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File #: ORD-0604    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: First supplemental ordinance to the Master Ordinance establishing the City of Pflugerville, Texas Utility System Revenue Financing Program.
Attachments: 1. 1st Supp 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: First supplemental ordinance to the Master Ordinance establishing the City of Pflugerville, Texas Utility System Revenue Financing Program.

 

Summary

Utility System Revenue Bonds to be issued in the principal amount of $11,630,000 as a direct placement with Texas Water Development Board for the purpose of  financing the planning, acquisition, design and construction of improvements to the City's wastewater system, including constructing the Wilbarger Creek Regional Wastewater Treatment Facility and wastewater interceptors.

 

The City's bond counsel, Richard Donoghue, and Financial Advisor, Dusty Traylor are available for questions.

 

Deadline for City Council Action

September 14, 2021

 

Funding Expected: Revenue __  Expenditure __  N/A __ 

Budgeted Item: Yes x__ No __  N/A __                     

Amount: _$11.63M_______ 

1295 Form Required? Yes _x_ No __                     

Legal Review Required: N/A __ Required _x_ Date Completed: ___09/07/2021________                                          

 

Supporting documents attached:

1st Supplemental Ordinance

 

Recommended Action

Staff recommends approval to allow for same day bond pricing for direct placement with TWDB to fund wastewater improvements