1. City of evanston 2019A and 2019B General Obligation Bonds
Hitesh Desai, Chief Financial Officer/Treasurer
April 8, 2019

2. Overview

3. 2019A – Robert Crown Project
$15 million project fund in 2019 (not-to-exceed $18 million)
Capitalized interest through 12/1/2019
12/1/2043 final maturity to match 2018A series
Principal amortization begins 2022
No TEFRA hearing required
Key Results
Par
$13,285,000
Total Interest Cost
$10,559,269
Average Annual Debt Service
$974,230
Total Debt Service
$23,844,269
TIC
3.654%
Arbitrage Yield
3.001%
Notes:
Based on spread to interpolated AAA MMD as of 3/15/19
Assumes 10-year par call

4. 2019A – Robert Crown Project

5. 2019A – Robert Crown Project
Impact of the Project Debt Service on the City’s Property Tax

6. 2019B – Capital Improvement Plan
$15 million project fund for City’s annual CIP (not-to-exceed $18 million)
Capitalized interest through 12/1/2019
12/1/2039 final maturity
Principal amortization begins 2020
Key Results
Par
$13,280,000
Total Interest Cost
$8,344,900
Average Annual D/S
$1,056,161
Total Debt Service
$21,624,900
TIC
3.404%
Arbitrage Yield
2.851%
Notes:
Based on spread to interpolated AAA MMD as of 3/15/19
Assumes 10-year par call on tax-exempt bonds

7. 2019B – Capital Improvement Plan

8. 2019b – Capital improvements
City Capital Projects = $9,235,000
Full project list included in packet

9. 2019b – Capital improvements

10. 2019b – Capital improvements

11. Debt limit resolution – 35-R-19
To increase current tax-supported principal debt limit from $150,000,000 to $160,000,000
2019 unabated includes principal amounts for Crown Project, General CIP, and library projects
Estimated Unabated General Obligation Debt
Unabated Principal as of 01/01/2019
$ 134,525,872
Estimated 2019 A&B Bonds – unabated principal
$ 23,275,000
2019 payment
$ ( 7,219,250)
Total Estimated Unabated Debt as of 12/31/2019
$ 150,581,622