HomeMy WebLinkAboutNotice of Bond Election - EnglishAN ORDINANCE CALLING A BOND ELECTION AND NOTICE OF ELECTION TO BE
HELD ON NOVEMBER 8, 2022
THE STATE OF TEXAS
BRAZOS COUNTY
CITY OF COLLEGE STATION
WHEREAS, the City Council (the "Council") of the City of College Station, Texas (the "City")
deems it advisable to call the bond election hereinafter ordered (the "Election"); and
WHEREAS, the bond referendum is held in accordance with the provisions of Chapter 1251, Texas
Government Code, and various provisions of the Texas Election Code (the "Code"), including Section
42.002 of the Code, and the City is contracting with Brazos County, Texas (the "County") for the
administration of the Election pursuant to an interlocal agreement with the County (the "Election
Contract"); and
WHEREAS, the County, acting through the Brazos County Elections Administrator (the "Elections
Administrator") in accordance with the Election Contract, will provide for the administration of the Election
for residents of the City; and
WHEREAS, it is hereby officially found and determined that the meeting at which this Ordinance
was adopted was open to the public, and public notice of the time, place and purpose of the meeting was
given, all as required by Chapter 551, Texas Government Code;
THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF COLLEGE
STATION:
Section 1. The statements contained in the preamble of this Ordinance are true and correct and
adopted as findings of fact and operative provisions hereof.
Section 2. Election Ordered; Polling Places. The Election shall be held in the City between the
hours of 7:00 a.m. and 7:00 p.m. on November 8, 2022 ("Election Day"). The Election is to be conducted
with, and administered by, Brazos County, as provided by Chapter 271 of the Texas Election Code (the
"Code"), and the Election Contract. Voting for the Election on Election Day and Early Voting shall occur
on the dates and during the hours and at the designated polling places as set forth in Exhibit "A" attached
hereto, which exhibit is hereby made a part hereof for all intents and purposes. Exhibit "A" shall be
modified to include additional or different Election Day polling places required to conform to the Election
Contract and the Code.
Section 3. Early Voting. Early voting shall be administered by Brazos County. Early Voting by
personal appearance shall begin on October 24, 2022 and conclude on November 4, 2022, and will be
conducted at the Early Voting locations on the dates and at the times specified in Exhibit "A" attached
hereto. The early voting polling places shall remain open during such hours for early voting by personal
appearance for any registered voter of the City at such voting place. Exhibit "A" shall be modified to
include additional or different early voting polling places required to conform to the Election Contract and
the Code.
Section 4. Election Officials. The appointment of the Presiding Election Judges, Alternate Judges,
Early Voting Clerks, the Presiding Judge of the early ballot board and other election officials for the
Election shall be made by the Elections Administrator in accordance with the Election Contract and the
Code. The Elections Administrator may employ other personnel necessary for the proper administration of
the Election, including such part-time help as is necessary to prepare for the Election, to ensure the timely
delivery of supplies during early voting and on Election Day, and for the efficient tabulation of ballots at
the central counting station.
Section 5. Voting by Mail. Applications for voting by mail for all residents of the City shall
submitted by personal delivery or shall be mailed to the address below prior to the deadline prescribed by
law:
Postal Mail and
Commercial Carrier or
Personal Delivery
Brazos County Elections
Administration Office
300 East WM J Bryan Pkwy
Suite 100
Bryan, TX 77803
Telephone (979) 361-5770
Fax (979) 361-5779
Email BrazosVotes@brazoscountytx.gov
Section 6. Early Voting Ballots. An Early Voting Ballot Board shall be created to process early
voting results of the Election, and the Presiding Judge of the Early Voting Ballot Board shall be designated
by the Elections Administrator. The Presiding Judge of the Early Voting Ballot Board shall appoint two or
more additional members to constitute the Early Voting Ballot Board members and, if needed, the Signature
Verification Committee members required to efficiently process the early voting ballots.
Section 7. Qualified Voters. All qualified electors of and residing in the City, shall be entitled to
vote at the Election.
Section 8. Propositions. At the Election the following PROPOSITIONS shall be submitted in
accordance with law:
CITY OF COLLEGE STATION SPECIAL ELECTION
CITY OF COLLEGE STATION PROPOSITION A
Shall the City Council of the City of College Station, Texas, be authorized to issue and sell
bonds in the aggregate principal amount of $18,000,000 for the public purpose of
constructing, designing, improving and equipping a new fire station and acquisition of fire
trucks and public safety equipment, and the acquisition of land and interest in land for such
projects, with the bonds to be issued in one or more series, to mature serially or otherwise
not to exceed 25 years from their date, and bear interest at such rate or rates, not to exceed
the limits prescribed by law at the time of issuance, and to be sold at such prices or rates,
as the City Council in its discretion shall determine; and shall there be levied and pledged,
assessed and collected annually ad valorem taxes on all taxable property in said City in an
amount sufficient to pay the annual interest on said bonds and provide a sinking fund to
pay said bonds at maturity?
