ORDER N0.28887
RENEWAL OF AGREEMENT WITH RBC DAIN RAUSCHER INC.
Came to be heard this the 25th day of October 2004 with a motion made by
Commissioner Letz seconded by Commissioner Baldwin. The Court unanimously
approved by vote of 4-0-0 the renewal of agreement with RBC Dain Rauscher Inc
as Kerr County's Financial Advisor.
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COMMISSIONERS' COURT AGENDA tcEQUEST 0
PLEASE FURNISH ONE ORIGINAL AND NINE COPIES OF THIS
REQUEST AND DOCUMENTS TO BE REVIEWED BY THE COURT.
MADE BY: Pat Tinley
OFFICE: County Judge~//
L/
MEETING DATE: October 25, 2005
TIME PREFERRED:
SUBJECT: Consider and discuss renewal of Agreement with RBC Dain Rauscher, Inc.
to serve as Kerr County's Financial Advisor.
EXECUTIVE SESSION REQUESTED: (PLEASE STATE REASON)
NAME OF PERSON ADDRESSING THE COURT: County Judge
ESTIMATED LENGTH OF PRESENTATION:
IF PERSONNEL MATTER -NAME OF EMPLOYEE:
Time for submitting this request for Court to assure that the matter is posted in
accordance with Title 5, Chapter 551 and 552, Government Code, is as follows:
Meeting scheduled for Mondays:
THIS REQUEST RECEIVED BY:
THIS REQUEST RECEIVED ON:
5:00 P.M. previous Tuesday.

All Agenda Requests will be screened by the County Judge's Office to determine if adequate
information has been prepared for the Court's formal consideration and action at time of Court
Meetings. Your cooperation will be appreciated and contribute towards you request being
addressed at the earliest opportunity- See Agenda Request Rules Adopted by Commissioners'
Court.
FA AGREEMENT
FINANCIAL ADVISORY AGREEMENT
OCTOBER 18, 2004
Honorable Judge and Commissioner's Court
Kerr County
Kerr County, Texas
700 Main St.
Kerrville, TX 7$028
Ladies and Gentlemen:
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I. Retention of RBC Dain. We understand that the Ken County ("Issuer" or "you") will have under
consideration the issuance of obligations evidencing indebtedness ("Obligations "), either in a single financing
or in a series of financings, and that in connection with the issuance of such Obligations you hereby agree to
retain RBC Dain Rauscher Inc. ("RBC Dain' as your financial advisor in accordance with the terms of this
financial advisory agreement ("Agreement "). This Agreement shall apply to all Obligations that may be
authorized and/or issued or otherwise created or assumed during the period in which this Agreement is
effective.
2. Scone of Services. As financial advisor, we agree to perform the following services:
(a) Analyze the financing alternatives available to the Issuer, taking into account its borrowing capacity,
future financing needs, policy considerations, and such other factors as we deem appropriate to
consider.
(b) Recommend a plan for the issuance of Obligations that will include: (1) the type of bonds (current
interest, capital appreciation, deferred income, etc.); (2) the date of issue; (3) principal amount; (4)
interest structure (fixed or variable); (5) interest payment dates; (6) a schedule of maturities; {7) early
redemption options; (8) security provisions; (9) appropriate management fee and takedown; and (10)
other matters that we consider appropriate to best serve the Issuer's interests. To the extent
appropriate, the plan will address strategies in addition to the issuance of obligations, such as interest
rate derivative transactions.
(c) Advise you of current conditions in the relevant debt market, upcoming bond issues, and other general
information and economic data which might reasonably be expected to influence interest rates, bidding
conditions or timing of issuance.
(d) Organize and coordinate the financing team. Unless otherwise directed by you, we will select the
paying agent, escrow agent and verification agent, as the particular transaction may require, each of
whom will be retained and compensated by you. In a negotiated offering, we will solicit and evaluate
underwriter proposals upon request and make a recommendation for the hiring of the underwriter(s).
(d) Work with counsel on the transaction, including bond counsel whom you retain, who will be
recognized municipal bond attorneys, whose fees will be paid by you, and who will prepare the
proceedings, provide legal advice concerning the steps necessary to be taken to issue the Obligations,
and issue an unqualified opinion (in a form standard for the particular type of financing) approving the
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legality of the Obligations and (as applicable) tax exemption of the interest paid thereon. In addition,
bond counsel will issue an opinion to the effect that the disclosure document does not contain an
untrue statement of a material fact or omit to state a material fact necessary in order to make the
statements contained therein, in light of the circumstances under which they were made, not
misleading. Generally, working with counsel will mean coordinating with the attorneys and assisting
in the financial advisory aspects of preparing appropriate legal proceedings and documents, including
documents concerning any required election.
(e) Assist in the Issuer's preparation of the Preliminary Official Statement ("POS"} and the Official
Statement ("OS") or equivalent document as the particular transaction may require (such as a private
placement memorandum).
(f) In connection with a competitive sale, we will:
i. coordinate the preparation of the Official Notice of Sale, the Uniform Bid Form (containing
provisions recognized by the municipal securities industry as being consistent with the
securities offered for sale) and other such documents which you may request or deem
appropriate;
ii. submit all such documents for examination, approval, and certification by appropriate officials,
employees, and agents of the Issuer, including bond attorneys;
iri. coordinate delivery of these documents to a list of prospective bidders;
iv. where appropriate, organize investor meetings;
v. coordinate the receipt of bids;
vi. advise as to the best bid, including acceptance or rejection of the best bid;
vii. if a bid is accepted, coordinate the delivery of and payment for the Obligations;
viii. assist in verification of final closing figures;
iz. provide copies of documents to the purchaser of the Obligations in accordance with the terms
of the Official Notice of Sale and the Uniform Bid Form.
(g) Make recommendations as to credit rating(s) for the proposed Obligations and, should the Issuer seek
a rating, coordinate the process of working with the rating agency or agencies and assist in the
preparation of presentations as necessary.
(h) Make recommendations as to obtaining municipal bond insurance, a liquidity facility or other credit
enhancement for the Obligations and, should the issuer seek any such credit enhancement, coordinate
the process and assist in the prepazation of presentations as necessary.
(i) Attend meetings of governing bodies of the Issuer, its staff, representatives or committees as requested.
