Written Briefings a. Bond Refunding - Combination of General Obligation Bonds and Certificates of Obligation Council is requested to consider refunding $34,870,000 of General Obligation Refunding Bonds (GO), Series 2007A and $10,655,000 of Certificates of Obligation (CO), Series 2007. The purpose of the refunding transaction is to generate savings in debt service costs. Unless otherwise directed by Council, this item will be scheduled for formal consideration at the November 15, 2016 Regular Meeting. b. Bond Refunding - Electric Utility System Commercial Paper Notes Council is requested to consider refunding approximately $40 million of Electric Utility System Commercial Paper Notes, Series 2014 with Electric Utility System Revenue Refunding Bonds. The purpose of this transaction is to refund a portion of variable rate commercial paper notes with fixed rate long-term debt. Unless otherwise directed by Council, this item will be scheduled for formal consideration at the November 15, 2016 Regular Meeting. c. Bond Refunding - Electric Utility System Revenue Bonds Council is requested to consider refunding $13,325,000 of Electric Utility System Revenue Bonds, Series 2007. The purpose of the refunding transaction is to generate savings in debt service costs. Unless otherwise directed by Council, this item will be scheduled for formal consideration at the November 15, 2016 Regular Meeting. d. Bond Refunding - Water and Sewer Utility System Revenue Bonds Council is requested to consider refunding $18,520,000 of Water & Sewer Utility System Revenue Bonds, Series 2007. The purpose of the refunding transaction is to generate savings in debt service costs. Unless otherwise directed by Council, this item will be scheduled for formal consideration at the November 15, 2016 Regular Meeting. e. Investment Portfolio Summary Staff presents the Portfolio Summary report to Council each quarter. The report is in compliance with the requirements of the Public Funds Investment Act. Management of the City's portfolios is conducted in accordance with the City Council Policy Finance-06, Statement of Investment Policy and City Council Policy Finance-05, Statement of Investment Strategy. f. Rate Mitigation Portfolio Report The Rate Mitigation Portfolio Report is provided to Council each quarter. The Report presents investment information regarding the balances held in the Rate Mitigation Fund.
Regular Item: a. Staff Initiated Neighborhood Vitality Special Projects Council is requested to review the Neighborhood Vitality Staff Initiated Special Project Applications. Unless otherwise directed by Council, this item will be scheduled for formal consideration at the November 15, 2016 Regular Meeting.
Discuss Appointments to Boards and Commissions Mayor Pro Tem Scott LeMay Dylan Hedrick - Plan Commission
4. Consider the Consent Agenda A member of the City Council may ask that an item on the consent agenda for the next regular meeting be pulled from the consent agenda and considered separate from the other consent agenda items. No substantive discussion of that item will take place at this time. 5. Announce Future Agenda Items A member of the City Council, with a second by another member, or the Mayor alone, may ask that an item be placed on a future agenda of the City Council or a committee of the City Council. No substantive discussion of that item will take place at this time. 6. Council will move into Executive Session EXECUTIVE SESSION AGENDA NOTICE: The City Council may recess from the open session and convene in a closed executive session if the discussion of any of the listed agenda items concerns one or more of the following matters: 1. The City Council will adjourn into executive session under Sec. 551.071, TEX. GOV'T CODE and Sec. 551.087, TEX. GOV'T CODE to discuss the creation of a tax increment reinvestment zone or the provision of other forms of economic development incentives relating to the development and construction of a residential subdivision on approximately 100 acres of land located generally at the southwestern intersection of Buckingham Road and Shiloh Road in Garland, Texas; and 2. Under Sec. 551.071, TEX. GOV'T CODE to discuss pending or contemplated litigation, settlement offer(s), and matters concerning privileged and unprivileged client information deemed confidential by Rule 1.05 of the Texas Disciplinary Rules of Professional Conduct relating to OM Housing, LLC. 7. Adjourn
