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PUBLIC PROPERTY FINANCE ACT CONTRACT · Public Property Finance Act Contract for Cities & Counties...

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Page 1: PUBLIC PROPERTY FINANCE ACT CONTRACT · Public Property Finance Act Contract for Cities & Counties 1 PUBLIC PROPERTY FINANCE ACT CONTRACT THIS Public Property Finance Act Contract
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PUBLIC PROPERTY FINANCE ACT CONTRACT THIS Public Property Finance Act Contract No.6330 (hereafter referred to as the "Finance Contract") is dated as of June 25, 2013, by and between Government Capital Corporation, a Texas corporation (herein referred to as "GCC"), and the City of Riesel, a political sub-division or agency of the State of Texas (hereinafter referred to as the "Issuer"). WITNESSETH: In furtherance of the providing by GCC of financing to the Issuer in connection with the Issuer's acquisition from HD Supply Waterworks that is more fully described on EXHIBIT A attached hereto (the "Property"), and in consideration of the mutual covenants and conditions hereinafter set forth, pursuant to the provisions of the Public Property Finance Act, Chapter 271, Subchapter A, Texas Local Government Code, as amended (the "Act"), the parties agree as follows:

1. Term and Payments. The Issuer hereby covenants and agrees to pay to the order of GCC and GCC's successors and assigns those principal and interest installment amounts in those sums set forth on EXHIBIT B attached hereto (the "Payments") on or before those dates per installment that are more fully set forth on EXHIBIT B (the "Payment Dates"). It is acknowledged and understood that GCC may assign its rights hereunder to a third party and that notice of said assignment shall be provided to the Issuer and that the Issuer, thereafter, shall look to and consider said assignee as the party to whom all of the Issuer's duties hereunder are owed. The obligation of the Issuer to make the Payments shall not be subject to set-off, counterclaim, or recoupment to the extent permitted by law. The interest is calculated on the basis of a 30/360-day year on the unpaid principal amounts from the Schedule Date of the EXHIBIT B.

2. Security, Levy of Taxes, Budgeting. (a) During the term of this Finance Contract, the Issuer covenants that prior to adopting a budget for any

ensuing fiscal year it shall place in its proposed budget for such ensuing fiscal year an amount necessary to pay the Finance Contract Payments for such ensuing fiscal year, and that the final budget for each fiscal year shall set aside and appropriate out of Maintenance Taxes and other revenues and funds lawfully available therefore an amount sufficient to pay the Finance Contract Payments. The Issuer hereby agrees to assess and collect, a continuing direct annual Maintenance Tax on all taxable property within the boundaries of the Issuer, within the limitations prescribed by law, at a rate from year to year sufficient, together with such other revenues and funds lawfully available to the Issuer for the payment of the Payments, to provide funds each year to pay the Payments, full allowance being made for delinquencies and costs of collection. Such taxes and such revenues and funds in an amount sufficient to make the Payments are pledged to GCC and GCC's successors and assigns for such purpose as the same shall become due and payable under this Finance Contract.

(b) The Issuer waives all rights of set-off, recoupment, counterclaim and abatement against GCC and GCC's successors and assigns with respect to the amounts due under this Finance Contract, and the Issuer's obligation to pay amounts due under this Finance Contract is absolute and unconditional and not subject to set-off, recoupment, counterclaim or abatement for any reason whatsoever.

3. Deposit into the Payment Fund. (a) Upon this Finance Contract taking effect the Issuer shall establish a Payment Fund, which shall be

maintained by the Issuer as long as any Payments are unpaid. The Issuer hereby pledges the Payment Fund for the exclusive purpose of securing the Payments and shall apply the funds therein to the payment of Payments as such payments come due.

(b) Each year in which Payments come due, the Issuer shall, not later than the day preceding any such due date, deposit into the Payment Fund, from the Issuer’s maintenance and operations taxes or other lawfully available funds (within the limits prescribed by law) an amount sufficient to make such payment. To the extent permitted by law, the Issuer hereby pledges its maintenance and operations tax as security for this obligation.

(c) The Payment Fund shall be depleted at least once a year except for a carryover amount not to exceed one twelfth (1/12) of the amount of the Payments expected to come due in the following year.

4. Taxes. The Issuer agrees to directly pay all taxes, insurance and other costs of every nature associated with its ownership of the Property. 5. The Issuer's Covenants and Representations. The Issuer covenants and represents as follows: (a) The Issuer will provide an opinion of its counsel to the effect that, it has full power and authority to enter into this Finance Contract which has been duly authorized, executed, and delivered by the Issuer and is a valid and binding obligation enforceable in accordance with its terms, and all requirements for execution, delivery and performance of this Finance Contract have been, or will be, complied with in a timely manner; (b) All Payments hereunder for the current fiscal period have been duly authorized and will be paid when due; (c) There are no pending or threatened lawsuits or administrative or other proceedings contesting the authority for, authorization of performance of, or expenditure of funds pursuant to this Finance Contract; (d) The information supplied and statements made by the Issuer in any financial statement or current budget prior to or contemporaneously with this Finance Contract are true and correct; (e) The Issuer has complied with all bidding/proposal laws applicable to this transaction and the purchase of the Property.

(f) No contract, rental agreement, lease-purchase agreement, payment agreement or contract for purchase under the Act to which the Issuer has been a party at any time during the past ten (10) years has been terminated by the Issuer as a result of insufficient funds being appropriated in any Fiscal Year. No event has occurred which would constitute an event of default under any debt, revenue bond or obligation which the Issuer has issued during the past ten (10) years.

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6. Use and Licenses. The Issuer shall pay and discharge all operating and other expenses of every nature associated with its use of the Property. The Issuer shall obtain, at its expense, all registrations, permits and licenses, if any, required by law for the installation and operation of the Property. 7. Maintenance. The Issuer agrees to be solely responsible for all maintenance and operating costs of every nature associated with its ownership of the Property and the Issuer acknowledges that GCC or GCC's successors or assigns shall have no responsibility for the payment of any such costs. 8. Damage to or Destruction of Property. The Issuer shall bear the entire risk of loss, damage, theft, or destruction of the Property from any and every cause whatsoever, and no loss, damage, destruction, or other event shall release the Issuer from the obligation to pay the full amount of the payments or from any other obligation under this Finance Contract. 9. No Warranty. EXCEPT FOR REPRESENTATIONS, WARRANTIES, AND SERVICE AGREEMENTS RELATING TO THE PROPERTY MADE OR ENTERED INTO BY THE MANUFACTURERS OR SUPPLIERS OF THE PROPERTY, IF ANY, ALL OF WHICH ARE HEREBY ASSIGNED TO THE ISSUER, GCC HAS MADE AND MAKES NO REPRESENTATION OR WARRANTY, EXPRESS OR IMPLIED, AND ASSUMES NO OBLIGATION WITH RESPECT TO THE TITLE, MERCHANTABILITY, CONDITION, QUALITY OR FITNESS OF THE PROPERTY DESCRIBED IN EXHIBIT A FOR ANY PARTICULAR PURPOSE OR THE CONFORMITY OF THE PROPERTY TO SPECIFICATION OR PURCHASE ORDER. All such risks shall be borne by the Issuer without in any way excusing it from its obligations under this Finance Contract, and GCC shall not be liable for any damages on account of such risks. All claims or actions on any warranty so assigned shall be made or prosecuted by the Issuer, at its sole expense, upon prior written notice to GCC. GCC or its assigns may, but shall have no obligation whatsoever to, participate in a claim on any warranty. Any recovery under such a warranty shall be made payable jointly to both parties. 10. Evidence of Indebtedness and Security Agreement. (a) An executed copy of this Finance Contract shall evidence the indebtedness of the Issuer as provided herein and shall constitute a security agreement pursuant to applicable law, with GCC, its successors or assigns as the secured party. The grants, lien, pledge and security interest of GCC, its successors or assigns created herein shall become effective immediately upon and from the Delivery Date, and the same shall be continuously effective for so long as any Finance Contract Payments are outstanding. (b) A fully executed copy of this Finance Contract and the proceedings authorizing same shall be kept at all times and shall be filed and recorded as a security agreement among the permanent records of the Issuer. Such records shall be open for inspection to any member of the general public and to any individual, firm, corporation, governmental entity or other person proposing to do or doing business with, or having or asserting claims against the Issuer, at all times during regular business hours. (c) If, in the opinion of counsel to the Issuer or to GCC, its successors or assigns, applicable law ever requires filings additional to the filing pursuant to subsection (b) of this section in order to preserve and protect the priority of the grants, assignments, lien, pledge and security interest of GCC, its successors or assigns created herein as to all Payments, then the Issuer shall diligently and regularly make such filings to the extent required by law to accomplish such result. 11. Default and Remedies. (a) Each of the following occurrences or events for the purpose of this Finance Contract is hereby declared to be an Event of Default: (1) the failure to make payment of the Payment when the same becomes due and payable; or (2) default in the performance or observance of any other covenant agreement or obligation of the Issuer, which default materially, adversely affects the rights of GCC or its successors or assigns, including, but not limited to, its prospect or ability to be repaid in accordance with this Finance Contract, and the continuation thereof for a period of 20 days after notice of such default is given by GCC or any successors or assigns of GCC to the Issuer. (b) Remedies for Default. (1) Upon the happening of any Event of Default, then and in every case GCC or its successors or assigns, or an authorized representative thereof, including, but not limited to, an attorney or trustee therefore, may proceed against the Issuer for the purpose of protecting and enforcing the rights of GCC or its successors or assigns under this Finance Contract, by mandamus or other suit, action or special proceeding in equity or at law, in any court of competent jurisdiction, for any relief permitted by law, including the specific performance of any covenant or agreement contained herein, or thereby to enjoin any act or thing that may be unlawful or in violation of any right of GCC or its successors or assigns or any combination of such remedies; provided that none of such parties shall have any right to declare the balance of the Finance Contract Payments to be immediately due and payable as a remedy because of the occurrence of an Event of Default. (2) The exercise of any remedy herein conferred or reserved shall not be deemed a waiver of any other available remedy, and no delay or omission to exercise any right or power occurring upon any Event of Default shall impair any such right or power or be construed to be a waiver thereof and all such rights and powers may be exercised as often as may be deemed expedient. (c) Remedies Not Exclusive. (1) No remedy herein conferred or reserved is intended to be exclusive of any other available remedy or remedies, but each and every such remedy shall be cumulative and shall be in addition to every other remedy given hereunder or under this Finance Contract or now or hereafter existing at law or in equity; provided, however, that notwithstanding any other provision of this Finance Contract, the right to accelerate the debt evidenced by this Finance Contract shall not be available as a remedy because of the occurrence of an Event of Default. 12. Assignment. Without GCC's prior written consent, the Issuer will not either (a) assign, transfer, pledge, hypothecate, grant any security interest in or otherwise dispose of this Finance Contract or the Property or any interest in this Finance Contract or the Property; or (b) sublet or lend the Property or permit it to be used by anyone other than the Issuer or the Issuer's employees and other authorized users. GCC may assign its rights, title and interest in and to this Finance Contract, and any other documents executed with respect to this Finance Contract and/or grant or assign a security interest in this Finance Contract, in whole or in part. Such successors and assigns of GCC shall have the right to further grant or assign a security interest in this Finance Contract, as well as the rights to Payments hereunder, in whole or in part, to any third party. No assignment or reassignment of GCC's rights, title or interest in this Finance Contract shall be effective with regard to the Issuer unless and until the Issuer shall have received a copy of the document by which the assignment or reassignment is made, disclosing the name and address of such assignee. The Issuer shall maintain written records of any assignments of the Finance Contract.

