Loading...
HomeMy WebLinkAbout1964-1969 I d' ',x,, v ♦ U N 'S r De CITY OF DENTON "Prevents A Five Year Capital Improvements Program a h POPULATION GROWTH TREND What Is A Capital Improvement Program? 1, The Capital Improvement Program consists of a comprehensive list of projects and facilities that are now or will be needed by the community in order to carry out a program of necessary public services, 2. The Capital Improvement Program is based on the Comprehensive Master Plan of the City of Denton, 3, The list of projects and facilities for the program consists of items that could not; be financed out of the operating budget, Follow ;i::orry, ITter much Study, you r1 ~.`ity Council i)(;lievos it berl- efieird to Denton's :future; to submit an improvement program for your consideration in an oloction to be hold March 17. We ario determined that eaci citizen be in- formed of every aspect of the pr-ogr,am, 't'his brochure has, been prepared as one means of supplying this infor- mation. Denton has a history of progress through whole- hearted community cooperation, This improvement pro- gram is a means of continuing to keep pace with the needs of growing Denton, Denton's last bond election was hold in 1960. Most of those bond funds will be dopleted this year, and be- cause of continued growth it has been determined that vital improvements are needed now. The amount needed is $6,500,000 and that amount Call be financed from 1965 through 1070 without a tax in- crease or utility rate increase. Please study this presentation, and bo assured that we will be happy to answer questions concerning the out- lined projects, Each citizen's, active support is needed to insure the continued progress of growing Denton, the City of Planned Progress, Respectfully, l 4 Nr ti ti 4 ~ Y O ~ ar°+v' ~e w 011f^ D.EN rom ' !I1 L tfUC TORE v UT/LI7/ES R~VENtJ~ OTWR r `?r 41 THE OMENS TO PROVIDE stR as 7o-~- WT RETIRE tENr r L4 TC W FOR h OUTTl `2i :Pj i How Can We Finance A Capital Improvement Program? l.. Gonoiral Obligittion 73onds This type of bond is an obligation issuod to finance improvomonts that are not exhoeted to earn onough rovenue to pay for their cori- struction so ave payable, both principal and interost, ex- elusively from taxes, 2, Rovenuo Bonds A revenuo bond is an obligation issued to finance a revenue producing facility that is capable of retiring its oven debt and payable, both prin- cipal and intorost, exclusively from the earnings of that facility, Financial Information A comprehonsive analysis the City's financial ability to embark on a 5 year capital improvomont pro- gram was made by the Finance Departmont, It has boon determined that it is possible (without an increaso in taxes or utility ratos) to mai.ket $6,500,000 in new bonds during the next five year period in addition to the pre- viously authorized but unsold $885,000 of existing bonds. With this infot-motion, tho City Council is recom- mending a five yflail Bond Program totaling ($(',500,000 to be submitted to the voters March 17. Financing a municipal bond sale of this size t-equires a careful examination of the City's existing debt struc- ture and an evaluation of revenues and expenditures, The basic components of the financial analysis included a review of the City's present debt; maturities, Denton's credit gating as established by national rating agencies, the revenue structure of City resources to meet all exist- in&): debt, and a determination of the financial ability of the City to moot all principal and interest obligations of the proposed issues over the life of the debt, The