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HomeMy WebLinkAboutAgenda CC 05.10.2011Item # A Item # B Item # C Item # C Item # C Item # C Item # C Item # C Item # C Item # C Item # C Item # C Item # C Item # C Item # D Item # E Item # E Item # E Item # E Item # E Item # F Item # F Item # G Item # G Item # G Item # G Item # G Item # G Item # G Item # H Item # I Item # I Item # I Item # I Item # I Item # I Item # I Item # I Item # I Item # I Item # I Item # I Item # I Item # I Item # I Item # I Item # I Item # I Item # I Item # I Item # J Item # J Item # J Item # K Item # L Item # M Item # M Item # M Item # M Item # M Item # M Item # M Item # M Item # M Item # M Item # M Item # M Item # M Item # M Item # M Item # M Item # M Item # M Item # N Item # O Item # O Item # P Item # P Item # Q Item # Q Item # Q Item # Q Item # Q Item # Q Item # Q Item # Q Item # Q Item # Q Item # Q Item # Q Item # Q Item # Q Item # Q Item # Q Item # Q Item # Q Item # Q Item # Q Item # Q Item # Q Item # Q Item # Q Item # Q Item # Q Item # Q Item # Q Item # Q Item # Q Item # Q Item # Q Item # Q Item # Q Item # Q Item # Q Item # Q Item # Q Item # Q Item # Q Item # Q Item # Q Item # Q Item # Q Item # Q Item # Q Item # Q Item # Q Item # Q Item # Q Item # Q Item # Q Item # R Item # R Item # R Item # R Item # R Item # R Item # R Item # R Item # R Item # R Item # R Item # R Item # R Item # R Item # R Item # R Item # R Item # R Item # R Item # R Item # R Item # R Item # R Item # R Item # R Item # R Item # R Item # S Item # S Item # S Item # S Item # S Item # S Item # S Item # S Item # T Item # T Item # T Item # T Item # T Item # T Item # T Item # T Item # T Item # T Item # T Item # T Item # T Item # T Item # T Item # T Item # U Item # U Item # U Item # U Item # U Item # U Item # U Item # U Item # U Item # U Item # U Item # U Item # U Item # U Item # U Item # U Item # U Item # U Item # U Item # U Item # U Item # U Item # U Item # U Item # U Item # U Item # U Item # U Item # U Item # U Item # U Item # U Item # U Item # U Item # U Item # U Item # U Item # U Item # U Item # U Item # V Item # V Item # V Item # V Item # V Item # V Item # V Item # V Item # V Item # V Item # V Item # V Item # V Item # V Item # V Item # V Item # V Item # V Item # V Item # V Item # V Item # V Item # V Item # V Item # V Item # V Item # V Item # V Item # V Item # V Item # V Item # V Item # V Item # V Item # V Item # V Item # V Item # V Item # V Item # V Item # V Item # V Item # V Item # V Item # V Item # V Item # V Item # V Item # V Item # V Item # V Item # V Item # V Item # V Item # V Item # V Item # V Item # V Item # V Item # V Item # V Item # V Item # V Item # V Item # V Item # V Item # V Item # V Item # V Item # V Item # V Item # V Item # V Item # V Item # V Item # V Item # V Item # V Item # V Item # V Item # V Item # V Item # V Item # V Item # V Item # V Item # V Item # V Item # V Item # V Item # V Item # V Item # V Item # V Item # V Item # V Item # V Item # V Item # V Item # V Item # V Item # V Item # V Item # V Item # V Item # V Item # W Item # W Item # W Item # X Page 1 of 1 REMINDER - Leading Prayer at City Council Meeting Terry nichols to: dbonner, sambrannon 04/26/2011 04:04 PM Cc: Jessica. Brettle Show Details History: This message has been replied to. Dear Mr. Dan Bonner - Wesleyan Homes, Inc. and Mr. Sam Brannon Thank you for agreeing to give the opening prayer at a Georgetown City Council Meeting in May. You both bring distinctive voices of faith leaders from our community. Attached is a brief description of the way this works on your Tuesday evening. Meetings are held at the City Council Chambers located at 7th Street & Main (101 E. 7th Street). Mr. Bonner, you signed up to lead prayer on May 10th. Mr. Brannon, you signed up to lead prayer on May 24th. would appreciate a reply to this email to confirm receipt of this reminder and as notification that you will lead prayer on your designated dates. Thank you for giving of your time to this important spiritual tone -setting for our city leaders. If you have any questions, please contact me at terry(ab-fumcgt.org or by phone at 863-2370. God Bless you, Terry M. Nichols Administrative Assistant to the Pastors First United Methodist Church 512.863,2370 file:HC:\Documents and Settings\jbrettle.GEORGETOWN\Local Settings\Temp\notes97E5... 5/9/2011 �CvisED Notice of Meeting of the Governing Body of the City of Georgetown, Texas MAY 10, 2011 The Georgetown City Council will meet on MAY 10, 2011 at 6:00 P.M. at the Council Chambers at 101 E. 7th Street If you need accommodations for a disability, please notify the city in advance. Regular Session (This Regular Session may, at any time, be recessed to convene an Executive Session for any purpose authorized by the Open Meetings Act, Texas Government Code 551.) A Call to Order Pledge of Allegiance Comments from the Mayor - Welcome and Meeting Procedures - Presentation of Proclamation to Pickett Elementary by Councilmember Meigs City Manager Comments - May 14, 2011 Election - Social Service Funding Applications - Seasonal Irrigation Restrictions Action from Executive Session Public Wishing to Address Council On a subject that is posted on this agenda: Please fill out a speaker registration form which can be found on the table at the entrance to the Council Chamber. Clearly print your name and the letter of the item on which you wish to speak and present it to the City Secretary on the dais, preferably prior to the start of the meeting. You will be called forward to speak