Contract - Fern Bluff MUD - 7/28/2016FIRST AMENDMENT TO THE
WASTEWATER SERVICE AGREEMENT
BETWEEN THE
CITY OF ROUND ROCK
AND
FERN BLUFF MUNICIPAL UTILITY DISTRICT
THIS FIRST AMENDMENT TO THE WASTEWATER SERVICE
AGREEMENT BETWEEN THE CITY OF ROUND ROCK AND FERN BLUFF MUNICIPAL
UTILITY DISTRICT (the "First Amendment") is dated and entered into as of the�204'day of
4-AlAor, 2016, by and among the City of Round Rock, Texas ("Round Rock") a home -rule
municipality and political subdivisions of the State (the "City") and Fern Bluff Municipal Utility
District, (the "District").
RECITALS
WHEREAS, Round Rock and the District have entered into that certain Wastewater
Service Agreement Between the City of Round Rock and Fern Bluff Municipal Utility District,
(the "Agreement") effective as of December 8, 2009; and
WHEREAS, Exhibit "A" to the Agreement sets forth the debt service payments to be
made by the District for the purposes of the District Capital Charge; and
WHEREAS, in June 2016, the City refunded approximately $35,000,000 in Utility
System Revenue Bonds to take advantage of favorable market conditions which will allow the
City and District to save significant money for interest payments; and
WHEREAS, the parties hereto desire to amend Exhibit "A" to provide for reduced debt
service payments;
NOW, THEREFORE, in consideration of the mutual covenants and agreements herein
contained, the sufficiency of which are hereby conclusively acknowledged, and subject to the
terms and conditions hereinafter set forth, Round Rock and the District mutually agree to
approve this First Amendment, which shall read as follows:
ARTICLE 1
DEFINITIONS
Section 1.1 All terms used herein shall have the meanings assigned to thein in the Agreement,
unless the context clearly requires otherwise.
�L-2UtLe, -�lZ i0
First Amendment Fern Bluff MUD- draft- 7-11-16 (00360594xA08178).doc
ARTICLE II
AMENDED EXHIBIT A
Section 2.1 The document marked "Exhibit A", and entitled City of Round Rock Texas,
Remaining 2009 Bonds Plus 2016 Refunding Bonds, Fern Bluff MUD Portion Only" attached to
and incorporated herein replaces the previous "Exhibit A" attached to the Agreement.
Everywhere the Agreement refers to "Exhibit A," it is agreed that henceforth it will be
understood to refer to the attached "Exhibit All.
ARTICLE III
MISCELLANEOUS
Section 3.1 To the extent necessary to effect the terms and provisions of this First
Amendment, the Agreement is hereby amended and modified. h1 all other respects, the aforesaid
Agreement is hereby ratified and confirmed.
Section 3.2 This First Amendment may be executed in counterparts, each of which shall be an
original and all of which together shall constitute but one and the same instrument.
IN WITNESS WHEREOF, the parties hereto acting under authority of their respective
governing bodies have caused this First Amendment to be duly executed as of the day and year
first above written.
(SIGNATURES ON FOLLOWING PAGES)
4
FERN BLUFF MUNICIPAL UTILITY DISTRICT
By:
-Zok , President
Attest:
Secretary
Attest:
"No
Sara White, City Clerk
CITY OF OUND ROCK, TEXAS
By:
Y
Alan McGraw, Mayor
FXHIRIT
PMEMENE"City
of Round Rock, Texas
Remaining 2009 Bonds Plus 2016 Refunding Bonds
Fern Bluff MUD Portion Only
Aggregate Debt Service
Part 1 of 3
Date Principal
Interest
Total P+I
Fiscal Total
08/01/2016 45,000.00