CITY OF COLLEGE STATION SPECIAL ELECTION
CITY OF COLLEGE STATION PROPOSITION B
Shall the City Council of the City of College Station, Texas, be authorized to issue and sell
bonds in the aggregate principal amount of $16,100,000 for the public purpose of
constructing, designing, improving, extending and expanding transportation and mobility
infrastructure consisting of the following: Rock Prairie Road East corridor from Town
Lake Drive to William D Fitch Parkway, including related utility relocation, drainage,
traffic signals and control, lighting, sidewalks, bike lanes and landscaping, the purchase of
any necessary land and right-of-way in connection with these projects, with the bonds to
be issued in one or more series, to mature serially or otherwise not to exceed 25 years from
their date, and bear interest at such rate or rates, not to exceed the limits prescribed by law
at the time of issuance, and to be sold at such prices or rates, as the City Council in its
discretion shall determine; and shall there be levied and pledged, assessed and collected
annually ad valorem taxes on all taxable property in said City in an amount sufficient to
pay the annual interest on said bonds and provide a sinking fund to pay said bonds at
maturity?
CITY OF COLLEGE STATION SPECIAL ELECTION
CITY OF COLLEGE STATION PROPOSITION C
Shall the City Council of the City of College Station, Texas, be authorized to issue and sell
bonds in the aggregate principal amount of $30,400,000 for the public purpose of
constructing, designing, improving and equipping parks and recreational facilities
consisting of the following: natural and synthetic turf field improvements at Veterans Park;
new playing fields, restrooms, concessions and seating, drainage, parking, lighting,
sidewalks and trails at Texas Independence Ballpark, with the bonds to be issued in one or
more series, to mature serially or otherwise not to exceed 25 years from their date, and bear
interest at such rate or rates, not to exceed the limits prescribed by law at the time of
issuance, and to be sold at such prices or rates, as the City Council in its discretion shall
determine; and shall there be levied and pledged, assessed and collected annually ad
valorem taxes on all taxable property in said City in an amount sufficient to pay the annual
interest on said bonds and provide a sinking fund to pay said bonds at maturity?
CITY OF COLLEGE STATION SPECIAL ELECTION
CITY OF COLLEGE STATION PROPOSITION D
Shall the City Council of the City of College Station, Texas, be authorized to issue and sell
bonds in the aggregate principal amount of $22,000,000 for the public purpose of
constructing, designing, improving and equipping parks and recreational facilities
consisting of the following: demolition and reconstruction of restrooms, concession and
storage space for the Bachmann Little League Building and Senior League/Soccer
Building; pickleball and futsal courts at Anderson Park including lighting, parking and
restrooms; demolition and reconstruction of the Central Park Operations Shop facility;
pavilions, lighting, shade areas, irrigation, sidewalks, pathways, playgrounds/recreational
areas, historical markers and signage at Mabel Clare Thomas Park; tennis courts, lighting
and fencing at Bee Creek and Central Parks; restrooms, sidewalks and pathways at Lincoln
Center/W.A. Tarrow Park, with the bonds to be issued in one or more series, to mature
serially or otherwise not to exceed 25 years from their date, and bear interest at such rate
or rates, not to exceed the limits prescribed by law at the time of issuance, and to be sold
at such prices or rates, as the City Council in its discretion shall determine; and shall there
be levied and pledged, assessed and collected annually ad valorem taxes on all taxable
property in said City in an amount sufficient to pay the annual interest on said bonds and
provide a sinking fund to pay said bonds at maturity?
CITY OF COLLEGE STATION SPECIAL ELECTION
CITY OF COLLEGE STATION PROPOSITION E
Shall the City Council of the City of College Station, Texas, be authorized to issue and sell
bonds in the aggregate principal amount of $3,900,000 for the public purpose of
constructing, designing and equipping a swimming pool including related water features,
splash pad and restrooms at Mabel Clare Thomas Park, with the bonds to be issued in one
or more series, to mature serially or otherwise not to exceed 25 years from their date, and
bear interest at such rate or rates, not to exceed the limits prescribed by law at the time of
issuance, and to be sold at such prices or rates, as the City Council in its discretion shall
determine; and shall there be levied and pledged, assessed and collected annually ad
valorem taxes on all taxable property in said City in an amount sufficient to pay the annual
interest on said bonds and provide a sinking fund to pay said bonds at maturity?
