[{"_1":2,"_87":-5,"_88":-5},"loaderData",{"_3":4,"_26":27},"root",{"_5":6,"_17":10,"_18":19,"_20":21,"_22":10,"_23":-5,"_24":-5,"_25":10},"user",{"_7":8,"_9":10,"_11":10,"_12":-5,"_13":-5,"_14":15,"_16":-5},"roles",[],"isAuthenticated",false,"isPremium","planName","subscriptionStatus","featureFlags",{},"insightsBudget","isDevelopmentHost","userPreferences",{},"recaptchaSiteKey","6LcvOJcUAAAAAHsB-gPGfGktcRlKpH7OTIU_dMTD","isImpersonating","impersonation","affiliateStatus","isFreedomPortal","routes/v2/article/layout",{"_28":29,"_30":31},"notFound",true,"relatedArticles",[32,75],{"_33":34,"_35":36,"_37":38,"_39":40,"_41":42,"_43":44,"_45":46,"_47":48,"_49":50,"_51":52,"_53":54,"_55":56,"_57":58,"_59":60,"_61":62,"_63":64,"_65":66,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},"mediaId",6514015,"mediaKeyId","5065418-38504338208ab918fe5c372e23578b63","parentId",5065418,"title","Public Utilities Board backs bond ordinances, approves $5.25 million DKJ concrete contract amendment","audioSeconds",471,"startMs",61000,"endMs",532000,"viewUrl","/Search/View?dp=1&key=5065418-38504338208ab918fe5c372e23578b63&start=61&end=532","thumbnailUrl","https://assets.pipeline.soar.com/5065418-38504338208ab918fe5c372e23578b63/thumbnail_61000.jpg","articleUrl","/articles/6514015/Denton-City/Denton-County/Texas/Public-Utilities-Board-backs-bond-ordinances-approves-525-million-DKJ-concrete-contract-amendment","mediaUrl","https://secure.pipeline.soar.com/6514015-130937de32ec73b1c3839bcbfde2d1b9/orig.mp4?Expires=1771142797&Signature=TTyMjolTEnZ1pdN-OAZbmzrw0sOTZcbqfxIAx2k5StXZTKDk3b3xxoIZRU8H06g7E3ZJ9HxhtbBh8txHJKE18HmbIJzPut~06S4ASolP~mrBK-rUSRIT~P91m~Fuu0OlC1bh64X3IlhDlHr1ovEO-dtYpqwHL5T8sKHfAiq45d0t7epiPUOEKGwhgzr~vDZwXy-OVLIgt2C0-JECEfuh6vfNrnH2kilKEuxAFvm2bF-1i-99G8Xq9azVkXuTCQU~RNAFsRvz~yFJISRgfqZvubOpo~nyfiBFCC81WJotG7nmZQkK1ZV6v5wswJT89Ugv2PTXZqe0U2IJuXpuTvP6QQ__&Key-Pair-Id=KUT5TJCACFTXG","author","Denton","date","2025-06-23T00:00:00Z","article","The City of Denton Public Utilities Board on June 23 unanimously recommended that City Council adopt two bond ordinances — up to $142,565,000 in general obligation refunding and improvement bonds and up to $254,050,000 in certificates of obligation — and approved a first amendment to the contract with DKJ Concrete Construction not to exceed $5,250,000.

The recommendations for the two ordinances were framed as steps that allow the city to proceed to a bond sale this summer. Randy Klingle, Treasury Manager, told the board the certificates of obligation (CO) notice of intent was published May 24 and May 31 in the Denton Record-Chronicle and on the city website, and that the board’s recommendation will go to council on July 15. Klingle said the city expects to take the bonds to market July 23 and to receive proceeds around Aug. 26.

Why it matters: the ordinances fund capital projects across utility funds — Klingle reported the water allocation at about $80,600,000, wastewater at about $77,100,000, the electric fund reduced to about $44,000,000 from earlier figures, and solid waste reported at roughly $11.1 million (a figure in the presentation was also given as $11,125,711). Klingle said the combined CO sale with general government and utilities will total $254,050,000 and that potential refunding of older bonds could yield about $1.3 million in savings.

Board action and votes: the board voted unanimously to recommend adoption of the ordinance authorizing issuance, sale and delivery of up to $142,565,000 in general obligation refunding and improvement bonds (motion by Susan Parker; second by Lee) and unanimously to recommend adoption of the ordinance authorizing issuance, sale and delivery of up to $254,050,000 in certificates of obligation (motion by Newquist; second by Rainer). The board also approved a first amendment to the contract with DKJ Concrete Construction for utility cut restoration services (motion and second recorded on the consent agenda; vote unanimous). The motions passed with an oral unanimous “aye”; a numerical roll call was not read into the record.

About the DKJ contract: Casey Bowles, Water and Wastewater Field Operations Division Manager, described the service as a contracted crew that \"restore[s] the asphalt, concrete, and sod, or landscaping when we dig up a water line or a wastewater line for repair.\" The item was presented as a first amendment to the existing contract, increasing the not-to-exceed amount to $5,250,000 to cover restorations following both planned excavations and emergency repairs such as main breaks or sewer collapses.

