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HomeMy WebLinkAboutOrd 894-2021 Calling for a Bond Election to be Held on May 1, 2021ORDINANCE NO. -2021 ORDINANCE CALLING A BOND ELECTION THE STATE OF TEXAS § COLLIN COUNTY § CITY OF ANNA § WHEREAS, the City Council of the City of Anna, Texas (the "City") deems it advisable to call the bond election hereinafter ordered (the "Election"); 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 the Texas Government Code, Chapter 551. THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF ANNA, TEXAS, THAT: Section 1. Findings. The statements contained in the preamble of this Ordinance are tnie 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 May 1, 2021 ("Election Day"), at the respective polling places designated by Collin County in the Election Contract (defined below) as set forth in Exhibit A below, which exhibit 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 conducted by personal appearance at the locations set forth in Exhibit B below and during the period early voting is required or permitted by law, being April 195 2021, through April 27, 2021, which exhibit shall be modified to include additional or different early voting polling places, dates and times required to conform to the Election Contract and the Code. Any voter who is entitled to vote an early ballot by personal appearance may do so at any Early Voting Polling Place listed in Exhibit B below. Applications for early voting by mail shall be sent to Bruce Sherbet, Elections Administrator, 2010 Redbud Blvd., Suite 102, McKinney, Texas 75069. The Early Voting Clerk for the special election shall be Bruce Sherbet, Elections Administrator. Applications for voting by mail for all residents of the City shall delivered not later than April 20, 2021. Section 4. Election Officials. The election shall be administered by the Collin County Elections Administration pursuant to the Contract for Joint Election Services between the City and Collin County Elections Administration (the "Election Contract"). The City Manager is hereby authorized and directed to enter into such Election Contract with Collin County Elections Administration and to execute such Election Agreement on behalf of the City. The persons to serve as officers to conduct said election and an early ballot board to process early voting results shall be appointed pursuant to the Contract. Section 5. Qualified Voters. All qualified electors of and residing in the City, shall be entitled to vote at the election. Section 6. Propositions. At the Election the following PROPOSITIONS shall be submitted in accordance with law: 1 CITY OF ANNA, TEXAS SPECIAL ELECTION CITY OF ANNA, TEXAS PROPOSITION A Shall the City Council of the City of Anna, Texas be authorized to issue the bonds of the City, in one or more series, in the aggregate principal amount of $8,000,000 for the purpose of constructing and acquiring a fire station and related improvements and equipment, with said bonds to be issued in one or more series or issues, to mature serially or otherwise not to exceed 40 years from their date, and bear interest at such rate or rates, not to exceed the respective limits prescribed by law at the time of issuance, and to be sold at such price or prices, 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 ANNA, TEXAS SPECIAL ELECTION CITY OF ANNA, TEXAS PROPOSITION B Shall the City Council of the City of Anna, Texas be authorized to issue the bonds of the City, in one or more series, in the aggregate principal amount of $22,000,000 for the purpose of acquiring, designing, construction and equipping a community library that includes multipurpose meeting spaces and classrooms, with said bonds to be issued in one or more series or issues, to mature serially or otherwise not to exceed 40 years from their date, and bear interest at such rate or rates, not to exceed the respective limits prescribed by law at the time of issuance, and to be sold at such price or prices, 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 