(j) After closing, we will deliver to the Issuer and the paying agent(s) definitive debt records, including a
schedule of annual debt service requirements on the Obligations.
You acknowledge that advice and recommendations involve professional judgment on our part and that the results
cannot be, and aze not, guaranteed.
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Information to be Provided to RBC Dain. You agree (upon our request) to provide or cause to be provided
to us information relating to the Issuer, the security for the Obligations, and other matters that we consider
appropriate to enable us to perform our duties under this Agreement. With respect to all information provided
by you or on your behalf to us under this Agreement, you agree upon our request to obtain certifications (in a
form reasonably satisfactory to us) from appropriate Issuer representatives as to the accuracy of the
information and to use your best efforts to obtain certifications (in a form reasonably satisfactory to us} from
representatives of parties other than the Issuer. You acknowledge that we are entitled to rely on the accuracy
and completeness of all information provided by you or on your behalf.
4. Official Statement. You acknowledge that you are responsible for the contents of the POS and OS and are
subject to and may be held liable under federal or state securities laws for misleading or incomplete
disclosure. To the extent permissible by law, you agree to indemnify and hold us harmless against any losses,
claims, damages or liabilities to which we may become subject under federal or state law or regulation insofar
as such losses, claims, damages or liabilities (or actions in respect thereof) arise out of or are based upon
omission or alleged omission to state in the disclosure document a material fact required to be stated therein
or necessary to make the statements therein not misleading; and will reimburse us for any legal or other
expenses reasonably incurred by us in connection with investigating or defending any such loss, claim,
damage, liability or action.
5. G-23: Competitive Issue. In connection with Rule G-23 of the Municipal Securities Rulemaking Board, the
Issuer agrees that RBC Dain may submit a bid (either independently or as a member of a syndicate) for any
issue of Obligations when offered for sale at competitive bid and prior to submitting any such bid we shall
obtain the Issuer's written consent to bid on the particular issue of Obligations.
6. G23: NeEOtiated Issue. If, during the term of this Agreement, we are asked to serve as underwriter with
respect to any issue of Obligations of the Issuer to be sold on a negotiated basis, we will, by written notice to
the Issuer, and upon the Issuer's written consent, terminate our obligations under this Agreement with respect
to that issue of Obligations. This Agreement, however, will stay in effect with respect to other Obligations of
the Issuer for which we are not acting as underwriter.
Fees and Expenses. In connection with the authorization, issuance, and sale of Obligations, you agree that
our fee will be computed as shown on the "Fee Schedule" attached hereto. Our fee will become due and
payable simultaneously with the delivery of the Obligations to the Purchaser. Our fee does not include and
we will be entitled to reimbursement from you for any actual "out-of-pocket" expenses incurred in connection
with the provision of our services, including reasonable travel expenses or any other expenses incurred on
your behalf. These expenses will be due and payable when presented to the Issuer, which normally will be
simultaneously with the delivery of the Obligations to the Purchaser.
8. Interest Rate Derivatives. If you decide to consider the use of interest rate derivative products as part of the
financing plan for Obligations covered by this Agreement, we will be pleased to provide our assistance upon
request. The nature of our assistance will be set forth in an amendment to this Agreement or in another
separate document.
9. Other Conditions. In addition to the terms and obligations herein contained, this Agreement is subject to the
following special conditions: NONE
v2ioa
10. Term of Agreement. This Ageement shall be for a period of 60 months (the "Term") from its date;
however, this Agreement may be terminated by either party upon 60 days written notice. If neither party
provides written termination prior to the end of the Term, this Agreement will automatically renew for
another Term. Paragaphs 4 and 8 (insofar as it concerns reimbursable expenses) survive any termination of
this Agreement.
11. Miscellaneous Provisions. This Agreement is submitted in duplicate originals. Your acceptance of this
Agreement will occur upon the return of one original executed by an authorized Issuer representative, and you
hereby represent that the signatory below is so authorized. The invalidity or unenforceability of any provision
of this Agreement shall not affect the validity or enforceability of any other provision of the Agreement,
which shall remain in full force and effect. This Agreement constitutes the entire agreement between the
parties as to the subject matter thereof and supersedes any prior understandings or representations. This
Agreement may be amended or modified only by a writing signed by both parties. This Agreement is solely
for the benefit of you and RBC Dain, and no other person. RBC Dain may not assign this Agreement without
your prior written consent.
Respectfully submitted,
RBC DAIN RAUSCHER INC.
By:
Name: Robert V. Henderson
Title: Managing Director
Date:
ACCEPTANCE
ACCEPTED pursuant to motion adopted by the governing body of the Ken County on October 18, 2004
	
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FEE SCHEDULE
In consideration for the services rendered by RBC Dain, the Issuer agrees that our fee for each issue of
Obligations will be as follows:
Base Fee -Any Issue $ 6,250
Plus
$12.50 per $1,000 up to $ 250,000 or $ 9,375 for $ 250,000 Bonds
Plus
$11.50 per $1,000 next $ 250,000 or $ 12,250 for $ 500,000 Bonds
Plus
$ 7.50 per $1,000 next $ 500,000 or $16,000 for $ 1,000,000 Bonds
Plus
$ 5.00 per $1,000 next $ 1,500,000 or $23,500 for $ 2,500,000 Bonds
Plus
$ 2.75 per $1,000 next $ 2,500,000 or $30,375 for $ 5,000,000 Bonds
Plus
$ 2.00 per $1,000 next $ 5,000,000 or $40,375 for $10,000,000 Bonds
Plus
$1.00 per $1,000 over $10,000,000
For any issue of refunding Obligations and/or other Obligations involving escrow Agreements, Revenue Bonds
or self-supporting obligations, or Bonds issued to State or Federal Agencies, our fees shall be as computed from
the above schedule, plus 25% (or 125% of the scheduled amount). It is also understood and agreed that, we will
charge a document preparation fee to be negotiated on a case-by-case basis, not to exceed 25% of the scheduled
Financial Advisory fee set out above.
It is also understood and agreed that when appropriate under the circumstances (depending on the time and
resources expended in the transaction), we will charge an additional fee to be negotiated on a case-by-case basis,
not to exceed 25% of the scheduled Financial Advisory fee set out above.
RBC Dain will bill the Issuer at Closing for each issue of Obligations a net amount which will include a fee
calculated on the above schedule as well as any "out-of-pocket" expenses incurred on behalf of the Issuer.