Section 9. Ballots. The official ballots for the Election shall be prepared in accordance with the
Texas Election Code to permit voters to vote "FOR" or "AGAINST" the aforesaid PROPOSITIONS with
the ballots to contain such provisions, markings and language as required by law, and with such
PROPOSITIONS to be expressed substantially as follows:
CITY OF COLLEGE STATION SPECIAL ELECTION
CITY OF COLLEGE STATION PROPOSITION A
FOR ______
AGAINST ______
)
)
)
)
)
)
THE ISSUANCE OF $18,000,000 IN BONDS FOR A NEW FIRE STATION
AND EQUIPMENT AND LEVYING A TAX SUFFICIENT TO PAY THE
PRINCIPAL OF AND INTEREST ON THE BONDS
CITY OF COLLEGE STATION SPECIAL ELECTION
CITY OF COLLEGE STATION PROPOSITION B
FOR ______
AGAINST ______
)
)
)
)
)
)
THE ISSUANCE OF $16,100,000 IN BONDS FOR TRANSPORTATION
AND MOBILITY INFRASTRUCTURE AND LEVYING A TAX
SUFFICIENT TO PAY THE PRINCIPAL OF AND INTEREST ON THE
BONDS
CITY OF COLLEGE STATION SPECIAL ELECTION
CITY OF COLLEGE STATION PROPOSITION C
FOR ______
AGAINST ______
)
)
)
)
)
)
THE ISSUANCE OF $30,400,000 IN BONDS FOR IMPROVEMENTS AT
VETERANS PARK AND TEXAS INDEPENDENCE BALLPARK AND
LEVYING A TAX SUFFICIENT TO PAY THE PRINCIPAL OF AND
INTEREST ON THE BONDS
CITY OF COLLEGE STATION SPECIAL ELECTION
CITY OF COLLEGE STATION PROPOSITION D
FOR ______
AGAINST ______
)
)
)
)
)
)
THE ISSUANCE OF $22,000,000 IN BONDS FOR PARKS AND
RECREATIONAL FACILITIES AND LEVYING A TAX SUFFICIENT TO
PAY THE PRINCIPAL OF AND INTEREST ON THE BONDS
CITY OF COLLEGE STATION SPECIAL ELECTION
CITY OF COLLEGE STATION PROPOSITION E
FOR ______
AGAINST ______
)
)
)
)
)
)
THE ISSUANCE OF $3,900,000 IN BONDS FOR A NEW SWIMMING
POOL AT MABEL CLARE THOMAS PARK AND LEVYING A TAX
SUFFICIENT TO PAY THE PRINCIPAL OF AND INTEREST ON THE
BONDS
Section 10. Compliance with Federal Law. In all respects, the Election shall be conducted in
accordance with the Code. Pursuant to the federal Help America Vote Act ("HAVA") and the Code, at each
polling place there shall be at least one voting system that is equipped for disabled individuals, and each
such voting system shall be a system that has been certified by the Texas Secretary of State as compliant
with HAVA and the Code. The City hereby finds that the voting system to be used by the Elections
Administrator in administering the Election is such a system, and orders that such voting equipment or
other equipment certified by the Texas Secretary of State shall be used by the City in its elections.
Section 11. The City Council hereby authorizes the Mayor, Mayor Pro Tem, City Secretary or the
City Manager of the City to execute or attest on behalf of the City the Election Contract with the County.
Section 12. The following information is provided in accordance with the provisions of Section
3.009(b), Texas Election Code.
(a) The proposition language that will appear on the ballot is set forth in Section 9 hereof.
(b) The purpose for which the bonds are to be authorized is set forth in Section 8 hereof.
(c) The principal amount of the debt obligations to be authorized is $18,000,000 for
Proposition A; $16,100,000 for Proposition B; $30,400,000 for Proposition C; $22,000,000 for
Proposition D and $3,900,000 for Proposition E.
(d) If the bonds are approved by the voters, the City Council will be authorized to levy annual
ad valorem taxes, on all taxable property in the City, sufficient, within the legal limit prescribed by law, to
pay the principal of and interest on the bonds and the cost of any credit agreements executed in connection
with the bonds.
(e) Based upon the bond market conditions at the date of adoption of this Ordinance, the
maximum interest rate for any series of the bonds is estimated to be 5.00%. Such estimate takes into account
a number of factors, including the issuance schedule, maturity schedule and the expected bond ratings of
the proposed bonds. Such estimated maximum interest rate is provided as a matter of information, but is
not a limitation on the interest rate at which the bonds or notes, or any series thereof, may be sold.
(f) If the bonds are approved, they may be issued in one or more series, to mature serially,
over a period not to exceed twenty-five years from the date of issuance of each series of bonds.
(g) The aggregate amount of the outstanding principal of the City’s debt obligations as of the
date of this Ordinance is $432,070,000.
