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MLNDA Board & Officers

No.	Board of Directors	Officers
1.	Jacy Robbins	President
2.	Andy Taylor	Vice President
3.	Christy Sellers	Secretary
4.	Roxanne Hendrickson	Treasurer
5.	Robert Raetzsch
6.	Miriam Jones
7.	Paul Bluntzer	Up for Re-election
8.	Danelle Roddy	Up for Re-election
9.	Jack Walker	Up for Re-election
10.	Michael Messersmith	Up for Re-election

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What Can Membership Do

VOTE in upcoming Nov. 7, 2023 Bond Election
Renew Membership & Donate
Get Involved with Accomplishing MLNDA’s Goals/Objectives for the Upcoming Year
Join MLNDA Board
Meadow Lake WCID:

Attend meetings and participate
Join WCID Board: 2 positions available in Nov. 2024 (requires application submitted 78 days prior to Election to be placed on ballot)

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Fundraising Needs:

Description	Cost
Round 1:
Engineering Study	$125,000
Political Boundary Survey	$25,000
Legal Expenses for WCID	$27,000
TOTAL:	$177,000 ($175K Raised)
Round 2:
WCID Operating Costs thru 2024	$20,000
Legal Expenses for Contract Agreements	$20,000
TOTAL:	$40,000

WCID Operations Costs include: Board liability insurance, Bookkeeping Services, General Counsel Expenses, and County Election Costs
Binding Contractual Agreements expected for the upcoming year include: GBRA, City of Seguin, Sorenson, and Freese & Nichols, Inc.
Without Funding especially for Contract Agreements the Project WILL BE DELAYED.

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MLNDA Goals & Objectives

Committee	Goals / Objectives: 2023-2024
Membership Chair: Danelle Roddy	Have as many property owners and lake residents sign up as possible. More important than ever that members stay informed.
Communications: Chair: Christy Sellers	Keep membership informed throughout the year of the project’s progress and any activities membership can do to support.
Fundraising: Chair: Miriam Jones	Raise the necessary funds for the WCID to continue operations for this upcoming year. Especially important to raise funds to avoid DELAYS.
Lake Clean-up: Chair: ????	Organize the clean-up of the lake and stump removal prior to return of the lake If pursued coordinate with respective parties to remove material from the lake bed to widen and deepen the lake adjacent to Buerger Lane.
Eng. & Construction: Chair: Jacy Robbins	Support WCID in developing contracting strategy for the project, identifying suitable contractors, and developing more accurate estimates for decision making purposes.
Financing & Contracts: Chair: Andy Taylor	Support in binding contractual agreements with GBRA Support in binding contractual agreements with the City of Seguin Identify and pursue additional funding sources for the project with a main focus on additional grants.

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MLNDA Director Election

Re-Election: Paul Bluntzer
Re-Election: Danelle Roddy
Re-Election: Jack Walker
Re-Election: Michael Messersmith
Nomination #1:
Nomination #2:

Uncontested: Motion for Membership to Approve Nominated Directors
Contested: Show of Hands. Top six (6) nominees with most votes will be MLNDA directors.
Election Results:

Motion to Approve Re-election of Directors above: Jacy Robbins
Second Motion: Andy Taylor
Motion Passed: Unanimously Approved by Membership

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Project Scope of Work

Obermeyer Gate Replacement w/
Tower Cranes for Construction & Maintenance +
Anchoring for added stability of foundation

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Obermeyer Gate Replacement

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Tower Cranes

Two hammerhead tower cranes on Friant Dam in California replacing roller drum gates with Obermeyer gates
Proposed location of tower cranes at Nolte Dam

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Supply of New Tower Cranes

Potential manufacturers: Comansa, JASO, Potain, and Terex
All tower crane manufacturing in western Europe: Spain, Italy, France. No tower crane manufacturers in North America
Lead Times: 4 to 5 months + shipping

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Foundation Stability Improvements

Anchoring provides Factor of Safety of 2.11 for sliding. Currently FoS is 1.06 with a requirement of 2.0
Anchoring superior to relying on mass/weight alone. Not solely reliant of soil friction.

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Foundation Stability Improvements

Lake Austin – Tom Miller Dam 1940

Failed due to sliding and uplift forces on the foundation

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Hydraulic Inadequacy Often called Embankment Stabilization/Hardening/Over Topping Protection

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PROJECT COSTS

Summary of Costs
Contingency Defined

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COSTS
Construction Costs & Contingencies
	Construction Total Costs w/ direct quotes Estimated Costs Overhead & Profit	$12,218,900 $6,503,000 $6,000,700 ($1,800,210) 30% $900,200 ($900,200)
	Overall Contingency	($4,047,300)
	Water & Flood Management Contingency	($1,185,000)
PM&E
	Project Management	($1,264,200)
	Engineering	$1,178,000
OVERALL COSTS
	Project Costs Costs of Issuance	$19,900,000 $940,000
	TOTAL COSTS	$20,840,000
	City of Seguin Contribution	($5,000,000)
	WCID Bond Authorization	$15,840,000

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CONTINGENCY

Contingency	Examples	Impact
Economic Conditions	Price variations, material escalations, commodity shortages, labor rate variations	Unknown
Schedule	Weather delays, long lead item delays, commodity shortages	Minimal, proper planning
Insufficient Geotechnical	Variations in soil parameter assumptions	Minimal, increase anchoring load
Differing Site Conditions	Limited information, existing structure may differ from existing drawings	Minimal, field survey
Design Changes	Specification changes	Minimal, proven gate system on an existing structure

United States Society of Dams – Guidelines for Dam Engineers:

