1. City Council
December 13, 2012
College Station Medical District
TIRZ

2. Objectives of the Presentation
 Review the Medical District
Opportunities and Purpose
 Review the Implementation Steps
Related to the Medical District
 Review the Tools Proposed for the
Implementation
 Provide Specifics/Discuss the
Proposed Medical District TIRZ
 Discuss Next Steps

3. The Opportunities
Vision Statement
College Station, the proud home of Texas A&M University and
the heart of the Research Valley, will remain a vibrant, forward-thinking, knowledge-based community which promotes the highest
quality of life for its citizens by …
Ensuring safe, tranquil, clean, and healthy neighborhoods
with enduring character;
Increasing and maintaining the mobility of College Station citizens through a well planned and constructed inter-modal
transportation system;
Expecting sensitive development and management of the built and natural environment;
Supporting well planned, quality and sustainable growth;
Valuing and protecting our cultural and historical community resources;
Developing and maintaining quality cost-effective community facilities, infrastructure and services which ensure our City is
cohesive and well connected; and,
Pro-actively creating and maintaining economic and educational opportunities for all citizens.
College Station will continue to be among the friendliest and
most responsive of communities and a demonstrated partner in maintaining and enhancing all that is good and celebrated in the
Brazos Valley. It will continue to be a place where Texas and the
world come to learn, live, and conduct business!

4. The Opportunities
•Population is Aging
•Older Adults Require Greater Health Care
•Aging Population is Seeking Alternative
Housing Options
•Health Care Costs Rising
•Greater Emphasis on Healthy Living
•Aging Population = Greater Health Care
Needs = Greater Employment Opportunities

5. The Medical District
Unique Place of Distinction
Place to Work, Visit, Live,
Recreate, and Seek Health Care
Oriented around Health &
Wellness
Physically Integrated Parts for a
Better Whole
Managed as District

6. Realizing the Vision
 Significant Private Investment (the Med,
Scott & White, and Others)
 Shared Commitment to the Vision
 Significant Infrastructure Investment
(Rock Prairie Road Bridge, Rock Prairie Road, Barron Road,
Sanitary Sewer, Lick Creek Greenway Trail, etc)
 Time is of the Essence

7. Realizing the Vision
 Financing Needed Infrastructure
◦ Estimated Minimum $60 Million Needed
◦ Estimated Nearly Half of This Cost is Necessary for Any
Development
◦ Projects are of Magnitude Requiring City Involvement
(Debt, Property Taxes, Rate Increases, etc)

8. Tax Increment Reinvestment
Zones
 TIRZ – Authorized under Chapter 311 of the
Texas Tax Code
 For Areas of City that are underdeveloped due to
some inadequate or defective condition
 “Capture” an increment of new value to pay for
remedies to inadequate or defective conditions
 Existing value/tax revenues continue to flow to
taxing entity
 Based on Council-approved project list and
finance plan
 Secure participation agreement w/ taxing entities
 Governed by Council-appointed Board
 May be combined with other funding
mechanisms (LGC, MMD, Private funding, etc)

9. Tax Increment Reinvestment
Zones

10. Medical District TIRZ 18

11. Medical District TIRZ 19

12. Medical District TIRZ 18 and 19
 Preliminary Finance Plan
◦ Chapter 311 of Texas Tax Code Requires
Development of Preliminary Finance Plan
◦ After TIRZ creation by Council, the TIRZ Board
will develop Final Project List and Finance Plan
and Submit for Council Approval
◦ Preliminary Finance Plan Includes:
 List of Project Costs
 Economic Feasibility Study
 Estimated Amount of Bonded Indebtedness
 Time When Costs or Obligations are Incurred
 Financing Methods and Expected Sources of Revenue
 Current Total Appraised Value of Property in Zone
 Estimated Capture Value of Zone in Each Year of Existence
 Duration of Zone

13. Medical District TIRZ 18 - West

14. Medical District TIRZ 18 -
West
 Project Costs

15. Medical District TIRZ 18 - West

16. Medical District TIRZ 18 -
West
 Economic Feasibility Study
◦ $117,000,000 in new development
projected over the life of the zone.
 Estimated Amount of Bonded
Indebtedness
◦ Dependent on revenues generated in
TIRZ