when the Council considers that item. On a subject not posted on the agenda: Persons may add an item to a future City Council agenda by contacting the City Secretary no Iater than noon on the Wednesday prior to the Tuesday meeting, with the subject matter of the topic they would like to address and their name. The City Secretary can be reached at 512/930-3651. B - As of the deadline, no persons were signed up to speak on items other than what was posted on the agenda. Statutory Consent Agenda The Statutory Consent Agenda includes non -controversial and routine items that may be acted upon with one single vote. An item may be pulled from the Consent Agenda in order that it be discussed and acted upon individually as part of the Regular Agenda. "it r C Consideration and possible action to approve the minutes of the Workshop and Regular Council Meeting held on Tuesday, April 26, 2011 -- Jessica Brettle, City Secretary D Consideration and possible action to accept the City's Quarterly Financial Report (Report), including the Investment Reports for the City of Georgetown, the Georgetown Transportation Enhancement Corporation (GTEC), and the Georgetown Economic Development Corporation (GEDCO) for the quarter ended March 31, 2011. The Report also includes the Divisional Activity & Status Report for mid -year 2010/2011 -- Micki Rundell, Chief Financial Officer; Laurie Brewer, Finance Director; Lorie Lankford, Controller E Consideration and possible action to approve a two year agreement with Unifirst for city wide uniform services -- Trina Bickford, Purchasing Manager and Micki Rundell, Chief Financial Officer F Consideration and possible action to award a bid for swimming pool chemicals, for a two year period to Pool Sure and Progressive Commercial Aquatics, both of Houston, Texas, in the estimated amount of $87,375.00, with an option to renew for two additional one-year periods -- Kimberly Garett, Parks and Recreation Director and Randy Morrow, Director of Community Services G Consideration and possible action regarding a Resolution granting a petition and setting public hearing dates for the voluntary annexation into the city limits of 14.6 acres in the Williams Roberts Survey, for the new McCoy Elementary School, located on Bellaire Drive -- Jordan J. Maddox, AICP, Principal Planner and Elizabeth A. Cook, Community Development Director H Consideration and possible action to accept the Georgetown Fire Department's 2010 Annual Report - - Robert Fite, Fire Chief I Consideration and possible action to approve a Resolution authorizing the City of Georgetown to enter into an Advanced Funding Agreement with the Texas Department of Transportation related to the Safe Routes to School program for sidewalk and bicycle and pedestrian improvements in the vicinity of Mitchell Elementary School -- Edward G. Polasek, AICP, Transportation Services Director and Mark Miller, Transportation Services Manager J Consideration and possible action to approve an amendment to .an exclusive contract and license agreement with National Sign Plazas for the installation and maintenance of subdivision directional signs consistent with the City's Wayfinding and Signage Master Plan eliminating a $10 administrative license fee payable to the City for each sign panel installed -- Dave Hall, Director of Inspections and Building Official and Paul E. Brandenburg, City Manager Legislative Regular Agenda K Evaluation of Employment and consideration and possible action on employment status of City Attorney Mark Sokolow -- Martha S. Dickie of Almanza, Blackburn & Dickie and Mayor George Garver L Discussion and update related to current 2011 drought conditions -- Glenn Dishong, Utility Director and Jim Briggs, Assistant City Manager M Public Hearingfor the voluntary annexationinto the city limits of 14.6 acres in the William Roberts Survey, for the new McCoy Elementary School, located on Bellaire Drive -- Jordan J. Maddox, AICP, Principal Planner and Elizabeth A. Cook, Community Development Director N Discussion and possible direction to staff concerning City of Georgetown efforts to secure funding for the IH 35/1,akeway Bridge Improvements -- Jim Briggs, Assistant City Manager and Edward G. Polasek, AICP, Transportation Services Director O Consideration and possible action to award the Airport Aviation Fuel bid to the low bidder, Avfuel Corporation, for a period of two years, with three one-year options, effective July 1, 2011 for an estimated annual cost of $2,600,000.00 -- Travis McLain, Airport Manager and Paul E. Brandenburg, City Manager P Forwarded from the General Government and Finance Advisory Subcommittee: Consideration and possible action to approve the Construction Manager -at -Risk for Fire Station 5 construction -- Terry Jones, Support Services Director and Micki Rundell, Chief Financial Officer Q First Reading of an Ordinance authorizing the 2011 Certificates of Obligation (CO) bond issue -- Micki Rundell, Chief Financial Officer (action required) R First Reading of an Ordinance formally adopting the Fiscal and Budgetary Policy as amended to be used in preparing the 2011/12 annual budget and to guide financial operations -- Micki Rundell, Chief Financial Officer (action required) S Second Readingof an Ordinance for a Comprehensive Plan Amendment to add new vision statements in conjunction with the 2030 Plan Annual Report -- Jordan J. Maddox, AICP, Principal Planner and Elizabeth A. Cook, Community Development Director(action required) T Second