22,764.36
67,764.36
-
09/30/2016 -
-
-
67,764.36
02/01/2017 -
32,893.20
32,893.20
-
08/01 /2017 50,000.00
32,893.20
82,893.20
-
09/30/2017
-
-
115,786.40
02/01/2018 -
31,873.70
31,873.70
-
08/0l/2018 50,000.00
31,873.70
81,873.70
-
09/30/2018 -
-
-
113,747.40
02/01/2019 -
30,854.20
30,854.20
-
08/0l/2019 50,000.00
30,854.20
80,854.20
-
09/30/2019 -
-
-
111,708.40
02/01/2020 -
29,834.70
29,834.70
-
08/01 /2020 55,000.00
29,834.70
84,834.70
-
09/30/2020 -
-
-
114,669.40
02/01/2021 -
28,713.25
28,713.25
-
08/01/2021 55,000.00
28,713.25
83,713.25
-
09/30/2021 -
-
-
112,426.50
02/01/2022 -
27,591.80
27,591.80
-
08/01/2022 60,000.00
27,591.80
87,591.80
-
09/30/2022
-
115,183.60
02/01/2023 -
26,368.40
26,368.40
-
08/01/2023 60,000.00
26,368.40
86,368.40
-
09/30/2023 -
-
-
112,736.80
02/01/2024 -
25,145.00
25,145.00
-
08/0l /2024 65,000.00
25,145.00
90,145.00
-
09/30/2024 -
-
-
115,290.00
02/01/2025 -
23,819.65
23,819.65
-
08/01 /2025 65,000.00
23,819.65
88,819.65
-
09/30/2025 -
-
-
112,639.30
02/01/2026 -
22,194.65
22,194.65
-
08/01 /2026 70,000.00
22,194.65
92,194.65
-
09/30/2026 -
-
-
114,389.30
02/01/2027 -
20,444.65
20,444.65
-
08/01 /2027 70,000.00
20,444.65
90,444.65
-
09/30/2027-
110,889.30
02/01/2028 -
19,569.65
19,569.65
-
08/01/2028 75,000.00
19,569.65
94,569.65
-
09/30/2028 -
-
-
114,139.30
02/01/2029 -
18,632.15
18,632.15
-
08/01/2029 75,000.00
18,632.15
93,632.15
-
Aggregate 1 7/12/2016 1 9:54 AM
PublicSpecialized
City of Round Rock, Texas
Remaining 2009 Bonds Plus 2016 Refunding Bonds
Fern Bluff MUD Portion Only
Aggregate Debt Service
Part 2 of 3
Date Principal
Interest
Total P+l
Fiscal Total
09/30/2029
-
-
112,264.30
02/01/2030 -
17,600.90
17,600.90
-
08/01 /2030 75,000.00
17,600.90
92,600.90
-
09/30/2030 -
-
-
110,201.80
02/01/2031 -
16,569.65
16,569.65
-
08/01 /2031 80,000.00
16,569.65
96,569.65
-
09/30/2031 -
-
-
113,139.30
02/01/2032 -
15,369.65
15,369.65
-
08/01 /2032 80,000.00
15,369.65
95,369.65
-
09/30/2032 -
-
-
110,739.30
02/01/2033 -
14,169.65
14,169.65
-
08/01 /2033 85,000.00
14,169.65
99,169.65
-
09/30/2033 -
-
-
113,339.30
02/01/2034 -
12,469.65
12,469.65
-
08/01/2034 90,000.00
12,469.65
102,469.65
09/30/2034 -
-
-
114,939.30
02/01/2035 -
10,669.65
10,669.65
-
08/01 /2035 90,000.00
10,669.65
100,669.65
-
09/30/2035 -
-
-
111,339.30
02/01/2036
8,869.65
8,869.65
-
08/01/2036 105,000.00
8,869.65
113,869.65
-
09/30/2036 -
-
-
122,739.30
02/01/2037 -
6,728.70
6,728.70
-
08/01 /2037 105,000.00
6,728.70
111,728.70
-
09/30/2037 -
-
-
118,457.40
02/01/2038 -
4,587.75
4,587.75
-
08/01/2038 110,000.00
4,587.75
114,587.75
-
09/30/2038 -
-
-
119,175.50
02/01/2039 -
2,344.85
2,344.85
-
08/01 /2039 115,000.00
2,344.85
117,344.85
09/30/2039 -
-
-
119,689.70
Total $1,780,000.00
5917,394.56
52,697,394.56
-
Aggregate 1 7/12/2016 1 9:54 AM
SpecializedPublic
City of Round Rock, Texas
Remaining 2009 Bonds Plus 2016 Refunding Bonds
Fern Bluff MUD Portion Only
Aggregate Debt Service
Part 3 of 3
Yield Statistics
Base date for Avg. Life & Avg. CotpOn Calculations _
6/21/2016_
Average Life
13.426 Years
Avera e� Coupon _ _
3.7750108%
Par Amounts Of Selected Issues
09 RR util revs level MUDS (2016 ref) -FB MUD
925,000.00
2016 Utilitev Ref(6/6) Allocations -Fern Bluff MUD _ _
855,000.00
TOTAL
1,780,000.00
Aggregate 1 7/12/2016 1 9:54 AM
SpecializedPublic
Austin, Texas
Page