harris county municipal utility district no. 416 notice … · 2020. 12. 1. · notice of public...

91416-002 502091v1

HARRIS COUNTY MUNICIPAL UTILITY DISTRICT NO. 416

NOTICE OF PUBLIC MEETING

Notice is hereby given to all interested parties that the board of directors of Harris County Municipal Utility District No. 416 will hold a public at 2727 Allen Parkway, Suite 1100, Houston, Harris County, Texas 77019.

The meeting will be held at 11:00 a.m. on Tuesday, December 1, 2020.

The items of business to be considered and transacted at said meeting are as follows:

1. Public comments

2. Minutes of Board of Directors Meeting(s)

3. Security Matters

4. Bookkeeper’s Report; Checks and Invoices; Investment of District Funds; Review Draft General Fund Budget; Depository Pledge Agreement(s)

5. Tax Assessor-Collector’s Report; Invoices and Checks; Delinquent Tax Collections; Investment of District Funds; Tax Rate; Tax Exemptions

6. Developer’s Report

7. Engineer’s Report; Design of Facilities; Advertisement for Bids; Construction Contract(s), Pay Estimate(s) and Change Order(s); Annexation of Land; Permit Matters; Proposal(s); Agreement(s) for Maintenance of Facilities; Application for Sale of Bonds; Utility Easements; Inspection of Drainage Facilities

8. Resolution for Adoption of Order Adopting Policy for Installation of Driveway Culverts and Establishing Penalty for Violation of Policy

9. Conveyance of Facilities

10. Eminent Domain Report

11. Pending Business

____________________________________J. Davis Bonham, Jr., Attorney for District

1

GENERAL

FUND

CAPITAL

PROJECTS

FUND

CAPITAL

PROJECTS

FUND - ROAD

DEBT SERVICE

FUND

DEBT SERVICE

FUND - ROAD

BALANCE,

OCTOBER 31, 2020 $72,419.63 $0.00 ($400.00) $0.00 $0.00

RECEIPTS 7.26 0.00 0.00 0.00 0.00

DISBURSEMENTS (12,254.20) 0.00 (4,000.00) 0.00 0.00

INVEST PROCEEDS 0.00 0.00 4,400.00 0.00 0.00

INVEST PURCHASES (4,400.00) 0.00 0.00 0.00 0.00

TRANSFERS 0.00 0.00 0.00 0.00 0.00

BALANCE,

NOVEMBER 30, 2020 55,772.69 0.00 0.00 0.00 0.00

CURRENT MONTH ACTIVITY

RECEIPTS 0.00 0.00 0.00 0.00 0.00

DISBURSEMENTS (21,476.65) 0.00 0.00 0.00 0.00

INVEST PROCEEDS 0.00 0.00 0.00 0.00 0.00

INVEST PURCHASES 0.00 0.00 0.00 0.00 0.00

TRANSFERS 0.00 0.00 0.00 0.00 0.00

CURRENT CASH BALANCE 34,296.04 0.00 0.00 0.00 0.00

CURRENT INVESTMENTS 285,466.37 694,149.46 263,438.14 263,082.94 83,089.15

CASH BALANCE,

DECEMBER 1, 2020 $319,762.41 $694,149.46 $263,438.14 $263,082.94 $83,089.15

HARRIS COUNTY MUNICIPAL UTILITY DISTRICT NO. 416SUMMARY OF CASH TRANSACTIONS

FOR THE PERIOD NOVEMBER 1, 2020 - DECEMBER 1, 2020

(Unaudited)

F MATUSKA INC 4151 SOUTHWEST FREEWAY SUITE 515 HOUSTON TEXAS 77027

PHONE 281-859-8779 FAX 281-859-8556 [email protected]

