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HomeMy WebLinkAbout02-15-1983 r' NOTICE OF UKK Ski'' UN 8GGU~LAK i SL'lSCIAL, ALL.BD - HMERUNCY {I1TEiTING OF THE OF OF THE CITY OF DHNTON, TXAS, 1y Notice hies hereby St n th ~t on t1,ie r~ day of ~ . Xl? City _Denton, Texas w.. io a or sass Ya re gu ar specciial called emergencymeeng at ock, m,, inthe t e unicl T3ui ding ocatod at 215 ast McKinney Denton , exas, The subjects to be considered are listed on the Agenda which is attached hereto and make a part of this notice, If during the course of the meeting covered by this notice the Board/Commission should determine that an executive meeting of the Board/Commission, or a consultation with the City's attorney should be held or is required, then such executive meeting or consultation with the City's attorney as authorized by Article 6252-L7 Revised Civil Statutes of Texas will be held by the Board/Commission at the date, hour, and place given in this notice or as soon alter the commencement of the +meeting covered by this notice as the Board/Commission may conveniently meet in such executive meeting, or consult with the City's attorney concerning any and all subjects and for any and all purposes permitted by Section 2(b) through Section 2(p), inclusive, of said Article 6252.17, including, but not limited to; Section 2(c), Section 2(e), Section 2(f), Section 2(g), and Section 2(j) and as marked in the attached Agenda. Should any final action, final decision, or final vote be required in the opinion of the Board/Commission with regard to any matter considered in such executive meeting or consultation with the City's attorney, then such final action, final decision, or final vote shall be at either; (a) the public meeting covered by this notice upon the reconvening of this public meeting, or (b) at a subsequent public meeting of the Board/Commission upon notice thereof, as the Board/Commission shall determine. On this //7L- day of , ly 2~ the original of this instrument was filed among the Official records of the City of Denton, Texas, and an original copy was posted on the bulletin board in the main lobby of the Municipal Building of the City of Denton at 'r o'clock, m. on said date. 9/)0-/A&-,1 CHARLOTTE-ALLENO UITY C CITY OF DENTON, TEXAS 0214C NOTICE OF woRg SBSSIUN R80UL\ SPUCiAL CALLED BiNEROENCY MUTING OF THE OF TNH CITY OF DENTON, '1'bXAS. 19 Notice i:, hereby ,1 Yen that on the da of -the K 1 Y City of Denton, exas w 10 . ,a wor sass 11, on called ~ - emer ® y m ting at J o'clock, u ~ ~ - special of t e uniclpal Bui V ng °cated at 2l5 as ~c ca ne.;, enton, exas, The subjects to be considered are listedoon the Agenda which is attached hereto and make a part of this notice. If during the course of the meeting covered by this notice the Board/Commission should determine that an executive meeting of the Board/Commission, or a consultation witn the City's attorney should be held or is required, then such executive meeting or consultation with the City's attorney as authorized by Article 62$2.17 Revised Civil Statutes of Texas will be held by the Board/Commission at the date, hour, and place glven in this notice or as soon after the commencement of the meeting covered by this notice as the Board/Commission may conveniently meet in such executive meeting, or consult with the City's attorney concerning any and all subjects and for any and all purposes permitted by Section 2(b) through Section 2(p), inclusive, of said Article 6252.17, including, but not limited to,, Section 2(c), Section 2(e)0 Section 2(f), Section 2(g), and Section 2(j) and as marked In the attached Agenda. Should any final action, final decision, or. Final vote be required in the opinion of the Board/Commission with regard to any matter considered in such executive meeting or consultation with the City's attorney, then such final action, final decision, or final vote shall be at either: (a) the public meeting covered by this notice upon the reconvening of this public meeting, or (b) at a subsequent public meeting of the Board/Commission upon notice thereof, as the Board/Commission shall determine, On this day of Y,;i, the oriinal of this instrument was filed among t to o ° ciallyrecor s of the gCity of Denton, Texas, and an original copy was posted on the bulletin board in the main lobby of the Municipal Building of the City of Denton at o+clock, m. on said date. CHARL CITY OF DONTONt TEXAS EC 0214C ~r AGENDA City of Denton City Council February 15, 1983 Work Session of the City of Denton City Council on Tuesday, February 15, 1983 at 5130 p,m, in the Civil Defense Room of the Municipal Building at which the following items will be considered, 5:30 p,m, 11 Discussion of the SWAMP Fund. 20 Discuss initiation of annexation proceedings on a roposed mobile home subdivision to be located along he south side of Fish Trap Road and the east side of Jewell Road, 3, Executive Session: A, Leggal Matters - Under Sec, 2(e), Art. 6252-17 V,A,T4So B. Real Estate - Under Sec, 2(f), Art. 6252-17, V,A,T,S, C, Personnel - Under Sec. 2(g), Art. 6252-17, V,A,T,S, 0, Board Apppointments - Under Sec, 2(g), Art, 6255-17 V,A,T,S. Regular Meeting of the City of Denton City Council on Tuesday, February 15, 1983, at 7:00 p,m, in the Council Chambers of the Municipal Building at which the following items will be considered. 7:00 p.m. 1. Approval of the Minutes of the Special Called Meeting of January 26, 1983, the Reggular Meeting of February 1 1983, and the Special Called Meeting of February 8, 1683, 2. Consent Agenda: Each of these items is recommended by the Staff and approval thereof will be strictly on the basis of the Staff recommendations, Approval of the Consent Agenda authorizes the City Manager or hls designee to implement each item in accordance with the Staff recommendations, City of Denton City Council Agenda February 16, 1983 Page Two As Bids and Purchase Orders: 14 Bid # 9079 - Riding mowers (additional mow, 24 Bid # 9106 Police sedans 34 Bid # 9107 Ambulance 4, Bid # 9108 Sewer flushing truck 51 Bid # 9115 Traffic controllers 6. Purchase Order # 56883 to Wang Laboratories, Inc, 74 Purchase Order #66959 to Drill Equipment B, Plats: 11 Approval of the final plat of Stratford Addition, Second Section 31 Recommendation from the Denton Library Board on reconsideration of name change, 4, Ordinances: A, Adoption of an ordinance directing the issuance of notice of sale of general obligation bands, B. Adoption of an ordinance annexing a tract of land consisting of 63,89 acres located along the east the side fMayhill rporation a Plant, ~Ze (Z-1641) (The Andrew Co Planning and Zoning Commission recommends approval,) C, Adoption of an ordinance annexing a tract of land consistingg of 111.73 acres located along both sides of FM 1830 beginning approximately 200 feet south of Hobson Lane, (Z-1542) (The Planning and Zoning Commission recommends approval.) 0. Adoption of an ordinance annexing a tract of land consisting of 121,12 acres beginning approximately 1800 feet east of Mayhil? Road in the centerline of Edwards Road, (Z-1649) (The Planning and Zoning Commission recommends approval.) City of Denton City Council Agenda P,ebruary 15, 1983 Page Three E, Adoption of an ordinance annexing a tract of land consisting of 24,6 acres located immediately east of the Denton Wastewater Treatment Plant, (Z-1650) (The Planning and Zoning Commission recommends approval,) P, Adoption of an ordinance calling an election for April 2, 1983 for the purpose of electing City officials, Q, Adoption of an ordinance designating no parking on the south side of Chambers from Clifton to Dallas Drive and eliminating the no parking designation on the north side of Chambers from Clifton to Dallas Drive, 51 Resolutions: A. Adoption of a resolution supporting the enactment of House Bill 194, 6, Review parking plans for Pecan Street between Elm and Cedar, 7. Consider designation of Deputy City Secretary, 8. Receive a report on TMPA, 9. Official Action on Executive Session items: A, Legal Matters a, Real Estate C, Personnel D, Board Appointments 106 New Business; This item provides a section in which to suggest new items of business for future agendas. 0636C NUM OF wORx 'SIUN RkiGUGt t SP1iCit11~ CAL1,13A - S~ISRGiiVCY i~fliki'1'iNG OF THE OF THE CITY OF DHNTON, .14 AS, Notice is hereby given huh t on Phe T day of , ly , the fie City o Denton, laxas w wor `M s$ on ~u special called - emergency -gym etin at y,4z:' o'clock, m,, In the Ifi a unicipal 6ui I ng-located at 215 as ~cQy0nton, exa The subjects to be considered are listed on the Agenda which is attached Phoreto and make a part of this notice, If during the course of the meeting covered by this notice the Board/Commission should determine that an executive meeting of the Board/Commission, or a consultation with the City's attorney should be held or is required, then such executive meeting or consultation with the City's attorney as authorized by Article 6252.17 Revised Civil Statutes of Texas will be held by the Board/Commission at the date, hour, and place given In this notice or as soon after the commencement of the meeting covered by this notice as the Board/Commission may conveniently meet in such executive meeting, or consult with the City's attorney concerning any and all subjects and for any and all purposes permitted by Section 2(b) through Section 2(p), inclusive, of said Article 6252.17, including, but not limited to; Section 2(c), Section 2(e), Section 2(f), Section 2(g), and Section 2(j) and as marked In the attached Agenda. Should any final action, final decision, or final vote be required in the opinion of the Board/Commission with regard to any matter considered in such executive meeting or consultation with the City's attorney, then such final action, final decision, or final vote shall be at either*. (a) the public meeting covered by this notice upon the reconvening of this public meeting, or (b) at a subsequent public meeting of the Board/Commission upon notice thereof, as the~Bo/ard/Commission shall determine, On this day of 19 , the original of this instrument was filed among the official recor s of the City of Denton, Texas, and an original copy was posted on the bulletin board in the main lobby of the Municipal Building of the City of Denton at ,JLL o'clock, on said date, - d4l~ y CITY OF DENTONO TEXAS SECRETARY 0214C EMERGENCY AGENDA AUUENUUM CITY OF UENTUN CITY COUNCIL. „ February lb, 1983 Regular Meeting of the City of Uenton City Council on Tuesday, February 16, 1983, at 7:00 P,M, in the Council Chambers of the Municipal duilaing at which the following items will oe considered: 7:00 P,M, Emergency Aduenuum to the Consent Agenda: 1, Purchase urger N 0120 to Uavis Truck and Equipment U648C ZiN1LR5CNCY AGENDA AUUCNUUM CITY OF UENTUN CITY COUNCIL February lb, 1983 Regular Meetingg of the City of Uenton City Council on Tuesuayy, February 15, 1983, at 7tUU P,M, in the Council Chambers of tha Municipal Uuiluing at wnioh the following items will be considered; 71OU P,IN 1, Emergency Addenuum to the Consent Agendat 11 Purchase Uraer N b712U to Uavis Truck and Equipment U6~18C M M!M ' EMERGENCY AGENUA AUUENUUM CITY OF DENTON CITY COUNCIL February 15, 1983 Regular Meeting of the City of Uenton City Council on Tuesday, February 15, 1983, at 7100 P,M, in the Council Chambers of the Municipal building at which the following items will be considered: 7:UU Y.M. 11 Emergency Addendum to the Consent Agenda: 11 Purchase Urder # 57120 to Uavis Truck and Equipment 06480 i CITY OF DENTON MEMORANDUM MEETING DATE: February 18, 1983 COUNCIL AGENDA ITEM #t CONSENT AGENDA - EMERGENCY ITEM SUBJECT,, Purchase Order #67120 To Davis Truck & Equipment SUMMARYi This purchase order ~to Oavis Truck and Equipment in the amount of $260000400 is for the emergency purchase of a previously owned refuse truck, The truck is a 1980 International diesel truck with a Heil Model 4000 20 cubic yard rear loading packer body, The unit has approximately 26,000,00 miles and is in excellent condition. Mr, Bill Angelo, Mr, Jack Jarvis and I have inspected numerous units available for immediate delivery and feel this is the best buy for the City of Denton, Due to excessive major mechanical problems, on our existing units, some of which are not economical to repair, and a fire destroying one unit totally, the Solid waste residential pickup service is in desperate need of dependable trucks, By adding this truck and by making what repairs we can on the others the Soiid Waste Department should be able to keep their head above water, We are currently renting a used truck for $100.00 per day on an emergency basis, A new unit like the one we have proposed to purchase will coat in excess of ;46,000,00 and take 90 to 120 days to ds'cfiver, ACTION REQUIRED: Approval by Council, ALTERNATIVES: 1)Purchase the truck as recommended, 2) instruct staff to bid a new truck, 3) continue to rent at $100.00 per day. SOURCE OF FUNDS,, Funds for this purchase will come from Motor Pool Replacement funds for old unit 1940 (destroyed by fire), the sale of that unit and 1982-83 budget funds, ((A)) Motor Pool Account # 720-004-0020-8707 $ 79170.10 (8) Salvage Sale (#1940 sold at bid) 3,789.00 (C Budget Account #630-002-0801-9104 14+040,90 Total $23Ou RECOMMENDATION: We recommend this purchase order be approved to Davis Truck & Equipment in the amount of $26,000.00 for a 1980 IHC/Hei1 refuse truck, F08 Denton with delivery in one day. EXHIBITS: Quotation from Davis Truck & Equipment and purchase order, SUBMITTED BY: Tom ?f. Shaw, . Assistant Purchasing Agent 0047b QUOTATION Inqulrp No, r IrDAVIS TRUCT A EQUIPMENT CQ., 1NC1, OSINERAI. OPWIC01 PA, $09 4457, INTERSTATE HWY, SSN., WACO, TEXAS 76705 117/799.0201 Terms, Net NQRTH TEXAS HOUSTON SAN ANTONIO RIO ORANGE VALLEY 00 So, Loop 12 6040 NO, FREEWAY 1817 e, COMMERCE 15 FREEWAY l PIA 499 Price quoted or, IRYINO, TEXAS 713/4954116 512/333•070 DONNA, TEXAS PA,6, Dent~„on 6 as 214/079.0909 512/ 464.2141 Te City of Denton xmn~ediate 21.5 So McKinney St4 v.llv.ry Denton, 're+xas 78201 L J We arcs pleased to quote as follows, Your lnqulry QuonNty p,sviption h}a Amount 1 Used 1980 1-H-0 diesel with Hail 20 cubic yard 25,0OOo00 Formula 4000 bodyq serial number 01045KCAZ4898 . 'r. FORM #127 / A''plfY OP 06NTON, PURCHASINQ 06PT, PURCHASI QRQIR muMa1R 57120 2q 6, McKinney Donjon, roxoi 70201 #j7Af*e311 D/Pw Mato 2470449 own 2/11/83 ,w No. None Vow mm Net w,o, No, wAym ASAP ACV, No. See Below 11«P Davis Truck 6 Equipment M, Box 44$7 Tot CITY Of DINTON, Vehicle Maintenance Waco, TX 76706 804 St76201 SHOW P,O, NO, ON ALL SHIFM6NT5, D6LIV6RY TICK6T5, nNYOI065 610„ 56NO INVO IONS TO ACCOUNTS PAYAOM THU CITY OF D6NTON, T%XAJ IS 6XCMPT FROM SAL" TAX AS PER HOUSE 61LL 050, TH6 CITY OF D6NTOH IS PROHWIT60 FROM PAYINQ FOR M6RCHAND156 "FORE IT IS R6COWSO. ALL SHIPMENTS MUST 46 F,0.0., CITY OF 06NTON, TRXAS, ITEM CITY STOOK NUMNER DESORIPTION QUAN./VNIT PRICE AMOUNT 1980 1HC Diesel with Heil 20 cubic yard model 4000 1 $26,000 00 body $/N 01045KCA24898 To replace City of Denton Unit #1940 Account # 720-0g04-0020-8707 $ 71170.10 Account N 630-002»0801-9104 14 040,90 , $26,000,00 Direct All Inquiries 'rot CITY OF DENTON, PURCHASING DEPT, Join J, M5rsNll, O.P.M., Purchasing Agent Yom 0, Shaw, 0,P,M„ Asst, PurchSting Agant AGENDA City of Denton City Council February 15, 1983 Work Session of the City of Denton City Council on Tuesday, therMunicipallSuijdin95atOwhich thetfollowing0itemsewiilmbef considered, 5:30 p 14 Discussion of the SWAMP Fund, 21 Discuss initiation of annexation pproceedings on a proposed mobile home subdivision to be located along the south side of Fish Trap Road and the east side of Jewell Road. 31 Executive Sessions A, to al Matters - Under Sec. 2(e), Art, 6252-17 V, .T,S. B, Real Estate - Under Sec, 2(f), Art, 6252-17, V,A,T.S, C, Personnel - Under Sec, 2(g), Art. 6252-17, V, A, T, S. D. Board Apppointments - Under Sec. 2(~g), Art. 6256-17 V,A.T,S. Regular Meeting of the City of Denton City Council on Tuesday, February 15, 1983, at 7s00 p,m, in the Council Chambers of the Municipal Building at which the following items will be considered. 7;00 P.M. 1. Approval of the Minutes of the Special Called Meeting of January 25, 19831 the Re ular Meeting of February 19 1983, and the Special Called Meeting of February 8, 1983, 2. Consent, Agendas Each of these items is recommended by the Staff and approval thereof will be strictly on O e basis of the Staff recommendations. Approval of the, Consent Agenda authorizes the City Manager or his designee to implement each item in accordance with the Staff recommendations. City of Denton City Council Agenda February 15, 1983 Page Two At Bids and Purchase Ordersi 1, 51d # 9079 - Riding mowers (additional mower) 21 Bid # 9106 Police sedans 31 Bid # 9107 Ambulance 4, Sid # 9108 Sewer flushing truck 51 Bid # 9115 Traffic controllers 6, Purchase Order # 56883 to Wang Laboratories, Inc. 7. Purchase Order #56959 to Drill Equipment B. Plats'. 1, Approval of the final plat of Stratford Addition, Second Section 3. Recommendation from the Denton Library Board on reconsideration of name change. 4, Ordinances'. A, Adoption of an ordinance directing the issuance of notice of sale of general obligation bonds. 41 B. Adoption of an ordinance annexing a tract of land consisting of 63.89 acres located along the east side of Mayhill Road immediately north of the Andrew Corporation Plant. (Z-1541) (The Planning and Zoning Commission recommends approval,) C. Adoption of an ordinance annexing a tract of land consisting of 111.73 acres located along both sides of FM 1830 beginning approximately 200 feet south of Hobson Lane. (Z-1542) (The Planning and Zoning Commission recommends approval.) U. Adoption of an ordinance annexing ? tract of land consisting of 121,12 acres beginning approximately 1800 feet east of Mayhill Road in the centerline of Edwards Road, (Z-1549) (The Planning and Zoning Commission recommends approval,) City of Denton City Council Agenda February 16, 1983 Page Three E, Adoption of an ordinance annexing a tract of land consisting of 24,6 acres located immediately east of the Denton Wastewater Treatment Plant, (z-1650) (The Planning and Zoning Commission recommends approval,) t F, Adoption of an ordinance calling an election for April 2, 1983 for the purpose of electing City officials, 0. Adoption of an ordinance designating no parking on the south side of Chambers from Clifton to Dallas Drive and eliminating the no parking designation on the north side of Chambers from Clifton to Dallas Drive, 51 Resolutions: A. Adoption of a resolution supporting the enactment of House 6111 194, 61 Review parking plans for Pecan Street between Elm and Cedar, 7. Consider designation of Deputy City Secretary. 81 Receive a report on TMPA. 91 Official Action on Executive Session items: A, Legal Matters B. Real Estate C, Personnel D. Board Appointments 10, New Business: This item provides a section in which to suggest new items of business for future agendas. 06360 CITY OF DNNTON MEMORA~ NpUM x01 0, Chria Hartung, City ¢aanager FROMI Rick Svohl.a, Assistant City Manager DATEi February 9, 1983 SUBJECT$ Storm Water Management Program Attached is a copy of a legal opinion from the City Attorney's office which indicates that there would be problems in implementing any kind of storm water management fee in the City of Denton at the current time. You may recall that the idea for this kind of fee was initiated with the Subdivision RU1es and Regulations Review Committee, We still feel that the concept for the fee is a good one and we think it would be an excellent way for the City to provide for maintenance for existing structures as well as being able to participate in oversized facilities when new development occurs. Therefore, it would be staff recommendation that we continue to pursue this concept and seek either Legislative action or charter revision to incorporate the program in the City of Denton, We will be at the meeting on February 15, 1983 to answer any questions that the Council may have and seek their guidance as to what direction they would like us to proceed in. if you have any q stions, please call. .0011 c ve a CITY OF D NTON, TEXAS OFFICE OF THE CITY ATTORNEY hIH~ZtORANi7U~tit C.J. Tayylor, Jr., City Attorney Joe Ia. Morris, Assistant City Attorney Robert B. Hunter, Assistant City Attomoy ' DATE t. February 1, 1983 TO: Chris Hartung, city manager k'R6mi C. J. Taylor, Jr., City Attorney SUn.7ECT't Storm Water Management Fee Your memorandum dated January 21, 1983 asked questions concerning the three options stated in your memorandum. You have advised that the City of Austin has implemented the drainage fee. under a-special provision of its Charter. We find no Charter provision or state law which specifically authorizes a city to levy a Storm Water Management Fee. The. Attorney General in Opinion bgq-551 held that'. the State of Texas was not .liab.le for the drainage fees assessed by the City of Austin. A copy of this opinion is attached. Generally a home rule oity°has-such'power as is lawfully conferred by its Charter and the laws of the State of Texasr howbvor, a city can oxercise only those powers that are expressly or impliedly conferred by law, and a power will be implied only when such power is reasonably incident to those expressly granted or is essential to the object and purposes of the corporation. Davis v. City, of Taylor, 57 S192d 1033, 123 Tex 39. Home rule cities are authorized by Article 1179 V.A.T.S. to establish improvement districts and issue 'bonds for improving drainage facilities. Article 1180 V.A.T'.S. authorizes home rule cities to arse-cis the cost of making drainage improvements against the property zpocially benefited (similar to paving assessments). Our comments o.tiyour three options are as follows: 1. option #1 is a valid and customary method of raising revenue from taxes for drainage facilities. 2. Option 42 and 03 have serious legal problems since there is no specific charter provision or state law authorizing Storm water Management fees on all property in the'City of Denton. Ghria Hartung, city Manager 198a February If Page Two A Charter amendment or enabling legislation authorising such foes would eliminate those concerns, it the City implements these fees without a Charter amendment or enabling legislation, than we certainly could expect a contest of such fees in the courts. 4nnbling legislation by she Texas Legislature would be the most effective way to eliminate any legal restrictions. CJTJ'R: J S n -r The Attorney General of Texas December 31, 1982 MARK WHITU Attorney Cleneral 0 Honot'able William P, Clemanta, Jr, Opinion No, MW-551 Supreme court Building Governor of Texas P.0, Box 12548 Austin, TX 78111.204a State Capitol Reg Whether state agencies 5121475-2501 Austin, Texas 78711 must pay a drainage fee Imposed Telex 9101614,13V by the city of Austin to fund a Talecopler 5121475.0289 Drainage Utility System 1807 Main SL, Suite 1400 Dear Governor Claments t Dallas, TX, 75201,4709 2141742.8944 You have asked whether state agencies which control state-owned property located within the city limits of the city of Austin must pay 4824 Alberta Ave., smile 100 a drainage fee which was recently approved by the city. The following El Paso, TX, 70005,2703 details concerning this fee are sot forth in a brief which was sent to 91918333484 us by one of the affected agenciest As we understand the subject drainage fee 1 ,allao Tx, Ave,, Suite style 2 2oz imposed by the city of Austin, such fee would I220 P20 D D tougl n71002-6988 o 0888 apply to all land located within the city and would be calculated at a given' rate on a per acre (or fractional per acre) basis. The rate would 898 Broadway, suite 012 vary as to whether the property upon which it is Lubbock, TX. 79401.3479 imposed is (1) residential, (2) imProved or (3) 0v"a1747.5230 , commercial, but the rate under each category would be constant. This fee would be multiplied times 4309 N. Tenth, Suite B the number of acres owned and would be charged by McAllen, TX. 78501-1885 adding one-twelfth (1/12th) of the total to the 512,1882.4847 city of Austin electricity and water bill, sent to the owner of this property each month. The ,100 Maln Plata, suite 400 proceeds from this fee would be used exclusively San Antonio, TX. 78205.2797 in an attempt to keep the various creek and 5121225.4191 streambeds within the city limits flowing freely. The question to be determined in the opinion AnEqual opp0rtunltyl request is whether this fee may be validly Affirmative Action Employer assessed against state-owned property. One of the questions raised by these facts is whether this "drainage fee" is a "tax" or a "special assessment." See, e.g„ CiCY of Wichita' Falls v, Williams, 26 5.W.2d 910'(Tex. 1936) '(distincr•~on between tax and special assessment). In some instances, ttia characterization of a monetary exaction as a "tax" or a "speciai assessment" will determine whether it may be validly imposed. ..e e,' p. 2007 1 Honorable WilliAl Clemente, Jr. Pngo 2 (rl4d ','7l) 6,5 „ Wichita count Water Im rovemaut District No, 2 v Ci_tX of Wiah~tii Al a: 5,4 , c 9 Tax, C iv. 1p;"-' rt Worth ~9, writ ref 1d n,r,~ (because exaction was an 'Assessment" rather than a "tax," water impt,lvament district could levy it against .land owned by city within confines of district), L. tihe present instance, however, wo conclude that, regardless of whether this "drainage .feu" io oharactorizad as a "tax" or a "special assessment," it may not be imposed against state-owned property located in the city of AustiAt We therefore need not decide how to characterize this foe, In Maverick Count Water Control and Improvement District No. 1 V, State,157S W 2d 204 Tax, Civ, App, - San Antonio 1970 w ref d , the water district appealed from a trial court judgment which declared that certain land owned exclusively by the Veterans' Land Hoard, a state agency, was "free of all liens and claims for taxes or other charges,"' Id. at 205, The "other charges" consisted of assessments and water delivery charges, The court of civil appeals affirmed the trial court's judgment, It held (1) that the land in question was exempt from ad valorem taxes under article 7150, V,T.C,S., (since repealed; see now Property Tax Code section 11.11){ and (2) that the land was not sub;joet to special assessments levied by the water district for local improvements. . In connection with the latter holding, it statedi Although the power of a governmental agency to levy special aesesamenta for local improvements is generally recognized to be an exercise of the taxing power, there are numerous decisions holding that a special assessment is not a 'tax' in the sense in which that word is ordinarily used. We do not think it necessary to consider the question whether such an assessment is a tax within the meaning of constitutional provisions exempting property from taxation in a case where, as here, a political subdivision created by tha sovereign is attempting to impose a monetary exaction upon its creator. Even if it be assumed that a county or municipality is subject to special assessments levied by another political subdivision of the State, it does not necessarily fol.lotw that a subordinate, political subdivision can impose an isvoluntt~ monetary obligation on the sovereign. It is generally held that, in the absence of clear legislative authorization, a political subdivision of the State has no power to levy aspecial assessment against State property. We adopt this view at least in a case where, as here, the p. 2008 Honorable Willi*. Clements, Jr, - Page 3 (MW4) I sovereign is neither making nor contemplating any use of the allegedly banefitted land and has neither received nor requested the -services rendered by the asseseing agency. (Emphasis added), 456 S.W.2d at 206-07. We need not, in this instance, attempt to detormina the precise reach of the Maverick Count court's holding regarding the validity of special assessments against state-owned property, This much, at least, appears clears where ''there is no "clear legislative authorization" for a particular special assessment against state-owned property, and where the state has done nothing to indicate its willingness to be subjected to such assessment, the sseessmant is impermissible, because it would result in an "involuntary monetary obligation on the sovereign," 456 S.14.2d at 207. It should be emphasized that the Texas Supreme Court refused writ of error in the Maverick County case without reservation. our attention has not been directed to any statute which provides "clear legislative authorization" for the city of Austin to levy its drainage fee against state-owned property within its boundaries, We have found no such statute on our own. Nor have we been advised of any actions on the part of the state which indicate its willingness to pay this fee. We therefore conclude that, under the facts that we have boon given, even if this drainage fee is characterized as a "special assessment," it may not be assessed against state-owned property located within the city limits of the city of Austin. We think it is clear.-that- if the fee .is In fat t a "tax," it may not be levied against that property. See Prop. Tax Code §11.11. S U M M A R Y State agencies which control state-owned property within the city limits of the city of Austin are exempt from a drainage fee which was recently approved by the city, Very truly yours, MARK' WHITE Attorney General of Texas J014N W. FAINTER, JR. First Assistant Attorney General p. 2009 Honorable Willi*, Clemente, Jr, - Me li RICHARD F, GRAY III Executive Assistant Attorney General. Prepared by Jon Bible Assistant Attorney General. APPROVRDi OPINION COMMITTEE Suaan L, Garrison, Chairman Jon Bible Rick Gilpin Jim Moelli.nger George Warner Bruce Youngblood 1 1 All" ~1~`t ~rC GC.~+K J1, I.GGA1. ' P. 2010 MEMORANDUM DATEi February 84 1983 TCi 0. Chris Hartung, City Manager FROOMarles Watkins, Senior Planner SUBJECTi Discuss initiation of annexation proceedings on a roposed mobile home subdivision to be located along he southeast side of Fish Trap Road and the east side of Jewell Road, The Planning and Community Development Department is pro- cessing a preliminary plat for a mobile home subdivMon in the ETJ, The subdivision totals 13,5 acres, 1,5 acres is reserved for commercial use and the balance of the land is divided into 84 lots with a 35'x100' typical size. The de- veloper intends to extend city water and sewer to serve the subdivision, proposes to pave the internal street system in accordance with county standards, and proposes no improvements to the perimeter roads. The proposed mobile home subdivision meets three of the four guidelines for determining when annexation should be consid- ered in the annexation policy; 1, Single family developments over five lotsi 2, Multi-family, industrial or commercial developments over one acre] 3. Any development or area that might present a significant impact upon the City in such ways as service cost, in- creased traffic, utility needs or utilization, safety or health hazards, substandard construction practices, detrimental aesthetic quality or other similar community impacts. Development Standards Streets; 1, If the property is not annexed at this time and a final plat is submitted prior to adoption of the new subdivision regulations the developer would be required to pave the internal streets in accordance with City standards, assuming that no variance is granted by the Planning and Zoning Commission. Memorandum q, Chris Hartuu February 81 1981 Page 2 2, if the property is not annex, at this time and a final plat is submitted after adoption of the new subdivision regulations the developer can build the internal street system to county standards, 3. If annexation proceedings are initiated and a final plat is submitted during the ennexation process prior to ado Lion of the new subdivision regulations the final pla would come directly to the City Council for appproval. of the pptai by resolution in accordance with Article 21b oulde hve to bedbuia.l~a to n eity o4standardae iinternal streets w 4, If a final plat is submitted after annexation is completed and the new subdivision regulations are adopted, the in- ternal streets in all probability would have to meet city standards, and the developer would have to pave, ourb and gutter seventeen (17) feet of the perimeter streets because of the strict constraints imposed by the now sub- divisicn to concerning grant varianceentting and zoning Commission Trot Area Standardsi The existing subdivision regulations for the BTJ were amended on May 18, 1982 to provide that "the minimum dimensions for residential lots in subdivisions shall be those dimensions as provided for in Appendix B, Zonin§, of the Code of Ordi- nanoes of the City of Denton, Texas, amalleadeveloper l.citithe proposing 35x100 foot lots, but the zoning ordinance allows for single family detached develop- ment is 6,000 square feet, The Planning and Zoning Commission could rant a variance of the lot area standards under the existing regulations if a final plat is submitted while these regulations are oper- ative, if annexation is not underway. If annexation of the property is underway and a final plat is e.+..sbmitted, the plat would come directly to the City Council for approval in accordance with Article 21b of the zoning Ordinance, Under existing regulations the lots would have to be 6,000 square feet in size and no variance of the regula- tions should e gnstandards,proposed subdivision regulations contain no lot size Memorandum 0, Chris Hartun& February 8, 1983 Page 3 in summary, if the parcel is not annexed at this time the developer would have the opportunity of seeking a street paving variance and a lot size variance from the Planniing and Zoning Commission in conjunction with platting, annexation proceedings begin and the developer plats under existing subdivision regulations the internal streets must meet city standards and the lots must be 6,000 square feet in size, If annexation pprooeedings begin and the developer plats under the now subdivision regulations the streets would be to county standards with no minimum lot dimensions, CW1cs raiwiMwtt~ww J \ w ~ A V k 1 ~ ♦ V • \ ♦ ' 4 h t 't VIXO 44 t. ~ / ttrJ ~A~Af ~ k ♦ r h V rv ♦ II ' lb i-- i M TAY jq4 . ~ A ~ at cS e i +1 7.ovp SS City of OentonT(l6y Council January x5, 1g83 Joint Meeting or the City of Denton Gfty Council th Planning and Zoning Commission, and the Suboivlston Hdvisory ~ommittee Tuesday, January 26, 19831 at 6130 p,m, in the Training Room of the Service Cantor, PRE5ENTi Mayor Stewart, Mayor Pro Tom Stephens, Council Members Alford, Barton, Chow, Hopkins, and Riddlospergerl City Manager, City Attorney and City Secretary A8SEHTi gg None City with the apianningu<idtCommunity Developmento00partmentYe Fanning distributed enumerated Planning chanqos An ZoningOCommission sand ithe attendees of the Public Hearing, I. Replat Procedure The current procedure is to follow the state law on notification with final action by the City Council, B several ob LaPorte of the Planningg and Zoningg Commission commented that notification lonhreplatting`because* In nsome lnstarcos,rreppslatting had the effect of zoning. LaPorte also stated that the P&Z felt that the final action on replatting should be done by the City Council. City Attorney Taylor reported that even though property 1s zoned one way, replatting can change the use. Council Members Chew and Barton stated that having the final action on the Consent Agenda would be informational to the Council. Fanning reported that one comment received from developers was that requiring Council approval for replatS would add several weeks to the approval process, that the Is the City designated by law, Council Member Hopkins stated that there is a need to speed up the approval process. Taking a plat or repla: to the Planning and Commision for approval to the fact Cthat the Planning and Zoning Commission meets the first and third Wednesday and the Council meets the first and third Tuesday of the month. David Ellis of the Planning and Community Development staff raised the Issue of charging a tee to petitioners to cover the cost of the courtesy notification of residents outside of the subdivision, Chew motion, Rlddlesperger second that the City COU6011 take the final action on roplats, Stewart, Chew, Riddlesperger, Alford, Stephens aye 18arton and Hopkins "nay", Motion carried 6 to 2. Stephens motion, Riddlesperger second to Send courtesy notifications to residents within 200 feet, Chew, 8arton, Stewart, Riddlesperger and Stephens "aye"; Hopkins and Alford "nay", Motion Carried 6 to 2, 2, New Plat Processing (Preliminary and Final) ' The current procedure involved no notification, The P&Z takes final action on preliminary plats and Currantly on final plats, the P&Z makes recommendations to the City Council for final action. City council Minutes January 25, 1983 Page Two Hopkins motion, Chew second that notification On final plats and preliminary plats ovir IVO acres 9nly be given to adjacent property owners, Motion Carr ed unanimously, Hopkins motion, Chew second that the Planning and Zoning action on preliminary and final plats be final with the exception Of those plats which require a financial conmitm@6nt from te City and that f applicant can appeal final action of to the Ch Council. Motion withdrawn by Hopkins. 8arton motion, Hopkins second that Planning and Xonin Commission have authority on final plat) preliminaryy plats, ape Is On preliminary plat decisions made by the Pbt, and all preliminary Plats with a financial commitment from the Clty would bled to the City Council on the Consent Agenda, Motion carried unanimously. 3. Sidewalks currently no sidewalks are required. Hopkins motion, Chew second to require sidewalks on all thoroughfares and collectors and within one block of schools. Motion Carried unanimously, o, ;iequlrement to Submit a Preliminary Plat A preliminary plat is currently required, Hopkins motion, Alford second to eliminate the optional provision and change to require a preliminary plot on all development$ unless the development meets the requirements providing for a combination preliminary/final plat processing in one document and a one-step procedure, Motion Carriod unanimously, 51 Annexation The Current procedure on initiation of annexation arestudy startedconsidered thebP&Zhpublic hearing ands If warranted, sproceduresInformal City Council public hearing. Stephens motion, Chew second to formalize current practice of study session to discuss proposed annexations by putting procedure In Ordinance form, Motion carried unanimously, 6. Perimeter Streets Currently improvement Is required except for single family under three (3) acres or three (3) lots, and commercial under three (3) acres. Hopkins motion, Barton second to maintain current requirements for perimeter streets. Motion carried unanimously. 7. General Development Plan A general development plan is not required at the present time. Stephens motion, Chew second that a general development plan be required by the Planning and Zoning Commission when a development is a portion of a larger tract under one ownership) when a proposed subdivision will developed iii phases{ when offslte road, drainage, or utility connections have major alternative possibilities; City Council Minutes January k51 1983 P400 Three when a proposed development's roads, drainage, utilities etc, may have a major impact on adjacent or nearby private or p0 c propertlesl or when the impact of offsita roads, drainage, utilities, etc, cannot be determined by a limited area plan, Motion carried unanimously, 8, City Participation In Drainage Improvement The City does not presently participate in drainage improvement. Hopkins motion, Alford second to delete this fee from the proposed Urdinance, Motion carried unanimously, 9, Median Standards There are currently no standards for medians, Barton motion Alford second that no median be permitted except on major, arterial roads (primary and secondary) as defin d by the major thoroughfare master plan; that a minimum width of 14 ~eet from back to back of curb be accepted and medians less than 14 feet in width be of a maintenance free surface that contractors be required to keep the median areas clean and tree of debris, concrete waste, and other construction waste; that medians be equipped with a water suppply and outlets spaced a minimum of every 100 feet apart4 thatprovisions for an underground electrical supply be provided for each median unit for the purpose of automatic irrigation which shall be determined by the Parks Division prior to construotioni and that contractors be required to fill each median unit with top soil and be required to fertilize, seed, and water In a proper manner to estallsh turf grass cover, Motion carried unanimously, 10, The Council then ad,;ourned into Executive 5ession to discuss legal matters real estate, personnel, and board appointments, No off~Cial action was taken on Executive Session items, II. No items of new business were suggested for future agendas. 