AGENDA CAPTION:
Title
Consider approval of Resolution 2021-117R, approving an agreement with P3Works, LLC for Public Improvement District administration services in connection with Whisper South Public Improvement District; authorizing the City Manager or his designee to execute the said agreement and closing documents; and declaring an effective date.
Body
Meeting date: July 6, 2021
Department: Finance Department, Marie Kalka, Director (By Lynda Williams, Purchasing Manager)
Amount & Source of Funding
Funds Required: NA
Account Number:
Funds Available: Reimbursed by developer via Public Improvement District
Account Name: Click or tap here to enter text.
Fiscal Note:
Prior Council Action: Approval of Whisper PID South
City Council Strategic Initiative: [Please select from the dropdown menu below]
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Comprehensive Plan Element (s): [Please select the Plan element(s) and Goal # from dropdown menu below]
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? Environment & Resource Protection - Choose an item.
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? Neighborhoods & Housing - Choose an item.
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? Core Services
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Master Plan: [Please select the corresponding Master Plan from the dropdown menu below (if applicable)]
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Background Information:
P-3 Works, LLC has performed administrative and consulting services in connection with the development of San Marcos Public Improvement Districts. This is to request Council approval to contract with P-3 Works for such administrative and consulting services for the Whisper Public Improvement District (PID) South for the purpose of ensuring the City is conforming to the statutory regulations concerning the PID.
P-3 Works, LLC will be responsible for the PID formation, service and assessment plan preparation and bond issuance support services to include participation in rese...
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