Contract - Brushy Creek MUD - 7/28/2016FIRST AMENDMENT TO THE
WASTEWATER SERVICE AGREEMENT
BETWEEN THE
CITY OF ROUND ROCK
AND
BRUSHY CREEK MUNICIPAL UTILITY DISTRICT
THIS FIRST AMENDMENT TO THE WASTEWATER SERVICE
AGREEMENT BETWEEN THE CITY OF ROUND ROCK AND BRUSHY CREEK
MUNICIPAL UTILITY DISTRICT (the "First Amendment") is dated and entered into as of the
le day of 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 Brushy Creek
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 Brushy Creek Municipal Utility
District, (the "Agreement") effective as of 0t4zoL',_t-1— 2009r_; 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 them in the Agreement,
unless the context clearly requires otherwise.
First Amendment Brushy Creek MUD- draft- 7-12-16 (00360664xA08F8).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, Brushy Creek 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 A".
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. In 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)
OA
BRUSHY CREEK MUNICIPAL UTILITY DISTRICT
- h
By:;7
QIC CCS
c�c 5 , President
Attest:
By: xl"t9l,
USe etary
Attest:
CITY OF ROUND ROCK, TEXAS
By:
Alan McGraw, Mayor
111 IN!
W,1/ 1�rr.
Sara White, City Clerk
cvulni r
"Xi
City of Round Rock, Texas
Remaining 2009 Bonds Plus 2016 Refunding Bonds
Brushy Creek MUD Portion Only
Aggregate Debt Service
Part 1 of 3
Date Principal
Interest
Total P+I
Fiscal Total
08/01/2016 165,000.00
80,754.24
245,754.24
-
09/30/2016 -
-
-
245,754.24
02/01/2017 -
116,601.30
116,601.30
-
08/01/2017 170,000.00
116,601.30
286,601.30
-
09/30/2017
403,202.60
02/01/2018 -
113,139.25
113,139.25
-
08/01 /2018 175,000.00
113,139.25
288,139.25
-
09/30/2018 -
-
-
401,278.50
02/01/2019 -
109,575.38
109,575.38
-
08/01/2019 185,000.00
109,575.38
294,575.38
09/30/2019 -
-
-
404,150.76
02/01/2020 -
105,807.85
105,807.85
-
08/01/2020 190,000.00
105,807.85
295,807.85
-
09/30/2020 -
-
-
401,615.70
02/01/2021 -
101,938.50
101,938.50
-
08/01 /2021 200,000.00
101,938.50
301,938.50
-
09/30/2021 -
-
-
403,877.00
02/01/2022 -
97,86550
97,865.50
-
08/01 /2022 210,000.00
97,865.50
307,865.50
-
09/30/2022
405,731.00
02/01/2023 -
93,588.85
93,588.85
-
08/01/2023 215,000.00
93,588.85
308,588.85
-
09/30/2023 -
-
-
402,177.70
02/01/2024 -
89,210.38
89,210.38
-
08/01 /2024 225,000.00
89,210.38
314,210.38
-
09/30/2024 -
-
-
403,420.76
02/01/2025 -
84,628.25
84,628.25
-
08/01/2025 230,000.00
84,628.25
314,628.25
-
09/30/2025 -
-
-
399,256.50
02/01/2026
78,878.25
78,878.25
-
08/01/2026 245,000.00
78,878.25
323,878.25
-
09/30/2026 -
-
-
402,756.50
02/01/2027 -
72,753.25
72,753.25
-
08/01/2027 255,000.00
72,753.25
327,753.25
-
09/30/2027 -
400,506.50
02/01/2028 -
69,565.75
69,565.75
-
08/01/2028 260,000.00
69,565.75
329,565.75
-
09/30/2028 -
-
-
399,131.50
02/01/2029 -
66,315.75
66,315.75
-
08/01/2029 265,000.00
66,315.75
331,315.75
Aggregate 1 7/1212016 1 9:53 AM
Specialized Public Finance Inc.
Austin, Texas
Page
City of Round Rock,Texas
Remaining 2009 Bonds Plus 2016 Refunding Bonds
Brushy Creek MUD Portion Only
Aggregate Debt Service Part 2 of 3
Date Principal Interest Total P+I Fiscal Total
09/30/2029 - - - 397,631.50
02/01/2030 - 62,672.00 62,672.00 -
08/01/2030 275,000.00 62,672.00 337,672.00 -
09/30/2030 - - - 400,344.00
02/01/2031 58,890.75 58,890.75 -
08/01/2031 285,000.00 58,890.75 343,890.75 -
09/30/2031 - - - 402,781.50
02/01/2032 - 54,615.75 54,615.75 -
08/01/2032 290,000.00 54,615.75 344,615.75 -
09/30/2032 - - 399,231.50
02/01/2033 - 50,265.75 50,265.75 -
08/01/2033 300,000.00 50,265.75 350,265.75 -
09/30/2033 - - - 400,531.50
02/01/2034 - 44,265.75 44,265.75 -
08/01/2034 310,000.00 44,265.75 354,265.75
09/30/2034 - - - 398,531.50
02/01/2035 - 38,065.75 38,065.75 -
08/01/2035 325,000.00 38,065.75 363,065.75 -
09/30/2035 - - - 401,131.50
02/01/2036 31,565.75 31,565.75
08/01/2036 365,000.00 31,565.75 396,565.75 -
09/30/2036 - - - 428,131.50
02/01/2037 - 24,132.53 24,132.53 -
08/01/2037 380,000.00 24,132.53 404,132.53 -
09/30/2037 - 428,265.06
02/01/2038 - 16,393.83 16,393.83 -
08/01/2038 395,000.00 16,393.83 411,393.83 -
09/30/2038 - - - 427,787.66
02/01/2039 - 8,349.65 8,349.65 -
08/01/2039 410,000.00 8,349.65 418,349.65 -
09/30/2039 - - - 426,699.30
Total 56,325,000.00 $3,258,925.78 $9,583,925.78
Aggregate 1 7/12/2016 1 9:53 AM
SpecializedPublic
City of Round Rock,Texas
Remaining 2009 Bonds Plus 2016 Refunding Bonds
Brushy Creek MUD Portion Only
Aggregate Debt Service Part 3 of 3
Yield Statistics
Base date for Avg.Life&Avg.Coupon Calcu__lat_i_o_ns 6/21/2016
Average Life 13.441 Years
Aver�geCoupon _ _ 3.7698211%
Par Amounts Of Selected Issues
09 RR util revs level MUDS(2016 ref)-BC MUD 3,285,000.00
2016 Utility Rev Ref(6/6)Allocations-Brushy Creek MUD 3,040,000.00
TOTAL 6,325,000.00
Aggregate 1 7/12/2016 1 9:53 AM
SpecializedPublic
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