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13. Personal Property. The Property is and shall at all times be and remain personal property, and will not be considered a fixture to any real property. 14. GCC's Right to Perform for The Issuer. If the Issuer fails to make any payment or perform or comply with any of its covenants or obligations hereunder, GCC or GCC's successors or assigns may, but shall not be required to, make such payment or perform or comply with such covenants and obligations on behalf of the Issuer, and the amount of any such payment and the expenses (including but not limited to reasonable attorneys' fees) incurred by GCC or GCC’s successors or assigns in performing or complying with such covenants and obligations, as the case may be, together with interest thereon at the highest lawful rate under the State of Texas law, shall be payable by the Issuer upon demand. 15. Interest on Default. If the Issuer fails to pay any Payment specified herein within twenty (20) days after the due date thereof, the Issuer shall pay to GCC or any successor or assigns of GCC, interest on such delinquent payment at the highest rate allowed by Texas law. 16. Notices. Any notices to be given or to be served upon any party hereto in connection with this Finance Contract must be in writing and may be given by certified or registered mail, and shall be deemed to have been given and received forty-eight (48) hours after mailing. Such notice shall be given to the parties at their respective addresses designated on the signature page of this Finance Contract or at such other address as either party may hereafter designate.

17. Prepayment. (a) The Issuer shall have the right, at its option, to prepay the Finance Act Contract in whole, on any payment

date, in accordance with the Early Redemption Value stated on Exhibit B of the Contract. Any additional principal payments will be applied to reduce the early redemption values as shown in Exhibit B to this Finance Contract.

(b) As condition precedent to the Issuer’s right to make, and GCC or any successor or assigns of GCC's obligation to accept, any such prepayment, GCC or any successor or assigns of GCC shall have actually received notice at least thirty (30) days in advance of the Issuer’s intent to exercise its option to prepay. 18. Continuing Disclosure. Specifically and without limitation, the Issuer agrees to provide audited financial statements, prepared by a certified public accountant not later than six (6) months after and as of the end of each fiscal year. Periodic financial statements shall include a combined balance sheet as of the end of each such period, and a combined statement of revenues, expenditures and changes in fund balances, from the beginning of the then fiscal year to the end of such period. These reports must be certified as correct by one of the Issuer's authorized agents. If the Issuer has subsidiaries, the financial statements required will be provided on a consolidated and consolidation basis. 19. Tax Exemption. (a) The Issuer certifies that it does not reasonably anticipate more than $10,000,000 of "tax-exempt obligations", including this Finance Contract will be issued by it and any subordinate entities during the 2013 calendar year. Further, the Issuer designates this Finance Contract as "qualified tax exempt obligations" under Section 265 (b) 3 of the Internal Revenue Code of 1986, as amended (the "Code") eligible for the exception contained in Section 265 (b) 3 (D) of the Code allowing for an exception to the general rule of the Code which provides for a total disallowance of a deduction for interest expense allocable to the carrying of tax exempt obligations. (b) The Issuer hereby represents and covenants that the proceeds of this Finance Contract are needed at this time to provide funds for the Issuer's purchase of the property for which this Finance Contract was executed and delivered, as specified in this Finance Contract; that (i) final disbursement of the proceeds of this Finance Contract will occur within three years from the Delivery Date, (ii) substantial binding obligations to expend at least five (5) percent of the net proceeds will be incurred within six months after the Delivery Date and (iii) the acquisition of such property will proceed with due diligence to completion; and that, except for the Escrow Agreement, if applicable, and the Payment Fund, no other funds or accounts have been or will be established or pledged to the payment of this Finance Contract. (c) The Issuer will not directly or indirectly take any action or omit to take any action, which action or omission would cause the Finance Contract to constitute a "private activity bond" within the meaning of Section 141(a) of the Code. (d) The Issuer will not take any action or fail to take any action with respect to the investment of the proceeds of this Finance Contract or any other funds of the Issuer, including amounts received from the investment of any of the foregoing, that would cause this Finance Contract to be an "arbitrage bond" within the meaning of such section 148 of the Code. (e) There are no other obligations of the Issuer which are sold at substantially the same time as the Finance Contract, sold pursuant to the same plan of financing with the Finance Contract and are reasonably expected to be paid from substantially the same source of funds as the Finance Contract.

(f) The Issuer will not take any action, or as the case may be, knowingly omit to take any action within its control that, if taken or omitted, as the case may be, would cause the Finance Contract to be treated as "federally guaranteed" obligations for purposes of Section 149(b) of the Code. (g) The Issuer will take all necessary steps to comply with the requirement that certain amounts earned by the Issuer on the investment of the "gross proceeds" of the Finance Contract (within the meaning of Section 148(f)(6)(B) of the Code), if any, be rebated to the federal government. Specifically, the Issuer will (i) maintain records regarding the investment of the gross proceeds of the Finance Contract as may be required to calculate and substantiate the amount earned on the investment of the gross proceeds of the Finance Contract and retain such records for at least six years after the day on which the last outstanding Finance Contract is discharged, (ii) account for all gross proceeds under a reasonable, consistently applied method of accounting, including any specified method of accounting required by applicable regulations to be used for all or a portion of the gross proceeds, (iii) calculate, at such times as are required by applicable regulations, the amount earned from the investment of the gross proceeds of the Finance Contract and (iv) timely pay all amounts required to be rebated to the federal government. In addition, the Issuer will correct any errors within a reasonable amount of time thereafter, including payment to the federal government of any delinquent amounts owed to it, including interest thereon and penalty, if any, as may be necessary or appropriate to assure that interest on the Finance Contract is not includable in the gross income for federal income tax purposes. (h) The Issuer will timely file with the Secretary of the Treasury of the United States the information required by Section 149(e) of the Code with respect to the Finance Contract on such form and in such place as the Secretary may prescribe. Notwithstanding any other provision of this Finance Contract, the Issuer's obligation under the covenants and provisions of this Section 19 shall survive the defeasance and discharge of this Finance Contract.

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20. Miscellaneous. (a) Time is of the essence. No covenant or obligations hereunder to be performed by the Issuer are waived, except by the written consent of GCC or its successors or assigns. GCC's or its successors or assigns' rights hereunder are cumulative and not alternative. (b) This Finance Contract shall be construed in accordance with, and governed by the state of Texas laws. (c) This Finance Contract constitutes the entire agreement between the parties and shall not be modified, waived, discharged, terminated, amended, altered or changed in any respect except by a written document signed by both GCC and the Issuer. (d) Any term or provision of this Finance Contract found to be prohibited by law or unenforceable shall not affect the legality the remainder of this Finance Contract. (e) Use of the neuter gender herein is for purposes of convenience only and shall be deemed to mean and include the masculine or feminine gender whenever appropriate. (f) The captions set forth herein are for convenience of reference only, and shall not define or limit any of the terms or provisions hereof. (g) Issuer agrees to equitably adjust the payments payable under this Finance Contract if there is a determination by the IRS that the interest payable pursuant to this Finance Contract (as incorporated within the schedule of payments) is not excludable from income in accordance with the Internal Revenue Code of 1986, as amended, such as to make GCC and its assigns whole. (h) Except as otherwise provided, this Finance Contract shall be binding upon and inure to the benefit of the Parties hereto and their respective heirs, executors, administrators, legal representatives, successors and assigns, where permitted by this Finance Contract. IN WITNESS WHEREOF, the parties have executed this Finance Contract as of the _____day of _______________ in the year 2013.

Government Capital Corporation ____________________________________________ Authorized Signature 345 Miron Dr. Southlake, TX 76092

Witness Signature_______________________ Print Name ____________________________ Print Title ______________________________

The Issuer: City of Riesel ____________________________________________ Alisha Flanary, City Secretary 104 N Hwy 6 Riesel, TX 76682

Witness Signature_______________________ Print Name ____________________________ Print Title _____________________________

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EXHIBIT A Public Property Finance Act Contract No.6330 (THE "FINANCE CONTRACT")

By And Between Government Capital Corporation and the Issuer, City of Riesel

Dated as of June 25, 2013 QTY DESCRIPTION Personal Property Property Cost: $112,008.60 Payback Period: Ten (10) Semi-Annual Payments

Meter System 440 Neptune T-10 5/8”x3/4” R900i Water Meters One (1) Neptune 3” Tru/Flo Compound R900i Water Meter One (1) Neptune 3” Strainer One (1) Neptune 4” Tru/Flo Compound R900i Water Meter One (1) Neptune 4” Strainer One (1) MRX920 Mobile Data Collector One (1) Neptune ARB N Sight AMI Software PROPERTY LOCATION: City of Riesel – citywide Texas

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EXHIBIT B >> SCHEDULE OF PAYMENTS & EARLY REDEMPTION VALUE <<

Public Property Finance Act Contract No.6330 ("THE FINANCE CONTRACT") BY AND BETWEEN

Government Capital Corporation and the Issuer, City of Riesel Schedule dated as of June 25, 2013

Accepted by the Issuer: ______________________________________ Alisha Flanary, City Secretary

PMT PMT DATE TOTAL INTEREST PRINCIPAL EARLY REDEMPTION VALUE NO. MO. DAY YR PAYMENT PAID PAID after pmt on this line

1 12/15/2013 $12,216.29 $1,745.59 $10,470.70 N/A2 6/15/2014 $12,216.29 $1,646.44 $10,569.85 N/A3 12/15/2014 $12,216.29 $1,475.05 $10,741.24 N/A4 6/15/2015 $12,216.29 $1,300.88 $10,915.41 N/A5 12/15/2015 $12,216.29 $1,123.88 $11,092.41 $59,466.276 6/15/2016 $12,216.29 $944.02 $11,272.27 $47,785.187 12/15/2016 $12,216.29 $761.24 $11,455.05 $35,998.968 6/15/2017 $12,216.29 $575.50 $11,640.79 $24,106.669 12/15/2017 $12,216.29 $386.74 $11,829.55 $12,107.3310 6/15/2018 $12,216.29 $194.96 $12,021.33 $0.00

Grand Totals $122,162.90 $10,154.30 $112,008.60

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INCUMBENCY CERTIFICATE Public Property Finance Act Contract No.6330 (THE "FINANCE CONTRACT")

By And Between Government Capital Corporation and the Issuer, City of Riesel

Dated as of June 25, 2013

I, Roger Fitzpatrick, do hereby certify that I am the duly elected or appointed and acting Mayor, of the City of Riesel, Issuer, a political subdivision or agency of the State of Texas, duly organized and existing under the laws of the State of Texas, that I have custody of the records of such entity, and that, as of the date hereof, the individual(s) named below are the duly elected or appointed officer(s) of such entity holding the office(s) set forth opposite their respective name(s). I further certify that (i) the signature(s) set opposite their respective name(s) and title(s) are their true and authentic signature(s), and (ii) such officers have the authority on behalf of such entity to enter into that certain Public Property Finance Act Contract No.6330, between City of Riesel (the “Issuer”) and Government Capital Corporation (“GCC”).