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Kerr County, Texas
Preliminary Analysis of Juvenile Facility
Take-Out-Financing
October 25, 2004
Prepared by:
RBC
Dain Rauscher
Hill Country Juvenile Detention Facility Corporation
Lease Revenue Bonds, Series 2002
Maturity	Bond					Interest	Total	Fiscal Year
Dates	Redemptions	Proceeds	Rate	Yield	Price	Amount	Debt Service	Debt Service
2/15/2003						$ 62,608.75	$ 62,608.75	
8/15/2003						125,217.50	125,217.50	187,826.25
2/15/2004	165,000.00	166,027.95	3.000	2.450	100.623	125,217.50	290,217.50	-
8/15/2004	-	-	-	-	-	122,742.50	122,742.50	412,960.00
2/15/2005	170,000.00	171,766.30	3.250	2.750	10].039	122,742.50	292,742.50	-
8/15/2005	-	-	-	-	-	119,980.00	119,980.00	412,722.50
2/15/2006	175,000.00	178,129.00	3.750	3.150	101.788	119,980.00	294,980.00	-
8/15/2006	-	-	-	-	-	116,698.75	116,698.75	411,678.75
2/15/2007	180,000.00	183,448.80	4.000	3.500	101.916	116,698.75	296,698.75	-
8/15/2007	-	-	-	-	-	113,098.75	113,098.75	409,797.50
2/15/2008	190,000.00	192,859.50	4.125	3.800	101.505	113,098.75	303,098.75	-
8/15/2008	-	-	-	-	-	109,180.00	109,180.00	412,278.75
2/15/2009	195,000.00	197,884.05	4.375	4.100	101.479	109,180.00	304,180.00	-
8/15/2009	-	-	-	-	-	104,914.38	104,914.38	409,094.38
2/15/2010	205,000.00	209,056.95	4.625	4.300	101.979	104,914.38	309,914.38	-
8/15/2010	-	-	-	-	-	100,173.75	100,173.75	410,088.13
2/15/2011	215,000.00	218,624.90	4.750	4.500	101.686	100,173.75	315,173.75	-
8/15/2011	-	-	-	-	-	95,067.50	95,067.50	410,241.25
2/15/2012	225,000.00	227,065.50	4.750	4.625	100.918	95,067.50	320,067.50	-
8/15/2012	-	-	-	-	-	89,723.75	89,723.75	409,791.25
2/15/2013	240,000.00	237,588.00	4.625	4.750	98.995	89,723.75	329,723.75	-
8/15/2013	-	-	-	-	-	84,173.75	84,173.75	413,897.50
2/15/2014	250,000.00	247,317.50	4.750	4.875	98.927	84,173.75	334,173.75	-
8/15/2014	-	-	-	-	-	78,236.25	78,236.25	412,410.00
2/15/2015	260,000.00	260,000.00	5.000	5.000	100.000	78,236.25	338,236.25	-
8/15/2015	-	-	-	-	-	71,736.25	71,736.25	409,972.50
2/15/2016	275,000.00	272,365.50	5.000	5.100	99.042	71,736.25	346,736.25	-
8/15/2016	-	-	-	-	-	64,861.25	64,861.25	411,597.50
2/15/20]7	290,000.00	287,816.30	5.125	5.200	99.247	64,861.25	354,86125	-
8/15/2017	-	-	-	-	-	57,430.00	57,430.00	412,291.25
2/15/2018	305,000.00	301,824.95	5.200	5.300	98.959	57,430.00	362,430.00	-
8/15/2018	-	-	-	-	-	49,500.00	49,500.00	411,930.00
2/15/2019	320,000.00	315,184.00	5.500	5.642	98.495	49,500.00	369,500.00	-
8/15/2019	-	-	-	-	-	40,700.00	40,700.00	410,200.00
2/15/2020	340,000.00	334,883.00	5.500	5.637	98.495	40,700.00	380,700.00	-
8/15/2020	-	-	-	-	-	31,350.00	31,350.00	412,050.00
2/15/2021	360,000.00	354,582.00	5.500	5.633	98.495	31,350.00	391,350.00	-
8/15/2021	-	-	-	-	-	21,450.00	21,450.00	4]2,800.00
2/15/2022	380,000.00	374,281.00	5.500	5.629	98.495	21,450.00	401,450.00	-
8/15/2022	-	-	-	-	-	11,000.00	11,000.00	412,450.00
2/15/2023	400,000.00	393,980.00	5.500	5.625	98.495	11,000.00	411,000.00	411,000.00
Total	$5,140,000.00	$ 5,124,685.20				$ 3,277,077.51	$ 8,417,077.51	$ 8,417,077.51
Acc Int						(22,260.89)	(22,260.89)	
Grand Tota	$5,140,000.00	$ 5,124,685.20				$ 3,254,816.62	$ 8,394,816.62	$ 8,417,077.51
TIC (Incl. all expenses) .... 5.15945528%
TIC (Arbitrage TIC) ......... 5.15945528%
Bond Years .................. 63,415.00
Page 1
Kerr County, Texas
Juvenile Facility Take Out Financing
Estimated Sources & Uses
23-Oct-04
Sources:
Par Value of Certificates:
Estimated Premium on Certificates:
Cash in Reserve Fund:
Accrued Interest:
Total Sources:
Uses:
Debt Outstanding on Facility:
Costs Related toTransfer of Real Estate
Municipal Bond Insurance
Underwriter's Spread
Cost of Issuance/Rounding
Accrued interest to Dec. 31, 2004
Total Uses:
$ 4,780,000
1,673
411,463
18,921
$ 5,212,057
$ 4,975,000
25,000
27,500
37,500
55,000
92,057
$ 5,212,057
Page 2
Kerr County
Certificates of Obligation, Series 2004
Marturity	Bond		Coupon			Interest	Total	Fiscal Year
Dates	Redemptions	Proceeds	Rate	Yield	Price	Amount	Debt Service	Debt Service
2/15/2006	$ 30,000.00	$ 30,000.00	4.75	4.75	100.00	$ 377,704.17	$ 407,704.17	$ 407,704.17
2/15/2007	185,000.00	185,000.00	4.75	4.75	100.00	221,231.25	406,231.25	406,231.25
2/15/2008	195,000.00	195,000.00	4.75	4.75	100.00	212,206.25	407,206.25	407,206.25
2/15/2009	205,000.00	205,000.00	4.75	4.75	100.00	202,706.25	407,706.25	407,706.25
2/15/2010	215,000.00	215,000.00	4.75	4.75	100.00	192,731.25	407,731.25	407,731.25
2/15/2011	225,000.00	225,000.00	4.75	4.75	100.00	182,281.25	407,281.25	407,281.25
2/15/2012	235,000.00	235,000.00	4.75	4.75	100.00	171,356.25	406,356.25	406,356.25
2/15/2013	245,000.00	245,000.00	4.75	4.75	100.00	159,956.25	404,956.25	404,956.25
2/15/2014	26(1,000.00	260,000.00	4.75	4.75	100.00	147,962.50	407,962.50	407,962.50