following' schedules present detailed financial data of the City's abilit;,: to borrow these funds without relinguishing the good credit rating presently main- tained, and the financial ability and stable revenue ,sources to meet these debt service needs. PROJECTED AMOUNT OF RESOURCES AVAILABLE AND REQU,IRP'M FOR GENERAL OBLIGATION BONDS 1964 P,8,367 4 $4044112 AD VALOREM TAX $7122,71s 1965 ',$1999717 $424,1317 Debt Service Governmelit )per ttion 1966 $2561,392 $4415X2 Debt Service Grove .11 ment Operation AD VA 1010"'M TAN, W1 1967 I $298t853 Wsbt Service 1 6820 1968 1 It $3.1136396 14919199 Debt Service Government Operatiom Black Income Red Expenses a~ ~ ~ ►r~ lrj 1(~ N 'v ~ ~ g g $ g g d W c0 A~~ h h 00 0 v vy s~ ~S88S8 C~ S 8 S S 4-2 h h ~h yv E 'V -jV' "W u'J W ' W PROJECT E'D AMOUNT OF REIS(}URCES AVAILABLE' AND REQUIRED FOR ELECTRIC REWENUE BONDS 5 634,220 Gross 111conle From Kfifes.of Electricity 1964 '$626,262 $269,4010 $9169679 $2,897,642 Gross Income Froul Sales of 11,41ectrif-ify 1965, $6299 17 $3629000 ~$1,008,346 Debt Service' 11111). Fund tiol I I $3,1879740 (mi"ONS 4 n I From Sales of Electricity-I'S 1966 $398t467 $Itl 99180 h, $39506;514 Cross Ikkelline From Sales of E'lectwicity 1967 $1v00A967 4389314 $1,220,009 Debt Service' peratioll $39857, 165 Gross A)( E'lectricity 196$ $9,969582 $4829145 '$1.342,000 Debt Service Black - • Income *---ItntRovement and Extention Fund Red --Expenses C) Ll-d i d ° 8 8 00 a ^l` vs Gq A c' tgol C> „Q H H H a>i © o a S Z L2 w v a ~ S o g ~ S w ° w to t7 2 VV ~l✓ V H H W o^ 0 h~l r1 t-I t-1 ref H Summary The proposed $6,500,000 in new bond4, to£;ethor with $885,000 in bonds presently voted and unsold, could be issued over the next five year period with no adverse ef- fect on Denton'i3 national municipal credit rating and with no increase in the tax rate of property owners, Further, no increase in olectric utility rates would be necessary to finance any part, of this proposed bond issue, r4 f`. Y j 1 e' / I, r, 21 000- f~4rt1 Fi A4 ri/ I ~i }I .Y ft~ / 1 11LL`t 1~ /r a) ~ .1 1 1~ d ~ 1 I • 1 Af ~ .e ~ it ~t?I S(f ~ I f 1 ~l~f ~ / 1 Ja 5~ S. ca # 1~1 Ir~ ~ .f i ~ 1 p 1~' ~k i u. City of Denton I.'roP()Scd Strect & DraiiYaoc Im1rovemen1s 1964 - 1969 $1,600,000 SUMMARY; 1)ru.ina irc; $ 350,000 Street Improvements 800,000 Right-of-Way 200,000 Street Assessment Program 450,000 TOTAL $ 1.,6001000 Less amount to be fill"InCed 14'v Current volvenue $ 150,000 N1q'W BOND MONEN $ 19450,000 Drainage $350,000 The drainagre program that was started in 1960 ex- ceeded the proposed expenditures, making it necessary to delote sonic of the projects, In order to continue an Moquate. drainage program and to complete the projects doemed necessary in 1960 an amount of $850,000 is need- ed. The projects to be completed are; 1, 4,800 feet of the south fork of Pecan Creel{ roughly between Locust and Newton; this drainage improvement consists of covering both the bottom and sides with concrete and correcting any hazards that cause flooding. In addition :four bridges will be reconstructed for better and safer access to the area, 2, 10800 feet of drainage through it highly develop- ed area off McCormick Street and between High- way 35 L and Willowwood Drive; this drainage channel will be improved with concrete sides and bottom, 3, 1,100 feet of draiiiagf,~tltt,oti h'. he spacious and heavily used Nette Shultz, Park; this drainage will be improved with a cincrete channel, 4. The creation of it badly needed retention dam for flood control in the Northwest area of the City. Proposed Street Improvements $800,000 Listed below is a summary