Name Title Signature Alisha Flanary

City Secretary

________________________________

IN WITNESS WHEREOF, I have duly executed this certificate hereto this _____ day of _________________, 2013. By: ____________________________________________ Roger Fitzpatrick, Mayor

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[to be retyped on letterhead of the Issuer counsel] Government Capital Corporation 345 Miron Dr Southlake, TX 76092 RE: Public Property Finance Act Contract No.6330 I have examined the Public Property Finance Act Contract No.6330 (the "Finance Contract") between the City of Riesel (the "Issuer") and Government Capital Corporation ("GCC"). The Finance Contract provides financing for the purchase by the City of Riesel of certain Property as identified in the Finance Contract and provides that the Issuer shall finance the Property by making Payments as specified in the Public Property Finance Act Contract No.6330. I have also examined other certificates and documents as I have deemed necessary and appropriate under the circumstances. Based upon the foregoing examination, I am of the opinion that:

1. The Issuer is a political subdivision or agency of the State of Texas with the requisite power and authority to incur obligations, the interest on which is exempt from taxation by virtue of Section 103(a) of the Internal Revenue Code of 1986, as amended; 2. The execution, delivery and performance by the Issuer of the Finance Contract have been

duly authorized by all necessary action on the part of the Issuer; and 3. The Finance Contract constitutes a legal, valid and binding obligation of the Issuer

enforceable in accordance with its terms. The opinion expressed above is solely for the benefit of the Issuer, GCC and/or its subsequent successors or assigns. Sincerely, Attorney at Law

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CERTIFICATE OF ACCEPTANCE Public Property Finance Act Contract No.6330 (THE "FINANCE CONTRACT")

By And Between Government Capital Corporation and the Issuer, City of Riesel

Dated as of June 25, 2013

1. ACCEPTANCE: In accordance with the Finance Contract, the Issuer hereby certifies that all of the Property described herein (i) has been received by the Issuer, (ii) has been thoroughly examined and inspected to the complete satisfaction of the Issuer, (iii) had been found by the Issuer to be in good operating order, repair and condition, (iv) has been found to be of the size, design, quality, type and manufacture specified by the Issuer, (v) has been found to be and is wholly suitable for the Issuer's purposes, and (vi) is hereby unconditionally accepted by the Issuer, in the condition received, for all purposes of this Finance Contract, (vii) the Issuer herby authorizes GCC to Pay supplying vendor(s) all available sums due and payable in conjunction with the property described in Exhibit A. By The Issuer: ______________________________________________________ Alisha Flanary, City Secretary For The Issuer: City of Riesel ACCEPTED on this the ______ day of _________________________, 2013.

(*) SIGNATURE REQUIRED ONLY WHEN AN “ESCROW AGREEMENT” IS NOT USED

2. PROPERTY: Meter System, see Exhibit A herein. 3. USE: The primary use of the Property is as follows: (PLEASE FILL OUT PRIMARY USE BELOW)

x___________________________________________________________________ 4. INVOICING: Invoices shall be sent to the following address, including to whose attention invoices should be directed City of Riesel Attn.: Alisha Flanary, City Secretary P. O. Box 249 Riesel, TX 76682

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RESOLUTION # ____________

A RESOLUTION REGARDING A CONTRACT FOR THE PURPOSE OF FINANCING

A "METER SYSTEM”.

WHEREAS, contingent upon the approval of the Attorney of the City of Riesel (the "Issuer"), the Issuer desires to enter into that certain Finance Contract No.6330, by and between the Issuer and Government Capital Corporation ("GCC") for the purpose of financing a “Meter System”. The Issuer desires to designate this Finance Contract as a "qualified tax exempt obligation'' of the Issuer for the purposes of Section 265 (b) (3) of the Internal Revenue Code of 1986, as amended. NOW THEREFORE, BE IT RESOLVED BY THE CITY OF RIESEL:

Section 1. That the Issuer will enter into a Finance Contract with GCC for the purpose of financing a “Meter System”.

Section 2. That the Finance Contract dated as of June 25, 2013, by and between the City of Riesel and GCC is designated by the Issuer as a "qualified tax exempt obligation" for the purposes of Section 265 (b) (3) of the Internal Revenue Code of 1986, as amended.

Section 3. That the Issuer will designate Alisha Flanary, City Secretary, as an authorized signer of the Finance Contract dated as of June 25, 2013, by and between the City of Riesel and GCC. PASSED AND APPROVED by the Board of the City of Riesel in a meeting held on the _____ day of ______________________, 2013. Issuer: City of Riesel Witness Signature ________________________________________

___________________________________

Roger Fitzpatrick, Mayor

Alisha Flanary, City Secretary

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Form 8038-G(Rev. September 2011)

Department of the Treasury Internal Revenue Service

Information Return for Tax-Exempt Governmental Obligations▶ Under Internal Revenue Code section 149(e)

▶ See separate instructions. Caution: If the issue price is under $100,000, use Form 8038-GC.

OMB No. 1545-0720

Part I Reporting Authority If Amended Return, check here ▶1 Issuer’s name 2 Issuer’s employer identification number (EIN)

3a Name of person (other than issuer) with whom the IRS may communicate about this return (see instructions) 3b Telephone number of other person shown on 3a

4 Number and street (or P.O. box if mail is not delivered to street address) Room/suite 5 Report number (For IRS Use Only)

3 6 City, town, or post office, state, and ZIP code 7 Date of issue

8 Name of issue 9 CUSIP number

10a Name and title of officer or other employee of the issuer whom the IRS may call for more information (see instructions)

10b Telephone number of officer or other employee shown on 10a

Part II Type of Issue (enter the issue price). See the instructions and attach schedule.11 Education . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 12 Health and hospital . . . . . . . . . . . . . . . . . . . . . . . . . . 12 13 Transportation . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 14 Public safety . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 15 Environment (including sewage bonds) . . . . . . . . . . . . . . . . . . . . 15 16 Housing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 17 Utilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 18 Other. Describe ▶ 18 19 If obligations are TANs or RANs, check only box 19a . . . . . . . . . . . . . ▶

If obligations are BANs, check only box 19b . . . . . . . . . . . . . . . . ▶

20 If obligations are in the form of a lease or installment sale, check box . . . . . . . . ▶

Part III Description of Obligations. Complete for the entire issue for which this form is being filed.

21

(a) Final maturity date (b) Issue price(c) Stated redemption

price at maturity(d) Weighted

average maturity(e) Yield

$ $ years % Part IV Uses of Proceeds of Bond Issue (including underwriters’ discount)22 Proceeds used for accrued interest . . . . . . . . . . . . . . . . . . . . . 22 23 Issue price of entire issue (enter amount from line 21, column (b)) . . . . . . . . . . . 23 24 Proceeds used for bond issuance costs (including underwriters’ discount) . . 24 25 Proceeds used for credit enhancement . . . . . . . . . . . . 25 26 Proceeds allocated to reasonably required reserve or replacement fund . 26 27 Proceeds used to currently refund prior issues . . . . . . . . . 27 28 Proceeds used to advance refund prior issues . . . . . . . . . 28 29 Total (add lines 24 through 28) . . . . . . . . . . . . . . . . . . . . . . . 29 30 Nonrefunding proceeds of the issue (subtract line 29 from line 23 and enter amount here) . . . 30 Part V Description of Refunded Bonds. Complete this part only for refunding bonds.31 Enter the remaining weighted average maturity of the bonds to be currently refunded . . . . ▶ years32 Enter the remaining weighted average maturity of the bonds to be advance refunded . . . . ▶ years33 Enter the last date on which the refunded bonds will be called (MM/DD/YYYY) . . . . . . ▶

34 Enter the date(s) the refunded bonds were issued ▶ (MM/DD/YYYY)

For Paperwork Reduction Act Notice, see separate instructions. Cat. No. 63773S Form 8038-G (Rev. 9-2011)

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Form 8038-G (Rev. 9-2011) Page 2 Part VI Miscellaneous35 Enter the amount of the state volume cap allocated to the issue under section 141(b)(5) . . . . 35

36 a Enter the amount of gross proceeds invested or to be invested in a guaranteed investment contract (GIC) (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . 36a

b Enter the final maturity date of the GIC ▶

c Enter the name of the GIC provider ▶37 Pooled financings: Enter the amount of the proceeds of this issue that are to be used to make loans

to other governmental units . . . . . . . . . . . . . . . . . . . . . . . . 37 38 a If this issue is a loan made from the proceeds of another tax-exempt issue, check box ▶ and enter the following information:

b Enter the date of the master pool obligation ▶

c Enter the EIN of the issuer of the master pool obligation ▶

d Enter the name of the issuer of the master pool obligation ▶

39 If the issuer has designated the issue under section 265(b)(3)(B)(i)(III) (small issuer exception), check box . . . . ▶

40 If the issuer has elected to pay a penalty in lieu of arbitrage rebate, check box . . . . . . . . . . . . . ▶

41 a If the issuer has identified a hedge, check here ▶ and enter the following information:b Name of hedge provider ▶c Type of hedge ▶d Term of hedge ▶

42 If the issuer has superintegrated the hedge, check box . . . . . . . . . . . . . . . . . . . . . ▶

43 If the issuer has established written procedures to ensure that all nonqualified bonds of this issue are remediated according to the requirements under the Code and Regulations (see instructions), check box . . . . . . . . ▶

44 If the issuer has established written procedures to monitor the requirements of section 148, check box . . . . . ▶

45a If some portion of the proceeds was used to reimburse expenditures, check here ▶ and enter the amountof reimbursement . . . . . . . . . ▶

b Enter the date the official intent was adopted ▶

Signature and Consent

Under penalties of perjury, I declare that I have examined this return and accompanying schedules and statements, and to the best of my knowledge and belief, they are true, correct, and complete. I further declare that I consent to the IRS’s disclosure of the issuer’s return information, as necessary to process this return, to the person that I have authorized above.