Reading of an Ordinance on a rezoning of 1.01 acres from C-1, Local Commercial District, to C-3, General Commercial, in the Stubblefield Survey, Abstract 558, located at 1006 Leander Road -- Mike Elabarger, Planner III and Elizabeth A. Cook, Community Development Director (action required) U Second Reading of an Ordinance of the City Council of the City of Georgetown, Texas, amending the Code of Ordinances Chapter 2.36 "City Commissions, Committees and Boards," Chapter 2.48 "City Planning and Zoning Commission," Chapter 2.49 "Zoning Board of Adjustment," Chapter 2.50 "Historic and Architectural Review Commission," Chapter 2.56 "Airport Advisory Board," Chapter 2.64 "Building Standards Commission," Chapter 2.68 "Georgetown Convention and Visitor's Board," Chapter 2.69 "Main Street Advisory Board," Chapter 2.72 "City Library Board," Chapter 2.100 "Economic Development Advisory Board," Chapter 2.104 "Parks and Recreation Board," Chapter 2.108 "Youth Advisory Board," Chapter 2.109 "Utility Systems Advisory Board," Chapter 2.111 "Animal Shelter Advisory Board," Chapter 2.112 "Arts and Culture Board," Chapter 2.113 "Georgetown Transportation Advisory Board," and Chapter 2.116 "Housing Advisory Board," Repealing Conflicting Ordinances and Resolutions; Including a Severability Clause; and Establishing an Effective Date -- Rachel Saucier, Assistant City Secretary; Jessica Brettle, City Secretary; Skye Masson, Legal Assistant; Bridget Chapman, Assistant City Attorney; Mark T. Sokolow, City Attorney (action required) V Consideration and possible action to approve a Resolution amending the Bylaws for the Airport Advisory Board, Animal Shelter Advisory Board, Arts and Culture Advisory Board, Building Standards Commission, Convention & Visitors Board, Economic Development Advisory Board, Historic and Architectural Review Commission, Housing Advisory Board, Library Advisory Board, Main Street Advisory Board, Parks and Recreation Board, Planning and Zoning Commission, Transportation Advisory Board, Georgetown Utility System Advisory Board, Youth Advisory Board, and the Zoning Board of Adjustment -- Rachel Saucier, Assistant City Secretary; Jessica Brettle, City Secretary; Skye Masson, Legal Assistant; Bridget Chapman, Assistant City Attorney; Mark T. Sokolow, City Attorney W Consideration and possible action to approve a Resolution setting the date and time for the canvassing of the May 14, 2011 Election -- Jessica Brettle, City Secretary Executive Session In compliance with the Open Meetings Act, Chapter 551, Government Code, Vernon's Texas Codes, Annotated, the items listed below will be discussed in closed session and are subject to action in the regular session. X Sec. 551.071: Consultation with Attorney - Advice from attorney about pending litigation that has been filed against the City or contemplated litigation and other matters on which the attorney has a duty to advise the City Council, including but not limited to this week's agenda item - Discussion and evaluation of the letter from City Attorney Mark Sokolow's legal counsel and potential claim against the City of Georgetown with outside counsel Martha S. Dickie Adjournment Certificate of Posting I, Jessica Brettle, City Secretary for the City of Georgetown, Texas, do hereby certify that this Notice of Meeting was posted at City Hall, 113 E. 8th Street, a place readily accessible to the general public at all times, on the _5 day of iY' , 2011, at and remained so posted for at least 7 co tinuous hours preceding the sc6e uled time of said meeting. ess' a Brettle, City Secretary _ / V � l G((--- n n N Page 1 of 2 couv� �/ I RE: Announcement %�J . George G. Garver to: 'Danny Meigs', Jessica.Brettle, mayor 04/15/2011 05:44 AM Cc: Paul. Brandenburg Show Details Jessica can we put together an appropriate proclamation for our next Council meeting. Since Mr. Megis helped organize the "Meet the Chiefs Night" he may wish to present the proclamation on behalf of the City. Thanks for your help. ggg From: Danny Meigs [mailto:danmeigsC@gmail.com] Sent: Thursday, April 14, 2011 8:52 PM To: Jessica. Brettle@georgetown.org; mayor@georgetowntx.org; 'George G. Garver' Cc: Paul. Brandenburg@georgetown.org Subject: FW: Announcement Mayor and Jessica, the Student Council at Pickett organized and conducted a very good event in our recent "Meet the Chiefs" event at Pickett Elementary. They do a great job and have recently won a national award. Is it possible to recognize these young people and their adult leaders at a Council Meeting? It would be nice to get it done by the May 10 meeting, along with a proclamation from the City. Thanks for your input. Danny Meigs (Attached is the email from their leader, Mr. Cruz.) From: Claudio Cruz [mailto cruzc@aeorgetownisd..org] Sent: Thursday, April 14, 2011 2:36 PM To: Daniel Meigs Cc: Laurie McIntyre; Carlos Partida Subject: Announcement Good Afternoon Mr. Meigs, As you know at Pickett Elementary we are "student focused". Our Student Council was set up so that our kids would be involved in activities that would lead toward the development and application of character traits associated with good citizenship, leadership, service learning, and responsible behavior. We've had a good year and it hasn't gone unnoticed. We've just received word that our Student Council will be receiving a national award from the National Association of Elementary School Principals (NAESP). The award will come to us in the form of a certificate entitled American Student