(h) The aggregate amount of the outstanding interest of the City’s debt obligations as of the date of
this Ordinance is $132,804,458.
(i) The ad valorem debt service tax rate for the City as of the date of this Ordinance is $.2164
per $100 of taxable assessed valuation.
(j) The website for the City, the authority ordering the Election, is https://www.cstx.gov and
the website for Brazos County, the entity administering election duties, is https://www.brazoscountytx.gov.
Section 13. Effective Date. This Ordinance shall be in full force and effect from and after its
passage, and it is so ordained.
EXHIBIT A
Early Voting Location Dates and Times
BRAZOS COUNTY EARLY VOTING
(VOTACION ADELANTADA DEL CONDADO DE BRAZOS)
October 24th – 28th (Monday – Friday) 7:00am – 7:00pm
October 29th (Saturday) 7:00am – 7:00pm
October 30th (Sunday) 10:00am – 4:00pm
October 31st – November 4th (Monday – Friday) 7:00am – 7:00pm
24 de octubre – 28 de octubre (lunes – viernes) 7:00 am – 7:00 pm
29 de octubre (sabado) 7:00am – 7:00pm
30 de octubre (domingo) 10:00am – 4:00pm
31 de octubre – 4 de noviembre (lunes – viernes ) 7:00am – 7:00pm
Brazos County Election Administrator Office (McLeod Training Rm) –300 East Wm. J. Bryan Pkwy,
Suite 100, Bryan, Texas
Arena Hall – 2906 Tabor Road, Bryan, Texas
Galilee Baptist Church – 804 N. Logan, Bryan, Texas
College Station Utilities Meeting & Training Facility – 1603 Graham Road, College Station, Texas
College Station City Hall – 1101 Texas Avenue, College Station, Texas
Election Day Voting Location and Hours
November 8, 2022
Polls open from 7:00 am to 7:00 pm
1. Millican Community Center; 22284 Pierce Street. Millican, Tx
2. College Station Meeting and Training Facility 1603 Graham Road. College Station
3. Galilee Baptist Church; 804 N. Logan. Bryan, Tx 8447
4. Zion Church of Kurten; 977 N. FM 2038. Kurten, Tx
5. Parkway Baptist Church; 1501 Southwest Pkwy. College Station, Tx
6. College Heights Assembly of God; 4100 Old College Rd. Bryan, Tx
7. First Baptist Church – Bryan; 3100 Cambridge Drive. Bryan, Tx
8. Beacon Baptist Church; 2001 East Villa Maria Road. Bryan, Tx
9. Bryan Ballroom; 701 Palasota Dr. Bryan, Tx
10. Brazos County Election Admin. Office; Ruth McLeod Training Room; 300 East Wm. J. Bryan Pkwy,
Suite 100. Bryan, Tx
11. Memorial Student Center-RM 2406 (2nd floor); Texas A&M Campus. College Station, Tx
12. New Zion Missionary Baptist Church; 1505 Dansby Street. Bryan, Tx 77803
13. Texas A&M College of Medicine; 8447 Riverside Parkway. Bryan, Tx
14. Lincoln Center; 1000 Eleanor. College Station, Tx
15. College Station City Hall (Bush 4141 cmty.rm); 1101 Texas Avenue. College Station, Tx
16. College Station ISD Admin. Bldg; 1812 Welsh. College Station, Tx
17. Fellowship Freewill Baptist Church; 1228 W. Villa Maria Road. Bryan, Tx
18. Castle Heights Baptist Church; 4504 E. Hwy 21. Bryan, Tx
19. St. Francis Episcopal Church; 1101 Rock Prairie Road. College Station, Tx
20. A&M Church of Christ; 2475 Earl Rudder Freeway. College Station. Tx
21. CLOSED
22. Arena Hall; 2906 Tabor Rd . Bryan, Tx
23. Brazos Center; 3232 Briarcrest Drive. Bryan, Tx
24. Wellborn Baptist Church; 14575 FM 2154 Rd. College Station, Tx
25. Living Hope Baptist Church; 4170 State Highway 6 south. College Station, Tx
26. Church Of The Nazarene; 2122 E. William J Bryan Pkwy. Bryan, Tx
Voter Information Document – City of College Station Special Election
Proposition A
The following information is prepared to comply with Tex. H.B. 477 86th Leg., R.S. (2019) and is for
illustration purposes only. The information is not a part of the proposition to be voted on and does not create
a contract with the voters.
