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08 Police/Courts Bldg FinanceC RTIFICAT S OF 0 LIGATION CITY OF PARIS, TEXAS $6,000,000 Combination Tax and Revenue Certificates af Obligation Series 2002 PROPOSED SCHEDULE OF EVENI'S Proposed Date Action 12-14-02 SWS Securities (SWS) submission of Request for Information (RFI) to City officials 01-07-02 SWS to receive requested informOtion from the City 01-07-02 Commence preparation of Preliminary Official StatemenUNotice of Sale (POS/NOS) 01-11-02 Send POS/NOS to parties for revie~v 01-14-02 Regular City Council meeting to authorize the publication of the Notice of Intent to Issue Combination Tdx and Revenue Certificates of Obligation (CO's) and to authorixie SWS to proceed with the certificate issuing process 01-17-02 First publication of Notice of Intent 01-18-02 Receive POSINOS comments 01-21-02 Submit POS/NOS and financing do¢uments to rating agencies and insurence providers. 01-24-02 Second publication of Notice of Ihtent 01-29-02 Send issue information to MAC for publication in Calendar and Conditions of Competitive Sales 01-30-02 SWS to arrange for Parity bidding ahd make application for CUSIP numbers 02-01-02 Release POS/NOS for printing & di$tribution to investment community and post POS/NOS to the SWS website. 02-08-02 Receive Municipal Certificate Undetlying Rating and Notice of Qualification forlnsurance. 02-11-02 Regular City Council meeting to feview bids and adopt Ordinance authorizing and selling the CO's.',(6:0 0 p.m.) 02-15-02 Submit transcript of proceedings to ! Attorney General for approval 02-15-02 Print & mail Final Official StatemenN, (OS) and post Final OS to the SWS website 03-05-02 SWS to notify all parties of closing/~elivery instructions 03-13-02 Payment for and delivery of the QO's. November 28, 2001 sb,ooo,ooo CITY OF PARIS, TE7US CERTIFIGTEB OF OBlIG11TI0N, iERIES 2002 . CambinalDabt S*rvfce Period Fiacal Prior tambined Date Prineipel Capon Interest Totsl - - Total - - - Debt Service - - Fiseal Total 3/ 1/ 3 ° - 330,000.00 - ' 330,000.00 ' ' ° " 9/ 7/ 3 20,000.00 5.500000 165,000.00 185,000.00 515,000.00 2,704,333.75 3,219,333.75 3/ 1/ 4 764,450.00 766,450.00 9/ 1/ 4 185,000.00 5.500000 764,650.00 349,650.00 513,900.00 2,722,757.25 3,236,057.25 3/ 1/ 5 759,362.50 759,362.50 9/ 7/ 5 195,000.00 5.500000 759,362.50 354,362.50 513,725.00 2,714,296.25 3,228,021.25 3/ 1/ 6 754,000.00 154,000.00 9/ 7/ 6 205,000.00 5.500000 154,000.00 359,000.00 573,000.00 2,775,206.75 3,228,208.75 3/ 7/ 7 148,362.50 168,362.50 9/ 1/ 7 220,000.00 5.500000 148,362.50 368,362.50 516,725.00 2,771,308.75 3,228,033.75 3/ 7/ 8 742,372.50 162,312.50 9/ 1/ 8 230,000.00 5.500000 142,372.50 372,312.50 576,625.00 2,716,750,00 3,230,775.00 3/ 1/ 9 135,987.50 735,987.50 9/ 1/ 9 245,000.00 5.500000 735,987.50 380,987.50 516,975.00 2,714,500.00 3,237,475.00 31 1110 729,250.00 129.250.00 9/ 1/10 255,000.00 5.500000 129,250.00 384,250.00 513,500.00 2,772,326.25 3,225,826.25 3/ 1/11 122,237.50 122,237.50 9/ 1/17 270,000.00 5.500000 122,237.50 392,237.50 576,475.00 2,110,961.25 3,225,436.25 3/ 7/12 714,872.50 116,872.50 9/ 7/72 285,000.00 5.500000 114,812.50 399,812.50 514,625.00 2,723,670.63 3,238,295.63 3/ 1/13 706,975.00 106,975.00 9/ 1/13 300,000.00 5.500000 106,975.00 406,975.00 513,950.00 1,371,766.25 1,885,096.25 3/ 1/14 98,725.00 98,725.00 9/ 1/14 320,000.00 5.500000 98,725.00 618,725.00 517,450.00 1,375,438.75 7,892,888.75 3/ 1/15 89,925.00 89,925.00 9/ 1/15 335,000.00 5.500000 89,925.00 424,925.00 514,850.00 966,495.00 1,487,345.00 3/ 1/16 80,712.50 80,772.50 9/ 7/16 355,000.00 5.500000 80,712.50 435,772.50 576,625.00 507,791.25 7,024,216.25 3/ 1/17 70,950.00 70,950.00 9/ 7/17 375,000.00 5.500000 70,950.00 445,950.00 516,900.00 509,978.75 1,026,818.75 3/ 7/78 60,637.50 60,637.50 9/ 7/78 395,000.00 5.500000 60,637.50 455,637.50 576,275.00 570,590.63 1,026,865.63 3/ 7/19 49,775.00 49,775.00 9/ 7/19 415,000.00 5.500000 49,775.00 464,775.00 514,550.00 570,750.00 1,024,700.00 3/ 7/20 38,362.50 38,362.50 9/ 7/20 440,000.00 5.500000 38,362.50 478,362.50 516,725.00 508,612.50 1,025,337.50 3/ 7/27 26,262.50 26,262.50 9/ 7/27 465,000.00 5.500000 26,262.50 497,262.50 517,525.00 577,525.00 3/ 1/22 13,475.00 73,475.00 9/ 1/22 490,000.00 5.500000 13,475.00 503,475.00 516,950.00 576,950.00 - 6,000,000.00 4,308,750.00 10,308,150.00 33,405,050.00 43,713,200.00 ACCRUED 6,000,000.00 4,308,750.00 70,308,150.00 33,405,050.00 43,773,200.00 Dated 3/ 1/ 2 with DeL ivery of 3/ 1/ 2 eorxl Years 78,330.000 Average Coupon 5.500000 Average li fe 13.055000 N 1 C X 5.500000 X Using 100. 0000000 Prepered by SWS Seourities Micro-Muii Debt Oate: 77-28-2001 9 74:34:34 Filename: GARIS Key: 02C0 ON CTION CITY OF PARIS, TEXAS $6,000,000 General Obligation Bonds Series 2002 PROPOSED SCHEDULE OF EVENTS Uate Action 03-11-02 Council Meeting to call bond election and name election officials and polling places (at least 45 days prior to election date) 03-13-02 SWS to notify Municipal Advisory Council (MAC) to publish notice of election in Bond Reporter 03-21-02 First publication of Notice of Election in paper of general circulation 03-21-02 Post Notice of Election in three (3) places, one of which is normal council meeting posting location 03-28-02 Second publication of Notice of Election in paper of general circulation 04-17-02 First day for early voting (17th day prior to election) 04-29-02 SWS submission of Official Statement Request for Information (RFI) to City officials. 