Signature of issuer’s authorized representative Date

Type or print name and title

Paid Preparer Use Only

Print/Type preparer’s name Preparer's signature DateCheck if self-employed

PTIN

Firm’s name ▶

Firm's address ▶

Firm's EIN ▶

Phone no.

Form 8038-G (Rev. 9-2011)

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Option 1 $500,000

CITY OF RIESELDEBT SERVICE OPTIONS *

FY OutstandingEnding Debt Service ** Combined Combined Combined Combined Combined Combined30-Sep After Refunding 12 years Debt Service 15 years Debt Service 20 years Debt Service 12 years Debt Service 15 years Debt Service 20 years Debt Service2013 1,225$ 2,250$ 3,475$ 2,438$ 3,663$ 3,375$ 4,600$ -$ 3,475$ -$ 3,663$ -$ 4,600$ 2014 39,325 91,025 130,350 73,519 112,844 69,825 109,150 - 130,350 - 112,844 - 109,150 2015 38,575 89,075 127,650 76,975 115,550 68,475 107,050 2,500 130,150 2,708 118,258 3,542 110,592 2016 42,750 87,125 129,875 75,350 118,100 67,125 109,875 98,950 228,825 81,688 199,788 76,756 186,631 2017 41,850 90,100 131,950 73,725 115,575 70,663 112,513 101,775 233,725 84,981 200,556 75,269 187,781 2018 40,950 88,000 128,950 77,019 117,969 69,088 110,038 99,525 228,475 83,194 201,163 73,781 183,819 2019 40,050 90,825 130,875 75,231 115,281 67,513 107,563 97,275 228,150 86,325 201,606 72,294 179,856 2020 39,150 88,575 127,725 78,363 117,513 65,938 105,088 99,950 227,675 84,375 201,888 75,700 180,788 2021 38,250 91,250 129,500 76,413 114,663 69,250 107,500 97,550 227,050 82,425 197,088 74,000 181,500 2022 42,275 88,850 131,125 74,463 116,738 67,450 109,725 100,075 231,200 85,394 202,131 72,300 182,025 2023 41,225 86,450 127,675 77,431 118,656 65,650 106,875 97,525 225,200 83,281 201,938 75,494 182,369 2024 40,175 88,975 129,150 75,319 115,494 68,738 108,913 99,900 229,050 86,088 201,581 73,581 182,494 2025 39,125 91,350 130,475 78,125 117,250 66,713 105,838 97,200 227,675 83,813 201,063 76,563 182,400 2026 43,000 - 43,000 75,850 118,850 69,575 112,575 99,425 142,425 86,456 205,306 74,438 187,013 2027 41,800 - 41,800 73,575 115,375 67,325 109,125 101,500 143,300 84,019 199,394 72,313 181,438 2028 40,600 - 40,600 76,219 116,819 69,963 110,563 - 40,600 81,581 198,400 75,081 185,644 2029 - - - - 67,488 67,488 - - 84,063 84,063 72,744 140,231 2030 - - - - 69,900 69,900 - - 86,381 86,381 75,300 145,200 2031 - - - - 67,200 67,200 - - - - 72,750 139,950 2032 - - - - 69,388 69,388 - - - - 75,094 144,481 2033 - - - - 66,463 66,463 - - - - 72,331 138,794 2034 - - - - - - - - - - 74,463 74,463 2035 - - - - - - - - - - 71,488 71,488

610,325$ 1,073,850$ 1,684,175$ 1,140,013$ 1,750,338$ 1,367,100$ 1,977,425$ 1,193,150$ 2,877,325$ 1,266,771$ 3,017,108$ 1,485,279$ 3,462,704$

* For illustration purposes the following interest rates are assumed:12 years 3.00%15 years 3.25%20 years 4.25%

** Refunding Scenario assumed $500,000 cash from the City.

Charles Street Project ($900,000) Series 2013 Arsenic Project 2015 ($1 million) Series 2015

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OPTION #1 - $500,000 DOWN
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Option 2 $650,000

CITY OF RIESELDEBT SERVICE OPTIONS *

FY OutstandingEnding Debt Service ** Combined Combined Combined Combined Combined Combined30-Sep After Refunding 12 years Debt Service 15 years Debt Service 20 years Debt Service 12 years Debt Service 15 years Debt Service 20 years Debt Service2013 850$ 2,250$ 3,100$ 2,438$ 3,288$ 3,375$ 4,225$ -$ 3,100$ -$ 3,288$ -$ 4,225$ 2014 29,900 91,025 120,925 73,519 103,419 69,825 99,725 - 120,925 - 103,419 - 99,725 2015 29,300 89,075 118,375 76,975 106,275 68,475 97,775 2,500 120,875 2,708 108,983 3,542 101,317 2016 28,700 87,125 115,825 75,350 104,050 67,125 95,825 98,950 214,775 81,688 185,738 76,756 172,581 2017 28,100 90,100 118,200 73,725 101,825 70,663 98,763 101,775 219,975 84,981 186,806 75,269 174,031 2018 27,500 88,000 115,500 77,019 104,519 69,088 96,588 99,525 215,025 83,194 187,713 73,781 170,369 2019 26,900 90,825 117,725 75,231 102,131 67,513 94,413 97,275 215,000 86,325 188,456 72,294 166,706 2020 26,300 88,575 114,875 78,363 104,663 65,938 92,238 99,950 214,825 84,375 189,038 75,700 167,938 2021 25,700 91,250 116,950 76,413 102,113 69,250 94,950 97,550 214,500 82,425 184,538 74,000 168,950 2022 30,025 88,850 118,875 74,463 104,488 67,450 97,475 100,075 218,950 85,394 189,881 72,300 169,775 2023 29,275 86,450 115,725 77,431 106,706 65,650 94,925 97,525 213,250 83,281 189,988 75,494 170,419 2024 28,525 88,975 117,500 75,319 103,844 68,738 97,263 99,900 217,400 86,088 189,931 73,581 170,844 2025 27,775 91,350 119,125 78,125 105,900 66,713 94,488 97,200 216,325 83,813 189,713 76,563 171,050 2026 27,025 - 27,025 75,850 102,875 69,575 96,600 99,425 126,450 86,456 189,331 74,438 171,038 2027 26,275 - 26,275 73,575 99,850 67,325 93,600 101,500 127,775 84,019 183,869 72,313 165,913 2028 30,450 - 30,450 76,219 106,669 69,963 100,413 - 30,450 81,581 188,250 75,081 175,494 2029 - - - - 67,488 67,488 - - 84,063 84,063 72,744 140,231 2030 - - - - 69,900 69,900 - - 86,381 86,381 75,300 145,200 2031 - - - - 67,200 67,200 - - - - 72,750 139,950 2032 - - - - 69,388 69,388 - - - - 75,094 144,481 2033 - - - - 66,463 66,463 - - - - 72,331 138,794 2034 - - - - - - - - - - 74,463 74,463 2035 - - - - - - - - - - 71,488 71,488

422,600$ 1,073,850$ 1,496,450$ 1,140,013$ 1,562,613$ 1,367,100$ 1,789,700$ 1,193,150$ 2,689,600$ 1,266,771$ 2,829,383$ 1,485,279$ 3,274,979$

* For illustration purposes the following interest rates are assumed:12 years 3.00%15 years 3.25% 20 years 4.25%

** Refunding Scenario assumed $650,000 cash from the City.

Charles Street Project ($900,000) Series 2013 Arsenic Project 2015 ($1 million) Series 2015

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OPTION #2 - $650,000 DOWN
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{02276685.DOC / } - 1 - CERTIFICATE FOR RESOLUTION

CERTIFICATE FOR RESOLUTION STATE OF TEXAS § COUNTY OF McLENNAN § We, the undersigned officers of the City Council of the City of Riesel, Texas, hereby certify as follows: 1. That the City Council of the City of Riesel, Texas (the "City"), convened in regular session on the ___ day of June, 2013, at the regular meeting place thereof, within the City Hall, and the roll was called of the duly constituted officers and members of the City Council, and all of said persons were present, except the following absentee(s): , thus constituting a quorum. Whereupon, among other business, the following was transacted at said meeting: a written

RESOLUTION AUTHORIZING PUBLICATION OF NOTICE OF INTENTION TO ISSUE CITY OF RIESEL, TEXAS, COMBINATION TAX

AND REVENUE CERTIFICATES OF OBLIGATION, SERIES 2013 was duly introduced for the consideration of the City Council and read in full. It was then duly moved and seconded that said Resolution be adopted; and, after due discussion, said motion, carrying with it the adoption of the City Council, prevailed and carried by the following vote: AYES: __ NOES: __ 2. A true, full and correct copy of the aforesaid Resolution adopted at the meeting described in the above and foregoing paragraph is attached to and follows this certificate; that the Resolution has been duly recorded in the official minutes of said meeting; that the above and foregoing paragraph is a true, full and correct excerpt from the official minutes of said meeting pertaining to the adoption of the Resolution; that the persons named in the above and foregoing paragraph are the duly chosen, qualified and acting officers and members of the City Council as indicated therein; that each of the officers and members of the City Council was duly and sufficiently notified officially and personally, in advance, of the date, hour, place and purpose of the aforesaid meeting, and that the Resolution would be introduced and considered for adoption at said meeting, and each of said officers and members consented, in advance, to the holding of said meeting for such purpose; that said meeting was open to the public as required by law; and that public notice of the date, hour, place and subject of said meeting was given as required by Chapter 551 of the Texas Government Code, as amended.

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{02276685.DOC / } - 2 - CERTIFICATE FOR RESOLUTION

SIGNED on the _____ day of June, 2013. _______________________________ ______________________________ City Secretary Mayor (SEAL)

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{02276685.DOC / } - 3 - CERTIFICATE FOR RESOLUTION

RESOLUTION AUTHORIZING PUBLICATION OF NOTICE OF INTENTION TO ISSUE CITY OF RIESEL, TEXAS, COMBINATION TAX AND

REVENUE CERTIFICATES OF OBLIGATION, SERIES 2013 STATE OF TEXAS § COUNTY OF McLENNAN §

WHEREAS, the City Council of the City of Riesel, Texas (the "City"), deems it

advisable to issue Certificates of Obligation of the City in accordance with the notice

hereinafter set forth; therefore

BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF RIESEL, TEXAS:

Section 1. The facts and recitations contained in the preamble of this Resolution

are hereby found and declared to be true and correct.