0633C MINUTE City of Denton City Council February 1, 1983 yy FebruaryHe1,1138" ate3145bp.m,OonttheCeastCsldelofoTeasleyatane (FM-2181) and north or Robinson Road, PRESENT; Mayor Prp Tom Stephens, Council Member9 Alford, Chew, and Rlddlesperger; City Attorney and City Secretary ABSENT; Mayor 5ttwartI Council Members Hopkins and Barton 1. This was the Public Hearing to consider annexation of approximately 4bb aCr 5 0 land located diong the east side of Teasley lane IThe Planning and Zoning Commission rooommends approval,) ~z• 660) Mayor Pro Tom Stephens oponed the Public Hearing, Charlie Watkins, Senior Plannor of the Planning and Community Development Staff, reported that this annexation would encourage further development, Mr, Cott, owner of SundCwn Ran4h asked If the annexation would increase taxes but furnish no City services and what would the property owners gain from the annexation. Watkins stated that, If annexed the additional developpmont in the area would be controlled, All land annexed is initlally zoned agricultural and the developers then petition for zoning changes, City Attorney Taylor reported that land annexed In 1983 would go 00 the tax rolls in 1984. Mr, Cott then stated that he was in favor of the petition. Mr, Richard Compton, adjacent property owner, spoke in favor of the petition, Mr, Robert J. Button, owner of the mobile home park property, spoke in favor of the petition, Mrs. Mitchell spoke In opposition to the petition, Mrs. Mitchell stated that she would like to see the annexation delayed due to the City tax situation, Mrs, Mitchell stated that she was seeking a developer to purchase the property and was not against the annexatlon per se but would like to see It delayed. The Mayor Pro Tom closed the Public Hearing, The Counetl ad ournod into Executive Session at 4;15 p,m, in the Civil Defenso ~oom of the Municipal Building to discuss legal matters, real estate, personnel, and board appointments, The Council convened into open work ses ion at 5;30 p,m, In the Civil Defense Room of the Municipal Building, 1. The Council received a report on the City of Denton's Economic Development Program. Assistant City Manager Betty McKean briefed the Council on research completed on current trends in economic development marketing, McKean handed out samples of various brochures which are being used to interest developers. McKean recommenOd all Information be compiled into one 'fact book" which could be updated annually, McKean also recommended the preparation of a slide show. A consistent theme should be used throughout all phases of the marketing endeavor, Clty Coan411 Minutes January 25, 1983 Page Two 21 The Council received a report from Chuck Carpenter, Executive Director of the City of Denton Chamber of Commerce, regarding recent Chamber activities, Mr. Carpenter reported that the Chamber would be lad to work with the Cit, in the Economic Development Program and lodged the Chamber s full support, The Council then convened Into the regular meeting at 7100 p.m, in the Council Chambers, PRESENTI Mayor Pro Tem Stephens Council Members Barton, Alford, Chew, and Alddlespergerl City Attorney and City Secretary ABSENTi Mayor Stewart was out of town on a TMPA trip Council Member Hopkins was absent due to ar illness in his family, The Council considered approval of the Minutes of the Regular Meeting of January 18, 198[. Riddlesperger motion, Chew second to approve the Minutes as presented, Motion carried unanimously, 2. Consent Agenda Barton motion, Chow second to approve the Consent Agenda, Motion carried unanimously, Consent Agendas A. Bids and Purchase Orderst 1. Bid M 9085 Distribution transformers 2. Bid a 9086 Capacitors 3, Bid 0 9089 Sale of refuse truck 4. Sid 0 9093 Renovation of heat, air coooltioning and ventilation 5. Bid ! 9091 Lath and plaster 6, Bid / 9098 Ceramic the 7, Bid ► 9101 Lockers 8, Bid N 9099 wood doors 9. Bid M 9104 Verthood 10. Bid 0 9110 Sale of lathe and drill presses 8. Final Paymentsi 1. Approve final payment to Jagoe Public for the balance of Northridge drainage, C. Platst 1. Approve the final plat of block I, Lakewood Estates, (The Planning and Zoning Commission recommends approval.) 2, Approval cf the final replat of lots 2, 3, and 4, block 14, Owsley Park Addition. (The Planning and Zoning Commission recommends approval,) 3. Public Hearings; A, Z•1560 This is the prblic hearing to consider annexation of approximately 456 acres of land located along the east side of Teasley Lane (PM 2181) and north of Robinson Road, (The Planning and Zoning Commission recommends approval,) City Council Minutes January 26, 1983 Page Three Charlie Watkins Senior Planner of the Planning and Community Development Staff, reported that a mobile home park was under construction at this location, The Mayor Pro Tom opened the public hearing, No one spoke iu favor, Mrs, Mitchell spoke in opposition, Mrs. Mitoheli stated that she was not opposed to annexation in the future, but would prefer If the annexation were delayed, The Mayor Pro Tom closed the public hearing, 8, Z-1665 This is the petition of Joe Below requesting a Change of zoningg from single familyy (SF •7) to planned development (PD classification for multl•famlly use on a 9,1 acre parcel beginning at the northeast corner of Bernard and Lindseyy. The property has approxim,•,ely 60 feet of frontage along the east side of Bernard Street and 600 feet of frontage along the north side of Lindsey Street, If approved, the planned development (PD) would permit the construction of approximately 271 multi-famllly units, j (The Planning and Zoning Commission recommends approval,) f The Mayor Pro Tom opened the public hearing. Mr, Tom Jester, reprssenting Mr, Joe Below, spoke in favor of the petition, Mr. Jester stated that Mr, Below plans on building quality apartments and that the surrounding area is presently zoned for light industry. Mr. Robert Horn, architect, spoke in favor of the petition, Mr, Tommy Shackolford, area resident, spoke in favor of the petition stating that the area would be sultabla for apartment type housing, No one spoke in opposition, The Mayor Pro Tern Closed the public hearing, 1. The Council considered adoption of an ordinance changing the zoning from single family (SF-7) to planned development (PD) classification on a 9,1 acre parcel beginning at the northeast corner of Barnard and Lindsey, The following ordinance was presentedi 83-06 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 THE CITY V DENTON, TEXAS, BY ORDINANCE NO, 69-1 AND AS SAID MAP APPLIES TO APPROXIMATELY 8.956 ACRES Of LAND OUT OF THE ALEXANDER HILL SURVEY, ABSTRACT NO. 6230 DENTON COUNTY TEXASI AND MORE PARTICULARLY DESCRIBED HEREIN; AND DECLARING AN EFFECTIVE DATE. Chew motion, Alford second that the ordinance be adopted, On roll call vote Barton "aye", Stephens "aye", Alford "aye", Riddlesperger "aye", Chew "aye", The motion carried unanimously, C. S-165 This is the petition of W. V. lunnicliff requestingg a specific use permit to allow for the expansion of the Center Point Mobile Home Park on property located adjacent and north of the existing mobil.) home park and containing approximately 4.6 acres of land, The Canter Point Mobile Home Park is located along the west side of fort Worth Drive (U, S. Highway 377), beginning approximately 2OU feet north of the intersection of James Street and Fort Worth Drive. (The Planning and Zoning Commission recommends approval.) City council minutes January 25, 1983 Page Four The Mayor Pro rem opened the publiC hearing. Me, W, Y, Tunnlcllff, representing Center Point Mobile Home Park, introduced Bill Mash. Mr. Bill Nash, en inser for the owner of the property, stated that 1 his Client would like to expand the existing system and waive the ordinance requirements for individual water meters, underground electric utilities, and building and maintaining streets. Mr. Robert J, Dutton, Lakewood Estates Mobile Home Park, stated that the City of Denton ordinance pertaining to mobile home parks is 16 years out of date. Mr. Simon Lewis, adjacent property owner, reported that he would be In favor if a suitable fence were provided. The Mayor Pro Tom closed the public hearing, 1. The Council considered adoption of an ordinance approving a specific use g rmlt to allow f9r the expansion of the Center Point Mobile HOme Park on property located adjacent and north of the existing mubile home park and containing approximately 4,b acres of land. Barton motion, Chew second to table until the mobile home ordinance can be studied. Motion Carried unanimously. 4, The Council received a report from Alexander Grant on the City of Denton Audit, Mr, Larry Jobe and Ms, Sue Jackmon of Alexander Grant handed out a Comprehensive Annual Financial Report for the year ending September 30, 1982 and a Report on Internal Accounting Control and Client Advisory Comments brochures, Mr, .Job and Ms. Jackmon presented oral reports on the findings as specified in the brochures, b, The Council Considered approval of the site plan of North Texa Industrial Park - Phase I (The Planning and Zoning Commission recommends approval,j Chew motion, Alford second to approve the site plan. Motion Carried unanimous)y. 61 The Council considered approval of the final plat of North Texas Industrial Park - Phase I, (The Planning and Zoning Commission recommends approval.) Chew motion, Alford second to approve the final plat subject to compliance with City regulations. Motion carried unanimously, 01 7. The Council recognized representatives from the Links Club regarding the use of Fred Moore Park on June 17, 18, and 19, 1983. Mr. Washington, representative of the Link Club, stated that they were a social and charitable organization and requested the use of Fred Moore Park for the annual Juneteenth celebration and to have the park open until 12100 midnight. Council Member Chew stated that Carl Young had been sponsoring the Juneteenth celebration for several years and had done an excellent job, Carl Young told the Council that he had handled the celebration for 10 Years antl there had been no racial disputes, Mr. Young stated that he would be wiIIIng to work with the Links Club on the Juneteenth celebration, but asked the Council to give the responsibility of the planning to him, City Council Minutes January 251 1983 Page Five Ernest Sims told the Council he had worked with Carl Young on the wholerCitynandsnotejust onefgrouphof peopl0was a need to help the Chew motion, Barton second to glve the celebration to the Links Club And have the park stay open until 12100 midnight on June 17, 18, and 190 1983 Motion passed unanimously, 8, Ordinances A, The Council considered approval of an ordinance authorizing the City-County Health Officers to issue written citations to persons violating health laws within the Denton City litmus, Lori Callahan, licensed sanitarian with the County Health Department, spoke that the department had the authority to clo e a restaurant, but if minor infractions of the health code were 01104, the Health Department did not have the authority to issue Citations, The following ordinance was presented) 83-07 AN ORDINANCE AMENDING ARTICLE III OF CHAPTER 11 OF THE CODE OF ORDINANCES OF THE CITY OF DENTON, TEXAS BY PROVIDING FOR THE ISSUANCE OF WRITTEN CITATIONS TO PERSONS IN VIOLATION OF HEA0H LAWSI MAKING IT UNLAWFUL TO GIVE THE ISSUING OFFICER A FALSE NAME OR 10 FAIL TO APPEAR IN ACCORDANCE WITH THE TERN$ OF 1'HE CITATIONI PROVIDING FOR A VROVIOIINOIFOROA SEVERAOILIDTYDCL0)SE AND DECLARING ANEREOFI EFFECTIVE DATE, Chew motion, Barton second that the ordinance be adopted. On roll call vote Barton "aye", Stephens "aye", Alford "aye", Riddlesperger "aye", and Chew "aye", Motion carried unanimously, 8, The Council considered approval of an ordinance revising the weed ordinance, The following ordinance was presenteat 8'3.08 AN ORDINANCE REPEALINO ARTICLE V OF CHAPTER 12 ("WEEDS ON PRIVATE PREMISES") OF THE CODE OF ORDINANCES OF THE CITY OF DENTON AND ENACTING A NEW ARTICLE Y REGULATING THE HEIOHT OF AND RLppUIRING THE CUTTING OF CERTAIN WEEDS GRASS, AND UN~ULTIVATE0 VEGETATION; PROVIDING FOR NOTICE bF VIOLATIONS ABATEMENT BY THE CITY, ASSESSMENT OF AN ADMINISTRATIVE FEE AND COLLECTION OF COSTSI PROVIDING FOR A LIEN FOR DELINQUENT COST, INTEREST THEREON AND FORECLOSURE THEREOFI PROVIDING FOR A PENALTY NOT TO EXCEED TWO HUNDRED DOLLARS ($200,00) FOR VIOLATIONS THEREOF; REPEALING ALL ORDINANCES IN CONFLICTI PROVIDING FOR A SEVERABILITY CLAUSE AND DECLARING AN EFFECTIVE DATE, Chew motion, Alford second to adopt the ordinance, On roll call vote Barton "aye", Stephens "aye", Alford "aye", Rlddlesperger "aye", and Chew "aye", Motion carried unanimously, C. The Council considered app royal of an ordinance repealing the No Parking Zone in ehe 1290 block of Elm Street to allow vehicles to park on the east side of Elm Street from Its intersection with Second Street to Its intersection with Third Street, (the Citizens Traffic Safety Support Commission recommends approval,) City Council Minutes Januaryy 281 1983 Page 5ix the following ordinance was presentedt 83-09 AN ORDINANCE REPEALING THE NO PARKING ZONE IN THE l?UO BLOCK OF ELM STREET TO ALLOW THE PARKING OF VEHICLES ON THE EAST SIDE OF ELM STREET FROM ITS INTER$ECTIUN WITH SECOND ~TACeT TO ITS INTERSECTION WITH THIR4 STREETI AND DECLARING ,N EFFECTIVE DATE. Chew motion, Barton second to adopt the ordinance, On roll call vote Garton "aye", Stephens "aye", Alford aye , Riddlesperger "aye", and Chew "aye". Motion carried unanimously. D, The Council considered approval of an ordinance designating a No Parking Zone on the south side of Third Street between elm and Locust (The Citizens Traffic Safety Support Commission recommends approval.) The following ordinance was presentedt 83.10 AN ORDINANCE PROHIBITING THE PARKIHG OF VEHICLE$ ON THE SOUTH SIDE OF THIRD STREET FROM ITS INTERSECTION WITH ELM STREET TO ITS INTERSECTION WITH LOCUST STREET; PROVIOiNO A SEVERA8ILITY CLAUSE,i PROpVIDING A PENALTY NOT TO EXCEED TWO HUNOREU DOLLARS, ANP OECLARING AN EFFECTIVE DATE. Chew motion, Alford second to adopt the ordinance, On roll call vote Barton "aye", Stephens "aye", Alford "aye", Riddlesperger "aye", and Chew "aye". Motion cardled unanimously, E. The Council considered approval of an ordinance designating a No Parking Zone on the south side of Sawyer Street between Austin and Locust, (The Citizens Traffic Safety Support Commission recommends approval.) The following ordinance was presentedt 83-11 AN ORDINANCE PROHIBITIND THE NARKING OF VEHICLES ON THE AUSTINSSTREET TOWITS INTERSECTOION WI THNLOCUSCTSTRECTI PROVIDING A SEVERA8ILITY CLAOSEI PROVIDING A PENALTY NOT TO EXCEED TWO HUNURED DOLLARS1 AND DECLARING AN EFFECTIVE DATE, Alford motion, Chew second to adopt the ordinance. On roll call vote Barton "aye", Stephens "aye", Alford "aye", Riddlesperger "aye", and Chew "aye", Motion carried unanimously. F, The Council considered approval of a truck route ordinance, (The Citizens traffic Safety Support Commission recommends approval.) The following ordinance was presentedt 83-12 AN ORDINANCE AMENOINU SECTION 24.62 OF CHAPTER 24 OF fHF. CODE OF ORDINANCES Ur THE CITY OF DENTON, TEXAS; ESTABLISHING OESIONATED TRUCK HOUTCS AND REGULATIONS FOR DEPARTURE THEREFROM PROVIDING FOR EXCEPTIONS PROVIDING FOR A MAXIMUM PENAL IIY OF TWO HUNDRED DOLLARS AND VIOLATION THEREOFi PROVIDING FOR A SEVERA8ILITY CLAUSE; AND DECLARING AN EPFECTIVE DATE, City Council Minutes January 25, 1983 Page Seven Chew motion, Alford second to adopt the ordinance. On roll call vote @arton "ayo;~, $ephyns "aye", Alf0r4 "aye", kfddlesperger "aye and Chow ayeN. Motion Carried unanimously. regulating,theToporatlonlof0emergencyaam4UTnYances andotransfer arabulances in the City Of Denton, The following ordinance was presentedt 83-13 AN MBULANCE$ ANDETHANSPER AMBULANCES OPERATION THE ECITYEOf 00TON, TEXASi AMENOING CHAPTER 23 OF THE CODE OF ORDINANCES BY ADDING AMBBULANCESRAND TRANSFERTA,C45ULANCES,iLREGULLATING GATTENDANTS AND DRIVERS OF AMBULANCESI AND DECLARING AN EFFECTIVE DATE. Chew motion, Ridolesperger second to aoopt the ordinance, On roll call vote Barton "aye", Stephens "aye", Alford "aye", Rlddlesnerger "aye", and Chew "aye". Motion carried unanimously, H, The Council considered approval Qf an ordinance providing a two percent (2%) tax on bingo receipts. The following ordinance was presentedt 83.24 AN ORDINANCE AMENDING CHAPTER 22 OF THE CODE OF THE CITY OF DENTON, TEXAS PROVIDING FOR A Two PERCENT GROSS RECEIPTS TAX ON kECfIPTS FROM THE CONDUCTING OF BINGO GAMES IN THE CITY OF DENTON, TEXAS AND DECLARING AN EFFECTIVE DATE. Chew motion, Barton second to adopt the ordinance, On roll call vote Barton "aye", Stephens "aye", Alford "aye", Riddlesperger "aye", and Chew "aye". Motion carried unanimously. 9. Resolutions The Council considered adoption of a resolution acquiring 0.66 acres to replace parkland lost to Windsor Drive. The following resolution was presentedt B E WHEREAS, the City of-dontori Texas has heretofore and authorized the extension and improvement 01 Windsor Drivel and WHEREAS, such street extensiun and improvement requires the use of a portion of the land presently used as Evers Parkl and WHEREAS, the conversion of park land to other uses requires the replacement of such land for continuation of federal funding for park development; NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Denton hereby authorizes the purchase of land In aGCOrdance with the Contract of Sale attached hereto, described as foClowst All that certain lot, tract or parcel of land lying and being situated in the City and County of Donton, State of Texas and being part of the 8.8,8, 4 C,R,R, Co, survey, Abst. No. 1h6 and also belnt part of a tract of land as conveyed to Bob E, Tr~pp and Oavle E, Tripp, Trustees by deed dated December 29, 19)9 and recorded In Volume 996, Page 316 of the Deed Records of Denton County, !oxas, and more particularly described as followst City Cauncll Minutes January 251 1983 Page Eight SECINNINO at the most southerly northeast corner of said Tripp tract, same being the southeast corner of Evers Park as described in deed recorded in Volume 696 pag 660 of the 0004 Records of Denton County, Texas, said point also ~ying in the west right•of-way line of North Locust (F,M, 2164); THENCE north 88032'15" west, along an existing chain link fence for approximately 350 foot and continuing for a total distance of 440 foot to a point for a r,ornerl THENCE north 40018137" west a distance of 234,47 feet to a point for a corner; THENCE north 0006142" east passing at approximately 123,61 feet a corner post of a chain link fence and continuing along said bearing and fence, passingg at 232,37 feet the south rightiof•wayy line of Windsor 0r1vo as described in deed recorood In Volume 1167 page 100 of the Oaed Records of Denton County, Texas, passing at 296,97 feat the north right-of-way line of said Windsor Drive and continuing for a total distance of 885 foot to a point for a corner, said point lying In the south boundary line of a tract deeded to the Denton Independent School District by deed recorded in Volume 1140, Page 234 of the Deed Records of Denton County, Texasi THENCE north 89069103" east along the south boundary line of said Denton Independent School District Tract a distance of 1,91 feet to a point for a corner, said point being the southeast corner of said Otract, said point also lying in the west boundary line of said Evers Park tract; THENCE south 0001130" east along the west boundary of said Evers Park a distance of 761,39 feet to the most northerly southwest corner of Evers Park; THENCE south 37031129" east along the southwest boundary line of said Evers Park a distance of 390.6 feet to the southerly southwest corner of said Evers Park; THENCE south 87043109" east along the south boundary line of said Evers Park, a distance of 350 feet to the place of beginning and containing 8.66 acres of land more or less, from the Bob E, Tripp, Trust No, 2 to be used as part of Evers Park and the Mayor is hereby authorized to execute said Contract of Sale and other documents necessary to such conveyance, PASSED AND APPROVED this the ____day of February, 1983, RUIIAR19'°fi-SIT [WART , °MAYZfTi CITY OF DENTON$ TEXAS ATTESTi 1;AARC~vT£"~CL~Fi; ~rTY-S~~RRT~RY CITY OF DE470h, TEXAS APPROVED AS TO LEGAL FORMi C. J. TAYLOR, JR., CITY ATTORNEY CITY OF DENTON, TEXAS By I City Council Minutes January 26, 1983 Page Nine Chew motion, Alford second that the resolution be passed, On roll call vote 9arton "aye", Stephens "aye", Alford "aye", Riddlespergar "aye", and Chew "aye". Motion carried unanimously, 10, The Council received a report on the naming of the Library, Assistant City;Managger Betty McKean reported that the Library 60ard had met on January 27 and would be bringing their report to the Council on February 1b, McKean handed out copies of a petition which had been received by the City Manager's Office concerning the naming of the Library. it. The report on TMPA was removed from the agenda, 12. Official action on Executive Session jtoms: 8. Real Estate The Council considered adoption of a resolution for the aoquioitlon of land. The following resolution was presentedl $_U_0_l_0 T_3_0J WHEREAS, the City of Oenton, Texas has heretofore and authorized the extension and Improvement of Windsor Drive; and WHEREAS, such street extension and improvement requires the acquisition of the land described hereini NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Denton hereby authorizes the acquisition of land in accgrdance with the Contract of Sale attached hereto, described as follows: Tra~j_1i All that certain 0,279 acre tract, or parcel of land MuatU in the 8.8,B. & C.R.R. Co. Survey Abstract No. 186, Denton County, Texasl said tract being part of a tract shown byy deed to E. 0. Headles and recorded in Volume 878, Page 664 of the Deed Records of Denton County, Texas and being more particularly described as follows: BEGINNING for the northeast corner of the tract being described herein at an iron pin set In the ground at the northeast corner of said Headleo Tract, said corner also being the northwest corner of a tract deeded to Tex Martin and recorded in Volume 762, Page 484 of the Oeed Records of OentoA County, Texas; THENCE south 2014'69" west 27.13 feet to an iron pin set in the ground on the south line of proposed Windsor Drivel THENCE north 88427121" west with the south line of said proposed road 442,62 feet to aA iron pin set in the ground on the west line of said headlee tract and the east line of a tract deeded to B, M. Ennis and recorded in Volume 1001, Page 642 of the Deed Records of Denton County, Texasl THENCE north 02414159" east 27.71 feet to an iron pin set 10 the ground at the northwest corner of said Headlee tractl THENCE south 88622157" east 442.61 feet to the point of beginning. TRACT l: All that certain 1.046 acre tract, or parcel of land 11rtua7e3 in the Thomas Toby Survey, Abstract No. 1288, and the B.B.B. & C.R.R. Co. Survey, Abstract No. 186, and the N. H. Meisenheimer Survey, Abstract No. 810, Denton County, Texasl said tract being part of a tract shown by deed to E. 0, Headlee and recorded in Volume 878, Page 667 of the Deed Records of Denton County, Texas and being more particularly described as follows: City Council Minutes January 26, 1983 Page Ton BEGINNING for the northeast corner of the tract being described herein at an iron pin set In the ground at the northeast corner of sold Headlee Traot; THENCE south 01°12149" west 167.30 feet to an iron pin found in the ground at the northwest My of Got It Block 2, Section 4 of the Headlee Addition to the City of Uantoni THENCE north 68°1414711 west with the north line of Mesquite Street 49,93 feet to an Irpn pin found in the ground at the northeast corner of Lot 11, Block It Section 4 of the Headlee Additions THENCE north 01012149" east 137,49 fort to an iron pin set in the ground on the south line of proposed 41ndSor Drive; THENCE north 89000032" west with the south line of said proposed road 1040.43 foot to an Iron pin set in the ground on the east line of Hinkle Drivel THENCE north 01"12149" east with the east line of said proposed road 41.85 feet to an Iron pin set in the ground at the northwest corner of said Headlee tract; THENCE south 88020130" east 1090.38 feet to the point of beginning. Tract J~ All that certain 0.068 acre tract, or parcel of land sM aTe in the B.B.B. & C.R.R. Co. Survoyy Abstract No, 186 City and County of Denton, Texas; said tract b6~ng part of a tract shown by deed to E. D. Headlee as recorded in Volume 078 No 661 of the Deed Records of Denton County, Texas said tract being further described by metes and bounds as followst BEGINNINO for the northwest corner of the tract being described herein at an Iron pin In Old Sanger Road at the northwest corner of said Headlee Tract, being also the northeast corner of tract Shown by deed to Tex Martin ag recorded in volume 762, Page 484 of said Deed Records of Denton County, Texas; THENCE south 88021168" east 164,83 feet along the north line of said Headlee Tract to an iron pin set at point of Intersection with the southeasterly proposed right of way line of Windsor Drive; THENCE westerly 167,99 feet with arc of curve to right whose radius is 670.83 feet to an iron pin sat at its intersection with the western line of said Headlee Tract, chord bearing south 82012108" west 167.39 feet; THENCE north 2014159" east 27.43 feet to the place of beginning; from E. Coats Headlee, and the Mayor is hereby authorized to execute said Contract of Sate and other documents necessary to such Conveyance. PASSED AND APPROVED this the day of January, 1983. A'f s'AAATI"0 ~ -~1'EGAA7 ; "A~Yb~i CITY OF DENTON, TEXAS ATTESTt CHARLOM ALL'£N, CITY-SECRrARY CITY OF DENTON, TEXAS APPROVED AS TO LEGAL PORMt C. J, TAYLOR, JR., CITY ATTURNEY CITY OF DENTON, TEXAS BYt City Council Minutes ' Janu4ry Y6, 1983 page Cloven Chew motion, Barton second that the resolution be passed, On roll call vote Barton "aye', Stephens "a a", Alford "aye", Rlddiesperger "aye", and Chew "aye", Motion carried unanimously, 13, New Business No new IComs of business were suggested for future agenoas, A;'1Z~Y"'iTEPAENb; ~~iY'OA"?A~"T>:A 'CAARLDTTE'~I:CEA ~ "CTTY'"'SE'CHETAAY 06340 City of Denton TUity Council yy February 8, 1983 yyCC thaSMunlCipaluHuildIng9at1which2theofo11ow1nghitemsnw111Cbambsrs of considered, PRESENTi Mayor Stewart, Mayyor Pro Tom Stephens, Council Members Alford, Hopkinsl City Attorney and City Secretary ABSENTi Council Member Barton who was in court; Counoll Member Rlddtesperger who was in Washington, O,C, with NCTCQO; and Council Member Chew who was detained dt tho off lice 11The The Council oonslderod introduction of an ordinance annexation proceedings on a 3,42 acre tract of land located approximately $00 feet northnast of 1.36 and Highway 77, (Z-1662) Hopkins motion Stephens second to appprove the introduction of the ordinance, Motion carried unanlmousiy, >f7'~AAR'is"ifs ~TEtiIRaFT;'A;<Y~~ ~AAlsC6TTi"~CtEN;"i;7TY"5~~fftTAAY CITY OF DENTON MEMORANDUM MEETING DATE: February 15, 1983 COUNCIL. AGENDA ITEM CONSENT AGENDA SUBJECT: Bid # 9079 Riding Mowers (Additional Mower) SUMMARY; Bid number 9079 is for the purchase of riding type mowers, We purchased three (3) units on + January 4, 1983, purchase order 56542, We are bringing this back to council for approval to purchase one 1) additional mower for the Sanitary Sewer P ant at the same bid price, ACTION REQUIRED; Approval by council, ALTERNATIVES: Increase the bid quantity and approve or reject the recommendation and rebid, SOURCE OF FUNDS: Funds for this purchase will come from Motor Pool replacement account number 720-004-0020-87070 $3,220,00 and 1982-83 budget account number 620-008-0470-9104 $1,970,00. Total purchase price of $5,i90,0a, RECOMMENDATION: We recommend this additional unit be added to bid number 9079 and awarded to the lowest bidder of Colonial Motors in the amount of $5,190.001 F08 Denton, EXHIBITS: abulatlo,, ~~t, SUBMITTED AY: omaw, . . Assistant Purchasing Agent : 0040b lc W ry H °z n N o ~ ~ H 9 c N 0 n o o w fA $ . ~ ~ Q~ ~D p O V ~ H i1 M a N h! .h7 w Y =a 41 CITY OF DENTON MEMORANDUM MEETING DATEi February 16, 1983 COUNCIL AGENDA ITEM M; CONSENT AGENDA SUBJECT; Bid N 9106 Police Sedans SUMMARY; This bid is for the purchase of nine (9) Police Patrol sedans and seven 7) Police C,I,D,, Criminal Investigation Department, sedans, The patrol sedans are replaced every three (3) ears, Whenever possible and economical the ,O, units are transferred to other departments in the City for lighter duty utilization, ACTION REQUIREDt Approval by Council and award of bid, SOURCE OF FUNDS; This purchase will be jointly funded by Motor Pool replacement account number 720-004_b 20 004-0020.8707 in the amount of $121,476,28 and 1962-83 fiscal budget account number 100-007-0043-9104, Police Department Patrol in the amount of $16,666432 and account number 100-007.0041.9104, Police Department C,1,0, in the amount of ;19413,44, Total purchase price $166,654,04, RECOMMENDATION, We recommend this bid be awarded to the lowest bidder meeting specifications of Al McNatt Chevrolet in the amount of $9,938,66 each for Police patrol units and $9 601,00 each for Police C.I,D, units, FOB Denton, delivery in 60-90 days. EXHIBITSt ` Tabulation skeet, SUBMITTED BY: ; om Shaw, , Assistant Purchasing Agent 0039b lc 4h ~p qq '4 F~ *44 8 4 ow a i0 y ~ c~ v~il~0 w ~ a ~ y V ~e I : (x CITY OF DENTON MEMORANDUM MEETING DATE: February 15, 1983 COUNCIL AGENDA ITEM CONSENT AGENDA SUBJECT: Bid 1# 9107 Ambulance SUMMARY: This bid is for the purchase of an additional ambulance to be added to the City of Denton fleet This unit will be utilized by the Fire Department in performance of their emergency medical service, I ACTION REQUIRED: Approval by Council and award of bid. SOURCE OF FUNDS: This ambulance purchase will be funded as a portion of a lease purchase package, Payments will be spread over a 60 month payout period, The tease purchase package will be brought to the council for approval upon its completion. Funds for this fiscal year's payments will come from budget account number 100-006-0061-91046 RECOMMENDATION: We recommend this bid be awarded to the lowest bidder meeting specifications of Superior Southwest Ambulance in the amount of $38,949.00, FOB Denton, delivery in 90 days, EXHIBITS: TAbulatian h t, SUBMITTED BY: )IW Tom 0. Shaw, C.P.M. Assistant Purchasing Agent 0038b 1c I M M M'~ CIA M i oil CITY Of DENTON MEMORANDUM MEETING DATE: February 16, 1983 COUNCIL AGENDA ITEM CONSENT AGENDA SUBJECT: Bid N 9108 Sewer Flushing Truck SUMMARYi This bid is for the purchase of an additional Sewer Flushing Truck. This unit is an addition to the City fleet and will be utilized by the Water & Sewer Department, This high pressure sewer flushing unit is used to clear and prevent blockage in sewer mains thus prevent.1ing back up into the property of uti)ity customers. The two older flushing units we now havo will be rebuilt and retained in services, Hopefully this unit will allow us to flush the Sewer mains on a regular basis rather than ft-)in acne emergency to another. ACTION REQUIRED: Approval by Council and award of bid, SOURCE OF FUNDS: frooms to 1982c83 se thbudgeteet addItin willnumcome ber 620-008-0471-9104 Water and Sewer Capital Expenditures, VehIcieS and Equipment. RECOMMENDATION: We recommend this bid be awarded to the lowest bidder meeting specifications of Naylor Supply for a Meyers Flushing Unit mounted on a 1983 GMC Truck Cab & Chassis, The price is ;46,864.37, FOB, Denton, delivery in 60-90 days, EXHIBITS: T bulation s ee SUBMITTED BY: iom :aw, , . Assistant Purchasing Agent 0037b lc -pow 0- r I 7d I CITY OF DENTON MEMORANDUM MEETING DATEi February 16, 1983 COUNCIL AGENDA ITEM #i CONSENT AGENDA SU8JECTi Bid # 9116 Traffic Controllers SUMMARYi This bid is for the purchase of four (4) traffic counters for use by the Traffic Control Department, ACTION REQUIRED: Approval by Council and award of bid, SOURCE OF FUNDSr Funds for this purchase will come from special Street Improvement Fund account number 432»0020012-9107, Traffic Control miscellaneous equipment, RECOMMENDATIONi We recommend this bid be awarded to the lowest bidder meeting specifications of Streeter Amet Traffic Data Systems in the amount of $926.00 each, Total price $3,700,00. EXNIBITSt Tabulatio s eet, SUBMITTED BYi om aw, ,~';`r Assistant Purchasing Agent ,r 0041b lc ~ p y I A ~ ~~Ipp ~Np ~"p! ~1 O V5 ~ fD C1 P' I 0 t~h b G~71 ~ ~ Q c+ m ~a od ~1 `0! 1V CITY OF DENTON MFMORANOUM DATE OF MEETINGi February 16, 1983 COUNCIL, AGENDA ITEM # Consent Agenda SUBJECT Purchase Order #66803 to Wang Laboratories, Inc, SUMMARY; This purchase order is for a Wang Word Processing System 6 Model 3 Master with Dual Diskettes and workstation, The System 6 is needed to upgrade the word processing system in Personnel, At the present our capacity is limited because of the cable that runs across the street and the capacity is limited. With the above system additional cable is not necessary and the performance capacity is reatly increased, This purchase order is only for he rental of this s stem for one year, at which time other cable will be available or we can con- vert to a lease purchase with credit being applied to the purchase. Payments will be made monthly as invoiced, ACTION REQUIRED; Approval by council, ALTERNATIVES; Not upgrade the system at Personnel at this time, SOURCE OF FUND$i Budget, RECOMMENDATION: We recommend this purchase order be approved to Wang Laboratories for the amount of $5,200.66 and paid in 12 equal monthly installments. EXHIBITSi Copy of purchase order. SUBMITTED BY; n ha1> , , Pur ar ;rig Agent 8NT4N, P1,1111(3HASING DEPT, PURCMA$R ORDIR NUMUR ssaa3 216 8, McKinney D4ntan, Twi 76201 81 1604.8311 DOW Wra 267.0042 1/25/83 No No. V1N001 NO. YOM" W.O. NO. wIv"y ACCT, NO, lO0»0030008.8609 tHM Wang Laboratories, Inc, 26011 Scatty AM Tai CrrY OP PINION , Personnel Suite 238 324 - , nnoy $t, Ft. Worth, TX 76103 Denton, TX 76201 SHOW P.O, NO, ON ALL SHIPMENTS,OELIVERY TICKETS, INVOIaRS ETOnSENO INVOICES TO ACCOVNTS PAYA0LN,THE CITY OP OENTON, TEXAS Is EXEMPT PROM SALES TAX AS PER HOUSE HILL 020, THE OITY OP DENTON 14 PROHIGITOD PROM PAYINO FOR MERCHANDISE NKPORE IT IS RECEIVED. ALL SHIPMENTS MUST EE P4 su CITY OP OENTON, TEXAS, ITEM CITY STOCK NUMSER _ DESCRIPTION rIVAN./UNIT PRICE AMOUNT 14 5506.3 Masserowith duaaladiskettess,, w thoda1 3, 3 6506.2 Workstat4on RENTAL FOR 1 year Less ' 12 monthly payments pf $433.38 each . w 'F Direct All IPURCes T CITY OF DSNTON, PURCHASING DEPT, /v John J. Marshall, C.P,M„ Purchasing Agent Tom D. Shaw, C,P,M., Asst, Purchasing Agent CITY OF DENTON MEMORANDUM MEETING DATE: February 16, 1983 COUNCIL AGENDA ITEM CONSENT AGENDA SUBJECT: Purchase order #66969 To Drill Equipment in the amount of #16,687,96 SUMMARY: Purchase order 66959 is for the complete overhaul and repaint of City of Denton unit #6280, This unit is a Texoma Hole Digger modal 330»12 used by the Electric Distribution Department to dig holes for installintility poles, A new unit of this type will cos? t approximately $60,000,00 not including a truck cab and chassis, The $15,667,96 proposal by Drill Equipment does not include any work on the existing cab and chassis, however, they do offer a 30 day full warranty and anticipate the hole digging unit to be 80% to 90% of its like new condition when completed, ACTION REQUIRED: Approval by council. ALTERNATIVES: Accept the recommended proposal, bid a new unit or operate with only one hole digger. SOURCE OF FUNDS: Funds for this purchase will come initially from the motor Pool Vehicle Maintenance Department account number 710-004-0598.8710 and then be recharged to the 1982-83 budget account for Vehicle Maintenance of Electric Distribution Vehicles, RECOMMENDATION: We recommend this purchase order to Drill Equipment in the amount of not to exceed $15,669,00 be? approved and the vendor be notified to proceed, Although repairs on reconditibVing of this type are not readily applicable to the bidding process a second proposal was submitted by C,I,A, Machinery. Their proposal was in the amount of $16,967.21 to be determined as work progressed. EXHIBITS: rcha e r 56959, tabulation sheet. SUBMITTED BY: bm Shaw, , Assistant Purchasing Agent 0042b 1C M R -7641- MM 'v H ~ ~w lC C1 Q1 3' m i CITY OF DBNTON, PURCHASING DEPT, PURCHASR ORDER NUMDAR 66959 214 S, MoKlnnay Donton, Tom 70201 817/46#4311 DIFW Mrtra 247-M2 oAre 2/8/83 aW rta. verwo" NO. t" A% W.O. No. "ove"r ACCT. No. 710-004.0698-8710 Drill Equipment WW P,O, Box 2017 Denton, TX 76201 Tw CITY OF DINTCN, Vehicle Maint, SHOW P.O,rIO,ON ALL SHIPMENTS, DELIVERY TICKETS, INVOIC05 ETO,40ND INVOIOES TO ACCOUNTS PAYAOLE, THE CITY Orr OENTON, TEXAS IS EXEMPT FROM SALTS TAX AS PER HOUSE BILL ,PRO, THE OITY OP OBNTON IS PROHISITEO FROM PAYINQ POR MERCHANDISE OKFOR19 IT IS RECEIVED, ALL SHIPMENTS MUST SE P.O B , CITY OF DENTON, TEXAS. ITEM CITY STOOK NUMEER OESORIPTION 4UAN,/UNIT PRICE AMOUNT Unit N 6280 Overhaul and repaint as per estimates Lot $16,667,96 Direct All Inqulrles ToI CITY OF DENTON, PURCHASING DEPT. John J. Marshall, C.P.M., Purchasing Agent Torn D. Shaw, C.P.M„ Asst. Purchasing Agent CITY COUNCIL AQBNUA BACKUP E SKSgT Datei February 15, 1983 Subjeoti Approval of the final plat of Stratford Addition, Second Section, Summary, The Stratford Addition Second Section, is the final plat of a 2J61. acre general retail tract located at the northwest corner of Stuart Road and Hercules Vane, The intent of the final ptat is to dil.lde the property into four lots, of which, two will front on Hercules and two will front on Stuart, A preliminary plat was approved on January 5, 1983, Adequate streets, utilities, drainage and public facilities are in place, Action Requiredi Approval of the final plat, unani- Recommendation, The Planning approval Commission recommmends Zoning by s a i vote of mously 6Wo, Alternative; Approve the final plat, Attachments; 1, Reduced plat 2. Planning and Zoning Commission minutes of meeting of February 2, 1983 David Ellison Development Review planner p~t10N f;R ~ Afl A010 7.R « eurw w w~w 1 o~ ~ r i IT I Q ~ r1 !f'M~VAtf dSENfkT ~ 1' 0 111 z, f ~ U q ® N c Bs• LY .4 ro.o - b Htr~CL~~ ~S G AW ORAPNIC SCALE ' Ql!0 2_0 3G ~0 100 Final Plot STRATFORD ADDITION SECOND SECTION JAMWNY to, *63 city of Csnfon, Dwon County, Toxos Minutes Planning and Zoning Commission February 2, 1983 The regular meeting of the Planning and Zoning Commission of the City of Denton, Texas was hold on Wednesday) February 2, 1983, at 500 p,m,, in the Council Chambers of the Municipal Building, Present: Bill Claiborne, Ruby Cole, R, B, Escue, Jr,, Gary Juren, Robert LaForte, Marilyn Mays and Andy Sidor Absent: None Present from Staff: Charles Watkins, Senior Planner; David Ellison, Developlnont Review Planner Greg Edwards, City.Engineer; Earl Jones, capital Construction Project Coordinator, and Audrey Bachman, secretary Chairman Robert LaForte called the meeting to order, 1, Approval of the minutes of the January 19, 1983 regular meeting. Mr. Claiborne moved to approve minutes of the regular meeting of January 19, 1983, Seconded by Mr, Sidor and unanimously carried, 11, Considerations A, rApproval of the final plat of Stratford Addition, Second Section. Mr. Ellison explained this is a two acre parcel zoned general retail which is located at the cornea of Stuart (UNAPPROVED) and Hercules preliminary plat was recently approved, all technical requirements have been satisfied, and Development Review Committee recommends approval, Mr. Juren moved to recommend approval of final plat of Stratford Addition, Second Section. Seconded by LMr. Escue and unanimously carried. (6-0) Ms, Cole arrived at the meeting. M otrYal oeNroai 7"EXAS MUNICIPAL. OUIL.AINO / AI;NTON, TOXA5 76201 / TEEPNONE (817) $668100 MEMORANDUM T0i Mayor and Members of the City Council FROM; Charlotte Allen, City Secretary DATE; February 10, 1983 SUBJECT; AGENDA ITEM N3 There is no back-up material for this item at this time. An oral report will be given with back-up minutes of the Library Board Meeting of February 10, 1983, at the Council Meeting, ariot e en, ty Secretary CA,vvw CE=TCM FUR ORDINANCE DIFF7f.'IU* THE ISSUM= OF NOTICE OF SAte of aC s TU STAT£ of =W 07UNT'r' CF DENit7N CITY OF DEx" : We, the mndersignad officers of said City, hard o w4fy as follows, 1, The City Cawroil of said City eonvenesi in A*CAR M== CO THE 1STH MY OF M1ifJA * 1983 r at the Municipal Wilding (City Hall) , sM the roll wa,i called of tht duly constituted offioars and m q*rs of said r;i.iy Coanncil, t,o-witt Charlotte Allen, City Secretary Richard 0, Stewart, Mayor Cr, A. Chow Jack Berton $ ~Rilesperger Charles Hopkins Jos Alford and all of said persons wom (resent, except the tollowing abronttieeesgs OU's a written among o M.'s ass, o was u s~d a said Meetirgs OR 4WXF OIFEXTD* THE ISSD+1= OF NOTICM OF WX OF b:*W was daly introJjmk for the consideration of said City Council and duly read. It was then duly moved and se0mvIed that said Ordinance be passedt and, alter due discussion, said motion, carrying with it the passage of said Ordi.nsm so prevailed r.nd carried by the followinq votas AYF:ii ill OwrbOra of said City cmvi.l shown present above voted "Aye", txm I None. That a truer full, and correct ocT'y of the aforesaid Ordinance passed at V,i Meeting described in the above and oregoins; paragraph is attached to and folicwr, this Certificatat that said Oriinasip S been duly recorded in said City Council's minutes of said t*etingt that the above rind foreqc~ paragraph at of said Mee' t full, and correct em trpt f<Cm said City C~OCataiI's rsng pertaining to the passage of said Ordfnancaj that the persons naued in the above and foregoing paragraph are the duly chosen, qualified, and acting officers and members of said city Cooutoil &A indicated thereint that each of the officers and awbars of said City Cosaudl was duly . and sufficiently notified officially and personally, in advance, of the time place, and purpose of the aforesaid Meetings and that said ordinance would be introduced and considered for passage at said Marti and that said Meeting was men i to the public, a public no+.iea of the time, plwe, and purpose of said said n7. * was g-te, required by Vernon's Ann. Civ. St. Article 3, That the Mayor of said City has approved, and herd y appMoves, the aforesaid Ordinaneel that the Mayor and the City Secretary 0 said~City have duly signed said Ordinancet and that the Mayor and the City Secretary of said city hereby declare that their sigiinq of this Certificate shall constitute t a aigning of the attached and following copy of said Ordinance for all lair poses, SIGNED AND SEAC.En the 15th day of February, 198. !Lty ----y°r We, the undersigned, being respectively the City Attorney and the Bond Attorneys of the City of Denton, TP.ims, hereby certify that we approved as to legality the attached and following Ordinance prior to its passage as aforesaid, City ttorney BO Attorneys' ORDINANCE N0. 