of proposed paving pi-ojects which are priority improvements intonded to be accom- plished within the period of this Capital Improvements Program, This planned improvement program recom- mends the most logical arrangement, of priorities; how- ever, it should not be considered inflexible or binding. Rapidly changing economic conditions or practical com.. plications may anise in the :Form of more urgent needs which may alter the projects or the amount of funds to be applied to specific projects, PROJECT and LOCATI()N Length Width Cost Sherman Drive (Locust to Beaumont) 1500 ft. 60 ft, $49,000 Parhandle (Coit to Bolivar) 975 ft, 45 ft, 14,000 Parkway (Carroll to Oakland) 2460 ft, 45 ft, 90,000 Carroll (Sycamore to Parkway) 2025 ft. 45 ft, 40,000 Austin (McKinney to Parkway) 525 ft, 45 ft, 24,000 McKinney (Locust to Bell) 1275 ft, Two 24 ft, lanes 49,000 separated by a 14 ft, median West Oak (Cedar to Bonnie Brae) 81300 ft, 44 ft, 265,000 Bonnie Brae (135TH to Oak) 2625 ft. 45 ft, 591000 Bell (Hickory to Eagle) 13425 ft, 45 ft, 100,000 Hickory (I-xposition to Wood) 1500 yt, 45 ft, 351000 Wood (McKinney to Sycamore) 1325 ft, 40 ft. 15,000 Oak-Hickory Ext, (Bonnie Brae to 35E) 2200 ft, Two 30 ft, lanes separated by a 14 ft, median 6%000 1 ' ''S'am , l I~r+~rm streets rl r,~J 1 1~ MI'/1~ I f rJ,~~''' i ...I.r Drainage 1 (R .1.„li I t r r- yl~+ ~l.it!t71'V " y I E lel+ ill. if i'ul,e1 1~.. ~ ~ _ f fI , [ I Ir 11 IrI ' ^ ! ( : I khwa .ll . _[I.1111 ) J` . /j ! 1) l l..l LIII 111 I , e 1 ~ ~ ll( ~t Ui._~l i .6 v . lil 111 N11 f1~ if lR 11 III ~ry^[•'I IE.1f . ~ - , Ir I1~r„~~1_ In ~~G{` EI If r„ I. llyi _^J' 7Z::i~7~.i1._ L 1'villi'~~.It..JI 1R ~,NW~[)[! ( _ l[ 1 if ll )~I11 i Alit- 1 Flood Control i a MII/1 ~f ~~~,1~ I,f 1f1 f , Dam ~ I Fay-' 11Al~ ,111. (..........1 11 1 1 l~✓t~l ~I /l,l l1 ~,1L1+ ~I..._!~ .,II IVul 11 11 II..~1 II 4 . , 1 dl ^L 1.111. 1 1l I III - II ,~>t. JI J it f 11 l1 l;l.l I f,~~~~__. y L-.JIlr~ ifs 1I f ..j,. Mu, 1 II n1 ~ ~=E i 1. 11~ ..YYwa 11~ ~ 1r' I r~ J tr Iw 1411. L1- ! if JI_ ]f ilif, !If _ I~ ~P Il l l.lll II _ 1 r'1u11,1. i . ro 4■R u1 _ -.1f rf ICE f'riCJf 11, u M 7u 1 -J~..._... 11 . ~ I1 I, A,I rr~ 11I, pQ . B ,v+.rel 11 ,!.`l r,,+ N:. r I Il~lli l'.. Jf' ~F I .11- i M1In~ r 'r it r (p, 1 f. 01 ! E Ibu, l 141,1 n/ 4 1 ! j , ` J ~ J✓/ l I 1 Im IrN~~ h~ - .11 .4. 1 i ~ l tt 1 if [uN_WM .~I.RYYi/ J ' , 'MIIHI L' \ 1y111 . ' 11 t. it I I i'111N1f ~(M, w91 i1 1+~■C■..I rl ~lt 10 . IrJS~ ~115 ! NU,L l.. ~l n11fJ__.. K \ E ~r° `p 1XJI. I IAl. ~IIf1~oilU..+if 7 I ~ H, f IIL,\~, 1 J l, 4~ 1.. /Laglu I1I~I4 1r 1 ~ + ~11r Street Assessment Program $250,000 Under the assessment program the property owners o►i both sides of the street will assume one-third of the cost of curb, gutter and p~ivng as their f)ro-rata share with the City assuming an equal onc,-third. The City's share of thi street improvement work for the period of this program would amount to $250,000 which includes costs of drainage structures tend for pav- ing at intersections, rlThis program is actually initiated by you, the citizen, and will be participated in by the City and your neigh- bors, Right-of-Way $200,000 When a progressive street and drainage program is Undertaken it is oftetl necessary to open new streets and re-route existing drainage channels, This requires the acquisition of additionai right-of-way, 'i'ho cost of mighty of-way necessary for the proposed street and drainage program is estimated to be $200,000. f~ X41 r lot 41 ~?'lllilll 'i 0 A& Aft 6 v c~_'t .Y. lc i ~a1 F.