04-30-02 Last day for early voting (4th day prior to election) 05-04-02 Election Day 05-07-02 Special Council Meeting to canvass election returns and discuss sale of bonds 05-10-02 SWS to receive completed RFI and related issue documents from the City 05-10-02 Commence preparation of Preliminary Official StatemenUNotice of Sale (POS/NOS) 05-15-02 Submit draft of POS/NOS to all parties for review 05-21-02 SWS receives comments on POS from all parties 05-22-02 Submit POS/NOS and financing documents to rating agencies and bond insurance providers. 05-28-02 Send issue information to MAC for publication in Calendar and Conditions of Scheduled Sales 05-29-02 SWS to arrange for Parity bidding (electronic bids over internet) and make application for CUSIP numbers 05-31-02 Release POS/NOS for printing and distribution to investment community and post POS/NOS to SWS website 06-07-02 Receive Municipal Bond Underlying Rating and NotiCe of Qualification for Insurance. 06-10-02 Regular Council meerting to review bids and adopt ordinance authorizing the sale of the Bonds (6:00 pm) 06-14-02 Submit transcript of proceedings to Attorney General for approval 06-17-02 Print and distribute Final Official Statement and post Final OS to SWS website 07-01-02 SWS to notify all parties of delivery instructions 07-10-02 Payment for and delivery of the Bonds November 28, 2001 PROPOSED $6,000,000 CITY OF PIUtIS, TEXAS GENERAL OBLIGIITIOM BOMOS, SERfES 2002 sasa=s~s Cabined Debt Service ........s.- : Periad Fiscal Prior Cmbined Date Principal Ca4on Interest To[al Totel Debt Service Fiscal Total 3/ 1/ 3 220,000.00 220,000.00 9/ 1/ 3 120,000.00 5.500000 165,000.00 285,000.00 505,000.00 2,704,333.75 3,209,333.75 3/ 7/ 4 161,700.00 161.700.00 9/ 71 4 185,000.00 5.500000 767,700.00 346,700.00 508,400.00 2,722,757.25 3,230,551.25 3/ 1/ 5 756,612.50 156,612.50 9/ 1/ 5 195,000.00 5.500000 156,612.50 351,612.50 508,225.00 2,714,296.25 3,222,521.25 3/ 1/ 6 151,250.00 151,250.00 9/ 1/ 6 205,000.00 5.500000 157,250.00 356,250.00 507,500.00 2,775,208.75 3,222,708.75 3/ 1/ 7 765,612.50 145,672.50 9/ 1/ 7 275 000 00 5.500000 745 612.50 360,612.50 506,225.00 2,717,308-75 3,217,533.75 3/ 1/ 8 739,700.00 139.700.00 9/ 1/ 8 225,000.00 5.500000 139,700.00 364,700.00 504.600•00 3/ 7/ 9 133,572.50 133,572.50 9/ 1/ 9 240,000.00 5.500000 733,572.50 373,512.50 507,025.00 3/ 1110 726,972.50 126,912.50 9/ 1/10 250,000.00 5.500000 126,912.50 376,972.50 503,825.00 3/ 1/11 720,037.50 720,037.50 9/ 1/11 265,000.00 5.500000 120,037.50 385,037.50 505,075.00 3/ 1/12 112,750.00 712,750.00 q/ 7/12 280,000.00 5.500000 112,750.00 392,750.00 505,500.00 3/ 1/1; 705,050.00 705,050.00 9/ 1/73 295,000.00 5.500000 705,050.00 400,050.00 505,100.00 3/ 7/74 96,937.50 96,937.50 9/ 7/74 375,000.00 5.500000 96,937.50 477,937.50 508,875.00 3/ 7/75 88.275.00 88.275.00 9/ 7/15 330,000.00 5.500000 88,275.00 478,275.00 506,550.00 3/ 1/76 79,200.00 79,200.00 9/ 1/16 350,000.00 5.500000 79,200.00 429,200.00 508,400.00 3/ 1/17 69.575.00 69,575.00 9/ 7/77 365,000.00 5.500000 69,575.00 434,575.00 504,150.00 3/ 1/18 59,537.50 59,537.50 q/ 1/18 390,000.00 5.500000 59,537.50 "9,537.50 509,075.00 3/ 1/79 48,812.50 48,812.50 9/ 1/79 470,000.00 5.500000 48,872.50 458,872.50 507,625.00 3/ 1/20 37,537.50 37,537.50 9/ 7/20 430,000.00 5.500000 37,537.50 467,537.50 505,075.00 3/ 1/27 25,712.50 8,712.50 q/ 7/27 455,000.00 5.500000 25,712.50 480,712.50 506,625.00 3/ 1/22 13,200.00 13,200.00 9/ 1/22 480,000.00 5.500000 - 73,200.00 493,200.00 506,400.00 - 6,000,000.00 4,128,850.00 10,128,850.00 ACCRUED 6,000,000.00 4,128,850.00 10,128,850.00 Dat ed 7/ 7/ 2 with Del ivery of 7/ 1/ 2 eord Years 75,070.000 Ave rage Coupon 5.500000 Ave rage Li fe 12•511667 N I C % 5.500000 X Usirg 100 .0000000 Frepered by SYS Smurities 2,716,150.00 3,220,550.00 2,714,500.00 3,227,525.00 2,712,326.25 3,216,751.25 2,770,961.25 3,216,036.25 2,723.670.63 3,229.770.63 1,371,746.25 1,876,246.25 7,375,438.75 7,884.313.75 966,495.00 7,473,045.00 507,791.25 1,016,791.25 509,918.75 7,014,068.75 570,590.63 7,079,665.63 510,150.00 1,017,775.00 508,612.50 1,073,687.50 506,425.00 _ 506,400.00 ' 33,405,050.00 43,533,900.00 33_405_050.00 43,533_900.00 Micro-Mini Debt Date: 11-28-2001 8 74:32:37 Filmeme: VAR[S Key: 0260 McCall, Parkhurst & Horton L.L.P. MEMORANDUM TO: Interested Parties FROM: McCall, Pazkhurst & Horton L.L.P. DATE: June 18, 2001 -REVISED: REVISIONSlNITALICS SUBJECT: Legal Election Dates and State Holidays in 2001 and 2002 Change of Uniform Dates and Restriction to Uniform Dates As of September l, 2001, all bond elections in Texas must be held on uniform election dates (as changed on September 1, 2001), with the exception of bond or maintenance tax elections for school districts and colleges, which entities may additionally hold a"wild-card" elecrion on any date once duiiiig