2

Date Number Vendor / Customer Name Description Receipts Disbursements

GENERAL FUND

11/3/20 1671 EDMINSTER HINSHAW RUSS & ASSOC DISTR ADMIN THRU 10/19 2,241.00

11/3/20 1672 FMATUSKA INC OCTOBER 2020 1,050.85

11/3/20 1673 SMITH MURDAUGH LITTLE & BONHAM LEGAL THRU 9/30 6,755.09

11/3/20 1674 STORMWATER SOLUTIONS, LP AUG-SEP 2020 1,200.00

11/3/20 1676 THOMAS A. COOK DIR FEE, EXP: 10/6 121.77

11/3/20 1677 CHRISTOPHER C. HUGHES DIR FEE, EXP: 10/6 178.77

11/3/20 1678 RICK G. GODWIN DIR FEE, EXP: 10/6 178.77

11/3/20 1679 WILLIAM L. SHAPPLY DIR FEE, EXP: 10/6 178.77

11/3/20 1680 REED TINSLEY DIR FEE, EXP: 10/6 178.77

11/3/20 1681 COLEMAN MABRY FISH FEEDING 163.15

10/1/20 J4-2 BBVA INTEREST 7.26

10/15/20 J4-3 BBVA SC 7.26

TOTAL - GENERAL FUND 7.26 12,254.20

CAPITAL PROJECTS FUND

TOTAL - CAPITAL PROJECTS FUND 0.00 0.00

CAPITAL PROJECTS FUND - ROAD

11/3/20 1675 EDMINSTER HINSHAW RUSS & ASSOC CPF SER 2020 ROAD 4,000.00

TOTAL - CAPITAL PROJECTS FUND - ROAD 0.00 4,000.00

DEBT SERVICE FUND

TOTAL - DEBT SERVICE FUND 0.00 0.00

DEBT SERVICE FUND - ROAD

TOTAL - DEBT SERVICE FUND - ROAD 0.00 0.00

HARRIS COUNTY MUNICIPAL UTILITY DISTRICT NO. 416CASH TRANSACTIONS

FOR THE MONTH ENDED NOVEMBER 30, 2020(Unaudited)

2

3

Date Number Vendor / Customer Name Description Receipts Disbursements

GENERAL FUND

12/1/20 1685 WILLIAM L. SHAPPLY DIR FEE, EXP: 11/3 178.77

12/1/20 1687 EDMINSTER HINSHAW RUSS & ASSOC DIST ADMIN THRU 11/16 4,716.61

12/1/20 1688 MCCALL GIBSON SWEDLUND BARFOOT FYE 6/30/20 AUDIT 3,000.00

12/1/20 1689 SMITH MURDAUGH LITTLE & BONHAM LEGAL THRU 10/31 10,616.51

12/1/20 1690 STORMWATER SOLUTIONS, LP OCT 2020 600.00

12/1/20 1691 FMATUSKA INC NOVEMBER 2020 1,031.68

12/1/20 1692 ASSOCIATION OF WATER BOARD DIRECTORS2021 ANNUAL DUES 675.00

12/1/20 1693 THOMAS A. COOK DIR FEE, EXP: 11/3 121.77

12/1/20 1694 RICK G. GODWIN DIR FEE, EXP: 11/3 178.77

12/1/20 1695 CHRISTOPHER C. HUGHES DIR FEE, EXP: 11/3 178.77

12/1/20 1696 REED TINSLEY DIR FEE, EXP: 11/3 178.77

TOTAL - GENERAL FUND 0.00 21,476.65


TOTAL - CAPITAL PROJECTS FUND 0.00 0.00


TOTAL - CAPITAL PROJECTS FUND - ROAD 0.00 0.00

DEBT SERVICE FUND

TOTAL - DEBT SERVICE FUND 0.00 0.00


TOTAL - DEBT SERVICE FUND - ROAD 0.00 0.00

HARRIS COUNTY MUNICIPAL UTILITY DISTRICT NO. 416CASH TRANSACTIONS

FOR THE PERIOD ENDED DECEMBER 1, 2020(Unaudited)