Section 2. The City Secretary is hereby authorized and directed to cause to be

published in the manner required by law and in substantially the form set forth on

Exhibit "A" (which is expressly made a part hereof), a Notice of Intention to Issue

Certificates of Obligation.

Section 3. The notice set forth in Section 2 above shall be published in English

once a week for two (2) consecutive weeks in a newspaper which is of general

circulation in the City, the date of the first publication to be not less than thirty (30) days

prior to the date set in said notice for the passage of the Ordinance authorizing the

issuance of such Certificates of Obligation.

Section 4. The Mayor, City Secretary, and other officers of the City are hereby

authorized and directed to do any and all things necessary or desirable to carry out the

provisions of this Resolution.

Section 5. The City hereby instructs U.S. Capital Advisors LLC (as Financial

Advisor to the City); Naman, Howell, Smith & Lee, PLLC (as Bond Counsel to the City);

and City Staff to commence work on the issuance of such Certificates of Obligation.

Section 6. This Resolution shall take effect immediately upon its passage.

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{02276685.DOC / } - 4 - CERTIFICATE FOR RESOLUTION

Section 7. That it is hereby officially found and determined that the meeting at

which this Resolution is passed is open to the public as required by law and that public

notice of the time, place and purpose of said meeting was given as required by law.

PASSED AND APPROVED this ____ day of June, 2013.

_____________________________________ Mayor City of Riesel, Texas ATTEST: ________________________________ City Secretary City of Riesel, Texas

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{02276685.DOC / } - 5 - CERTIFICATE FOR RESOLUTION

Exhibit "A"

NOTICE OF INTENTION TO ISSUE CERTIFICATES OF OBLIGATION

NOTICE IS HEREBY GIVEN that the City Council of the City of Riesel, Texas

(the "City"), will meet in the Riesel City Hall, 104 North Highway 6, Riesel, Texas 76682,

at 6:30 p.m. on the 16th day of August, 2013, to adopt an Ordinance and take such other

action as may be deemed necessary to authorize the issuance of the City’s Certificates

of Obligation, payable from City ad valorem taxes and surplus net revenues of the

waterworks and sewer system of the City, in the maximum aggregate principal amount

of $1,200,000, bearing interest at any rate or rates, not to exceed the maximum interest

rate now or hereafter authorized by law, as shall be determined within the discretion of

the City Council, and maturing over a period of years not to exceed forty (40) years from

the date thereof, for the purpose of evidencing the indebtedness of the City for all or any

part of the cost of renovation of existing city streets, and renovation or installation of

water and sewer lines and related water and sewer system improvements; and the cost

of professional services incurred in connection therewith.

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Mullens Park Walking Trail Project

Funded by Texas Parks & Wildlife Trails Grant

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Public Notice to Bidders

The City of Riesel is inviting bids for improvements to Burney Mullens Park located in the 200 Block of Adams St., Riesel, TX 76682.

The improvements are the result of a trail grant received from the Texas Parks & Wildlife Dept. The improvements to be made are a walking path and 2 (two) rest stations, and a drink fountain.

The City of Riesel also requests a second and separate bid for 2(two) additional rest stations. The reason for the separate bid is because the grant received only allowed for 2 rest stations and the City Council wanted two more.

Contractors must be bondable and insurable at the levels required.

The City of Riesel reserves the right to reject any and all bids and to waiver any informality or irregularity.

Bid packages will be available on Monday, April 22nd, 2013 at City Hall, Riesel, TX or at the Associated General Contractors office located at 4500 W. Waco Dr., Waco TX.

Sealed Bids will be accepted beginning April 22nd, 2013.

Bid closing will be at noon on May 3rd, 2013 and will be opened at 12:30 pm that same day.

Bids will be reviewed at Council Work Session on May 7th, 2013 at 6:30 pm.

Bids will be awarded on May 14th, 2013 at the Regular Monthly Council Meeting, at Riesel City Hall, 104 N. Hwy 6, Riesel, TX 76682 beginning at 6:30pm.

For more information, contact Alisha Flanary (254) 896-6501

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INSTRUCTION TO BIDDERS

SUBMISSION AND OPENING OF SEALED BIDS

A. The complete bid shall be submitted in a sealed bid envelope with the bidders name and the phone number clearly PRINTED on the envelope. The envelope must also be clearly marked "Sealed Bid".

B. Bids submitted to City of Riesel shall be received at City of Riesel,

PO Box 249, Riesel, TX 76682 or at 104 N. Highway 6, Riesel, TX up to the date and time shown therein.

C. It is each bidder's sole responsibility to ensure that its bid is received

as stipulated. The bid opening is a public process and the bidder may attend.

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NONCOLLUSION AFFIDAVIT

STATE OF TEXAS ) COUNTY OF MCLENNAN ) __________________________________, of lawful age, being first duly sworn, on oath says, that (s)he is the agent authorized by ________________________________________, the contractor herein, to submit the attached bid to the City of Riesel. Affiant further states that the said contractor has not paid, given or donated or agreed to pay, give or donate to any officer or employee of the City of Riesel any money or thing of value, either directly or indirectly, for special consideration in the letting of a contract. _________________________

signature Subscribed and sworn to me this ______ day of_________________, 20____. _________________________ Notary Public My commission expires: ___________________

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CONSTRUCTION BID FORM

OWNER INFORMATION CONTRACTOR INFORMATIONCITY OF RIESEL Company

PO BOX 249 Name

RIESEL, TX 76682 Address

PHONE: 254.896.6501 City, State ZIP

FAX: 254.896.2404 Phone

EMAIL: [email protected] Email

Project name MULLENS PARK TRAIL PROJECT Completion date

SCOPE OF WORK

NOT INCLUDED

COMPANY PROPOSAL

Submitted by (Company Representative) Date

OWNER ACCEPTANCE

RECEIVED BY (CITY OFFICIAL) Date

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REQUESTING JUNE 30, 2013 COMPLETION DATE
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Page 1 of 2

BID COST SUMMARY

LIST OF MATERIALS AND COSTS CITY IS TAX EXEMPT: 74-1812099Qty. Description Cost Total

Subtotal

Tax rate 0.00%

Tax

Grand total

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USE THIS FORM FOR BIDDING THE WALKING TRAIL AND ONLY 2 REST STATIONS
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Page 1 of 2

BID COST SUMMARY

LIST OF MATERIALS AND COSTS CITY IS TAX EXEMPT: 74-1812099Qty. Description Cost Total

Subtotal

Tax rate 0.00%

Tax

Grand total

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USE THIS FORM FOR BIDDING THE ADDITIONAL TWO REST STATIONS THAT MUST BE FUNDED SEPARATE FROM THE TRAILS GRANT
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Page 2 of 2

BREAKDOWN OF MATERIALS AND COSTS

NOTES

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Specifications for Walking Path

1. Walking Path will be 5’ wide and 4” thick using 3000 psi concrete 2. All corners will be rounded 3. Compacted sand subgrade of 2” below the path. 4. Steel in Walking Path will be #3 (3/8’) rebar on 18” O.C. 5. Walking Path will have 3’ piers drilled ever 12’ and #3 rebar tied into

walking path for stability. Piers will be staggered from one side to the other as indicated in the drawing.

6. Piers will be the same height as the walking path. 7. Walking Path will be set back 7’ from any fence line. 8. Light broom finish, expansion joints every 40’ and contraction joints sawed

every 5’.

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Specification for Rest Station

1. Rest Stations will be on a 17’x 17’, 4’ thick with footings. 2. Steel in slab will be (3/8”) rebar on 18” centers and appropriate rebar in

footings. 3. Rest Station will be steel construction consisting #14 gauge steel tubing for

upright supports and 6” C purlins for framework of shelter. Roof will be #26 gauge Sheet metal that matches the existing shelter.

4. Framework and Tubing will be painted to match existing shelter.

Specification for Water Fountain 1. Water Fountain will be of an ADA design. It will also be of the freeze

resistant design. Actual location of the Water Fountain is TBD. 2. Water supply line will be installed by the City of Riesel prior to the

beginning of construction, which will determine the location of the Water Fountain

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Rest Station17’ x 17’ w/footings

7’

6’5”

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15’

Framework for shelters 6” C Purlins mounted on 14 gauge Steel tubing and 26 gauge green sheetmetal for roof

Rest Stations

17’x17’ Concrete slab

15’

Slab

Rest Station

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5’ wide

12’

Path – 4” thick with 3/8’ rebar on 18” O. C. 2” compacted sand base Piers drilled 3’ deep w/rebar tied into path, 12 ‘ apart staggered

3’ deep

12’

Piers will have rebar tied into the concrete path Piers will be the same level as walking path

Piers

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Page 1

GENERAL FUND REVENUES

2010-2011 2011-2012 2011-2012 2012-2013 ACTUAL BUDGETACTUAL Budget ACTUAL Budget 2012-2013 2013-2014

Sept 30 2011 Sept 30 2012 YEAR TO DATE

1 Sales Tax 220,869 240,000 114,360 50,000 32,668 450002 Mixed Beverage Tax 3,626 3,000 2,485 2,500 1,113 16003 IDA Tax Abatement Sandy Creek 0 0 0 200,000 200,000 1250004 Street Rental (Electric/Garbage/Gas/Phone) 52,781 49,000 183,653 50,000 143,517 500005 Cefco: Sign Lease(1 yr) Parking Lease (10 yr) 6,400 2,000 0 2,000 06 City Hall Rental 240 300 240 300 0 1507 Miscellaneous Income 17,490 1,600 3,162 1,650 320 5008 Property Tax (1/2 NOT Transfered to Water Dept this y 104,621 150,000 150,162 175,000 168,124 1000009 Interest Income 3,949 5,600 4,308 5,000 5,659 6000

10 L.E. Miscellaneous Income 334 150 205 150 320 30011 Court Fine Revenue 578,354 387,475 896,804 600,000 517,083 60000012 Court Time Payment Fee Income 2,974 2,500 0 5,000 3,342 3500

13 Total Revenue 991,640 841,625 1,355,379 1,091,600 1,072,146 932,050

CITY OF RIESEL OPERATING BUDGET - FY 2013-2014

GENERAL FUNDREVENUES

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DEPARTMENT: GENERAL GOVT 2010-2011 2011-2012 2011-2012 2012-2013 ACTUAL BUDGETACTUAL Budget ACTUAL Budget 2012-2013 2013-2014