each biennium. Note that school or college elections called prior to 9/1/01 for dates on or after 9/1/01 may still be held under prior law without using up the one "wild cazd" election date. The remaining uniform election dates for 2001-2002 are now as follows: • August ll, 2001 • September 8, 2001 • November 6, 2001 • Febmary 2, 2002 • May 4, 2002 • September 14, 2002 • November 5, 2002 (final uniforrn date under prior law) (2nd Saturday in September); (1 st Tuesday after 1 st Monday in November); (lst Saturday in Febnuary); (lst Saturday in May); (2nd Saturday in September); and (1 st Tuesday after the first Monday in November); "Wild-card" elections by school dishicts and colleges may be held on any date except for the blackout dates 30 days before and after the state general elections. Since no state general elections aze held in 2001, there are no blackout dates in 2001. The state general elections in the 2002 are as follows: prilnary: March 12, 2002 (second Tuesday in March); Runoff: Apri19, 2002 (second Tuesday in April); and Genernl: November 5, 2002 (first Tuesday after first Monday in November). A graphical representation of the legal dates and blackout dates is attached to this Memorandum. Timeof Calling Election On June 17, 2001, Governor Rick Perry vetoed the bill that would have required all elections to be called at least 62 days prior to the election date. Therefare, the minimum remains at 45 days. Texas and Bank Holidays Also for your reference, following is a list of Texas holidays and bank (narional) holidays from July 2001 through December 2002: Date Texas Ban Remainine Holidavs in 2001: Independence Day 07/04 - Wed ' Lyndon B. Johnson's Birthday 08/27 - Mon Skeleton - Labor Day 09/03 - Mon • Rosh Hashanah 09/18 - Tue Oprional Yom Kippw' 09/27 - Thu Otp ional Colwnbus Day 10/08 - Mon - ' Veterans' Day 11/11 - Sat • ' Thanksgiving Day 11/22 - Thu • • Day After Tbanksgiving 11/23 - Fri ' - Christrnas Eve 12/24 - Mon • Christmas Day 12/25 - Tue Day After Chrishnas 12/26 - Wed Holidavs in 2002: New Year's Day 01/01 - Tue Confederate Heroes' Day 01/19-Sat (n/a) ~ Martin Luther King, Jr. Day 0 1/21 - Mon Presidents' Day 02/18 -Mon Texas Independence Day 03/02 - Sat (n/a) Good Friday 03/29 - Fri Optional Cesar Chavez Day 03/31 - Sun (n/a) San Jacinto Day 04/21 - Sun (n/a) Memorial Day 05/27 - Mon d Skeleton - Emanciparion Day 06/19 - We ' Independence Day 07/04 - Thu ' Skeleton ~ Lyndon B. Johnson's Birthday 08/27 - Tue Labor Day 09/02 - Mon Rosh Hashanah 09/07 - Sat (n/a) Rosh Hashanah 09/08 - Sun (n/a) Yom Kippur 09/ 16 - Mon tional . Columbus Day 10/14 - Mon Veterans' Day 11/11 - Mon Thanksgiving Day 11/28 - Thu Day After Thanksgiving 11/29 - Fri : - Chrishnas Eve 12/24 - Tue Christmas Day 12/25 - Wed Day After Christinas 12/26 - Thu Note: "Skeleton° means state of£ices will be open with at least irnnimal "skeleton" crews. "Optional" means a holiday that employees may take in lieu of a skeleton-crew holiday. Calendar of Texas Election Dates and Holidays McCall, Parkhurst & Horton L.L.P. July 2001- December 2002 1 Jul '02 1 ~ Au ust'02 TX Legend = Uniform Election Date Blackout Date End of Week (Saturday) P = Primary Election R = Runoff Election G = General Election ~ = Holiday (US and Texas) US = US Holiday only TX = Texas Aotiday only SAM L ROCHUR S CITY OF MIDLOTHIAN CITY BO" ELECTION INFORMATION PROPOSITIONS ONE AND TWO SATURDAY, PVIARCH 13, 1999 VOTE ! ! Why is a bond election being called? The proposed Capital Improvement Program represents an opportunity for the City of Midlothian to address several critical issues. Residential and commercial growth city-wide has created a need for enhanced traffic flow throughout the City and better access to State highways and major thoroughfazes. The extensions of Mortis Road and South 14`h Stteet are proposed to create necessary north-south roadway systems. The widening of George Hopper Road will provide improved traffic flow azound existing schools, pazk, and shopping facilities in the central region of our community. Recent citizen surveys revealed that 77% of those interviewed support the concept associated with these improvements. Additionally the Bond Program involves water and sewer improvements in many azeas of the City. New development and aging utility infrastructure will continue to change the demand for service. Water reliabiliTy also effects State Fire Insurance ratings for all property owners. The Capital Improvement Program will extend new water and sewer mains and upgrade existing wastewater pump stations and force mains. How will the bond money be spent and what is the impact ? Proposition No. 1. $16.755 million for street improvements. • Moms Rd (US 67 at Dove Ln. S. to Mt. Zion Rd) Proposed 2-lane concrete street with 120-ft. wide right-of-way. • George Hopper Rd. (FM663 to US 287) Proposed 5-lane concrete street, with continuous lane and proposed 80-ft right-of-way. • S. 14°i Street (US 287 S. to George Hopper) Proposed 2-lane concrete street with 60-ft right-of- way. • S. 14'' Street (George Hopper Rd. S. to Mt. Zion) Proposed 2-lane concrete street with 90-ft right-of- way. The sale of