3

4

Bank Account # Rate Purchase Date Maturity Date Amount

GENERAL FUND

TEXPOOL *00006 0.1335% 285,466.37

TOTAL GENERAL FUND INVESTMENTS $285,466.37


TEXPOOL *00002 0.1335% 694,149.46

TOTAL CAPITAL PROJECTS FUND INVESTMENTS $694,149.46


TEXPOOL *00004 0.1335% 263,438.14

TOTAL CAPITAL PROJECTS FUND - ROAD INVESTMENTS $263,438.14

DEBT SERVICE FUND

TEXPOOL *00003 0.1335% 263,082.94

TOTAL DEBT SERVICE FUND INVESTMENTS $263,082.94


TEXPOOL *00005 0.1335% 83,089.15

TOTAL DEBT SERVICE FUND - ROAD INVESTMENTS $83,089.15

PAID PAID PAID PAID

1-Mar-19 1-Sep-19 1-Mar-20 1-Sep-20 1-Mar-21 1-Sep-21

SERIES 2012 (AMEGY)

PRINCIPAL 115,000.00 120,000.00 125,000.00

INTEREST 81,627.50 81,627.50 80,477.50 80,477.50 79,187.50 79,187.50

SERIES 2013 (BANK OF NY)

PRINCIPAL 110,000.00 115,000.00 120,000.00

INTEREST 86,265.00 86,265.00 85,302.50 85,302.50 84,152.50 84,152.50

SERIES 2020A PARK (BANK OF NY)

PRINCIPAL 65,000.00 65,000.00

INTEREST 38,234.38 45,881.25 45,881.25 44,256.25 44,256.25

167,892.50 431,126.88 211,661.25 511,661.25 207,596.25 517,596.25

ANNUAL REQUIREMENT 2019 599,019.38 2020 723,322.50 2021 725,192.50

1-Mar-21 1-Sep-21

SERIES 2020B REF ROAD (BANK OF NY)

PRINCIPAL

INTEREST 24,091.67 20,650.00

24,091.67 20,650.00

ANNUAL REQUIREMENT 2021 44,741.67

SCHEDULE OF DEBT SERVICE PAYMENTS ROAD

SCHEDULE OF DEBT SERVICE PAYMENTS

HARRIS COUNTY MUNICIPAL UTILITY DISTRICT NO. 416SUMMARY OF INVESTMENTS

DECEMBER 1, 2020(Unaudited)

4

5

Current

Period

Actual Actual Budget Variance Budget Variance

REVENUES

MAINTENANCE TAX REVENUE 0.00$ 1,319.15$ 0.00$ 1,319.15$ 249,900.00$ 248,580.85)($

INTEREST ON TEMP INVESTMENTS 39.50 191.36 100.00 91.36 300.00 (108.64)

MISCELLANEOUS REVENUE 0.00 35,000.00 0.00 35,000.00 0.00 35,000.00

TOTAL REVENUES 39.50 36,510.51 100.00 36,410.51 250,200.00 (213,689.49)

EXPENDITURES

DIRECTOR FEES 750.00 2,550.00 3,000.00 (450.00) 9,000.00 (6,450.00)

LEGAL FEES-GENERAL 10,616.51 25,371.73 21,665.00 3,706.73 65,000.00 (39,628.27)

AUDITING FEES 3,000.00 13,000.00 10,000.00 3,000.00 12,500.00 500.00

ENGINEERING FEES-GENERAL 6,957.61 15,578.36 6,665.00 8,913.36 20,000.00 (4,421.64)

ELECTION EXPENSES 0.00 0.00 2,000.00 (2,000.00) 5,000.00 (5,000.00)

PERMIT FEES 0.00 0.00 335.00 (335.00) 1,000.00 (1,000.00)

PAYROLL TAXES 57.40 195.13 235.00 (39.87) 700.00 (504.87)

BOOKKEEPING FEES 950.00 4,200.00 4,000.00 200.00 12,000.00 (7,800.00)

LEGAL NOTICES 0.00 0.00 165.00 (165.00) 500.00 (500.00)

PRINTING & OFFICE SUPPLIES 108.11 454.06 400.00 54.06 1,200.00 (745.94)

INSURANCE 0.00 0.00 0.00 0.00 3,880.00 (3,880.00)

TRAVEL & EXPENSES 80.50 322.00 400.00 (78.00) 2,500.00 (2,178.00)