2/15/2015	270,000.00	270,000.00	4.75	4.75	100.00	135,375.00	405,375.00	405,375.00
2/15/2016	285,000.00	285,000.00	4.75	4.75	100.00	122,193.75	407,193.75	407,193.75
2/15/2017	300,000.00	300,000.00	4.75	4.75	100.00	108,300.00	408,300.00	408,300.00
2/15/2018	315,000.00	315,000.00	4.75	4.75	100.00	93,693.75	408,693.75	408,693.75
2/15/2019	330,000.00	330,000.00	4.75	4.75	100.00	78,375.00	408,375.00	408,375.00
2/15/2020	345,000.00	345,000.00	4.75	4.75	100.00	62,343.75	407,343.75	407,343.75
2/15/2021	360,000.00	360,000.00	4.75	4.75	100.00	45,600.00	405,600.00	405,600.00
2/15/2022	380,000.00	380,000.00	4.75	4.75	100.00	28,025.00	408,025.00	408,025.00
2/15/2023	400,000.00	400,000.00	4.75	4.75	100.00	9,500.00	409,500.00	409,500.00
Total	$ 4,780,000.00	$ 4,780,000.00				$ 2,551,541.67	$ 7,331,541.67	$ 7,331,541.67
Acc Int						(18,920.83)	(18,920.83)	
Grand Tota	$ 4,780,000.00	$ 4,780,000.00				$ 2,532,620.84	$ 7,312,620.84	$ 7,331,541.67
TIC (Incl. all expenses) .... 4.73941386%
TIC (Arbitrage TIC) ......... 4.73941386%
Bond Years .................. 53,900.00
Page 3
Kerr County, Texas
Preliminary Tax Rate Impact Analysis
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A	B	C	D	E	J	K	L
Fiscal	Total	Tax		Tax	Total	Net Taxable	Tax Rate
Year	Outstanding	Rate	$4,780,000	Rate	Combined	Assessed	Combined
Endin	Debt Service	Im act	Series 2004	Im act	Debt Service	Valuation	Debt Service
2005	$ 1,130,408	$ 0.045			$ 1,130,408 $	2,555,337,879	$0.045
2006	682,343	0.027	$ 407,704.17	$ 0.016	1,090,047	2,555,337,879	0.044
2007	687,357	0.027	406,231.25	0.016	1,093,588	2,555,337,879	0.044
2008	691,521	0.028	407,206.25	0.016	1,098,727	2,555,337,879	0.044
2009	529,056	0.021	407,706.25	0.016	936,763	2,555,337,879	0.037
2010	534,188	0.021	407,731.25	0.016	941,919	2,555,337,879	0.038
2011	538,256	0.021	407,281.25	0.016	945,538	2,555,337,879	0.038
2012	541,263	0.022	406,356.25	0.016	947,619	2,555,337,879	0.038
2013	-		404,956.25	0.016	404,956	2,555,337,879	0.016
_
2014	-		407,962.50	0.016	407,963	2,555,337,879	0.016
2015	-		405,375.00	0.016	405,375	2,555,337,879	0.016
2016	-		407,193.75	0.016	407,194	2,555,337,879	0.016
2017	-		408,300.00	0.016	408,300	2,555,337,879	0.016
2018	-		408,693.75	0.016	408,694	2,555,337,879	0.016
2019	-		408,375.00	0.016	408,375	2,555,337,879	0.016
2020	-		407,343.75	0.016	407,344	2,555,337,879	0.016
2021	-		405,600.00	0.016	405,600	2,555,337,879	0.016
2022	-		408,025.00	0.016	408,025	2,555,337,879	0.016
2023	-		409,500.00	0.016	409,500	2,555,337,879	0.016
Total	$5,334,390		$7,331,542		$12,665,932		
Assumptions:
1. There is 0% Growth in the Net Taxable Assessed Valuation from 2005-2023.
2. The Current Tax Rate Collection Ratio is Assumed to be 98%.
3. The Debt is structured with a 20-year final maturity.
4. The Interest Rate is Assumed to be current Market Interest Rates; Subject to change.

Page 4
Kerr County, Texas
Certificates of Obligation, Series 2004
Estimated Costs of Issuance
Estimated Actual
23-Oct-04
Financial Advisor	$ 29,770.00
Bond Counsel	8,780.00
Bond Counsel Expenses	750.00
Ratings: Standard & Poor's	6,000.00
Official Statement Printing	3,000.00
Attorney General Fee	750.00
Document Preparation Fees	3,721.25
Overnight Delivery	75.00
Copying	75.00
Fax/Communications	75.00
Travel	500.00
Rounding/Miscellaneous	1,503.75
$ SS,000.00
Municipal Bond Insurance: $ 27,500.00
Underwrtier's Gross Spread: 37,500.00
$ 65,000.00
Total Financing Related Costs: $ 120,000.00
$ -
Page 5
Date:
Issuer:
Issue Title:
FA:
Underwriters:
Ratings:
Sale Date:
Closing Date:
Item:
Average T
Underwriti
Expenses:
Manageme
Item:
Day Loan
DTC
PSA
Cusip
MAC
Underwrit
MSRB Fili
Dalnet
l 0/7/2004
Kerr County, Texas
$4,780,000.00 Certificates of Obligation, Series 2004
RBC Dain
First Southwest Co. 100%
S & P AAA
3l-Dec-04
Gross Spread:
Per Bond: Amount:
Calculation of Average Takedowns
			Projected
Maturi	Principal:	Takedown:	Takedown:
2007	30,000.00	2.50	75.00
2008	185,000.00	3.75	693.75
2009	195,000.00	3.75	731.25
2010	205,000.00	3.75	768.75
2011	215,000.00	5.00	1,075.00
2012	225,000.00	5.00	1,125.00
2013	235,000.00	5.00	1,175.00
2014	245,000.00	5.00	1,225.00
2015	260,000.00	5.00	1,300.00
2016	270,000.00	5.00	1,350.00
2017	285,000.00	5.00	1,425.00
2018	300,000.00	5.00	1,500.00
2019	315,000.00	5.00	1,575.00
2020	330,000.00	5.00	1,650.00
2021	345,000.00	5.00	1,725.00
2022	360,000.00	5.00	1,800.00
2023	380,000.00	5.00	1,900.00
2024	400,000.00	5.00	2,000.00
2025	-	-	-
	$ 4,780,000.00		$ 23,093.75
	Average Takedown:		$ 4.831
kedown:	$ 4.831	$	23,093.75
ng:	-		-
	1.368		6,538.70
nt Fee:	1.651		7,891.78
	$ 7.850	$	37,524.23
Estimated Un	derwriting Expe	nses	
	Per Bond:	$	4,780,000
	-	$	-
			339.30
	0.0300		143.40
			225.00
			878.00
r Counsel	1.0000		4,780.00
ng Fee	-		12.00
			a
e
161.00
Misc.
