AGENDA CAPTION:
Title
Consider approval of Resolution 2018-161R, approving the appointment of Specialized Public Finance, Inc. as Financial Advisor for the City on projects funded or reimbursed by the Texas Water Development Board; authorizing the City Manager to execute the Financial Advisor Agreement on behalf of the City; and declaring an effective date
Body
Meeting date: September 18, 2018
Department: Finance Department - Heather Hurlbert, Director (by Lynda Williams, Purchasing Manager)
Amount & Source of Funding
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Fiscal Note:
Prior Council Action: These services will be used for the bonds issued through the Texas Water Development Board for the reimbursement of the purchase Millican Tract land purchase approved by Council in August 2018.
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Background Information:
On July 8, 2018, a Request for Qualifications, 218-327, was issued for professional Financial Advisor services to assist the City with providing advice and professional recommendations to the City for various capital financing projects and provide assistance with possible loan, grant, or disadvantaged funding through the Texas Water Development Board ("TWDB"). Five (5) Statements of Qu...
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