.5. At test year end (December 31, 1982) TIER was right around the default level, 1.51. By the end of March it slid even further to . 83. #18 Q Has the Cooperative been able to achieve any reduction in the capital credit rotation cycle? A Modest gain: have been made in this ,.rea. Last year ' the Cooperative rotated 1952 and 1953 capital credits. Thus we have shortened the rotation cycle by one year and are now on a 28-year cycle. ' As in the last major rate case the Cooperative would like to shorten the cycle to 20 years over the ' next 5 years or ao. I -21- #14 Q why does the Cooperative want to shorten the cycle? A A 20-year cyc1-- is reasonable for Denton County Electric Cooperative. The Cooperative's service area is rapidly becoming urban in character. Over 50% of our meters are now located within the city limits of a town or village. ' In large measure this is because the Cooperative is very close to the Dallas-Ft. Worth metroplex. ' Urbanization within the Cooperative's service area ' has changed the composition of our membership. Typi- cally, a member on our system now is much more mobile ' and less apt to stay on the system long enough to recEive the benefits of rotation if the cycle is 28 years. of cvirse, we make every reasonable effort to ' rev:rn capital cred'_ts whether or not the member has mov^d. in fairness, however, the Cooperative should D not have the use of the member's money any longer than reasona:)ly necessary and should have a reasonable probability of being able to return these funds. 1 #20 Q What is the nature of the construction work in progress account of the Cooperative? ' A Because the Cooperative engages in the distribution of electrical power and energy which it purchases in bulk, our construction work consists primarily of line exten- sions and other construction undertaken in the ordinary course of business to extend service to new customers. 22- 1 1 ' System improvements are in the nature of line upgrades and ssbstation additions and changeouts. These are ' short-term projects which come on-line very shortly t after initiated. Most construction projects are com- pleted and on-line within 30 days. Virtually all are ' on-line within six months. Thus so-called CWIP is actually used and useful to provide utility service to ' customers within six months of the first cost incurred ' in the project. The balance of the test year CWIP account, therefore, actually represents a known change ' in test year plant which is, at the time of this hearing, actually used and useful to render electric service. For this reason, it is properly included in rate base ' as a known change in plant. #21 Q Are you proposing a power cost adjustment provision as ' a part of the rates? A Yes. ' #22 Q Would you explain why the Cooperative is requesting a ' power cost adjustment as a part of its proposed tariff? A The power cost adjustment is designed in compliance ' with Commission rules to pass through increases in power costs (including fuel) charged to the Cooperative by its wholesale suppliers. Such increases do require approval of the Commission or the Federal Energy Regulatory Commission. Thus, they necessarily will -23- 1 ' have been reviewed and approved by the Commission in consideration of the inescapable consequence of being ' passed forward to the Cooperative and other wholesale ' power customers. The cost of purchased power including fuel constituted approximately 80% of our total operating costs during the test year. This figure emphasizes the drastic effect that changes the cost of purchased power have upon the financial condition of the Cooperative. Absent a power cost adjustment to reflect such changes, the Cooperative will automatically be put to multiple hearings to secure additional revenue utilized solely to pay cost increases approved by the Commission. One need only consider the multiplicity of proceedings and potential delays to realize the a..pense, effort and financial jeopardy to which the Cooperative will be subjected if its tariff has no power cost adjustment. ' The consequent burden placed upon the Cooperative, and, indirectly, upon the ratepaying public seems unneces- sarily onerous. This is particularly ;rue when one considers the expense in relation to the total resources of the Cooperative and the number of consumers served ' by the Cooperative. Moreover, the affort and expense involved serves no useful purpose. Such a result should be avoided, if possible. 1 ' ^24- r r The proposed tariff contains a power cost adjust- ment designed to meet this objective. The base rates for each consumer classification are based upon the r present wholesale power costs applicable to the Coopera- tive, including fuel costs. Changes in the wholesale r power cost will be reflected in a per kilowatt-hour adjustment to the base rates of the Cooperative. The r adjustment is made monthly based on estimates of power ' costs and energy usage then reconciled to actual figures the following month. ' #23 Q Has the service arf:a of the Cooperative been certificated by the Public Utility Commission of Texas? A Yes. ' #24 Q Does your service area include any area located within the incorporated limits of any municipality? 1 A Yes, we are certificated to serve and are engaged in providing retail electric service within the incorpo- rated limits of each of the riunicipalities listed in ' our Statement of Intent. Additionally, we provide service in five cities: Argyle, Aubrey, Hebron, Hickory ' Creek, and Krugerville. The Commission's files reflect these cities have relinquished ratemaking jurisdiction ' over electric utilities to the PUC. #25 Q Does the Cooperative intend to make the changes proposed in its petition to the Commission in all of its munici- palities? -25- A Yes. It is very important for the Cooperative to have uniform rates system-wide. In addition to the problem t of inequitable treatment of our members, different rate schedules for different areas would impose substantial unproductive administrative burdens on the Cooperative to the detriment of all members. The Statement of Intent filed with this Commission was filed contempo- raneously with the governing body of each municipality 1 within which retail electric service is provided. The Cooperative is attempting to secure approval by muni- cipal authorities and the Commission in a mariner which will result in all changes becoming effective in all ' areas at the same time. ' #26 Q Are you familiar with the accountants' report of Bolinger, Segars, Gilbert and Moss and the financial statements accompanying that report as contained in the filing of the Cooperative? A Yes, these are the actual financial statements of the Cooperative for the test year and the accountants' report based thereon. These were prepared for the ' Cooperative by Bolinger, Segars, Gilbert and Moss based upon the annual audit of our accounts. These documents r are regularly relied upon by the management and Board ' of Directors of the Cooperative in its day to day ' -26- 1 business and are included in the filing of the Coopera- tive as numbered exhibits. Additionally, our accountant ' has provided a "comfort letter" which the Cooperative ' has included in the rate filing under section "T" of the rate filing exhibits for the purpose of satisfying ' Commission Rule 052.02.00.039. #27 Q Are you familiar with the letter from Bolinger, Segars, ' Gilbert and Moss to the Cooperative which is contained in the rate filing package under the tab marked "Accoun- tant's Report?" e A Yes, this is a true and correct copy of an opinion letter requested by the Cooperative for the purpose of ' satisfying the opinion requirement of Commission Rule 052.02.00.039. , #28 Q Does the Cooperative propose any change in its service ' rules and regulations? A No. Our service rules were reviewed by the Commission in 1980/1981 in Docket 3470. ' #29 Q Does this conclude your Direct Testimony? A Yes. 1 ' -27- 1 1 DIRECT TESTIMONY Mr. Robert Beam Bolinger, Segars, Gilbert 3 Moss Lubbock, Texas 1 Q Please state your name and address. 2 A Robert Beam, my business address is 1623 10th Street, Lubbock, Texas 3 79401. 4 Q By whom are you employed and what is your position? 5 A I am a staff accountant in the cei-tified public accounting firm of 6 Bolinger, Segars, Gilbert & Moss. 1 am one of the parties in our 7 firm responsible for the firm's activities before State Regulatory 8 Agencies. My primary areas of activity include financial and rate 9 analysis, long range system planning and varlous system studies. 10 Q Please briefly summarize your educational and professional back- 11 ground. 12 A I have been associated with this same accounting firm since April 16, 13 1978, and I have been a Certified Public Accountant since November 14 21, 1981. 1 hold a Bachelor of Science degree from the University of 15 Alabama, Tuscaloosa, Alabama. Our firm is engaged as independent 16 auditor by approximately forty electric; and telephone cooperatives 17 located, in Texas, New Ittexleo, Arizona and Oklahoma. In addition, we 18 have prepared power requirement studies and financial forecasts for 19 our audit clients, as well as for other utilities not our audit 20 clients. We have prepared several rate studies and cost of service 21 studies and have appeared in rate matters before state regulatory 22 commissions in the states of Arizona, Texas, New Mexico and 23 Oklahoma. i -I- 1 Robert Beam 1 Q Would you please describe your involvement in the rate filing of Denton 1 2 County Eiectric Cooperative, Inc. (hereinafter referred to as the Coop- 3 erative). 4 A The firm of Bolinger, Segars, Gilbert 6 Moss was retained by the Board 5 of Directors of the Cooperative to prepare certain schedules of account- 6 ing information to be included in the rate filing package to be submit- 7 ted to the Public Utility Commission of Texas, in connection with the 8 Cooperative's request for an increase in its electric rates. 9 Q What is the source of the basic data utilized by you in the prepara- 10 tion of the rate filing package? 11 A All such information and data used in the development of schedules which 12 we have prepared was supplied directly by the Cooperative, through com- 13 munication with Air. Bill McGinnis. Cooperative manager, and members of 14 his staff. 15 Q Was the information you received presented from sources maintained in 16 accordance with generally accepted accounting principles? 17 A Yes, it was. 18 Q Do you consider the schedules which you have furnished in connection 19 with the rate filing package to be reasonably adequate for the purposes 20 submitted, unless otherwise so stated therein? 21 A 1 do. 22 Q Would you please state the test year used in the preparation of your 23 exhibits. 24 A The test year is the twelve month period ended December 31, 1982. 25 Q Was all the work performed by you or under your supervision? t -2- Robert Beam r 1 A Yes. The basic financial exhibits, including adjustments thereto, were 2 irepared by me or under my supervision. The rate design and cost of 3 service study included in the rate filing package were prepared by C. H. 4 Guernsey a Company. 5 Q What exhibits are you sponsoring? 6 A I am sponsoring the financial exhibits found in Sections A through L, 7 and Section S. 8 Q Please describe the overall objectives of the schedules which you are 9 sponsoring. 10 A The objectives of these schedules are to present financial exhibits, 1 11 together with certain adjustments necessary in order to present a normal 12 twelve month operation of the cooperative. These schedules all relate 13 to the financial statements for the test year, namely Schedules J-1.0, 14 K-1.0, and L-1.0. The adjustments which have been made to the test year 15 information represent known changes in the various operating expenses of 16 the cooperative during the test year, and shortly after the end of the 17 test year. 18 Q Would you describe each of the adjustments that have been made to the 19 test year. 20 A Schedules A-2.0 through A-11.0 of Section A of the rate filing package 21 summarize the adjustments to revenue and expense as proposed for the 22 test year; I am sponsoring the adjustments described in Notes 1 through 23 8 of Schedule 1-2.0 through A-2.5, as follows: 24 (1) Payroll adjustments totaling $153,418 were made to reflect annual- 25 ized salaries at salary scales in effect at January 1, 1983. In addi- -3- Robert Beam r 1 tion, increases granted July 1, 1983 have been considered in our 2 computations. Also, the addition of s.x new employees since test year 3 end have been included. 4 The payroll adjustment as computed reflects the effect on total operat- 5 ing expenses of the cooperative, as involves labor expenses, had the pay 6 scales placed in effect at July 1, 1983 been in effect for the entire 7 test period. The salary increases which have been taken into consider- 8 ation in the computation of the payroll adjustment are the result of a 9 general revision of the cooperative's wage and salary plan, designed to 10 provide employees with wages commensurFLte with the wages of the em- 11 ployees of neighboring cooperatives for the performance of similar 12 functions. This salary increase has been included in these adjustments 13 because of the fact that by the time the rate filing and the hearing 14 process has been completed and new rates approved, the cooperative will 15 have incurred salary expense at this pay scale. The rates placed into 16 effect as a result of this filing must support this pay scale, and 17 should, in our opinion, be structured accordingly. The computations and 18 supporting information pertaining to the payroll adjustments are set 19 forth in Note 1 of Schedule A-2.0, with supporting computations as 20 reflected on Schedule A-3.0, 21 (2) An adjustment in Administrative and General Expense totaling 22 $(11,373) has been made consisting of (a) the increase in overhead costs 23 relating to increased payroll costs described in (1) above - $18,518; 24 (b) the increase in major medical premiums due to increased per employee 25 cost totaling $8,964; (c) the estirrated portion of tho total cost of the -4- Robert Beam t 1 cooperative's rate filing - $10,000 - which represents one-half of the 2 total estimated cost of $20,000; (d) the elimination of expenses of the 3 cooperative incurred during the test year involving legislative expenses 4 - ($1,056); (e) the reclassification of the PUC assessment from 5 Administrative and General expense to Other Tax expense in the amount of 6 ($24,900); (f) reclassify electricity used in cooperative's offices to 7 cost of power - totaling $(22,899). All of these adjustments are set 8 forth in Note (2), beginning on Schedule A-2.1, and concluding on 9 Schedule A-2.2. 10 (3) An adjustment for interest on consumer deposits totaling $11,365. 11 (4) An adjustment has been made to depreciation expense in the amount 12 $60,606 to reflect the depreciation expense computed on plant balances 13 as of December 31, 1982. The computations supporting this adjustment 14 appear on Schedule A-4.0. 15 (5) An adjustment in tax expense totaling $38,783 has been made consist- 16 ing of (a) the reclassification of PUC assessment from Administrative 17 General Expense to tax expense as described in 2(d) - $24,900; (b) the 18 additional PUC assessment and franchise taxes resulting from the revenue 19 increase in connection with the annuaiization of wholesale power costs - 20 $113 and $1,374; and (c) the increase in payroll taxes as a result of 21 the payroll adjustment described previously in (1) - $(12,396). An 22 additional adjustment for PUC assessment o` $2,098 and franchise taxes 23 of $16,827 on the revenue from the proposed rate increase has been made. 24 This adjustment is prepared and sponsored by C. H. Guernsey & Company. r 25 (6) An adjustment in interest expense on long term debt has been made in -5- Robert Beam 1 the amount of $13,179, representing the interest expense computed on the 2 balance of long term debt as of December 31, 1982 and for indebtedness 3 incurred since the end of the test year. This computation is presented 4 on Schedule A-5.0. 5 (7) An adjustment has been made to consumer accounts expense in the 6 amount of $628 to reflect the additional bad debt accrual as a result of 7 the revenue resulting from the wholesale power cost annualization. An 8 additional adjustment of $7,685 has also been made to reflect the bad 9 debt accrual resulting from the additional revenue generated by the 10 proposed increase in electric rates. See Schedule A-6.0. 11 (8) There is also an adjustment of $4,000 to Distribution - Operations 12 and $25,000 to Consumer Accounts expense related to the annual transpor- 13 tation expenses on the purchase of a vehicle for the new engineer an.3 14 three vehicles for the new meter readers. These new employees are 15 included in the additional hirings mentioned in Note 1 on Payroll 16 Adjustment. 17 Q Are there any differences in the accounting principles which have been 18 applied to the financial statements included in this Rate Filing Package ' 19 to the principles which might be applied in presenting financial state- 20 ments to any other agency? 21 A No; all financial statements presented by the cooperative to the Public 22 Utility Commission of Texas, to REA and CFC, and other agencies, if any, 23 to whom financial statements are presented, are all prepared on the same 24 uniform basis. 25 Q Does this conclude you ~ testimony? 26 A Yes, it does. -6- AFFIDAVIT THE STATF OF TEXAS S COUNTY OF LUBi3OCK S Before me, tLe undersigned notary I colic, personally appeared ROBERT BEAM, who being by me first duly sworn osi oath deposes and says that the foregoing prepared direct testi. , )ny and statement of fact contained therein are true and correct to the best of his knowledge and belie`. ROBERT BEAM Subscribed and sworn before me this 2nd day of May, 1983, :o certify which witness my hand r nd official seal of office. • ~ t,_~ ~ ~ ~L Loree Newton 'Notary Pabiic - Lu' n;,ck County, Texas My commission expires the 26th day of January, 1985. r s 1 1 r DIRECT TESTIMONY Archie G. Holtan C. H. Guernsey 6 Company Oklahoma City, u&lahoma On Behalf Of Denton County Electric Cooperative, Inc. r 1 Q. Please state your name, occupation, and business address. 2 A. My name is Archie G. 4oltan and I am a rate engineer for C. H. 3 Guernsey b Company, 3555 N.W. 59th Street, Oklahoma City, Oklahoma. 4 Q. Please briefly describe your education, background, and business 5 experience. 6 A. I graduated in 1970 f r,.a New Mexico State University in Las Cruces 7 with a Bachelor of Science degree in Electrical Engineering. I 8 served six years with the United States Army Signal Corps, where I 9 served in a variety of functions including project management of 10 the Army-wide audiovisual systems under STRATCOM, and 11 Communications Consttuctica project control using data processing 12 systems. I also spent three years overseas in communi- 13 cations-related areas. ' 14 In 1976, I joined E1 Paso Electric Company's rate department 15 where I served as a rate engineer working on cost of service 16 studies and rate design. I joined C. H. Guernsey 6 Company as a 17 rat,- engineer in March 1980. In 1982, I received the MBA degree 18 from Ce4tral State University, Edmond, Oklahoma. I am a member of ' 19 IEEE, and a registered Professional Engineer in the State of 20 Oklahoma. r 21 4. Have you previously testified before any public utility or 22 regulatory commissions? r ' Archie C. Holtan i A. Yes. Exhibit (AGH-1) is a listing of cases and Co=issions ' 2 be fc. .rich 1 gave testified, •;hich are awaiting hearing, or which 3 were settled. ' 4 Q. What rate design and cost of service courses have you attended? 5 A. I have attended the Utility Rate Making course by the Public 1 6 Service Consultants and the Cost of Servic: Determination for ' 7 Electri: Utilities by Professional Development Services in 1978. I 8 also attended the University of Wisconsin exrension course on ' 9 Developing Time-o£-Day Rates in 1979. ' 10 Q. Whom do you represent in this proceeding? 11 A. I represent Denton County Electric Cooperative, Inc., ("Denton ' 12 County"). 13 Q. Are you sponsoring exhibits in this rate filing? 14 A. Yes, 1 a= sponsoring each of the exhibits attached "co my testimony, ' 15 the proposed rate tariffs and the following schedules in the Rate 16 Filing Package: Schedules A-1.0, A-1.2, A-11, 1-2.0, I-10.0, P-3.0. 17 Sections Q, R, and U. 18 Q. What areas are covered in your testimony? ' 19 A. I am responsible for the cost of service and the rate design. ' 20 Q. Who provided the informs::ion used in your analysis? 21 A. Denton County provided the basic data; I also used analyses 22 prepared by `Ir. Stover and Kr. Beam. 23 COST OF SERVICE 24 Q. Was the cost of service analysis performed as part of this rate ' 25 study? 26 A. No, a cost of service study was not performed for two reasons. ' 27 First, the Cooperative wantP4 to keep the expense of the rate case 2 Archie 0. Holtan 1 low and also to minimize the impact on the member-consumers if at 2 all possible. The second has to do with the Cooperative's usage 3 and the results of the prior rate study. In the last study, the 4 Large Power class showed justification for rate decreases whereas O 5 esch of the other cles,es was brought either to the system rate of 6 return or below it in order to prevent the overcollection of 7 revenues due to the ',arge Power class. It was felt that the usage 8 for the Cooperative had not changer significantly enough since the r 9 last rate study to warrant a cost of service study. 10 Q. Do you have support for this position? N A. Yes. If you refer to Exhibit (AGH-2), Schedule A-1.0, you can 12 see the consumer kilowatt-:yours in :.loth the 1979 study and for 13 1982. The most si nificanr 8 point indicated in this table is the 14 large proportion of the Residential class to the system usage. A 15 class such as this dominates the usage of all the other classes and 16 drives the system. The second thing to note is the minimal shift 17 in usage between the two studies, none of the percentages of the 18 total have shifted more than 2% in the three-year period. Most 19 notable, the Large Power energy, as a percent of total sales, is ' 20 exactly the same as in the previous study. In 21 Exhibit (AGH-2), Schedule A-1.0, the plant and the operations 22 expense (excluding purchased power) are shown as a percent of total 23 for the two test periods. The similarity here is not as great as 24 that in the usage data, however, the variances are generally less 25 than 2% in the plant section, although greater in the expense 26 section. Because of these variations, it was decided to use the 27 last cost of service as a guide, but not to rely on it as a precise ' 3 Archie G. Holtan 1 guide to individual increases by rate class. 2 Q. In this study, you proposed an increase to the LP class. What was 3 the bas; for this decision? 4 A. In Exhibit (AGH-2), Schedule B-1.0, a simple cost of service 5 for the Large Power class w.s performed using ratios from the 6 previous study. The results show that, under current rates, the 1 7 rate of return is in the neighborhood of 10.5%. The accuracy of 8 the study is enou3h to indicate some increase is due to the class 4 whereas previously this was not the case. However, the Large Power ~ I 10 class rate of return is still significantly better than the return 11 from the other classes. This study was derived by using the hours 12 use data from the previously derived allocation factors to allocate 13 the purchased power demand components. The energy sales were ' 14 utilized to allocate the purchased power energy components and the 15 "ocher expenses" and "other plant" ratios were taken from previous 16 study percentages. 17 Q. What percent increases were utilized in this study? 18 A. In Schedule R-1.0, the percentage increases by class are uniform in ' 19 that the Large Power class was given one-half of the system ' 20 percentage increase; the remaining classes (Residential, 21 Commercial were given and Lighting) a uniform percentage increase 22 in orier t- meet the remaining revenue requirements. i 1 4 i is Archie G. Holtan 1 RATE DESIGN 2 Q. Could you please discuss the factors that were considered in the 3 rate design for Denton County? 4 A. The first was a continuation of the current procedures where 5 possible so that the races are fairly simple and understandable to 6 each of the Cooperative members. Second, we wanted to show the 7 difference between the summer and winter seasons in that purchases 8 of electricity during the summer are more critical to the 9 Cooperative than at other times of the year. This is primarily for IO two reasons: 1) the demands at the purchased Eower delivery point lI are generally highest during the summer season; and, 2) the 12 demands used during the months of June through September are 13 utilized in order to establish the ratchet at the purchased power 14 delivery point for the remainder of the year. The Residential 15 class already contains a summer/winter differential and the format 16 of this class uas maintained; however, the customer charge was 17 raised from $7.00 per month to $8.00 per month (including 30 18 kilowatt-hours). In the last cost of service study, the target, 19 excluding kilowatt-hours, was $9.33. The Commercial class was E 20 revised to include a summer/winter differential with a $,Ol per kWh 21 difference being applied between the summer and winter rates. ' 22 Finally, the Large Power class was revised to include a 23 summer/winter demand differential in which the summer demand is L 24 effectively $8.00 per kW, and the winter demand is at $6.00 per kW. 25 Q. What are the results of these changes? 26 A. The increases within the Residential class are fairly uniform at 27 all levels since only minor changes have been made to the rate ' 5 Archie G. Holtan 1 design and the summer/winter concept was maintained. In the Small 2 Commercial class, there are significant swings betweer. the usage in 3 the summer and the winter. This results from the implementatior of 4 the summer/winter differential. Finally, in the Large Power class, 5 there is a similar swing between the summer and winter and, also, a 6 large differential between the low load factor customer and the i 7 high load factor customer. This is appropriate in order to 8 acc3mplish two goats. One is to track the cost of service and the 9 second is to increase efficient use of facilities and energy 10 purchased. The customer who creates a large peak with minimal 11 kilowatt-hour usage is particularly severe on the Denton County 12 system, particularly if this peak is established during the summer 13 season. At $6.75 per kW, a significant cost is incurred. If this 14 results in ratchet charges for the remainder of the year, a 15 customer can impose $62.44 per kW of expense on the Cooperative for 16 the remainder of the year for each kilowatt of load that he 11 generates. If there are no provisions to recoup the expenses from 18 this customer, then other customers must bear this burden. ' 19 Q. How did you estimate the actual demand cost? 1 20 A. Please refer to Exhibit (AGH-2), Schedule B-2.0. In the last 21 study, the 1--r,t demand expense component was approximately $2.15, ' 22 $1.39 of whi,h was due to purchased power demand cost. Since the 23 purchased power cost at the delivery point is $3.00 per kW, this r 24 means there is an effective differential of $!.61 between the 25 purchased price thend a price at the diversified meter delivery 26 point. Based on today's cost of $6.75 per kW demand and S.37 of ' 27 PCA pass-through clauses, the effective demand rate for the Large ' 6 Archie G. Holtan I Power class is in the neighborhood of $6.26 on an annual basis. 2 Q. In coc,junction with the Large Power rate, it is possible to get t 3 tine-of-day option, is that not correct? 4 A. Yes, if the consumer opts to mace an advance in aid of construction 5 equal to the price difference between a tine-of-day meter and the 6 standard meter, then this rate is applicable on a time-of-day 7 basis. The $6.00 charge will be applied to the maximum demand in 8 the summer period regardless of the time of its occurrence. '.he 5 additional $2.00 charge is applied to the demands only during the 10 peak time from 11:00 a.m. to 7:00 v.m., which could be 11 significantly less, depending on the consumer's ability to shift 12 load. i 13 Q. I notice that you have also included a 35 kW minimum clause that ■ 14 was not previously in the Large Power rate. Could you explain the 15 r.:a;on for this? 16 Tne customers on this rate have requested at least 50 kVA of trs,-sC.)rmation. However, a review of the records shows several 1 custome:s ;o do not have corresponding usage sufficient to justify '.9 this kinA of expenditure. By including a 35 kW minimum demand 20 charge each nonth, the customers will be more particular in their 21 request cf facilities and insure that they request only what they O 22 would actually be using. There were 34 customers who were 23 transferred from the Large Power class to the Small Commercial ' 24 class based on a review of their load characteristics. It is thi 25 Cooperative's estimate that, with the implementation of a 35 kW 26 minimum, these consumers woul,1 be nest served under the Small 27 Commercial rate, however, reclassification would bu voluntary. In 7 1 ' Arrhie G. Holtan ' 1 this case, the e_c_ess transformation will be replaced with a size 2 more suitable to the actual loads and oe available for use 3 elsewhere. The $18,600 of revenue generated under the Large Powor ' 4 rate by these customers was moved also to the Small Commercial S class prior to the design of the re,,enue targets shown in Schedule 6 3-1.1. 7 Q. Do you show the impact these proposed rates have on typical 8 customers? 9 A. Yes. In Section U, the billing comparisons under the present and ' 10 proposed rates for typical usage levels are included. 11 Q. Mr. Holtan, what perce~itage increase do the proposed rates impose ' 12 over the present rates? 13 A. This is an 8.39% increase. 14 Q. Were these adjusted rates the same as the per book rates in the 15 test period? 16 A. No. There has been a revenue adjustment to both fuel and purchased ' 17 power. (Schedule A-1.0 Col. b). There are two reasons fcc the 18 revenue adjustments. The first is to reflect the impact of i 19 the increase purchased power cost resulting from applying the ' 20 current Brazos wholesale rate to the usage for the entire test 21 period. The second was to provide a full annual effect for the ' 22 current fuel and PCA clauses. These clauses were revised in March 23 1982 from the Bluebonnet--type clause to a purchased power clause 21, which is applied on a monthly basis. In addition, if you look at 25 Schedule Q-4.0, you will -note $2,983 of deferred fuel for the year 26 represents fuel collectible under the current fuel clause, but 27 which has net been received within the test period. It is assumed, ' 8 ' Archie G. 8oltan 1 for the purpe^ts of :his study, that fuel expense and fuel revenues 2 would be equal because of th, correction options in the fuel and 3 power cost clauses. Therefore, the adjustments on Schedule A-11.0 4 were performed. Q. On Schedule A-11.0, you have performed on an annual basis the same b procedure which the Cooperative would follow in their monthly 7 clauses, is that correct? ' a A. Yes, it is. 9 Q. Does this conclude your testimony? ' 30 A. Yas, it does. 9 AFFIDAVIT STATE OF OKLA7r[O%Lk r ) ,S. COUNTY OF' OKLAHOMA ) ' Before me, the undersigned Notary Public, personally appeared ARCHI£ G. HOLTAN, who being duly sworn on oath deposes and says that the foregoing prepared supplemental testimony and statement of fact contained therein are true and correct to the best of his knowledge, information and belief. Archie G. Holtan Subscribed and sworn to before me this 10th day of May, 1983. • ' Notary ublic My Commission expires January 22, 1986. 1 r Exhibit (AGH-1) ELECTRIC RATE ANALYSIS O COLORADO (Colorado Public Utilities Co=ission) ' Holy Cross Electric Association, Inc., Casa No. 6036 KANSAS (Karsas Corporation Cottnission) P.R.&W. Electric Cooperative Association, Inc., Wamego ' NEBRASKA e Panhandle Rural Electric Membership Association, Alliance NEW MEXICO (New Mexico Public Service Commission) E1 Paso Electric Company, Case No. 1454 Rio Grande Electric Cooperative, Inc., Case No. 1656 OKLAHOMA (Oklahoma Corporation Commission) Cimarron Electric Cooperative, Cause No. 26979 Greenbelt Electric Cooperaaive Inc., Cause No. 28162 Kiwash Electric Cooperative, Inc., Cause No. 27264 Northwestern Electric Cooperative, Inc., Cause No. 26926 TEXAS (Public Utility Commission of Texas) Bandera Elect!': Cooperative, Inc., Docket No. 4279 Bluebonnet Electric Cooperative, Inc., Docket No. 4070 Brazos Electric Power Cooperative, Inc., Docket No. 4079 Concho Valley Electric Cooperative, Inc., Docket Nos. 3550, 4797 ' Denton County Electric Cooperative, Inc., Docket No. 3470 Dickens Electric Cooperative, Inc., Docket lo. 4299 E1 Paso Electric Company, Docket No. 1981 Fort Belknap Electric Cooperative, Ir:., Docket No. 4259 ' Grayson-Collin Electric Cooperative, Inc., Docket No. 3945 Greenbelt Electric Cooperative, Inc. Kaufman County Electric Cooperative, Inc., Docket No. 3926 Limestone County Electric Cooperative, Inc., Docket No. 3931 Lone Wolf Electric Cooperative, Inc., Docket No. 4291 Magic Valley EI^ctric Cooperative, 7rc., Docket No. 3212 Medina Electric Cooperative, Inc., :0ocket No. 4113 1 ' Exhibit (AG8-1) ELECTRIC RATE ANALYSIS e (Continued) Texas (Public Utility Commission of Texas) (Continued) Nueces Electric Cooperative, Inc., Docket No. 3936 Rio Grande Electric Cooperative, Inc., Docket No. 3717 Stamford Electric Cooperative, Inc., Docket No. 4095 Taylor Electric Cooperative, Inc., Docket No. 3679 ELECTRICAL RATE ANALYSIS Wholesale Rate Cases ' Federal Power Commission (Federal Energy Regulatory Commission) West Texas C:ilities Company, Docket No. ER82-23 ' No. ER82-708 Texas (Public Utility Commission of Texas) Texas Power b Light Company, Docket No. 4321 1 1 ' Rev. 3-83 Page 2 r Exhibit (AGH-2) Scheduled-.0 PENTON COUNTY ELCCTRIC COOPFRATIVE, IA),:, ' COMPARH-A-M CiF USA+;F 1979 Y. 1982 CUSTOMLR:3 Residential 1101101 74.77 142,571 77.45 Commercial 6,457 4.36 6,953 3.78 Industrial 8^4 .56 11133 .62 Lighting 301094 20.31 33,424 18.16 Total 148,186 100.00 -----134,OR6 100.00 - K4J1-1 Res!,,ntial 122,.50,614 83.20 166,255,037 84.85 Commercial 9,1,^-.7,532 6.25 9,431,399 4.84 Industrial 13,299,911 9.04 17,70;,441 9.04 I Lightin3 2,221,291 1.51 2,435,370 1,27 Total 147,059,x:43 170.00 -195,930,747 100.00 - 1 ' Exhibit (AGH-2) Schedule-T-7.0 Penton County Electric Co-N ' Cowarison of Fitt Cave Yeirs 1979 Prt 1 9 ------81 Pct Intangible Plant 2,6:6 .021 2.626 .01% Distribution Plant: tand and fti?trts 21,694 .I6% 21,894 .11% ' Poles 2,693,571 20.81% 3,431,316 19.48 W!lire 2,992,753 21. 12% 3.773,55 19.M VC, Conduit )x,623 2,74% 417,310 2.12% lG Ii r t 630,103 MM I ,'N,171 7. (+51 ' Line Transformers 31 239, 9Y' 23.30% 4,818,027 24.49X services 1, 694,C54 12.1:31 2,55,5,343 12.9A lotters 549,206 3.951 923,090 4.6',+Y. ' Instl on Prem 434,:4 3.12% 575,PS2 2,93% Total Distb 12,'06,461 92.a3% l8,?O ,208 93.047 General Plant 722,667 5.'220% 1404,275 5.111 011'1' 141,2N 2.45% 361,444 1.84% Utility Plant 13,903,034 100?. 00% 19,611,53 t(kl.O0% flperatinn EXFense! Distribution Operation 146,624 9.79% M,£67 13.?2X Distribution tlaintenance 202,476 13.52% 452,369 11.91% Customr Acmntine 235,:39 15.721 447,474 16.721 Sales 51,204 3.4Y: 81,279 3.04% Adminstrative 261,043 18.771 4,7,967 '5.99% Depreciation 421,4:35 23.15% 60),337 7?.4?% Tares 159,115 10.637. 312,619 11.b?X ' Operation UP 1,497,336 10(1.001 2:675 ')12 10. (X,% 1 t Exhibit (AGH-2) Schedule 0 DENTON COUNTY ELECTRIC COOPERATIVE, INC. COST OF S' tVICE PRIOR TO RECLASSIFICATION ' Total Company Large Power 1979 Study ' kWh Sales 147,059,343 13,299,911 kW Demand 3,501 4,002 kWh/kW 3,323 t 1982 Study kWh Sales 11)5,930,747 17,708,441 ' % of Total .09038112 k1l Demand 55,956 5,328 % of Total .09521718 Revenues 14,923,101 1,255,458 Purchased Power - Demand 4,300,258 409,458 Purchased Power - Energy 7,136,710 645,024 Purchased Power 11,436,968 1,054,482 ' Other Expense 2,997,017 118,982 Return 81,914 ' Plant 16,154,869 775,434 Rate of Return 10.56 1 t 1 e Exhibit (AGH-2) Schedule 'B-2.0 DENTOY COUNTY ELECTRIC COOPERATIVE, INC. 1 COMPONENTS Or EXPENSE 1979 STUDY ' Expense kW $/W ' Other Demand 340349 45,364 .75 Purchased Power 63,153 45,364 1.39 ' Total 97,502 45,364 2.15 1 Effective Differential = Purchased Power Charge - PP Expense _ $3.00 - 1.39 = 1.61 ' 1982 Cost = $6.75 + .37 - 1.61 + .75 = 6.26 1 1 1 1 i r t i 1 1 1 1 1 DIRECT TESTIMONY 1 Carl N. Stover, Jr. C. H. Guernsey b Company Oklahoma City, Oklahoma On Behalf Of Denton County Electric Cooperative, Inc. 1 1 Q. Please state your name and business address. 2 A. My name is Carl N. Stover, Jr. My business addresr, is 3555 N.W. 1 3 58th Street, Oklahoma City, Oklahoma 73112. 4 Q. By whom are you employed? 5 A. I am employed by C. H. Guernsey b Company, Consulting Engineers and 6 Architects, Oklahoma City, Oklahoma. 7 Q. What is your position with the firm and what are your general areas 8 of responsibility? 9 A. I am Vice President of the firm. I am responsible for the firm's 10 activities in the areas of rate analysis on behalf of our clients it before state and federal regulatory commissions. I am also 12 involved in long-range system planning, power requirements studies, 13 engineering feasibility studies, short-circuit studies, load flow 14 studies, etc. 15 Q. Please briefly summarize your educational and professional 16 background. 17 A. I have a Bachelor of Science degree in Electrical Engineering and a 18 Master of Science degree in Industrial Engineering. I am a 19 Registered Engineer licen,ed in the States of Oklahoma, Kansas, 20 Colorado, and Wyoming. I am a member of the IEEE Power Engineering 21 Society and the Engineering Management Society of the Institute of 22 Electrical and Electronic Engineers. Carl N. Stover, Jr. 1 Q. Have you previously appeared before state regulatory commissions on r 2 matters related to determination of financial requirements, costs 3 c: service and rate design for rural electric cooperatives? A. Yes. I have appeared before regulatory commissions in the States 5 of Texas, Wyoming, Colorado, Oklahoma, Kansas, Utah, New Mexico, 6 and Arkansas. Exhibit (CNS-1) is a summary of the retail rate 7 proceedings in which I have been involved. 8 Q. Have you been involved in any wholesale rate proceedin3s4 9 A. Yes. I have been involved in a number of proceedings before state 10 and federal regulatory agencies that involved the determination of 11 wholesale rate schedules. Exhibit (CNS-2) is a summary of the 12 wholesale rate proceedings in which I have been involved. 13 Q. Have you been involved in any generic rate case proceedings? 14 A. Yes. I represented the rural electric cooperatives in the generic 15 hearings in the States of Texas and Colorado. 16 Q. Have you published or presented any papers cor.~erning planning, 17 rate design, cost of service, etc.? 18 A. Yes. I have presented the following papers: 19 "A Planning Model for the Analysis of Long Range Distribution 20 Systems," presented at IEEE Summer Power Meeting, Vancouver, 21 Canada, July 1973. 22 "A Financial Forecasting Model for Rural Electric Distribution 23 Systems," presented at IEEE Summer Power Meeting, Anaheim, 24 California, July 1974. 25 "Cost Allocation Considerations and Methods for Electric Rate 26 Analysis and Design for Rural Distribution Systems," presented at 27 IEEE Rural Electric Power Conference, Omaha, Nebraska, April 1975. ' 28 "Design of Irrigation Rates Under Load Management Program," 29 presented at IEEE Rural Power Conference, Kansas City, Missouri, 30 May 16, 1977. 2 Carl N. Stover, Jr. O 1 "Cost Allocation Considerations for Rural Distribution Systems," 2 presented at NARUC Biennial Regulatory information Conference, 3 Columbus, Ohio, October 19, 1978. 4 Q. Whom do you represent in this proceeding? 5 A. I represent Dentor. County Electric Cooperative, Inc., ('Denton b County"). 7 Q. What is the purpose of your testimony? 8 A. My testimony will focus on the determination of revenue 9 requirements. ` 10 Q. What exhibite will you sponsor? 11 A. I will sponsor all of Section P. 12 Q. Were these schedules and exhibits prepared by you or under your 13 direct supervision? 14 A. Yes. 15 Q. Who supplied the basic data used in the development of the various lb schedules that you are sponsoring? 17 A. All of the data was supplied by Denton County. 18 Q. What other information did you utilize in developing your exhibits? 19 A. In addition to the data supplied by Mr McGinnis and his staff, I ' 20 also utilized information developed by Mr. Beam and Mr. Holtan. 21 All of my comments related to financial requirements are based upon 22 adjusted test year financial statistics. 23 DETERMINATION OF REVENUE REQUIREMENTS 24 Q. How was it determined that Denton County needed a rate increase? 25 A. A review of Denton County's financial statistics indicates that 26 during the period ending 12-31-82 the Denton County margins and 27 financial ratios were not satisfactory. The Cooperative asked us 28 to make a preliminary analysis of the financial ratios. Our 3 Carl N. Stover, Jr. I analysis, which appears in Schedule A-1.0, reflects an operating r 2 TIER for the twelie months ending December 1982 of 1.095, and a net 3 TIER of only 1.506. The rate of return for the period was 5.636%. 4 On an adjusted test year basis, Schedule A-1.0, column (c), 5 reflects an operatir.f TIER of 0.72, a net TIER of 1.017, and a rate 6 of return of 3.8%. In addition, Schedule S-2.0 shows that for the 7 period 1979 through 1982 the system equity h., steadily declined 8 from a value of 26.1% to 21.51%. It is apparent that the Denton 9 County system cannot continue to operate given these financial 10 trends. The Denton County Board directed that a rate filing be 11 made seeking additional revenues so as to improve the operating 12 margins and maintain satisfactory ratios. 13 Q. What is the magnitude of rate increase Denton County is seeking at 14 this time? 15 A. Schedule A-1.0 summarizes the actual test year and adjusted test 16 year revenues acid expenses, as well as the adjusted test year with 17 the proposed rate increase. The adjusted test year revenue 18 requirements are $16,263,304, which requires a rate increase of ' 19 $1,258,325, or approximately an 8.4% increase in operating 20 revenues. The adjusted test year revenue will provide an operating 21 margin of $997,008 and a rate of return of 11.4%, based on the test 22 year adjusted operating expenses that are shown. 23 Q. How did you determine the total revenue requirements for the Denton 24 County system? 25 A. The revenue requirements were developed in terms of the ultimate 26 financial objectives established by the Denton County Board of 27 Directors. These financial ^bjectives include: 4 a Carl N. Stover, Jr. 1 1. The system equity expre~,.sed as a percent of 2 capitalization as of 12-31-79 was 26%; as of 12-31-82 3 the equity had declined to a value of 21.5%. The Denton j 4 County Board would tike to prevent any further decline in 5 equity and, if possible, to increase the equity to a 6 level of approximately 35% to 40%. 7 2. Denton County has refunded patronage capital iii the past. 8 If possible, the Board would like to continue a rotation 9 of patronage capital refund program. 10 3. The system must maintain satisfactory coverage ratios. 11 Q. How do the various financial objectives translate into a particular 12 revenue requirement for Denton County? 13 A. If you refer to Schedule A-1.0 of the Rate Filing Package, "Return" t 14 represents the difference between the operating revenues and 15 operating expenses, excluding interest. Return, therefore, 16 represents funda available to serve two functions: (1) to pay the 17 interest, and (2) to provide the required operating margin. The 18 margin component can actually be divided into two elements. One ' 19 element reflects the margin required to service equity and the 20 second element reflects margins required to meet the capital credit 21 refund requirements. In the case of the adjusted test year, the 22 operating ex?enses before interest are shown to be $14,395,308. 23 The required return is, therefore, the sum of the following items: 24 1. Margin required for equity objective; 25 2. Margin required for capital credit refund objective; and 26 3. Interest expense. 27 The sum of these three items, in 'act, represents the required ' 5 Carl N. Stover, Jr. 1 return. By adding the operating expenses to the required return 2 it is possible to identify the total revenues required. The return 3 divided by the interest expense defines the times interest earned 4 ratio. 5 Q. Could you please explain the considerations associated with the 6 first objective, i.e., the maintenance and possible increase of the 7 system equity? 8 A. Schedule S-2.0 summarizes the Denton County equity for the period 9 12-31-79 through 12-31-82. During this period, the equity has 10 decreased from 26% to approximately 21.5X. The effects of the last 11 rate increase are evident in this time period in that the equity 12 percent did not continue the drop that had been evident in previous 13 trends. However, the rate revision was not sufficient to reverse 14 the trend and cause a rise in the equity percentage. As I 15 indicated previously, the Board would like to prevent any further 16 deterioration in equity and, if possible, to increase the equity to 1, a value in the range of 35'4 and 40%. 18 Q. Why is it desirable co maintain an equity within the range of 35Z 19 to 40%? 20 A. There are three reasons why it is desirable to increase the system 21 equity position. First of all, if the Cooperative wishes to rotate 22 capital credits on a regular basis without seeking approval from 23 REA, it is necessary to maintain a system equity of not less than i 24 40%. Capital credits can only be refunded with special permission 25 in an amount not to exceed 25% of the previous year's margins, if 26 the equity is less than 40%. 27 The second reason is that, as the average embedded interest 6 Carl N. Stover, Jr. 1 cost increases and the equity decreases, the TIER will decline 2 dramatically. Th,- only way to offset this decline is to seek 3 higher and higher rates of return. If, however, the equity level 4 is increased, satisfactory TIER coverages can be maintained. 5 The third reason is that a specific equity level can be 6 defined th.:t will provide the lowest cost to the consumer. This is 7 characterized as the optimum equity and is defined in terms of 8 specific TIER, average embedded debt cost and return on equity. 9 The relationship is defined as follows: 10 E _ G x (TIER - 1)) / (ER + I(TIER - 1)) 11 Where: ' 12 E Optimum equity 13 I = Average embedded interest cost 14 TIER Times interest earned ratio 15 ER = Return on equity. 16 Assuming a return on equity of 12.5% (calculated assuming an 17 11% plant growth and 20-year capital credit rotation), an embedded 18 interest cost of 5.66%, and a desired TIER of 2.5, the optimum ' 19 equity is 40.33%. Therefore, I believe the Board is justified in 20 seeking an equity in the range of 35% to 40%. 21 Q. What is the equity component required to meet this objective? 22 A. The equity component of the margin required to meet this objective 23 is dependent to a significant extent upon the plant growth rate 24 projected for future periods. For example, if the capital 25 requirements needed to construct future plant totalled $1 million 26 per year and the equity is to be maintained at approximately 35%, 27 this means approximately $350,000 of the equity component of the 7 Carl N. Stover, Jr. 1 1 margin will be used to maintain the system equity. If the capital 2 requirements totalled $2 million per year, then the margin 3 requirement increases to $700,000. This is a slight over- 4 simplification, but it does illustrate the relationship between 5 projected plant growth and the equity component of margins. 6 Q. What are the projected capital requirements for the Penton County 7 system? 8 A. The planning studies prepared by Denton County indicate that the 9 capital requirements to finance total plant additions and replace- 10 ments over the next three years will be approximately $8.3 million. 11 Q. What average increase in plant does this represent? 12 A. The projected average increase in net plant correspcads to an 13 average compound growth rate of 11%. 14 Q. Could you please explain how the projected growth rate compares 15 with the historical growth rate? 16 A. The historical growth in net plant for the period 1977 through 17 1382, as shown on Schedule S-1.0, was 11.05%. The projected plant 18 growth over the next three years is approximately equal to the 19 historical trend. 20 Q. You indicated that the second financial goal concerns capital 21 credit rotation. Could you please explain? 22 A. Yes. The second element of the equity component of margin reflects 23 the capital required to rotate patronage capital to the consumers. 24 Schedule S-3.0 summarizes the capital credit (patronage capital) 25 assigned, retired, and the remaining balance for the period 1943 26 through 1982. 27 Q. How much has Denton County refunded to its consumers? 8 t Carl .4. Stover, Jr. ' 1 A. Denton County has refuadad $255,402 in patronage capital to its ' 2 aeober-consuers. 3 Q. What happe:is to the system equity if the capital credits are ' 4 refunded? 5 A. Capital credits are a part of the equity account; therefore, ' 6 whenever a dollar of capital credit is refunded, the equity ' 7 expressed as a percent of capitalization would decrease. The only 8 way to maintain the equity position is to replace each dollar of 9 capital credit that is refunded with a dollar of additional capital 10 generated through the operating margins. Because of this 11 relationship, capital credits constitute the second component of ' 12 the equity requirement for margins. 13 Q. What magnitude of capital credits will be refunded in the future? ' 14 A. Given a 20-year rotation (i.e., 5% of the equity account) and a ' 15 total equity account of $3,890,581, the average refund ea;h year 16 would be approximately $195,000, it is important to note that n ' 17 Schedule S-3.0 Denton County has refunded capital credits only up 18 through 1953; in effect, Denton County is on a 28•year rotation 19 cycle. The Board believes that this cycle is too long and,.if ' 20 possible, they would like to reduce it to twenty years. 21 Q. Will the amount of capital credits paid by Denton County be ' 22 affected at all by the capital credits paid by Brazos? 23 A. Yes. In general, Denton County would not refund the CST and 24 related capital credits until Brazos, in fast, pays the capital ' 25 credits. 26 Q. For planning purposes, ghat capital credit rotation program did you ' 27 assume? 1 9 Carl N. Stover, Jr. ' 1 A. I assumed a capital credit refund of approximately $200,000 Per 2 year. 3 Q. The final component of the return is interest. Could you please 4 explain what factors were considered in the development of the 5 interest expense? 6 A. Yes. Denton County is presently a concurrent borrower. Seventy 7 percent (70X) of its debt capital is obtained from REA at an 8 interest rate of 5; and 30% of its debt capital is obtained from 9 CFC at a present interest rate of 11.75%. The embedded interest 10 rate of all net debt capital additions for the Denton County system 11 is, therefore, 7.025%. 12 Q. What are the implicationj of the interest component of the return? 13 A. In the analysis, the implications are two fold. First, because of 1 14 the growth rate projected for the Denton County system over the 15 next three years, the total amount of debt capital requirements is 16 going to increase steadily. Second, Denton County's average debt 17 cost is rising. Each dollar of additional debt is now carrying an is embedded interest cost of 7.025%. This is a substantial change ' 19 from the interest rates at which Denton County has been able to 20 obtain capital in the past, and i3 24% greater than the average 21 debt cost for the system as of the end of the test year (i.e., 22 5.66X). This combination will place increasing pressure on the 23 coverage ratios and make it more and more difficult to maintain 24 satisfactory TIER coverage. It is estimated that in two years the ' 25 average embedded cost will be 6%. 26 Q. Will Denton County be a 70/30 borrower in future years? ' 27 A. Yes. 10 Carl N. Stcver, Jr. 1 Q. How do you treat coverage ratio requirements in your development of 2 total system revenue? 3 A. Generally, the revenue requirements are defined in terms of the 4 equity management and capital credit rotation policy. The TIER 5 coverage value that is produced by the rolicy is then checked to 6 make sure that it is satisfactory. I generally recommend to a 7 client that the TIER should not be less than 2.5. For most rural 8 electric systems the "fallout" TIER that results from the equity 9 management program is satisfactory. 10 However, as the average embedded interest cost increases, it 11 becomes more and more difficult to maintain satisfactory coverage 12 ratios. Soon a point is reached where the TIER coverage, becomes 13 the primary criterion in evaluating revenue requirements. Because 1 14 of the high embedded interest cost for the Denton County system and 15 the low equity, the TIER coverage becomes the primary 16 consideration. 17 When the revenue requirements are defined in terms of specific 18 TIER coverage, and assuming the coverage is in excess of 1.0, 19 margins will be generated. As I indicated earlier, for the rural 20 electric distribution system the margins that are generated are 21 used to service the equity management objectives and the capital 22 credit rotation objectives. For example, after maintaining TIER 23 coverage, if sufficient funds are availabla in excess of the amount ' 24 needed to maintain the system equity objectives, then these funds 25 would be used to rotate capital credits. The rural electric 26 cooperatives are unique in this situation in that they can refund ' 27 and, in effect, flow back to the customers the margins in excess of ' 11 Carl N. Stover, Jr. ' 1 those required to meet the equity objectives. 2 Q. Are there any other factors involved in determining the desired 3 TIER coverage? 4 A. An overriding consideration is the impact of the rate increase on 5 th:- consumers. Essentially, every cooperative board of directors 6 with whom I work believes that the desire to meet the financial 7 objectives must be tempered with analysis/ of what impact the 3 increase is going to have on their member-consumers. 9 Q. What do you believe is a satisfactory target TIER for a system? 10 A. As I have indicated previously, it is very difficult to state. 11 However, I generally recommend tc clients that they try to maintain 12 an operating TIER of at least 2.5. 13 Q. How do you relate the various factors that you have described to a 14 specific revenue requirement? 15 A. In my opinion, the revenue requirements of the Denton County system 16 should be identified in terms of the actual return requirements of 17 the system in order to meet particular objectives. one way to 18 identify the return requirements is simply to prepare a projection 19 of system operations for future periods to identify the total 20 revenue requirements needed to meet particular objectives. The 21 only problem in developing revenue requirements based upon 22 projected periods is that many comissions feel that future test 23 years are an improper basis for evaluating rates applicable to 24 current customers. There are always a multitude of issues related 25 to the accuracy of energy projections, expense projections, etc., 26 that could affect the analysis. The analysis could certainly be ' 27 distorted, depending upon the accuracy of the O&M expense ' 12 ' Carl N. Stover, Jr. 1 projections, energy sales projections, load factor projections, 2 etc. 3 One way to avoid these problems is to develop an analysis that 4 is not dependent upon such projections. This is the approach t ' 5 have taken. We developed a compurer model of the Denton County 6 system that is based upon the same format as the Cooperative's 7 financial forecast as found in REA Form 325. However, rather than 8 making detailed projections of all of the various Cooperative ' 9 activities, I developed my analysis by assuming only future plant 10 additions and future interest costs. The model then identifies the 11 return needed to meet the desired objectives or the required ' 12 financial objectives of the system. Because it is necessary to 13 recognize the fact that additional plant in service produces 14 additional revenue, th model identifies return as a "rate of 15 i~turn" value. The implicit assumption is that each dollar of 16 additional capital that is invested will be revenue producing to 17 the same extent that the existing investment produces return; no 18 adjustment is made for inflationary factors, attrition in =he rate r 19 base, etc. 20 Q. Could you please explain the development of your Planning Horizon 21 model as applied to the Denton County system? 22 A. Yes. I prepared two case studies for the Denton County system; 23 the results of the Planning Horizon are found in Section P of the r 24 Rate Filing Package. The Case 1 study is based upon the following 25 assumptions: 26 1. Average plart growth of 11% per year which results in a e 27 total capital requirement of $8.3 million within the next ' 13 Carl N. Stover, Jr. 1 three years. 2 2. 70/30 concurrent borrowing with CFC at 11.75%. 3 3. Equity growth of 2% per year. 1 4 4. Capital credit rotation of $200,000 annually. ' 5 Q. Could you please summarize the result of your analysis. 6 A. Schedule P-1.0 shows that the rate of return required to meet these 7 financial objectives will be in the range of 10.2%. As mentioned 8 previously, at this point we checked the TIER in order to determine 9 the adequacy of the coverage ratios generated after meeting these ' 10 management objectives. You will note that the TIER is in the range 11 of 2.1 to 2.2 on an operating basis; the desired operating TIER is 12 a value not less than 2.5. 13 Q. Did you prepare a financial analysis to determine the return 14 necessary to realize a 2.5 TIER? 15 A. Yes. Schedule P-2.0 shows that if the TIER is maintained at 2.5, 16 the associated rate of return is in the range of 11.4%. Assuming 17 this return can in fact be realized, the system equity would 18 increase from a value of 21.5.% to a value of 30.9% over a ' 19 three-year period; this corresponds to an average increase of 20 approximately 3.1 percentage points per year. In addition, the 21 Denton County system would be able to refund capital credits in the 22 amount of approximately $200,000 per year. 23 Q. How do these financial objectives compare to those of the last rate ' 24 filing? 25 A. The growth rate has increased from 8.6% to 11%. The CFC interest 26 cost on new loans has gone from 10.5% to 11.75%, and the embedded ' 27 debt cost has risen from 4.6% to 5.71. Each of these factors are, ' 14 ' Carl N. Stover, Jr. 1 of course, beyond the control of the Cooperative management, 2 however, the desire to maintain a 20-year rotation cycle and maet a 3 2.5 TIER coverage has remained consistent in both cases. 4 Q. Are there other factors that must be considered? 5 A. Yes, there are other factors that need to be considered in 6 evaluating the overall requirements for the system. For example, 7 it is estimated that non-operating margins over th° next three 8 years will be in the range of $220,000 per year. Non-operating 9 margins contribute to the net margin for the system and, therefore, ' 10 provide a source of revenues for the capital credit rotation and/or 11 equity management objectives. Assuming the non-operating margins 12 can, in fact, be realized the Board has two options available: 13 either it can use the non-operating margins to rotate additional 14 capital credits, or these margins can be used to help realize the 15 system equity objectives. The $220,000 non-operating margins will 16 improve the TIER by approximately 0.23 points. 17 Q. Are there factors that will cause an erosion in earnings that have 18 not been considered in this analysis? e 19 A. Yes. The implicit assumption in the model is that the rate of 20 return as projected will be realized. As a matter of fact, the 21 Rate Filing Package will be filed in early May, and 1983 will be 22 half over prior to the implementation of new rates: therefore, the 23 assumption in the Planning Horizon that the Cooperative will ' 24 receive the projected 11.4X rate of return will not come to pass. 25 In fact, according to the projections shown in the income statement 26 on Schedule A-1.0, the target will be missed by a wide margin. I 27 have not attempted to quantify issues such as attrition of rate ' 15 ' Carl N. Stover, Jr. r 1 base, reduced consumy,tion because of increased prices and general 2 inflationary trends. These are practical factors that will have to ' 3 be considered. 4 Q. Did you present this analysis to the Denton County Board of ' 5 Directors? 5 A. Yes. The Board was made aware of the margin and associated return 7 on investment requirements necessary to satisfy the financial 8 objectives. They decided to file for an 11.4% rate of return. ' 4 Q. Does this conclude your testimony? 10 A. Yes, it does. r 1 1 r 16 ' AFFIDAVIT ' STAT" OF OKLAHOMA ) SS. COUNTY OF OKLAHOMA ) r Before me, the undersigned Notary Public, personally appeared 1 CARL N. STOVER, JR., who being duly sworn on oath deposes and says that the foregoing prepared rebuttal testimony and statement of fact cont-ined therein are true and correct to the best of his knowledge, information and belief. Carl N. Stover, Fr.~ Subscribed and sworn to before me this 10th day of May, 1983. Notary/Public My Commissiotl expires January 22, 1986. 