#~ M1. Ir 6v # Y {F j3#~` 7Y~y S.4l.i~ v i ! City of Denton I.'roposed Civic; Center Improvements 1964- 1969 $800,000 SUMMARY: 1. Municipal Building $4000000 2. Community Building 400 000 TOTAL $800,000 Less amount to be :financed by nu1+,rent revenues $100,000 NEW BOND MONEY ,$700,000 Civic Center Program $800,000 The Proposed Community and MLInicip€ll Building will become the hub of the planned Civic Conter. At the present timo, € ll of the hooded property has, been pill-- eha,wd and one xbuildinj;' started, the County Jail, It is planned to consolidate all public buildings in an attr€ic- tivo central location-particularly, those buildings that provide it community-wide service. Proposed buildings to be included in the Civic Center aro; a County Office and Records building, it State and Federal Of:.fico building, it Post Offico facility, a Municipal building, and it Com- munity building, I ; f 1 courthotsxa 2 pity hall -o 3 poet bftio 4 olty hall - flow ,-;~ll I ! 8 amerloan legion 0 al 7 1 y~ 7 o0uountnty 8 oommunlty J I U library ` 10 pool ! ? li WOMO111H club V ~7 f ICY? to In I r f i 4 irk, f ' ~ r , n td7 . , t Erg cF ; ' p - • uj f E ri f loCHIM 11 I 1., DENTON CIVIC CENTER f!,' SITE PLAN J ~jlnufl ford and assocs. '°•urchilects a i ~~ti r _ 1~ ~ i. ~ ~ l V f , ° o ~M~ ' ~~pJ~ ~ z'. ~ ~ 11 t _ .7~ o o ~ ~'`t ~ ~ 5'1d, ~v ~ ~sf. 3~.-~ nt3f7: ~`~Yas ~r ,~,n i~ ~ f-. i ~ i E °t ;l' t d° ~ ~'f t`; W~ iE,c ~ T 5X ~ u ~ r`. 4 ~ ~ r ar i s. a Yi e } City of Denton 1"rod oscd A. r1 oti Improvements 1964- 1969 $50,000 Improvements to the airport will include the following items: 1. Paved entrance to the airport facilities 2. Paved parking area 31 Runway lights 11, A boacon light 6. Radio communication 0, Administration Building and T-Hanget;s NH W BOND MONEY $50,000 Each Denton municipal facility creates an indelible impresjion on visitors and citi;,e; s, 'I`hcreforc, it is im- portant that Denton present the proper image. The Mu- nicipal Airport, for example, is one facility that is it ])oil- ton show window, so to speak. The airport urgently tiecds repair and modern equipment, including basic safety de.. vices, Airport; improvement will mean image upgrading. for progressivo Denton, t r r t ' yk F N G a ~ Y , T M. r I Pa44a 1 kr` r}y ; r r'f gain y~- }i. .'rr`5~;5~7u~ p.Yl:i S; 5 r ~Ft e't',' ~oo,F City of Denton Proposed Pavlz And Rcerea-t-ion I MProvements 1964 - 1969 $300,000 SUMMARY; 1, Two new city parks to serve all sections of the City 5000 2, Equipment 25,000 3, Swimming Pool 125,000 4, Library 100,000 TOTAL $300,000 [NEW 13OND MONEY $+30000 Parks and Recreation $300,000 '.I'lle CIty oil' Denton is embarkhw on as aiew enorget- ic parts mid reelvaatiol7 progn,"1111, To (!I Jill pliment this new prog)-earn two new halrlc5 will be jmrcha swd, D.,Iuch park will co►t5igt o[' approximately 26 acres and the nec- essary equipment and landsnalping' to rnalrc them Tune- tional rocreaation :facilitios. At the prow,nt time, the City o[' Denton htas a total of 65,74 Acres set. duside i.'or parts: asitw III it receaat Study, pro swntod the City oi' 1)cnton by W. ll, Keoling', it was noted thalt the r(-1WDIMended num- ber oT aacre;s ['or etwh 1,000 rc~5}dcnzl;as Should be ten; on thins basis, Wo ;should have approximately 270 awres, In addi- tion to the 17tarlc~s, swin7n~ili~; f'tlciliti(N ~.vill 1x± con;structwcl for the en,joyiriclst of' the citilens aand to implument as }otarn-to-,-"wim prow; earn, 'Phe City and County coopentle ill pr,viclilig, a li- brary for the citiions. Tho City, coshing to up-grade the library 1'aacil tie5> will m9c, a approxilnaately 81001000 to on- iars;'e the lib)aary ill Denton's flow Civic ('enter, Oil the ollow}n),. paj;v as mall) „how's the number' and locta.tion o'[' )ra c~)roye(! lrali kis at s outlined ill the lg(0 'Allwto), Mall 1'or Dentotr, I i~ 1 r' i•ti j ~ r. i ~ P tr f q I 1. ~.I. :I 1 uuKt pi,:••, t t.