bonds for street projects will require an incremental tax increase totaling approxunately $0.10 to be phased in over the next three years. The following chart shows the projected taxes required on various property values. Proiected Increase Net Value - Rojected of City of Wuer Combined Pmperty Midlothian Districl Total Yearlv Monthlv $80,000 $219.62 176.00 $395.62 $ 80.00 $6.67 100,000 274.52 220.00 494.52 100.00 8.33 120,000 329.42 264.00 593.42 120.00 10.00 How will the bond money be spent and whaf is the impact? Prooosition No. 2. $2,7 million for water and sewer syStem projects. • 12-inch water main ori Mt. Zion Rd., from FM 663 to Sudith Lane. • 12-inch water main starting on US 287 from Morris Road east and then sauth to Mt. Zion and on to Sudith Lane. • 12-inch water line on US 287, from US 67 to Padera Lake. • 10-inch sanitary sewar line, from the City of Midlothian's Wastewater Treatment Plant to US 287. • Sanitary Sewer lift station and force main improvements througpiout the system. The sale of the water and sewer bonds will require an increase in utility bills of approximately $8.00 per month. Summary The Bond program relieves traffic congestion and provides the citizens of'Midlothian with an improved roadway system and enhanced utility service throughout the City. INFORMATION ABOUT THE ELECTION When is the election? Saturday, Mazch 13, 1999 7:00!AM to 7:00 PM Where do I vote? City Hall, 104 W. Ave. E Midlnthian, Texas Who can vote? Qualified voters who reside within the City Limits of Midlothian, Texas. City residents must be registered to vote 30 days prior to the election. Can i vote early? Yes! When and where i5 early voting? City Hall, February 24, 1999, through Mazch 9, 1999, from 8:00 AM to 5:00 PM, on each day except Saturdays, Stimdays, and legal state holidays. THE MIDLOTHIAN CITY COUNCIL WANTS EVERYONE TO BE WELL INFORMED ABOUT THE ELDCTION. THERE ARE PROJECT DESIGjNS ON DISPLAY AT CITY HALL FOR YOUIL REVIEW. IF YOU HAVE FURTHER QUESTIONS CONCERNING THIS IMPORTANT DEtISION. PLEASE CONTACT CITY HALL. LN. City'Iof Allen Mayor anO City Council 19918-1999 Steve Terrell David Kerr Lonnie Thomas Doug Gallagher Susan Bartlemoy Kenneth Fulk Melissa Owen Mayor Mayor Pro Tem Place 1 Place 3 Place 4 Place 5 Place 6 Table of Contents ' Overview l Steering Committee ..........................3 ' Proposition List ..........................4 Sample Ballot ..........................7 ' Voting Information ..........................8 Questions & Answers 9 Overview The City of Allen's June 12`" bohd election is the result of many hours of reseazch, deliberations ond decisions made by the City Council, City staff and citizen vqlunteers. The election, if ap- proved, would fund capital imprOvement projects determined dur- ing this planning phase. ' The City of Allen began the Cap tal Improvement Program (CIP) planning process in August 1998~ when the City Council approved the process. In November 1998, Ian eight-member CIP Steering Committee was appointed by the City Council. The City then asked for citizen vbiunteers to serve on seven CIP subcommittees based on project peeds submitted by City staff, in- cluding Finance, Public Safety, Parks and Recreation, Streets and Drainage, Water and Sewer, Libtary and Arts and Public Build- ings. The purpose of these subcqmmittees was to review capital project needs of the City for the text five years, consider bond funds needed for these projects ahd recommend projects to be un- dertaken through the use of votec approved bonds. The committee consisted of 177 ¢itizen volunteers who, with the assistance of City staff and consultants, devoted more than 2,000 manhours to the program, analyz;ng projects and cost data to en- sure present and future needs of Allen are adequately addressed in a cost-effective manner. On February 24, 1999, the indiviqual subcommittees completed their work and presented recommiendations to the full CIP com- mittee. The CIP Steering Commiitee then presented final recom- mendations to the City Council oo March 4. Further citizen input was gathered at a public hearing qonducted on March 16. The City Council made its final decision on'i the bond proposal on April 1 and set a bond election date of Juhe 12. Current estimates project the City's population to reach 67,000 by the year 2005. Now is the ideal time to prepaze the projects that will maintain or enhance our citizens' quality of life and address , the issue of a steadily growing population over the next five yeazs. Chairman Finance Subcommittee Chair Pazks and Recreation Chair Public Buildings Chair Public Safety Chair ' Streets and Drainage Chair ' Water and Sewer Chair Library and Arts Chair CITY STAFF ' City Manager Director of Community Development ring Committee Jim Wolfe Jim Waldbauer Robin Sedlacek Steve Matthews Dr. Jerry Wilson Dr. David Bishop Bryan Yost John Ross Peter H. Vargas Bill Petty Proposition List The following is a summary of the proposed CIP projects, ]isted im the same order they will appear on the election ballot. For more information, contact the City Manager's Office or the Community Development Department at (972) 727-0100 or