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File #: ORD-0606    Version: Name:
Type: Ordinance Status: Second Reading
File created: 8/24/2021 In control: Finance
On agenda: 9/14/2021 Final action:
Title: Conduct a public hearing and consider action to approve an ordinance on first and final reading with the caption reading: Master ordinance establishing the City of Pflugerville, Texas Utility System Revenue Financing Program.
Attachments: 1. Master Ordinance_9_7_21

Title

Conduct a public hearing and consider action to approve an ordinance on first and final reading with the caption reading: Master ordinance establishing the City of Pflugerville, Texas Utility System Revenue Financing Program.

 

Summary

Because this is the City's first issuance of revenue bond debt, the City will be adopting two ordinances related to the revenue bonds: 1) a master ordinance the contains the general terms that will apply to utility revenue bonds issued by the City (including the 2021 utility revenue bonds) and 2) a First Supplemental ordinance that has the terms that are specific to the 2021 utility revenue bonds.

 

The City's bond counsel, Richard Donoghue will be present to present the structure and address any questions.

 

Deadline for City Council Action

September 14, 2021

 

Funding Expected: Revenue __  Expenditure __  N/A x__ 

Budgeted Item: Yes __ No __  N/A _x_                     

Amount: ___N/A_____ 

1295 Form Required? Yes __ No _x_                     

Legal Review Required: N/A __ Required _x_ Date Completed: __09/07/2021_________                                          

 

Supporting documents attached:

Master Ordinance

 

Recommended Action

Staff recommends approval of the Master Ordinance establishing the City's Utility System revenue financing program