~ f ~ S p r li~in iln 1 • r . + +t,ri I ,ua l 1 71 1 I . f JJ , DENTON,TEXAS 19 b 0. 19 8 5 1 11 1 P 1 A 11 N 1 11 0 A flu f o 11 I tl o (U M M I S 5 1 o t, +rnic ;I: nn ) t, Ir AG[ F• F -W II,IIcAi !r : r ::t I!f,~ ~nan s. r '1n• p nt t1 + pArrll +,.t lAU:h Lit .i AI' 1 + n ~ ~ S 1 , q < , i 1 ~ 1 3 { r, • 4 Ck4 s 41, ~r i r # ri y - i 2rt y { M4F, F 1 F 1 I Ia t'~ L ll S• r{F~K3 :.M1~ a` M1yi. THESE AM,,', 1'IIL FACTS: 1, During the past five ycan,5, the E ectrie Fund has contributed more than $468,300 to the Goneral Fund. 2, With the continued oporratiorl of the electrical sys- tem, $1,000,000 will be contributed to the Gencrrtil Fund during the next five yoravs, 3. Fifty-five per cent (GC°,a) of the C'".v and Public Utilities total income is derived from electric Sys- tom revenues, 40 Twenty-one per cent (21%) of the Gcnoral Fund Revenues is received from the Electric Fund. r, Municipul mower for all City jvwornment opera tions cost less. 6, Denton Municipal l+lectric Utility is one of Den- ton',s ]areal industries-----omployirrp,' "1 citirelm On the following paAres is shown it m€ap of the tranr~- mission -arid distribution circuits tlrat will he constructed to crarry Dower from the existing; and proposed electric install~af.ion, 1 O ^ Lunn Ilt. too 1v' All Va ltn -0 111I! /:III & bn u I SV6S7ATION I II ?I eon ly f ~ Ir I 1~ Ion rl I - Q r.,, .rua rr 9U133TATIVN 8 r0a I L $041lr1t - 11.pn ~.....wv.r`a r p[t4rl Mr lOa~ ~•«•ti.Fr M... .,.rM , '1 OA N nf1; fdl Vlt fl,ll , -+-'--"•h Pon tl Iq AI I iil : I L : „11111 111 1 I (nll it 10. .9 run I ¢>:aca 1 _ n ~f PoWEn Pon t 5TAf 100 I1 I 1 04, t~ f r i If UENII TRANSMISSION AND rxlnTNG Olvv I.nlf M1A.Ir]R D19TRISLITION C113CUITS [xlshNn 11?" I f1L5,LARGFM r,iAFf h10 cucPrR REPORT ON ELECTRIC SYSTEM tx15TWU 172H11 LFNF9.4r CUPHFII I'nopoUr) tor.w I,n11'5.'.11n 1 CITY OF MNION, 1EXA9 Pr QP05V 1) 11.21ty 1.111L h, NIFP I d^« tW)P( SL0 05 KY 11ttt 9, .9T 1'.N z ffthCa. 6 y[Ai611 COPIMT010 EN0IHEEGB xh"SAA CI19, HIBMOUAI I9A1 r City of Denton ImI rovements 1964 - 1969 $4,000,000 PRODUCTION: 44,000 I(w Installacien Turbinc generator fend accessories 11)336000() Stearn generating unit 975,000 81110faco condonsor and accessories 280,000 float oxchanger equipment 175,000 Boilrr feed Pumps 110,000 Control and instrumentation 140000 Cooling tower 1'701000 Miscellaneous Mechanical equipment 180,000 Electrical equipment 400,000 (x011e1'al construction G00,000 mechaalical construction 700,000 Electrical construction 300,000 l ngineering, overhoads, legal, administrative an([ contingencies 784,000 TOTAL $0000000 TRANSMISSION AND DISTRIBUTION: Power plant substation $335,000 Substations 1 & 2 550,000 69 ITV Transmission lines 100,000 13,2 KV Distribution linos 165,000 1~)nginee~itib, overheads, legal, administrative, and contingencios 170,000 TOTAL $11320,000 `total electric improvemont $7,320,000 Less amrunt to he financod by curront funds and previous bonds $31820,000 NE BOND MONEY 0$91000,000 i These Are The Five Year Needs , . Streets and Drainage $1,600,000 Civic Center Program 800,000 Ah-poi-t Improvement 50,000 Parrs and Recreation 300,000 Electric Utility Improvemont 7,3` 0,000 TOTAL CAPFPAL IMPROVEMPN'1'S x;10,070,000 This amount to be finnneod out of current funds, future revenue, and provious bonds $3,570,000 TOTAL 1 ONO PROGRAM $6,500,000 mwRkmmmwmKm~- - wommmi For A Progressive Denton i