OTHER EXPENSES 0.00 0.00 1,665.00 (1,665.00) 5,000.00 (5,000.00)

DUES 0.00 0.00 0.00 0.00 675.00 (675.00)

DRAINAGE FACILITY MAINTENANCE 0.00 0.00 11,900.00 (11,900.00) 35,700.00 (35,700.00)

WQ FEATURE MAINTENANCE 600.00 2,400.00 3,675.00 (1,275.00) 11,020.00 (8,620.00)

TOTAL EXPENDITURES 23,120.13 64,071.28 66,105.00 (2,033.72) 185,675.00 (121,603.72)

EXCESS REVENUES (EXPENDITURES) 23,080.63)($ 27,560.77)($ 66,005.00)($ 38,444.23$ 64,525.00$ 92,085.77)($

6/30/2021 FYE

----------- Year To Date ---------

HARRIS COUNTY MUNICIPAL UTILITY DISTRICT NO. 416STATEMENT OF REVENUES AND EXPENDITURES

GENERAL FUND, ACTUAL AND BUDGET

FOR THE ONE AND FOUR MONTHS ENDED OCTOBER 31, 2020(Unaudited)

--------- Annual ---------

5

6

TAX COLLECTOR'S OATH

H(Xrn6> Couri^ fV^^p4+<-|lb }

STATE OF TEXAS

COUNTY OF H-A.rrj.S }

BOB LEAKED, BEING duly sworn, states that he is the Tax Collector for the abovenamed taxing unit and that the foregoing contains a true and correct report,

accounting for all taxes collected on behalf of said taxing unit during the month.

therein stated.

\^ ^s ^u<'B^L^AKgy

SWORN TO AND SUBSCRIBED BEFORE ME, this [^ day ofP^.,€mW,2020.

^MjLiMLj t^wiMk^NOTARY PUBLIC, STATE OF TEXAS

(SEAL):{F^^. Dt:BRA Mlcr!(:LLE GU&RHERQ Il!-iy'L.A^:?^N01a['y public' si:r)l:':i one';asj

11-^y. ^"v\ .^ Comm. Expires 04-'t 0-2022 |

n "'%:r^;':?' Mmarv ID 11-I 79075 |-:,V'^;;y'' Mo'i.ary ID

Submitted to Taxing Unit's Governing Body on

7

HARRIS COUNTY MUD #416TAX ASSESSOR/COLLECTOR'S REPORT

11/30/2020

Taxes Receivable: 8/31/2020

Reserve for Uncollectables

Adjustments

Original 2020 Tax Levy $

Adjustments

Total Taxes Receivable

Prior Years Taxes Collected $

2020 Taxes Collected ( 2.6%)

Taxes Receivable at: 11/30/2020

2020 Receivables:

Debt Service

Maintenance

$

(

3,

920,

165,

549

021

936

.58

.00)

.00

.31

.52

$_ 3,

1.085.

549.

957.

50.

83_

3.26

28,535.32

756,463.78

300,958.73

$ 1,089/507.41

28,538.58

$ 1,060,968.83

bob leared interests

11111 Katy Freeway, Suite 725Houston, Texas 77079-2197

Phone: (713) 932-9011Fax: (713) 932-1150

8

HARRIS COUNTY MUD #416

Beginning Cash Balance

Month of11/2020

16,488.92

Fiscal to Date7/01/2020 - 11/30/2020

37,383.09

Receipts:

Current & Prior Years TaxesPenalty & InterestAdditional Collection PenaltyTax CertificatesRefund - due to adjustments

TOTAL RECEIPTS

28,501.02

34.30

28,535.32

28,

28,

510.06.48

.74340.0034.30

885.58

Disbursements:

CAD Quarterly AssessmentPublications, Legal NoticeTransfer to Debt Service FundTransfer to General FundTax Assessor/Collector FeeComputer CostPostageSuppliesTax CertificatesAudit PreparationAdditional Services - BLIRecords MaintenanceCopiesSupp/Corr/Name Chgs EnvelopesCheck CostPositive PaySB 2 Compliance

