2016-318S:\Legal\Our Documents\Ordinances\16\Reimbursement Ord.docx
AN ORDINANCE OF THE CITY OF DENTON, TEXAS TO DECLARE THE INTENT TO
REIMBURSE CAPITAL PROGRAM EXPENDITURES OF THE ELECTRIC UTILITY
($65,000,000), • !($23,580,000), AND GENERAL GOVERNMENT
EQUALAND GENERAL OBLIGATION BONDS) WITH AN AGGREGATE MAXIMUM PRINCIPAL
AMOUNT •' $100,915,000; AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, of Denton - - fmunicipalcorporation/political
subdivision ofthe State
of
and
WHEREAS, the Issuer expects to pay, or have paid on its behalf, expenditures in
facilities approved as part • 1 f • I • !:.. • + *6020107 •: 1 • •.
in Attachnigit ]_ hereto (the "Electric Utility - prior • issuance •.. Certificates of
Obligation • •, prior expression • to finance or refinance is - • by Federal •
financestate law to finance the Electric Utility Projects; and
WHEREAS, the Issuer expects to pay, or have paid on its behalf, expenditures in
connection with the ongoing capital expansion of the Solid Waste refuse and recycling activities
approved as part of the FY 2016-17 Capital Improvement Program Budget and described in
Attachinei-it 2 hereto (the "Solid Waste Projects") prior to the issuance of Certificates of Obligation
for which a prior expression of intent to finance or refinance is required by Federal or state law to
• •.... Waste
Projects;
WHEREAS, the Issuer expects to pay, or have paid on its behalf, expenditures in
connection with the ongoing capital expansion of the General Government projects approved as
part of the FY 2016-17 Capital Improvement Program Budget and described in Attacillp,ent 3
hereto (the "General Government Projects" and, together with the Electric Utility Projects, the
Obligation Bonds for which a prior expression of intent to finance or refinance is required by
Federal or state law to finance the General Government Projects; and
WHEREAS, the Issuer finds, considers, and declares that the reimbursement of the Issuer
for the payment of such expenditures will be appropriate and consistent with the lawful objectives
of the Issuer and, as such, chooses to declare its intention to reimburse itself for such payments at
such time as obligations •finance the Projects;NOW, THEREFORE,
THE' COtJNCII, OFTI:lt," CITY OF D111" TON FIEREBY ORDAINS:
SECTION 1. The Issuer reasonably expects to incur debt, as one or more series of tax-
• •� �• -• •• *. • • • �• * • •
. • • - r •
to finance or refinance required by ederal • oiiecfiveiy anu inuiviuMly,
UA -
Preferred •'• •aggregateprincipal amountequal to $100,915,000 for
purp• - of • of _ ' •
I S:\Legal\Our Docurnents\Ordi nances\ I 6\Reimbursement Ord. docx
SECTION 2. All costs to be reimbursed pursuant hereto will be capital expenditures. No
Tax -Preferred Obligations will be issued by the Issuer in furtherance of this ordinance after a date
which is later than 18 months after the later of (1) the date the expenditures are paid, or (2) the
date on which the property, with respect to which such expenditures were made, is placed in
service.
SECTION 3. The foregoing notwithstanding, no Tax -Preferred Obligation will be issued
pursuant to this ordinance more than three years after the date any expenditure which is to be
reimbursed is paid.
SECTION 4. The foregoing Sections 2 and 3 notwithstanding, all costs to be reimbursed
with qualified tax credit obligations shall not be paid prior to the date hereof and no tax credit
obligations shall be issued after 18 months of the date the original expenditure is made.
SECTION 5. This Ordinance shall become effective immediately upon its passage and
approval.
PASSED AND APPROVED this the I day of 0 Q)� 2016.
CHR� '"A I -TS, MAYOR
ATTEST:
JENNIFER WALTERS, CITY SECRETARY
BY:
APPROVED AS TO LEGAL FORM:
ANITA BURGESS, CITY ATTORNEY
BY:
Attachment 1
CITY OF DENTON
DENTON MUNICIPAL
ESTIMATED USAGE OF 2016/17/ PROCEEDS
Line Item (000)
Locust Substation
3,020,509
Denton North Interchange
216,635
Hickory Substation
7,198,466
Eagle Substation
550,871
RD Wells Interchange
74,275
Mayhill Substation
4,970,222
Long Road Substation
1,145,070
Woodrow Substation (Switchgear & Main Control Bldg.)