Council Association (ASCA) Honor Student Council Award. OK file://C:\Documents and Settings\jbrettle.GEORGETO"\Local Settings\Temp\notes97E... 4/15/2011 Page 2 of 2 now, here is the pitch! We'd like to see if maybe you, the Mayor and the City Council would acknowledge us at one of your upcoming meetings. This experience would be memorable for the kids and make it their crowning achievement. Please let me know if this would be possible. The award should be in our hands in about a week. Thanks. Claudio Cruz Pickett Elementary otes97E... 4/15/2011 Pickett Elementary City Council Meeting Citizen's Comments May 10, 2011 Speaker: Cale Perry, Vice -President On behalf of the students at Pickett Elementary, our Principal, Ms. McIntyre and our Ass't Principal, Mr. Partida, we would like to thank the City Council for recognizing our accomplishment this year. The National Association of Elementary Principals is a national organization whose purpose is to support and recognize educational endeavors throughout our country. This year our Student Council's theme was Service to Others. We saw and experienced the benefits our community receives when people lend a helping hand. We collected over 2,000 cans of food for the hungry, raised over $1,000 for kids suffering from leukemia, supported our after school running club, donated to the Caring Place, raised funds to help the Japanese Tsunami Relief, donated money to one of our own students who will attend a leadership conference this summer, and recognized individual students and teachers that did extra -ordinary things on behalf of our school. As a Student Council we learned how student government works, how decisions are made, what protocol, decorum, agendas, and motions are. It was interesting, exciting, and educational. We hope and pray that through our appearance here this evening, you the City Council, can feel confident and assured that Georgetown's future will continue to be bright, because of the great job our teachers have done preparing us to meet the challenges of tomorrow. Who knows maybe a few of us will sit someday where you sit and continue your good works. Thank you very much. Page 1 of 2 RE: Agenda Claudio Cruz to: Jessica.Brettle 05/06/2011 07:14 AM Show Details Thank you Ms. Brettle. The student who will be addressing the Council is Vice -President Cale Perry. The recognition we have received comes from the National Association of Elementary School Principals (NAESP) and their American Student Council Association (ASCA) division. Each year they recognize schools that have an active Student Council that involves themselves in community service, leadership and citizenship activities. Our school name will also be featured on their national website. It is a big honor. I have attached Cale's little speech for your review. Thank you so much for facilitating this. >>> <Jessica. Brettle@georgetown.org > 5/5/2011 4:00 PM >>> Hello Claudio, As you have seen, your proclamation is on the May 10, 2011 Council agenda. Mayor Garver will introduce the proclamation and say a few words and then he will turn the microphone over to Councilmember Meigs, who will makes the formal presentation and read the proclamation to you. We would be happy to have one of your officers address the Council for a few minutes. What is his or her name? Also, in preparation of the proclamation, is there a way you could send me some more information regarding the Award your Student Council received?? I would like to include some of that in the presentation. Let me know if you have any further questions! Jessica Brettle City Secretary City of Georgetown Phone (512)931-7715 Fax (512)930-3659 jessica.brettle@georgetown.org http://www.georgetown.orct "Danny Meigs"---05/05/2011 03:51:11 PM ---Claudio, that is the plan. Jessica Brettle is our City Secretary and she will contact you to confirm From: "Danny Meigs" <danmeigs@gmail.com> To: "'Claudio Cruz"' <CruzC@georgetownisd.org> Cc: <Jessica.Brettle@georgetown.org> Date: 05/05/2011 03:51 PM Subject: RE: Agenda Claudio, that is the plan. Jessica Brettle is our City Secretary and she will contact you to confirm names. Looking forward to it. Danny Meigs From: Claudio Cruz [mailto:CruzCc)georgetownisd org] Sent: Thursday, May 05, 2011 1:24 PM file://C:\Documents and Settings\jbrettle.GEORGETOWN\Local Settings\Temp\notes97E5... 5/9/2011 Page 2 of 2 To: danmeigs@gmail.com Subject: Agenda Good Afternoon Mr. Meigs, I see we are on the agenda, thanks to you. Hooray! I'd like for one of our officers to address the council. Do you think he can do it after we are recognized or wait until the citizen's comments? Femp\notes97E5 ... 5/9/2011 Re: City Council Meeting Danny Meigs to: Claudio Cruz 04/28/2011 02:11 PM Cc: Jessica Brettle, Mayor, Paul Brandenburg That sounds great Claudio. We're looking forward to seeing all of you on the loth. Danny Meigs Sent from my iPhone On Apr 28, 2011, at 1:28 PM, "Claudio Cruz" <CruzC@georgetownisd.org> wrote: > Good Afternoon Mr. Meigs, > We received the certificate and are ready to attend the meeting. What I envision is for one of our officers to address the council during the presentation, to shed light on why we received the award, and to also expound on the merits of "service learning." I know you've seen these kids in action, but I feel strongly that more community leaders need to see, hear, and feel hopeful that our future is in good hands with these type of leaders. Too many times our communities hear only the mischief that our kids