TOTAL DISBURSEMENTS

850.90

175.0062.3069.22

325.00

25.0050.00

($ 1,557.42)

1,753.00850.90

15,000.001,319.152,175.00

62.30155.2363.96

130.00250.00325.00

60.00225.96

63.3043.05

125.00200.00

22,801.85)

CASH BALANCE AT: 11/30/2020 43,466.82 43,466.82

2 -

9


Disbursements for month of December, 2020

Check ft Payee Description Amount

10591070

1071

W/T to Debt Srv FundW/T to General FundHCADCommunity Association

Bob Leared

12/1/20 Transfer to Debt Service Fund12/1/20 Transfer to General Fund

CAD Quarterly Assessment

Refund - due to adjustments

Tax Assessor/Collector Fee

TOTAL DISBURSEMENTS

Remaining Cash Balance

Central Bank

$

$.

20,000.00

8,121.59

1,902.00

34.30

669.18

30,727.07

12,739.75

3 -

10


HISTORICAL COLLECTIONS DATA

Year

202020192018201720162015

CollectionsMonth Of11/2020

28,535.32

Adjustments ToCollections

11/2020

34.30-

Total TaxCollections

at 11/30/2020

28,535.32908,863.95751,721.73563,835.36386,461.83128,928.95

Total TaxesReceivable

at 11/30/2020

1,057,422.513,546.32

CollectionPercentage

2.62899.611

100.000100.000100.000100.000

(Percentage of collections same period last year 6.208 )

4 -

11


HISTORICAL TAX DATA

Year

202020192018201720162015

TaxableValue

167,070,414140,370,793115,649,48386,743,89159,455,65419,835,212

SR/CR

03 ,0315 ,1517 ,1728 ,2820 ,2011 ,11

TaxRate

.650000

.650000

.650000

.650000

.650000

.650000

Adjustments

165,936.5272,116.65

112,681.32139,067.5168,971.3758,009.30

Reserve forUncollectibles

AdjustedLevy

1,085,957.83912,410.27751,721.73563,835.36386,461.83128,928.95

5 -

12


TAX RATE COMPONENTS

Year

202020192018201720162015

Debt ServiceRate

.465000

.475000

.465000

.230000

.405000

Debt ServiceLevy

776,877.51666,761.32537,770.15199,511.00240,795.44

MaintenanceRate

.185000

.175000

.185000

.420000

.245000

.650000

MaintenanceLevy

309,080.32245,648.95213,951.58364,324.36145,666.39128,928.95

6 -

13


^lotes:

$ 34.30 - REPORTED AS TAXES COLLECTED ON 04/20 REPORTS, TEN TO REFUND OFADJUSTMENTS DUE TO CAD C/R# 15.2019 TAXES - ACCT# 0001-002-0140 - $ 12.00

ACCT# 0004-002-0140 - $ 22.30

7 -

14


Tax Exemptions:

Homestead

Over 65

Disabled

2020

.000

0

0

2019

.000

0

0

2018

.000

0

0

Last Bond Premium Paid:

PayeeHarco06/22/2018 - 06/22/2021

Date of Check3/14/2018

Amount250.00

Adjustment Summary:

11/2020

TOTAL

2020

/ CORR 003 165,936.52

165,936.52

8 -

15

HARRIS COUNTY MUD #416Homestead Payment Plans

Account

•Total

(I) - BLI

no.

Count 0

Contract

Tax

Year

(A)

Payment

Amount

Payment

Date

Balance

Due

Contract

Standard Payment Plans

Last Last

Tax Payment Payment Balance

Account no. Year Amount Date Due

*Total Count 0

9 -

16

2,965,000$ Unlimited Tax Bonds, Series 2021 Dated 6/1/2021 Estimated Interest Rate 4.00%Taxable Debt Projected Interest Total Outstanding Series 2021 Total Ending % of Next

Tax Appraised Tax Collections Calendar Beginning Earnings Capitalized Funds Debt Debt Outstanding Fund Year's DebtYear Value Rate 98% Year Balance (d) 0.25% Interest (e) Available Service Service Debt Service Balance Service