E-mail to coa@cr. allen. tx. us. Proposition L• ' POLICE AND COURTS Cost: $3,600,000 The current Police and Municipal Court Building was constructed' with 1985 bond £unds and measures 16,500 sq. ft. Additional staff needed to deal with the level of growth within the city has over- ' crowded the facility. The proposed project wouid add a second story to the existing facility and a single-story wing on the south- em end of the facility. The new wing, which will total 5,200 sq. ft., will house the Mu- nicipal Court during the next five years. Eventually, the Municipal Court will have to move into another facility to accommodate the City's maximum population capacity, which would leave the new wing for further expansion of the Police Department. Proposition 2 FII2E FACILITIES AND EQUIPMENT Cost: $4,900,000 The rapid growth and development of the City of Allen has in- creased the need to construct and equip a fifth fire station and re- ]ocate the cunent Central Fire Station. The City cunently has planned six fire stations to provide adequate coverage and Continued on next page. response time to the growing population. Also, the Central Fire Station, byt in the 1960s, is located on a site that cannot support the addiqion of drive-through bays. This restriction creates a major hazard in pazking emergency vehicles and street congestion. The propqsed project would finance a new Central Fire Station that could pdssibly be built on four acres of City-owned property, west of the current Municipal Annex on Century Pazkway. Proposition 3 I STREETS Cost: $20,500,000 ' The approval of the proposed str@et program, coupled with devel- oper funds and federal and state a~ssistance, will enable the City of Allen to construct, expand, and extend major thoroughfazes throughout the City, and competd with the growth by addressing traffic congestion before the needl arises. Major thoroughfare im- provements planned include: • Construction of Bethany Drive east to FM 2551 and west to Alma Drive. ' • Extension of SH 5(Greenvi115 Avenue) to Stacy Road. • Extension of Exchange Parkway east. • Construction of Exchange Pa*way west of US 75 to its inter- section with SH 121. • Extension of Alma Drive north to SH 121. • Extension of FM 2551 from Main Street to Stacy Road • Extension of Stacy Road west, to SH 121. Priorities ofthese and other thorcughfare projects will be deter- mined as the need occurs, taking Into account development and traffic congestion. This program Oso allows for the reconstruc- tion and some replacement of strlets and alleys and maintenance. 5' Proposition 4 DRAINAGE Cost: $1,500,000 The proposed drainage program would ensure the City's capability of eliminating flooding and providing improvements to storm wa- ' ter drainage areas as well as reducing future maintenance and ero- sion. ' Proposition 5 PARKS AND RECREATION Cost: $22,000,000 A large portion of this program would be dedicated to land acqui-''. sition and development of active (athletic) and passive City parks. The benefits to acquiring the land now include avoiding higher, future purchase costs and keeping the land from being developed I for other purposes as the City continues to grow. The program ' would also include the construction of Phase 2 of the Allen StatioO Park and upgrades and development of City-owned neighborhood , parks. All future neighborhood parks will be financed through ' fees collected from developers through the City's Park Dedication Ordinance. Bond Total: ' A$52,SOQ000 bond election would impact all properties with an ' increase of less than 4 cents per $100 valuation. The net effect is that a$100,000 home would see a tax increase of $3830 per year,; or $3.19 per month. ' To determine the actual tax increase on your property, divide the appraised value by 100 and multiply that number by .0383. Then, divide that number by 12 to determine the monthly impact. , Sample Ballot r The following is a representatioln of how the propositions will ap- peaz on the election ballot. ' Proposition No. 1 The issuance of $3,600,000 gen~ral obligation bonds for police/ Municipal Court facilities. ' Proposition No. 2 The issuance of $4,900,000 genoral obligation bonds for fire- fighting facilities and equipment:', Proposition No. 3 ' The issuance of $20,500,000 geperal obligation bonds for street improvements. i Proposition No. 4 , The issuance of $1,500,000 genqral obligation bonds for drainage irnprovements. ' Proposition No. 5 The issuance of $22,000,000 ger~eral obligation bonds for park/ recreational improvements. 7 Voting Informatioh ~ ELECTION DAY: Saturday, June 12 , 7 a.m. - 7 p.m. Allen Public Library EARLY VOTING: May 26 - June 8 Monday through Friday 8 a.m. - 5 p.m. Allen Public Library EXTENDED VOTING: Thursday, June 3 8 a.m. - 7 p.m. Allen Public Library Saturday, June 5 10 a.m. - 4 p.m: Allen Public Library ELIGIBII.ITY: • 18 yeus of age • Resident of Allen at least 30 days prior to election • Valid voter registration certificate 8 Q&A 1. Why is a Capital Improvement 1}rogram and bond election needed at this time? A Capital Improvement Program is thO imp]ementation tool of the goa(s and objectives of the City's Comprehensive Plan. The City has had previous bond elections for capital projects in 1979, 1985, and 1994, as well as a single propositipn for a new City Hall in 1998. All funds for the current five-ye Capita] Improvement Program (1994-1999) will be expendeyby the end of 1999. 