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Borger council to act on issuance of bonds

January 14, 2013

The Borger City Council will be acting on the issuance of bonds at its upcoming meeting.
The meeting is set for 1:30 p.m. Tuesday, Jan. 15, 2013, in the city council chambers of Borger City Hall, 600 North Main.
The council will consider and act on the following:
•All matters incident and related to the issuance and sale of City of Borger, Texas, Tax and Waterworks and Sewer System (Limited Pledge) Revenue Certificates of Obligation, Series 2013, including the adoption of an ordinance authorizing the issuance of such certificates of obligation, approving and authorizing the execution of a paying agent/registrar agreement and a purchase agreement, the approval and distribution of an Official Statement and authorizing the execution of any necessary engagement agreements with the city’s financial advisors and/or bond counsel
•All matters incident and related to the issuance and sale of City of Borger, Texas, General Obligation Refunding Bonds, Series 2013, including the adoption of an ordinance authorizing the issuance of such bonds, providing for the redemption of the obligations being refunded, approving and authorizing the execution of a paying agent/registrar agreement and a purchase agreement and authorizing the execution of any necessary engagement agreements with the city’s financial advisors and/or bond counsel.
In other business, the council will hear a presentation by Leah Brown with the Texas Institute for Applied Environmental Research in reference to a Recreational Use Attainability Analysis project funded by the Texas State Soil and Water Conservation Board to take place in Dixon Creek.
The council will also act on appointing or reappointing two board members to the Housing Authority Board of Directors, expenditures for the last half of December 2012 and the first half of January 2013, and minutes of its last regular December meeting.
A time for questions and comments from citizens will be held. Citizens who have indicated their desire to speak to the City Council will be heard at this time. In compliance with the Texas Open Meetings Act, unless the subject matter is on the agenda, City Council members are prevented from acting on the subject and may respond only with statements of factual information or existing city policy; however, City Council members may refer the person making the comment to a staff member or request city staff to place the subject matter on the future open meeting agenda. Citizens are limited to three (3) minutes for their presentation to the City Council.

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