0 0 I 1 ' Er_hibit (CNS-1) ELECTRIC RATE ANALYSIS ARKANSAS (Arkansas Public Service Cormnission) Ozarks Electric Cooperative Corporation ' COLORADO (Colorado Public Utilities Commission) Delta-Montrose Electric Association Empire Electric Association, Inc. Holy Cross Electric Association, Inc. Intermountain Rural Electric Association ' La Plata Electric Association, Inc. Moon Lake Electric Association, Inc. Poudre Valley Rural Electric Association, Inc. San Isabel Electric Services Sar Luis Valley Rut,l Electric Cooperative, Inc. San Miguel Power Associatioc,, Inc. Union Rural Electric Association, Inc. KANSAS (Kansas Corporation Commission) Ark Valley Electric Cooperative Association, Inc. C.M.S. Electric Cooperative, Inc. C.&W. Rural Electric Cooperative Association, Inc. D.S.dO. Rural Electric Cooperative Association, Irc. Great Plains Electric Cooperative, Inc. Lane-Scott Electric Cooperative, Inc. Lyon County Electric Cooperative, Inc. N.C.K. Electric Cooperative, Inc. Ninn:scah Rural Electric Cooperative Association, Inc. ' Northwest Kansas Electric Cooperativ.i Association, Inc. Norton-Decatur Cooperative Electric Company, Inc. Sedgwick County Electric Cooperative Association, Inc. Smoky Hill Electric Cooperative Ass-ciation, Inc. Sumner-Cowley Electric Cooperative, loc. Victory Electric Cooperative Association, Inc. Western Cooperative Electric Association, Inc. NF, .;ASKA 1"cGook Public Power District Nebraska Electric C5T Cooperative, Inc. Panhandle Rural Electric Membership Association Twin Valleys Public Power District Rev. 3-83 Page 1 Exhibit (CNS-L) ELECTRIC RATE ANALYSIS (Continued) OKLAHOMA (Oklahoma Corporation Commission) Caddo Electric Cooperative Canadian Valley Electric Cooperative, Inc. Central Rural Electric Cooperative Cimarron Electric Cooperative Cookson Hills Electric Cooperative, Inc. ' Cotton Electric Cooperative East Central Oklahoma Electric Cooperative, Inc. Harmon Electric Association, Inc, Indian Electric Cooperative, Inc. Kay Electric Cooperative Kiwash Electric Cooperative, Inc, Lake Region Electric Cooperative, Inc. Northeast Oklahoma Electric Cooperative, Inc. Northfork Electric Cooperative, Inc. Northwestern Electric Cooperative, Inc. Oklahoma Electric Cooperative People's Electric Cooperative, Inc. Red River Valley Rural Electric Association Rural Electric Cooperative, Inc. Southwest Rural Electric Association, Inc. Sun Oil vs. Arkansas Louisiana Gas Company Verdigris Valley Electric Cooperative, Inc. ' TEXAS (Public Utility Commission of Texas) ' B-K Electric Cooperative, Inc., Docket No. 4701 Bailey County Electric Cooperative Association, Docket No. 2915 Bandera Electric Cooperative, Inc,, Docket Nos. 2786 and 4279 t Bluebonnet Electric Cooperative, Inc., Docket Nos. 266 and 4070 Brazos Electric Power Cooperative, Inc., Docket No. 4079 Cap Rock Electric Cooperative, Inc., Docket No. 4749 ' Central Texas Electric Cooperative, Inc., Docket No. 3170 Cherokee County Electric Cooperative Association, Docket No. 817 Coleman County Electric Cooperative, Inc., Docket No. 4875 Concho Valley Electric Cooperative, Inc,, Docket Nos. 3550 and 4797 Deaf Smith Electric Cooperative, Inc., Docket Nos. 4481 and 5019 Deep East Texas Electric Cooperative, Inc., Docket No. 3393 Denton County Electric Cooperative, Inc., Docket Nos, 3470 and 4189 ' DeWitt County Electric Cooperative, Inc., Docket Nos. 667, 3702 6 4919 Dickens Electric Cooperative, Inc,, Docket No. 4299 Erath County Electric Cooperative Association, Docket No. 4643 1 Fannin County Electric Cooperative, Inc., Docket Nos. 3747 and 4940 Farmers Electric Coop~srative, Inc,, Docket Nos, 3780 and 4422 Fort Belknap Electric Cooperative, Inc., Docket No, 4396 Gate City Electric Cooperative, Inc., Docket No. 4987 ' Grayson-Colli:i Electric Cooperative, Inc., Docket No. 3945 Guadalupe Valley Electric Cooperative, Inc., Docket Nos. 398, 3397, 4516 ' Rev. 3-83 Page 2 Exhibit (CNS-1) ELECTRIC RATE ANALYSIS ' (Continued) ' TEXAS (Public Utility Commission of Texas) - Contd. Kunt-Collin Electric Cooperative, Inc., Docket Nos. 3092 and 4750 Jackson Electric Cooperative, Inc,, Docket Nos. 2753 and 4710 Johnson County Electric Cooperative, Inc., Docket Nos. 4353 and 4961 Kaufman County Electric Cooperative, Inc,, Docket No. 3926 Kimble Electric -.;ooperative, Inc., Docket No. 2308 ' Lamb County Electric Cooperative, Inc., Docket No. 3270 Lighthouse Electric Cooperative, Inc., Docket Nos, 2995 and 4612 Limestone County Electric Cooperative, Inc., Docket No. 3931 Lone Wolf electric Cooperative, Inc., Docket No. 4291 Lyntegar Electric Cooperative, Inc., Docket Nos. 2988 and 4564 Magic Valley Electric Cooperative, Inc,, Docket Nos. 1991 and 3212 Medina Electric Cooperative, Inc., Docket No, 4113 1 Midwest Electric Cooperative, Inc., Docket Nos. 2717 and 3711 Navarro County Electric Cooperative, Inc., Docket No. 3116 New Era Electric Cooperative, Inc., Docket No, 4625 North Plains Electric Cooperative, Inc., Docket No. 2934 Nueces Electric Cooperative, Inc., Docket No. 3936 Pedernales Electric Cooperative, Inc., Docket No. 2247 Rio Grande Electric Cooperative, Inc., Docket Nos. 521 and 3681 Rita Blanca Electric Cooperative,Inc., Docket No. 2527 Rusk County Electric Cooperative, Inc., Docket No. 3383 San Bernard Electric Cooperative, Inc., Docket Nos, 2699, 3692 & 4534 ' San Miguel Electric Cooperative, Inc., Docket No. 4127 South Plains Electric Cooperative, Inc., Docket Nos. 2936 and 4822 South Texas Electric Cooperative, Inc., Docket No. 4128 Stamford Electric Cooperative, Inc., Docket No. 4095 Swisher Electric Cooperative, Inc., Docket No. 3062 Taylor Electric Cooperative, Inc., Docket No. 3679 Victoria County Electric Cooperative Company, Docket Nos. 770 and 3949 ' Wharton County Electric Cooperative, Inc., Docket No, 4541 UTAH (Utah Public Service Commission) Empire Electric Association, Inc. 1 Moon Lake Electric Association, Inc, WYOMING (Wyoming Public Service Commission) ' Carbon Power S Light, Inc., Docket No, 9022 Hot Springs County Rural Electric Association, Inc. ' Niobrara Electric Association, Inc., Docket No. 9572 Riverton Valley Electric Association, Docket No. 9451 Sheridan-Johnson Rural Electrification Association, Docket No. 9392 Shoshone River Power, Inc. ' Wyrulec Company, Docket No. 9097 1 Rev, 3-83 Page 3 Exhibit (CNS-1) 1 ELECTRIC RATE ANALYSIS (Continued) Miscellaneous Rate Analysis and Design Altus, Oklahoma Blackwell, Oklahoma Braman, Oklahoma Chanute, Kansas Cody, Wyoming ' Cushing, Oklahoma Lamar, Missouri, vs. Southwestern Power Administration Larned, Kansas Osborne, Kansas ' Ponca City, Oklahoma Raton, New Mexico Stillwater, Oklahoma Vernon, Texas Wellington, Kansas 1 1 1 r ' Rev. 3-33 Page 4 1 Exhibit (CNS-2) ELECTRICAL RATE ANALYSIS Wholtsale Rate Cases TEXAS (Public Utility Commission of Texas) Lower Colorado River Authority, Docket No. 366 Docket No. 1521 Docket No, 2503 Docket No. 3522 Docket No. 3838 Southwestern Electric Service Company, Docket No. 2810 Texas Electric Service Company, Docket No. 527 Docket No. 1903 Docket No. 2606 Docket No. 3250 Docket No. 4097 Texas Power b Light Company, Docket No. 3006 t Docket No. 4321 Texland Electric Cooperative, Inc,, Docket No. 3896 West Texas Utilities, Docket No. 4716 ' FEDERAL POWER COMISSION (Federal Energy Regulatory Commission) 1 Public Service Company of Colorado, Docket No. ER-76-381 Docket No. ER-76-687 Docket No. ER-78-501 Docket No. ER-80-407 Oklahoma Gas 6 Electric Company, Docket No. ER-77-127 Docket Nc. ER-77-215 Docket No. ER-77-465 Docket No. ER-78-423 Docket No. ER-80-421 ' Docket No. ER-82-256 Public Service Company of Oklahoma, Docket No. ER-77-422 Docket No. ER-78-511 El Paso Electric Company, Docket No. ER-76-409 ' Docket No. ER-77-488 Docket No, ER-79.526 Docket No. ER-81-426 ' Central Power 5 Light Company, Docket No. ER-77-331 Docket No. ER-79-008 Docket No. ER-81-387 West Texas Utilities Company, Docket No. ER-30-38 ' Docket No. ER-82-023 1 Rev. 3-83 Page 1 1 1 1 1 1 1 t 1 1 Schedule A-1.0 ' C£NTCN MNTY ELECTRIC CMRATI4E, INC. IM W SIATErENT (£CEr6ER 31, 1982 (a) (b) (cl (d) (e) TEST YEAR TEST PERIM AMSTED Ats:e,NI ADA6THENTS AM)AT AD,A.STMWS TEST PERIOD OP£RA1It6G FfVEM£ Sase Rate (a) f 5,650,777 f f 5,650,117 $1015301650 116,181,427 Fnel (a) 4,848,7;0 472,046) 4,776,724 (4,776,724) PCA 13) 4,320,765 174,I6 4,495,601 (4,491,601) Other (a) 81,877 81,877 _ 81187/ Total Operating Revenue $14,902,189 $ 102,790 115,004,979 ffL 253,x.5 $16,263,304 VIEWING EXFMS Purchased Parer (b) $11,317,201 $ 119,767 $111436,968 f f1I,436,968 Distribution ("A (c) 8061236 41000 810,236 810,236 Consuaer accounts (c) 447,474 25,628 473,102 MM 480,786 Customer service 81,279 81,279 81,279 Administrative 6 General (c) 427,967 142,045 570,012 570,012 Interest Customer Daposits (c) 11,365 HIM 111365 Depreciation (d) 600,:1 60,606 6681943 660,943 Other Taxes (e) 312,619 x,734 351,403 t8, 923 310,326 Total Operating Expenses $13,993,11; $-402,195 $14,39 IN f- -26,607 $14,42I,915 Return f 009,076 $ (M IC) $ 609,671 $ 1031,714 $ 1,841,349 Interest on long term debt (f) 8191556 13,119 8,2,735 832,735 Other expenses ---11,646 11,646 11,646 Operating aargin f 77,374 f (312,584) $ 4234,710) $ 1,231,718 f 991,009 Interest incise 212,960 (87,960) 125,000 125,000 Other income 95,178 95,178 95,178 CAT capital credits 16,M 16,855 16,E 1 Other capital credits - 11,546 --11,546 -__Y- - 11,546 Net oarsin $ 414,413 f (400,544) 1 131869 S 1,23 0719 f 1,245,587 Operating i1FA - 1.095 718 = - -2.197 Net TIER 1.506 1.017 2.496 Adjusted net TIER 1.485 ,996 2.476 M 1.712 1.390 2.525 Rate of Return 5.636 X 3.775 X 11,400 X ' Invested Capita) is) $16,130,114 f 21,459 $16,15M73 $ 960 $16,152,5.'13 (a) Schedules R-i L 0. R-1.0, R-1.1, and R-4.0 (b) Schedule I-10.0 and Schedule A-1.2 ' (c) Schedule A-2,0. Notes 1, 2, 8, and 91 Schedules A-1.1, A-6.0, and A-7.0 (d) Schedule A-2.0, Nate 4: Schedule A-4.0 (e) Schedule A-2,0, Notes 5 and 61 Schedules A-8.0, A-9.0, and A-10.0 4f) Schedule A-2.0, Note 71 Schedule A-5,0 (s) Schedule 9-1.0 Schedule A-1.1 DENTON COUNTY ELECTRIC COOPERATIVE, INC. SUMMARY OF REVENUE AND EXPENSE ADJUSTMENTS 1. OPERATING REVENUES Fuel Revenues (729046) PCA Revenues 174,836 Total 102,790 2. OPERATING EXPENSES PURCHASED POWER Wholesale increase 962868 Reclassify Office Use 22,399 Total 1!90767 Distribution-Operations 45000 CONSUMER ACCOUNTING Transportation Expense 25,000 Bad Debt 628 Total 25,628 ADMINISTRATIVE S GENERAL Payroll 153,418 Increases in A&G Expense 11,526 Reclassify Office Use (22,849) Total 142,045 Interest on Ccstomer Deposits 11,365 fi Depreciation 60,606 1 TAXES FICA Taxes 119014 Federal Unemployment 341 State Unemployment L,041 Reclassify PUC Assessment 249900 Additional PUC Assessment 113 Additional Franchise Tax 1,374 Total 38,783 TOTAL OPERATING EXPENSES 402,194 3. INTEREST EXPENSES Interest on Long Term Debt 13,179 Schedule A-1.2 OENTON CtUIfTY ELECTRIC CWEFATIVE, INC. R"1ARY OF PLMAWD PC41ER AO,A1ST11ENT Actual Power Bills 11,340,100 Actual Purchased Power Expense -111,317,201 Office Use (Account 921.8) 22,899 Adjusted Purchased Po+ver 11.436,93 Actual Power Bills 11,340,100 Increase 96,868 Plus: Office Use 72,899 Adjustment 119,767 S 1 i 1 Schedule A-2.0 DENTON COUNTY ELECTRIC COOPERATIVE, INC. SUMMARY OF ADJUSTMENTS DECEMBER 31, 1982 Note 1 - Payroll Adjustment Subsequent to the test year the cooperative revised the salary scale of its employees. To compute the effect this revision had on the wages expensed during the test year, the following computations were made: Based on salaries in effect following the test year, a computation was made of the total straight time wages (excluding overtime) that would result. The calculation resulted in annualized test year straight time wages of $10062,566 Effective July 1, 1983 the cooperative anticipates a 53 increase in salaries of all employees. This increase when applied to December 31, 1982 straight time wages of $1,062,566 results in an additional adjustment to test year straight time wages of 53,128 In addition to the above, the cooperative antici- pates additional hiring during 1983 that would result in additional straight time wages (excluding overtime) totaling 96,740 Total Test Year Straight Time Wages 51,212,4;4 A computation was then made of the percentage of overtime wages to straight time wages. This calcu- lation was based on an average of the four me^t recent calendar years (see Schedule A-3.0). The resulting percentage of 10.42$ when applied to total annualized test year straight time wages of $1,212,434 resulted in overtime of 126,336 Total Annualized Test Year Wages $1,338,770 Referring back to Schedule A-3.0, a computation was then made of the percentage of total payroll that was capitalized. The resulting percentage of 27.97% (when applied to total Annualized test ye,.r wages of $1,338,770) resulted in annualized cap italized wages of 374,454 Total Annualized Test Year Wages Expensed $ 964,316 r Less: Actual Test Year Wages Expensed (Schedule 1-9.0) 810,898 ' Total Payroll Adjustment $ 153,413 Schedule A-2.1 DENTON COUNTY ELECTRIC COOPERATIVE, INC. SUMMARY OF ADJUSTMENTS DECEMBER 31, 1982 Note 2 - Increase in Administrative General Expense (1) Increase in overhead costs (items such as work- men's compensation, general liability, retirement and long term disability directly related to pay- roll costs) applicable to the increase in payroll as computed in ;tote 1. This increase has been computed as follows: Total expenses for the test year: Workmen's Compensation $ 7,452 General Liability 31,627 Retirement 44,162 Long Term Disability 14,371 Total $ 97,912 Labor Charged to Operating Expense - Test Year 810,898 Percentage of Payroll Related Cost! 12.07% Adjustment for Payroll Related Costs: Increase in Payroll - Per Note 1 - $153,418 x 12.076 $ 18,518 (2) Increase in Major Medical Premiums Effective January 1, 1983 the amount paid by the cooperative for employees' major medical insurance was increased 37.55%. During the test year the cooperative expensed $23,873 in major medical premiums. When the percentage increase of 37.55% Is applied to major medical premiums expensed, the resulting adjustment is 8,964 (3) Rate Case Expense The engineering, legal and accounting fees in- curred in connection with the rate filing package are estimated at $20,000, which has been amortized over a two year period, resulting in an adjustment to administrative and general expense of 10,000 (4) Legislative Expen:;e Eliminated A portion of the cooperative's dues paid to the statewide organization - Texas Electric Coopera- tives, Inc. - and the national organization - National Rural Electric Cooperative Association - Schedule A-2.2 DENTON COUNTY ELECTRIC COOPERATIVE, INC. SUMMARY OF ADJUSTMENTS DECEMBER 31, 1982 Note 2 - Increase in Administrative General Expense (Continued) (4) Legislative Expense Eliminated (Concluded) which pertain to expenses incurred for the purpose of influencing legislation, and the payroll and overhead expenses of the cooperative's employees while attending various legislative rallies has been estimated in the amount of $ (1,056) (Schedule 1-4.3) (a) Reclassification of PUC Assessment In accordance with the opinion of General Counsel of the Texas Public Utility Commission, we have reclassified the PUC assessment which has been included by the cooperative in Administrative and General Expense accounts to Tax Expense. This reclassification does not result in any increase or decrease in expense recorded during the test period for this item of expense. The amount reclassified is (24,900) (6) Reclassification of r urchased Power - Office Use For purposes of this filing, the power purchased by the cooperative for office use is being reclas- sified from General and Administrative to Pur- chased Power on Schedule A-1.0 (22,899) Total Adjustment to Administrative and General Expense $ (11,373) Note 3 - Interest on Consumer Deposits Interest on consumer deposits has been calculated based on December 31, 1982 consumer deposits and totals $ 11,365 (See Schedule A-7.0) Note 4 - Depreciation Adjustment Depreciation expco-e has been computed on the basis of plant balances at December 31, 1982, resulting in an adjustment of $ 60,606 (Reference: Schedule A-4.0) Schedule A-2.3 DENTON COUNTY ELECTRIC COOPERATIVE, INC. SUMMARY OF ADJUSTMENTS DECEMBER 31, 1982 Note 5 - Taxes - Revenue This adjustment represents: (a) Reclassification of the PUC assessment as des- cribed in Note 2(5) (b) The additional PUC assessment resulting from the $ 24,900 adjustment in revenue for the test period (See Schedule A-8.0) 113 (c) The additional franchise tax assessment resulting from the adjustment in revenue for the test period (See Schedule A-9.0) _ 1,374 $ 26,387 Note 6 - Taxes - Other (1) Effective January 1, 1983 the FICA wage ceiling increased from $32,400 to $35,700. The FICA tax rate applicable to these wages remained uncharged at 6.7%. The following computation reflects the additional FICA tax expense to the cooperative. Total Annualized Test Year Wages $1,338,770 Less: Wages in Excess of $35,700 22,396 Total Taxable Annualized 'fast Year Wages $1,316,374 FICA Tax Rate 6.70% Total Annualized FICA Taxes $ 88,197 Percentage of FICA Taxes Expensed During Test Year 77,96% Total Annualized FICA Taxes; Expensed $ 68,317 Actual Test Year FICA Taxes Expensed 57,303 Adjustment to FICA Tae Expense $ 11,014 (2) Effective January 1, 1983 the Federal Unemployment Tax (FUT) wages ceiling increased from $6,000 to $7,000. 'fhe FUT tax rate remained unchanged at .7$. The following computation reflects the additional FUT tax expense to the cooperative. Schedule A-2.4 DENTON COUNTY ELECTRIC COOPERATIVE, INC. SUMMARY OF ADJUSTMENTS DECEMBER 31, 1982 Note 6 - Taxes - Other (Continued) Total Annualized Test Year Wages $1,338,770 Less: Wages in Excess of $7,000 918,770 Total Taxable Annualized Test Year Wages $ 410,000 FUT Tex Rate .7% Total Annualized FUT 't'axes $ 2,940 Percentage of FUT Taxes Expensed during Test Year 79.04% Total Annualized FUT 'faxes Expensed $ 2,324 Actual Test Year FU'T 'Faxes Expensed _ 1,983 Adjustment to FUT 'l'ax Expense 341 (3) Effective January 1, 1983 the Texas State Unem- ployment Tax (SUT) wage ceiling increased from $6,000 to $7,000. In addition, the tax rate applicable to these wages increased from .1% to .4%. The following computation reflects the additional SUT tax expense to the cooperative. Total Annualized Test Year Wages $1,338,770 Less: WagEs in Excess of $7,000 913,770 Total Taxable Annualized Test Year Wages $ 420,000 SUT Tax Rate .4% Total Annualized SUT Taxes $ 1,680 Percentage of SUT 'Faxes Zxi3pns-2d During Test' Year 78.83% Total Annualized SUT Taxes Expensed $ 1,324 Actual Test Year SUT Taxes Expensed 283 Adjustmert to SUT 'fax Expense 1,041 Total Adjustment to Taxes - Other 5 12,396 f Schedule A-2.5 DENTON COUNTY ELECTRIC COOPERATIVE, INC. SUMMARY OF ADJUSTMENTS DECEMBER 31, 1982 Note 7 - interest Adjustment Interest expense for the year ended December 31, 1982 computed on a year and balance of long term indebted- ness plus additional advances after year end results in an increase in interest expense of $ 13,179 (Reference: Schedule A-5.0) Note 8 - Consumer Accounts Adjustment (1) During July of 1983 the cooperative anticipates the hiring of three additional meter readers as referred to in Note 1. To facilitate these new employees, the cooperative projects its transpor- tation expense to increase as a result of truck acquisitions in the amount of $ 25,000 (2) An adjustment for additional bad debt expense related to the increase in revenue per Schedule A-1.0, column b has been included here (See Schedule A-6.0) 628 $ 25,628 t Note 9 - Distribution Operating Adjustment Also during July of 1983 the cooperative anticipates the hiring of an additional engineer, as referenced in Note 1. The cost of equipment to accommodate this now employee is estimated to be $ 4,000 Schedule A-3.0 DENTON COUNTY ELECTRIC COOPERATIVE, INC. PAYROLL PERCENTAGES Percentage of Overtime to Straight Time Wages - 8 of Overtime Year Straight Time Overtime Total to Straight Time 1982 $1,006,561 $119,200 $1,125,761 i9$1 873,128 94,012 967,140 1980 717,926 64,907 782,733 1979 599,222 54,80 654,111 $3,196,737 $333,008 $3,529,745 10.42% - vssssa --^ar ova Percentage of Capitalized to Total Wages % of Capitalized Capitalized Expensed Total to Total Wa es Test Year $314,863 $810,898 $1,t25,761 27.97% ~m Schedale A-4.0 DENTON COUNTY ELECTRIC COOPERATIVE, INC. ANNUALIZATION OF DEPRECIATION Balance Depreciation Annual 12-31-82 Rate - 8 De reciation Distribution Plant (1) $18,642,758 3.35% $624,532 General Plant Structures and Improvements $ 174,236 2.88% $ 5,018 Office Furniture and Equipment 53,312 6.96% 3,711 Office Furniture and Equipment - Computer 119,160 14.30% 15,753 Transportation Equipment 179,447 25.00$ 44,862 Stores Equipment 4,329 7.20% 312 Tools, Shop and Garage Equipment 30,502 10.00% 3,050 Laboratory Equipment 24,675 12.00% 2,961 Power Operated Equipment 261,068 25.00% 65,267 C,mmunication Equipment 40,811 12.00% 4,897 Miscellaneous Equipment 2,836 25.00$ 709 $881,376 $146,540 Total Annualized Depreciation $771,072 Less: Depreciation Charged to Clearing Accounts 110,129 Total Annualized Depreciation Expensed $660,943 Actual Test Year Depreciation Expensed 600,337 Adjustment to Depreciation Expense $ 60,606 (1) Includes Construction York in Progress totaling $361,444. 1 Schedule A-5.0 DE:VTON COUNTY ELECTRIC COOPERATIVE, INC. INTEREST ADJUSTMENT Interest Outstanding Annualized Source Rate _ Balance Interest 11 EA 2.001 $2,626,632 $ 52,533 H FA 5.00% 8,296,208 414,810 NRUCFC 7.008 719,714 50,380 NRUCFC 8.50% 196,179 16,675 NRUCFC 9.008 417,695 37,593 NRUCFC 9.258 1,340,398 123,987 t NRUCFC 12.258 1,116,180 136,757 Total Annualized Interest Expense JM, 735 Actual Test Year Interest Expense 819,556 ' Interest Adjustment $ 13,179 Schedule A-6.0 DENTON COLNTY ELECTRIC CLUIERATNE, It>t'. FAD DEBT EXPENSE TEST PERIOD M(sR{T Revenue Requirement f 15,001,979 Rate ,0061065 Adjusted amount f 91,628 Test rear amount (91,000) Adjustment f 629 AMSTED TEST PERIOD AUNT Revenue Requirement f 16,263,304 Rate ,006IOb5 r Adjusted amount f 99,312 Test Period amount (91,628) Adjustment f7,684 Schedule A-7.0 1 DFNTON CI:eJEIIY ELECTRIC CCCF'EFATIYE, 114C. INTEREST ON CUSTCIIER DUMTS Customer Nposits 1 139,123 Interest rite ObOO0OO t Adjusted izount f I1,w Schedule A-8.0 1 r JMCN C00M ELECTRIC COMRATIVE, INC. FUMIC UTILITY COMISSICH ASgWM TEST PERIOD AalNT Revenue Reauiresient f 15,004,W Ra to .0016670 r Adjusted count f 25,013 Test Year, count Adjustment $ 25,019 AMTED TEST PERIOD WW Revenue Requirement _ Y f 1063,304 Rite '00166'0 Adjusted amount f 27,111 Test Period amount 125,0131 Adjustment f 2,094 r i 1 r r Schedule A-9.0 WON COINTY ELECTRIC WERATIVE. 11C. MOM TAXES TEST PERIOD AMWT ! Rtvtnut Requirement f 15, 004.979 Rate .0133716 Adjusted amount f 200.640 Test rear amount 1199.2661 Adjust&ent f 1.374 ANUSTED TEST PERIOD AftajNT Rtvenue Requirement f 1b.263344 Rate .0133716 Adjusted amount f 217,466 Test teriod amount 1200,6401 Adjustment S` 16,826 1 p r j Schedule A-20.0 DFMM MNTY FLFCTRIC CMUMTIYE, Ilx. OTHM TAXES DECOM 31, 1992 {a1 ID1 fcl 141 fc1 TEST YEAR TEST PERIOD AMISTED Ow AMUSPOTS A" M AMSTMEWS TEST PERIOD REV IE RELATED TAXES NC Assessment 1 25,013 S 25,013 1 2,098 S 27,111 Franchise 199,266 1,174 200,640 16,826 217,466 Total revenue related taxes s_ 199,266 S 26,398 Sr 225,554 S 18,923 S~244,57' WN-REVEIM TAXES Ad Valorem S 53,784 S 53,784 1 6 53,784 Social SeruritY SM03 1:,C14 68,317 68,317 Unearlornent 2,266 :,382 3,648 3.M8 Total non-revenue tax-5 $ 113,353 $ _ 12,396 $ 125,749 S' S 125,749 Total Taxes $ - 312,619 $ - ,8,184 1 - 351,403 S- 181923 S- 370, V6 Schedule A-11.0 UENTON COUNTY ELECTRIC COOPERATIVE, INC. REVENUE ADJUSTMENTS Fuel: Fuel Cost Adjusted $4,776,724 Fuel per Books (4,848,770) Adjustment $ ( 72,046) Purchased Poker: Power Cost Adjusted $11,436,968 Less Fuel 4,776,724 Base Cost $ 6,660,244 Less Base (195,930,757) (0.011048) 2,164,643 Adjusted Power Revenue $ 41495,601 Less Books 4,320,765 Adjustment $ 174,836 Schedule A-12.0 KWON OWN ELECTRIC COCKRATIVE, Ifr. DATA 1tfVT SHEETS DECE1W 31, 1934 TEST YEAR A&WTED ACIA MmTTt£MS TEST PERIOD 1. Plant in Service 19,31C,1J9 19,310,109 2. Accumulated Depreciation (3,787,M) (3,787,482) 3. Construction Work in Prosress 361,444 361,444 4. Other lone Term Assets 5. Working Cash Allowance 220,370 22,420 242,789 6. Other Working Capital 7. Paterials and Supplies 195,666 145188,6 8. Prepayments 19,230 19,230 9. Fuel Inventory 10. Customer deposits 189,423 189,423 14. Other Cost Free Capital 12. Depreciation 600,337 60,606 660,943 13. Rate of Return .0 56KS9 .0576411 .1140000 14. Return 909,076 932,313 118411389 15. 60 Factor 16. Local Gross Receipts Factor .01''3716 .0133716 .0133716 17. Ad Valorem Tax 53,7Q4 53,784 18. Payroll Taxes 59,559 12,396 71,965 19, Other Taxes 20. Revenue Not Subject to RUC 21. Fuel Revenues 4,848,770 (4,6.18,770) 22. Other Revenue 81,877 81,877 73. Texa: °UC Assessment 27,111 27,111 24. Local Gross Receipts 199,266 18,200 211,465 25. Interest on Customer Deposits HIM 11,365 16. Interest Rate on Customer Deposits 06000(0 ,060M .0600000 27. Non WC Expenses 28. Purchased Power in Working Cash 29. Fuel 30. Fuel in Base Rates 31. Purchased Foyer 1117,201 119,767 11,436,968 32. M Expense 1,671,956 171,045 1,343,001 33. Uncollectible Expense 91,000 6,312 99,312 34. Uncallectible Factor .0061065 0061065 .G061C55 1 1 I t 1 w i 1 1 1 1 1 1 Sched,il a B-1.0 CF?ITiN COIMTY ELECTRIC CMPERATIM IW. 1MfSTED CAPITAL IECEME£R 31, 1952 e (al (D) (c) (d) (e) TEST YEAR TEST PERIOD AMSTED ACTUAL AWUSTMWS AMOLNT AMISTMENTS TEST PERICD Plant in Service 119,310,109 $19,310,109 S $19,310,109 CWIP 361,444 361,444 361,444 Accus depreciation 13,131,482) (3,787,482) 3,787,4.32) Net Plant $15,884,071 $ $15,M,071 f $15,884,071 Materials & Supplies 195,366 195,866 195, 866 Prepayments 19, 230 19,230 1%23A Custoser Deposits (189,423) 1189.4231 1189,423) Cash Working Capital 220,370 21,459 241,829 960 242,789 Total invested capital $16,130,114 $ 21,459 516,151,573 $ 960 $16,152,533 Return $--"909076 (291,4051 f 609,671 f 1,231,718 $ 13841,389 Rate of Return 5,64 X 3.77 X 11.40 X r e i Schedule C-1.0 DENTON COUNTY ELECTRIC COOPERATIVE, INC. ORIGINAL COST OF PI ' NT' YEAR ENDED DECiiMBER 31, 1982 Balance Balance 1-I-82 Additions_ Retirements _ 12-31-82 Electric Plant in Service $17,202,781 $2,431,909 $324,581 519,310,109 Construction ltiork in Progress - 313,321 48,123 361,444 $17,5,16,102 $2`480,032 $324,581 $19,671.553 1 1 Schedule C-2.0 DENTON COUNTY ELECTRIC COOPERATIVE, INC. SCHEDULE OF ELECTRIC PLANT Year Ended December 31, 1982 ' Balance Balance 1-1-32 _ Additions Retirements 12-31-62 CL,1S:~IFIED ELECTRIC PLANT IN SERVICE A Intangible Plant $ 2,626 $ -0- $ -0- $ 2,626 Distribution Plant: Land and Land Rights $ 21,894 $ $ $ 21,894 Poles, Towers and Fixtures 3,241,514 04,387 84,525 3,831,376 Overhead Conductors and e Dovices 3,443,728 371,516 41,659 3,773,585 Underground Conduit 416,188 1,682 417,870 Underground Conductors and Devices 1,210,806 197,181 21,816 1,386,171 Line Transformers 4,337,175 494,926 14,074 4,818,027 Services 2,275,570 312,627 32,854 2,555,343 Meters 796,486 129,959 3,355 923,090 Installations on Con- sumers' Premises 548,495 51,506 24,149 575,852 Total $16,291,856 $2=2_33, 784 $222,432 $18,393,208 i General Plant: Land and Land Rights $ 129,72 $ (6,803) $ $ 122,899 Structures and Improvements 162,138 12,098 174,236 Office Furniture and Equipment 149,878 23,283 9,699 163,472 Transportation Equipment 151,493 91,685 63,731 179,447 Stores Equipment 4,329 4,329 Tools, Shop and Garage Equipmert 30,152 350 30,502 Laboratory Equipment 23,919 756 24,675 Power Operated Equipment 214,837 74,960 28,729 261,068 Communication Equipment 39,212 1,599 40,811 e Miscellaneous Equipment 2,639 197 _ 2,836 Total $ 908,299 $ 198,125 $102,149 $ 1,004,275 total Classified Electric Plant in Service $17,202,781 $2,431,909 $324,581 $19,310,109 Construction Stork in Progress 313,321 48,123 361,444 Total Utility Plant S 17,516,102 $2,480,032 $324,581 $19,671,553 f r Schedule C-3.0 .I A .b. m.D. A N D r¢ ~ ~ _n O M1~ m n fry• b n ^ o n m n a n a .Dn a a x x Ni N N T I Y M M nl ~ r nn.^,q ~vI a m ~ .PA a= ^ r m ~ b .o i ~ 1\ O .n hI V 9 9 H w n ']-O¢ i n n r tl b O m m .!O~II j r tl w C it S A~A r J n O r N N-0 T ~I N N n n m e n T' f N N N M b m n 5° a o n° .ae 's r n r a a n u n a A y N T m JI` E 's C1 3 N n N ry w 9 CI M M A b 0 tl d m J~L ~ C N O^ O "J' d O~ O T!+~ ~P bl C n n ~ O ry i W f M Y p N Y \a m Ili d i O M ✓ O r .a O N C j r I yf nl A ^ r 11111 N N N d 0 9 N M ~ ^ a + O O O N .y ~ N~O C'~ n T• tlJ N M~ n r ♦ N = M N ~ tM N N M _I h~ w n ID 9 n b : ~ T n < r n^ C] P J ~ n ~ N ~ Q P i[ m N : O M O r 11 a• a ^ Na n ~tlm• M~^ ~ ~ a D n rv=~ ~ ~ ~ a r m N M N M N M M rv~ m m r m n$ .e a ~1~I m m > n y rv ~ T n ~ n~ N N 'f' n d O M m~ N M N Q A n T A a ^ N n b O O d n P N~ P w~l .S s A♦ Na..$ ,n W a o ~ n N♦ n I rl! r n ~ ♦ [1 ~ ~ N m b ♦ rV ^pMbN OQ P m r ^Ory Nr '„Ii O NI N N Z 'J' ~ J m m \f N n T dl S n O V n ~ Y M1 N m! r N~ V N _ tl V n .p D N y m ry N O N n n♦ w N N I. n n b I. O O h ^ N ^ n n p an ^ O On ♦ N P rv P n NT¢ n m w n - d N n n M M y61' f T N M N MI l m n 1I tl O'^ n= NT p 1 b m O n O n O n n 'J' m ^ h~ ,V ~ r ~ ~ rv~ ~ N N P `0 ^ O b n P b T~ N = n d O tl P 1 N ! V~ 1J ZI ^ d N O n\ ~ r N~ N r N w ~ n N n n ~P~ z IyJJ r` n - w e y yI N I` ~.1 o N N N N N M 1 0 k w ^ w n T N Y b O [min O R N r n~ n n r vQ qp P D P T Z. h mjlt O I T t \ N N 'n O r ry M m N ~~^I N N V p tl O n^ P Nl n~ II4JJ18QC3$~ t ^ ntl OnC A 11 ~ .n ~ C n N n Ill n~ N N 2 N N N M h P n . n a n o n° " m ~ N n N .a`D n em [ c o ~ n non - r r n ~ r m N a~ N ~ n b N ry n r ~ en P r N M N N N N M . a a n Q p 'v r p i 0 o n D n~ v = gi n m P p 9 O I`. N : b O ryb n P m: m pO. +1111!{ 2 rv ~ n° ~ °n n i m Q n tl a N n m J. a N P ♦ a r yI M M M M M N R N w `0 m .A b n n O ^ T r n T N^ n ~ 'I b b 6 n if a m N n : O D^ E T C n 2 O n N n 1- `0 ~ N A O- e O n O P N ~ V N Q d N N m ✓.,iy ~ ~ 'A T' ~ n N n n P n~ I' n n n 1 N + J N M „ N M M ' ~ E~ ' ♦ m9 bN O'J Nb N 9 P P ry Nan ~+~'I~ ~ ~ O~ n m P O ~ n 'S1 m I` m /1 Q A 9 T: O d w ~ P m• M ^1 n1I ~ h n b D n n .O m r ♦ n n w P N~ m~ V~~ y N < Y n n T ♦ ~ N ~ n n r c n ~ o N N N N n e , N 3 iY ~ • O ~ ~ y°y UCC CC~ ~ ~ • ! ~ 1P r_ P~y ~ C~ CS S C• e s aj u Z a 8 0 w V 2 1 s Q O f j C ~ y i J C Y F t ~ L s • O ~JYI OWOJ-N~JJ6 U= C ~ ~ n Y'~ oD • ryntl N••n I n n n n O Om~ T P P^ P P P n n ~ n n n n n nn n.-,~ Schedule C-9.0 DENTON COUNTY ELECTRIC COOPERATIVE, INC. CONSTRUCTION (YORK IN PROGRESS ' Denton County Electric Cooperative, Inc. had construction work in progress on an individual system improvement totaling $153,688 at December 31, 1982. 1 1 i 1 f 1 1 1 1 1 Schedule C-5.0 DENTON COUNTY ELECTRIC COOPERATIVE, INC. OVERHEAD CONSTRUCTION COSTS All overhead construction costs, including supervision. general office salaries and expenses, engineering - both by cooperative staff and as performed by others who are not members of the cooperative staff - insurance, vehicle expense, applicable employe benefits, and taxes are charged to each particular job on a basis which assures that each job will hear its proportionate share of applicable overheads. The overhead costs are accumulated on the work order records of each individual project so that the cost of the units of property constructed by each individual work order are accurately and equitably stated. As a general rule, the payroll ' charges includable in construction overheads -are derived from time cards maintained for each individual employee. Interest during construction is not capitalized. e Contributions in aid of construction are credited to the accumulated cost of the individual work order to which the contribution applies. 1 16 1 1 1 1 1 t 1 1 1 1 1 1 1 Schedule D-1.0 DENTON COUNTY ELECTRIC COOPERATIVE, INC, ACCUMULATED PROVISION FOR DEPRECIATION YEAR ENDED DECEMBER 31, 1982 ' Balance Balance 1-1-82 Accruals_ Retiremcnts 12-31-82 1. 108.6 Distribution Plant $3,051,496 $569,208 $320,226 $3,300,478 ' 2. 108.7 General Plant 467,219, 88,899 38,002 518,116 3. 108.9 Retirement Work Y _ in Progress (28,845) 2,267 (31,112) Total $3,489,870 $658,107 $360,495 $3,787,482 DENTON COUNTY ELECTRIC COOPERATIVE, INC Schedule D-1.1 . SCHnDULE OF ACCUMULATED PROVISION FOR DEPRECIATION YEAR ENDED DECEMBER 31, 1982 Balance Balance t 1-1-82 Accruals Retirements 12-31-82 CLASSIFIED ELECTRIC PLANT IN SERVICE Distribution Plant $3,051,496 $569,208 $320,226 $3,300,478 e General Plant Computer $ 1,120 $ 13,519 $ $ 14,639 Structures and Improvements 98.064 4,685 102,749 Office Equipment 36,838 3,477 6,629 33,686 ' Transportation 51,767 41,703 15,211 78,259 Stores 2,618 213 2,831 Tools, Shop and Garage ' Equipment 17,672 1,403 19,075 Laboratory Equipment 6,406 2,387 8,793 Power Operated Equipment 215,762 16,067 16,162 215,667 Communication Equipment 34,941 4,738 39,679 Miscellaneous Equipment 2,031 707 2,738 Total General Plant 467,219 $ 88,899 $ 38,002 $ 518,116 ' Retirement Work in Progress $ (28,845) _ 2,267 (31,112) Total $3,489,870 $659,107 $360,495 $3,787,482 r (1) (1) Charged to Depreciation Expense $600,337 Charged to Clearing Accounts 57,770 $658,107 1 1 t Schedule D-2.0 r m n P. m T ^ ^ ^ n T r a n 4 ~a~++ d ~ a n m o ~ •~I n a O ^ O ^ O n .P. a rv P hf m ~ n~ ^ m 1 r G1 N N N LI ^ QJ, ^ ^ O f ~ N ~ T O ml n L .l `G m P A m rv V = Y y. lfl n M N N a x d m ~ e w ai N I v r s a ~ n m ~n o° m° v~ n ' ~ n ^ ^ n N m m ^ N V m n p M m n N N M .'S n V T N m V m ~ O N ' ~ N O N : f : h 0 n = N r O m ' ~ h ~ O h V N m m M h rv~ m m L n If1 ^ N N M a f n n O P a O N~ : PI n P T O h .p N O n ` O N n n T N M I P V r r n ^ N n V V f 9 N n n a n n a m n mm f ' ^ _ _ N f r ~ V f~ • ^ V 3 r e o $ m ^ N m ~e rv N n N I M1 v m ^ ^ N M M m I m r m ^ r, o a o ~ N a o a ~ ~ n ~ n n r G N ~ • ^ m r p .{I f N m n INS r N m T C M O ^ ~0 N • T n ^ ~ N T M tl WY p~ M M 4 q P M ~ d o n r ~ n N rJ v O 9 n g n ~ N m^ n ~ Nl ~ V~ b~ Q\yQ~ ^ V N y yYp N N M U~ S ~ f ~ ^ f P ^ m O O r M 1 . 9 O V V O N j N N C W 1w ~ » W .m• g ~ ~ nr n ~ m ^ m m n f1 tG/ • a g N V O T ~ ~ N~ V m~ a Y !a'a f P n n N O 'C P d N d n 1= t p ~ N N M T11 a o ee1 n ~ m M O V ? h_ n ^ a N~ t L~ O ^ P M I^1 N r V n ~ N r N f O N I: N y M QQ r M N a N • P u n r °N a N 9 n a N ^ M Y r N P O m n' ^ ^ a N N N N A 0~ P n ~ r~ ~ ~ n ~ f r I1 ! - p m r m ~a ! n a p T O h m m a p ~ ^ N N m f M N C ' u W Q L y _ ~ ^ L 4 'J ~ n S■ Y a ~ y ~ n 8 ~ ' s ~ x a= VI i W Z a V n n n n r n n n n m i i f o °o $ o o °o o D $ o mo $ Schedule D-3.0 DENTON COUNTY ELECTRIC COOPERATIVE, INC. DEPRECIATION AND RETIREMENT METHODS AND PROCEDURES 1. Depreciation on electric plant is computed using straight line composite methods ' of depreciation according to guidelines set forth in REA 3ulletin 183-1, dated November 30, 1969. 2. Depreciation rates for the various plant accounts are set forth on Schedule A-4.0. 3. Retirements are removed from transmission and distribution plant at the average unit cost of the plant retired, as determined from the Continuing Property Records. ' 4. General plant items are removed from plant at original cost, as determined by individual property records maintained on general plant assets. 5. In accordance with the procedures prescribed by REA in connection with utility ' plant accounting, the original cost of plant retired - as determined by the Continuing Property Records, or from individual property records - plus the cost of removal, is charged to the appropriate accumulated provision for depreciation 1 account. The trade-in or salvage value of plant retired is credited to the appropriate accumulated provision for depreciation account. 6. The total plant in service as of the end of the year was $19,571,553. The. total depreciation reserves were $3,787,482 - 19.3% of plant. 1 1 1 1 L t t 0 1 1 1 i i i Section E DENTON COUMY ELECTRIC COOHRATIVE, INC. I CURRENT COST Not Applicable. 1 i 1 t ~~r i f 1 1 i f Section F DENTON COUtiIY ELECTRIC COOPERATIVE, INC. ADJUSIMENT FOR AGE AND CONDITION Not Applicable. l ,f M I f ,1 1 1 1 1 f t s Schedule G-1.1 DENTON COUNTY ELECTRIC COOPERATIVE, INC. AVERAGE BALANCE - MATERIALS AND SUPPLIES, PREPAYMENTS, CONSUMER DEPOSITS Materials 6 Supplies Pre2, vments Consumer Deposits 1. December 1981 $ 212,427 $ 28,623 $ 137,942 2. January 1982 213,090 39,647 138,178 3. February 237,687 27,095 137,132 4. :March 174,569 21,t60 144,668 5. April 82,669 15,226 151,097 6. May 227,236 23,475 155,023 7. June 191,155 10,462 157,962 8. July 166,531 18,725 165,177 9. August 214,178 12,649 1720198 10. September 200,904 24,416 174,327 11. October 193,388 19,909 178,078 12. November 219,064 13,085 185,957 13. December 213,355 5,520 189,423 14. Average 195,866 19,230 160,551 Schedule G-1.2 DENTON COUNTY ELECTRIC COOPERATIVE, INC. J WORKING CAPITAL MONTHLY BOOK BALANCES Materials & Supplies Prepayments Electric Insurance Other 1. December 1981 $ 212,427 $ 22,948 $ 5,675 2. January 1982 2L3,090 19,123 10,524 3. February 237,687 18,004 91091 4. March 174,569 13,503 7,657 5. April 82,669 9,002 C.224 6. May 227,236 4,501 18,974 7. June 191,155 10,462 8. July 166,531 9,169 9,256 9. August 214,178 4,735 7,914 10. September 200,904 14,204 10,212 11. October 193,388 10,822 9,087 12. November 219,064 5,411 7,674 13. December 213,355 5,520 i 1 I 1 1 1 1 Schedule G-1.3 DENTON COUNTY ELECTRIC COOPERATIVE, INC. MATERIALS 6 SUPPLIES AND PREPAYMENTS EAPENSED CALENDAR YEAR ENDED DECEMBER 31, 1982 Materials & Supplies Prepayments 1. January $ 2,338 $ 3,037 2. February 1,175 3,965 3. ;March 4,213 3,488 4. April 6,097 3,328 5. May 1,449 3,995 6. June 1,910 3,690 7. July 3,169 3,406 8. August 6,164 3,381 9. September 2,742 3,619 10. October 1,867 4,313 11. November 2,418 4,170 12. December 4,765 5,086 13. Total $ 38307 $ 45,478 Schedule G-4.0 WITON M." ELECTRIC COTERATIVE, INC. CASH MING CAPITAL I£CMER 31. I932 (al W (d) tel TEST YEAR TEST r mm AMTED MN T AD WTWS At1CUNT ArWSTTfETITS TEST PERIOD Purchased rower $11,317.201 t 119,767 611,436,964 f _ f1114s6,968 Total OM expense f 1,762,955 f 171,673 S 1,934,629 t 7,634 f 1,942,313 Factor .1250000 .1250000 I25 ..-W .1250000 .1250000 Cash allawnce-0M expense f 2;'0,370 f_ 21,459 f 241,829 f 960 S 242,769 Total cash working capital S-220,370 f-21,459 S~241,829 f960 $ 242789 r. f A 1 1 1 1 1 b f 1 1 1 1 1 Section If DENTON COUNTY ELECTRIC COOPERTIVE, INC. Nct Applicable i 1 1 '1 1 1 r t r r Schedule 1-1.0 a a~ qM1 No n rNJ1 a r ¢ cld ap+~ na^ a an m r p ry i C `f - ^ V N m 'G ^ V ~P -P n h i _ N pQ9.Ppm Nm^I~ h mmi^ PGI^ O ^rmn 01 ^JN 6S / M .:1 m M O N N r m n a~✓e n! C"Vlld h n = w ' I1 N i/ 3 J r 1"~n~ C r ^ ^ a d ^ r^ .a N Na N N N M N M N M M N N ~ P N C O O M T J'. O d y C V n P ^ .p P N^ J~ C N Y~ Z O< C 9 ^ J' T M1 ^ n N NT Om O m .P in m n T ^ E121 d T frv u. J N~ : 9 d n r r ti fP. n +d~ a F. P ~ r -m ~e n a ~o~ •n n ^ . p a N N~n n~ C N N MI N N N M M N N M i .n9 C a P O M1 N TT~ N p `O n f~ l~ n N P ^Oi N~ 'O tl ~n N N^ O f^ f V; Ir ' T. N M M N M M Nn M M N n O O '2' G r^ `G O ' n d J. n C tf 1 n .n N 'O n n r 4 O C C~ ~ N r n P O n~ N ~ Min D O ~ N O V r~ I N V IN~ N tl N d n r O a n ' !I Cl .nMn~m NTO a<P n.C`Ir, qO HCJV` M Q~rT PN~~NNI^ `t .`I{ O ff nl~ Nn qnl~ NONn~~ NV N~ N^Nanrv'annl~ pP~IIII~~ pp G~ N O P b vim N P ~ ~ 1T v N 1~ ~ N N V O~ ~ N tl ~N~ N a n f n M^ N n n~M~ h ..ppF OPnnG` Y. C'1OSI nM^ Ir inn ¢ NY NO„a~~'^~ ' I m m^ : N M M i C I q C 'V 9 n N N n .I~1 n I•Nn~ r 1'^' 'Q n N'~ _ PNr O NIf1 n /n r nr^.~n .p ^r nn N S~ N N N N N M M N N M N m r (J C d n n Yl q O N V O O n .C r T O O 1 n N I`[C Q yy1 = N T rp N p rv h O J N V d 1.~ n r CIC NIt fmY Q N^ T n^ \ n`^ x' ~ ~ n Y n S I~ N O m O ~0 mfI O= r y1Ij.n N V [tr`rP N^ d C^ C 0~ J~ 1J ^I m ~ M ~ n ^ ~ ~ N n m I»~ ~ r N Ni ~ N IM~ N `C V n r v~ 1- ym VVVpfff k . v 11 Sy J' n m N n O P O N h O N n h m C P P n N O P _ Z yZ C J1 ^ n P n n¢ J N YI 1 n ~OIO R O 3n i d n O O O .[id fwf. rv U = P P V n N N~^~ O =m a `~J~ '1 a e~ n l09 J a O t m M^ n n C.1I9~ V~ S 9 P 0 N m n d O N^ 6~+J M O n1O W r IIM1 1YJ ' m f+ n T^ r d !~'n J p U Z 9 M N N N N N N N N N IN t fY 20 C W p ^ m 9 n g a N P M V 0~ n B O O ON ~O Q' O O 1 n V^ O q r D `a ~n mN~ `O N~OJ N O T n ^ n C ON f. n J' V 9 ^ Gl P1 n ' N N^ m d n t d d N ~~T M1 tIIT M= v d P r T N JJ'' f Itl d Z¢w~ ~ ~I ^~.N. P YIT m/~.- a~ nVMr1'~ n IN~ ~n nV a N I f yZ N N N M N N M N N N O V' 4 9N O 9 hn^M1I PNOC 9n,p0 N~0 ¢ NhP m~NagON q r ~P ^ O ~ ^ n 9 d N~ m q N J~ n ^ J~ ~ r a. P Gi nN N V ~n S~11 V Ps in m PCOdr^ rT OhM = m OVV P 'I~ ^T IN N.n Nn~ n O s'f N.~^ N N N M N M N M N N I'd ' 1~~ ~ MOO ^ O a a G~M~ N Xi It n P m ~ ~ m a n~ ~ M N ~ N a a N f .r N P ^ n~ n^ N PIT V p n r C m 0 0 C n d n P d O n O P p r N 9^ O d I O I m< O N ? r T O T m N p J. m 2 N P n 0 ^ N v N N^ N ~N~ n- n f~ ~ b' O O i S~ J^ I O~ N m V Q n n = m V i ' f ~ C^ h Y d n N r^ N I`IN ^ N¢ M V n !1 ~6~ a n M M N N N M N N V. N N O O as y ~ ~ G N W 5 Z ~ 'f • ~ C o8yX.5 5 ~ ~c"la. ~ 7~q • YcY5 'u Wy1 3 P v' 1 i y ~Un O fJ r J I $ Y 4 S a Y r T 4a 11~ZN • 1 J O / N 2 1 1 1 1 1 D• q 0 i yp ] O L 'T t N1 ~Na[ •O`[J ryj~ air ~ (G.~ O O O 0 Z [ ~¢4; r'L 1 4.• yC ) ! CL6Ur G zrW G ~ O J•f+^ N M W i~~ R~• ]II Y~q y I ~ y~~• w N rC U 9 Y~ 1m 1 - ~ ` 1 • 6 f ■ ~ E 9 ~ L ~ ~ ) yL p[Q~ w r W 3 ~ 56 ~ P ~ r ~ SSG ! • ' N N_ Y1 V O~ 8J1 00 raN O h P On Y.n n Nn 'W O ON of /+~e nm D n 4 2 r m O m~ t] m S S P P~ Z P O o 0~ ~ N N N N (r N N n n ( h rrr rnr~r Nin nr P TP P PPPPP P P PT PP PP P P Schedule I-2.0 C'ENTCPt4 1-:1-11INTY ELri::TRJCl CCo-1 'ER'ATIVE, INC:. ' 1JMMARY OF FIJFL F.YF'FPJ:.F FOR TWFt,VF r-TiJNTH:-- FNTI MG DFCE1,1rgER 19:-D2 FL lr=L. ---_..Exr-'F-ra,-,E. !Kn parr' 557, 6,312 F br11ar.. :";9G, 12'5 Ma rrh 250, 757 Aar i 1 26.2, 079 r1a', 255, 476. h.Ine '5P, 797 • IJ 11, 470, 1 o I A,.tqust 1,27,4::1. ,,.Ptemr.ar 5'G, 527 [Irtr_iber 3,6.-7,5o November 395,!?5Q Ire cem`, r ;370-,091 Total --=4_ _53,9-1-- Schedule 1-4.1 DENTON COUNTY ELECTRIC COOPERATIVE* INC. SUMMARY OF ADVERTISING EXPENSE BY MONTH CALENDAR YEAR ENDED DECEMBER 31, 1982 S News aper Other Total January $ 76 $ 103 $ 179 February 151 151 March -0- April 3 71 144 May 216 225 441 June 80 80 July 86 50 136 August 199 248 447 September 52 325 377 October 84 113 197 November 134 113 247 December 143 183 326 $ 1,063 $ 1,662 $ 2,725 1 r t Schedule I-4.2 DENTON COUNTY ELECTRIC COOPERATIVE, INC. DONATIONS CALENDAR YEAR ENDED DECEMBER 31, 1982 Fire Safety Program $ 10 Denton County Jr. Bowlers 25 ' Little Elm Volunteer Fire Department 35 Texas Agricultural Extension Service 350 North Texas State Fair 13 Lewisville Charger Softball Team 50 r United Way of Denton 125 Aubrey Independent School District 30 $ 638 ~a 1 1 Schedule I-4,3 DENTON COUNTY ELECTRIC COOPERATIVE, INC. EXPENDITURES FOR INFLUENCING LEGISLATION ' The ca)perative has been informed that a portion of its dues paid to Texas Electric Cooperatives, Inc. and the National Rural Gle, 'ric Cooperative Assocaition should be designated as expenditures for the purpose of influencing legislation. These amounts are as follows: Total Applicable Dues Percentage Amount Texas Electric Cooperatives, Inc. $ 6,283 8.53% $ 536 National Rural Electric Cooperative .Assocaition (,740 .30% 20 1 Total $ 556 ' In addition, the cooperative had expenses consisting of labor and overhead charges incurred as a result of employees' attend- ance at legislative workshops. etc. 500 Total All penses $ 1,056 1 1 i 1 ' Schedule I-S.0 ~ ~ ^ - e rv ^ w u a M1~ ~ M NI Il w w w N 2 M N N w w M w C p ° N N M M H M M N D ° m ~ ~ N a N d N N p N m ~ N! rl Q ry~ O~ ~ ^ I nyl ~e N O O N N N M N w w N n ~ n o a m ~ a ~ N a c. a rv rv ^ + n .ri p N M C9 M M N a n{ e c H yN r N N w i ~ ^ J ^ N is 5~ bl O W NI ` r~ ° u ^ N n p s U ~ p N ~ N N N y f.l 0 yy p y~ y~ t Pp m I~ ~ tO „ O a N T p I1 ~ N ° ^ M1 1 N p N N N N N yz O n Q' N ^ N 0 N O n N P a I ti N rv n ~ rv ~ n r M M gg N' M M 0~ ~ n I n~ N w M 11 N N JI w ~jI ~p rfl N N w ' ~ ~ ~ N r o m . ^ W ~1 ^ I OJ °y p l p~.~ e ^ n N ° N w w N N u g ~ V V ~ s n Y N ^ o r b n ^ ~ ~ ~ n n ~ n ~n n Pn n n ~ e o Schedule 1-8.0 1 DENTON COUNTY ELECTRIC COOPERATIVE, iNC. OTHER TAXES CALENDAR YEAR ENDED DECEMBER 31, 1982 Total Taxes Amount Expensed 1. Property Taxe, $ 53,784 $ 53,784 ' 2. FICA 73,976 57,303 3. Federal Unemployment 2,509 1,963 4. State Unemployment 359 283 5. Franchise Taxes 199,266 199,266 $ 329,894 $ 312,619 1 1 e e m r Schedule I-8.1 ~ a r- N n N M N I H f N M ,I! M M M N N ml e~ t ♦ a a = O O a ^ NF ^ N N NyI N 1!r N C 1 I1 ♦ ~ a O~ N~ a! ~ N N~ / ' ~ M N N M H N {L I 8 m ~ r e C o~ a ♦ ♦ ti~ n~ r~ c~ Y~ 1r M N M M N H 8 J n aNa n ~ P M N M M M N N 1J N ' r O C ~ n R Or O C d ♦ ' f N~ n v L S m ~yI s m °I LpQ~ N M reel N M N H V N i ~.JI[ p > ~ f N M 1 N M N N Y C m c 8N`~I N N N N M MI M ~ n 9! N~ ~ 'I 11 NI11 N N N I1 H Hl N p a ~ MI H N PI a N N M M H A . f s o ' s r a ae a 1 a ~ o a . . c p 6 i .ur ~ • ~ y ~ V y A y 1r. 1 r L. ♦ Y < rJ 4 d ~ ~ O N m Y~ S m m m o G ♦ a a e c♦ V t Schedule I-9.0 r N ^ a N r n o n n rv n N n a ° n a N N N N a N N m M . m C V n N 'PJ' d ~ H . N n M ? ° O C T ^ Q a a a a ,e a_ ° m N m a a ~ p Ifl{ n N N - n n m r ^ a o P n v N ^ o r r ~ e n ~ ~ P ° $ a n a e m n& r u a i P N n N O N N n ' N P I N n V ^ .N O N N P m n C] ^ a ° P ^ C m n a O N N a 6 a a N m N 2 n N n P N N N I a n N a a N ~ N : a ° N N ° NI M m N n ~ ° n m ^ T ~ ` N ~ ^ ~ V O nmp a~ N~ b n m N O n P n r a I p p p M ~ n °fl O O N P m ..a` ^ pN n M n C ^ ,O P P N N ^ ~ m l a a h n n r n = a P O ° n ~ S a N .0 P ~ N n a O p ^ a N M ~ n M O N 'O N P n a N N n ^ ° N ~ 'eli~ n a e .m ~ a ~ o ~ ° n n N r n m o ° ' e a m a m m rv N N y .I m ~ rv a ~ N ° n a ~ ° a ~ r n °n a N a ~ n ~ i J ~ V v p ~ N N e a m y~ r I M N y~ u2y ~y ry 8M1^ n N r r a n m P n r m P n a N O N T J. 1 ~jn N ~ U n N O N n ? ' M a M a N n N O ~ Y Z n n a m N n O P r = ~ 1~~ N ^ n N y ~ N n a N n T O m N m N .0 N y O yp O ` r V n n r ° n f N n M N a n n O S r a N 3 S r ~ C r M n = n P r I O r ~~g N w n ° ~ on ^ r a ° r n r n' n a -.Ni o° m r I & n m a $ n 1 P o a m n N v u ~tl b a = tV G ^ a ' N N c n n ~ e N p OI N ^ m N a r N ° a P ~ a b N V V n ry ~ ~ I N~ N M O N N ♦ O ^ a a ' M N A P N O N n ~ n O h n C < r P N ^ d n 1 I a~ m y rr N n ' N C L a o a O ^ J ~ ~ g y F ~ g ' a B T u p r ~ y P g ~ ~ t d P ~ $ fl k 5 ~ o~ ~ ~ 8 • s `r' ~ ~ 5 ~ 19 fi qqa vy v o i Y ~s c c< c~ a r z~ J~ ` ~ a ' Z of !m n n N M nm °o m a ^ a n N n e o o ,6 m o Y = o° m a o Q O N N N N /N N N ~ M M ° P ~ L~ P T S\ P . a Schedule I-10.0 Page 1 of 2 1 HNTON C -tNT'f ELUTF•IC MCfEFATM, N)'. v+4". 4Y OF FiiFi'1A:EO ffi'iER FR=M EF';11G ELFCTRIC F ZR Qd*-, FF.'ATI' E, INC. Fffl TWRVE 0,014TYS F1@V1!3 1ECFJ'i6cA, 31, :FANLIPRY FEF'F'L'A5f -----MARK AFRIL MAY •ANE ALY t'etered Demand 60,2;22 51 969 40,3&8 1,604 29,590 43,244 57,417 Billing Deaand &0,',,Y2 5119159 42,755 42,755 42,755 43,244 57,417 Energy Mh 21,0`-5,(NiO 18 997,900 1?,273,8(, 14,600 12,486,010 17,5,33,`00 24,rv24,!0(1 Metering NW5 11 11 it 11 11 11 It WTUAL BILL NG Facilities Pilling 5' AI 1,54:41,00 1,500.00 1,50.(Ni 1,&`0,00 I,65.00 1,650.00 Demand Billing 2'2,052.25 <°),7?O,i3 2 596.;:5 nf,596,25 253,5S+ .25 291,0^N. 00 '37,564.75 ' Energy Bailing 170,47''-.32 155, 617. N' 129,739.19 130, 479, 1R 122,&5.3,72 175,674,ry 236,21.27 Fuel Adiustment 557,69".CO 395,125.21 25n,7!5.R6 262,073.&3 (2`5,07.5,49 353,796,&b 473,101.41 Derarid f(A ?,494,42 13,511.94 12,3;2.;'-5 5, 70 14,954.25 15,1,.{.5.40 14, 354.25 Energy Po:A 5, 53.64 7.6'02,44 6,573,01 4,691.47 17,552.77 17,071.77 3,757.16 Total Billing I, 025, 551.54 5;45,347.42 &y:9,5.54.26 M, 411. E,3 700,5'3.A3 860,225,82 1,122,016.86 ANA6TFA BILLtf , Facilities Charge 15+).00 150,!) 150.00 150.110 150.00 150,00 150,90 Deaand Ct:Arge 6.75 .5.75 6.75 6,75 6.75 6,75 6.75 Energy Charge .o():'''233 .((95'233 .^(2:3233 .00;'-3733 .00'i2s? 000"I'M .005821&4 Feel Charge 02 )0 .0<ry:{5i+) .)M 44 .0196245 ,0204290 .4:«)7630 Q!'.~'t5I0 De'nand PCA Chars? .26 .26 .29 .14 .35 .35 Zi Energy FCA Charge 0?(1424)9 .M>)4107 06049`) 2:&,0 ;513 .ri01.059 ,4(x)9546 M 560 Facilities Billing 1,650.(41 1,650.00 1,650,(Y) I,6`A.00 1, 650. CO 1,6`'),00 1,650.00 Der,and Billing 446,566.(N) 350,7,?0.75 2*~?,5-?6.25 596./; 2'-3,106,25 d1 ,.{97.04 ?:37,564,75 Energy Billing 2Y'V °°9,40 IS4,622.07 130,441.64 131,1P&.24 1,1,653.72 175,674,99 225,`^9.27 Fuel Adiust,ne0 480,497,?2 21 2`0,756..6 262,473.63 255,076.49 s`3 796.66 478,101.41 Derand FCA 15, 660. a'2 194 12,5".'-'.?.95 5,905,10 14,96.4.2'5 15,135.44 14,354,25 Energy PCA 3,352.47 7,202.44 6,573.41 4,691.47 17,592.77 17,011,71 3,1`7.13 ' Total Adjusted Billing 1,1:~1,4/6.12 556,R;2.41 690,416.70 694,1':'8,35 7N,5 3.49 8 0,M.el 1, 122,016, F.6 i Schedule 1-10.0 Page 2 of 2 ' 13UN CO.INTY ELECTRIC ff,,. IEF 1 ATIWE f1+', 1 (?M;RY OF Fl -PPA.F0 F:4ER R Y 54A?ir3 EI-ECTPIC Ff,dFR Crn4'FF„TIVE, I NC. FOR T1,FM Mi !JT S ENDING [ECE*F R 3i, 19': ALIf.,W WTEMPER CCTOBER WIVEN, FER O CUPEP TOTAL Metered Dew rid 60,6,3 60,975 42,754 41,259 46,719 56'3,914 Filling Demand 60,633 60,975 45,731 45,731 e6, 779 600,976 Energy HIA 26,95L500 21,451,"0 14,54,3,510 14,662,604 17,5:3,564 21M:85,844 Petering Points ll 11 11 1I 11 132 ' Po,'RAI, BILLING Facilitie5 Billie? II6•`O.OO 1,6`0.00 11 W.00 1,6`4,0!) 1,650.[x1 18,6$9.41 DerAnd Billing 40.272.75 411,531.25 Xc ,",6S4.25 'x1:3,.6 4,'21 5 315,753.25 3,02,(x4125 1 Energy BiIIin, 264,752,67 2'.20, ?>,80 142,914.22 144,0:k5.94 172,1x3.34 2,105,5{k3,^,3 Fuel Adivstnert 6.27,4^).42 526,526.59 .3`~7,349.63 395,49'2.47 373,091.13 4,0353,913.05 Demand FCA 16,977,24 5-1,E`8.0) IL 431.75 11,422.15 O, ,503,73 217,704.43 Energy PCA 4,204,43 40,574.21 26,914,73 16,IZS.55 61,54J.26 212, Total EBillin? 1,324,2°8,01 1, 264,378,85 8`3,945,64 £77,8:4.^6 967,571.76 11,340,ir9.9 OW3TED BIl1.M Facilities Oharge 150,00 100.00 1.`0.0) 1`0.00 1`A 00 1`+). 0 Demand Charge 6.75 6.75 6.75 6,75 6.75 6,75 Envgf Charge 00982,3 019K33 .00KV0 00v3233 ON 't3 r)wO2'.,3 Fuel Charge .0232%0 .022450 .0252`.M .0270(W 42157(x) 021crri2'.? Demand F'CA Charge .2:3 125 .25 .82 .37 Energy PCA Charge 0041560 0017300 .00185~r) 00tIrm) )0! IW VX)98~31 ' Facilities Billing 1,6`x).00 1,6`0.00 1,6`01.00 1,6`d).00 IZO.00 15,81x),01) Uemand Billing 449,272,75 4!1,`31,25 303,6,^1,25 '10a 34.[5 315,758,15 4,0`5,` O.00 Energy Billing 264,752.67 230,3F3.c0 142,914,22 144,035.94 172,126,34 2,144,:,31,'7 ' F,fel Adivstaent 627,430,92 525,526.59 „~7,349,~) 315,.M.47 378,0.51.13 4,176,723,96 De!r30 FIN 16,577.24 51,6,5,3.00 11,432.75 11,4'2," w?, IN. 70 223,870.33 En?,gy PCA 4,204.43 0,574.21 26,914.73 16,1.3.95 61,525.26 215,693,69 To tai Adiusted Filling 1,324„ 3'.01 1,264,.311.83 853,945.63 877,824,36 967,571.76 11, 4. 4 1 1 1 1 1 1 1 t 1 I 1 1 i 1 1 DENTON COUNTY ELECTRIC Cu OPERATIVE, INC. Schedule J-1.0 BALANCE SHEET - DECEMBER 31, 1982 AND 1981 ' ASSETS (Note 2) _ December 31, ~ i 1 UTILITY PLANT: (Note 3) 1982 issi Electric Plant in Service - at cost (Note 1) $19,310,109 $17,202,782 Construction Work in Progress 361,444 313,321 Total Cost of Utility Plant $19, 671, 553 $171 51+i, 1'03 Less: :Accumulated Provision for Depreciati,)n (Note 1) 3,787,482 3,489,869 $25,884,071 $14,026,234 OTHER PROPERTY AND INVESTMENTS: Investments in Associated Organizations (Note 4) $ 2,087,552 $ 2,007,559 ' CURRENT ASSETS: Cash - General $ 670,543 $ 342,244 Temporary Cash Investmens 1,254,475 Accounts Receivable (Less provision for iincollecti'.:les ' of $90,944 in 1942 and $67,711 in 1981) (Note 5) 1,573,425 921,028 Materials and Supplies - Electric (vote 1) 213,355 212,462 Prepayments 5,520 28,622 C'.her Current Assets 7 , L54 12,659 Total Current Asests $ 2,469,997 $'1,490 DEFERRED CHARGES $ 49,467 29,093 $20,491,087 $18,834,376 LIABILITIES EQUITIES AND MARGINS: Memberships $ 134,945 $ 117,779 Patronage Capital (Notes 6 and 7) 3,890,581 3,724,443 Other Equities (Deficit) (Note 8) (154,347) $ 4,025,536 $ 2,587,8'75 LONG TERM DEBT: REA Mortgage Notes (Note 9) $10,922,840 $ 9,903,961 C F C Mortgage Notes (Note 10) 3,790,366 3,814,682 $14,713,206 $13,713,643 CURRENT LIABILITIES Accounts Payable $ 1,136,257 $ 944,201 Consumer Deposits 189,423 137,94`2, Other Current and Accru3d Liabilities - 373,536 301,351 Total Current Liabilities $ 1,704,216 $ 1,383,494 DEFERRED CREDITS $__48_,139 $ 43,364 $20,491,087 $18,834,376 ' The accompanying notes are an integral part of these financial statement.,;. MEER i r r . i r r S I Schedule K-1.0 DENTON COUNTY 1:LECTRIC COOPERATIVE, INC. STATEMENT OF INCOME AND PATRONAGE CAPITAL for the Years Ended December 31, 1982 and 1981 Year Ended December 31, 1982 1981 Increase ~mouri~ $ Amount $ ^ (Decrease) OPERATING REVENUES AND PA'T'RONAGE CAPITAL: Residential $12,645,291 84.3 $ 9,293,528 84.0 $3,346,763 Commercial & Industrial - Small 904,1189 6.1 685,992 6.2 218,297 Commercial 6 Industrial - Large 1,267,749 8.5 1,016,278 9.2 251,471 Other Electric Revenues 84,81'0 .5 71,975 .6 12,885 Total Operating Revenues and - Patronage Capital $14,902,189 100.0 $11,072,773 100.0 $3,829,416 OPERATING EXPENSES: - M Cost of Power $11,317,201 75.9 $ 7,951,973 71.8 $3,365,228 ® Distribution Expense - Operation 353,867 2.4 237,719 2.1 116,148 Distribution Expense - Aluintk3nrince 452,369 3.0 438,525 4.0 13,844 Consumer Accounts Expense 447,474 3.0 414,411 3.7 33,063 ' Customer Service and Informational Service 81,279 .5 49,542 .5 31,737 Sales Expense 383 (183) Administrative and General Expense 427,967 4.9 346,114 3.1 81,853 Depreciation Expense 60),337 4.0 534,657 4.8 65,680 Taxes 312,619 2.1 233,457 2.l 79,162 Interest - Long Terri Debt 819,556 5.5 674,673 6.1 144,883 Other Deductions 11,646 22,375 .2 (10,729) Totai Operating Expenses - and Interest $14,824,315 99.5 $10,903,629 98.4 $3,920,686 Net Operating Margins (Def- icit) $_i 77, 874_ .5 169,144 _ 1.6 $ (91, 2.70) NONOPERATING MARGINS: Interest Income $ 112,960 1.4 $ 143,511 1.3 $ 69,449 Other Nonoperating Income 95,178 .6 75,642 _ 07 16,536 Net Nonoperating Margin $308,138 138 2.0 $ 222,153 2.0 $ 85,985 CAPITAL CREDITS - Associated Organizations 3`28,401 .2 $ 89,316 .8 $ (60,915) NET MARGINS FOR PERIOD $ 414,413 2.7 $ 480,613 4.4 $ (66,200) PATRONAGE CAPITAL - BEGINNING OF YEAR ;1,724,443 3,243,830 Transfer Calendar Year 1980 Deficit to/from Other Equities (154,347) Patronage Capital Retired (93,928) PATRONAGE CAPITAL - END OF YEAR $3,890,581 $ 3, 7:4, 443 The accompanying notes are an integral part of these financial statements. 1 i i 1 1 1 Schedule L-1.0 DENTON COUNTY ELECTRIC COOPERATIVE, INC. STATEMENT OF CHANGES IN FINANCIAL POSITION for the Years Ended Decembe^ 31, 1982 and 1981 December 31, _ 1982 _ 1981 ]'WORKING CAPITAL 1111OVIDED FROM: Net Margins (Exhibit 13) $ 414,413 $ 480,613 Add: Expenses Not Requiring an Outlay of Working Capital - Depreciation. 658,107 593,879 Less: Associated Cooperatives' Capital Credits (Non-Cash) (28,401) _ (89,316) Working Capital Provided by Operations $1,044,119 $ 985, 176 Advances from REA 1,241,000 1,241,000 Advances from CFC 1,119,000 Increase in Memberships 17,166 14,649 Increase Deferred Credits 3,775 4,348 Total Working Capital Provided $2,306,060 $3,364,173 WORKING CAPITAL USED FOR: Extension and Replacement of Plant $2,480,032 $2,031,410 Payments on Long Term Debt 246,437 235,665 Increase Investments (Exclusive of Patronage Capital .allocations) 51,592 7U,338 Plant Removal Costs in Excess of Salvage 35,912 20,967 Increase Deferred Charges 20,374 15,858 Retirement of Capital Credits 93,928 Total Working Capital Used $2,928,275 $2,374,2 38' INCREASE (DECREASE) IN WORKING CAPITAL $ (622,215) $ 989,935 CHANGES IN WORKING CAPITAL CURRENT ASSETS - Increase (Decrease) Cash - General $ 328,299 $ (93,043) Temporary Cash Investments (1,254,475) 1,254,475 Accounts Receivable 652,397 106,232 Materials and Supplies Inventory 893 45,612 Prepayments (23,102) 363 Oher Current Assets (51505) 8,573 $ (301,493) $1,32c,212 CURRENT LIABILITIES - Increase (Decrease) Accounts Payable $ 1512,056 $ 236,521 Consumers' Deposits 51,481 45,927 Other Current and Accrued Liabilities 77,185 49,829 $3'20,722 $ 332,277 WORKING CAPITAL - Increase (Decrease) $ (622,215) $ 989,935 WORKING CAPITAL - BEGINNING OF PERIOD 1,387,996 398,061 WORKING CAPITAL - END OF PERIOD , $ 765,781 $1,387,8Q6 ' The accompanying notes are an integral p<<rt of these financial statements. Schedule L-1.1 DENTON COUNTY ELECTRIC COOPERATIVE, INC. NOTES TO FINANCIAL STATEMENTS 1. Summary of Significant Accounting Policies: System of Accounts The accounting records of the cooperative are maintained in accordance with the Uniform System of Accounts as prescribed by the Federal Energy Regula- tory Commission for Class A and 13 electric utilities modified for electric borrowers of the Rural Electrification Administration. Electric Plant, Maintenance and Depreciation Elect.ic plant is stated at the ori;inal .ost of construction which includes the cost of contracted services, direct labor, materials and overhead items. Contributions from others toward the construction of electric plant are credited to the applicable plant accounts. When property which represents a retirement unit is replaced or removed, the average cost of such property as determined from the continuing property records is credi!ed to electric plant and such cost, together with the cost of removal less salvage is charged to the accumulated provision for depreciation. Maintenance and repairs, '_neluding the renewal of ninor items of plant not comprising a retirement unit, are charged to the appropriate maintenance accounts, except that repairs of transportation and Service equipment are charged to clearing accounts and redistributed to operating expense and other accounts. Provision for depreciation of electric plant is computed using straight line rates as follows: Distribution Plant 3.358 Structures and Improvements 2,88% Office Furnituee and Fixtures 6.968 and 14.30% Transportation Equipment 25.00% Power Operated Equipment 25.008 Tools, Shop and Garage Equipment 10.008 Laboratory Equipment 12.00% Communication Equipment 12.00% Miscellaneous Equipment 25.00% Depreciation for the twelve months ended December 31, 1982 and 1981 was $658,107 and $593,879 respectively, of which $600,337 and S534,657 was charged to depreciation expense and $57,770 and +59,222 was allocated to other accounts. Inventories ' Materials and supplies inventories are valued at average unit cost. Schedule L-1.2 DENTON COUNTY ELECTRIC COOPERATIVE, INC. NOTES TO FINANCIAL STATEMENTS Electric Rwenues The cooperative's operating revenues are under the jurisdiction of the Texas Public Utility Commission. The cooperative records electric revenues as billed to consumers on a monthly basis. Revenue is not accrued for power delivered but not billed at the end of each month. The cooperative's tariffs for electric service inciude fuel adjustment clauses under which electric rates charged to customers are adjusted to reflect changes in the cost of fuel included In purchased power. Patronage Capital Certificates Patronage capital from associated organizations is recorded at the stated amount of the certificate. 2. Assets Pledged: All assets are pledged as security for the long term debt due REA and NR11CFC. 3. Electric Platt: The major classes of the electric plant as of December 31, 1982 and 1981 are listed, as follows: December 31, _ 1982 1981 Intangible Plant $ 2,526 $ 2,626 Distribution Plant 18,303,208 16,291,857 General Plant 1,004,275 90F,299 Electric Plant in Service $19,310,109 $17,202,782 Construction Work in Progress _ 361,444 313,321 $19,671,553 $17,516,103 4. Capital Term Certificates - National Rural Utilities Cooperative Finance Corpor- ation: Investments in Associated Organizations includes capital term certificates of the National Rural Utilities Cooperative Finance Corporation in the amount of $3,790,366 and $3,814,682 at December 31, 1982 and 1981 respectively. The cooperative has subscribed to purchase additional capital term certificates during the years 1983 and 1984, based upon revenue less cost of power. 5. Allowance for Uncollectible Accounts: The cooperative provides for uncollecible accounts receivable by additions to the allowance for uncollectible accounts and a charge to consumers' accounts expenso. The allowance appears adequate to cover probable losses at .June 30, ' 1983. Schedule L-1.3 DENTON COUNTY ELECTRIC COOPERATIVE, INC. NOTES TO FINANCIAL STATEMENTS 6. Inventories: Inventories consist of: December_ 31, 1982 1981 Construction Materials and supplies $213355 $ 212,462 7. Return of Capital: Under the provisions of the mortgage agreements, until the equities and margins equal or exceed forty percent of the total assets of the cooperative, the return to patrons of capital contributed by them is limited generally to twenty-five percent of the patronage capital or margins received by the cooperative in the prior calendar year. The equities and margins of the cooperative represent 19.63 of the total assets at the balance sheet date. The cooperative had capital credit retirements of $93,928 in the fiscal year ended December 31. 1982. There were no retirements in the preceding fiscal year. 8. Patronage Capital: December 31, _ 1982 1981 Assignable $ 414,467 $ 480,613 Assia ned 3,731,516 3,405,304 Sub-Total $4,145,983 $3,885,917 Less: Retired 255,402 161,474 Total $3,890,581 $3724,443 9. Other Equities: _ December 31. _ 1982 _ 1981 Nonoperating Margins $ 212,960 $ 143,511 Other Margins 95,178 78,642 $ 308,138 222,153 1 1 Schedule L-1.4 DENTON COUNTY ELECTRIC COOPERATIVE, INC. NOTES TO FINANCIAL STATEMENTS 10. REA Mortgage Notes: Mortgage notes due to REA are payable to the United States of America. The notes are for thirty-five year periods each, and principal and interest installments are due quarterly in equal amounts of approximately $170,500. It is estimated that installments of $682,000 payable within the next twelve months will include $212,000 in principal and deferred interest. 11. NRUCFC Mortgage Notes: 1lortgago notes due NL RUCFC are payable over a thirty-five year period at 7 to 12 11'1 percent interest. It is estimated that installments of $394,000 payable over the next twel,re months will include $24,000 principal payments. 12. Short Term Borrowing: The cooperative has a $1,000,000 line of credit for short term financing from National Rural Utilities Cooperative finance Corporation at an interest rate 1% above prime. 13. Litigation and Commitments: There is no pending or threatening litigation against the cooperative. As previously me.itioned in nc,te number 4, the cooperative is committed to purchase cap:tv.: term certificates from CFC during the years 1983 and 1984. ubscriptions are payable annually oil October 1. Subscriptions' 1.4. Pension ::an: Pension benefits for substantially a]! emp'oyces are provided through partic- ipation in a plan through the Texas Life Insurance Company. Pension plan costs were $63,300 in the fiscal year ended December 31, 1932 and $57,568 in the year ended December 31, 1981. The plan is approved by the Internal Revenue Service. 