2. What type of projects have been~unded in the past? • City Municipal Annex property an building • Fire Stations #2, #3 and #4 , • Construction of McDermott Drive : • Construction of Main Street • Allen Public Library ' • Police/Municipal Court Building ' • Water Pump Station on Stacy Road'' • Bethany Lakes Park • Ford Puk, playground and pool • Allen Station Park, Phase I and acqujisition of land • Animal Shelter, 770 S. Allen Heightg Drive • Land for Suncreek Park • The construction of Exchange Parkway from SH 5 over Cen- tral Expressway (US 75) • Drainage system at Allenwood Drivei, and Keith Drive • Joe Farmer Recreation Center, 1201 E. Bethany Dr. • Construction of FM 2170 West, from US 75 to Custer Road 3. Why have more projects not been igciuded in this proposai? The Finance subcommittee of the 1999 Cpital Improvement Pro- gram was charged with reviewing histori al financial information, analyzing projections for residential and cbmmercial growth, and calculating how much revenue will be avaplable to finance new 9 ~ debt. They were asked to determine an amount that would fupd capital projects with no tax increase, an amount that would bd funded by a slight tax increase and an amount that would be ' funded by a larger tax increase. Demographic information, as well as projected new residentiaJ growth (67,000 by the year 2005), was provided by City staff~and reviewed and analyzed in conjunction with projections made by the North Texas Council of Governments. Information was p~o- vided by Allen Economic Development with relation to projeoted commercial and industrial growth. Priorities were established for projects based on the future population and the question as to', whether the project was considered to be a"Must Have," "Nded to Have," or "Nice to Have." 4. Will proposed City bond funds alune be enough to devOlop and maintain our streets? No. The dollar amount designated for the streets proposition rep- resents only the portion that the City of Allen will contribute tp the program. Other funding will come from the developers aiqd through requested matching funds from county, state and fedeial agencies. 5. Will this 6ond program increase taxes? I The City Council has reduced the tax rate by 18 cents over th@ past six years. Anticipated growth is expected to finance most of this program; however, a tax rate increase of less than 4 cents Imay be assessed incrementally over the five-year period. The table be- low lists the additional amount of taxes on your property. Property Value $100,000 $150,000 Monthlv Increase $3.19 $4.79 Yeady Increase $38.30 $57.45 Conllnued on next page. '10 6. Why is a library propositipn not included in this bond proposal? , Although library and arts was 4iven strong consideration by the CIP Subcommittee, the City C¢uncil deternuned that there was not enough information at this time to make a decision between expansion of the existing library and construction of a new library. In their detemvnation to spend',tax dollars wisely, the City Council removed that proposition from Ithe ballot for further study. The study will include future p$r capita space needs, pazking, serv- ice level needs, and a citizen sutvey which will address these fac- tors and determine if the one c~ntral library concept is still the de- sire of the community. This st~dy is scheduled to be completed in approximately six months. After the City Council has reviewed this information, this important assue will to be brought back to the citizens as a single proposition.' 7. How can I obtain more inf~rmation on the 1999 bond election? You may contact the City Man ger's Offce or the Community Development Department at (9~2) 727-0100 or E-mail to coar&i. allen. tx. us. ' J fi Y.: City of Saginaw SPECIAL BOND ELECTION EDIfiION 2000 Community Facilities gond Election Overview The City of Saginaw's August 12th Bond Election is the res4lt of many hours of research, deliberations and decisions made by the City Council, City'staff, consultants and citizen volqnteers. The propositions on the ballot are based on input received fkom our citizens at the Vision Meetings sponsored by the Chamber of Commerce, our citizen advisory boards, and numerous requests from the citizens we interact with on a daily basis. ' The City of Saginaw has done an excellent job of addressing tpe infrastructure needs of our growing city and can now focus on improvements in public safet~ and other quality of life issues. Saginaw continues to be one of the fastest growing cities in rl'arrant County. Our current population is estimated at 12,850 and is expected to grow to 19,000 in the next five years. Now is the ideal time to prepare the projects that will maintain or enharice the services our citizens will require and deserve over the next five years. , The following is a summary of the proposed community facility