HomeMy WebLinkAbout05/18/2022 - Special Minutes - City CouncilSPM051822 Minutes Page 1
MINUTES OF THE CITY COUNCIL SPECIAL MEETING
IN-PERSON WITH TELECONFERENCE PARTICIPATION
CITY OF COLLEGE STATION
MAY 18, 2022
STATE OF TEXAS §
§
COUNTY OF BRAZOS §
Present:
Karl Mooney, Mayor
Council:
Bob Brick
John Crompton
Linda Harvell
Elizabeth Cunha
John Nichols
Dennis Maloney
City Staff:
Jeff Capps, Deputy City Manager
Jeff Kersten, Assistant City Manager
Carla Robinson, City Attorney
Mary Ann Powel, Deputy City Attorney
Tanya Smith, City Secretary
Ian Whittenton, Deputy City Secretary
1. Call to Order and Announce a Quorum is Present.
With a quorum present, the Special Meeting of the College Station City Council was called to order by Mayor
Mooney via In-Person and Teleconference at 4:00 p.m. on Wednesday, May 18, 2022, in the Council Chambers
of the City of College Station City Hall, 1101 Texas Avenue, College Station, Texas 77840.
2. Pledge of Allegiance, Invocation, and Consider Absence Request.
3. SPECIAL MEETING
3.1 Presentation, discussion, and possible action to approve a resolution by the City Council of the City of
College Station, Texas, directing publication of notice of intention to issue certificates of obligation, series
2022; and providing an effective date.
Michael Dehaven, Assistant Finance Director, stated that the City’s Financial Advisor and Bond Counsel
recommend that the City issue Certificate of Obligations for utility projects instead of Utility Revenue Bonds
(URBs); the pledge of the City’s ad valorem tax base is a stronger credit than utility revenues and thus lowers the
cost of borrowing. This has been the practice of the city since 2008. The Utility systems will cover their associated
portion of debt service through utility revenues. This item is to consider the passage of a resolution authorizing
the issuance of one or more series of interest bearing certificates of obligation (the “Certificates”) in the principal
amount not to exceed $78,000,000 for paying all or a portion of the City's contractual obligations to be incurred
in connection with constructing, improving, acquiring and equipping the following projects: (i) streets and roads
including related drainage, landscaping, signalization, lighting, pedestrian improvements and signage related
thereto; (ii) designing, constructing, equipping and installing parks and recreation equipment and park
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improvements for Texas Independence Ballpark at Midtown; (iii) information technology and communication
equipment; (iv) facilities and equipment maintenance facility relocation and improvements; (v) improvements
and extensions to the City's combined waterworks, sewer and electric systems including distribution,
transmission, system lines, lift stations, pumps, storage tanks, metering, wells, plant improvements, and
acquisition of interests in land for such purposes; and (vi) the payment of fiscal, engineering and legal fees
incurred in connection therewith.
MOTION: Upon a motion made by Councilmember Nichols and a second by Mayor Mooney, the City Council
voted six (6) for and one (1) opposed, with Councilmember Cunha voting against, to approve Resolution No. 05-
18-22-3.1, directing publication of notice of intention to issue certificates of obligation, series 2022; and providing
an effective date. The motion carried.
3.2 Presentation, discussion, and possible action regarding Ordinance No. 2022-4354 consenting to and
extending the Mayor's renewal of a disaster declaration due to a public health emergency.
Jeff Capps, Deputy City Manager, stated that on May 13, 2022, the Mayor of College Station issued a
proclamation pursuant to §418.014 of the Texas Government Code renewing the state of disaster proclaimed by
the Mayor on March 17, 2020, April 21, 2020, May 22, 2020, June 22, 2020, July 22, 2020, August 21, 2020,
September 21, 2020, October 20, 2020, November 20, 2020, December 7, 2020, January 8, 2021, February 8,
2021, March 8, 2021, April 6, 2021, May 7, 2021, June 7, 2021, July 2, 2021, August 6, 2021, September 6, 2021,
October 7, 2021, November 8, 2021, December 6, 2021, January 7, 2022, February 7, 2022, March 7, 2022 and
April 8, 2022. The conditions necessitating the declaration of a state of disaster and mayoral orders continue to
exist. The Council needs to consent to and approve the Mayor's Disaster Declaration renewal.
MOTION: Upon a motion made by Councilmember Maloney and a second by Councilmember Brick, the City
Council voted seven (7) for and none (0) opposed, to adopt Ordinance No. 2022-4354, consenting to and
extending the Mayor's renewal of a disaster declaration due to a public health emergency. The motion carried
unanimously.
Presentation, discussion, and possible action on a potential November Bond Election including projects,
public meetings, and bond capacity.
Jeff Kersten, Assistant City Manager, provided an overview of the potential November Bond Election including
projects, public meetings, and bond capacity.
Financial Position
Paying for Capital Projects
Forecast Capacity
Debt Outstanding
Paying for Capital Projects
General Obligation Bonds
Voter Authorized
Supported by property tax
Certificates of Obligation
Supported by property tax, or utility rates
Grants
Operating Funds
General Fund
Utility Funds
Hotel Tax Fund
Other
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Parkland Dedication
Impact Fees
Investment Earnings
Forecast Capacity
5 Year financial forecast
Property Values
Interest Rates
Debt Structure
Current estimated future capacity
$75-$100 million over 5 years
Existing tax rate
1 cent = approximately $18-$20 million in capacity
Debt Position
$119,365,000 General Obligation Bonds
$272,800,000 Certificates of Obligation
$392,165,000 Total
$194,821,200 supported by tax rate
$197,343,800 supported by utility rates
$392,165,000 Total
Each Departmental Director provided an overview of their potential project.
CBAC Project Rankings:
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Jennifer Prochaska, Assistant City Manager, wrapped the discussion up by providing information on the public
meetings coming up for the citizen’s input.
3. Adjournment.
There being no further business, Mayor Mooney adjourned the Special Meeting of the City Council at 6:37 p.m.
on Wednesday, May 18, 2022.
________________________
Karl Mooney, Mayor
ATTEST:
___________________________
Tanya Smith, City Secretary