Sept 30 2011 Sept 30 2012 YEAR TO DATESALARIES AND BENEFITS

1 Salaries 68,926 78,675 55,924 50,500 32,5562 FICA / Med (Payroll Tax) 5,501 5,675 7,000 3,7003 Health Insurance 9,634 10,720 8,480 6,600 5,5294 Retirement 5,333 4,500 2,950 2,700 1,4765 Worker's Comp. Insurance 101 300 465 400 3436 Overtime 3,645 0 8,046 0

TOTAL SALARIES 93,139 99,870 82,865 63,900 39,904SUPPLIES

7 Office Supplies 4,352 3,000 6,950 4,000 3,0078 Postage 778 1,000 682 1,000 4019 Election Supplies 1,215 1,500 533 1,500 1,090

10 Flagpole Supplies 914 2,900 358 1,000 37011 Clothing 68 500 334 500 19912 Miscellaneous 0 100 1,343 100 107

TOTAL SUPPLIES 7,327 9,000 10,200 8,100 5,174SERVICES

13 Utilities 17,817 18,000 21,445 12,000 13,74714 Telephone 5,399 7,000 5,881 7,000 4,33315 Insurance 763 3,000 1,588 3,000 5,78316 Dues (HOT COG & TML) 713 1,000 683 1,000 32617 Publications / Subscriptions 561 1,000 473 1,000 1,10618 Filing Fees 35 200 55 200 019 Credit Card Fees 89 100 48 100 8720 Travel / Training / Mileage (Employee) 808 3,000 3,697 5,000 42121 Travel / Training / Mileage (Council) 0 0 0 5,000 1,13222 Employee & Council Appreciation 523 1,500 500 1,500 51023 Miscellaneous: Memorials 240 100 0 100 024 Audit Fees 2,125 2,500 2,150 2,500 025 CPA 1,250 2,000 7,250 15,000 33,27326 Legal Fees 7,093 7,000 9,996 12,000 5,64127 Appraisal Expense 1,172 1,000 1,625 1,000 1,42928 Property Tax Expense 834 1,000 880 1,500 95529 Water Property Tax (Transfer) 52,131 75,000 74,595 0 030 EMS 6,000 6,000 1,500 0 031 Waco McLennan County Health District Dues 3,044 1,500 0 1,500 1,13332 Community Clean Up 0 1,000 0 0 10533 House Inspections 160 500 0 100 034 Janitorial Services 1,500 3,000 1,275 3,000 375

TOTAL SERVICES 102,254 135,400 133,641 72,500 70,356MAINTENANCE

35 City Hall Repair & Maintenance 19,409 25,000 6,658 50,000 14,10536 Office Equipment & Maintenance 2,182 4,000 2,231 4,000 10,30637 Park Maintenance 0 10,000 2,505 5,000 4,912

TOTAL MAINTENANCE 21,590 39,000 11,394 59,000 29,323CAPITAL OUTLAY

38 Office Furniture 0 500 576 500 1,13839 Server 0 0 0 1,500

TOTAL CAPITAL OUTLAY 0 500 576 2,000 1,138

40 Total Administration Expenditures 224,310 283,770 238,676 205,500 145,895

CITY OF RIESEL OPERATING BUDGET - FY 2013-2014GENERAL EXPENDITURES

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DEPARTMENT: POLICE 2010-2011 2011-2012 2011-2012 2012-2013 ACTUAL BUDGETACTUAL Budget ACTUAL Budget 2012-2013 2013-2014

Sept 30 2011 Sept 30 2012 YEAR TO DATE

SALARIES AND BENEFITS

1 L.E. Salaries 119,949 136,900 119,809 136,900 74,5932 L.E. FICA / Med (Payroll Tax) 9,100 9,525 9,050 9,525 4,8533 L.E. Health Insurance 11,864 13,175 9,358 13,175 5,9684 L.E. Retirement 8,569 6,850 6,850 6,850 3,3915 L.E. Worker's Comp. Insurance 1,743 2,000 2,794 2,000 3,1426 L.E. Overtime 0 0 2,315 0 0

TOAL SALARIES 151,225 168,450 150,176 168,450 91,947Supplies

7 L.E. Office Supplies 1,252 1,500 2,384 1,500 1,4618 L.E. Motor Vehicle Supplies (Gas/Oil) 13,513 12,500 16,410 17,500 5,9699 L.E. Clothing 250 500 457 500 0

10 L.E. Operating Supplies 4,821 5,000 4,979 5,000 1,52111 L.E. Postage 50 300 96 300 2612 L.E. Dog Catching 393 2,000 1,210 2,000 15013 L.E. Miscellaneous: Meals 0 500 18 50014 L.E. Medical Exams 0 500 0 500

L.E. Auto Claim -1,651TOTAL SUPPLIES 20,280 22,800 23,903 27,800 9,127

Services

15 L.E. Utilities 1,815 2,500 3,006 3,50016 L.E. Telephone/Internet 2,721 3,000 6,464 3,00017 L.E. Insurance 4,220 5,800 3,951 5,800 3,01618 L.E. Publications 0 500 0 50019 L.E. Audit Fees 2,125 2,500 2,150 2,50020 L.E. Legal Fees 0 500 0 20,00021 L.E. Voyager 1,256 1,000 2,688 1,500 1,319

L.E. Miscellaneous 981TOTAL SERVICES 12,136 15,800 19,240 36,800 4,335

Maintenance

22 L.E. Motor Vehicle Maintenance (Repairs) 3,501 4,000 5,683 5,000 1,46323 L.E. Equipment Maintenance (Repairs) 0 500 0 500 26624 L.E. Computer Maintenance (Repairs) 435 1,500 721 1,500 1,461

TOTAL MAINTENANCE 3,937 6,000 6,404 7,000 3,190Capital Outlay

25 L.E. Vehicle (Pay Off Feb 2011) 5,085 0 0 026 L.E. Vehicle II (Buy Sept 2011) 0 7,000 40,773 027 L.E. Vehicle III (Buy in 2012-13) 0 0 0 43,000 43,00028 L.E. New Office Equipment & Furniture 0 2,000 962 50029 L.E. New Equipment (Vehicle) 0 15,000 0 15,00030 L.E. New Computer 0 0 0 5,000 1,08131 L.E. New Server 0 0 0 1,500

TOTAL CAPITAL OUTLAY 5,085 24,000 41,735 65,000 44,081

32 Total Police Expenditures 192,662 237,050 241,458 305,050 152,680

CITY OF RIESEL OPERATING BUDGET - FY 2013-2014GENERAL EXPENDITURES

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DEPARTMENT: COURT 2010-2011 2011-2012 2011-2012 2012-2013 ACTUAL BUDGETACTUAL Budget ACTUAL Budget 2012-2013 2013-2014

Sept 30 2011 Sept 30 2012 YEAR TO DATESALARIES AND BENEFITS

1 Court Salaries 29,469 32,375 27,236 55,000 21,7202 Court FICA / Med (Payroll Tax) 2,618 2,375 2,140 4,0003 Court Health Insurance 4,085 4,000 2,741 4,000 8304 Court Retirement 2,124 1,525 1,036 2,500 5845 Court Worker's Comp Insurance 0 200 0 200 06 Court Overtime 4,758 250 735 250 0

TOTAL SALARIES 43,054 40,725 33,888 65,950Supplies

7 Court Office Supplies 733 1,250 1,976 2,000 1,7878 Court Operating Supplies 150 550 825 1,000 4389 Court Computer 180 1000 1,080 1,000 318

10 Court Office Equipment 580 1,500 2,619 2,000 1,17111 Court Postage 719 1,000 773 1,000 69612 Court Clothing 0 250 184 250 013 Court Furniture 0 0 0 850 1,454

TOTAL SUPPLIES 2,362 5,550 7,457 8,100 5,864Services

14 Court Utilities: Internet (Judge) 542 700 708 0 1115 Court Telephone (Judge) 99 150 109 150 3316 Court Travel / Training / Mileage 1,258 3,000 671 3,000 15817 Court Publications / Subscriptions 50 100 236 200 6418 State Court Cost, TP Fee, Unrestrained Child 156,286 155,000 360,362 250,000 191,57119 Omnibase 2,826 4,000 3,408 4,000 1,50620 Prosecutor 3,000 3000 2,500 3,000 2,250

TOTAL SERVICES 164,059 165,950 367,994 260,350 195,593

21 Total Court Expenditures 209,475 212,225 409,339 334,400 201,457

CITY OF RIESEL OPERATING BUDGET - FY 2013-2014GENERAL EXPENDITURES

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DEPARTMENT: STREET & BRIDGE 2010-2011 2011-2012 2011-2012 2012-2013 ACTUAL BUDGETACTUAL Budget ACTUAL Budget 2012-2013 2013-2014

Sept 30 2011 Sept 30 2012 YEAR TO DATESALARIES AND BENEFITS

1 Street Salaries 0 0 0 38,000 22,3942 Street FICA / Med (Payroll Tax) 0 0 0 2,8003 Street Health Insurance 0 0 0 2,200 1,4724 Street Retirement 0 0 0 2,000 1,0105 Street Worker's Comp Insurance 0 0 0 200 06 Street Overtime 0 0 0 0

TOTAL SALARIES 0 0 0 45,200 24,876Supplies

7 Motor Vehicle Supplies (Gas/Oil) - EOY 1,853 2,000 0 3,0008 Operating Supplies (Tools) 777 500 241 1,0009 Maps 88 100 0 250

TOTAL SUPPLIES 2,717 2,600 241 4,250 0Services

10 Utilities (Street Lights) 0 0 0 8,00011 Contract Labor 0 0 1,650 10,000 38212 Medical Expense 94 180 0 200

TOTAL SERVICES 94 180 1,650 18,200 382Maintenance

13 Machinery - EOY 1,204 4,000 177 4,00014 Motor Vehicle Maintenance (Repairs) 213 1000 0 5,00015 Street Maintenance (Street Signs,Trees,Ditches) 2,729 5,000 7,238 10,000 9,84816 Traffic Signs 210 1,000 1,212 1,500

TOTAL MAINTENANCE 4,356 11,000 8,627 20,500 9,848Capital Outlay

17 Vehicle (Utility Truck) - EOY 0 2,800 0 018 Street Repairs 20,491 80,000 25,410 140,000 144,37219 New Machinery (Backhoe) - EOY 992 0 0 0

TOTAL CAPITAL OUTLAY 21,483 82,800 25,410 140,000 144,372

20 Total Street Expenditures 28,651 96,580 35,928 228,150 179,478

GENERAL EXPENDITURES

CITY OF RIESEL OPERATING BUDGET - FY 2013-2014

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DEPARTMENT: FIRE 2010-2011 2011-2012 2011-2012 2012-2013 ACTUAL BUDGETACTUAL Budget ACTUAL Budget 2012-2013 2013-2014

