A Growing Hub in the Heart of the Bakken Presented to the Interim Energy Development and Transmission Committee March 8, 2018
Key Points 1 2 3 CITY GROWTH 2006-2017 DEBT SERVICE GROWTH 2008-2018 CONTINUED INDUSTRY IMPACT 2
City Growth 2006-2017 We are growing right in the heart of the Bakken. 3
Industry Growth 2006 2018 4
Williston - 2016 2006 to 2016 Growth of City Limits 5
Hub City Population Growth Since 2000 WILLISTON DICKINSON MINOT 91% 37% 29% 12,512 -> 23,902 2000 Census to 2016 Census 16,010 -> 21,985 2000 Census to 2016 Census 36,567 -> 47,338 2000 Census to 2016 Census 6
Growing for the Next Generation 1000 900 800 RECORDED BIRTHS PER YEAR 746 804 883 843 790 700 600 500 445 419 416 478 543 579 78% 400 300 Increase in Births Over 200 100 10 YEARS 0 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 7
Growing for the Next Generation TOTAL ENROLLMENT BY ACADEMIC YEAR 6,000 5,000 4,000 3,887 4,128 4,440 4,560 4,856 3,000 2,000 2,650 2,866 3,106 83% Increase in Students Over 1,000 8 YEARS 0 2010-2011 2011-2012 2012-2013 2013-2014 2014-2015 2015-2016 2016-2017 2017-2018 8
Increase in City Staffing/Services GROWTH BY DEPARTMENT 350 300 250 200 150 100 50 0 170% OVERALL INCREASE 288 273 240 208 181 146 146 145 156 120 132 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Airport Fire Other General Government Governemental Police E-911 Public Works 323 Growth Since 2006 121% 133% 124% 168% 385% 500% 9
Williston-Major Facility Investments Over $283M in Facility Investments since 2006 Fire #3: $5.5M Fire #2: $6M Airport Terminal and Hangar Improvements: $6.2M Development Services Center: $5.5M Fire #1 Renovations: $3.5M Landfill Expansions: $5.2M Water Treatment Plant Expansions: $80M *Joint WAWSA Investment City Hall Renovations: $1.5M Law Enforcement Center Improvements: $45M *Joint County Investment Water Resource Recovery Facility: $125M 10
City Investment in Backbone Infrastructure Backbone Infrastructure Expansion and Renewal Highlights: $286M in Linear Infrastructure Improvements since 2006 $218M in System Expansions $100M+ in Sales Tax Used $64M in Surge Funds Investments Included: 23.8 Miles of Water Main 21.7 Miles of New Sewer 33.8 Miles of New Street Construction and Renewal 2006 to 2016 Trunk Infrastructure Improvements 2006 to 2016 Developer Improvements City Boundary 11
Debt Service Growth 2008-2018 We are committed to long-term solutions. 12
Historical Sales Tax Revenues Infrastructure Sales Tax: Pre-Boom used to support infrastructure maintenance and replacement projects Increase in collections allowed for transition to support the large needs of new backbone infrastructure such as new streets, sewer and water lines Public Safety Sales Tax: Eases what would have been a significant burden on General Fund for core Police, Fire, Ambulance, and 911 services $30,000,000 $25,000,000 $20,000,000 $15,000,000 $10,000,000 $5,000,000 $- 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Infrastructure Economic Develoment Public Safety 13
2008 vs 2018 Debt Growth $265,068,594 $210,063,594 $38,947,875 $34,122,875 $4,825,000 $3,094 $2,710 $383 $10,031 $55,005,000 $7,949 $2,082 TOTAL PER CAPITA TOTAL PER CAPITA 2008 2018 Assessment Debt Other Debt 14
Hub City Debt per Capita $10,031 $7,949 $4,017 $4,017 $2,650 $1,616 TOTAL WITHOUT ASSESMENT TOTAL WITHOUT ASSESMENT TOTAL WITHOUT ASSESMENT WILLISTON DICKINSON MINOT 15
Continued Industry Impact Williston continues to be the Hub City leader for the industry. 16
Oil/Well Pads in Production 0 1,213 WILLISTON MINOT 1,213 3,327 3,327 7,109 7,109 14,733 14,733 40,190 JANUARY 2017 BARRELS OF OIL PRODUCTION WATFORD CITY CITY NUMBER OF WELLS BARRELS OF OIL Watford City 4,868 12,654,644 Williston 3,492 7,702,228 Dickinson 910 943,221 Minot 163 57,196 DICKINSON *Within 30 Miles of City Center Oil Well Data Source: Department of Mineral Resources Oil and Gas Division Monthly Production Report for January 2017 15,291 Active Wells 17
Economic & Industry Outlook TAXABLE SALES & PURCHASE COUNTY/PRIMARY CITY Q2 2016 Q2-2017 PERCENT CHANGE Williams/Williston $263,690,132 $347,281,332 31.7% Ward/Minot $271,559,266 $264,241,345-2.69% Stark/Dickinson $188,375,969 $216,744,855 15.06% Ward County 2,322 Q3 2017 CENSUS OF MINING EMPLOYMENT Stark County Williams County 5,321 16,386 0 2,000 4,000 6,000 8,000 10,000 12,000 14,000 16,000 18,000 NUMBER OF MINING JOBS SOURCE: ND JOB SERVICE 18
Capital Improvement Projects UPCOMING MAJOR CAPITAL IMPROVEMENT NEEDS Corridor Completions Williston International XWA Sloulin Field Redevelopment Public Works Facility Future City Hall Investments 19
CIP Corridor Completions TRANSPORTATION NEEDS HIGHLIGHTS: Numerous corridor extensions to improve connectivity of transportation network in growth areas Corridor connectivity through Sloulin Field Upgrade of one roadway damaged by oilfield truck traffic (need east truck bypass!) Estimated cost of improvements is $82.6M 20
CIP Williston International XWA NEW AIRPORT (TERMINAL, RUNWAYS, UTILITIES, ACCESS, ETC.) HIGHLIGHTS: First new airport siting in United States in 12 years $240M project Minimum of $60M in local financing expected Terminal construction underway Runway and taxiway construction to begin this spring Target opening late 2019 21
CIP Sloulin Field Redevelopment AIRPORT REDEVELOPMENT HIGHLIGHTS: 800 acre redevelopment site City is currently studying highest and best use of property Work to begin as soon as XWA is opened 22
CIP Public Works Facility PUBLIC WORKS FACILITY IMPROVEMENT HIGHLIGHTS: Expanding from current 47,000 sf facility to 130,000 sf of future space First phase of construction proceeding at a cost of $4M Future phase estimated to cost $20-$25M 23
CIP Future City Hall Investments CITY HALL EXPANSION HIGHLIGHTS: Land acquisition of adjacent property to accommodate future expansion Renovation of first floor office space planned in coming years (~$1M) Future study of space needs to be conducted 24
Key Points 1 2 3 CITY GROWTH 2006-2017 DEBT SERVICE GROWTH 2008-2018 CONTINUED INDUSTRY IMPACT 25
THANK YOU! QUESTIONS?