83 ORDINANCE DIRECTINGVi£ ISSVANCE OE NOTICE OF SALE OF BONDS THE STATE OF TEXAS i COUNTY OF DENTON CITY OF DENTON i THE COUNCIL OF THE CITY OF D£NTON HEREBY ORDAINSI 1. That the City secretary is directed to issue A Notice of Sale of Bonds in substantially the tollEwinq forme OFFICIAL NOTICE OF SAM CITY OF DENTON, TEXAS 34x742,000 OEN£RAL OBLIOATION BONDS, SERIES 1983 The City Council of the City of Dentonr Denton County, Texas, will receive sealed bids At the Municipal Building{ 215 E. McKinney Street, in the City of Denton unt;li 7100 p.m., Tuesday, March 22, 1983 for the purchase of: 94,742 000 deneral. Obligation Bond ra s,_ to be dated to mature ea ly March 15 ra~ ~$3, an~ each year 19P4 through 2003. Sealed bids, plainly marked "Bid for '9onds", 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 city Council prior the date of sale. All sealed bids will be publicly opened and tabu- lated before the Council. Copies of the "Official Statement", "Notice of Sala", and "Official Bid Form" are being prepared and will be mailed to prospective bidders on or about March 4, 1983, and will be furnished to any prospective bidder upon request, by First Southwest company, 800 Mercantile Dallas Building, Dallas, Taxes 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. CHARLOTTE ALLEN City Secretary City of Dentonr Texas. 2. That said Notice shall be published once in The Bond Buyer, New York, New York, which is a natignal publication regularly and primarily carrying financial news and municipal bond sale noticest and said Notice also shall be published once in the "Denton Record-Chronicle", which has been designated as the official newspaper of the City of Denton. Said publica- tions shall be made at least thirty days prior to the day set for receiving bids, CITY COUNGIT, AQENDA BACK-UP SUMMARY SHEET Meeting Date: February 15, 1983 City Council Agenda Item # Subject: Adoption of an ordinance annexing a tract of land consisting of 63,89 acres located along the east si e of Mayhill Road immed- iately north of the Andrew Corporation Plant, (z-1541) Summary: This is the final action regarding annex- ation of this 63,89 acre tract, After annexation proceedings were begun on this property the owners of the 39 acres proposed for mobile home park devel- opment petitioned for a specific use permit for the mobile home park, When the request went to the Planning and 2.oning Commission the annexation of this tract was reconsid- ered because the developers would be re- quired to improve all three perimeter roads around the site if the roads are retained as a part of the annexation, The Planning and Zoning Commission voted to keep the perimeter roads in the area to be annexed, Action Required: Adoption of the enclosed ordinance and service plan, SIX (6) AFFIRMATIVE VOTES ARE REQUIRED FOR ADOPTION, Alternatives: 1, Adopt the ordinance, 2. Reduce the annexation by deleting all the Andrew Corporation property except a 504 foot strip leading to the prop- erty owned by Allen Mobile Homes, 3. Reduce the amount of property to be annexed by deleting the northern and eastern roads from the parcel to Le annexed. City Counoi.1 Agenda Haok~Up Summary Sheet February 15, 1983 Page 2 4, Reduce the size of the parcel by any other means as long as the annexation is 500 feet in width 5, Disapprove the annexation, 6, Table for future consideration, Recommendat:ioni The Planning and Zoning Commission recom- mends appproval of the annexation by a i vote of 5-0. Exhibits; 1, ordinance 2, Service Plan 3, Map 4, Letter from Mr, George Hopkins 5, Planning and Zoning Commission minutes of meeting of January 19, 1982 " , ~2, z 1'2a Charles Watkins Senior Planner AN ORDINANCE ANNEXING A TRACT OF LAND CONTIGUOUS AND ADJACENT 'I THE CITY OF DENTON, MASI BEING ALL THAT GOT, TRACT OR Pq~CEL ON LAND CONSISTING OP APPROXIMATELY 03,89 ACRES OF LAND LYING AND EEINO SITUATED IN THE COUNTY OF DENTON STr~TE OF TEXAS D BEING PART OF THE 0, WALKER SURVEY, ASST CT 0, 1330, DEN ON . NG THE FROPHR1'Y1 ANNDIDECLARINGIAN EFFECTINVE DATHaRCULTURAL "A" DISTRICT WHEREAS, the request for annexation was introduced at a regular meeting of the City Council of the City of Denton, Texas, on the petition of the City of Denton, Texas; and WHEREAS, an opportunity was afforded, at a public hearing held for that purpose on December 14 ,19821n the Council Chambers for all interested persons to state their views and present evidence bearing upon the annexation provided by this ordinance; and MREAS, an opportunity was afforded, at a public hearing held for that purpose on November 30s 1082 upon the property hereinafter described in this annexation ordinance for all interested persons to state their views and present evidence bearing upon the annexation provided by this ordinance; and WHEREAS, this ordinance has been published in full at least one time in the official newspaper of the City of Denton, Texas, prior to its effective data, and after the public hearings; NOW THEREFORE, THE COUNCIL OF THE CITY OF DENTON, TEXAS, REMY 6RDAINS: SECTION I, That the hereinafter described tract of laiid be, and, the some is hereby annexed to the City of Denton, Texas, and the same is made hereby a part of said City and the land and the present and future inhabitants thereof shall he entitled to all the rights and privileges of other citizens of said City and shall be bound by the acts and ordinances of said City now to effect or which may hereafter be enacted and the property situated therein shall be subject to and shall bear its prorata part of the taxes levied by the Clty~ The tract of land hereby annexed is described as follows, to-wits All that certain tract or parcel of land lying and being situated in thl County of Denton, state of Texas, u{1 d being part o the 0, Wa ker Survey Abstract No. 1350 and being more particularly described as ~ollowst BHOINNINO at the most northerly northwest corner of present city limits as established by Ordinance No. 78,38, said point x in in Mayhill Road and in the west boundary line of the 0, Wa ker survey, Abstract No. 1330, said point also being the southwest corner of a tract of land conveyed to Andrew Corporation by deed dated 5eptembop 81 1978 and recorded in Volume 912, page 804 of the Deed Records of Denton County, Texas; THENCE north 4013144" east along the west boundary line of said survey and in Mayhill Road a distance of 719.12 feet to a point, said point being the northwest corner of a tract conveyed to Andrew Corportion by deed recorded in Volans 912, page 821, same being the southwest corner of a tract conveyed to Allan Mobile Homes, Inc, by deed recorded in Volume 1161, Page 570 of the Deed Records of Denton County, Texas; TfiHNCE north 2025130" east along the west boundary line of said survey and in Mayhi.ll Road, same being the west boundary line of said Allan Tract, a distance of 1140.8 feet to a point for a corner, said point being the northwest corner of said Allan Tract and the Intersection of Mayhilt Road with the centerline of a County Road to the east; THENCE south 88029' east along the north boundary line of said tract said being the centerline of County Road, a distance of 1489,1 feet to a point for a corner, said point being the northeast corner of said tract; THENCE south 2006' west along the east boundary line of said trace same being the center of a County Road, a distance of 1154. feet to a point for a corner, said point being the southeast corner of said tract; THENCE north 87057130" west along the south boundary line of said tract a distance of 28.94 feet to a point for a corner in said County Road some being the northeast corner of said Andrew Tract; THENCE south 4034157" west along the east boundary line of said Andrew Tract a distance of 735.64 feet to a point for a corner said point lying in the present city limits as established by Ordinance No. 78-38; THENCE north 87048'56" west along the present city limits a distance of 1026.01 feet to a point; THENCE north 86009' west along the present city limits a distance of 435,6 feet to the place of beginning and containing 63.,89 acres of land, more or less. SECTION 11. The above described property is hereby classified as Agricultural "A" District and'shall so appear on the official zoning-map of the City of Denton, Texas, which map is hereby amended accordingly. ~ l SECTION LL14 This ordinance shall be effective Immediately upon its passage. Introduced before the City Council on the 91;h day cc January,. 1983. PASSED AND APPROVED by the City Council on the 15tr day of February, 1983. RICHARD V. MNAK OF DHNTON, ThASPUR ATTESTi C WESTUNO DEPUTY CITY SECRETARY CITY OF 01MON, TEXAS APPROVED AS TO LEGAL POW C, J. TAYLOR JR., CITY ATTORNEY CITY OF MHN, TEXAS t ry PLAN OF SERVICE FOR ANNEXED AREA CITY OF DENTON TEXAS WHEREAS, Article 070a as amended requires that a plan of service be adopted by the governing body of a city prior to passage of an ordinance annexing an area; and WHEREAS, the City of Denton is contemplating annexation of an area which is bounded as shown on a map of the proposed annexation, NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS; Section 1. Pursuant to the provisions of Article 870a as amended, Texas Code Annotated, there is hereby adopted for the proposed annexation area the following plan of service; + 1. Hasic Service Plan A, Police (1) Patrolling, radio responses to calls, and other routine police services, using present personnel and equipment, will be provided on the effective date of annexation; (2) Traffic signals, traffic .signs, street markings, and other traffic control devices will be installed as the need therefore is established by appropriate study and traffic standards, Ii, Fire (1) Fire protection by the present personnel and equip- ment of the fire fighting force, will be provided on the effective date of annexation. C, Water (1) Water for domestic, commercial and industrial use will be provided at city rates, from existing city lines on the effective date of annexation, and thereafter from new lines as extended in accordance with article 13,06 of appendix A of the code of the City of Denton, Texas, D, Sewer (1) Properties in the annexed areas will be connected to sewer lines in accordance with article 13,08 of appendix A of the code of the City of Denton, Texas. E. Refuse Collection (1) The same regular refuse collection service now pro- vided within the city will be extended to the annexed area within one month after the effective date of annexation, Servioe Plan Annexed Areas page two F, Streets (1) Emergency maintenance of streets (repair of hazardous chuckholes, measures necessary for traffic flow, eto,) will begin on the effective date of annexation, (2) Routine maintenance on the same basis as in the present city, will begin in the annexed area on the effective date of annexation, (3) Reconstruction and resurfacing of streets, installa- tion of storm drainage facilities, construction of curbs and gutters, and other such major improvements, as the need therefore is determined by the governing body, will be accomplished under the established policies of the city, U, Tnspeotion Services (1) Any inspection services now provided by the city (building, electrical, plumbing, gas, housing, sanitation, etc.) will begin in the annexation area on the effective date of annexation. H, Planning and Zoning (1) The Planning and Zoning jurisdiction of the city will extend to the annexed area on the effective date of annexation, City planning will thereafter encompass the annexed area. 1, Street Lighting (1) Street lighting will be installed in the subs*an- tially developed areas in accordance with the established policies of the city. J, Recreation (1) Residents of the annexed area may use all existing recreational facilities, parks, etc., on the effec- tive date of annexation, The same standards and policies now used in the present city will be fol- lowed in expanding the recreational program and facilities in the enlarged city. E. Electric Distribution (1) The city recommends the use of City of Denton for electric power. Service Plan Annexed Areas Page three L. Miscellaneous (1) Street name signs where needed will be inotalled within approximately a months after the effective date of annexation, II, Capital Improvement Program (CIP) The CIP of the City consists of a five year plan that is up- dated yearly, The Plan is prioritized by such policy guide- lines as; (1) Demand for services as compared to other areas based partly on density of population, magnitude of problems compared to other areas, established technical standards and professional studies, and, natural or technical restraints or opportunities, (0) Impact on the balanced growth policy of the city,. (3) Impact on overall city economics. The annexed area will be considered for CIP planning in the upcoming CIP plan, which will be no longer than one year from the date of annexation, In this new CIP planning year the annexation area will be judged accordingly to the same established criteria as all other areas of the city. { 1 sr k r 1 fAl')• is k .t { r'" r h 04 00 it R 1 I .1,' f r 4 1 1:~yu. it'll !4~ 1 Yf ~ l , r ,rl++ ~4S{~t1~1 1 A I"~~ 1i, ~ r ix , s+ 1l r'jr .$m~ Irk v ~ 14 ~ f ~f¢t? i A 11',171 • ,I ` i .~1~~~ ~ ~1 ','1 I , ' . t .j., z t i~, .r 1, N 1.x,.,,1?1 Il r ~ r ~.dA~'.~~ 'j n r f .gyp L, + 1 V 1 ti' 1 L ` r 0 1 6 4,. VII Mt Ih ? >t /a;v }il''l ltSln'ISa 1 ' ' lle1 i n 1Y t J ~ It ~ ~ 1~ ~ •I r 3' i~'~i I +n w+l\ s i~ y~ tl t, 1,. f A 1. a •'M li ytA i { 4 ism'. X, jf v 11~ W4 04 l~ 1~ r J I f Z , 1 IN , ~Y ~ It' A, 1 1 v.-Y srt,{~I of~.1. ~rQ' _ oil '~li~l ~tA{{{~~~'.`~i~, a , i•i ~~I I1~ ~t k ' r xrl 1„ v NIS'y.•~ N1~ rl - ♦~k 1 V?• .,~4. '1 ~~,7S r.. . I ,.~Il t 1 til 4 ~'f I+f F I "{i r In 1 1..rrv r ,._r l.... lkq 4444 1•. J t`, 1!!!3331 3 111 4( • V ~'i%'a Ali, Q; ' i 1 LAW OrNCIES V7 QeoRoE HOPKINS Mtt 710030 rIRBT 8TAY9 HANK EUROINO DENTON, TEXAS 76501 AREA 0009 017 3418.0614 A N '1 ~UB~ p 138 8O 814 817109A 1909 13EOROE HOMISIt January 28# 1983 RICNARO O. 14AYE9 .7 The Honorable City Council city of Denton Denton, Texas 76201 Ret proposed annexation of a portion of the Andrew Corporation property Gentlement on behalf of the Andrew Corporation, x wish to request the planning and Zoning Commission of the City of Denton and the City Council of the City of Denton to limit the prosent annexation of additional Andrew property to the smallest area possible so as to enable the City to annex land lying north of the Andrew property and intended to be used for a manufactured housing park. In lthe near future it icaLion with the City dof Denton be Andrew's intention to filpi an the annexed app. area be zoned light industrial so as to further establish Andrew's predicate for later annexation of the balance of this tract and later zoning for light industrial purposes. Andrew acquired all its land with the understanding the City of Banton regarded this area to be suitable for light indus- trial development. Andrew regards the area to be suited for light industrial developpment and has the intention that all its land at some point in the future be so zoned. Andrew would be opposed to any zoning in the area of its land which would adversely affect future zoning applications on its behalf seeking light industrial zoning for its tract. Andrew does wish to cooperate with the City in the over-all orderly development of the Mayhill road area but would like for you to keep in mind t 1. Andrew purchased its property for light industrial purposes. The Honorable City council January 28, 1983 Page 2 2, The land is located in an area which has been regarded by the City staff to be suitable for light industrial purposes, 3. That no zoning action be taken which would be inoon- sistent with future light industrial development, 4, That the traffic problems on Mayhill Road be taken into consideration in any zoning applioation. 5, That any traffic into and exiting from the mobile home park, if allowed, be controlled so as to minimize traffic problems, 6. That the City give consideration to looping the water supply in this area so as to improve pressure, Yours very truly, George Hopkins GH t sd cot Ed Petti. Minutes Planning and Zoning Commission January 19, 1983 The regular meeting of the Planning and Zoning Commission of the City of Denton, Texas was held on Wednesday, January 19, 1983, at 5:00 p.m., in the Council Chambers of the Municipal Building. Presents Bill Clgiborna, Ruby Cole, Gary Juren, Robert Lak'orte and Andy Sidor Absents R. B. Escue, Jr. and Marilyn Mays Present from Staffs Jeff Meyer, Director of Planning and Community Developments Charles Watkins, Senior Plannerl David Ellison, Development Review Planned Greg Edwardse City Engineers Earl Jones, Capital Construction Project Coordinator, and Cindy Smith, secretary Chairman Robert LaPorte called the meeting to order. 1. Approval of the minutes of the January 5, 1983 regular meeting. Mr. Sidor referred to page 9 and asked that under 0. para- graph three the sentence reading "The building is to be 14'x14' and all masonite." be changed to read "...and all masonry construction." Mr. Sidor moved to approve minutes of the regular meeting of January 51 1983, with amendment. Seconded by Mr. Juren and unanimously carried. (5-0) 11. ~econsider the annexation of approximately 63 acres along the east side of Mayhill Road immediately north of the Andrew Corporation plant. Mr. Ellison explained request stating that included in that 63 acres to be annexed are 22 acres of Andrew Corporation property and 39.313 acres of property that belongs to Mr. Allan Getz and Mr. John Stockton. The purpose of this dis- cussion is to consider a dirt road which abuts the 39 acre tract belonging to Mr. Getz and Mr. Stockton. The dirt road would be subject to the City of Denton Subdivision Regula- tions and specifically the perimeter street paving ordi- nance. If the property is annexed by the City Council and if zoning is approved fer this particular park Mr. Getz and Mr. Stockton will not only be responsible for providing for half of our road improvements to Mayhill Road, but they l41 nixtes Planning and 7,oning Commission January 19, 1983 Page 2 will, also be responsible for any roqui.rod improvements which include curb and gutter and about five (5) feet of pavement and some other specific material to the dirt road, lie fur- ther said staff has reviewed this situation and feels that: the dirt road is not going to be directly impacted by this development. Basically all ingress--egrose is from Mayhill Road Mr. Duren asked what would the rioat be to improve this road? Greg Edwards answered X60 to $70 a linear foot for a typl.cal residential street, Mr. LaPorte asked how many lots there are? Mr. Ellison replied 279. Tom Jester, representative of the project, spoke in favor of request stating there are 279 lots in the project and ex- plained more in detail of the project, lie said lie feels the dirt road is adequate. He also said the dirt road cannot be reached from the project. He stated the developer is more than willing'to improve the portion of the park that fronts Mayhill Roads there are no outlets from the park other than Mayhill Road. John Stockton, partner of this project, spoke in favor of request. He said there are two reasons why they started this project first, they found a tremendous shortage of mobile home parks and second, manage something for working class people, to operate in such a manner something they could afford yet live in an orderly manner. lie said he feels the property is a good location for a mobile home park; the only thing causing a problem is the dirt road. Martha McIntire spoke in opposition of request. She said the road is a shortcut to town, Mr. Claiborne asked if the county ever made any attempt to grade the road or do any- thing to it? She replied no. Mr. Meyer asked her if any requests had been made to the county commissioner to improve the road? She said no. Bill Bearden rebutted and stated the dirt road had been com-- pletely rebuilt about 15 years ago by the county. Roger Sullivan, owner of the property adjoining this prop- erty, commented he does not think it is good planning to annex the property without annexing the road also. He said he is not voting for or against. He also stated he thinks this will be a nice development. Minutes Planning and Zoning Commission January 19, 1983 Page 3 George Hopkins said he would like to join Mx. Sullivan in his comment. At this time, Mr, Hopkins gave Mr. LaPorte a letter addressed to the Manning and Zoning Commission. Mr. Sidor asked if the tax payers would be paying part of the cost for improvements to the dirt road? Oreg Edwards answered nod they have not in the past, He said the devel- oper would be responsible for halt and the owner ox the property on the other side would be responsible for the other half. Tom Jester commented this annexation petition is by request it was initiated by the City. Bill Nelson commented on the southeast corner of the Getz property there is a crook that goes through 'there. He said there is a drainage problem on that corner. He said if the road is annexed then we will have the drainage problem to deal with. Chair closed the public hearing. Mr. Sidor moved to leave the road in the annexation. Sec- onded by Mr. Jureni he commented he hopes this does not kill the project. Mr. LaPorte made same comment. LMotion unanimously carried. (5-0) III. Public Hearing S-1G5. This is the petition of Mr. Allan Getz requesting a specific use permit for a mobile home park on a tract of land consisting of approximately 39.313 acres located along the east side of Mayhill Road immediately north of property owned by the Andrew Corporation. Mr. Ellison explained request stating seven notices were mailed-to property owners; 2 reply forms were received in opposition, none were received in favor. Tom Jester, representative of the project, spoke in favor stating this would be a first class park. He said it would have concrete streets, and also has good access. Mr. Stockton also spoke in favor stating the same qualities as Mr. Jester. He said there also would be separate sec- tions - adult, child and retirement. - - - - - - - - - CITY COUNCIL, AGENDA BACK-UP SUMMARY SHEET Meeting Dater February 15, 1983 City Council Agenda item # Subject: Adoption of an ordinance annexing a tract of land consisting of 111;72 aores located along both sides of FM 1830 beginning approximately 200 feet south of Hobson Lane, (z-1542) Summary; This is the final step in the annexation process, Adoption of the enclosed ordi- nance and accompanying service plan will complete the process. Action Required: Adoption of the ordinance and accompanying service plan, ADOPTION REQUIRES SIX (6) AFFIRMATIVE VOTES OF THE CITY COUNCIL. Alternatives: 1, Adopt the ordinance and service plan. 2, Reduce the size of the property to be annexed, 3, Disapprove the ordinance. 4. Table for future consideration. Recommendation: The Planning and Zoning Commission recom- mends approval of the annexation by a vote of 4-0, Exhibits: 1. Ordinance 2, Service Plan 3. Map Z. Charles Watkims Senior Planner t AN ORDINANCE ANNEXING A TRACT OF LAND CONTIGUOUS AND ADJACENT TO THE CITY OR DENTON, TEXAS; BEING ALL THAT I.AC TRACT OR PICSL OF LAND CONSISTING OF APPROXIMATELY 111.72 UAW OF LAND 4 INa AND BEING SITUATED IN THE COUNTY OF AENTON STATE pP TEXAS AND BEINQ PART ON THE T, MARTIN SURVEY ABSTRACT NO, 900, AND THE B,B ggB,~ 4 CR,R, COMPANY SURVEY, AB$Ti ACT NO. 198, DENTON COWL~y PROPERTY1 LAAAND iDflCIARINO AN EF aa FECTIVE DATeCULTURAL 'A" DISTkIC~' WHBRRAS, the request for annexation was introduced at a regular meeting of the City Council of the City of Denton, Texas, on the petition of the City of Denton, Texasl and WHEREAS, an opportunity was afforded, at a public hearing hold for that purpose onDecamber 144 I4~2 in the Council Chambers for all Interested persons to state their views and prosent evidence bearing upon the annexation provided by this ordinance) and WHEREAS, an opportunity was afforded, at a public hearing held for that purpose on November 30, 1982 upon the property hereinafter described in this annexation ordinance for all interested persons to state their views and present evidence bearing upon the annexation provided by this ordinance, and WHEREAS, this ordinance has been published in full at least one time in the official newspaper of the City of Denton, Texas, prior to its effective date, and after the public hearings= NOW THEREFORE, THE COUNCIL OF THE CITY OF DENTON, TEXAS, HEREBY 6RDAINSt SECTION I, That the hereinafter described tract of land be, and the same is hereby annexed to the City of Denton, Texas, and the same Is made hereby a part of said City and the land and the present and future inhabitants thereof shall be entitled to all the rights and privileges of other citizens of said City and shall be bound by the acts and ordinan:es of said City now in effect or which m~Ay hereafter be enacted and the property situnted therein shall he subject to and shall bear its proratr. part of the taxes levied by the City, The tract of land hereby annexed is described as follows, to-wits All that eertc,~tt lot, tract or parcel of land 1 ing aid being situated In th; County of per~ ton, State of Texas, and beng par Of, R, Ri,e Cos % anylnS rvay,y, Abstractt No, 196 sand thbeingg~more particularl>p described as follows; Ifing in0 that a e west0irightn ofh way line ofItP M. 18b said point also being the northeast corner of the land as described In Annexation Ordinance No, 81»791 THENCE south 89013' west along the present city limits a distance of 1079,6 feet to a point Qor a corner, some being the Intersection of the land as described in Annexation Ordinance No, 60»40 with the land as described in Annexatlon,Ordinance No, 81.791 THENCE northeasterly along the present city limits, an approxi- mate distance of 1989,23 feet to a point for a corner; along fethe et present limits corner, a sameppboingmthe northwest corner of the land as described in Annexation Ordinance No. 74.61 THU CE south 0007140" west along the present city limits a distance of 1231 foot to a point same being the southwest corner of the land as described in Annexation Ordinance No, 74-6 and the northwest corner of the land as described in Annexation Ordinance No. 79.61; THENCE south 0007143" west along the present city limits an approximate distance of 350 foot to a point for a corner, same being the northeast corner of the land as described in Annexation Ordinance No, 80.12; THENCE south 89034146" west along the present city limits a distance of 2616,76 feet to a point for a corner, said point lying in the east right of way line of P.M. 1830; THENCE south 10191 east along the present city limits and the east right of way line of P.M, 1830, a distance of 40.91 feet; THENCE south 89046135" west a distance of 40 feet to a point for a corner, said point lying In the centerline of P.M. 18301 THENCE south 005414011 east along the centerline of P.M. 1830 an approxiate distance of 355 feet to a point for a corner, same being the easterly northeast corner of the land as described In Annexation Ordinance No, 81.791 distancenoft40 £eet3to aepointlfor atcorneresent city iiaits a THENCE north 005414011 west along the present city limits a distance of 576,42 feet to the place of beginning and containing 111,72 acres of land, more or less. SECTION rl, The above described property is hereby classified ao Agricultural "A" District and shall so appear on the officlal zoning map of the City of Denton, Texas, which map is hereby amended accordingly, SECTION III, This ordinance shall be effective immediately upon its passage, Introduced before the city Council on the 4th day of January, 1983. PASSED AND APPROVED by the City Council on the -lath lay of Vebruary, 1983, CITY OF DBNTON, TBfAS ATTBSTj VICKI W4STLINI DBPUTY CITY SECRETARY CITY OF DENTON, TEXAS APPROVED AS TO LEGAL PORMi Co J. TAYLOR, J12., CITY ATTORNEY CITY OF DENTON, TEXAS BY., r S PLAN OF SERVICE FOR ANNEXED AREA CITY OF DENTON TEXAS WHEREAS, Article 970a as amended requires that a plan of service be adopted by the governing body of a city prior to passage of an ordinance annexing an area; and WHEREAS, the City of Denton is contemplating annexation of an area which is bounded as shown on a map of the proposed annexation, NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS; Section 1, Pursuant to the provisions of Article 970a as amended, Texas Code Annotated, there is hereby adopted for the proposed annexation area the following plan of service; r I, Basic Service Plait A, Police (1) Patrolling, radio responses to calls, and other routine police services, using present personnel and equipment, will be provided on the effective date of annexation; (2) Traffic signals, traffic signs, stroet markings, and other traffic control devices will be installed as the need therefore is established by appropriate study and traffic standards. B. Fire (1) fire protection by the present personnel and equip- ment of the fire fighting force, will be provided on the effective date of annexation, C. Water (1) Water for domestic, commercial and industrial use will be provided at city rates, from existing city lines on the effective date of annexation, and thereafter from new lines as extended in accordance with article 15,06 of appendix A of the code of the City of Denton, Texas, D. Sewer (1) Properties in the annexed areas will be connected to sewer lines in accordance with article 15,06 of appendix A of the code of the City of Denton, Texas, E. Refuse Collection (1) The same regular refuse collection service now pro- vided within the city will be extended to the annexed area within one month after the effective date of annexation, Sorvtoe Plan Annexed Areas page two F, Streets (1) Rmergenoy maintenance of streets (repair of hazardous chuckholes, measures necessary for traffic flow, etc,) will begin on the effective date of annexation, (2) Routine maintenance on the same basis as in the present city, will begin in the annexed area on the effective date of annexation, (3) Reconstruction and resurfacing of streets, installa- tion of storm drainage facilities, construction of curbs and gutters, and other such major improvements, as the need therefore is determined by the governing body, will be accomplished under the established policies of the city, a, Inspection Services (1) Any inspection services now provided by the city (building, electrical, plumbing, gas, housing, sanitation, etc,) will begin in the annexation area on the effective date of annexation, H. Planning and Zoning (1) The Planning and zoning jurisdiction of the city will extend to the annexed area on the effective date of annexation, City planning will thereafter encompass the annexed area, I, Street Lighting (1) Street lighting will be installed in the substan- tially developed areas in accordance with the established policies of the city, J. Recreation (1) Residents of the annexed area may use all existing recreational facilities, parks, etc,, on the effec- tive date of annexation. The same standards and policies now used in the present city will be fol- lowed in expanding the recreational program and facilities in the enlarged city. K. Electric Distribution (1) The city recommends the use of City of Denton for electric power. Service Plan Annexed Areas Page three h, Miscellaneous (1) Street name signs where needed will be installed within approximately 6 months after the effective date of annexation, II, Capital Improvement Program (CIP) The CIP of the City consists of a five year plan that is up- dated yearly, The Plan is prioritized by such policy guide- lines as; (1) Demand for services as compared ~o other areas based partly on density of population, magnitude of problems compared to other areas, established technical standards and professional studies, and natural or technical restraints or opportunities, (2) Impact on the balanced growth policy of the city, (3) Impact on overall city economics, The annexed area will be considered for CIP planning in the upcoming CIP plan, which will be no longer than one year from the date of annexation. In this new CIP planning year the annexation area will be judged accordingly to the same established criteria as all other areas of the city. ( 1~ ti 1 r 1 , " A i -q 1 11 1. "r a+111. F' 1. I,+N(I!'rl t~j.., t. •7~' • r,'.17 ~+~/T `fe. `t ti R~~. ~~1 1 77 ~`e!Y lti sift„. ~t • . ~ azi` T ~I, . r X11 ( 1 ~~Ir 1 try SI• i 1 ~ 1 ~t,+ 11 ~ jf~• ' ~y v • 1' 1 ~ I t l1+~~ r 14 Y K 1 111/' fl ICY 014 It of r•,tl ~f. ~•,'N71 fr. Y t 1 , t Y~~+ It 4 163 ,q r' ,r ve f • pw f r • a~+ +V I' ~ w ~ .y 'y1'1 A ~ t'l., ,,~1' f♦ r'I'. ..11-, ~ ~ 1 ~~+~I r 1 1 ti~ii~ yy + Ye^ L 1 4 i .a, V , + yIC r r K1+ ryy i ' t~~"1 ri• 10 , 44 let* Re',p~, + Its 'r, i rl ~ ~r r 1 ~ ~ I ~ M.•r...l . WIt 1 S" , ~ . M 4 ~ wCi ■ nr+gly' 1 f 1~ 1'` r 1. 1 4 ' rfy R+ ,r' 1 r~~ j •a hr { ~y ~ J ~ 1'r ~ 5 , ~ 1 CITY COUNCIL AGENDA BACK-UP SUMMARY SHEET Meeting Dare; February 15, 1983 City Council Agenda Item # Subject; Adoption of an ordinance annexing a tract of land consisting of 121„12 acres begin- ning appproximately 1,800 feet east of Mayhill Road in the center line of Edwards Road, (Z-1549) Summaryi This is the final step in the annexation process, Adoption of the enclosed ordi- nance and accompanying service plan will complete the process. Action Required; Adoption of the ordinance and accompanying service plan. ADOPTION REQUIRES SIX (6) AFFIRMATIVE VOTES OF THE CITY COUNCIL. Alternatives; 1. Adopt the ordinance and service plan, 2, Reduce the size of the property to be annexed, 3. Disapprove the ordinance. 