City Council

Agenda — 3 items

1. Consideration and Approval of the City's Bank Depository Contract for Financial Services. (Krista Wareham, Director of Finance)
2. Consideration and Possible Action for a contract with TXP to conduct a Feasibility Analysis of a Tax Increment Reinvestment Zone (TIRZ). (Anna Hudson, Director of Development Services)
3. CONSIDERATION AND APPROVAL OF ORDINANCE 2024-26 BY THE CITY COUNCIL OF THE CITY OF FREDERICKSBURG, TEXAS AUTHORIZING THE ISSUANCE OF “CITY OF FREDERICKSBURG, TEXAS, UTILITY SYSTEM REVENUE BONDS, SERIES 2024”; PROVIDING FOR THE PAYMENT OF THE PRINCIPAL OF AND INTEREST ON THE BONDS, TOGETHER WITH CERTAIN CURRENTLY OUTSTANDING PRIOR LIEN OBLIGATIONS, BY A FIRST AND PRIOR LIEN ON AND PLEDGE OF THE PLEDGED REVENUES OF THE CITY'S COMBINED UTILITY SYSTEM; PROVIDING THE TERMS AND CONDITIONS OF SUCH BONDS; RESOLVING OTHER MATTERS INCIDENT AND RELATING TO THE ISSUANCE, PAYMENT, SECURITY, SALE, AND DELIVERY OF SUCH BONDS, INCLUDING THE APPROVAL AND DISTRIBUTION OF AN OFFICIAL STATEMENT; AUTHORIZING THE EXECUTION OF A PAYING AGENT/REGISTRAR AGREEMENT AND SALE DOCUMENTATION; COMPLYING WITH THE REQUIREMENTS OF THE LETTER OF REPRESENTATIONS PREVIOUSLY EXECUTED WITH THE DEPOSITORY TRUST COMPANY; AND PROVIDING FOR AN EFFECTIVE DATE. (Garret Bonn, Asst. City Manager)i. Presentation by Dan Wegmiller, Specialized Public Finance, Inc. (Financial Advisor)ii. Hold a Public Hearing (Mayor declares the Public Hearing open and calls upon individuals to speak. Mayor declares the Public Hearing closed) iii. Take Action to Adopt Ordinance No. 2024-26

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