17. Medical District TIRZ 18 -
West When Costs or Obligations
Time
are Incurred
Estimated Medical District TIRZ 18
100% 83.94% Annual
New New Non Res & Total New Captured COCS BC Total TIF
Residential Multi Family Development Appraised Value Tax Revenue Tax Revenue Revenue
Year 1 $0 $1,000,000 $1,000,000 $ 1,000,000 $ 4,307 $ - $ 4,307
Year 2 $0 $4,000,000 $4,000,000 $ 5,000,000 $ 21,534 $ - $ 21,534
Year 3 $0 $5,000,000 $5,000,000 $ 10,000,000 $ 43,069 $ - $ 43,069
Year 4 $0 $5,000,000 $5,000,000 $ 15,000,000 $ 64,603 $ - $ 64,603
Year 5 $0 $12,000,000 $12,000,000 $ 27,000,000 $ 116,285 $ - $ 116,285
Year 6 $0 $2,000,000 $2,000,000 $ 29,000,000 $ 124,899 $ 118,062 $ 242,961
Year 7 $0 $8,000,000 $8,000,000 $ 37,000,000 $ 159,354 $ 150,630 $ 309,985
Year 8 $0 $10,000,000 $10,000,000 $ 47,000,000 $ 202,423 $ 191,341 $ 393,764
Year 9 $0 $10,000,000 $10,000,000 $ 57,000,000 $ 245,492 $ 232,052 $ 477,544
Year 10 $0 $16,000,000 $16,000,000 $ 73,000,000 $ 314,402 $ 297,190 $ 611,591
Year 11 $0 $1,000,000 $1,000,000 $ 74,000,000 $ 318,708 $ 301,261 $ 619,969
Year 12 $0 $4,000,000 $4,000,000 $ 78,000,000 $ 335,936 $ 317,545 $ 653,481
Year 13 $0 $4,000,000 $4,000,000 $ 82,000,000 $ 353,163 $ 267,064 $ 620,227
Year 14 $0 $4,000,000 $4,000,000 $ 86,000,000 $ 370,391 $ 280,091 $ 650,482
Year 15 $0 $9,000,000 $9,000,000 $ 95,000,000 $ 409,153 $ 232,052 $ 641,205
Year 16 $0 $1,000,000 $1,000,000 $ 96,000,000 $ 413,460 $ 234,495 $ 647,954
Year 17 $0 $4,000,000 $4,000,000 $ 100,000,000 $ 430,687 $ 162,844 $ 593,531
Year 18 $0 $4,000,000 $4,000,000 $ 104,000,000 $ 447,914 $ 169,357 $ 617,272
Year 19 $0 $4,000,000 $4,000,000 $ 108,000,000 $ 465,142 $ 87,936 $ 553,078
Year 20 $0 $9,000,000 $9,000,000 $ 117,000,000 $ 503,904 $ 95,264 $ 599,167
$0 $117,000,000 $117,000,000 $ 5,340,519 $ 3,137,182 $ 8,482,008

18. Medical District TIRZ 18 -
West
 Financing Methods and Expected
Sources of Revenue
◦ TIRZ Revenues
◦ MMD Revenues
◦ Utility Revenues
◦ General Debt Service
◦ Other Funds

19. Medical District TIRZ 18 -
West Total Appraised Value of Property in
 Current
Zone
◦ $146,667,620
 Estimated Capture Value of Zone in Each
Year of Existence
◦ $117,000,000 over 20 years
 Years 1-5 $27 million
 Years 6-10 $46 million
 Years 11-20 $44 million
 Duration of Zone
◦ 20 Years

20. Medical District TIRZ 19

21. Medical District TIRZ 19 -
East Costs
• Project
Lakeway - From Medical to Barron $ 3,030,000
Barron - From Lakeway to Rock Prairie 6,345,000
Bird Pond - From Rock Prairie to Lakeway 3,290,000
Streets Subtotal $ 12,665,000
Lick Creek Trunk Line Ph II $ 3,350,000
Spring Creek - Baseline C 2,640,000
Spring Creek - Baseline A 3,300,000
Wastewater Subtotal $ 9,290,000
Water - Water Mains $ 1,140,000
Water Subtotal $ 1,140,000
Estimated Infrstructure Costs - A Projects $ 23,095,000
Estimated Infrstructure Costs - B Projects
Rock Prairie Road East - From SH 6 to Bird Pond $ 3,302,000
Unnamed - From Rock Prairie to Lakeway 3,367,000
Lick Creek Trail Greenway 760,000
Subtotal $ 7,429,000
Estimated Infrstructure Costs - B Projects $ 7,429,000
Total Estimated Infrastructure Costs $ 30,524,000

22. Medical District TIRZ 19 -
East
 Project Costs - Streets

23. Medical District TIRZ 19 - East

24. Medical District TIRZ 19 -
East
Project Costs - Wastewater

25. Medical District TIRZ 19 - East

26. Medical District TIRZ 19 -
East
 Project Costs - Water
Bird Pond - Rock Prairie to SH 6 $ 360,000
Barron - Lakeway to Rock Prairie 405,000
Lakeway - Medical to Barron 225,000
Barron - SH 6 to Lakeway 150,000
Priority 1 Water Subtotal $ 1,140,000

27. Medical District TIRZ 19 - East

28. Medical District TIRZ 19 -
East
• Project Costs - Greenways
Lick Creek Trail Greenway $ 760,000

29. Medical District TIRZ 19 - East

30. Medical District TIRZ 19 -
East
 Economic Feasibility Study
◦ $283,000,000 in new development
projected over the life of the zone.
 Estimated Amount of Bonded
Indebtedness
◦ Dependent on revenues generated in
TIRZ

