MUNICIPAL SUBDISTRICT, NORTHERN COLORADO WATER CONSERVANCY DISTRICT Water Revenue Refunding Bonds

Transcription

1 220 Water Avenue, Berthoud, CO MUNICIPAL SUBDISTRICT, NORTHERN COLORADO WATER CONSERVANCY DISTRICT Water Revenue Refunding Bonds Selected Information Concerning the Participating Municipalities, Participating Districts and Participating Transferees

2 Selected Participants' Assessed Valuation, Outstanding Debt and Selected Ratios Transfer Selected Original Participants Participant Boulder(1) Greeley(1) Longmont(1) Broomfield(1) Actual Valuation 19,214,894,346 5,726,756,078 9,071,641,552 7,588,922,741 Assessed Valuation 2,562,745, ,849,920 13,085,610,490 1,018,846,937 Direct General Obligation Debt 76,481,000 1,475,000 3,425, ,000 Less Self-Supporting Utility Portion 18,071, Net Direct General Obligation Bond Debt 58,410,000 1,475,000 3,425, ,000 Net Overlapping General Obligation Bond Debt 172,507,387 N/A 173,476, ,085,955 Net Direct and Overlapping General Obligation Bond Debt 230,772,387 1,475, ,901, ,765,955 Revenue Bond Debt 953,947, ,265,000 46,265, ,155,000 Population 103,505 94,632 86,303 55,632 Net Direct General Obligation Bond Debt to: Actual Valuation Assessed Valuation Net Direct and Overlapping General Obligation Bond Debt to: Actual Valuation Assessed Valuation Net Direct General Obligation Bond Debt per Capital Net Direct and Overlapping General Obligation Bond Debt per Capita $2, $15.59 $2, $8, (1) Provided by the Participants at December 31, Page 1 of 7

3 Comparative Information for Selected Participants' Tax Millage(1), Levies and Collections Transfer Selected Original Participants Participant Boulder Greeley Longmont Broomfield Tax Millage City County School District Other Tax Millage City County School District Other Tax Millage City County School District Other Tax Levies for Collection in 2009 $23,543,384 $9,702,342 $14,349,298 $29,176, $21,844,724 $9,429,698 $14,461,571 $28,072, $20,506,404 $8,590,114 $13,445,358 $25,272,154 Actual Tax Collections in 2009 $23,503,210 $9,622,500 $14,398,968 $28,436, $21,768,493 $9,304,489 $14,253,007 $27,872, $20,505,741 $8,427,420 $13,296,032 $24,642,659 Aggregate Tax Collections as a Percent of Aggregate Tax Levies % 98.67% 99.27% 98.10% (1) Excludes milage of special improvement districts and certain other districts, which apply to less than all property within the Participating Municipalities and participating Transferee for taxes collected in year shown. Page 2 of 7

4 Estimated Millage to Pay Annual Charges If Annual Charges for Selected Participants Are Raised by Assessment Boulder Greeley Longmont Estimated Annual Charge(1) 2,717,770 2,717,770 2,717,770 Assessed Valuation(2) in (000's) 2,562, ,850 1,085,601 Estimated Millage (1) See "ESTIMATED TOTAL ANNUAL CHARGES TO THE PARTICIPANTS" on pp. 12, 13 for estimated annual increases. (2) Assessed valuations based on % of actual value. To the extent the actual assessed valuations are lower than those used above the applicable millage will increase; however, the actual aggregate tax dollars paid by taxpayers of the Participants will remain the same. Comparative Growth Statistics of Selected Participants Transfer Selected Original Participants Participant Boulder(1) Greeley Longmont Broomfield Population: ,870 38,902 23,209 7, ,685 53,006 49,942 20, ,295 60,536 51,529 24, ,505 94,632 86,303 55,632 Annualized Increase % 3.14% 7.96% 11.06% % 1.34% 0.31% 1.74% % 3.00% 3.30% 8.13% Source: United States Census Bureau Assessed Valuation in (000's) , , , , ,353, , , , ,562, ,850 1,085,601 1,018,847 Annualized Increase % 0.18% 8.65% 1.12% % 6.80% 7.21% 8.93% (1) In November 1976, the voters of the City of Boulder adopted a plan to limit annual growth within the City to 2% by limiting the number of residential building permits. Page 3 of 7

