20-2424ORDINANCENO. 20-2424
AN ORDINANCE OF THE CITY OF DENTON TO DECLARE THE nqTENT TO
REDaBURSE CAPITAL PROGRAM EXPENDITURES OF THE ELECTRIC UTILITY
($42,538,108), SOLED WASTE ($3,000,000), WATER ($23,647,184), WASTEWATER
($26,144,574), AND GENERAL GOVERNMENT ($72,608,678) WITH TAX-PREFERRED
OBLIGATIONS (CERTWICATES OF OBLIGATION AND GENERAL OBLIGATION
BONDS) WITH AN AGGREGATE MAXIMUM PRNCnAL AMOUNT NOT TO EXCEED
$ 167,938,544; AND PROVDING AN EFFECTIVE DATE.
WHEREAS, the City of Denton (the “Issuer”) is a municipal corporation/political
subdivision of the State of Texas; and
WHEREAS, the Issuer expects to pay, or have paid on its behalf, expenditures in
connection with the ongoing capital expansion of the General Government and Electric, Solid
Waste, Water, and Wastewater utility projects approved as part of the FY 2020-2 1 Capital
Improvement Program Budget and described on Exhibit “A“ hereto (collectively, the “Projects”)
prior to the issuance of Certificates of Obligation and General Obligation Bonds which are tax-
exempt obligations, tax-credit obligations and/or obligations for which a prior expression of intent
to fInance or refinance is required by Federal or state law (collectively and individually, the “Tax-
Preferred Obligations”) to finance the 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 it issues the obligations to finance the Projects; NOW, THEREFORE,
THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAnqs:
SECTION 1. The Issuer reasonably expects to incur debt, as one or more series of tax-
exempt obligations, tax-credit obligations and/or obligations for which a prior expression of intent
to fInance or refinance is required by Federal or state law (collectively and individually, the “Tax-
Preferred Obligations”), with an aggregate maximum principal amount equal to $167,938,544 for
purpose of paying the costs of the Projects.
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 (i) the date the expenditures are paid or (ii) 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. That this Ordinance shall become effective immediately upon its passage
and approval.
S e C O n d eT: Jr1r1 0 t i O n t omAr A 0 r d i n a n C e \rIVr a spa sid and app roSS
by the following vote [--L - D] :
@ ISla,,Abstain Absent
Gerard Hudspeth, Mayor:V/
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Birdia Johnson, District 1 :
Connie Baker. District 2:
Jesse Davis, District 3 :
John Ryan, District 4:
Deb Armintor, At Large Place 5 :
Paul Meltzer, At Large Place 6:
PASSED AND APPROVED this the 12th day of January 2021.
Gh%hMYOR-
ATTEST:
ROSA RIOS, CITY SECRETARY A\\llllllllf/
BY: Z
APPROVED AS TO LEGAL FORM:
AARON LEAL, CITY ATTORNEY
Digitally signed by Mack
Reinwand
Date: 2021.01.06 1 2:23:32
EXHIBIT A
CAPITAL IMPROVEMENT PROJECT LISTING - DETAILED
SERIES 2020 . Reimbursement Ordinance
As of January 12, 2021
DEBT FUNDED PROJEcrs
FY 20-21
CIP Budget
Reimbursement
Request
GENERAL OBLIGATION PROJEcrs:
Street Reconstruction
Bonnie Brae
$2,400,000
8,000,000
0 T $2,400,000
$8,000,000
2Sidewalks
L r Street Improvements
SUBTOTAL - STREET IMPROVEMENTS (PROPOSITION 1) 2019 Bond Election $12,400,000 $12,400,000
Public Safety Facilities
SUBTOTAL - Facilities (PROPOSITION 2) 2019 Bond Election
42,900,000
$42,900,000
40,000,000
40,000,000
TOTAL GOs - GENERAL GOVERNMENT $55,300,000 $52,400,000
CERTIFICATES OF OBLIGATION PROJECTS:
2012/2014 Street Reconstruction
