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The Texas Water Development Board met July 2 for a public meeting to consider their posted agenda.
 
Briefing, discussion and consider selecting a firm to serve as trustee under the trust and bond indentures for the State Water Implementation Revenue Fund for Texas (SWIRFT) bonds; and authorizing the Executive Administrator to negotiate and enter into all necessary contracts and agreements for these services. (Amanda Landry, CFO, TWDB)

  • TWDB staff recommends Bank of New York Mellon to serve as trustee
  • The board adopts the recommendation

 
Briefing and discussion on the Bond Sale Results for State of Texas, General Obligation Water Financial Assistance Bonds Series 2015E Economically Distressed Areas Program ($43,715,000), 2015F ($37,790,000) and 2015G Taxable ($11,415,000). (Amanda Landry, CFO, TWDB)

  • No action requested on this item
  • $92.2 million in bonds were issued and have a true interest cost of 2.97%
  • 2015E bonds had available legislative appropriations to accelerate amortization
  • 2015F bonds amortization was changed to a 10 year period
  • 2015G bonds shortened amortization to a 9 year period

 
Consider approving by resolution the establishment of a taxable lending rate scale for the Texas Water Development Fund II (DFund II) Water Financial Assistance Account to be used for the sole purpose of providing a portion of the funds committed for the San Jacinto River Authority's Highlands System Improvements project. (David Duran, Financial Analyst, TWDB)

  • Link to presentation
  • TWDB made commitment to SJRA to provide a $29,000,000 loan that will be funded through a combination of $21,000,000 from on hand funds and $8,000,000 of funds from the sale of new taxable bonds
  • Lending rate for the Project will be a blended rate utilizing the existing taxable rate for DFund II and the rate for new bonds
  • Based upon blending of the  previously adopted DFund II taxable lending rate and the new rate of 2015G bonds, the proposed lending rate for the SJRA loan is 3.93%
  • The Executive Administrator recommends approval by resolution of the taxable lending rate scale for the Project to be effective immediately
  • The board adopts the recommendation

 
Consider approving by resolution the establishment of a new tax-exempt lending rate scale for the Texas Water Development Fund II Economically Distressed Areas Program Account. (David Duran, Financial Analyst, TWDB)

  • Link to presentation
  • The True Interest Cost on Series 2015E is 3.1333%
  • Approximately four basis points were added to the interest cost to cover costs of issuance, bringing the proposed rate to 3.18%; this proposed rate represents 16 basis point increase from the prior rate of 3.02%
  • The Executive Administrator recommends approval by resolution of the ne EDAP Tax-Exempt lending rate scale to be effective immediately
  • The board adopts the recommendation

 
Consider approving by resolution a request from the City of Anton (Hockley County) for a $3,000,000 loan from the Texas Water Development Fund to finance planning, acquisition, design, and construction of a wastewater treatment plant and water system improvements. (Lee Huntoon, Executive Administrator Staff)

  • Link to presentation
  • The Executive Administrator recommends approval of the project funding request
  • The board adopts the recommendation

 
Consider affirming by resolution the commitments to provide financial assistance from the Drinking Water State Revolving Fund to the Greater Texoma Utility Authority on behalf of the City of Van Alstyne (Grayson County) made in TWDB Resolution Nos. 14-38 and 15-007, and concurring in the Executive Administrator's environmental finding. (Kathy Calnan, Executive Administrator Staff)

  • Link to presentation
  • The Executive Administrator recommends approval of the project funding request
  • The board adopts the recommendation

 
Consider authorizing the Executive Administrator to negotiate and execute contracts on or before October 14, 2015 in a total amount not to exceed $900,000 for solicited grant applications for Flood Protection Planning; and transfer funds from the Water Assistance Fund to the Research and Planning Fund. (Gilbert Ward, Executive Administrator Staff)

  • Link to presentation
  • 12 applications were received for a total requested funding of $2,037,859
  • The Executive Administrator recommends authorization to negotiate and execute contracts on or before October 14, 2015 not to exceed $900,000 for solicited Flood Protection Planning grant applications as follows: BRA for $275,234; City of Hurst for $61,500; Guadalupe-Blanco Authority for $162,700; City of Georgetown for $332,500 and City of Waco for $68,066
  • The board adopts the recommendation

 
Consider amending the 2012 State Water Plan to incorporate amendments to the 2011 Region C Regional Water Plan relating to the revision of recommended water management strategies for municipal conservation and to incorporate an alternative water management strategy substitution made in the 2011 Region L Regional Water Plan relating to GBRA's Lower Basin Storage Project. (Matt Nelson)

  • Link to presentation
  • The amendment to the 2012 State Water Plan being recommended is to incorporate the amendments to the 2011 Region C Regional Water Plan were approved by the board on May 29, 2015 and the strategy substitution in the 2011 Region L Regional Water Plan approved by the EA on November 3, 2014
  • The Executive Administrator recommends approval of this item
  • The board adopts the recommendation