Expenses Per Bond: $ 1.3679
Page 6
		Kerr County, Texas	
	Certificates of Obligation, Series 2004	
		Financing Timetable of Events	
Date	Time Required	Item	Responsible Party
Mon. 10/25/04		Commissioner's Court meets to approve Plan of Finance;	CA & DRI
		authorizes Financial Advisor and Bond Counsel to proceed	
Tues. 10/26/04	1 day	BC notifies Trustee of Intent to Purchase, seeks bondholder	BC
		consent/guidance on tender offer	
Fri. 10/29/04	3 days	Trustee notifies BC of likely response	Trustee
Mon. 11/1/04		Commissioner's Court approves Notice of Intent to Issue	BC & CA
		Certificates of Obligation & approves form of tender offer	
Mon. 11/1/04	1 week	Distribute first draft of Preliminary Official Statement	DRI & BC
		(POS) for comments	
Wed. 11/3104	2 business days	Comments on first draft of POS due	ALL
Wed. 11/3/04	At least 14 days prior to	First publication of Notice of Intent	BC
	sale date		
Fri. 11/5/04	2 business days	Second draft of POS distributed for comments	DRI & BC
Fri. 11/5/04	1 business day	Submit Documents to Rating Agencies & Insurance Co's	DRI
Mon. 11/S/04	2 business days	Comments on second draft of POS due	ALL
Wed. 11/10/04	1 week following first	Second publication of Notice of Intent	BC
	publication		
Thurs. 11/17/04	8 business days	Receive responses from Rating Agencies & Insurance Co's	DRI
	following submission		
Mon. 9/6/04	1 week prior to sale date	Post POS electronically	DRI, Printer
Mon.ll/22/04		Pricing and oral award; Commissioner's Court	DRI
		RECESSES meeting until l :00 p.m. on November 23rd	
Tues. 11/23/04		Sale date; Commissioner's Court meets to authorize sale	ALL
		and execute Bond Purchase Agreement	
Wed. 11/24/04		BC formally forwards tender offer	BC & Trustee
Thurs. 11/24/04	2 business days	Documents forwarded to Attorney General	BC
Fri. 12/10/04	10 business days	Receive Attorney General's Approval	BC
Thurs. 12/16/04	5 business days	Close; deliver Certificates, receive funds	DRI, BC
Mon. 12/20/04	3 business days	Tender offer closed, bondholders paid	BC & Trustee
BC =Bond Counsel; McCall Parkhurst & Horton	
CA =County Administration		
DRI = RBC Dain	Rauscher Inc.		
KERB COUNTY JUVENILE FACILITY
BUDGET PROJECTIONS-04/05 ~ (_ „ _
~ ~ ~ ~ ~^""
Based on 42 residents-One Building 24 Post Adj. & 18 Pre Adj.
EMPLOYEES	ANNUAL	MONTHLY
Facility Administrator	$65,000	$5417
Assistant Facility Administrator	$54,553	$4546
QCC-Treatment	$36,748	$3062
Administrative Assistants	$41,652	$3471
1 @ $20,826-payroWpersonnel		
1 @ $20,826-resident files/general		
Counselors	$93,521	$7793
2 @ $30,916		
1 @ $31,689-Pre. Adj. Co-Ord.		
Shift Supervisors	$106,640	$8887
4 @ $26,660		
JDOs	$370,778	$30,898
4 @ $26,660		
14@I8,867		
Cooks	$35,912	$2993
2 @ $17,956		
Maintenance	$21,347	$1779
Control Operators		
4 @ 14,738	$58,952	$4913
Training/Certification Officer	$26,659	$2222
Placement Officer/Transport Officer/HSC	$35,853	$2988
Data Manager/Grant Writer	$26,659	$2222
TOTAL SALARIES $974,274 $81,191
CONTRACT EMPLOYEES
Part-Time JDO $57,600 $4800
5 @ $7.50/hr. X 128 hr./month
PhD• $10,200 $850
Md. (Reimbursable) $9000 $750
RN $24,000 $2000
TOTAL CONTRACT SALARIES $100,800 $8400
TOTAL $1,075,074 $895,895
OPERATING EXPENSES ANNUAL MONTHLY
Office Supplies
Kitchen Supplies
Food
Janitorial Supplies
Auto Repair/Fuel
Resident Supplies
Clothing $7500
Education $1500
OTC Medication $2200
Emergency Medical $1000
Cellular Phones/Pagers
Telephone
Internet
Long Distance
Equipment
Maintenance
Postage/FedEa
Marketing
Travel
Training
Utilities
Electricity S36,000
Gas $5000
Water $6500
Garbage P/U $2100
Cable $1000
Medical Expenses (Prescriptions Reimbursable)
Equipment
Copier Leases 2 @ $2600 $5200
Buffer Rental
Tools
Carpet Cleaning
Oflice Furniture
Office Machines
Etc.
Building Repair
Paint
Locks
Lights
A/C Filters
A/C Units $2800
Kitchen Walk In $2800
Plumbing
Etc.
