22-1924ORDiNANCE NO. 22- 22-1924
AN ORDINANCE OF THE CITY OF DENTON TO DECLARE THE INTENT TOREIMBURSE CAPITAL PROGRAM EXPENDITURES OF THE ELECTRIC UTILITY
($72,961,641), SOLID WASTE UTILITY ($16,000,000), WASTEWATER UTILITY($41,198,000), WATER UTILITY ($36,188,000), AND GENERAL GOVERNMENT($72,305,000) WITH TAX-PREFERRED OBLIGATIONS (CERTIFICATES OF OBLIGATION
AND GENERAL OBLIGATION BONDS) WITH AN AGGREGATE MAXIMUM PRINCIPALAMOUNT NOT TO EXCEED $238,652,641; AND PROVIDING 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, SolidWaste, Water, and Wastewater utility projects approved as part of the FY 2022-23 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 or obligations for which a prior expression of intent to
finance or refinance is required by Federal or state law 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 atsuch time as it issues the obligations to finance tha Projects; NOW, THEREFORE,
THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS:
SECTION 1. The findings set forth in the above preamble to this Ordinance are true and
correct and are hereby adopted.
SECTION 2. The Issuer reasonably expects to incur debt, as one or more series of tax-
exempt obligations, tax-credit obligations 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 $238,652,641 for
the purpose of paying the costs of the Projects as described in Exhibit “A“ attached hereto and
incorporated by reference herein for all purposes.
SECTION 3. 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 4. 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 5. 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 in furtherance of this ordinance after 18 months of the date the original
expenditure is made.
SECTION 6. This Ordinance shall become effective immediately upon its passage and
approval.
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by the following vote a - A :
@ @ Abstain Absent
Gerard Hudspeth, Mayor:IZ
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Vicki Byrd, District 1 :
Brian Beck, District 2 :
Jesse Davis, District 3 :
Alison Maguire, District 4:
Brandon Chase, At Large Place 5 :
Chris Watts, At Large Place 6:
PASSED AND APPROVED this the 18th day of October, 2022.
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DEPOT YATTEST
ROSA PJOS, CITY SECRETARY
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APPROVED AS TO LEGAL FORM:MACK REINWAND, CITY ATTORNEY
EXHIBIT A
CAPITAL IMPROVEMENT PROJECr LIST
SERIES 2023 - Reimbursement Ordinance
As of October 2022
FY 22-23
CIP BudgetTermDEBT FUNDED PROJECrs
GENERAL OBLIGATION PROJECrs
Street Reconstruction
Bonnie Brae
Hickory Creek
Sidewalks
2019 Bond Election GO Total
2019 Bond Election)
20,000,000
7,500,000
4,855,000
2,000,000
34,355,000
fmPROJECTS (Internal Service/Enterprise
Pavement Reconstruction (Airport)
Vehicle Replacement (Airport)
Fleet Management Software (Int. Svc - Fleet)
Fleet Fuel Infrastructure (Int. Svc. - Fleet)
Internal Service/Enterprise Total
1,800,000
420,000
1,000,000
300,000mF
CERTIFICATES OF OBLIGATION PROJECTS (General Government):
Finance ERP (Finance)
Facilities Maintenance Program (Facilities)
Security System Upgrades (Facilities)
Fire Station # 9: Airport (Facilities)
Police Headquarters Renovation (Facilities)
ADA Accessibility Upgrades (Facilities)
ADA Accessibility Upgrades (Parks)
Inclusive Playground (Parks)
Parkside Playground (Parks)
Signal Cabinets (Traffic)
Emergency Vehicle Signal Preemption (Traffic)
Gridsmart Vehicle Detection (Traffic)
Drainage Improvements (Drainage)
Infrastructure Equipment (Technology Services)
Police Radios & Modems (Technology Services)
End User Computing (Technology Services)
Vehicle Replacements (Motorpool)
Vehicle Additions (Motorpool)
General Government Total
20
10
10
20
20
10
10
20
20
20
20
20
20
10
10
5
5
5
2,000,000
4,000,000
680,000
13,100,000
4,220,000
722,000
770,000
200,000
280,000
208,000
720,000
240,000
1,500,000
120,000
972,000
153,000
3,802,000
743,000
®3
CERTIFICATES OF OBLIGATION PROJECTS (Water)
Supplement to Bond Election 2019 Projects
Westgate Road and Drainage
Morse Street Reconstruction
Transmission Line Condition Repairs
Northwest Transmission Lines & BPS
RRWTP Disinfection Conversion and Chemical Improvements
LLWTP Raw Water Transmission Line
20
20
20
20
20
20
11,000,000
208,000
480,000
1,000,000
7,000,000
2,500,000
3,500,000
EXHIBIT A
CAPITAL IMPROVEMENT PROJECr LIST
SERIES 2023 - Reimbursement Ordinance
As of October 2022
FY 22-23
CIP BudgetTermDEBT FUNDED PROJECrs
GENERAL OBUGATION PROJECTS (2019 Bond Election)
LLWTP Clarifiers Rehab (Sludge Rake Coating)
Capacity Rerate and Performance Upgrades
SCADA Platform Development
Water Total
1,000,000
8,000,000
1,500,000
36,188,000
CERTIFICATES OF OBLIGATION PROJECTS (Wastewater):
Supplement to Bond Election 2019 Projects
Annual Field Service Replacements
Hickory Creek Interceptor IV
Dry Fork Sanitary Sewer
Milam Creek Basin Wastewater Line and Lift Station
Replace Hobson Force Main
Solids Handling Improvements
Cooper Creek Bar Screen
PCWRP Headworks Reconfiguration
Hickory Creek Forcemain Replacement
Robson Ranch Decommissioning Project
SCADA Platform Development
Hickory Creek Interceptor IIIWastewater Total
20
20
20
20
20
20
20
20
20
20
20
20
20
8,000,000
1,400,000
1,000,000
1,246,000
6,752,000
150,000
12, 150,000
50,000
3,900,000
4,000,000
550,000
1,500,000
500,000
1
CERTIFICATES OF OBLIGATION PROJECTS (Solid Waste)
Scalehouse Update & Scale Replacement
Home Chemical Collection Storage Capacity
Landfill Roads & Infrastructure
Fleet Shop at Solid Waste
Case/Steiger Scraper
Solid Waste Total
20
20
20
20
20
1,300,000
1,000,000
2,000,000
10,500,000
1,200,000
16,000,000
CERTIFICATES OF OBLIGATION PROJECTS (Electric)
Automated Meter Reading
Distribution Substations
Distribution Transformers
Feeder Extensions & Improvements
New Residential & Commercial
Over to Under Conversions
Power Factor Improvements
Street Lighting
Transmission Lines
Transmission Substations
DME Production Plant
Technology Software & Hardware
30
30
30
30
30
30
30
30
30
30
30
30
1,101, 641
10,530,000
2,400,000
12,640,000
5,000,000
500,000
500,000
2,500,000
8,200,000
15,615,000
2,200,000
5.275,000
EXHIBIT A
CAPITAL IMPROVEMENT PROJECr LIST
SERIES 2023 - Reimbursement Ordinance
As of October 2022
FY 22-23
CIP BudgetTermDEBT FUNDED PROJECrs
GENERAL OBLIGATION PROJECTS (2019 Bond Election)
Electric Relocations
Electric Total
6,500,000
2 1
TOTAL GC)s
TOTAL COsMIB TOTAI!
$ 34,355,000
$ 204,297,641
$ 238,652,641