projects, listed in the same order they will appear on the election ballot. For more information, Contact the City Manager's Office or',the Community Development Department at (817) 232-4640 or e-mail us at www.ci.saginaw.tz. us. A Public Forum on the Bond Proposal, hosted my the Saginaw Area Chamber of Commerce, will be held on Monday, July 24th at 7 p.m. at Highland Middle School, 1001 E. Bailey-Boswell Rd. Mayor and City Council Ci I Staff Mayor Frankie Robbins City Manager ! Nan Stanford Mayor Pro-Tem Gary Brinkley AssL City Man./Fin. Dif; Dolph Johnson City Secretary Nelda Mays Councilmember David Flory Dir. Public Works/Comm. Dev. Bob Milter Councilmember Judy Bevill Interim Police Chief Mickey Wortham Councilmember Delbert Sedberry Fire Chief Bob Harvey Councilmember Gerry Davis Library Direcror Yvonne Flippo Councilmember Tim Dennis Recreation Director Jovce Snindor Printed ort Rec)•cled Pnper 2 Proposition 1 FIRE STATION NO. 2 AND EQUIPMENT Cost: $1,885,000 Schedule: 2001 The rapid growth and development in Saginaw has increased the qeed to construct and equip a second fire station. A second station wtll allow our Fire Departih►ent to continue to provide excellent service with quick response times to all areas of the City. The proposed station would 6e built on property the City already owns on Basswood Boulevard near Redding Drive. This Iocation will provide quicker access to the new schools, the indusbrial section, and the rapidly growing residential area. A new fire truck is needed to replace a fifaeen-year-old fire engine that would be placed in reserve. Six additional firefighters will be hired to staff the new station. Proposition 2 LIBRARY EXPANSION Cost: $1,020,000 Schedule: 2001 Use of the City Library has increased dramatically over the last few ypars. Each month the library has over 7,200 patron visits and circulates nearly 7,000 pieces df material. These numbers continue to grow as new families move into over 400 new homes being built in Saginaw each year. Voter approval of this proposition would allow us to double the size of the existing building, renovate the existing space and provide room for computer work areas, reading areas, an expanded children's area, a multi-purpose room for programs and much needed shelf space. 3 , I ;a Proposed Recreation Center I ~-7,~u„y,.,,, Saginaw, Texas ~ ~ 4 - - , - - , ~ ti i ~ I R( 4\ a4~C- ~rs ~am we °`'j Krn ta ~ . Praposed Recreaticpn Center 7PSA1 ;;7 Saginaw, Texas ' Proposition 3 RECREATION CENTER Cost: $4,845,000 Schedule: 2002 The proposed facility would provide new recreation opportunities for our families and citizens of all ages. The project would include a multi-purpose gymnasium, multi-use rooms for dance, aerobics, arts and crafts, etc., a workout area, racquetball count and a stage area for programs and recitals. The building would be constructed on property the City already owns in the 600 block of W. McLeroy (across from Diamond). 4 to1 Proposed Poiice Station PSA a, up». 3aginaw, Texss ~ > ¢ E N L 7 O ~ v, N ~ ~ r a s+aua.. Proposition 4 NEW POLICE COMPLEX Cost: $3,460,000 Schedule: 2003 i ,raoem,r.uucrr - YIkCY Saginaw Blvd. Palice aw. TexaS PS,1 The building the police department currently occupies was constructed in 1966 and is severely overcrowded. The proposed project would provide a 15,000 sq. ft. facility for more office and storage space, eight to ten holding cells, improved records storage and secure areas for the handling and transfer of prisoners. The building would be constructed on the Kiwanis Park location adjacent to the existing police station on Saginaw Blvd. for easy access. .vrrfrr!*+^^ Proposition 5 FIRE STATION NO. 1/ POLICE BUILDING REHABILITATION Cost $200,000 Schedule: 2003 If the new police complex is approved and constivcted, there, will have to Ue some modifications made to the existing structure. The oldest portion of lhe buil$ing would be demolished to create parking space for the Gre and police departments. The remainder of the building would be renovated to provide Fire Station No. 1 additional spacc for expansion. Proposition 6 13ALL rlrLll COMPLI?X cozr: $1,870,000 sdieauie: aooa 3k ~ • 'r 4; ~ ► As the Cily continucs to grow, so do our nceds for recreational facilities. Saginaw cw•rently has only one ball field. Approval of lhis proposition ivould allow us to purchase property and construct x new 1'om•-plex ball field with a central concessiorl/restroom area, lighting, irrigation, spectator stands, walkways, and parking. Land availability and cost would determine the location of the new complex. Proposition 7 MUNICIPAL SWIMMING POOL Cost: $1,215,000 Schedule: 2004 There have been numerous requests for a city swimming ponl. If approved, the pool would be constructed on the same site as the proposed recreation center in the 600 block of W. McLeroy. Summarv The proposed bond program will address the public safety, reCreational and library service needs ofour growing community for many years. The projects are scheduled for completion over a five- year time frame. Distributing the projects and expenditures in such a manner helps to ease the tax burden by allowingprojected