4. Table for future consideration. Recommendation: The Planning and Zoning Commission recom- mends approval of annexation by a vote of 5-0. Exhibits; 1, ordinance 2. Service Plan 3. Map Charles Watkins Senior Planner AN ORDINANCE ANNEXING A TRACT OF LAND CONTIGUOUS AND ADJACENT TO THE CITY OF DENTON, TBXASh BIINO ALL THAT LOT TRACT OR PARCEL OF LAND CONSISTING OF APP OX MATBLY 121,12 ACES OF LAND LYING AND BEING SITUATED IN THE COUNTY OF DENTON STATE OF TEXAS AND BEING PART OF THE 0, WALKER SURVEY, ABSTRACT NO, 1330 DENTON COUNTY TEAASS CLASSIFYING THE SA`4S AS AGRICULTURAL "A" DISTRICT PROPERTY; AND DECLARING AN BPFECTIVE DATE, WHEREAS, the request for annexation was Introduced at a regular meeting of the City Council of the City of Denton, Texas, on the petition of the City of Denton, Texasl and WHEREAS, an opportunity was afforded, at a public hearing hold for -that purpose on Deaembex 14;1g82tn the Council Chambers for all interested persons to state their views and present evidence bearing upon the annexation provided by this ordinance) and WHEREAS, an opportunity was afforded, at a public hearing held for that purpose on November 30, 1982 upon the property hereinafter described in this annexation ordinance for all interested persons to state their views and present evidence bearing 'upon the annexation provided by this ordinances and WHBREAS, this ordinance has been published In full at least one time in the official newspaper of the City of Denton, Texan, prior to Its offective date, and after the public hearings; NOW THEREFORE, THE COUNCIL OF THE CITY OF DENTON, TEXAS, HEREBY 6RDAINSI SECTION 1, That the hereinafter described tract of land be$ and the same is hereby annexed to the City of Denton, Texas, and the same 1s made hereby a part of said City and the land and the present and future inhabitants theroof shall he entitled to all the rights and privileges of other citizens of said Cfty and shall be bound by the acts and ordinances of said City now in effect or which may hereafter be enacted and the property situated therein shall be subject to and shall bear its prorata part of the taxes levied by the City. The tract, of land hereby annexed is described as follows, to~witt All that certain lot, tract or parcel of land lying and bein ogtuthe Inthe CWalkerofSurvey,t' AbSta of stract Toxass and 1330 bandg morg more particularly described as followsi BUINNINO at a point in the existing city limits as established by Ordinance 81.94, said point being the southeast corner of a , tract of land conveyod to the City of Denton by deed recorded in Volume 899, Page 786 of the Deed Records of Denton County, Texas; i HNCO down the middle of Penan Craggk with its meanders the following 9 course; and distances (1) south 86001124" east 413,93 feet; (2) north 74058149" east 80,29 feet; (3) south 68045'03" east 41,40 feet; (4) south 90484S0" west 82,92 foot) (5) south 10002'01" west 74,50 feet; (6) south' 14019west 55.15 feet; (7) south 4010132" west 62,13 eet (8) south 101513411 east 130.39 feet; (g) south 3702 11511 east 26.28 feet to a point for a corner; THENCE south 4011122" west a distance of 744.55 feet to a point for a corner; THENCE north 87011136" west a distance of 2405,17 feet to a point for a corner; THENCE north 1041108" east a distance of 541,96 feet to a point for a corner; THENCE north 87037154" west a distance of 831.02 feet to a point for a corner; THENCE north 88015145" west a distance 'of 792,29 feet to a point for a corner; THENCE north 1009120" east a distance of 1308,77 feet to a point for a corner in an east and west public road; THENCE south 88000'30" east with said road a distance- of 1144,37 feet to a point for a corner; THENCE south 0056143" west a distance of 122,75 feet to a point for a corner; THENCE south 74005101" east a distance of 2482.54 feet to the place of beginning and containing 121.12 acres of land, more or less. SECTION II, The above 'described property is hereby classified as Agricultural "A" District and shall so appear on the official zoning map of the City of Denton, Texas, which map is hereby amended accordingly, SECTION CIT. This ordinance shall be effective Immediately upon its passage, Introduced before the City Council on the M4 day of ,'?anuary, ;I9LB3, PASSED AND APPROVED by the City Council on the 15..'hday of F'abrumry,-1983, CITY rC OF 0 DENT,` CITY OF ON, TAAS ATTHM DEPUTY CITY SECRETARY CITY OF DENTON, TBXAS APPROVED AS TO LEGAL PORM3 C. J, TAYLOR JR „ CITY ATTORNEY CITY OF DENT6N, TEXAS PYI ' PLAN OF SERVICE FOR ANNEXED AREA, CITY OF DENTON, TEXAS WHEREAS, Article 970a as amended requires that a plan of service be adopted by the governing body of a city prior to passage of an ordinance annexing an area; and WHEREAS, the City of Denton is contemplating annexation of an area which is bottnded as shown on a map of the proposed annexation, NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS; Section 1, Pursuant to the provisions of Article 970a as amended, Texas Code Annotated, there is hereby adopted for the proposed annexation area the following plan of service; I, Elasio Service Plan A. Police (1) Patrolling, radio responses to calls, and other routine police services, using present personnel and equipment, will be provided on the effective date of annexation; (2) Traffic signals, traffic signs, street markings, and other traffic control devices will be installed as the need therefore is established by appropriate study and traffic standards, B, Fire (1) Eire protection by the present personnel and equip- ment of the fire fighting force, will be provided on the effective date of annexation, C. Water (1) Water for domestic, commercial and industrial use will be provided at city rates, from existing city lines on the effective date of annexation, and thereafter from new lines as extended is accordance with article 13,06 of appendix A of the code of the City of Denton, Texas, D. Sewer (1) Properties in the annexed areas will be connected to sewer lines in accordance with article 13,08 of appendix A of the code of the City of Denton, Texas, E. Refuse Collection (1) The same regular refuse collection service now pro- vided within the city will be extended to the annexed area within one month after the effective date of annexation. Service Plan Annexed Areas Page two F. Streets (1) Emergency maintenance of streets (repair of hazardous chuckholes, measures necessary for traffic flow, etc,) will begin on the effective date of annexation, (2) Routine maintenance on the same basis as in the present city, will begin in the annexed area on the effective date of annexation, (3) Reconstruction and resurfacing of streets, installa- tion of storm drainage facilities, construction of curbs and gutters, and other such major improvements, as the need therefore is determined by the governing body, will be accomplished under the established policies of the city. 0, Inspection Services (1) Any inspection services now provided by the city (building, electrical, plumbing, gas, housing, sanitation, etc.) will begin in the annexation area on the effective date of annexation. H. Planning and Zoning (1) The Planning and Zoning jurisdiction of the city will extend to the annexed area on the effective date of annexation, City planning will thereafter encompass the annexed area. I. Street Lighting (1) Street lighting will be installed in the substan- tially developed areas in accordance with the established policies of the city, J. Recreation (1) Residents of the annexed area may use all existing recreational facilities, parks, etc., on the effec- tive date of annexation. The same standards and policies now used in the present city will be fol- lowed in expanding the recreational program and facilities in the enlarged city. K, Electric Distribution (1) The city recommends the use of City of Denton for electric powor. Service Plan Annexed Areas Page thrse L. Miscellaneous (1) Street name signs where needed will be installed within approximately 6 months after the effeotive date of annexation. II. Capital Improvement Program (CIP) The CIP of the City consists of a five year plan that is up- dated yearly. The Plan is prioritized by such polioy guide- lines as; (1) Demand for services as compared to other areas based partly on density of population, magnitude of probloms compared to other areas, established technical standards and professional studies, and natural or technical restraints or opportunities. (2) Impact on the balanced growth policy of the city, (3) Impact on overall city economics. The annexed area will be considered for CIx planning in the upcoming CIP plan, which will be no longer than one year from the date of annexation. In this new CIP planning year the annexation area. will be judged accordingly to the same, established or ft eria as all other areas of the city, • r 1 f, r'~~M ~1 'y~;.'pI"N' ( r app"; h ~,y4 rai~f ~h, YIA~~k~~'~ {~V~~ r. 4;'~nf ~ ~~al~~. ~ ail J 5, ~Ayy ~ . k~l`~r( ~ A j' '~a 1 ~ {1~ ~1 ~ 11 ~h '4~~ .V~ ~i~ J.~ M ~~'J r ~F~ 5t~^~1 V' ~"~~~1 •1 l `~In f / nl I . ,{tea R 1 r.'4 ~ • ~ ~ 1 N i 1 / ' . ~ h'~~ ) ;1fFiAA' F a ^I~ d •~~J~ } ~~j{~bit~ ~7i1}~~k~ R +4i`,~ y , i { r, \7j 1^>MY i~ ~ I'Y,J, ~ ZL1) "5 ~`~S i ~ { ~ 1 f~ , r' rK)fi'k'' •r e>,'~7 .J , if ~J'~n i, • 7 3.~v ~ , J , 3'~~~~,~ ~ q-e~i 1K~t kJ+ ~ e !I f.I , ~ 01 J~~>.' p PY~ ' b. , ~ I I •4.v..M, 1 • Ii:4~~ - wT•L~ ' ti' 4 J I {I l i'" 5 4t 1~"Y yT • 17~fN~S',{~ M 4 I pp~~,, J f Y a R1 ~ . ~'pf~~ '~~[-A: I~j r~V~'Y1 I~ . r y,~ 1~ ~ fs1k, ~`4 ' ~~V ~M'' y r , y.11Y iArl `r ty J r` A / 11 ,i 4~A (r 1 { i ( P , 4 v r - < J. 1 44 NIX '1 I , ~~yy~1 , ~a 1 I'~i .~i { 5 y1. ~ ]J 'i'~,\. Y ~~'N.I;1{ 'r ;5j'.. Si I '•iF Y~~ + ! ^ Ih ,~T 1! 6'^ i s k \,,:~i.~ Al TA JI I 4'¢vV9=•R'Ak Ali, - k'J 1 if I w MA, Yttr~'I~r yy4 RYA f' ~~~Ja 4,~ I ~ v An .I,l~:Wa, ~.4~ii it 1~ F~ i "~z S F~ + ~rr'• ~ 1 :~,a .i;. ~'"~u1 ` 1 ♦ f, 5 ( '1L v ,fie. ^I L' 'A\,` , ~ {j~1 i - It ~y11 ff~ V • { r ' 4~'y, IA. I•. ' 6I#V • 1' 1 'J' a~!J J\' 'V .il ! {1 l 1 "i: ~f f c~A'G . 1 tier' Ir. I t' v. I~~~r f yy / i ~~t~5.-p • J~j'~.r1 a l ~r'A~: ~,f J.f'' 1 ~y `l.~!~/~]y~~ , ~ 5 . r~~~ ~ r}A ! 1•/~ Tkrh ~l 1 'ti rt Y ~{I, I v ~ ~ .WSJ a t•1If ' , ~ y / , i~.4 , 'ff ~.'IJ' N~eM ~A.AM Nf .ir''~~ ~r~ 11~A4 N~.•. ~ a' kv:f .A~, ' 1. ~ ` ~5 a ~ 1 pJ r ! i~t r-l" View 11 1 { to l ty~ r a 1T~h'i r dl d ~ { q At fit. • •i, I~~f~^ {~1^~~f} ~~VI ~ ~ •5gw'l.: . CITY COUNCIL AGENDA BACK-UP SUMMARY SKEET Meeting Date: February 15, 1983 City Council Item # Subject;: Adoption of an ordinance annexing a tract of land consisting of 24,6 acres-looated immediate) east of the Denton Wastewater Treatment ~lant. (Z-1550) Summary: This is the final step in the annexation process, Adoption of the enclosed ordi- nance and accompanying service plan will complete the process, Action Required: Adoption of the ordinance and accompanying service plan, ADOPTION REQUIRES SIX (6) AFFIRMATIVE VOTES OF THE CITY COUNCIL. Alternatives: 1, Aiopt the ordinance and service plan, 2, Reduce the size of the property to be annexed, 30 Disapprove the ordinance, 4. Table for future consideration, Recommendation: The Planning and Zoning Commission recom- mends approval of annexation by a vote of 5-0. Exhibits: 1, Ordinance 2, Service Plan 3, Map Charles Watkins Senior Planner AN ORDINANCE ANNEXINO A TRACT OF LAND CONTIGUOUS AND ADJACENT TO THE CITY OF DENTON, TEXAS; 0E1NO ALL THAT LOT TRACT OR PAROEL OF LAND CONSISTING OF APPROXIMATELY 24,605 ACMES OF LAND LYING AND BEING SITUATED IN TUB COUNTY OF DENTON STATE OF TEXAS AND EEINO PART OF THE G, WALKER SURVEY ABSTRACT NO. 1130 DEN ON COUNTY, TEXAS; CLASSIFYING THE SAKB XS AORICULTURAL "A" bISTRICT PROPERTY, AND DECLARING AN BFFECTIV8 DATE, WHEREAS, the request for annexation was introduced at a regular meeting of the City Council of the City of Denton, Texas, on the petition of the City of Denton, Texas; and WHEABAS, an opportunity was afforded, at a public hearing held for that purpose onDeaeaiber 19,1982in the Council Chambers for all interested persons to state their views and present evidence bearing upon the annexation provided by this ordinance; and WHEREAS, an opportunity was afforded, at a public hearing held for that purpose on November 30, 1082 upon the property hereinafter described in this annexation ordinance for all interested persons to state their views and present evidence bearing upon the annexation provided by this ordinance; and WHEREAS, this ordinance has been published in full at least one time in the official newspaper of the City of Denton, Texas, prior to I:s effective date, and after the public hearings; NOW THEREFORE, THE COUNCIL OF THE CITY OF DENTON, TEXAS, HEREBY 6RDAINS: SECTION 1. That the hereinafter described tract of land be, and the some is hereby annexed to the City of Denton, Texas, and the some is made hereby a part of said City and the land and the present and future inhabitants thereof shall be entitled to all the rights and privileges of other citizens of said City and shall be bound by the acts and ordinances of said City now in effect or which may hereafter be enacted and the property situated therein shall be subject to and shall bear its prorate part of the taxes levied by the City. The tract of land hereby { annexed 1s described as follows, to-wits All that certain lot, tract or parcel of land lying and being situated in the County of Denton, State of Texas, and being part of the 01doon Walker survey, Abstract No. 1330 and more particularly described as follows) MUM ING at a point in the present city limits as established by Ordinance 81-94, said point being the northwest corner of a tract of land conveyed to the City of Denton by deed recorded in Volume 463, page 260 of the Dead Records of Denton County, Texas; THENCE north 6504511211 west along the present city limits a distance of 95,30 feat to a point for a corner in Pecan Creek= THENC9 along the middle of pecan Creek the following 1¢ courses and distances; (1) north 71018;35" oast 490.74 feet; t2) south 73041'41" east 173.01 feet; (3) south 61048'26" aqst 297175 feet(4) south 49016'23" east 79.11 feet; (S) south 81)3$149" east 243.12 feet (6) south 3104911181 east 169,01 Coati (7) south 85055'1" east 223.65 fast; (a) south 440191491, east 137,92 Coati (9) south 48006'12" east 242,88 foot! (10) south 420281281} east 89.0 feet; (11) south 6004 26,(10 6" west 108,62 feet; (12) south 2501514511 west 70,50 feet; (13) south 51044'5111 west 187,94 feet; (14) south 12043127" west 301,18 fast; (15) south 52011'" west 93,32 feet; (16) south 41041108" west 244,97 fast to a paint for + corner in the present city limits; THENCE north 4805211311 west along the present city limits a distance of 712,26 fast to a point for a corner, same being the southeast corner of said City of Denton Tract) THENCE' norc'n 10541 east along said city tract east boundary line, same being the present city limits, a distance of 980.70 feet to a point for a corner; THENCE north 76006' west along said city tract northeast boundary line same being the present city limits, a distance of 220 feet to a point for a corner; THENCE north 10541 east along the northerly east boundary line of said city tract, same being the present city limits, a distance of 215.0 feet to a point for a corner; THENCE south 67054' west along the northerly boundary line of said city tract, same being the present city limits a distance of 388,7 feet to the place of beginning and containing 24.605 acres of land, more or less. SECTION 11. The above described property is hereby classified as Agricultural "A" District and shall so appear on the official zoning map of the City of Denton, Texas, which map is hereby amended accordingly, SECTION 111. This ordinance shall be effective immediately upon its passage. Introduced before the City council on the 9th day of January, 19$3,, PASSED AND APPROVED by the City CoundI on the lSth day of Vebruary, -1.983 , UMWAR' CITY OP DBNTON, TE='wr ATTBSTt APL DEPUTY CITY SECRETARY CITY OP DENTON$ TH;fAS APPROVED A$ TO LEDAL PORMt C. J. TAYLOR JR., CrTY ATTORNEY CITY OP DENTaN, TEXAS BY I t PLAN OF SERVICE FOR ANNEXED AREA CITY OF DENTON TEXAS WHEREAS, Article 970a as amended requires that a plan of service be adopted by the governing body of a city prior to passage of an ordinance annexing an area; and WHEREAS, the City of Denton is contemplating annexation of an area which is bounded as shown on a man of the proposed annexation, NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS; Section 1. Pursuant to the provisions of Article 970a as amended, Texas Code Annotated, there is hereby adopted for the proposed annexation area the following plan of service; 1. Basic Service Plan A. Police (1) Patrolling, radio responses to calls, and other routine police services, using present personnel and equipment, will be provided on the effective date of annexation; (3) Traffic signals, traffic signs, street markings, and other traffic control devices will be installed as the need therefore is established by appropriate study and traffic standards. B, Fire (1) Fire protection by the present personnel and equip- ment of the fire fighting force, will be provided on the effective date of annexation. C. Water (1) Water for domestic, commercial and industrial use will be provided at city rates, from existing city lines on the effective date of annexation, and thereafter from new lines as extended in accordance Ivith article 13.06 of appendix A of the code of the City of Denton, Texas, D. Sewer (1) Properties in the annexed areas will be connected to sewer lines in accordance with article 13.06 of appendix A of the code of the City of Denton, Texas. E, Refuse Collection (1) The same regular refuse collection service now pro- vided within the city will be extended to -the annexed area within one month after the effective date of annexation. Service Plan Annexed Areas Page two F, Streets (1) Emergency maintenance of streets (repair of hazardous chuckholes, measures necessary for traffic flow, eta,) will begin on the effective date of annexation. (2) Routine maintenance on the same basis as in the present city, will begin in the annexed area on the effective dato of annexation, (3) Reconstruction and resurfacing of streets, installa- tion of storm drainagol facilities, construction of curbs and gutters, and other such major improvements, as the need therefore is determined by the governing body, will be accomplished under the established policies of the city, G. Inspection Services (1) Any inspection services now provided by the city (building, electrical, plumbing, gas, housing, sanitation, etc,) will begin in the annexation area on the effective date of annexation. H, planning and Zoning (1) The Planning and Zoning jurisdiction of the city will extend to the annexed area on the effective date of annexation. City planning will thereafter encompass the annexed area, I. Street Lighting (1) Street lighting will be installed in the substan- tially developed areas in accordance with the established policies of the city, J, Recreation (1) Residents of the annexed area may use all existing recreational facilities, parks, etc,, on the effec- tive date of annexation. The same standards and policies now used in the present city will be fol- lowed in expanding the recreational program and facilities in the enlarged city, K. Electric Distribution (1) The city recommends the use of City of Denton for electric power, Service Plan Annexed Areas Page three 14 Miscellaneous (1) Street name signs where needed will be installed within approximately 6 months after the effective date of annexation, II, Capital Improvement Program (CIP) The CIP of the City consists of a five year plan that is up- dated yearly, The Plan is prioritized by such policy guide- lines as; (1) Demand for services as compared to other areas based partly on density of population, magnitude of problems compared to other areas, established technical standards and professional studies, and natural or technical restraints or opportunities. (2) Impact on the balanced growth policy of the city, (3) Impact on overall city economics. 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( r' r I r ,rdiJ r~ff y I F1~~, 111,1 Vr 1 ~f }r i b '1 .4 • V J 1~ ♦ 11 } t .r ,{'r.~ r fi 7~ S 1{ S I t. ~~"2a `S c+,P~; ' ~'s ~i 2[ •SAI C r M 1 ~ , '.x"R i~PT•',~.•t ~r J ~ 'Tl '~~4. ~r,(%`. q 1, j^7~J S,'~, f 'Tel I . r, . 1 VSO ' T. i. s ~ ~ ~ ~ r ~ ~ iff is ~ r ,~1 •1 r r ~ k ll~i~J{' 1'y K~I!';. I •y , ' I yip' , -Y Q . f ~ ,7 t. q 1 y* ✓i fh' l ;i~rJ : ' ~r'4 Y +!f_'~ t, i Uu"W`st "Ilk 1 a,r•~. 'r • . r ll~~t~ + a,: RV- 'i1 ~i rti l' Y(t/tY3p.~M" ~ y , ~'^rh 4 'f~nf ~ ,yr~ 1f ~r~~la `d1'4+ 'am fo Cr~ x ! pr r tl~i, I~' ~ Mi~i,~,. ~,j.d'I~"ro ~sl~r4 tr r~ ji~;,{w. ~ I i 1 NO, i AN ORDINANCE CALLING AND ORDERING AN ELECTION TO BE HELD IN THE i CITY OF DA,NTON, TEXAS, ON APRIL 2, 19831 FOR THE PURPOSE OF ELECTING FOUR COUNCILPERSONS TO THE CITY COUNCIL OF THE CITY OF DENTONr TEXAS FOR PLACES It 21 3 AND 41 ORDERING THAT THE PUNCH CARD ELECTRONIC VOTING SYSTEM ADOPTED BY DENTON COUNTY BE USED IN SAID ELECTION) PROVIDING FOR VOTING PLACES AND APPOINTING ELECTION OFFICIALS AND PROVIDING FOR ELECTION SUPPLIES, f THE COUNCIL OF THE CITY Ob DENTON, TEXAS, HEREBY ORDAINSI III S1.CTION I , j Pursuant to the terms and provisions of Section 3.01 of the l Charter of the City of Denton, Texas, a municipal election is % i, hereby ordered held in the city of Denton, Texas on the 2nd day j of April, 1953, for the purpose of electing four (4) council- persons to the City Council of the City of Denton, Texas, as ' followsl Place 2 - Counoilperson to be elected for a two (2) year term by the qualified voters of Single Member District No, 1 of the City of Denton, Texas. Candidates for Place No, 1 must reside in single Member District No4 1, Place 2 - Counoilperson to be elected for a two (2) year term by the qualified voters of single Member District No. 2 of the City of Denton, Texas, Candidates for Place No, 2 mutt reside in Single Member District No, 1. Place 3 - Counailperson to be elected for a two (2) year term by the qualified voters of single Member District No, 3 of the City of Denton, Texas. Candidates for Place 3 must reside in Single i Member District No, 3, Place 4 - Councilperson to be elected for a two (2) year 1 term by the qualified voters of Single Member District No, 4 of the City of Denton, Texas, Candidates for Place No. 4 must reside in Single Member District No, 4. SECTION II. The polls for said election on April 2, 193 shall be open from 7100 A.M, to 7:00 P.M„ and the election voting places or polling places shall be as follows$ 1. All qualified voters residing in Single Member District No. 1 shall vote ats AMERICAN LEGION HALL 629 LAKEY STREET DENTON, TEXAS PAGE ONE i All qualified Voters residing in Single Member District No, 2 shall vote at: "j FIRE STATION NO. 4 2110 SHERMAN DRIVE DENTON, TEXAS 3. All qualified voters 'residing in Single Member District No, 3 shall vote at: NORTH LAkES RECREATION CENTER 2001 WEST WINDSOR DRIVE DENTON, TEXAS 4. All qualified voters residing in Single Member District No. 4 shall vote at: DENIA PARK RECREATION CENTER 1001 PARVIN DENTON, TEXAS SECTION III, The election officials for said election on April 3, 1982 . r shell be as followss 1, (a) Oon Pickens shall be the Presiding Judge at the Central Counting Station. (b) Joann Oarbauik shall be the Manager of the Central Counting Station. (o) Marilyn Robinson shall be the Tabulation Supervisor at the Central Counting Station, i 2. Jo Luker shall be the Presiding Judge at the American Legion Hall in Single Member District No, 1. 3, Mary Jo Pickens shall be the Presiding Judge at the Trinity Presbyterian Church in Single Member j District No, 2, 4, Lea Knox shall be the Presiding Judge at the North Lakes Recreation Center in Single Memtar District No. 3. 5. Mrs, R, 8, Esoue, Jr, shall be the Presiding Judge at Dania Park Recreation Center in Single Member { District No, 4. 6. Charlotte Allen, City Secretary shall conduct absentee voting under the Texas Eleot'•on Code, The respective Presiding Judge of each voting Place and the I j Central Counting Station shall be authorized to appoint a sufficient number of Clerks as they may deem necessary to assist them in sold election, including bilingual ;assistants as required by law, PAGE TWO 1 SECTION- LVI Absentee voting shall be oonduotud by the Office of the city secretary in the municipal building on East McKinney Street in the City of nenton, Texas, and the polls for absentee voting shall be open for voting in person between the hour of 810u A.M. and 5100 P,M. Monday through Friday during the times allowed for absent. voting. SECTION V. The City Secretary is hereby authorized to prepare the official ballot for said election and perform each and every act required by the Charter and laws of the State of Texas for holding elections, i~ SECTION VI, It is further ordered that the punch card electronic voting { system adopted by Denton County be used in said election in I accordance with the term and provisions of Artiole 7,15 of the i Texas Election Code. The punch card electronic voting system ( shall be used for absentee voting in person and by mail, PASSED AND APPROVED thts the 15th day of February, 1983. RICHARD T 'W , CITY OF DENTON, TEXAS I ATTESTi I CHARLOTTE A E p CITY SECRETARY CITY OF DENTON, TEXAS i APPROVED AS TO LEGAL FORM C. J. TAYLOR, JR., CITY ATTORNEY CITY OF DENTON, TEXAS i i HYt i i PAGE THREE 1 N0. 1111 AN ORDINANCE AMENDING ORDINANCE NO, 82-82 TO RESCIND THE NO PARKING ON THE NORTH SIDE OF CHAMBERS STREET FROM ITS INTER- SECTION WITH DALLAS DRIVE TO ITS INTERSECTION WITH CLIFTON STREET} PROVIDING NO PARKING ON THE SOUTH SIDE OF CHAMBERS STREET FROM ITS INTERSECTION WITH DALLAS DRIVE TO ITS INTER- SECTION WITH CLIFTON STREET} AND PROHIBITING THE PARKING OF VEHICLES ON THE WEST SIDE OF CLIFTON STREET FROM ITS INTER- SECTION WITH DALLAS DRIVE TO ITS INTERSECTION WITH CHAMBERS STREM PROVIDING A SEVERABILITY CLAUSEI PROVIDING A PENALTY NOT TO EXCEED TWO HUNDRED DOLLARS) AND DECLARING AN EFFECTIVE DATE, THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAINSI SECTION T, Station I of Ordinance No, 82-82 is hereby amended to read as followel When signs are treated giving notice thereof, no person shall park a vehicle at any time upon the following street in the City of Denton to-wits The south side of Chambers street from its inter- section with Dallas Drive to its intersection with Clifton street, The West side of Clifton Street from its inter- section with Dallas Drive to its intersection with Chambers Street. ' SECTION IT, The provisions of section I prohibiting the parking of vehicles shall apply at all times to the street and part of i . streets designated therein except when it is necessary to stop a i lI vehicle to avoid conflict with other traffic or in compliance with the direction of a police officer or official traffic 1 control device, SECTION TIT, Any person adjudged guilty of parking a vehicle in violation of this ordinance shall be guilty of a misdemeanor and punished by a fine not to exceed Two Hundred Dollars ($200.00). j SECTION TV, j That if any section, subsection, paragraph, sentence, olause, phrase or word in this ordinance, or application thereof PAGE ONE 1 + + to aoy person or circumstance is held invalid by any court of competent Jurisdiction, such holding shall not affect the i validity of the remaining portions of this ordinanoe, and the I City Counoil of tht: City of Denton, Texas, hereby declares it would have enacted such remainin J g portions despit@ any such invalidity, SECTION V, That this ordinance shall become effective fourteen .(14) days from the date of its passage, and the City Secretary is { hereby directed to cause the caption of this ordinance to be published twice in the Denton Reoord-Chronicle, the official j newspaper of the City of Denton, Te%aa, within ten (10) days of the date of its passage. PASSED AND APPROVFD this the 19th day of February, 1983, i CITY OF DENTON, TEXAS II~ I ATTEM I CHARLOTTE ALLEN, CITY SECRETARY CITY OF DENTON, TEXAS APPROVED AS TO LEGAL FORMt C. J. TAYLOR, JR.i CITY ATTORNEY CITY OF DENTON, TEXAS SYt + { PAGE TWO 1 RESOLUTION N0, A RESOLUTION SUPPORTING THE ENACTMENT OF HOUSE BILL 194 AND URGING ALL ELh;C'Prr) OFFICIALS IN THE STATE OF TEXAS TO PASS SAID LEGISLATION AND THE GOVERNOR OF THE STATE OF TEXAS TO SIGN THE SAME, WHEREAS, heretofore provioalsly, House Bill 194 has been filed and is currently before the House of Representatives of the state of Texasl and WHEREAS, said legislation has been submitted to the gen- eral convention of the Texas Municipal Leagued and WHEREAS, the Resolutions Committee of the Texas Municipal League unanimously approved said legislation, and the General Assembly of the Texas Munioipal League likewise approved said legislations and WHEREAS, House Bill 194 provides needed flexibility for cities in the State of Texas to assist the property owners and residents in said oities in securing replaoement of Sanitary sower laterals when the same becomes necessary because of the relocation and/or replacement of sanitary sewer mains and WHEREAS, the health, safety and well-being of every person in any city in the State of Texas is dependent upon an efficient system for the transportation of sewage and wastewater productsl and WHEREAS, It may be totally impossible for a resident of a city, faced with an expenditure of in excess of $1,000,00, to secure a low-cost loan for the money necessary to accomplish such replacement of a sewer laterals and WHEREAS, the residents of Texas cities are fully protected under the terms of such legislation by reason of their options to withdraw in the event the cost for such work la excassivej NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DHNTON TEXASt 1, That the City of DHN_.TON Texan does support and urge the passage of House Bill 194 currently pending in the Texas Clouse of Representatives, having boon hereto- fore previously introduced by Representative Brad Wright! and be it further resolved that the City of DHNTON , Texas calls upon its elected representatives and senators to Support said legislation and to secure the passage thereof es promptly as possible and be it further resolved that the City of DIINTON Texas calla upon the oovurnor of the state of Texas to Sign said legislation into law upon the passage thereof, PASSED and APPROVED this, the day of Pebruary , 1983, texas ATTESTI city secretary n CITY OF DENTON MEMORANDUM Tot a, Chris Hartung, City Manager FROM: Rick Svehla, Assistant City Manager DATE: February 9, 1983 SUBJECT: Parking on pecan Street between Elm and Cedar we have had several meetings with Mr, Ritchie and other interested parties in the area of Pecan Street between Cedar and Elm to discuss the layout of the parking on that rit:reet and/or the closing of that. street, We have not been able to reach an agreement with Mr, Ritchie on the closing of the street and therefore have looked at alternate ways to implement as much parking in the area as possible. Attached for the Council's review is what we consider to be the best plan. it calls for head in parking to be provided both on the north and south sides of pecan Street, while at the same time maintaining two-way traffic on this block of Pecan. This plan will provide for 21 spaces including 2 handicapped spaces in this area. This is 6 more spaces than in any other, plan that we have looked at. it also provides for two-way access rather than one-way access which was proposed in earlier plans, We have discussed this plan with Mr. Ritchie and some of the other aroa businessmen. This plan has been the most acceptable to them. We would also recommend that the 5 most eastern spaces on the south side of pecan Street be signed for 2 hour parking for the general public. We would also suggest that the remainder of the spaces be reviewed by the police chief and the rest of our staff before making any final recommendations on how they should be signed. If you o Council have any further questions, please call. , OCR Sve la JYL2.T~S't'~~ .1 i~/~(, ~~«I n'1 a. LCSit~. III , i i y•p4' ~ ~II :tea ti ' S I~, O ~ ti.i 1h 1 ~ 11 ~l r i; 7q .74- ,w V:~ _ R10.~%O'Y~.7'I^f'T~Y•IYtt:~.♦r':~!wn~.(^t+1f••::..,%T.:ft1Y'alA'~'!^~•«•~••.••. CITY OF ~'%NTON MfiMURANDUM `i'Ui Mayor and Members of the City Council F"RUMi Charlotte Allen, Gity Secretary DATEi February 10, 1.983 SUBJLCTi Back-Up Materials for Agenda Item #7 There is no written backup material for this item. Thank you. r"1f'o"t'4L(eO_1A11 Le A . en ca r 0638G CITY OF DENTON MEMORANDUM TOi Mayor and Memb-irs of the City Council FROM; Charlotte Allen, City Secretary DATE; r February 10, 1983 SUBJECT; Back-Up Materials for Agenda Item #8 Dr, Roland vela has requested to appear before the Council to give an oral report on TMPA activities, There is no written back-up mateoial for this item. Thank you. ar oI 4eq--------- ca 0640C 1 Auditor's Report Review of DH & S Audit of Comanche Pear Project and discuss with+eTexas xUtpapers ilities faudit staff ithefwork performed Pbyk their Project to determine what additional work should be performed by 111PA. So.o..~:. Review of calendar year 1981 audit work papers prepared by DH & S and ln~et^views with Harold Hill, Manager of the Internal Audit De artment of Texas Utilities (T,U.) and Aaron Saylors, staff member of the T,U, ~nternal Audit Department. This review was conduoted by Bill Freeman and Dick Johnson, Soo a of DH & S Audit: The audit performed by DH & S is of a very generalized na ure, -making extensI've use of statistical sampling techniques and placing a great deal of reliance on T.U. Internal Audit staff, A detailed review of the internal aocoun~;ing and administrative oorstrol was performed, This detailed review allowed DH & S to limit the engagement to the above described audit tasks. A oopy of the DH & S audit program has been inoluded as an appendix to this report, entitled Appendix A-1 through A-4. Findings: Through review of the DH & S workpapers and interviews with the Internal Audit staff, I am satisfied that the cost of construction of the + Comanche Peak Project are factually stated and billed to TMPA. The construc- tion costs are accounted and billed in accordance with the Joint Ownership Agreement between the Agency and the other entities of the Comanche Peak Project. The audit w#rk papers revealed that the internal accounting and administrative controls of the T.U. subsidiaries are exceptionally strong, It was noted that sales and ad valorem taxes aro accumulated in special aooounts, and that these taxes are reduced by the Agency's proportional share. In addition, detailed testing is performed for major expenditures, such as payments to grown & Root. These tests include examinations of cancelled checks, proper account coding for the expenditure, reconciliation to the purchase order/oontraot and reoon- oiliation and testing of the invoice. Texas However, Utilities t Servieet Iscope does nc. (TUSI)no and cover Texas overhead Utilities allocations Generating by Company (TUOCO). These allocations (with the exception of TUGCO) are made based on formulated percentages in which the overhead is spread on the various projects in which T.U. is involved in. Since TUGCO is the project manager, all of their costs associated with Comanche Peak would be considered construction costs. Though overhead considerable Peak w Project cost. they area relatively small percentage of theComanche e Alternative Audit Considerations: These considerations are being proposed w e assumption a on y overhead allocations are to be audited. This assumption is being made for three reasons. First, the internal accounting and administrative controls of the T.U. system are exceptionally strong (as proven in the DH & S audit). Secondly, a detailed audit of actual constsrue- tion cost of the Comanche Peak Project would be excessively expensive. And lastly, a certification of construction cost can be obtained from T.U. as regards the annual DH & S audit of the Comanche Peak Project, The firm alternative audit solution would be to engage an audit firm to oer» tify the cost pass-throughs to TMPA. The extent of the audit work to perform this task is not currently known since we were not able to examine the detail records maintained for overhead allocations, However, it is my opinion that such an audit would be prohibitively expensive, The second alternative would be to obtain overhead summaries from T,U, that would allow me to perform an analytical review, Detail tests would then be performed as considered necessary to verify expenditures that appeared to be excessive, This would either provide a type of negative assurance that ir- regularities were not found, or that sufficient evidenoe existed to justify the first alter,native, The last alternative would be to accept the certification supplied by DH & S as the actual cost of construction of the Comanche Peak Project, This audit, as addressed in the joint venture agreement (paragraph 4,03 (i)), is to ('Arrange for certification by a national firm of independent Certified Public Accountants to the Parties (includes the Agency) that the Project Manager's accounting methods and records, including any allocations for Cost of Fuel, Cost of Construotion, and Cost of Operation, are in aooordanoe with this agreement and sound accounting practice,' This alternative would not provide any reliance that the overhead allocations were properly billed to the Agency, Comments: These alternatives are not meant to be all inclusive. This is due o e aok of speoifio knowledge regarding the detail records supporting the overhead cost and direct construction cost of the Commanohe Peak Project. However, we were told that the construction ledger for this project was seven and one half feet tall, The detail supporting this ledger might well fill a warehouse, Therefore, an audit of this magnitude (to be reliable) would re- quire an audit survey in order to establish the scope for a detailed audit, T would estimate three to five working days to perform the survey. Only at the completion of the survey could aocurate estimates be made concerning the time requirements of a detailed audit, Before the survey commences, consideration should be given to scope limitations - i.e,, an audit of overhead allocations, an audit of construction costs or a combination, Recommendations: I recommend that only overhead allocations be reviewed as preou`s y suggested in alternative two. This would prevent a prohibitive cost expenditure as suggested in alternative one. Also, it would provide some assurance that TI4PA has been treated fairly or justify the expenditure for further audit work, - 21 e- 08 „ p ~ Itl.~ spy Q ~qp 1+ p (~[~,~iQ}. ~r ry y W cot .0 C3 SOO .a,rr W , nr .r d r'~rS xry,u' c~ till 7e. r ~ • i T-EI xtpttactcl~d ~ l r 1 1 1 ' n 1 S a P H I lm* ~ ~ 1yWen C M n " ~a asps"~ M' "A nH A 0 6 Qnw n 7i ar,n .n n A '1 C a rti a 'r 't`• r~~it~'°.:"'•;~ ~p~S ~ ryyM"rpp~~ n~~'„~ ~R Cyq.~~.1 a ri~ n ~M~,I~pp nr(~®~` aQ" ~ ~ „ypn~ryLI~ !I .:i~'`~,tv;,ii,~i:,l.'S'1 rl i4 aH iWAR Mfi f1 NY• Wx MM n n W Yr MNO ~~jj„O i}rypn9-~II~ 'O `l6 A n A W N . ~ i'FE';11.-.:~~ O A " 0 P 000 ~ • OM W I~y'! W ~ R M tl ►n p 0 ~ M r¢q/ppy~ kt ';:(i i•+ .Cr M M ^I M 0.0. 0 M r ~ ~ ~ 1lnlJ q ~ ~ '0 ~ ~ r1 ~ 1 ~ r0'h W 7 ~ a~ I~}]y~ ~ ~ " ~ I~~y "p^H i'1 1~/$J•jj1 Y t1ly~r+'. 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'i'r J...r '."r' i i r . , 1 V t H H N b fY V Q~ ry { C n O Nry N q f d y1 ff M ~ H Hi fd 7~ g ~~?Mw it 0.0. ~pf '0 U 3 N m 0 v V, ppp' M, , W N. ~~y G m H ,1, , R cPn+ n 0 V.jjf d' fD ^ Gi ft fl p N W R ~ ~ 'V W (~p1 ~~(1$yi1 ~ I I , wy H ft ~ • 8p (QpqR 1 e H 1 N1 rol P ~ ~y1 , • t r , h v R P f• ~ ° qtl ~ ~ F+ ~ r N O K ~ y y ~ Q n C s Pei Q fl.'° o" •7 ~ R B0. fw Ir7 1~a'„ j.'. r~i: MGM fIM Qr~~ M FWI ~+,N I~ nn yp R N M ~ ~ n g1~y~I ~p d .i •r,, yM mm 1y(yy 1i1T (~p~I fp1, `"'1' Q~ VN Ylt Ro W~ ~ ~r4 M~A tr~M~ • tti~ N . r a n AXo~ ,3 C ppt~r M ff ~6^ ,~~j• d ke4 m; rl n , MOnO M ~D N A a~ N P k ~pao~ r 6 ~M a~,•.,,uKlfr:. p~ 1 •1p ,0 •ft po w 0nµ ii A t~~ (QQ},•~0y 5. ~ u> n $ pp~ y~ ~np nQrp71H0r A 6nM R 'r P H~ro AS'M M ` A •r n W"~ p P A ~r R ATM MMMO n rt g W zz f qr w ~M^ 0a II W~ M• 11 ~~M i ~ nyr R o~ 92~ .nwt i Y 1 i tr ~ , 6-~t x?pttacI~ 08101fte HaskinsAells TEXAS MUNICIPAL POWER A04NCY (A, Development Stile Enterprise) Finanoial Statements for the Years Ended Se tember 30, 1982 and 1981 and Audi ors' Report - - I Dsloitte Haskinslells one Meln Place Dallas, Texas 76280 (214) 748.8801 Telex 732848 IC I I AUDITORS' REPORT !i The Board of Directors Texas Municipal Power Agoncyt We have examined the balance sheets of Texas Municipal Power Agency (A Development Stage Enterprise) as of September 30~ 1982 and 1981 and the related statements of operations and retained earnings (deficit) accumulated during the development stage and of changes in financial osition for the years then ended and cumulative from P inception (July 1975) to September 300 1982. Our examinations were made in accordance with generally accepted auditing standards and$ accordingly, included such tests of the accounting records and such other auditing procedures as we considered necestn•r•y in the circumstances. In our opinion, such financial statements ppresent fairly the financial position of Texas Munioofritsency at September 30, 1982 and 1981 and the results operations and the changes in its financial position for the years then ended and cumulative from inception (Jul applied conformity acce wsgistentl y to September countin3in on acon accepted accounting principles basis. i ~I December 15, 1982 i I 'I g gggg g g QR N 4 4M 'i N H r n ,o ~ I ~ i 1 s E K^ ~ .d HHja}(~~~Y pp CHT7 i ®U i~ j ~ f ~H ~ Te uN SWV~ V~yV~ qy ~I 'j`~ !~'O COT ua~{Y ~~P ~~MMM glfjA r~~,yLyU+~1tl+ < u PTNo` A ~N N ~1a! O V L j O ~ HHHHrTI~ 44 W U 4 N H Wy~ NHV N Ot 14 ^ CTBS,~' µy~ Z h d a F a W ff PC 0 H` pp M1A ih [J p. H Vii ab N p0 vrid (Q.p~ M 00 d O ^ M H O M M yew ,n ~ rya c ~ M a oog$ g8 S 8 aBg~ S ~o o p IMOinV lpHp~~N 3 P 3 N ON nf~oOO~Y 0'~ H ~ M N H ! OO NtxM ~ i II ! Ny H ,Oh .i MHh H H b ^ N H 44 N H M I 6, E N j b u y ~yyb c an ~eyso~ H s s ..4 18 0,0, ~4 to, I S V ~L414 L G MU quW f x b~W 'U W -'u N L ON {A C p y y g q C y 11 ~yF 4GAOG V A Tp ' ySVW <N6VN6gy M 101 681 W b'~ d 1~r kV ar C ~'ya 4 y V 4 ,U~ d V~ u C 1V+ p~ 7 L ~rul y ,V, C~ V i I N ~S W V 4 VA W Pu V V 1~j P1LCt1 HsW W iV I U f UUP»i ~ 7j ~ 11 u "uSG ~p H u & ~Hrou4 ~qo u N4 ai (y y~ 4 M W 'tl W 6~'S7 V e 0 W H 'O 4 W nl a C Y.4 pp yyv tlCC y y M4Y ■Yc ppu0u ON b x knU N < V ' U jjjr~~AAAjj Ce uyjL Nips a tt/~~ DDDD ,~yy pqy y ppY tyylR V DVDU (p. 5V1%WIa1HF~~F'Uxf~'JeGWH U~p~C ~~0.<[~'. f]H I.f t"N <FiH F' to 1 Fp^ < !W} V7 i ~~.p{ MMMM yp~~ ~~pp pp. r~ ~ ~ ^ M v~Mb NO~00 ~P+1 0~0 N t M 44 O f7 O l7 r. n... ~a~ 'pp~ I v~ c u~ wyy eo V4,1 vN~ n ,.a NnN ro ko N O• M .Ny A AV V b ibl 11! OO OO ~ ^ ^ II $ O ~S oS 0 aao 0^00 0 0 o g 2 t4 C4 44 \J 400 y It U ay 0 ry <~~ij 1 " ~C 0 Od H C7 k t9M d N T C A II x x ro 0 44 °0 to Ai o C) 6) 4 ~4 m u U 0 41 yY (f4 a r~pi yy t u V" fo U, • y° 0 44 1. 