15. Unrecorded Revenue: The cooperative follows the policy of rendering bills for electric service on the last day of the month, based upon meter readings obtained during the first few days of the same month. This results in approximately 314 of one month unrecorded revenue at the end of each month. f r a s r r i t e i r Schedule M-1.0 Page 1 of 2 DE`TON COUNTY ELECTRIC COOPERATIVE, INC. DESCRIPTION OF SYSTEM Denton County Electric Cooperative, Inc. provides service to a majority of the rural area of Denton County, the southern edge of Cooke County, a smal' area in the soath~,~e>t corner of Grayson County, a larger area in the southwest portion of Collin County, a very, small area on the northern edge of Tarrant County, iid a small number of services in the southwest corner of Wise Courtt,v. Service in thirteen municipalities under franchised agree- ments include the ruaicipalities of Argyle, Little Elm Flower Mound, Frisco, Highland Village, La';ewood Village, North Lake, Crossroads, Copper Canyon, Bartonville, Double Oak, Eastvale, and Fairview. The Cooperative provides services to other incorporated municipalities also; however, a franchise is not held in then. areas. Under the present rules of the Texas Public Utility Commission, any Company holding a valid Certificate of Convenience and Necessity can serve within incorporated areas with or without a franchise provided the area has been certificated to the Company. The Commission has revised its rules to help reduce switchovers. This is not as big a concern at this tine as two to Lcree years ago. The service area is located in the eastern portion of north central Texas north of the :ort Worth-Dallas metroplex and includes most of Denton County and portions of Collin, Cooke, Grayson, Tarrant, and Wise Counties. The Cooperative headquarters is located in the northwest city limits of Denton. Denton is the location of where 135E and 135W come to- gether on the north with 135W going through Fort Worth and I35E going to Dallas and joining again south of the metroplex area near Hillsboro. To the north of Denton, 135 splits the service area in half with good access to the area £rorir the north-south direction. The main east-west artery through the system is US 380 going thror.gh Denton. The Cooperative's system is located in the Grand Prairie and East Cross Timber natural regions. The r,rand Prairie Region is located near the eastern edge of the North Central Plains extending south from the Red River in an irregular band through Cooke, Montague, Wise, Denton, Tarrant, Parker, Hood, Johnson, Bosque, Coryell, and some adjacent counties. It is a limestone based area, usually treeless except along the numerous streams, and is adapted primarily to livestock grazing and staple crop growing. It is sometimes called the "Fort Worth Prairie" and has an agricultural economy and largely rural population. The East Cross Timbers Region extends southward from the Red River through eastern Denton County and along the Dallas-Tarrant County boundary, continuing on south through Johnson and into Hill County. The soil in this region is adaptable to fruits and vegetables which reach con- siderable commercial production in some other areas, but not in the Coopera- tive's service area. Service to consumers in Denton County is shared by other Cooperatives and Electric ComJanics; however, Denton County Electric Cooperative, Inc. serves throughout the entire county of Denton which has an area of 911 square miles. The total system of the Cooperative consists of approximately 1150 square miles including the surrounding counties. Collin County represents the next largest area served followed by Cooke County with only a small amount of area served in Grayson, Tarrant, and Wise Counties. Location of consumers throughout the system is in proportion to the area with approximately 7791 Schedule M-1.0 Page 2 of 2 Description of System (Continued) i consumers located in Denton county, 530 consumers in Collin County, 332 consumers in Cooke County, 2-1 consuners in Grayson County, 10 consumers in J Tarrant County, and 106 consumers in ltiise County. Denton County has an altitude ranging from 500 to 900 feet Lbove sea level an,l is located in the sun belt region of Texas with the City of Denton located at latitude 33013' north and longitude 97081 ,,est. 1 i i a r i f Schedule N-1.0 QUALITY OF SERVICE Page 1 of 3 3Y5far l1 AI'- STATUS OF O M'A`IVITIES Date "n ntnce = :sa! systsr bat 9' Annual work 'L~sgineerL^.g_P?rn R oved P a ved 2- 83 i Date 2f Idst L0aQ alSd Yol_taRe Survey` 1-83 1 1-81 J STATISTICS ' lS22ea of D;atribution Luis.- 19z 29`$O l~ 1982 lii7es of ; ransnlsaion Line ' Plumber of Substations - " - 42 Sua of 5ub311tton Peak De.srds 1{~j lU lO 10 _ 10 ai Rveralr tit-•.er of Consue~:-S ( } _ _ i3754- 9 9199 53719 57006 47 Plan. In~r::-.eat j 88740 .9605 _ 10309 11751 702 (i x l00r)j _ 3'2553' 0 rations sxpenSe x 1000 f- XL15701 17516 M•ainten4nce tu,enae x 1000 4 j- 188 ~~b71 W- --5 - _ ? , 30 202 3 + - 1 2 + 438 452 _ 1 ROW CL_.ARDic -IJr+ita on SYste:e Units Recleared 312 314 317 318 Pe owth CyCIa _JYears~ 186 76 28 30 M _ 5- 5-6 POIF3 - NLmter on Systea ruaber Ins • xtteci ~'-43941 T 0 04592 46586 _ 48281 -1y'42i l; "ter Condemned "0 1171 +II~~---'- 8 3 NLLA Ler~Re22a~cd 3 750 0 0 ' 39 ~ OIL CIRCi1TT T£CLCSfr'tS NbeT on Syster• ; ~Fvsb`erlced 712`T 445 445 3 3 12 LD;S RS Serviced ?2 Nuebei Se rvi 6 76 76 7b + 8 0 METMS 2 --1 FLL;ber cn S steo_ Y ~ usher Servic_d ' 52 10316 10309 498 , 39 12751 12555 _ . PATROL An XAL4TENANC$ T - - 750 l Miles Distribution Patrolled 2~- _►iles Distribution ?'aintair,ed TIC 525 M12es Transaission +'acrolled 112 146 ~300 400 riles Tran"Isason Maintained 525 ~N.Liber o•: Sjbs•,a• _ions Serviced ' AYMACE HOURS OL7AGE FIR CONSI1paN iaor 5tcr:s '11 O6 .15 All C`tAer .43 .59 t .69 •63 .94 _ I~ Total - . 35 , E 3.72 1.3 9 1.92 2.58 4.6b 1.5 I - - 2.57 3. 2 9.OZ 111 ?SA,YACeai'S SIGNATLF / BATS 1 Schedule N-1,0 Page 2 of 3 Bulletin 161-5 pme 9 'M. lY'N~ l...r wr• V .f..+.l ..M 1.11xw r.L AVw..n WYIM N lit ~ ti~wf f7 LK MI N ~ 1- L>•DA-LL1 !.•w A..•ry 10.. 6'•4. D4.Ln•Tipr C M»tJM Texas 44 Denton REVIEW RA'nNG StA. MARY DLn .L[.+LLD 3-4.-B3 Rowe r L.r~ 1R ! M .....r 1. C+wr" Rr.r. Ln wYr R. r ..ya..L.wt wyrf u rW► W L ..W/rt !L LLq WOW,.&, RIAT L f'l1A1.7YWaco 1. Tflr.. r.r aAr►+N awwffi ! Z Tw-Nrw Lame . ftrw....+rP~ti►LTY•.'V...ra.,KwM... n/a rnsr. C.ir fv.er /.4w r«If..ML ,u.wr L ..Tts Cwat~ B a .ww.cf... ■wwr rrr L► R r.•wennL C..f. _ +o.. nwim I U r a L.Re.►. w . . . w Rsw . . r J Q P*" R. MLTR,IIVTa~r 1&&A.Ir.4 r IL D.rsr ♦ Lr'.cr. Orna Cw. Cr•ww Q°~ l • 1't/a DW.i~ [1r,~rT+r+.:Y Arllyf • • ~ • a'~~1 M f-....L.. Canb.l f/1-t71... , .wrial C.VrW worn.,. f+ur . . L Lean awNL . L lwetw Av.. fall ~ 11►JI a b..vr .wa t.~ M►f. t..rv... JJ [ D..s..~ y. l.fi•.n r-~ 1r . w.n,w, rr rw+.n.c. rw►sr. IM ►w.l ~ f o..a,ll p a VM4/' cwt 0.1+.e+,/LlTJ 3 a L..•..~..v , M'.q CrNr Cs~.w P.ry F7 . , L C~ I - w'1 La.L.a. l b $Jf . A'Vew.w...... . . L !L. 06n Cw+..w..a 3 a 0....w. ANeY rw..41M 1r..n r!. Cn.. ronr - Ld.t Lw s'L D... rwwt, ir.r.. 3 or.. E, w - nRT III orrlu T.pr AJO M~ nEwL„c/ f>L.[..[o l Pi..,/ Tf..YL,r 1-- ' wer. Mw+v ,.r Le.•..r.y L LM. Fr Lww Cw•.r....r , P.3 I ......r..w 3 L./tl r r+.. r..+wr ~ fl t•..L~ w./ L..e ti.+. •.r •...o,,... 3._ L C.r,.rflr, T.....,... L...i................... 3 rM r+ria . ILw r......1 N ,q.l- ) aw"O .,..rLyy.. r. ,.r "A y OM• 7.n..oe~ ry l /wro. b'MnL"' I .h ,IT+I .4w.•. +,rnwr [•..f tw•.r 4.....er • ~A Dr Sa) a L...rn.. ..r rrw M[rr0.1 I?+[. YArp• L... r U.I[1 .[L noli.. k•,[L'9 i~ tOTK Yr114 L Co C. ..e.e ,rcsvr.w •t 3 H ~ a •17 4 7 . •r.. t, o .~6 Q .12 1.0 2 . 3 a oa..... . T. .43 .01 2.1+2.5 3 L....~f>' . s sLRT H. [~DIruR,L,a 9 5 . L1, N.n L r... rws`. w M~.a+a r..,. • l.lar 1-~►•~..r Jw.t..i.n a....r D....,. N .vR [ L../ ow 3 I/lit T.L, 1. n/ ' • V rrt.r f..+ry. 0.lYrr /f l 3 VIL &A" w.r Jd T.LL..y L Pr l M Cwvr. wT Lw..a V r+r w.. Y , • • 4r/. A w ~ /..e•Irr Inw...py 3 (rr[.e. IILII 1» 7 1.1 .w 1M 3 1. Illrne..r Y ti,-~T,Y•rq w L it .T~'d,r V j.e+w mss. 3 3 MA Vpf f[1 he Ltr 1. Sc'.ledule 4-1.0 Page 3 of 3 Bulletin 161-5 Page 10 PART Y OIt RA"Ow A.1,0 Y1AIrT[LA1Cj tAMFM rr * we b 1 TTra 1 Tl~.t 1 Ts. ~ ~"ti^ •~nrl 1 T1wa ! T' L~ 237719 35386.7 416529 20559 47769 21586 x8135 22666 517453 23799 438525 452369 530302 33545 70074 35222 1282 36983 658791 38833 W O+Y is G ':iy ys r ,Y.4 n,~ µ ~ ~ ar it it ~ ,a..: L ~y~?./ T.Rd 676244 8062? 94683 54104 017844 56808 0941 59619 1176 44 626 1 `+a.l wr. Gn D►w aYK+nr a lvM s Cs... /A.re,vl 1. FM.ra ~►.M.o rr 4s.1 ►on . . 17. Oo,~MM fwN M p.nr~ K.w V V• I w..y. [RI1.AllAT0A7 MOTiJ tttu wp, Go+wwn 1 l ' , -3- 1 a ..~t..t~ ~ as I [A pled ff. Da 1 1 e Section 0 r DENTON COUNTY ELECTRIC COOPERATIVE, INC. NON-UTILITY SERVICES r Not Applicable. r r r r r r f 1 f 1 1 1 1 1 1 ' Schedule P-1.0 Page 1 of 6 r 1ENTM - LASE I: GR{'ilTTf RATE 11. Ml, EQUITY (,F,f41Ti1 2.(KA, 20-YR ROTATION PLWMNO WIRIZON S-LIDY 12/31/82 12/31!83 12/31/84 12/31/65 DEBT 14,713,65 15,750,616 16,P,6,870 18,067,002 EsA11TY 4,032,173 4,£41,116 5,776,263 61 856,4: r TOTAL CAPITALIZATION 18,745,378 20,591,732 22,643,133 24,923,440 MEW - X 78.490 76.490 74.490 72.490 EGIJITY - X 21.510 23.510 25.510 27.510 ' TOTAL - X 100.000 10.7.000 100.000 100.000 EQUITY C,RrVM 808,943 935,147 1,080,175 ' CAPITAL CREDITS 200,000 200,000 200,000 INTEREST 844, ,t1 M,145 972,9E 1,069,262 TOTAL IR£TilM 909,076 1,897,088 2,103,132 2,349,437 r RATE BASE (105.4904 (F NET Fl-ANT) 16,75,5,1% 18,599,278 20,645,199 22,916,171 RATE OF RETURN - X 5.425 10.200 10.211 10,252 r RETURN 909,076 1,891,felq 2,108,132 2,349,437 - INTEREST 844,181 Eti'S3,145 972,985 1,069,262 ' CFfR.11AROIRC 64,69; 1,008,943 1,15,147 1,280,175 TIER 1.077 2.136 2.167 2.197 AVERA5E DDT OUST _ 1 5.660 5.872 5.999 6.148 AYMAOE RETURN LW EQUITY - X 4.570 24.230 22.511 21.067 r OF'ERATINO YAh'GINS 64,695 1,fK)8,943 1,135,147 1,280,175 + FAIN OPER.WG1NS 336,539 220,000 220.000 220,000 ' NET KAXINS 401,234 1,228,943 1,35,4,147 1,500,175 TIER.m/N.CP.MRGIN 1.475 2.;114 2.393 2.403 ' FQTY.r/N.OP.tIAROIN 21.510 24.319 26.930 29.,W r r ' r r ' Schedule F-1.0 Page 2 of 6 1 ' 6ENTON - CASE 1; MWTH RATE 11,00%, HWY CWH 2.00%, 20-YR ROTATION PRO FMI A FALA`KE SHEET FOF1i,32~p 11/31/82 12/31183 12/31/54 12/31/A5 TOTAL UTILITY RANT 19,671,553 21,937,534 24,572,670 27,453,045 AMJK.FMM -rkK!EC.b Af"T -3,787,482 -4,3%45 -5,001,907 -5,734,497 NET UTILITY PLMT 15,584,011 17,631,319 19,570,764 21,723,543 NET CMRAL FUNM 670,543 750,892 842,310 9433007 rO.L FUNDS EXC. ITEM.^i 639,880 6.53,6:14 679,175 701,002 OTHER WITS & CREDITS 3,296,593 3,296,593 3,296,593 3,296,593 TOTAL A,c*~FTS & OTHER DEBITS 20,491,087 22,337,491 24,'0,842 26,669,149 TOTAL MRGINS & EWITIES 4,032,173 4,841,116 5,776:263 6,1156,433 LONG TEF31 DEbT-RD 21 2,626,631 2,482,672 2,V5,834 2,192,971 LONG TERM IERT-R£A 51 8,296,103 9,125,347 10,003,423 10,937,660 LONG TERM IERT-OTHER 3,790,366 4,142,596 41527,612 4,9363371 07.TR LIAR. & M ITS 1,745,709 1,745,709 1,745,709 1,745,709 R' ' LIAR. & CPO CFrEDITS 20,491,037 22,337,441 24,3;3,842 26,669,149 GEH.L MV3, AS X OF TOTAL FtNf'i 3.409 3.415 3.428 3.453 ' DENTO'i -CASE 1: CRLVH RATE 11.007, EQUITY G5" 2.00%, 20-YR ROTATION STATEMENT OF (MATIOn FORM325C 12/31/82 12131/83 11/31/84 12/31/85 CP£R. RE'IMAT. CAPi TAI. MT CF POVER CF. REV. LESS PI,R. CWTS 0 & M EXPENSE CL+NB. Axi , & SALES EXP. A & G 1 OTHER EXF£NFF, GEPREC.& A"T.EXP.f 3.36AX 660,964 738,783 825,642 922,590 TAX EXP0111.F INTEREST EXFfNS 844,381 888,145 972,94 1,069,262 TOM. CO6T UL 17.RVICE PAT.CAP.& 0PFR,h)RGINS NCA-OP. MARGIN ' G & T CAP. CRl3' i5 TOTAL AMA- .'fIM NS 64,695 1,003,943 1,135,147 1,280,175 CA%i EUCW- C£1:T SERVICE 1,570,040 1,6.15,871 2,933,773 3,272,073 ' DEBT PAYM-0 6 1,057,564 1,101,251 1,225,872 1,324,239 CASH AFTER DEBT SERVICE 512,476 1,534,620 1,707,901 1,947,789 mp~ Schedule I-I.O Page 3 of 6 DENTCN - CASE I. 6P.14TH RATE 11.00%, EQUITY CA." 2.00%, 2{-YR KTATION ' C,Eh'E k FINDS W` ARY FCW4250 12131182 121311£1 12131/P4 12/31/85 NET C£N.l FUNEG-FEGIN.1'R. 670,543 75013792 842,310 CASH AFTER DEBT SERVICE 11534,6211 1,707,901 1,947,789 OTHER PROCEEDS SALE CC EXCLUEE, ITEMS ' OTHER C£ll L FUNDS: TOTAL M.L FUICS AVAIL. 2,205,16,1 2,45,°„ 193 2,790,099 FtRX OF EXCI.. I TEn 18,758 20,537 21,W7 ' CAP.CREDIT RETIREMENTS 200,000 200.000 200 000 PLANT INVESTMENT 1,235,513 1,395,946 1,620,266 OTHER V3E OF GEN. L FLUBS3 1 TOTAL PROP.LCZ OF Ca,L FUMS 1,454,271 1,616,483 1,£,42,092 NET GEN.L FUNDS-END OF YEAR 670,543 750,892 842,310 943,007 I4:NTCN - CASE 1. MYTH RATE 11.CRX, EQUITY CROWTH 2.00X, 20-YR ROTATION DETERMINATION OF PLANT INVESTI M & LOAN FUND REC IREWNTS FEtFdt325, 12/31182 12/31/83 12/31/84 12/31185 TOTAL PLANT I£GIN.YEAR 19,671,553 21,981,534 24,572,670 DISTR.-NEW CCNSTRIPC. ' SYSTEM IMPRtIVE. MIN. Rf_PLK131ENT TRAtMISSI(N GENERATION FEAYWARTERS AM11SITICPIS CCUAL PLANT ' TOTAL AMI ovREFtACE. 2,496,031 2,765,037 3,075,374 RETIREMENTS 170,000 180,000 1901000 TOTAL PLANT END OF YEAR 19,671,,W 21,987,584 24,572,670 27,458,045 ADDITICNS & REPLACEfMM 2,y48~6,031 2,765,037 3,075,374 C£N.L FUNDS INVESTED 1,L IS13 1,395,946 1,620,266 LOAN FUNDS REQUIRED 11250,517 1.369,141 1,445,109 AVAILABLE FROM PEA 875,362 958,399 1,018,576 AVAILABLE FROGS OTYU 375,155 410,742 436,533 X Avail.fron REA -,000 70.D00 70.040 70.000 wow Schedule P-1.0 Page 4 of 6 MITON - MSE I: (0-xiTH RATE 11.00%, Er ATY G,i"4TH 2.00%, 20-YR R)TATION IETERMINATION CC PFBT k [FBT SUVICE - PEA 21: FCCK,4'SQ 12131/8? 12/31/83 12/31/84 12/3118,5 TOT.PAYTIENTS ICE BCdI.YEAR 206, 6h2 196,491 196,491 + ACiD.FRI!{.YA'fi`ENTS + 1NT.PAY1`FNTS 01 AINANCES ' - TOT.PAY.,NOTES PD.IN FILL 10,171 61911 TOT.FAYNU'TS ICE END YEAR 206,662 196,491 196,491 199,590 - CLFRETIT INTEREST FOR YEAR 52,533 49,653 46,717 A71C6T,CF CUTSTftkT.DEBT 143,959 146,M 142,864 CUJTSTANIM DEBT EMYEAP. 2,626,631 2,492,672 2,K5,834 + LCAN FUPJ ADVAIM - DEBT PAYtF_NTS 143,959 146,E A 142,864 - RDY.FAITIENTS ON REA DPI' CUTSTANDING [EBT END YEAR 2,626,631 2,4102,672 2,;<<5,834 2,152,971 DENTON - WE 1: CFMTH RATE 11.00%, E~VITY C,RC4TTH 2.00%, 20-Y4 PATATIM [ETETJIINATI(N IF DEBT k DEBT SERVICE - REA 51 ' PoFJt,';M 12/31/82 12/31 /F,+ 12/31 /CA 12/31 /£5 TOT.PAMENTS WE M.YEAR 461,033 5041801 5341510 + ADD.FRIN.FAYIcNTS 319789 + 1NT.PAYCITS IN AINWES 21,K4 23,960 25,464 - TOT.PAY.,N?TFS PDAN FURL TCT.PAYPWS RE END YEAR 461,033 482,917 W, 551 609,975 - UlFv T INTEREST FCR YEAR 436,694 480,227 525,636 AMCRT.Cf CUISTAAD.DEBT 46,22'1 80,323 84,339 (WISTWING DEFT PGMEAR 8,296,208 9,125,347 10,003,42? + LOAN FWD ADMUS 875,362 958,399 1,018,576 - DEBT PAYY,ENTS 46,223 80,323 84,3339 - AU PAY'11ENT8 ON REA DEBT CUTSTANI)ING [EBT END YEAR 8,296,208 9,125,347 10,003,423 10, 937, 660 t Schedule P-1.0 Page 5 of 6 [JUTM - CA`:t 1: CKOWT11 FATE 11.00X, EQUITY GF- all 2.(,)Z, 20-YR ROTATION [CTE6 ilhATIfel OF [ERT & I£BT %AVICE - OTTER Ftk,W01 12/31/82 12131/83 12/31184 12/31185 1972 FAL.FIRST YR 71/9~,714♦ 709,602 698,782 72 mDO + INTEREST `4,:0'00 49,672 18,915 35 - PAYMENTS 60,492 60,492 60,492 60,492 7.000 PFL.END YEAR 719,714 709,602 693,782 687,205 1975 PAL.FIRST YR 412,410 409.094 405,471 430000 + INTEREST 39,148 37,841 37,506 ' 35 - PAYrofiS 41,464 41,454 41,464 41,464 9.250 L,+l.. all YEAR 412.410 409,094 405,471 401,513 ' 1976 PAL.FIRST YR 417,695 416,328 415,&58 429000 + INTEREST 49,079 48,977 48,£-63 35 - PAYToNFS 40,403 49,947 49,947 49,947 i§F9.001++11.75 PAL.ENI) YEAR 417,695 416,828 415,85~4 414,775 ' 1973 PAL.FIFST YR 196,179 194,909 193,531 200000 + INTEREST 16,675 16,567 22,740 35 - PAYMENTS 17,945 17,945 17.945 23,142 +F+8.50/F+t 1.75 PAL.END YEAR 196,179 194,904 193,531 193,130 t 1979 PAL.FIRST YR 927,983 923,377 9181340 9:x'.000 + INTEREST £b, 839 85,412 84,946 35 - PAYMENTS 90,450 90,350 90,450 90,450 91250 SAL. END YEAR 427,90 923,377 4181340 912,837 1981 SAL.FIRST YR MM, w 1,114,021 1,111,372 1119000 + INTEREST 136,757 136,468 136,143 35 - PAY*3(TS 139,116 139.116 139,116 139,116 12.250 PAL. END YM hfI6,380 1,114,021 1 111,372 19108,400 ' 124183 EAL.FIFST YR 375,155 374,76.6 373,941 375155 + INTEREST 22,040 44,0:+4 43,939 35 - FAMIENTS 22,430 44,860 44,86-0 11.750 PAL.EN1 YEAR 374,766 373,941 373,019 123184 PAL.FIRST YR 410,742 410,316 410742 + INTEREST 24,131 48,22 ' 35 - PAYMENTS 24, 553 49,115 11.74 BAL. END TEAR 410,316 409,413 ' 123185 PAL.FIRST YR 436,533 4365 + INTEREST 25,646 35 - PAYMENTS 26,100 11.7100 PAL. FJO YEAR 436,079 TOTAL DEBT EEGI .YElLR 4,165,521 4,553,3;9 4,964,145 1 + INTEF,fST 3981918 443,104 496.910 1 - IGT PA'/M2(TS 339,369 421,843 465,830 524,634 TOTAL MT END OF YEAR 3,790,366 4,142,596 4,5?7,612 4,936,371 ' Schedule P-1.0 Page 6 of 6 1 [fNTON - CA`f p ORNTH PATE EnJITY iF.WTN 2.001, 20-YR R{JTATION [EPT & [EDT SERVICE ct ORY FC,&J 12/31/82 12/31/83 12131184 12/31/85 ' DEBT FEGIN.YEAR ( 21 ) 2,626,631 2,482,672 2,335,8N INTEhfST PAYMENTS 521533 49,6537 46,717 DEBT PAMNTS 206,662 196,491 196,491 159,530 CUT END OF YEAR( 21 ) 2,626,631 2,482,671 2,3:8,834 2,192,971 DOT BEOIN.YEAR ( 51 ) 5,296.208 9,125,347 10,003,423 INTEREST PAYtWS 436,694 420,227 525, M [CPT PAMNTS 461,0;x? 41{1,917 50,5.51 609,975 DEPT ENEr CF YEAR( 51 ) 8,296,20`~? 9,125,347 10,003,423 10,937,660 [EAT BESK YEAR-OTHER) 4,165,521 4,553,339 4,964,145 INTEREST PAY00 3931918 443,104 496,910 ' DEBT PWO(TS 319,569 421,843 46.4,Ft3<i 524,634 r-M END OF YMR-OT)5R 3,790,366 4,141,596 4,527,612 4,936,371 TOTAL DEBT EEGIN.YEAR 15,(x;3,360 16,161,:159 17,303,402 + INTEREST PMENTS 844 I'M CM, 145 972,9:.5 1,069,262 ' - CUT PAYMENTS 1,057,564 1,101,251 1,7[5,871 113241239 TOTAL MDT LN9 OF YEAR 14,713,205 15,750,616 16,866,870 18,067,00? ' Schedule P-2.0 ' WON - CAS£ 2.* GR,xNTH PATE 11,001, TIED 2.51, 20-18 F.?1TATIC;4 R_AkNIW, HCR)lCAI STUD? 12/31/82 12/31/83 12/31/84 12/31/85 !r-BT 14,713,205 15,443,316 16,275,464 17,217,278 ErAJ1 TY 4,032,173 51 14.3,195 6, UA, 313 7, 688, 278 TOTAL CAPITALIZATION 18,745,378 20,59 1,511 72, 24,905,5.56 ' DEBT - 1 78.490 74.993 71.902 69.130 EQUITY - Y 21.510 25.002 28.098 30.870 ' TOTAL - 1 100.000 100.000 100.000 100.000 EQUITY Cs,'VM 111161022 1,212,118 1,327,965 CAPITAL MEDITS 2001000 200,000 200,000 INTEREST 844,381 877,348 941,412 1,018,644 TOTAL SRETLR,UI 909,076 2,193,370 2,353 S30 2,546,609 ' PATE WE 1105.4901 (F NET FtANT) 1617.611 D6 18,599,278 20.f.45,199 22,916,171 PATE CF RETW4 - 1 5.425 11.793 11.400 11.113 ' RETJN 9,19,076 2,192.370 2,3.9 S ' 2,545,EA9 - INTEREST 844,331 8779343 941.1'2 1.018,644 (M.H E,INS 64,695 1,316,(,22 1,412,1?? 1,527,965 TIER 1.017 2.5)0 2.500 ' AVEFAC£ (£BT C115T - 1 5.650 5.849 5.962 6.105 AVEPAC£ RERFA C71 EQUITY - 1 4.570 29.622 25.315 22.327 ' (1PEPATING PAINS 0,695 1,316,072 1,412.118 1,527,S55 * IM OPER.MARGINS 336,5:+7 220,000 229,000 w) WT ?W01N4 401,"'34 1,5.'6,022 1.632,118 13747,9Si T1EJt.v/N.(P.K4RGIN ' ;75 2.751 2.734 2.716 EQTY.m/N.(P. WIN 21.510 25.794 29.469 32.94 1 Schedule P-3.0 t I£N76 U'ViTY ELECTRIC Cu?r1f'EPATRIE, IMO. ROTATION FfRCf MC£ FOR FI.A.'NPri WRI IN Patronage Capital tal 3, 890,5el Rotation Cycle in Years 20 Rotation Percentage .0500tH ' Aaount to Re Retire,l 194.529 Total Equity Account (a) 44,32,173 Amount to be Retired as % of Total Equity .043244 tat Reference Palance Sheet as of Ncember 31, 1 1 I 1 1 1 1 1 1 t r i 1 I 1 i f 1 Schedule Q-1.0 I£NTCN MNTY ELECTRIC WSPATIVE, IX. T1i MLY C N.VERS BY PAM C;C".1ES Jw'✓<4"+cY F BR IARY Y: RM _ APRIL MY - CUE - C4iY Residential 11,454 11,E-02 11,709 11,433 111720 11,806 HIM Cmercial 526 555 560 561 554 570 575 Industrial 94 97 101 91 91 90 90 Security Lights 2,574 2,620 2,755 2,"3 2,788 2,809 21818 Total 14,648 ;4,874 15, 125 14413 15,155 15,275 15,368 _ AIRST SEPTO]M - OCTOBER ^ WAUSM _ DECUM _ TOTAL Residential HIM 12,035 12,194 12,292 12,354 142,511 Comercial 596 594 598 605 662 6,959 Industrial 94 95 97 97 96 1,133 Security Lights 2,825 1,842 2,P-63 21£-69 21M ;1.3,424 Totai 15,501 15,617 15,752 15,863 15,995 184,036 1 Schedule 2.0 LEM[N COUNTY FJCTRIC CaffPATIT, 1W. Wt[R1'.Y K94 BY RATE FTAiLLES I4+fIJARY FEMARY _ PV40 IPRIL PAY - IM &LY Residential 15,099,240 14659,770 12,141,677 9,836,322 9,752,539 10,813,845 16,273,944 towrcial 662,496 873,533 566,605 506,516 726,861 771,967 733,018 Industrial 1,441,272 1,254,629 1,285,727 1,313,376 1,436,670 1,179,220 1,M,199 Securitr Li4Ats 191,170 E44,290 204,404 206,010 206,710 248,180 208,810 Total 17,394,078 17,282,222 14,193,409 11,662,224 12,122,780 12,973,212 193050,971 AU ST WTEYc'fR _ OCTOD R N7VFJ1i1ER _IfCDM TOTAL Residential 19,860,182 21,136,594 14,315,603 9,656,162 12,409,159 166,253,037 Co merciai 1,1660M 1,147,075 921,513 653,458 751,594 9,481,399 Industrial 1,539,699 2,04 1,985 1,678,237 1,319,722 1,382,54"3 17,703,441 Security Lights 210,200 211,390 213,670 214,420 216,720 2,485,M Total 72,777,044 24,537,044 17,129,023 11,643,762 14,759,978 195,930,747 1 t 1 Schedule Q-3,0 IEVTEH CO(wry ELECTRIC CcufRATIVf, PC. MkMV WE MUM BY RATE SDU4JRES JWMY FEE£UfJ'iY hya APRIL MY JUNE JILY Residential 300,047 377,623 331,871 273,695 356,543 341,071 460,154 Cowrcial 29,122 37,000 25,683 27,27, 32,276 34,209 32,171 Industrial 32,472 32,106 33,183 31,604 35,474 33,26) 34,057 Security Lights 10,471 103657 11,206 11,338 11,333 11,422 11,467 Total 453,012 457,306 401,940 34 1, 109 435,636 419,961 537,849 A+MT SEPTEJM _ OCTOE4:~R femsm DECKER TOTAL Residential 549,243 597,352 416,080 2o0,441 332,254 4,6R6,;30 Coaeercial 47,80.3 47,146 38,621 29,631 33,712 414,945 Industrial 35,062 40,274 40,519 30,954 34,456 413,231 Security Lights 11,512 11,5E,' 11,6 9 11,720 111820 136,211 Total 643,620 686,353 506,409 352,746 412,242 5,650,777 1 i i t e Schedule Q-1.0 DEMON MW Y ELECTRIC CNy-NT14E, INC. lfCd PLY FUI f3I- V„E BY Rfl)E MEDI.LES .1f~7!"fN fEE wRY TYRLN FPRIL KAY tuc- It1Y Resideoti>! 606,919 454,592 ! 0.,336 ?15,833 190,170 243,803 342,391 Comercial 26,632 28,608 7,932 11,022 14,292 181023 15,489 Industrial 57,939 41,089 17,639 23,597 28,015 26,357 35,621 Security Lights 7,641 6,363 2,8-62 4,483 41031 4,601 4,406 Deferred Fuel 0 0 0 0 1) 0 0 Total 6990171 .`60,652 194,769 259,935 236,503 292,784 400,919 ALIGMT SEPTLTM OCTOF£R NO ula OECM R TOTAL S Residential 446,278 435,990 406,217 Y 125,045 200,614 4,114,194 Commercial 26.416 26,685 27,107 23,041 11,237 2'36,484 Industrial 34,662 46,849 47,244 43,944 23,292 434,254 Security Lights 4,730 4,862 61024 7,168 3,632 60,855 Deferred Fuel 0 0 70,97. (3,288) (643704) 2,983 Total 512,086 5641386 `57,579 395,910 174,071 4,843,770 Schedule Q-S.0 reiTRi WNTY ELECTRIC MFERATI4E, M. WWRLY PCA Ff14UE BY RATE WEMLES JWJARY FEW.VRY WIN ARIL MAY ILWE JLLY Residential 18,157 190,737 392,540 231,351 282,733 284,470 246,542 Coaaercial 797 11,138 18,318 11,913 20,809 20,059 91399 Industrial 1,7:x2 15,997 41,553 30,891 41,987 31,131 28,047 '.ecuritr Lights 230 2,477 6,608 4,845 6,093 5,496 2,316 Total 20,916 220,349 459,034 279,000 351,627 341,156 286,304 a AUGUST SEPTEIW OCTOBER I'MMU OECEt-U _ TOTAL. Residential 3?712'.' 3711829 432,034 2£5,116 5,'30,136 3,641,612 Comercial 21,951 20,461 29,739 20,030 33,034 217,645 Industrial 29,072 36,155 50,171 38,962 58,092 403,806 Sccuritr Lights 3,941 3,752 6,410 6,35.5 9,172 57,700 Total 427,211 435,267 518,404 351,063 630,434 4,320,765 Schedule Q-6.0 [ENTON Cr(NTY ELECTRIC COCr'fRATNE, IBC. `YtiT}lY TOTAL MIPA E BY RA7 C*FL(LEt; .IAYWY FEF IARY WC1( APRIL MA'f' _ME IMY Residential 1,905,123 1.052,952 690,747 720,880 &9,451 869,344 1,049,093 Cowrcial 56,851 76,74 51,933 50,206 67,377 72,291 57,059 Industrial 91,744 89,192 92,395 911292 105,476 90,753 100,731 SecuritY Lights 18,362 19.497 20,676 20,666 21,467 21,519 19,189 Deferred Fuel 0 0 0 0 0 0 0 Total 1,172,099 1,M,337 1,955,751 &93,044 1,023,77! 1,053,997 1,225,072 ALWST S£PTEW CCTOI4=R hC14> MPa DiECE193ER TOTAL Residential 1,367,760 1,448,241 1,254,381 891,202 1,064 004 12,442,186 41 Coenercial 96,170 94,292 95,467 72,702 77,983 869,077 Industrial 98,796 123,278 137,934 113,860 115,840 1,251,291 Security Lights 20,183 20,195 14,135 25,243 24,624 254,776 T"rerred Fuel 0 0 70,975 (3,283) (64,704) 2,983 10►al 1,532,917 13686,006 1,532,892 1,099019 1,216,747 14,820,312 Schedule Q-7.0 AFNTON C.0-1i7Y FI E(TRic CO(+FfFATIV., INr. 51.M. qY (f NINTHLY tt:gfE R IKDd 3TRIAL CUSS J, NCMY FEBFUA.RY M)~H AFFIL MAY I(INF ~k1Y Metered 1:41 4,471.5^ 4,953,78 54205.14 6,287.67 5,234.40 4,£94.03 5,012.50 Pilling W 5,259.09 5,613.24 5,878.60 6,955.24 4,566.94 5,410. 70 5,903.43 Kph 1,309,727 1, 264,715 1,7,0,365 1,324,345 1,44`,768 1,219,077 1,846,709 NXiUST E-UTEMPER CfTOEER t?7a I g DUIEMBER TOTAL - Metered 4:N 5,674.34 5,841,22 5„834.00 S. 839.1° 5,421.27 64,671.51 Pilling kk 6,281..`4 6,425.2& 6, M.04 1.,673.02 1,410.62 74,2 .75 1'mh 1,`:4,048 2,05.3,059 1,6:7,913 1132, CG,!j 1,371,733 11,701,5•97 r t t r i, f i t r t t i t Schedule R-1.0 11MC J COI1!JTY FLFCTRIC MTRATIVE, I NC. SWARY CF LUGS STATISTICS FOR TI.ELtE WHS EM)IhN3 12/31/82 ACTUAL TEST YEAR RENME AVEW - -CD41MIRS KWH Iqu _ ADJ M FRSE FUEL FCA TOTAL Residential 11,851 W.,255,037 166,255,037 4,&-46,380 4,114,194 3,&.41,612 12,442,1e6 Cenmercial 614 9,48099 10,578,275 414,945 236,434 217,643 869,077 Industrial &4 17,708,441 16,611,565 413,231 424,254 403,806 1,251,291 Lighting 2,785 2,485,870 2,4 ,870 136,221 &4, M5 57,700 254,776 Deferred Fuel 0 0 0 0 2,M 0 2,9x3 Total 15,340 195,930,747 l9`.;,930,747 5,6503777 4,848,770 4,320,76E 14,820,313 Other Revenue 0 0 0 81,877 0 0 81,877 Total System 15,340 195,930,747 195,930,747 5,732,654 4, MO, 7-10 41320,766 14,902 190 FAME ANUSTYMS GUSTED TEST YEAR REVERE WE - FUEL PCA RASE FUEL FICA _ TOTAL Residential 0 (60,954) 173,084 4,&56,380 4,053,240 3,814,696 12,554.316 Commercial 18,604 21,411 25,069 433,549 257,895 242,717 934,161 Industrial (18,604) (29,270) (22,&56) 394,627 404,834 331,150 1,180,761 Lighting 0 1251) (662) 136,221 60,604 57,033 641863 referred Fuel 0 (2,983) 0 0 0 0 0 Total 0 (72,047) 174.M 5,650,777 4,776,723 4,495,141 14,923,101 Other Revenue 0 0 0 81,877 0 0 ' 81,877 Total System 0 (72,047) 174,8 5,732 654 4,776,723 4,495,601 15,004,978 1 Schedule R-1.1 r(WCdl allJTY ELECTRIC CkXFWTM, INC. SM.WY OF PROPCGa IWIREASE AD&I$TED TEST IM MME AYERAGE Mat1ERS - AOJ PH - EASE - FUEL FCA TOTAL Residential J1,E$1 166,255,037 bf$61,10 4,053,240 3,814,696 12,554,316 Cowercial 614 10,578,275 433,549 257,395 242,717 934,161 Industrial 60 16,611,565 394,627 404,984 3811150 1,180,761 Liehtinv 2,785 2,495,870 136,221 60,604 57,033 253, W Deferred Fuel 0 0 0 0 0 0 Total 15,340 195,930,747 5,650,777 4,776,723 4,495,601 14,923,101 Other Revenue 0 0 01,877 0 0 81,877 Total System 15,340 195,930,747 5,732,654 4,776,723 4,495,601 15,004,978 PROFANED REVERIE F TfT BASE FUEL PCA TOTAL INCRfA5£ INCREASE Residential 13,659,056 0 0 13,659,056 1,104,740 8.90 Connercial 1,016,234 0 0 1,016,234 82,073 8.79 Industrial 1,230,947 0 0 1,230,947 50,186 4.25 Lighting 275,297 0 0 275,297 21,434 8.44 Deferred Fuel 0 0 0 0 0 .00 Total 16,181,534 0 0 1611811534 1,258,433 8.43 Other Revenue 81,877 0 0 81,877 0 .00 Total System 16,263,411 0 16,263,411 1,258,433 8.39 Schedule R-2.0 I£NTLLI Cri_NTY ELECTRIC D.Xfr RAT14E, VP. PRf OF FSEt,1ES TOTAL REII'E471AL CL,:`f RfIFL 10.1SIRItL LIM7Itx BILL 143 Lt11 TS: Cnstog.ers iS3,515 142.571 7,302 7L1 32,853 DiLier Cad 0 0 34,812 176 Winter God 0 0 34,284 395 Total NJ 0 0 691096 571 Poles 0 0 0 11641 1st 30 k'A. 4,277,1DO 4,277,1'-0 0 0 0 NTXT 970 k6h 2,299,710 0 0 0 2,299,710 Scxur kWh 164,572,473 141,912,120 6,0:0,573 16,611,5115 28,160 Neatin3 kWh 24,781,483 20,065,726 4,557,697 0 1581000 Total kWh 195,930,746 164, 10,573,275 16,6111565 2,435,870 LVIT RATES: Custoaer Chi 9.16 10. t3 25.00 8.10 Pole Chi .00 .00 .00 1.00 Sumer rod Chi .CO .00 8.00 9.55 Winter God Chi .00 .00 6.00 14.85 Seaver K) Chi .077275 ,090712 .04M.6 .00000 N?atin3 k'A Ch3 1069115 .085712 .00clow .000000 P£4EN.FS: Pass 16,181,534 13,65910`4 1,0161234 1,230,947 275,297 Fuel 0 0 0 0 0 Sales Rev 1611Ei,534 13,659,056 1,016,2,'.4 1,230,947 275,297 Other Pev 81,877 63,602 13,207 4,184 fi.34 Total Rev 16,263,411 13,722,6`3 1,029,441 1,235,131 276,181 Schedule R-3.0 DENTON COUNTY ELECTRIC COOPERATIVE, INC. FUEL AND POWER COST RECOVERY The fuel and power cost for the upcoming billing period is estimated along with the kWh sales for the same period. An adjustment is made for any over- or under-recovery in the previous billing period and an applica- ble pass-through factor derived. Although at tames regression analysis may be required, generally the power cost will be available by phone from the power supplier, and the Wh sales for the billing period are known through an initial meter card run, thus the estimates will be very close to actual usage. Billing and adjust- ments will keep this from being totally correct, however. r Schedule R-4.0 y DENTON COUN'CY ELECTRIC COOFER.ITIVE, INC. MISCELIANEOUS CHARGES Denton County is not proposing to change the miscellaneous service fees. Schedule R-5.0 DENT()N COUNTY ELECTRIC COOPERATIVE, INC. KEY OPERATING STATISTICS A. Reference Cost of S^rvice Study B. Not Available C. System Peak Demand ' Month Peak of Peak kW 1973 August 30,125 197: July 37,075 1975 August 34,441 1976 August 37,196 1977 January 38,629 1978 July 43,754 1979 July 41,999 1980 July 53,719 1981 August 57,006 1982 September 60,975 i l r Schedule R-6.0 DENTON COUNTY cLECTRIC COOPERATIVE, INC. i ADJUSTMENTS TO KEY OPERATING STATISTICS Denton County is not proposing any adjustments to Key Operating Statistics. l 1 1 J t 1 t 1 1 ' Schedule R-7.0 DENTON COUNTY ELECTRIC COOPERATIVE, INC LOAD RESEARCH PR0GR.kk1 Denton County is participating with Group 3 in the Loaf Research Study a0ministered by Texas Electric Cooperatives, Inc. Data for the Residcatial and All-Electric classes were utilized in this study. 1 r 1 1 1 1 1 t t r a r Schedule S-1.0 DENTON COUNTY ELECTRIC COOPERATIVE, INC. GROWTH IN NET PLANT (a) (b) Net Flant £s of Growth 1. December 31, 1977 $ 9,415,775 2. December 31, 1978 10,110,717 7.38% 3. December 31, 1979 11,030,892 9.10% 4. December 31, 1980 12,567,736 13.93% 5. December 31, 1981 14,026,234 11.61% 6. December 31, 1982 15,884,071 13.25% 7. Compound Growth December 31, 1977 to December 31, 1992 11.05% Schedule S-2.0 DENTON COUNTY ELECTRIC COOPFRATIVE, iNC. SYSTEM CAPITALIZATION 12-31-79 12-31-80 12-31-81 12-31-82 1. Debt $ 9,495,892 $11,594,308 $13,718,643 $14,713,206 2. Equity 3,350,276 3,199,260 3,694,522 4,032,173 3. Total $12,846,168 $14,793,568 $17413,165 $18,745,379 r $ Capitalization 4. Debt 73.92% 78.37% 78.78% 78.49% 5. Equity 26.08% 21.63% 21.22$ 21.51% 6. Total 100.00% 100.00% 100.00` 100.00% r r r r r Schedule S-3.0 ' DENTON COUNTY ELECTRIC COOPERATIVE, INC. SCHEDULE OF PATRONAGE CAPITAL Assigned Operating G T and and Other Nonoperating Capital Year As_s12nr;ble _A1arQins _ Credits Retired Balsnca 19,13 $ $ 5,531 $ $ 5,531 $ 1944 19,692 19,692 1945 11,595 11,595 1946 18,977 18,977 1947 20,443 20,443 ' 1948 25,897 25,807 1950 14,564 14,564 1951 44,867 44,867 1952 43,703 43,703 1953 50,2'23 50,223 1954 49,103 49,103 1955 57,485 57,485 1956 54,306 54,306 1957 39,247 39,247 1958 40,517 40,517 1959 37,044 37,044 1960 60,941 60,941 1961 54,528 17,604 7'2,132 1962 53,577 29,474 83,051 1963 61,094 35,538 96,632 1964 55,599 54,447 110,046 1965 43,163 40,98'2 84,145 1966 12,189 42,562 54,751 1967 53,011 38,222 91,233 1968 88,280 40,838 129,118 1969 101,923 41,718 143,641 1970 129,037 75,945 204,982 1971 103,467 95,775 199,242 1972 191,992 79,177 271,169 1973 127,987 69,357 197,344 1974 115,010 1L5,010 1575 106,937 106,937 1976 21,272 25,27'2 1977 323,851 71,211 395,062 1978 147,380 222,083 369,463 1979 61,979 61,579 1981 236,949 89,313 326,262 1982 414,413 414,413 Prior Years ' Under kssigned _ 54 54 $414,467 $2,625,291 $1,106,225 $255,402 $3,890,581 1 Schedule S-5.0 DENTON COUNTY ELECTRIC COOPERATIVE, INC. REA AND NRUCFC MORTGAGE NOTES December 31, 1982 REA Mortgage Notes Date of Interest Principal Deferred Unadvaneed Principal Net _Note _ Rate _ Amount Interest Funds Payments Obli ation Notes Paid in Full $ 1,006,127 $ $ $1,006,127 $ -0- 6-3-47 2% 39,873 167 37,337 2,703 12-29-48 2% 200,000 415 191,767 8,649 11-15-50 2% 160,000 1,080 142,159 13,921. 1-30-53 2% 230,000 2,787 182,746 50,041 3-11-54 2% 112,000 1,620 82,439 31,181 4-10-56 2% 394,000 7,965 262,504 139,461 12-3-58 28 150,000 4,743 84,390 70,353 7-21-59 2% 150,000 4,472 82,302 72,170 6-20-61 2% 225,000 112,505 112,495 11-21-62 2$ 219,000 100,761 118,239 1-27-65 2$ 565,367 220,919 344,448 1-27-65 2% 224,633 77,535 147,098 5-2-68 2% 635,000 187,831 4,17,169 5-13-70 2$ 600,000 144,251 455,749 1-20-71 2% 240,000 52,871 187,129 ' 2-15-72 2% 261,000 50,587 210,413 2-15-72 2% 261,000 50,587 210,413 8-14-73 5$ 4`5,500 44,473 411,027 8-14-73 5% 455,500 44,473 411,027 4-29-74 5% 311,500 26,309 285,192 4-29-74 5% 311,500 26,308 285,192 4-22-75 5% 501,500 34,077 467,423 4-22-75 5% 501,500 34,077 467,423 7-27-76 5% 501,000 24,327 476,673 7-27-76 5% 501,000 24,327 476,673 11-28-78 5$ 234,000 3,848 230,152 11-28-78 5% 234,000 3,848 230,152 10-30-79 5% 1,040,000 3,363 1,036,637 10-30-79 5% 1,0400000 3,363 1,036,637 6-30-81 5% 2,482,000 _ 2,482,000 Total REA $14,242,000 023,250 $ -0- $3,342,410 $10,922,840 NRUCFC Mortgage Note 2-15-72 7'% $ 131,000 $ $ $ 13,599 $ 117,401 8-14-73 7% 390,000 33,970 356,030 4-29-74 7$ 267,000 20,717 246,283 4-22-75 9 1/4% 430,000 17,590 412,410 7-27-76 9% 429,000 11,305 417,695 11-28-78 8 112% 200,000 3,821 196,179 10-30-79 9 114% 938,000 10,012 927,988 6-30-81 12 1/4$ 1,119,000 2,620 1,116,380 ' Total NRUCFC $ 3,904,000 $~-0- $v -0- $ 113,634 $_3,790,366 Total RLA and NRUCFC $18,146,000 $23,250 -0- $3,456,044 $14,713,206 Schedule S-6.0 DENTON COUNTY ELECTRIC COOPERATIVE, INC. EMBEDDED INTEREST COST Amount $ of Interest Embedded OutstandiaK Total Debt Rate_ Interest 1. R EA 2.00% $ 2,626,632 17.85% 2.001 .361 2. R EA 5.001 8,296,208 56.39% 5.001 2.821 3. CF C 7.001 719,714 4.991 7.00% .341 4. C FC 8.501 196,179 1.33% 8.501 .111 5. CF C 9.001 417,695 2.841 9.001 .261 6. CF C 9.251 1,340,398 9.111 9.251 .841 7. CF C 12.251 1,116,380 7.59% 12.25% .931 $14,713,206 100.00% 5.661 1 1 1 Schedule S-7.0 b ~ U ~ ~ v o M 00 t- L] v N N .r .-t 0 U c N ti C7 C) tD CL V tr N ,Nj M C D O V C1 O tM U-i bt C C n vv Nr. UI) t- 0 0 a ^ O .-t rA M M LC CJ O N tM N V* d 0) N N 07 C) M U v i to v M O V~ O O 00 00 1.0 M U y' W > C C F •2 2 M N U') M tr CD N 00 O LM M Co 4= v C.) m C O v G C O M M tl' <f 0 tD O tai E d' UO fl d U < A F tD U C7 W x v W U „y v r N N W E 0 }t U E+ ~ z Oa ti M o to n ^ rt ^ G ITN N CO O O 1] o O M N a) V G `.y t N M M .-I tM M -6, n O O tM M z O F w M CD A v N v r to L. 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N S W n r r n r r r a N N v m 0' V 0 0 0 0^ O^ W N n v M n v n a r r r r r r N N r (r r r r v rrrrrr r 0 rrrrrr r « 6C' H 0 r rrrrr r 0. 0 IL M W K W N 0 Y 0 ~j N >r< H ` m@mOMnm <M NOr00 Yr AMNOm^ p urnvmv« a r^mhNMv m r A r o Y m a n W@ M N Y F r Mm n N r P 0 0 1" r m N M m N tl 10 JOf W NMM n M r r ,C4, Q M NrN rv in OMN rrr NM m n Pr rNrr V W N ~vNNmIn N N@v@rrN F1'1 M1'f i'I V V Y YN V NNNr a COMM @Omrm 6 0000000 wm0Mw0rm }}..Vol 88 •"PmA WN mmOmrPmm v@@rMmw ~Mt~ @nmmm N i P W W w w w w 0 w r- r r r r r z W 0 a 0 0 0 0 JrWOOl OW 0 0 0 0 rno o o o o 0 o O O 0000 CCLL W w W 0 P W a W N w W m P P 00 U1 N tl n M N O A W N m N@ 0 m 0 W = N 0 I MwMNONN Cr @tYrvNNr NHNN V Off 2108!Ovem -NNo'►r 0mm J W WOMMO V cc N M I N M v v N m r N r m O r rW CO r' Zr w0NNr0 r >mPWP00^ >MVNNNNN rrrrr w. 0 wmmtl ZPmmPm w a n r r r m p rrrrr ZZ rrr Orrrrr•-r PO x j Z O w ~I J r I 1 ~I W W I I a I I I I • I- M 1 V N M O M M ^ I v r P M .D M^ Q I M v@ P N P P t v v r 10p ^ N 1 m N M V N N A I 9000000 IA _J a m@Nm@ONm vNmMmir rnrrv W O ONNO ow Nti v v v In01 m^NNMv n O r. N M v o mm ~@ go m wN rZ N ^ @ N W m r N N J 17 m W P m P m 0 M M N v n CI N r M r r r r r M P O m 0 0 r N C r r~ rrrr r r rr r m aI r 0. O 0 G 0 a0@nm PO^ aNIIIr O . aN@rmWO^ <NmrtlPo^ 4NmrmPO^ a0mrm m Or > rtrnrrrmm Qrrrrntlm . Qnnrrrmm Qrrrnrmm Qrrrrrmm anrrrntlm t ' Schedule S-8.0 _ Page 7 of 7 ' n F r l { m a ^ In r, co hn f' O n t O N O^ Y7 N N N N m N n c7 N N m in n N 0♦ N m 0 w or ^ r r ^ r W N N to 44 1 z C3 44 N N Y r v N N N ' Y Y r v94 N N N N N N N N N N N N N 0.O. r r r Y w Me -T v-0 V•^' O w f ^ r r r u ^rnnrIn n rrmnm r 1 nmwmr,N m anaW Nrrnco o nPSmm~ N m F N^ It n n N a O N N J W N r n N N^ n n N O m m N v n n n ai rr N mgo aPWm rmmNn Paooooo ^ r r r C a W YI J a n in n r r r W ^nn'n' rr ^nrNmrm m^nNno mnmwnm o r Y r ^ a am wWwww' WWPmmm PwwPmP mwON WWO wPPPPa ' Z Z r r r a rr r r rY rrrr r a ' • in n a m n n m^r r t, n o O OnOnmr ^mo w a wm g N mWam ~Qo m0 •mn nwPaam mmmrm• n S W ' N^^^ a N N V n w a r m m m m 0 /Y n m- n n i r ^ ' mr a eo Om 0 r r r r w O W wa 0000N, COj •wmNnN 1IPPNwN r co Nwrmn6! mO n N m t n nm m^rn^N 0r^0 O ccto*W •r n am nnnNnN nnnnnn nnronnn nnnnnn nnnnnn =2 000000 000000 000000 000000 000000 0 N r r r r r Y^ r Y Y r r r r Z r r r Y Y Y ^ QYf n^ r 4 mr to 0' 1'lm nrn r Nn ^n w n m N onm O V O♦ n N N V n^ ip Y N O m n r m r, m w rr..Nr nnnnNN mm t)mCo to t, to to nIn w i rrrrYr nOwOQlm w ^ ^ N H F ' W M J n 1A ormnNr rarrer mannorl r J Q 0. 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In OP 30,0008t W W an to mn W a Z W N2 ,000000 (7000000 0000000 000 9000000 O O P 00 awP x01 W a cooa x 00 A 000 H P ' ~wP w W WP wWWWW m U X LA JmN^mFm ♦ J V m Co co n n JmaNm0N J^mmmam J^OP0va a n 7N Qn w^om m M 40^00110 <mN f to v w d.f m:n mQ n i0 f N 7 m r fad} • a O W ~~^0 O 1'fnNNNN {~mmmmn FrONn mOmama w O i 1 ~ 1 1 Q i 1 1 1 1 wW 1 1 I 1 h7 a m- r0,r = r mmm +rnP 1 rvOram < - 1 5 Q o n n S N n .r Y P m N n P m n r ^ O m m 0 1 M 0^ n m r 1 n n Co a n r m to r r m m 1' 1 m 0 ^ r n ' n> n n n W r m t o n N r m m r n M n O r m N r r m C) CK m N N r rrr O r 0 r r^ nnnmP W" n O m H M 0 O 0 ^ amn.eWO^ ano^ to > oCnnrnno : aQCh~nnOm Krrhhe00m' M4cP"99COD arrnrmm anr-m 1 1 i 1 r r t r 1 Section T BOLI\GER, SUGARS, GIL13ERT MOSS C [ R 1 1 / 1 [ D P U B L I C ACCOUNTANTS ARCA. COD[ 900 • 741 2006 1677 form STRECT C ~111JOCK, TEX.1s 70401 Board of Directors Denton County Electric Cooperative, Inc. Denton, Texas 70201 r Vic have made an examination of certain data included in the schedules of the rate filing package of Denton County Electric Cooperative, Inc. for the year ended December 31, 1982, submitted pursuant to Section 052.01 of the Rules of Practice and Procedures of the Public Utility Commission of Texas. Our examination, which, in our opinion, was adequate to enable us to express the opinion required by these rules and regulations, included such tests of the accounting records and such other auditing procedures as we considered necessary in the circumstances. Our exa ration extended to the book amounts and accounting adjustments appl We to the test year ended I December 31, 1982, in the schedules listed below. We have made no examination of the rate-making adjustments in any of the schedules included in the rate filing. ' The following schedules were examined, with the limitations specified below, in the manner described in the preceding paragraph: ' Section A Schedule A-1.0 - Pro Forma Income Statement Our work consisted of a comparison of the amounts listed in column ' (a), Test Year December 31, L982, to the general ledger for the test year. We also examined the amounts listed in column (b), Adjustment, Section B Schedule 3-1.0 - Rate Base and Rate of Return Our examination was limited to a comparison of the amounts listed under column (a) to the balances to the general ledger and/or to other schedules in the rate filing package. Section C Schedule C-1.0 - Original Cost of Plant Schedule C-2.0 - Electric Plant Accounts showing Additions and Retire- ments. Schedule C-3.0 - Book Balance of P13nt by Month Our work on Schedule C-1.0 and C-2.0 consisted of a comparison of the amounts shown on these schedules with the general ledger. Our ' examination oc Schedule C-3.0 consisted of a comparison of the monthly arnounts with the amounts shown on the general ledger. Denton County Electric Cooperative, Inc. Page 2 1 Schedule U-4.0 - Construction 'York in Progress Schedule C-5.0 - Overhead Construction Costs Section D Schedule D-1.0 - Accumulated Provision for Depreciation and Amortiza- hSchedule i?-1.1 -Analysis of Changes -Accumulated Provision for De- preciation and Amortization Schedule D-2.0 - Accumulated Provision for Depreciation and Amortiza- tion - Monthly Balances Our examination of Schedules D-1.0 and D-1.1 consisted of a comparison of the information shown therein with the general ledger. Our examination of Schedule D-2.0 consisted of a comparison of the monthly amounts with the balances shown in the general ledger. Schedule D-3.0 - Depreciation and Retirement Methods and Procedures Section G Schedule G-1.0 - Cash Working Capital Schedule G-1.1 - Average Balance -:Materials and Supplies, and Pre- payments Schedule 0-1.2 - Working Capital, Monthly Book Balances Schedule G-1.3 - Materials & Supplies and Prepayments Expensed Our examination of these schedules consisted of a comparison of the respective monthly balances with the balance shown in the gen- eral ledger. Section I Schedule I-1.0 - Operations and Maintenance Expenses ' Our work on this schedule consisted of a comparison of the monthly balances with the balances shown in the general ledger. Schedule I-4.1 - Summary of Advertising Expense ' Schedule I-4.2 - Contributions and Donations Schedule I-4.3 - Expenditures for Influencing Legislation Schedule 1-5.0 - Depreciation Expense Schedule 1-8.0 - Other Taxes ' Schedule 1-8.1 - Taxes Schedule 1-9.0 - Labor Charged to Operating Expense Our examination of these schedules was limited to a comparison of the balances reflected with the balances shown in the general led- ger. Section J Schedule J-1.0 - Balance Sheet - December 31, 1982 and 1981 Section K ' Schedule K-1.0 - Statement of Income and Patronage Capital - Years Ended December 31, 1932 and 1981 1 Denion County Electric r:ooperative, Inc. 1 Page 3 1 Section I, Schedule L-1.0 - Statement of Changes in Financial Position - Years Ended December 31, 1982 and 1931. Schedule L-l.I - Notes to Financial Statements Section S Schedule 5-1.0 - Growth in Net Plant Schedule 5-2.0 - System Capitalization Schedule S-3.0 - Patronage Capital Schedule 5-5.0 - REA and NRUCFC Mortgage Notes Schedule S-6.0 - Embedded Interest Cost Schedule 5-7.0 - Operating Ratios our examination of these schedules was limited to the comparison of the various balances reflected on the schedules with the gen- eral ledger and/or a comparison of the information reflected with the appropriate source of information contained in the coopera- tive's accounting records. In our opinion, with the limitations in the scope of our examination of cer- tain of the schedules as explained in the previous paragraphs, these por- tions of such schedules listed above which represent book amounts applicable to the test period, present fairly in all material respects the financial information required to be set forth therein by the Rules of Practice and ' Procedures of the Public Utility Commission of Texas. We do not express an opinion concerning the schedules included in the rate filing but not listed in the preceding; paragraphs, nor do we express an opinion concerning any information in any of the schedules relating to adjustments for rate making ' purposes or the pro-forma amounts resulting therefrom. Certified Public Accountants r O 1 1 A 1 1 r v t Schedule U-1.0 RESIDENTIAL -5UMMER ' EXISTING RATE SCHEDULE First 30 kWh/Month e $ .000000/kWh Over 30 kWh/Month e $ .023700/kWh Minimum=$ 7. 00, Includes 30.00 kWh Customer Charge $ 7.00 RESIDENTIAL -SUMMER PROPOSED RATE SCHEDULE First 30 kt4h/Month C $ .000000/kWh Over 30 kWh/Month e $ .077275/kWh flinimum=s 9. 16, Includes 30.00 kWh Customer Charge $ 9.16 COMPARISON OF RATE SCHEDULES kWh EXISTING PROPOSED INCREASE USAGE $ $ $ 7 30 8.42 9.16 0.74 8.79 100 13.39 14.57 1,18 8.81 250 24.04 26.16 2.12 6.82 500 41.80 45.48 3.68 8.80 750 59.55 64.80 5.25 8.82 1000 77.31 84.12 6.81 8.81 ' 2500 183.85 200.03 16.18 8.80 5000 361.41 393.22 31.81 8.80 ' 7500 538.97 586.40 A7.43 8. BO 10000 716.53 779.59 63.06 8.80 Fuel/PCA .0473240 $/kWh 1 SO hedllIe U-1.1 RESIDENTIAL -WINTER EXIST1140 RATE SCHEDULE First 30 kWh/Month 0 $ .000000/kWh ' .ext 670 kWh/tlonth C $ .023700/kWh Next 2800 klJh/llonth e $ .016200/kWh Over 3500 kWh/Month 0 $ .023700/kWh ' Minimum=$ 7.00, Includes CD.00 kWh Customer Charge $ 7.00 t RESIDENTIAL -WINTER PROPOSED RATE SCHEDULE First 00 kWh/Month @ $ .000000/kWh Next 670 kldh/tlonth @ $ .077275/kWh Next 2800 kWh/tlonth @ $ .069115/kWh Over 3500 kWh/tlonth 0 $ .077275/kWh Minimum=$ 9. 16, Includes 30.00 kWh ' Customer Charge $ 9.16 r COMPARISON OF RATE SCHEDULES kWh EXISTING PROPOSED INCREASE t USAGE $ $ $ % 30 8.42 9. It, 0.74 8.79 100 13.39 14. 57 1. 18 8. 81 250 24.04 26.16 2.12 B.82 500 41.80 45.48 3.68 8.80 ' 750 59.18 64.39 5.21 B.80 1000 75.06 81.67 6.61 8,81 ' 2500 170.35 185.34 14.99 8.80 5000 340.41 370.37 29.96 8.80 7500 517.97 563.56 45.59 8.80 10000 695.53 756.74 61.21 8.80 Fuel/PCA .0473240 $/kWh 1 1 Schedule U-2.0 t COMMERCIAL -SUMMER EXISTING RATE SCHEDULE First******** kWh/Month @ $ .035840/kWh ' Minimum=$ 10.00, Includes .00 kWh Customer Charge $ 10.00 ' COMMERCIAL -SUMMER PROPOSED RATE SCHEDULE First******** kWh/Month e $ .090712/kWh Minimum=$ 10.88. Includes .00 kWh Customer Charge $ 10.88 COMPARISON OF RATE SCHEDULES k44h EXISTING PROPOSED INCREASE USAGE $ $ $ L 30 12.50 13.60 1. 10 8. 80 100 18.31 19.95 1.64 8.96 250 30.79 33.56 2.77 9.00 500 51.58 56.24 4.66 9.03 750 72.37 78.91 6.54 9.04 1000 93.16 101.59 8.43 9.05 2500 217.91 237.66 19.75 9.06 5000 425.82 464.44 38.62 9.07 7500 633.73 691.22 57. ? 9 9.07 10000 841.64 918.00 76.36 9.07 Fuel/PCA .0473240 $/kWh Schedule U-2,1 COMMERCIAL -WINTER EXISTING RATE SCHEDULE ' First**-4* *4* kWh/Month C $ .035840/kWh ' Minimum=$ 10.68. Includes .00 kWh Customer Charge $ 10.00 COMMERCIAL --WINTER PROPOSED RATE SCHEDULE First******** kWh/Month 0 $ .085712/kWh Minimum=$ 10.881 Includes .00 kWh Customer Charge $ 10.88 ' COMPARISON OF RATE SCHEDULES kWh EXISTING PROPOSED INCREASE USAGE $ $ $ % 30 12.50 13.45 0.95 7.60 100 18. 31 19. 45 1. 14 6.23 250 30.79 32.31 1.52 4.94 500 51. 58 53.74 2.16 4.19 ' 750 72.37 75.16 2.79 3.86 1000 93.16 96.59 3.43 3.68 ' 2500 217.91 225.16 7.25 3.33 5000 425.82 439.44 13.62 3.20 t 7500 633.73 653.72 19.99 3,15 ' 10000 841.64 868.00 26.36 3.13 Fuel/PCA .0473240 $/kWh t ' Schedule U-3.0 INDUSTRIAL 0 75 KW -SUMMER EXISTING RATE SCHEDULE First****O*** kWh/ilonth Q $ .009320/kWh Ilinimum=$ 25.00, Includes .00 kWh Demand Charge $ 225.00 Customer Charge $ 25,00 ' INDUSTRIAL 0 75 KW -SUMMER PROPOSED RATE SCHEDULE First******** kWh/Month e $ .043770/kWh Ilinimum=$ 25.00, Includes .00 kWh Demand Charge $ 600.00 Customer Charge $ 25.00 COMPARISON OF RATE SCHEDULES kWh EXISTING PROPOSED INCREASE USAGE $ $ $ % ' 1000 3C6.44 668.77 362.33 118.24 2500 391.11 734.42 343.31 87.78 5000 532.22 843.85 311.63 58. 55 7500 673.33 953.27 279.94 41.58 10000 814.44 1062.70 248.26 30.48 15000 1096. 66 1281. 55 184. 89 16. 86 20000 1378.88 1500.40 121.52 8.81 30000 1943.32 1938. 10 -5.22 -0.27 40000 2507.76 2375.80 -131.96 -5.26 50000 3072.20 2813.50 -250.70 -8.42 Fuel/PCA 0473240 $/kWh 1 Schodule U-3.1 1 INDUSTRIAL @ 75 kW -WINTER ' EXISTING RATE SCHEDULE First******** kWh/Month @ $ .009120/kWh 1 Minimum=$ 25.00, Includes .00 kWh Demand Charge $ 225.00 Customer Charge $ 29.00 INDUSTRIAL @ 75 kW -WINTER ' PROPOSED RATE SCHEDULE First******** kWh/Month @ $ .043770/kWh Minimum=$ 25.00, Includes .00 kWh Demand Charge $ 450.00 Customer Charge $ 25.00 i COMPARISON OF RATE SCHEDULES kWh EXISTING PROPOSED INCREASE USAGE $ $ $ % 1000 306.44 518.77 212.33 69.29 2500 391.11 584.42 193.31 49.43 5000 532.22 693.85 161.63 30.37 7500 673.33 803.27 129.94 19.30 10000 814.44 912.70 98.26 12.06 i 15000 1096.66 1131.55 34.69 3.18 ' 20000 1378.88 1350. 40 -28.48 -2.07 30000 1943.32 1788. 10 -155.22 -7.99 40000 2507.76 2225.80 --281.96 -11.24 50000 3072.20 2663.50 -408.70 -13.30 ' Fuel/PCA .0473240 $/kWh tl n Schedule V-4.0 0 o p r f a x C4 w U w9 k , d - - - - azo L) o r i= w z0 94 o a fx Z E. m w a' 14i 0 r r 1p`' r~~ ( ♦ fry o Ni tlISOO S/V~`' rfy N CC-214-~ASlcMcNT, i ~'L)(1 Mptln staSlonjp( .CQ.. Dallas THE STATE OF TEXAS 2120PAGF728 9 ~ KNOW ALL LIEN BY THESE PRESENTS: COUNTY OF Denton MW RE D9 THAT VISTA MORTGAGE & REALTY, INC. of County, Texas in consideration of the suns of One dollar ($1.00) and no cents - - - - - - - - - and other good and valuable consideration in hand paid by the City of Denton, Texas receipt of which is hereby acknowledged, do by these presents grant, bargain, sell and convey unto to the City of Denton, Texas , the free and unintempted use, liberty and privilege of the passage in, along, upon and across the following descril ^d property, owned by it . Situated in County, Texas, in the T. Peacock Survey, Abstract No. 1589 All that certain lot, tract or parcel of land lying and being situated in the City and County of Denton, State of Texas, and being part of the T. Peacock survey, Abst. No. 1589, and being part of Lot No. 4, Block D , of the Montecito Del Sur Addition, an addition to the City/County of Denton, and also being part of a tract of land as conveyed from Montecito Del Sur, Inc. to Justice Mortgage Investors by deed dated 7-7-76 and recorded in VOILme 798, Page 798 of the Deed Records of Denton County, Texas, and more particularly described as follows: Beginning at the northwest corner of said lot 4, Block D, said point lying in the south- east right-of-way line of Granada Trail; Thence south 530 40' east along the northeast boundary line of said lot 4, a distance of 35 feet to a point for a corner; Thence south 360 20' west a distance of 16 feet to a point for a corner; Thence north 530 40' west an approximate distance of 35 feet to a point for a corner in the northwest boundary line of said lot 4, same being the southeast right-of-way line of Granada Trail; Thence northeasterly along the northwest boundary line of said lot 4, same being the southeast right-of-way line of Granada Trail, an approximate distance of 16 feet to the place of beginning and containing 0,0128 acres of land more or less. And it is further agreed that the said City of Denton, Texas in consideration of the benefits above set out, will remove from the property above described, such fences, buildings and other obstructions as may now be round upon said property. Forthepurpose of construction, installing, repairing and perpetually maintaining public utilities in, along, upon and across said premises, with the right and privilege at all times of the grantee herein, his or its agents, employees, workmen and representatives having ingress, egress, and regress in, along upon and across said premises for the purpose of making additions to, improvement: on and repairs to the said public utilities or any part thereof. TO HAVE AND TO HOLD unto the said City of Denton, Texas as aforesaid for the purposes aforesaid the premises above described. Witness hand , this the day of May , A.D, 19 . J Steph Crimp Sr, ice President ista Mo tge.ge & Realty, Inc. !I1 1 , 1 i , V . 1 1 v '..y 1 P rv N n. ' li': , J t t u„~,,.J 1. t.. i~,:.; t n'' .,1.. ~~n. ~ ~ ~ ~ J ACKNOWLEDGMENT THE STATE OF TEXAS r COUNTY OF 1~,Y 141--1 Z~ fa t •gned authoritY, Y p ; e sends on thjg~/ rsongll apgn eared Cl/~ "4' ~(a?' c / Q ~t nQo--t t . known to me to be the pe, • whose name is subscribed to the foregoing instrument, and acknowledged to me that he executed the same for the purposes and consideration therein expressed, , , GIVEN UNDER MY HAND AND SEAL OF OFFICE, This day of j1 ) • A,D. 19 1 ..~'.~...r ....!..:%.:Y.Ylr:`.......... Chard 1. hmSo Notab(fublic, in and for the State of Texas. in and for r the Stile of f T emis as r My Commission Expires It- Comm Pow f-itism ajgsj- ACKNOWLEDGMENT THE. STATE OF TEXAS, t COUNTY OF BEFORE ME, the undersigned authority, on this day personally appeared M ~ _ fx ~3uEs if known to me to be the rson whose name 4 . strument, and acknowledged to me that d to th be. . executed the acme for the purposes aQ s3ders'(iAn therei GIVEN UNDER MY HAND AND SEALgtO*F- ay of A. D. 19.._.. t' L 0 L ; r n Nota In and for the State of Texas. - bfl~Com Ires CORPOR4TIQTi~ AC 01 %EOP 'NT THE STATE OF TEXAS, ~u' jp BEFORE ME, the undersigned authority, COUNTY OF . 1 r a F on this day personally appeared _ . r ~.........._'e.... ° known to me to be the person and officer whose name is subscribed to the foregoing instrument and a gad to me that the same was the set of the said . a corporation, and that he executed the same as the act of such corporation for the purposes and consideration therein expressed, and In the capacity therein stated. GIVEN UNDER MY HAND AND SEAL OF OFFICE, This _ ....................Asy of----------- A.D. 19........ (LS.) Notary Public, in and for the State of Texas. My mm salon Expires CLERK'S CERTIFICATE THE STATE OF TEXASr County COUNTY OF t, _ Clerk of the County Court of said County, do hereby certify that the foregoing Instrument of writing dated on the day of , A. D. 19 , with its Certilk.te of Authentication, was filed for record in my office on the ...................day of A. D. i9. , at- - _ o'a. -k- _ M., and duly recorded this day of. ...............-........_.......,..............................._.A, D. 19....... , at.... . o'clock M., in the ,Records of said County, I t Volume , on pages............... WITNESS MY HAND AND SEAL OF THE COUNTY COURT of said County, at office In. . , the day and year last abore written. _ _ _ County Clerk County, Texas. (L. S.) By. . , Deputy. 1\ • i `tf r ~ ,g y I A R A a C a 0' 0 1~[ u 04 m ° ZhQ 1 ~Ii4i61 3 ti' t 1?2OPb F729 FS Y Z 0 - --311~ j i o E v 7~ 0 > I t3 .rl L) i I I 9. ,r_e~t-■~~tveu THE STATE OF TEXAS W 1'~11221PRESE140 N COUNTY OF DENTON LcORUb KNO ALL MEN BY THESE PRESENTS. Offt) 20340 THAT CARROLL VILLAGE INVESTORS, LTD., acting by and through J. S. oSjnderman, Managing General Partner Dallas County, Texas , in consideration of the sum of TEN AND N01100 ($10.00) ------------------and other good and valuable consideration in hand paid by City of Denton, Texas receipt of which is hereby acknowledged, do by these presents grant, bargain, sell and convey unto to City of Denton , the free and uninterrupted use, liberty and privilege of the passage in, along, upon and across the following described property, owned by it Situated in Denton County, Texas, in the William Loving Survey, Abstract No. 759, City of Denton, Texas; All that certain tract or parcel of land being part of a certain 1.910 acre tract situated in the William Loving Survey, Abstract 759, City and County of Denton, Texas, being out of Lot A of the Jester Addition to said City as recorded in Volume 16, Page 6, Plat Records of Denton County, and being more fully described as follows: BEGINNING at the most Southerly Southeast corner of Lot A at an "x" in concrete; THENCE S. 890 52' W. with the South line of Lot A a distance of 189.39 feet to a "P-K" nail set in concrete; THENCE N. 00 42' E. with the West line of Lot A a distance of 10.0 feet to a point for the Northwest corner of this easement; THENCE N. 890 52' E. a distance of 189.39 feet to a point for the North- east corner of this easement; THENCE S. 0° 42' W. a distance of 10.0 feet to the point of beginning and containing in all 0.043 acre of land. And it is further agreed that the acid City of Denton , In consideration of the benefits above set out, will remove from the property above described, such fences, buildings and other obstructions as may now be found upon said property, SAME, & FrXCEPT inpniye- i 3 on said property as of this date to-wit: air conditioning units and Tor"lFie,p us (I' installing water, sewer, electricity or other utilities and perpetually maintaining said utilities in, along, upon and across said premises, with the right and privilege at all times of the grantee herein, h=, or its agents, employees, workmen and representatives having ingress, egress, and regress in, along upon and across said premises for the purpose of making additions to, improvements on and repairs to tha said tilit hheasement or any part thgreof, Grantor herein specifically stippu 80f7l i0~4tl~ipYTabigitylin connectionst~ierewit~nantor shall have no further TO HAVE AND TO HOLD unto the said City of Denton as aforesaid for the purposes aforesaid the premises above described. Witness my hand , this the 300' day of May/ , A. D. 1983 , CARROLL VILLAGE IN STORSy-LTD. BY~< l ca!Lv_ J 'S. Sunderman, Managing Genera Partner SINGLE ACKNOWLEDGMENT THE' STATE OF TEXAS, COUNTY OF DALLAS - BEFORE ME, the undersigned authority, it,\' , +BoF m1J Count),, Texas, on his day personally a pcared s} S SUNDERMAN, Mana 1 n General r•1' i~ '•qf Carroll Village Investors, Ltd. _ . person whose name is. subscribed to the foregoing instrument, and acknowledged to me .;lyettifl he txecated the same for the purposes and consideration therein ex resscd., and 111 the capacity therein •G1VE:N,~J`NflE1t MY HAND AND SEAL OF OFFICE~ This a A.D. 19.83 f rc j - Notary Public, of 70003$1C Texas •!s'r~ My Commission Expiresd*we.tF=y ~t{ SINGLE ACKNOWLEDGMENT THE STATE OF TEXASr t COUNTY OF ( BEFORE ME, the undersigned authority, In and far said County, Texas, on thla day personally appcered known to me to be the person whose name subscr!6, d to the foregoing instrument, and acknowledged to me that he ^xecuted the same for the purposes and consMeiation therein expressed. GIVEN UNDER MY HAND AND SEAL OF OFFICE, This. day of---- A.D. 19 M .S.) Notary Public, County, Texas My lommis.0nn Expires June 1, 19 CORPORATION ACKNOWLEDGMENT THE STATE OF TEXAS, COUNTY OF BEFORE ME, the undersigned authority, in and for said County. Texas, on this day personally appeared . known to me to be the person and officer whose name la subscribed to the toreroinc inetrUnlcnt and acknowledged to me that tl,e same vas the set of the said a corporation, and that he executed the soiree as the act of such corporation feu the p::rpascs and consrdera _ tian . ther . ein expressed, and in the capacity tl•cruin katod. GIVEN UNDER MY HAND AND SEAL OF OFFICE, This day of A.ll. 19 (L.S.) Notary Public, County, Texas My Commission Expires June 1, 19. _ CLERK'S CERTIFICATE THE STATE OF TEXAS, 1 alAif OF IExAS COUNTY OF. emon Countof pEntua _ County CQUIFIY CtERN D?reran County, texas Clerk of the County Court of said County, do hereby certify that' tget'8!•~k'fyA [3161zit111telst~ LRas+t tine iWed on the do s sn time slam^ed hu eg day of A. D. 19. FC)VWidhhegiM pt , c c' ~IoQP,hSsl~s fried for record in my office on the day of r GI ec „t Il a,fia ecard5I _ - , Q. 19.n ~e,7, mt zs An o'eloeka by ma ,and duly recorded this _ day of A. D. ±9. JUfjrq_.._ 1983'Clock M., in the Records of sal it Volume on pages WITNESS MY HAND AND SEAL OF THE COUNTY COURT + 09a*ok rA, ~ . 40 1 . the day and year las ~ *tten,~ iz" County Clerk 09IJ19 C([RN A 0IMP. County, Texas. (L. S.) By - - - Deputy, r I f C I$ ~ Q ~ e ' R3 fll A ~a+ H C. • i CG& C, a. • ` I tl11L a 7 C {~7 ! rte! ~ Cg U ~ • ~ ' p Ni „titJ: H ]I J~ k w c~~l x'I H z u ai H P4 ; U E ! \ ou r~ S tz i~ I! I ! i I all ao O 0 W tl:~~r? ~j 3C3 o O O ; s >4 ! l q H 1fE ' i ! I i ■ 0 V f ai ip~ A f ! O CC•215-EASEMENT.. a , ; : . Irhnln l:fa~gn~rv Ca. Della e THE STATE OF TEXAS, vot 1220PAGE726 KNOW ALL MEN BY THESE PRESENTS: COUNT' OF Denton DM itECO42D9 , THAT VISTA MORTGAGE & REALTY, INC, ?{)i'-•~ of /),rf/,,s County, Texas , in consideration of the sum of One dollar ($1.00) and nc- cents - - - - - - - - - and other good and valuable consideration in hand paid by the City of Dento•i, Texas receipt of which is hereby acknowledged, do by these presents grant, bargain, sell and convey unto to the City of Denton, Texas , the free and uninterrupted use, liberty and privilege of the passage in, along, upon and across the following described property, owned by it Situated in County, Texas, in the T. Peacock Survey, Abstract No. 1589 All that certain lot, tract or parcel of land lying and being situated in the City and County of Denton, State of Texas, and being part of the T. Peacock survey, Abst. No. 1589, and being part of Lot No. 12, Block A of the Montecito Del Sur Addition, an addition to the City/County of Denton, and also being part of a tract of land as conveyed from Montecito Del Sur, Inc. to Justice Mortgage Investors, by deed dated 7-7-76 and recorded in Volume 793, Page 798 of the Deed Recoris of Denton County, Texas, and more particularly described as follows: Being a strip of land 16 fee': in width adjacent to and southwest from the northeast boundary line of said lot 12, Block A; and being 230.17 feet in length. And it is further agreed that the said City of Denton, Texas in consideration of the benefits above set out, will remove from the property above described, such fences, buildings and other obstructions as may now be found upon said property. For the purpose of construction, installing, repairing & perpetually maintaining public utilities in, along, upon and across said premises, with the right and privilege at all times of the grantee herein, his or its agents, employees, workmen and representatives having ingress, egress, and re;ress in, along upon and across said premises for the purpose of making additions to, improvements on and repairs to the said pub] is utilities or any part'thereof. TO HAVE AND TO HOLD unto the said as aforesaid for the purposes aforesaid the premises above described. Witness hand this the day o May A. D. 19 f'3 •Y J. eph n Crim, Sr. Vice Presi&.-nt Vista mortgage & Realty, Inc, M++£M. 1. Y. P 1 ♦ ,n .ry y.y yi P J Y,J 1. J l l 1,P. I l V ! L I l l l ",A". ' V O V. V' ~I l .l C. U l1 L ,11 1„~, L' J ~j J I t' 1 1 1a l l t l J ACKNOWLEDGMENT THE STATE OF TEXAS, COUNTY OF BEFORE)lF., the u deraigned. authority, on this day per nally appeared --Z IJ } known to me to be the person . whose name /3 subscribed to the foregoing instrument, and acknowledged to me that he. executed the same for the purposes and consideration therein ex reased. / GIVEN UNDER MY HAND AND SEAL OF OFFICE, This / day ooffi!' A.D. 19'I 1 C' ll Che 1 Cshman. Noe vu'hc c. a' 1 rn and for tFe Sra!r of ta,as Nolarf ublic, In and for the State of Texas. r M ono. pwi k, rrs 7 /d 87 My Commission Expires ACKNOWLEDGMENT THE STATE OF TEXAS, l COUNTY OF J BEFORE ME, E, the undersigned authority, on this day personally appeared 149 known to me to be the person whose name p~ clbed to or 1 Instrument, and acknowledged to me that he. executed the some for the purposes RZtdoe•GaElon the a s. {L.S.~O.YQEEEEEE GIVEN UNDER MY HAND AND SEA16 day of A.D. 19.. a .j- y' e Tlic, in and for the State of Texas. ae a i G Co +issio pares 1fA THE STATE OF TEXAS,CORP r o~ E 1 NT COUNTY OF. _ S °e` "k a BEFORE ME, E, the undersigned authority, on this day personally appeared.. g X ~.4....... e_ . .