growth to provide additional revenue sources. The potential tax increases shown in the following charts are based on the current appraised valuations and a conservative growth rate of 8.5% (this year's ap~ raisal increased approximately 21%.) If the City continues to grow at the rate we have been experiencing, the tax increases could be considerably less than those shown. ~ 6 COST TO REPAY THE BONDS WILL BE GRADUATED TAX INCREASES BASED ON A FOUR YEAR PLAN 1ST YEAR 2ND YEAR 3RD YEAR 4TH YEAR ~ ($0.00 Increase) ($0.05671ncrease) (AddNional $0.0429 Increase (Additional $0.01591ncrease Net Proposed Tax Average Property Taz Rate Increase Monthly Value Inerease PerYear Increase $ 25,000 $ - $ 50,000 - 75,000 - 100,000 - 125,000 - 150,000 - Proposed Tau Average I Proposed Tax Rate Increase MoMhly Tax Rate $ - $ 0.0567 $ 14.18 $ 1.18 $ 0.0960 $ - 0.0567 28.35 2.36 0.0960 - 0.0567 42.53 3.54 0.0960 - 0.0567 56.70 4.73 0.0960 - 0.0567 70.88 5.91 0.0960 - 0.0567 85.05 7.09 0.0960 Tax Average Proposed Tax Average :rea4!e Monthly Tau Rate Increase Monthly vYedr Increase Increase PerYear Increase 24.00 $ 2.00 1 $ 0.1155 $ 28.88 $ 2.41 48.00 4.00 0.1155 57.75 4.81 72.00 6.00 0.1155 86.63 722 96.b0 8.00 0.1155 115.50 9.63 120.00 70.00 0.1155 144.38 12.03 144.00 12.00 0.1155 173.25 14.44 TOTAL BOND PROGRAM PROPOSITIONS ANp EXPENDITURES Requiretl Percentape Equivalent Averege Additional Total of Required Requiretl Cost Per Annual CapRal Improvement Project Projected Tax Tax RatR Year Atter M80 Cost and Proposftion Number Cast Increace Increase Faurth Year• (7ax Rate)° ~ 1. Fire Station #2 S 1,885,000 13.00% $ 0.01502 $ 11.04 (1.5¢) $ 37.48 (5.1¢) 2. Library Ezpansion 1,020,000 7.04% 0.00813 5.97 (0.8¢) 7.35 (1.0¢) 3. Recreffilon Cenler 4,845,000 33.43% 0.03861 . 28.37 (3.9¢) 27.93 (3.8¢) 4. Police Compiex 3,460,000 23.87% 0.02787 2028 (2.7¢) 4.41 (0.6¢) 5. Fira Station #1 / Police Renovation 200,000 1.38% 0.00159 1.17 (0.1¢) - (0.0¢) 6. Ball Field Land and Complex 1,870,000 12.90% 0.01490 10.95 (7.5¢) 13.23 (1.8¢) 7. Cily Pool 1,215,000 8.38% 0. 8 7.12 (1.06) 1176 (1.6¢) Total ot AlI Propositiona $14,495,000 100.00% $ 0.11550 $ 84.89 (11.5¢) $102.16 (13.9¢) ' Based upon TeneMApprafsel DishrcYs everage Seginaw ResideMiel Home Velue o/$73,495 " MBO (Maintenance and Oparation) increase includas addltional personnN, uNlilles, fnsuronce'.and supplies. NOTE: Required tax increase /or bond rapaymant k besed ar a 115% yrowtb iacfor fn property veh%aNons, which is substentieltylower than fhe ecfual increase oi 21% /or this past year. SAMPLE BALLOT The following is a representation of how the propositions will appear on the election ballot. You can vote "FOR" or "AGAINST" eaCh proposition. 0 FOR Proposition No. 1 ❑ AGAINST The issuance of $1,885,000 of Fire Station No. 2 and Equipment Tax Bonds. ❑ FOR Proposition No. 2 ❑ AGAINST The issuance of $1,020,000 of Municipal Library Improvement Tax Bonds. 7 ❑ FOR Proposition No. 3 ❑ AGAINST The issuance of $4,845,000 of Municipal Recreation Center Tax Bonds. ❑ FOR Proposition No. 4 ❑ AGAINST The issuance of $3,460,000 of Poilice Complex Tax Bonds. ❑ FOR Proposition No. 5 ❑ AGAINST The issuance of $200,000 of Fire 5tation No. 1 Improvement Tax Bonds. ❑ FOR Proposition No. 6 ❑ AGAINST The issuance of $1,870,000 of Municipal Balifield Complex Tax Bonds. ❑ FOR Proposition No. 7 ❑ AGAINST The issuance of $1,215,000 of Mwnicipal Pool Tax Bonds. VOTING INFORMATION Election Dav: Saturday, August 12 7 a.m. - 7 p.m. Saginaw City Hall 333 W. McLeroy Blvd. Earlv VotinQ: July 26 - August 8 Monday through Friday 8 a.m. - 5 p.m. Saginaw City Hall Eli 'bgiility: - Eighteen years of age - Resident of Saginaw at least 30 days prior to election and - Registered voter Proposition 1 Fire Station No. 2 and Equipment cosc: $1,885,000 Schedule: 2001 Proposition 2 Library Expansion Cost: $1,020,000 Schedule: 2001 Proposition 3 Recreation Center Cost: $4,845,000 Schedule: 2002 VOTE City of Saginaw Community Facilities Bond Election Saturday, August 12, 2000 Proposition 4 THE SAGINAW CITY COUNCIL WANTS EVERYONE TO New Police Complex BE WELL INFORMED ABOt1T THE ELECTION. THERE Cost: $3,460,000 ARE PROJECT DESIGN ANp INFORMATION BOARDS Schedule:2003 ON DISPLAY AT CITY HA4L FOR YOUR REVIEW. IF YOU HAVE FURTHER QUESfiIONS CONCERNING THIS Proposition 5 IMPORTANT DECISION, PLgASE CONTACTCITY HALL. Fire Station No. 1/Police Building Rehabilitation Cost $200,000 Schedule: 2003 Proposition 6 Ball Field Complex Cost: $1,870,000 Schedule: 2004 Proposition 7 Municipal Swimming Pool Cost: $1,215,000 Schedule: 2004 ter is a publication for the City of Saginaw. Published quarterly, it is mailed to all City water bill customers. ReportedEditor Joan Kurkowski-Gillen Send correspondence to: Newsletter P.O. BOX 79070 Saginaw, Texas 76179 City Hall, Library, Municipal Court, Water & Sewer Billing, Non-Emergency Police/Fire 232-4640 CommuniCy Center- 232-0231 Senior Citiz¢ns Center- 232-0866 Public Works, Streets, Parks, Water & Sewer, Commu- nity Development, Animal Control, Permits-232-4640 City of Saaw 333 W. McLeginroy P.O. Box 79070 Saginaw, TX 76179 I3ulk Rate U.S. Postage PAID Fort Worth, TX