31. Medical District TIRZ 19 -
East When Costs or Obligations
Time
are Incurred
Estimated Medical District TIRZ 19 Revenue
100% 83.94% Annual
New New Non Res & Total New Captured COCS BC Total TIF
Residential Multi Family Development Appraised Value Tax Revenue Tax Revenue Revenue
Year 1 $0 $0 $0 $ - $ - $ - $ -
Year 2 $3,000,000 $0 $3,000,000 $ 3,000,000 $ 12,921 $ - $ 12,921
Year 3 $5,000,000 $500,000 $5,500,000 $ 8,500,000 $ 36,608 $ - $ 36,608
Year 4 $8,000,000 $500,000 $8,500,000 $ 17,000,000 $ 73,217 $ - $ 73,217
Year 5 $9,000,000 $500,000 $9,500,000 $ 26,500,000 $ 114,132 $ - $ 114,132
Year 6 $5,000,000 $5,000,000 $10,000,000 $ 36,500,000 $ 157,201 $ 148,595 $ 305,796
Year 7 $5,000,000 $10,000,000 $15,000,000 $ 51,500,000 $ 221,804 $ 209,661 $ 431,465
Year 8 $5,000,000 $18,000,000 $23,000,000 $ 74,500,000 $ 320,862 $ 303,296 $ 624,158
Year 9 $5,000,000 $18,000,000 $23,000,000 $ 97,500,000 $ 419,920 $ 396,931 $ 816,851
Year 10 $5,000,000 $19,500,000 $24,500,000 $ 122,000,000 $ 525,438 $ 496,673 $ 1,022,111
Year 11 $0 $10,000,000 $10,000,000 $ 132,000,000 $ 568,507 $ 537,384 $ 1,105,891
Year 12 $0 $15,000,000 $15,000,000 $ 147,000,000 $ 633,110 $ 598,450 $ 1,231,560
Year 13 $0 $15,000,000 $15,000,000 $ 162,000,000 $ 697,713 $ 527,613 $ 1,225,326
Year 14 $0 $20,000,000 $20,000,000 $ 182,000,000 $ 783,850 $ 592,751 $ 1,376,601
Year 15 $0 $20,000,000 $20,000,000 $ 202,000,000 $ 869,988 $ 493,416 $ 1,363,404
Year 16 $0 $10,000,000 $10,000,000 $ 212,000,000 $ 913,056 $ 517,843 $ 1,430,899
Year 17 $0 $15,000,000 $15,000,000 $ 227,000,000 $ 977,659 $ 369,655 $ 1,347,314
Year 18 $0 $15,000,000 $15,000,000 $ 242,000,000 $ 1,042,263 $ 394,082 $ 1,436,344
Year 19 $0 $20,000,000 $20,000,000 $ 262,000,000 $ 1,128,400 $ 213,325 $ 1,341,725
Year 20 $0 $21,000,000 $21,000,000 $ 283,000,000 $ 1,218,844 $ 230,424 $ 1,449,268
$50,000,000 $233,000,000 $283,000,000 $ 10,715,493 $ 6,030,099 $ 16,745,591

32. Medical District TIRZ 19 -
East
 Financing Methods and Expected
Sources of Revenue
◦ TIRZ Revenues
◦ MMD Revenues
◦ Utility Revenues
◦ General Debt Service
◦ Other Funds

33. Medical District TIRZ 19 -
East Total Appraised Value of Property in
 Current
Zone
◦ $27,774,750(Total Assessed Value)
◦ $9,846,850 (Taxable)
 Estimated Capture Value of Zone in Each Year of
Existence
◦ $283,000,000 over 20 years
 Years 1-5 $26.5 million
 Years 6-10 $95.5 million
 Years 11-20 $161 million
 Duration of Zone
◦ 20 Years

34. Medical District TIRZ 18 and 19
 Actions Requested
◦ Presentation TIRZ 18 and TIRZ 19 Proposals and
Preliminary Finance Plan
◦ Public Hearing on TIRZ 18 and TIRZ 19
◦ Approval of Ordinance Creating TIRZ 18 and TIRZ 19,
adopting Preliminary Project and Finance Plans, and
adopting the TIRZ Boards

35. Medical District TIRZ
 ActionsThat Will Follow December
13th Council Meeting
◦ Council Appointment of Board of Directors
◦ Board of Directors Adopts the Final Project Plan and
Financing Plan, then Submits to Council for Approval
(will include an economic feasibility study)
◦ Council Adopts the Final Project Plan and Financing
Plan by Ordinance
◦ City Enters Into a Participation Agreement with
Brazos County
◦ City Submits a First Year Report to Texas Comptroller
(due by April 2013)
◦ City Submits Annual Report to Brazos County,
CSISD, and Texas Comptroller Following Each Fiscal
Year Thereafter

36. Questions?