1,411,221
North Lakes Substation
711,800
Underwood Substation
303,289
North of Loop 288 at TX428 Substation
519,924
Brinker Substation
7,922,646
Denton Energy Center Substation
1,454,548
TMPA Spencer Interchange
1,640,235
Various Subs RTU Installs
273,579
SCADA Computer Replacement
247,583
Other Substation Projects
306,384
Bonnie Brae - North Lakes
1,003,252
Pockrus - Mayhill
1,714,650
Spencer Switch - Locust
1,106,618
Denton North - North Lakes
1,903,140
Denton Energy Center Substation
261,454
Hickory - Locust
3,927,886
New 138 kV TL from Woodrow to Brinker
370,899
New 138 kV TL to connect Brinker to Spencer
565,470
New 138 kV TL to connect Mayhill to Brinker/Spencer
188,490
New 138 kV TL to connect Brinker to Loop 288
747,879
Arco -Cooper Creek reconstruction
1,355,911
TL Routing Study
304,016
Total Substation and Transmission Line Related Projects
45,416,922
Automated Meter Reading
1,070,957
Building Construction
831,533
Communication Equipment
238,575
Distribution Transformers
1,939,614
Feeder & Extensions
10,864,057
New Residential & Commercial (less AIC)
3,611,129
Over -Under Conv / Power Factor Impr,
561,715
Street Lighting
331,300
Other Distribution Projects
134,198
Total Distribution Line and Other Related Projects
19,583,078
Total Estimated 2016-17 Bond Proceeds Usage
65,000,000
t., : �"T"iT�if�►�
FY 2017 SW&R CIP
1
Auto Side Load
SW1157
294,000
2
Auto Side Load
SWI 158
294,000
3
Auto Side Load
SW1159
327,000
4
Rear Load
SW1053
231,000
5
Front -Load
SW1055
290,000
6
Front -Load
SW1148
352,000
7
Front -Load
Addition
290,000
8
Roll -Off
SW0870
222,000
9
Recycling Drop -Off Site Improvements
20,000
10
Leachate Recirculation Infrastructure Expansion
75,000
11
Landfill Excavator
Addition
450,000
12
Electric Forklift
Addition
30,000
13
TCEQ Authorized Facility Systems Infrastructure
525,000
14
TCEQ Ground Water Well and Methane Gas Monitoring System
25,000
15
Process Upgrades & Technology Improvements
400,000
16
Solid Waste & Environmental Engineering Services
150,000
17
Cell Development
3,000,000
18
TCEQ Permitted Control systems
1,050,000
19
MSW Facility Machinery & Equipment
150,000
20
Permit Amendment
250,000
21
Site Maintenance Improvements & Improvements
325,000
22
Solidification Equipment
Addition
290,000
23
100 Yard Trailers
Addition
180,000
24
Mobile Light Power Plants
Addition
30,000
25
Roll -Off Containers
Addition
50,000
26
Articulated Dump Truck
SW0028
580,000
27
Track Loader
Addition
500,000
28
Mining Material Diversion Equipment
Addition
2,150,000
29
BMR Material Diversion Equipment
Addition
300,000
30
BMR Excavator Material Handler
SW1261
550,000
31
BMR Facility Improvements
Addition
250,000
32
BMR Wheeled Excavator
Addition
450,000
33
BMR Trommel
Addition
580,000
34
Dump Truck
SW0029
150,000
35
Solid Waste Fund Property Acquisition (T)
500,000
36
HCC Building Solar
400,000
37
Operations Building Expansion
1,200,000
38
Maintenance Building
2,000,000
39
NG Line Extension
400,000
40
Entrance Upgrade & Road Tie -In
1,300,000
41
Materials Processing Building
2,700,000
42
KDB Property Acquisition
220,000
43
KDB Building Design
50,000
23,580,000
FY 2017 Solid Waste & Recycling Reimbursement Ordinance CIP 23,580,000
Attachment 3
City of Denton
General Government CIP
FY 2016-17
PROGRAM DESCRIPTION ) FY 2016-17
1 Misc Traffic Signals
$
500,000
2 Miscellaneous Roadways
$
100,000
3 PROPOSITION 1- 2014 Bond Election
$
600,000
4
5 Fire Station #3 Remodel/Rebuild - McCormick
$
1,000,000
6 Relocation of Communications Center & Criminal Investigations Bureau
$
500,000
7 PROPOSITION 2 - 2014 Bond Election
$
1,500,000
8
9 Total - 2014 Bond Election GOs
$
2,100,000
10 _
11 Vehicle/Equipment Replacements
$
3,860,000
12 Facility Maintenance Program
$
1,175,000
13 Public Safety Radio Upgrades to Digital
$
2,000,000
14 Computer Aided Dispatch (CAD) System Replacement
$
_ 3,000,000
15 Fleet Fuel Truck
$
200,000
16
17 Total - COs
$
10,235,000
18
19 TOTALS
$
12,335,000