Nov 01, 2016 Work Session
Written Briefings a. Bond Refunding - Combination of General Obligation Bonds and Certificates of Obligation Council is requested to consider refunding $34,870,000 of General Obligation Refunding Bonds (GO), Series 2007A and $10,655,000 of Certificates of Obligation (CO), Series 2007. The purpose of the refunding transaction is to generate savings in debt service costs. Unless otherwise directed by Council, this item will be scheduled for formal consideration at the November 15, 2016 Regular Meeting. b. Bond Refunding - Electric Utility System Commercial Paper Notes Council is requested to consider refunding approximately $40 million of Electric Utility System Commercial Paper Notes, Series 2014 with Electric Utility System Revenue Refunding Bonds. The purpose of this transaction is to refund a portion of variable rate commercial paper notes with fixed rate long-term debt. Unless otherwise directed by Council, this item will be scheduled for formal consideration at the November 15, 2016 Regular Meeting. c. Bond Refunding - Electric Utility System Revenue Bonds Council is requested to consider refunding $13,325,000 of Electric Utility System Revenue Bonds, Series 2007. The purpose of the refunding transaction is to generate savings in debt service costs. Unless otherwise directed by Council, this item will be scheduled for formal consideration at the November 15, 2016 Regular Meeting. d. Bond Refunding - Water and Sewer Utility System Revenue Bonds Council is requested to consider refunding $18,520,000 of Water & Sewer Utility System Revenue Bonds, Series 2007. The purpose of the refunding transaction is to generate savings in debt service costs. Unless otherwise directed by Council, this item will be scheduled for formal consideration at the November 15, 2016 Regular Meeting. e. Investment Portfolio Summary Staff presents the Portfolio Summary report to Council each quarter. The report is in compliance with the requirements of the Public Funds Investment Act. Management of the City's portfolios is conducted in accordance with the City Council Policy Finance-06, Statement of Investment Policy and City Council Policy Finance-05, Statement of Investment Strategy. f. Rate Mitigation Portfolio Report The Rate Mitigation Portfolio Report is provided to Council each quarter. The Report presents investment information regarding the balances held in the Rate Mitigation Fund.
Regular Item: a. Staff Initiated Neighborhood Vitality Special Projects Council is requested to review the Neighborhood Vitality Staff Initiated Special Project Applications. Unless otherwise directed by Council, this item will be scheduled for formal consideration at the November 15, 2016 Regular Meeting.
Discuss Appointments to Boards and Commissions Mayor Pro Tem Scott LeMay Dylan Hedrick - Plan Commission
4. Consider the Consent Agenda A member of the City Council may ask that an item on the consent agenda for the next regular meeting be pulled from the consent agenda and considered separate from the other consent agenda items. No substantive discussion of that item will take place at this time. 5. Announce Future Agenda Items A member of the City Council, with a second by another member, or the Mayor alone, may ask that an item be placed on a future agenda of the City Council or a committee of the City Council. No substantive discussion of that item will take place at this time. 6. Council will move into Executive Session EXECUTIVE SESSION AGENDA NOTICE: The City Council may recess from the open session and convene in a closed executive session if the discussion of any of the listed agenda items concerns one or more of the following matters: 1. The City Council will adjourn into executive session under Sec. 551.071, TEX. GOV'T CODE and Sec. 551.087, TEX. GOV'T CODE to discuss the creation of a tax increment reinvestment zone or the provision of other forms of economic development incentives relating to the development and construction of a residential subdivision on approximately 100 acres of land located generally at the southwestern intersection of Buckingham Road and Shiloh Road in Garland, Texas; and 2. Under Sec. 551.071, TEX. GOV'T CODE to discuss pending or contemplated litigation, settlement offer(s), and matters concerning privileged and unprivileged client information deemed confidential by Rule 1.05 of the Texas Disciplinary Rules of Professional Conduct relating to OM Housing, LLC. 7. Adjourn