At the Election, the following language will appear on the ballot:
CITY OF COLLEGE STATION SPECIAL ELECTION
CITY OF COLLEGE STATION PROPOSITION A
FOR ______
AGAINST ______
)
)
)
)
)
)
THE ISSUANCE OF $18,000,000 IN BONDS FOR A NEW FIRE STATION
AND EQUIPMENT AND LEVYING A TAX SUFFICIENT TO PAY THE
PRINCIPAL OF AND INTEREST ON THE BONDS
The following table sets forth the estimated principal amount of, and interest due to maturity on, the bonds
to be issued if Proposition A passes, and all outstanding obligations of the City secured by and payable
from ad valorem taxes.
Principal
Amount of
Bonds to be
authorized
Estimated
interest for
Bonds to be
authorized (1)
Estimated
combined
principal and
interest required
to pay on time and
in full the Bonds
to be authorized (1)
Principal of
City’s Existing
Outstanding
Debt
(as of 8/17/22)
Remaining
interest on
City’s Existing
Outstanding
Debt
(as of 8/17/22)
Combined
Principal and
Interest to timely
pay City’s
Outstanding
Debt
(as of 8/17/22)
$18,000,000 $11,050,250 $29,050,250 $432,070,000 $132,804,458 $564,874,458
(1) The interest on the proposed bonds was estimated at a rate of 5.00% based on market conditions as
of August 17, 2022, and therefore, the interest payable on the proposed bonds may be less than, or
more than, the amounts set forth above based on market conditions at the time of sale of the
proposed bonds.
The Proposition intends to issue the bonds authorized over a period of years in a manner in accordance with
a schedule to be determined by the City Council based upon a number of factors, including, but not limited
to, the then current needs of the City, demographic changes, prevailing market conditions, assessed
valuations of property in the City and management of the City’s short-term and long-term interest rate
exposure. The bonds are expected to be issued in multiple years whereby there is no expected impact
above the current tax rate. However, in order to illustrate the possible maximum tax rate impact, the City
has assumed the bonds would be issued in one Series. Based on the information and assumptions provided
in the table above, the estimated maximum annual increase in the amount of taxes that would be imposed
on a residence homestead in the City with a taxable appraised value of $100,000 to repay the proposed
bonds, if approved, is $.0070. This estimate takes into consideration the City’s assessed growth valuation
of 13.32% for tax year 2023, and assumes annual growth of the City’s taxable assessed valuation between
2.5% and 7.5% for each year thereafter.
Voter Information Document – City of College Station Special Election
Proposition B
The following information is prepared to comply with Tex. H.B. 477 86th Leg., R.S. (2019) and is for
illustration purposes only. The information is not a part of the proposition to be voted on and does not create
a contract with the voters.
At the Election, the following language will appear on the ballot:
CITY OF COLLEGE STATION SPECIAL ELECTION
CITY OF COLLEGE STATION PROPOSITION B
FOR ______
AGAINST ______
)
)
)
)
)
)
THE ISSUANCE OF $16,100,000 IN BONDS FOR TRANSPORTATION
AND MOBILITY INFRASTRUCTURE AND LEVYING A TAX
SUFFICIENT TO PAY THE PRINCIPAL OF AND INTEREST ON THE
BONDS
The following table sets forth the estimated principal amount of, and interest due to maturity on, the bonds
to be issued if Proposition B passes, and all outstanding obligations of the City secured by and payable from
ad valorem taxes.
Principal
Amount of
Bonds to be
authorized
Estimated
interest for
Bonds to be
authorized (1)
Estimated
combined
principal and
interest required
to pay on time and
in full the Bonds
to be authorized (1)
Principal of
City’s Existing
Outstanding
Debt
(as of 8/17/22)
Remaining
interest on
City’s Existing
Outstanding
Debt
(as of 8/17/22)
Combined
Principal and
Interest to timely
pay City’s
Outstanding
Debt
(as of 8/17/22)
$16,100,000 $9,881,917 $25,981,917 $432,070,000 $132,804,458 $564,874,458
(1) The interest on the proposed bonds was estimated at a rate of 5.00% based on market conditions as
of August 17, 2022, and therefore, the interest payable on the proposed bonds may be less than, or
more than, the amounts set forth above based on market conditions at the time of sale of the
proposed bonds.
The Proposition intends to issue the bonds authorized over a period of years in a manner in accordance with
a schedule to be determined by the City Council based upon a number of factors, including, but not limited
to, the then current needs of the City, demographic changes, prevailing market conditions, assessed
valuations of property in the City and management of the City’s short-term and long-term interest rate
exposure. The bonds are expected to be issued in multiple years whereby there is no expected impact
above the current tax rate. However, in order to illustrate the possible maximum tax rate impact, the City
has assumed the bonds would be issued in one Series. Based on the information and assumptions provided
in the table above, the estimated maximum annual increase in the amount of taxes that would be imposed
on a residence homestead in the City with a taxable appraised value of $100,000 to repay the proposed
bonds, if approved, is $.0063. This estimate takes into consideration the City’s assessed growth valuation
of 13.32% for tax year 2023, and assumes annual growth of the City’s taxable assessed valuation between
2.5% and 7.5% for each year thereafter.