get into and not the good things they do. Let me know what you think. Thanks. > Claudio Page 1 of 2 Re: Pickett Elementary District3 to: Jessica Brettle 05/02/2011 03:29 PM Show Details Security: To ensure privacy, images from remote sites were prevented from downloading. Show Images That is a good idea. Claudio mentioned that he would like to have one of the students say a few words. Thanks! Danny Meigs Councilmember District 3 -----Jessica Brettle/City of Georgetown wrote: ----- To: District3/City of Georgetown@City of Georgetown From: Jessica Brettle/City of Georgetown Date: 05/02/2011 02:42PM Cc: Mayor/City of Georgetown@City of Georgetown Subject: Re: Pickett Elementary Hello Danny, Yes. I have the proclamation on the May 10th agenda. Who will the Mayor be presenting it to?? Shall I get in touch with Claudio Cruz?? Jessica Brettle City Secretary City of Georgetown Phone (512)931-7715 Fax (512)930-3659 jessica.brettle@georgetown.org http://www.georgetown.g-M EDistrict3 --- 05/02/2011 02:32:24 PM ---Hi Jessica, are we all set for the proclamation for these students May 10? Let me know if you need From: District3/City of Georgetown To: Jessica Brettle/City of Georgetown@City of Georgetown, Mayor/City of Georgetown@City of Georgetown Date: 05/02/2011 02:32 PM Subject: Pickett Elementary file://C:\Documents and Settings\jbrettle.GEORGETOWN\Local Settings\Temp\notes97E5... 5/2/2011 . -t Page 2 of 2 Hi Jessica, are we all set for the proclamation for these students May 10? Let me know if you need additional info. Many thanks. Danny Meigs Councilmember District 3 The preceding e-mail message, including any attachments, contains information that may be confidential, constitute non-public information, or be protected by privilege. It is intended to be conveyed only to the designated recipients(s). If you are not the intended recipient of this message, please notify the sender immediately by replying to this message and then delete it from your system. Use, dissemination, distribution, or reproduction of this message by unintended recipients is not authorized and may be unlawful under the Electronic Communications Privacy Act: 18 U.S.C. § 2510 - § 2521. The preceding e-mail message, including any attachments, contains information that may be -onfidential, constitute non-public information, or be protected by privilege. It is intended to be -.onveyed only to the designated recipients(s). If you are not the intended recipient of this message, please notify the sender immediately by replying to this message and then delete it from your system. Use, dissemination, distribution, or reproduction of this message by unintended recipients is not authorized and may be unlawful under the Electronic Communications Privacy Act: 18 U.S.C. § 2510 - § 2521. file://CADocuments and Settings\jbrettle.GEORGETO"\Local Settings\Temp\notes97E5... 5/2/2011 ��� 5/� � /� ► instruction Manager -at -Risk ee Tabulation Zapalac Reed Chasco Bartlett Cocke SpawGlass FT Woods 5,500 115,000 2.92% 221,751 5.41 % 104,104 62,146 38,501 17,000 342,251 3,500 5,500 10,000 2,500 82;000 2.00% 79,950 1.95% 102,500 2.50% 100,450 2.45% 259,153 279,000 272,650 282,500 6.32% 6.80% 6.65% 6.80% 132,268 149,186 148,050 86,930 60,985 60,000 81,250 58,383 6,406 25,339 28,363 22,000 59,494 44,475 14,987 9,185 344,653 364,450 385,150 385,450 a 1 • I Texas Certificates of ANCE INC. S E R V I C E S OFFICIAL STATEMENT Dated May 10, 2011 Rating: S&P: "AA+" (See "OTHER INFORMATION - NEW ISSUE - BOOK -ENTRY -ONLY RATING" herein) In the opinion o%Bond Counsel, interest on the Certificates will be excludable from gross income for federal income tax purposes under statutes, regulations, published rulings and court decisions existing on the date thereof, subject to the matters described under "TA,1 MATTERS" herein, including the alternative minimum tax on corporations. THE CERTIFICATES HAVE BEEN DESIGNATED AS "QUALIFIED TAX-EXEMPT OBLIGATIONS" FOR FINANCIAL INSTITUTIONS $9,720,000 _ CITY OF GEORGETOWN, TEXAS " ikk rT (Williamson County) v ;e. COMBINATION TAX AND REVENUE CERTIFICATES OF OBLIGATION, SERIES 2011 Dated Date: May 1, 2011 Due: August 15, as shown on the inside cover page PAYMENT TERMS ... Interest on the $9,720,000 City of Georgetown, Texas, Combination Tax and Revenue Certificates of Obligation, Series 2011 (the "Certificates") will accrue from May 1, 2011 and will be payable February 15 and August 15 of each year commencing February 15, 2012, until maturity or earlier redemption, and will be calculated on the basis of a 360-day year consisting of twelve 30-day months. The definitive Certificates will be initially registered and delivered only to Cede & Co., the nominee of The Depository Trust Company, New York, New York ("DTC") pursuant to the book -entry -only system described herein. Beneficial ownership of the Certificates may be acquired in denominations of $5,000 or integral multiples thereof. No ;physical delivery of the Certificates will be made to the beneficial owners thereof. Principal of, premium, if any, and interest on the Certificates will be payable by the Paying Agent/Registrar to Cede & Co., which will make distribution of the amounts so paid to the participating members of DTC for subsequent payment to the beneficial owners of the Certificates. See "THE CERTIFICATES — Bow -ENTRY -ONLY SYSTEM" herein. The initial Paying Agent/Registrar is The Bank of New York Mellon Trust Company, National Association"(see "THE CERTIFICATES —PAYING AGENT/REGISTRAR"). AUTHORITY