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23-1426ORDNANCE NO. 23- 1qX6 AN ORDnqANCE OF THE CIFY OF DENTON TO DECLARE THE nJTENT TO REMBURSE CAPITAL PROGRAM EXPENDrrURES OF GENERAL GOVERNMEvr ($115,883,425), THE SOLID WASTE urILrrY (87,080,000), THE WATER UTILITY ($82,751,072), THE WASTEWATER UTiLrrY ($55,960,396), AND THE ELECTRIC urnrFY ($82,549,689) wmi TAX-PREFERRED OBLIGATIONS (CERTIFICATES OF OBLIGATION AND GENERAL OBLIGATION BONDS) WITH AN AGGREGATE MAXMUM PRINCRAL AMOUNt NOT TO EXCEED $344,224,582; AND PROVEDnqG 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 Govemment, and Solid Waste, Water, Wastewater and Electric utility projects approved as part of the FY 2023-24 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 at such time as it issues the obligations to finance the Projects; NOW, THEREFORE, THE COUNCIL OF THE crrY OF DENrON 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 $344,224,582 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. The motion to approve !his ordinance was made by CU pQ b> eU i and seconded by v& hi By, J . The o ved by the following vote U - A: M @ Abstain Absent Gerard Hudspeth, Mayor:J 7 / ,“ Vicki Byrd, District 1 : Brian Beck, District 2: Paul Meltzer, District 3: Joe Holland, District 4: Brandon Chase, At Large Place 5:-L Chris Watts, At Large Place 6: PASSED AND APPROVED this the 24th day of October, 2023. DSPETH, MAYOR ATTEST: JESUS SALAZAR, crrY SECRETARY L\\\IIII IIII// APPROVED AS TO LEGAL FORM: MACK REnrWAND, CITY ATTORNEY DWIy SigHd by Stan KaBH Susan Keller ::HimuD- B 1( q 1[11d:a ;1() ; ; r T & r 1 1 1 +11)!11 g 5 ][)bw EXHIBIT A CAPITAL IMPROVEMENT PROJECr LISTING SERIES 2024 - Reimbursement Ordinance October 23, 2024 DEBT FUNDED PROJECTS GENERAL OBLIGATION PROJECTS (2019 Bond Election) Streeme ruction Hickory Creek Road Ryan Road Street Lighting Sidewalks 2019 Bond Election GO Total 18,000,000 8, 100,000 4,000,000 3,500,000 2,000,000 35,600,000 CERTIFICATES OF OBLIGATION PROJECTS (Internal Service): Fleet Building Addition Equipment and Furnishings Fuel Control Hardware / Software Upgrade End User Computing Internal ServicaTn©t8l] 2,000,000 650,000 664,500 3$ CERTIFICATES OF OBLIGATION PROJECTS (General Government): Security Hardware Upgrade (Facilities) Facilities ADA Upgrades (Facilities) Facilities Capital Replacements (Facilities) Facility Condition Maintenance (Facilities) Standard Building Specifications (Facilities) Adjacency Remodels (Facilities) Service Center Renovation (Facilities) ADA Transition Plan Improvements (Parks) Parkside Property Playground (Parks) 135 TxDOT Merge Artwork (Parks) Traffic Signal Cabinets (Traffic) Gridsmart Vehicle Detection (Traffic) Traffic Signal Design and Rebuilds (Traffic) Vehicle Replacement - General Fund (Motorpool/Fleet) Vehicle Additions - General Fund (Motorpool/Fleet) Infrastructure Replacement (Tech Services) Radios & Modems (Tech Services) Asset Management Software (Tech Services) 180,000 1,068,600 4,000,000 10,000,000 500,000 50,000 9,000,000 309,000 280,000 1,500,000 208,000 240,000 1,950,000 5,500,000 1,535,000 1,641,500 725,653 5,000,000 Continued on next page Citywide Fiber Replacement (Tech Services) CAD/RMS Software Replacement (Tech Services) Land Management Software (Tech Services) Swisher Drainage Installation (Drainage) Longridge/Stonegate Area CMP Replacement (Drainage) Parking Lot Replacements (Facilities) Bonnie Brae 4B (Streets) Bonnie Brae 5 (Streets) Riney Road East (Streets) McKinney Sidewalks (Streets) General Government Total 500,000 4,000,000 5,000,000 350,000 1,000,000 931, 172 8,000,000 2,000,000 6,000,000 5,500,000 76,968,925 CERTIFICATES OF OBLIGATION PROJECTS (Solid Waste) Home Chemical Collection Storage Capacity Cell 5 & 6 Construction Vehicles - New Additions Vehicles - Replacements Solid Waste Total 2,000,000 1, 950,000 130,000 3,000,000 7,080,000 CERTIFICATES OF OBLIGATION PROJECTS (Water): AM I/AMR Replacements Sampling Station Upgrades Distributor Replacement Program LLRWPS Redundant Power Supply LLWTP Clarifiers Rehab (Sludge Rake Coating & Sludge Valves) LLWTP Raw Water Transmission Line Robson Ranch Water Line (WMP:15) RRWTP Capacity Rerate and Performance Upgrades RRWTP Disinfection Conversion and Chemical Improvements RRWTP Expansion #1 (HC:O-1); RRWTP Expansion #2 (HC:O-6) Supplement to Bond Election 2019 Projects Transmission Line Condition Repairs LLWTP Sludge Dewatering Improvement Project Service Center Renovation Water Total $7,000,000 500,000 4,320,572 250,000 3,500,000 7,500,000 400,000 8,000,000 4,000,000 31, 580,500 12,200,000 1,000,000 500,000 2,000,000 2} CERTIFICATES OF OBLIGATION PROJECTS (Wastewater) 12/15-inch Robson Ranch Interceptor (HC: O-4) Clear Creek Water Reclamation Plant (CCWRP) Collector Replacement Program Hickory Creek Water Reclamation Plant Ph 1 (HC: O-1, O-2, O-3) $M 460,000 4,915,318 171, 178 Continued on next page Milam Creek Basin Wastewater Line and Lift Station PCWRP New 75 MGD Headworks PCWRP Expansion to 26 MGD Supplement to Bond Election 2019 Projects Oversize Participation Wastewater Total 5,752,000 24,000,000 6,300,000 8,000,000 4,000,000 55,960,396 CERTIFICATES OF OBLIGATION PROJECTS (Electric): Automated Meter Reading Building Construction Distribution Substations Distribution Transformers Feeder Extensions & Improvement New Residential & Commercial Power Factor Improvement Street Lighting Transmission Lines Transmission Substations Technology - Software Electric Relocations Electric Total $1, 194,689 5,000,000 8, 170,000 7,000,000 14, 975,000 7, 100,000 500,000 1,800,000 14, 850,000 15,860,000 100,000 6,000,000 82,549,689} TOTAL GOs $35,600,000 308,624,582 $ 344,224,582 TOTAL COs GRAND TOTAL