$9700
$2500
$65,000
$8000
$10,000
$12,200
$1600
$10,000
$2500
$7000
$3784
$5717
$50,560
$55,000
$10,000
$15,000
$808
$208
$5417
$667
$833
$1017
$133
$833
$208
$583
$315
$476
$4213
$4583
$833
$1250
ANNUAL MONTHLY
TOTAL OPERATING EXPENSES $268,561 $22,380
TOTAL EXPENDITURES $1,343,635 $111,970
REVENUE
42 Residents @ $83.00/day X 365 days $1,272,390 $106,033
NSLP Reimbursement $32,500 $2708
(50% reimbursement)
School District $35,000 $2917
Medical $55,000 54583
Md. $9000 $750
TOTAL REVENUE $1,403,890 $116,991
PROFIT MARGIN ~~~ ~~~~ 55-'" $5021
w ~~ cal ~ ~ v~
Summer Program
20 Residents @ $60.00/day X 75 days $90,000
TWO BUILDINGS
35 Post-Adj. & 14 Pre-Adj. Tota149 Residents
ADDITIONAL EMPLOYEES
11 JDOs @ $18,867 $207,537 $17,295
4 Control @ $14,738 $58,952 $4913
TOTAL ADDITIONAL SALARIES $266,489 $22,207
TOTAL ADDITIONAL OPERATING $35,000 $2917
EXPENSES
TOTAL ADDITIONAL EXPENDITURES $301,489 $25,124
REVENUE
49 Residents @ $83.00/day X 365 days
NSLP Reimbursement
(50% reimbursement)
School District
Medical
Md.
$1,484,455 $123,705
$36,000 $3000
535,000	$2917
555,000	54583
59000	$750
TOTAL REVENUE _ $1,619,455 $134,955
TOTAL EXPENDITURES
PROJECTED DEFICIT
$1,645,124 $137,094
r-{',fi~~j- ($2139)
7v~~ ~~
Kerr County Sheriff's Department
/~~F
~~
F DE
P~


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1
t
Proposal For Alternate
Use Of
Kerr County Juvenile Detention Center
t
Introduction
I, W.R Hierholzer, Sheriffof Kerr County, having been asked to address the current
situation concerning the Kerr County Juvenile Detention Facility; the possibility of its
closing and the possibility of the Kerr Countyc Sheriff s Office taking over the new
facility located on the property, respectfully submit the following to the Commissioners'
Court for information and consideration, along with a proposed, one year budget.
I wish to start offby stating that Kerr County must, in my opinion, do whatever it takes to
maintain a juvenile detention facility. The county currently has a population of over
44,000 people, four school districts and a number of youth ranches. The number of
juveniles is increasing rapidly. Juvenile crime will increase at a much faster rate if there
is no place in Ken County to lock the offenders up. Adult offenders will also be more
likely to get young kids to do crimes for them, advising the kids that there is no place to
put them. Further, as is stated in the Family Code Section 52.026 (C), On adoption of an
order by the Juvenile Boazd and approval of the Juvenile Boards' order by record vote of
the Commissioners' Court; it shall be the duty of the Sheriff of the county in which the
child is taken into custody to transport the child to and from all scheduled juvenile court
proceedings and appearances and other activities ordered by the juvenile court.
This alone would cause the staffing of the Kerr County Sheriffs Office to increase
drastically depending on how many juveniles are taken into custody by all law
enforcement agencies in Ken County and how far this department will have to travel to
~ house the juveniles and how many court hearings they will have to attend.
On October 19, 2004, I had an inspector with the Texas Jail Commission tour both the
facilities located on the property of the Kerr County Juvenile Detention Facility.
The original detention center, in my opinion and that of the inspectors, could not be used
for housing of adults without an extreme and very costly remodeling. The new building
would, in its present state, be able to house min;mum security inmates up to 24. With
very little renovation, most of which could be accomplished by inmate labor, this facility
could be converted to a maximum security facility and house up to 48 inmates.
My proposal and recommendation is that Ken County take over the facility and use the
original building to house juveniles and the newer building to house primarily adult
female inmates. Operating an adult detention facility, in my opinion, should never be
looked at to make money; after all, law enforcement services are one of the main items
that citizens, myself included, expect our taxes to take caze of.
You will be able to see in the following pages why now may be the time to utilize the one
building as an adult center. You will also see a proposed budget for this and some
additional estimated start-up casts.
In regazds to revenue earnings to the county, moving the adult females to the facility
would allow the county to have up to 30 additional out-of-county inmates for an
additional yearly income of $405,150. One will further see that this county will need to
expand the current adult facility, especially in regards to female inmates, in the near
future. In visiting with the Jail Commission inspector, it is estimated that at today's
prices building a new facility could cost from $40,000 to $50,000 per bed. ~---
The attached proposed budget and start-up costs are only related to the one building and
do not address any costs of continuing to operate a juvenile facility or the possible
revenues from it in the original building.
5 t~l cT'~~
X Y~
~ `j ~ `~'
z
a
~' H arm
When the Kerr County Law Enforcement Facility opened in 1996, it was projected to
meet Kerr County Law Enforcement Office and Jail needs for the next 15 - 20 years.
The county is already in the 8~' year of these predictions.
~; Although the building was designed specifically to allow for easy addition of jail and
administrative space, it was not anticipated that this would be needed for the foreseeable
future. The original predictions have fallen short. As the court is awaze, as eazly as
2001, the jail hit inmate populations of over 200. Consequently, at that time our ability to
house out-of-county inmates dropped. In the budget year 1011/2001, the county charging
$35.00 per inmate per day billed $422,166 to other counties. This last year even though
the rate per day went to $37.00 we billed only $204,923. This figure will continue to
drop due to population counts.
According to Texas Jail Commission recommendations, the number of inmates that Ken
County should house in a facility with 192 beds, and continue to be able to properly
classify inmates, the daily population should be no more than 80% of the maximum
capacity, or 153 inmates. At the present time, the jail is averaging 161 inmates per day
and only 12 of these aze out-of-county inmates. (We just passed~our State Inspection and
~, even though the population was above 153, because of the current type of inmate that we
~". have, we could classify.)
Another very serious situation that our current jail is facing is the continuing rise in the
housing of female inmates. The current facility is designed to house a maximum of 32
females. Our current female population is at 28 females. Most of the time this makes it
almost impossible to classify the female inmates properly.