Supplies Sept 30 2011 Sept 30 2012 YEAR TO DATE1 Fire Department Supplies 0 0 120 2,000 1,2242 Fire Department Training 0 0 0 5,000

Services

3 Fire Department Utilities 5,121 12,000 4,756 8,000 2,6584 Fire Department Insurance 0 0 2,146 3,000 2,100

Maintenance

5 Exterminator 0 0 200 500 150

6 Total Fire Department Expenditures 5,121 12,000 7,222 18,500 6,132

TOTAL EXPENDITURES 660,220 841,625 921,567 1,091,600 685,642

EXCESS REVENUE OVER EXPENDITURES 331,420 0 433,812 0 386,504

CITY OF RIESEL OPERATING BUDGET - FY 2013-2014

GENERAL EXPENDITURES

GENERAL EXPENDITURES TOTAL

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SPECIAL REVENUE FUNDS

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2010-2011 2011-2012 2011-2012 2012-2013 ACTUAL BUDGETSECURITY FUND ACTUAL Budget ACTUAL Budget 2012-2013 2013-2014

Sept 30 2011 Sept 30 2012 YEAR TO DATE

1 Security Fee Income 8,334 6,000 11,322 10,0002 Interest Income: Security 272 500 198 500

Total Revenue 8,606 6,500 11,520 10,500

3 Security Fee Expense 1,871 6,500 4,616 10,500

4 Total Expenditures 1,871 6,500 4,616 10,500

5 Excess Revenue over Expenditure 6,735 0 6,904 0

TECHNOLOGY FUND 2010-2011 2011-2012 2011-2012 2012-2013 ACTUAL BUDGETACTUAL Budget ACTUAL Budget 2012-2013 2013-2014

Sept 30 2011 Sept 30 2012 YEAR TO DATE

1 Technology Fee Income 11,088 8,000 15,084 15,0002 Interest Income: Technology 243 300 170 300

Total Revenue 11,331 8,300 15,254 15,300

3 Technology Fee Expense 2,285 8,300 11,040 15,300

4 Total Expenditures 2,285 8,300 11,040 15,300

5 Excess Revenue over Expenditure 9,047 0 4,214 0

POLICE OFFICER ALLOCATION FUND 2010-2011 2011-2012 2011-2012 2012-2013 ACTUAL BUDGETACTUAL Budget ACTUAL Budget 2012-2013 2013-2014

Sept 30 2011 Sept 30 2012 YEAR TO DATE

1 Police Officer Allocation Money 790 800 0 8002 Interest Income 0 0 0 100

Total Revenue 790 800 0 900

3 Police Officer Allocation Training 165 800 669 900

4 Total Expenditures 165 800 669 900

5 Excess Revenue over Expenditure 625 0 (669) 0

CITY OF RIESEL OPERATING BUDGET - FY 2013-2014SPECIAL REVENUE FUNDS

CITY OF RIESEL OPERATING BUDGET - FY 2013-2014

SPECIAL REVENUE FUNDS

SPECIAL REVENUE FUNDS

CITY OF RIESEL OPERATING BUDGET - FY 2013-2014

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CAPITAL PROJECT FUNDS (GENERAL)

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2010-2011 2011-2012 2011-2012 2012-2013 ACTUAL BUDGETMULLENS PARK PROJECT ACTUAL Budget ACTUAL Budget 2012-2013 2013-2014

Sept 30 2011 Sept 30 2012 YEAR TO DATE

1 Beginning Balance 53,036 0 53,325 45,948

2 Grant 0 0 0 0

3 Miscellaneous Income 0 0 30,000 04 Interest Income 487 0 220 200

Total Revenue 53,523 0 83,545 46,148

5 Mullens Park Maintenance 0 0 0 6,1486 Mullens Park Signs 0 0 0 07 Mullens Park Supplies 0 0 0 08 Mullens Park Equipment 0 0 40,795 38,0009 Mullens Park Landscaping 2,000

10 Total Expenditures 0 0 40,795 46,148

Excess Revenue over Expenditure 53,523 0 42,750 0

CHARLES ST. "STREET" IMPROVEMENTS 2010-2011 2011-2012 2011-2012 2012-2013 ACTUAL BUDGETACTUAL Budget ACTUAL Budget 2012-2013 2013-2014

Sept 30 2011 Sept 30 2012 YEAR TO DATE

1 Beginning Balance (Transferred from Money Mkt #6304) 0 0 0 513,916

2 Miscellaneous Income 0 0 0 03 Interest Income 0 0 0 2,600

Total Revenue 0 0 0 516,516

4 Expenditures 0 0 0 516,516

Total Expenditures 0 0 0 516,516

5 Excess Revenue over Expenditure 0 0 0 0

LAW ENFORCEMENT RADIO SYSTEM UPGRADE 2010-2011 2011-2012 2011-2012 2012-2013 ACTUAL BUDGETACTUAL Budget ACTUAL Budget 2012-2013 2013-2014

Sept 30 2011 Sept 30 2012 YEAR TO DATE

1 Beginning Balance (Transfer from General Contingency) 0 0 0 15,0002 Misc. Income (Transfer from General Contingency) 0 0 15,000 10,0003 Interest Income 0 0 0 0

Total Revenue 0 0 15,000 25,000

4 Expenditures 0 0 15,000 25,000

Total Expenditures 0 0 15,000 25,000

5 Excess Revenue over Expenditure 0 0 0 0

CITY OF RIESEL OPERATING BUDGET - FY 2013-2014CAPITAL PROJECT FUNDS (GENERAL)

CITY OF RIESEL OPERATING BUDGET - FY 2013-2014CAPITAL PROJECT FUNDS (GENERAL)

CITY OF RIESEL OPERATING BUDGET - FY 2012-2013CAPITAL PROJECT FUNDS (GENERAL)

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ENTERPRISE FUNDS

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WATER FUND: REVENUES 2010-2011 2011-2012 2011-2012 2012-2013 ACTUAL BUDGETACTUAL Budget ACTUAL Budget 2012-2013 2013-2014

Sept 30 2011 Sept 30 2012 YEAR TO DATE

1 Water Revenue 355,870 324,500 272,936 324,500 235,6832 Garbage Revenue 122,898 115,000 99,412 see below see below3 Property Tax (Transfer) 52,131 75,000 75,496 0 04 MS Water Supply 7,296 7,300 6,080 7,300 5,4725 Interest Income 3,120 3,500 1,357 3,530 2,9606 Miscellaneous Income: Sold Scrap 702 0 4,373 0

Total Revenue 542,016 525,300 459,654 335,330 244,115

CITY OF RIESEL OPERATING BUDGET - FY 2013-2014

ENTERPRISE FUNDSWATER

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WATER FUND: EXPENDITURES

2010-2011 2011-2012 2011-2012 2012-2013 ACTUAL BUDGETACTUAL Budget ACTUAL Budget 2012-2013 2013-2014

Sept 30 2011 Sept 30 2012 YEAR TO DATESalaries & Benefits

1 Salaries 27,964 31,125 26,702 33,900 11,1172 FICA / Med (Payroll Tax) 2,375 2,250 2,007 2,500 8423 Health Insurance 3,201 3,200 2,741 3,200 8114 Retirement 2,092 1,800 1,631 1,800 5525 Worker's Comp. Insurance 899 1,500 1,424 1,5006 Overtime 537 0 1,613 0

TOTAL SALARIES 37,068 39,875 36,118 42,900Supplies

7 Office Supplies 1,281 2,000 862 2,000 4458 Motor Vehicle Supplies (Gas/Oil) - EOY 2,103 3,000 5,101 3,0009 Water Purchased 34,922 35,000 21,172 25,000 23,908

10 Tools 563 1,000 0 1,000 18211 Postage 2,699 2,500 2,315 2,500 1,81112 Miscellaneous 295 100 132 100 65713 Clothing 25 500 172 40014 Operating Supplies 16,707 15,000 12,586 15,000 17,28415 Computer & Printer 0 3,000 0 1,000 1,275

TOTAL SUPPLIES 58,597 62,100 42,340 50,000Services

16 Utilities 20,812 30,000 21,101 30,000 15,92817 Telephone 2,270 4,000 3,014 4,000 3,48318 Insurance 2,439 3,000 2,695 3,000 2,24219 2009 Reserve Fund Bond ($273 per month - life) 0 3,280 0 3,280 12,83920 Water Standards Compliance Reserve Fund (arsenic) 0 1,000 0 1,00021 Mormino Mineral Royalties (.15 per 1000) 2,154 6,500 3,407 5,000 1,41722 RMS Water Loan 35,832 35,850 29,860 35,850 26,87423 Lab 476 1,000 1,987 2,500 2,76924 Chemical Analysis (Health Department) 0 1,000 0 1,00025 Regulatory Fees 2,183 2,000 933 2,000 1,03326 Audit Fees 2,125 2,500 2,150 2,50027 Legal Fees 5,147 2,000 0 2,00028 Garbage 118,892 106,000 94,469 029 Engineer Fees 0 20,000 0 20,000 2,09230 Dues 475 1,000 460 1,000 58031 Publication 358 500 182 500 58032 Travel / Training / Mileage 1,370 1,500 2,498 3,000 1,04433 Permit Fee 250 2,000 250 2,00034 GroundWater Conservation Fee (.02 per 1000) 395 10,000 1,767 5,000 1,74535 Contract Labor 9,400 20,000 5,030 10,000 13,790

TOTAL SERVICES 204,578 253,130 169,803 133,630 86,416Maintenance

36 Motor Vehicle Maintenance (Repairs) - EOY 213 900 1,294 1,50037 Generator (1) 2,025 1,500 0 1,50038 Machinery (Tractor/Backhoe/Shredder) - EOY 781 3,300 1,287 3,300 5,53539 Office Equipment & Maintenance 0 500 0 500 1,45440 Water Maintenance (rrm) 1,917 5,000 800 5,000 10,75141 Storage Tank 30,430 44,695 3,000 30,00042 Water Plant Maintenance 4,832 3,500 6,298 5,000 2,86243 Well Maintenance 0 5,000 8,585 7,500 1,621

TOTAL MAINTENANCE 40,198 64,395 21,264 54,300 22,223

CITY OF RIESEL OPERATING BUDGET - FY 2012-2013ENTERPRISE FUNDS

WATER

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WATER FUND: EXPENDITURES CONT'D 2010-2011 2011-2012 2011-2012 2012-2013 ACTUAL BUDGETACTUAL Budget ACTUAL Budget 2012-2013 2013-2014