FOR ISSUANCE ... The Certificates are issued pursuant to the Constitution and general laws of the State of Texas (the "State"), particularly Subchapter C of Chapter 271, Texas Local Government Code, as amended, and Chapter 1502, Texas Government Code, as amended, and an ordinance (the "Ordinance") adopted by the City Council of the City of Georgetown, Texas (the "City"). The Certificates constitute direct obligations of the "City, payable from a combination of (i) the levy and collection of a continuing, direct annual ad valorem tax, within the limits prescribed by law, on all taxable property within the City, and (ii) a limited pledge of surplus net revenues of the City's combined water, sewer and electric systems, not to exceed $10,000 as provided in the Ordinance (see "THE CERTIFICATES — AUTHORITY FOR ISSUANCE" and "THE CERTIFICATES — SECURITY AND SOURCE OF PAYMENT"). PURPOSE ... Proceeds from the sale of the Certificates will be used for the purpose of paying contractual obligations incurred or to be incurred by the City for (i) constructing, improving, expanding, upgrading and equipping City fire stations including acquisition of necessary sites, public safety training facilities and fire.trucks; (ii) constructing, improving, extending, expanding, upgrading and developing City streets, bridges, sidewalks, intersections and related traffic improvements including purchasing any necessary rights -of -way and equipment including Williams Drive; (iii) acquisition of public safety equipment, including security systems and vehicles; (iv) constructing, improving, expanding, renovating and equipping the City -owned facility Madella Hillard; and (v) professional services including fiscal, engineering, architectural and legal fees and other such costs incurred in connection therewith including the costs of issuing the Certificates. See "THE CERTIFICATES — PURPOSE". CUSIP PREFIX: 373028 MATURITY SCHEDULE SEE INSIDE FRONT COVER OPTIONAL REDEMPTION ... The City reserves the right, at its option, to redeem Certificates having stated maturities on and after August 15, 2021, in whole or from time to time in part, in principal amounts of $5,000 or any integral multiple thereof, on August 15, 2020, or any date thereafter, at the par value thereof plus accrued interest to the date of redemption (see "THE CERTIFICATES — OPTIONAL REDEMPTION"). Additionally, the Certificates may be subject to mandatory redemption in the event the Purchaser elects to aggregate one or more maturities as Term Certificates. LEGALITY ... The Certificates are offered for delivery when, as and if issued and received by the initial purchaser (the "Purchaser") and subject to the approving opinion of the Attorney General of Texas and the opinion of McCall, Parkhurst & Horton L.L.P., Bond Counsel, Austin, Texas (see "APPENDIX C - FORM of BOND COUNSEL'S OPrmON"). DELIVERY ... It is expected that the Certificates will be available for delivery through DTC on May 19, 2011. Summary: Georgetown, Texas; General Obligation Primary Credit Analyst: Russell Bryce, Dallas (1) 214-871-1419; russell_bryce@standardandpoors.com Secondary Contact: Theodore Chapman, Dallas (1) 214-871-1401, theodore_chapman@standardandpoors.com Table Of Contents Rationale Outlook Related Criteria And Research www.standardandpoors.com/ratingsdirect 1 Summary: Georgetown, Texas; General Obligation Credit 6 ' US$9.52 mil comb tax and rev certs of oblig ser 2011 dtd 05/01/2011 due 08/15/2031 Long Term Rating Rationale AA+/Stable New Standard & Poor's Ratings Services assigned its 'AA+' long-term rating to the City of Georgetown, Texas' series 2011 combination tax and revenue certificates of obligation. At the same time, Standard & Poor's affirmed its 'AA+' rating and underlying rating (SPUR) on the city's GO debt outstanding. The outlook is stable. The ratings reflect our view of the city's: • Very strong wealth and strong income levels, boosted, in part, by its participation in the Austin, Texas MSA; • Sound financial position, including very strong reserves, a competitive tax rate, and a broad array of funding sources for capital projects; and • Strong financial management policies. These strengths are somewhat offset by our opinion of the city's high overall net debt burden, which is due mostly to overlapping debt from area school districts and Williamson County. The certificates are secured by ad valorem taxes levied on taxable property in the city, within the limits prescribed by state law. Officials plan to use bond proceeds for fire station construction and improvements, road and bridge improvements, public safety equipment, and renovations to the city's Madella Hillard facility. Located 26 miles north of Austin, Georgetown is the seat of Williamson County. Georgetown's estimated population is about 48,000, an increase of about 71 % since 2000. We consider the city's income levels to be strong; the median household income level is 127% the national average. Market value, an indicator of relative wealth, is very strong, in our view, at about $84,000 per capita. As of March 2011, the city's 7.0% preliminary unemployment rate was below both the state and national averages. The city's growth prospects are bolstered by the impact of regional transportation projects. Interstate 35 provides city residents with access to the Austin MSA. In addition, the construction of State Highway 130 will link Georgetown directly to the Austin -Bergstrom International Airport and San Antonio. Assessed