ANNA, TEXAS SPECIAL ELECTION CITY OF ANNA, TEXAS PROPOSITION C Shall the City Council of the City of Anna, Texas be authorized to issue the bonds of the City, in one or more series, in the aggregate principal amount of $28,000,000 for the purpose of acquiring, designing, constructing, and equipping parks and recreation facilities, including without limitation land acquisition, feasibility studies, park improvements, recreation and sports facilities, and trails, with said bonds to be issued in one or more series or issues, to mature serially or otherwise not to exceed 40 years from their date, and bear interest at such rate or rates, not to exceed the respective limits prescribed by law at the time of issuance, and to be sold at such price or prices, 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 7. Ballots. The official ballots for the Election shall be prepared in accordance with the Texas Election Code so as to permit the electors 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: 2 CITY OF ANNA, TEXAS SPECIAL ELECTION CITY OF ANNA, TEXAS PROPOSITION A FOR )THE ISSUANCE OF $8,000,000 OF BONDS BY THE CITY OF ANNA, TEXAS FOR A FIRE STATION AND EQUIPMENT. TAXES AGAINST ) SUFFICIENT TO PAY THE PRINCIPAL OF AND INTEREST ON THE BONDS WILL BE IMPOSED. CITY OF ANNA, TEXAS SPECIAL ELECTION CITY OF ANNA, TEXAS PROPOSITION B FOR )THE ISSUANCE OF $22,000,000 OF BONDS BY THE CITY OF ANNA, TEXAS FOR A COMMUNITY LIBRARY. TAXES SUFFICIENT TO PAY AGAINST ) THE PRINCIPAL OF AND INTEREST ON THE BONDS WILL BE IMPOSED. CITY OF ANNA, TEXAS SPECIAL ELECTION CITY OF ANNA, TEXAS PROPOSITION C FOR 'THE ISSUANCE OF $28,000,000 OF BONDS BY THE CITY OF ANNA, TEXAS FOR PARKS AND RECREATION IMPROVEMENTS. TAXES AGAINST ) SUFFICIENT TO PAY THE PRINCIPAL OF AND INTEREST ON THE BONDS WILL BE IMPOSED. Section 8. Compliance with State and Federal Law. In all respects, the Election shall be conducted in accordance with the Code. Pursuant to the federal Help America Vote Act (" Rik VA") 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 Collin County Elections Administration 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 9. Debt Obligations. 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 7 hereof. (b) The purpose for which the bonds are to be authorized is set forth in Section 6 hereof. (c) The principal amount of the debt obligations to be authorized is $58,000,000. (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 limits prescribed by law, to pay the principal of and interest on 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 3.16%. Such estimate takes into account a number of factors, including the issuance schedule, maturity schedule and the expected bond ratings of the proposed bonds and notes. Such estimated maximum interest rate is 3 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 the maximum number of years authorized by law. (g) The aggregate amount of the outstanding principal of the City's debt obligations as of the date of this Ordinance is $47,927,000. (h) The aggregate amount of the outstanding interest of the City's debt obligations as of the beginning as of the date of this Ordinance is $26,404,380. (i) The ad valorem debt service tax rate for the City as of the date of this Ordinance is $0.115947 per $100 of taxable assessed valuation. PASSED, APPROVED AND EFFECTIVE this February 9, 2021. ATTESTED: City Secretary Carrie L. Land City of Anna, Texas [CITY SEAL] 0 Mayor Nate Ake City of Anna, Texas EXHIBIT A ELECTION DAY POLLING PLACES [Voters may vote at the following locations within the City and at any of the additional listed Election Day Vote Centers open under full contract services with the Collin County Elections Administration.] Polling Place Address City Allen ISD Service Center -Main Foyer 1451 N. Watters Road Allen 75002 Allen Municipal Courts Facility -Community Room 301 Century Parkway Allen 75013 Anna ISD -Board Room 501 S. Sherley Avenue Anna 750409 Bennett Elementary School 7760 Coronado Dr McKinney 75070 Blue Ridge ISD Administration Building 318 West