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CDFA Texas Financing Roundtable Newsletter - December 2016

CDFA Texas Financing Roundtable Newsletter - December 2016
December 28, 2016
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CDFA Texas Financing Roundtable Newsletter

Feature

Hutto City Council Mulling a $53.5M Bond Proposal
A bond committee of residents made recommendations to the Hutto City Council this month, with the biggest proposals being $10 million for athletic fields, $8 million for a second fire station, $6 million for a new police station, and $7.6 million for the reconstruction and extension of Live Oak Street.

TEX Rail Secures $499M Federal Grant for Fort Worth-DFW Trains
TEX Rail is moving forward with plans to launch its commuter train service from downtown Fort Worth to Dallas/Fort Worth Airport by late 2018 after gaining a commitment for a half-billion dollars in federal money.

Study: Amazon Did Not Need $23M in Incentives to Open TX Facilities
Amazon won roughly $23 million in local tax incentives over the past two years to locate its distribution centers in three Texas cities when the retail giant didn't need the funds and would have likely needed operations there any way, according to a new a study.

Waco City Council set to OK TIF Funds for $100M Riverfront Development
Waco City Council on Tuesday is set to seal the deal on a $100 million riverfront development known as the Brazos Promenade. The city has already pledged $20.2 million in Tax Increment Financing Zone funds to the project.

Kilgore City Council Launches Bond Funding for Waterworks
Taking a major step toward the improvement of the city's water and sewer system, Kilgore City Council members have agreed to begin the process of issuing certificates of obligation in an amount not to exceed $4.2 million.

Restore Council Unveils Updated Plan to Invest in Gulf Coast Restoration
Agriculture Secretary Tom Vilsack has announced the finalization of the Comprehensive Plan Update to guide over $3 billion in investments to enhance the resources and economies of the Gulf Coast in the aftermath of the Deepwater Horizon oil spill.

Clarendon's City Hall Fixes Could Hit $200K for Water Improvement
Clarendon's City Hall may have to be significantly remodeled to meet the conditions of USDA funding for a water system improvement project, the city council learned during their regular meeting on Thursday, December 8.

City Hall Uses P3 Financing to Incentivize Grocery Store in Food Desert
The City of Dallas is trying to incentivize grocery stores to move into southern Dallas, a food desert, by using P3 financing. The incentives do not seem to be enough however because grocery stores still do not see incentive enough to move there.

How the Wind Industry Impacts the TX Panhandle
The recent investment in wind is a direct result of the construction of Texas' Competitive Renewable Energy Zone (CREZ) line. This is a network of power lines that stretch more then 3,600 miles to allow wind farms to 'plug in' to the Electric Reliability Council of Texas (ERCOT) Electric Grid.

Texans Fear Trump's Highways Plan Will Create More Toll Roads
Part of president-elect Donald Trump's promise to create new jobs for Americans relies on a "deficit-neutral plan" to spend $1 trillion on public works projects, including hundreds of billions for roads and rail. But the strategy could result in something many Texans aren't going to like: more toll roads.

Texas News

Conroe OKs $40K Loan for New Music Festival
The Courier of Montgomery County | Dec. 21 | Community Development | Economic Development

Austin Seeks Emergency Funds for Immigrant Legal Representation
KLBJ Newsroom | Dec. 21 | Access to Capital

President-elect Promises to Keep TEBs
Politico | Dec. 16 | Bond Finance | Federal


Sponsors

Roundtable Partner

Texas Economic Development Council

For information about sponsoring the CDFA Texas Financing Roundtable, review the sponsor prospectus and complete our sponsorship agreement or contact CDFA.


The Council of Development Finance Agencies is a national association dedicated to the advancement of development finance concerns and interests. CDFA is comprised of the nation's leading and most knowledgeable members of the development finance community representing public, private and non-profit entities alike. For more information about CDFA, visit www.cdfa.net or e-mail info@cdfa.net.


Council of Development Finance Agencies
100 E. Broad Street, Suite 1200
Columbus, OH 43215
(614) 705-1300
info@cdfa.net


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