Voter Information Document – City of College Station Special Election
Proposition C
The following information is prepared to comply with Tex. H.B. 477 86th Leg., R.S. (2019) and is for
illustration purposes only. The information is not a part of the proposition to be voted on and does not create
a contract with the voters.
At the Election, the following language will appear on the ballot:
CITY OF COLLEGE STATION SPECIAL ELECTION
CITY OF COLLEGE STATION PROPOSITION C
FOR ______
AGAINST ______
)
)
)
)
)
)
THE ISSUANCE OF $30,400,000 IN BONDS FOR IMPROVEMENTS AT
VETERANS PARK AND TEXAS INDEPENDENCE BALLPARK AND
LEVYING A TAX SUFFICIENT TO PAY THE PRINCIPAL OF AND
INTEREST ON THE BONDS
The following table sets forth the estimated principal amount of, and interest due to maturity on, the bonds
to be issued if Proposition C passes, and all outstanding obligations of the City secured by and payable from
ad valorem taxes.
Principal
Amount of
Bonds to be
authorized
Estimated
interest for
Bonds to be
authorized (1)
Estimated
combined
principal and
interest required
to pay on time and
in full the Bonds
to be authorized (1)
Principal of
City’s Existing
Outstanding
Debt
(as of 8/17/22)
Remaining
interest on
City’s Existing
Outstanding
Debt
(as of 8/17/22)
Combined
Principal and
Interest to timely
pay City’s
Outstanding
Debt
(as of 8/17/22)
$30,400,000 $18,661,833 $49,061,833 $432,070,000 $132,804,458 $564,874,458
(1) The interest on the proposed bonds was estimated at a rate of 5.00% based on market conditions as
of August 17, 2022, and therefore, the interest payable on the proposed bonds may be less than, or
more than, the amounts set forth above based on market conditions at the time of sale of the
proposed bonds.
The Proposition intends to issue the bonds authorized over a period of years in a manner in accordance with
a schedule to be determined by the City Council based upon a number of factors, including, but not limited
to, the then current needs of the City, demographic changes, prevailing market conditions, assessed
valuations of property in the City and management of the City’s short-term and long-term interest rate
exposure. The bonds are expected to be issued in multiple years whereby there is no expected impact
above the current tax rate. However, in order to illustrate the possible maximum tax rate impact, the City
has assumed the bonds would be issued in one Series. Based on the information and assumptions provided
in the table above, the estimated maximum annual increase in the amount of taxes that would be imposed
on a residence homestead in the City with a taxable appraised value of $100,000 to repay the proposed
bonds, if approved, is $.0119. This estimate takes into consideration the City’s assessed growth valuation
of 13.32% for tax year 2023, and assumes annual growth of the City’s taxable assessed valuation between
2.5% and 7.5% for each year thereafter.
Voter Information Document – City of College Station Special Election
Proposition D
The following information is prepared to comply with Tex. H.B. 477 86th Leg., R.S. (2019) and is for
illustration purposes only. The information is not a part of the proposition to be voted on and does not create
a contract with the voters.
At the Election, the following language will appear on the ballot:
CITY OF COLLEGE STATION SPECIAL ELECTION
CITY OF COLLEGE STATION PROPOSITION D
FOR ______
AGAINST ______
)
)
)
)
)
)
THE ISSUANCE OF $22,000,000 IN BONDS FOR PARKS AND
RECREATIONAL FACILITIES AND LEVYING A TAX SUFFICIENT TO
PAY THE PRINCIPAL OF AND INTEREST ON THE BONDS
The following table sets forth the estimated principal amount of, and interest due to maturity on, the bonds
to be issued if Proposition D passes, and all outstanding obligations of the City secured by and payable
from ad valorem taxes.
Principal
Amount of
Bonds to be
authorized
Estimated
interest for
Bonds to be
authorized (1)
Estimated
combined
principal and
interest required
to pay on time and
in full the Bonds
to be authorized (1)
Principal of
City’s Existing
Outstanding
Debt
(as of 8/17/22)
Remaining
interest on
City’s Existing
Outstanding
Debt
(as of 8/17/22)
Combined
Principal and
Interest to timely
pay City’s
Outstanding
Debt
(as of 8/17/22)
$22,000,000 $13,500,333 $35,500,333 $432,070,000 $132,804,458 $564,874,458
(1) The interest on the proposed bonds was estimated at a rate of 5.00% based on market conditions as
of August 17, 2022, and therefore, the interest payable on the proposed bonds may be less than, or
more than, the amounts set forth above based on market conditions at the time of sale of the
proposed bonds.