School Street Blue Ridge 75424 Carpenter Park Recreation Center 6701 Coit Road Plano 75024 Cockrill Middle School 1351 N Hardin Blvd McKinney 75071 Collin College Frisco Campus -J113 9700 Wade Blvd Frisco 75035 Collin College - Higher Education Center -Lobby 3452 Spur 399 McKinney 75069 Collin College McKinney Campus -Atrium C Wing 2200 W. University Drive McKinney 75071 Collin College Plano Campus 2800 Spring Creels Parkway Plano 75074 Collin College Wylie Campus -Conference Center 391 Country Club Road Wylie 75098 Collin County Elections Office 2010 Redbud Blvd, Ste. 102 McKinney 75069 Davis Library -Program Room 7501A Independent Parkway Plano 75025 Dowell Middle School 301 S. Ridge Road McKinney 75072 Evans Middle School 6998 W. Eldorado Parkway McKinney 75072 Fairview Town Hall -Council Chambers 372 Town Place Fairview 75069 Farmersville City Hall -Council Chambers 205 S. Main Street Farmersville 75442 Faubion Middle School 2000 Rollins Street McKinney 75069 Frisco Fire Station #8 -Training Room 14700 Rolater Road Frisco 75034 Gay Library -Meeting Room 6861 W. Eldorado Parkway McKinney 75070 Haggard Middle School -Vestibule East Entrance 2832 Parkhaven Drive Plano 75075 Hendrick Middle School 7400 Red River Drive Plano 75025 Hunt Middle School 4900 Legendary Drive Frisco 75034 Lavon City Hall 120 School Road Lavon 75166 Lovejoy ISD Administration Building -Portable #1 259 Country Club Road Allen 75002 Lucas Community Center 665 Country Club Road Lucas 75002 Maus Middle School 12175 Coit Road Frisco 75035 McKinney Boyd High School 600 Lake Forest Dr McKinney 75071 McKinney Fire Station #5 -Community Room 6600 Virginia Parkway McKinney 75071 McKinney Fire Station #7 -Community Room 861 Independence Parkway McKinney 75072 McKinney High School 1400 E. Wilson Creek Pkwy McKinney 75069 McKinney North High School 2550 Wilmeth Road McKinney 75071 Melissa City Hall -Municipal Court Room 3411 Barker Avenue Melissa 75454 Michael J. Felix Community Center -Room A & B 3815-E Sachse Raod Sachse 75048 A-1 Miller Elementary School -Gym 5651 Coventry Drive Richardson 75082 Murphy Community Center -Homer and Marie Adams Room 205 N. Murphy Road Murphy 75094 New Hope Town Hall -Council Chambers 121 Rockcrest Road New Hope 75069 Parker City Hall 5700 E. Parker Road Parker 75002 Parr Library -Large Program Room 6200 Windhaven Parkway Plano 75093 Plano ISD Administration Center 2700 W. 15th Street Plano 75075 Prosper Town Hall -Community Room 250 W. First Street Prosper 75078 Renner Frankford Library -Auditorium 6400 Frankford Road Dallas 75252 Richardson Civic Center / City Hall -Parks Room 411 W. Arapaho Road Richardson 75080 Robinson Middle School 6701 Preston Meadow Plano 75024 Rose Haggar Elementary School -Gym 17820 Campbell Road Dallas 75252 Roy and Helen Hall Memorial Library 101 E. Hunt Street McKinney 75069 Schimelpfenig Middle School -Front Foyer 2400 Maumelle Drive Plano 75023 Scott Johnson Middle School 3400 Community Blvd. McKinney 75071 Shepton High School -Small Gym 5505 Plano Parkway Plano 75093 Slaughter Elementary School 2706 Wolford Street McKinney 75070 Smith Library -Lobby 300 Country Club Road Wylie 75098 St Paul Town Hall 2505 Butscher Block Wylie 75098 Terry Pope Administration Building -Board Room 611 North FM 1138 Nevada 75173 Tom Muehlenbeck Recreation Center -Meeting Room A 5801 W. Parker Road Plano 75093 Wilson Middle School -F 113 1001 Custer Road Plano 75075 A-2 EXHIBIT B EARLY VOTING POLLING PLACES Polling Place Address Uity Collin County Elections (Main Early Voting Location) 2010 Redbud Blvd. St 102 McKinney 75069 Bennett Elementary School 120 School Road Lavon 75166 Anna ISD -Board Room 318 W. School Street McKinney 75070 Allen Municipal Courts Facility -Community Room 7760 Coronado Dr Anna 75409 Allen ISD Service Center -Main Foyer 501 S. Sherley Avenue Allen 75013 Collin College Higher Education Center -Lobby 301 Century Parkway Farmersville 75442 Collin College McKinney Campus -Atrium C Wing 1451 North Watters Road McKinney 75071 Collin College Frisco Campus4113 2800 