City of Decatur Capital Projects

1
City of Decatur Capital Projects Financing
History

• October 25, 1955 800,000 (4,735,000
  adjusted current value)
• Decatur Ebster Recreation Centers
• Fire Station Number 1
• Traffic Signals Improvements
• City Hall Improvements
• Transportation Improvements
• November 1, 1950 166,000 (1,119,000
  adjusted current value)
• Fire Station No. 2
• Parks
• Traffic Improvements
• Public Facilities

2
Capital Improvements Last 10 Years

• Streetscapes, including MARTA Plaza
• Harmony Park Depot
• Oakhurst, McKoy Ebster Parks
• Glenlake Tennis Center
• City Hall
• Local Stormwater Improvements
• Sidewalks

3
Determining Citys Capital Needs

• Comprehensive Plan
• Downtown Streetscapes Program 1994
• Strategic Plan 2000
• Capital Needs Task Force Report 2002
• Recreation Facilities Master Plan 2003
• Preservation Corridor Master Plan 2005
• Community Transportation Plan 2006-07
• Cemetery Master Plan (to be approved)

4
2006 General Obligation BondProject Categories

• Transportation Improvements - 4,902,000
• Parks Recreation - 5,803,000
• Public Safety Facilities - 1,420,000
• Public Works Facilities - 4,275,000
• Total City Projects 16,400,000
• School Facilities -
  16,500,000

5
2006 General Obligation Bond Transportation

• Sidewalk Construction Repair - 1,500,000
• To complete Citys comprehensive program to
  provide usable sidewalks on least one side of
  every street.
• Implementation of Railroad Quiet Zones
• Estimated cost is 365,000 per crossing for
  a total of 1,095,000. Project will only occur
  if 550,000 of funding is provided by others.
• Vehicle, Bicycle and Pedestrian Improvements at 3
  Railroad At-grade Crossings
• Total project cost estimate is 2,010,000.
  Bonds will provide match of 450,000, the balance
  to be provided by other sources.

6
2006 General Obligation Bond Transportation

• Vehicle, Bicycle and Pedestrian Intersection
  Safety Improvements
• Total project cost estimate is 1,000,000.
  Bonds will provide match of 200,000, the balance
  to be provided by other sources.
• Grant Match for Improvements funded by Federal
  Transportation Funds
• The City has already been awarded grants in the
  amount of 1,558,535 for projects with an
  estimated cost of 3,160,535. Bonds will provide
  the balance of 1,602,000.
• 
  Bonds
  Grants
• Oakhurst Business District Streetscape Project
  1,007,000 500,000
• Downtown Decatur Streetscape Project
  420,000 796,675
• W.Ponce/W. Trinity Bicycle Lanes
  175,000 261,860

7
2006 General Obligation Bond Transportation

• Grant Match for Improvements funded by Federal
  Transportation Funds
• The City has applied for additional
  transportation funding of 3,000,000. The bonds
  would provide the Citys share (500,000).
• 
  Bonds
  Grants
• Downtown Decatur Streetscape Project
  500,000 2,500,000
• (North McDonough)
• Wayfinding Signage Improvements - 100,000

8
2006 General Obligation Bond Parks Recreation

• McKoy Park - 500,000
• Reconstruct McKoy Pool
• Construct walking trail around perimeter of
  park
• Decatur Recreation Center - 2,045,000
• Glenlake Park - 1,795,000
• Greenspace
• Land acquisition for trails - 500,000
• Land acquisition for parks - 913,000
• Improvements - 50,000

9
2006 General Obligation Bond Public Safety
Facilities

• Fire Station One Improvements - 620,000
• Fire Station Two Replacement - 800,000
• Replacement of the Police Department Facility is
  not included in the General Obligation Bond Issue
  but it is anticipated that the facility will be
  replaced within the next 3-5 years.

10
2006 General Obligation Bond Public Works
Facilities

• Joint City/City Schools Public Works Facility -
  Total cost is 5,830,000, net cost after land
  sale and contribution from School System is
  3,480,000.
• Cemetery -
• Total cost is 1,395,000, net cost after
  revenue from cemetery lot sales is 795,000.

11
Total Financing

• 30-Year General Obligation Debt Bond Issue
• 33,245,000 total
• City Projects 16,400,000
• School Projects
  16,500,000
• Issuance Costs
  345,000
• TOTAL 33,245,000

12
General Obligation Debt

• Requires approval by referendum
• Used to finance long term projects that are
  expected to last 30-50 years (several
  generations).
• Obligation of the City requiring the full faith
  credit as collateral
• Assures lowest interest costs
• Beneficiaries of the projects contribute towards
  costs over long term
• Projects can be completed within 3-5 years

13
Referendum

• September 19, 2006
• City of Decatur Voters Only
• Five Questions on the Ballot
• 1) Transportation Issue
• 2) Parks Recreation Issue
• 3) Public Safety Issue
• 4) Public Works Issue
• 5) School Issue
• Each Question Stands Alone Five Votes Can be
  Cast
• Referendum Must be Cleared by United States
  Department of Justice for compliance with the
  Voting Rights Act
• DeKalb County Board of Elections Registrations
  manages the election.
• Funds have been Budgeted in the FY 06-07 for Cost
  of Election.

14
Tax Levy

• Tax levy - 1.54 mills (.54 mill existing 1 mill
  new)
• New millage (1 mill) would be assessed in second
  half tax bills due December 20, 2006.

15
Taxpayer Effect

• 250,000 value 125 annually
• 10.42 _at_ month
• 325,000 value 163 annually
• 13.58 _at_ month
• 400,000 value 200 annually
• 16.67 _at_ month

16
Financial Team

• City and City School Staff
• Robert Morrison, Government Funding Advisory
  Associates - Financial Advisor for the City
• Dianne McNabb, A.G. Edwards - Financial Advisor
  for City Schools
• Murray Barnes Finister, LLP Bond Counsel
• McKenna Long Aldridge, LLP Disclosure Counsel