The Proposition intends to issue the bonds authorized over a period of years in a manner in accordance with
a schedule to be determined by the City Council based upon a number of factors, including, but not limited
to, the then current needs of the City, demographic changes, prevailing market conditions, assessed
valuations of property in the City and management of the City’s short-term and long-term interest rate
exposure. The bonds are expected to be issued in multiple years whereby there is no expected impact
above the current tax rate. However, in order to illustrate the possible maximum tax rate impact, the City
has assumed the bonds would be issued in one Series. Based on the information and assumptions provided
in the table above, the estimated maximum annual increase in the amount of taxes that would be imposed
on a residence homestead in the City with a taxable appraised value of $100,000 to repay the proposed
bonds, if approved, is $.0086. This estimate takes into consideration the City’s assessed growth valuation
of 13.32% for tax year 2023, and assumes annual growth of the City’s taxable assessed valuation between
2.5% and 7.5% for each year thereafter.
Voter Information Document – City of College Station Special Election
Proposition E
The following information is prepared to comply with Tex. H.B. 477 86th Leg., R.S. (2019) and is for
illustration purposes only. The information is not a part of the proposition to be voted on and does not create
a contract with the voters.
At the Election, the following language will appear on the ballot:
CITY OF COLLEGE STATION SPECIAL ELECTION
CITY OF COLLEGE STATION PROPOSITION E
FOR ______
AGAINST ______
)
)
)
)
)
)
THE ISSUANCE OF $3,900,000 IN BONDS FOR A NEW SWIMMING
POOL AT MABEL CLARE THOMAS PARK AND LEVYING A TAX
SUFFICIENT TO PAY THE PRINCIPAL OF AND INTEREST ON THE
BONDS
The following table sets forth the estimated principal amount of, and interest due to maturity on, the bonds
to be issued if Proposition E passes, and all outstanding obligations of the City secured by and payable from
ad valorem taxes.
Principal
Amount of
Bonds to be
authorized
Estimated
interest for
Bonds to be
authorized (1)
Estimated
combined
principal and
interest required
to pay on time and
in full the Bonds
to be authorized (1)
Principal of
City’s Existing
Outstanding
Debt
(as of 8/17/22)
Remaining
interest on
City’s Existing
Outstanding
Debt
(as of 8/17/22)
Combined
Principal and
Interest to timely
pay City’s
Outstanding
Debt
(as of 8/17/22)
$3,900,000 $2,391,250 $6,291,250 $432,070,000 $132,804,458 $564,874,458
(1) The interest on the proposed bonds was estimated at a rate of 5.00% based on market conditions as
of August 17, 2022, and therefore, the interest payable on the proposed bonds may be less than, or
more than, the amounts set forth above based on market conditions at the time of sale of the
proposed bonds.
The Proposition intends to issue the bonds authorized over a period of years in a manner in accordance with
a schedule to be determined by the City Council based upon a number of factors, including, but not limited
to, the then current needs of the City, demographic changes, prevailing market conditions, assessed
valuations of property in the City and management of the City’s short-term and long-term interest rate
exposure. The bonds are expected to be issued in multiple years whereby there is no expected impact
above the current tax rate. However, in order to illustrate the possible maximum tax rate impact, the City
has assumed the bonds would be issued in one Series. Based on the information and assumptions provided
in the table above, the estimated maximum annual increase in the amount of taxes that would be imposed
on a residence homestead in the City with a taxable appraised value of $100,000 to repay the proposed
bonds, if approved, is $.0015. This estimate takes into consideration the City’s assessed growth valuation
of 13.32% for tax year 2023, and assumes annual growth of the City’s taxable assessed valuation between
2.5% and 7.5% for each year thereafter.
CITY OF COLLEGE STATION SPECIAL ELECTION
(ELECCIÓN ESPECIAL DEL CIUDAD DE COLLEGE STATION)
OFFICIAL BALLOT (BOLETAS ELECTORALES OFICIALES)
Place an "x" in the square beside the statement indicating the way you wish to vote.
(Coloque una "x" en el cuadro al lado de la declaración indicando en qué forma usted
quiere votar.)