The Administrative office area is past its maximum capacity and consequently space that
was designed for workroom and waiting areas has already been converted to employee
offices. If additional employees are added in the future, which will be required to keep
up with current law enforcement duties, there is not adequate space to put them without
additional remodeling or adding on to the current building.
In May of 2002, when a Long Range Planning Committee studied the then current
situation at the Sheriffis Office and Adult Detention Center, they factored in the county
population growth and the jail population growth aver the previous 5 year period and
came to the following statement: "Given that our 2% annual growth in county population
has been substantially exceeded by our growth in jail population (43% over the past 5
years), and our daily bookings have similarly increased at an exponential 72% over the
past 5 yeazs, it does not take complex calculations to determine that the current jail and
administrative facilities aze not going to last for the predicted 15-20 years. The
Commissioners' Court should give immediate and serious attention to the issue of adding
more physical facilities at the Law Enforcement Center."
3
		Proposed Budget
	Adult Female Detention Facility
Line Item and Description	Requested Amt
	
101	Sheriff	+ 5,000
102	Jail Administrator	+ 5,000
104	Asst. Jail Admin.	+ 5,000
103	Cooks	0
104	Jailer Salaries	312,000
105	Secretary	0
106	Nurses	0
107	Clerk	18,959
108	Part-Time Salary	0
112	Overtime	5,000
201	FICA Expense	25,318
202	Group Insurance	77,000
203	Retirement	27,239
206	Insurance Bldg	8,000
220	Employee Medical Exam	
209	Postage	0
310	Office Supplies	1,500
315	Jail Uniforms	3,000
330	Vehicle Gas & Oil	0
331	Operating Supplies	1,500
332	Prisoner Meals	20,000
333	Prisoner Medical	10,000
334	Prisoner Supplies	2,000
335	Prisoner Transfer	0
400	Trash Service	2,500
420	Telephone	0
440	Utilities	?
453	Radio Repairs	300
454	Vehicle Maintenance	500
456	Machine Repair	0
457	Maintenance Contracts	0
461	Lease Copier	5,500
480	Vehicle Insurance	0
487	Training	1,500
561	Computer Hardware	0
563	Software Maintenance	3,464
565	Computer Supplies	0
569	Operating Equipment	8,600
570	Capital Outlay	10,000
Total 558,880
4
* One-time start up expense:
Item 1)	Employee Medical	3,950
Item 2)	Mattresses, pillows, blankets	2,000
Item 3)	Violent chair	1,200
Item 4)	Tables	7,800
Item 5)	Medical Cart	1,500
Item 6)	Upgrade to meet fail standards	75,000
Total		89,950
r


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^

5
Explanation of Proposed Budget Line Items
Line Item 101-Sheriff
The responsibility that operating an additional facility would put on the office of
Sheriff, I feel, would warrant an additional $5,000.00 per year in salary for the office.
Line Item 102-Jail Administrator
The same additional responsibility that the Jail Administrator would see in his/her
record-keeping, etc. would warrant this $5,000.00 additional salary increase.
Line Item 104-Jailer Salaries
I would move the current Assistant Jail Administrator's office to the new facility
and that person would be the only direct supervisor at the facility. This would warrant
the $5,000.00 increase in that salary.
Line Item 103-Cooks
All meal prepazations would be done at the current facility and the meals would
be transported to the new facility. There is no kitchen in the new facility but there is a set-
up area.
Line Item 104-Jailer Salaries
I would require an additional 12 jailers to operate the facility. This is one jailer in
the control room 24 hours a day and two jailers on the floor 24 hours per day. Jail
Standazds require a 1 to 48 ratio not counting the control room officer. This facility
would hold 48 inmates in 3 dorms with 16 per dorm. I feel that if we only have one floor
officer present, and there is a problem in one of the dorms, or if there are other activities
taking place, such as church services, visitation, sick call, etc, only one floor officer will
not be able to control the security issues.
In order to fully staffany position that needs coverage 24 hours per day, the
county will need 5 full-time employees on the payroll to cover one position. This
calculation is based on the following formula: 1 yeaz equals 8760 hours, which equals
1095 8-hour shifts. One full-time employee will work 240 shifts in a yeaz on the average,
taking vacation, sick days and holidays into account. The 12 positions that I am asking
for would be 3 short of needed, but I feel that at times we
could utilize some of the current staff (depending on population) to fill in short times.
Line Item 105-Secretary
I would not require a secretary at this facility. A clerk would be able to perform
the needed duties and the secretarial duties could still be done at the current facility.
Line Item 106-Nurses
Again there would be no nurses at the facility on a full-time basis. Spending time
at the facility would be added to the duties of the current nursing staff and the officers on
duty would be responsible for the distribution of medication. There would possibly be an
additional cost of maybe $100.00 or so for the contract doctor to visit the facility.
6

Line Item 107-Clerk
It would require one clerk working 8 hours a day to do filing and other
documentation for the Assistant Jail Administrator and this person would have the
additional duty of being a receptionist for the facility.
Line Item 108-Part-Time Salary
No part-time personnel would be used.
Line Item 112-Overtime
Overtime is something that is extremely hazd to budget for but this is
approximately 1/3 of our current budget in the jail.
Lme Items 201, 202, 203
t FICA, Group Insurance and Retirement is based on the additional 12 officers and
` ane clerk.
r Line Item 20b-Insurance-Bldg.
The insurance on the building is based on a portion of the cost of the current jail
and consideration of the age of the new facility.
I Line Item 220-Employee Medical Exams
Employee medical exams is added to the start-up cost due to the cost of
psychological exams, physicals and drug screens. In future years I would expect this cost
to be less than $1,500.00 per yeaz.
Line Item 309-Postage
Any postage expense at the new facility would be absorbed in the current budget.
Line Item 310-Office Supplies
Office supply costs are based on most of the work still being done at the current
facility which includes the costs and supplies associated with booking, magistration and
releases, all of which would continue to be done at the current facility.
Line Item 15-Jail Uniforms
This is the approximate cost of purchasing uniforms for the additional staff
needed to operate the facility. Inmate uniforms are purchased from the commissary
account (inmate trust fund).
Line Item 330-Vehicle Gas & Oil
There would be no additional costs for gas and oil. These expenses would be
minimal and would be paid by the current jail budget.