E. Spring Creels Parkway McKinney 75071 Cockrill Middle School 2200 W. University Drive Frisco 75035 Carpenter Park Recreation Center 3452 Spur 399 Lucas 75002 Blue Ridge ISD Administration Building 9700 Wade Blvd Allen 75002 Evans Middle School 1351 N Hardin Blvd Frisco 75034 Dowell Middle School 6701 Coit Road Murphy 75094 Davis Library -Program Room 205 S. Main Street Sachse 75048 Collin College Wylie Campus -Con£ Center 103 301 S. Ridge Road McKinney 75071 Collin College Plano Campus 7501A Independent Parkway McKinney 75069 Harrington Library 2010 Redbud Blvd. Ste 102 McKinney 75072 Haggard Library -Large Program Room 391 Country Club Road Dallas 75252 Gay Library -Meeting Room 4900 Legendary Drive Prosper 75078 Frisco Fire Station #&Training Room 1501 18th Street Allen 75002 Faubion Middle School 2501 Coit Road McKinney 75071 Farmersville City Hall -Council Chambers 6861 W. Eldorado Parkway McKinney 75069 McKinney Fire Station #5 -Community Room 14700 Rolater Road Frisco 75035 McKinney Boyd High School 2000 Rollins Street McKinney 75071 Maus Middle School 861 Independence Parkway Plano 75024 Lucas Community Center 6600 Virginia Parkway Blue Ridge 75424 Lovejoy ISD Administration Building -Portable #1 600 Lake Forest Dr McKinney 75072 Hunt Middle School 12175 Coit Road McKinney 75072 Lavon City Hall 665 Country Club Road Plano 75025 Murphy Community Center -Homer and Marie Adams Room 259 Country Club Road McKinney 75069 Michael J. Felix Community Center -Room A & B 121 Rockcrest Road Wylie 75098 Melissa City Hall -Municipal Court Room 205 N. Murphy Road Plano 75074 McKinney North High School 3815-E Sachse Raod Plano 75042 McKinney High School 3411 Barker Avenue Plano 75075 McKinney Fire Station #77ommunit Room 2550 Wilmeth Road McKinney 75070 Plano ISD Administration Center 1400 E. Wilson Creek Plewy Frisco 75034 Parr Library -Large Program Room 411 W. Arapaho Road McKinney 75069 Parker City Hall 6400 Frankford Road Plano 75075 New Hope Town Hall -Council Chambers 250 W. First Street Plano 75093 Richardson Civic Center / City Hall -Parks Room 2700 W. 15th Street Parker 75002 Renner Frankford Library -Auditorium 6200 Windhaven Parkway New Hope 75069 Prosper Town Hall -Community Room 5700 E. Parker Road Richardson 75080 April 19 — 23 April 24 Apri126 — 27 EARLY VOTING DATES AND TIMES Monday -Friday Saturday Monday -Tuesday 8:00 a.m. - 5:00 p.m. 8:00 a.m. - 5:00 p.m. Important Note: Elm Collin County registered voters (with an effective date of registration on or before , 2021) may vote at any of the above early voting locations. B-2 Voter Information Document — City of Anna, Texas Special Election Proposition A The following information is prepared to comply with Section 1251.052(b) of the Texas Government Code, as amended. Ballot Information: At the Election, the following language will appear on the ballot: CITY OF ANNA, TEXAS SPECIAL ELECTION CITY OF ANNA, TEXAS PROPOSITION A FOR )THE ISSUANCE OF $8,000,000 OF BONDS BY THE CITY OF ANNA, TEXAS FOR A FIRE STATION AND EQUIPMENT. TAXES AGAINST ) SUFFICIENT TO PAY THE PRINCIPAL OF AND INTEREST ON THE BONDS WILL BE IMPOSED. 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 (l) The interest on the proposed bonds was estimated at a rate 91 700/ Estimated Estimated Principal of Remaining Combined Amount of interest for combined City's Existing interest on Principal and Bonds to be Bonds to be principal and Outstanding City's Existing Interest to authorized authorized (1) interest required Debt Outstanding timely pay to pay on time Debt City's and in full the (as of 2/9/2021) Outstanding Bonds to be (as of 2/9/2021) Debt authorized (1) as of 2/9/2021 $8,000,000 2.78% $115873,080 $47,9271000 $2694043380 $7453315380 based on market conditions as of February 95 20215 and therefore, the interest payable on the proposed bonds maybe less than, or more than, the amounts set forth above based on market conditions at the time of sale of the proposed bonds. 