{y„ known to me to be the person and officer whose name is subscribed to the foregoing instrument ■nr ack edged to me that the same was the act of the said - a corporation, and that he executed the same as the act of tech corporation for the purposes and consideration therein expressed, and in the capacity therein stated. GIVEN UNDER MY HAND AND SEAL OF OFFICE, This _...day of_..... A.D. 19........ (LS.) _ _ Notary Public, in and for the State of Texas. My Commission Expfres CLERK'S CERTIFICATE THE STATE OF TEXAS, County COUNTY" OF Clerk of the County Court of said County, do hereby certify that the foregoing instrument of writing dated on the day of , A. D. 19, , with its Certificate of Authentication, was filed for record in my office on the.. ....._day of--- . , A. D. 19. . , at o'clock. M., and duty recorded this . . day of A. D. 19......... , at__.__. o'clock M., In the Records of said County, In Volume.....,.......,,,. , on pages.. WITNESS MY HAND AND SEAL OF THE COUNTY COURT of said County, at office in the day and year last stave written. _ County Clerk_ County, Texas. (L. S.) By, _ _ . , Deputy. d `r J f V t 1.1 V ' + A ~ p J t I oa F a o; ~ i I r+ ! A d ° a a, j R ! d A Gd li 3 U a I a rA N o U S a I c+ c i o f 46 E dY Cc zfA':;Eil iMlit THE PdGE0 STATE OF TEXAS, KNOW ALL AMEN BY THESE PRESENTS, COUNTY OF Denton OEM IECORDV THAT VISTA MORTGAGE 6 REALTY, INC. ?M 13 of _/i//QS County, Texas in consideration of the sum of one dollar ($1,00) vnd no cents - - - - - - - - - and other good and valuable consideration in hand paid by the City of Denton, Texas receipt of which is hereby acknowledged, do by these presents grant, bargain, sell and convey unto to the City of Denton, Texas the free and uninterrupted use, liberty and privilege of the passage in, along, upon and across the following described property, owned by it . Situated in Denton County, Texas, in the T. Peacock Survey, Abstract No. 1589 All that certain lot, tract or parcel of land lying and being situated in the City and County of Denton, State of Texas, and being part of the T. Peacock survey, Abst. No. 1589 and being part of lot No, 2, Block D of the Montecito Del Sur Addition, an addition to the City/County of Denton, and also being part of a tract of land as conveyed from Montecito Del Sur, Inc, to Justice Mortgage Investors by deed dated 7-7-76 and recorded in Volume 793, Page 798 of the Deed Records of Denton County, Texas, and more particularly described as follows: +Beginning in the northwest corner of said lot2, Block D, said point lying in the southeast , right-of-way line of Granada Trail; n. ° -Thepce south 41 02' 35" east along the northeast boundary line of said lot 2, a distance of 35 feet to a point for a corner; r:• ° Thence south 48 57' 25" west a distance: of 16 feet to a point for a corner; ° Thence north 41 02' 35" west an approximate distance of 35 feet to a point for a corner in the northwest boundary line of said lot 2, same being the southeast right-of-way line of Granada Trail; Thence northeasterly along the northwest boundary line of said lot 2, same being the southeast right-of-way line of Granada Trail, an approximate distance of 16 feet to the place of beginning and containing 0.0128 acres of land more or less. And it is further agreed that the said City of Denton, Texas in consideration of the benefits above set out, will remove from the property above described, such fences, buildings and other obstructions as may now be found upon said property. For the purpose of construction, installing, repairing and perpetually maintaining public utilities in, along, upon and across said premises, with the right and privilege at all times of the grantee herein, his or its agents, employees, workmen and representatives having ingress, egress, and regress in, along upon and across said premises for the purpose of making additions to, improvements on and repairs to the said public utilities or any part thereof. TO HAVE AND TO HOLD unto the said City of Denton, Texas as aforesaid for the purposes aforesaid the premises Bove described. Witness Ay hand , this the /Y( day of May A,1 19 y3 J. S ephen Crim, Sr. Vice President: p p q is mortgage & }fealty, Inc. MI.Fi iM r. Y n L ~ ACKNOWLEDGMENT THE STATE OF TEXAS, COUNTY OF /,1o'//`-`..5- BEFORE DffF` the undersigned out lr ty, on this day personally appcare.l l t!r x ~.!fi' tlQ~ fl 7/v~ t~ ~--r'yT.~'LE ~ _ of ~/Jc. ,~r-C • known to me to be the person whose name l subscribed to the foregoing instrument, and acknowledged to me that he executed the same for the purposes and consideration therein expressed. GIVEN UNDER MY HAND AND SEAL OF OFFICF, This ? day of A.D. 19 Cheryl 1. Gb,.man. Notary public • ...r... .L✓ 1r J n mr tar the State of ie,ss Notary Public, In and for the State of Tesr. ' WY Colt an Eapnes ? IB tll itty Commission Expires THE STATE OF TEXAS, ACKNOWLEDGMENT i COUNTY OF J BEFORE ME, the undersigned authority, on this day personally appeared acknowledged known to me to be the person . whose name _ to me that subscribed to the foregoing instrument, and he.. executed the same for the purposes and consideration therein expressed. GIVEN UNDER MY HAND AND SEAL OF OFFICE, This . day of , A.D. 19....,.. (L,S.) f Notary Public, in and for the State of Texas. My Com iasion Expires q~ THE STATE OF TEXAS, CORPO KNOB MENT ~ 6- ; a e COUNTY OF ..........,..._b ~IHEFORE ME, the undersigned authority, on this day personally appeared F r. ~D 0 i _ ..i? _ known to me to be the person and officer whose name is subscribed to the foregoing- ac me that the name was the act of the said • corporation, and tha0 he executed the same,9drr4F)7 tfo for the purposes and consideration therein expressed, and In the capacity therein ate da F r•' ~ F GIVEN UNDER MY HAND ANDII Tyt,fP'FE ~ to .e • ' day of.----........_..~._~.._..., A.D. 19...__. ° a u (L S•) S u°`t..rrr 8 ota Public, in and for the State of Texas. o ° (salon Expires CLERK'S CE CATE THE STATE OF TEXAS, COUNTY OF , County Clerk of the County Court of said County-, do hereby certify that the foregoing instrument of writing dated on the day of _ , A. D. 19. , with its Certificate of Authentication, was filed for record in my office on the .................day of........ A. D. 19..... , at___ o'clock_ M., and duly recorded this day of...... A. D. 19........, at_ o'clock _ M., In the _ ............Records of said County, in Volume......... , on pages WITNESS MY HAND AND SEAL OF THE COUNTY COURT of said County, at office In , the day and year last above written. County Clerk County, Texas. (L. S.) By. , Deputy. S ! E R i e A W L n 3 h' aJ:m i " c4 d i rot U a~ r o al U f c ! 0 a Q) 0 0 1514 VrC r~, 4J i 3 i o i f 1131 Of ay 44 i i i 4J ~3 1 1 i i I ~s > ~ othe undersigned residents of Denton are opposed to the grant '.nc of the :petition of Lewis Cook for a zoning change from agricultural to planned development for the 14.0734 acre tract beginning alone the east side of Riney Road, adjacent and south of U.S. Highway 77, and approximately 200 ,.Peet north of. Old Sanger Road (Windsor Drive). Aporoval of Mr. Cook's petition would pernit the construction of 118 multi-family units and 41 duplex units.'' Voter Reg. No.60 ]l9/z 'ape - }j dress n ` ,0071k13 AJOLU30 'M o os9~o~~ ~Z~ a Q 1 00 5- 16 5- top t • 2t~ 9c 9~ 7.1L~ ~ZZ~.~1 J bti4~~ S 3 94 Do~1S26 712 AIoA7 i ~-F, D 3 8 35 _ a- ~~te~a 6 a?az, 0 (rA 2! '7 0o ~5q 00 5-'7 0 o w _ S I r ~ . A0 ~ L J 01- a T- We, "the updersigned residents of Denton are opposed to the granting of the petition'of Lewis Cook for a zoning change from agric!.ltural to planned development for the 14.0734 acre tract beginning along the east side of Riney Road, adjacent and south of U.S. Highway 77, and approximately 200 •`eet north of Old Sanger Road (Windsor Drive) . Approval of Mr. Cook's petition would permit the construction of 118 multi-family units and 41 duplex units,- Voter Reg. No. ?game Address C G ~ a fia e r ' - v0 30 70, Q 0 e> I✓d w ~~t µ d4,1~i P~ 6.6744 7 0 . P. ff. A 7/4 7Lis 0104~J Q0 9976 Y l We, the undersigned residents o^ Denton are opposed to the granting of the petition of Lewis Cook for a zoling change from agricultural to planned development for the 14.0734 acre tract beginning.along the east side of Riney Road, adjacent and south of U.S. Highway 77, and approximately 200 -feet north of Old Sanger Road (Windsor Drive). Approval of Mr. Cook's petition would permit the construction of 118 multi-family units and 41 duplex units, Voter Reg. No. , ame _ Address C4 0 1.~ e2 01 J~~ S) Y~~, ✓ IS-/ 19 09 27M 15-D-1 a- .s /1011 ZPP~~I 4 u-, -4 /4 0377 b y t " 10 (15 A 004 d l~ ~ ~ 00 6 yy56opt 4t~- Sol / I CIO, Ve., 'the undersigned resident: of Uenton arq opposed to the granting of the petition'of Lewis Cook for a zo.-Ang change from agricultural to planned development for the 14.0734 acre tract beginning.?i~,nQ rhP Q~sr__sic3e-of- Riney Road, adja~--nt and south of U.S. Highway 77, and approximately 200 • Fee nortfi of`O1.' Sanger Road (S4inde( r Drive). Approval of Mr. Cook's petition would per.-nit the construction of 118 multi-family units and 41 duplex units.'' Voter Reg. No. Nwie Address nn C1s til/ ~q;I_ rl ~y~V A S 0038212 31 3C)ULL -7 3 C-) b 0 0 " 4 PK~ *0,~2-~ f12c1 p o q~l o4AA 040-3 -7 5~.~8 ~14i<:~oS9 L~•-+ N-P-i A p U 0 ~•1 ~l' !`7oYktt. j_ f`Xk'v S J 411~'~~tl~.t. We,'the undersigned residents of Denton are opposed to the granting of the petition of Lewis Cook for a zoning change from agricultural to planned development for the 1,0734 acre tract beginning along ;he east side of Riney Road,'adjac-.nt and south of U.S. Highway 77, and approximately 200 --feet north of Old Sanger Road (Windsor Drive). Approval of Mr. Cook's petition would permit the construction of 11E.=ulti-family units and A1_ duplex units. Voter Reg. No. Name Address _ i Ad We, the undersigned residents of Denton are opposed to the granting o_` the petition of Lewis Cook for a zoning change from agricultural to planned development for the 14.0734 acre tract beginning along the east side of Riney Road, adjacent and south of U.S. Highway 77, and approximately 200 .feet north of Old Sanger Road (W` ndsor Drive). Approval of Mr. Cook's petition would permit the construction of 118 multi-family units and 41 duplex units. Voter Reg. No. ?game Address G ~ 7 rc.d~~~rioc~- ov~-7 0 rti tj - Loo .2 ~3 r , Wee-the .undersigned residents of Denton are opposed to the granting of the petition of Lewis Cook for a --oning change from agricultural to planned development for the 14.0734 acre tract beginning along the east side of Riney Road, adjacent and south of U.S. Highway 77, and approximately 200 • feet north of Old Sanger Road (1•74-ndsor Drive) , Aoaroval of Mr. Cooki s y petition would permit the construction of 118 multi-family units and 41 dug1ex u-ni*_s, ~'ote* Reg. No. ?Fame Address „ f • Sf - t ^l, 1 del[:. n ~?c?~ ~tJ'~,'~!!~i L? wt= k. /7 ~fo5" ;6E- • ~ 4--15` YY1o.4 t0. ~ I / J , - t2 A-~ We, the undersigned residents of Denton are opposed to the granting of the °LYL n- of Lewis Cook for a zonin; chancre from agricultural to planned deve._;sant for the 14.0734 acre tract beginning along the east side of Rir.ey•Road, adjacent and south of U.S. Highway 77, and approximately 200 -eet north of Old Sanger Roaa (Windsor Drive). Approval of Mr. Cook's petition would permit the construction of 118 multi-family units and 41, duplex units. `Doter Reg. No. Name Address 7-1- -7i a r 9 fr n r,+J .4A 4 y ~ Y . J i~ ('_A ~ ,ill • ~ ~F i J V~ r N y~,-~~ ~l ~5 M Y ~ St r~ 1 < iIA~'/_ii[ } .r 1J A Inj1 +ck~Wyl -.9~~J(}]+r~;.frt ~ 1' ~ i E~R E S 0 L U T 1 0 N WHEREAS, the City Council is dedicated to the goals of maintaining the quality of life now enjoyed by the citizens of the City of Denton; and WHEREAS, the City Council strongly believes that the recruitment of new, environmentally clean industrial growth and businesses to the City of Denton is vital of the financial well-being of the community; and WHEREAS, the City Council is supportive of the efforts of the Denton Chamber of Commerce to attract new business and industry to the area and is working in cooperation with the Chamber of Commerce to encourage the development of new jobs; and WHEREAS, the growth of new industry adds not only direct employment opportunity, but results also in additional employment expansion and other support services within the community and provides for a health- tax base; and WHEREAS, the City Council believes in the promotion of tourism and conventions in Denton; now, therefore, BE IT RESOLVED BY THE CI'-,Y COUNCIL OF THE CITY OF DENTON, TEXAS: SECTION I. That the !'ity Council of the City of Denton does hereby adopt the foliowii,q economic development policy statements: 1. It is the policy of the City of Denton to retain and strengthen its position as a major business and industrial site located in tiie Golden Triangle Region. 2. The City will continually reassess and upgrade its Denton Development Gaide to ensure an adequate inventory of industrial ?:oried land. 3. To the extent possible, °nvironmental processing for prospective industrial p?ants meeting federal and state clean air and clean water guidelines will be accomplished by the City on a preclearance basil by geographical area and zoning categories. 4. Agriculturally-related industries will be encouraged. 5. The City will ensure an adequate supply of reason- ably priced water for industrial use. to.m~r_s ~efll~m~~-f e!taeaTaS2lP~Dn97.VQi9f[~1~'r~ 6. The City will participate with members of the Denton Chamber of Commerce in sponsoring an economic development program. 7. An upper level management person will be designated to act as a liaison for the City in working with the Chamber and industrial prospects. 8. The City of Denton considers it important to rain and retrain workers for entry into industrial jobs and will participate with the County of Denton, the Chamber of Commerce, the Denton Independent School District, and other educae:on/training institutions to encourage local training programs. SECTION II. That this resolution shall become effective upon its passage and approval. PASSED ANJ APPROVED this the 17th day of May, 1983. 1 D U S E , CIT OF NTON, TEXAS ATTES.T: 17 x a w CITY OF DENTON, TEXAS APPROVED AS TO LEGAL FORM: C. J TAY R, JR., ATTORNEY Cl'PY OF llENT TEXA , a ; i i. - -y Y t' `R s # { kx?' L~R. A § y^ air r } I a a FFF S #ff f n. * A i;,.- m+ a .-C; a. {7y a;1'f1, '+G yf, f f _ k ! Ord-: ! ~'{ri~~"A{~ I•v r}~ 3'l.A Y..•'v tf 1 f A `C, f t n, 4 NO.~ AN ORDINANCE GRANTING A SPECIFIC USE PERMIT AND AMhNDING THE ZONING MAP OF THE CITY OF DENTON, TEXAS, AS SAME WAS ADOPTED AS AN APPENUIX TO THE CODE OF ORDINANCES OF 1'HE CITY OF DENTON, TEXAS, BY ORDINANCE NO. 69-1, AND AS SAID MAP APPLIES TO APPROXIMATELY 4.5 ACRES OF LAND IN THE CITY AND COUNTY OF DENTON, TEXAS; AND DECLARING AN EFFECTIVE DATE. THE, COUNCIL OF THE CITY OF DENTON, TEXAS, HEREBY ORDAINS: SECTION 1. The Zoning Classification and Use designation of the following described property, to-wit: All that certain 3.178 acre tract of land, or parcel of land situated in the Wm. Dani3ls Survey, Abstract No. 378, City and County of Denton, Texas; said tract being part of lands shown by deeds from Gibson to Welch as recorded in Volume 333, Page 397 and Volume 362, ."age 169 of the Deed Records of Denton County, i Texas; said tract being further described herein by metes and bounds as follows: BEGINNING for the southeast corner of tract being described herein, at a righ of way marker found at the northeast corner of tract described in deed to Rene Cassar as recorded in Volume 1081, Page 756 of the Deed Records of Denton County, Texas (locally known as part of Center Point Mobile Home Park); THENCE west 629.45 feet generally along fence to an iron pin found at angle point in fence Line; THENCE north 89°43109" west 198.58 feet to the southwest corner of aforementioned tract as shown by deed recorded in Volume 362, Page 169 of said Deed Records; THENCE north 1057124" west 25.0 feet to the most western northwest corner of said tract; THENCE south 89°32126" east 198.59 feet to iron pin found at fence corner; THENCE nort!i 1059129" west 224.36 feet to an iron pin found at fence corner THENCE south 89053143" east 459.0 feet to a point in north line of aforementioned Cassard tract; THENCE 4°24146" east 248.2 feet parallel to the western line of U.S Highway No. 377 to a point; Ti:ENCE south 89053143" east 160.0 feet to a point in the western line of said U.S. Highway No. 377; THENCE south 4024146" east 114.1 feet to the place of beginning. which is classified as Light Industrial 111,1" District Classifi- cation Use under the Comprehensive Zoning Ordinance of the City of Menton, Texas is hereby changed and a Specific Use Permit is S-164-W. Y. TUNNICLIFF-PAGE 1 m 11 • " { 4 V ,~•ti bd1,~ t .-}~'.2" .I' ~ ♦ fi~yl + 1 '.s" „C 1 •r _ . " ~ ; C ~'J. q.t w'.~"]N 4~',°E~~., t ~ 1 . 3 v'."r r J ~ .i, r` , .'6ttl. :A a t` ~.a~x.Jt .e 3aS •~.ic hereby granted for the use of said property for an extension of a mobile home park known as Center Point Mobile Home Park to accommodate twenty (20) additional lots or stands, subject to the following conditions and restrictions to-wit: 1. Plans for development and the development itself shall conform with the Mobile Home Park and Travel Trailer Ordinance and subdivision regulations of the City of Denton prior to the issuance of building permits and certificates of occupancy; 2. Development shall conform to approved site plan or plot plan; 3. A six foot (61) solid wooden fence shall be erected on all property lines that abut land uses that are not mobile home or travel trailer parks; 4. A ten foot (101) rear c' and side yard setback shall be observed. The development of the property shall be in substantial compliance with the site plan attached hereto and made a part hereof for all purposes. The Zoning Map of the City of Denton, Texas, adopted the 14th day of January, 1969, as an Appendix to the Code of Ordinances of the City of Denton, Texas under Ordinance No. 69-1, be, and the same is hereby amended to show such change in District Classification and U- SECTION II. That the City Council of the City of Denton, Texas hereby finds that such change is in accordance with a comprehensive plan for the purpose of promoting the general welfare of the City of Denton, Texas, and with reasonable consideration, among other things for thy: character of the district and for its peculiar suitability or particular uses, and with a view to conserving the value of the buildings, protecting human lives, and encouraging the most appropriate uses of land for the maximum benefit to the City of Denton, Texas, and its citizens. SECTION III. That this ordinance shall be in full force and effect immediately after its passage and approval, the required public 5-164-W. Y. TUNNICLIFF-PAGE 2 1{ ` ~ x ~r d ! ! 3 A t • ; J} ~ t ill s • : ~3 SS . t- ~ r - ! eC I ` iy y rr r R Ta .fin., ''?"i.:".~'".....,v MIMM hearings having heretofore been held by the Planni,lg and Zoning Commission and the City Council of the City of Denton, Texas, after giving due notice thereof. PASSED AND APPROVED this the y of 1983. -IT OF PN, TEXAS ATTEST: CHARLOTTE ALU Nt- CITY SECRETARY CITY OF DENTON, TEXAS APPROVED AS TO LEGAL FORM: C. J. TAYLOR, JR., CITY ATTORNEY CITY OF DENTON, TEXAS BY: _ S-164-W. Y. TUNNICLIFF-PAGE 1 Q i I }1 Oil ~ ~ I Y V Y' lam` _ , 'All TRANSMITTAL MEMO FOR CONTRACTS AND LETTERS OF AGREEMENT BID d /C FOR REVIEW: DATE: a= /8- S 3 ORIGINATING DEPARTMENT Reviewed Date /t-f PURCHASING AGENT e Dat PERSONNEL,__hlhen for Personnel -services-- Reviewed Date 11,f' DIRECTOR OF FINANCE Reviewed Date /1,/' FOR APPROVAL OF LEGAL FORM: CITY ATTORNEY FOR PROGRAM APPROVAL: CITY MANAGER r ~ FOR•h%YW/CITY MANAGER SIGNATURE: FINAL DISTRIBUTION OF APPROVED/COMPLETED CONTRACTS: GAIL ORIGINAL /Pr CITY SECRETARY COPIES ORIGINATING DEPARTMENT PURCHASING DEPARTMENT ACCOUNTING DEPARTMENT /v/" CITY ATTORNEY VENDOR/CONTRACTOR 0086b/lc CONTRACT AGREE.MNT STATE OF TEXAS COUNTY OF Denton THIS AGREEMENT, made and entered into this 11 day of May A.D., 19 83, by and between The City of Denton, 215 E. McKinney St., :'anton, Texas 76201 of the County of Denton and State of Texas, acting through G. Chris Hartung, City manager thereunto duly authorized so to do, Party of the First Part, hereinafter termed the OWNER, and ,lay-Mar Corporation 1819 Dunn Street, Grapevine, Texas of the City of Grapevine , County of Tarrant and state of Texas Party of the Second Part, hereinafter termed CONTRACTOR. 17I7NESSETH: That for and in consideration of the paynents and agreements hereinafter mentioned, to be made and performed by the Party of the First part (OUVER), and under the conditions expressed in the bonds bearing even date herewith, the said Party of the Second Part (CONTRACTOR) hereby agrees with the said Party of the First Part (OWNER) to commence and complete the construction of certain improvements described as follows: Hid #5109. P>>rchase Order d58213, PPrran C rppk nam CnnctryjCjjpn and all extra work in connection therewith, under the terms as stated in the General Conditions of the agreement; and at his (or their) own proper cost and expense to furnish all materials, supplies, machinery, equipment, tools, superintendence, labor, insurance, and other accessories and services necessary to complete the said construction, in accordance with the conditions and prices stated in the Proposal attached hereto, and in accordance with all the General Conditions of the Agreement, the Special Conditions, the Notice to Bidders (Advertisement for Bids), Instructions to Bidders, and the Performance and Payment Bonds, all attached hereto, and in accordance with the plans, which includes all maps, plats, blueprints, and other drawings and printed or CA-1 004-ob wri,ften explanatory matter thereof, and the Specifications therefore, as prepared bq, City of Denton, Texas utilities and Engineering Departments all of which are made a part hereof and collectively evidence and constitute the entire contract. The CONTRACTOR hereby agrees to commence work an or after the date established for the start of work as set forth in written notice to commence work and complete all work within the time stated in the Proposal, subject to such extensions of time as are provided by the General and Special Conditions. The OINNER agrees to pay the CONTRACTOR in current funds the price or prices shown _a the Proposal, which forms a part of this contract, such paymenes to be subject to the General and Special Conditions of the Contract. IN WITNESS WHEREOF, the parties of these presents have executed this agreement in the year and day first atove written. ATT ST: Cif of_C~ent n Texas Party t rst Par OWNER By , G. r u City Manaqer (SEAL) ATTEST: Jay-Mar Corporation Party of the Second Part, CONTRACTOR BY ~ll7. Title VICe 1~21?45,,o,e (SFAL) APPROVED AS TO FORM: y torn CA-2 0044b PERFORMANCE BOND SATE OF TEXAS ) COUNTY OF KNOW ALL MEN BY THESE PRESENTS: That Jay-MaA ConpoAaUcn , of the City of rhn.,D,,;i,o County of Dat&6 , and State cf Texc4 as PRINCIPAL, and McArhantA g,n ijig Com,, drst„n£) as SURETY, authorized under the laws of the State of Texas to act as surety on bonds for principals, are held and firmly bound unto the City of Denton Texas as OWNER, in the penal sum of Fifty five thousand five hundred eighteen and 00/100 _ Dollars ~tS5,518.00 ) for the payment whereof, the said Principal and Surety bind themselves and their heirs, administrators, executors, successors and assigns, jointly and severally, by these presents: WHEREAS, the Principal has entered into a certain written contract with the OWNER, dated the II day of May , 19 83 , for the construction of Per .+i ('hook Dam Co"tAuct on. Ud 1109, PUAcJtn~e 582x 3 which contract is hereby referred to and made a dpart h,areof as fully and to the same extent as if copied at length herein. NOW, THEREFORE, the condition of this obligation is such, that if the said principal shall faithfully perform said Contract and shall in all respects, conditions and agreements in and by said contract agreed and covenanted by the Principal to be observed and performed, and according to the true intent and meaning of said Contract and the Plans and Specifications hereto annexed, then this obligation shall be void: otherwise to remain in full force and effect; PP-1 PROVIDED, HOWEVER, that this bond is executed pursuant to the provisions of Article 3160 of the Revised Civil Statutes of Texas as amended by acts of the 56th Legislature, Regular Session, 1959, and all liabilities on this bend stall be determined in accordance with the provisions of said Article to the same extent as if it were ccpied at length herein. PROVIDED FURTHER, that if any legal action be filed upon this bond, venue shall lie in Denton County, State of Texas. Surety, for value received, stipulates and agrees that no change, ectension of time, alteration or addition to the terms of the contract, or to the work performed thereunder, or the plans, specifications, or drawings accompanying the same, shall in anywise affect Its obligation on this bond, and it does hereby waive notice of any such change, ectension of time, alteration or addition to the terms of the contract, or to the work to be performed thereunder. IN WITNESS WHEREOF, the said Principal and Surety have signed and sealed this instrument this 16_ day of May , 1983 . r,,,,_ r,• ~e a e ~a~EA~~ Menchantta Sondi M (Mu.tuat) Principal Surety By o Title Title Attqueu-in- Fact Address -470 Address 6000 N. Leman ~rooe_T_ r=ne, T~ro+ 7Fos'/ Au-Atrn- ToxaA 78759 (SEAL) (SEAL) The name and address of the Resident Agent of Surety is: 1516 S.temmonh Freeway NOTE: Bate of Bond must not be prior to date of contract. PB-2 0091b PAYMENT BOND STATE OF TEXAS COUN'CY OF n., ) KNOW ALL MEN BY THESE PRESENTS: That Jau-PoA Cou aticki of the City of GAapevine County of OaUas and State of Texas as principal, and McAchogtA Rn»rl _romnnuI M11_t I'll authorized under the laws of the Slate of Texas to act as surety on bonds for principals, are held and firmly bound unto The City of Denton, Texas OWNER, in the penal suo of Fifty five thousand five hundred eighteen and 00/100 -,allars 55,518.OC ) for the payment whereof, the said Principal and Suret;,- bind themselves and their heirs, administrators, executors, successors and assigns, jointly and severally, by then presents: WHEREAS, the Principal has entered into a certain written contract with the Owner, dated the 11 day of hay 19 83 Pecan Cheek Vam Cc • thuctiott, Bid # 8109, Ptucha4e 0,tdet 58243 to which contract is hereby referred to and made a part hereof as fully and to the same extent as if copied at length herein. NOW, THEREFORE, THE CONDITION OF THIS OBLIGATION IS SUCH, that if the said Principal shall pay all claimants supplying labor and material to him or a Eubr.ontractcr in the prosection of the work provided for in said contract, then this obligation shall be void, otherwise to remain in full force and effect; PROVIDED, HOWEVER, that this bond is executed pursuant to the provisions of Article 5160 o the revised Civil Statutes of Texas as amended by the acts of the 56th Legislati,rc, Regular Session, 1959, and all liabilities on this bond shall be determined in accordance with the provisions of said Article to the same extent as if it were copied at length herein. PB-3 Surety,-for value received, stipulates and agrees that no change, extension of time, alteration or addition to the terms of the contract, or to the work performed thereunder, or the., plans, specifications or drawings accompanying the same, shall in anywise affect its obligation on this bond, and it does hereby waive notice of any such change, extension of time, alteration or addition to the terms of the contract, or to the work to be performed thereunder. IN WITHNESS WHEMOF, the said Principal and Surety have signed and sealed this instrument this 16 day of May 19 83 , "~~r---------~ipGLlClitGQll ~ A~ohrl~nti~A F r.~S-~lffuf~L~ Principal Surety By AA h4 Title V,cc- per Title Attnhnog-in-Fart Address ,D,en,e_ -,,7c _ Address 6000 N. Lamcvc SVeet n r. e✓ j:.Ifl La's.'' / 4-_.--.~.8.7 S r (SEAL) (SEAL) The name and address of the Resident Agent of Surety is: 1516 W-wons Fneewau PB-4 0092b MAINTENANCE BOND STATE OF T_EKAS X COUNTY OF X KNOW ALL MEN BY THESE PRESENTS: THAT ?ay-than Corporation as Principal, and to 5 o,i g Company(PECTuac) a Corporation authorized to do business in the State of Texas, as surety, do hereby acknowledge themselves to be held and bound to pay unto the City of Denton, a municipal corporation of the State of Texas, its successors and assigns, at Denton, Denton County, Texas, the sum of fit_~thoi~sand five hiindred fifty aighh AnA QQ11f)o dollars ($y558.D0 10% of the total amount of the contract for the paymont of which sum said principal and surety do hereby bind themselves, their successors and assigns, jointly ant severally. This obligation is conditijned, however, that: 1WHER:7AS, said Jay-dean Co,tpo.ta.tion has this day entered into a written contract with the said City of Denton to build and construct Pecan Cn.eek Dam CmtAuWon, Bid 0$109, YvAchaae OndeA 58243 which contract and the plans and specifications therein mentioned, adopted by the City of Denton, are filed with the City Secretary of said City and are hereby expressly incorporated herein by reference and made a part hereof as though the same were written and set out in full herein, and 'WHEREAS, under the said plans, specifications, and contract, it is provided that the Contractor will maintain and keep in good repair the work therein contracted to be done and performed for a period of one (1) year from the date of acceptance thereof and do all necessary backfilling that may become necessary in connection therewith and do all necessary work toward the repair of any defective condition growing out of or arising from the improper -on- struction of the improvements contemplated by said Contractor on constructing the same or on account of improper excavation or backfilling, it being Tinder- stood that the purpose of this section is to cover all defective conditions arising by reason of defective materials, work, or labor performed by said Contractor, and in case the said Contractor shall fail to repair, reconstruct or maintain said improvements it is agreed that the City may do said work in accordance with said contract and supply such materials and charge the same against the said Contractor and its surety on this obligation, and said Con- tractor and surety shall be subject to the damages in said contract for each day's failure on the part of said Contractor to comply with the terms and provisions of said contract and this bond. l NOW, THEREFORE, If the said Contractor shall perform its agreement to maintain said construction and keep same in repair for the maintenance period of one (1) year, as herein and said contract provided, then these presents shall be null and void and have no further effect; otherwise, to remain in full force and effect. T.t is further agreed that this obligation shall be continuing one against the Principal and Surety and that successive recoveries may be had hereon for successive breaches of the conditions herein provided until the full amount of this bond shall have been exhausted, and it is further under- stood that the obligation to maintain said work shall continue throughout said maintenance period, and the same shall not be changed, diminished, or in any manner affected from any cause during said time. IN WITNESS WHEREOF the said lay-b{at ConronaUon as Contractor and Principal, has caused these presents to be executed by Phitti.,p M. Hutchirgb and the said McAcha+ onc~crtg om`pany ~ - as surety, has caused these presents to be executed by its Attorney--in-fact fn,,,P_r c,tpi,.ny and the said Attorney-in-fact has here- unto set his hand this the --16 _ day of May 19- 3 SURETY: PRI14CIPAL: -MPdL24tTP tb d17~ ~rtnP ~ L[Q% "~-!L! q2.0-C a / o n BY: _-)UA Attorney-in-fact `B-2 CITY OF DENTON INSURANCE MINIMUM REQUIREMENTS 'Without limiting any of the other obligations or liabilities of the Contractor, the Contractor shall provide and maintain until the work is completed and accepted by the City of Denton, Owner, minimum insurance coverage as follows: TYPE OF COVERAGE LIMITS OF LIABILITY I. WORJOIEN'S COMPENSATION STATUTORY II. COMPREHENSIVE GENERAL LIABILITY Bodily Injury $300,000 $300,000 Each occurance Aggregate Property Damage $100,000 $100,000 Each accident aggregate III. COMPREHENSIVE AUTOMOBILE LIABILITY Podily injury $250,000 $500,000 Each person Each accident ^-operty Damage $1001000 Each accident A. In addition to the insurance described above, the Contractor shall cbtain at his expense an OWNER'S PROTECTIVE LIABILITY INSUPANCE POLICY naming the City of Denton as insured with the following limits: BODILY INJURY PROPERTY DAMAGE $100,000 each person $100,000 each accident $300,000 each accident $100,000 aggregate Covering the work to be performed by the Contractor for the City of Denton. B. The contractor will furnish the Owner's Protective Policy descriled above and execute the Certificate described on the following page to the City of Denton for its approval. Tnsurance must be accepted before commencing any work under the contract to which this insurance applies. CI - I 0024b CERTIFIC,kTE OF INSURANCE THIS IS TO CERTIFY that the folluwing policies, subject to their terms, conditiuns and exclusions, have been issued by the company or cumpanies shown below: THIS CERTIFICATE OF INSURANCE neither affirmatively or negafvely amends. extends or alters the coverage afforded by the policy or policies shown below, nor is it an endorsement making the person, Firm or corporation it whose req+tect it js iistted: + additional insured on the policy or policies relened to herein. In tile event of any material change in or cancellation of the policy or policies, the company or cumpanjes sill mail ten (10) days' written notice to the party to wfiom this certjtkate is addressed. NAME AND: OORESS OF PARTY TO WHOM CERTIFICATE IS ISSUED DATE: 1- 7REMARKS 05116183 City of Denton Bid li 8109 { 215 E. McKinney Denton, TX 76201 f Attn: John J. Marshall, C.P.M. J L Purchasing Agent 1 NAK.E AND ADDAEas Ur iNSUREU: Jay-1'1r2/t Conpo,'ta#,ion, Inc, 1819 Dann GA pev.ine, Texas 16051 - Policy Effective Inwnxa Company Type of I muranea Expiration LIMITS OF LIABILITY' Number pate pate Standa4d Fuze Workm,na Compensation` 18CB21359CPS 10/01/82 10101183 Slatutory Texas In6tvtanCe ('011patt0 Employers Liebih;y Employers uiab:lity Limits-SiOU,t`AO_ Comprehensive Bodily Injury Aetna CazuoL'_y & General Liaoilirr 18TIIP39400FC182 10101183 Suitety s 0, 000 E ach Occurre ce Aggregate F,cducts S & Comp(et rd Operate ms! Property Damage g 100,, 0x00 Each Occuner ce _ S rUU U AO~e Operations $ _ _Aggregate Protertive_ i $ Aggregate Cantractual~ j . 9rregate ✓rooucts _-7-~ S 100,000 S Completed Op nan09 Comprehensive I W Bodily Injury Atttomo6.cfe. Ir man 1.utomobireLiabOity" II' s 250,000 Each Person Co. 06 HoAt6ond 184427896CF'11f 10101182 + 10101/83 $ 500,000 Each Occurrence I I Property Damage 100a 000 Each Occurrence III I I II I - I R I 'Absence of any appropriate entry means no such insurance is in fo•ce. N.L^J lSD kD )RESS OF AGENCY "Covers all owned, r~o.t-ovmed or heed vehicles. I tJ.Iveh6i61ec{ InawuuTCe SeAvieeb, Inc. 1516 Stemwn6 Fheeway I CavLottton, Texa.6 75006 214-9d9-tf5?1 Divemi6ied Inwance Se)tyteeb, Inc. _ PHONE titl:fd EP._ OF 1,C- ICY Authorised meoresentatrvcs of the Insurance Companies referred to above. CT-2 I 1 BID #9109 PROPOSAL TO THE CITY OF DENTON, TEXAS For the Construction of PECAN CREEK DAM IN DENTON, TEXAS The undersigned, as bidder, declares that the only person or parties 'interested in this proposal as principals are those named herein, that this proposal is made without collusion with any other person, firm or corporation; that he has carefully examined the form of contract, Notice to Bidders, _ specifications and the plans therein referred to, and has carefully examined the locations, conditions, and classes of materials of the proposed work and agrees that he will provide all the necessary labor, machinery, tools, apparatus, and other items incidental to construction, and will do all the work and furnish all the materials called for in the contract and specifications in the manner prescribed therein and according to the requirements of the City as therein set forth. It is understood that the following quantities of work to be done at unit prices are approximate only, and are intended principally to serve as a guide in evaluating bids. It is agreed that the quantities of wor); to be done at unit prices and material to be furnished may be increased or diminished as may be considered necessary, in the opiniou of the City, to complete the work fully as planned and contemplated, and that all quantities of work whether increased or decreased are to by performed at the unit prices set forth below except as provided for in the specifications. It is further agreed that lump sum prices may be increased to cover additional work ordered by the City, but not shown on the plans or required by the specifications, in accordance with the provisions to the General Conditions. Similarly, they may be decreased to cover deletion of work so ordered. P - 1 # 9109 It is understood and agreed that the work is to be completed in full within thirty (30) working days. Accompanying this proposal is a certified or cashier's check or Bid Bond, payable to the Owner, in the amount of five percent of the total bid. It is understood that the bid security accompanying this proposal shall be returned to the bidder, unless in case of the acceptance of the proposal, the bidder shall fail to execute a contract and file a performance bond and a payment bond within fifteen days after its acceptance, in which case the bid security shall become the property of the Owner, and shall be considered as payment for damages due to delay and other inconveniences suffered by the Owner on account of such failure of the bidder. It is understood that the Owner reserves the right to reject any and all bids. The undersigned hereby proposes and agrees to perform all work of whatever nature required, in strict accordance with the plans and specifications, for the following sum or prices, to wit: Major Bid Quantities 1. Item 100 Prepare Site Lump Sum $ y U 0 , 00 2. Items 110,132 r & 400 Excavation 75 Cy @ 2 OO$/CY 2 . 1 O 0 , 00 3. Items 420 & 421 Concrete 200 Cy @115.00$/CY'3s, 0DO-op 4. Items 404 & 407 Sheet Piling 12" wide "lockgrip Edge" 1/2" thick 480 LF @ 26. 60 $/LF r 2_ 7~~iV0 5. Item 432 Rip Rap 10 CU @ ?!'.00 $/CU 7 5~~, OU 6. Item 440 Reinforcing Steel Wire Mesh 2500 SQ/FT@ CEO $/SF_ 2~ S'00.00 TOTAL BID CONTRACT $ S y UO P-2 BID SUMMARY # 9209 TOTAL BID :RICE IN WORDS FTV /✓E Tt/Ov A Alva F/YE /1 ./v AV ,60 /C, Ei✓ G In the event of the award of a contract to the undersigned, the undersigned will furnish a performance bond and a payment bond for the full amount of the contract, to secure proper compliance with the terms and provisions of the contract, to insure and guarantee the work until final completion and acceptance, and to guarantee payment for all lawful claims for labor performed and materials furnished in the fulfillment of the contract. it is understood that the work proposed to be done shall be accepted, when fully completed and finished in accordance with the plans and specifications, to the satisfaction of the Engineer. The undersigned certifies that the bid prices contained in this proposal have been carefully checked and are submitted as correct and final. Unit and lump-sum prices as shown for each item listed in this 'proposal, shall control over extensions. ThY7!49A 2 C_OKPOPAT /DlV CONTRACTOR BY PlIallA _41- re hl /&.--s _y/cE /~QFf/pf/v7' f k~ r p y/y~v ~ r Street Address jRAOic- VinIE rf X . 6 oy / City and Stater Seal & Authorization (if a Corporation) Telephone -2) vjF-l -z~13 P - 3 MERCHANTS MUTUAL BONDING COMPANY • DES MOINES, IONVA POWER OF ATTORNEY Krww All Men By new Resents, that the su situs~fs sat it Ai unslws(, tustpsss. a xnrpor:dlon duly organized under the laws of the State of fowa, and haling its prinopal ufhce in the City of Drs Moines, Ctwmty of folk, Stare of lu'Aa, path made, constituted and appointed, and does by these present, make, constitute and appoint John C. Yancey and/or Donna Stevens and/or Earl Stevens of Grapevine and State of Texas its true and law fit[ Alnwney-im Fa:t. with full power ani authority hereby conferred in its name, place and stead, to sign, execute, a, know ledge and delver in in hehalf :is surety: Any and all bonds or undertakings, provided that no bond or undertaking executed under this authority shall exceed in amount the sum of Fl'c HUNDRED THOUSAND ($500,000.00) DOLLARS and to hind the MERCHANTS MUILIAL BONDING COMPANY thereby as fully and Io the same estenl as if su:h hind or undertaking was signed by the duly authori zed officers of the bIF.RCHANIS MU IUAL BONDING COMPANY, and all the arts of sad Attorney, purstcrnt to the aulhow) herein giscn, are hereby ratified and Confirmed. This Fuwcr-of-Attorney is made ai:d executed pursuant to and by awh,,rily of the fol!owing Ry l.aw adoprcd by the Board of Director of the M h:RCHANTS MUTUAL RON DING C( IMPANY. ARTICLL 2, SECTION SA. --ihe Charim.in of t!Ic Board or Resident or any Vice Resident nr Senetary shall base fwrwer and authority to app,inl Attorneysin-Facl, and to authorize them to execute tin behalf of the Cornpany, and .:tt.wh the Sea] of the Company thereto, bands and undertakings, recogniz.inces, contrails of indemnity and other writings oNigatoiy in the nature thereof." nN'iiwssH'he•ns,f.AlfRCI1:1VIS\11L'.M.Bf1N'1INliO1y11':1N1hasuu14dhew•pre,e❑I,fah',IgK•dh,it.V'Ise}Yesidrrb,,and so,ifxware seal n, ht hen•u,affixed. this 18th day of June 1 IF , tv 82 Anent; fs11iRCFIANi:S MUTUAL. BONDING COMPANY . Pao'. y~ f' 4Y_ % J ••~rMES•' y1 STATE OF IOWA ~•6,'~iV ANda•' COLfN[YOFPOLK } ss. Onthis 18th day of June ,1982 be Fore me appeared \II Itmgand R'illiamN'amcr,tonxprrsmaltyknown,whohcmgbymeduk+womdid,aythatthe) art' Yia•the+iskm+nsp+ctoelysfElie MAIL 'II,%% VS IIIUAL BONDING CO\IPANY, the cogvwurion descried inEhe fon•gring inutnunent, anilthat the Srd aflixed ro the+.rid indrunx•nt i+the Corjs+rate $c•alufthe said QwTxwjtirr and that the said inelrums•ni was signed and su'aleJ in hh;df of said Corli,-ration h° authanq 01 its Hoard of DIrnkw+. In Testimrroy Whereof, I base hcretmk, set my hand and affixed by Official Sc;d, at the City of Ocs Moines, Iowa the dray and year first above written, a nr,y n o4 go , • ``"r.~C~/f/e~C~ • v • ~ . x6rv 1'uxL. Pi J4l nuns 9/ a IOWA 30 82 00 tP as STATE OF IOWA ' ~Rf AL 5 'a C'OUN'FY OF FIIIX } ss. ••x''•'•9•'40• L 1t 1. Long. Vise 1 resident of the MF:RC'N.ANTS Ml'rUAL BtyNfliNG COhIF'ANY', a, hercl~+T4~~A~ia~~•y•~fs , arnl foregoing is a true and wrrI copy of the YON'FF; OF AI'lORNI.N. executed by said SILRCH:1.1~v1t) ldfti(7 Cf~~Y:1NS', which is still in force and effect. •tptPOq'•; In In Witness Whereof. I have hereunto set my hand and affixed the seal of the Company, at is this 16 day of May 19.83 s' a This power or attorney e spire s ---December 31 ! 1983 Na!4 41, ;[[.I'HF 55 'il .;iN r COMPANIES AFFORDING COVERAGES IS I& STEIWACki 1'RM1Y9 rMT1t 0 A Ilt be4 Cal tkeCtrf%49_~--- - CMl1CIllTOK T><7M ?M6 Ott B TEE. NM 1214) 90-'OM 10 11 AN P CL`lS bf N It I-r W.j 01 PtAtOn rr.ul fill' East IdevAIV S-tuet a •aNr D tv-A t", Tex" 76101 r P Urr[A IS Is fo cert!y !rat pp ca, of ,r;,ra -.~s'ed be :+w ha :e bed- ss~°ltn tl`airce~ra m,•ja!r.e a-d ale In lorce a!thstnie N.rw.trssa-C~rga^y reirrement terror condd'on of ary contract o, Dt~ef doa,rnE I n h rLsfxct to ^i-,ch ;r ; [oCFC9te r ay to -5s ad or may pEria n, tie ins_rance a0orded oy tl+e po':cE s teiv bM, rve,n is cltject to all the ,"S. e.clcslcns and cot.+l Drs of s.~.n poSnes. rr Ltmlts of Lfabdity fn Tho usanOS (~60j 1 .1 PL 1 I ar F A II AGGACGArI IX CHRE N-F GENSRAL LIABILITY - _ ~ PUE LYIN!,IP% S JfI-PELF rr r,'-~. 4 T -[I ,`•r- PROFE v fq`n lr t S F~ LC4 r N[ r. ill f:.r n ,IAilrn, f eo ~PHJDJI iti N ,n: lr!F< I I JAI) HCLIY IN IWO AVC F-1 NrH4.r L rq'Pe •.,E FPOFERI Y[IAY4i-J S ~fRCall rC4 r FP,jII,'r NED fANA r,F rr'' EFEN[rNt nr,IHA, rr;uti ONA, F(IIq. P, IL IN JUP: S AUTOMOBILE LIABILITY - Pnr. LY ~n+.r a r 'F\NPf HC,, I,f'.F yr Fr,r.,r - 8Jp4y lir!I,IRY a (1Nr,G EACH ACr:I ICNT I L.1 L.It(11 -FIN`j P!RTr D-,N,ap[ { L I ODIL Y Ir, rullr Ylf N[I F RCA'[ PT I [ Id f. N'D EXCESS LIABILITY BPDI'. Y I', rf,IP. A%r U rnPREI,A frdw r rRpfi Rrr CA'A'6r ti t l!IU[R rHAN fl ul Lln I..!:, iI%F lI r orre WORK ERS'COMPENSATION MI ,r:0 and EMPLOYERS' LIABILITY r 01HER OCCUMCE AO IMAn: A *SEE BEi(W 1=PC0431CCA ?5/11/f4 g3 340 340 t~ )(SCRIPr KEN OF OPF Aq NUNS'LfX.',i IONS VEr I'4) c5 00*tfU and C*ntuctom Plevt"tleve LZet'rkl uy 00 tAfietat#Jaq-dViu Catp,, Ine,]Ud tf 109,F(LAdMt OxdeA 51113-Pecan GtetJe flan Cancellation: Should any of Inc, above described policies be canceled before the expiration date thereof, the issu;rg C^m- pamy will endeavor to mail -I#- days written notice to the below named certificate holder, but failure to mail such notice shall impose no obligation or I abd ty of any kind upon the company. Nf WE ANO Ar'L PF SS OLr CF Rr of IC ATE HDL Of9 CLty 01 VtAtIM DATE i1i FRbt f(cXbmy St4W. Otuton TeYtAtf1 76l0f (ntvvtlat¢terf Ind -1A~~ ,ORD 2 511 79) ®`:~~1/191 ~ (4821 L 7 E XAS UINGO OPERATOR'S QUARTERLY REPORT ,nrreread if AfvcdonranrurlY •T'fPE OR PRINT s WRITE ONLY IN WHITE AREAS 7. R+nortlna quarter - 1, alnao license number . ~ i,~1 •1rt;bn. - Mar.) -3rd (Jul, • Sept) 3 0 (V J1 .2nd (Apr. • Juna1 ~ -4th (Oct. • D•cJ a Organization name and m[ling addrms SAP '!AL NQTE You Muir rend eoplea of thin "Dort and recetaory rcheduGtt to the jt,~-, - appropriate 8oaem1n2 body and to I the office of the Attorney General. (See instructions on rcrene t(de) - GROS'a RECEIPTS 5 j / e,f) 5. Sale of bingo cards 6. Sale of bingo supplier 6 7. Sale of food and beverages B. Gross rent from otherbi-lgolicensees 8'------ 9. Other f1' l t ' 10. TOTAL GROSS RrCEIPTS(Total ofltems5-9)_--_----------._-_----- --'.0 EXPENSES (Af rach "7)et % Schedule of Bingo Expenses", Form 19.102) 11. Salaries and wages paid to bingo personnel 1 t. - - - 12. Rent or most" payments 12' 13. Bingo supplies and equipment purchased - - - - - - - - - - - - - - - - 19_------------------ 14. Food and leverages purchased for sale at bingo games _ 14- 15. Merchandise purchased for bingo pi Izes - - - - - - - - - - - - - - - - - - - - - - - 15.__•_--- '6. Other bingo related expenses 17. TOTAL EXPENSES (bfust be the same as Item 9 on Form 19-102) _ - - _ - _ - - - 17• ` 1B- CASH PRIZES AWARDED (From Item 10 on "Texas Schedule of Bingo Prizes, Form 19•!03) 1T/ 19. L_ NET PROCEEDS (Item 10 minus Item 17 and Item 18) ENTER THE NUMBER OF PAGES OF EACH SCHEDULE INCLUOEO WITH THIS REPORT 20. "Tex is Schedule of Bingo Expenses", Form 19.102 - _ _ - _ _ _ - - _ _ _ number of pages attached 21.'Texiis Schedule of Bingo Prizes", Form 19.103 - - - _ - _ _ - - _ _ _ - - number of pages attached 22. "Texas Schedule of Distribution of Bingo Proceeds", Form 19.104 _ _ _ _ _ _ number of pages attached I declare that the !nrormeition in th;e document and all attachments is true and correct to the beat of my knowlodge end belief and I certify thnt copies have been sent to the appropriate governing body and to the Texan Attorney General, Jae of aaoorlrad "nt,,7 to prrnl/ Title oi, r. 1j ~ r• ~/ran ~ ft.~i 4 J, l ll • t ec r,, - ~~uth orlt~nt nonr number Data - i Complete this report and all 808 BULLOCK required schedules and mail to: COMPTROLLER OF PUBLIC ACCOUNTS Capitol Station - Austin, Texas 78774- i4.1a2 L Do not write in the space above TEXAS'SCHEOULE OF BINGO EXPENSES To be filed with the Texas Bingo Operator's Quarterly Report (Form 19-101) Page 1. Bingo license number 2. fieporting quarter -~9. C7ooD//9 184)g ~~/GG` Je e. !I(rh /1~ RAL L 4. Name of org nization - Please read instructions Vr tv on the reverse side List each item of bingo related expense paid durirg the reporting quarter and provide the Information requested. Group the expanses into the six categories that correspond with the items of expense lined in she "Texas Bingo Operator's Quarterly R~porf Iltern numbers spee,fied). Total each category • Salaries and wages paid for bingo personnel (item 11) • Rent or mortgage payments (item 12) • Bingo suppli n and equidment or 'chased Want 13) Food and beverages purchased for sale at bingo games I Item 141 • Merchandise purchased for bingo prizes (Item 15) • Other bingo related expenses (Item 16) DO NOT INCLUDE BINGO PRIZES AWARDED Icesh or merchandise) OR CONTRIBUTIONS FOR CHARITABLE PURPOSES. .VOTE: The total of all raprnara f4tcd In WE eChedult mwt reual the amount rrlrorted in Item 17 of the stuarterly repcrt C'ar odditfonot achedole paers It necrseory. T- DESCRIPTION OF ITEM OF EXPENSE Al'E OF PAYMENT 6. AMOUNT r NAME AND ADDRESS OF PAYEE OR SERVICE RENDERED E~H T - - 9. TOTAL OF ~ Combine the dotal of Item 9 on all tapenae schedule pager and ender the combined dotal THIS PAGE in Item 17 of the Bingo Operator's Quarterly R, pWL °~lsrso.s A: lea) • Do na; write In the space above TEXAS•SCHEDULE OR BINGO PRIZES To be filed with the Texas Bingo Operator's Quarterty Report (Form 19-101) Page-t! of { Binge license number 2. Reporting quarter 3. 4. Name of prgmtartlon Please read rse HOna ruc 2 G ~ ~ on the reevere si side List each occasion on which bingo games were conducted during the reporting quarter and provide information requested. PRIZES AWARDED FOR EACH OCCASION (cash and merchandise) CANNOT EXCEED $2.500. DO NOT INCLUDE ANY O-rHER EXPENSES OR CONTRIBUTIONS FOR CHARITABLE PURPOSES. .VOTE. The Iota! of al! rash prizes awarded fisted in this schedule (Item 10} must equal the amount reported is Item 18 of the quarterly report. L'se additional schedule pages if necessary. - S. DATE OF 6 NUMBER OF GAMES PRIZES AWARDED - r- . - - BINGO NO. OF 7. 8. 9. 10 'PURCHASED, 13. -TOTAL OCCASION PLAYERS REGULAR SPECIAL TOTAL CASH ~ PURCHASEDI DONATED ICostl IRetad value! Pg T Utamsl0 -121.... 2 6v I c- C. ` 1~ ! iJ IE 1y. e 41 91 _ _ 13 - 111 I . 15 16 - { 17 18 L 19 } 20 f- - r- ` 21 I - _ ~ 22 1 23 24 i 25 26 27 28 30 31 32 33 34 35 76 39 37 38 - - 6~> 7 8. 9. SOr r 11. 12. E { TOTALS ! C{ Combine the total of Item 10 on all bingo prize schedule pages and enter the corabtned lofaf in Item 18 of the Bingo Operators Quarterly Report ese1~ c'f 19. 1 C; 4 Q ~ (e-!2) L Oo not write in the space above TEXAS.SCHEDULE OF DISTRIBUTION OF BINGO PROCEEDS Page-.L--,Of-- To be filed with the Togas Bingo Operator's Quarterly Report (Form 19-101) 2 eDCr 1. bingo license number . R tiny quarter .30C ell~'Jr 4. Namv of orpml:acton Pease reed ertruttlonr ~rF.lW 1 2-2c ~ On the reverse tide. List each distribution of net proceeds made during the reporting quarter and provide the information requested. ALL NET PRO- CEEDS MUST BE USED ONLY FOR "CHARITABLE PURPOSES" OF THE ORGANIZATION WITHIN THE STATE OF TEXAS. Proceeds may not be usM to txlpport b; obpose a candidate(s) for public o'fice or any measure that is submitted for a public vote. Use additional schedule pages if necessary. 5 DATE OF T - AMOUNT T. NAME AND ADDRESS OF PAYEE PURPOSE OR USE OF PROCEEDS DISTRIBUTION ~ - t t PTALCFTHISPAGE Enter the rombined Iota/ or trern 9 on ell srheJure payer in Rem Q below. UNDISTRIBUTED NET RRgCEEDS 10, Net proceeds on hand beginning of this quarter (From Item 14 on previous quarter's schedule) , S------------- 11. Net Proceeds earned during this quarter (From Ite.77 19 on this quarterly report) • • • . • 12. NET PROCEEDS AVAILABLE Z5 n (Item 10 plus Item 11) 13. Net proceeds distributed during this quarter (From Item 9 above on this schedulel • • . • • • • - • • • . • • • - - 14. NET PROCEEDS UNDISTRIBUTED AT END OF THIS QUARTER L (Item 12 minus Item 13) 1_.-- rill J~ll Oj L c - 2 0 & MAY 2 4 1983 i i a ~ ~ ~ S THE SOUTHWESTERN COMPANY sorm+vwa►nww SURETY BOND WHEREAS, 'rry} tvCtrd Col^ and ~M_ Mori re e- desire to act as peddlers in the City of en~'% State of 're~A and WHEREAS, The Southwestern Company of Nashville, Tennessee may benefit from ~c/warc (~ryt f ~'a and _ T~kmix ~Un rpe 'a actionll as peddlers; and WHEREAS, the City raquires certain guarantees before it will allow Edward (or e and 0A-,& UU Q to act as peddlers within its limits; NOW, THEREFORE, The Southwestern Company agrees to indemnify and hold harmless the City from and against all unlawful acts undertaken by r ~ and _110-As y~ 1' ~u TZ- -in connection with sale of books and merchandise published by The Southwestern Company in an amount not to exceed a total of One Thousand Dollars ($11000.00). This Agreement sl.xll remain in effect until the end of the calendar year in which it ie executed. SIGNED, this . day of _ (neckr) ~(Dnkr) Uleakr) THE SOUTHWESTERN COMPANY ATTEST: Id. 7% By 9 Z4#4~2 Pre:ldent C?iatrman LAW O«ICES MCCALL, PARKHURST & HORTON .Oesr N. MCCALL 900 DIAMOND SHAMROCK TOWER LAUL Il. MOATON 'tie IT M, TART DALLAS, TEXAS 75201-6567 Rol M. ro~NSEn JOHN D. MC CAII (1991-1961) RICHARD C. AO ATE. AREA CODE 214 746-9501 MILLARO RARANURST (1906.191] ANGELO R. RARECA CLAACNCC E, C90WC(1001 1961) O.CHARLES R0901SN TELE000IER :IA 760-7019 .CNNCTM E. 101 MART LGROVES J, NICHOLSON MCINOL JOHN W, RUOOTTOM JEEIAET A.LEUSCNCI THDMAS R. 9VyRGEON L E 6A'ElOLARA'W May 25, 1983 Ms. Pat Vega RepublicBank Dallas MAY 2 8 1983 P. 0. Pox 225961 Dallas, Texas 75265 Dear Ms. Vega: City of Denton General Obligation Bonds, Series 1983, $4,742,000 we are enclosing herewith for your files the transcript of proceedings authorizing the issuance of the captioned Bonds. Sincerely yours, McCALL, PARKHURST & HORTON ~7 Paul 1-, Horton PBH:k Enc. 1' q i Co. PERTAINING TO CITY OF DENTON GENERAL OBLIGATION BONDS' r SERIES ].983 $4, 7421000 t' e r'• . 4 r ~ r ° y y' t" r" ra t 1 4 , ,%a a 1 A r . A~ ,^b.. r J `t •l{~~7 ' a.i 11 lj t ' a% r r }a.7 r J i y : 1 r y L Ya •i: " ,r 4 ~ J r t t I ~ r ~~L, r r 7i~ '.F i 1 _ , , ~ ~ "'''88888 V, ' 4• t ~ 1 1 I r 'Q , / V. f ~ k ~ L,t ~~~~r I r 1 _ t h 4 1 f ~r?,1 1 f t 14 t ✓'7 ' } a r ~ t~ t ~ r~r r 'r o6 "r r " r s.. LAW~b0ir'ES MCCALCL; 1-ARfCH1,JMS & HORTdN y 1 a 9 • _S y 10616 DIAMOND SHAH ROCK TOWyER 6ALIAs `TEXAS 7$2 . F a CITY OF DENTON GENERAL OBLIGATION BONDS, SERIES 1983, $4,742,000 I i ti TRANSCRIPT OF PROCEEDINGS WITH DELIVERY PAPERS 1 E li 4 E F 11 t r CITY OF DENTON, TEXAS (Denton Oomaty, ?stas) f i i I $4,742,000 GENERAL OBLIGATION BONDS, SERIES 1983 Selling Tuesday, March 22, 1983, at 7:00 Pill, CST NOTICE OF SALE AND BIDDING INSTRUCTIONS ON $4,742,000 CITY OF DENTON, TEXAS (Denton County) GENERAL OBLIGATION BONDS, SERIES 1983 Selling Tuesday, March 22, 1483, at 7:00 PM, CST THE SALE f Bonds Offered for Sale at Coetiti_ve - iddin.. The :ity of Denton, Texas (the "City"), is offering for sale its 3d,1d2,000 General Obligation BLI.ds, Series 1983 (the "Bonds`). Address of Bids Sealed bids, plainly marked "Bid for Bonds", should be addressed and delivered to "Mayor and City Council, City of Denton, Texas", and delivered to the City Council Chamber, City Hall, 215 E. McKinney Street, Denton, Texas, prior to 7:DO PM, CST, on the date of the bid opening. All bids must be submitted on the Official Bid Form, without alteration or interlineation. Place and Time of Bid Opening . The City Council will open and publicly read the bids for the purchase of the onds at the City Council Chamber, City Hall, 215 E. HcKinney Street, Denton, Texas, at 7:00 PM, CST, Tuesday, March 22, 1983. Award of the Bonds The City Council will take action to award the Bonds (or reject all bids) promptly after the opening of bids, and adopt an Ordinance authorizing the Bonds and approving the Official Statement. THE BONDS Descri tion The Bonds will be dated March 15, 1983, and interest coupons will be due on March 5, 984, and each September 15 and March 15 thereafter until the earlier of maturity or prior redemption, The Bonds and interest coupons attached thereto will be payable at the Texas American Bank Fort Worth, N.A., Fort Worth, Texas, or, at the option of the holder, at the First State Bank of Denton, Denton, Texas. The Bonds will mature serially on March 15 in each year as follows: Principal Principal Principal Year Amount Year Amount Year Amount TN T-M TOT I`MW TM T70-M 1985 225,000 1992 225,000 1999 250,000 1986 225,000 1993 225,000 2000 250,000 1987 225,000 1994 250,000 2001 250,000 1988 225,000 1995 250,000 2002 250,000 1989 225,000 1996 250,000 2003 250,000 1990 225,000 1997 250,000 The City reserves the right, at its optic,, to redeem Bonds maturing March 15, 1994, through March 15, 2003, both inclusive, in whole or any part thereof, on March 15, 1993, or any interest payment date thereafter, at the par value thereof plus accrued interest to the date fixed for redemption. ( Source of Panan Vt The Bonds are direct and voted general obligations payable out of the rece pts ra ad valoren tax levied, within the limits prescribed by law, on all taxable property located within the City. CONDITIONS OF THE SALE ape of Bids d Interest Rates . The Bonds will be sold in one block on an "All or None" basis, and atan a price of not ess than their par value plus accrued interest to the date of delivery of the Bonds. Bidders are invited to name the rate(s) of interest to be borne by the Bonds, provided that each rate bid must be in a multiple of 1/8 of 1% or 1120 of 1% and t he effective interest rate must not exceed 15%. The highest coupon rate bid may not exceed the lowest coupon rate bid by more than 3% in coupor, rate. No limitation is imposed upon bidders as to the number of rates or coupon changes which may be used. All Bonds of one maturity must bear E r m~ t e one and the same rate. No bids involving sup lementai coupons will et considered. Each bidder Chan chaser in I" E wzthdrawS shall state in his bid the total interest Costiin 60 nformative onlytandnnotEa; itpartiofethetbid. ~ same typo and character determined thereby, which shdll b laws, either by ruling o shall be declared taxat Basis for Award For the purpose of awarding the sale of the Bonds, the interest cos o income taxes, by the ter SS bid will be computed by determining, at tie race or rates specified therein, the total ceIlll ar eotice of Sale and Bidd cost of all interest on the Bands from the date thereof to their respective maturities, using the table of Bond Years herein, and deducting therefrom the premium bid, if any. Subject to the City's right to reject any or all bids and to waive any irregularities except time of filing, the Bonds will be awarded to the bidder (the 'Purchaser 1 whose bid based on the above Financial Advisor's Ril computation produces the lowest net effective interest cost to the City. reserve, the right tr b, able Good Faith ~D,e~osit ..isA Good giedait5u0hpGood.Faith Dep~ ittshalilbe in thetform ofzasCashier'rs 1 Blue Sky Laws By sub amount or >ya+9+ In states other than Tez: Check, or its equivalent, which is to retained urcashed by the City pending the Purh Good necessary, the Purchaser and Bidding Instructions. The e Good states in which the Bonds compliance with the terms of his bid and d the NotIci of Sale Faith Deposit may accompany the Official Bid d Form Form or it may be submitted separately. If and shall be accompanied by inlstrbe made available to uctions from the bank hon prdrawnior autho rize its use das at the ioPur lhas is rat exempt a Good Faith Deposit by the Purchaser wto shall be named in such instructions. The Good Faith Deposit of the Purchaser will be applied on the purchase price on the date of delivery of the Not an Offer to Sell Bonds. No interest will be allowed or, the Good Faith Deposit. In the event the Purchaser ~t onds, but is rereTnott should fail or refuse to take up and pay for the Bonds in accordance with his bid, then said $ Statement of Pthe ros oecltivei check shall be cashed and accepted by the City as full and ccrrlece liquidated damages. The p checks accompanying bids other than the winning bid will be returned immediately after the bids ~ determine the investment are opened, and an award of the Bonds has been made. Issuance of Additional DELIVERY OF THE BONDS AND ACCOMPANYING DOCUMENTS authorized but un Ssued Printed Bonds The City will furnish printed Ponds which will be executed by the facsimile Retinas The outstanr, s gnatures o the Ycyor and Secretary of the City, and by the manual signature of the COmptr-oll- Investors Service, Inc. er of Public Accounts of the State of Texas. The Bonds will be in coupon form without privilege ratings on this issue ha of registration as to principal or interest, their determinations wil CUSIP Numbers It is anticipated that CUSIP identification numbers will b? printed cn the Municl al Bond Insurance Bonds, but neither the failure to print such number on any Bond nor any error with respect ante, an the urc aser n thereto shall constitute cause for a failure or refusal by the Purchaser to accept delivery of the Purchaser. and pay for the Bonds in accordance 0th the terms of this Notice of Sale and the terms of the The Official Statement Official Bid Form. All expenses in relation to the printing of CUSIP numbers on the Bonds shall the Official tatement (a be paid by the City; provided, however, that the CUSIP Service Bureau charge for the assignment piece except as to intere, of the numbers shall be the respons',bility of and shall be paid for by the Purchaser. Purchaser may arrange at Deliv^_r,Y The Bonds will be tendered for delivery to the Purchaser at any bank in Austin, i tf he require.: ran than and pe Texas, at the expense of the City. Payment for the Bonds must be made in immediately available i h for ucOmPl,Won ires.more Y the City. The avail able reflect interest rates an funds for unconditional credit to the City, cr as otherwise directed b esp: will given six business days' notice of the time fixed for delivery of the Bonds. It is The these City copies assumes any no r one o anticipated that delivery can be made or. or about April 26, 1983, and it is understood and agreed that the Purchaser will accept delivery and make Payment for the Bonds by 10:00 AM, CST, Additional Co tes of Noti on April 26, 1983, or thereafter an the date the Bonds are tendered for delivery, up to and of this Not ce of~le to May 10 extend , his 1983. offer for any reason the City is unable to make delivery an )r before May $ Statement, as available o chaser Including 10, 1983, then the City shall immediately contact the Purchaser and offer to allow the Pus- First Southwest Company, r for an additional thirty days. If the Purchaser doe, not elect to First Financial Advisor extend his offer within six days thereafter, then his Good Faith Deposit will be 75201 Fi returned, and both the City and the Purchaser stall be relieved Of any further obligation. In no event shall The City reserves t'e rig the City be liable for any damages by reason of its failure to deliver the Bonds, provided such of filing. failure is due to circumstances teyond the City's reasonable control. Conditions to Delivery The obligation of the Purchaser to take up and pay for the Bonds is M On the date of the sale, t Bonds, app rove the form ri subject Dallas the Purchaser's receipt of (a) the legal opinion Of Messrs. McCall, Parkhurst & Bonds, thereto, and al amendment ,~J s Horton, , Texas, Bond Counsel for the City ("Bond Counsel"), itigation certificate, and (c) the certification as to the Official Statement, al (lb) as the no-furtherlitg ion in the Official Statement. ATTEST: { Legal 0 inions The Bonds are offered when, as and if issued, subject to the unqualified CHARLOTTE ALLEiI egall opinion of the Attorney General of the State of Texas, and Messrs. McCall, Parkhurst & City Secretary Horton (see Legal Opinions in Cfficial Statement); the opinion of said firm will be printed on the Bonds. ~ March 4, 1983 Certification of Official Statement At the time of payment for and delivery of the Bonds, the City will execute and deliver to the Purchaser a certificate in the form set forth in the Official Statement. Y {l k y F bidder Change in Tax Exemmpt Status At any time before the Bon's are tendered for delivery, the t rate e b may withdraw his bid if the interest received by private holders from boats of the id. same type and character shall be declared to be taxahle income under present Federal Income tax of each laws, either by ruling of the Internal Fevenue Service or by a d!cision of any Federal court, or dollar shall be declared taxable or be required to be taken into account in computing any Federal intone taxes, by the terms of any Federal income tax law enacted subsequent to the date o~ this t~tosing Notice of Sale and Bidding Instructions. the filing, e above GENERAL Financial Advisor's Right to Bid First Southwest Company, the City's Financial Advisor, in the reserves the right to bid on the Bonds. ashier's Blue Sky Laws By submission of his bid. the Purchaser represents that the sale of the Bonds chaser's in states other than Texas will be made only pursuant to exempti(wls frcvn registration or, where e Good necessary, the Purchaser will register the Bonds in arcarda.ice with the securities law of the Y. If states in which the Bonds are offered or sold. The City agrees to cooperate with the Purchaser, he bids, at the Purchaser's written request and expense, in registering the Bonds or obtaining an s use as ` exemption from registration in any state where such action is necessary. Faith Y of the } Not an Offer to Sell This Notice of Sale does not alone constitute an offer to sell the urchaser fonds, but is merely notice of the sale of the Bonds. The offer to sell the Bonds is being made en said by means of the Notice of Sale and Bidding Instructions, the Official Bid Form and the Official s. The Statement. Prospective purchasers are urged to carefully examine the Official Statement to the bids determine the investment quality of the Bonds. Issuance of Additional Bonds After the issuance of the Bonds, the City will have no authorized but unissued General Obligation Bonds. ` acsimile Ratings The outstanding General Obligation Bonds of the City are rated "A I" by Moody's nptroll- Investors Service, Inc. and "A+" by Standard & Poor's Corporation. Applications for contract rivilege ratings on this issue have been made to both Moody's and Standard & Poor's. The results of their determinations will be provided as soon as possible. d on the Munici al Bond Insurance In the event these Bonds are qualified for municipal bond insur- respect t ante, and the urcho~rr,desires to purchase such insurance, the cost therefor will be paid by livery of } the Purchaser. of the ds shall The Official Statement The City will furnish to the Purchaser, without cost, 50 copies of ssigrvnent I the Official Statement (and 50 copies of any addenda, supplement or amendmer thereto}, com- plete except as to interest rates and other terms relating to the reoffering of the Bonds. The Purchaser may arrange at his own expense to have the Official Statement reproduced and printed Austin, if he requires more than 50 copies, and may also arrange, at his total expense and responsibil- available ity, for completion and perfection of the first or cover page of the Official Statement so as to urchaser reflect interest rates and other terms and information related to the reoffering of the Bonds. s. It is The City assumes no responsibility or obligation for the distribution or aelivery of any of tool and these copies to any one other than the Purchaser. AM, CST, Additional Copies of Notice Sid Form and Statement A limited number of additional copies ,p to and of this Notice of aloe an cling Instructions, the Official Bid Form and the Official efore May Statement, as available over and above the normal mailing, may be chtained at the offices of the Pur- First Southwest Company, Investment Bankers, 800 Mercantile Dallas Building, Dallas, Texas elect to 75201, Financial Advisor to the City. reed, and ent shall The City reserves the right to reject any and all bids and to waive irregularities, except time ided such of filing. On the date of the sale, the City Council will, in the ordinance authorizing the issuance of the Bonds is Bonds, approve the form acid content of the Official Statement, and any addenda, supplement or rkhurst & amendment thereto, and authorize its use in the reoffering of the Bonds by the Purchaser. litigation described RICHARD 0. STEWART ATTEST: Mayor !nqualified CHARLOTTE 14LLEN larkhurst & City Secretary (printed on March 4, 5983 the Bonds, Mth in the i ~r rl I 11 I E M Honorable Mayor and Ci City of Denton Denton, Texas Gentlemen: Reference is made to BOND YEARS March 4, 1983, of $4,7 of which constitute a Accumulated ssue~c Year Amount Bond Years _ Bond Years Year For your legally inl, Official Staterne 1984 S 217,700 217 217 1984 delivery to us, plus a, as follows: 1985 225,070 450 667 1985 Interest 675 1,342 19815 Maturity _ Rate 1986 225,007 3-IS-1984 X 1987 225,000 900 2,242 1981 d 3-15-1985 1988 225,Ofi0 1,125 3,367 1988 3-15-198fi X 1989 225,000 1,350 4,717 1989 3-15-1987 X 1990 225,DOO 1,575 6,292 1990 3.15.1968 X 1991 225,000 1,600 8,092 1991 3-15-1989 % 1992 225,000 2,025 10,117 1992 3-15-1990 X 1993 225,000 2,250 12,367 199 Our calculation (which, 1994 250,000 2,750 15,117 1994 Total Interel 1995 250,000 3,000 18,117 1995 Less Premiu 1996 250,000 3,250 21,367 1996 NET INTEREST 1997 250,001 3,500 24,867 1997 EFFECTIVE IN We are having the Bonds 1998 250,000 10 28,617 1998 1999 250,x)0 4,000 32,617 1999 in the amount of $94,64 (has been made availa' 2000 250,0,0) 4,250 36,867 2000 accordan:e with the ter. Instructions. 