HomeMy WebLinkAboutRES 042826-5.E - Bluffview PID Series 2026 Resolution Approving the PLOM (Preliminary Limited Offering Memorandum)CITY OF GEORGETOWN TEXAS
RESOLUTION NO. 09 ;, b —$. E
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GEORGETOWN,
TEXAS, APPROVING THE FORM AND AUTHORIZING THE DISTRIBUTION
OF A PRELIMINARY LIMITED OFFERING MEMORANDUM FOR "CITY OF
GEORGETOWN, TEXAS SPECIAL ASSESSMENT REVENUE BONDS, SERIES
2026 (BLUFFVIEW PUBLIC IMPROVEMENT DISTRICT IMPROVEMENT
AREA #1 PROJECT)"
WHEREAS, on March 22, 2022 the City Council (the "Council') of the City of
Georgetown, Texas (the "City") adopted Resolution No. 032222-AA authorizing the
creation of the Bluffview Public Improvement District (the "District"); and
WHEREAS, this Council intends to issue "City of Georgetown, Texas Special
Assessment Revenue Bonds, Series 2026 (Bluffview Public Improvement District
Improvement Area #1 Project) (the 'Bonds"), to fund public improvements within the
District; and
WHEREAS, there has been presented to this Council a Preliminary Limited
Offering Memorandum relating to the Bonds (the "Preliminary Limited Offering
Memorandum"), attached hereto as Exhibit A; and
WHEREAS, this Council finds and determines that it is necessary and in the best
interests of the City to approve the form and content of the Preliminary Limited Offering
Memorandum and authorize the use of the Preliminary Limited Offering Memorandum in
the offering and sale of the Bonds by the Underwriter for the Bonds, FMSbonds Inc.; and
WHEREAS, the Council finds that the passage of this Resolution is in the best
interest of the citizens of the City;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF
THE CITY OF GEORGETOWN, TEXAS:
SECTION 1: That all matters stated in the Recitals hereinabove are found to be
true and correct and are incorporated herein by reference as if copied in their entirety.
SECTION 2: That this Council hereby approves the form and content of the
Preliminary Limited Offering Memorandum and deems the Preliminary Limited Offering
Memorandum final, except for the omission of such information which is dependent upon
the final pricing of the Bonds for completion, all as permitted to be excluded by Section
(b)(1) of Rule 15c2-12 under the Securities Exchange Act of 1934, with such changes,
addenda, supplements or amendments as may be approved by the City Manager,
Assistant City Manager or the Chief Financial Officer. The City hereby authorizes the
Resolution Number: OL{;'A6 �5. or Page 1 of
Subject: Bluffview PID Series-2026 Res Appr. PLOM
Date Approved: A,;, i Z$1 uzc-
Preliminary Limited Offering Memorandum to be used by the Underwriter in connection
with the marketing and sale of the Bonds.
SECTION 3: If any portion of this Resolution shall, for any reason, be declared
invalid by any court of competent jurisdiction, such invalidity shall not affect the
remaining provisions hereof and the Council hereby determines that it would have
adopted this Resolution without the invalid provision.
SECTION 4: That this Resolution shall become effective from and after its date
of passage.
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Resolution Number: 044 ,Z$ X ,, 5. L; Page 2 of 4
Subject: Bluffview PID Series 2026 Res Appr. PLOM
Date Approved: Q.n;` Z-5' ?,bZA,
PASSED AND APPROVED ON THIS 28TH DAY OF April, 2026.
ATTEST:
qdA �( i 24A ka4 11U
Robyn nsmore, City Secretary
Dwoid-Murgan,
Gity Manager—
A'p 'ru� 't4 t. LV'0
sr ' iNttiss, �'� �y.t},.,r.•1
THE CITY,OF GEORGETOWN:
Josh Sch
Resolution Number: OL{�ZSiZ.(o — S. E Page 3 of 4
Subject: Bluffview PID Series 2026 Res Appr. PLOM
Date Approved: A? ., ` 121, V2-(0