“Contingency is the dollar value of the uncertainty in an estimate”
“Contingency is the most controversial element of producing Engineer’s Estimate”

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FINANCING

Financing - Loan
Funding Sources

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Financing - Loan

Summary of Benefits:

0.5% to 1.0% reduction in market interest rates
35 year term to be paid after completion of construction
Flexible debt structuring
No pre-payment penalties at anytime – very beneficial for refinancing at lower rates in the future
Finance up to 80% of project, w/ City’s $5 million contribution this would fund all District costs
No penalty if project requires less funding
Benefits above represent approximately 20% savings on tax rate

Timeline:

Sep. 18 – Dec. 18: Pre-Application Submittal
Jan. – Mar.: Review and invitation for full application
District turn in Full Application
30 – 90 days: Process full Application
30 days: Loan Closing (TCEQ approval required before closing)

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Funding Sources

City of Seguin

$5 million planned Contribution, resolution passed by City Council of August 15^th, 2023
Binding Contract w/ City for Contribution upon successful bond election

Department of Energy: Maintaining & Enhancing Hydroelectric Incentives Program

Full Application successfully submitted on October 4^th, 2023
Collaboration b/w Meadow Lake WCID, MLNDA, City of Seguin, and GBRA
30% of Project Costs up to $5 million max.
$550 million in funding allocated, $850 million projects applied (65% of projects)
Expect application to score 12 out of 14 possible points under Dam Safety. Likely a strong application
Expected Award within next 6 months

Other Grants – MLNDA and the WCID will continue to purse all available future grants and funding sources to the reduce tax burden.
Legislative Appropriations – Continue working with US and State representatives. Low likely hood currently

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Plan Forward

Bond Election
Securing Financing
Conveyance of Ownership Agreement
Operator Agreement

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Conveyance of Ownership

MOU w/ GBRA (29-Sep-23):

Successful Bond Election
Securing of adequate funding by WCID

US Corps approval
City of Seguin Contribution Agreement

GBRA and WCID reach agreement for transfer of ownership
Final Engineering, bids received, and contractor(s) awarded. Verification sufficient funds secured
WCID elects to move forward
Approval of sale and transfer completed by both parties

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Operator Agreement Summary

Ownership:

Dam incl. gates: District
Hydroelectric Assets: Operator

Revenue:

Annual Avg.: $450k
Capacity Payment: 100% Sorenson (approx. $180k)
Hydro Production: Split (avg. $270k)

$40k to $80k to district, 10% - 20% (TBD)
Remaining hydro revenue: Sorenson
Intention is for hydro revenues received by district to fully cover major maintenance of gates

Maintenance & Operation of Gates:

Operation of Gates - Operator
Routine Maintenance – covered by operator
Major Maintenance – revenues generated from hydro
District will have oversite to ensure gates maintained

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Bond Election

Voter Eligibility
Assessed Property Values and Exemptions
Tax Impacts

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Voter Eligibility

Must “reside” within boundaries of the WCID. Same as deciding who votes in City, County and State elections, determined by boundaries.
Definition of “Reside” Quotes from Supreme Court Rulings:

“every person is strongly presumed to have the right and privilege of fixing his residence according to his own desires.”
“Residence is defined to mean domicile i.e. one’s home and fixed place of habitation to which one intends to return after any temporary absence.”
College Student Example

Homestead, property ownership, or primary residence NOT a requirement in determining voter registration.
Must register to vote within the boundaries of the district if you want to be eligible to vote in the WCID Bond Election.
Last Day to Register: Tuesday, October 10^th

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Assessed Property Values and Exemptions

Assessed Property Values – the value determined by the Guadalupe Independent Appraisal District. Includes all State mandated exemptions. NOT the same as market value.

Homestead Cap – limits increase in assessed value to 10% in a given year (approx. 40% of properties)
Ag exemption or Ag Use (approx. 15 properties)
Disabled Veterans, level 1-4 (approx. 6 properties)
Public Property (GBRA properties)

Taxable Property Values – assessed values with local taxing authority exemptions included:

Homestead (limited to State’s maximum exemption amount)
Over 65 tax ceiling limit (assessed value frozen on year adopted)
Disabled persons
Solar

Each local taxing authority (School District, County, City, WCID) adopts their own State allowed exemptions.
WCID has powers to only consider adopting a HOMESTEAD EXEMPTION
Because the WCID does not currently plan to adopt any allowed exemptions the assessed property values = taxable property values for the district. Could change in future.

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BOND ELECTION - TAX IMPLICATIONS

Refer to Tax Impact Analysis Spreadsheet

Propositions:

A: Principial in an amount not to exceed $15.84 million
B: Authority for board to refinancing debt in future
C: O&M Tax: for funding liability insurance, general counsel services, bookkeeping and auditing

Democratic Process – simple majority approves
Everyone has the right to vote “for” or “against”
Passing Vote – move forward with Plan
Failed Vote:

signals to WCID Board too high of a bond amount
Delays schedule
Re-evaluate financing options
A bond election in May could be considered with a lower bond amount

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COSTS FACTORS FOR VOTER CONSIDERATION

Factor	Confidence	Tax Impact (Reductions)
Reduction in Project Costs	$19.9 million to $12 million 99% to 75%	20% to 40%
US Corps (CWIFP) Loan Financing	> 75%	20%
City of Seguin $5 million Contribution	> 95%	25%
DOE Grant	> 65%	30%
Future Grants	> 40%	???
Legislative Appropriations	< 10%	???
Other Funding Sources	< 10%	???
WCID Adopted Exemptions	> 40%	20% decrease Homestead 20% increase for non-homestead

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