2020 171,178,524 (a) 0.465 780,061 2021 346,133 865 118,600 1,245,659 769,934 29,650 799,584 446,075 46.16%2021 192,703,678 (b) 0.520 982,018 2022 446,075 1,115 1,429,208 847,728 118,600 966,328 462,881 44.37%2022 211,703,678 (c) 0.520 1,078,842 2023 462,881 1,541,723 844,668 198,600 1,043,268 498,455 47.18%2023 211,703,678 0.520 1,078,842 2024 498,455 1,577,297 856,078 200,400 1,056,478 520,819 49.20%2024 211,703,678 0.520 1,078,842 2025 520,819 1,599,661 856,493 202,000 1,058,493 541,169 51.51%2025 211,703,678 0.520 1,078,842 2026 541,169 1,620,011 852,168 198,400 1,050,568 569,443 53.52%2026 211,703,678 0.520 1,078,842 2027 569,443 1,648,285 864,273 199,800 1,064,073 584,213 54.79%2027 211,703,678 0.520 1,078,842 2028 584,213 1,663,055 865,313 201,000 1,066,313 596,742 55.39%2028 211,703,678 0.520 1,078,842 2029 596,742 1,675,584 875,393 202,000 1,077,393 598,192 55.79%2029 211,703,678 0.520 1,078,842 2030 598,192 1,677,034 874,508 197,800 1,072,308 604,726 55.93%2030 211,703,678 0.520 1,078,842 2031 604,726 1,683,568 882,598 198,600 1,081,198 602,371 55.82%2031 211,703,678 0.520 1,078,842 2032 602,371 1,681,213 879,858 199,200 1,079,058 602,155 55.48%2032 211,703,678 0.520 1,078,842 2033 602,155 1,680,997 885,808 199,600 1,085,408 595,589 54.86%2033 211,703,678 0.520 1,078,842 2034 595,589 1,674,431 885,888 199,800 1,085,688 588,744 54.05%2034 211,703,678 0.520 1,078,842 2035 588,744 1,667,586 889,555 199,800 1,089,355 578,231 52.71%2035 211,703,678 0.520 1,078,842 2036 578,231 1,657,073 897,320 199,600 1,096,920 560,153 50.80%2036 211,703,678 0.520 1,078,842 2037 560,153 1,638,995 903,361 199,200 1,102,561 536,433 48.90%2037 211,703,678 0.520 1,078,842 2038 536,433 1,615,275 898,305 198,600 1,096,905 518,370 47.16%2038 211,703,678 0.520 1,078,842 2039 518,370 1,597,212 901,470 197,800 1,099,270 497,942 45.05%2039 211,703,678 0.520 1,078,842 2040 497,942 1,576,784 903,470 201,800 1,105,270 471,514 42.49%2040 211,703,678 0.520 1,078,842 2041 471,514 1,550,356 909,310 200,400 1,109,710 440,646 39.78%2041 211,703,678 0.520 1,078,842 2042 440,646 1,519,488 908,810 198,800 1,107,610 411,878 52.54%2042 211,703,678 0.520 1,078,842 2043 411,878 1,490,720 586,944 197,000 783,944 706,776 260.42%2043 211,703,678 0.520 1,078,842 2044 706,776 1,785,618 71,400 200,000 271,400 1,514,218 766.30%2044 211,703,678 0.520 1,078,842 2045 1,514,218 2,593,060 - 197,600 197,600 2,395,460

19,910,647 4,736,050 24,646,697

(a) Reflects the 2020 Taxable Assessed Valuation as provided by HCAD and consists of $141,541,723 of certified value anduncertified value in the amount of $29,636,801 (owner's opinion).

(b) Reflects Estimated Taxable Assessed Valuation as of March 1, 2020 as provided by HCAD in the amount of $179,803,678,construction of 6 houses assuming $950,000 per house (sticks and bricks only) and development of 40 lots assuming $180,000 per lot.

