Bond Issue PPT for Russ

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					Town of Bedford, NH

Infrastructure Improvement Bond
        Authorization, 2011
           February 11, 2011
Town of Bedford, NH
Infrastructure Improvement Bond, 2011
                               ROADS, BRIDGES, DRAINAGE AND UTILITIES

  Study/design
           Jenkins Road Dam Review, Design, Permit                        $80,000      2011
           Town-Wide Drainage Inventory                                  $150,000    2011-2013
           Town-Wide Bridge and Major Culvert Inspection                  $50,000      2011
           Infrastructure management Software/System                      $50,000      2011
                                                           Sub-total     $330,000

  Construction
           Jenkins Road Dam Replacement                                 $1,000,000     2012
           Boynton Street - 101 to Manchester Town Line                 $1,250,000     2012
           Meetinghouse Road - Route 101 to S River Rd                  $2,200,000     2012
                  including Roundabout at Gault and Patten Rd.
           Wallace Road - N.Amherst Rd to New Boston Road               $2,500,000     2013
           Joppa Hill Road - N.Amherst Rd to King Rd.                   $2,300,000     2013
           Constitution Drive                                             $620,000     2012
           Donald Street Extension                                        $610,000     2013
           Sebbins Pond Drive with drainage mitigation                    $150,000     2011
           Sandy Pond Parkway with drainage mitigation                    $200,000     2011
                                                           Sub-total   $10,830,000

                            ROADS DRAINAGE AND BRIDGES TOTAL           $11,160,000
Town of Bedford, NH
Infrastructure Improvement Bond, 2011
                                          TOWN BUILDING/FACILITIES

    Capital Improvements
              Town Hall - Roof, Floor Replacement and Painting              $200,000    2011
              Library - Roof Replacement                                     $60,000    2011
              Safety Complex - Heating System                                $50,000    2012
              10 Meetinghouse Road - First Floor Remodel - (Storage)         $40,000    2012
                                                               Sub-total    $350,000

    Study/design
             Efficiency, Space Needs, Office and Parking Layout,
             HVAC Sytem upgrades, and Operational
             Improvements (combine operations/locations)
             Town Office, Library, Recreation and Town Hall                  $120,000   2011
             Fire station (S) site layout and final design                    $50,000   2012
             (does not include land acquisition costs)
                                                              Sub-total     $170,000

    Construction
             Fire Station (S) - South River Road                           $1,500,000   2013
                                                               Sub-total   $1,500,000

                                     TOWN BUILDING/FACILITIES TOTAL        $2,020,000


               Grand Total Infrastructure Improvements = $13,180,000
Town of Bedford, NH
Infrastructure Improvement Bond, 2011


                    Infrastructure Improvement Bond 2011
                    7.7%   0.9%
             2.6%
                                                  Roa d Improvements

     12.0%                                        Town Bui l di ng
                                                  Improvements
                                                  South Fi re Station

    2.9%                                          Roa d Permi t, Des i gn,
                                                  Engi neeri ng
                                                  Jenki ns Da m
                                                  Repl a cement
                                                  Bl dg. Study, Des i gn,
                                                  Engi neeri ng
                                    73.9%
Town of Bedford, NH
Infrastructure Improvement Bond, 2011
                                               Town of Bedford, NH
                                       Combined Debt Service Tax Rate Impact
                           Proposed 2011/2012 Infrastructure Bond Issuance of $13.2 million


             includes all debt
             affecting tax rate                                                                         Tax Dollars
                                    2011 issue       2012 issue                                        on $400k avg
               Tax Rate               Tax Rate         Tax Rate          Combined       Combined        assessment
      Tax    Impact of All           Impact of        Impact of         Debt Service   Debt Service     to support
      Year   Current Debt           New Debt         New Debt            2011 issue     2012 issue    New Debt Issue


      2011                 0.82              -                 -                0.82           0.82   $         -

      2012                 0.79             0.43               -                1.22           0.79   $         173

      2013                 0.76             0.42              0.43              1.18           1.20   $         168

      2014                 0.50             0.41              0.42              0.91           0.92   $         164

      2015                 0.46             0.40              0.41              0.85           0.87   $         159

      2016                 0.44             0.39              0.40              0.83           0.84   $         155

      2017                 0.03             0.37              0.39              0.41           0.42   $         150

      2018                 0.03             0.36              0.37              0.40           0.41   $         145

      2019                 0.03             0.35              0.36              0.38           0.39   $         141
Town of Bedford, NH
Infrastructure Improvement Bond, 2011