2001 2501C40 4,500 41,367 2001 We agree to accept del Austin, Texas, not late 2002 250,000 4,750 46,117 2102 Bonds are tendered for Bidding Instructions. 2003 250,000 5,040 51,117 2003 Respectfully ;ubmitt Averaqe Maturity 10.780 Years The above and foregoing the 22nd day of March, ATTEST: 3 City ~ecr f Return or Good Faith De iv - { C, ~d OFFICIAL BID FORM Honorable Mayor and City Council City of Denton larch 22, 1983 Denton, Texas Gentlemen: Reference is made to yaur Official Statement and Notice of Sale and Bidding Instructions, dated March 4, 1983, of $4,742,000 CITY OF DENTON, TEXAS GENERAL OBLIGATION BONDS, SERIES 1983, bath of which constitute a part hereof. For your legally Issued Bonds, as described in said hvtlce of Sale and Bidding Instructions and Official Statement, we will pay you par and accrued interest from date of issue to date of delivery to us, plus a cash premium of $r_ for Bonds maturing and bearing interest Ir as follows: Interest Interest Interest Maturity Rate_ Maturity Rate Maturity Rate 3-15-1984 3-15-1991 % 3-15-1997 F % 3-15-1985 % 3-15-1992 % 3-15-1999 % 3-15-1986 9 3-15-199. % 3-15-1999 3-15-1957 % 3-15-1994 % 3-15-2000 % 3-15-1988 % 3-15-1995 % 3.15-2001 % i 3-15-1989 % 3-15-1996 % f 3-15-2U)2 % 3-15-1990 3-15-2003 % Our calcination (which is not a part of this bid) of the Interest cost from the above 1s: Total Interest Cost $ Less Premium NEr INTEREST COST $ EFFECTIVE INTEREST RATE % We are having the Bonds insured by I - Check of the Bank, in the amoant of 94,840.00, which represents our Good Faith Deposit (is attached hereto or (has been made available to you prior to the opening of this bid), and is submitted in accordance with the terms as set forth in the Official Statement and Notice of Sale and Bidding Instructions. We agree to accept delivery of and make payment for the Bonds at Austin, Texas, not later than 10:00 AM, CST, on Bank. Bonds are tendered for deliver April 26, 1983, or thereafter on the date the 81Ming Instructions. y, pursuant to the terms set forth in the Notice of Sale and Respectfully submitted, By Authorized Representative ACCEPTANCE CLAUSE The above and foregoing bid is hereby in all things accepted by the City of Denton, Texas, this the 22nd day of March, 1983. ATTEST: City ecretary !!flRf Return of Good Faith Deposit is hereby acknowledged: By } y (,i i OFFICIAL BID FORM Honorable Mayor and City Council March 22, 1983 City of Denton Denton, Texas Gentlemen: Reference is made to your Official Statement and Notice of Sale and Bidding Instructions, dated March 4, 1983, of $4,742,000 CITY OF DENTON, TEXAS GENERAL OBLIGATION BONDS, SERIES 1983, both of which constitute a part hereof. Fcr your legally Issued Bonds, as described in said Notice of Sale and Bidding Instructions a, Official Statement, we will pay you par and accrued interest from date of issue to date of delivery to us, plus a cash premium of $for Bonds maturing and bearing interest as follows: Interest Interest Interest Maturity Rate _ MaturilL Rate Maturity Rate 3-15-1984 % 3-15-1991 % 3-15-1997 % 3.15-1985 X 3-15-1992 % 3-15-1998 % 3-15-1986 X 3-?S-1993 X 3.15-1999 % 3-15-1987 % 3-15-1994 3-15-2000 % 3-15-1988 _ x 3-15-1995-Y 3-15-2001 X 3-15-1999 X 3-15-1996 % 3-15-2002 i % 3-15-1990 3-15-2003 % Our calculation (which is not a part of this bid) of the interest cost from the above is: Total Interest Cost S Less Premium NET INTEREST COST S - EFFECTIVE INTEREST RATE X We are having the Bands insured by _ Check of the Bank, in the amount of 94,840.00, which represents our Good Faith Dtposit (is attached hereto)-or' (has been made available to you prior to the opening of this bid), and is submitted in accordance with the terms as set forth in the Official Statement and Notice of Sale and Bidding Instructions. We agree to accept delivery of and make payment fer the Bonds at Bank, Austin, Texas, not later than 10:00 AM, CST, on April 26, 1983, o~ thereafter on the date the Bonds are tendered for delivery, pursuant to the terms set forth In the Notice of Sale and Bidding Instructions. Respectfully submitted, By Authorized Representative ACCEPTANCE CLAUSE The above and foregoing bid is hereby In all things accepted by the City of Denton, Texas, this the 22nd day of March, 1983. - --War ATTEST: City Secretary RR NCR Return of Good Faith Deposit is hereby acknowledged: - ~l BY i Ih t f i 'r i This Official Statement does not constitute an offer to sell Bonds in any jurisdictlun to any person to whom it is unlawful to make such offer in such jurisdiction. No dealer, salesman, or any other person has been authorized to give any information or make any representation, other than those contained herein, in connection with the offering of these Bonds, and if given or made, such information or representation must not be relied upon. fhe information anf expressions of opinion herein are subject to change without notice and neither the delivery of this Official Statement nor any sale made hereunder shall, under any circumstances, create any implication that there has been no change in the affairs of the City since the date hereof. OFFICIAL STATEMENT Dated .,arch 4, 1983 INTEREST EXEMPT, IN THE OPINION OF FOND COUNSEL, FROM PRESENT FEDERAL INCOME TAXES UNDER EXISTING STATUTES, REGULATIONS AND COURT DECISIONS $4,742,000 CITY OF DENTON. TEXAS (Denton County) GENERAL OBLIGATION BONDS, SERIES 1983 Dated: March 15, 1983 Denomination: $5,000 Principal and semi-annul interest (March 15 and September 15) payable at Texas American Bank Fort Worth, N.A., Fort Worth, Texas, or, at the option of the holder, at First State Bank of Denton, Denton, Texas. First interest coupon due March 15, 1964. Coupon bearer bonds, not registrable. These bonds (the "Bonds"), authorized at an election held December 11, 1982, constitute direct and voted general obligations of the City, payable from an ad valorem tax levied, within the limits prescribed by law, on all taxable property located withir the City. MATURITY SCHEDULE Am 7W Mod Maturity kale Yield $25lqnoun Maturity Rate Yield 225,000 3-15-1985 250,000 3-15-1995* 225,000 3-15-1986 250,000 3-15-1996* 225,000 3-15-1987 250,074 3-15-1997* 225,000 3-15-1988 250.r)o 3-15-1998* 225,000 3-15-1989 250,000 3-15-1999* 225,000 3-15-1990 250,000 3-25-2000* 225,000 3-15-1991 250,000 3-15-2001* 225,000 3-15-1992 250,000 3-15-2002* 225,000 3-15-1993 25O,D00 3-15-2003* * The City reserves the right, at its option, to redeem Bonds maturing March 15, 1594, through March 15, 2003, both inclusi,,e, in whole or any part thereof, on March 15, 1993, or any interest payment date thereafter, at the par value thereof plus accrued interest to the date fixed for redemption. Payment Record: The City has never defaulted. Le alit .Attorney General of the State of Texas and Messrs. AC ar hurst Horton Attorney s a as Texas. 0 infon Prtnted on the Bonds: See Legal gpinions.11 Delivery: Anticipated on or about April 26, 1983 I 1 `f V i I i r i TABLE OF CONTENTS File Cit Council c a rd. Siei official Statement: Mayor . 1 Dr. A. Ray Stel Description of the Bonds 3 Elected officials 3 Mayor Pm-Tem Appointed Officials 3 Alford Consultants and Advisors 4 Joe G. Councilembemember Introductory Statement 5/I " Valuation and Debt Information Ad Valorem Tax Legislation Jack Bartan Non-Funded Debt 7 Councilmember Valuation and Funded Debt History g Taxable Assessed Valuations by Categ(iry Mark R. Chew Estimated Overlapping Funded Debt Payable From Ae Valorem Taxes B Councilmember Tax Rate Limitation a Tax Data B Charles Hopkins Councilmember Municipal Sales Tax Tax Rates of Overlapping Subdivisions " 9 ' 10 Jim Riddlesperg Top Ten Taxpayers Debt Service Requirements " " " Councllmember - 11 Tax Adequacy . - Debt Service Fund Management Index 11 Authorized But Unissued General obligation Bonds 11 Pension Fund 11 General Fund - Statement of Revenues and Expenditures 11 Name Water and Sewer System 12 riZT-fsartun Ponthly Water Rates 12/13 Monthly Sewer Rates - 13 Rick Svehia Water and Seger System Condensed Statement of Operations 13 Authorized But Unissued Water and Sewer Revenue Bonds 13/14 Betty McKea Electric System 14 W. H. McNar Ten Largest Retail Power Customers m Electric Rates 15 Electric System Condensed Statement of Operations 16/20 R. E. Nelson Authorized But Unissued Electric System Revenue Bonds 15 Charlotte Al General Information Regarding City and Its Economy 2I Ratings Tax Exemption 21 C. J. Taylor 2 Registration and Qual{fication of Bonds for Sale Legal Investments in Texas 21 + One year i Legal Opinions and Ho-Litigation Certificate 21 Authenticity of Financial information 22 Financial Advisor 22 Certification of the Official Statement 22 Bond Counsel Financial Statements, September 30, 1992 Enclosure The cover page hereof, this page, the Financial Statements and any addenda, suo)piement or Auditors amendment hereto, are part of the Official Statement. Financial Advisor 1 2 x 1 a . f- L f r i ELECTED OFFICIALS Term Page Cit Council Expires Occu a n on c ar . Stewart 7~1r ~,?~d et re r ne of Mayor 1 3 Dr. A. Ray Stephens April, 1983 History Professor 3 Mayor Pro-Tem 3 4 Joe G. Alford April, 1983 Florist 5 County imember 5/7 Jack Barton 7 Courciimember April, 1984 Lawyer - 7 8 Mark R. Chew 8 Councilmember April, 1983 Insurance Agent 8 8 Charles H kins r 9 Councilme ber April' 1984 Developer/Contractor 9 g Jim Riddlesperger April, 1983 10 Councilmember Retired Political Science Professor 11 ' 11 APPOINTED OFFICIALS 11 11 Name Position Length of 12 f 12/13 Chris Hartung Z` ty anager Ser-FTlears 13 13 Rick Svehla Assistant City Manager 10 Years* 13 Betty McKean Assistant City Manager 13/14 4 Years* 14 W. H. McNary Director of Finance 15 5 Years 1 15 R. E. Nelson Director of Utilitie 6 Years F 15 1 16/20 Charlotte Allen City Secretary 21 2 Years* F 21 C. J. Taylor, Jr. City Attorney 21 3 Years 21 * One year in present positron. 22 CONSULTANTS AND ADVISORS 22 22 Bond Counsel McCall, Parkhurst b Horton • Enclosure Dallas, Texas ipplement or Auditors Alexander Grant b Company Dallis, Texas Financial Advisor First Southwest Company Dallas, Texas -3- 1: -7 INTRODUCTORY STATEMENT 1982 Market Valuatfor This Official Statement of the City of Denton, Texas, a political subdivision located in Denton County (the "City"), is provided to furnish information in connection with the sale of the less Ent ;itlons: City's $4,742,000 General Obligation Bonds, Series 1983 (the "Bonds"). Homestead Over 65 The Official Statement was prepared to present for the purchaser of the Bonds 1nfc-mation Disabled or Decease concerning the Bonds, the revenues (ad valorem taxes) pledged to the Bonds, the description of Agricultural Produc the revenuc base, factors that may affect pledged revenues, and other pertinent data, all as more fully described herein. See "Table of Contents 1982 Taxable Assessed Source of _ ent The Bonds are direct and voted general obligations of the City, payable City Funded Debt Payal out o the rece pts of an ad valorem tax levied, within the limits prescribed by law, on all General Obligation I taxable property located within the City, Article XI, Section 5 of the Texas Constitution, and The Bonds the City's Home Rule Charter, limits the maximum ad valorem tax rate to $2.50 per $100 Assessed Valuation for all City purposes. The total tax rate for the Fiscal Year Ending September 30, Total Funded Debt Paya 1933 has been set by Order of the City Council at $0.51 per $100 Assessed Valuation. Purpose Proceeds from the sale of the Bonds will be used for the following purposes: Interest and Sinking F Street and Drainage $4,182,000 Ratio Total Funded Deb Fire Fighting Facilities 450,000 Traffic Control 110 000 Total P-N'2 P Future Bond Issies After the issuance of the Bonds, the City will have no authorized but un ssu enera ligation Bonds. * Administration of the City The City operates under a Hone Rule Charter which was approved source: North Cenir by the electorate February 24, 1954. fhe Charter provides for the Council-tanager form of Note 1: Pursuant to a government for the City. The Council is vested with the powers to enact local legislation, tution, which became e adopt budgets, determine policies and to appoint the City Manager, who shall execute the laws $26,666 of Assessed Val and administer the government of the City. 3 age. The City also all 3 Taxable Assessed Valua Assessed Valuation of p Note 2: The legislatur mandated an additional F surviving spouse or chi- forces. The exemption amount of Assessed Value disability or whether t Taxabla As-.~;Sed Vaiuat proper exempted unde Note 3: Pursuant to th exempted $12,888,653 of a does not include this am Note 4: The above stater bonds, as these bonds are Bond Ordinance authorizir Electric System Revenue I The Bonds are payable frc The "Property Tax Code- (1 to ad valorem taxation a subject to taxation; prope claimed; the appraisal of and limitations applicab features, the Property Ta, } 1. A single Appraisal 0 S of taxation for all texinc - 4 - 1, 1982. y I e, k VALUATION AND DEBT INFORMATION located in Denton 1982 Market Valuation $1,114,467,466 the sale of the Less Exemptions: ` Homestead $27,107,197 Over 65 24,209,471 onds information Disabled or Deceased Veterans 315,59,; he description of Agricultural Productivity 12,888,653 64,520.917 ent data, all as 1962 Taxable Assessed Valuation $1,049,946,549 e City, payable City Funded Debt Payable From Ad Valorem Taxes: by law, on all General Obligation Bonds (as of 2-1-83) 12,825,000 onstitution, and The Bonds 4,742,000 per $100 Assessed ling September 30, Total Funded Debt Payable from Ad Valorem Taxes $ 17,567,000 iiuation. Interest and Sinking Fund (as of 2-1-83) S 1,334,000 `ng purposes: Ratio Total Funded Debt to Taxable Assessed Valuation 1.67% 1980 U. S. Census Population - 48,063 ' 1982 Estimated Population - 51,3504 Per Capita Taxable Assessed Valuation - $20,446.87 Per Capita Total Debt - $342.10 no authorized but Area - 33.2 Square Miles 4 Source: North Central Texas Council of Governments. as approved Note 1: Pursuant to authority permitted by Section 1-b, Article VIII of the State Consti- Mich ~eqislation, f tution, which became effective January 1, 1973, the City has granted an exemption of up to )cal m o execute the laws $15,866 of Assessed Valuation to the residence homestead of property owners over 65 years of age. The City also allows a maximum of $5,000 for all declared homesteads in the City. Tha Taxable Assessed Valuaticn, as shown above, does rot include $24,209,471 and $27,107,197 Assessed Valuation of properties exempted under these authorities. I Note 2: The Legislature, pursuant to a constitutional amendment and Article 7150h, VATCS, mandated an additional property tax exemption, beginning in 1976, for disabled veterans or the 1 surviving spouse or child-en rf a deceas.d veteran r,oo died while on active duty in the armed I forces. The exemotion from taxation afplies to either real or personal property with the amou-:t of Assessed Yrlue exerpted rang`nn frun $1,500 to $3,000, dependent upon the amount of disebillty or whether the e;,Kapticn is appiicable to a surviving spouse or children. The Taxable Asse .ed Valuation, a; shown above, does net include $315,601 Assessed Valuation of properties exempted under this authority. Note 3: Pursuant to the 'Proprrfy Tax Ccde, Chapter 23 adopted in 1979, the City has exempted $12,848,653 of agricultural lar' va,ue. The Taxable Assessed Valuation as shown above does not include this a ours'. Note 4: The above statement of indebtedness does not include the following outstanding revenue bonds, as these bonds are payable solely from the net revenues of the System, as defined in the Bead Ordinance authorizing the bonds: 59,955,000 Water and Sewer Revenue Bonds and 522,255,000 Electric System Revenue Bonds. AD VALOREM TAX LEGISLATION The Bonds are payable from ad valorem taxes levied upon all taxable property within the City. The "Property Tax Code" (V.T.C.A., Tax Code), adopted in 1979, is a codification of Texas law as to ad valorem taxation and reference is hereby made thereto for identification of property subject to taxation; property exempt from taxation and other exemptions granted and allowed, if claimed; the appraisal of property for purposes of taxation and the procedures to be followed and limitations applicable to the levy and collection of ad valorem taxes. Among other features, the Property Tax Code provides for: 1. A single Appraisal District in each County of the State to appraise property for purposes of taxation for all taxing units located wholly or partly within 0e County beginning January I, 1982. -5- ry ~r 7 a f 2. All property to be assessed at 100% of its appraised value and prohibits the assessment of ~ 11. Local taxing unit property for taxation on the basis of a percentage of its appraised value. review of challenes, 3. An increase in the effective tax rate of a taxing unit to be limited to not more than 3% aid veto actions of th unless a public hearing is held. In calculating the effective tax rate, taxes for bond; or 12. Changes in the prc other contractual obligations are excluded. units. { Recent amendments (Chapter 13, Acts of the 67th Legislature, First Called Session, 1981) to the j A constitutional amends Property Tax Code (designated to clarify and remedy technical flaws experienced in ample enting adopted tby, o the voters a various provisions thereof) provide for; g982 throvernmentsough the 1984 option 1 1. Postponement of full implementation of an Appraisal District's operations, on a local up to 20a of market va' option basis, until 1983 or 1981. provides that taxes may ad valorem taxes have be 2. Mandatory county participation in the Appraisal District. } would impair the obligal 3. Changes the provisions relating to an effective annual tax increase being subject to a referendum election by: The City has leased a a. Raising the amount of the annual tax increase necessary to trigger a referendum machines to heavy equl election to B%; The leases expire in 19 b. Reducing the number of qualified voter's necessary to petition for a referendum I electlei to 10%; C. Extending the period available to collect signatures on a petition for a referendum election to 90 days; d. Eliminating the requirement that a minimum of 25% of the qualified voters must vote in The City has no other no a referendum election to be valid. 4. The State Property Tax Board to conduct an annual ratio study in each Appraisal District to determine the degree of uniformity of appraisals and the weighted average level of appraisals within each major kind of property (effective 5. An increase in penalties :,jr delinquent taxes. The new penalties are: Fiscal Period a. 6% - First month 1073-15 1% - Additional penalty each month through June 1975-7 12% - All delinquencies on July 1 regardless of delinquency period; 1976-7 b. A taxing unit may add an additional penalty to a maximum of 15% of taxes, penalty and 1977-7 interest due in ordt,- to defray costs of tax attorneys. 1918-7 1979-8 6. An increase in interest charged on delinquent taxes. The new interest charges are: 1980-81 1381-82 A. 1% - First month; and 1982-83 b. An additional I% increase each month thereafter. (1) Increased basis of °_a v (2 Increased basis of 7. Property witl;in the (3 Revaluation. PD (effective 1-1-84). Appraisal District to be reappraised at least once every 4 years 3 Includes the Bonds. 8. The establishment and applicatfon of uniform inventory. discovery and appraisal procedures on all types of business inventories without regard to the nature of the property comprising the 9. The statute purports to provide an increase for the first time in th " property above its 1981 assessed value in an a appraised value of option of the local taxing unit, limited to 1h times rthe percentagehof9increase Inatheevalueto,f all other property on the unit's tax rolls. 10. Changes in the campo,;itfo,i and selection of board members, the allocation of Appraisal District costs, the size of the Appraisal Review Board and the financial accountability of Appraisal District. 9 i P r i assessment of 11. Local taxing units to challenge the Appraisal Review Board's appraisals and judicial review of challenges, and authorizes local taxing units of an Appraisal District to overturn more than 3% and veto actions of the Board of Directors of the Appraisal District. for bonds o; 12. Changes in the procedures and requirements pertaining to tax increases by local taxing units. 1981) to th, A constitutional amendment concerning homestead y exemptions implementing adopted by, the voters of the State of Texas on November 3 t 1981, Such amewas ndment mprovid s to, governments the option of granting homestead exemptions of up to 40% of market value for the on a local 1982 through 1984 tax years, up to 30% of market value for the 1985 through 1967 tax years, and up to 20% of market value thereafter. Minimum exemption is 55,000. The amendment further provides that taxes may continue to be levied against the value of the homestead exempted where ad valorem taxes have been previously pledged for the payment of debt, if cessation of the levy would impair the obligation of the contract by which the debt was created. r I subject to a NON-FUNDEO DEBT h The City has leased and lease/purchased a variety of equipment ranging from reproduction to referendum machines to heavy equipment such as street sweepers, dump trucks, compactors and an ambulance. I The leases expire in 1984 through 1986. Annual costs of the leases are as follows: referendum 1983 $223,58C 1984 209,207 1985 141,023 f 'a referendum 1986 51,642 i The City has no ot'ier non-funded debt as of February 1, 1983. must vote in ( VALUATION AND FUNDED DEBT HISTORY sal District Ratio Funded ae level of Funded Debt Debt to Taxable Outstanding Taxable Fiscal Assessed at End Assessed ( Period Valuation of Year Valuation T9 73F9 1 , 2, 8,165,000 --1-.9-93- 1974-75 112,158,726 7,695,MO 6.86% r` 1975-76 124,327,113 9,585,000 7.71% 1976-77 136,540,625 12,024,000 8.81% 1977-78 271,339,229(1) 11,533,934 4.25% ,penalty and 1978-79 ;88,902,702 15,215,101 5.27% 1979-80 304,943,680 15,364,488 5.04% 1980-81 337,948,941 15,053.000 4.45% rs are: 1981-82 663,437,088 2) 12,935,000 1.95% 1982-83 1,049,946,549€3) 16,702,000(4) 1.59% (1) Increased basis of assessment from 40% to 60%. 2) Increased basis of assessment from 60% to 100%. (3) Revaluation. =ry 4 years (4) Includes the Bonds. Ores on all prising the ed value of be, at the he value of P Appraisal :ability of 7- i I ~ . I r TAX7,8LE ASSESSED YAII'ATIONS BY CATEGORY Property Assessn?nt As % of Real Pro eD rty Personal Proper~t' Taxable The City has adopted Fiscal Ap raised 1 0f % or Assessed amended, which grants t Period Value Amount Total Amount Total Valuation the City, the proceeds 97i 3.74 8 09, 8 80.621 19,81J,560 _,38f S 102, 2Z-,M effected through the of 1974-75 40% 89,883,677 80.14% 22,275,049 19.86% 1I2,1580726 the proceeds of the taxi 1975-76 40% 95,735,078 77.00% 23,592,085 23.00% 124,3279163 i tlis source has been: 1976-77 40% 99,863,846 72.41% 37,676,779 27.59% 136,540,625 1977-78 60% 213,135,760 78.55% 58,203,469 21.45% 271,339,229 I978-79 60% 221,300,472 76.60% 67,602,230 23.40% 288,902,702 Year 1979-80 60% 229,022,620 75.10% 75,921,060 24.90% 304,943,680 1980-81 60% 246,205,248 71.85% 9I.743,693 27.15% 337,948,941 19TW3 14 1981-82 100% 450,732,259 67.94% 212,704,829 32.06% 663,437,088 1975 1982-83 100% 831,397,479 79.18% 218,549,070 20.82% 1,049,946,549 ! 1975 ESTIMATED OVERLAPPING FUNDED DEBT PAYABLE FROM AD VALOREM TAXES E 1977 s of 2-1-83) , 1978 1979 Estimated 1980 Total X 1981 Overlapping 1982 Taxityn~enJurisdic~tion Funded Debt Applicable Funded Debt 1 of 0 ton $1T,37T 3 T. ~ _ sr~ fif Denton Independent School District 11,865,000 93.76% 11,1124 i Denton County 10,925,000 29.44% 3.216,320 Taxing Jurisdiction Total Cverlapping Funded Debt $31,917,944 $ Denton independent Scho< Ratio Overlapping Funded Debt to Taxable Assessed Valuation 3.04% Denton County M Fer Capita Overlapping Funded Debt - $621.58 TAX RATE LIMITATION All taxable property within the City is subject to the assessment, levy and collection by the City of a continuing, dire=t annual ad valorem tax sufficient to provide for the payment of Name . Taxpayer principal of and interest on all types of tax obligations of the City within the limits General Tel ac> eral Tel ephone Compa prescribed by law. Article X1, Section 5 of the Texas Constitution, and the City's Nome Rule Victor Equipment Canpan Charter, limits the maximum ad valorem tax rate to $2.50 per $1DO Assessed Valuation for all First State Bank City purposes. The total tax rate for the Fiscal Year Ending September 30, 1983 has been set by Denton Mall Order of the City Council at $0.51 per $100 Assessed Valuation. Moore Business Forms, ] AX DATA First Denton National B TAX AX DATA 9-30) Sears, Roebuck b Com;a^ Montgomery Ward Distribution a J. C. Penney Tax 'ax enera nterest and % Current % Total Year Rate Fund _SiinnkirgFunndd Tax Levy Collections Collections 1972-73 TF79 O. W $0.7956 it 617,647 95.E 9b. 1 1974-75 i.mo 0.8978 973-74 '.700 0.8960 0.8040 1,737,788 96.20'% 97.03% 1 975-16 I.700 0.8171 0.8826 2,1103,562 94.74% 97.54% 1976-77 1.780 1.938 0.6862 2:430423 94.74% 97.74% 1 1978-79 1.240 0.7280 0.5120 977-78 1.24D 0.7728 0.4572 3,364,606 93.04% 94.35% 1979-80 1.240 0.7286 0.51I4 3,780,389 93.61% 96.69% 1 980-81 1.290 0.6700 0.6200 4,359,541 93.179 95.64% 1981-82 0174 0.4650 0.3090 4 930 971 96.26% 99.04% 1982-83 0.510 0.3375 0.1725 5,354,728 81.03%* 81.81%* * Tax Collections for four-month period ended 1-31-83. Property within the City is assessed as of January 1 of each year; taxes become due October I of the same year, and became delinquent after January 31 of the following year. Split payments are permitted: first half by December 31; second half by March 31. Discounts are not allowed. 8- . .l I MUNICIPAL SALES TAX Effective - -6 Taxable The City has adopted the provisions of Article 1066c, Vernon's Texas Civil Statutes, as Assessed amended, which grants the City the power to impose and levy a iX Local Sales and Use Tax within Valuation the City, the prxeeds being credited to the General Fund. Collections and enforcements are 790238,21702 effected through the offices of the Comptroller of Public Accounts, State of Texas, who remits 26 the proceeds of the tax, after deduction of a 2% service fee, to the City monthly. Reve:iue from 63 this source has been: 25 9 % of Equivalent of Total Ad Valorem Ad Valorem Per 304,943,680 Year Collected Tax Lev Tax Rate Capita i 337,948,941 1911 3'-8-73;56 ' ---5rjW`" m4l - 119 68 53,437,088 1974 926,080 53.29% 0.9059 20.81 ,049,946,549 1975 1,000,932 52.68% 0.8924 21.39 1976 101940335 56.66% 0.9632 25.28 1977 1,254,452 51.88% 0.9234 26.19 I 1 978 1,629,832 48.44% 0.6007 31.62 1979 2061124 57.53% 0.7134 39.83 1980 2,556,124 67.62% 0.8723 47.96 Overlapping 1981 3,017,606 69.22% 0.5358 59.00 Fund ee ! 1982 3,295,302 66.82% 0.3408 64.17 11,124,624 t}Q TAX RATES OF OVERLAPPING SUBDIVISIONS ' 3,216,320 - 'axin~Jurisdiction 1982 1981 1980 1979 1978 1977 1976 1975 531,917,944 My °f Denton 30.TT, 0 3bM TIC 31-1 U- TM " 37.78 Denton Independent School District 0.730 1.220 1.25 1.68 1.57 1.57 2.00 2.00 3.04% Denton County 0.1665 0.237 0.77 0.67 0.67 0.67 3.95 0.95 ~ TOP TEN TAXPAYERS 1982 % of Total Taxable Taxable lection by the Name of Tax a er Assessed Assessed he payment of Fne , lnc. Nature of Property Valuation Valuation_ ~in the limits l 7ele hone C eIeru it Truck Manufcturer 3 0 ty's Hortvi Rule E ui pent-C ~payy Telehone Utility 28,906,627 omp an ation for all Welding Equipment 19,354,196 1.84 ~s been set l Sta ate Sank Bank 13,216,017 1.26 by Denton Mall Shopping Center Moore Business Forms, Inc. Business Form Manufacturer 19,842,240 0.94 First Denton National Bank Bank 8,264,215 0.79 Sears, Roebuck & Company Department Store 5,896Montgomery Ward Department Store ,035 0.56 J. C. Penney Department Store 5,820,383 0.55 5 798 057p 5~ 6 Total ; T?7 g. Ilections 96. 97.03% 97.64% 47.54% 97.74% "4.35% 96.37% 96.69% ?5.64% 19.04% ill 81%* October 1 of payments are t allowed. -9- . }Y S 4f a • 1 0% u 6 OW h ~ ° 8 to a+ n 0U. tv ri n co o 1983 Principal and I ri " $0.1568 Tax kdte 0 9 a Average Annual Frinc Jw NMntnN~bnMO.-C4cobb"'b 50.1331 Tax Rate P 9 OZ N kip b P Ot b N N? O•+b d 01 G~<t0 w'r ncVn V ."1 MM NOt1 O. 0%N 01010 O Lin V M MtCw cc N w w• nj wa n b O 'tt O1 to .ti b w riMtnbnpp tnMae.M00 C Maximum Principal an ac tD01°C70ctrCoto oo -kaLn'ggTMNwn-tOb1lMOwun,MNN ccoo• $0.2500 Tax Rate Q 9 QCn .ti bV Nry OOtnto b aO • w .-t N N N N r+ •-t .y N .-t .-t .-i "y N O OC O • i CD W K M M Fs- M M M M to to to to to to to to to to o F General Obligation a ~~b~ ^ Debt Service Fund, A ~ OD V O M Ot to w+ NO CO b CO J 1982 Debt Service Fui CO ;r 0p e a N~tN ~pOppp~q(pfnu~v•~u+•+(n 4M U CO 1n co b-W N b t°D to Ln W"') vt a aaavaf t~l M M cn NN 040 CA c f Estimated Surplus w AI 0 bb M00MMt0 00 •a M+ bM tMD 00NnNn to b b N to to LA 'n In to 0 NOD N n N n N n N to aHcoa Ob MD1b-%bco ~M b 00•tMbb w w w °z ueo;nbtnMNOO%oatn.+mvotooio+un.. to nt All qualified employ O b~Olr t1'+M.ti O%b NOh bMODD to M.ti b O O] b V M M M M M N N N N N .-+.ti w+ ti co v. Covered employees of, v o contribution is deter ,w= M M For the calendar year Social Security Progr 0000oooo0QO000o0Q0 0 a 0000Q °0000 000000 o w c 00000$ooooogooooo0 0 0 ow 00 n tit N In N LA 6M b ll bpp O Op 000p O N W LU 2 N N N cv N N N N Ntn to N NN to to to M to a u N N N. N N N N N N N N N N" N N M N N N n •OOOSCCC cc LU N M M F=- r F• Fund Balance October. W Ntn O%cy r" 00 -It In n M n M• a b 0-t 00 Ot O mNM00 .-t b MMb vnw Nbb?000 N O NNO%1n 01-1 -+b 0%b ~ M N NOa tn~ w Revenues: M rOMto OpppnbQ~ NO MOM MbMwi C Q~ Ad Valorem Taxes b• %0" 0 t0 NNt0 obN00v to-ten n .J % btotowMN• 000101nnVINNN ON .O.I Sales and Other Taxi Fees from Revenue Pi N Other Fines and Fee! z Licenses and Permit] w Intergovernmental O Ntn O%N ftr - 00 It bnin n M - koo a pp 0% OD x Ot"M •+bMMban•+Nbb!tb00 " interest Earnings O NNCt a% -C +b 0tbnMNN0C%Ln Miscellaneous m ODbN0o0MpnRtMin MOMLinM to 1z r, C%j co M 2 bbLAMlvvr~MHNN.na.tiOt tn (1.ti M Operating Transfers c X _ Total Revenue! z 0 r .n co Expenditures: 66 _ Personal Services o' 00000 ooa0QO0 0 0 000a 0 ~ Supplies Q0o00o00o o000Q00Qa 0 0 0 0 0 0 0 0 9 0 Q 0 0 0 0 0 0 0 O Maintenance p tot tL7 to %o %o to C. to O to M O O O N Vi N to to Services co co COP MV Go -W vkn to b"NNN M Insurance 0%0101 0101 ppnnl~~•nbbtnNNN N W Sundry f Contribution to Cit 11 M N Miscellaneous Capital Outlay ¢s¢ i O~ M< to b n Ot O .w N M v b b n b o1 N M # Operating Transfers WO00 \ b O%00%4M Obi O b i 010 0 % Ch a at t O 0 at 1 Off. O a t 0% Oft 01P 00 %0000 i > W OL •w .y .a 'r .y .r w..r "..y H 'e rti N N N N 'q Total Expend i Excess Revenues {Ex Fund Balance September - 10 - d 1 TAX ADEQUACY 1983 Principal and Interest Requirements $1663,292 $0.1668 Tax Rate @ 95% Collection Produces 51,663,745 Average Annual Principal and Interest Requirements, 1983/2003 $1,327,059 " $0.1331 Tax Rate @ 95% Collection Produces $1,327,605 e Maximum Principal and Interest Requirements, 1984 - $2,493,653 $0.2500 Tax Rate @ 95% Collection Produces - - DEBT SERVICE FUND MANAGEMENT INDEX f General Obligation Debt. Service Requirements, Fiscal Year Er,oing 9-30-83 $1,663,292 Debt Service Fund, All General Obligation Issues, 9-30-82 f 87,201 1982 Debt Service Fund Tax Levy @ 95% Collection 1,720.600 _1,807,801 Estimate6 Surplus f 144,509 AUTHORIZED BUT UNISSUED GENERAL OBLIGATION BONDS - NONE f PENSION FUND All qualified employees of the City are members of the Texas Municipal Retirement System. Covered employees of the City of Denton contribute 5% of gross covered salary. The City's contribution is determined annually by actuarial study as a percent of gross covered payroll. For the calendar year 1983, this rate will 4.18%. The City employees participate in the U.S. Social Security Progran. GENERAL FUND STATEMENT OF AN =i~u WD EXPENDITURES Se tember 30, Fund Balance October 1 3 -Tq 1 3~(fSI' Revenues: Ad Valorem Taxes $ 3,036,123 S 2,240,835 $ 2,214,194 $ 2,083,872 I Sales and Other Taxes 3,295,302 3,017,806 2,556,124 2,061,436 Fees from Revenue Producing Facilities 159,971 200,123 163,616 1,129,354 Other Fines and Fees 379,403 222,565 181,376 245,444 Licenses and Permits 96,943 82,494 96,422 171,377 Intergovernmental 231,329 203,126 283,610 260,733 Interest Earnings 153,435 165,635 151,948 30,324 Miscellaneous 267,130 197,780 236,582 277,668 Operating Transfers In 1.253.602 3 504 505 3 060 494 2 748 367 Total Revenues ~j11 873,238 gff T9'~fdd,-JLT T`4.W,M- Expenditures: Personal Services $ 7,708,005 $ 6,615,382 f 5,779,828 $ 5,3118,021 Supplies 525,392 420,539 365,062 497,841 Maintenance 660,043 543,009 623,518 807,610 Services 1,760,786 1,561,497 1,162,962 1,154,584 Insurance 131,581 135,205 92,411 82,288 Sundry 26,635 41,701 15,552 33,174 Contribution to City - County Agencies 410,583 335,253 278,482 266,353 Miscellaneous 160,792 148,897 114,278 123,219 Capital Outlay 255,205 168,087 269,791 187,714 Operating Transfers Out 215.625 249 154 352 OOQ 0. Total Expenditures $11,85-.943 031 'fi~;T2~ 3 4w.w Excess Revenues (Expenditures) 18,391 383 855) (109,518) 547.771 Fund Balance September 30 $ 346,850 f 328,459 f 712,314 f 821.832 j - 11 - J r WATER AND SEWER SYSTEM Water Supply Present municipal supply is obtained primarily from surface sources, but un ergrou sources are available. The City has previously acquired conservation storage i rights in nearby Lewisville Reservoir which was constructed by the U. S. Corps of Engineers, 1 This reservoir contains a total of 436,000 acre feet of conservation storage. The City of Denton holds rights to 21,000 acre feet of the storage, with the balance being held by the City of Dallas. In recent water rights adjudication proceedings by the State of Texas, the City of Denton has been awe.,Ifd 4.5 million gallons per day water rights from Lewisville Reservoir with i the right to "perfect" an additional 5.3 million gallons per day. The City presently uses approximately 9 million gallons per day, and purchases from the City of Dallas all amounts over 4.5 million gallons. The City, is presently re-negotiating the water contract with the City of Resident Dallas. The City's Water Treatment Plant is designed to treat an average of 16 million gallons per day with a peak capacity of 24 million gallons per day. Although surface water provides the (Based on 28% of second major part of total requirements, the City has underground sources consisting of seven deep December - Fabruary bu wells drilled into the Trinity Sand Group, comprising the Paluxy and Travis Peak sands. The 25,000 galloi.s) average daily production capability from the wells is 2.5 million gallons per day. Facility Charge Future Water Suvply In 1980, the City of Denton and the City of Dallas contracted with the Volume Charge Corps of Engineers for the construction and development of Ray Roberts Reservoir in Denton County, located immediately above the present Lewisville Reservoir on the Elm Fork of the # note: All service outs Trinity River ten miles northeast of Denton. In the contracts with the Corps of Engineers, the i City of Denton will pay for 26% of the construction cost, and the City of Dallas will pay for WATER 74%. Water obtained from the reservoir will be pro-rated on the basis of each city's propor- tional share of total construction cost. Estimated safe yield of the Ray Roberts Reservoir has ) Fiscal Year Ended been calculated at 73 million gallons per day, of which Denton would be entitled to receive up Income to 19 million gallons per day. This amount, plus a safe yield of 4.5 million gallons per day Expense obtained from the present water rights in Lewisville Reservoir, will be sufficient to meet the Net Available fir Debt City's estimated water needs through the year 2005. she City of Denton is presently conducting Service a long range water supply study to deteimine water requirements and alternatives after 2000. Water Customers Water Us&Qc Sewer Customers Average Maximum Average Maximum AUTh Year Da y _ 27 a Year Da Da 1974 66,683262,00007 r12,620,0'10 1979 87,992904,8000 20 1146,,458660,000000 1975 7,216,282 13,350,000 1980 9,477,386 18,867,200 Purpose 1976 7,264,000 14,080,000 1981 7,117,852 15,403,000 ter 1977 7,923,000 14,119,000 1982 6,957,193 14,953,000 Sewer Wastewater Treatment . The City owns and operates an activated sludge type wastewater treat- ment fact ity. he first element of the plant (with a capacity of 2 MGD), was placed in # operation in 1964. A 4 MGD addition was completed and put into operation during 1971. A 8 MGD addition to the plant has been completed and was put into operation in May, 1982. The City is presently constructing advanced secondary treatment effluent filters for the plant which will The City of Denton has oM- be completed by May, 1983. The effluent filters are required to meet future water quality 4 approximately 76 years effluent criteria. The estimated cost of the filters is approximately $924,900. In the enced a steady growth i opinion of Freese and Nichols, Inc., Consulting Engineers, the wastewater system has been distribution facilities. efficiently operated and maintained. } Service Area The Sysl MONTHLY WATER RATES t he City has covenanted (Effective May 82) franchise or permit the a button facilities which r Residential Users t that it legally may, the+ Billing Months June ;September - Billing Months October _May Facility Charge $3.25 plus Facility Charge $3.25 plus 0 - 20,000 gallons 1.10/M gallons Volume Charge 1.10/M gallons Above 20,000 gallons 1.301M gallons Minimum Charge - $5.00 i - 12 - 1 ti ,`R 1 r !sources, but Commercial Industrial Users on atitorige gi Of neers. Customer Facility Charge $7.25 plus of sneers, Volume Charge 1.05/M gallons The e City of Id by the City the City of Minimum Charge - $8.00 ?eservoir with MONTHLY SEWER RATES ,recently uses (Effective May 1 , 1 amounts aver ) :h the City of Residential Commercial/Industrial illion gallons - - provides the (Based on 98% of second highest usage of (Based on 60% of water consumption) bf seven deep December - February but not to exceed 4 sands. The 25,000 gallons) iy. acted with the Facility Charge $3.00 plus Facility Charge $6.50 plus in Denton Volume Charge 0.85/M gallons Volume Charge 0.95/M gallons ic oir i Fork of the Note: All service outside City Limits at 115% of above rates. :ngineers, the will pay for WATER AND SEWER SYSTEM CONDENSED STATEMENT OF OPERATIONS ;sty's propor- - Reservoir has Fiscal Year Ended 9-30-82 9-30-81 9-30.80 9-30-79 9-30-78 J to receive up ncome 35,833,901 Tf_,6 ,,79 T4-. ,-M 3 db 351,E A lons per day Expense 3,730,577 3,058,928 2,849,852 2,163j339 1,978,870 to meet the Net Available for Debt :1y conducting Service $2,103,324 $1,623,858 S1,6571887 $2.020,707 51,572 508 after 2000. Water Customers 13,705 13,506 13,292 13,094 12,787 Sewer Customers 13,079 23,020 12,883 12,634 12,268 AUTHORIZED BUT UNISSUED WATER AN3 SEWER REVENUE BONDS .%ount Date Amount f;;etofore Unissued Pur se Authorized Authorized Issued Balance atter -5-16-7- 3275,000 T4-,TT5-,6b 3 8bT;4btf Sewer 5-16-72 5 725 000 5 025 000 700 000 SfI4 o, 3~`f0b;6i5b _3I:5b~;b~b Ewater treat- (as placed in 1971. A 6 MOD ELECTRIC SYSTEM The City is nt which will The City of Denton has owned and operated its Electric Light and Power System (the "System") for water quality approximately 76 years without interruption. During this time, the System has experi- 900. In the enced a steady growth in customers and output, requiring periodic additions to plant and •tem has been oistributfon facilities. Service Area The System provides electric service to 19,565 customers located in the City. hT e otty l.as covenanted in the Ordinance that it will not mperate, and will not grant any franchise or permit the acquisition, construction, or operatioi of, any electric energy distri- bution facilities which would be in competition with the electric system, and, to the extent that it legally may, the City will prohibit any such competf)g facilities. :er-W'.ay 25 Pius l0/M gallons - 13 - 5 Customers In 1582, the System sold 499,783,841 KWH of electric energy. The following t u at on shows the average number of customers from 1979 through 1982 and the average charge per kilowatt hour ("KWH'). 1i Year Ended Se tember 30 _ F1 Average Number of Customers: 13,870 15,705 16,225 17,132 Residential 2,608 2,420 2,186 2,213 Other 312 137 145 220 Other Total Customers T97.0 TAW T.R ~9 Al - Average Charge Per KWH (t per KWH): 4,564 4.544 4.901 6.391 i Residential 3.974 4.151 5.391 6.294 All Other Al The System's sales of energy, in KWH, to principal customer classes for 1979 through 1982 were as follows: Note: When usages are t KWH Sold (000's Quitted) monthly facility charge Year Ended Se tenter 30 5e2 99at Ad ustment YYHHHH Residential 132.534 T677M 17j;w 173,3I3 per , an nergy Cost, Commercial/Industrial 276,199 301,982 308,348 299,040 cost per KWH of fuel of Other 23 579 &141W 17'288 25 431 subtracti.ig three cents Total Sales if.3T'f a ,6~€ lii2 4 t The following tabulation provides information for calendar year 1982 for the System's ten ELI largest customers in terms of both peak demand and annual revenues. These customers taken Fiscal Year Ended together represent 27,98% of the 1962 electric revenues from sales. $evevenues Denton Electric System Expt Ten Largest eta ova er ustomers Net nses Operating Revenues w Non-Operating Revenues 1982 Net Revenues Available f 1932 Annual Peak KWH Customer KWH Revenues Demand AUTHOR] orth exas tate Un versity _266T~'fT 'f3 711 Texas Woman's University 22,339,536 1,318,295 4,669 Paccar, Inc. 10,500.000 683,635 5,040 Victor Equipment 10,263,692 676,573 20441 Acme Brick Company 9,705,031 633,011 2,537 Golden Triangle Mall 9,360,800 615,308 2,529 Denton State School 7,744,760 469,943 2,640 Moore Business Forms, Inc. 7,615,271 496,697 1,960 Morrison Fulling Company 4,1090700 247,345 770 Signal Products Division 2,701,589 _ 170,474 1,016 Total 146976,400 $8,962,304 37,431 Y F I4 - k s Q I The following Electric Rates he average charge (Effective Apra 1981) FO Residential I Tom- facility Charge $4.50 Single Phase 117,132 8.00 Three Phase r 2,213 M.oaths of June through Septembe 220 r f IT- All KWH $0.0465 per KWN plus an energy cost adjustment 6.39t Months of October through MU 6.291 All KWH $0.0435 per KWH plus an through 1982 were energy cost adjustment Note: When usages are less than 700 KWH during June through September, deduct $2.00 from the monthly facility charge each month until monthly usage exceeds 700 KWH. Energy Cost Adjustment When fuel or Purchased power costs are more than three cents (3t) Per KWH, an nergy ost Adjustment (ECA) is charged. The ECA is calculated by using the total 040 cost per KWH of fuel and purchased power at the City's Power Plant divided by total sales 431 subtracting three cents (3t) which is already included in the base rate. 38~ W ELECTRIC SYSTEM CONDENSED STATEMENT OF OPERATIONS the System's ten is tted a customers taken Fiscal e! Ended 9-30-82 39-30-81 9-30-80 9-30-79 99-3~~ ever TJT,_6 ' t'3,~6a 3fr w T"7.0'4 , Expenses 26 999 22'025 11 003 1.53,85.93 Net Operating Revenues If, W l- ~Non-Operating Revenues 1,087 789 794 464 X93 317 K1Ai Net Revenues Available for Debt Service S 6,121 $ 4,748 S 5,538 $ 4,988 S 5,367 8a AUTHORIZED BUT UNISSUED ELECTRIC SYSTEM REVENUE BONDS - NONE 69 040 141 537 520 340 360 70 A6 131 - 15 - i 'I .r GENFZAL INFORMATION REGARDING CITY ANO ITS ECONOMY 71NOLINDUSTRY AND BUSINESS . LOCATION In excess of 50 diversi are as follows: Denton County, located at the apex of the Dallas-Fort Worth-Denton Denton is the County Seat of industrial triangle. The City covers an area of 33.2 square miles and is located only 38 miles from downtown Dallas, 12 any Victor Equipment Compan; and 36 miles from, Fort Worth. Moore Business Forms, L ECONOMY ~ R Paccar, Inc. ussel!-Newman Manufacti Denton is ~ Josten's, Inc. 1n the midst of a rich agricultural and livestock area. Andrew Corporation i Acme Brick Company The hub city of Texas' new "Land of Lakes" region, which provides Denton and neighboring cities i Chronicle Company with abundant water for municipal, industrial and recreational purposes. Morrison One of the three major university centers in Texas. Dentoi on Mill Turbo Refrigerating Comp J S1yna1 Products Division The home of diversified industrial interests. , Trinity Industries, Inc. x The site of the Nation's first underground Control Center of the Office of Emergency Planning Kolmar Laboratories and Office of Civil and Defense Mobilization. ( Harley, Bag Division Uni Ohio Rubber Company One of the key cities In the economically significant Dallas Standard Metropolitan Area. * Denton Chamber of Com ' ECONOMIC RANKING INDUSTRIAL FUTURE Denton's sound diversified economy is reflected in the spendable annual income per household. Denton is most favorably Denton County's Effective Buying Income for 1981 totaled approximately $1,383,489,000. is, officially, a part of is growing at a rate thre Denton County's retail sales for 1981 totaled $556,740,000. of this dynamic industrii In 1981, over 35.2% of Denton County households had cash income in excess of $25,000 annually. A plentiful supply of ski Median income was $21,909. force in Denton County is fir an unemployment per (Source: Sales and Marketing Management, July 27, 1982.) tricts Denton Industr more than adequate roll a ECONOMIC AND POPULATION GAINS AGRICULTURE Denton has noted a consistent population increase and a steady economic growth i,i the last four Denton County is one of i decades. ranging from rich black tc Historical population totals from U. S. Census records are: for diversified farming a 1940 Census 11,192 Principal crops are cotto 1950 Census 21,372 beef cattle, sheep, hogs, 1960 Census 26,844 year to the farmers and r 1970 Census 39,874 income from all a icultw 1980 Census 48,063 9r The North Central Texas Council of Governments estimates the 1982 population of the City at The Texas Agricultural ExI 51,350, west of Denton, is contrib to farmers all over Texas The City's ascension toward a top rung on Texas' economic ladder is attributed partly to the pastures, soil building, c steady influences of governmental activity which includes the year-by-year expansion of the two UNDERGROUND CONTROL CENT State-supported universities, and partly because of such environmental factors at its location S in a rich agricultural region, some oil and gas production in the northwest section of Denton County, its inclusion in the Dallas-Fort Worth Metroplex, its proximity to three of Texas' Denton is the site of the i largest reservoirs (take Texoma is only 40 miles from Dento, its excellent highway and in the United States. Thl transportation facilities, its mild climate, and the less tangible but influential aspects of social, cultural and educational advantages that have prompted professional or "white collar" workers to choose Denton as a place of residence. 16 - z' i c `M1 . i I INDUSTRY AND BUSINESS In excess of _ED diversified manufacturing plants are located in the City. Some of the largest 'IFort Worth-Denton are as follows: downtown Gallas, Approximate COMDany Number of loyees' r Victor Equipment Company Product Emp We.d ng and cutting equipment an3 If pressure valves 859 Moore Business Forms, Inc. Business forms, sales books, etc. 590 Paccar, Inc. Peterbuilt diesel trucks 325 Russell-Newman Manufacturing Company Womens and girls lingerie 321 i Josten's, Inc. High school and military rings 292 f Andrew Corporation Microwave antennae 759 eighboring cities Acme Brick Company Brick and tile 164 Morrison Milling Company Flour, cornmeal, and convenience foods 151 f Denton Record Chronicle Newspaper and printing 119 Turbo Refrigerating Company Ice-making machines 103 Signal Products Division Mclded plastic parts 83 Trinity Industries, Inc. Pressure vessels, reilroad tank cars 72 Pergency Planning Kolmar Laboratories Cosmetics 62 Harley, Bag Division Union Multi-wall paper 61 Ohio Rubber Company Polyurethane products 56 T Ilan Area. t Denton Chamber of Commerce. le per household. INDUSTRIAL FUTURE ~ Denton is most favorably located within 38 miles of two major titles (Dallas and Fort Worth) and ,489,000. is, officially, a part of the Dallas-Fort Worth Metroplex. This area comprises a market which is growing at a rate three times the national average. Denton is fast becoming an integral part of this dynamic industrial complex. 25,000 annually. A plentiful supply of skilled labor is available to industry in the Centon Area. Total labor force in Denton County is approximately 84,343, with approximately 79,114 presently employed - for an unemployment percentage of only 6.2%. There are two principal industrial dis- tricts Denton Industrial Park and Rayzor Industrial Park both of which have access to ` more than adequate rail and highway facilities, and all necessary utilities. AGRICULTURE in the last four Denton County is one of the more diversified agriculture counties in Texas. With soil types ranging from rich black to deep sandy loam, and good soft, artesian water, it is an ideal center for diversified farming and livestock raising. Principal crops are cotton, corn, wheat, oats, hay, grain sorghums and peanuts. Dairy cattle, beef cattle, sheep, hogs, chickens and turkeys co. tribute a substantial and steady income every year to the farwars and ranchers of the county. Income from all agriculture and livestock products averages in excess of $30,000,000 annually. of the City at The Texas Agricultural Experiment Station, Sub-Station No. 6, located about five miles north- west of Denton, is contributing to the prosperity of not only the farmers in Denton County, but to farmers all over Texas, through experiments in small grain research work, crop rotation, td partly to the pastures, soil building, contouring and plant disease. nsion of the two UNDERGROUND CONTROL CENTER at its location action of Denton Denton is the site of the first Underground Control Center to be built by the Federal Government three of Texas in the United States. This center was completed at a cost of $2,400,000. ent highway and itial aspects of 'white collar" F i - 17 - y Denton has an outstand It consists of an above ground for entrance and exit during normal 'frangible' building, i Colleges and Secondary fortress, 142 feet wide and 172 feet long. The , operations , and a two-story undergrw nd first aid station, and communications head- Approximately 69% of th structure has its own water well, an infirmary, l system offers accelerat quarters. Site for the structure is about three miles east of Denton. few of the vocational tr serves ion 5 Headquarters for the Office of Civil and Defense distributive education, The huge underground center Reg < faculty hold Master's d Mobilization and is designed to resist nuclear blast and radiation. Region 5 consists a elementary sc Texas, Oklahoma, Arkansas, Louisiana and New Mexico. = Number of Junior ehigh lementary sc emergency nth the center would serve Number Number of of senior high sc federal In time of emergency the center will house the administrative rent or civilian on a employees Dverage students per cia of a employees in Dallas and Fort North. oin'tfer the activities of some 235,000 Y f as the coordinating and directing p i graduates of the federal government. it Will house 200 persons on a day-to-day basis, Average number of high s emergency, "buttoned-up' basis. s ple with an annual payroll in excess of $150,000. $11,000,000 Denton State The control center employs 93 full-time Pc School, with the first p. the first group of stude TRAKSPORTATION America's most modern a ort Worth Regional Airport This is located _,,1~ 18 miles northeast of the Dallas-F. This State-supported edu I facility began operations in January, 1974. It is the largest airport 7 the United States, a 200-acre site paid 1 second largest in the world, and represents an investment in excess of 5700,000,000• 5. 35-E and U. S. 35-W). Present facilities incl Denton is the focal point in the new Interstate Highway System (U. than 1,188 students, 5 b U. F. 35-E connects Denton with Dallas, and U. S. 35-W ties to Fort Worth. and a 518bed acute 5 b The east and west sections of the U. S. Interstate 35 form part of a vast network that begins at hospii academic building, a lar the ordernonithe south~n Nthe orthofromaDentonetheshithe ghwaytconnectsewithtOklahoman CitytandMthence Pharmaceutical. In addit I The School nos a staff o b through the Midwest. BANKING Rail transportation is furnished by three railroads - Santa Fe, Texass and Pacific, ,tor y Missouri-Kansas-Texas bus transportation by Continental Trailways a There are five banks in freight by twelve truck lines. 1 State Bank, established ii lished 1963 Citizens EDUCATION s Denton is the home of North Texas State University, founded in 1890, and Texas Woman's Uni- versity, founded in 1901. 1973 1974 The two colleges have a combined enrollment of approximately 26,755 students, and are than 1975 1,000 faculty members. 1975 1971 As of January 1, 1983, 18,987 students were enroited in co-educational North Texas State University. This university has a larger enrollment than Southern Methodist University at Dallas, Texas Christian University in Fort Worth, or Rice Institute at Houston. Texas Woman's Four savings and loan ass University has an enrollment of 7,768. f 1y 73 area of more than 35r. 1974 academic iunitsiof 1975 North Texas State University campus $62,000,0000. The `University embraces acres offers2Bachelor's degrees in 66 fields and (,aster's degrees in 113 197 buildings olleges and schools, ands of c areas. Doctoral programs are in 45 areas. Texas Woman's University, a State-supported institution of higher learning, has completed an ) RECREATION extensive building program, emphasized by three high-rise structures. These are a 14-story 1 Nearby Lake Lewisville, office and classroom portion of the Coilege of Education (opened in 19(8), a 21-story dormitory } designed to house 640 students (completed in 1967), and a 24-story dormitory designed to horse 14 recre.tion areas. Lake L 707 students (completed in the fall, 1969). Academic components are embodied in eight schools. County. Science research programs are conducted in chemistry, biology, physics, nutrition, textiles, Y Lake Lewisville attracts i bone microradiology and other related fields. the Lake are only about 3 Over 400 Denton citizens hold earned Doctoral degrees. 