City Wide Parks Master Plan Discussion of

Parks Master Plan Phase II and III

Phase II and III - City Wide Parks Master Plan FY 13/14 - Action Steps

July 2011 City Commission adoption of City Wide Parks Master Plan and Implementation of Phase I

November 2012 Resolution 2012-104 Directing the City Manager to Develop a Comprehensive Parks General Obligation Bond Education Initiative to Finance Phases II and III of the Parks Master Plan .

August 2012City Manager Presentation - Long Term Capital Financing Strategy

July 2013 Staff Presentation

of Phasing and Timeline

Phase II and III - City Wide Parks Master PlanFY 13/14 - Action Steps

July 2013 – Feb. 2014

Staff Cost Estimation and Due Diligence to establish

estimated G.O. Bond Amount

April/May 2014Ordinance Approving

Ballot Question

April 2014Commencement with

Citywide Public Education Initiative

November 2014Bond

Referendum

2/8/14

Phase II and III

Phase II

Bluesten ParkIngalls ParkGolden Isles Park/Tennis

CenterSunset Park

Phase III

Historic VillageSunrise ParkChaves Lake

HBCRA

OB Johnson Park(Design 2014- 2015Construction 2015-

2016)

Opinion of Probable CostParks Estimated Redevelopment Cost

Bluesten Park $ 36,453,211.00

Ingalls Park $ 1,919,388.00Golden Isles Park $ 1,642,639.00

Golden Isles Tennis Center $ 7,170,215.00Sunset Park $ 553,202.33

Historic Village $ 580,792.50Sunrise Park $ 2,708,144.87

Chaves Lake $ 3,632,474.10

Project Management $ 1,690,746.98Total $ 56,350,813.78

Financing Options/Debt Service Millage

New Money - Final Maturity 10/1/45

(Bond Issue)

New Money - Final Maturity 10/1/35

(Bond Issue)

New Money - Final Maturity 10/1/30

(Bank Loan)

New Money - Final Maturity 10/1/48

(Bond Issue)

New Money - Final Maturity 10/1/38

(Bond Issue)

New Money - Final Maturity 10/1/35

(Bank Loan)

Dated/Delivery Date 3/1/2015 3/1/2015 3/1/2015 3/1/2018 3/1/2018 3/1/2018Par Amount 48,220,000.00 46,835,000.00 49,705,000.00 8,150,000.00 8,010,000.00 8,085,000.00 Project Amount 48,540,247.42 48,540,247.42 48,540,247.42 7,831,149.56 7,831,149.56 7,831,149.56 All-In TIC 4.70% 4.28% 3.77% 5.08% 4.92% 3.87%Maximum Annual Debt Service 3,137,750.00 3,756,000.00 4,394,375.00 532,500.00 645,000.00 716,875.00 Total Debt Service 95,447,433.33 76,413,695.83 66,977,859.38 16,139,708.33 13,090,125.00 10,895,484.38 Capitalized Interest 1,393,233.33 1,340,295.83 1,087,296.88 237,708.33 233,625.00 176,859.38

Hallandale Beach, Florida Scenario Summary - For Discussion Purposes Only

Phase II Phase III

30 Year Bond 20 Year Bond 15 Year Bank Loan

Maximum Annual Debt Service: $ 3,670,250$

4,401,000 $ 5,111,250Debt Service Millage 0.9476 1.1363 1.3197

Maximum Annual Cost Per $100,000 of Taxable Value

Taxable Value 30 Year Bond 20 Year Bond 15 Year Bank Loan $ 100,000.00 $ 94.76 $ 113.63 $ 131.97 $ 200,000.00 $ 189.52 $ 227.26 $ 263.94 $ 300,000.00 $ 284.28 $ 340.89 $ 395.91

The average taxable value of a single family home in the City is $176,558, as such the annual impact to the average resident will be $ 167.31 for a 30 year bond.

The average taxable value of a condominium in the City is $149,230, as such the annual impact to the average resident will be $ 141.41 for a 30 year bond.

Questions?