Budget and refunding details: Klingle said the city reviews the possibility of refunding annually to find savings in callable issues; he reported refunded bonds at about 4.4% and projected market rates for replacement at about 3.55%. He described those projections as modestly better than rates in the last couple of years. The presentation included project lists by fund; staff noted the electric fund removed a land-and-building construction project from the bond list, reducing its bond-funded amount.

Next steps: the board’s recommendations move to City Council for final action; the treasury manager said staff will present the ordinances to council on July 15 ahead of the anticipated July 23 sale.

Ending: Board members asked for follow-up details on interest-rate history and project-level changes; staff offered to provide that information to the board before council action.","mediaType","Video","parentTitle","Denton - Public Utilities Board on 2025-06-23 9:00 AM - Jun 23, 2025","oneSentenceSummary","The City of Denton Public Utilities Board on June 23 unanimously recommended that City Council adopt two bond ordinances — up to $142,565,000 in general obligation refunding and improvement bonds and up to $254,050,000 in certificates of obligation — and approved a first amendment to the contract with DKJ Concrete Construction not to exceed $5,250,000.","taxTitle","Denton City, Denton County, Texas","taxId",2787,"location","headline","","shortSummary",{"_33":76,"_35":36,"_37":38,"_39":77,"_41":78,"_43":79,"_45":80,"_47":81,"_49":82,"_51":83,"_53":84,"_55":56,"_57":58,"_59":85,"_61":62,"_63":64,"_65":86,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},6514010,"Denton staff to research buying existing power plants after council discussion",330,590000,920000,"/Search/View?dp=1&key=5065418-38504338208ab918fe5c372e23578b63&start=590&end=920","https://assets.pipeline.soar.com/5065418-38504338208ab918fe5c372e23578b63/thumbnail_590000.jpg","/articles/6514010/Denton-City/Denton-County/Texas/Denton-staff-to-research-buying-existing-power-plants-after-council-discussion","https://secure.pipeline.soar.com/6514010-0f05b19e8d362b8c4300016f4f41d39d/orig.mp4?Expires=1771142797&Signature=hHMFkHr-jRRtoptt3I5cOzW1pJcGf5PnvB4JK6jI8m3ceybsCl8bRrN1h4T4wyagSG6-lA4uxq1Vn3Ts0TkeIWf4-Nuq6YJFfsFJwO4SIlM8p-rcuxFF4sBosC9Btmkogq9VWF65scSdYKGh4WIcRFxvh054g0smN0eZ6qvxldmRMArpOoO3DFy32z1jcDx~~Dcuz1xt5alHTBIku6RvXW9e7JwXbF8kL0H9TeGw~cfjbpGDsXfPiLs1r8PWM7Zag6Gp8fxxP1Vb~GI7ZbMTjjfsc-dIQEl47oLcV76G7b-z8jUuHOcgI14XyzjQNI87fnVF0wY9c~sEyy5SyBaB1w__&Key-Pair-Id=KUT5TJCACFTXG","Denton Public Utilities Board members on June 23 discussed a recent City Council direction to research whether acquiring existing electric generation facilities in the ERCOT market could help the city address a shortfall in dispatchable generation.

A staff member told the board the same presentation given to council on June 3 was discussed again with council on June 17, and council asked staff to explore acquiring an existing facility or evaluating proposed projects. The staff member said there is no specific lead at this time but noted there are \"over 100 existing natural gas facilities in the market\" and that acquiring an existing plant could get capacity on the ground faster than building new generation.

Why it matters: staff described the idea as a potential way to reduce the city\reficit between peak load and dispatchable resources. The staff member said costs and environmental remediation could be substantial for some older facilities (for example, coal or lignite plants) and that the city would weigh those costs against the benefit of faster acquisition. He cited CPS Energy
s an example of another utility that converted an acquired facility.

Board members asked procedural and policy questions about how deeply to discuss the matter at this meeting; the city attorney advised limiting substantive deliberation and advised that follow-up material be returned in a memo or at a work session. Several board members requested the presentation the council received and asked staff to return with information on scale, timeline and how this option fits the planning process the board discussed in May.

No formal board action or decision to acquire a facility was taken; the board directed staff to return with a work session item or memo that includes the council presentation and answers to the board
bout scope, timing and potential costs.

Ending: Staff said they will bring the full presentation and additional analysis to the board at a future work session; board members signaled interest in examining any opportunity to accelerate dispatchable capacity but asked for more detail before any recommendation to council.","Board heard staff say City Council directed them to explore acquiring existing generation facilities in the ERCOT market to close a gap in dispatchable capacity; staff will return with a work session or memo.","actionData","errors"]

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Public Utilities Board backs bond ordinances, approves $5.25 million DKJ concrete contract amendment

Denton staff to research buying existing power plants after council discussion