CDFA Texas Financing Roundtable Newsletter - November 2013

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Castro County Spinning Up 300 MW Wind Project
The project will be located in a Competitive Renewable Energy Zone, or CREZ, geographic areas identified by the Public Utilities Commission of Texas to encourage wind power development and connect them to large cities with high electricity demands via new transmission lines.
Fitch Rates TX Public Finance Authority's $45M GOs 'AAA'
Fitch Ratings has assigned an 'AAA' rating to the following Texas Public Finance Authority (TPFA) state of Texas general obligation (GO) bonds: $44,870,000 GO refunding bonds, series 2013.
The bonds will sell via negotiated sale on or about Dec. 4, 2013.
Coats|Rose Lawyers Close Innovative Bond Financing PID
Coats|Rose lawyers closed one of the first Texas municipal bond financings secured solely by "assessments" collected through a Public Improvement District (PID). PID financing utilizes an annual assessment fixed in amount over 30 years levied only on the lots being served by the improvements.
States Raising Money for Highways by Increasing Tolls
In the past, state and federal gas taxes largely covered the cost of building and maintaining roads. But the federal gas tax, currently 18.4 cents per gallon, has not changed in 20 years. Meanwhile, people are driving less and vehicles are becoming more fuel efficient.
Texan Voters Approve Water Fund
Proposition Six, which had more than 73 percent of the vote in late returns, would create a state revolving fund capitalized by a $2 billion withdrawal from the state's rainy day account to help finance more than $50 billion in water projects midway through the 21st Century.
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| Texas News |
Austin Lists Organizations for Free Google Fiber
Austin Business Journal | Nov. 25 | Infrastructure Finance | Local Finance Program
Texas Water Development Board Issuing its First Loans
Hispanic Business | Nov. 25 | Infrastructure Finance | Revolving Loan Funds (RLFs) | State Finance Program
Ag Secretary Announces $6M for Rural Economic Development
Cherokeean Herald | Nov. 25 | Economic Development | Rural Development | U.S. Dept. of Agriculture (USDA)
Round Rock Strikes 2 Deals in 1 Day: 90 New Jobs and $14M
13 ABC | Nov. 25 | Economic Development | Local Finance Program
Clean Energy Opens LNG Plant in San Antonio
San Antonio Business Journal | Nov. 25 | Energy Finance | Infrastructure Finance
Gov. Perry Announces TEF Investment Creating 240 Jobs
Office of the Governor of Texas | Nov. 22 | Economic Development | State Finance Program
Water Conservation Takes Center Stage in Kansas, Texas
Drovers Cattle Network | Nov. 22 | Infrastructure Finance
Wal-Mart to Build 2nd Large Distribution Hub in Fort Worth
Dallas Business Journal | Nov. 22 | Economic Development
Changes to TIRZ Bring Changes to North Downtown Bryan
KAGS | Nov. 21 | Infrastructure Finance | Local Finance Program | Tax Increment Finance (TIF)
Houston Redevelopment Authority Restructures with $33M Deal
The Bond Buyer | Nov. 21 | Bond Finance | Redevelopment | Tax Increment Finance (TIF)
UTSA Launches Link with Brazilian Small Businesses
UTSA | Nov. 18 | Economic Development | International
Houston Voters Reject Rehabilitation of Astrodome
Governing | Nov. 13 | Bond Finance | Local Finance Program | Redevelopment
Council Accepts 75/25 Tax Revenue Split for Public Projects
The Highlander | Nov. 8 | Infrastructure Finance | Tax Increment Finance (TIF)
ACEEE Releases State Energy Efficiency Scorecard
ACEEE | Nov. 7 | Energy Finance | State Finance Program
Emancipation Park to Receive $33M Renovation
Memorial Examiner | Nov. 5 | Community Development | Infrastructure Finance | Local Finance Program
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| New Additions to the Online Resource Database |
Texas Economic Development Recommendations
Economic Development
This report is a set of recommendations for economic development policy from a variety of entities working in the field. Read on to find the reports from the Council on Workforce and Economic Competitiveness, Texas Economic Development, Texas Economic Development Council, Texas Association of Business, and The Perryman Group.
City of Dallas' Redevelopment Playbook
Local Finance Program | Redevelopment
Dallas' many programs to encourage redevelopment are explained here by Sue Hounsel with the City of Dallas Office of Economic Development. Highlights are: business recruitment/retention tools, TIFs and PIDs, bond program funding for economic development, NMTCs, EB-5 program, and a sustainable development grant program.
Combining and Leveraging TIF with Other Tools: Sample Projects
Infrastructure Finance | Tax Credits | Tax Increment Finance (TIF)
Tony Smith with S.B. Friedman shares extremely detailed case studies from Texas and Illinois where NMTCs, among other tools, and TIF helped finance community-transcending projects.
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| New Members |
Zilkha Biomass - Houston, TX
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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.
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Council of Development Finance Agencies
85 E. Gay Street, Suite 700
Columbus, OH 43215
(614) 224-1300
info@cdfa.net
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