valuation (AV) increased 88% over five years to $4.01 billion for fiscal 2009. Despite the national recession, development has continued in the city, albeit at a more moderate pace, with AV increasing 0.3 % for fiscal 2010 and an additional 0.7% for fiscal 2011 to $4.06 billion. Officials indicate that they project that AV will increase by roughly 3 % for fiscal 2012. The tax base is predominantly residential -- single-family residential property makes up about 63 % of AV -- and very diverse, in our view, with the 10 leading taxpayers accounting for 8.3 % of total AV. Georgetown's financial position remains very strong, in our opinion. In response to their concern about the city's Standard & Poor's I RatingsDirect on the Global Credit Portal I May 2, 2011 2 1 I I Summary: Georgetown, Texas; General Obligation historical reliance on transfers of as much as 40 % of general fund revenues from the utility funds, city officials adopted a fiscal policy that established reserves for all funds, and that limited transfers from the utility funds to a maximum of 10% of revenues, or 7% as a return -on -investment and 3% in -lieu -of franchise fees. Previously, the city did not have a formal transfer ceiling. Management maintains an unreserved fund balance policy of a minimum 90 days' cash on hand, or 25 % of expenditures. After six consecutive years of net general fund surpluses, the city drew down its general fund in both fiscals 2009 and 2010. In both years, officials implemented the city's budget contingency plan, which established guidelines for managing revenue shortfalls due to local or national economic downturns. At the end of fiscal 2009, the city's unreserved general fund balance declined $1.4 million. Georgetown's fiscal 2010 budget anticipated a $1.8 million drawdown to the general fund. However, the city ended the year with an audited drawdown of only $743,000 after implementing contingency plan spending limitations during the year, including freezing positions. After the drawdown, the city's unreserved general fund balance sat at $8.6 million, or 24.4% of operating expenditures, which we continue to view as very strong. The fiscal 2011 budget continues to implement the city's contingency plan and includes cost management efforts including the continued freezing of 22.5 positions. However, general fund expenditures were budgeted to grow overall, primarily due to increased compensation for public safety and a 2.5% cost -of -living adjustment for nonpublic safety employees. Overall, the budget calls for an $893,000 drawdown of the general fund. However, officials currently project a general fund surplus of up to $500,000, as revenues are expected to exceed budgeted levels. The combination of property tax base growth and a diverse revenue stream has kept the city's tax rate among the region's lowest at 35.6 cents per $100 of AV for fiscal 2011, a rate the city has maintained since fiscal 2009. In May 2005, city residents approved a proposal to adopt an additional quarter -cent sales tax. Officials use half the revenues from the additional sales tax to provide property tax relief and the other half to promote economic development projects. Georgetown's management practices are considered "strong" under Standard & Poor's Financial Management Assessment (FMA) methodology, indicating practices are strong, well -embedded, and likely sustainable. Highlights include the city's use of historical trends and extensive planning and analysis to devise revenue and expenditure assumptions, proven willingness to make intrayear corrections to improve structural budget gaps due to a formalized budget contingency plan, quarterly budget reports to the governing body, and financial planning that identifies possible expenditure pressures and includes 10-year revenue modeling. The city maintains a five-year, annually updated capital improvement program that addresses project needs and resources. The city also has a debt management policy that governs debt issuance and includes tying the bonds' terms to the asset's useful life and limitations on carrying charges. The city has a formal investment management policy that parallels state regulations and calls for quarterly reporting to elected officials, as well as formal reserve policies that calls for reserves to equal to 25% of annual budgeted general fund expenditures. After accounting for self-supporting debt from the city's utility systems, the city's overall net debt burden high, in our opinion, at 10.0% of market value and an estimated $8,424 per capita. Overlapping entities, primarily Georgetown Independent School District and Williamson County, account for about 74% of the overall debt burden, and are responsible for the majority of recent increases in the city's overall debt burden. Debt service www.standardandpoors.com/ratingsdirect 9,64776 1300125218 Summary: Georgetown, Texas; General Obligation carrying charges were elevated, in our view, at about 18 % of fiscal 2010 total governmental fund expenditures. The city's debt service schedule calls for 63% of GO debt to be retired over 10 years and 99% to be retired over 20 years. After this issuance, the city will have about $67 million in authorized but unissued bonds for street improvements and park and recreational purposes. In addition, the city has scheduled an upcoming election in 2011 to ask voters for $29.5 million in additional bonding authority to finance a new public safety facility. The city participates in the Texas