2 downtown Denton. - 18 - a i f I ` I exit duria9 non., feet long, ?mn*unications heaad. Denton has an outstanding Public School System, accredited by the Southern Association of Colleges and Secondary Schools and Accreditation Division of the Texas Education Agency. Approximately 69% of the graduates of Dentor High School go on to college. The Denton school Civil and Deft n system offers accelerated programs in such courses as S.M.S.G. Math and P.S.S.C. Physics. A lion 5 consists t few of the vocational training courses available in public schools are agriculture, homemaking, of distributive education, industrial education, mechanical drawing, woodwork, etc. 67% of the faculty hold Master's degrees. .of 16,000 federtl Number of elementary schools 7 Enrollment in school for exceptional center would serve Number of junior high schools 2 children 951 civilian or 500 on employees Number of senior high schools 1 Pupil to teacher ratio: a 30-d4y, Average students per classroom 25 elementary 24:1 Average number o` high school high school 20:1 f ess of $750,000, graduates 275 1483 Spring Enrollment E,476 I $11,000,000 Denton State School Construction began in 1958 on the $11,000,000 Denton State School, with the first phase of the construction being completed in July, 1960, at which time ral Air rt. the first group of students was admitted. The second phase was completed in 3963. It is one of Po This America's most modern and progressive educational institutions. the United States, ,000,000. This State-supported educational institution for mentally retarded Texas residents is located and U. S. 35-W) on a 200-acre site paid for by Denton citizens. , Present facilities include 47 (including outreach dorms) dormitories which accommodate more than 1,188 students, 5 buildings for physically ha dicapped children with a capacity of 600, Pork that begins it and a 52-bed acute hospital with supporting facilities such as X-ray, laboratory, dental, and end at the ilexican pharmaceutical. In addition to these buildings, there is a modern administration building, an is City and thence academic building, a large laundry, a maintenance shop and a warehouse. f The School has a staff of 1,489, with an annual payroll in excess of $18,000,000. and Pacific, OW System motor BANKING There are five banks in the City First Denton National Bank, established 1892 First State Bank, established 1912 U. S. Bank, established 1963 Western State Bank, estab- lished 1963 Citizens National Bank, established 1976. 'exas Woman's Uni- Combined Bank Deposits his, and more than 1973 $126,209,608 1978 $198,908,000 1974 131,018,000 1979 207,085,011 1975 140,747,77C 1980 228,813,123 North Texas State 1976 167,805,982 1981 254,567,591 1977 175,006,073 1982 289,978,804 ist University at m. Texas Woman's Four savings and loan associations had combined year-end deposit. as follows: 1973 $ 63,584,046 1978 $105,901,284 res and sixty-nine 1974 66,202,425 1979 127,299,490 academic units of 1975 69,310,598 1980 159,535,122 ,'s degrees in 113 1976 84,238,471 1981 160,674,680 1977 94,168,257 1982 157,952,082 has completed an PECREATION ;e are a 14-stow '1-story dormitory Nearby Lake Lewisville, one of North Texas' largest lakes, is one of Texas' most popular designed to house recreation areas. Lake Lewisville has a shore line of 183 miles located entirely in Denton in eight schools. County. rition, textiles, Lake Lewisville attracts over 3,000,000 visitors to its shores annually. The upper reaches of the Lake are only about 3 miles east of the Denton City Limits, while the dam is 15 miles from downtown Denton. i - 19 - f 1 Grapevine Reservoir, another large body of water created by the U. S. Army Corps of Engineers, Is located in Denton and Tarrant Counties. The dam is 23 miles from Denton. Parks and recreational areas abound on the shores of both Lake Lewisville and Grapevine Applications for contrl reservoirs. Boating, fishing, hunting, swimming and all water sports are the favorite recrea. 1 Inc. and Standard & Poo tional pastimes at both reservoirs, which, because of this area's favorable climate, are in use be obtained from the cl the year round. . views of such organizal the ratings. There is Growth Indices or that they will not be companies, if in the ju Calendar Building Gas Water Electric downward revision or wi Year Permits Meet_e~rs Meters Meters on the market price of 1973 24,037,860 11,174 11,251 12,227 41 1974 12,498,521 11,416 11,592 12,673 1975 18,306,334 11,755 11,755 13,061 Tr The delivery of the Bon 1976 12,142,334 11,745 12,077 14,117 Counsel to the City (•8 1977 22,244,075 12,294 12,490 15,650 all present Federal if 1978 32,324,274 12,661 12,803 16,404 7 decisions. The laws, r 1979 71,556,446* 13,224 13,094 17,150 upon which the conclusf 1980 35,454,504 13,566 13,292 18,125 by the Congress, the Tr 1981 40,537,746 13,680 13,506 18,545 1982 38,061,425 13,950 13,889 19,565 F • Includes construction of Golden Triangle Rail and Peterbilt truck factory. The sale of the Bonds 1 amended, in reliance upc have not been qualified contained therein; nor h tion. The City assumes laws of any jurisdictio otherwise transferred. disposition of the Bonds the availability of any The Bonds are legal an building and loan assoc arses, trustees and othe Bonds are also eligible or any political subdi•, sufficient security for, any unmatured coupons ae The City will furnish a and issuance of the Bond General of the State of obligations of the City, unqualified approving le interest on the Bonds is tions, rulings and court the effect that no litig issuance and delivery of or security, or in any mA ing thereto, will also be, take part, in the prepara Form and the Official Sta thereto or undertaken ind that, in its capacity as l Bonds in the Official Std the bond resolution. The i with the issuance of the I y opinion will be printed c I I 1 -20- I 9 i t 1 G I A I `i orps of Engineers, RATINGS ills and Grapevine Applications for contract ratings on this issue have been made to Moody's Investors Service, e favorite recrea- Inc. and Standard b Poor's Corporation. An explanation of the significance of such ratings may climate, are in use be obtained from the company furnishing the rating. The ratings reflect only the respective views of such organizations and the City makes no representation as to the appropriateness of the ratings. There is no assurance that such ratings will continue for any given period of time or that they will not be revised downward or withdrawn entirely by either or both of such rating companies, if in the judgment of either or both companies, circumstances so warrant. Any such downward revision or withdrawal of such ratings, or either of them, may have an adverse effect on the market price of the Bonds. TAX EXEMPTION The delivery of the Bonds is subject to an opinion of Messrs. McCall, Parkhurst & Morton, Bond Counsel to the City ('Bond Counsel'), to the effect that interest on the Bonds is exempt from all present Federal income taxes under existing statutes, rulings, regulations and court decisions. The laws, regulations, court decisions and administrative regulations and rulings upon which the conclusion stated in Bond Counsel's opinion will be based are subject to change by the Congress, the Treasury Department and later judicial and administrative decisions. REGISTRATION AND QUALIFICATION OF BONDS FOR SALE Y. The sale of the Bonds has not been registered under the Federal Securities Act of 1933, as ,unended, in reliance upon the exemption provided thereunder by Section 3(a) (2); and the Bonds have not been qualified under the Securities Act of Texas in reliance upon various exemptions contained therein; nor have the Bonds been qualified under the securities acts of any jurisdic- tion. The City assumes no responsibility for qualification of the Bonds under the securities laws of any jurisdiction in which the Bonds may be sold, assigned, pledged, hypcthecated or otherwise transferred. This disclaimer of responsibility for qualification for sale or other disposition of the Bonds shall not be construed as an interpretation of any kind with regard to the availability of any exemption from securities registration provisions. LEGAL INVESTMENTS IN TEXAS The Bonds are legal and aut'iorizer', investments for banks, saving banks, trust companies, building and loan associations, saving Ind loan associations, insurance companies, fiduci- aries, trustees and other political subdi;.isions or public agencies of the State of Texas. The Bonds are also eligible to secure the drposit of any and all public funds of the State of Texas or any political subdivision or public agency of the State of Texas; and are lawful and sufficient security for the deposits to the extent of their market value when accompanied by any unmacured coupons attached thereto. j LEGAL OPINIONS AND NO-LITIGATION CERTIFICATE The City will furnish a complete transcript of proceedings he incident to the authorization k and issuance of the Bonds, including the vInualified approving legal opinion of the Attorney General of the State of Texas, to the effect that the Bonds are valid a,-,d legally binding ` obligations of the City, and based upon examination of such transcript of proceedings, the `I unqualified approving legal opinion of Bond Counsel, to like effect and to the effect that the interest on the Bonds is exempt from Federal income taxation under existing statutes, regula- tions, rulings and court decisions. The customary closing papers, including a certificate to the effect that no litigation of a y kure has been filed or is then pending to restrain the issuance and delivery of the Bonds n n ch would affect the provision made for their payment i or security, or in any manner questI .g the validity of said Bonds or the coupons appertain- ing thereto, will also be furnished. Bond Counsel was not requested to participate, and did not take part, in the preparation of the Notice of Sale and Bidding Instructions, the Official Bid Form and the Official Statement, and such firm has not assumed any responsibility with respect thereto or undertaken Independently to verify any of the information contained therein, except that, in its capacity Ls Brnd Counsel, such firm has reviewed the information describing the Bonds in the Official Statement to verify that such description conforms to the provisions of the bond resolution. The legal fees to be paid Bond Counsel for services rendered in connection with the issuance of the Bonds are contingent on the sale and delivery of the Bonds. The legal opinion will be printed on the Bonds. - 21 1 I - i P1ITHENTIC[TY CF FINANCIAL INFORMATION { The financial data and other information contained herein have been obtained from the City's records, audited financial statements and other sources which are believed to be reliable. { There is ro guaiantee that any of the assumptions or estimates contained herein will be realized. All of the su v ries of the statutes, documents and resolutions contained in this Official Statement are made subject to all of the provisions of such statutes, documents and resolutions. Thesc summaries do not purport to be complete statements of such provisions and reference is made to such documents for further information. Reference is made to original documents in all respects. r FINl44CIAL ADVISOR i First Southwest Company is wloyed as Financial Advisor to the City in connection with the issuance of the Bonds. The F'nsnciat Advisor's fee for services rendered with respect to the, sale of the Bonds is contingent upon the issuance and delivery of the Bonds. First Southwest Company may submit a bid for the Bonds, either independently or as a menber of a syndicate organized to submit a bid for the Bonds. CERTIFICATION OF THE OFFICIAL STATEMENT At the time of poyment for and delivery of the Bonds, the Purchaser will be furnished a certificate, executed by proper officers, acting in their official capacity, to the effect that to the best of their knowledge and belief: (a) the descriptions and statements of or pertain- ing to the City contained in its Official Statement, and any addenda, supplement or amendment thereto, on the date of such Official Statement, on the date of sale oll said Bonds and the acceptance of the best bid therefor, a-d on the date of the delivery, were and are true and correct in all material respects; (b) insofar as the City and its affairs, including its financial affairs, are concerned, such Official Statement did not and does not contain an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading; (c) insofar as the descriptions and statements, includ- ing financial data, of or pertaining to entities, other than the City, and their activities contained in such Official Statement are concerned, such statements and data have been obtained from sources which the City believes to be reliable and that the City has no reason to believe t that they are untrue in any material respect; and (d) there has been no material adverse change in the financial condition of the City since the date of the last audited financial statements of the City. ? The Ordinance authorizing issuance of the Bonds will also approve the form and content of this t Official Statement, and any addenda, supplement or amendment thereto, and authorize its further use in the reoffering of the Bonds by the Purchaser. 3 i I RICHARD 0. STEMART Mayor ATTEST: ID CHARLOTTE ALLEN City Secretary { 5 R ~ I t i 3 t S 22 - a y R E CE.=ICATE FOR ORDIIV IKE CALLING A BCiZ ELECTION I ThE SCATS OF TEXAS ` CC 4TY OF DEZ?Taq CITY OF DEI r Ne, the undersigned officers of said City, hereby certify as follows: The City Coomcil of said City cc)nvened in RFaUtR MEETING ON `Ih'E 2Iv'D DAY OF NOVE+aER, 1982, j at the 2,hunicipai Building (City Fall) , and the roll was called of the duly I constituted officers and r,vfnbers of said City Council, to-wit: Charlotte Allen, City :ecr lu y Richard 0. Stewart, Mayor Dr. A. Ray Stephens Mark Chew Jack Barton Jim Riddlesperger Ch-rtes Hopkins Joe Alford and all of said persons were present, except the following absentees: Charlotte Allen Dr. A. Ra Ste hens , thus constituting a quorum, whereupon, amo-ig other business, the o_ owing was transacted at said .Meeting: a written ORDIIVANCE CALLING A BOND ELDCI`IC"1 was duly introduced for the consideration of said City Council and duly read. It was then duly moved and seconded that said Ordinance be passed; and. after due discussion, said motion, carrying with it the passage of saia Ordinance, prevailed -aid carried by the following vote: AYES: All members of said City Council shown present above voted "Aye". NOES: None. 2. That a true, full, and correct copy of the aforesaid Ordinance passed at the Meeting described in the above arA foregoing paragraph is attached to and follows this Certificate; that said Ordinance has been duly recorded in said City Council's 7dnutes of said Meeting; that the above and foregoing paragraph is a true, full, and correct excerpt from said City Council's minutes of said Mpeetinc, pertaining to the passage of said Ordinance; that t;m_ i persons named in the above and foregoing paragraph are the duly choscii, qualified, and acting officers and members of said City CcR:.icil as irdicat therein; that each of the officers and umbers of said City Council was duly and sufficiently notified officially and personally, in advance, of the time, place, and mu-pose of the aforesaid Y'. t_ing, and that said Ordinance would be introduced and considered for passage at said Meeting; and that said Meeting was open to the public, and public notice of the time, place, and purpose of said meeting was given, all as required by Vernon's Ann. Civ. St. Article 6252-17, 3. That the Mayor of said City has approved, and hereby approves, the aforesaid Ordinance; that the Mayor and the City Secretary of said City have duly signed said Ordinance; and that the Mayor and the City Secretary of said City hereby declare that their signing of this Certificate shall constitute the sigrdng of the attached and following copy of said Ordinance for all purposes S ANDS the 2nd day of NovedDer, 1982, ..e -city' y ( SEAL - - -oratory- - - r- - - P;e, the undersigned, being respectively the City Attorney and the Bond Attorneys of the City of Denton, Texas, hereby certify that we prepared and approved as to legality the attached and fo:+.lowiry Ordinance prior to its passage as aforesaid. C_ Ci y orne - Bond A to eys WAM ORDINANCE 1I6. 82- ORDINANCE CALLING A BOND -ELECTION THE STATE OF TEXAN COUNTY OF DENTON CITY OF DE14TON WHEREAS, it is deemed necessary and advisable to call the election hereinafter ordered; and WHEREAS, it is hereby officially found and determined: that a case of emergency or urgent public necessity exists which requires the holding of the meeting at which this Ordi- nance is passed, such emergency or urgent public necessity being that the proceeds from the sale of the proposed bonds are required as soon as possible and without delay for necessary and urgently needed public i provements; and that said meeting was open to the public, and public notice of the time, place, and purpose of said meeting was given, all as required by Vernon's Ann. Civ. St. Article 6252-17. THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS: 1. That an election shall be held on December 11, 1962, in said City at the following designated polling place: THE DENTON CIVIC CENTER BUILDING. Said City shall zonstitute a single election precinct for said ` election, and the following election officers are hereby F appointed to hold said election: Presiding Judge: Don Pickens ' Alternate Presiding Judge: Jo Luker v 2. That the Presiding Judge shall appoint not less than two qualified election clerks to serve and assist in conducting said election; provided that if t:,e Presiding Judge actually serves as expected, the Alternate Presiding Judge shall be one of such clerks. 3. That by approving and signing this Ordinance the Mayor of said City officially confirms his appointment of the afore- said election officers to serve at said election; and by passing this Ordinance the governing body of said City approves and concurs in the appointment of the aforesaid election officers. 4. That all resident, qualified electors of the City shall be entitled to vote at said election. 5. That notice of said election shall be given by posting a substantial copy of this Ord:'.nance at the City Hall and at three other public places in said City, not less than 15 days prior to the date set for said election; and a substantial copy of this Ordinance al,:o shall be published on the same day in each of two successive weeks in a newspaper of general circula- tion published in said City, the date of the first publication to be not less than 14 days prior to the date set for said election. 6. Teat at said eieci.ion the following PROPOSITI NS shall be submitted in accordance with law: PROPOSITION NO. 1 Shall the Citv Council of the City of Denton be authorized to issue the bonds of said City, in one or more series or issues, in the aggregate principal amount of 58,215,000, with the bonds of each such series or issue, respectively, to mature serially within not to exceed thirty years from their data, and to be sold at such prices and bear interest at such rates, not to exceed the maximum rates permitted by law at the respective times of issuQuce, as shall be determined within the discretion of the City Council, for the purpose of the acquisition of property and making improvements for public purposes in said City, to-wit: street and sidewalk improvements; and shall said City Council be authorized to levy and cause to be assessed and collected annual ad valorem taxes in an amount sufficient to pay the annual interest on said bonds and provide a sinking fund to pay said bonds at maturity? PROPOSITION NO. 2 L. Shall the City Council of the City of Denton be authorized to issue the bonds of said City, in one or more series or issues, in the aggregate pzincipal amount of $3,282,000, with the bonds of each such series or issue, respectively, to mature serially within not to exceed thirty year6 from their date, and to be sold at such prices and bear interest at such rates, not to exceed the maximum rates permitted by law at the respective tines of ?.ssuance, as shall be determined within the discretion of the City Council, for the purpose of the acquisition of property and making improvements for public purposes in !;aid City, to-wit: drainage improvements; and shall said City Council be authorized to levy &nd cause to be assessed and collected annual ad valorem taxes in an amount sufficient to pay the annual interest on said bonds and provide a sinking fund to pay said bonds at maturity? PROPOSITION NO. 3 Shall the City Council of the City of Denton be authorized to issue the bonds of said City, in one or more series or issues, in the aggregate principal e.mount of $218,000, with the bonds of each such series or issue, respactively, to mature serially within nct to exceed thirty years from their date, and to be sold at such prices and bear interest at such rates, not to exceed the maximum rates permitted by law at the respective times of issuance, as shall be determined within the discretion of r the City Council, for the purpose of the acquisition of property and making improvements for public purposes in said City, to-wit: purchasing and improving land for park purposes; and shall said City Council be authorized to levy and cause to be assessed and collected annual ad valorem taxes in an amount sufficient to pay the annual interest on said bonds and provide a sinking fund to pay ` said bonds at maturity? PROPOSITION NO. 4 Shall the City Council of the City of Denton be authorized to issue the bonds of said City, in one or more series or issues, in the aggregate principal amount of $900,0000 with the bonds of each such series or issue, respectively, to mature serially within not to exceed thirty years from their date, and to be sold at such prices and bear interest at such rates, not to exceed the maximum rates permitted by law at the r.?,~pective times of 2 AMMMM~ issuance, as sh-zll be determined of th City w-i thin the disc: ;steis on in Council, for the purpose of the acqpuaiispic.t;:on of property and making improv ements for public said city, to-wit: right of way acquisition and zecons- truction of University Drive; and shall said City Council be authorized to levv and cause to be assessed and -ol- lected annual ad valorem takes in an amount sufficient to pay the annual interest on said bonds and provide a sinking fund to pay said bends at maturity? PROPOSITION NO. 5 Shall the City Council of the City of Denton be authorized to issue the bonds of said Citv, in one or more series or issues, in the aggregate principal amount of X1,100,000, with the bonds: of ea,--h such series or issue, respectively, to mature serially within not to exceed thirty years from their date, and to be sold at such prices and bear interest at such rates, not to exceed the maximum rates permitted by '.aw at the respective times of issuance, as shall be determined within the discretion of the City Council, for the purpose of the acquisition of property and making improvements for public purposes in said City, to-wit: expansion and renovation of the Municipal Buildirg; and shall said City Council be author- ized to levy and cause to be assessed and collected annual ad valorem taxes in an amount sufficient to pay the annual interest on said bonds and provide a sinking fund to pay said bonds at maturity? PROPOSITION NO. 6 i Shall the City Council of the City of Denton be ` authorized to issue the bonds of said City, in one or more series or .'.ssues, in the aggregate principal amount of $450,000, with the bonds of each such series or issue, respectively, to mature serially within not to exceed thirty years from their date, and to be sold at such prices and bear interest at such rates, not to exceed the ` maximum rates permitted by law at the respective times of l issuance, as shall be determined within the discretion of the City Council, for the purpose of the acquisition of property and making improvements for public purposes in said City, to-wit: construction of a new fire substation; and shall said City Council be authorized to levy and cause to be assessed and collected annual ad valorem taxes in an amount sufficient to pay the annual interest on said bonds and provide a sinking fund to pay said bonds at maturity? PROPOSITION NO, 7 shall the City Council of the City of Denton be authorized to issue the bonds of said City, in one or more series or issues, in the aggregate principal amount of $110,000, with the 'ncnds of each such series or issue, :espectively, to mature serially within not to exceed thirty years from their date, and to be sold at such prices and bear interest at such rates, not to exceed the maximum rates permitted by law at the respective times of issuance, as shall be determined within the discretion of the city Council, for the purpose of the acquisition of property and making improvements for public purposes in said City, to-wit: providing additi.nal traffic control signals; and shall said City Council be authorized to levy and cause to be assessed and collected annual ad valorem taxes in an a„,ount sufficient to pay the annual interest 3 ,in said bond; and provide a sinking fund to pay said bonds at maturity? 7. That the official ballots for sa4d election shall be prepared in accordance with the Taxas E_ection Code so as to f permit the electors to vote "FOR" or "AGAINST" the aforesaid PROPOSITIONS, with the ballots to contain such provisions, markings, and language PROPOSITIONS to be expressed substantiallytas follows: such PROPOSITION NO. 1 FOR ) } THE ISSUANCE OF } AND SIDEWALK IMPROVEMENT BONDS AGAINST ) t PROPOSITION NO. 2 FOR ) } THE ISSUANCE OF $3,287.,000 OF DRAINAGE AGAINST IMPROVEMENT BONDS i PROPOSITION NO. 3 FOR ) AGAINST THE ISSUANCE OF $2180000 OF PARK BONDS PROPOSITION NO. 4 FOR ) THE ISSUANCE OF $900,000 OF UNIVERSITY } DRIVE IMPROVEMENT BONDS AGAINST ) PROPOSITION NO. 5 FOR ) THE IS'~jANCE OF $1,100,000 OF MUNICIPAL AGAINST BUILDING IMPROVEMENT BONDS PROPOSITION NO. b FOR ) THE ISSUANCE OF $450,000 OF FIRE SUB- STATION BONDS AGAINST ) PROPOSITION NO. 7 I FOR } THE ISSUANCE OF $110,000 OF TRAFFIC CONTROL SIGNALS BONDS AGAINST ) 8. That it is hereby found and detarminad that the probable period of usefulness of the prcposed improvements covered by the aforesaid PROPOSITIONS is 25 years. 9. That Article 9, Sec. 9.02 of the City Charter contains the following provision and requirts this election ordinance to distinctly specify: 4 "(d) A determination of the net debt of the City after issuance cf the bonds thereby authorized, together with a declaration that the bonds thereby authorized will be within all debt and other limitations prescribed by the Constitution and laws of the State of Texas". The determination is liereby made that the net debt of the City after the issuance of the bonds herein proposed to be submitted will be not more than $27,210,000, and it is hereby declared that said general obligation bonds will be within all debt and other limitations prescribed by the Constitution and laws of the State of Texas. I 1 t I s °e i AFFIDAVIT OF POSTING Z73TICE THE STATE OF TEXAS , COUNTY OF DENTON CITY OF DENTON BEFORE ME, a notarv public in and for the above named County, on this day personally appeared the Affiant whose name is subscribed below, who, having teen duly sworn, says upon oath that on Novembet/ 1, 1982, a true and correct copy of the attached and following NOTICE OF ELECTION was duly posted in the above named City at each of the public places as follows: (a) one at the Municipal Building (City Hall); (b) one at o/r1C (c) one at (d) one at -~-r / A cant SUBSCRI EC AND SWORN TO BEFOP.E ME on November A, 1982. PHYLLIS MORRIS J4c~~ ~trnh~ux,e,atea tary b lc Mq COmcuw Wm AO h ua My commission expires (NOTARY PUBLIC SEAL) M l Ii I y 1 i NOTICE OF ELECTION TH;. STATE OF TEXAS COUNTY OF DENTON , CITY OF DENTON , TO THE RESIDENT, QUALIFIED ELECTORS OF THE CITY OF DENTON, TEXAS: TAKE NOTICE THAT AN ELECTION WILL BE HELD IN THE CITY OF DENTON AS PROVIDED IN AN ORDINANCE CALL- ING A BOND ELECTION DULY PASSED BY THE CITY COUNCIL OF SAID CITY, WHICH ORDINANCE IS SUBSTANTIALLY AS FOLLOWS: k f f s 7 . 1 ORDINANCE NO. 84Z CRDINANCE CALLING A BOND ELECTION THE STATE OF TEXAS COUNTY OF DENTON CITY OF DE14TON WHEREAS, it is deemed necessary and advisable to call the election hereinafter ordered; and WHEREAS, it is hereby officially found and determined: that a case of emergency or urgent public necessity exists which requires the holding of the meeting at which this Ordi- nance is passed, such emergency or urgent public necessity being that the proceeds from the sale of the proposed bonds are required as soon as possible and without delay for necessary and urgently needed public improvements; and that said meeting was open to the public, and public notice of the time, place, and purpose of said meeting was given, all as required by Vernon's Ann. Civ. St. Article 6252-17. THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS: 1. That an election shall be held on December 11, 1982, in said City at the following designated polling place: THE DENTON CIVIC CENTER BUILDING. Said City shall constitute a single election previncc for said election, and the following election officers arF: hereby appointed to hold said election: Presiding Judge: Don Pickens Alternate Presiding Judge: Jo Luker 2. That the Presiding Judge shall appoint not less than two qualified election clerks to serve and assist in condii,;ting said election; provided that if the Presiding Judge act-sally serves as expected, the Alternate Presiding Judge shall be one of such clerks. 3. That by approving and signing this Ordinance the Mayor of said City officially confirms his appointment of the afore- said election officers to serve at said election; and by passing this Ordinance the governing body of saiu City approves and concurs in the appointment of the aforesaid election officers. 4. That all resident, qualified electors of the City shall be entitled to vote at said election. 5. That notice of said election shall be given by posting a substantial copy of this Ordinance at the City Hall and at three other publ?.c places in said City, not less than 15 days prior to the date set for said election; and a substantial copy of this Ordinance also shall be published on the same day in each of two successive weeks in a newspaper of general circula- tion published in said City, the date of the first publication to be not less than 14 days prior to the date set for said election. 11 6. That at said election the following PROPOSITIONS shall be submitted in accordance with law: i f l i a PROPOSITION NO. 1 Shall the City Council of the City of Denton be authorized to issue the bonds of said City, in one or more series or issues, in the aggregate principal amount of $8,215,000, with the bonds of each such series or issue, respectively, to mature serially within not to exceed thirty years from their date, and to be sold at such prices and bear interest at such rates, not to exceed the maximum rates permitted by law at the respective times of issuance, as shall be determined within the discretion of the City Council, for the purpose of the acquisition of property .nd making improvements for public purposes in said City, to-wit: street and sidewalk improvements; and shall said City Council be authorized to levy and cause to be assessed and collected annual ad valorem taxes in an amount sufficient to pay the annual interest on said bonds and provide a sinking fund to pay said bonds at maturity.) PROPOSITION NO. 2 Shall the City Council of the City of Denton be authorized to issue the bonds of said City, in one or more series or issues, in the aggregate principal amount of $3,282,000, with the bonds of each such series or issue, respectivei;,, to mature serially within not to exceed thirty yeas from their date, and to be sold at such prices and bear interest at such rates, not to exceed the maximum rates permitted by law at the respective times of issuance, as shall be determined within the discretion of the City Council, for the purpose of the acquisition of property and making improvements for public purposes in said City, to-wit: drainage improvements; and shall said C City Council be authorized to levy and caus-, to be assessed and collected annual ad valorem taxes in an ' amount sufficient to pay the annual interest on said bonds j and provide a sinking fund to pay said bonds at maturity? PROPOSITION NO. 3 Shall the City Council of the City of Denton be authorized to issue the bonds of said City in one ~>r more series or issues, in the aggregate principal amount of $218100), with the bonds of each such series or issue, respect°.vely, to mature serially within not to exceed thirty years from their date, and to be sold at such prices and bear interest at such rates, not to exceed the maximum rates permitted by law at the respective times of issuance, as shall be deter*.u ned within the discretion of the City Council, for the purpose of the acquisition of property and making improvements for public purposes in said City, to-wit: purchasing and imp:.oving land for park ` purposes; and shall said City Council be authorized to levy and cause to be assessed and collected annual ad valorem taxes in an amount sufficient to pay the annual interest on said bonds and provide a sinking fund to pay sai,' bonds at maturity? PROPOSITION NO. 4 Shall the City Council of the City of Denton be authorized to issue.'the bonds of said City, in one or more series or issues, in the aggregate principal amount of $900,000, with the bonds of each such series or issue, respectively, to mature serially within not to exceed ` thirty years from their date, and to be sold at such prices and bear interest at such rates, not to exceed the maximum rates permitted by law at the respective times of 2 `t Z issuance, as shall be determined within the discretion of the City Council, for the purpose of the acquisition of property and making improvements for public purposes in said City, to-wit: right of way acquisition and recons- truction of University Drive; and shall said Citv Council be authorized to levv and cause to be assessed and col- lected annual ad valorem taxes in an amount sufficient to pay the annual interest on said bonds and provide a sinking fund to pay said bonds at maturity? PROPOSITION NO. 5 Shall the City Council of the City of Denton be authorized to issue the bonds of said City, in one or more series or issues, in the aggregate principal amount of $1,100,000, with the bonds of each such series or issue, respectively, to mature serially within not to exceed thirty years from their date, and to be sold at such prices and bear interest at such rates, not to exceed the maximum rates permitted by law at the respective times of issuance, as shall be determined within the discretion of the City Council, for the purpose of :he acquisition of property and making improvements for public purposes in said City, to-wit: expansion and renovation of the Municipal Building; and shall said City Council be author- ized to levy and cause to be assessed and collected annual ad valorem taxes in an amount sufficient to pay the annual interest on said bonds and provide a sinking fund to pay said bonds at maturity? PROPOSITION NO. 5 Shall the City Council of the City of Denton be authorized to issue the bonds of said City, in one or more series or issues, in the aggregate principal amount of $450,000, with the bonds of each such series or issue, respectively, to mature serially within not to exceed thirty years from their dat and to be sold at such prices and bear interest at such rates, not to exceed the maximum ra+-es permitted by law at the respective times of issuance, as s`nll be determined within the discretion of the City Council, for the purpose of the acquisition of property and making improvements for public purposes in said City, to-wit: construction of a new fire substation; and shall said City Council be authorized to levy and cause to be assessed and collected annual ad valorem taxes in an amount sufficient to pay the annual interest on said bonds and provide a sinking fund to pay said bonds at maturity? l eROPOSITION NO. 7 Shall the City Council of the City of Denton be authorized to issue the bonds of said City, in one or more series or issues, in the aggregate principal amount of $110,000, with the bonds of each such series or issue, rf?spectively, to mature serially within not to exceed thirty years from their date, and to be sold at such prices and bear interest at such rates, not to exceed the maximum rates permitted by law at the respective times of issuance, as shall be determined within the discretion of the city Council, for the purpose of the acquisition of II property and making improvements for public purposes in said City, to-wit: providing additional traffic control ` signals; and shall said City Council be authorized to levy ` and cause to be assessed and collected annual ad valorem taxes in an amount sufficient to pay the annual interest i i 3 t r tS '2. on said bonds and provide a sinking fund to pay said bonds at maturity? 7. That the official ballots for said election shall be prepared in accordance with the Texas Election Code so as to permit the electors to vote "FOR" or "AGAINST" the aforesaid PROPOSITIONS, with the ballots to contain such provisions, markings, and language as required by law, and with such PROPOSITIONS to be expressed substantially as follows: PROPOSITION NO. 1 FOR ) THE ISSUANCE OF $8,215,000 OF STREET AND SIDEWALK IMPROVEMENT,BONDS f *rAINST ) f PROPOSITION NO. 2 FOR ) THE ISSUANCE OF $3,282,000 OF DRAINAGE IMPROVEMENT BONDS AGAINST ) PROPOSITION No. 3 FOR ) ` I THE ISSUANCE OF $218,000 OF PARK BONDS AGAINST ) ` PROPOSITION NO. 4 FOR ) THE ISSUANCE OF $900,000 OF UNIVERSITY DRIVE IMPROVEMENT BONDS AGAINST } PROPOSITION NO. 5 FOR } THE ISSUANCE OF $1,100,000 OF MUNICIPAL BUILDING IMPROVEMENT BONDS AGAINST ) PROPOSITION NO. b FOR ) THE ISSUANCE OF $450,000 OF FIRE SUB- STATION BONDS AGAINST ) PROPOSITION NO. 7 FOR } THE ISSUANCE OF $110,000 OF TRAFFIC CONT::OL SIGNALS BONDS AGAINST ) 8. That it is hereby fount and determined that the probable period of usefulness of the proposed improvements covered by the aforesaid PROPOSITIONS is 25 years. 9. That Article 9, Sec. 9.02 of the City Charter contains the following provision and requires this election ordinance to distinctly specify: 4 r' "r 11(d) A determination of the net debt of the City after is;; ance of tie bonds thereby authorized, together with a declaration thav: the bonds thereby authorized will be within ell debt and other limitations prescribed by the Constitution and laws of the State of Texas". The determination is hereby made that the net debt of the City after the issuance of the bonds herein proposed to be submitted will be not more than $27,210,000, and it is hereby declared that said general obligation bonds will be within all debt and other limitations prescribed by the Constitution and laws of the State of Texas. I 1 I I I I I 1 p I I i 1 1 5 AFFIDAVIT OF POSTING NOTICE THE STATE OF TEXAS CO'JNTY OF DENTON CITY OF DENTON , BEFORE ME, a notary public in and for the above named County, on this day personally appeared the Affiant whose name is subscribed below, who, having been duly sworn, says upon oath that on November l , 1982, a true and correct copy of the ` attached and following NOTICE OF ELECTION was duly posted in f the above named City at each of the public places as follows: (a) one at toe~lunicipal Building (C'ty Hall); (b) one at h (c) one a'•. (d) one at A is SUBSCRIBED AND SWORN TO BEFORE on November, 982. 1 XAMM SOOT[ ' Oft?dk1W0TM Notary Pub 1 w4~r~t~rirw ius V My commission expires (NOTARY PUBLIC SEAL) I AVISO DE ELECCIONES ESrADO DE TEXAS , ` CONDADO DE DENTON ` CIUDAD DE DENTON , A LOS RESIDENTES, CON DERECHO A VOTAR, DE LA CIUDAD DE DENTON: SE LES HACE SABER QUE unas elecciones tomaran lugar en la Ciudad de Denton tal como se estipula en la 4 ~ ORDENAN W ZA LLAMANDO A LAS ELECCIONES, cual Ordenanza M fue debidamente dada por el Cuerpo de Consejeros Municipales cue dicha Ciudad, y cual ORDENANZA dice sustancialmente como a continuacion sique: I A per,' y k EL ESTADO DE TEXAS CONDADO D£ DENTON CIUDAD DE DENTON CONSIDERANDO, que se juzga necesario y conveniente el llamar a las elecciones de aqui en adelante ordenadas; y CONSIDERANDO, que oficialmente se encuentra y determina aqui qua existe un caso de emergencia de necesidad publica urgente el cual requiere que tenga lugar una reunion en la cual esta ordenanza sea pasada, siendo tal emergencia de necesidad publica urgenta la necesidad de adquirir los fonaos ha obtenerse con la venta de los bonos propuestos, sin retrascsp y to mas pronto posible, para el fin de utilizarse para mejoras publicas urgentes y necesarias; y qua dicha reunion se hizo publica, habiendose publicado la Nora, la fecha, el lugar, y el proposito de dicha reunion, todo tal Como esta estipulado por Vernon's Ann. Civ. St. Articulo 6232-17. i POR CONSIGUIENTE, ORDENA EL CUERPO DE CONSEJEROS MUNICIPALES DE LA CIUDAD DE DENTON: 1. Que se sostendran unas elecciones el dia 11 diciembre de 1982, en dicha Ciudad an ios siguientes lugares de votacion: CIUDAD DE D£NTON CIVIC CENTER DENTON, TEXAS Dicha Ciudad sc constituira en un solo precinto de votacion para tales elecciones, y los siguientes oficiales de elecciones son aqui nombrados para sostener tales elecciones: E1 Juez que Preside: Don Pickens E1 Juez Alterno que Preside: Jo Luker 2. Que el Juez que Preside nombrara no menos de dos oficinistas dependiente:, calificados para servir y asistir en el conducto de dichas elecciones; y si el Juez qua Preside actualmente sirve Como expresado, entonces el Juez Alterno debera de ser uno de tales dependientes. 3. Que al aprobar y firmar esta ordenanza el Alcalde IMayor) de dicha Ciudad oficialmente confirms el nombramiento de dichos oficiales de votacion para servir en dichas elecciones,; y al pasar esta Ordenanza el Cuerpo de Concejales de dicha Ciudad aprueba y esta conforme con los nombramientos de dichos oficiales de votacion. 4. Que todos los electores residentes y calificados de dicha Ciudad tendran el derecho a votar en dichas elecciones. 5. Que se dara noticia publica de dichas elecciones exhibiendo una copia fidedigna de esta Ordenanza en las Oficinas Municipales de dicha Ciudad, y en otros tres lugares publicos an dicha Ciudad, no menos de 15 dias de anterioridad de la fecha fijada para sostener dichas elecciones y tambien se pubiicara una copia fidedigna de esta Ordenanza an el mismo dia de cada una de dos semanas sucesivas en un diario (periodico) de circulacion general en dicha Ciudad, y tambien se publfcara en el Condado is fecha de la primera publicacion pera con no menus de 14 dias de anterioridad a la fecha fijada para,dichas elecciones. 6. Que en dichas elecciones las siguientes PROPUESTAS seran sometidas de acuerdo a la ley: i I I r PROPUESTA h0. i Si se le autoriza al Cuerpo do Consejeros Munici- pales de la Ciudad de Denton el em:.tir los bonos de dicha Ciudad, en una o mas series de emision, en el monto principal agregado de $8,2151000, con, los bonos de cada tal serie o emision, respectivamente, a vencerse por serie dentro de pero no execediendo treinta anos desde su fecha de emision, y de ser vendidos a tales precios y acarrear tales promedios de intereses, de acuedo a la ley, como se ` determine a discrecion del Cuerpo de Consejeros I Municipales, con el fin de la adquisicion de propiedad y haciendo majoras pare proposito publick) en la Ciudad, a saber: mejoras a Galles y veredas; y si. se le autoriza a dicho Cuerpo de Consejeros Municipales el asignar y ocasionar el fijar y coleccionar de i.mpuestos ad valorem anuales en una cantidad suficiente Mara pagar los in- teresas anuales sobre dichos bonos y el mantener una caja de amortizacion para pagar dichos bonos al vencerse estos? PROPUESTA NO. 2 Si se le autoriza al Cuerpo de Consejeros Munici- pales de la Ciudad de Denton el emitir los bonos de dicha Ciudad, en una o mas series de emision, c:n el monto principal agregado de $3,282,000, con ios bonos de cada tal serie o emision, respectivamente, a vencerse por serie dentro de pero no execediendo treinta anon desde su fecha de emision, y de ser vendidos a tales precios y acarrear tales promedios de ;ntereses, de acuedo a la ley, como se determine a discrecion del Cuerpo de Consejeros Municipales, con el fin de la adquisicion de propiedad y haciendo majoras para proposito publico en la Ciudad, a saber: mejoras al drenaje; y si se le autoriza a dicho Cuerpo de Consejeros Municipales el asignar y ocasionar el fijar y coleccionar de impuestos ad valorem anuales en una cantidad suficiente para. pagar los intereses anuales sobre dichos bonos y el mantener una caja de amortizacion para pagar dichos bonos al vencerse estos? PROPUESTA NO. 3 Si se le autoriza al Cuerpo de Consejeros Munici- pales de la Ciudad de Denton el emitir ios bonos de dicha Ciudad, en una o mas series de emision, en el monto principal agregado de $:18,000, con los bonos de cada tat serie o emision, respectivamente, a vencerse por serie dentro de pero no execediendo treinta anos desde su fecha de emision, y de ser vendidos a tales precios y acarrear tales promedios de intereses, de acuedo a la ley, como se determine a discrecion del Cuerpo de Consejeros Municipales, con el fin de la adquisicion de propiedad y haciendo majoras para proposito publico en la Ciudad, a saber: comprar y mejorar sitio para proposito de parque; y si se le autoriza a dicho Cuerpo de Consejeros Municipales el asignar v ocasionar el fijar v coleccionar de impuestos ad valorem anuales en una cantidad suficiente para pagar los intereses anuales sobre dichos bonos y el mantener una caja de. amortizacion para pagar dichos bonos al vencerse estos? pROPUESTA NO. 4 Si se le autoriza al Cuerpo de Consejeros MunLci- pales de la Ciudad de Denton el emitir loz bonos de dicha Ciudad, en una o mas series de emision, e,i ei monto principal agregado de $900000, con los bonos de cada tal serie o emision, respectivamente, a vencerse por serie 2 dentro de pero no execediendo treinta anos desde su fecha de emision, y de ser vendidos a tales precios y acarrear tales promedios de intereses, de acuedo a la ley, como se determine a discretion del Cuerpo de Consejeros Municipales, con el fin de la adquisicion de propiedad y haciendo majoras para proposito publico en la Ciudad, a saber: adquisicion de derecho de paso y reconstruction de University Drive; y si se le autoriza a dicho Cuerpo de Consejeros Municipales el asignar y ocasionar el fijar y coleccionar de impuestos ad valorem anuales en una canti- dad suficiente para pagar los intereses anuales sobre dichos bonos y el mantener una caja de amortizacion para pagar dichos bonos al vencerse estos? PROPUESTA NO. 5 Si se le autoriza al Cuerpo de Consejeros Munici- pales de la Ciudad de Denton el emitir ios bonos de dicha Ciudad, en una o mas series de emision, en el monto principal agregado de $1,100,000, con los bonos de cada. tal serie o emision, respectivamente, a vencerse por serie dentro de pero no execediendo treinta anos desde su fecha de emision, y de ser vendidos a tales precios y acarrear tales promedios de intereses, de acuedo a la ley, como se determine a discretion del Cuerpo de Consejeros Munici- pales, con el fin de la adquisicion de propiedad y hacien- do majoras para proposito publico en la Ciudad, a saber: expansion y renovation del Edificio Municipal; y si se le autoriza a dicho Cuerpo de Consejeros Municipales el asignar y ocasionar el fijar y coleccionar de impuestos ad valorem anuales en una cantidad suficiente para paqar los intereses anuales sobre dichos bonos y el mantener una caja de amortizacion para pagar dichos bonos al vencerse estos? PROPUESTA NO. 6 Si se le autoriza al Cuerpo de Consejeros Munici- pales de la Ciudad de Denton el emitir los bonos de dicha Ciudad, en una o mas series de emision, en el monto principal agregado de $450,000, con los bonos de cada tal serie o emision, respectivamente, a vencerse por sl2rie dentro de Pero no execediendo treinta anos desde su fecha de emision, y de ser vendidos a tales precios y acarrear J tales promedios de intereses, de acuedo a la ley, como se determine a discretion del Cuerpo de Consejeros Municipales, con el fin de la adquisicion de propiedad y haciendo majoras para proposito publico en la Ciudad, a saber: construction de una nueva subestacion de bomberos; y si se le autoriza a dicho Cuerpo de Consejeros Munici- pales el asignar y ocasionar el fijar y coleccionar de impuestos ad valorem anuales en una cantidad suficiente para pagar los intereses anuales sobre dichos bonos y el mantener una caja de amortizacion para pagar dichos bonos al vencerse estos? ` PROPUESTA NO. ? Si se le autoriza al Cuerpo de Consejeros Munici- pales de la Ciudad de Denton el emitir los bonos de dicha Ciudad, en una o mas series de emision, en e1 monto principal agregado de $110,000, con Ios bonos de cada tal serie o emision, respectivamente, a vencerse por serie dentro de pero no execediendo treinta anos desde su fecha de emision, y de ser vendidos a tales precis y acarrear tales promedios de intereses, de acue<:o a la ley, como se determine a discretion del Cuerpo de Consejeros Municipales, con el fin de la adquisicion de propiedad y haciendo majoras para proposito publico en la Ciudad, a f I 3 i I i saber: proveer senas adiciorales para control de transito; v si se le autoriza a dicho Cuerpo de Consejeros Munici- paler el asig:iar y ocasionar el fijar y coleccionar de impuestos ad valorem anuales en una cantidad suficiente para pagar los intereses anuales sobre dichos bonos v el mantener una caja de amortizacion para pagar dichos bonos al vencerse estos? F 7. Que los balotes oficiales para dichas elecciones se prepararan de acuerdo con el Codigo de Elecciones de Texas para asi permitir al elector e1 votar "A FAVOR" o "EN CONTRA" de las t antesidichas PROPUESTAS, tales balotes a ser sustancialmente escritos conteniendo tales prcvisiones, marcas, a idioma como to requiere la ley, y que tales PROPU£STAS reran sustancial- mente expresadas como sique: PROPUESTA 110. 1 A FAVOR DE ) LA EMISION DE BONOS DE $8,2151000 PARA MEJORAS DE CALLES Y VERDAS EN CONTRA } PROPUESTA NO. 2 A FAVOR CAE ) } LA EMISION BE BONOS DE $3,282,000 } PARA MEJORAS AL DRENAJE EN CONTRF, ) PROPUESTA NO. 3 A FAVOR DE } LA EMISION DE SONOS DE $218,000 PARA PARQUE EN CONTRA ) PROPUESTA NO. 4 A FAVOR DE ) LA EMISION DE BONOS DE $900,000 PARA MEJORAS A UNI~BRSITY DRIVE EN CONTRA } PROPUESTA NO. 5 A FAVOR DE } } LA EMISION DE BONO$ DE $1,100,000 PARA MEJORAS AL EDIFICIO MUNICIPAL EN CONTRA ) PROPUESTA NO. 6 A FAVOR UE ) LA EMISION DE BONOS DE $450,000 PARA SUBESTP.,-'ION DE BOMBEROS EN CONTRA } P:OPUESTA NO. 7 A FAVOR DE ) LA EMT`"-,N DE BONOS OE $110,000 PARA DE CONTROL DEL TRANSITO EN CONTRA ) 8. Que por este medio se encuentra y se determina que e3 tiempo probable de utilidad de las mejoras propuestas cubridas por cada antesdicha PROPUESTAS es 25 anos. i 4 J `a, 'P 9 Cue Ar*_iculo 90 Sec. 9.02 ale la Carta Constitutional municipal contiene la siguiente estipulacion y requiere que esta erdenanza de election distinctamente estipule: "(6) una determination de is deuda neta de la Ciudad despues de la emision de los bonos por este medio autorizados, juntamente con una declaration que los bonos por este medio autorizados estaran dentro de todas las deudas y otras limitaciones prescribidas por la Constitucion y las leyes del Estado de Texas."; y La determination esta por este medio hecha que la deuda neta de J la Ciudad despues de la emision de los bonos aqui dentro 1 propuestos a ser sometidos sera no mas de $27,210,000, y esta por este medio declarado que dichos bonos de obligation general I estaran dentro de toda deuda y otras limitaciones prescribidas por a Constitucion y las leyes del Estado de Texas. t ~f I j I I f i ~ F 1 i f 1 c~ AFFIDAVIT OF PUBLICATION THE STATE OF TEXAS = COUNTY OF DENTON = i CITY OF DENTON i BEFORE ME, a notary public in and for Denton County, Texas, on this day personally appeared the person whose name is subscribed below, who, having been duly sworn, says upon oath that he or she is a duly authorized officer or employee of the "Denton Record-Chronicle", which is a newspaper of general circulation published in the City of Denton, Texas; and that a true and correct copy of the NOTICE OF ELECTION, a clipping of which is attached to this Affidavit, was published in said newspaper on the following dates: November 18, 1982 November 21, 1982 November 251 1 Authorized fficer or Em yen SUBSCRIBED AND SWORN TO BEFORE ME on the 30 day of November , 1982. I~ Notary Public My commission expires 11-5-85 } (NOTARY PUBLIC SEAL) I "I ~i ~I ;r r~ i i 1 +j i ~ t PUBLICNOTICES PUBLIC NOTICES MWM; and mall saki City and language as required by CMWKll be authorized to levy law, and with such PRO- . and cause to be assessed and POSITIONS to be expressed collected annual ad vaorem substantially a$ Wows: sexes In an amount sufficient PROPOSITION NO.1 10 pay the annual Interest on FOR said bonds and pra,lde a AGAINST sinking fund tO pay said THE ISSUANCE OF bonds at maturity? 51,21S,M OF STREET AND PROPOSMON NO. 3 SIDEWALK IMPROVE- Shall the City Council of the MENT BONDS City of Denton be authorized PROPOSITION NO.2 to Issue Me bonds of sold FOR NOTICE OF ELECTION City, in we Or more series Or AGAINST Issues, In the aggregate THE ISSUANCE OF THE STATE OF TEXAS prINIPal amount Of $211,000, $2,2$2,000 OF DRAINAGE COUNTYOF DENTON with the bonds of each win IMPROVEMENT BONDS CITVYOFDENTON or ssue, respectively, to PROPOSITION NO. 3 TO THE RESIDENT, QUAL• mature serla.;l within not to FOR IFIED ELECTORS OF THE exceed thirty years from AGAINST CITY OF DENTON, TEXAS: their date, and to be sold at THE ISSUANCE OF SIMM TAKF NOTICE THAT AN such prices and bear Inter est OF PARK BONDS ELECTION WILL BE HELD at such rates, not to exceed PROPOSITION NO. a IN THE CITY OF DENTON the maximum rates FOR AS PROVIDED IN AN OR, permitted by law at the AGAINST DiNANCE CALLING A respectiveFmes at Issuance, THE ISSUANCE OF !900,000 BOND ELECTION DULY as shall be determined within OF UNIVERSITY DRIVE PASSED BY THE CITY the discretion of the City IMPROVEMENT BONDS COUNCIL OF SAID CIT\', Council, for the purpose of PROPOSITION NO.S WHICH ORDINANCE IS the acquisition of property FOR SUBSTANTIALLY AS and making Improvements AGAINST FOLLOWS: for public purposes In sold THE ISSUANCE OF ORDINANCE NO.N-M City, to-wif: purchasing and S1,100,000 of MUNICIPAL ORDINANCE CALLING A Improving land for park BUILDING IMPROVE- BOND ELECTION purposes; end shall said City MENTS BONDS - THE STATE OF TEXAS Council be authorized to levy PROPOSITION NO.6 COUNTYOF DENTON and cause to be assessed and FOR CITYOF DENTON collected annual ad valorem AGAINST WHEREAS, It Is deemed taxn In an amount sufficient THE ISSUANCE OF SHAM neces»rypnd advisable to to pay the annual Interest on OF FIRE S1,18STATION calf the election hereinafter said bonds and provide a BONDS orderedi and sinking fund to pay said PROPOSITION NO.7 WHEREAS, It is hereby of- bonds at maturity? FOR flcially found and do. PROPOSITION NO.e AGAINST termined: that a case Of Shall the City Council of the THE ISSUANCE OF $110,000 emergency or urgent public City of Denton be authorized OF TRAFFIC CONTROL necessity exists which re. to Issue the bonds of said SIGNAL BONDS quires the holdin,( of the City, in one or more series or S. That is hereby found and meeting at which this Ordl• issues, In the aggregate determined that the Probable mace is passed, such principal amount of S90Q000, period Of usetulnMS Of the ,emlergenCif Or urgent public with the bonds of each series proposed improvements necessity being that the or issue, respectively, to covered by tho aforesaid proceeds from the sale of the mature aerlatly within not to PROPOSITIONS Ia2Syears. proposed burros are required exceed thirty years from 9. That Article 9, Sec. 9 02 Of as soon as possible and their date, and to be sold of the City Charter contains the without delay for necessary such prices and bear Interest following provision and re* and urgently needed public at such rates, not to exceed quirnthiseiectlonOrdinance improvements; and that said the m a x i m u m rates to distinctly spaclf y: meeting was OW to the permitted by law of the 11(d)A determination Of the pubrK, and pyblk notice Of respective times of Imuance, net debt of, the City after the time, place, and purpose as shall be deform in ad within Issuance of the bonds thereby of sold meeting was given, the discretion of the City suttartzed, together. with a all as required by Vermont's Council, for the purpose of declaration that the bonds CIv.St.Ar1icle62S2-17, the acquisition of property thereby authorized will be THE COUNCIL OF THE and making improvements within all debt and Ofhet C I T Y OF D E N T O N for public purposes In said Ilmitatlofts prescribed by fed HEREBY ORDAINS: City, to-wit: right of way Constitution and laws Of the 1. That an election shall be acquisition and reconstru:• Stale of Texas." held on December 11, 1982, in tan of University Drive; and The determination Is hereby said City of the following shall said City Council be made rhat the net debt of the designated pulling place: authorized to levy and cause City after the Issuance Of the THE DENTON CIVIC to be assessed and collected bads herein proposed to be CENTER BUILDING annual ad valorem taxes in submitted will be not more Said City shall 0000 site a an amount sufficient to pay that $27,210,000, and H Is single election precinct for the annual Interest on said hereby declared that said Sol&electian, and the follow- bonds and provide a sinking general obligation bonds will Ing' election officers are fund to pay said bonds at be within all debt and Other hereby appointed to hold said maturity? IfmHatans prescribed by the election: PROPOSITION NO. S Constitution and laws of the PrAlding Judge: Don shim tha City Council of the State of Taxes. Pickens City of Oenton be authorized Affeinete Presiding Judge: to issue the bads of Said Jo Luker City, in one or me'a serits or 2. That the Presiding Judge issues, in the aggregate shall apP01M not less than p r i n c i p a l amount Of W iluslifled election clerks $1,100,00. with the bonds of to delve ant assist In con- each such send or Issue, ducting said election; Pro- respectively, to mature villa that if the Presiding serially within not to exceed Judge actually served as th irty years from their date, expected, the Alternate Pro- " to be sold at such prices siding Judge Shall be One Of and bear Interest at such Such clerks. rates, not to exceed the 2. That by approving and maximum rates permitted alg4lr9 this Ordinance the by law at the respective Maya of said City officially times of issuance. as shall be totorms his appointment of determined wlthin the dis- tM_ aforesaid election of. cretlon of the City Council, Man to lerve of said elac• for the purpose of the ac• tlodi and by passing this qulsltton of property and Ordinance the governing making Improvements for body of sold City approves public purposes in Said City, and corurs In the appoint- tgwit: expansion and re- me4l of the aforesaid elee• ndvatlon Of the Municipal Honoffleers. Buil(Alf,'and shall said City 1. jjat all resident qualified council be authorized to levy ellcfors of the Cih/ shaihEe and cause to be assened and 00f ed to vote a: said elec• collected annual ad valorem II That notice of said election faxes in an amount "ki-ml to pay the annual (Merest on shag be given by posting a s•ld bonds and provide a substantial copy of this Ordl- sinking fund to pay sold hargrat the City Hell and of bonds sl maturity? . three other public places in PROPOSITION NO.6 said City, not less than iS Shall the City Council of the days prior to the date sit for City of Denton be authorized tale election; and a substan• to Issue the bonds' d, said fiat. copy Of this Ordinance City, In one or mort series or also shall be published on the Issues, in the aggregate Bahia day in each of two principal amount of !130,000. successive weeks In a news- with the bonds of each such poor of general circulation series or Issue, respectively, published In said City, the to mature serially within not dat? Of the first publication to exceed thirty years from to be not less than 11 days their date, and to be sold at pr to the date Be? for sold such prkes and bear Interest election. at such rates, not to exceed 6. That of sold election the the maximum rates following PROPOSITIONS pormltled by law at the shall be submitted In ac• re:pOCllve timer of Issuance, 1. TAa1 an elections tl De "IT! TWIT a RaY Conslifufion end laws of tnq held on December 11, 1987, in acquisition and rKOnslruc• Shied Fexas." Bald City at the followt ti0^ d Uhiverslty privet and The dNerminotl0n Is hereby dnfgnafe0 polling place: shelf sold GfY COUncII be made that the het dab" of the THE OfNTONCIVIC authorized to Fairy and cause CHy alter the'Marco d the CENTER BUILDING to be assessed and collected bendy herein proposed To be Sold CI1Y shell constitute a annual ad vaorem texts In sufxnlHed will be not more tingle election Dracifx:t for &I amount sufficient to pay that 6 ld the annual fnfarnf on said herby declared that sold N election, and the follow. 