CITY OF COLLEGE STATION SPECIAL ELECTION
CITY OF COLLEGE STATION PROPOSITION A
FOR ______
AGAINST ______
)
)
)
)
)
)
THE ISSUANCE OF $18,000,000 IN BONDS FOR A NEW FIRE STATION
AND EQUIPMENT AND LEVYING A TAX SUFFICIENT TO PAY THE
PRINCIPAL OF AND INTEREST ON THE BONDS
CITY OF COLLEGE STATION SPECIAL ELECTION
CITY OF COLLEGE STATION PROPOSITION B
FOR ______
AGAINST ______
)
)
)
)
)
)
THE ISSUANCE OF $16,100,000 IN BONDS FOR TRANSPORTATION
AND MOBILITY INFRASTRUCTURE AND LEVYING A TAX
SUFFICIENT TO PAY THE PRINCIPAL OF AND INTEREST ON THE
BONDS
CITY OF COLLEGE STATION SPECIAL ELECTION
CITY OF COLLEGE STATION PROPOSITION C
FOR ______
AGAINST ______
)
)
)
)
)
)
THE ISSUANCE OF $30,400,000 IN BONDS FOR IMPROVEMENTS AT
VETERANS PARK AND TEXAS INDEPENDENCE BALLPARK AND
LEVYING A TAX SUFFICIENT TO PAY THE PRINCIPAL OF AND
INTEREST ON THE BONDS
CITY OF COLLEGE STATION SPECIAL ELECTION
CITY OF COLLEGE STATION PROPOSITION D
FOR ______
AGAINST ______
)
)
)
)
)
)
THE ISSUANCE OF $22,000,000 IN BONDS FOR PARKS AND
RECREATIONAL FACILITIES AND LEVYING A TAX SUFFICIENT TO
PAY THE PRINCIPAL OF AND INTEREST ON THE BONDS
CITY OF COLLEGE STATION SPECIAL ELECTION
CITY OF COLLEGE STATION PROPOSITION E
FOR ______
AGAINST ______
)
)
)
)
)
)
THE ISSUANCE OF $3,900,000 IN BONDS FOR A NEW SWIMMING
POOL AT MABEL CLARE THOMAS PARK AND LEVYING A TAX
SUFFICIENT TO PAY THE PRINCIPAL OF AND INTEREST ON THE
BONDS
ELECCIÓN ESPECIAL DE LA CIUDAD DE COLLEGE STATION
PROPOSICIÓN A DE LA CIUDAD DE COLLEGE STATION
A FAVOR
______
EN CONTRA ______
)
)
)
)
)
)
LA EMISIÓN DE $18,000,000 EN BONOS PARA UN NUEVO CUARTEL
DE BOMBEROS Y EQUIPOS Y LA IMPOSICIÓN DE UN
IMPUESTOSUFICIENTE PARA PAGAR EL CAPITAL Y EL INTERÉS
DE LOS BONOS
ELECCIÓN ESPECIAL DE LA CIUDAD DE COLLEGE STATION
PROPOSICIÓN B DE LA CIUDAD DE COLLEGE STATION
A FAVOR
______
EN CONTRA ______
)
)
)
)
)
)
LA EMISIÓN DE $16,100,000 EN BONOS PARA INFRAESTRUCTURA
DE TRANSPORTE Y MOVILIDAD Y LA IMPOSICIÓN DE UN
IMPUESTOSUFICIENTE PARA PAGAR EL CAPITAL Y EL INTERÉS
DE LOS BONOS
ELECCIÓN ESPECIAL DE LA CIUDAD DE COLLEGE STATION
PROPOSICIÓN C DE LA CIUDAD DE COLLEGE STATION
A FAVOR
______
EN CONTRA ______
)
)
)
)
)
)
LA EMISIÓN DE $30,400,000 EN BONOS PARA MEJORAS EN EL
PARQUE VETERANS Y EN TEXAS INDEPENDENCE BALLPARKY LA
IMPOSICIÓN DE UN IMPUESTOSUFICIENTE PARA PAGAR EL
CAPITAL Y EL INTERÉS DE LOS BONOS
ELECCIÓN ESPECIAL DE LA CIUDAD DE COLLEGE STATION
PROPOSICIÓN D DE LA CIUDAD DE COLLEGE STATION
A FAVOR
______
EN CONTRA ______
)
)
)
)
)
)
LA EMISIÓN DE $22,000,000 EN BONOS PARA PARQUES E
INSTALACIONES RECREATIVASY LA IMPOSICIÓN DE UN
IMPUESTOSUFICIENTE PARA PAGAR EL CAPITAL Y EL INTERÉS
DE LOS BONOS
ELECCIÓN ESPECIAL DE LA CIUDAD DE COLLEGE STATION
PROPOSICIÓN E DE LA CIUDAD DE COLLEGE STATION
A FAVOR
______
EN CONTRA ______
)
)
)
)
)
)
LA EMISIÓN DE $3,900,000 EN BONOS PARA UNA NUEVA PISCINA
DE NATACIÓN EN EL PARQUE MABEL CLARE THOMAS Y LA
IMPOSICIÓN DE UN IMPUESTOSUFICIENTE PARA PAGAR EL
CAPITAL Y EL INTERÉS DE LOS BONOS