5 Selected Participants' Historical Water Service Area Population, Water Need and Current Supply BOULDER (Original Participant): Water Service Area Population (000)(1) Water Use (Acre Feet) 13,544 19,800 20,320 20,000 Available Water Supply (Acre Feet) Direct Flows 9,106 9,106 13,200 8,200 Storage 5,207 5,207 10,700 8,100 CBT Units 10,344 12,382 14,550 21,015 Ditch Stock 2,445 2,445 3,238 - Windy Gap 0 0 8,000 3,700 Total Supply 27,102 29,140 49,688 41,015 GREELEY (Original Participant):(2) Water Service Area Population (000)(1) Water Use (Acre Feet) 13,710 20,670 24,733 24,181 Available Water Supply (Acre Feet) Direct Flows 6,825 6,825 9,050 8,506 Storage 6,607 6,607 8,874 5,401 CBT Units 9,868 11,075 18,954 23,023 Ditch Stock 2,023 2,023 4,166 15,961 Transferred Water ,544 4,786 Windy Gap 0 0 6,700 3,800 Total Supply 25,323 26,530 61,288 61,477 LONGMONT (Original Participant): Water Service Area Population (000)(1) Water Use (Acre Feet) (4) 7,022 12,700 14,937 16,109 Available Water Supply (Acre Feet) Direct Flows 2,801 2,801 2,800 2,895 Storage 5,587 5,587 4,600 5,230 CBT Units 5,527 5,819 9,375 12,710 Ditch Stock 1,106 1,106 8,000 7,927 Windy Gap 0 0 8,000 8,000 Total Supply 15,021 15,313 32,775 36,762 BROOMFIELD (Transfer Participant) Water Service Area Population (000)(1) Water Use (Acre Feet) 1,480 4,226 4,895 10,109 Available Water Supply (Acre Feet) Direct Flows(3) 1,812 3,917 8,940 6,500 Storage(3) CBT Units used to firm up yield of Windy Gap ,600 CBT Units used for tap sales ,606 Ditch Stock Windy Gap ,600 Total Supply 2,302 4,407 9,855 14,706 (1) Population figures based upon information furnished by the United States Census Bureau, the Subdistrict, and the Participating Municipalities. The Water Service Area of some Participating Municipalities exceeds the municipal boundaries. (2) Figures represent the face value yield of water rights owned by the City of Greeley, available for treatment. (3) Broomfield sold its Clear Creek Water rights in The volume shown is supplied by the Denver Water Department. Broomfield uses.7af per CBT unit yield for planning purposes. (4) Fiqures represent potable water use only. Sources: Information from participating municipalities. Page 4 of 7