0 19 .4 v 0. 11 d H py fJ u U 'o C 7Z6 11 00 O^+ C 6N1 •.1 Y 9 4 '1 ° 0 ni ..4 IMJ M 1 r4 ..4 Y .7 qb 41 O O 61 v Vi •.~jl H ~%V Y F• ~l• ~'roOd W to Od 7 IU .d r1 10 F 44Q11 Ga U (d p``p~~U'O~ ~Cd Add 6yy1 qD ~M.4U O Y N'pOp 11 0 S'. o•y ~a1ZM~ .ul601•C7 "61 W uL H Y 'C1 W 7 C O u C ~ u Owwwww°. $ z rHg c c °0 ~ c " Q .*4' 4 3' " +yy+ 0 y°y w i eo c " w d~ oGGQ ° Wiru ro -0 ue 0OPC0 YGi~61o ~e edeaw+°+ 0 q4 114 H0 id OH ro•4144j ~00C+04 i0~04 O L1 h7 W G 0 L S~ `y'eoM tci .y+ HH yi~ ca "~yj~ Vro2L W" y j~bu yyan 09044 I " r~ y~O44l ~4 44 Ayi 0 Id '~L ~ W ,G L 0~ 0 y y 00 H .-1 F 1 u N O ~q'L GLHYro Hro Y FI~O~HO 0966) ~S1J ral L 0 `<WW GF~OH WWWOaFZaw~a0ios o~<o a ea < a ;I AS MUNIOIPAL POWER AOENOY TAX De to msn State too) R THE YEARS ENDED SEP EMDER ~ A 19e1 STA jI DTCLIMULAT-lu FROIOIEINC0P1'IONN( LLYl 19751 TO B,~P EMEER 304 X1982 1912 1961 CUMUL,'VF SOURCES OF WJRKINO OAPITAW p 10 Depreciation and s"ot~ tiastion 1 3$'O0 pr 0 E 3019'100p so 1 '0~S E ocsoe o+ppit61 pravidad by operations 300, 0 ;0 0 1,160,064; 00 aee pf Increaae Ideor$wwnul bonds so in noted ppayable, excluding ourr0nt in+tslmenta 2Q,0001 298,000 2,345,000 Proceeds fro" 6610 of equipment 2511 Sv9 000 25,559,000 TOTAL 1325. 94.000 j, 618,000 #1.188,915.000 USES OF WORKING CAPITALI Additions to electric punt in service = 48,000 $ 11236,000 ' Additions to construction work in prograe $215 ,704,Q00 L81,S23,000 790,170,000 Additions to nuolear fuel 1,873, 661,000 71845,080 Increase (docrease) in net restricted assts 99,745, 745,800 (182,787,000) 351,412,0 0 8orrowin costs 7,216, 0p 825,000 25,750,080 Current Instalments of revenue bonds 690,000 690,000 Distributions to Participating citie 7881000 821,000 Refunding of revenue bonds, Soria 175 10,625,000 Inure a e (decrease) in working capital (422,000) 348,000 366,000 TOTAL $325,594,000 1 616,000 11,188 1915,000 CHANGES IN COMPONENTS OF NET RESTRICTED A5SETS1 Increase (decrease) in restricted a6setoi cash, investments and special deposits $ 98,530,000 =(176,889,000) $ 381,318,000 Accrued interest 3,531,000 (1,981,000) 7,800,000 Accounts receivable and advance payments to contractors 10005,000 (1,001,000) 1,752,000 Due from unrestricted funds 346 000 346 000 Total 7U3 dT'1;Q66 R79 87TTOIIII) 39T;1i~606 Increase (decrease) in liabilities payable from restricted asset u current instalments of long-tern debt 765,000 53,000 1,125,000 Accounts and retainage payable 2,462,400 (2,0001 28,123,000 Accrued compensation and related benefits 4,000 446,000 450,000 Accrued and natured interest 564,000 2,487,000 10,106,000 Due to current assets (128 000) (68 000) Total `-7OIIU - 3+~JT6;66if "'19 8DG 6iT6 Increase (decrease) in net restricted *tests 999.745.000 1(182.787.000) 1 351,412,000 CHANGES IN COMPONENTS OF WORKING CAPITALi increase (decrease) in current assetst Cash and investments $ 904,000 t 166,000 ; 2,068,000 Accounts receivable and other (42,600) 35,000 19,000 Due from restricted islets (128 ) (6688000000) Increaae (decrease) in liabilities payable from current aasetaf 810,000 (33 000) 1,375,000 Accounts Payable , Accrued compensation and related benefits (182,000) i Due to restricted funds 346 000 346 00 Totes Increase (decrease) in working capital 1 (422,000) 1 348. 00 1 366,000 See notes to financial statements- 4 i 1 I ` I I; TEXAS MUNICIPAL POWER AGENCY (A bevelo Mont Stage Enterprise) NOTES TO FINANCIAL STATEMENTS 1, GENERAL. The Texas Municipal Power Agency (TMPA) was created in July 1975 by concurrent ordinances of the Texas cities of Bryan, Denton, Garland and Greenville (Cities) pursuant to Chapter 166, Acts of the 63rd Legislature of Texas, Regular Session 1973 as amended by Chapter Ij 143, Acts of the 64th Legislature, Regular Session, h 1975 (Act). Under the provisions of the Act, TMPA is a separate municipal corporation, a political subdivision of the State, and body politic and corporate, In September 1976, TMPA entered into identical power I~ sales contracts with each of the Cities for the purpose of obtaining the economic advantages of jointly financing, constructing and operating large electric generating units and related facilities to supply the j, Cities' future energy needs. The Cities, under the power sales contracts with TMPA, are required to pay, for the benefits received or to be received by them from such activities, an amount sufficient to pay TMPA's operating and maintenance expenses and the Bond Fund, Reserve Fund and Contingency Fund requirements of the Revenue Bonds, 2, NATURE OF DEVELOPMENT STAGE ACTIVITIES TMPA is undertaking, as projects approved by the Cities on August 27, 1976 and June 13, 1978, respectively, construction of the Gibbons Creek Steam Electric Station, a lignite-fueled generating plant located in Grimes County, Texas with a net generating capability of 390MW, and acquisition of a 6.2% ownership interest in the construction of the Comanche Peak Plant, a nuclear-fueled generating plant being constructed by a subsidiary of Texas Utilities company (see Note 4). In addition to these projects, TMPA is planning or under-- taking a number of "Systems Development and Reliability Expenditures" which primarily relate to transmission and communication facilities, r i ~E i f ' j i i - 5 i i The total financingg requirements for the above-mentioned projects upon oom letion (after givin effect to the sales of equipment described In Note 9) are esti.mated by TMPA as of September 30, 1982 as followsl Construction costs= Gibbons Creeks Steam eleotric station Lignite $ 418,528,000 mine Transmission facilities 82,945,000 658 000 Comanche Peak 188,3760000 Systems development and reliability expenditures 84,992,000 Reserve and contingency funds required by Bond Resolutions 123,776,000 Net interest Other 239,233,000 39,792,000 Total $1,226,300 000 Upon completion of the sale of $76,300,000 of Revenue Bonds in November 1982, as described in Note 10, the above financing requirements have been met, 3, SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Electric Plant - Electric plant is stated at historical cost. Such st includes payroll related costs such as taxes and employee benefits, general and administrative costs, and an allowance for funds used in projects. I' Certain facilities, primarily transmission facilities, have been or will be completed prior to the completion of any generating plant. These completed facilities will remain classified as construction.work in progress until placed in service, At September 30, 1982) construction work in progress included $40,383,000 of such.completed facilities. The cost of lignite rights are included in construction work in progress and amounted to $26,759,000 at September 30, 1982, Lignite rights include the costs of all preliminary and exploration studies, leasehold or fee acquisitions, delay rentals and advance royalties. Federal Income Taxes - Any income of TMPA, a political subdivision of t e tate of Texas, is exempt from Federal C income tax under Section 115 of the Internal Revenue Code. Allowance for Funds Used in Projects - TMPA has ' capital ze to electric `plant the net cost of borrowed funds used during the period of construction. The net cost of borrowed funds includes amortization of bond discounts, premiums and borrowing costs, security gains and losses, and interest expense net of interest income. y 6 - I ! Ae reciatia - Depreciation of el.ectrio plant in ser- v oa s oaulated by the straight-line method using the following ratesi Trans ortation 33% 7FurnNure and fixtures 20% Electric plant leased to others 5% Intangible plant 3% Revenue Bonds - Issuance coats, discounts, and premiums of Reverrue fonds are being amortized by the sinking fund method over the period of the related maturities, Reclassifications , Certain amounts in the prior finan- c a s a omen s ave been reclassified to conform with the 1982 financial statement presentation, 4, ACQUISITION OF INTEREST IN COMANCHE PEAK In January 1979, TMPA executed the Joint Ownership Agreement (Agreement) to acquire a 6,2% undivitted ownership interest in the Comanche Peak Stoam Electric Station, The project consists of two 1,150MW nuclear-fueled pressurized water-reactor steam electi'ic units (scheduled for completion in 1984 for Unit 1 and 1989 for Unit 2) to ether with associated nuclear fuel, switchyard, substation, railroad spur and reservoir. It also includes an interest in a certain associated transmission line, Under the terms of the Agreement, TMPA is obligated to pay 6.2% of all future (i) construction costs, (ii) nuclear fuel costs, and (iii) operating costs (after the station is placed into commercial operation) plus a management fee of five percent of its pro rata share of operating costs and fuel costs (subject to certain cost escalation limitations). Subject to certain opera- tional exceptions, TMPA is entitled to receive 6.2% of the net power output that the station it capable of producing at any given time, The Atomic Energy Act of 1954 requires the issuance by the Nuclear Regulatory Commission (NRC) of operating licenses for the Comanche Peak Station, The applica- tion for the operating licenses for both units was docketed with the NRC on April 25, 1978. Operating licenses will not be issued for the Comanche Peak Station under present NRC regulations unless various € proceedings have been successfully concluded before the Atomic Safety and Licensing Board and the NRC, in- cluding an independent review of the piping and pipe ` support systems by the NRC which is scheduled for completion in early 1983. TMPA can give no assurance that such operating licenses will be issued. If an 7 W REVENUE BONDS TMPA has five issues of Revenue Bonds outstanding, summarized as follows= Range of Earliest f Maturing Interest Rates Redemption Series From - To FomTo - Date 1976 1983 2011 5 % 6 3/8% 1986 15178 1984 2411. 5435 7 1988 1979 1985 2012 5 1412 7 1989 1980 1985 2012 6 9 1/4 1990 1932 1986 2012 9 1/2 14 5/8 1997 The Bonds 'are payable solely from and are collat- eralized by an irrevocable first lien on, the net revenues of TMPA and the funds established by the Bond Resolutions, subject to the payment of operating and maintenance expenses from money on depriit in the Revenue Fund, Annual debt service requirements as of September 30, 1982 are summarized as follows; Principal Interest Total Year Ending September 30; 1983 $ 690,000 $ 104,941,000 $ 105,631,000 1984 4$215,000 104,906,000 109 121,000 1985 11,270,000 104,6830000 115,9531000 1986 13,455,000 104,054,000 117,509,000 1987 14,300,000 103,226,000 117,526,000 1988 - 2012 -111069070,000 1,754,724,000 21860,794,000 Total "150.000.000 $2,2761534,000 3b 53 000 7. NOTES PAYABLE { The Act permits TMPA to issue non-negotiable purchase f money notes payable in instalments (collateralized by the properties being acquired) in order to acquire land or fuel resources. The costs of the property anO investments collateralizing the notes approximated $7,2690000 as of September 30, 1962. 8, RETIREMENT PLAN TMPA has a retirement plan covering substantially all j its employees. The plan is structured so that TMPA con- tributes 10% of gross wages to a fund for participants. Employees may contribute an additional amount up to 10% .,I from their earnings on a voluntary basis, Interest is - 9 earned on each individual's account until retirement or termination. The employee becomes a vested participant after six months of service, Retirement plan costs for 1982 and 1981 were $485,000 and $251,000, respectively, 9, COMMITMENTS In connection with the gas and activities des- oribed in Note 2, TMPA has outstanding contracts for oods and services which aggregate approximately 687,000,000 as of September 30, 1982 of which approximately $547,000,000 has been expended, In order to obtain certain property and confirm certain rights necessary to complete the Gibbons Creek Steam Electric Station, TMPA has made certain payments to Grimes County and three school districts during the years 1978 throwgh 1982. The Agency has agreed to make additional annual payments, subject to adjustment as specified in the agreement, at the rate o $5209000 per year, as long as the Gibbons Creek Unit No. 1 is in operation. The estimated total payments reinaining to be made by TMPA under this agreement are approximately $15,100,000 as of September 30, 1982, TMPA has entered into a mining services contract with Navasota Mining Company (Navasota) to operate the lignite mine at the Agency's Gibbons Creek Steam Electric Station. Under an option provided in the contract, TMPA elected to have Navasota provide the major mining equipment to be used in the operation of the mine and sold its interests in two partially completed draglines and a coal conveyor system at cost to Navasota for $61,709,000 ($25,559,000 sold in April 1982 and $36,150,000 sold in October and December 1982), Concurrently with the sales, Navasota sold the equipment Co third parties and entered into lease agreements with such third parties. Under the mining contract, TMPA is obligated to make minimum payments equal to the costs incurred by Navasota under its lease agreements for the draglines and the conveyor system. The aggregate amount of required payments at Septem}per 30, 1982 (after giving effect to the sales of the equipment to Navasota in October and December 1982) is as follows: Year ending,,,September 30. 1983 $ 6,691,000 1984 6,686,000 1985 63686,000 ( 1986 696860000 t 1987 6,686,000 Dater years 133,126,000_ Total 166..561.000 10 The above amounts arm subject t;o escalation under varioun circumstanoos as stipulated in the mining contracts In addition, TMPA io required to pay additional amounts depending upon the levels of mining activity The mining contract can be terminated by TMPA ' at any Lima subsequent to the expiration of an initial 4 six and one-fourth year period and by Navasota at the g expiration of the initial. period or at the and of any I successive five year period thereafter, 10t SUBSEQUENT EVENTS 1 In November 1982, TMPA sold $76,300,000 of Revenue Bonds. The bonds range ii, maturity from 1986 to 2012 subject to redemption on or after September It 1992. Interest rates of the bonds range from 7-1/2% to 10^3/4% depending on the maturity date r 11 i l s I j 1 f I~ V i 1. 11 K , TMPA UPDATE,,,,,A Report to the Board of Directors (No, 1, January 28, 1983) With this memorandum, the General Manager's Office is initiating an informal "between meetings" report to Members of the Board, This report will be used to provide information to the Board on a regular basis on various items of interest which would not necessarily appear in construction reports or on , regular Board Meeting Agendas, If you have any suggestions concerning this report, please let me know. Staff Reorganization - Following a three month review of the internal or- gan za on, I have developed a new organizational structure which I feel will strengthen the administrative scvucture, better utilize the existing staff, and provide the General Manager a more effective span of control over the organization, The new organizational plan which I put into effect on January 24, 1983, pro- vides for, five Division Heads plus the Internal Auditor to be reporting directly to the General Manager, Previously, only the Assistant General Manager and the Director of Construction Management reported directly to the General Manager. fhe title of Assistant General Manager will be discontinued under the new staffing plan and with the retirement of Joel Rodgers the title and position of Director of Construction Management will also he discontinued, the positions that will be reporting directly to the General Manager will be the Director of Legal Services, the Director of Financial Services, the Manager of Power Production, the Manager of Human Resources, the Manager of Construction, Engineering and System Development, and the Internal Auditor, The staff responsibilities for administrators reporting directly to the General Manager will be as follows; DIRECTOR OF LEGAL SERVICES- Frank Bass Legal Counsel to GM Contract Admin. Land Admin, Property & Risk Management Purchasing & Warehousing Policies & Procedures Legislative Review Annual Report Agenda Review - Board Meeting Preparation Permit Review TMPA UPDATE No, 1, January 26, 1983 Page 4- DIRECTOR OF FINANCIAL SERVICES - Bill Freeman General Accounting - Accounts Payable, Payroll Plant Accounting Financial Planning - Investments Budget Computer Services Rates MANAGER OF HUMAN RESOURC"_'. - Dave Branham Personnel - Records, Recruiting, Benefits Training Safety & Security Community & Employee Relations Office Services MANAGER OF POWER PRODUCTION - Don Cullum Plant Operations Plant Maintenance Fuel Ash System Operation & Disposal Environmental Monitoring Plant Engineering MANAGER OF CONSTRUCTION, ENGINEERING & SYSTEM DESIGN - Bob McKnight Construction Betterment Engineering Transmission Design Plant Design Transmission & Substation Operation & Maintenance INTERNAL AUDITOR - Dick Johnson Responsible fo,- all Internal Auditing Projects Each Director and Manager has been charged with the responsibility to review the present staff allocation to determine if the budgeted positions are re- quired and whether current idork assignments represent the most effective use of Agency personnel. The Management Organizational Chart is shown on Page 3. Z ~T h tin ti Vi 3 n r y b Z 1 ti aftld £861 `83 X-ALM W `l 'ON 31VIdn bdWl TMPA UPDATE No. 1, January 28, 1983 Page -4- Permit Activi - On Monday, January 24, 1983, Frank Bass, Director of Legal Services, along with Nora Galindo from Legal Services and Fo Williams from Environmental Services, represented the Agency before the Texas Water Commission in Austin on the application for renewal of the Agency's permit to discharge treated waste water into the Gibbons Creek Reservoir (cooling lake) and over the spillway into Gibbons Creek and thence the Navasota River, The Agency's application was approved by a 3-0 vote of the Commission and is good for five (5) years, The com- pliance record of the Agency has been very good and this had a positive impact at the hearing, Mine Mane ement Services Contract - As previously reported to the Board, theta Kas i~enegot afed Lion of the Mine Management Services Con- tract between Navasota Mining Co, and TMPA. Tho renegotiation pertained to the portion of the Contract related to the ash disposal plan, The original ash disposal plan anticipated hauling fly ash, bottom ash and FGD sludge to a disposal pit for burying, The October, 1981 Contract Amendment included prices for this disposal scheme of $1,605/ton of lignite delivered (in 7/81 dollars), Recently, due to a change in the ash disposal plan, a new scope of services agreement was executed which included a different pricing plan based upon redefined units: New Scope of Services - Haul road development, surface water control design and construction, and transportation and final placement of wastes, Cost - $1.13/ton of ligolte burned (in 7/81 dollars). Credits - Waste not disposed by Navasota (in 7/81 dollars): a. Excess ash - $.657/ton ash b, Sludge - $,939/ton sludge c. Combination - (excess ash & sludge) $.798/ton combined. The projected savings in base price per ton of lignite over the first 64 years are as follows: Original Lignite To be Hauled = 15,773,000 tons @ $1.605* = $2593159665 Original Lignite To be Consumed - 15,539,00:1 tons @ $1.130* = $17,559,070 PROJECTED SAVINGS OVER FIRST 6~ YEARS $ 75756,595 *(in 7/81 dollars) J , TMPA UPDATE No. 1, January 28, 1983 Page -G- ~CComp~u er Services - The Computer Services Division has completed the move frQo A on o{' the Hewlett Packard 3000 Series III and the move from the Maintenance Building of the Model 44 Unit into the Administration Building at Gibbons Creek, Work is progressing on relocation of terminals and new work stations in the new facilities. Financial Services - The Financial Services Division is making progress in a nu'-ner 'o areas, Work is progressing on catch-up work on the General ledger foll wing completion of the Audit. With receipt of the final Audit Report, Financial Services is working to implement several of the re- commendations contained In the Report, A meeting has been scheduled with officials of Texas Utilities and the Agency's Auditor to discuss a review of the External Auditors work papers on Comanche Peak. Human Resources - The Manager of Human Resources and four of the Human Re- sour~ces staff members have moved into the Administration Building offices. The move will provide more effective control of personnel and payroll re- cords and has freed up badly needed office space for the Power Production Division in the Maintenance Building, Site Work - Work has begun to relocate the security fence to its permanent ocat on adJacent to the Administration Building. A flag ole has been in- stalled in front of the Administration Building and markinpg of the parking lot is scheduled for next week. Power Plant Outa e - The outage scheduled for January 21, 19983 to January been M7_983$ was including the cleaning of the pulverizers. In addition to review and evaluation of various control systems throughout the Plant, work has been completed to repair several leaks in the piping system. The Plant will be brought back on line early Monday, January 31, 1983, and in of i the the week the s end during toward load to be week, full-load by increased the present anticipation p of n bucalls ilding for the an A copy of the 1983 load chart is attached for your review. I hope the information contained in this report will be helpful to you. If you have any questions or suggestions concerning the report, please let me know. Respectfully submitted, Ed Wa ner General Manager ELW/wmc Attachment 1 1 IIi , Ii 'I yl , I ~ I ~ ~ ` 1 I I ' ~ I I I ! ~ f I , I ` 1 I 1 i I I I it i i ~ I 111 i II ` I 1 I ~ ps] I I ~ I I COW 1 I m 1 Refunding Proposal 1 for 1 Texas Municipal Power Agency 1 1 1 S 1 1 1 1 1 1 Merrill Lynch White Weld Capital Markets Croup Ono Ubort Plata 186 Uroadmy New Yak New York 10DW 212 07,749 Meurer bynch Yebruary 10, 1983 to ww 1 Capital Markets stoup Mr. Ed L, Wagoner general Manager Texas Municipal Power Agency P,0* Box 229 AnwersoN Texas 77830 Dear 8dt ' Merrill Lynch is pleased to present this refunding proposal to the Texas Municipal Power Agency Our proposal outlines how TMPA could, in today's market, save more than $34,000,000 by reflnanoing certain of its outstanding bonds. With a market improvement of only 5/8%, TMPA's total savings could ' increase to nearly $46,000,000. We have developed refunding structures so TMPA can enjoy alt of those savings In the next five years, thus permitting lower electric rates than would otherwise be required, In addition, the proposal outlines why TM PA should appoint Merrlll Lynch ' as its senior manager for this issue. Among the reasons are the followingi ' • Merrill Lynch can maximize TMPA's savings from a refunding because of our unmatched expertise In structuring such issues. ' • Merrill liynch can provide TMPA the lowest market rates because ' of our position as the leading senior manager of tax-exempt issues. • Merrill Lynch can offer TMPA the lowest underwriting spread because of our unexcelled knowledge and penetration of both the institutional and retail tax-exempt market. We have been honored to serve TMPA as a comanager on its bond issues ' and as debt/equity placement agent on its leveraged leases. We are eager to serve the Agency again as senior manager of Its refunding issue, ' Sincerely yours, 00 Abu, James N. Baxter Managing Director 40 HACKORO>)ND ON itEFUNDINGS Refundings are one of the most technically complex areas of tax-exempt finance, but the principles underlying them are relatively straightforward. ' A refunding is simply a refinancing of existing debt, usually at a lower rate than the original Wnd Issue. (Sometimes issuers refinance at higher rates to eliminate or modify certain restrictive covenants such as additional bonds tests), Thus a refunding, In the case of TMPA, is like refinancing the mortgage loan on a house at lower rates, To refund outstanding bonds, new bonds are issued at the lower rates. The proceeds from these bonds are used to purchase U.S. government obligations known as "SLGs" (pronounced slugs) - State and Local Government ' Series. The SLGs are then deposited in an escrow Lund held by a bank. The amount of SLGs purchased and the interest received from the SLGs will be exactly enough to pay the interest and principal on the old higher rate bonds until those bone's can be called. Because the SLGs are irrevocably deposited with the bank, the old higher rate bonds are considered to be defeased or no ' longer outstanding, In order to buy enough SLGs to pay off the old bonds, TMPA will need to issue more new bonds than the old bonds it is refunding. Yet, because It is ' issuing the new bonds at significantly lower rates, its new total principal and Interest payments will be far less than the total principal and Interest payments on the old bonds, It is up to the Agency to decide how it will receive the savings from ' those lower payments. One option is to spread the savf,ngs uniformly over the life of the new bonds, so that each year's debt service for the new bonds Is the ' same amount leas than the debt service on the old bonds. Another option for TMPA Is to enjoy all of Its savings in the first five years; from then on the debt service on the new bonds would be the same as debt service on the old bonds, The following section presents both alternatives. M Complex Internal Revenue service regulations have established proce- dures so that the Interest earned by the SLas bought with the proceeds of the new issue cannot have a yield greater than the Interest cost of the new Issue, Without these rules, Issuers could arbitrage, Le„ Issue tax-exempt bonds at 9%, for example, and buy U,S, government securities yielding 12%, In 1978, the IRS issued a ruling which provided that in determining the yield on a new issue In a refunding an issuer could not take Into account the costs of issuance ' of that issue. (Costs of issuance include the underwriting spread and fall other costs paid by the Issuer.) This ruling meant that issuers had to lower the return on the SLGs they bought and thus received lower savings in a refunding. ■ The State of Washington challenged that ruling and won Its ease against ■ the IRS In the U,S, Tax Court. The case was appealed to the U,S. Court of Appeals for the District of Columbia and the State of Washington won again. The IRS had until January 17, 1983 to appeal those decisions to the U,S. Supreme Court, but did not do so. There are indications that the Treasury ' Department may soon respond to this series of events, possibly with a new arbitrage regulation. Merrill Lynch would structure the purchase of SLGs for ' a refunding by TMPA in such a way that once the IRS issues a clarifying statement, or counsel is willing to issue an opinion allowing such action, TMPA. would be able to take maximum advantage of cost of issuance recovery. As outlined below, this proposal could increase the Agency's present value savings by approximately $7.6 million. 1 ' ~2- 1 REFUNDING PROPOSAL We propose that TMPA issue new bonds to refund its $830280,000 outstanding 14-1/4% term bonds due September 11 2002 and $186,888,000 outstanding 14-6/8% term bonds due September 11 2012, a total of $268,915,000 outstanding term bonds, Iliese bonds have a 16-year, no-oall provlsionl they are not callable until March I. 1997, when they can be called at par, Because the call date Is later than the maturity date of the longest serial bond, TMPA would gain no economic advantage by refunding any of $31,086,000 serial bonds of its Series 1982 issue. Calculating Savtnas There are a variety of ways to calculate the savings from a refunding, ' One Is to look at the total reduction in debt service. Another, which is considered to be the best by most financial experts, Is to look at the present value of the savings, since a dollar today is worth more than a dollar 30 years from now. In evaluating refunding structures other considerations such as TMPA's ability to enjoy those savings in the next five years, when rates are ' scheduled to rise - ave also Important. ' We believe that, subject to the Agency's desire to enjoy Its savings in the next five years, it should look to the highest present value as its goal. However, If TMPA wants to achieve the maximum total savings we have also presented that alternative. r Struoturim the Refunding We have analyzed eight refunding alternatives at four different rate levels - 10 1/8%, 10%, 9 1/2% and 9%. Some alternatives maximize total savings, others bring all the savings into the first five years, and some maximize present value savings. No matter which alternative Is chosen, the ' debt service for the new bond Issue in our proposal would always be less than that on the old bonds. This means that TMPA would not ne6d the consulting engineer's certificate and accountant's report otherwise required by the bond resolution to issue additional bonds. -3- If the Agency wants to Increase its present value savings, whether those savings are taken uniformly or In the next five years, we would propose the following innovative stops as part of the new bond Issue, OAPITAL APPRECIATION BONUS Capital Appreciation Bonds are a form of zero-coupon bonds, These bonds pay no Interest prior to maturity; however, at maturity the purchaser of the bonds receives a payment that is more than what he paid for the bonds, refleothig compound Interest. These bonds are issued In a principal amount equal to the amount paid for them, unlike zero coupon bonds (which are issued In amount equal to the eventual repay- ment price of those bonds), Capital Appreciation Bonds therefore do not artificially inflate the size of an Issue, as do zero coupon bonds. TMPA could Issue $7 million of Capital Appreciation Bonds instead of $106 million of zero coupon bonds. However, Capital Appreciation Bonds, like _ zero coupon bonds, are more highly valued than regular term bonds by many investors and thus can yield approximately 60 basis points less than a term bond of the same maturity, We proposes that TMPA use Capital ' Appreciation Bonds for the last three maturity ;rears of the new issue. ORIQINAL ISSUE DISCOU IT BONDS ' ' These term bonds have an Interest coupon of only 696, but are sold at a significant discount from their face an ount ("par" so that the purchaser of the bonds receives more than that interest rate in his yield to maturity, since he will eventually be repaid the full value of the 1 bonds. These bonds are also more highly valued than regular term bonds by many investors and therefore also can yield approximately 60 basis points less than a term bond of the same maturity. lie propose that TMPA use original issue discount bonds for maturity years 2008 and 2009 ' of Its new issue. ..q.. 1 • MBIA INSURED BONDS By paying a one-time insurance premium equal to approximately ,8% of the total debt service on the bonds insured, an Insurance policy can be obtained from MBIA, the Munlo4)al Bond Insurance Association. ?lecause bonds Insured by MBIA are rated "AAA" by Standard do Poor's, these bonds can yield approximately 40 basis points less than an "A+" rated term bond of the same maturity, We propose that TMPA use MBIA insured bonds for maturity years 2004-2007 of Its new Issue, These three steps, taken together, 'could reduce TMPA's interest cost on a new issue of bonds by approximately 26 basis points as compared to an issue with regular term bonds, Although the new issue with these features will be approximately $28 million larger than an Issue with regular term bonds due to the original Issue discount bonds, the lower interest cost means TMPA oould increaso its present value savings ati additional $1,000,000 In today's market. M The charts at the end of this proposal show a variety of refunding alternatives for TMPA, The charts show Issues at four different rate If,vels - r 10 1/896, 10%0 9.6%, and 9% - with cost recovery, As shown in the ohxrts, these cases result in total savings as high as $86 million and present value ' savings as high as $27 million, based upon the stated Interest rate assumptions. If cost recovery Is not realized, the savings in each case will be approximately $7.5 million less than shown in the charts. We would work closely with counsel so that TMPA would be able to take maximum advantage of cost of issuance recovery without jeopardizing the tax-exempt nature of the entire refunding. 1 ' -5- 1 M e Strste,~ (Mven the volatile nature of the tax-exempt market and potential changes In the ruts on cost of issuance recovery, we are of the opinion that TMPA should aow position Itself to Issue Its new bonds during any market window, Since a market improvement of only 6/8% could increase TMPA's total savings by nearly $12 million, we propose to work closely with the Agency's staff, board and financial advisor in continually reviewing the market during the coming months so as to choose the best window for TMPA and thus maximize Its savings, r r r r e r r r r r r _6. r MERIULL LYNCH We believe that the strengths that have brought us to our position as the leading Investment banking firm In the field of tax-exempt seourities can be best put to use by TMPA If the Agency appoints Merrill Lynch as Its senior 1 manager for the refunding issue. Refunding Expertise Our knowledge and ability in the field of refundings is unmatched by any other firm. In the past year, for example, we were senior manager of 12 refundings amounting to more than $684 million. Less than three weeks ago we closed a $71.6 million refunding Issue for which we served as senior manager for the electric system of the City of Kissimmee, Florida. This Issue, which was far more complex I han usual since It was a refunding of a previous refunding, was structured to provide the maximum savings to the Issuer in the early years. In addition the Issue was closed exactly ong week after it was priced In order to take advantage of changes in the cost of issuance recovery rules, compared to the usual three-week minimum period for closing a refunding. Our oustom-designed computer programs, enable us to test a wide variety of approaches to a refunding quickly and easily and to structure a refunding so ` that it achieves the maximum savings possible. Oue knowledge of the M rules governing refundings means we can structure a refunding so that TMPA can also take maximum advantage of cost of Issuance recovery as discussed above. Lower Interest Rates and More Favorable Terms During 1982 we were senior manager of 168 negotiated tax-exempt issues more than three financings a week. This level of activity means that we are closer to the pulse of the marketplace than any other firm. Because of this we are not only the best at finding a "window" in the market, but we are also the best at achieving the lowest rates during any such period, In addition we are the leading underwriter of Texas tax-exempt issues, averaging $1.5 -7- a billion for each of the past three years. This leadership, combined with our premier positions In terms of capital strength and both institutional and retail market coverage, means that we can achieve the best possible rates available to TMPA in any market. ' In addition, our knowledge of the market means we can develop the most favorable terms of the issue for TMPA. We propose, for example, that TMPA's M new bonds be issued with a ten-year, 102% call, as compared with a 16-year call for the old bonds, Lower Underwriting Spread ' Our ability to market new Issues to both institutional and retail investors, in Texas and throughout the U,S,, would enable us, as senior manager, to offer the lowest possible underwriting spread to TMPA. With more than 436 oi'fioes and 9,500 retail account executives serving more than three million retail customers in the U,S. (including 33 offices serving more than 80,000 customers in Texas), our knowledge and penetration of the retail market is unmatched by any other firm. We also are the strongest Institutional firm in the tax-exempt field, with 48 Institutional account executives who sell only municipal bonds, At a time when retail investors still dominate the tax-exempt market, but institutional investors are strong purchasers of certain Issues, our ability to reach both types of buyers means we can offer TMPA a lower takedown (the sales credit). We know exactly how low the takedown can be and still insure a successful issue in any market condition. Our unequaled capital strength, combined with our proven marketing ability, means we can offer TMPA a low underwriting fee. Our knowledge of refundings, as outlined above, and our eagerness to serve the Agency means we can offer TMPA a low management fee. And our determination to hold down costs means we can offer TMPA a minimal expense budget. In short, we are confident that, under current market conditions, the underwriting spread for a refunding Issue on which we would serve as senior manager for TMPA would be considerably less than any underwriting spread which TMPA has negotiated in the past two years. 