Line Item 331-Operating Supplies
This would cover the cost of operating supplies, inspections, notary bonds, etc.
7
	Line Item 332-Prisoner Meals
	The inmate meals would be prepazed at the current facility and transported to the
	new facility. The cost is based on 48 inmates and a wholesale cost of $4.00 per day per
	inmate with $1,000.00 for possible increases in food costs during the yeaz.
	Line Item 333-Prisoner Medical
	The cost of medical expenses is based on 48 inmates and the average current cost
	of one inmate per year.
	Line Item 334-Prisoner Supplies
	Most of the prisoner supplies are paid for from proceeds in the commissary
	account, but items such as replacing mattresses, pillows, blankets and food trays would
	have to come from this line item, The initial set-up is included in the one-time start-up
	figures.
	Line Item 335-Prisoner Transport
	There would be no additional prisoner transport cost, this would be paid for in the
	current budget.
		Line Item 400-Trash Service
		The trash service costs aze based on the use of one dumpster being picked up once
		a week.
		Line Item 420-Telephone
		I am assuming that the telephone expense would be included in the possible new
		contract that the county is going to do countywide. We would need at least 5 rotating
		phone lines and 5 phones along with 1 fax line.
		Line Item 440-Utilities
		I have no way of judging what one year's utilities would cost for the facility. Our
		current jail is budgeted $120,000 per year but is also at least 3 times larger than this
		facility.
		Line Item 453-Radio Repairs
		All the employees at this facility would need to have portable radios and I
		estimate that the repair costs would be low in the first year because they would all be
		under warranty, unless one got broken.
		Line Item 454-Vehicle Maintenance
		The capital outlay item will show a purchase of one van to transport inmates,
		food, clothing, etc. to and from the facility. The vehicle would be under warranty for
		several years but this would cover any miscellaneous costs.
Line Item 456-Machine Repair
Machine repairs would be unnecessary.
8




r
1
Line Item 457- Maintenance Contracts
At this time I am unaware of any maintenance contracts that would be needed at
this facility.
Line Item 461-Lease Copier
This would cover the cost of the yearly lease of a copy machine that also serves as
a printer for the three computers that would be needed.
Line Item 480-Vehicle Insurance
Vehicle insurance is covered by the Sheriffs Office Budget.
Line Item 487-Training
This would cover the cost of training the 13 additional employees.
Line Item 561-Computer Hazdwaze
Computer hazdwaze will come from a different line item
Line Item 563-Softwaze Maintenance
This is the softwaze, maintenance as per The Softwaze Group pricing table. There '
could be additional start-up costs for a modem port and remote site to have it installed at
the new facility.
Line Item 565-Computer Supplies
Computer supplies aze covered in a separate line item
Line Item 569-Operating Equipment
This would cover the costs of 3 computers, fax machine, shredder, warming food
cart and hand-held radios.
Line Item 570-Capital Outlay
The only capital outlay item at this time would be the first lease payment on a van
and the initial set-up costs on the van such as radio, decals, deer guazd, etc.
Additional One-Time Start-Up Costs
Item 1) Employee Medical
Addressed in the budget line 220.
Item 2) Mattresses, pillows blankets
Addressed in the budget line 334.
Item 3) Violent Chair
The current jail has 2 violent chairs that aze needed to control violent inmates.
This facility would also need one.
9
Item 4) Tables
This is the cost of putting 2-8 person stainless steel tables that bolt to the floor to
meet jail standards so that 16 inmates could be housed in each of the 3 cell
blocks.
Item 5) Medical cart
Approximate cost of a secure medical cart to dispense daily medications and
first aid.
Item 6) Upgrade to meet jail standards
This is an estimation of casts to upgrade the following items to the facility to
Meet jail standards for a maximum security facility.
1) Add 3 additional showers to each cell block
2) Add additional safety vestibule to each cell (3 needed)
3) Add a dividing wall and either screen or glass for a separated
visitation room
10
SYNOPSIS OF OPERATION
The new facility would be a housing unit only and would house up to 48 inmates.
All booking and releasing would still have to be done at the current facility. Meal
prepazations would also have to be done at the current facility. Temporarily, all laundry
services would also be done at the current facility until such time in the future that an
extra room at the new facility could be converted to a laundry room.
As for the administrative areas, the Assistant Jail Administrator's office would be
moved to the new facility thus freeing up an office in the current jail. Two additional
offices, such as the Texas Alcohol Beverage Commission Office and the 198' District
Attorney Investigator's Office could likewise be moved, freeing up office space in the
current Sheriff s Office for future growth. In my opinion the county taking over the new
facility would likely take care of our Sheriff s Office and Adult Detention Center needs
for approximately 14 to 15 yeazs in the future. I would also strongly urge the court to
find a way to keep a local juvenile facility even if it is just to house Kerr and the
surrounding counties' children.
11
CONCLUSION
The cost of operating and building adult detention centers will always continue to
rise. The Texas Department of Corrections is already telling agencies that they are right
at capacity and soon inmates may have to be held in county jails longer. Our adult
detention center is running at capacity for female inmates and constantly runs above the
80% recommendation.
Due to this, our current facility has dropped the number ofout-of-county inmates
that we were housing to a total of about 10. At this time adding the new facility to our
adult facility would increase our housing capacity by 48 inmates with better classification
methods. In doing this we could house up to 30 additional out-of-county inmates for an
added $400,000 revenue per yeaz at the current rate of $37.00 per inmate per day. (Note:
there is no way to tell how long this would last).
Either way Ken County is most likely going to have to build more cells (beds) at
an approximate cost of $40,000 to $50,000 per bed or start housing some of our own
inmates out-of--county in the neazer than originally anticipated future.
Keeping a juvenile facility locally, I feel, will definitely assist in keeping juvenile
crime in Kerr County low and the Sheriffs Office from having to drastically increase
deputy manpower to act as transporting officers taking juveniles all over the state.
The final note that I feel I must advise you all of is that all prices in this proposal
are the best estimates that I can give, but we would need the Jail Commission to do a
complete analysis of the facility to confirm what the inspector observed and
recommended in awalk-through tour is correct.
Thank you all for the opportunity, although on short notice, to submit this
proposal.
Respectfully Submitted,
W.R. Hierholzer
Sheriff, Kerr County
~12