21,710.000, and it is bonds and provide a sinking gerterol obligation bnir:, will Ing election officers are fund to pay said bonds of be within all debt and other hereby appointed 10 hold said maturity? limitations prescribed by the election' PROPOSITIONNO.S Constitution and laws of the Presiding Judge: Don Shall the City Council of tixt SteleofTexas. Pickens City OF Denton be authorized Aitefnale Presiding Judge: 10 issue the bonds of saki Jo Luker City, in ben or more series or 7. That Ihe Presiding Judge Issues, in the aggrtgate shall appoint roof Ins then princlpal amount of twd'qualifled election clerks 61,100,000, with the bonds of to serve and assist In con. each such series or Issue, ducting said election; pro- respectively, to mature vldeE that It the Presiding serially within not to exceed Judge actually serves as thirty years from their date, expected, the Alternate Pre- and to be sold at such prices sldhtg Judge Shall be oft Of any poor Interest at such sucbclerks, rates, not to exceed the ] That by aPPrOvtng are maximum rates permitted sign this Ordinance the by law at the respective Mayor of said City officially times of Issuance, as Shell be confirms his appointment of determined within the dis- the. aforesaid election of- cretion of the City Council, fkers to Serve at said elec. for the purpose of ft oc• lion; and by passing this quisition of property and Ordinance the governing making Improvements for body of sold City approves public purposes In said City, and concurs in the appoint toawif: expansion and re- meth of the OFOreMb eltC• ii of the Municipal lion officers. Building; and shall said City a• Teat all resfdenb qualified CounclI be authorized to levy e4ctors of the City shall be and cause to be assessed and 'entitled to vote at said elec- collected annual Aid valorem tion, faxes in an amount suffklent S. That notice of said election to pay the annual Interest on shall be given by posting a said bonds and provide a substantial copy of this Ordl. sinking fund to pay said ranee at the City Nell and at fonds at maturity? three other public places In PROPOSITION NO.a said City, not lets than 15 Shall the City Council Of the dais prior to the data set for City of Denton be authorized sold election; and a sufntan- to Issue the bonds of said tlel. copy Of this Ordinance City, in one or more serin or also shall be publishrrd on the Issues, in the aggregate same day In each of two principal amount of MON. SMOSSIvo weeks In a news- with the bonds of each such po*r of general circulation serln or Issue, respectively, published In sold City, the to mature serially within not dal? of the first publication to exceed thirty years from 1Cipbe not less than 14 days their date, and to be sold at prW tQ the date set for sold Such prices and bear Interest election. at such rates, rat to exceed 6. That at said election the the max 1 m u rot 'rate t following, PROPOSITIONS permitted by law at the snail be submitted in ac- respsctive times Of MY41 , corpancewlihtaw: asshellbe deform tried Within PROPOSITION NO.1 the discretion of ft City Shell the City Council of the council, for, the purpose OF Ciftf of Denton be authorized the acquisition of property to issue the bonds Of said alp making Improvemenh Citly, In one or more win or For public pxposee In said Issues, in the aggregate city, to-wit: construction of p r 1 n c i p a h amount Of a new fire substation; and 118,715,000, with the bands of shall sib City Council be each series or Issue, respec- authorized to levy and cause Lively, to mature Serially to be assessed and collected w[Mln not to exceed thirty annual ad valorem taxes in yeas from the ir date, and 10 an amount suffktenf to pay be sold of such prices and the annual Interest on said bead Interns at such rates, bonds and provide a sinking not fo exceed the maximum fund to pay said bonds at rags permitted by law of the maturity? respective limas of Issuance, , PROPOSITION NO./ as ail be determined within lien discretion of the City Shall the City Council of the City Denton on auth Council, For the purpose of tc issue authorized the;acrruisltion Of the bonds of said Property City, In one or more Ser{es or and making Improvements Istws, in the aggregate for'publk purposes M said principal amount of 61)0,000, City, to-wit: street and side with the bonds of each such warp Improvements; and series or issue, respectively, shall sold City Council be Wmature serially within not authorized to levy and cause to exceed thirty years from to be assessed and collected their date, and to be sold of &Yo.&bl ad vaorem taxes In such prices and bear Interest an;tmount sufficlont to pay af'such rates, not to exceed the onewaf Interest on Sold the maximum roles "arlp provide a sinking permitted by few of the f fund to pay sold bonds at respective fames of issuance, ma141rFty7. ' as shall be cWermined within ROPOSITION N0.4 the discretion d • the City Shell the City Council of the council, for the purpose d Cltj bf Denton be authorized the acquisition Of property f0 4uw that bonds of said end making ImprOVments for CIO, in one or more series or pubilc purposes In sold City, Issues, In the aggregate *wit: providing additional prtgcipal amount of traffic control Signals; and 67,764,000, with the bonds e' eh II said City COUncll be Such series Or Issue, authorized to favy and cause net actively, to mature 10 be assessed and collected serially within not to exceed annual ad 'valgrem texts In I'M years from the date, yes amount suHi4lenf b pay ift4 to be sold it Such prices the annual interest on said and bear Interest at such bojys and provide a sinking rates, not fat exceed the fund to pay said bonds at Inabimum rates permitted ytu by law at the respective P. that be Official bSIWS i0r vi Of issuance, N 0a 11 be said election shell be pro- determined within NM dts poled in accordance with the '"4'* of the City Council, Texas Enaction Code to as to tor. the purpose W the a!• permit the electors to vote quf11ilion o! pr6perfY and "FOR" or "AGAINST" the me I4 improvements for aforesaid PROPOSITIONS, pubfk purposes In uid CIly. wlih the ballots to contain to ~rjt: drainage improvt such provisions, markings, r 1 ' G vided If at if the Presidin serially W1fhln not to weed Judp actually serves as thirty years from their date, expected, the Alternate Pre- and t+ of sold at such prices Sidkg Judge shell be Ohe of and bear interest at such sucbclocks, rates, not to exceed the 3. That by approving and maximum rates permitted si9Jling this Ordinance. tries by law +I the raapdetiw Mayor of said City offklally tines of Issuance, so etsaN be c"rM1 his appointment Of determined within the dis• She. aforesaid elect" of- cretion of the City Council, ficers to serve at said ofec- for the purpose of the ac- Lion; and by passing this Qui•ltion of property and Ordinance the governing making IMProvemMta for body of said City aPprovn public purposes In said City, and concurs In the appoint, to-wit: expansion and re. Mehl of the aforesaid eleC, novation of the Municipal tionofficers. Building; and shall said City a. Teat all resident, qualified Council be authorized to levy electors of the City shall be and Cava to be assessed and entitled to vote at said efec, collected annual ad valorem lion. taxes in an amount sufficient S. That notice of sold election to pay the annual interest on Shari be given by POStin9 a said bonds and Provide a substantial copy of this Ordl sinking fund to pay bald hance at the City hall and at 6yxh at maturity? three other public places in PROPOSITIONNO.6 Said City, not less than 15 Shall the City Council Of IM days prior to the date set for City of Denton be autWtzed Safe elecflonz and a substan• to issue the bonds of said fiat copy of this Ordinance City, in one or more series Or also shall be published on the Issues, in the a9gre0e1e same day In each of two principal amount of }450,0110, successive weeks In a news- with the bonds of each such Paper Of general circulation series or Issue, respectively, published In said CRY, the 'o mature serlatly within not dal? of the first putkkation •0 exceed thirty yean from to be not Sess than 11 days heir date, and to t .old ai prior to the dale set for said such prices and bear interest election. at such rates, not la exceed 6. That at slid election the the maximum rates following PROPOSITIONS permitted by law of I'M shall be submitted In ac• respective time Of issuance, cor"rice with low: as shalt be defermlMdwithin PROPOSITION NO.I tin discretion of the City Shall the City Council Of the Council, for the Purpose Of City of Denton be authorized tin acqulsition of property to issue tin bonds of said and making Improvements CIW, in one or mere series Or for public purposes M sold issues, in the aggregate City, lowft: construction of prTnclpal amount of a new fire substation: and 1e,21SA00, with The bonds Of shall said City Council be each series or Issue, respec• authorized to few and cause fivily, 10 mature serially to be assessed and collected within not to exceed thirty annual ad valorem taxes In years from their dale, and to an amount sufficient to Pay be sold a1 such prices and the annual Interest on said be(r Interest at such rates, bonds and provide a sinking not to exceed tin maximum fund to pay said bonds at rates permitted by law et the maturity? respective times Of Issuance, PROPOSITION NO.? as shall be determined within Shall 1M City Council Of tin the- discretion of the City City of Denton be authorized Council, for the purpose Of to issue the bonds of said tin ,'acquisition of property City, In one or more series Or and making Improvements issues, In the aggregate for"pubilc purposes In sold principal amount of 5110,OW. City, to-wit: street and side- with the bonds of each such walk Improvementsn and series or Issue, respective?y, Shad sold City Council be to msture serially within not authorized to levy and cause to exceed thirty years from to be assessed and collected their date, and to be Sold at annual ad valorem faxes in such prices and bear Interest an amount sufficient to Pay at such rates, not to exceed tin annuai interest on said the maximum rates bonds and provide a sinking permitted by law at the fund to pay said bonds at respective tlmes Of Issuance, m+~WIIY? as shall be determined within PROPOSITION NO. d the discretion Of the City mail tin city Council of the council, for the wpm of Citt of Denton be alllWIlOd the acquisition of property to issue Me bonds of said and making ImprovmeMS for C111j1, In one Or mere series Or public purposes to said City, Issues, in the aggregate to-wit: providing additional principal amount of traffic controf signals: and S3,31112,000, with live bonds Of shall said City Council be each such series Of issue, authorized to levy and cause respectively, to mature to be assessed Ind collected serially within not 10 exceed annual ad valorem taxer In thirty years from the cisle, an, amount sufficient 10 ASY and So be sold at such Prices the annual Interest on said and beaF Interest at such bonds any provide a sinking ram, not to exceed the fund to pay sold bonds at matiimurn. rates permitted nntturity? by law at the respecNvt That the oHiNal ballots for 11msof issuance, as shall be said election shall be pre determined within the dis, paced in accordance with the creflbd Of" tin City Council, Texas Election Code so as to 'fd{, tin pirposlt of iM orb permit the electors to vote QvRitiaf Wproperty end "FOR" or "AGAINST the h~afitn4 inlpJ+emenfs for aforesaid ?ROPOSITIONS, public purpoeee iA sold Cif1s, with the ballots to contain tO~gOf. dratns Improve filth provisions, markings, r AFFIDAVIT OF Pl1BLICATION THE STATE OF TEXAS F' COUNTY OF DENTON I i CITY OF DENTON = BEFORE ME, a notary public in and for Denton County, ~i Texas, on this day personally appeared the person whose name is E subscribed below, who, having been duly sworn, says upon oath that he or she is a duly authorized officer or employee of the If "Denton Record-Chronicle", which is a newspaper of general circulation published in the City of Denton, Texans and that a ~ true and correct copy of the NOTICE OF ELECTION, a clipping of I which is attached to this Affidavit, was published in said newspaper on the following dates: i November 18, 1982 November 21, 198 November 25, 982 f Authoriz d f cer or Employee SUBSCRIBED AND SWORN TO BEFORE ME on the 3D day of November 1982 Notary Public My commission expires 11-5-85 (NOTARY PUBLIC SEAL) i, i R - PUBLIC NOTICES PUBLIC NOTICES OfICIOSS Municipal*$ de, Munk lips Its, con el fin do Is Cliche ClVdad, V M ofros ores adqulsklon do propfedad y lugaref publlcos M cliche hoclendo malors$ pare pro- Ciudad, no merws do 1S dies poNtO public0 M to Ciudad, a do Mlarlwidad do Is fecha caber' Hooch Para NGNrwr dkhas expansion Y rtnevoclon del eleccfor,ts y tamblln to EdNic IO MunfUPat; IF st so le publlcara Una copla sutarlra a dkho Cuerpo do fldedlgma de etts Orderwua Consellros MunY.lpalss at an al MISM dla do coda una sslgnar Y oca%WV r el filar y do dos wmanaS wcaSIVw on cooeccionar do Irttpuotws ad en diarlo (perlodico) dt valorem anuales'ran Una can- clrculaClon general on cliche tldad 501ciante Para Pager Ciudad, y famblen to 106 Inttrysts snuales sabre publicara on N Condado Is dichos bonds V el mamtener fecha de Is printera publka• Una call de .&mortiibclon CIOn PITS con no menos do la Para Pager dichos bons al dies de anlKbridad a is ven:lrw alias} fach■ Iliada pare dachas PROPUESTAN0.6 elecclonos, SI w k aut0618 at Cuerpo de, 6. Quo M Cliches olecclaMt Cofte! ros Mun:c1poles of is to$CgulenltSPROPUESTAS Ciudad do Denton of emNlr reran sometidas do acuerdo los bones de dkha C fudad, on a to ley: Una o me$ series de emWon, PROPUESTA NO. I an el memo principal $130 le 400026 at Cuerpo de Wage So de, $a30,000, con los Conseferos Municlpales de, Is bona de cads fat serif o Ciudad Of OeMOn el emitir wesincerw s respactie, o par Wig ig dentr rlenlro de 10S bons de cliche Ciudad, an Una o mas Will do emislon, We ro execediendo treinto an el mono* principal ens desde su fecha de apregado de $e,l1S,000, tom emislon, y de ter vendidos a loll bawd do coda pal Berle o tolls precool Y acarrear tales emisloo, respecttvamem*, a uedo a nferewt, de, ac l mo w vancerw W tens dentro de Geletaernlutao a djoy, iic If 1l" Como del Pero n exlcfdtemdo irelnts Cm snos desN w fecha do MUnic uerpo de Conseldo Is smislon, y do wr VMdldos a ktclon , de con e) ion Y falesproclosyacarrearWas h4clenian propleded V promedlos do Mtereses, do Polito ito pu lico an I CiParaudadpro- acUlydo a la ley, Como se saberpotConst o , a dehrmbw a dlscroclon del nww : ub stesion clon de una Cuorpo DI Conseleras V sl w le t bom- Municipals% con el fin de Is d;cho Y r o Conse nose adaU4100n de ProPledad IF Cliche MuntclpaWs 1 ler os haclendo majors$ pars pro-' ocastwar t N fraligner , Polito publlco an Is Ciudad, a cloner de filar y cease saber: majors$ a caller y clams tmpuettot ad N w to autorlrs a valorem anwles In una cans vortdaf r V cliche CUlrpe de ConseIKOS tided sufklaMa pare pager Municipsles of eslgnar y dos Interests snuales sabre y el ocaswnar of filar Y coloc• Una cola a de ma28CW cloner do Impuetlos ad na rasa ragas hos bonones s of valorem anualts an Una can, Ver+clrw as"? b of tided suficteMt pare pager toll Interests anuales sabre PROPUES rs eo l Cuer T SI w Cuerpo do dichos owns Y el manta wr CMSaINot le ros M nk Una cola de amortiraelon Ciudad do Denton lpafee, Is , Or Para pager dkhos bons al l b6n Cliche Ciudad, M vwtrse es"? una o mbra s s s eries de am Ision. PROPUESTANO.2 an el man l Slwleautoriraaltuerpoot ta principal agreged de $110,000, con loll Comeleros Municipal" de Is bom e coda Ciudad de Denton el omitir emismisil pal serf, o log bons do dfchs CiUdad, en venton,ers! p or serif if, "o mas writs de emislon, Pero no le dentro e enim f an el monto principal ands Qesdo da Su fe Mei do agregsdo do ta'M'~' can emtslon, Y do SK vend;a eMidOS a loll bows do coda pal serif o felts pretlos y acarrear tales emiston, re"tivamente, a promedios de Interests, de venceru par Wit Centro de acuedo a Is toy, Caro se pero no execedlendo tre:nla determine a discrecton del ens desde fU paths de Cuerpo de Conseltros emislon. y do ter vendidos a Municlpales, con el fin do Is tales pre.los V acarrear ta'Ss adqulskton de 'propic-dad y promedlos do Interestss, Ee hoclMdo maloras Para pro- atuedo a la ley, Como SO posito public* M Is Ciudad, a determine a discretion del saber pr&VW SMa$ •dl- Cua►po de Conselerds clonalaf' pare, control do Mpmfclpsies, con el fin de Is N,,,uto, y g: is 1. autorlts a adquisidon de propledod y dkho Cuerpo de Conserlero$ AVISODE ELECCIONES hsciando malores pare pro. Munkopoles el aslgnar y ESTAOODETEXAS ' i peyote publ ico an Is C iuded,, ocasioner A filar V colec- CONDADOOE DeNTON , caber: melores al drenaler y cloner de Impuestos ad CIUDAD 09 DENTON St at If avtorlrs a dicho valorem snuales sabre A LOS RESIDENTES, CON Cusrpo 'do Conserleros dkhos bones el manfener DERECNO A VOTAR, DE Munlclpales of •esignar y Y LACIUDADDEDENTON: octiFonar of Hlar y Una t+le de• h" bon Ixsnpaclo'al SE LES MACE SABER QUE ctonar s ad Darn ragas dkllos de, lmpuetto ad venearwosta7 una$ ol#CCtona tomaran vaterem anuait$ M una caAr 7. htgar en is Ciudad de Dotson tided saict"te Para pager pars Out ctollkMbe01#cciones w ongs a# fat Como w aytopula on Is log Interests snuales sabre pS iec ORDENANZA LLAMAN00 dichds bona$ y at marinas Codtoo d do e Eloc Elec ar clones anes con el A LAS ELECCIONES, CUM do "Is de ambrtf:acien Taxes de Ordenanra fue debtdafr0 to T p V1 eel FAVOR" el paper N al ejector N, voter "A A FAVOR" dodo por at Cuerpo df Con v4ke * "E Mlem Munklpaies de dacha PROPUESTA NO.3 o N CGNTItA" de lea Cluded, y cusl OADENANZA SI w It ouforlra sl Cuerpo de, tales b malaialolsse PO W suTAS, cote! tutlemcs^i..m to coma a c c ttr wstan- Conwlerw Municlpalp MIs CfalMaMe sfC►Ifo$ conll• contlftl~ qw: Ciudad de'DMhM e1 emitir hlendo tales drovlsi0ne5, EST,.:,, , EXAS . ios Who& de Cliche Ciudad, M manes, a Idioms cdrmo to CONDADO DE OENTON tins o mat aertes do tMISlon, requfora Is ley, V quo tales LIUOADDECENTON an N monto Principal PROFUESTAS loran $us- CONSIDERANDO, qUe w soregado de $210AW con 10$ fancrilnienfe expfosedaS lurga nece"No V cony bona do cede tat serio'o nloMa N llamor s Us eclat- orniswan, respectlvamMta,'a toryoslg P clones 'do atut an adderoa VencerM par serif dentro de, ROPUESTA NO. I o no oyecediendo trends CONTRA CONSSDMRAN60,• qua on Pasbs 4P&" w (ache de LA E E alklalmMfe to "CWntrl; If omftka6 y de w vtodhips a l DJ! EMISION OE BONES JHtrmIM Swim quoexlstf un to doe o acsrr !17100 PARR ME• RAi - CAI BEd Y caw do omergenele de poohedioll de, Intert$4K Of f JO yERDAS w *m nlGrtidsdp;bfic+urlJtrtleei actiectada a Is NY, tpn+o Ye DROPUESTANO.! coal rtqutero qW tong' dettrmlM a citscrecton del A FAVOR DE puller Una reunlon ad is cuel Cuorpo do Consfteros EN CONTRA' Spa Ordenanr, sea patada, Munklpates, con el tin do Is LA EM ION Of! BONOS slendo tap tinergemcle de adqufsklon de propiedad'y OE 1111 0110' PARA ME• nlcosIdad publics urgenfe la haclendo M,loras Para Or* JORAS AL bAeNAJE raMIded cot adgUirlr I" po to publlco on Is Ciudad, a PROPUESTA NO. I fdndo$ he fbtwww con it saber: compror y mslorar AFAVOR DE . vents do los bongs pro- LIHo We propoSlfo de par. ENCONTRA pu"los, e1n retra"s, y ' qua; y p se M auiorire a LA EMISION DE BONOS ma$ pronto poslble, WA H diChO Cuerpo dI tonwleros DE1211A00 PARA PARQUE fin-0@ vtHirarse pars'me• Mvnlcipalts ei 6112nar Y PROPUESTANO.+ Was pumices urgentes Y ocaslonar of filar y colec• AFAVOR De flactaaRstl y qua Cliche re- cloner M imputsios ad EN CONTRA unw w him publim he- valorem a 0 as M una tan, LA EMISION DE BONOS big do" pubtkado Is Mira, tided wfldMto Para psgor OE $400,000 PARA ME- IS fechs, at lugw, y 0 los Interests! enuateS sabre JORAS A UNIVERSITY yaterrearra aJ4u1FL;on de propitdad V promedios de Interests, de hacfendo maioras pare pro- acuedO a to ley, Como $0 poslfo publlco an Is Ciudad, a determine a discrWon del saber: proves: sense adi- CUerpo de Conttioros clonales pera control de Municipal". con al tin de Is translto; y tl to le suforiza a adquistcion do ProPfadad y dkha Cutepo do Conserleros AVISOpE ELSCCIMWS hsClendo maloras pars pro- Munid ESTADODETEXAS Ro bllca to is Ciudad, a ocasionar pales el filar V as coi- CONDADODEDENTON saber; toelorn afu y cionar ad CIUDAD DE DENTON %I so st to auforiza x• • a dicta valorem do Alnumapluos y scoestosobre s A LOS RESIDENTES, CON Cuerpo dt ConserlerOS cliches bons y el mantener OERECHO A VOTAR, DE Municipals& es &signor y Una cola de, amortization LA CIUDAD DE DENTON: ocastonar tl filar y colee• pars paper dkhos bonoaral SE LES RACE SABER QUE clonar de Impuestos ad VtnCKSetsto ? unas et#cclOnes (omaren valorem anuales an Una csn- 7. Quo toe bolotes Oflclales fuW on Is Ciudad de Denton tided sufkitnte perm, pager pars dichas eleccio,'As $a tsl come to estiPuts On Is Ws interests snualts sobr• prepararan de ecuerdo co." el ORDENANZA LLAMANDO dkhos bomoo y at mantes: Cocilgo de Elecclones 01 A LAS ELECCIONES, cud Una Cola df 611100 66011 Texas We asl permitir 0: Ordmwza fut doWdamonte We paper dkha borers W dechr a$ voter "A FAVOR" clads por 01 Cuerpo do Con' vencersetsfaT o "EN CONTRA" de las soleros Munklpales de dicha PROPUESTA N0.3 entesldichas PROPUESTAS Ciudad, y cual ORDENANZA Sim to sutoriza eI Cuerpo de Was balotes a ter sustsn- Wce su lasctaintento come a Cormlera Munkipalesdo Is Clairmont* escritos Conte- centinuaclOnstQue: Ciudad de Denton el emitir nlendo tales provislones, ESTADO DE TEXAS los bons de cliche Ciudad, to marcas, a idioms Como to CONDAO0 DE nEN TON Una a mas series de emisiOn, requiem Is ley, y qua tales CIUDAOV'OENTON en al monto principal PROPUESTAS seran sus- CON$IDER4,90, past se Wage& de $218,000 con 101 tancialments expresadas lu1Qa nac-.1.'10 y Cony bens de cads let Serie o COMOs;gue: nitnta d tramar a la. elate emision, respectiyamente, a PROPUESTANO.I clones do squi An odelante vancerse per serfs dentro de A FAVOR OE ordenadas; y pere no execedlen to frefnla EN CONTRA CONSIDERANDO, quo Amos d^sde su fecha de LA EMISION DE SONOS OficielmMte K enCuenlra V emislOn, y de ser vendid0s A DE S8,215,D00 PARA ME. deter mine aqulQuo exists un tares preciosy ocarrear files JORAS DE CALLES Y case de emergencla de promedfos it Interests, do VERDAS ' necKldad publics urgente ei scuedo a I.o ley, come to PROPUESTA NO.2 oval requfere quo ten94 deteriine a discretion del AFAVOR DE lugs: Una reunion on Is cud Cuerpo de ConselerOS ENCONTRA esla Ordenanza sea Pasade, Municlpaks, con at tin de Is LA EMISION DE SONOS sfendo Jet ernergencia de adqulsicion do propieda7 V OE S3,20YAW PARA ME. necesided publics urgenla Is hackndo maloras pars pro- JORASAL DRENAJE necesidod de adqulrlr " posito pubtlco on to Ciudad, a PROPUESTANO.3 Ii he obleoerse con to tabor: comprar y meldrar A FAVOR DE vents de los bona pro- sitlo pars proposito do par- ENCONTRA puestos, sin retrasos, y io qua; y sl se le autoriza a LA EMISION 0: BONO$ Ines pronto Posible, pars el cliche Cuerpo de Conseleros DEUICO 0PARAPkRQUE Jim de utilizer" pare me- Municipales el ssi9nar T PROPUE$TA 40. A foes publican urganles V ocaslonar el filar y colec• A FAVOR DE necesarlas; y quo dkha ro- clonar de lmpuestos ad ENCONTRA union is hlzo publics, he- valorem anuales on una cane LA EMiSION DE BOWS Werwom publIcad0 Is hors, tided sufklente fare pager DE $900,DDO PARA Mt • Is fechs, el fugar, y el Son Interests rausles sohre JORAS A UNIVERSITY proooslto do cliche reunion, dkhos bonds y el mantener DRIVE lodolet come*$tontipulado Una cols ',e amortization PRCPU£STANO.S per Varnen% Ann. Clv. St. pare pegs, dichas bons al A FAVOR OE Arlkulo$252-11. vencersee'fosi ENCONTRA POR CONSIOUIENTE, PRUPUESTANO.t LA EMISION DE SONOS ORDENA EL CUERPO DE SI to it ouloriza al Cuerpo do OE $1,100,000 PARA ME- C 0 N S E J E R 0 $ Conseleros Municlpales de Is J O R A S AL E D I F I C I O MUNICIPALES DE LA Ciudad de Denton 0 emitir MUNICIPALES CIUDAD DE DENTON: lot bons de elcha Ciudad, en PROPUES7ANO.6 1. Qua be scolandren una$ una a mas series de emfslon, A FAVOR DE efecclonts at dfa 11 on o1 monto principal ENCONTRA dkfembre de 1952. an Wchb s9re9WO de $900,000, con Ins LA EMISION DE SONOS Ciudad on 166 0997entes bonds do cede tot serif 0 DE $450,000 PARA SUB- IU9aresdevotacion: eml$lon, rosWIl1amen4, a ESTACIONOE BOMBEROS CIUDAD DE DENTON vwxotest per sent dentro de PROPUESTA NO.1 CIViCCENTER we no execediendo trefnla AFAVORDE OEATON TEXAS ens desds sU facile dR EA CEM SIGN DE 80N05 Dicho CWd•d it constitulra emision, y do ser vendldos a on con $olo prtcinto de vols. tales preciosyscariest, tiles OE $110,000 PARA SENAS cim pars tales elections. Y promedios de intereses, de DE C O N T R O L D E L los sIQUIM1es 9fic ales de acuedo a la ley, come to I'Ou RI~ NSITO ttecdlonoe son aqul determine s discretion del t per este medio se nombrados pars sostener Cuerpo de Conseleros ancuentra y so determina taksefKCtones: Municipales, cat el tin de Is que of Jfempo probable de pro- El Juer qua Preside: Don 8"11ictal de propieW y puest cubridas ad de tat met er Pickens hacreado maloras pars No- snteWicha PROP ROPUper coda as EI Juex Alter no QUA Proslot: PWtO Publico M la Ciudad, a 25 arm. Jo Luker saber: adqulsic'wn de de: 1.Out . recto der paso y reconsfruc- I• Out Art to 9, Sec. 9.04 de 2. Qua H Juoz we Preside Is Carta ta - Cansfilucional ilombrars ro manes do dos cfon de University Drive; Y Murtlclpal tonttene Is otlctnisfas dependienles tl se It autorixa a dchd s1gulente cstipulacfen y re- catlfkados part server y Cuerpo de Conseleros Wiere quo site ordenanza de saistir en el Conducto de Municipales at $signor w election c h tInctamente cliches elections; y sl el oe&%WW,el filar y cclec• "tlpule: Jue: quo Preside attu• clonar. do lmpuestos ad 11(6) una determination der is a l M t n I e s 1 r v o come valorem .males an una cane deuda nef s de Is Ciudad expretsdo, entonces aI Juez tided "Ici+.nte pars pager despues do Is emislon de Ios Altormodebarado serUM do W Intemses anuales were ones per eats medlo talesdepandientes. dichos bons y el mantener autalzados, luntamente con 3. Out •I aprobar y firmer una cola of ernortizacion xna declaraclon quo lot eats Ordenana• 0 Akalde eeorpogar dicho Dorm al donos per este medlo (Mayor) de Okha Ciudad selorizados estaran dentro olicldmtnfe confirms N PROPUESTANO.S N sutOriza al Cverpo'c4 de led&% fan doWas Y otras mombramlento do 'cliches Sabel MuniclpalesdoIa rimitaelas prescribldas per o(kt•IM de votKfon pars Ciudad ale Oentorl el emitir a Constitution V las Is yes del wvlr An dichas elecclones; EstadodoTexas.";y Y,81 poser seta OrdenaAZa el los bones de dkha Ciudad, M _a determination We per Cuerpo de Codcofales de una 0 files series do emislon, dkha Ciudad aprusba V ester an el monto principa $efe inneta hots quo Is euda nets. do Is Ciudad coMorrgt con In nombra• agreQado 'de fI,1Q0A00, c fesp(as M to a misI slan der lot mitntos do dichas oficlales loo boat do Coda to) terit o W*2 aqut dentro propuestos dovolocfen. emision, respectlvamenle, 4 1 ter sometidos we no mas 4. oast to" In efKtor*$ venceree per wltl dentro d4 A $27,210,000, Y aster per este reildentes y c•iiflcados de por6 no execodierido trelnts lladio declarado Quo dichas dice Ciudad lendran of d•- anon desds su fecha dt ztmos Ot'obRpacixl 9anora; recho a voter on dichas emislon, y de ser vendidos a< X'n" dentro de lode dew; olecCidntt Jeler precios y acarre•r fdt4 y mlaram otras ' fimitaclones 'pre. S. Quo sodaranotklspublics pr*AWfos der Internees, de tcriblelas per a Crnstitucion der dktiit' altcCfones exhi• Kuedo a Is ley. cane se I las !eyes de! Eslado del bltndo una wort& fidedigne delermint a disgecW del texts. ds ed• Ordarsamn M Ise Cuerpo du Conselorok e0vombir)IL21251912 CERTIFICATE FOR ORDINANCE CASING ELECPICN REWZS STATE OF Tb`WS w Ogjt Y OF D'EZ= s CITY OF CE2.M the undersigned officers of said City, hereby certify as follows: 1. The city council of said City convened in SPECIAL MEETIPIG CU 71M 14TH DAY OF DECUIM1R, 1982, p at the Amicipal Building (City ball), and the roll was called of the duly constituted officers acrd memtK:rs of said City council, to-wit: p Charlotte Allen, City Secretary Richard 0. Stewart, Mayor Dr. A. Fay Stephens Mirk Chew Jack Barton Jim Riddlesperger j Charles Fopkins Joe Alford I and al o sal persons Arent, except the following absentees: thus constituting a quorum. where ,among other business, tiie o owing was transacted at sari meeting: 'F a written II ORD0ANCE3 CANVASSING ELDCPICN RETURNS was duly introduced for the o:,nsideration of said City Council and duly read. ;j r It was then duly moved and seconded that said Ordinance be passed; and, after due discussion, said motion, carrying with it the passage of said Ordinance, prevailed and carried by the :=ollowing vote: i AYES: All members of said City Council f shown present above voted "Aye". j wEs: None. 2. That a true, full, and correct copy of the aforesaid Ordinance passed at the meeting described in the above and foregoing paragraph is attached to and follows this Certificata;. 11at naid Ordinance has been duly :'eoorded in Q said City Council's minutes of said Meeting; that the above and foregoing paragraph is a true, full, and correct excerpt from said City Council's minutes of said Meeting pertaining to the passage of said Ordinar X; that the persons named in the above and foregoing paragraph are the duly chosen, qualified, and acting officers and menioers of said City Council as indicated therein; that each of the officers and members of said City Council was duly and sufficiently notified officially and personally, in advance, of the time, place, and purpose of the aforesaid Meeting, and that said ordinance would be introduced and considered for passage at said Meeting; and that said Meeting It was open to the public, and public notice of the time, place, and purpose of said meeting was given, all as required by vernon's Ann. Civ. St. Article 6252-17. 3. That the mayor of said City has app1tived, and hereby approves, the aforesaid ordinance; that the Mayor and the City Secretary of said City have duly signed said Ordinance; and that the mayor and the City Secretary of said City hereby declare that their signing of this Certificate shall constitute the signing of the attached and following O~py cf said Ordinance For all ` purposes SI AND SEALED the 14th day of Dece~nr, 1482. i ` i r _ City Secretaryr_ _ _ _ _ _ (SFATI- - - - - - - - - l Jtr_ _ _ _ We, the undersigned, being respectively the City Attorney and thee8~ Prepar Attorneys of the City of Denton, Texas+ fib' certify that we to its appra.-ed as to legality the attached and following Ordinance prior or t Passage as aforesaid. City A rney BOna HLtorne s i ORDINANCE NO. 82-ZLr).:~' ORDINANCE CANVASSING ELECTIO,, RETURNS THE STATE OF TEXAS COUNTY OF DENTON ; CITY OF DENTON ; WHEREAS, the City Council of said City ordered an election to he held in said City on DECEMBER 11, 1982, on the PROPOSI- TIONS hereinafter stated; and i~ WHEREAS, said City Council has investigated all matters pertaining to said election, including the ordering, giving notice, officers, holding, and making returns of said election; and J. WHEREAS, the election officers who held said election have duly made the returns of the result thereof, and said returns have been duly delivered to this City Council. THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS: II 1. That the City Council officially finds and determines that said election was duly ordered, that proper notice of said election was duly given, that proper election officers were duly appointed prior to said election, that said election was ~I duly held, that due returns of the result of said election have been made and delivered, and that the City Council has duly canvassed said returns, all in accordance with law and the Ordinance calling said election. 2. That the City Council officially finds and determines j that the following votes were cast at said election on each ' submitted PROPOSITION, by the resident, qualified electors of said City who voted at the election: PROPOSITION NO. 1 825 VOTES: FOR THE ISSUANCE OF $8,2150000 OF STREET AND SIDEWALK IM- PROVEMENT BONDS 1013 VOTES: AGAINST ) i PROPOSITION NO. 2 1007 VOTES: FOR ) } TuD ISSUANCE OF $3,282,000 j } OF DRAINAGE IMPROVEMENT BONDS 811 VOTES: AGAINST } PROPOSITION NO. 3 865 VOTES: FOR THE ISSUANCE OF $218,000 OF PARK BONDS 971 VOTES: AGAINST ) PROPOSITION N0. 4 937 VOTES: FOR THE ISSUANCE OF $900400 OF UNIVERSITY DRIVE IM- pROVEMENT BONDS ` . `890 VOTES: AGAINST } I k PROPOSITION NO. 5 I `793 VOTES: FOR ) F } THE ISSUANCE OF $1,100,000 } OF MUNICIPAL BUILDING IM- I PROVEMENT BONDS 1031 VOTES: AGAINST ) PROPOSITION NO. 6 1043 VOTES: FOR } } THE ISSUANCE OF $450,000 ff OF FIRE SUBSTATION BONDS I 778 VOTES: AGAINST )I PROPOSITION NO. 7 1018 VOTES: FOR j } THE ISSUANCE OF $110,000 i' 1 OF TRAFFIC CONTROL SIGNALS 808 VOTES: AGAINST } BONDS 3. That the City Council officially finds, determines, and declares the result of said election to be that each of the foregoing PROPOSITIONS NOS. 2, 4, 6, and 7 so submitted has j~ received a favorable majority vote in all respects and has carried, and that the bonds voted thereunder may be issued in accordance with law; but that each of the foregoing PROPOSTIONS NOS. 1, 3, and 5 failed to carry, and that no bonds shall be } issued thereunder. I I i i f~ I I l ACKNOWLEDGMENT OF NOTICE OF SPECIAL MEETING FOR ABSENTEES I THE STATE OF TEXAS COUNTY OF DENTON f, CITY OF DENTON ~ j ~I Each of the undersigned officers or members of the City council of said City hereby acknowledges and certifies that he or she was duly and sufficiently notified officially and personally, in advance, of the time, place, and purpose of the f Special Meeting of said City Council which was held at the City Hall of said City on December 14, 1982, and that an f ORDINANCE CANVASSING ELECTION RETURNS 1 I would be introduced and considered for passage at said Special Meeting, and that he or she consented, in advance, to the i' holding of said Special Meeting for such purpose. 't `r SIGNED the ~ day of March, 1983. f~ f; f J. M . i i CERTIFICATE FOR. ORDINANCE DIRE)CTRIG THE ISSUANCE OF NOTICE OF SALE OF BONDS n1E STATE OF 'I'E- 0-UNi'Y OF DFNXC CITY OF DnIrON toe, the undersigned officers of said City, hereby certify as follows: The City Council of said City convened' REGULAR ISF.EPING ON THE 15TH DAY OF FEBRUARY, 19831 at the municipal Building (City Hall), and the roll was called of the duly constituted officers and members of said City Council, to-wit: Charlotte Allen, City Secretary Richard 0. Stewart, Mayor Dr. A. Ray Stephens Mark Chew i, Jack Earton Jim Riddlesperger Charles Hopkins Joe Alford f and all of said persons were present, except the following absentees: 1J c N c , thus constitsting a quorum. ereupon, among other business, a ong was transacted at said Meeting., ~I a written ORDINANCE DIRECTING THE ISSUANCE OF NOTICE OF SALE OF BONDS jl was duly introduced for the consideration of said City Council and duly read. It was then duly rroved and seconded that said Ordinance be passed; and, after F due discussion, said motion, carrying with it the passage of said Ordinance, prevailed and carried by the following vote: AYES: All nerhers of said City Council ~J shown present above voted "Aye". NOES: None. 2. That a true, full, and correct copy of the aforesaid Ordinance passed l at the Fleeting described in the above and foregoing paragraph is attached to and follows this certificate; that said Ordinance has been duly recorded in said City Council's minutes of said Meetiry; that the above and foregoing j' paragraph is a true, full, and corr,.ct excerpt from said City Council's minutes of said Meeting pertaining to the passage of said ordinance; that the persons named in the above and foregoing paragraph are the duly chosen, Telified, and acting officers and members of said City council as indicated therein; that each of the officers and members of said City Council was duly and sufficiently notified officially and persa~ally, in advance, of the time, )lace, and purpose of the aforesaid Meeting, and that said Ordinance would be introduced and considered for passage at said Meeting; and that said Meeting was open *c the public, rnd public notice of the time, place, and purpose of said meeting was given, ali as required by vernon's Ann. Civ. St. Article j'. 6252-17. 3. That the Mayor of said City has appzrn>E°d, and hereby approves, the aforesaid Ordinance; that the Mayor and the City Secretary of said City have duly signed said Ordinance; and that the mayor and the City Secretary of said City hereby declare that their signing of this Certificate shall cbnsti tuts the signing of the attached and following copy of said OrdirF.`e for all purposes. SIGM AIZ SFALED the 15th day of Febn:ary, 1983. 61/~- yor (SF1,LCitySecretary - - - - - - - - - - - - the _ undersigned - , - - - being - - - _ respectively tt.e City Attorney and th e Hand W~, her Attorneys of the Ci of Denton, Texas, certify that we prepared as to lega and lity the attached and follarir:9 Ordinance prior to its approved Passage as aforesaid. (J' W Bond Attorneys A i ~r I i ORDINANCE NO. 83 - ORDINANCE DIRECTING THE ISSUANCE OF NOTICE OF SALE 01' BONDS THE STATE OF TEXAS COUNTY OF DENTON ; CITY OF DENTON ; I THE COUNCIL OF THE CIII Of DENTON HEREBY ORDAINS: 1, That the City Secretary is directed to issue a Notice of Sale of Bonds in substantially the following form: OFFICIAL NOTICE OF SALE I I CITY OF DENTON, TEXAS Jr. $4,742,000 GENERAL OBLIGATION BONDS, SERIES 1983 II The City Council of the City of Denton, Denton County, Texas, will receive sealed bids at the municipal Building, 215 E. McKinney Street, in the 3 City of Denton until: 7:00 p.m., Tuesda_ March 22, 1983 'I for the purchase of: $4,742,000 General Obligation Bonds, tc be dated March 15, 1983, and to mature serially March 15 each year 1984 through 2003. i Sealed bids, plainly marked "Bid for Bonds", should be addressed to "Honorable Mayor and City Council, City of Denton, Texas", and must be submitted on the "Official Bid Form" to be made available by the i City Council prior the date of sale. All sealed bids will be publicly opened and tabu- sated before the Council. i Copies of the "Official Statement", "Notice of Sale", and "Official Bid Form" are being prepared and will ~k be mailed to prospective bidders on or about March 4, I; 1983, and will be furnished to any prospective bidder upon request, by First Southwest Company, 800 Mercantile Dallas Building, Dallas, Texas 75201, Financial Advisors to the City. The City reserves the right to reject any and all bids and to waive any and all irregularities. By order of the city Council of the City of Denton, Texas. !HARLOTTE ALLEN cAt.y Secretary City of Denton, Texas. 2, That said Notice shall be published once in The Bond Buyer, New York, New York, which is a national publication regularly and primarily carrying financial news and municipal bond sale not.icesl and said Notice also shall be published once in the "Denton Record-Chronicle", which has been id pu designated as the ofFicial newspaper of the City of Denton. prior to the day set tions shall be made at least thirty days P for receiving bids. I; r I k CRY and Cousity of Now York, sL:. Copy MARY DALY, being duty sw nave the ,.e is the Advertising Clerk of THE BOND BUYER, a dally and weekly newspaper printed and published at One State Street Plaza, in the City of New York, County of New Yi rk, State of New York; of and the notice, of which the annexed Is a printed copy, was regularly published in said THE DAILY BOND BUYER on pdvlllirtill"Onf FFR i 1983 Advertly ng ClerA Subscrib and sworn !n be/7 me this day nf~19N3 HA D J. NEILL ` Nolery ublle, N W New YwM f a-sesas» OuelMed M WChm A County Commi" rap9N March 30. 1965 I, OFFICIAL NOTICE OF SAL.t $4,742,000 City of Denton Texas General Obligation ds Series 1983 The City Council of the City of Denton, Denton County, Texas. Will receive sealed bids at the Municipal Building, 215 L McKinney Street. to the City of Denton VntlE 7O0 P.rn Tuesday, LARCH 21, 1889 for the purchase of - ated Match 15, 84,742,000 General Obligation Bonds, t 1 be d 1~ and to mature s,.rl* March 15 each year 9~ through 2M Sealed bids. Plainly marked "BEd for Bonds". should be addressed to Texas'. And must be "Honorable Mayor and City Counefl Ctty of Denton, ty submitted on the ..official Bid Form" to be made available by the Council prior the date of sale and tabulated }More the Council All sealed bids will be publicly opened Copies of the "oMclal Statement." "Notice of Sale," and aid bidders Form" are being prepared and will be rnWkd to P twe bidder or about March 4, 1983, and will be furnished to any proapeekn upon request. by Firsit Southwest Compatgr.800 Mereannie DW"BWrk& Dallas, Teas 78201, Financial Advisors to the CRY bide and to waive The City reserves the right to reject any and an any and all Im Ue& tl of the City By order o the City Catnc of Denton, Tom& CHACIt~><AT'1'6 AI,LE>!I : 1J. I i II IN THE MATTER OF CITY OF DENTON I RLOTTE ALLEN} THE STATE. OF-TEXAS Roy Appleton, Jr, County of Denton r t 1 being duly sworn, says he is the General Manager of the Denton Record - Chronicle, a l ,ewspaper of general circulation which has been continuously and regularly published ,r i %r a period of not less than one year in-the County of Denton, Texas, preceding the date of the attached notice, and that the said notice was published in said paper on the follow- ing dates; f; OFFICIAL NOTICE OF SALE- $4,742000 GENERAL OBLIGATION BONDSP SERIES 1983 56 lines $22.40 FEBRUARY 18o 1983 s 4f (I Subscribed and sworn to before me this 19 day of -FEBRUARY l9 83 Witness my hand and official seal. 'Notary Denton County, Texas n I i k AlL, r lit vil r IWO F+ n t7 1 zp oil O~ 3 0021 IV a `7) ~W i 04 I I i r CM;UMCATE FM ORDIISAt AUTHORIZING THE ISSUT4CE F (iENERhL CHI~IGATI(~1 BC7IID6 STATE OF TFJ(115 CoLtM OF DENIUN CI Ty OF DENTON We, the undersigned officers of said City, hereby certify as follows: 1. The City Council of said City convened in t SPECIAL MEEIM4G ON THE 22ND DAY OF MUzoi, 1983, at the Municipal Building (City Hall), and the roll was called of the duly constituted officers and members of said city Council, to-wit: Charlotte Allen, City Secretary Richard o. Stewart, Mayor Mark R. Chew Dr. A. Ray Steens, Maypr pro Teem Jack Barton Jim Riddlesperger Charles Hopkins Joe G.:lford and all of said persons were present, except the following absentees: I, this constituting a quorum. a,,,ritten, among other business, the o was transacted at said Meeting: ORDI2v= AUTHORIZING THE ISamm OF GE RAL, OBLIGATION L_4gDS was duly introduced for the consideration of said City Council and duly read. It was then duly moved and seconded that said ordinance be passed; and, after due discussion, said motion, carrying with it the ressage of said ordinance, prevailE-d and carried by the following crate: AYES: All mm hers of said City Council shown present above voted "Aye". I NFS: None. 2. That a true, full, and correct copy of the aforesaid ordinance passed at the Meeting described in the above and foregoing paragraph is attached to and follows this Certificate; that said Ordinance has been duly recorded in said City Council's minutes of said Meeting; that the above and foregoing paragraph is a true, full, and correct excerpt frm said City Comcil's minutes of said Meeting pertaining to the passage of said Ordinanoe= that the persons named in the above and foregoing paragraph are the duly chosen, qualified, and acting officers and members of said City Council as indicated therein; that each of the officers and mev&zs of said City Ccx=il was duly and sufficiently notified officially and personally, in advance, of the time, pTaoe, and purpose of the aforeraid Meeting, and that said Ordinanoe would be introduced and considered for passage at said Meeting; and that said Meeting was open to the public, and public notice o Vthetire,,Placiv. St purpose f said meeting was given, all as required by 6252-17. 3. That the Mayor of said City has approved, and hereby approves, the aforesaid Ordinance; that the Mayor and the City Secretary of said City have duly signed said Ordinance; and that the Mayor and the City secretary of said City hereby declare that their signing of this Certificate shall constitute the signing of the attached and following copy of said ordinance for all Pirroses. SIGNED AND SFALfD the 22nd day of March, 1983. Secre Mayo Wet the undersigned, being resrectively the City Attorney and the Bond and Attorneys of the City of Denton, Texas► hem' certify that to its aPPmved as to legality the attached and following ordinance Passage as aforesaid. C. C ftoy Hoed Attorneys E I . ORDINANCE NO. 83-32 ORDINANCE AUTHORIZING THE ISSUANCE OF GENERAL OBLIGATION BONDS THE STATE OF TEXAS j COUNTY OF DENTON = F CITY OF DENTON = I[ WHEREAS, the bonds hereinafter authorized were lawfully + and f Eorlbly1982e and an election duly held in said City on WHEREAS, it is necessary and advisable to authorize, issue, and deliver said bonds: and WHEREAS, the bonds hereinafter authorized and designated were voted and are to be issued, sold, and delivered pursuant to Vernon's Ann. Tex. Civ. St. Articles 823 and 1175, and the City's Home Rule Chartr:r. THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS: Section 1. That the City's negotiable, serial, coupon bonds are hereby authorized to be issued, sold, and delivered in the aggregate principal amount of $4,742,000, for the purpose of the acquisition of property and making improvements for public purposes in said City, to-wit: providing $3,282,000 FOR DRAINAGE IMPROVEMENTS1 providing $900,000 FOR RIGHT OF WAY ACQUISITION AND RECONSTRUCTION OF UNIVERSITY DRIVEp providing $450,000 FOR THE CONSTRUCTION OF A NEW FIRE SUBSTATIONI and providing $110,000 FOR ADDITIONAL TRAFFIC CONTROL SIGNALS. Section 2. That said bonds shall be designated as the: 'CITY OF DENTON GENERAL OBLIGATION BONDS, SERIES 198361. Section 3. That said bonds shall be dated MARCH 15, 1983, shall be in the denomination of $5,000 each, except for Bonds Nos. 1 and 2, in the denomination of $1,000 each, shall be numbered consecutively from one upward, and shall mature serially on the maturity date, in each of the years, and in the amounts, respectively, as set forth in the following schedule: MATURITY DATE: MARCH 15 YEARS AMOUNTS YEARS AMOUNTS 1984 $217,000 1994 $250,000 1985 225,000 1995 250,000 1986 225,000 1996 250,000 1987 225,000 1997 250,000 1988 225,000 1998 250,000 1989 225,000 1999 250000 1990 225,000 2000 250►000 1991 225,000 2001 250,000 1992 225,000 2002 250400 1993 225,000 2003 250,000 Section 4. That the bonds scheduled to mature during the years, respectively, set forth below shall bear interest at the following rates per annum: maturities 1984, 10.006 maturities 1994, 8.60% maturities 1485, 10.008 maturities 1995, 8.75% maturities 1986, 10.00% maturities 1996, 8.90% maturities 1987, 10.00% maturities 19971 9.00% maturities 1988, 10.008 maturities 19980 9.108 maturities 1989, 8.908 maturities 1999, 9.25% maturities 1990, 7.708 maturities 2000, 9.258 maturities 1991, 8.008 maturities 2001, 9.25% maturities '992, 8.20% maturities 2002, 9.258 maturities 1993, 9.40$ maturities 2003, 9.45% i Said interest shall be evidenced by interest coupons which shall appertain to said bonds, and which shall be ay in the manner provided and on the dates stated in the FORM bOF BOND set forth in this Ordinance. Section 5. That said bonds ar.u interest coupons shall be issued, shall be payable, may be redeemed prior to their scheduled maturities, shall have the characteristics, and shall be signed and executed (and said bonds shall be sealed), all as provided, and in the manner indicated, in the FORM OF BOND set forth in this Ordinance. Section 6. That the form of said bonds, including the form of Registration Certificate of the Comptroller of Public Accounts of the State of Texas to be printed and endorsed on each of said bonds, and the form of the aforesaid interest coupons which shall appertain and be attached initially to each of said bonds, shall be, respectively, substantially as fol- lows.-FORM OF BOND: NO. $5,004 UNITED STATES OF AMERICA j STATE OF TEXAS COUNTY OF DENTON CITY OF DENTON GENERAL OBLIGATION BOND SERIES 1983 ON MARCH 15, , THE CITY OF DENTON, in Denton County, Texas, hereby proms to pay to bearer hereof the principal amount of THOUSAND DOLLARS and to pay interest thereon, from date hereof, at the rate of 8 per annum, evidenced by interest coupons payable MARCH 15 ;984, and semiannually thereafter while this bond is outstanding. THE PRINCIPAL of this bond and the interest coupons appertaining hereto shall be payable to bearer, in lawful money of the United States of America, without exchange or collection charges to the bearer, upon presentation and surrender of this bond or proper interest coupon, at the following, which shall constitute and be defined as the "Paying Agent", for this Series of bonds: TEXAS AMERICAN BA11'.; FORT WORTH, N.A., FORT WORTH TEXAS, OR, AT 1HE OPTION OF THE BEARER, AT FIRST STATE BANK OF DENTON, DENTON# TEXAS. THIS BOND is one of a series dated as of MARCH 15, 1983, authorized, issued, and delivered in the principal amount of ' $4,742,000 for the purpose of the acquisition of property and making improvements for public purposes in said City, to-wit: providing $3,282,000 FOR DRAINAGE IMPROVEMENTS: providing $900,000 FOR RIGHT OF WAY ACQUISITION AND RECONSTRUCTION OF UNIVERSITY DRIVE; providing $450000 FOR THE CONSTRUCTION OF A NEW FIRE SUBSTATION, and providing $1100000 FOR ADDITIONAL TRAFFIC CONTROL SIGNALS. ON MARCH 15, 1993, outstandin or on an interest payment date thereafter, any g bonds of this Series may be redeemed prior to their scheduled matu:•ities, at the o tion of said City, in whole, or in part, for the principal amount thereof and accrued interest thereon to the date fixed for redemption. At least thirty days prior 2 r A. f to the date fixed for any such redemption said city shall cause a written notice of such redemption to be published at least once in a financial publication published in the City of New York, New York. By the date fixed for any such redemption due provision shall be made with the Paying Agent* for the payment of the principal amount of the bonds which are to be so re- deemed and accrued interest thereon to the date fixed for redemption. If such written notice of redemption is published and if due provision for such payment is made, all as provided above, the bonds which are to be so redeemed thereby automati- cally shall be redeemed prior to their scheduled maturities, and they shall not bear interest aftar the date fixed for redemption, and they shall not be regarded as being outstanding except for the right of the bearer to receive the redemption price from the "Paying Agent out of the funds provided for such payment. IT IS HEREBY certified, recited, and covenanted that this bond has been duly and validly voted, authorized, issued, and delivered; that all acts, conditions, and things required or proper to be performed, exist, and be done precedent to or in the voting, authorization, issuance, and delivery of this bond hsve been performed, existed, and been done in accordance with law; that this bond is a general obligation of said City, issued on the full faith and credit thereof; and that annual ad valorem taxes sufficient to provide for the payment of the interest on and principal of this bond, as such interest comes due and such principal matures, have been levied and ordered to 1 be levied against all taxable property in said City, and have been pledged irrevocably for such payment, within the limit prescribed by law. IN WITNESS WHEREOF, this bond and the interest coupons ' appertaining hereto have been signed with the facsimile signa- ture of the Mayor of said city and countersigned with the facsimile signature of the City Secretary of said city, and the I official seal of said city has been duly impressed, or placed in facsimile, on this bond. xxxxxxxx xxxxxxxx , city Secretary, City o Denton Mayor, City o Denton FORM OF REGISTRATION CERTIFICATE: COMPTROLLER' REGISTRATION CERTIFICATES REGISTER NO. I hereby certify that this bond has been examined, certi- fied as to validity, and approved by the Attorney General of the State of Texas, and that this bond has been registered by the Comptroller of Public Accounts of the State of Texas. Witness my signature and seal this xxxxxxxx Comptro er o Pu c Accounts of the State of Texas. FORM OF INTEREST COUPON' NO. $ ON THE CITY OF DENTON, in Denton County, Texas, promises to pay to bearer the amount shoe n On this interest coupon, in lawful money of the United States of America, without exchange or collection charges to the bearer, unless due provision has to scheduled been made for the redemption prior maturity of the bond to which this interest coupon appertains, upon presenta- tion and surrender of this interest coupon, at 3 t TEXAS AMERICAN BANK FORT WORTH, N.A., FORT WORTH, TEXAS, OR, AT THE OPTION OF THE BEARER, AT E FIRST STATE BANK OF DENTON, DENTON, TEXAS, said amount being interest coming due that day on the bond, bearing the number hereinafter designated, of that issue of CITY OF DENTON GENERAL OBLIGATION BONDS, SERIES 1983, DATED (MARCH 15, 1983. Bond No. , xxxxxxxx xxxxxxxx C ty Secretary Mayor f Section 7. That a special "Interest and Sinking Fund" is hereby created solely for the benefit of said bonds, and said interest and Sinking Fund shall be established and maintained by said city at an official depository bank of said City. Said Interest and Sinking Fund shall be kept separate and apart from all other funds and accounts of said City, and shall be used only for paying the interest on and principal of said bondo. All ad valorem taxes levied and collected for and on account of said bonds shall be deposited, as collected, to the credit of said interest and Sinking Fund. During each year while any of said bonds or interest coupons appertaining thereto are out- standing and unpaid, the governing body of said City shall compute and ascertain a rate and amount of ad valorem tax which will be sufficient to raise and produce the money required to pay the interest on said bonds as such interest comes due, and to provide and maintain a sinking fund adequate to pay the principal of such bonds as such principal matures (but never less than 28 of the original principal amount of said bonds as a sinking fund each year); and said tax shall be based on the latest approved tax rolls of said City, with full allowance f being made for tax delinquencies and the cost of tax collec- tion. Said rate and amount of ad valorem tax is hereby levied, and is hereby ordered to be levied, against all taxable proper- ty in said City for each year while any of said bonds or interest coupons appertaining thereto are outstanding and i' unpaid; and said tax shall be assessed and collected each such year and deposited to the credit of the aforesaid Interest and Sinking Fund. Said ad valorem taxes sufficient to provide for the payment of the interest on and principal of said bonds, as ` such interest comes due and such principal matures, are hereby pledged irrevocably for such payment, within the limit pre- scribed by law. Section 8. That the Mayor of said City is hereby author- ized to have control of said bonds and all necessary records and proceedings pertaining to said bonds pending their delivery and their investigation, examination, and approval s the Attorney General of the State of Texas, and their registration by the Comptroller of Public Accounts of the State of Texas. Upon registration of said bonds, said comptroller of Public Accounts (or a deputy designated in writing to act for said Comptroller) shall manually sign the comptroller's Registration Certificate printed and endorsed on each of said bonds, and the seal of said Comptroller shall be impressed, or placed in facsimile, on each of said bonds. Section 9. That the City covenants to and with the purchasers of the bonds that it will make no use of the proceeds of the bonds at' any time throughout the term of this issue of bonds which, if such use had been reasonably expected of the bonds to and payment for the on the date of Whichery bonds by the pur 1hasers, would havef aSectionhe103 (c)s of he arbitrage bonds within the meaning o Internal Revenue Code of 1954, as amended, or any regulations or rulings pertaining thereto; and by this covenant the City is obligated to comply with the requirements of the aforesaid 103(c) and all applicable and pertinent The Department City Section y the Treasury regulations relating to arbitrage bonds. further covenants that the proceeds of the bonds will not 4 otherwise be used directly or indirectly so as to cause all or any part of the bonds to be or become arbitrage bonds within the meaning of the aforesaid Section 103(c), or any regulations or rulings pertaining thereto. Section 10. That it is hereby officially found and determined: that a case of emergency or urgent public neces- sity exists which requires the holding of the meeting at which this ordinance is passed, such emergency or urgent public necessity being that the proceeds from the sale of said bonds are required as soon as possible and without delay for neces- sary and urgently needed public improvementsi and that said meeting was open to the public, and public notice of the time, place, and purpose of said meeting was given, all as required by Vernon 's Ann. Civ. St. Article 6252-17. Section 11. That said bonds are hereby sold and shall be delivered to RepublicBank Dallas N. A., Dallas, Texas, for cash for the par value thereof and accrued interest thereon to date of delivery, plus a premium of $ - 0 - . It is hereby officially found, determined, and ec are that said bonds have been sold at public sale to the bidder offering the lowest interest cost, after receiving sealed bids pursuant to an j official Notice of Sale and Official Statement dated March 4, I 1983, prepared and distributed in connection with the sale of said bonds. Said Official Notice of Sale and Official State- ment, and any addenda, supplement, or amendment thereto have been and are hereby approved by the City Council, and their use in the reoffering of the bonds by the purchasers is hereby approved. It is further officially found, determined, and declared that the statements and representations contained in said official Notice of Sale and Official Statement are true and correct in all material respects, to the best knowledge and belief of the City Council. I i r 5 I 1 ,u I GENERAL CERTIFICATE VE STATE OF TEXAS ; COUNTY OF DENTON ; CITY OF DENTON We, the undersigned officers of said City, hereby certify as follows: 1. That this certificate is executed for and on behalf of said City with reference to the issuance of the proposed City of Denton General Obligation Honds, Series 1983, dated March 150 1983, in the principal amount of $4,742,000 (the "Bonds"). 2. That said City is a duly incorporated Home Rule City, having more than 5000 inhabitants, operating and existing under the Constitution and laws of the State of Texas and the duly adopted Home Rule Charter of said City, which Charter has not been changed or amended since the passage of the ordinance authorizing the issuance of the Certificates of Obligation, Series 1980, dated April 15, 1980. 3. That no litigation of any nature has ever been filed pertaining to, affecting, questioning, or contesting: (a) the election which authorized said City's proposed bonds described in paragraph 1 of this certificate; (b) the issuance, execu- tion, delivery, payment, security, or validity of said proposed bonds, (c) the authority of the governing body and the officers of said City to issue, execute, and deliver said bonds, (d) the validity of the corporate existence of said City, (e) the current Tax Rolls of said City, or (f) the Home Rule Charter of said City; and that no litigation is pending pertaining to, affecting, questioning, or contesting the current boundaries of said City. 4. That in all matters relating to ordering, giving notice, and holding the election at which the proposed bonds were authorized, the city complied with the Federal Voting Right,e Act of 1975 and the applicable parts of the Texas Election Code, including particularly Section 1.08a of the Texas Election Code pertaining to bilingual requirements. 5. That attached to this certificate and marked "Exhibit A" is a trust full, and correct schedule and statement of the aforesaid proposed bonds, and of all presently outstanding tax indebtedness of said City. 6. That the currently effective ad valorem Tax Rolls of said City are those for the year 1982, being the most recently approved Tax Rolls of said city; that said City has caused the taxable property in said City to be assessed as required by law= that the Board of Equalization of said City has equalized and approved the valuation of taxable property in said City for said year; that the Tax Assessor of said City has duly verified the aforesaid Tax rolls, and said Beard of Equalization has finally approved the spore; and that the assessed value of taxable property in said City upon which the annual ad valorem tax of said City actually hes been or will be le.vied (after deducting the amount of all exemptions pursuan'. to Section 1-b (b) and (c), and E action 2(b), of Article b of the Texas Constitution, and the Texas Property Tax Code), according to the aforesaid Tax rolls for said year, as delivere to the d City and SecretaLy of said city, and finally a. the city Council of said City, is $1,049,946,549. SIGNED AND SEALED the 22nd day of March, 1983. May &dCiAye4retary~ (SEAL) "EXHIBIT A" General Obligation Bonds, Series 198:1, dated 3/15/83, bearing interestr a s maturing as set forth in the Ordinance authoriz- ing Genersaid al d Obligation Bonds, Series 1960, dated 7/15/60, now outstanding in the principal amount of $75,000, bearing inter- est, and maturing in the amounts on July 15 of the years, as follows: 3.858: 25M-83/85. stree• Improvement Bonds, Series 1962, dated 3/15/621 now outstanding in the principal amount of $80,000, bearing inter- est, and maturing in the amounts on March 15 of the years, as follows: 3.208: 20M-84/870 General Obligation Bonds, Series 1963, dated 3/15/63, now outstanding in the principal amount of $100,000, bearing interest, and maturing in the amounts on March 15 of the year, a3 follows: 3.208: 20M-84/86; 3-1/48: 20M-87/88. General Obligation Bonds, series 1966, dated 1/15/66, now outstanding in tha principal amount of $1800,0001 bearing interest, and maturing in the amounts on January 15 of the years, as iollOws: 3-1/28: 60M-84186. General-Obligation Bonds, Series 1967, dated 11/15/67, now outstanding in the principal amount of $210,000, bearing interest, and maturing in the amounts on May 15 of the years, as follows: 4-1/48: 30M-83/89. General Obligation Bonds, Series 1968, dated 2/1/68, now outstanding in the principal amount of $275,000, bearing interest, and maturing in the amourts on February 1 of the years, as follows: 4.308: 50M-84/87; 75M-88. { General Obligation Bonds, Series 1969, dated 4/15/690, now outstanding in the principal amount of $490,000, bearing interest, and maturing in the amounts on April 15 of the years, as follows: i 58: 70M-83/84; 5.108: 70M-85/87= 5.208: 70M-88/89. General Obligation Bonds, Series 1970, dated 9/15/70, now in the principal amount of $400,000, bearing outstanding interest, and maturing in the amounts on March 15 of the years, as follows: 5.658: SOM-84; 1 5.808: 5OM-85; Ir 5.908: 50M-86; I 68: 50M-871 6.138: 50M-88; 6.208: 50M-89/901 5R: 50M-91. . r 4 r General Obligation Street Improvement Bosids, Series 1974, dated 7/15/74, now outstanding in the principal amount of $1,200,000, bearing interest, and maturing in the amounts on July 15 of the years, as follcr J: 5.309: 100M-83; 5.409: 100M-84/85; 5-1/29: 100M-86; 5.609: 100M-87/88) 5.709: loom-89/90; 5.809: loom-91; f 5.909: 10OM-92; 68: 100M-93/94. General Obligation Refunding Bonds, Series 1974, dated 7/15/74, now outstanding in the principal amount of $60000001 bearing interest, and maturing in the amounts on July 15 of the years, as follows: 5.309: 50M-83; 5.408: 50M-84/85] 5-1/29: SOM-86i 5.608: SOM-87/88; 5.708: 50M-89/90; 5.808: 5OM-91; 5.908: SOM-92; 68: SOM-93/946 General Obligation Bonds, Series 1976, dated 4/15/76, now outstanding in the principal amount of $1,875,G00, bearing interest, and maturing in the amounts on July 15 of the years, as follows: 4-1/28: 125M-83/84; 4.60%: •125M-85; 4.708: 125M-86; 4.80%: 12SM-87; 4.908: 125M-88; 58: 12SM-89/90; 5.208: 125M-91; 5.308: 150M-92; 5.408: 150M-93/95; 4-1/28: 150M-96. General Obligation Bonds, series 1977, dated 6/1/77, now outstanding in the principal amount of $2,400,000, bearing interest, and maturing in the amounts on June 1 of the years, as follows: 6.008: 150m-83/84; 4.708: 150M-85; 4.408: 150M-86; 4.508: 150M-87; 4.609: 150M-88; 4.70%: 150M-89; 4.80%: 150M-90; 4.909: 150M-91; 5.008: 150M-92/93; 5.209: 150M-94; 5.258: 200M-95/96; 4.009: 200M-97. Certificates of Obligation, Series 1978, dated 3/1/78, now outstanding in the rinci al amount of $95,000, bearing inter- est, and maturing in the amounts on March 1 of the years, as follows: 5.509: loM-84/87; 15M-88/89; 25M-90. l •a1 General Obligation Bonds, Series 1979? dated 3/15/79, now outstanding in the principal amount of $3,825,000, bearing interest and maturing in the amounts on March 1 of the years, : 6.25%: 225M-841 5.20%: 225M-851 5.15%; 225M-86/881 5.20%: 225M-89/92= 5,25%. 