                                             Town of Bedford, NH
                                     Combined Debt Service Tax Rate Impact
                         Proposed 2011/2012 Infrastructure Bond Issuance of $13.2 million


           includes all debt
           affecting tax rate                                                                         Tax Dollars
                                  2011 issue       2012 issue                                        on $400k avg
             Tax Rate               Tax Rate         Tax Rate          Combined       Combined        assessment
    Tax    Impact of All           Impact of        Impact of         Debt Service   Debt Service     to support
    Year   Current Debt           New Debt         New Debt            2011 issue     2012 issue    New Debt Issue

    2020                  -               0.34              0.35              0.34           0.35   $         136

    2021                  -               0.33              0.34              0.33           0.34   $         132

    2022                  -               0.32              0.33              0.32           0.33   $         127

    2023                  -               0.31              0.32              0.31           0.32   $         123

    2024                  -               0.30              0.31              0.30           0.31   $         118

    2025                  -               0.28              0.30              0.28           0.30   $         114

    2026                  -               0.27              0.28              0.27           0.28   $         109

    2027                  -                                 0.27               -             0.27   $         -
Town of Bedford, NH
Infrastructure Improvement Bond, 2011
                                   Bond Issue in 2011
                       Assumed Rate                       4.30%
                       Principal Payments Begin             2012
                       Amount Issued                 13,200,000
                       Term (Years)                           15
                       Structure                               1

                         Principal     Interest        Total
                2009              -             -             -
                2010              -             -             -
                2011              -             -             -
                2012        880,000       567,600     1,447,600
                2013        880,000       529,760     1,409,760
                2014        880,000       491,920     1,371,920
                2015        880,000       454,080     1,334,080
                2016        880,000       416,240     1,296,240
                2017        880,000       378,400     1,258,400
                2018        880,000       340,560     1,220,560
                2019        880,000       302,720     1,182,720
                2020        880,000       264,880     1,144,880
                2021        880,000       227,040     1,107,040
                2022        880,000       189,200     1,069,200
                2023        880,000       151,360     1,031,360
                2024        880,000       113,520       993,520
                2025        880,000        75,680       955,680
                2026        880,000        37,840       917,840
                2027              -             -             -
            Total      $ 13,200,000   $ 4,540,800   $ 17,740,800
Town of Bedford, NH
Infrastructure Improvement Bond, 2011
                             Issuance Option #2                          Issuance Option #3
                 Assumed Rate                       4.00%    Assumed Rate                       4.80%
                 Principal Payments Begin             2012   Principal Payments Begin             2012
                 Amount Issued                 13,200,000    Amount Issued                 13,200,000
                 Term (Years)                           10   Term (Years)                           20
                 Structure                               1   Structure                               1

                   Principal     Interest        Total         Principal     Interest        Total
          2009              -             -             -               -             -             -
          2010              -             -             -               -             -             -
          2011              -             -             -               -             -             -
          2012      1,320,000       528,000     1,848,000         660,000       633,600     1,293,600
          2013      1,320,000       475,200     1,795,200         660,000       601,920     1,261,920
          2014      1,320,000       422,400     1,742,400         660,000       570,240     1,230,240
          2015      1,320,000       369,600     1,689,600         660,000       538,560     1,198,560
          2016      1,320,000       316,800     1,636,800         660,000       506,880     1,166,880
          2017      1,320,000       264,000     1,584,000         660,000       475,200     1,135,200
          2018      1,320,000       211,200     1,531,200         660,000       443,520     1,103,520
          2019      1,320,000       158,400     1,478,400         660,000       411,840     1,071,840
          2020      1,320,000       105,600     1,425,600         660,000       380,160     1,040,160
          2021      1,320,000        52,800     1,372,800         660,000       348,480     1,008,480
          2022              -             -             -         660,000       316,800       976,800
          2023              -             -             -         660,000       285,120       945,120
          2024              -             -             -         660,000       253,440       913,440
          2025              -             -             -         660,000       221,760       881,760
          2026              -             -             -         660,000       190,080       850,080
          2027              -             -             -         660,000       158,400       818,400
          2028              -             -             -         660,000       126,720       786,720
          2029              -             -             -         660,000        95,040       755,040
          2030              -             -             -         660,000        63,360       723,360
          2031              -             -             -         660,000        31,680       691,680
          2032              -             -             -               -             -             -
      Total      $ 13,200,000   $ 2,904,000   $ 16,104,000   $ 13,200,000   $ 6,652,800   $ 19,852,800

				
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