Sept 30 2011 Sept 30 2012 YEAR TO DATEBond Debt

45 Old Bond Debt - Principal & Interest 19,066 20,000 19,697 20,00046 New Bond Debt - Principal & Interest 32,843 33,000 19,849 33,000

TOTAL BOND DEBT 51,909 53,000 39,546 53,000Capital Outlay

47 Water Line Replacement 2,590 50,000 0 0 048 New Vehicle (Utility Truck) - EOY 0 2,800 0 049 New Machinery (Backhoe) - EOY 992 0 0 050 New Server 0 0 0 1,500

CAPTIAL OUTLAY 3,582 52,800 0 1,500

TOTAL EXPENDITURES 395,931 525,300 309,071 335,330 108,639

Excess Revenue over Expenditure 146,085 0 150,583 0 135,476

SANITATION 2010-2011 2011-2012 2011-2012 2012-2013 ACTUAL BUDGETACTUAL Budget ACTUAL Budget 2012-2013 2013-2014

Sept 30 2011 Sept 30 2012 YEAR TO DATE

1 Garbage Revenue 0 0 0 115,000 84,109

Total Revenue 0 0 0 115,000 84,109

2 Garbage Expenditure 0 0 0 115,000 89,948

4 Total Expenditures 0 0 0 115,000 89,948

5 Excess Revenue over Expenditure 0 0 0 0 -5,839

CITY OF RIESEL OPERATING BUDGET - FY 2013-2014

WATER EXPENDITURES TOTAL

SPECIAL REVENUE FUNDS

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CAPITAL PROJECT FUNDS (WATER)

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RATTLESNAKE WELL PROJECT 2010-2011 2011-2012 2011-2012 2012-2013 ACTUAL BUDGETACTUAL Budget ACTUAL Budget 2012-2013 2013-2014

Sept 30 2011 Sept 30 2012 YEAR TO DATE

Grant - USDA (Guaranteed) 186,360 0 0 0

Total Revenue 186,360 0 0 0

Capital Outlay2 Engineer Fees 6,819 0 0 03 Legal Fees 510 0 0 04 Postage 3 0 0 05 Phase I - Water Well 5,602 0 0 06 Phase II - Storage Tank, Cooling Tower, Lines, etc. 168,710 0 0 0

7 Total Expenditures 181,644 0 0 0

8 Excess Revenue over Expenditure 4,716 0 0 0

ARSENIC REDUCTION PROJECT 2010-2011 2011-2012 2011-2012 2012-2013 ACTUAL BUDGETACTUAL Budget ACTUAL Budget 2012-2013 2013-2014

Sept 30 2011 Sept 30 2012 YEAR TO DATE

1 Beginning Balance 0 0 17,056 34,466

2 Misc. Income (Transfer from Water Contingency) 0 0 33,000 125,0003 Interest Income 0 0 152 1,000

4 Total Revenue 0 0 50,208 160,466

5 Lab 0 0 741 1,4666 Engineer Fees 0 0 15,000 50,0007 Pilot Study 0 109,000

8 Total Expenditures 0 0 15,741 160,466

9 Excess Revenue over Expenditure 0 0 34,467 0

CHARLES ST. WATER LINE REPLACEMENT PROJECT 2010-2011 2011-2012 2011-2012 2012-2013 ACTUAL BUDGETACTUAL Budget ACTUAL Budget 2012-2013 2013-2014

Sept 30 2011 Sept 30 2012 YEAR TO DATE

1 Beginning Balance 0 0 0 50,242

2 Misc. Income (Transfer from Water Contingency) 0 0 50,000 100,0003 Interest Income 0 0 242 1,000

4 Total Revenue 0 0 50,242 151,242

5 Expenditures 0 0 0 151,242

6 Total Expenditures 0 0 0 151,242

7 Excess Revenue over Expenditure 0 0 50,242 0

CITY OF RIESEL OPERATING BUDGET - FY 2013-2014

CITY OF RIESEL OPERATING BUDGET - FY 2013-2014CAPITAL PROJECT FUNDS (WATER)

CAPITAL PROJECT FUNDS (WATER)

CITY OF RIESEL OPERATING BUDGET - FY 2013-2014CAPITAL PROJECT FUNDS (WATER)

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SEWER FUND: REVENUE 2010-2011 2011-2012 2011-2012 2012-2013 ACTUAL BUDGETACTUAL Budget ACTUAL Budget 2012-2013 2013-2014

Sept 30 2011 Sept 30 2012 YEAR TO DATE

1 Sewer Revenue 125,918 140,000 103,104 140,000 82,5012 Interest Income 690 1,000 420 2,000 8923 WW Crop Income 4,656 0 0 04 Miscellanous Income 0 0 24,574 0

5 Total Revenue 131,264 141,000 128,098 142,000 83,393

SEWER

CITY OF RIESEL OPERATING BUDGET - FY 2013-2014ENTERPRISE FUNDS

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SEWER FUND: EXPENDITURES 2010-2011 2011-2012 2011-2012 2012-2013 ACTUAL BUDGETACTUAL Budget ACTUAL Budget 2012-2013 2013-2014

Sept 30 2011 Sept 30 2012 YEAR TO DATESalaries and Benefits

1 Salaries 14,564 17,575 14,881 19,000 11,1172 FICA Med (Payroll Tax) 1,250 1,275 1,047 1,400 8433 Health Insurance 1,067 1,050 914 1,050 8694 Retirement 1,094 1,025 858 1,025 5525 Worker's Comp. Insurance (111) 500 712 5006 Overtime 425 0 0 07 TOTAL SALARIES 18,288 21,425 18,412 22,975

Supplies8 Office Supplies 6 75 315 759 Operating Supplies 13,366 7,000 12,328 10,000 3,721

10 Motor Vehicle Supplies (Gas/Oil) - EOY 2,103 2,000 0 3,00011 Agricultural Supplies (WW Crop) 7,204 0 508 012 Tools 323 500 488 50013 Postage 0 50 6 5014 Medical 122 250 0 250

TOTAL SUPPLIES 23,125 9,875 13,645 13,875Services

15 Utilities 11,567 12,000 9,130 12,000 8,69916 Telephone 1,015 1,000 819 1,00017 Insurance 1,258 1,500 2,190 1,500 2,00018 Dues 0 150 0 15019 Travel / Training / Mileage 568 600 111 60020 Lab 3,556 2,250 2,194 2,250 1,98021 Regulatory Fees 0 1,250 1,250 1,250 1,25022 Legal Fees 0 500 380 50023 Audit Fees 2,125 2,250 2,150 2,25024 1999 Reserve Fund Bond (Sept) 2,700 2,700 0 2,700 55225 Engineer Fees 0 20,000 0 5,00026 Permit Renewal (Every 2 Years) 0 5,000 0 5,00027 TCEQ Citation 0 2,000 0 2,00028 Publications 36 100 0 10029 Contract Labor 5,568 5,000 3,850 5,000 1,375

Miscellaneous 0 3,24430 TOTAL SERVICES 28,393 56,300 22,074 41,300 15,856

Maintenance31 Motor Vehicle Maintenance (Repairs) - EOY 213 900 0 1,50032 Generators (3) 3,561 3,000 499 3,000 45233 Machinery (Tractor/Backhoe/Shredder) - EOY 773 2,100 0 2,10035 Building Maintenance 1,600 2,000 0 2,00036 Plant Maintenance 128 0 1,551 2,000 2,48037 Sewer Maintenance (rrm) 8,139 5,000 11,593 12,000 5,43538 Office Equipment & Maintenance 0 100 0 10039 Lift Station 9,385 5,000 3,243 5,000 9,64940 Pump Station 0 500 1,050 1,00041 RPZ Tests 0 0 570 60042 TOTAL MAINTENANCE 23,799 18,600 18,506 29,300 18,016

Bond Debt

43 New Bond Debt - Principal & Interest 26,998 27,000 26,665 27,000Capital Outlay

44 Sewer Line Replacement 4,946 5,000 0 7,55045 Vehicle (Utility Truck) - EOY 0 2,800 0 046 New Machinery (Backhoe) - EOY 992 0 0 047 TOTAL CAPITAL OUTLAY 5,938 7,800 0 7,550 0

Total Expenditures 126,540 141,000 99,302 142,000 33,872

Excess Revenue over Expenditure 4,724 0 28,796 0 49,521

SEWER EXPENDITURES TOTAL

SEWER

CITY OF RIESEL OPERATING BUDGET - FY 2013-2014ENTERPRISE FUNDS

Page 60: PUBLIC PROPERTY FINANCE ACT CONTRACT · Public Property Finance Act Contract for Cities & Counties 1 PUBLIC PROPERTY FINANCE ACT CONTRACT THIS Public Property Finance Act Contract

Page 20

CAPITAL IMPROVEMENT FUNDS (SEWER)

Page 61: PUBLIC PROPERTY FINANCE ACT CONTRACT · Public Property Finance Act Contract for Cities & Counties 1 PUBLIC PROPERTY FINANCE ACT CONTRACT THIS Public Property Finance Act Contract

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SEWER AERATOR (RACETRACK) 2010-2011 2011-2012 2011-2012 2012-2013 ACTUAL BUDGETACTUAL Budget ACTUAL Budget 2012-2013 2013-2014

Sept 30 2011 Sept 30 2012 YEAR TO DATE

1 Beginning Balance 0 0 0 0

2 Misc. Income (Transfer from Sewer Contingency) 0 0 0 25,0003 Interest Income 0 0 0 0

4 Total Revenue 0 0 0 25,000

5 Expenditures 0 0 0 25,000

6 Total Expenditures 0 0 0 25,000

7 Excess Revenue over Expenditure 0 0 0 0

CHARLES ST SEWER LINE REPLACEMENT PROJECT 2010-2011 2011-2012 2011-2012 2012-2013 ACTUAL BUDGETACTUAL Budget ACTUAL Budget 2012-2013 2013-2014

Sept 30 2011 Sept 30 2012 YEAR TO DATE

1 Beginning Balance 0 0 50,003 150,7602 Miscellaneous Income 0 0 100,000 03 Interest Income 0 0 757 1,000

4 Total Revenue 0 0 150,760 151,760

5 Expenditures 0 0 0 151,760

6 Total Expenditures 0 0 0 151,760

7 Excess Revenue over Expenditure 0 0 150,760 0

CITY OF RIESEL OPERATING BUDGET - FY 2013-2014CAPITAL PROJECT FUNDS (WATER)

CITY OF RIESEL OPERATING BUDGET - FY 2013-2014CAPITAL PROJECT FUNDS (WATER)


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