1 Service to TMPA We have been proud to serve TMPA as a co-manager on its bond Issues and as debt/equity agent on Its leveraged leases, We believe the savings we achieved for TMPA on Its three leveraged teases approximately $1,64 million per year as compared to tax-exempt bonds - are an indication of what we can do for the Agency, The team of James N. Baxter and Stephen J. Marmon, who worked ou the leveraged leases, will be responsible for the r refunding issue If we are named senior manager. They will be assisted in the area of refunding by John W, Cooper, 1H and ;irthur Staub. Edward Swanton, head of our national underwriting department, and Richard Litton, head of our Texas regional underwriting office, will spearhead our underwriting and marketing for TMPA, no team will be supported by John U. Miller, manager of our Municipal Utilities Department, who will further assist all our efforts, (Resumes of our team follow.) Many Issuers rotate the senior manager position among the member firms on its financing team. Such Issuers as the City of New York, the Massachusetts Health Facilities Authority, Salt River Project, the State of New York, and the Washington Puh±i, Power Supply System all have a policy of regularly "rotating the books." Just as many towns chenge their auditors every few years, simply to insure a fresh and unbiased look, so do issuers rotate their senior managership. Given our record of service to TMPA, our leadership in the tax-exempt market and our eagerness to further serve the Agency, we believe we can best help TMPA as senior manager of Its refunding Issue. r r r r r -9- RESUMES Jar es N. Baxter, Managing Director r James N. Baxter is a Managing Director in the Municipal Utilities Department with responsibitity for all public power clients in a seven-state region. He previously managed the leveraged lease financing and institutional equity placement departments of Merrill Lynch Leasing Inc. and headed Merrill Lynch's investment banking office In Tokyo, Mr, Baxter's experience Includes numerous lease and project financings, Prior to joining Merrill Lynch in early 19771 Mr, Baxter was with the Wall Street law firm of Sullivan & Cromwell, where he concentrated in financing transactions, A native of Georgia, Mr, Baxter is a graduate of Yale University and tl .rvard Law School. ' John D. Miller, Managing Director John D. Miller Is a Managing Director and Manager of the Municipal Utilities Department of the Public Finance Group. Mr. Miller has specialized in the municipal finance area since joining Merrill Lynch. He has personally negotiated over $11 billion in municipal securities including financings for the Orlando Utilities Commission, Orlando, Florida; the City of Memphis, Division of Light, Gas and Water; the City of Dover, Delaware, Electric System; the City of Philadelphia, Pennsylvania, Gas Works and Water and Sewer Depart- ments; the City of Pittsburgh, Pennsylvania; the New Jersey Sports and Exposition Authority; the New Jersey Building Authority; the Port Authority ' of New York and New Jersey; and the Government Development Bank for Puerto Rieo. Mr. Miller has also led financing teams in the special purpose fields of refundings, non-profit corporations, sports and recreation facilities, solid waste facilities and tax-exempt financing of real estate. In addition, Mr. ' Miller has worked on negotiated sales of general obligation bonds, industrial development bonds and bond issues for transportation facilities, public istilities, educational facilities, and toll bridges. Prior to joining Merrill Lynch in 1971, Mr. Miller served two years with the M United States Army in active military duty In Vietnam. He graduated as a 1 -107 Fels Scholar from the Wharton School of the University of Pennsylvania with a Masters degree In State and Local Governmental Administration and Finance. Mr. Miller's memberships in professional organizations include the American Public Power Association, the Municipal Bond Club of New York, Municipal Forum of New York, the International City Managers Association, Municipal Finance Officers Assooiatlon, and the International Bridge, Tunnel and Turn- pike Association. r John W. (Jack) Cooper III4 Vice President Mr. Cooper is the senior investment banker in Merrill Lynch's Public Finance Group for refunding transactions. Mr. Cooper, who joined Merrill Lynch In 1980, supervises the Group's efforts for various specialty financing areas including advance refunding, project financing and various types of collate- ralized bond Issues. During the past four years, Mr. Cooper has structured more than thirty refundings having a per value in excess of $1,000,000,000 using full cash, net cash or cross-over techniques depending upon the parti- cular need of the immediate financing. Notable among these transactions r were the $280,4901000 Turnpike Authority of Kentucky, Toll Road Revenue Refunding Bonds, Series of March 1, 1978 and the $186,880,00 Eugene, Oregon, Trojan Nuclear Project, Revenue Refunding Bonds, Series 1978. Mr. Cooper was also the lead banker for the $100,000,000 Alabama State Docks Department, Coal Export Facility financing which was completed In the early part of 1981. Prior to working in the investment banking industry, Mr. Cooper worked for a consulting firm which specialized In the application of computer techniques to tax-exempt bond Issues, Mr. Cooper was awarded an M.B.A. In finance from Columbia University Graduate School of Business and a B.A. In Economics from Wesleyan University. r r -12- r Stephen J. Marmon1 Senior Associate r Mr, Marmon Joined Merrill Lynch in 1981, He previously had reported from Washington for The New York Times and served as an editor for Time, Inc, in New York. Mr. Marmon received his B,A, in American history from the University of Pennsylvania, While studying for his M,B.A. at Penn's Wharton School, he was elected chairman of the Graduate Assembly of the university and vice- chairman of the American Association of University Students. A member of the Municipal Utilitles Department, he has worked on two refunding issues for the municipal utility system of Kissimmee, Florida; two leveraged lease financings for the Texas Municipal Power Agency and both the commercial paper program and bond Issues of the Memphis Light, Gas and Water Division. Arthur Staub, Researnh Analyst Mr. Staub joined Merrill Lynch in 1982 and has been involved in various phases of financing tax-exempt debt by public power agencies. Mr. Staub has - specialized in the computer-related aspects of advance refunding analyses and has written numerous programs to facilitiate these projects. Mr. Staub graduated from Columbia College In 1982, where he received a B.A. degree in computer science and economies. Prior to joining Merrill Lynch, Mr, Staub performed financial analyses for the Distribution Management Review division of Citibank, N.A. r` r Edward T. Swanto Vice President ~i Mr. Swanton, Manager of the National Munlolpal Underwriting Department, has 20 years of experience In municipal trading and underwriting, In his present position, Mr, Swanton is responsible for both bidding on competitive new issues and pricing negotiated new issues. Mr. Swanton has direct underwriting responsibility for all Merrill Lynch underwriting commitments. Eiichard Litton, Vice President, Mr, Litton, Manager of the Dallas Regional Muniolpal Trading and Under- writing Desk, manages the department in Dallas which underwrites and makes markets in municipal securities issued In the states of Texas, Oklahoma, Arkansas, Louisiana and Mississippi. Among the recent Texas financings priced and marketed by the Dallas regional desk are the $30 milion City of Dallas Convention Center issue and the $24 million City of Waco Waterworks and Sewer System Revenlio Bonds. Mr. Litton came to Merrill Lynch in 1978 as a result of the firm's merger with White, Weld do Co. He had provious experience with the Republic Bank in Dallas, Mr. Litton graduated from the University of Texas with a B.A. In economics and finance. ~13- co ~ t1 O 0 3 r c I't Cyr 1, I 1{, ~~1• ~3 ~Y [)Itt~l ,l ~~t(~}p~5i'll `~.,'7' VO O ` c 1 4r I 1 1 l Y ~ T~ ry, b~~ x 7 f + 1 (o eta Z r a m C ' e p r ~ w 3 0 O z r; 0 CO) !0 Z N y 1 1 1 .err ■o ~ o r Q ~ t :o 3 3, ~r 3 me `r ya r N 0 N r J "yy,,11,Cff r~ ,o:Ur~ 1 1,i~ c ' qn ! .mow b 3 tL! 777, rd 1. `t :v1 IE ( 1 ~1 t . y P d ~9 i7r ir7 7 : t ht, ~ ti,Y 1 r , w , O L b v J O J N b C t e l t r yI r r r r iN r r r r Delol<te Haskins+Sells Ono Main Place Dallas, Texas 76260 (214) 748.6601 Nex 732648 CONFIDENTIAL Board of Directors December 15, 1982 Texas Municipal. Power Agency Arlington, Texas We have examined the financial statements of Texas Municipal Power Agency (the "Agency") for the year ended September 30, 1982 and have issued our report thereon dated December 15, 1982, As part of our examination, we made a study and evaluation of the Agency's system of internal accounting control to the extent we considered necessary to evaluate the system as required by generally accepted auditing standards. The urpose of our study and evaluation was to determine the na ure, timing, and extent of the auditing procedures necessary for expressing an opinion on the Agency's financial statements. Our study and evaluation was more limited than would be necessary to express an opinion on the system of internal accounting control taken as a whole. The observations reported herein should be considered in the context of the responsibility of management for establishing and maintaining a system of internal accounting control, the objectives of and inherent limitations on such a system, and the definition of a material weakness.for purposes of this report, which are described in Appendix C to this report. Our study and evaluation made for the limited purpose described in the first paragraph would not necessarily disclose all material weaknesses in the system. Accordingly, we do not express an opinion on the system of internal accounting control of the Agencv taken as a whole. However, our study and evaluation disclosed no condition that we believe is a material weakness. Our examination did, however, disclose conditions that, although not considered by us to be material weaknesses, are weaknesses in internal accounting control for which corrective action might be taken, These conditions which are described in Appendix A were discussed with management during the course of our examination. The status of our recommendations on int<,rnal accounting control matters oontainod in our letter to the Board of Directors elated November 25, 1981 resulting from our examination of the Agency's financial statements for the year ended September 30, 1981 is summarized in Appendix B. This report is intended solely for the use of mallsgement and the Board of Directors and should not be used for any other purpose, After you have considered these comments, we shall be pleased to discuss them further with ou and to assist in the implementation of the recommendations, We wish to express our appreciation to the Agency and its personnel for their cooperation and assistance to us during the course of our examination, Yours truly, 2 - 1 APPENDIX A COMMENTS RELATING TO INTERNAL ACCOUNTING CONTROL MATTERS - SEPTEMBER 30, 1982 EXAMINATION GENERAL Observation Subsequent to the end of the fiscal year, resignations of a number of people in the financial area (due to moving the Agency's general offices to Carlos, Texas) appear to have resulted in a lack of segregation of duties in the cash disbursements area which may have reduced the effectiveness of internal accounting control. Recommendations To compensate for the lack of segregation of duties, the internal auditor should perform detail testing of recorded cash disbursements during the first quarter of fiscal year 1983. In addition a review )f internal accounting control should be performed of other areas which may warrant additional testing or reassignment of duties as a result of the move of the general office to Carlos, Texas, COMANCHE PEAK PLANT Observation In prior years we have recommended that expenditures recorded for the Agency's interest in the Comanche Peak nuclear power plant be reconciled with the project trial balance maintained by Texas Utilities Generating Company (1'TUGCO"). This reconciliation has not been performed on a regular basis and as a result- there were several errors in recording relief of the construction advance account which required audit adjustment at year end. Recommendation Complete the reconciliation of Comanche Peak expenditures recorded by the Agency with the TUGCO trial balance and establish a formal procedure which requires a monthly reconctliation and prompt investigation of any differences. DEPOSITS Observation There are no formal procedures to monitor and control refundable deposits paid on returnable merchandise (wire spools, etc.). 3 1 Recommendation A system should be implemented to identify and account for refundable deposits paid on returnable merchandise, Procedures should include a pariodio inventory of the merchandise on hand and a method to report when the merchandise has been returned. We understand that accounting personnel are currently addressing this issue. FUEL STOCK Observation Cost of fuel stock on hand at September 30 1982 (consisting of oil in storagge and lignite In the stockpile) is included in A/C 107 Construction Work in Progress and has not been separately reported in A/C 151 Fuel Stock as required by the Uniform System of Accounts. Recommendation Although these amounts are immaterial at September 30, 1982, procedures should be developed to properly identify and account for these costs in the future. We understand that accounting personnel are currently addressing this issue. DEFERRED COSTS Observation It was noted that certain operating expenses were improperly classified as deferred costs which required an audit adjustment at year end. Recommendation Deferred cost accounts should be periodically analyzed to determine that all amounts are properly includable in the account and that systematic amortization of these costs over the relevant period is being made. NOTES PAYABLE Observation Payments for land notes are approved and coded by the legal services department. On several occasions, the payments were incorrectly coded and therefore misposted in the general ledger. Subsequent review of accounts at month end normally detects the miscoding errors. -4- Recommendation Invoices which are approved for payment and havo account ooding assigned outside the financial services department should be closely scrutinized for propriety before recording, In situations where the entry is of a recurring nature formal procedure memos should be used to communicate proper account coding. ACCOUNTS PAYABLE Observation We noted one tnstanee of a duplicate payment of an invoice in thesamount of $46,085,40. Controls appear to be in place through the purchase order system that would eventually detect a duplicate payment; however it is possible for a duplicate payment to be processed and rendered prior to detection, Management has informed us that the $46,085,40 duplicate payment was detected by the system and that a refund has been received. Recommendation Consideration should be given to modifying the accounts payable system to reject duplicate payments of a voucher and/or an invoice prior to payment, In addition, the purchase order status sheets should be manually scanned at the time of posting payments to identify any duplicate payments. PAYROLL Observation Individuals with unlimited access to the payroll master file have the capability to create files and make payments to fictitious employees. Recommendation An edit of all changes to the employee master files should be supplied directly to the personnel department nor review. In addition, on a surprise basis, persons independent of the payroll function should periodically hand distribute payroll checks to prove the existence of employees receiving checks. FORMAL ACCOUNTING PROCEDURES MANUAL Observation A procedures manual has been developed by the Agency and is constantly being reviewed and updated. There are many 5 r functions in the financial services department however which have not been properly documented in this manual, Proper documentation of procedures ensures adequate levels of internal accounting control, and facilitates oompletiori of necessary accounting procedures when responsibilities are assigned to individuals who are not familiar with the task. Recommendation Formal written procedure should be prepared for those functions which have not been documented. These procedures should be periodically reviewed and updated as necessary, INFORMA'T'ION PROCESSING Observation Manual processing of information is performed whore the capability exists to havo the computer do the work, The following examples were noted; (1) A manually prepared trial balance is used to reconcile fund balances. (2) The computerized investment ledger is used only to calculate interest accruals and discount/premium amortization. A manual ledger is used to generate monthly transaction journal entries. (3) A manual detail. of notes payable ana accounts payable is prepared on a monthly basis. Recommendation The capability exists to have some of the more time consuming manual tasks performed by the computer. With respect to the above observations: (1) A trial balance of all accounts should be printed with the detail general ledger. It should be formatted to facilitate use in reconciling the fund balances and the preparation of monthly financial statements, (2) The computerized investment ledger should be used to generate the monthly journal entries to record purchases and sales of investments. (3) Separate sub-accounts should be set-up for each note payable. In this way the detail would be included in the general ledger. (4) The accounts payable system should be modified, if necessary, to generate a listing of open payables. 6 in 8onerai, manual functions should be reviewed where the oappability exists to have the information performed by EN4 However, care needs to be taken 0 ensure that proper oontrols are maintained when using new EDP applications so that any errors or discrepancies are identified on a timely basis, 7 1 APPENDIX B STATUS AS OF SEPTEMBER 30 1982 01' OBSERVATIONS AND RECOMMENDATIONS ON INTERNAL ACCOUNTING CON'T'ROL MATTERS - SEPTEMBER 30, 1981 EXAMINATION Land Office - Procedures have been implemented in this area w o greatly improve internal accounting control inoluding written confirmation of all transactions by internal audit. Cash Receipts - A lockbox system is now in use and any etiec, s received directly are required to be restrictively endorsed immediately upon receipt. Payroll - Procedures now provide that canceled payroll c ee s for persons associated with the payroll function be examined by independent persons and compared with authorized pay rates. Cash Disbursement - Cash vouchers are required to be cance e by independent persons prior Co being raturned to the cash disbursements clerk. Procedures now provide that payments of note'or lease obligations be mailed directly by the financial services department. Personnel - Procedures now provide that references be chocked when specifically requested by the department requesting the additional employee(s). However, we recommend that references be checked for all hirings as a matter off' policy, Construction Accounts - Construction overhead was reca u ate an a ocated during the year. Amounts representing electric plant in service have been removed from the construction ledger. An analysis of purchase order status sheets has been completed and totals of payments to date are required to be compared with the totals on purchase orders and/or contract amounts prior to authorization of an invoice for payment. Comanche Peak Plant - A reconciliation of Comanche Peak expenditures recorded by the Agency with the TUGCO trial balance has not been completed. Differences aggregating approximately $205,000 still remain as of September 30, 1982. Our recommendation for this weakness is included in Appendix A. - 8 - Inventor An inventory control system has been installed and descriptions and quantities are currently beinghe entered for inventory items, Policies concerning t identification and costing of sppare parts and other inventory items have not been fi.nalixed, Bond Ex enses - Amortization schedules have been re a cu a e to reflect the sinking fund method of amortizationo Miscellaneous Accruals - Improvements were made in the procedures or ma ng year end accrual eiitries. - 9 - 1 APPENDIX C MANAGEMENT'S RESPONSIBILITY FOR, AND THE OBJECTIVES AND LIMITATIONS OF INTERNAL ACCOUNTING, CONTROL AND THE DEFINITION OF 4 MATERIAL WEAKNESS The followin8 comments concerning management's responsi- bility for internal accounting control, the ob ectives of and the inherent limitations on a system of iN ernal so- counting control, and the definition of a material weak- ness are excerpts from Statements on Auditing Standards of the American Institute of Certified Public Aceountants, MANAGEMENT'S RESPONSIBILITY Management,.,is responsible for establishing and main- taining a system of internal accounting control. In ful- filling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of control procedures, OBJECTIVES The objectives of a system are to provide msnagemer,t with reasonable, but not absolute, assurance that assets are safeguarded against loss from unauthorized use of dis- position, and that transactions are executed in accordance with management's authorization and recorded properly to permit the preparation of financial statements in ac- cordance with generally accepted accounting principles, LIMITATIONS Because of inherent limitations in any system of internal accounting control, errors or irregularities nevertheless may occur and not be detected. Also, projection of any evaluation of the system to future periods is subject to the risk that procedures may become inadequate because of changes in conditions or that the degree of compliance with the procedures may deteriorate. MATERIAL WEAKNESS A material weakness (for the auditor's purpose) is a con- dition in which the specific control procedures, or the degree of compliance with them do not (in the auditor's ,judgment) reduce to a relatively low level the risk that errors or irregularities in amounts that would be material in relation to the financial statements being audited may occur and not be detected within a timely period by em- ployeis in the normal course of performing their assigned functions. These criteria may be broader than those that may be appropriate for evaluating weaknesses in accounting control for management or other purposes. - 10 - CONSTRUCTION MANAGEMENT INFORMATION REPORT Gibbons Creek Station Gibbons Creek Transmission /Substation Gibbons Creek Lignite Mine System Development 81 Reliability Projects SCHEDULE STATUS THRU JANUARY 1983 ACCOUNTING DATA THRU SEPTEMBER 1982 CURRENT ESTIMATE DATA THRU'JANUARY 1983 O O T 06ud MILLIONS OF DOLLARS N w 0 -I 0) cp0 0 a O O O O o a o ° O Q a A o 0 O 'ttilil+~• ,?1;,,}•~~~1~~}~)~1i~, t r ~}I'~~, ~7~r11+~'71~+1ti++,~ }'tl,:{Il?fr}•.{ ';rr t r~{.:tr•`!t {`E1rtj ~i151'ir.;:t11 11!}; i r{j r~}' `0o N ~1~ + i>t'yl~lti 1tl E~kI+ t tit iilttt+'' tt' ++!?+•?ii < r {;,i,{?l,,L,,,,}tyty,`1{if,~~ti;'•t~{4kj~?'tl,;~~t' ~?ti~ttl~~fi1~;,'rr7l~~if~~t'/. ~ \ T .t: •:I 1', f t7.,: ify~ St .1 , ~ ~ ' tii' V Q I Q r t t.. 1 t ! '{t • t r• t t M bq t 1+'tl+r~t:.ti.l.lt iitl, +~1+r,(.~ iLt}~l f 7•.d;l:,.,;r :Qr ~ ; 11, r{ r•v 1 s ili, rrl;; ~ t•7,r;,. rt" W ~lt.S;lid7•!f;''~ ~1~j ~iitltf }llj}1r'!r}•; +rS,~~O •,y .r' 11~4i, kI\~ w Q ..J 1}•?•' ;r; ti ti'' ~ "•:}t(}1~~,,+ t'+r J.f{s f Eia }~tj' t N W {}Itr Y{1 !i~1+it ##t} ~~+i I'~rt 41i D+:}r~'•N j t tl. Si't'{ Vt l°D \ r © c~ D „n ~ z In r! z ' t~ t } th t ' }di: ):~f ( a •s:;ik,t7 , D Ij ?t tl t} 7}; + vv; t tit}y „~,;•bri tt}' r ~ wa D I+tt;i,,,:t'ytili1~11+,'l}ilriu.lC NSrrrr S ii''tt~i}f,4 N~ w 1:' ' " t~ , tl; t• Y, r t,lyl~; t ft 1 o j 4 7 ,',tSt1 ,ti?,Itt~'ttlil~~1•• i'A 1~ Q ;}{'~ii~tlifl,~tt;?i,•+''f~i"t11+ ;1t++5~i}1t'(({rilttf{~ ~i~f'~i(ril't ~ Q m •t{~ ~ ~tti+~ i'i13~,t,(7 ~ y rt7.rii't1tE~ JS'}~r;'7., Oo ~r r;•1,r }•iy, ,fi+; u,~} !tiro{,:,,~ ;W ~ vy,.t• .p m G) f7f~~?i},tiit'}i;;ttt !i?i•;ltt,:f~;r,E;1•,~~{,,',~lrll}!Z; i7f~ 'i,7r1} "•i}i:y ~ \ ~ r~/~r (fl ty ~!qt j'i+k., •tstlt}l s s , pit Iv i• ~"'1•.+•p, D ~ ~ V / t?,t~'i i'~,'t';t ~ t1t+ •}};,r7rr?:rt',S1• {l;:}~ i~ :~ii~' ~ n v co ;i}~~' ~ , r' rr!!,~•7f?~',,` Y i }t ~i,(i+rC51"'~'}tt;• fp t{.,krl~~i~( €r•:~;:~ ~ N w N )(!I'jIr},':i, i tij};~~~}~'1 ~ It'•fji~ tirtt•4r,t'Is} 7; ~ 1 \ rn iti':i;~?+.{';.+ ,.~1•}irl t ~ f, ~`Ett• t; ~ ~ thr•/rr;~'!•u rn Q r-+ ;t7+s•,;r; ' ~,,~i,~•7{;t1'iy, it t?'~tii t.t'iEittr:,r; ,1.1r':;;t;a..t+t;;,;t:,t.ii~~; ~ \ rn I ',4:i;,r~,.,~t;:.;.:,;r;;;:.;;: y,y •r"++.~t,l.,~k(~64. tf,r ✓y 10 I } lii(;ttt„t,;lii7j.r lI„t}:.•i:r,.•tir• I~y3 N,, t~;{,• C 'i~riit~~~lt rrrr7tt.,+7r.:. jE'tfrrrf!l;}!;};}}Slrri;~!'' 1,y1},tlii'Qp r:;l '7 j.~J ~}t; 1I~1~ ~IIFlt •t!lr:~}'(71~`': t't'' 3}tf ~1~14f+7i~l lti}}{t t} 7f t'~',~•'~'y f" /-1 I~71f ~t•r{:+:~e~':{777} r. ~•t:r l} th~t~'JI1.. •.li '~:(Y .r; ' }ill;, ((:;;rrr„•t t}" t{+r} ;}yl?~•' ~ ,~fij(t ..f•;• :{i+',~.i~. 4rr;7ti 1th, ytkr, .J!,,.b 4n ~ S r+ O "•i z 0 7 N M ~o tae use m rn m a a t~ r+ to lG O fD<0Cr rD 0 t 4 r9 Tan '°'s a C+ z e~~d ` PERCENT COMPLETE vji CY t11 W ~ ~ NI ~ ~ PI Nl 1e~'. W •n N cn p HIT, X z z n ` O q M r 1 S tit \ f r~ > ~ > v ~41\ m w \ h z n a~ d N~ TIME NOW L4 COMMERCIAL OPERATION MAR 83 x w TIIXAS Mc1~ICTPA'>+ PCMfE~i A(£>:N(J7f CONSTRUCTION COST ESTIMA'TM (NOT 'INCMM FIWO'Ra) (TUOOSANW) Deo. 1982 1Selyt 1982 Sept 1982 Official Jen* 1983 TO To Statement Current To Date Date CoatpleEe Nstimate Estimate Varimwo GIBBONS CREW PRWW)T Gibbons Creek Plans $380,054 $ 38,474 $418,528 $412,457 $ (6,071) Gibbons Crook Trans- mission/Substation 43,304 5,554 48,658 44,722 (3+936) Gibbons Creek Lignite Mine 999_746 (5,801 ^93:945 X579 _(2 6 SrZbect7--0ibbone Creek Project 523,io4 38#027 561,131 553,755A (7,M) & Development Demi Pro eo ,s 43,441. 400636 84#077 840216 139 TOTAL $566,545 $7'8#663 $645#206 3637#974 ($7434) *AWW & finance cost are not included 1 Cost to dtite is estimated 2 Does not include the reduction which will be realized with leverage leasing of the conveyor. 3 Credit is due to the fact that the leverage leasing of. Drag4lne "B" has not been incorporated in the accounting data$ ' i Page 3 y e8~~ PERCENT COMPLETE ' M ti x V) N ON o rn w m n ' z \ rm O rrl m -o ~ > y > o z z c~ b 1 N U m Ul r S ' n L^ INITIAL LIGNITE FILING NOV 82 TnZ NOW 14 ° N , n3 COMMERCIAL OPERATION MAR 83 to ~ t _ w it a` Ohd wW p `l PERCENT CCMPI.ETE ill ~ UI ~ In w cn W l~ W ui ~ crt 'n ~ N u r1 m m > x w m~~ z\\ a~$$ G 00 o m Z a \ ~ H i H O .Tl In m o CNQ , Z > o n En z U , II INITIAL LIGNITE FIRING NOV 82 Z o TIME NOW C4 COMMERCIAL OPERATION MAR B3 z w z g' 05vd CUMULATIVE (DIRECT) CRAFT MMHOURS (000 a --r1 rm--1 1--r-'1 1 1 ti a IV z C e z C) w H 4 %V r o o Rz d CCJ CLn -m Ni ti . 0-4 ° o ti4 w y a 1' ' ~ ~ h Lm INITIAL LIGNITE FIRING 11/82 ~ z ~ r+ N ae I ~ J, co cn a o C7 t to to mi COMMERCIAL OPERATIONS 3\83 N N ~ ~ C 'CS ~ O "f Ji A fD N mm y S .a. M TURBINE ROLL 10/82 A ;9 N ;I m N r r ~ m TIME NOW " I ~ I ~ LI a 00HAERCIAL OPERATION i GIBBONS CREFIC PIANT DMT NO 1 CON MOTION COST FSi'INI M (NOT INC=IIVG YMMING) (TNCA313ANDS) Deo* 1982 Sept 1982 Sept 1962 Official Jan. 1963 To To Statement O'nrreat To Date Date dame Batimate Estimate Varianae 309 Land &c band Rights $ 10,023 $ 5 $ 10,238 $ 10,210 $ (28) 310 water Rights 2,325 (270) 2,055 2,325 270 311 Struotures &s Improve ments o0,178 5,607 65,785 65,730 (55) 312 Boiler '1ant Equip- ment 142,856 6,635 149,491 149,520 29 314 Turbine Plant Equip- ment 24,144 (319) 231825 24,687 862 315 Aooessory Inectrical 28,066 1,893 290959 28,538 (1,421) 316 Miso. Plant Equip- ment 5,899 2,331 8,230 8,150 (80) 1 *300 Overhead & Indireot 106,563 22,382 128,945 123,297 (5,648) TOTAL $380,054 $360474 $4180528 $412,457 ($6,071) *AMDC not inoluded 1 includes approximately $42 ,5 46 of General Contractors overheads. I Page 8 1 1 G7 Q PROJECT SUMMARY VARIANCE ANALYSIS - POWER PLANT SCHEDULE A composite evaluation of all contract schedules for plant work reveals progress to be a net 0,6% behind schedule. This is 0,1% improvement to the deficit re- ported in December„ Austin Power, the General Contractor, made 0,3% progress in January versus the 0,1% planned, Cumulative proggress scheduled thru January wa3 100% and actual progress was 99,0q. This is 1.0% behind schedule, The Startup Group is now working toward reaching the maximum load of the Power Plant in February, In addition, startup work continues on the scrubber, bottom ash, fly ash, and FGD facilities, COST ESTIMATE x 1 000 VARIANCES HAVE BEEN REPORTED IN PRIOR MONTHS. ONLY VARIANCES FOR THE CURRENT T R RE OR B , 312, Boiler Plant Equipment $ 42 Committed monies for the use of a mobile flow water treatment unit. 316, Accessory Electrical (11451) Moved estimate for unit step-up trans- former to Gibbons Creek Transmission/ Substations Projects. 316, Misc, Plant Equipment. (42) Used uncommitted monies to cover use of water treatment unit described above, TOTAL NET DECREASE $(11461) Austin Productivity/Manhour Expenditures Austin expended 73,717 manhours for each percent complete for the month of January. This is above the monthly target of 36,660 manhours per percent complete, The cumulative to date rate is just slightly above the cumulative target, Austin reduced their manpower by approximately 3 people in the month of January. They presently have 202 people on site and will continue manpower reductions as the finish work is completed. page9 Ol 0bvd PERCENT CpMAI.I'TE ~1I (1~ ~J Q~ {Q /ryh H PI l1~ ~ U1 C9 ~ ~ NI W 1JI ti 'n H ~ x a > N Z U) ! C o i H µ Z ! H c, ! m H n N > ! r m fp ~o rr-tl - M ! H~ m n z INITIAL LIGNITE FIRING NOV 82 a c., Y COMMERCIAL OPERATION MAR 83 w > Glum CREED TRANM=0N/9U13=IW CONSTRUOTION COST ESTIM" (NOT Ii1=DW vnwvm) (TM(,B NDS) Tl;w. 1982 Sept. 1982 Sept 1982 Official Jan. 1983 To To Statement Current To Date Date late Estimate Estimate Vexisnoe 349/350 Land & Land Righte $ 5,054 $ 105 $ 5,159 $ 5059 $ -4~ 353 Substations/Switching Stations 15,970 20439 18,409 18,005 (404) 354 Transmission Found atione & Towers 70606 796 8,402 8,402 -0- 355 Transmission Line Poles 10821 (62) 1,883 1,884 1 356 Transmission Conduotors and Insulators 90527 10159 10,686 7,153 (30533) * 300 Overhead & Indireot 3,326 793 49119 4,119 -0- TOTAL $43,304 $5054 $48j658 $440722 ($3,936) *AYMC not included page 11 PROJECT SUMMARY VARIANCE ANALYSIS - GIBBONS CROCK TRANSMISSION/SUBSTATIONS (NOT INCLUDING SDR PROJECTS) SCHEDULE No variance, These projects are complete and are delivering power, COST ESTIMATE x $1 000 VARIANCES HAVE BEEN REPORTED IN PRIOR MONTHS, ONLY VARIANCES rOR THE CURRENT 1 WF7Rr ED BELOW, 353, Substations/Switching Stations $1,460 The estimate $1,461 for the unit step-up trans- former was moved from the Plant Accounts to Transmission/Substations, This was offset by $(1) in uncommitted monies to cover a Change Order to Power Constructors, S-1206-A1, 356. Transmission Line Poles 1 Committed monies for a Change Order to Power Constructors, S-1206-A1 TOTAL NET INCREASE $1,461 Page 12 E! ab-Od PERCENT COMPIXTE N w ~!I p~ y M l9 ~ LSi Cg W 4D W ti T H ~ m~ N C Z C1 ` ♦ ~i I I O M 0 v m m 1-4 w> > z m N m INITIAL LIGNITE FIRING NOV 82 ` \ { z - - o TIM NM, ti COMMERCIh, OPERATION MAR 83 W 4 ' NS Q ' LIWTH KW CaNS`l' OTION COST EM MHTE (NOT 30= m FINAN+ M) (MMM) Dec. 1962 Sapt 1982 Sept 1982 Official. Jan. 1983 To To Statement Current To Date Date_. Comlete Estimate DfUmmate Variance 399.1 Land & Land Rights $25,088 $ (132) $ 24,956 $ 25,012 $ 56 399,2 Improvements Lo Mine Site 13,757 31209 16,966 16,020 (946) 399.3 Structures & Facilities 9 272 523 91795 9,911 116 399.5 Mine Equipment 29,276 (18,608) 10,668 9 506 (1,162) 399,7 Mine Power Supply 190 1054 ir344 1,320 (24) 399.8 Other Mine Equipment 54 11 65 65 -0- 399.9 Spare & Lubricants 95 10 105 105 -0- 300 Overhead & Indirect 22,014. 5,032 30,046 34,640 4,594 TOTAT, $99,746 ($5,801) $93045 $960579 $20634 M *AM not included NOTE: Leverage leasing figures for the conveyor system will be incorporated once they are finalized. They are not included in the figures above. However, the leverages lease monthly payments for both droglines and the cost of the conveyor are included in the current estimate. Page 14 1 1 PROJECT SUMMARY VARIANCE ANALYSIS GIBBONS CREEK I, IGNITE MINE SCHEDULE The Mine is 99,0°% complete through January, Pond IDA is the only remaining work to be done and will finish in March, The draglines continued to dig coal in the Mine. The Permanent Mina Facilities were completed in January, Navasota Mining moved into the Permanent Mine Facilities in January. The Overland Conveyor con- tinued to deliver lignite to the Plant in January, COST ESTIMATE x $1,000) VARIANCES HAVE BEEN REPORTED IN PRIOR MONTHS, ONLY VARIANCES FOR THE CURRENT MORN h RE RE=RC Miscellaneous adjustments were made in the estimate detail accounts with no net variances, Page 16 ,121.E 1 W INV 1 1 M { K1 I~ `,MGM-!•C-I`~ rri I , 10 y I Ll C I ~ 'i a6vd ~V l~ 1 19 ~-4 0 CD C) ri...._..___.._.____.-..____...____...__._._.._._._ I:pipppppppCMG) 1 ~ WCNN . t I E~ • MM DEMPKENT & I' MILITY PRQJBG"1'D CONSTROOTION COST ESTIMATE (NOT IXCWDIIG FSNANCIW) (THOUSM) Deo. 1982 Sept 1982 Sept 1982 Offlotal Jan. 1%3 To To Stat omt Current To Date Date Conloto Estimate kbtimate Variance 349/350 ]Land & Land Rights $ 7,121 $ 692 $ 7,813 $ 7,813 $ -0- 353 Substations/Switohing Stations 13,490 i0,918 24,408 24,445 37 354 Transmission Found- ations & Towers 4,923 i2,460 17,383 17,377 (6) 355 Transmission Line Pules 507 2,636 7,893 80004 111 356 Transmission Conductors and Insulators 4,879 8,432 13,311 13,314 3 Other Ebel Anquisition, Miorowave & Boo, Dispatoh 1,694 1,778 3,472 3,472 -0- 300 Overhead & Indireot 6,OT7 I720. 9,797 9,791. _ (6) TOTAL $43,441 $40,636 $84,077 $%%216 $ 139 *AFM not included , Page 18 PROJECT SUMMARY VARIANCE ANALYSIS ^ SYSTEM DEVELOPMENT & RELIABILITY PROJECTS t. SCHEDULE No update. COST ESTIMATE (x $1 000 VARIANCES HAVE BEEN REPORTED IN PRIOR MONTHS, ONLY VARIANCES FOR THE CURRENT MONTH ARE R OR ED B 0 353, Substations/Switching Stations $ 7 Committed monies for a Change Order to L, E. Myers, S-1305-A2, 354, Transmission Foundations & Towers (6) Used uncommitted monies to cover a Change Order to R, S. Goodman, T-0505-A1, 355, Transmission Line Poles 5 Committed monies for R, S. Goodman, T-0505-A1, 300, Overhead & Indirect (6) Used uncommitted monies for L, E. Myers, S-1305-A2, TOTAL NET INCREASE $ -0- Page 19 aT.~ y ' I r" I ~~1 I .r~.&' a I !I 't ww" O'Y'frRY~F' ' iPi1J~ r , } XtlY I tl I :'t 1~v I, 11 11 1 11`~;fr 11 1 l I•' l' y! t i 1 1 /VI (i" y / P I II~ 1 I ~ 1 I I 1 y' nl 'I ! , t11 1 1. ~ 1 ~f r1~ '.I ~ t, y .I - r t 1 I. , I 1. t If I r. f I 1,}j I 1', ~ 7. 1 ~ I 'll L~i r 1 1 i~, ~it Iv 1 ,ai I t .y l~ 1 E . r i I y I 11 i 1 7 I J 1 1(11 i ~iylP ~ c 1..,1 r L1 1111, l 1 1 ~ l' I r II :11 ~ •v 611 1 ' '.t t l 1 , 1 4~A l4 y~ 71, I 'l t ~.(t I v7~ ,.I. 11 1. I I } .r, I~~~I 1. rl 1(l I 1+ 1 I 1 I\ l} } I t 11 .Ir ,1 1 I I i r y , i t 1/ t l l h (l tl WIN 't r t l t7IYnw+nv~ 1 I! 1 t' I J r l r s 13 q l I'': E~~ 1; 6 'I ~I I 1 F ,C 1C 1~. 1 t 1 '11. ! ' Iv~lr `I rl S;r is 1 I tl,t 17~~" tl 7} t ! `I I Itl}, tf4r i 1 Fr .!111 I I:I~ I vt v~1 ~t 7 t~ tl A I' f~l fti' %S' 1 1 I I! I: I S 1 Il I l r i I , r!ti 1 1 v 1 I 1 en ( r~,l I!{ J i) I S{~}{ I11~1 1 ~ ~ i 1 I ti j1~ 1 t` r o-~ I! 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I r h~ , 1 ~ ' I , 1 , u f t i, r .1 A r 1 V i {I ~ r 1 ~ ~ 1 ~ I v 1 ~ lE'~ I, 1 7 1 1 11 Ili l l t♦ 11~ 1 i ''II 5 J l p~ 4" J! r• i+P1v ly` r t ll I l , a t li I 1• 1 . f I 1 11.: r, I t:. 1 t f 1,! l!8~' lt" `4,~id{1~~ tiM ~y', 'y ~1 L,1 I 4 lj se 1 1 v y1 E r I . r11 F r ,,t li't.: , 1 1 ~yl ~L. I IJ , t 1 ~4l ( 1 r l i. ! 'r 1 ' ~ It 1, 1 rl l l 1'j, 1 v~~ .!rid. ! 11 : 7. , . . 41 11 j~" ttt 'y I}I, 'x'11 1'.~~Ilnr~ 4`a~ yl?1t1tYV,-SI, J(pt`% I 1 I / y' ~1'S111 r(:g tF,03r..4.f11 ~ 1 . I, NMI . r r r - r 'faxes Municipal Power Agency Refunding Analysisrni#i1Ba neW Page i pr s p at ni O. Incorporated ! LE OF CONTRNTS INTRODUCTION The Advanoe Refunding Technique, 1 IRS Arbitrage Structuring of Savings,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,~~~~ 2 FINANCIAL ANALYSIS Proposed Options,,,,,,,,,,,,,,,,,,,,,,,,,,,,1,,,,1 „ 1..,...1, 3 $ummary of Financial Results,,,,,,,,,,,,,,,,,,,,,,,,,,,,4 Interest Rate Sensiti.vity,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, 7 Effeot ofsNegative Arbitrage „ 9 Outstanding Debt Servioe,,,,,,,,,,,,,,,,,,,,,,,,,,~,,,,,,,,,, 10 option 1 4 .4 6 0 0 4 ..6 .1 4 0 0 6 .0 1 .1 0 0 4 6 0 4 4 4 a4 ,,.0 10 0 6 4 4 4 4 0 6 1 0 4 ,4 4 1 , 15 Option 20000 101,,,4 ,6 4 ,4 0 ,4 1 0 ,,04 4 ,,,,1 44444 4 64,0 044 6044 0 4 4 4 , 20 option 25 option 4.♦ 1,..,,...,..,,....., ~j30 option 51.1..1 35 SMITH BARNEY General 40 History 40 Form of Organization 40 Publio Finance Division 40 Advance Refunding Experience 41 Electric Power Experience,,,,,,,,,,,,,,,,,,,,,,51 Texas Revenue Bond Financing Experience,55 1. 1 1 f l I r i~ „W. ~r 1 ' ~ i ;i I I Texas Municipal Power Agency Refunding Analysis Page ' Marr s p an & CO. Incorporated ndcTloN The Advanoe Refunding Technique The 0,o-n- refunding technique involves TMPA selling a new series of bonds (the "Refunding Bonds") for the purpose of refunding all or a portion of the Series 1982 Bonds (the "Refunded Bonds"), As provided in the Bond Resolution, refunding bonds oan be issued at any time to defease all or a portion of the outstanding bonds, Proceeds of thA Refunding Bonds world be used to purchase a portfolio (the "Refunding Portfolio") of State and Local Oovernment Series Securities ("SLOs") offered by the Treasury of the United States expressly for this pur- pose,' Until recently, arbitrage regulations limited the yield on the Refunding Portfolio to the borrowing cost of the Refunding Bonds, exclusive of financing expenses, Because of the higher coupon on the Refunded Bonds, they would be called in advance of maturity on the first available call date, March 1, 1997. befeasanee is aooomplished by the a'tbstitution of one p)adge for another. To accomplish a net defeasanoe of the Refunded Bonds, 1lefonding Bondo would be issued and the prooeeds used to purchase a portfolios of SLOs such that, as the interest is paid and the SLOB in suoh portfolio mature, the amount received from the portfolio would be sufficient to pay the interest, premium and principal requirements on the Refunded Bonds, Henoe, the Refunded Bonds would no longer be an obligation of TMPA. The net defeasanoe method of refunding has several noteworthy eharaoter- isticst (1) it is a "clean" swap of the Refunded Bonds with the Refunding Bonds; (2) the Refunded Bonds would immediately oease to have any pledge on revenues; (3) the yearly debt service reduotion may, if desired, begin immediately; and (4) the holders of the Refunded Bonds would have, as security for the Refunded Bonds, a Refunding Portfolio of United States government securities. IRS Arbitrage Regulations Since 1978, regulations promulgated under Section 103 of the Internal Revenue Code have prohibited the rsoovery of underwriters' discount and isst%anoe expenses of refunding bond issues, The allowable yield on refunding hl portfolios, funded from refunding bond prooeeds and utilized to pay the debt service on the refunded bond issue, has been restricted to the Effeclive Interest Cost on the refunding bond issue without adjusting for funda expended for the underwriting and other costs of issuance. In other words, the formula used to calculate Effective Interest Cost has not taken into consideration the fact that issuers do not receive the total amount of proceeds from a tax- exempt bond issue and instead reoeive this amount less underwriters' discount and issuance expenses. uxas unioipal Power Agenoy ~ Refunding Analysis P4ge 2 mi~hopgnem May & COO Incorporated those rein ationa were c al enged by the State of Washington and have been fudged to be invalid by the Tax Court and the United States Court of Appeals for the pistriot of Columbia, While ruling the regulations to be invalid, the Court of Appeals did state that the internal Revenue Servioe oould take action to prevent the recovery of "excessive" underwriting and issuance expenses, Since the Internal Revenue Service did not appeal this decision by January 17, 1983, the effect of this court ruling is to increase the allowable yield on refunding portfolios funded from tax-exempt bond proceeds, The calculation of the Effective Interest Cost used to determine the allowable yield may now take into oon31dOrOtiOn the fact that a portion of bond proceeds are diverted to paying the underwriters' discount and issuance expenses, Taking these payments into consideration increases the Effeotive Interest Cost for a bond issue. The higher the Effective Interest Cost and permissible yield on the refunding portfolio, the lower the principal amount of refunding bonds that are required to refund outstanding debt and the greater the debt service savings that will be generated through a refunding. An asstuv ion in this study, and in any calculation of debt service savings, is that the refunding bond proceeds can be invested at the permissible yield, To the extent either SLOB or other appropriate Government socurities are not available at rates equal to the permissible ;field, TMPA would suffer a reduction in debt service savings, Struetuiing of Savings In structuring its refunding issue, TMPA can choose a structure that it fee',s is most appropriate, based on its projection of future electric ratc inoreas- es, In particular, the timing of the savings can be adjusted, Various structuring alternatives are available to TMPA that allow equal annual debt service savings, deferred debt service savings, or early debt service savings. Early debt service savings man be maximized by additionally refunding the serial bonds and rest^.,Auring that debt also, Municipal bond insurance is a popular method to lower the overall borrowing cost on a new issue, and because the premium would be substantially ree~verable, TWA may wish to consider this alternative, We have presented a cumulative and present value analysis of these savings, As the ohart on page 5 indicates, whereas the gross savings differ substantially, on a present value basis, the savings are substantially the same. T ig`r y1,i c`. C ~ rf I 1 r 111 ~I~ 5'j I 1; ~3 ` , q / i a 1~• 1~i r t i ~'.u ~ ~ ~ . l 11~ ~ '~i ~`~l, rI b:' j der I'~ yt' 1' i ~i; f~, 77 ,f~+ i rtF 1 Y ~ ~ i. x~ +~tl'N ~i II i• q ~ '"r , r~ i ' i. A 1 ~I ~ ri ~ ~ ~ yi ~ 5 f ~ 1 it,. ~ r ~ 1.