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File #: RES-0395    Version: 1 Name:
Type: Resolution Status: Discuss and consider action
File created: 2/28/2017 In control: Pflugerville Community Development Corporation (PCDC)
On agenda: 2/28/2017 Final action: 2/28/2017
Title: Discuss and consider action to approve a resolution with the caption reading: JOINT RESOLUTION OF THE PFLUGERVILLE COMMUNITY DEVELOPMENT CORPORATION AND THE CITY OF PFLUGERVILLE, TEXAS APPROVING AN AGREEMENT BETWEEN THE PFLUGERVILLE COMMUNITY DEVELOPMENT CORPORATION AND FIRSTSOUTHWEST, A DIVISION OF HILLTOP SECURITIES INC., FOR PROFESSIONAL SERVICES IN RELATION TO FINANCIAL ADVISING FOR THE ISSUANCE AND SALE OF INDEBTEDNESS OR DEBT OBLIGATIONS.
Attachments: 1. Joint Resolution of the City of Pflugerville and the PCDC Approving financial advisory agreement v2, 2. printmon@firstsw com_20170221_155206

Title

Discuss and consider action to approve a resolution with the caption reading: JOINT RESOLUTION OF THE PFLUGERVILLE COMMUNITY DEVELOPMENT CORPORATION AND THE CITY OF PFLUGERVILLE, TEXAS APPROVING AN AGREEMENT BETWEEN THE PFLUGERVILLE COMMUNITY DEVELOPMENT CORPORATION AND FIRSTSOUTHWEST, A DIVISION OF HILLTOP SECURITIES INC., FOR PROFESSIONAL SERVICES IN RELATION TO FINANCIAL ADVISING FOR THE ISSUANCE AND SALE OF INDEBTEDNESS OR DEBT OBLIGATIONS.

 

Summary

This item has been provided for consideration by the PCDC Board and City Council to retain financial advisory services for the PCDC.  The agreement has been reviewed by the City Attorney.

 

Deadline for City Council Action

Action is requested on February 28, 2017 prior to the approval of the refinancing documents.

 

Fiscal Impact

Schedule A attached to the agreement describes the fiscal impact of the agreement.  The amounts due are based upon the size of the issuance and are paid at the time of the issuance.

 

Staff Recommendation

Approve the agreement.

 

Drafter

Amy Madison

PCDC Executive Director