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 $7.10. This estimate assumes annual growth of City's taxable assessed valuation at an average rate of 5.06% through tax year 2043, and holds the City's taxable assessed valuation constant thereafter, and assumes the that the proposed bonds will be issued in an amortization, that combined with the City's Existing Outstanding Debt, will produce relatively consistent levels of debt service in each year. Voter Information Document — City of Anna, Texas Special Election Proposition B The following information is prepared to comply with Section 1251.052(b) of the Texas Government Code, as amended. Ballot Information: At the Election, the following language will appear on the ballot: CITY OF ANNA, TEXAS SPECIAL ELECTION CITY OF ANNA, TEXAS PROPOSITION B FOR )THE ISSUANCE OF $22,000,000 OF BONDS BY THE CITY OF ANNA, TEXAS FOR A COMMUNITY LIBRARY. TAXES SUFFICIENT TO PAY AGAINST ) THE PRINCIPAL OF AND INTEREST ON THE BONDS WILL BE )IMPOSED, 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 ('> The interest on the proposed bonds was estimated at a rate -r?) 0 Estimated Estimated Principal of Remaining Combined Amount of interest for combined City's Existing interest on Principal and Bonds to be Bonds to be principal and Outstanding City's Existing Interest to authorized authorized (i) interest required Debt Outstanding timely pay to pay on time Debt City's and in full the (as of 2/9/2021) Outstanding Bonds to be (as of 2/9/2021) Debt authorized (1) as of 2/9/2021 $2230005000 2.80% $3238365504 $47,927,000 $2654045380 $745331,380 % based on market conditions as of February 9, 20213 and therefore, the interest payable on the proposed bonds maybe less than, or more than, the amounts set forth above based on market conditions at the time of sale of the proposed bonds. 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 $19.50. This estimate assumes annual growth of City's taxable assessed valuation at an average rate of 4.88% through tax year 2046, and holds the City's taxable assessed valuation constant thereafter, and assumes the that the proposed bonds will be issued in an amortization, that combined with the City's Existing Outstanding Debt, will produce relatively consistent levels of debt service in each year. Voter Information Document — City of Anna, Texas Special Election Proposition C The following information is prepared to comply with Section 1251.052(b) of the Texas Government Code, as amended. Ballot Information: At the Election, the following language will appear on the ballot: CITY OF ANNA, TEXAS SPECIAL ELECTION CITY OF ANNA, TEXAS PROPOSITION C FOR ) THE ISSUANCE OF $28,000,000 OF BONDS BY THE CITY OF ANNA, TEXAS FOR PARKS AND RECREATION IMPROVEMENTS. TAXES AGAINST SUFFICIENT TO PAY THE PRINCIPAL OF AND INTEREST ON THE BONDS WILL BE IMPOSED. 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 (i) Estimated Estimated Principal of Remaining Combined Amount of interest for combined City's Existing interest on Principal and Bonds to be Bonds to be principal and Outstanding City's Existing Interest to authorized authorized interest required Debt Outstanding timely pay to pay on time Debt City's and in full the (as of 2/9/2021) Outstanding Bonds to be (as of 2/9/2021) Debt authorized (1) as of 2/9/2021 $283000,000 3.16% $4454075286 $4799273000 $265404,380 $7453313380 The interest on the proposed bonds was estimated at a rate of 3.16% based on market conditions as of February 9, 2021, and therefore, the interest payable on the proposed bonds maybe less than, or more than, the amounts set forth above based on market conditions at the time of sale of the proposed bonds. 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 $16.50. This estimate assumes annual growth of City's taxable assessed valuation at an average rate of 4.74% through tax year 2049, and holds the City's taxable assessed valuation constant thereafter, and assumes the that the proposed bonds will be issued in an amortization, that combined with the City's Existing Outstanding Debt, will produce relatively consistent levels of debt service in each year.