225M-931 5.30%: 225M-941 5.40%: 225M-951 5,458: 225M-961 5.50%: 225M-97/2000. Certificates f hte i principal amount dated /low outstanding in p Pal amount of $1700001 bearing interests r and maturing in the amounts on January 1 of the years, as tollOws* 6.75%: 10M•901 20M-91/931 25M-94/97. Certificates of Obligation, Series 1979-A, dated 12/1/79, now outstanding in the principal amount of $275,000, bearing interest, and maturing in the amounts on June 1 of the years, as follows: 7.875%: 25M-90/951 50M-961 75M-97- Certificates of Obligation, Series 1980, dated 4/15/80, now outstanding in the principal amount of $250,000, bearing interest, and maturing in the amounts on April 15 of the years, as follows: 10.00%: 25M-8V/95. Total outstanding General Obligation Indebtedness - $121500000 I I~ TO 1 I\ 1 i The Attorney General of Texas April 20, 1983 MATTOX r orneyGcneral THIS IS TO CERTIFY that lhP foilowinq d-,scribed bonds, together with authenticated copies jr the proceedings relatinq to and authorizinq the ie[TIOCI W ~3u dill issuance of ;:ame, have been subm 1 t 1 Pd t n me f or 6tli17'4' . examinat ion in accordance with the requirements P,",'A 7dl:I J,4L of the statutes of the State of Texas, to-wit: ir; 2"01 f CITY OF DENTON GENERAL OBLIGATION BONDS, SERIFS 1983, issued by r virtue of an Ordinance adopted by the City Council of said City f on the 22nd day of March, 1983, for the purpose of the acquisi- tion of property and making improvements for public purposes in ` said City, to-wit.: providing $3,282,000 for drainage improve- ments; providinq $900,000 for right of way acquisition and reconstruction of University Drive; providing $450,000 for the ( construction of a new fire substation; and providing $110,000 for additional traffic control 9ignais; dated March 15, 1983; numbered consecutively from 1 to 950, inclusive; in the denomi- na:.ion of Five Thousand Dollars ($5,000) each, except for Bonds No. I and 2, in the denomination of One Thousand Dollars ($1,000) each; aggregating the principal sum of Four Million Seven Hundred Forty-Two Thousand Dollars ($4,742,000); maturing serially on March 15 in each of the years as follows: 1984 $2170000 1985/1993 225,OD0 1994/2003 250,OOO bent inq interest from date at the following rates per annum, lu-wit: Bonds maturinq 1984/1968 10,00% Bonds maturinq 1989 8,900 Bonds maturing 1990 7.700 Bonds maturing 1991 8.00`0 Bunds maturing 1992 8.20% Bonds maturing 1993 8.40'4 Bonds rnaLurinq 1994 8.60% Bonds maturinq 1995 8.751V Bonds maturing 1996 8.90% j Bonds maturinq 1997 9.0004, Bonds maturing 1998 9.10% Bonus mr•Luring 1999/2003 9.25% I G r Page -2- payable on March 15, 1984, and semiannually thereofter on Septembr,r 15 and March 15 in each year while said bonds are outstanding; both principal and interest payable at the Texas American flank Fort Worth, N.A., Fort Worth, Texas, or, at the ` option of the bearer, at the First SLaLe Bank of Denton Den • ton Texas said bonds r f ~ being subject to prior redemption to the extent and in the manner provided in said authorizing Ordinance. From a careful examination of said bonds and proceedings and y the ConstituLion arid laws of the State of Texas on the subject of r the execution dnd i~aRUance thereof, I find the following facts, to-wat: (1) That said C i L y of Denton, Texas was, nt the time of Lhe adopt inn of the Ordinance above referred to, and is, as of f this dale, legally incorporated; (2) ThaL annual ad valorem taxes sufficient to provide for the payment of the interest on and principal of these bonds, as such interest comes due and such principal matures, nave been levied and ordered to be levied against all taxable property in said City, and have been pledged irrevocably for such payment, within the limit prescribed Ly law; (3) That, thu ordinance authorizing the issuance of said bonds is in proper form and was legally adopted; (4) That said bonds and interest coupons ettached thereto are proper in form and in accordance with the Ordinance authori- zing their issuance. if TS MY JUDGMENT, and I su find, that all of the require- ments of the laws under which said bonds were issued have been met; that said bonds were issued in conformity with the Consti- tution and laws of the State of Texas; and that said bonds are valid and binding obligations of said City of Denton, Texas. WHEREFORE, said bonds are hereby approved. IN TESTIMONY WHEREOF, I have hereunto signed my name offi- cially and caur,ed the seal of my office to be impressed hereon, in the City of Austin, Texas. (Att oC'y rf nera oft a State of Texas No. 18833 Book No. 73 jh I r f 7) OFFICE OF COMPTROLLER l OF THE STATE OF TEXAS I, Bob Bullock, Comptroller of Public Accounts of the State of Texas, do hereby certify that the attachment is a true and correct copy of the opinion of the Attornay General approving the City of Denton General Obligation Bonds, Series 1983 numbered consecutively from 1 to 950 _ of the denomination of 1,000.00 d S 5,000.00 each, dated March 15 19 83 ,due See foregoing interest various _ percent, under and by authority of which said bonds were registered in this office, on the 229d day of April 19 83 as the same appears of record on page . 421 Bond Register of the Comptroller's Office, Vol, 84 Register Number 47241 _ Given under my hand and seal of office, at Austin, Texas, the 22nd day of April 83 BOB BULLOCK Comptroller of Public Accounts State of Texas i 1 :>r »asa 4= (Rev. 5-421 `I I 1I1 foim 2P49o-3.07 la.v. 11.77) OFFICE OF COMPTROLLER OF THE STATE OF TEXAS Betty Melber 0 Bond Clerk Rl Assistant Bond Clerk in the office I, of the Comptroller of the State of Texas, do hereby certify that, acting under the direction and authority of said Comptroller on the 22nd day of April 19 83 1 signed the name of said Comptroller to the certificate of registration indorsed upon each of the City of Denton General Obligation Bonds, Series 1983 I -I numbered from 1 to 950 inclusive, dated March 15, 1983 and that in signing said certificate of regis tion I used the following signature: IN WITNESS WHEREOF I have executed this certificate this 22nd day of April 019 83 I, Bob Bullock, Comptroller of Public Accounts of the State of Texas, do hereby certify that the person who has signed the above certificates was duly designated and appointed by me as Bond Clerk in the office of the Comptroller of Public Accounts of the State of Texas under authority vested in me by Tex. Rev. Civ. Stat. Ann. irt. 4362 119691, with authority to sign my , name to all certificates of registration, and/or cancellation of bonds required by law to be registered and/or cancelled by me, and was acting as such on the date first mentioned in said certificate, and that the bonds described in said certificate have been duly registered in the office of said Comptrol'er, as appears of record on page 421 of volume 84 -under Registration Number 47241 in the Bond Register kept in the office of the said Comptroller. 22nd day of GIVEN under my hand and seat of office at Aiistin, Texas, this _ April , 19 83 I 7 BOB BULLOCK Comptroller of Public Accounts of the State of Texas C NO-ARBITRAGE CERTIFICATE THE STATE OF TEXAS = COUNTY OF DENTON i I CITY OF DENTON The undersigned, being the duly chosen and qualified Mayor and City Manager, respectively, of the City of Denton (the "City"), hereby certify with respect to that issue of City of Denton General Obligation Bonds, Series 1983, in the principal amount of $41742000 (the "bonds"), as follows: 1. that we, along with other officers, are charged with the responsibility of issuing the bonds and ex- pending the proceeds of the bonds. 2. that this certificate and covenant are made pur- suant to Sections 1.103-13, 1.103-14, and 1.103-15 of the proposed Income Tax Regulations (the "Regulations") of the Internal Revenue Service with respect to arbitrage bonds as described in Section 103(c) of the Internal Revenue Code of 1954, as amended (the "Code"), and the words and phrases used herein have the same meanings as defined and used in the Regulations. 3. that this certificate is based on facts, estimates, and circumstances in existence on the date of this certi- ficate, which is the date of issue of the bonds, and on such basis it is reasonably expected that the following will occur with respect to the bands, ana, to the best knowledge and belief of the undersigned, such expecta- tions are reasonable% (a) that the bonds are issued, sold, and de- livered in the total aggregate principal amount of $4,742,000, for the purpose of the acquisition of property and making improvements for public purposes in said City, to-wits providing $3,282,000 for drainage improvements; providing $900000 for right of way ac- quisition and reconstruction of University Drive; providing $450000 for the construction of a new fire sub-stal-Aon; and providing $110000 for additional traffic control signals. (b) that the City will incur, within six months after the date of issue of the bonds, binding obliga- tions to commence each of the projects, respectively, to be financed by the bonds, either by entering into contracts for the construction of such projects to be financed by the bonds, or by entering into contracts for architectural or engineering services for such projects, or contracts for land acquisition, site de- velopment, purchase of construction materials, or pur- chase of equipment, for such projects, or in case of services, will commit itself to make an equivalent ex- penditure for similar services by employees of the City, with the amount to be paid under each such contract and commitment with respect to each such project, respect- ively, to be in excess of two and one-half percent of the portion of the amounts received from the sale of the bonds allcated amounts tocbeppaidcundersalltofely (with the agggg g such contracts to be in excess of two and one-half percent of all of the amounts received from the sale of the bonds); (c) that after entering into said contracts or making such commitments, work on all of such projects will proceed promptly and with pletion; (d) that all of the amounts received from the sale of the bonds and all investment income derived therefrom will be expended for the purposes of the 1 bonds by the end of the three-year period beginning ` on the date of issue of the bonds' (e) that none of the amounts received from the sale of the bonds will be placed in a reserve or re- placement fu:,d, and, except as provided in (f) and (g), below, none of the amounts received from the sale of the bonds and none of the proceeds of the bonds of any kind will either (i) be placed in a reserve or replacement fund, or (ii) be used directly or indirect- ly to replace funds which were used directly or in- directly to acquire any securities or obligations of h any kind= I (f) that a separate and special "Interest and Sinking Fund" has been created and established solely to pay the principal of and interest on the bonds, with a portion of such fund constituting a bona fide ' debt service fund for the bonds, and money deposited into the "Interest and Sinking Fund" for the bonds will not be invested except during the thirteen month period beginning on the date of each such deposit of money, and the amounts received from the investment of money in the "Interest and Sinking Fund" will not be invested except during the one year period beginning ` on the date of receipt of such amounts; provided, how- ever, and except that, if any money so deposited, and ` any amounts received from the investment thereof, are accumulated in the "Interest and Sinking Fund" and re- main on hand in the "interest and Sinking Fund" after thirteen months from the date of deposit of any such money or one year after the receipt of any such amounts from the investment thereof, such money and amounts, to the extent of an aggregate not exceeding 158 of the ori- ginal face amount of the bonds (with the bonds having been sold at face value or par), , shall constitute a reasonably required debt service reserve fund for the bonds, and may be invested, and will not be subject to investment yield restrictions, and shall constitute a ; separate portion of the "Interest and Sinking Fund") (g) that it is expected that a portion of the "Interest and Sinking Fund" will be used primarily to achieve a proper matching of tax revenues collected for the bonds and debt service on the bonds within each bond year, and it is expected that such portion basis, depleted the esiinp first Fund" out will be once a year on a first in except for a possible carryover amount which will not exceed f the greater of one year's earnings on such fund or 1/2 of annual debt service payable from such fund, but any money and amounts which may be accumulated in the "Interest and Sinking Fund" to constitute a debt service reserve fund for the bonds as described in (f), above, shall constitute a separate portion of the "In- terest and Sinking Fund", and will not be depleted an- nually, and will not be subject to yield restrictions; provided that in no event will such debt service re- efund pitrface ever exceed 158 of the original aamountkofgthend" bonds; (h) that except as provided in (f) and (g), above, cumulated in money or amounts will be held or acn or i mot. ~ invested from any sinking fund, debt service fund, re- demption fund, reserve fund, rraplacement fund, or simi- lar fund which is reasonably expected to be used to pay d principal or interest on the bands; i (i) that none of the projects to be financed by the bonds will be sold or otherwise disposed of, in whole or in part, prior to the final maturity of the bonds; (j) that the amounts reaceived from the sale of the bonds will not exceed the amounts necessary for the governmental purposes of the bonds; (k) that the City has not been notified of any listing of it by the Internal Revenue Service as an issuer that may not certify its bonds. 4. that it is not expected that the proceeds of the bonds will be used in any manner that would cause such obligations to be arbitrage bonds under section 103(c) of the code and the Regulations prescribed under that Section, and it is further specifically covenanted that the proceeds of the bonds will not be used directly or indirectly so as to cause all or any part of the bonds to be or become arbi- trage bonds within the meaning of that Section or the Regu- lations prescribed by that: Section. i 5. that to our best knowledge and `-elief there are no other facts, estimates, or circumstances that would ma- r terially change the foregoing conclusions or statements. EXECUTED this APR 2 8 1983 , C y o ento , Tex s ty anager, C VVY o en , Texas (SEAL) 1 SIGNATURE IDENTIFICATION AND NO-LITIGATION CERTIFICATE THE STA IE OF TEXAS : COUNTY OF DENTON ; CITY OF DENTON ; We, the undersigned, hereby certify as follows: (a) That this certificate is executed and delivered with reference to that issue of City of Denton General Obligation Bonds, Series 1983, dated March 15, 1983 , in the principal amount of $ 4,742#000 (b) That we officially executed and signed said Bonds and the interest coupons attached thereto by causing facsimiles of our manual signatures v be imprinted or lithographed on each of said Bonds and interest coupons, and we hereby adopt said facsimile signatures as our own, respectively, and declare that said facsimile signatures constitute our signatures the same as if we had manually signed each of said Bonds and interest coupons. (c) That said Bonds and interest coupons are substantially in the form, and have been duly ex- ecuted and signed in the manner, prescribed in the order, resolution, or ordinance authorizing the issu- nce of said Bonds and interest coupons. (d) That at the time we so executed and signed said Bonds and interest coupons we were, and at t time of executing this certificate we are, the duly chosen, qualified, and acting officers indicated therein, and authorized to execute the same. (e) That no litigation of any nature has been filed or is now pending to restrain or enjoin the issu- ance or delivery of said Bonds or interest coupons, or which would affect the provision made for their payment or security, or in any manner questioning the proceedings or authority concerning the issu- ance of said Bonds and interest coupons, and that so far as we know and believe no such litigation is threatened. (f) That neither the corporate existence nor boundaries of said issuer is being contested, that no litigation has been filed or is now pending which would affect the authority of the officers of said issuer to issue, k :ecute, and deliver said Bonds and interest coupons, and that no author t or proceedings for th issuance of said Bonds and interest coupons have been repealed, revoked, or rescinded. (g) That we have caused the official seal of said issuer to be impressed, or printed, or lithographed on each of said Bonds; and said seal on said Bonds has been duly adopted as, and is hereby declared to be, the official seal of said issuer. I EXECUTED and delivered this APR 2 S 1583 MANUAL IGNATURES OFFICIAL TITLES 3}tAX.,...................... 14 . 1 ...............~J.tY...Secretary......... The signatures of the officers subscribed above r are hereby certified to be true and genurne. ....+'t~"~ 'BANK SEAL) Bank B ..1./~7•A1.`A l1•~...C••~3:.\" By Authorized OP.icer ` LAW OFFICES Mecall, PukhuM d< "orlm 1400 Herc"tile 8uik Buitdive Daifu. Tana "7701 I LAW OFFICES MCCALL, PARKHURST & HORTON 900 Diamond Shamrock Tower 1 717 N. Harwood 1 Dallas, Texas 7501 I CITY OF DENTON GENERAL OBLIGATION BONDS, SERIES 198.7, DATED MARCH 15, 1983, IN THE PRINCIPAL AMOUNT OF $4,742,000 A : 90ND COUNSEL for the City of Denton, Texas, the Issuer (the "Issuer") of the bonds described rbove (the "Bonds"), we have examined Into the legality and validity of the Bonds, which bear Interest from their date, until maturity cr redemption, at the following rases per annum: maturities 1984, 1000% maturities 1994, 8." maturities 19115, 10,00% n aturities 1995, 8.75% maturities 1988, 10.00% n aturities 1996.8,90% maturities 1961, 10.00% n sturiVes 1997, 9.00% maturities 19& , 10,00% it aturlbas 1998, 9.10% maturities 158x, 8.90% IT aturities 1999, 9.25% maturities 1990, 7.7D% maturities 2000, 9.25% maturities 1£91, 8,00% maturities 2001, 9.25% maturities 1992, 8.20% maturities 2002, 915% maturities 1993, 8.40% maturities 2003, 9.25% evidenced by Interest coupons payable on MARCH 15, 1984, and semiannually thereafter, and maturing serially on MARCH 15 In ench of the years 1984 through 2003, and with the Bonds being redeemable prior to their scheduled maturities on MARCH 15, 5993, or on any interest payment date thereafter, in accordance with the terms and conditions stated on the face of each of the Goods. WE HAVE EXAMINED the applicable and pertinent provisions of the Constitution and laws of the I Stale of Texas, and a transcript of certified proceedings of the Issuer, and other pertinent instruments authorizing and relating to the issuance of the Bonds, Including one of the executed Bonds (Bond No. i, 1). li BASED ON SAID EXAMINATION, IT IS OUR OPINION that said Bonds have been authorized, f issued, and dedvereo In accordance with law, and constitute valid and legally binding obligations of the Issuer; and that ad valorem taxes sufficient to provide for the payment of the Interest on and principal of I said Bonds have been levied and pledged Irrevocably for such purpose, within the limit prescribed by law. IT IS FURTHER OUR OPINION that the Interest on sold Bonds is exempt from Federal Income Taxes under existing statutes, regulations, rulings, and court decisions. I WE HAYE ACTED AS BOND COUNSEL for said Issuer for the sots purpose of rendering an opinion with respect 10 the legality end validity of the Bonds under the Constitution and laws of the State of Texas, and with respect to the exemption of the interest on the Gonda from Federal income Taxes, and for no other reason or purpose. We have not been requosted to Investigate or verify, and have not Investigated or verified, any records, dale, or other material relating to the financial condition or capabilities of said City, and have not assumed any responsibility with respect thereto. We have relied solely 04 certificates executed by officials of said City as to the current outstanding Indebtedness and assessed valuation of taxable property of said Issuer. Respectfulty, MOCALL, PARKHURST & HORTON CERTIFICATE I, THE UNDERSIGNED, City Secretary of the City of Denton, Texas, hereby certify that the above and foregoing is u true, full, and correct copy of the oplrl;n of McCall, Parkhurst & Horton, Attorneys At Lew, as to the validty and security of the Bonds described therein, which opinion was dated and delivered concurrently with the original delivery of said Bonds. i City Secretary j i , r \u- ° 11.. ~`aER I ~ I'~ii 1ff , t• q_,.r4 it - i I -U `ter,, rf f7 a - S,Tr rkl ~T t7 s '~,WYO'. U'J ~+bLiai~ tY+irYl*iYttV [4- UNITED STATES OF AMERICA STATE OF TEXAS j9 COUNTY OF DENTON f CITY OF DENTON GENERAL OBLIGATION BOND SERIES 1983 e ON MARCH 15, 1984, THE CITY OF DENTON, in Denton County, Texas, hereby promises to pay to bearer hereof the principal amount of J FIVE THOUSAND DOLLARS I and to pay interest thereon, from date hereof, at t:e rate o; TEN PERCENT (1b.00%) per annum, evidenced by interest coupons payable MARCH 15, 1994, and semiannually thereafter while this bond is outstanding, THE PRINCIPAL of this bond and the Interest coupons appertaining hereto shall be payable to bearer, in lawful money of the United States of America, without exchange or collection charges to the bearer, upon presentation and surrender of thin bond or proper interest coupon, at the following, which shall constitute and be defined as the "Paying Agent," for this Series of bonds: TEXAS AMERICAN BANK FORT WORTH, N A., FORT WORTH TEXAS, OR, AT THE OPTION OF THE BEARER, AT FIRST STATE BANK OF DENTON, DENTON, TEXAS. THIS BOND is one of a Series dated as of MARCH 15, 1983, authorized, issued, and delivered in the principal amount of $4,742,000 for the purpose of the acquisition of property ani making improvements for public purposes in said City, to-wit: providing $3,282,000 FOR DRAINAGE IMPROVEMENTS; providing $900,000 FOR RIGHT OF WAY ACQUISITION AND RECONSTRUCTION OF UNIVERSITY DRIVE; providing $450,000 FOR THE CONSTRUCTION OF A NEW FIRE SUBSTATION, and providing $110,000 FOR ADDITIONAL TRAFFIC CONTROL SIGNALS. ON MARCH 15, 1993, I or on any interest payment date thereafter, any outstanding bonds of this Series may be redeemed prior to their schedules maturities, at the option of said City, In whole, or in part, for the principal amount thereof and accrued interest thereon to the date fixed for redemption. At least thirty days prior to the date fixed for any such redemption said City shall cause a written +'I notice of such redemption to be published at least once in a financial publication published In the City of New York, New York. By the date fixed for any such redemption due provision shall be made with the "Paying Agent" for the payment of the principal amount of the bonds which are to be so redeemed and accrued interest thereon to the date fixed for redemption. If such written notice of redemption is published and if due provision for such payment is made, ail as provided above, the bonds which are to be so redeemed thereby automatically sl-1 be redeemed prior to their scheduled maturities, and they shall not bear Interest after the date fixed for redemption, and they :half not be regarded as being outstanding except for the right of the bearer to receive the redemption price from the "Paying Agent" out of the funds provided for such payment. IT IS HEREBY certif,ed, recited, and covenanted that this bond has been duly cn4 va;idly voted, authorized, issued, and delivered; that all acts, conditions, and things required or proper to be performed, exist, and be done precedent tie or in the voting, authorization, issuance, and delivery of this bond have been performed, existed, and been done In accordanta with law; J that this bond is a general obligation of said City, issued on the full 'aith and credit thereof; and that annual ad valorem taxes sufficient to provide for the payment of the interest on and principal of this bond, as such Interest comes rfue and such principal matures, have been levied and ordered to be levied against all taxable property In said City, and have been pledged irrevocably for such payment, within the limit prescribed by law. IN WITNESS WHEREOF, this bond and the interest coupons appertaining hereto have been signed with the facsimile signature of the Mayor of said City ,.ad countersigned with the facsfri signature of the City Secretary of said City, and the official seal of said City has been cI impressed, or placed in facsimile, on this bond. llil l uu an„„ry/ ~DD OF. IDI f Of, Secrets City of Denton _ M y r Cit of Denton e mi. in 6 - f. .y 4.. y ~~~111I.111111111~•••• TREASURER'S RECEIPT THE STATE OF TEXAS: COUNTY OF DENTON CITY OF DENTON T'ne undersigned hereby certifies as follows: (a) That this certificate is executed and delivered with reference to that issue of City of Denton General Obligation Bonds, i~ Series 1983, dated March 15 1983, in the principal amount of $ 4, 742, 000 I I (b) That tl•e undersigned is the duly chosen, qualified, and acting Treasurer of the issuer of said Bonds. (c) That all of said Bonds have been duly delivered to the purchasers thereof, namely: REPUBLICBANK DALLAS N.A., DALLAS, TEXAS (d) That all of said Bonds have been paid for in full by said purchasers concurrently with the delivery of this certificate, and the issuer of said Bonds has received, and hereby acknowledges receipt oi, the agreed purchase price for said Bonds, being the par or principal amount thereof and accrued interest to the date of delivery. (e) That all interest coupons representing interest scheduled to come due on said Bonds were attached to said Bonds at the time of delivery thereof ; except that all interest coupons, if any, scheduled to come due prior to the date of delivery of said Bonds were detached and cancelled prior to said delivery. EXECUTED and delivered this APR 1983 , E f 1 CLOSING CERTIFICATE THE STATE OF TEXAS COUNTY OF DENTON CITY OF DENTON We, the undersigned officers of said City, hereby certify as follows: 1. That this certificate is executed for and on behalf of said City with reference to the issuance of the proposed CITY OF DENTON GENERAL OBLIGATION BONDS, SERIES 1983, DATED MARCH 15, 11083, in the principal amount of $4,742,000. 2. That, to our best knowledge and belief: (a) the descriptions and statements of or per- taining to the City contained in its Official State- ment dated March 4, 1983, and any addenda, supple- ment, or amendment thereto, on the date of such Offi- cial Statement, on the date of sale of said Bonds and the acceptance of the best bid therefor, and on the date of delivery, were and are true and correct in all material respects; (b) insofar as the City and its affairs, includ- ing its financial affairs, are concerned, such Official Statement did not and does not contain an untrue state- ment of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading; (c) insofar as the descriptions and statements, including financial data, of or pertaining to entities other than the City, and their activities, contained in such Official Statement are concerned, such state- ments and data have been obtained from sources which the City believes to be reliable and that the City has no reason to believe that they are untrue in any ma- terial respect; and (d) there has been no material adverse change in the financial condition of the City since the date of the last audited financial statements of the City. SIGNED AND SEALED this APR 2 8 1983 /J7 C y C er ayor (SEAL) f I LAW OFFICES ND..T N. MGC ALL MCCA'L 1, PARKHURST S HOR*ON wJL S MORTON 1400 VfIiCANTILf BANK Bl11L0ING PL HR M TART ROT M •O1k3CTT DALLOS, TEXAS 75201 RICHARD C PORTER ANOCLO P. PARER AREA CODE 214 748 .9501 H 0D PA RST (1 90621 0 CHARLES e06DISN -9S0I CLAME*Cf C. C. CRR 606-1681) MENNETH C.IVL LA OW, (1 (HD)-16611 J. •11C.OLS0N MCINDL /•3 N W. RWDOTTOM CT A A, LIDS K L jEF1 APR ~J/ ~A/(Mlfd( THOMAS N. SPUPaEOM CITY OF DENTON GENERAL OBLIGAPION BONDS, SERIES 19831 DATED MARCH 151 1983, IN THE PRINCIPAL AMOUNT OF $4,742,000 AS BOND COUNSEL for the City of Denton, Texas, the issuer (the "issuer") of the bonds described above (the "Bonds" we have examined into the legality and validity of the Bonds, which bear interest from their date, until maturity or redemp- tion, at the following rates per annum: { maturities 1984, 10.00% maturities 1994, 8.608 maturities 1985, 10.00% maturities 1995, 8.758 maturities 1986, 10.003 maturities 1996, 8.908 maturities 1987, 10.008 maturities 1997, 9.008 maturities 1988, 10.008 maturities 1998, 9.108 maturities 1989, 8.908 maturities 1999, 9.258 maturities 1990, 7.708 maturities 2000, 9.258 maturities 1991, 8.008 maturities 2001, 9.258 maturities 1992, 8.208 maturities 2002, 9.258 maturities 1993, 8.40" maturities 2003, 9.258 ev;.denced by interest coupcas payable on MARCH 15, 1984, and semiannually thereafter, and maturing serially on MARCH 15 in each of the' years 1984 through 2003, and with the Bonds being redeemable prior to their scheduled maturities on MARCH 15, 1993, or on any interest payment date thereafter, in accordance with the terms and conditions stated on the fe.ce of each of the Bonds. WE HAVE EXAMINED the applicable and pertinent provisions of the Constitution and laws of the State of Texas, and a transcript of certified proceedings of the Issuer, and other pertinent instruments authorizing and relating to the issuance i of the Bonds, including one of the executed Bonds (Bond No. 1). {J BASED ON SAID EXAMINATION, IT IS OUR OPINION that said Bonds have been authorized, issued, and delivered in accordance with law, and constitute valid and legally binding obligations of the Issuer; and that ad valorem taxes sufficient to provide for the payment of the interest on and principal of said Bonds have been levied and pledged irrevocably for such purpose, within the limit prescribed by law. IT IS FURTHER OUR OPINION that the interest on said Bondi is exempt from Federal Income Taxes under exieting statutes, ` regulations, rulings, and court decisions. l WE HAVE ACTED AS BOND COUNSEL for said Issuer for the sole purpose of rendering an opinion with respect to the legality and validity of the Bonds under the Constitution and laws of the State of Texas, and with respect to the exemption of the interest on the Bonds from Federal Income Taxes, and for no other reason or purpose. We have not been requested to in- vestigate or verify? and have not investigated or verified, any records, data, or other material relating to the financial condition or capabilities of said city, and have not assumed any responsibility with respect thereto. We have relied solely on certificates executed by officials of said City as to the F current outstanding indebtedness and assessed valuation of taxable property of said issuer. Respectfully, I Al so I i -44- 4 THE STATE OF TEXAS, poi 1219P G 872 COUNTY OF Denton NgALL MEN BY THESE PRESENTS: RECOR THAT Lakewood Estates Partnership r EI of Denton County , in consideration of the sum of One (1.00) dollar and otber good and valuable consideration i in hand paid by City of Denton receipt of which is hereby acknowledged, do by these presents grant, bargain, sell and convey unto 0 the City of Denton the free and uninterrupted use, liberty and privilege of the passage in, along, upon and across the followinit described property, All that certain 0.515 acre tract, or parcel of ; land owned by it . Situated in Denton County, Texas, in the Stephen Hembrie Survey, Abstract No. 643; said tract being part of a tract shown by deed to Lakewood Estates Partnership and recorded in Volume 1172, page 318 of the Deed Records of Denton County, Texas and being more particularly described as follows: BEGINNING, for the northwest corner of the tract being described here- in at an iron pin on the east line of Farm Market Road 2181, said cor- ner being the southerly northwest corner of the said Lakewood Estates f Partnership tract; THENCE North 89 degrees 49 minutes 09 seconds East 23.82 feet to a corner for the beginning of a curve to the right whose radius is ' 1491.51' feet; central angle of 32 degrees 42 minutes 51 seconds and chord of 815.11 feet; THENCE southeasterly 825.61 feet with arc of curve to the end of said curve; THENCE South 01 degree 07 minutes 29 seconds East 295.98 feet to a corner; THENCE North 88 degrees 15 minutes 35 seconds West 20.02 feet to an Iron pin found in the ground on the east line of Farm Market Road 2181; THENCE North 01 degree 07 minutes 29 seconds West with the east line of said road 294.98 feet to a corner fir the beginning of a curve to the left whose radius is 1471.57 feet; central angle of 32 degrees 12 minutes 53 seconds and chord of 816.54 feet; THENCE northwesterly 827.39 Feet with :arc of curve to the end of said curve and to the point of beginning, I And it is further ag-eed that the add City of Denton in consideration of the benefit., above set out, will remove from the property above described, such fences, i buildings and other obstructions as mFy now be found upon said property. Fur the purpose of Constructing, installing,repairing and perpetually maintaining public utilities. in, along, upon t.nd across said premises, with the right and privilege at all timei of the grantee herein, his or its age-its, i employees, workmzn and representatives having Ingress, egress, and regress in, along upon and acrces said dremise3 for the purpose of ma'si-ig additions to, improvements on and repairs to the said public utilities or, any part thereof. TO HAVE ARID TO HOLD unto the said City of Denton as aforesaid for the purposes aforesaid the premises above described. 3 jE \%Vitness hand , this the i 2t dny of 1 f Bu on, General Pa frier Junior M. Smith 1 WIMEN1 SINGLE ACKNOWLEDGMENT xCKNOWLE lN~O~~~F THE STATE OF TEXAS, COfJNTY OF BEFORE ME, the undersigned authority, R.J. Butto, in and for said County-, Texas, on this day personally appeared..- 1c(4dlte(re ctrg person ..whose name.1S subscribed to the foregoing instiument, and acknowledged to me $urf . he ''••.ei4e, the same for the purposes and consideration therein expressed. C44N iiN$ NJY HAND AND SEAL OF OFFICE, This 3day of M?Y--__.- A.D. 19.-.83 z De-lores JDs7p1Ea vFl V 'I DELOPES JASPER _1, . Notary Public tttt ~ -County, Texas •{C- mmission Expires Apra Ba~ u My Commies?on Expires J%KKaXXX9( . April 8, 1987 ~-0 SINGLE ACKNOWLEDGIMENT THE STATE OF TEXAS, COUNTY OF.. BEFORE ME, the undersigned authority, In and for said County, Texas, on this day personally appeared.... known to me to be the person. _-whose name.-__ subscribed to the foregoing instrument, and acknowledged to me thst___.he.__ executed the same for the Purposes and consideration therein expressed. GIVEF UNDER MY HAND AND SEAL OF OFFICE, This day otA.D. 19 (L. S.) Notary Public _-._.__County, Texas bfv rmnrriselon Expirei Tune 1, 19 CORPORATION ACKNOWLEDGMENT THE STATE OF TEXAS, BEFORE ME, the undersigned authority, COUNTY OF- I in and for suld County, Teas, on this day personally appeared known to me to be the person and ol&•er .%huse name is subscribes to tie foregoing instrument and acknowledged to me that the same was Lhe net of the said a Corporation, and that he executed the same ns tte as. of ouch corporation for the p-mprxs and considarntian therein ..,.,...<u, 01,. t%c ...y.w . l) iu„ri„ atn,cd. GIVEN UNDER MY HAND AND SEAL OF OFFICE, This.. _ day of A.D. 19 (r,. S. J Notary Public, County, Texas My Commission Expires June 1, 19 CLERK'S CERTIFICATE THE STATE OF' TEWAS, COUNTY OF. County Clerk of the County ( County, do hereby certify that the foregoing instrument of ticriting dated on the day of r A. D. 19.. with its Certificate of Authentication, was filed for record fn my o Non the y A. D. 19 at, o'clock M, and duly recorded t .0 day 0 A. D. 19 , at o'clock . M., in the - Records of said County, in Volume,. on pages.. A ~ Apr .94.FDIV{ UNTY COURT of said County, at office in . th day and year last shoes written. OF County Clerk,.. County, Texas. j• (L. S1~by s7 a ' By Deputy. I{ i ~l~y~ r ~yQ4~y~ Tl' II i ` 0 ..Y w 06 0 II C ~PJ F q m CX ~ 2, f L Ol !r Oil 71d. A C, q y q a f If ,y a A~ ° r II1 TO I~ rj cg ! 7 y PL! 0 V4 L) !v i via ~~lf ~:I!.iD+•l Q~~.U1 q Q r to ~j I W a J c G u a I ~I I o w$ ray ♦i W L]: k. VVW ro 1 Wit 44: t c a , V O 1 q f 1 G 1" VdL 121~edgE873 f !-I I I s ! tg oa q oggf I . f c~ CC-215 EASEAS?. iT; iN run Stat1"ey Co:. Dal pas THE STATE OF TEXAS, m 1219f,AGE870 KNOW ALL MEN BY THESE PRESENTS: COUNTY OF Denton I pM RECORDS THAT Jack L. Bomar, Jr, and wife Mary P. Bomar of County, 1'exas in consideration of the sum of One dollar ($1.00) and no cents - - - - - - - - - and other good and valuable consideration in hand paid by the City of Denton, Texas receipt of which is hereby acknowledged, do by these presents grant, bargain, sell and convey unto to the City of Denton, Texas the free and uninterrupted use, liberty and privilege of the passage in, along, upon and across the following described property, w ned by them . Situated in Denton County, Texas, in the T. Peacock Survey, Abstract No. 1589 All that certain lest, tract or parcel of land lying and being situated in the City and County of Denton, State of Texas, and being part of the T. Peacock survey, Abst. No. 1589, and being part of Lot No. 13, Block A, of the Montecito Del Sur Addition, an addition to the City/County of Denton, and also being part of a tract of land as conveyed from Montecito Del Sur, Inc, to Justice Mortgage Investors by deed dated 7-7-76 and recorded in Volume 793, Page 798 of Cie Deed Records of Denton County, Texas, and more particul.ai.y; described as follows: Beginning at the northwest corner of said lot 13, said point lying in the southeast right-of-way line of Granada Trail; Thence south 500 44' 50" east along the northeast boundary line of said lot 13, a distance of 35 feet to a point for a corner; Thence south 390 15' 10" west, a distance of 16 feet to a point for a corner; Thence north 500 44' 50" west, 16 feet southwest of and parallel with the northeast boundary line of sai,! lot 13, an approximate distance of 35 feet to a point for a corner in the northwest boundary line of said lot 13, same being the southeast right-of-way line of Cranada Trail; Thence northeasterly along the northwest boundary line of Granada Trail, au approximate distance of 16 feet to the place of beginning and containing 0.0128 acres of land more or less. And it is further agreed that the said City of Denton, Texas , in consideration of the benefits above set out, will remove from the property above described, such fences, buildings and other obstructions as may now be found upon said property. For the purpose of construction, installing, repairing and perpetually maintaining public utilities in, along, upon and across said premises, with the right and rrivr'ege at all times of the grantee herein, his or its agents. employees, workmen and representatives having ingress, egress, and regress in, along upon and across said prPmi Aqa* the pu se f aking additions to, improv.%ments on and repairs to the said public utilities : or f' any et MIw E AND TO HOLD unto the said City of Denton, Texas as aforesaid for the purposes aforesaid the premises above described. Witness our hand a this the 25th day of May , A.D. 1983 e42 - l Mary P~- mar +i F4~ pp 'J L J J J, Ya J V G. V l I V V V,. V l 1 V, V J v V} r °I ly ~i ! r r. r q n q v v v v r a. ~l'.~ „G }„l, J'yi t,,,1~,, ..'J t J,IJ Vt t+ C~Jlt t'. ~i~l, t,•'~. V, vp~ TAE STATE OF TEXAS, ACKNOWLEDGMENT COUNTY OF Denton BEFORE ME, the undersigned authority, on this day personally appeared Jack _ Bomar, Jr. and wife Mary L. Bomar known to me to be the person S whose name s are subscribed to the foregoing instrument, and acknowldged tome that the y executed the same for the purposes and consideration therein ex~ressed. flilifikUNDER MY HAND AND SEAL OF OFFICE, This ~S day of A.D. 19103 a". ___ul,vww . Notary Public, in and for the State of Texas. DIY Commission Expires ....._1 ACKNOWLEDGMENT THE STATE OF TEXAS, i COUNTY OF J BEFORE ME, the undersigned authority, on this day personally appeared . . known to me to be the person whose name subscribed to the foregoing instrument, and acknowledged to me that he. executed the same for tLe purposes and consideration therein expressed. GIVEN UNDER MY HAND AND SEAL OF OFFICE, This,.,., day of A.D. 19-..__ (L.5.) Notary Public, in ani for the Slate of Texas. My Commission Expires_- CORPORATION ACKNOWLEDGMENT THE STATE OF TEXAS, BEFORE ME, the undersigned authority, COUNTY OF_ _ } on this day personally appeared.. _ _ _ - - - ......_..__.known to me to be the person and officer whose name is subscribed to the foregoing instrument and acknowledged to r.e that the same was the act of the sail _ - - -_............__._...__..__...._r._. - a corporation, and that he executed the same as the act of such corporation for the purposes and consideration therein expressed, and in the capacity therein stated. GIVEN UNDER MY HAND AND SEAL OF OFFICE, This A.D. 19...__._ (LS.) - Notary Public, in and for th- Nate of Texas. My Commission Expires CLERK'S CERTIFICATE ' THE STATE OF TEXAS, County - 1, _ COUP'TY OF Clerk of the County Court of said County, do hereby certify that the foregoing instrument of writing dated on thc. day of , A. D. 19 with its Certi°aate of Authentication, was filed fo: record in my office on the ___...-.......day of.... _ A. D. 19__ _ , at....... o'clock _ M., and duly recorded this day of...... _A. D. 19_...... , st- o'clock,. M., in the _ ...........Records of said County, in VIDIA10#.-_. on pages__ .ITNES.. MY HAND D AND SEAL OF THE COUNTY COURT of said Count a&eA! e~ r the day and year last above w£ ~'p 47 ♦ i~ County Clerk C a Qt~ountq, Texas. aao / , (L. S.) By. ` .......,"y.A Deputy. l ' : Y a. m a ai . 3 ro` I i Q U G7 Q Y~ ~ ! i Lu e a I! x i l d H i t lt. k~ a e' H rat .d +,,i~„11; (7 0 ! ~'e 3 c\C ay u V r~3 aa+ A I A i i i z H \ x y! vo 1~1 ?AGE8 1 4J - E~ d l 1 s NNEEEm DURANCE CERTIFIAE THIS IS 10 CERTIFY THAT tike parry or poLpes, if any. described in ire•as 1 through 6 ha•, I iuued by the Te as Employers' Irnuronce Association, andh. Teem Emplrytn Indemnity Cempony, and/o, the Ire io.en Cs ity Comport', and or he imployen Notional Inarcancr Company, and/or the Employe s CafaahI Corporalian, and or Ike Employers National Insurance Corporation of Insurer or Inurers To the Intured designo,rd in thk rerlll,coter end that rash su, i policy or policies, subject to the Limits of IlobiCfy, e.cluslpnt. provision, condifions and other suites thereof, a,e in full fc,ce card effect m of the date of This unif,wre II any such policy is eoncelied or is not I renewed of Ike request of either The Insrred or the lMOrer or it any ruck policy as one rerewc! Ihereol a changed in any manner for any rraton u 06 to affect this 8 Ce•hGcr4• ten day, prior wriThn netlce will be mailed by the insurer to the certifirote holder, herein named. THE CERTIFICATE OF INSURANCE AS SHOWN IN THIS CER. TIFICATE REMAINS IN EFFECT UNTIL TEN DAYS PRIOR WRITTEN NOTICE IS MAIIED TO THE CERTIFICATE HOIDER at tho odai sham hero. AS ABOVE PROVIDED, D or f a doL• is sha.n in the column hooded "e+pBotlan date.` suck insu ronu thcil ecpire eiThn upon such dote, or upon the date specified in .riven notice mailed fen Q days prior rherelo. rhiche ver date shall fuse ocw,. 7h,s ce,hf,cc ion is Vol o tint but is a u a,e1 i p e underlahing of exk of the insu ronu carriers sh o.n beta+. This certificate cf insurance h nor on VV,u,anu policy and dens not emend, emend o, alter Ike caserrge afforded by she policies listed herein. Nofwithstand;ng any recruit,. ` ment, term or cond ,on of any comrao o, olhir, documenf desk respect to .hick this certificate of insu ronu nay be issued o, met' pertain, the insurance afforded :ay the policies described herein is sub;ed to oil the Tarns, ndu+io+s end tond''tiov of such polities CO NAME AND ADDRESS OF CERTIFICATE HOLDER E FECTIVE GATE OF THIS CERTIFICATE Macy 26. 1983 a ISSOED AT City of Denton Sherman, Texas ! 215 Be McKinney - Denton, Texas 76201 T9X&8 EmPLOY©RSz A ores Marshall InSURIOnce ASSOCISTIOn Bid 9138 In°emrnrv corn any NAME AND ADDRESS OF INSURED EMPLOYsI C8SU8LTY company EMPLOVeRS NSTionaL InSURance company Dickerson Coustruction Company, Inc. EMPLOYEIRS C8BUaLTY P.O. Box 181 CORPOROTIOn Celina, Texas 75009 EmPLOYE7R8 N8T10n8L InSURanco CORPOR8TIOn BY FAutyrize0 Re sentotive) tsign,d)~i'' . - - JyruI Bob Sims Dist. Nigro INSURANCE IN POICE _ OMITS Of [ABILITY NOr ASS THAN Deso luh tech Atoll fenP Per Polley STATE AND mind ■Nic Number /ors sn (er Oeeurencej F Per policy li'* iWem Or A/Erepes. LOCATION 07 OPERATIONS E Iqn 1 C.rvo,. r-Oly Complies With R.quiremoott so 73073 Tien Work.,. Cem le.,mm n Lor - - c~s $ F P Dise,l. only STATE or TEXAS p ~ p. 4•ereq. q B E B And Receive) ' honk. nn e nn C 3 W Therefor See Hokin, XXX 51001 /Q it 00low flan S Coverlets Fstty Ceir rut With I.gdrom.nf. i A el Scale L a or Discrete 1ely, y Covere,e B R ■ And I... eel 11 Itenk- 3 w' Thereof S.. N'In in, X X X $ 00,000 $100,000 N.m 3 su a 4 1nEwy 827336* 1 t Cyr B1~~ez U.S.A., ITS rpflTWt,s ON _OJOQO--.. POSSESSIONS AND CANADA Ui af Property And Renewer If 11 A. BV,a Domes. thereel Se, Needing X X X 6 100,0~~k 00 8100,/~/~/~ 000 Ilse A Iedily 8 8 Net R r br)ury Applicable U.S.A., ITS 11RRITORIU 01 POSSESSIONS AND CANADA < Prepurly And Ren.rel II Were. Net Deme{e Th.r..f See heeding X X X S App,c.ble And R. n.wN If Vert. ThlLef See Nodieg 8 8 S . And R.nerel 11 Ise rJ.• Thereof Set "coding 8 8 S REMARKS *Policy Includes Blanket Contractual, Products 6 Completed Operations 111 4390 1 047 MAY 31193 cqT 0, n ~ ` .y 4 S i ~ r. 4lI 17 R E S 0 L U T 1 0 N WHEREAS, the City Council of the City of Denton and the Commissioners Court of Denton County have agreed to participate in several joint projects to the benefit of the citizens of Denton County; and WHEREAS, the members of both bodies have indicated a desire to fund those joint projects in a manner that is fair and equitable to all of the citizens of Denton County; and WHEREAS, to that end a committee was appointed to develop a recommended formula for the allocation of the costs of the City/County Health Unit, the City/County Library, and Flow Memorial Hospital; and WHEREAS, this committee chaired by Mr. Alonzo Jamison did recommend to the City Council and the Commissioners Court a formula for such allocation; and WHEREAS, this report was accepted by both bodies; now, therefore, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS: SECTION I. The members of the City Council of the City of Denton, Texas hereby reaffirm their commitment to the "Jamison Committee Formula" as the most fair and equitable way to distribute costs for these jointly funded agencies and hereby affirm their desire to use that formula for allocating costs of these agencies in the 1983-84 operating budget. SECTION 11. The Mayor of the City of Denton, Texas is hereby directed to furnish a copy hereof to the County Judge and Commissioners Court of Denton County, Texas. PASSED AND APPROVED this the 26th day of May, 1983. Z.,J% Aa PRIfHARB U. S 1 AR , MA OR CI Y OF DE TON, TEXAS ATTEST: SrL"Y CITY OF DENTON, TEXAS APPROVED AS TO LEGAL FORM: C. J. TAYLOR, JR., CITY ATTORNEY CITY OF DENTON, TEXAS 6Y Z..... 1-1-7 r lz;w INNINERMIN idl "me r LONE STAR GAS COMPANY - TRANSMISSION DIVISION STATEMENT OF CAS COST ADJUSTMENT AND CITY GATE RATE FOR THE MONTH OF JUNE, 1983 PREPARED IN ACCORDANCE WITH THE ORDER OF 3 1 •y~33 THE TEXAS RAILRQ4D COMMISSION Uh% ER DOCKET NO. GUD-3543 IAA' The attached documents consisting of an MGCA Statement and Schedules A through G showing the gas cost adjustme;t, the out-of-period purchase account, the revenue from extracted products account, the correcting account, the carry forward account, and the city gate rate to be charged to the Distribution Division for gas delivered to residential and commercial customers and for company-used and unaccounted-for gas were prepared by me or under my direct supervision. I hereby certify that the information contained herein is true and correct to the best of my knowledge and belief and that it was prepared in accordance with the attachment to the order of the Texas Railroad Commission in docket CUD-3543 dated November 22, 1982. Jon Ellis, Manager of Rate Administration Lone Star Gas Company Filed: May 20, 1983 MGCA Statement LONE STAR GAS COMPANY - TRANSMISSION DIVISION STATEMENT OF GAS COST ADJUSTMENT AND CITY GATE RATE* EFFECTIVE JUNE, 1983 IN ACCORDANCE WITH ORDER OF TEXAS RAILROAD COMMISSION UNDER DOCKET NO. GUD-3543 Line Mcf Amount Amt./Mef 1 Estimate.. Gas Purchases 36 716 000 $172 930 808 $ 3.3482 2 t-lus Estimated Withdrawal From Storage 880 000 2 732 048 3.1046 3 Less Estimated Injection Into Storage 3 207 000 11 034 325 3.4407 4 Lstimated Net Gas Received Into System 34 389 000 $114 628 531 3.3333 5 Ratio Volume Sold To Volume Received .9754 6 Estimated Weighted Average Cost of Gas Sold (EACOG) 3.4174 7 Plus Gas Cost C.arrection Factor (MGCCF) Based On April, 1983 (.4,715) 8 Less Base Cost Of Gas Included In Base Rate 3.5195 9 Less Extracted Products Revenue Adjustment (MEPRA) Based On April, 1983 .2072 10 Plss Base Extracted Products Revenue Per Mcf .0890 11 Plus Out-of-Period Adjustment Per Mcf (MOPA) Based On April, 1963 .1121 12 Plus Carry Forward Account Factor (MCFAF) Be.sed On April, 1983 .0000 13 Subtotal (.5797) 14 State Utility Tax Recovery Factor X 1.0025 15 Gas Cost Adjustment (MGCA) (.5811) 16 Plus Base City Gate Rate 4.0200 17 Regular City Gate Rate 3.4389 18 Less Credit Pursuant To FERC Incremental Pricing Surcharge .0000 19 City Gate Rate $ 3.4389 *Intracompany charge to the Company's distribution divisions for sale to residential and commercial customers and for distribution company-used and unaccounted-for gas. ' Schedule A LONE STAR GAS COMPANY - TRANSMISSION DIVISION GAS COST CORRECTION ACCOUNT (GCCA) FOR THE MONTH OF APRIL, 1983 AND GAS COST CORRECTION FACTOR (MGCCF) FOR THE MONTH OF JUNE, 1983 Line GCCA For April 1983 1 Balance In Account At Beginning Of Morth (GCCA2p) $ 1 395 799 2 Weighted Average Cost Of Gas During Month (WACOGp) $ 3.5332 3 Less Estimated Average Cost Of Gas During Month (EACOGp) 3.7432 4 Excess Of Actual Over Estimate $ (.2100) 5 City Gate Sales Mcf During Month (RCSVp) X10 697 970 6 Charge/Addition To Account (TGCCp) (2 246 574) 7 City Gate Sale? Mcf During Month (RCSVp) 10 697 970 8 Gas Cost CorrecLion Factor Charged During Month (MGCCFp) X$ 1460 9 Credit/Reduction To Account 1 561 904 10 Interest On TCCCp (TGCCi - Line 6 x .01167)* (26 218) 11 Balance In Account At End Of Month (GCCAc) $S2 438 f/7) MGCCF For June, 1983 12 Estimated City Gate Sales Mcf (RCSVf)*** 5 172 101 13 Gas Cost Correction Factor (MGCCFf = Line 11 - Line 12) (.4715)*+ *Applies only when ((Line 3 - Line 2) : Line 21 is equal to or greater than 0.05. **Enter on Line 7 of MGCA Statement. ***Adjusted City Gate Sales During June , 1982 To Normalize Weather. a. Base Load Per Customer Per Month From Docket GJD-35430 Mcf. 4.365 b. Number Of Residential And Commercial Customers Billed X 1 141 655 C. Base Load Sales, Mcf 4 983 324 d. Total City Gate Sales, Mcf 5 172 101 e. Heating Load Sales, Mcf (d-c) 188 777 f. Ratio Normal HDD (-0-) To Actual Hdd (-0-) At D/FW Airport X 1.0000 g. Normalized Heating Load Sales, Mcf 188 777 h. Base Load Sales, Mcf (c) 4 983 324 i. Normalized City Gate Sales, Mcf 5 172 101 Schedule B LONE STAR GAS COMPANY - TRANSMISSION DIVISION WEIGHTED AVERAGE COST OF GAS (WACOG) FOR THE MONTH OF APRIL, 1983 Line Mcf Amt./Mcf Amount All Sources 1 Gas Purchased Per Books (Before EEI Fuel And Shrinkage Exclusion) 33 054 921 $3.6148 $119 487 583* 2 Less Purchases For Off-System Sales 1 840 2.6364 4 851 3 Less Purchases For Sec. 311b Sales _ 4 Subtotal 33 053 081 3.6149 119 482 732 5 Less Purchases For EEI Fuel And Shrinkage 832 037 3.6149 3 007 947 6 Less Out-of Period Adjustment Amount - - 4 249 958 7 Total Gas Purchased (TGPa, ACGPa, TCOGa) 32 220 984 $3.4830 $112 224 827 Not.-Affili.nted Suppliers 8 Gas Purchased Per Books (Before EEI Fuel And Shrinkage Exclusion) 31 542 531 $3.6268 $114 398 280 9 Less Purchases For Off System Sales 1 840 2.6364 4 851 10 Less Purchases For Sec. 311b Sales 11 Subtotal 31 340 691 3.6269 114 393 429 12 Less Purchases For EEI Fuel And Shrinkage 832 097 3.6149 3 007 947 13 Less Out-of-Period Adjustment Amount - - 3 394 766 14 Total Gas Purchased (TCPn, ACGPn, TCOGn) 30 708 594 $3.5166 $107 990 716 15 Line 7 Mcf And Lesser Amt./Mcf On Line 7 Or 14 32 220 984 $3.4830 $112 224 827 16 Plus Withdrawals From Storage (TC:WS, ACSW) 2 065 950 3.0573 6 316 229 17 Less Injections Into Storage (ACSI, TGIS) 2 752 993 3.5832 9 864 525 18 Net Gas Received Into System 31 533 941 3.4463 $108 676 531. 19 Ratio Volume Sold To Volume Received - .9754 20 Weighted Average Cost Of Gas Sold (WACOG) ' $3.5332** , *Includes NGPA accruals of $721,024 and NGPA reversals of $235,077. **Enter on Line 2 of Schedule A. Schedule C LONE STAR GAS COMPANY - TRANSMISSION DIVISION EXTRACTED PRODUCTS REVENUE ACCOUNT (EPRA) FOR THE MONTH OF APRIL, 1983 AND EXTRACTED PRODUCTS REVENUE ADJUSTMENT (MEP-RA) FOR THE MONTH OF JUNE, 1983 Line EPRA For April, 1983 1 Balance In Account At Beginning Of Month (EPRA2p) $ 1 573 680 2 Contiact Revenue From Ens.Expl.In Acct. 491 (LSCR) 1 936 146 3 Enserch Exploration Operating Income (EEIOI) $4 298 012 4 Portion Assigned To LSG Co. For This Purpose X .4073 5 Amount Of i;EIOI Assigned For This Purpose 1 750 58u- 6 Plus Remainder Of Revenue In Acct. 491 (TOR) 233 236 7 Plus Incidental Oil 6 Gasoline Revenue In Acct-.492 (TOR) 371 808 8 Less Windfall Profits Taxes Related To Acct. 492 Revenue (WPT) _ 16 085 9 Total Extracted Products Revenue For This ?urpose $ 4 275 685 10 Monthly Allocation Factor From Schedule F (P41F) X .2949 11 Credit/Addition To Account (TEPRC)* 1 260 900 12 City Cate Sales Mcf During Month (RCSV) 10 697 970 13 Extracted Products Revenue Credited During Month (MEPRA) X$ .1646 14 Charge/Reduction To Account 1 760 886 15 Interest [EPRAi = (Line 1 - Line 14) x .01167] 2 185) 16 Balance In Account At End Of Month (EPRAc) $ 1 071 509 MEPRA For June, 1983 17 Estimated City Gate Sales Mcf From Schedule A (RCSVf) 5 172 101 18 Extracted Products Revenue Adjustment (MEPRA = Line 16 - Line 17) $ .2072*k *If less than zero, the credit/addition to the account shall be zero. **Enter on Line 9 of MGCA Statement. Schedule D LONE STAR GAS COMPANY - TRANSMISSION DIVISION OUT-OF-PERIOD GAS PURCHASED EXPENSE ACCOUNT (OPGPEA) FOR THE MONTH OF APRIL, 1983 AND OUT-OF-PERIOD ADJUSTMENT (MOPA) FOR THE MONTH OF JUNE, 1983 Line OPGPEA For April, 1983 1 Balance In Account At Beginning of Month (OPGPEA2p) $1 495 019 2 Out-of-Period Adjustment Expense During Month (OPGPE) $ 4 249 958* 3 Less 0% Of Amount Related To Deliveries After 11-30-82 -0- 4 Less 5% Of Amount Related To Deliveries 2-3-80 To 11-30-82 41 842 5 Less 15% Of Amount Related To Deliveries 7-1-75 To 2-2-8U 14 507 6 Less 35% Of Amount Related To Deliveries 3-1-72 To 6-30-75 -0- 7 Reduced OPGPE For This Purpose $ 4 193 609 8 Monthly Allocation Factor From Schedule F (MAF) X .2949 9 Net Charge/Addition To Account 1 236 695 IO City Gate Sales Mcf During Month (RCSV) 10 697 970 11 Out-of Period Adjustment Charged During Month (MOPA) X$ .0761 12 Credit:/Redaction To Account 814 116 13 Interest [OPGPEAi = (Line 1 - Line 12) x .01167] 7 946 14 Balance In Account At End Of Month (OPCPEAc) $1 925 544 FIOPA For June. 1933 15 Estimated City Gate Sales Mcf From Schedule A (RCSVf) 5 172 101 16 Out-of-Period Adjustment (MOPA = Line 14 - Line 15) .3723** *Includes $2,725,662 in out-of-per.Wd gas purchased expense classified as roll-over. *AEnter on Line 11 of MGCA Statement if less than $.0600. If more than $.0600 enter $.0600 plus 1/6 of amount in excess: of $.0600. Schedule E LONE STAR GAS COMPANY - TRANSM.:SSION DIVISION OUT-OF-PERIOD ADJU MMENTS - ALL SOURCES FOR THE MONTH OF APRIL, 1983 Adiustment Amount From 3-1-72 From 7-1-75 From 2-3-80 After Supplier To 6-30-75 To 2-2-80 To 11-30-82 11-30-82 Out-of-Period Price Adjustments Enserch Exploration, Inc. $ - $ - $ 703 379 $ 282 938 Sun Oil Company - - - (6 433) Samedan Oil Corp. - - 37 764 7 767 Nueve Operating Co. of Texas - - (36 012) - Texaco, Inc. - - 1 289 (10 372) Devon Corp. (8 270) - Enserch Exploratioa, Inc. - (29 419) - Samedan Oil Corp. - - 11 075 11 525 Shell Oil Co. - - 159 350 - Alamo Petroleum - - 31 281 - Union Texas Petroleum - - - 5 647 F.ne.erch Exploration, inc. - - (11 725) (5 098) Mote Resources - (9 504) Various Other Adjustments 3 918 5 719 1 115, Total $ - $ 3 918 $ 864 451 $ 279 765 Out-of-Period Price Corrections Delhi Gas Pipeline $ - $ - $ (66 801) Delhi Gas Pipeline - - - 66 978 Coronado Transmission - - - (1 045 546) Union Texas Petroleum - - 87 460 Ferguson Crossing Pipeline - - - 401 049 Dow Fipeline Co. - - - 85 481 Producers Gas Co. - - - 61 429 Teco Pipeline Co. - - - (437 003) Coronado Transmission - - - (698 848) Houston 011 & Minerals - - - 59 004 Superior Oil Co. - - - 117 237 Esperanza Pipeline Corp. - - (178 507) rejas Gas Corp. - - - (55 465) Coronado Transmission - - - 2 036 487 Amoco Frod. Co. - - - 52 910 Warren Petroleum Corp. - - 93 776 Exxon Company USA - - - 145 566 Delhi Gas Pipeline - - - 77 440 CPA, Inc. - - - (193 247) Valero Transmission - - 869 599 Laid Petroleum - 92 793 - Enserch Expl., Inc. - - (89 199) (7 446) Smackover - Shell LTD. - - (59 963) - Various Other Corrections _ - _ 121 551 1 565 069 Total $ 92 793 _ $ (27 611) $3 036 622 Total Adjustments and Corrections $ - $ 95 711 $ 836 840 $3 316 407 Recovery Disallowance X .35 X .15 k .05 X .00 Recovery Amount Disallowed* $ - $ 14 507 $ 41 842 $ - *Enter on Lines 3, 41 5 and 6 of Schedule D. • Schedule F N nnP.C J mmn W P N N N f N w v F u ~ q L r V O ' N V N 4 V ~ 4 K y mJm n' N y S a o J V~ ~ U N r, D P O C J N O n P M ~ n n v in J C I n H 4i N O mmn.~ n • n N n n n r n £ T y N H .1 V T n Q.+nO .IJNO Q•DW nJ.+ O y L n O 1!)✓1 N O rn n PN~nn n .O m N O m •+m ~n X00 ~Dn J~Dn P V h N N n J. ~ J1 N P O J N n P P Yl m n N V N u~PmN nOON -inP~ND P 17 d CL nNJ.~J r1PmJ rl .0nnY1 D % u V h ~ N n P ~0 V1 J J J n n O V1 m O I'• U N N •y .+NN~ nl H y W n N n N 0 N m m m W O O N J n O NNn•+ J 1 1-1 ~ N .T O n J m F' PnPn J H N ~6 1 W mnn p p4 •i v. 1 J ~SJJ J~Qj W NPmmPhnnv. rl .~NnJn ~O {y/1 CC X JO PvPOPm i ~Onmvni .Jim .mt Z I Or y ti Q.pnN NN n P m ~00nNP O m V d 0 N P N n n N n r+ n P N J N n N y' ` y N F-~ n O '1 m v1 J O h P n N .D .r ut Ipe(. q O ~D .+W.1 n OJ nNm nmm~l P O n •1J Jnn n.l .Tnnn JJnn rv 1 N i PmonNJnmr-RP a amv+rv ~n V W nJ nrlhn.-+Nm OnJ mNV' N Q•~ y N NnJ N'INNJ ~/1bm~OPJ n V •.1 d P,1 .DnNJnNNn PPm~•1 ~0 R w d QO 00.1.1 r-Ir-IOOPPOmn m Y inF 9v O a u L 47 Ot O 1 P4 1 nPP Om Pn nJ10W O N I Z 4 T • O NJ~Ov1PPPJ O.-~JP~D .t .t cn m 1 ~D D 1 r+ J n m P N m a O Q a m a] ~i~ ti n n r. N .-1 N N r-1 N .1 r1 •-1 V F W b V O V. N W W e t V V I n l 1 1 l l 1 1 l l l l l l! 1 Co 0 0 0 0 0 0 0 0 0 0 0 0 0 0 L ti .D 1 1 1 1 1 1 1 7 1 1 1 1 1 1 1 V 4 X! Co n n P G m ~ n •a •V.7 N N O G C W O G N O W N N P N N O P n .-1 Q H V CG JNOW POn PnJm~D NNm V b L' O W POn nO~Drvv. .lnJnNN u H • J J ONO ~ •'1 N d V' O N N b J W O E N .1 YI Dm d •1 D DJHPNnJPN F+ W I rv n.~.-~PnNJ1ONPnn VmJ ] 9 q NnN.~v. a0 vlNmn PJP nnn P V L N ~[1J JnnnV JnnnJ J U F N W O ~I V N n JD -.Gi T n ~ , • T j L J 'J T M d L 9 U T L T L u fi V~ b L q u 6 J R A v n_ H n u r! 2s, P V A fi O L V J ] L Tu ? -4 UZ U ] O v oL V J T 7 H J T] O J^ L Y T G •1 G1 6 y > V G R Y v T G L L to G G R T C ti q.1 L u i 'J R 4 z n W ~i~•1 ^1<NOZO']'~ ~"1 '1 w Iwo on O % t + A • Schedule G LONE STAR GAS COMPANY - TRANSMISSION DIVISION 'CARRY FORWARD ACCOUNT (CFA) FOR THE MONTH OF APRIL, 1983 AND CARRY FOR14ARD ACCOUNT FACTOR (MCFAF) FOR THE MONTH OF JUNE, 1983 Line CFA For April, 1983 1 Balance In Account At Beginning of Month (CFA2p) $ (326 394) 2 City Gate Sales Mcf During Month (RCSV) 10 697 970 3 Carry Forward Account Factor Charged During Month (MCFAF) R$ (•0341) 4 Credit/Reduction To Account (364 801) 5 Interest [CFAs = (Line 1 - Line 4) x .01167] 448 6 Balance In Account At End Of Month (CFAs) $ 38 855 MCFAF For June, 1983 7 Estimated City Gate Sales Mcf From Schedule A (RCSVf) 5 172 101 8 Carry Forward Account Factor (MCFAF = Line 6 . Line 7) $ _O_* *Enter on Line 12 of the MGCA Statement if greater t:ian or equal to -$.2500 but less than or equal to $.2500. Enter -$.2500 if less than -$.2500. Enter $.2500 if greater than $.2500. The MCFAF is shown as zero in accordance with the attach- ment to the order of the T% ras Railroad Commission in docket CUD-3543 dated November 22, 1982, which st.tes that the MCFAF shall not apply for a month in which the current CFA balarce is determined to be $0 - $150,U00.