~ r ` +y~ ~ 1 ~r~ ~Ir r ` 1 ~ u i i ; r' , ~ ~t o , ,~,1' spp~ Texas Municipal Power Agenoy Refunding Analyais Smi hrrr18 Page 3 N rr8~nr1a 11'1 st~0, Inoorporalod • ANOW 1 Propoaed Options option esori do 1 Refunding of Term Bonds » Level Annual Savings, 2 Refunding of Term Bonds - Early Savings, 3 Refunding of Term Bonds - Deferred Savings, 4 Refunding of Term Bonds - Level Annual Savings with $87,410,000 of insured Bonds, 5 Refunding of Serial and Term Bonds Maximum Early Savings, t II C f r r r s d t i F I i9 i I 1 l i i Texas Munioip42 Power Agenoy aflanding Analysis P Smi h~a~n® ► Page 4 H ' g trs p a Bc Q. Incorporated , S OB Mu= jwU Present Value Total Savings Savings at 10% Savings Through 9/1/88 ,fit o ($000) ($000) 1000) 1 16,731 49,651 81557 2 16,581 23,510 15,411 3 17,311 207,631 14 4 17,422 51,693 81913 5 16,482 21,199 21,130 „ i r r r I;' Texas Manidpal Power Agency ReNjiding Analysis page `a rim H a OC3 •g P. A pl O r ybp b b C O d o b d O (54000) ud`1` oa ± iaxaa Muitioipnl. Power Agenay ReninAing Analysis page 6 4P. qW 1109 1109 0109 {009 900= • 4001 1009 0 9001 "OT d tool 1oo1 tool 0009 V1 soot gilt L//t //{t d aril Hit ..p... x/11 tilt MI 0991 .i 1 Q _ / 1y 11 4 v O o ~ ~ O (s,ooo)sa~100 s TOM Municipal POWOr Agency Rounding Analysis COMI hoagng page 7 Fp~~ r s p &V CK , Incorporated 1 Tmwr RATE WSITIVITY Debt Servioe Savings Present Y 1 (1) Average Prinoipal As a % of Interest Present Value Amount of Prinoipal Rate on of Outstanding coat of Refunding Amount Refunding Debt Servioe(1) Portfolio Bonds Amount of Refunding Bonds 0000) ($000) 000 ($0001 Bonds 7% 494,806 436,190 446,005 48,801 1009% 7 112 471,074 420,343 429,800 41,274 9.6 8 449,106 4050016 414,130 34,976 6.4 81/2 428,745 390,761 399,555 29,190 7.3 9 409,844 376,961 3850445 24,399 6.3 9 1/2 392-:M 363,865 372,050 20,227 5.4 10 375,926 351,430 359,335 16,591 4.6 10 1/2 360,688 339,619 347,260 13,428 3.9 11 346,467 3281"394 335,785 100682 3,2 111/2 333,178 317,721 324,870 8,308 2,6 12 320,744 307,569 3141490 6,254 210 (1) Discounted at rate on refunding bonds. i l i N TWO MUMOOnl Power Agenoy Refund#.ng Analysis PaSO A 0 V1 a n a~ 00 cj~ °o °o °o o °o a °a o °o °oc ° O yOy~~ a M N (S,000$) SJN1AVS 301AMS im 3MVA AMHd TOW Municipal Power Agency Refunding Analysis Page 9 A018apng RO. Incorpornted CT Cg Ilk ARB d>a Average Increase In Cost of Portfolio Due Interest To Investment At Goss Than Maximum Rate on cost of Allowable Yield Refunding Portfolio (4000)(1) Bo d ( 000 _ ie toss 1 00 ip d sa 9 376,961 13,800 28,055 91/2 3630865 139096 261896 10 351,430 12,435 250531 101/2 399,619 110811 24,246 I 11 328,394 11,225 23,036 111/2 317,721 10,673 21,898 12 307,569 100152 20,825 (1) This represents a reduction in savings, f i i i j' 1 I C I z j s Te%aa Mu"OiWll Powor Agonoy ' nofundinf; Awily;lta Pago 10 9109 1. 0 / ~ . , •0109 ~"'".✓~%~/'r~,~~, ~//a//i/Sri''" h' •4009 "1 0 toot loot /t x -toot toot toot U 0 • 1~.~r rf -toot .4009 ~l -0009 ri x -tort 9441 Q •E4t1 C~J •0441 •tt41 -lost ~ •ttst • 9241 . _....r. a o a o a a a o a a ° ° a a O a b a a C] it M b in N (51000) (;8vl"l0a Texas Munioipal Power Agency Refunding Analysis t11I~1~Cf~l3a/ Page 11 # M Yr a priam & k;0. Incorporitu<I Table A TEXAS MUNICIPAL POWER AGENCY REVENUE BONDS, SERIES i952 OUTSTANDING DEPT SERVICE ON TERM BONDS SCHEDULE OF ANNUAL DEBT SERVICE MATURITY DATE COUPON PRINCIPAL INTEREST DEFY SERVICE i---------- ---_p........... ......r... 9/ 1/1984 0,000 -0,00 39016#63 1 25 39 016#631,25 9/ 1/1985 0 000 0400 39)016#631425 39#0161631,25 9/ 1/1986 0,000 0100 39016#631,25 3910161631,25 9/ 1/1987 0,000 0400 391016#631,25 390161631,25 9/ 1/1988 0 000 0000 39#016#631 25 390016x631425 9/ 1/1989 0 000 0,00 39#0160631 25 391016#631,7.5 9/ 1/1990 0,000 0,00 39016P6310'25 390016#631,25 1/19911 0 000 0 6'0 39016,631,28 3900160631,25 1/1992 0,000 0 00 39016)631425 39016t631 25 9/ 1/1993 0 *000 0100 3T016#631,25 390141631 25 i 9/ 1/1994 0,000 0100 39x016#631 25 390016#631,25 / 9/ 1/1995 0 000 0600 39016x631,25 39016P631#25 9/ 1/1996 04000 0100 39016#631,25 39#016#631,25 9/ 1/1997 14,250 9#690000.00 39,016,631 25 48006#631 25 9/ 1/1998 14,250 1 1 075#000,00 3706350806,25 480100806,25 9/ 1/1999 14,250 120650000,00 36057#618,75 480707#618,75 9/ 1/2000 144250 14,455,000,00 34054x993475 40009093,75 9/ 1/2001 14,250 16#515000.00 320950156,25 48#7100156,25 9/ 1/20,02 14,250 1906S000,01 29#841068,75 48006,768,75 9/ 1/2003 14,625 9#315000,00 2711530506,25 36#468,506,25 9/ 1/2004 14,625 1016751000,00 2$091s187,50 36r466#187650 9/ 11200;1 14,625 12)235000,00 24#229068,75 36#460968,75 9/ 1/2006 14,625 141025000,00 22#440#600,00 36#465#600,00 9/ 1/2007 144625 16x080 000,0) 20 389#443.75 36#469#443,75 9/ 1/2008 141625 18t430000,0) 1B037043.75 36x467043,75 9/ 1/2009 14,625 21F120000,00 15#342056,25 36#462056.25 9/ 1/2010 14,625 24#2151000,00 1212530556,25 36#468#556,25 9/ 1/2011 14,625 27#755x00 0 00 80120112,50 36#467x112,50 9/ 1/2012 144625 31x8150000400 4#6520943,75 361467043,75 - - 268015000,00 -895#221,600,00 10601360600,00 SMITH SARNEYO HARRIS UPHAM t CO, INCORPORATED FILENAME: UTMPA # 54EB-830 TOW Muni4lpal. Power Asenoy pePunding Anal;rsla (JJ Page 12 Marr s p a0rr~ r CO. Incorporated } 1 Table B TEXAS MUNICIPAL POWER .40ENCY REVENUE PONDS? SERIES 19841 OUTSTANDINO DEBT SERVICE ON TERM BONDS AND SERIAL PONDS t SCHEDULE OF ANNUAL DEBT SERVICE P +...w............................... MATURITY 3 DATE COUPON PRINCIPAL INTEREST DEBT SERVICE II....1........Y M....... M 9/ 1/1984 04000 0,00 429854t46805 42854#468,75 9/ 1/1985 0,000 0100 42054t46605 42054P468475 9/ 1/1986 94500 I#5609000100 4298549468475 44,4149468,75 9/ 1/1907 10 250 11715t000,00 420060268,75 441421 268,75 9/ 1/1988 114000 11895,004,00 42►530481,25 4494251481,25 9/ 1/1489 11 500 2t105900 0 00 4213221031425 44t4271031425 9/ 1/1990 12 000 293451000,00 421079056,25 44t424056,25 9/ 1/1991 12 250 2P6200000100 4117981556,25 4414180556625 9/ 1/1992 12,500 20409000,00 41t4771606,25 4414179606,25 9/ 1/1993 12,750 302950000100 41t1101106,25 441405006,25 9/ 1/1994 131000 3005000,00 4096891993,75 441394,993,75 9/ 1/1995 130250 4P1850000400 40208043,7v 4403931343,75 9/ 111996 13,500 417209000400 39t6530831625 4413730831,25 9/ 1/1997 14,250 906901000000 390160631,25 480069631,25 9/ 1/1998 14,250 11,075x000,00 3716351806,25 480101806,25 9/ 1/1999 144250 1296509000,00 3600571618,75 481707t618,75 9/ 1/2000 14,250 1494559000,00 34,2541993475 480709093,75 9/ 1/2001 14,250 1695159000,00 3211951156,25 4817101156,25 9/ 1/2002 144250 1898651000400 291B410 68,75 4817069768475 9/ 1/2003 14,625 913151000,00 27t1539506,25 3614680506025 9/ 1/2004 14,62$ 1096759000400 2517910187050 3614661187,50 9/ 1/2005 14,625 121235000,00 2402299968,75 36#46406805 9/ 1/2006 14,625 141025900040 2204401600400 3614651600400 Y/ 1/2007 141625 16POBOOD0 0 00 2003891443,75 36t469t443.75 9/ 1/2008 14,625 1814301000,00 189037043,75 3604671743,75 9/ 1/2009 14,625 2111201000100 150429356,25 36x4621356.25 9/ 1/7010 14,625 24t2i59000400 12t253t556125 360468x556,25 9/ 112011 144625 270550000,00 81712012,50 3604670112,50 9/ 1/2012 14,625 310811$0000,00 406529943475 3614670943475 111 w-_.. I.r---Y-- r 300000(19000,00 9310145197540 1P23191450975,00 SMITH SARNEYP HARRIS UPHAM t CO, INCORPORATED FILENAMES UTMPB 1 5•FEB-83P TM8 Muni"Pal Power Agenoy $mf hBp~n0A po mdins Analyeia r $ a A Page &UO. incorporated aleC iiMiw"vi"iowos~ 111t0E~ii3Ai~e~Y WISIAw11110 1411 1EAVItI Iw 1tAA IOwOi 1C4K1Uit a ItN1AwwVA1 It11 5409101 ...ww l.w~ww.w..r+.Mw•wwww• KIIgp Spy~Ow AlAwwuAi 1/7Al 4w41w4 AA 1t S 11t4Atit IAIw4i0el It 31 1409tC4 iii#ii' 6#i w •".'j10 'i#i3i} Ir 1/411 }1h}1h12hr; 00 > ,11,06 1 ISP~'14 11 111115 1117 11501.20 1.10 111h f/ I/1015 111741121 04 4 t f, g 1 1,10 111001 f111 41 /1 '001421 IN / m 01112/.1{ 111'0S 11 0II4 .0 111 13/1116 11S001311,1f 1,11 it, 111601.21 1 1/11p 11, 0'1117fit► 4.40 111 01 21,16 7! 114111 111!03110121 0100 1910 11501.20 1/ I/lfl/ III y01111.01 1400 11501,121116 / 111,p N1501,S1,t0 1010 111441 00 3/ UI,Ii IfiSOhltl fl ~4 6,40 N U1rr0 111501il01,20 0,00 1115011 Ot 14 114110 31501,320.10 6,0 I/1113 11501150111 4,00 3150110 ,/6 ,I-~1, I' 1/ 41011 11104411t, 14 1.00 (1501501121 ~;'~l~:r~ 31 U0f1 111 501,501,1 1.00 Nr54h 121,1 ~ f/ 1ISH2 11541121110 v v1-113 1+•541110121 a oo ii1°oi~ii~ i~ 1! 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(/7063 11.425 111541,00.46 111151000.00 1211011541146 312004 04115,116.30 0.66 0,931170.10 0404 11.4,75 1206951117.40 69105100106 1613101411,40 11!005 131115054.05 0.06 121101150M 02003 14,425. Ih114010.70 121133400."0 24.141411,!0 31 112404 131230,651.44 6.06 111210,453.44 113004 14.413 111!201114.56 1414311000.00 161 4131114.54 11 113007 1010/, 61.10 0,00 01190164:11 ji 1/140 006 14.025 S4 01011 6.31 11,4101000:01 01 011045.21 N 111006 11.633 11011,741 S/ 1614SV1N0, 00 3114410401 SA 31 1/3000 114111713.07 0100 11011211,01 I/ 1/2001 11.431 1147110322 !?100+000.60 201111,071,27 01/3010 4+1241141.11 6.00 6+1261441,01 1/2616 14J2S 032004,11 240151404.60 101311101.34 1/2611 4,3SA110S.12 4.60 113561115./! i/ 1/2011 11,425 4+31619641 21473$140/40 2311101114.41 t/2611 111241303 0 4140 313411303 0 1/2011 14.12$ 1/3:1410.06 211lis1►46.40 2411411140.6 1 03311431113.10 N/16601N0100 1121014S1t1S1/0 1111741 AMMOY, NARAIt Y►MAN 1 1:4. 10t0M041t6 rul NAM11 Ytvi 1 44041E ..~6ffi.8&72MDd$'~iY.36[6Y15YA5>$f&S~Z •'•°"~•m11'"•uamuQOu 7 1N ~ ^ ~,i 1 k t ~ 1 yJ. r w f i ' 1 (Ii ,4 s' ~,,,,;~rY r '1 ,`t~ t, _ ~ ; ~ r~ V i ~~'q 1 1'exne Municipal Power Agency Mm%oagney Refunding Analyai.o a/~'1r+~ p am L Page Oc V0. Imorporated A ~I 4 i i r z i f' OMON 1 Refunding of Term Roads Level Annual Savings TWO Munioipal Power Agency i9eNnding Analysis AWhBafney page tb, pp~ s p Tam 1,711 CO. Incorporated Table to TEXAS 1101ciPAI POW 44"CY R[VCNUC 10410!0 SERIES 1912 i L[VEl SAVIN46 PERIOD 2X1511414 "OPOW ISSUE 1[11 SCRVIC[ WNULATIVE 1 tNDINO HIT itAVICt NAT COUPON INTERt01 101A1 0/S SAVIN01 SAVINOS Vito PRltt 5.......... . 4. 101911 SP+OfhI3f.20 Ix31310.000~ 3Sr/11r50C.~10 »7 010000 00 101120131.25 •10>i2131621,100.000 100.000• 1/ 111914 3fi0IH 471x2! 11325 10.000 3317111000100 3)030{.OOD.00 11710 631.25 1x 1221621$0 100.000 4001000 1/ S/1414 S9r01N 631.25 11415 301000 751420x500100 12+303000.00 117131131025 !x1360193.7$ 100.000 $00.000 fl 1/1911 301014043112$ 1445 100000 351461000.00 32 ,0041000.00 107100411625 4041W 25.00 100,000 100,640 9/ I/fill 34x0160131.25 20070 10.000 7!11740500100 3T1 30Q 500 00 !07100131025 80656x454.2 100.000 109, 9! I/1111 7410140871.25 21230 100000 1500730500100 3713030500000 Sr 7130131.25 102691111.60 100 000 100,000 1/1910 39POI61611.2, 204,0! 10,000 3401501500.00 ]113041500.00 1071x0131125 1111101/11.7$ 100.060 100,00 I/1111 39x016+431.25 21200 10.060 311/050000100 370050000000 1x7110431125 1301121550.00 100,000 100.000 1Mf2 3910410633. 2G 20970 10,000 3Ar330 000.00 310051000.00 10711043112$ 16,4041141025 100.000 100,000 1/ 111193 34141001 -2s 31245 101000 340031+000.00 77x3010000 00 1x7131{31.25 1714171112.50 1001000 1006000 1/ x/1141 390 0 41433.23 715fl, 10,000 3301115601160 37004+500.00 117100131.25 Ih 121x143075 100.000 x000000 f/ 1/1195 39,010 6 1.25 31150 10.000 3303521000.00 370302 000.00 I0714+431.25 20 54705)5.00 100.000 100.000 x/1996 $11101001 .25 '46715 10.000 3211570000100 37x102 000 00 107140631625 221201206.23 104.000 100.000 1/ 1/1947 45.7060631025 14x470 10.000 32052215611 460192500.00 1071/0131.25 2101710337.50 100,060 100,000 tJ I/1110 4017101006.25 15,925 10.000 3160)SrS00100 41o,000506.00 10110130612`5 2506611443.75 100,060 100.000 111949 40x70)1610175 171510 10,000 24x1036000000 1601130000.04 10146416.75 210316120.$0 100.000 100,000 1/2000 Ih )091193 JS I1r26$ 10.000 270232 000100 44x112 000.00 10 712 193.>6 2111091256025 100,000 106.000 9/ 1/2001 4507106154125 211110 10,000 20100S00.60 1411151500.00 10140454,25 30123x912.50 100,000 RI-000 1/2000 • 110706+)60.75 23,310 10.000 2314640500100 440}1x500.00 1171002400)5 721534111102E 100.000 100.000 f/ 112003 36.4601506125 13,440 10.000 2117551500000 11400000,00 1+7131004.25 341242157.50 1001000 100,000 TIP 112004 361466118)050 14,740 10.000 2016351500000 7117556500000 107100417.50 35015701!5000 100,000 100.000 1/200S 3614641948,75 141210 14,000 $60411500.00 1/07!x1500.00 1013144405 326710343.75 1001000 100,000 P/ 1/2006 3611651400100 0113S 10.000 141920100,00 34175'.0500,00 11)10 100.00 39-011 10443.73 100,000 100.400 9/ 1/2047 311169,413075 110420 10,000 15x1371000,00 3412371000,00 11712x413,75 1110931807.30 100.006 100,000 t/ 112041 34+4411743.15 211500 10.000 1361)5000.00 3411551000,00 11112043.75 /2x400 431.25 104,000 100.000 1/2409 3614621354.25 231735 10,000 111001000-0 3117!2040.00 10141354025 105161981.50 1001000 100.000 1/2010 341460+IOU, 25 241114 100000 10411400000 3107501500.00 1010004,20 160222 043.)3 1001000 100.000 1/2011 34040,112.50 20025 10.000 410321000.00 14,7$74000.00 10101112-50 470370156.25 100,000 100.000 1/1012 304471143,75 311595 10,000 311391500.00 3+10730500.00 11712t,143,70. 490630600100 1001000 1000000 DATES AND MI$CCLLANEOUS 7x(11 St1V16L AND SAVINGS PRODUCTION CALCULATIONS 1 DA1t0 DA1C 1/ 1/1907 10161 AMI Or ISSUE fSh /931000000 PRODUCiIOM 354x1151000 00 100.0000 DELIVEIV SAtt f/ 1/1163 TOTAL INTERtSt W42111006-00 SPREAD 10544109&.00 2-1000 Wilt NATUAE 91 I/1911. 1/ 1/2012 TOTAL 007 4ERVItE 11114x4161000.00 1I0 35106S10905.00 MOW TOTAL 160 YEACS )x!520910.000 TOTAL EXIST D/S 10111117{0600 00 SAOSS IWAES1 6051 25512111000.00 AV5 Lift 21 VtARS 0 NONTNS 10 DAYS 0/9 PROIOSEO ISSUE 11114,4461000,00 IONO DISCOUNT 115431093100 ACCkUE11 INIERESI 0 00 CUMULATIVE SAMOS 4!06$00600.00 Ott INTEALtt COST 7620341015.00 SMITH I4RNCY1 INITIAL SURPLUS 1000 0,10C, l0 0110103 IIAR115 UPHAM I CO. TOTAL WINOS 490450+600 00 PATM[NS At 1ElIVERY 75116511105.00 In<er06xit9d PV PIS SAY 10 0000 140311191.26 01APR S-fE6•IL rNA EY 1/6> ►SLtNANEI r texaa Munioipal POxer A6enoy Rerl3nding Analysis SM1.0afaey page 17 HpaY~rr sUU a r~1 131 Co, incorporated Table 19 MAI 001cloA1 001tA 4414c7 1tVt1Vt 101061 HAM 1112 CALMAllo1 Or "(SIN1 WkR 1117 1t1VI4t 6VIN06 10 11 1/1913 A7 16,000400% I ►OAtot 13101N1 00060010 115ut K)t KA01ct Mow NOW 44lVt CNIINO KIT RAW( 1317 1tlVlct 6016{6 MC144 I/t 601106 ►\••44.00.• •♦b ~50 1S0 YYYYYI121 .YY. •!!Y. .I.YY• ••1111.•!.•1•..• ♦•7 14.1.• / 1f11411 lII 1,00 1!111!61.3f i1fq2316#131112 111>3ibbl.$ / 11j094 1111011171,/0 114410:00 1411314,t4 1114)01947144) 141 410111 1/1/45 I+S011}01114 04101514 to +414+001171 114414 Ibt101 11 11)300.30 1/ IIIIO 511004 121.176 14,411,500 00 f3042t1if 0 42210217112 741106.10 1/ I/145/ If 04 SO 1,71 171114+250,00 1+44111231121 0+713 `{144141 (1321,4!0122 I/ 1114 A 11304:12t ,14 t111111210+00 10 6:44 0,714 51 4431 141014,07 11 421147 I6,SOIr5o1171 1117341500,00 111111401120 0,1142 11330130 10411W,32 011617 147041764 26,6$1500.00 •1100104 1,6 7 410 3101 •11151401 !/114/ 111M $41 11 11103 0010,40 111101 211,21 1,414 00014214 112011340,64 1l S/1141 I44000t.04 3114411250100 •1401110,04 1+451132333541 -f{1216,11 Moof 16,041150/11 171534110.00 111711751,$ 4,71401214014 11752144111 H 111111 141001Stf.t1 14741+750,06 •264420104 1173400411177 -14400.32 11 Moto 111501150121 01 qW50 00 34443,21,112t 143001314415 1+1041M.PA It Moto N, 604S24f1 111 0,$0.00 •3!21720114 1305047157410 •117+011,01 31111147 11110450121 11+102130000 6,2041101,74 44110000{0fl 11011114,34 II 116110 311S44 10.94 W020340.00 -141314104 01411111S21f11 •316,416141 11 111112 11104:311)t 1111471500100 113111001171 0143421401701,7 11021 371,11 I/11f7 34 401,46 2011371100,00 -1,"100,04 4,AISS200S41N •2611514 20 31 511/4S 311504S01.0 0104,000,40 3,41005010 430510137017 015111020 f/ Mots 113001121,06 201114100000 71S1110,04 6,011141203 -211,417,26 31 11111 10,741,10111 1411151750,40 NOW1711,0 4236142344041 W044.12 01 1/1114 It,S0109.04 20145475000 •1121420.04 4141044011011 •222123444 S/ Moos It1S011501.21 141041040,00 21113150 1 21 0,32307005117 MIS11.%4 9/ l/IIIS 11501129,41 241M,404.00 •111111170.04 0,110042114213 •3441116.13 31 Moto It15011301.11 11,4701500,00 $10300401.2t I,N5JO2>71111 1141707.74 II 1/3014 311S41117t,f1 201123,500.00 -11174320.11 1.211110134150 -011136.44 111117 16,001,501.19 11,747125040 34MI 1,2f 0.7114134000 141,170.10 II 111147 26,104,176,04 1011311250,00 -143311!0.04 01$5093437111 -1111010.17 IM91 1111111016,79 35+SI71M.00 31710331 of 4212110121041 714946.24 91 111111 2011121717.44 3104420110.00 -15701022.54 1,131371444456 -3431270.12 U Moto 11+024 7!3,04 1,117111500.00 3,2171403.04 42203$1114110 724,430,11 1I I/SH0 301471 071.77 33123 1 500.00 -113721471,21 0.304466t34511 •3301093,57 1/ 0000 171127 1117,54 3311001000,00 6,2011117,51 0.71117750001 151,92007 f/ (/2000 311$421311.21 $311311004.00 -1,644461,1f 111043SWf120 -2141100.34 1/ Most 14,04104301 324100$000 3111!,00,» 410000265353 Vt1224.tA f/ 1/2001 511111 3f7,44 3414121756104 -1,4001207.64 41172607414121 - $14.71 31 113002 1411211070,01 1114131250,40 110171120.01 416441513013 1441103.7! I/ 112002 711715119101 351101250,00 •31311351,2/ 0113103341734 •211+135.17 V 7/2003 I3i57413/J1 14177,730.00 6,1!4114.0 4,1491AM4415 433140411 N 1/2001 22+111,507111 2A10711 f30,00 -1111411244 04142015417300 -M,491.11 V 1/2004 J21040177060 10 0071750,00 211111020.54 4135311302101 3101M,00 1/ 1n004 2315701417.40 24047 MOM -111171777.00 4.120011621114 -1731417.01 11 112403 52,11'3.IS0.05 t, 3701150,00 211441100.05 0.177144401010 140 020,40 1/ 112043 2113411411.70 231110,750,00 -111101!31.10 4,11644133042 •1321143.14 S/ 112004 11220,03,41 1114010.00 2il101201,44 6,111 OWMA 311261,61 « 1/ 02401 2$12451144.54 342151230.00 -11001101,44 410SIt4413151 •1111101.17 1/7007 IOIYb1041,21 715411$04,00 1124114 1 0 0,1004121413A 2151121,11 11200 74171115{7,10 21014500.00 4131111.34 0.09 41 4 21 0110 •171110,14 S/ SM001 4014/15121 115171106.00 31411405,21 h0I15/Hii121 2321117.77 f/ 1/2001 M446041,54 2111071500.00 •7511751,AI 1.11120312172 -37,477.11 3/ I/loot 71US+213.03 $+34450000 111421713.03 0.0134SISM4% 07!1421,12 II 312001 111711013,27 S11216,S00,06 -151420,71 46009050110 •15+710,31 3/1/2010 41126#141#1 41321"6,66 1110511I1.t$ 407601451411 1151971.12 I/ 170010 311111111,14 3414l1WS0.,7 •fS100.64 010717012191`1 -6113t.St 1/ 1/2011 111341115.12 $10141040.00 1 NO,SIS.I! 4 10132643/94 /1 365.20 91 !Moll 3215101144.40 31141000,00 33119-,61 4.66507213011 24014.1% 111012 11124,103.49 1 11117+0.06 11117S3./1 4 141111040417 41+211.34 38012 341043640.01 3311741730,00 133.10.01 /./SOOi2t1/140 01+154117 1 1611341400.00 11141/14446,4p ir,~S01104d0 341f3L11d0Y KIIVt AY /Alt t/ 36113 INTOM Iful Mat f/ 1/11/S 0111tH SAANttI 041411 W MA I CO, 1N01140410 1'lUmm41 0t140A 1 64t4.43, S' S TOW Municipal Power Agency ~h~a~riey Refunding Analysis H~mierr s f.n m Page t 8 & Co- 111corporalod Table c T9141 1x1011I/AI "Oft A1txt1 IIryt1Yt 08011 I[RIlS IM2 lA1CY4A110x Of t04tt11111 111Aool" toll 1w41w6 AAtt13 1521111/} foSMttIAL Ot11lItAVllt OtAlSIR1 %Lkq MOUMI I....... . . .w ♦..I.... • 3I51 . . 6. 411 I . 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IKCOAIOWED flli44Kll 01 K1 1 5.6[,6•131 I 1 0 ` I o- a ~ is r: i t l S 4' i [i i' I i y 1 ,i rt ,T~ •r ~I~'. '1 ~ t ~ *1 y s ~r. f ATW$ elund~nBjAnalVaiswer Agenoy a5 P489 Figrris P a Ua~am & d0. Incorporated i OPTION 3 Refunding of Term gonda Deferred Savings f R - Texas Munioipal Power ARenoy ReNnding Analysis mml,Marney page 26 A7~rp am 06 d~0. Incorporatocl Taole A TEXAS XUNiC1PA1 POYtA A1[NCY RtY(NUC 00)0031 HAIE6 110? IEIM0 WINDS PEt100 EXISIIMS PIIO►OSED ISSUE ICI[ 1[RVICE CUMULA119t 01,10 pill SttVltt XAI COUPON lNTt1t51 T01AL D/S SAYI116S 1AVINOS YEW PAict L......... f/ I/II$4 7910181/3 123 3,150 10,000 751161x306104 3110111500 00 51371125 ,000 }0 1/1913 3110160431,25 31970 10.00; 1Dr5461500100 671014+500.00 5 1 531,?5 5113 2621.00 100.49 100,000 it 1/1966 )0401610)1.25 3.115 10 000 7511191560,00 3110141S00100 1$0 100.000 100,000 N 1/1981 70018065112$ 61 N S 101000 3610181000.00 3100th 000.00 $1163431 11? 71393,75 306,000 100.000 111101 )0•0161831.25 9161$ 10,000 11,390,600 00 31,0131500.00 302$ 5 11:0A.0 500.000 100.004 31131,25 11115145 100.000 100,000 b 1/4989 )010161631.25 Sr07'. 10.000 7519371000 00 3110121000 ,00 11 131,25 101717130 1001000 10,000 f/ 111090 3910160631125 6051$ 10.000 3314291S00.00 390141$00.0 21131.25 201110.75 400.000 1001006 f0 1/1991 31161611)1.23 61113 10.000 321171x000.00 3110161000.00 43t H 211550100 100,000 100.000 I/ IJIH 2 3h 011,631,25 80755 t0 000 3212561300.00 3110111500.00 11131425 26041125 100.000 100.000 It (/1947 3110160131.25 71935 10.000 31191000.00 71101/1000,00 6311?5 2 0 31? 60 100,000 100,000 11 1/1904 301016,631.25 1405 10.000 3011371500.60 311011 560,40 41131.25 31+113175 106,000 100,006 91 1/3195 )0r0161/31,2$ $Ott$ 10.000 301020 100. 00 P10151000.00 1163112$ 311075.00 100.000 100,064 f/ 1/1916 30 016,631.011 h 193 10.000 200120F$04.00 7h OISr500,00 1x131,25 341208,2$ 1001000 100.004 It 1/1901 10,106,631.23 701515 10.000 2111511000.00 44000000,00 63142$ 311137,50 104.060 100.000 f0 1/1916 18111 0 004125 221675 10,000 2610731500,00 1017011500.00 21306.25 37111305 1001004 106.000 It 1/1001 4$1707061855 291805 10,000 23x01000000 4112061004,00 2161855 391764M0 104,000 101,000 9/ (/2440 16,70 h ff3 .7S 21,311. 10,000 2117201500.00 )00703,300 00 6119155 441234,2$ 1001000 '001600 P/ 14001 41111 0 IS6.25 301113 10.000 111S82r000,06 11500 000.00 30156,25 O041000 100,440 11000 1/2001 46,106,166.75 330135 1 0 000 150561 500100 41044t!500.00 21248175 411461.2$ $00.060 ^00 1, 102003 )416681506,23 211210 10,006 1212561000.00 S{x1/61004100 21$06.25 51110 SO 100,000 1141000 9/ 1/2004 3611411117.50 261130 101000 411351000 00 3614651000 00 11117150 531376.00 100,000 100,000 91 117005 311464,961 JS 211290 10.000 711721006100 3610621000.00 21186175 S$130.7$ 100,000 100,064 1/ 1/20" 340463,{00.00 32,220 10.000 /12131000 00 3114430000.00 1800.00 561043.111 M,000 100,000 10 111001 3046114430$ 101210 10.000 114211000100 1102330004.00 ?512361443.75 2$r2/)r310 9 100.640 500000 It 10446 U146'0143.)5 10,000 0100 0.00 781460743.75 6117151131125 100,000 100.000 It 112009 361462,356.2$ 10.000 0.00 0,00 3814421354.25 110220 410 50 100,000 400,006 11 11)010 36048$,334.23 !0.000 0.00 0100 361A111556,75 3344OP4 043.25 100,000 100,000 it 112411 !4,467,112.54 10.006 0100 0.00 361467+117.30 11)11631158.25 100,000 100,000 It 1/261? 36,467. N 0)11 10.000 0.00 0100 34148)1043 SS 207+/310106 00 1001000 1001000 DAM ME, NISCELLAMUS MT ICRVICC AND SAVINOS ►RODUC110M CALCULATIONS 1. /AT(I) DATE f/ 1/1187 TOfAI ANT Or IiSUE 35806151000.00 MOOUC1lON 311,/15,006,00 100 0000 OELIVO Y DATE Y/ I/IP81 TOTAL 1MICAESI 5970195,560 00 f►R[A6 71530 11$,00 2,1000 EDAM MATUtt 01 111164• f/ 1/2012 10TAL 001 WVJCE 1$4150$0500,00 IEO 33)06111015.00 07,4006 k IOlk WI, YEARS 5,978,4051000 IDEAL EY1.11 D/S 115641156,600,00 01to15 INTERESI cc$1 $971140500,00 A14 LIt1 16 YEARS 6 MONTHS 2 DAYS D/S ►NOAOSCS I66Ut 95615030L0G104 W& DISCOUNT 105361955.06 AE AI. IN10 M 0140 CUMULATIVE SAVINO6 200 8711400.00 WE INICRES2 COS1 60504211415.00 I NITN 1ARNt1', INITIAL 101ALUS 0104 N111C. 10175/1111 X667.13 UINAA I Co. 161AL SAVIXII '70711330100,00 PAMMT Al HOMY SS110441015.00 101t61N606t96 PV D/S 1AV 10,0000 17/3111191 26 $•440!5. 61/A Ex I41 riLtMAOU 01NPR 5 ruw.r .,_.,o..,~nsltrMU.a 'Celcas MunioiPaz Power Agenoymitthg a r1Q Aet~ndin6 Analysis O rrih Bag r~ page 27 HO. Incorporated able 3B 111TAS NUVICIPAI IOWA MtAC1 OtVtNUi MNISr 110ltt 1017 C AN44710N N 1111MIll VALW x11 KRV1Ct MYIN11 TO I/ 111413 At 11000 01 1,010 [11IM016 "0/61[0 116Ut kilt OMICt x0001 OistRol YASUt 1 CMDINo x11 StAVitt k 11 ItAYltt MV1N1S 3AC1OA 1/1 MVIN43 7/ 111911 If. 5061561.2~~ 11+!10,>50,00~ 11577+131.0 l013t11611201 1460206?b0}B. it $11104 1104011170,11 21010,)30./0 •1167210?00// 1010702101471 •11121/5?.73 It 1/1115 1005040501.2/ 002734270.00 117341741x1 /01313711331 IIM1+777x1 it S/1916 11+301,179,06 2102430250000 -111311 ,t20,/4 0012?)02, 012 •1 0?714170SL 1H106 11x$040501,20 171SMOWOO 11911731x1 Oil 153414640 11117051,1 H 111110 19000r129,14 !11114030,00 •i,9040/J4001 1x401{5/107 •11121014,23 1+ 1/11/1 I0.S0/050t.71 M4611400.00 210010701,71 1 01911113,5 Ue 1049?0076,71 it $11117 1905010121,11 21,40110c00,00 •11497,174.04 1+176431342019 •t:41i174744 3/ 111111 51050/.561 ,7f 11,191rJS0.00 113090241021 404400 MIll 1044 1M M II 311118 1105010121016 2101140770 00 •1+3061124,04 6,413713771441 •3145,70.{/ I/111o VO.SOhS01xv 110161x500,00 103400001021 1x1447120011 604 51004.15 it 1119/9 10006,179.41 0140.$00.00 •10041374004 6,S 017411171 -11111011011 11 111990 00506,501, N 110)1+0750,00 317/5061,71 41120313250615 110/11015,16 i. I/ 111190 16,5001179,1 ?1.791030.00 •207911120,01 /,50100/62MS •104411431,12 111111 M.3031SOfx1 11,0S0S00,OD $10130001021 6,0141700041 104710144,14 1/1991 110501,121,14 2?17100SO0,00 •6,0[?1370004 4.45111 021191 •6,007,416,17 It VIM 110SO4,507,21 160S2112S0,00 31140025141 11414090417111 10474+192041 It 1/199? 1 0501x1?9,14 27.113050.00 •30373,120,04 401144200444? •111020432,41 31 MM SIxOS.501N IS0>16,700,00 30161001,29 6,315751/SfON 101710314,31 91 1/1113 110701,171,16 ?1x25xS00.00 •10 0,170.01 h0411M17/71 •114611037047 31 11914 f/1506,501,2/ 1$141117 $O 0 1101112310 1x41142164411 1140,914.00 it 111111 105V11121.µ 23rS131740.00 -410W420.44 6,11164001100 •6,191x44,{1 11 1/1116 59,41.501,2/ 1500101400.00 10/001501,29 40133371105792 1,4441$0.14 MM 1107050 01,14 ?410050000.00 •414111110001 0 x10061910711 •203111113010 ~I. 311/1f{ 14,011W,24 14170.270.00 40460$1,21 1.0507771491 6,400332132 V 711oµ 11rS01110M 2414710"0,00 •41147020,01 1421174511934 -11311131041 3! 1/199) 19,501050129 1410451500.40 $04431061,21 0,26114431000 104570 0,73 91 I/1Mt 7911141129.9& 141440,500,00 •51147,3>6,04 0.14507N?14J •10310,f1s,ft It 114191 11,1111011 119 13156,750.00 50111.11/0)1 6,21?111321014 5064 x41 11 It 1/1110 0012067.1{ 1$14714156,00 •51T11103?1S1 1023107441631 •1x3)010.10 31 11199 11,02I,IfL.01 1119050000,00 N0Ix 915.0/ 01120330414110 11TH 000.13 11 114199 391411,133,71 3601001000.00 •41121, 06.79 10101/4411.6041 •113141669.71 it 0)600 00127002.54 16,616,750,00 014470433,51 1,104172731601 102470462.17 t? I/?000 31St1H1.71 3406440250.00 -1144)0131,71 6,MMM906 •11301147.42 ill 11,001 0.00700.31 90791,000,00 41101026!." 0x117900557 112340000.15 1! 112461 37140012.46 39r114r006000 •61103065,54 /.1776571001 -111740493.21 117067 0,911000.04 7,76417!0.00 )011{1011x1 004"43S432013 jjl~)040.30 115460344M •1111)0330.30 11200? 73011196/1 400911050.00 1/2003 13101.111.71 411711006.00 71440MIM 9,1014"I01S 1 1 1 10 0 916.5 1/2003 710 111040044 30x360000.00 •>,4U,132,51 1.112065607100 •510511733.51 I! 1/2001 I L 195,110.10 1,917,560,00 ),111,?10.10 01115711442101 11011130.16 1/ 1/2001 i3x7h111,10 3103171500000 •)1727160.10 611 •11021041.10 f/ 1/2005 12.IIS.150,05 3,3/41000.00 117710570,05 0.07"1103010 11/14061.14 (/2005 24,109,911,70 320140000,00 -I 0521111/30 1[161{0031? •19/0110 A2 1/ 1/2066 1417701151041 217210SOO.OO 0,091103,0 11115714SDM14 1,521441.25 ill 1/2406 25,21501 0034 N x41,400,60 •9,004,35).44 ON966" M -041,113022 I/ Moot 10.1140 141,21 !1,50500.00 1+041341,21 0014410214/36 1710421.46 WOO I! 1/2001 11 r2>1,312.66 10036,400,1 15,54/,042,44 hN/071011 51625+44421 I! 1/1004 h 011.115021 1000 0 0169M,21 0.197367113322j 13501 1,50 N 212001 271111,741.54 4,40 27./46044054 cof"0322011 2x93.00111 7/ Woof 714710113,03 1.6o 7,6711213,63 /,40305061545 03)0101,02 1/ 112901 26,7111071.27 0.00 700110073.22 1.0>/6/0lMIS 202111160.13 It 117010 1,126,94191 1,00 11336,11 L 11 110700136011 461035,64 1/ 1/2010 300111104,34 1000 5/134101131 1.03171222113 1,54005.71 71 1/2011 4,351,116,12 1.10 /0356,136,17 0./,132440106 !1001.17 91 5/701) 321116016,0 610 3201160196,41 1661#1460711 301190401,10 3/1/2012 1041103,61 1,00 1406140161 LIN 1)406007 N/,502,41 91 S/2012 1411410440,06 6 , 00 11113,144,04 1.1410203030 70116,0>xl 1 0,911041136• 10164104 0~00./0~ 160 465x$00,64 H 6,1210164 , It lyffty Wt 9/ 1/1913 1N1t1tif IIARI M11 N !Hiles "Ito MoNCY1 IMARIS {MNAN S CO. 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M 104,000 1114 IVOMW 100 000 t.10b 140.000 141$144 1/112664 1$ 4$5.600.00 III 14169109 :1751,Op 11:111!15.00 I,)111)11.T5 1153711168.16 100.400 IOD.000 if 112PG1 I6:O N .O A l. f I 111+107( 311UJASJS 21.113 10000 1274:41540 N,616tI2S.00 I )64 4312$ 4111?11511.75 100.000 1001044 I~ U~41f )4.462.54112! 76:100 14,37 0 11.01'.•415.00 34:615:1)5.00 100.000 12 11)131131.25 1/3141117.60 100.000 101006 $0 tt,040 1.20 42 1 t. 1.41 6, 97 1 00 lr71 L 041.75 111+!21125.00 100.000 1~ 112411 11)P12 1314$:143J$ 11:750 4.750 2,136r1)s,00 34 4 125.00 1.712111).14 Hrf11:756175 106:006 100.0 b MtODUCtION CALCULATIOwS 16iES AMO NI1CttSANtOUS KI,I SERVICE AMD GAVSMOS MOOUctiow U4,05 144,00 J60.0000 I 791 Al ANt Ot 1fSUE 311.1351400 00 ►►R(AD ),15>111100 2.5000 161IFD1TE 1/ 111113 JOTAL 1374[1114 741,6011 S.00 110 3511477,165.00 I>.f000 WIVIn GATE I/ I/Sf63 TOtAI I[/t S[RVIC[ 1:SS2r163:775.00 10" 14101 It M411. 1 1/2017 (ROSS lM1[REt1 COST 742,r4011375.Od D/S 11561116:100104 IONL 91S000wt 755./61110.00 IOtq tEYS rUAS 7102.tr35,00p I'll, "I" Av41111 11 YUAS 0 MOMTNS S GAYS 1/11 It 006sED 1!14$4 11111.44)•775.00 Nit INTEREST 0051 IIGt61G INIMS1 0100 CVNULATIVE /AVlN6S 5110 7>17100 111111/421 0100 M11,L. 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CONI U11d 10$31 1 0,00 XIII0.10111tN1t NOW VAM1 1 45.10 lHOWI I 1714 1 1 •I./~2S4104%-fV 11111411 >•ti fr 3/3011 111IItI2 (!All wit III MW NNN 14M51 ""It OfNAN I CO. l1GORSOIATtD fl11ueU 6100 1 5.113.111 1 4 SmlhBa~ney power AWOY Mar s p tram s nSoiPsisia & CO.4ncocpocolod ` ~~~~nd Anal P~~ 9g pp~I0!1 5 Aefundin6 of Serial said 'term Bonds }ziiuar Early Sa~inBs - -ter 1 TWO Manioipal PONer Agenoy ~ r ReNnding Analysis Sml h ne ?age 36 HO. r s p a Incorporaloll TUA4 MUNICIPAL P00[R AICNCY R[V[MUE 100011 9ERIC8 If12 MAXIMUM [AAL/ SAVIN/S • R[FUNpIM/ OF ICONS 400 (1R1AL6 PEAIOD SXISTIND PAOPOIED IIIUt SE11 i0V1Ct CUMULATIVC CNOINA 0E11 StItV10r AT COU►GN 1MiERE61 TOt6l 1/9 MV1N05 MV3NO1 YIE3D PRICE 1.......... f/ 1/194 12+8D1/46/.7t 10,000 1115141000 00 i9151/1000.00 31340,461.75 31401160.)6 100.000 100,000 1/ (/1955 4!11541469 ,7$ 10.000 11511+000,00 3915141000100 30,1040,75 806101937150 100400 100.000 1; 1/1}86 4+414+461,75 10.000 3015141000,00 3915111000,00 411001461,75 111S/11406,2t 100.DOO 100.000 1/ (/1147 4114211261,75 10.000 380511.000100 i9+511+000,00 119071261,75 1414101675.00 100,000 100.000 V I/T919 4+125+481.25 270 10,000 $915111000,00 311)4 1000.00 11411111,25 2115301156125 100,000 100.000 1111ff 4411271031.25 11135 10,000 3801171000,00 4111221600,00 $1031125 2111351117,50 100.000 100.000 N 1/090 A 424+956.2$ 5.130 10400 31,1931500.00 40 4231500,00 11454,25 251136+443175 100,000 100,000 f/ (/1911 441111,536,25 51945 10,060 3114501500400 4414151300.00 34054125 2110311700.00 100,000 100,000 1/ 111192 4+41)1406125 64560 10,000 3715541000100 4411111000.00 31404 25 2111431306025 100,000 000,000 I/ (/1993 44140&1106,25 7110& 10.000 i711fg1000,OD 4040o§00 100 21104,25 2111151112,50 100,000 100,000 f/ 111994 4,394093175 71415 10,000 3801771500100 441 121300,00 21193,75 111147+906475 100,000 100,000 I/ 3/I19D 4,7931343.75 1005 10,000 3516D41000,00 4091+00040 21393175 211150+250440 100.000 100,000 91 111194 44,373,531,25 1.551 t0,000 341115,500100 4413101500.00 31030425 21+I531S13125 100,000 100,000 f/ 1/1941 1117061631,25 111 4 S 10.000 3311601000.00 /4005+000.00 11431,25 2111551212.50 100.000 100,000 1/Hf9 41010,106,25 16,330 10,000 320751500,00 Ih 7051500,00 51304,26 2311401511,75 100.000 1004000 p/ 1/1999 41061161605 171165 10.000 )01717,500,00 1817071300100 114.73 2111601637,50 100,000 100,000 1/2000 1807091993,74 19+760'101000 20,9461000,00 , 411)04 000,00 31/f3.7S 2111411631,24 100,000 106,000 112001 48,7101056.25 211)3$ 100000 2449700000,00 1117051000.00 51136,25 2111641191.50 100,000 1000000 1/2002 411706,760,1& 231910 30,000 21.)961500,00 410061500,00 241.76 21,170105642! 100,000 100,000 1! 112003 36,469450405 110040 101000 22,4051300.00 341445400,00 3+004,25 211011062,60 100,000 100,000 1f 112004 $6,4461112,50 151445 10,000 20199}1500100 3614641500.00 11657130 211174050,0 100,000 100,000 f/ 1/20t5 361461+169.75 170010 10,000 1914531000,00 3614631000.00 11965.1! 2311T6+711,)S 100.000 100100V 112006 5!1465,600,00 10,710 10,000 1717521000100 361442000.00 31400,00 2111101311,75 100,000 100,000 1l 1/2007 3114601443,75 20151. 10.000 1511811000.00 361464 000,00 3+44305 7111131762,50 100,000 100.000 1/2008 3611671713,75 22,440 10,000 131122x500.00 $4,4621500.00 31243,75 2511191006.!5 100,000 100,000 9/ 112009 3614621356,25 211900 10,000 111S311500,00 380451+500.00 31156,25 2t,1921162.SO 100,000 100,600 l/1010 361446,556.2& 271400 10,000 1,0611500.00 3411691500.00 $6,25 39!192,/18 J& 100,000 100,000 1/2011 361461.112,50 30,135 10,000 4020P500.00 3e 4 L 500,00 31612,50 lf11461531,lS 100,000 100.000 41 10032 36+467,14317& 331150 10,000 313151000,00 36145100600 21143. 2111+ h 475.00 100,000 300.000 DATCS ANP M16CtllAMt0U6 IEll SCRVICE AND 9AV31196 MODUCT10 CALCULATIONS 1 ....0ATE0. 661E !I 1/1187 TOTAL AMT Or 165UE 39515401000.00 9A000ETION 3951140,000,00 100.0000 w(I. PY WE 1/ 1119(3 TOTAL INTEAESI U 111041500,00 /PR£AD 11297010,00 211000 0041's 04101 1/ (/3991. 11 1/2032 IOTAL KIT SERVICE 1120fr9441500,00 11D 596+112+060100 17,1000 TOTAL 11000 YEARS 111481065,000 101AL EXIST D/S 1123111151175.00 SR096 INTERtST COST 11411061500,00 Av0 oft V. YEARS ) NDNINS 13 DAYS D/S ►AOPOStD ISSUC 1409+946,500,00 VOND DISCOUNT 802171}40.00 AtdUtD INTEREST 0100 CUMULATIVE 9AVINOS 2111991175.00 MET INICRESI COST 12311041440.00 10118 1ARNCYI INITIAL SURPLUS 1,00 11,1,6. 14110131% KWIS WNAA 1 CO. TOTAL SAVINOS 2$11991125.00 PAYMENT AT KLIVERY 346,421040.00 INte1001144 W p/1 MV 14,0000 1614111)76,38 FiLEMANC! 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"Wit 001 413170112,01 it VIM 10,400 14134000,00 1141s40000 311"44000,00 4.21414035140 201211430,21 it 1/1111 114 1170750000 1000 14,14717S0,06 0,234711511070 31110,1410St If 1/1011 10000 1401070250,00 1443404040,00 3 21SO 171600 0,21"01otil )1211 0113 4 7 1/ 111110 15077 42$0100 0,00 1$#010250 00 0,211121501111 3.2541061.+6 It Il1011 10,000 1547710250000 1201450000,00 3307340250,00 04301414452771 401417004 N 1/!000 110173,000 00 0,06 1404731000,00 4111111504S21, 2023161%.10 1/2000 10,000 10M,004,44 If000400.00 311233,000040 0,5122175157" 0240414.12 1/2001 13,415,000100 0100 11 445,000,00 6,11336250331 20310,117150 N 1/2001 10,000 13,1150000000 210735,000,00 012201W.00 00161014511500 3.1614 0,5S It MOO 12 301,250100 0,00 1203114230,00 0,01,444345057 141411143,14 N 1/7002 10,000 121314250,00 750114000100 3{130,25000 4,140204361271 10411421,17 i/ 141063 11,2021no 00 0000 110202175000 00141M421242 10311411,03 t/ IIID03 10,000 11,2020150100 1600600000.00 25001150.0f 0,134110361114 3.41012647 It 1/2001 10411,75000 0100 104117S001 04121301521111 11711,10,31 0/ 1/2004 10,600 10,409,170000 41 4454000100 2S00.41130400 O J321?4511)1 1012 440,01 31 7/2005 14724560000 0140 10224050000 0116!0154{S 1 4 110 0 010 14 0/ I/?005 10,000 t07740566,06 174010,000100 26+26+60040 0, U 0102410753 2,+S4142110 31 1/2001 0104000,00 4,00 Lif4000000 001070011117 13204610 0/ 1/2004 IO,Ooo 016761400.00 110101400,00 2111400000 00014414110) 217$74433.61 31 312601 1016,500,00 0,00 7tt1o0506,06 0 4011551167 2155410,04 it 111007 10,000 7101056000 2015150{00 OD N051S400.00 000140560014 115711640,4t 11 3/2001 4117,25000 0000 413420060 0016021175032 $141531,71 1/ Wool 16,040 A4110 'S000 22410100,00 2105510250,00 001 VI?3504105 2011101645 7l 1/2000 1,77/".50,00 0,40 Sr>",250,00 O.W1"iS460 4411242,23 11 1/200 10100 S0"00201,60 140660400,00 340671250,00 001027524111 202710101,10 3/ 1/2010 43141251,00 1000 103714210000 0074124{1171 31134141 V 3/2010 $0.400 41$340290,00 2701404000,06 3142144230 00 4,"41)4321"1 L IM 1211073 3/ 1/3011 30144#2.`3,00 1,00 301641250,40 011437031401)} 201,05.46 0/ 112011 16,040 3.11412s6.00 310115#000,00 33,21035040 0,640711111422 100100706.46 . 1/2012 30.400 106S70S66.00 SWW140./6 3140)1$40,60 CO W"4145 11#0tIIS,13 1 X614 406140,0 3M 01;00600,4 1120fi046so,td 2W0NI101L03 PftttlUt 211TWIf 1011 Ito 0/ MOW . 101414271 $to M6UNt 0 34444020.80 Lit AMWRT • S1µ4021,63 WAIANCt • •143 OWN WWI NAMI% up"41 1 L/. 2MA"fo tt3 IILIYANtI ot110A11 3•ft1•83. ----•°---1111 1r, t. 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Incorporated -----a'ble b tttAl wUNICI►11 ►OYtA MtltY At 4fwU[ `6011 wits lilt AtfYN410s gYDY ItfYw6100 IpAtrOllO••CALCUlA1f1 t0 C44L "It 3l S1111) Al Cµl ►9ttt Of 100,0001 1 111100 KIINM{444 Mf410104 IOOTr OLIO 10141 444IL41Lf [X1{1106 1ptU1 MtWtt COU►Ox Illwtl/AL Ikl[Alit tOt11t11 630NICt 1M Kit I(1VICE 111 SMIt[ ML44CC 1111101 SIM 10.267 11171+,0100 II101MINOM 2 $1 4 217 311,14 111127,431,42 311437,410,01 1,31 11 4160 1110 10 067 11613,111 00 1/1133,11/ 43 21,42)1§ Y 0,01 1114 71613.29 3114271141171 43,50 }r 111115 43, 0 10,267 40/1000100 ItIVO Ms lIP42711145 l1+4~14301>4 71111)143101 $0.74 V 111111 3041 10,16) 31444+100100 Sh 544,234116 21,4271031,45 !1,42),017,31 21r421i01/,)I 33.11, 3111111! 33,45 10,241 1,1/2,000,00 11,115112{ill 21,/21 H21.1) 21143),651,17 2114 2)14 10 04 3941 t1111111 ]1,11 10,24) 31101,300,00 11,1151133. 10 221111103).40 22,11710)3116 22,11 140,71 14.11 1r1/1t 1 )4,U 101261 111S2,SOO,OO 11200104/11 23135)1 U0 J1 11 01,315,57 13,333,3!0,01 66.11 63,11 101241 21117,400,00 It701/142.)? 2310111401 1 064 0).4 U111011044. r 1111119) 7f.01 10.217 21371200,00 111441,172,17 211215+112,17 1,2151151,17 11 !11115,124,21 24.13 11111/11 21,1] 16,26) 413161000,00 11114/.035114 23 ,14010]5,14 131140,040117 110{1 311401051,19 5.11 It 111111 $,11 10,717 204221900.00 11,5311717 ,21 2L 111124121 3L I11,U3111 1,141 1104,41 71,10 11 I1 Vf11 11,10 40047 610441100,00 114031)20.11 2312651110.)1 2146,112,11 2L 1451111 ,1{ 4216S 1111 pt/ 41,13 14,267 21611,060.00 1111541121,11 2 h 0101124,11 11,011 117.41 11 10401143111 23141 91111110 27,61 10.267 503710100.00 1$005117).00 23 ,1111))1.00 21114415,47 131304011.11 3.21 11111111 1111 10,247 311111)0100 17,1711451,30 !01110,551.10 t/1f11S5441 20111fi442,21 10.72 1111101 1042 t012{7 511511900.00 111S0114,2S 23,519,0445 ItiS4fi1t5,11 2$15111091.44 13.01 111/110 33.01 10,14) 11771/00100 17126115/3,14 2017111913114 10,)31104 111 l01Y31,911.71 36.11 1111161) 34 J4 10,261 6159$1500'.06 1110111011.63 23,U1SIIJ3 1141/1111,14 2461/164,46 211; U U00 1135 10,167 31196110104 14+7441501.19 4013331301,64 2015551303.f1 )01555111849 {5,70 I/ U10f 45.20 1004) )1301100100 11,5911171,22 2314414119,21 1311111131.41 43111191111,14 11.96 IIIINII 71.11 10,117 40 11,100100 14, 101315,1)1,3! 21 3151219,31 10130010M 16.40 U 101114 600 10,167 It 040 100100 15 4 $594 153,116 4110441753.1{ 24.0490112046 4410411111,21 11$$ 1111105 f1 SS 10,211 4155/ 004140 151$441664.00 2011011341,01 1011041313.43 201104 1IS),SI 11,01 V 11103 11.0114.24) 11/11 rld/00 IS43304011M 2402440011,41 14 Nfi OO7,97 24,144,111124 21,26 Id Will lI 44 10,267 1,11),100,00 10141744S44 1111121161544 Sf/1271111U I1, 21141,20 4111 4414111{ 0.11 10.247 119521600104 11,504,110.11 111544)049 21{5461777.01 20$4402t.14 41191 1111110 41,12 16,461 2)/1340,160.00 141013 0SCI ) 211,423104.0 2641423,SO149 261,1231$61.211 0.00 +•.........106. 1 .1.50 . • 444 , 4 4 2 1 460. 66 •U {,4061 WI,04. • 64 2 , 649 1631 .04 . 161+61fi01M 0 $ 1 44121E {t 1 111501504,21 IM-0how"t Ifl 1 4 244,f!$1000100 MULtIATtI PUNCIPA0 WD 4 4,04 fA1wIUO N 1111+1 Inrlltlom A411 fto 1/1/115 . 10,2611353 Ill J4W41, 30441431106.66 L1F MOW, • 4444111,]1 Lfl WIS MtI • 6,04 1441 01~f111fd110: 111•;1141 1161 I11,A, ODN4UtA110N7 1 1 3111142,100.00 N IPMA IItINSt Ifltltkl VALUU I 0,00 1131 9110111 I SI .SO 1 1 11143 ! 