6 Selected Employment Figures (1) Labor Number Number Percent Force Employed Unemployed Unemployed Boulder-Longmont MSA(2) 173, ,438 10, % Greeley 43,491 39,760 3, % City & County of Broomfield 29,786 27,577 2, % (1) Figures represent average statistics for April 2005 for employees by place of residence. Source: Colorado Department of Labor, State Division of Employment and Training. (2) Source: Colorado Department of Labor & Employment, Labor Market Information, April 2010 Major Employers(1) Number of Employees Longmont (Original Participant) Number of Employees Boulder (Original Participant) University of Colorado 6,827 St. Vrain School District 4,876 Boulder Valley School District 4,200 Longmont United Hospital 1,282 IBM 3,400 Seagate Technologies 1,160 Sun Microsystems 3,300 City of Longmont 814 St. Vrain School District No. RE-1J 3,238 Intrado 762 Ball Corp. 3,100 Amgen 645 State of Colorado 2,881 Federal Aviation Center 540 Boulder Community Hospital 2,200 McLane Western 425 Level 3 Communications 2,016 Digital Globe 437 Covidien 1,750 Butterball/Longmont Foods 404 Greeley (Original Participant) Broomfield (Transfer Participant) JBS Swift Beef Company 4,192 Level 3 Communications 2,016 North Colorado Medical Center 2,889 Oracle Corporation 1,900 Weld School District #6 2,189 Hunter Douglas 787 US Government 1,400 Ball Corporation 659 Weld County 1,383 City and County of Broomfield 581 State Farm Insurance Company 1,350 Sandoz, Inc. 550 City of Greeley 1,130 MWH Global 430 Wal-Mart Stores, Inc. 1,015 Whitewave Foods 385 Aims Community College 874 Brocade Communications 300 StarTek, Inc. 702 Staples/Corporate Express 300 (1) All dates Sources: Boulder: Boulder County Business Report Broomfield: Broomfield Economic Development Corporation, City of Broomfield Greeley: Weld County Demographic Update, 2010 Longmont: City of Longmont Comprehensive Annual Financial Report, 2008 Page 5 of 7

7 Major Property Taxpayers Assessed (000's) Assessed (000's) Boulder (Original Participant) Valuation(1) Longmont (Original Participant) Valuation(1) Macerich Twenty Ninth Street LLC $25,851 Amgen Inc $34,786 IBM Corporation 25,726 Seagate Technology LLC 25,635 Roche Colorado Corp. 23,691 Circle Capital Longmont LLC 14,758 Qwest 19,327 Hub Properties Trust 10,277 Public Service Company of Colorado 18,679 Xlinx Inc 9,920 Ball Aerospace & Technologies Corp. 18,665 Panattoni Properties DE LLC 8,813 BJJFH LLC et al 16,487 Longmont Springcrest LLC 7,590 Amgen 14,660 Qwest Communications 7,466 Internation Business Machines 12,203 Brass Creekside LP 5,579 Vail Lizard LLC 11,533 Longmont Woodhaven LLC 5,335 Assessed (000's) Assessed (000's) Greeley (Original Participant) Valuation(1) Broomfield (Transfer Participant) Valuation(1) Noble Energy $22,012 Flatiron Holding LLC $45,240 Mineral Resources 16,418 Level 3 Communications 33,316 State Farm Mutual Automobile Insurance 15,495 Sun Microsystems, Inc 21,410 QWEST Corp. 15,107 Sun Microsystems 19,575 Public Service Co. of Colo. (Xcel) 11,945 Hines VAF Mountain View LP 17,646 Greeley Mall/GKD LLC 10,399 Hunter Douglas, Inc 14,682 Kerr-McGee Oil & Gas Onshore LP 9,066 FSP 380 Interlocken Corp. 13,085 JBS USA LLC aka Swift & Company 7,978 DDR Flatiron LLC 12,846 Wal-Mart Property Tax Department 7,560 Tana Oil & Gas LLC 11,745 Petro-Canada Resources (USA) Inc 7,131 Sandoz Inc. 11,371 (1) 2009 assessed valuation. Page 6 of 7

8 Demographic Information For Selected Participants Transfer Selected Original Participants Participant Boulder(3)(4)(5) Greeley Longmont Broomfield Per capita income(1) 39,659 23,788 52,719 33,500 School enrollment(2) 29,011 19,117 26,724 14,725 Average household size (est.)(1) Housing units(1) (est.) 44,970 38,639 35,134 22,321 (1) Source; United States Census-2008 American Community Survey- 1 year estimate (2) Source: Various School Districts - St. Vrain Valley School District , Weld District 6 (3) Source: Boulder Economic Council estimates for 2008 (4) Source: Colorado Department of Education for 2008 (5) Source: Colorado Division of Local Government State Demography Office estimates for 2008 Page 7 of 7