Vehicle Replacement
Facilities Maintenance Program
General Government
$8,900,000
$3,650,000
$1,477,420
$14,027,420
$8,900,000
$3,650,000
$1,458,678
$14,008,678
Fleet Expansion
311 CRM System
Loop 288 Building
Internal Services Fund
$2,900,000
$1,300,000
$2,000,000
$6,200,000
$2,900,000
$1,300,000
$2,000,000
$6,200,000
TOTAL COs . GENERAL GOVERNMENT $20,227,420 1 S 20,208,678
LCR Compliance - Unknown Impacts
FM 1515 TXDOT 16" Waterline Relocation
Oversize Waterlines
Contracted Field Service Replacements (2020 Bundle)
TXDOT 135E Relocations - Water
TXDOT 135N Relocations
Elm and Locust Phase 2 - 380 to Hickory
Bonnie Brae Phase 3
Admin Building
Regulatory Performance Upgrades
Northwest Transmission Lines & BPS
Impact Fee Reduction
WATER:
250,000
225,000
200,000
3,856,900
8,228,000
2,700,000
4,037,284M
250,000
225,000
200,000
3,856,900
8,228,000
2,450,000
4,037,284
800,000
W5
14,600,000
3,350,000
(2,725,000)
$35,522,184
D3 o,000
$23,647,184
1
EXHIBIT A
CAPITAL IMPROVEMENT PROJECT LISTING - DETAILED
SERIES 2020 - Reimbursement Ordinance
As of January 12, 2021
DEBT FUNDED PROJEcrs
FY 20-21
CIP Budget
Reimbursement
Request
Barrow Gravity Main
ASSET MANAGEMENT PROGRAM
825,000
257,500
50,000
25,000
50,000
85,000
298,700
15,000
2,620,600
10,000
120,000
87,550
3,560,000
200,000
2,325,000
260,000
2,867,611
400,000
1,768,000
2,952,163
1, 100,000
1,500,000
25,000
31,000
8,000
80,000
3,000,000
8,300,000
500,000
25,000
25,000
(500,000)
32,871,124
+$
B
I
+
]
I
I
I
Is
$I
250,000
?57,500
PRIVATE LATERALS REPLACEMEr\A
EASEMENT MAINTENANCE
MANHOLE REPAIR/REPLACEMENT
BONNIE BRAE 380 TO WINDSOR (phase 6)
WW SERVICE LINES
85,000
B9 700
Wastewater System Modeling
Contracted Field Service RepEacements (2020 Bundle)
Miscellaneous Equipment
$
$
$
$
$
$
$
$
$
$
S
$
$
$
$
$
$
$
$
$
U i
120,000Windsor Sewer
WASTEWATER TAPS $
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
S
$
$
$
$
E
Oversize WasteWater Lines
3,560,000
200,000
2,325,000
260,000
2,867,611
400,000
1,768,000
2,952,163
1,100,000W ooo
Hickory Creek Interceptor Lining (27")
Hickory Creek Interceptor IV
Elm Street Sewer Line Replacement Phase 2
Denton HS / Bonnie Brae Oversize - Wastewater
TXDOT 135E Relocations - Wastewater
Bond Election 2019
Hickory Creek Dry Fork Interceptor
Bonnie Brae Phase 3
SAMPLING EQUIPMENT
Laboratory TOC Analyzer
Upgrade LS Chart Recorders
Plant Improvements
Clear Creek Basin Pump Sti
Solids Handling Improvem€
Cooper Creek Bar Screen
80,000
3,000,000
5
Concrete Improvement
Effluent Reuse
Impact Fee Reduction
WASTEWATER:$26,144,574
SW Fleet Facility
SOLID WASTE:
3.000,000
3
3,000,000
3,000,000
EXHIBIT A
CAPITAL IMPROVEMENT PROJECT LISTING - DETAILED
SERIES 2020 - Reimbursement Ordinance
As of January 12, 2021
DEBT FUNDED PROJEcrs
FY 20-21
CIP Budget
Reimbursement
Request
Automated Meter Reading
Communications Equipment
Distribution Substation Cost
Distribution Transformers
Total Feeders & Extensions
Miscellaneous - CIS Enterprise System
Total Residential & Commercial
Total Over to Under Conversions
Total Power Factor Improvement
Street Lighting
Transmission Lines Cost
Transmission Substation Total
DME:
968, 108
150,000
,848,000
,900,000
,450,000
,500,000
,750,000
,000,000
100,000
,000,000
,430,000
,400,000
,496,108
968, 108
150,000
5,000,000
1,900,000
9,450,000
0
3,750,000
1,500,000
100,000
0
9,580,000
10, 140,000
2
TOTAL COs $153,116,836 $ 115,538,544
GRAND TOTAL $208,416,836 $167,938,544