(c) Reflects construction of 20 houses assuming $950,000 per house (sticks and bricks only). 2020 2021 (Est.)Tax Rate: Tax Rate:

(d) WS&D and Road Debt Service Fund Balance as of November 3, 2020 346,133 Debt service $0.465 Produces $0.520 ProducesLess: Remaining 2020 Debt Service Payment - M&O 0.185 310,347 0.130 245,504 Funds Available for 2021 Debt Service 346,133 Total $0.650 Surplus $0.650 Surplus

(e) Reflects 12 months of capitalized interest assuming an estimated interest rate of 4.00%. 124,972 60,129

2021 Budgeted M&O Tax Rev. 249,900 2021 Budget Surplus 64,525

11/30/2020

HARRIS COUNTY MUD NO. 416Proforma Cash Flow Analysis - AV GROWTH / NEW DEBT

17

P:\131-024-00\Docs\Reports\2020\12 December 2020.doc

HARRIS COUNTY MUNICIPAL UTILITY DISTRICT NO. 416 MONTHLY ENGINEERING REPORT

DECEMBER 2020

ENGINEER’S REPORT

A. Willowcreek Ranch, North Detention (Phase II)

Awarded to John David Hanover, LLC. Project 95% complete.

Board Action: No action required.

B. Willowcreek Ranch, Section 10 Contractor: Precise Services, Inc. Contract Amount: $2,119,11.74

Section administratively complete. Graceview water line included in this contract.


C. Holderrieth Road

Contractor: Precise Services, Inc. Contract Amount: $854,186.31


D. Water system items ongoing:

• EHRA is in communication with NWHCMUD 5 for upkeep and general performance of our water system.

• EHRA is working with NWHCMUD 5 for water plant upgrades for Telge Road water plant.


E. Roadside ditch topo and maintenance

• Remaining ditch topo to be reviewed after construction completion.

• Potholes on district easement along east property line to be repaired.


18

HCMUD No. 416 Monthly Engineering Report December, 2020 Page 2

P:\131-024-00\Docs\Reports\2020\12 December 2020.doc

F. 2021 HCMUD 416 Bond Issue

• Attached is a draft Summary of Cost for the proposed 2021 Bond Issue. Board Action: Request the Board’s authorization to prepare the 2021 bond application.

19

SECTION 4 - **DRAFT** SUMMARY OF COSTS (1)

Construction Costs

A. Developer Contribution Items: Amount District's Share

1. Water Distribution, Storm Water Facilities to serve

Sub Total 1,150,000$ 1,150,000$

2. Detention Facilities to serve

Sub Total 35,500$ 35,500$

3. Engineering & Geotechnical (23.62% of Items 1-2) 280,000$ 280,000$

4. Storm Water Pollution Prevention Plan Compliance (Items 1-2) 175,000$ 175,000$

5. Land Acquisition:

Sub-Total 560,024$ 560,024$

2,200,524$ 2,200,524$ Total Developer Contribution Items

HARRIS COUNTY

MUNICIPAL UTILITY DISTRICT NO. 416

PRELIMINARY BOND ISSUE REQUIREMENTS

2021 WSD BOND ISSUE

B. District Items:

1. Water Service Fees (Northwest Harris County MUD No. 5)

Sub-Total 60,000$ 60,000$

60,000$ 60,000$

TOTAL CONSTRUCTION COSTS (76.24% of BIR) 2,260,524$

Non-Construction Costs

A. Legal Fees (3%) 88,950$

B. Fiscal Agent Fees (2%) 59,300$

C. Interests Costs

1. Capitalized Interest ( 1 year @ 4.0%) 118,600$

2. Developer Interest (4.0%) 250,000$

D. Bond Discount (3%) 88,950$

E. Bond Issuance Expenses 48,299$

F. Bond Application Report 40,000$

G. Attorney General Fees (0.10%) 2,965$

H. TCEQ Bond Issuance Fee (0.25%) 7,413$

TOTAL NON-CONSTRUCTION COST (23.76% of BIR) 704,476$

TOTAL BOND ISSUE REQUIREMENT (BIR) 2,965,000$

Notes:(1) All costs are estimated

Total District Items

20

harris county municipal utility district no. 416 notice … · 2020. 12. 1. · notice of public...

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