Municipal Retirement System JMRS), which is administered by the state of Texas. The city's annual contribution to the pension system was $3.2 million in fiscal 2010, or about 81 % of the annual pension cost. The unfunded pension liability through TMRS was $14.2 million as of Dec. 31, 2009, or about 57% of covered payroll. The city also provides health insurance benefits to retirees, which it pays for on a pay-as-you-go basis; the unfunded liability was $854,000 for fiscal 2010. For fiscal 2010, the city funded 15.6% of the annual other postemployment benefits cost, or about $18,000. Combined, the city's pension and other postemployment benefits unfunded liability is an estimated 0.4% of market value. Outlook The stable outlook reflects our expectation that continued steady economic diversification and property tax base growth will provide management with the necessary funding alternatives to address growth -related operating and capital pressures. We also expect that management will sustain the city's sound financial performance and maintain its prudent fiscal and debt policies. We could raise the rating if the city's overall debt levels moderate as the city moves toward buildout. However, if the city's financial position were to decline significantly, or debt levels were to rise substantially, the rating could be lowered. Related Criteria And Research USPF Criteria: GO Debt, Oct. 12, 2006 Ratings Detail (As Of 1 Georgetown GO Unenhanced Rating AA+(SPUR)/Stable Affirmed Georgetown GO Long Term Rating AA+/Stable Affirmed Georgetown GO Long Term Rating AA+/Stable Affirmed Georgetown GO Unenhanced Rating AA+(SPUR)/Stable Affirmed Many issues are enhanced by bond insurance. Complete ratings information is available to subscribers of RatingsDirect on the Global Credit Portal at www.globalcreditportal.com. All ratings affected by this rating action can be found on Standard & Poor's public Web site at www.standardandpoors.com. Use the Ratings search box located in the left column. Standard & Poor's I RatingsDirect on the Global Credit Portal I May 2, 2011 4 61 $997209000 CITY OF GEORGETOWN, TEXAS COMBINATION TAX AND REVENUE CERTIFICATES OF OBLIGATION, SERIES 2011 Sealed Bids Due Tuesday, May 10, 2011, at 9:30 AM, CDT Bidder J.P. Morgan Securities LLC True Interest Cost 3.214857% Submitted Via Parity Raymond James & Associates, Inc. 3.249880% Parity RBC Capital Markets 3.260269% Parity Morgan Keegan & Co., Inc. 3.305069% Parity Hutchinson Shockey Erley & Co. 3.354791 % Parity F f N Financial Capital Markets 3.365153% Parity Piper Jaffray 3.370281 % Parity Southwest Securities, Inc. 3.378042% Parity BOSC, Inc. 3.403937% Parity SAMCO Capital Markets -Coastal Securities, Inc. -BLN Securities -Stifel Nicolas & Company, Inc. -Crews & Associates, Inc. -National Alliance 3.410031 % Parity FirstSouthwest 3.428987% Parity Ross, Sinclaire & Associates, Inc. -Duncan Williams 3.488685% Parity Sterne, Agee & Leach, Inc. 3.516679% Parity kLI SPECIALIZED PUBLIC FINANCE INC. FINANCIAL ADVISORY SE 4 V i C E S FINAL City of Georgetown, Texas $9,720,000 Combination Tax & Revenue Certificates of Obligation, Series 2011 Debt Service Schedule Part 1 of 2 Date Principal Coupon Interest Total P+I Fiscal Total 05/19/2011 - - - - _ 02/ 15/2012 - - 222,042.64 222,042.64 - 08/15/2012 320,000.00 2.000% 140,731.25 460,731.25 - 09/30/2012 - - - - 682,773.89 02/15/2013 - - _ 137,531.25 137.531.25 08/15/2013 495,000.00 2.000% 137,531.25 632,531.25 - 09/30/2013 - - - - 770,062.50 02/15/2014 - - 132,581.25 132,581.25 - 08/15/2014 505,000.00 2.000% 132,581.25 637,581.25 - 09/30/2014 _..................._..............._._.................__.._...._..........W_..-._.__........_____..... - ......__....._........_...__.._............._........_..........._............_.__....__..... - - ___...._.__.....__........_...._...._......._......... - _...._......._.__....................._.....-....._...__.._._.... 770,162.50 ._....__..._._.._._.._..__......._._._...... 02/15/2015 - - 127,531.25 127,531.25 - 08/15/2015 525,000.00 2.000% 127,531.25 652,531.25 - 09/30/2015 - - - - 780,062.50 02/15/2016 - - 122,281.25 122,281.25 - 08/15/2016 540 000.00 2.000% 122,281.25 662,281.25 - 09/30/2016 - - - - 784,562.50 02/15/2017 - - 116,881.25 116,881.25 - 08/15/2017 425,000.00 2.000% 116,881.25 541,881,25 - 09/30/2017 - - - - 658,762.50 02/15/2018 _._....._.._...__...................._........._.._......__..._._........._..___._...._...__. - _...___. ___.... - .__. .W W__.. __...._._.._..____._._._.._._ 112,631.25 __.._.._.....__._.._._._...__.__._....___.._.W......_......._...._...__ 112,631.25 ......_.._...._..__ ..___...._ - 08/15/2018 435,000.00 2.250% 112,631.25 547,631.25 - 09/30/2018 - - - - 660,262.50 02/15/2019 - - 107,737.50 107,737.50 - 08/15/2019 415,000.00 2.500% 107,737.50 522,737.50 - 09/30/2019 - - - - 630,475.00 02/15/2020 - - 102,550.00 102,550.00 - 08/15/2020 435,000.00 2.750% 102,550.00 537,550.00 - 09/30/2020 - - - - 640,100.00 02/15/2021 - - 96,568.75 96,568.75 - 08/15/2021 ................ 450,000.00 3.000% 96,568.75 546,568.75 - - - - 643,137.50 02/15/2022 - - 89,818.75 89,818.75 - 08/15/2022 420,000.00 3.000% 89,818.75 509,818.75 - 09/30/2022 - - - - 599,637.50 02/15/2023 - - 83,518.75 83,518.75 - 08/15/2023 440,000.00 3.000% 83,518.75 523,518.75 - 09/30/2023 - - - - 607,037.50 02/15/2024 - - 76,918.75 76,918.75 - 08/15/2024 460,000.00 3.000% 76,918.75 536,918,75 - 09/30/2024 - - - - 613,837.50 11 Go (5/10) FINAL I SINGLE PURPOSE 1 5/10/2011 1 9:56 AM