1 34b 1/4115L50 tVIII Mil 17 111913 LE91 11111 MIE 411913 1,111 N1Ar11 w"m I31W0 1 CO, INCOAMATID (1111401 01Af741 3•ftl•11 t~ t' j 1. ~ i. W c i w , odd y 4 gggl . Tons MoloiRai Power Agenoy As Noting Analysis we Q Smlh nnex Harr s n ar & CO. Incorpooled 9K>~ BARKH7 petters 1 The following provides a brief history of Smith Barney and u descriptinn of its organizational structure, 8iatory of Smith Bartley, 13arria Upham & Co. The origins of Smith, Barney, Harris Jpham & Co, go back to the Reconstruction days and day Cooke, the beat, known financier of his time and the man credited with developing the concept of broad ownership of securities. In 873, assooiates of Cooke establiahed the brokerage firm of Chas, D, Barney & Co, in Philadelphia, In 1892, Edward B. Smith, an investment banker, formed a firm bearing his name, also in Philadelphia, Harris Upham 's founder, John F. Harris, began bsfne°a r, 18,9; as a oomoditios Ntures broker in Chicago; in later years, the firm broadhned its business activities, expanded its office networi, and beoame one of the largest national securities firms, ko. In 1933, when the Banking Act split the ties between commercial end investzer:t tanking, some of the senior executives of the Guaranty Company--the securities affiliate of Guaranty Trust r:ompany of 11wd 7ori-- ,oined the Smith, firm, In 1938, the Smith and Barney fires merged their investment banking and brokerage capabilities, On January 3?, 1974, Smith, Barney 4 Co, and Harris, Upham & Co, Joined forges to form one of th5 lar7eat Investment firms in the U.S. This organization brings together two Picas witr, long traditions of integrity and quality of serviee to their cl0int7. Today, in its 114th year, Smith Barney, Harris Upham h Co, has mare tsar; 4,rrl'~ eaployees, 95 offices in the U.S, and overseas, and a capital base of mare than $169 million, The range of our services covers the broad ape^,trrc. ri: investment needs. But as large ae ve have grown and as diverse as a:r interests and services may boy, the firm's long-standing cormaitment t,, q=sality- -thr9ugh creativity, exacting effort and personalized attention te, ^.I lent as much its standard now as it was over a century agr,, roan of 0rga_aization, Smith Barney is the largest privately owned, Nlly- 4fTeraified firm in the investment industry, ?to individual hF~Ids care star. 71 of the stock- ?*lid Finance Division, Financing for non-profit entities thr-.aghnat trap ,'aEted States is provided under the supervision of our Public ?irwar,ce 6tizEaion, Over the past fifty years, Smith Barney has been a major factc;r as m talrler,rriter or financial advisor for non-profit entities, primarily throvgh 1 tae raising of ^api►.al in the tax-exenpt %Artzet. In 19$2, Smith B:arreI cna:lmu•ed to rank as one of the leaders in the management of tar-exemp*. ; fEaaa,:ings, being g manager of 320 issues totaling $16.9 billir,_ sort serwinr U firan::ial advisor for another $346 million, Two Municipal Power Agency Aetvnding Analysis page u1 ~rrrrifs r1 ~i a 4).Incorporad o earn our standing h$ one sad particularly as a issues, we have brought leadingfs picreading manhBars o£ tax -e to$ether xempt and issues P ublio finance staffs in the fieldna cif the manager of largoat"oand xo,,t srevenue bond analysis, it is the quality of SmithfBinvestment banking, in the final its innovative financing and experienced advs staff ioei that is responsible for a 54 pvofe~ ssionaLs representing over 440 man. ears h a of experience, e M ac^f t 54 rofessionals have spent their enti ich Smith Barney, .r re ~ankina careers e Years of' oxP6rIenoe of erperienoe,range up to 4 ears, With an overall avers e a of 8,2 e National and regional Public Finance offioest New York (headquarters) Chicago Philadephia San Francisco Advance Refunding Experience Smith Barney is considered a leader in the field of refunding and advance refunding of municipal bond issues, Since 1972, we have managed or advised on 74 financings totaling over $6,4 billion in ref undin is variety of issuers, g sues for a wide As the above total indicates, the dollar volume and number of Issues in which Smith Barney has had primary responsibility is quite substantial, Yet the distinctive nature of our capability rests with our innovative solutions to oomplex financing problems. A brief review of examples of this broad exper- lenos is found belowr i, Refunding of All Outstanding issues of a Utility Svstero with Open Ended Subordinate Lien Bonds, $598,000,000 CITY OF AUSTIN, TEXAS Water, Sewer and Electric Refunding Revenue Bonds, Series 1982 Using a technique developed by Smith Barney, this major municipal utility was able to advance refund over $900 million of low coupon bonds with higher coupon debt and still achieve significant annual debt service savings. This refunding program allowed the City to completely revise its existing bond resolution, in order to make it more flexible for today's constantly ohanging OsPital markets. r f i Texas Muhloipal Power Rehlndtng Analysis Agency page 112 PIFarr s p ark kppi+. CO- Incorpurnlod 'COmbini_-"n1 l putst 155915,000 SALT RTV A I a t~ e R u f!ie•------- ANI, pRly" PROJF STAICT AORIOMTURAL TMPROVFMF;NT Salt River pro "T+ ARIZONA Refunding Ruvanunt, T3~nj~tr1477 D y;ierlors Smith Barney structured the rinano.inp pro GobthesDistrfottheDrthermoreo baci-iepundadrby on"at nomt,inod t>irad autettindlrip, invested aooordin u g~ p the three innken wa 1,rlnue„or navfrryn to an h o timf"h ton hnlrli.tr, rlrlvelo,er worn Lnrfl'ritluAlly 34 D2velopinK Speolal I.oKlnlntlo y f I ?,y r,~rr awrf ,nt,;if, Advanoe Rerundin~ T--A ii-quo a.?.1,.r,w•.7Ct.b $175 , 705, 000 COUNTY Oh' ,91Jyp()f'y 1li;Sf , r Southwnrrt flawer hl>rtrln► ,ltK Dondn kgt+lhd l tip t';hr l 518, 385, 000 TOWN OP RAMA Pr, NEW YORK , I#f~r„rf,Alfl, r;~rrllfP(, Sewer Imprr,vnmhnl• lihr,tr„floc! 0;4 rt,,i i fv:r,,f,a 1 'he 'aunt% or Surrolk, New 'fork, tame wan t.hr, ri ra>; h svarr,a ra 0 l1 ay %r ~rneral obligation debt in the Stain or Nhar .r,,rv aartefer or this issue, but alno were a1rst) Pr dh ahra r'~'F ''''I % taa lrh,lrl l/ ' r aga1rI ror the Or fi ~Sjrj~j ~,ji.rit ~.h► r4hYi"1yS4;14~ ;ft 'e, P ghnhrn I Gbllvatlan Vex IJr'.t. ±!1xn ?f R3map0, Rockland flh'a Y~~rY, 1.171 +,h lnmhfi~i`,h f, jra 'ra•:r.ty rinan^ing and '01a.1 also, a dl rn!-r rhel'Jit ee 2r, r,1R 1hy'i3 a'; P/'1 1. ',}.".1d ~r.^,~1~~J9on r001GU!an /'~~ft,i+l1 f n 717d'~i: .~9'?'Jir9~1°n'9 tCln .')lntt~~•~_~AS'a.,._~.~~'~~~r✓,..~~~tf~`t,~...,.i!.:,5.•.,~~.., a f f'tr?.925,''00 YEa,4AS?:A P?P~Lr'; Pr, ~ Power Supply Z7.3r.em Re'r'da 1K+7,TIC .)QC MPAIZ.4 Prld{,r^, P"J'l'?? ~Ier,r,ric System ?er,et.1 Za.'+wer-iup~:f ?Yatem iss+x0 or the 7ebraAka 9uc,lt~ P,,.w4r S..Irr,~1r rah mecisl :$i: 'la :c3 pMv.3.or. nr, t',tl izsUR to r r } ; r'.,rrRd vh ChY, '~1r{i,i :"rt,s xnilL aods't~:atm to b,* nadi ir. a+.:r nrmpu`.4r pr~;vrarn,~, "Jd!'.i,E'11~:}'i11~Qh :~aa^'7 9emOg9tra►/. tta, ~ ♦t. ...f ,.(SRy;:~rfri~l7 ` -OWpU.C~r .18¢3i1._..~ .+J, 4~$ F9 .'7 A `a,:/1R• •03 sir iS:i1:'1r{ 3 ~~r','It "lfFiY,. :?3,3 `wit,"7aclf+aY1".~Y a "canned l l rOrgr y'ara, ysra+,at ;h5rv«h 1r' 1 i Oreg. 3m d+e ra.a¢ori ~y.7 ~if;71At'3. { f ReTfunexasding municipal Power Agency Analysis page 43 °mltthgaCney rrfs pham &N. Incorporalod r n addition, during t e structuring of the oxer Su 1 fleotrio System Issue of the Nebraska Public Power Diatriat~e our s start and ized the optimizing technique referred to above, where optimal savings to the utile oRissuerlling is the old iachievedssueby. mathematically determining the bast date to begin 51 The g imination of a RestrioCive Covenant ll der a Eond indenture. 202,A15,000 NEW JERSEY TURNPIKE AUTHORITY Turnpike System Revenue Bonds, (Refunding) First Series Under the original bond indenture, adopted when the outstanding bonds were issued; the New Jersey Turnpike Authority pledged to continue with the ongoing oonstruotion program which included the proposed Oovernor Alfred E, Driscoll gxpressway extending into the Toms River 3e0tion of the state, Although it was later determined that this construction was not desirable, due to environ- mental obstacles and changing economic conditions, the Authority was legally required to comply with its pledge. A solution to this problem was found when Smith Barney proposed and suooossfully executed a financing program which refunded the original bond issue and its indenture, the effect of which was to el,tminate the restrictive covenant. In addition, the debt service payable by the Authority was not increased by this program. 6, The Combination of Refunding an Outstanding Issue with the Client's Ongoing Financing Program, $50,000,000 NEBRASKA PUBLIC POWER DISTRICT Electric System Revenue Bonds Interest rates in the munioipal bond market had substantially fallen during the two years following the original Eleotrio System bond issue. It was determined that the Nebraska Public Power District could realize substantial savings in debt servioe payments if they employed the advance refunding tech- nique. At the same time, the District needed to issue debt for their ongoing oonstruotion program. Smith Barney's recommendation that both objectives could be achieved under a single bond issue reflects our continuing effort to integrate the advance refunding technique into a oomprehensive, long-term financing program for our olients. Texas MM$0 4al Power Aganay y Refunding Ans'lysi8 Page 44 g~p~1 ~ Mmr &l;d. lncurporatod l , • j, S~g¢~i,,,p _ h B ~.~.o Mter and Marketing Caeeuli a.., arr a s Mat a at oar.-~ $202,415,000 NEW JERSEY TURNPIKE AUTHORITY E Turnpike System Revenue Bonds, First Series (Refunding) $175,705,000 COUNTY OF SUFFOLK, NEW YORK Southwest Sewer District Refunding (Serial) Bonds $18 385,000 TOWN OF RAMAPO, ROCKLAND COUNTY, ' NEW YORK Sewer Improvement Refunding (Serial) Bondq The depth of Smith Barney's staff in the area of advanc(, refunding in refleo- ted in these three issues, as the initial planning, Atruoturing and suooessful sale of all three issues was simu)taneously being perfom ed by our firm, sating as the senior investment barker, we delivered these three separate issues to the public within a period of five business days of each other, The 'ollowing is a listing of all of Smith Barney's managed or advisory i, refunding issues ninoe 1972, a E ~j 1 TO%43 Municipal Fawer AgeROy Refunding Analysis pap 45 W.Unnoy /~am & CO. Incorporalod SMI'i'H BARNEY, HARRIS UpI M d CO. )NCOTTORATED MANYWD AND ADVISORy RMWING FINANCINGS (1972.1983) Sale Date _____-____Tssuer P'inoipal _ Amount & NIOR MANAGER January 18, 1983 Myrtle Beach, South Carolina - $ 1216251000 Water and 'Sewer System (Refun&.ng) November 41 1982 Fulton County Development Authority, Georgia 39,0001000 (Delta Air Lines, Ino, - Refunding and New Money) November it 1982 Kansas City, Kansas - Utility System 67,600,000 (Refunding) August 4, 1982 Clark County, Nevada (MCCar ran Inter- 31510001000 , national Airport - Refunding and New Money); u Ootober 11 1981 Lynchburg Industrial Development Authority, 91165,000 Virginia (Lynchburg Genera]-Marshall Lodge I Hospitals, Ino, - Refunding and New Money) August 14, 1979 Irwindale Community Redevelopment Agency, 50,000,000 Calirornia (Refunding) June 51 1979 Manatee County, Fl-,r!.d New Water rnd Sumer 20,000,000 System ( October 6, 1978 Cullman county Hospital Board, Alabama 611752000 (Refunding) +t June 19, 1978 Kingsville, Texas (Refunding) 800,000 i May 15, 1978 St. Louis, Missouri - Convention Center 23,730,000 (Ref\zndiiw) May 15, 1978 Tallahassee, plorida (Rei)anding) 61,225, OW , May 10, 1978 pontgomery Water Works and Sanitary Sewer 181135,000 Board, Alabama Msfnv lira) February 28, 1978 Topeka, Kansas (StorWnt-Vail Regional 29,750,000 Medical Center - Reunding) 'Caxaa Munioipa or AgenoY Refunding Analysis 1~1~th a ney page 46 ~ rrlS pfnlam t O.lncorporalod RNErY, A AM ~ CO PO A D MANACED AND ADVISORY REFIINDINO FINANCINGS (1977-1983) Principal Issuer Amo ny t - SMOR MANAGER (Continued) ?ebruary 14, 1976 DaddeMCounty' Florida (Refunding and $ 65)000,000 New 119'17 Ramapo, New York - Sewer System 18,385,x)0 Ally (Refunding) 1'15 ,'105 1000 34, 1977 Suffolk County Sewer District, June New York 202,415,000 23, 1977 New Jersey Turnpike Authority (Refnnding) June Water Systeal (Refw)dir% 49,875,000 Bt 1977 Tucson, Arizona . June ,d New money) -Florence Public 5,815,000 19, 1t7 Lauderdale County May Hospital Board, Alabama (Refunding) 22,625,000 18, 1477 Farmington, New Mexico _Electric, List May and Power, Water and Sewer Systems (Refunding and New 1Ytoney) d Alabama 19,930,000 ontgcoory Medicalana5'Clinib0 - Rellmding) Hospital 15 14" 1 if ~Pr (Jackson Illinois 34,645,000 8, 1977 Arlington FIeights, Cook County , February (Northwest Consntmity Hogtpial -Refunding) District A1, 14,975'400 October 7, 1976 Clark County Publ.io Utility Washington (Refunding) a7,8o5,400 pennsyl van -A Jurb 19, 1974 Deei,ver port Authority, 6,300,00 j 1 NeY 9, 1974 State of Washington (Refundi,%) Virginia _ 52,220,0()0 February' 15, 111U politan AuthoritY, 1473 Richmond ding) kyfvn Highway SY:a,.em 1 T exae Municipal Power Agency Refunding Analysisa page 47 Nrr s p tic CO. li,corposeled S B , W,' IRW MANAGED ANA ADVISORY REFUNLINO FINANCINGS (1972-1983) Prinoipal Sale bate Issuer- . SENIOR MANOER (Continued) January 18, 1973 Seattle Municipal Light and Power System, 37,750,000 Washington (Refunding) 41 August 2, 1972 New Jersey Turnpike Authority (Refunding) 1 5 100 000 1 $61,850 000 i C~-MANAOIaF; l' f4 k Ootober 29, 1982 Jaoksonville Eleotrio Authority, Florida 290,625,000 (Refunding) ~i Georgia (Atlanta International 52,380,000 f October 28, 1982 Atlanta, Airport - Refunding) October 15, 1982 South Carolina Public Service Authority 294,000,000 (Refunding) ~ Maroh 31 1982 Austin, Texas - Utility System (Refunding) 598,000,000 267,860,000 November 7, 1979 ohio Water Development - Pollution control (Refunding) 1,465,006 October 30, 1979 Baraboo, Wisconsin (Refunding and New Money) New Jersey Sports and Exposition Authority 299,550,000 December 13, 1978 (Refunding) 242,480,000 sachusetts August 22, 1978 (International Airrportt- Refundiingg)) 82,640,000 August 1o, 1978 New Jersey Highway Authority (Oarden State Parkway - ReNndi 8) 13,660,000 August 3, 1918 Johnson qty Unified School District 1233, Kansas (Refunding) T@Xaa Muniotpal Poxer Agency Refunding Analyaia poge 48 H~effrls~p~ ®t i & CEO, Woorporated 0 TED M MANOED AND ADVISORY RE;FUNDINO FINANCINGS (1972.1983) Sale Date Issuer PrinoipaI 00-MANAGER (Continued) August 19 1978 Anchorage, Alaska (Refunding) $ 26,000,000 July 24, 1978 Texas A&M University (Refunding) 20,140,000 11ule 281 1978 Fond du Lao, Wisconsin (Refunding) 19,265,000 May 16, 1978 Inglewood Redevelopment Agency, California 40850,000 (Refunding and New Money) December 22, 1977 Rosemont, Cook County, Illinois (Refunding) 9,900,000 December 15, 1977 New Jersey Eduoattonai Facilities Authority 70285,000 (St. Peter's College - Refunding) December 15, 1977 New Jersey Education Facilities Authority 8,5700000 (Jersey C.'.ty State College - Refunding) December 13, 1977 Pinellas County, Florida (Ref)anding) 56,080,000 k' September 27, 1977 Arizona Btard of Regents (University of 22,315,000 l Arizona - Refunding) I I! August 16, 1977 Riverside Civic Center, California 91000,000 (Refunding) July 26, 1977 Lacey, Washington (Refunding) 309251000 May 17, 1977 Walworth County, Wisconsin (Lakeland 41200,000 Hospital - R,afunding) i. April 11, 1977 Tucson Cormmity Center Authority, Arizona 110480,000 (Refunding) April 61 1577 Los Angeles Department of Airports, 25,875,000 California (Various Airports - Refunding) i. TOXaa Municipal Power Agency Refunding Analyais page 49 Rryllths arney rr 6ph am & UQ, Incorporated r MANAGED AND ADVISORY REFUNDING FINANCINGS (1972.1983) Sale Date Ibsu Principal er.,_., .._.,~(tmount CO-MANAGER (Continued) March 17, 1977 Tallahassee, Florida - Electric System 198,3657000 March 16, 1977 Eugene, Oregon - Electric System (Refunding) 156,680,000 'i February 221 1977 Benton County Publio Utility District 41, 11,680,000 Washington (Refunding) I October 18, 1976 (R illee, Kentuoky » Water System 70,875,000 September 29, 1976 Houston, Texas - Sewer System (Refunding 251000,000 I` and New Money) August 31, 1976 State of Washington (Refund.'.ng) 541825,000 y 3,500,000 t March 10, 1976 Monomonie, Wisconsin (Refunding) May 24, 1973 Dormitory Authority of the state of New York 35,455,000 (State University - Refunding) may 24, 1973 Dormitory Authority of the State of 72,160,000 New York (City University - Refunding) February 15, 1973 Austin, Texas - Electrio Light and Power, 61275,000 t Waterworks and Sewer System (Refunding) Beach California - Harbor 210900,000 November it 1972 Improvement (Refunding) A P Te%Ae Mpal Power Agency fiTqMs h6arney Refl~ndin$ ng An Analysis tt rose 50 lam & *..0, Incorporated aA , RRIS WHAM 4 00, R RA D MANA7D AND ADVISORY R>RMINQ F-NA M(Z (1972-1983) Principal Snle Date _ Issuer Amount FINANCIAL ADVISOR Augur 4, 1978 Commonwealth of Massachusetts (Refunding) 632,8001000 August 3, 1978 Maryland Transportation Authority 121,9001000 (John F. Kennedy Memorial "Way - Refunding) May 12, 1978 Maryland Department of Transportation 155,725,000 (Refunding) i March tb, 1978 Montgomery, Alabama (Refunding) 51125,000 March 141 1978 Metropolitan Water, Distriot of Southern 147,500,000 i California (Refunding) i i i, February 2, 1978 Maryland Department of Transrv,~' 'un 354,9001000 (Refunding) l January 17, 1978 Tacoma Department of Public Utilities - 11,000,000 Water Division, Washington (Refunding) i November 18, 1977 Maryland Health and Higher Educational 33,475,000 ; Facilities Authority (Peninsula General Hospital - Refunding) August 18, 1977 Salt River pmjeot Agricultural Improvement 1551915,000 and Power Distriot, Arizona (Refunding) } December 14, 1976 Nebraska Public Power District (Refunding) 163,925,000 24, 300, 000 April 4, 1973 ~ o~Divi~ion~'Washingtono Utilities TOTAL $ ,000 1x4a Municipal Power Agency Pefunding Analysis mi hg n®yy Page 51 rrN$UphaIA GXO, IncorporaVA Eleat'~Powewer eriattoe - • For 36 years, the firm has been a leading underwriter or financial advisor in the financing of publicly-owned generating, transmission and dixtribution facilities, For 1982, Smith Barney was the umber 1 f r in tax-exempt electric power financings, serving as a managing un erwr ter on over $6,7 billion of electric bonds, (See electric power rankings for the first half of 1982 herein; the preoise oaloulations for the full year 1982 will be published by Institution I Inv sto magazine and the Public Securities Asaooiation in Maro 19 • To our knowledge, no other investment banking firm has as many non-profit electric revenue bond issuers as clients as Smith Barney. More importantly, of our 62 clients, Smith Barney is senior manager to over half 02). The following is a summary of Smith Barney's current public power olients. This summary contains only managed financings for clients that issue on a UlLi aced basis and our financial advisory clients, &d th Barney, Harris Upham i Co. Incorporated Current Electric Power Clients Summary Listing municipal Smith Barney Joint Action Elegtrio Eleotrio Number of Role Agency Systems . Cooperatives Issuers Senior Manager 12 14 6 32 Co-Manager 10 11 0 21 Finanoial Advisor 1 8 0 9 Total 23 33 6 62 i • To serve all of these olients, Smith Barney has assembled the largest and most experienced public power staff on Wall Street, We have 28 professionals with experience in public power finanoing, with an average of over 11 years in public finance investment banking. Smi hetoountryI instermseofanet2plant, asleithest er mmanageraorpadvisor~tems in 4 • t • Over the past ten years, Smith Barney has been a manager or advisor for i? over $25,7 billion of electric revenue issuers Municipal Systems/Power Districts $121803,815,000 "Y Joint Action Agencies 12,188,920,000 Rural Electric Cooperatives 753+050,000 }25,7454 857 .000. t ~e,~s.~mrnlMlfal Texas Munioipal Power Agenoy Refunding Analysis rYtiit~h ~~y page 52 Aerr 44 P'am & Co. Incoiporotod *Smith Barney s oonsidered a lea er in dove oiling innovative teo niques~o allow its 0lients to market bonds at the lowest possible interest oost, Among the innovations that have been utilized by our power olients, argil Munioi al and Insuranog, Smith Barney was the first firm to utilize munioipal band insuranoe in oon3unotion with a point-aotion power bond issuer $268,000,000 Northern Munloipal Power Agenoy, April 1981, Inde endent REA Fipancing. Smith Barney developed the oonoept and the meohan sms and sold the first bond issue for a rural eleotrio oooperative based entirely on its own oredit strength, and not baoked by the U,S4 government or CFCs $3,600,000 Colorado-Ube Eleotrio Assooaation,In May 1977. This was the forerunner of 11 issues of this type aggregating $753,050,000, Pa tioi ants' Cov ra a Ratio, Smith Barney developed the Partioipants, Coverage Ratio ("PCR" , whioh is designed to provide a tool for analyzing joint aotion agenoies by giving oonsideration to the struoture of the Agenoy at the partioipant level, The PCR provides a pioture of the sensitivity of the partioipants to a shortfall in operating revenues, and thereby indioates the extent to whioh a shortfall would affeot their ability to PAY their share of annual debt servioe requirements and the agenoyi $268,000,000 Northern Munioipal Power operating os t;98r, Agenoy, April Annual Debt Servioe Coverage Ratio. Smith Barney developed this "oash o overage ratio to assist investors and rating agenoies in evaluating .10 s) new tye Of the oredit strength of rural Alao800eTri-Stateaaeneration andower issuer, of publicly sold debts $4,00010 Transmission Assooiation, November 1977. Shared Savings. Smith Barney devised a program whereby a oity would sell 1 power to -oed uld share theasavingsbrealized tax-exempt bonds for 18both°utplant il ities dwosell I In future years utility. tween t he oost of power on the tax-exempinvestoreowned ~utility'the highest marginal oost power souroe of the $38,0001000 City of Portland, Oregon, May 1979. Pon Reduoed Cou on Rerundin 0 tioBarney etoepermit0issuersetonsign ifi°antly Option was developed by Smith Essentially, this benefit from deoreases in tax-exempt interest rates. interest Pa using teohnique enables theheseventtsuohdbondshare°advanoed refunded. on t' oustanding bonds in the ACE Option, the issuer ° refundingioallidate oo ursliselengthened: but the time until the first November 1979- $9510401000 Miohigan South Contral Power Agenoy, 3 _A Texas MuWtO441 Power Agency Refunding Analysis Sh bara4y Page 53 Harr B p & CO. lnoorporatod JOINT'-ACTION AGENCY CLIENTS OF INVESTMENT BANKINO FIRMS (1) Senior Co- Financial Manager Mana&or dv sor Tota ath Barmy, Harris Uphao & Co. 12 10 i 23 9 13 0 22 Salomon Brothers Inc 9 9 3 21 Lehman Brothers Kuhn Loeb Merrill Lynch White Weld Capital 3 11 0 14 Markets Oroue 1t The First Boston Corporation 3 8 1 10 Blyth Eastman Paine Webber 3 3 3 9 Goldman, Sachs & Co. 1 5 3 9 Lazard Freres & Co. 1 4 1 6 Donaldson, Lufkin & Jenrette 0 6 0 6 E.F. Hutton Company Inc' 2 3 0 4 D illon, Read & Co. 'no* 4 0 Robinson Humphrey/Amerioan Express 0 2 0 3 Prudential-Ba.ohe securities 0 3 0 3 Dain Bosworth Incorporated 1 1 0 2 Boettcher & Company 1 1 0 2 Dean Witter Reynolds Dougherty, Dawkins, Strand 0 2 0 2 2 & Ekstrom 0 2 0 First of Michigan Corporation 0 0 2 2 First Southwest Company 2 0 2 Foster & Marshall /Amer Joan Express 00 2 0 2 John Nuveen & Co. 0 2 0 2 1 0 1 Bidder, Peabody & Co. 0 1 Bear, Stearns & CO, 0 1 0 N,, v Seattle-Northwest 0 1 0 1 Shearson/Amerioan Express c, (1) Does not include thitiveesaleor finanoings of issuers who must sell f F' > but includes the financial advisor who r<< their bonds at compet structured the oompetitive financings aP t rs r, Texas Municipal Power Agonoy Rafunding Analysis page 54 War r mihBapo I1®yem & CO. Incorporated MUNICIPAL PUBLIC POWER RANKINOS (1) (Six Months Ended June 30, 1982) Ranking Firm Volume No of (millions) Issues 1 Suitb Berney, Urria Upham & Co, Inoorporated ,]469,8 13 2 Salomon Brothers Ina 438,1 11 Dillon, Read & Co, Ina, ry The First Boston Corporation 334.2 2 312,4 10 5 t.Terrill Lynch White Weld Capital Markets Group 281,5 11 6 Goldman, Sachs & Co, 249,2 7 j 7 Donaldson, Lufkin & Jenrette Securities Corp, 19403 6 8 Boettcher & Company 187,8 2 9 E,F, Hutton and Company Inc, 175,4 6 10 Blyth Eastman Paine Webber Incorporated 172,5 7 11 Lehman Brothers Kuhn Loeb Incorporated 156,6 5 12 Yidder, Peabody & Co, Tnoorporated 13116 5 13 Seattle-Northwest Securities Corp, 130,8 4 14 Robinson Humphrey/Amerioan Express Ina 116,7 5 15 Foster & Marshall/Amerioan Express Ina, 106,0 3 16 Bear, Stearns & Co. 10111 3 17 John Nuveen & Co, Incorporated 84,0 3 18 Shearson/Amerioan Express Inc, 83.8 3 19 Bank of America NT&SA 74,5 2 Continental Illinois National Bank and Trust Co. 74.5 2 Dain Bosworth Incorporated 74.5 2 Morgan Guaranty Trust Company of New York 674.5 2 6,7 3 23 Interstate SecuritiInc. es Corporation 55.9 3 24 Prudential-Bache ~Securities 49.0 2 25 (1) Sources Institutional Investor magazine. The leadership rankings are derived using Institutional Investor's bonus-oredit-to-lead-manager formula, Each oo-manager in an underwriting is given a proportionate share of the credit, but the lead manager (the firm running the books) is given a double share, For example, in a $100 million financing with one lead manager and three oo-managers, the total is divided into five equal shares of $20 million, Each no-manager is credited with one share, while the lead manager, in recognition of its larger contribution to the financing, is given two shares, totaling $40 million. ! I sre.■rn,ram,n,~,o,u~ntimtnn~Rnl9RtFCp~A1~11RlIiYflR , Texas Munioipal Power Agency Refunding Analysis Smith n~~ Page 55 Harris p~'a & Co. lncorporaied ~~1tlvenua Boad F' nanniag ~perieaoe Smith Barney has been active in the Texas municipal bond market for many years, having managed over $14 billion in revenue bond financing since i980, in addition to the Texas Municipal Power Agency, Smith Barney has served as oo-manager to the Texas Turnpike Authority, the Texas Housing Agency, and the City of Austin, and recently was appointed oo-manager to the Lower Colorado River Authority. Smith Barney also serves as senior manager to the south Texas Higher Education Authority, Inc. and was recently appointed as senior manager for a new maintenance facility for Delta Air Lines being ooY::truoted at Dallas/Ft, Worth Regional Airport. Smith Barney has three sales offices in Texas, with 64 account executives, We have munioial sales specialists in Dallas who deal exclusively in the buying and selling of tax-exempt debt. In addition, Smith Barney has regional trading and underwriting capabilities in Dallas, which enables us to participate in Texas municipal financings on a more local level than would otherwise be possible from New York, Our municipal specialists bid on local Texas issues which, due to the smaller issue size eurnd llower slevel ofts have publioity, sieoeasitate professionals in Texas. succeeded in greatly increasing our participation in such deals, Texas Housing Agenoy The Aganoy was or sated in 1979 to finance the acquisition, oonstruotion and/or rehabilitation Or residential housing to meet the needs of persons of low and prices. I incomes l moderate Smith Barney was seleoteedtotaloofanager8inm1980o~nd has assisted in all of the Agency's financings Prinoipal._Amount Sale Date s 69,920,000 October 15 1982 100,000,000 July 9, 1942 150 000 000 October 24, 1980 Olt of Austin Texas - Utilit S s em Smith Barney was selected as oo-manager by the City of Austin In January 19821 stem I to assist them inThisthewasdeofeAssnocomplie of 1S9 of Revenue Bonds* stbm $598 million in refunding bonds. This bond sale constituted the largest e revenue bond ever issued in Texas and the eil eoutstanding bonds eanduresulted proceeds of the sale were used to defe in savings to~~uoingythe Cityesmdebb servicelandieliminating reserveafund expenditure, r deposits. Smith Barney developed the technique and spite their having t save the transactiont which allowed w he City money bondsdesInaddition# the issue refunded low 00upon bonds Texas Municipal. Power Agency Refunding Analysis page 56 `mi h ney Aarrrs p~arn , . & CO. tnewporated ~ ao tae t e pcas a as e o the City~s owners p~"is a'ra~a"'~he S Nuclear ProJeot, i S ut1 ~,g~as Higher Nduoation Authority c, Thi non-profit corporation was e,itabliahed in 1973 for vhe purpose of 1 providing Nnd3 for the acquisition and aervioing of guaranteed student loans, The first bond issue raised $20 million for this purpose in August 1977, The Authority services lenders and students in the southernmost region of Texas, whicesand54 counties and several large cities including San Antonio, Corpus Christi Smith Barney was selected senior manager in mid-1981, and in August 1981, privately placed $13 million in FBL and V1, program loans with a Midwest bank as well as provided forward financing fr,, nother $15 million of loans for the academic year 19 with the Au Smith Barney hmillionvshort-termgfinancing tothoberityfullytoinsuredissue the 3 approximately $148 American Municipal Bond Assurenoe Corporation. Dow Chemical Corporation Smith Barney has served as investment banker for Dow Chemical Company for 43 years, Dow's participation in the growth of the petro-ohemioal Industry in ha been atated the use Texas during that time ionsoontrolatax-exemptbfinanoingsif SmithtBarney has development 1975 served senior million manager sinoe ~9801ght issues totaling $92,275 million sinc and $43 e Issuer Principal Amount Sale Date Guadalupe-Blanoo River Authority $ 4,6001000 May 20, 1982 Industrial Development Corporation Young County 11 Industrial 4,500,000 May 20, 1982 Development Corporation Longview Industrial Corporation 40100,000 May 20, 1982 Webb County Industrial Development 31700,000 May 200 1982 Corporation industrial 2,250,000 may 20, 1982 Wichita County Development Corporation 50300,000 Oohiltree County Industrial April 23, 1982 Development Corporation 19,000,000 September 4, 1980 Brazos River Harbor Navigation District TOTAL 1 e ~eR~raiotm97f" "4! l IF dYAR II Tea,as Munioipal Powor Agenoy Refunding Analysis Mr i h arn0Y Page 57 s pii~m 8c o.I,roorporatod ,^th.~r COrpOr t On8 In addition to Dow Chomioal, Smith >sarnty has assiated several other, oorporate clients in managing their industrial development and pollution oontrol tax» exempt bond issues in Texas, Among the issues that we have managed area April 131 1962 0ulf Coast Waste Disposal 11765,000 Authority (Armoo, Ino.) oa)oration 51130,000 Deoember 10, 1960 Port D'5velorpontc pp (FlMor may 22, 1960 au1C Coast Waste Disposal 10,400,000 Authority (Imperial Chemioal Industries Limited) Tt)TAL 17,295x000 i ww4M., , wgwy;~n ' tY'y71.'1',+n ..1 I_ r.; t ..I'll I ~~~''f lf(fll mall lll~r :/i~F/.lf ) fi'. j.,~l rll k~ l~'rrldl Sl~l~f,!Iirll: tL ~..~~~.hi rrl o * J ~{~~~~y,, { I (11~'h I I I t i " ( ~.,,1.. qy Mrpyi°.q.......,. y.. 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'f,y ~'~ty llrt~~l'~~ ~5: rt'R r; r I r +}14aR J. v~ ~ e~fyCi1 r., `t~ tl~k ?~Va Itr 7~' y7 di~~♦ e1•.k'/'r ~hal~~{~4NIS.~S~ti}' v~ ~''v~`T~~l.r ~er 5 ~L v ~ rl ~'s~ S 3~ ~5 ~ : ' 4tl J ~ `7{ `fi}/ '^lYf ~~n, ~}r /6T •'II jv qC 'tint tl t~u~4 ~t\~IA f~`~ 1 v' M 1I , r~ ~ + ~ rig 1~[r~~'4 y 1i' Xly, ,t+r, ~u li rr1~ 1!y , l ! k +k i.} ~ I , :~lt v 3 ~ ~ I ft/wb ntia~'.7:f~'~YA[+♦\'SM1' f•r~'H ~fi 4 11 BIZ ~l { k e ,.,1/ ~ • ) J+ ♦ r t,Y °t} I. ~{IA'+4c i ,I F ,S r, pr, VL ~e +v1r. , A r l'~.} ~j o t 0"~:v ~ tl ~frr ! fr ~ ll ' ~Ir: r~r'A Y t'.tlefr'+~111~'15~!'~Jr.~?i~. 1'.rl.-Ily r r y /•r t ofq~.,1~ cv it/t vt td' ~ ~~~#k1f1'iM1 ~1'gRf1N'! 11W PRESENTATION TO TEXAS MUNICIPAL POWER AGENCY February 10, 1983 I I 1 TABLE OF CONTENTS PAGE MECHANICS OF A REFUNDING 1 MAJOR CONSIDERATIONS AFFECTING THE REFUNDING 3 SUMMARY OF RESULTS 5 BASIC ASSUMPTIONS 6 ESTIMATED COSTS OF ISSUANCE g TAB REFUNDING BOND CALCULATIONS A Outstanding Annual Debt Service Table I Semi-annual Debt Service to Call Table II Escrow Cash Flow Schedule Table III Estimated Principal Amount of Bonds Table IV Various Debt Service Comparisons and Alternatives Table V - XIII SALOMON BROTHERS "A" - RATED ELECTRIC REVENUE INDEX B VS, 15 YEAR STATE AND LOCAL GOVERNMENT SERIES RATES MECHANICS OF A REFUNDING actions anhIssuertsells nowerefundingnbondstandtdppliesdthe netns' proceeds of the new bond issue to the purchase of investments placed in an escrow account, which produce earnings and mature on or before the dates on which redemption premium, if any, and interest on tho old bonds is due, At maturity or the optional call date, the issuer would use the proceeds from the investments to retire the old bonds, The costs of issuance are expenses incurred in Issuing the refunding bonds and in retiring the old bonds, Hence the Invest- ment in the escrow account will be slightly less than the principal amount of new refunding bonds, The principal amount of new bonds will be greater than the principal amount of old bonds because under the arbitrage regulations, the allowable yield on the escrow fund investments is limited by the effective cost of the new bonds, Hence, more new bonds (at lower interest rates) are necessary to provide sufficient proceeds to purchase escrow investments which provide sufficient cash flow to pay interest and principal on the old bonds, Graphically, a high interest rate to low interest rate net refunding would look like this; Cash Flows to Call Date New Bonds Principal I Less; Cost of Issuance I i Escrow Account Principal Interest Income I I I ` I I I I Old Bonds Principal Interest r The savings to the issuer is in lower debt service payments (principal and interest) over the life of the new refunding issue, Savings to Issuer New Bonds Principal Interest Savings I 01d Bonds Principal Interest -2- h The savings to the issuerthe I is ,feoofrthebnow refundingmissueo (principal and interest) over Savin s to Issuer I Principal Interest savings { New Bonds { Principal interest old Bonds I MAJOR CONSIDERATIONS AFFECTING THE REFUNDING ng, There is presently approximately 400-425 basis point differ- ential between the rate on the outstanding Series 1982 Bonds and current rates applicable to the proposed refunding bonds, Because of the rapid and large changges in both the municipal and government markets, we believe that TUA should prepare the necessary documentation as quickly as possible to bring the refunding issue, and then reevaluate market conditions gust prior to mailing the red herring, Amount of Series 1982 Bonds to be Refunded We have analyzed under various market conditions refunding the two Term Bonds of the Series 1982 Bonds as well as refunding the entire issue. Refunding the entire issue generates slightly greater overall dollar savings and allows a bit more flexibility in restruc- turing debt service but requires a larger amount of refunding bonds. Government'and Municipal Interest Rates The interest rate on the refunding bonds and the reinvestment rate attainable on the escrow fund have the largest impact on savings, While the costs of issuance are important, they are less important than these two factors, The reinvestment rate attainable will de end on two things; (1) bond counsel's position on "present" IRS regula- tions (discussed more fully hereinafter), and (2) the government rate obtainable at the time of sale, When government rates are greater than the rates on the bonds, as in the current market environment, the bond rate is the major factor which influences savings, however, when the rate on the refunding bonds is greater than government rates, the reinvestment rate obtainable on the escrow fund may prove of greater importance, Current Government Interest Rates_ Based upon the current relationship between SLG rates and interest rates on a new TMPA refunding issue an escrow investment at a yield calculated to include all costs of issuance, will not result in negative arbitrage. -3- Recouping Issuance Costs The published IRS Arbitrage Regulations do not allow issuers recover on incurred In ubonds must s be t determined without including issuance costs, In turn, the escrow yield cannot be higher than the effective interest cost on the bonds. This is an important point in determining the attractiveness of a refunding, because the higher the effective rate on the bonds ind therefore on the er4crow, the smaller the principal amount of the refunding bonds required, and the greater the savings which result. The State of Washington was successful in a recent challenge to the IRS regulations on this point, The IRS did not appeal the court decision which held the foregoing to be invalid to the Supreme Court within the prescribed time in the specific case of Washington, however, it has not clarified its position any further than this. Theoretically the IRS presently has the options among others, of a) challenging other issuers in court jurisdictions, b) submitting legislation to Congress on this point (which, if passed could be applied retroactively) or c) rewriting the present regulations to comply with the court decision. In the wake of the Washington decision, various bond counsel firms have taken different positions as to whether or not costs can be recouped. Some firms may be willing to opine that costs can be recovered, but will state that they are relying on the Washington case, It will also be necessary to evaluate the impact of this type of opinion on the market, The question of recovering costs will clearly be a central point of discussion in the trans- action, Preliminary discussions with your bond counsel indicate a willingness to rely on the State of Washington case. Projection of SLG Rates Salomon Brothers has developed a sophisticated forecasting methodology including specialized computer programs to estimate SLG rates prior to their publication. This ability stems in part from the F'irm's constant activity in the Government and Agency market. Because decisions on the investment of the Escrow are very important, they should be made, if possible, with knowledge of the changes coming in the next publication of SLG rates, and this ability can be vital. .4. !4 pN_ r+ NN_ I~ NN N_p r~ M rr M 4f1 r r» M N rr N ti Ln CQ N d to `A ire'-, u~ d r M r- M 'U10M Ln ti; 4J CD 0 N lA r r✓ J N ' ^ Q O O co (A Ill O em V i i 0 ° bpp boo II LL m a G d b cb 00 ~A O C m Cn 'r x 'C1 C C r N C r r O C ro ~ o ° ti ~a Ull) 4- 4- p ~r w O d Cl H L7 a b l1'f ^ M to b 11 K v ~ M M M M 'd' v G G i ~ O O 4 In. Aj 4j N H L ro d pp W F f~, r~+ 4j 44 Li d G 7 > > Lb5 6NL1 d) L w WCY F- F- INA C C r r C r, ~ Gl d N Ih r . (A O M N^ r„ u L .Mi ro M C C IA t7l d) p 0 (0 C 6) ~ ~ L G Gal~tll+ O O b [G ro f- 4-) w di L ~~yy /!yy pp >Y K r„ r I N 41 d V C7 C7 LA L W L J O y G J N Q C J CD 3 W CNJ m d K 3 BASIC ASSUMPTIONS Assumed Interest Rates 1984 6000% 1996 9.00% 1985 8050 1996 9625 1986 6400 1997 9.60 t 1987 6,50 1998 940 1988 740 1999 9,70 1989 7,50 2000 9,76 1990 7.76 2001 9180 1991 8400 2002 9486 1992 8,25 2003 9,875 Term Bonds 1993 8,50 2012 10,00 Term Bonds 1994 8,75 2, Alternative Scale increases interest rates beginning 19996 1999 9,75% 2002 10,20% 2000 10400 2003 10,25 Term Bonds 2001 10,10 2012 10,375 Term Bonds 3, Gross Spread - $20,00 per $1,000 of bonds. 4, Agency Costs of Issuance - $2,00 per $1,000 of bonds, 50 a) Assumed 14 1/4% and 14 5/8% Term Bonds of the Series 1982 Bonds are refunded, and d b) Assumed all Series 1982 Bonds are refunded, 6, Refunded Bonds are redeemed on March 1, 1997 at par. i 7, Investment of Escrow,. 1. Escrow used to purchase SLG's, 2, No negative arbitrage, 8, bated and Delivered - March 1, 1997, j r I I 1 II e i -6- I ;ti I ESTIMATED COSTS OF ISSUANCE The cost of issuance in a refunding transaction is comprised of gross spread and TMPA's costs of 1ssua nce, Gross Spread Management Fee $ 3000 Underwriting Fee 1425 Expenses 1400 Average Takedown 14,75 TMPA's Costs of Issuance- $ 2,001$1,000 of bonds (1) 1 F (1) Es" mate supplied by TMPA TMPA'~e, costs of issuance include financial advisory, bond counsel and general counsel fees, auditing and actuarial fees, printing fees, and escrow agent fees, We wish to point out that in a high to low refunding the key factor affecting savings is the coupon on the bonds, While the cost of issuance is a factor it is much less significant than the interest rate, "r t y 7 y, t S~ 4 yi I i f 'I -7- i i f I Ir f i j t 4I`~ II i I i i r S s i i " i I Na.tH H.-IrIH MMNati I- N H M N N N M N M .i ~ p~? ~ h, h h },t.~Nyy ~ A0000 O?pp?,,pp0,,0 0pp0,,4pp~~,phpp F~tpp~;~lp*~~~pppnpp ~~~~ppy~y~.~ ~pp~~.~pp~pp ~~~ryry 3N «4`i~M~M ~MMMM MMMM~i ~'1'~F~F~F ~f4MMf~ MI~MMM «6 V N ~Ias t3iRKilR1R lR4~il4 i 14Ki~i4q kupRK i4 p 8 p p8Lq r •a iY f ~ (1~} ~-I ~ IrI INry [Nj -I -I ~v~jjl H ~.N) N'Nq N ~.N) (N~ M ttH~ `p d,1 ~q~+',! l~ 1~ 4a ~ ~ p4 Ia~1 ~ u~u~t ~ N T G ~ ~ M'0'O'ala 'O~~~a~ f~`4`0{~`6 q,~OPN.-+1146 tA•;0~•Oa nl';N ~Jy S • 4 A • ♦ ♦ , F F \ , F V H l~ 000 -010101010 0008'4 j1N b+, ~j,♦ WY NV. 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